Invest in 5 STAR rated TATA Infrastructure Mutual Fund Scheme

Rating Methodology: Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity funds this rating is based on the weighted average monthly returns for the last 3 years period. These ratings do not take into account any entry or exit load. Five-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. Value Research Fund Ratings are subject to change every month. Current Fund Rating is as on May 31, 2009. In the equity diversified category, 145 diversified equity funds were rated. The Rating is based on primary data provided by respective funds. Value Research does not guarantee the accuracy. Publisher of rating data: - www.valueresearchonline.com The 2009 general election results have been by far the most defining event for the Indian economy in the recent past. The results have paved the way for a stable government for next 5 years and will now enable the government to under take reforms in an unhindered manner, including some of the hard decisions it failed to implement earlier. Therefore, the government will now continue to focus on: • Growth and development, • Reforms to attract large foreign capital flows, • Heavy investments in infrastructure, • Continued investments in the rural economy, etc. (Source: Media Reports) This in turn could boost the confidence of the corporate sector to invest and the consumers to spend leading to jump-star ting the Indian economy. The bounce that we have seen in the capital markets subsequently is testimony to the euphoric sense of the market. What are the likely impacts? •   Major focus and reforms expected in the infrastructure sector. •   Better financing facilities for infrastructure. •   Private infrastructure developers to benefit by way of PPP for infrastructure projects. Why invest in Infrastructure sector? •   India is one of the world's fastest growing economies. In the whole Indian economy grew at the rate of 6.7 percent for the year 2008-09. (Source: Economic Times) • As per the 11th Five Year Plan, more than US$500 billion worth of investment is planned to flow into India's infrastructure by 2012. • Robust participation from private • India faces a huge infrastructure deficit and can absorb massive investments. • Lower input commodity prices will be favorable for investors. One should remember that India's economic growth is closely knit with its infrastructure development and hence focus is bound to shift towards it. Why invest in Tata Infrastructure Fund? •   Tata Infrastructure Fund has been among the pioneers in its category. Tata Infrastructure Fund was launched as early as November 2004 with a view to capitalize on the fact that infrastructure development was a precursor to economic growth. • The fund aims to invest in a mix of large-cap and mid-cap stocks in order to deliver optimized returns. Large-cap companies provide stability to the portfolio while mid-cap companies provide high growth potential so that the scheme can provide above-average returns over the long-term horizon. • Tata Infrastructure Fund has secured a 5-star rating in the Diversified Equity Funds category, from Value Research (www.valueresearchonline.com), as on 31st May 2009. Furthermore, the scheme's return grade qualified as 'High' while its risk grade was 'Average' (past performance is no guarantee of future results) The Fund aims to combine our expertise in stock picking with a powerful investment theme. How has the fund performed Performance at a Glance (%) CAGR as on May 31, 2009 Since Inception Last 3 Years Last 1Year 26.15 13.46 -13.59 Past Performance of the Scheme may or may not be sustained in future. Returns are given for growth option. Benchmark Return (SENSEX) Last 1 year -10.91%, Last 3 years 12.03%, Since Inception 19.73%. Date of Inception: December 31, 2004 Dividend History: The scheme's cumulative dividend payout since inception has been commendable at 69.50%, which means a sum of Rs. 10 invested at inception would have returned Rs. 6.95 by way of dividends in addition to capital appreciation. The scheme has already declared 5 dividends in more than 3.5 years as can be seen below:- Dividend Per unit value (on face value of Rs. 10/-) NAV (Rs.) (Date of Declaration of dividend) 4.50 15.00 20.00 20.00 10.00 0.45 1.50 2.00 2.00 1.00 11.4230 (07/07/2005) 22.0400 (10/11/2006) 19.0546 (09/03/2007) 24.0726 (14/09/2007) 24.6787 (11/03/2008) Past Performance of the Scheme may or may not be sustained in future. Fund Facts: Top 10 Equity Exposure as on May 31, 2009 Scrip Name % of Net Asset State Bank Of India Bharat Heavy Electricals Ltd. Reliance Industries Ltd. HDFC Bank Ltd. Bharti Airtel Ltd. Larsen & Toubro Ltd. IVRCL Infrastructures Jai Prakash Associates Limited GVK Power & Infrastructure Ltd. ICICI Bank Ltd. Other Equities Cash & Others Total 6.09 5.66 5.49 5.48 3.46 3.23 2.82 2.35 2.33 2.16 56.34 4.59 100.00 Sector Allocation Investors can participate in this potentially promising sector and create long-term value for their investment in the Tata Infrastructure Fund. Call us at: 0-9818-26-9396 Website: www.tatamutualfund.com

Nature and Investment objective: An open ended equity scheme. The investment objective is to provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instrument of companies in infrastructure sector. Applicable Loads: Entry Load (other than SIP): For each investment amount less than Rs 2 cr: 2.25%; For each investment amount greater than or equal to Rs 2 cr: Nil. Exit Load (other than SIP): For each investment amount less than Rs. 2 crs: 1% if redeemed on or before expiry of six months from the date of allotment. For each investment amount greater than or equal to Rs. 2 crs: NIL. Entry load for SIP*: 2.25%. Exit Load for SIP*: If redeemed on or before expiry of 24 months from the date of allotment: 1.00%. If redeemed after 24 months Nil. *The above SIP load structure would be applicable for SIP amount upto Rs 50 lakhs per installment. For SIP installment above Rs 50 Lakhs, the prevailing load structure for investment other than SIP will be applicable. No entry load shall be charged for direct purchase/switch in applications accepted by the AMC. Statutory Details: Constitution: Tata Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Sponsors & Settlors: Tata Sons Ltd., Tata Investment Corporation Ltd. Investment Manager: Tata Asset Management Ltd. Trustee: Tata Trustee Co. Pvt. Ltd. Risk Factors: Mutual Fund and securities investments are subject to market risks and there can be no assurance and no guarantee that the scheme will achieve its objectives. As with any investment in stocks, shares and securities the NAV of the units issued under the scheme can go up or down, depending upon the factors and forces affecting the capital market. Past performance of the previous Schemes, the Sponsors or its Group affiliates is not indicative of and does not guarantee the future performance of the Scheme. Tata Infrastructure Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects or the returns. The sponsors are not responsible or liable for any loss resulting from the operations of the scheme beyond the initial contribution of Rs.1 lac made by them towards setting up the Mutual Fund. Investment in fixed income securities are subject to interest rate risk, credit risk and liquidity risk. The scheme being sector specific will be affected by risks associated with the Infrastructure Sector . Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the por \tfolio. Risks in using derivatives include the risk of default of counter party, mis-pricing and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. This is not a guaranteed return scheme. For scheme specific risk factors and other details please read the Scheme Information Document & Statement of Additional Information of the scheme carefully before investing.