Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Own a piece of India™

Huge infrastructure deficit in India

Need for revamp of infrastructure in India is well known and understood.

India ranks 85 out of 144 countries in terms of infrastructure quality with

inadequate supply of infrastructure according to a NITI Ayog report.

Hence, large investments in infrastructure on the anvil

The government has made revival of infrastructure sector in India as one

of its top priorities. The government has taken number of steps to increase

the attractiveness of this sector for investors and revive investment cycle

in India. However, with private sector still having distressed balance

sheets, the revival in investment cycle will have to be kick started by

government. Government has launched number of flagship schemes

which should drive huge investments on the ground. Some key schemes

are:

1. Smart Cities and AMRUT – US$ 15bn

2. Railways – US$ 130bn over 2015-19

3. Renewables –Solar power capacity to 100GW from 4GW by FY22

4. Roads – 30km per day of road construction

Make in India

Make in India is another key initiative of the Central Government. The

government recognizes importance of manufacturing for the economy

and has ambitious plans to make India as a global manufacturing hub.

Defence is a key sector where the focus is more intense as India is the

largest importer of arms in the world with US$ 5.6bn of imports in 2014.

Thrust on increasing indigenization will open up a hitherto untapped

market for Indian companies.

Private sector to play an increasing role

Need for private participation in infrastructure development is now well

acknowledged. Private participation has been encouraged by all

governments, irrespective of political orientation. There have been

challenges and some setbacks but private sector will continue to play an

increasingly important role in the development of Indian infrastructure.

Opportunity to play across the value chain

With large investments being planned in the infrastructure sector it will

benefit diverse sub sectors. Thus there is a huge investment universe

across

Suppliers

Contractors

Asset owners

Financiers

Source: NITI Ayog, SIPRI, Rail Budget FY15-16, Ministry of new and renewable energy,

Ministry of road transport and highways, TAML Research

*This Product is suitable for investors who are seeking long term capital appreciation and investment in equity/equity related

instruments of the companies in

• Infrastructure sector in India through Tata Infrastructure Fund*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

OWN A PIECE OF INDIATM

OFFERING A 5+1 SCHEME FROM TATA MUTUAL FUND

TATA INFRASTRUCTURE FUND(An Open Ended Equity Scheme)

Investment cycle will necessarily have to be jump

started by the government capex as private sector

balance sheets remain stretched and capacity

utilisation is very low across sectors like power, cement

and metals.

Thus the recovery will not be even across sectors. The

chart below shows the expected time line for take-off in

capex for different sub sectors and government

schemes.

Expected capex recovery

Source: B&K Securities, August 2015

Expected Investments In Infrastructure – US$356 bn Over

2018 And Counting…

Infrastructure will see an investment of US$ 356bn over

FY16-18. Investment momentum will continue well beyond

FY18 as impact of government's reforms drive helps revive

distressed sectors like power generation and metals.

Details of expected capex spends over next few years (Rs bn)

Source: Kotak Securities, October 2015

Giving Large opportunity to play across the value chain

Suppliers

Contractors

Asset owners

Financiers

India Infrastructure : Clouds Receding

After going through a lean phase, India infrastructure

sector has once again started to look up.

Various policy initiatives by the government have laid

the groundwork for recovery of the sector.

Source: B&K Securities, August 2015

Green shoots are already visible with a pickup in new

project announcements and reduction in the quantum

of shelved/stalled projects.

YTDFY 15 - April 2014 to September 2014

YTDFY 16 - April 2015 to September 2015

Source: Kotak Securities

Distributed by:

INR 8.6 trn opportunity in Renewables over FY15-22

Solar power capacity is expected to go up to 100GW by

FY22 from 4GW in FY15 leading to investment of Rs

6.2tn over the same time period.

Opportunity in renewables (Rs bn)

Source: Kotak Securities, October 2015

Railways: Another INR 8.6 trillion opportunity

Indian Railways envisages Rs 8.56 trillion investments

in five years: After decades of dry spell for investment in

railways, IR is targeting to step up the investments with

a plan to spend Rs8.56 trn in 5 years (FY16-FY20), which

is a jump of over 3.3x from the previous five years.

E= Estimate, Source: JM Financial Research, October 2015

Defence: Make in India in action

Reducing import dependence for military equipment is a

top priority for NDA government. To begin with the

government is planning to award Rs 2.4 trillion of

projects to Indian companies.

Source: Kotak Securities, October 2015

Roads : Low hanging opportunity

Various steps have been taken by the government to

encourage private investments back into the road

sector. The ministry has an ambitious target of 30km of

road construction per day and going by the recent

increase in order awards, the target may well be

achieved.

*National Highways Development Project, Source: Kotak Securities

Smart Cities: The Next big Idea

The mission will cover 100 cities through the duration of

5 years from FY2015-16 to FY2019-20. The central

government will provide financial support of Rs 480bn

over the five years, which amounts to ~Rs1bn per city

per year. Additional Rs 500bn will be spent on Atal

Mission for Rejuvenation and Urban Transformation

(AMRUT) covering 500 towns.

Infrastructure subsectors benefiting from the project

Source: Kotak Securities, October 2015

Disclaimer: Data / Views given in this document are based on the information obtained from various sources. There is no assurance that the infrastructure sector will perform as per the expectations/projections given. Uncertain future events may have an adverse impact on the infrastructure sector. Companies mentioned in this presentation is for information purposes only and not to be construed as an indicative portfolio of the scheme.

225 285 533

1,539

2,557

8,560

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

FY91-95 FY96-00 FY01-05 FY06-10 FY11-15 FY16-20

(Rsbn)

System Cost (Rs bn) Remarks

Tactical Communications System (TCS) 200 Under “Make” category

Battlefield Management System (BMS) 500 Under “Make” category

Future Infantry Soldier as System (F-INSAS) 100 Under “Make” category

Six conventional submarines (Project 75 I) 600 Being processed

150 Advanced Medium Combat Aircraft 1,000 Develop and build

NHDP offers a Rs 2 tn incremental opportunity for 4/6 laning awards4/6 laning awards opportunity from NHDP as ofJuly 31, 2015 (Kms)

4/6 laning kms

to be awarded

NHDP phase (kms) Comment

Phase III 2,494

12,000 kms programme with 6,000 kms

completed and 4,300 kms under implementation

Phase IV 5,597

8,000 kms ceiling on four lane-awards with

4,000 kms already awarded

Phase V 2,819

6.500 kms programme with 1,800 kms awarded

and 2,300 kms cunder implementation

Total new opportunity 10,910

Projects cancelled 3,487 Based on NHAI data

Stuck 2,228 KIE analysis of slow moving projects

Rebid/substitution opportunity 5,715

Total opportunity 16,625 May get realized over a 3-4 year period

Business opportunity (Rs bn) 1,995

Sector Smart solutions Players

1 Infrastructure construction High capacity roads / highway

construction, automatic toll collection

systems, smart check posts,

underground utility networks, etc.

Larsen & Toubro, Reliance Infrastructure, HCC,Punj Lloyd, Gammon Infra, IVRCL,

Patel Engg., Simplex, Sadbhav Engineering, Nagarjuna, ITD Cementation,Shriram

EPC, ECE, Gayatri, SPML Infra, Om Metals Infraprojects, Ramky,Madhucon,

Pratibha, Vascon Eng, ARSS Infra, Ashoka Buildcon, Unity Infra, Ahluwalia contracts,

IL&FS

2 Building construction Construction of educational institutes

and healthcare facilities

Larsen & Toubro, Ahluwalia Contractors, BL Kashyap, CCCL, Man Infra, Supreme,

Unity Infraprojects

3 Power T&D High efficiency T&D networks, including

UHV transformers, transmission lines

and HVDC equipment

ABB, Siemens, Crompton Greaves, Alstom T&D, Schneider Electric

4 Power back-up Backup generators Cummins India, Kirloskar Oil Engines, Ashok Leyland, Greaves Cotton

5 Smart Grid Automatic load balancing, renewables

feed-through, smart metering, etc.

ABB, Siemens, Crompton Greaves, Alstom, Schneider Electric, Larsen & Toubro

6 MEP / HVAC Climate control solutions including large-

scale district heating and cooling

systems

Voltas, Blue Star, Larsen & Toubro, Hitachi

7 Water & effluent treatment Water purification, recycling,

conservation

Thermax, VA Tech Wabag, Hindusthan Dorr Oliver, Ion Exchange, Voltas, SPML,

Engineers India

8 Transportation infrastructure Metro rail, mono-rail and other mass

transit systems, intelligent traffic

management

Larsen & Toubro, Reliance Infrastructure, BEML, Siemens, ABB, BHEL, Alstom,

Texmaco

9 Low income housing Housing for poor and other realty

projects

NBCC, HDIL, NBFC companies

E

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

OWN A PIECE OF INDIATM

OFFERING A 5+1 SCHEME FROM TATA MUTUAL FUND

NEW FUND OFFER OPENS ON:04 DECEMBER, 2015

#EXISTING SCHEME AVAILABLE FOR SUBSCRIPTION ON ALL BUSINESS DAYS AT NAV BASED PRICE

NEW FUND OFFER CLOSES ON: 18 DECEMBER, 2015

*These Products are suitable for investors who are seeking long term capital appreciation and investment in equity/equity related

instruments of the companies in

• Banking and Financial Services sector in India through Tata Banking & Financial Services Fund

• Consumption Oriented sectors in India through Tata India Consumer Fund

• Information Technology sector in India through Tata Digital India Fund

• Pharma & Healthcare sectors in India through Tata India Pharma & Healthcare Fund

• Resources & Energy sectors in India through Tata Resources & Energy Fund

• Infrastructure sector in India through Tata Infrastructure Fund *Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

www.ownapieceofindia.co.in

TATA BANKING &FINANCIAL SERVICES FUND

(An Open Ended Banking & Financial Services Sector Scheme)

TATA DIGITAL INDIA FUND(An Open Ended InformationTechnology Sector Scheme)

TATA INDIA CONSUMER FUND(An Open Ended Consumption

Oriented Sector Scheme)

TATA INFRASTRUCTURE FUND#(An Open Ended Equity Scheme)

TATA RESOURCES &ENERGY FUND

(An Open Ended ResourcesAnd Energy Sector Scheme)

TATA INDIA PHARMA & HEALTHCARE FUND(An Open Ended Pharma And

Healthcare Services Sector Scheme)