Tata Instrusture Tax Saving Fund _one Pager

Introducing India’s First Tax Saving Infrastructure Mutual Fund Scheme.

NFO Closes: 16th March 2009. Units at Rs. 10/- each plus loads

INFRASTRUCTURE TAX SAVING (A 10 years closed ended Equity Linked Savings Scheme (ELSS) with a compulsory lock-in period of 3 years.)

It's that time of the year when tax saving planning comes to the fore. Now is the time to thoughtfully consider tax saving strategies. The recent global developments and the economic downturn over the past few months have provided opportunities for creative tax planning.

Introducing Tata Infrastructure Tax Saving Fund Tata Mutual Fund has been among the pioneers in the infrastructure mutual fund space with innovative funds like the Tata Infrastructure Fund, Tata Indo – Global Infrastructure Fund and Tata Growing Economies Infrastructure Fund. Now Tata Mutual Fund brings you India's first Mutual Fund to give you the twin advantages of tax saving and potential growth of the Infrastructure sector - Tata Infrastructure Tax Saving Fund

Why Tata Infrastructure Tax Saving Fund Recent global developments over the past few months have had their impact on Indian equity markets leading to correction in many sectors including infrastructure sector. Governments across the world have been playing an

active role in rejuvenating and stimulating their economies. In India too, given the concern about weakening economic growth, we believe the government will start to push for infrastructure investment to pump-prime the economy. Change is clearly on the horizon for the Indian economy. Many of the concerns that were surrounding inflation and the credit crunch appear to be easing out. Inflation is on a downward trend. Interest rates too may see some downward movement to further stimulate the economy. Infrastructure investment is likely to see renewed growth. The prices of commodities too are moving in a downward spiral. Oil has come down from a high of USD 145 to USD 45. Steel and cement too have witnessed severe price destruction. All this bodes well for the infrastructure sector as these commodities are key inputs. Much of infrastructure in India is still to be built. Poor infrastructure continues to be one of the most significant threats to India's growth in the immediate future. Experts say India's GDP can slow down by as much as 2% if the country does not invest in the infrastructure space in the coming years. (Source: www.livemint.com)

Experts feel investment in viable infrastructure projects could be the catalyst that would help build a momentum towards our economic recovery. The government stimulus package may lead to flow of credit to infrastructure sector.

Transparency of operation / NAV Disclosure: As per ELSS Guidelines, the first NAV of the scheme shall be declared after one year from the date of allotment. Thereafter NAV shall be declared on all business days.

While near-term performance of infrastructure securities may continue to be impacted by broader equity market movements and macro economic concerns, these businesses are generally sound. The need to build quality infrastructure to stimulate the economic growth trajectory would require a significant amount of spending in the infrastructure space. This, in turn, would help create wealth for infrastructure companies going forward.

Loads: Entry Load: For each investment amount of less than Rs. 2 Crore: 2.25% For each investment amount of greater than or equal to Rs. 2 Crore: Nil, Exit Load: Nil.

Tata Infrastructure Tax Saving Fund is a tax savings opportunity which allows you to invest at market levels which are currently way below all time highs seen in January 2008. Besides you can also save tax on investments upto Rs 1 lakh under Section 80C of the Income Tax Act, 1961.

How much tax can you save? Under section 80C of the Income tax, an investment of Rs. 1 lakh into an ELSS like Tata Infrastructure Tax Saving Fund qualifies for a deduction of Rs. 1 lakh from the taxable income irrespective of the income slab. Thus, a person in 30% tax slab can save income tax up to Rs. 30,900 (or Rs. 33,990 if annual income exceeds Rs. 10,00,000) by investing Rs. 1,00,000 in an ELSS like Tata Infrastructure Tax Saving Fund.

Minimum subscription under Dividend & Growth Option: Rs.500/- and in multiples of Rs.500/- thereafter. Duration of the Schemes: The duration of the scheme is ten years. The units under the scheme stand automatically redeemed on maturity. Investment Options: Growth Option and Dividend Option (payout / reinvestment). Units issued by dividend reinvestment will also be subject to a lock-in period of 3 years from the date of allotment or maturity of the scheme whichever is earlier. Tax benefit however, may not be available to units issued on account of dividend reinvested.

Investment pattern Under normal circumstances, the total assets of the Scheme, shall (after providing for all ongoing expenses) generally be invested / the indicative asset allocation shall be as follows: Proportion** (% of Funds Available / Net Assets)

This applies for individuals and HUFs. As there are no instrument wise limits, you can now invest Rs. 1 lakh entirely in any ELSS. Tata Infrastructure Tax Saving Fund is one such option for investment. Investors are advised to consult their tax advisor with respect to the specific tax implications arising by investing in this scheme. Tata Asset Management Limited or Tata Mutual Fund does not guarantee nor does it accept any liability for a different interpretation of the above benefit under Section 80C by the Income Tax Authorities.

Instrument

Minimum

Maximum

80

100

Equity and equity related instruments of companies in infrastructure and infrastructure related sectors

65

100

Debt, money market and securitized debt instruments*.

0

20

Equity and equity related instruments Out of above:

Risk Profile High

Low to Medium

* The Scheme will invest in securitized debt upto 20% of the Net Assets of the scheme only if it is permitted under the ELSS Guidelines in future. ** At the time of investment

Highlights / Summary of the Scheme Name of the Scheme: Tata Infrastructure Tax Saving Fund (TITSF) Type of Scheme: A 10 years close ended equity linked saving scheme with a compulsory lock-in period of three years. Investment Objective: The investment objective of the scheme is to seek to provide medium to long term capital gain by investing predominantly in equity / equity related instruments of the companies in infrastructure and infrastructure related sectors along with the income tax benefit to its unitholders.

Distributed by:

Drashti Investments [email protected]

Benchmark: BSE SENSEX

OUR BRANCHES West Zone:- Ahmedabad: (079) 65418989/ 65447799 Fax No. (079) 26466080, Bhopal: (0755) 4229379 / 4273914 / 2574198 Goa: (0832) 6451135/36/2422135, Indore: (0731) 4201806, Jabalpur: (0761) 4074263, Mumbai: (022) 66315191/92/93, Borivali: (022) 65278852, Nagpur: (071) 2663 0245 / 2650 2885, Nashik: (0253) 6605138, 6510315, Pune: (020) 30288775, 64005932, Rajkot: (0281) 6624848, 6544949, Surat: (0261) 6554418/19, Vadodara: (0265) 6641888/2356114. East Zone:- Bhilai: (0788) 2295625, Bhubaneshwar: (0674) 2533818, Dhanbad: 9234302478, (0326) 2300304, Durgapur: 9932241935, Guwahati: (0361) 2343084, Jamshedpur: (0657) 2756021/22/23/30, Kolkata: (033) 22881534/22883413/5, Patna: (0612) 2206497/6450120, Raipur: (0771) 2543354, Ranchi: (0651) 2330704/ 2330226. North Zone:- Agra: (0562) 2525195, Allahabad: (0532) 6451122, Chandigarh: (0172) 5087322/6450322/2605320, Dehradun: (0135) 6450877, Delhi: (011) 66324111/02/03/04/05, Jaipur: (0141) 5105177/78, 2389387, 6539009, Jalandhar: ( 0181) 5001024/25, Jodhpur: (0291) 6450555, 2631257, Kanpur: (0512) 2306066, Lucknow: (0522) 6452432, 4001731, Ludhiana: (0161) 5089667, 6503366, Moradabad: (0591) 2313567, 6535002, Udaipur: (0294) 6450979, 2429371, Varanasi: (0542) 6544655. South Zone:- Bangalore: (080) 66561313, 65335986/87, Calicut: (0495) 6450508, Chennai: (044) 64541868/69/78,64541863/64, Cochin: (0484) 2377580,6533107,6467813/14/15/16, Coimbatore: (0422) 6502133/44,4365635, Hyderabad: (040) 65961237/38,65548290, Madurai: (0452) 6454330, Mangalore: (0824) 6450308, Mysore: (0821) 6450470, Vijaywada: (0866) 6532621, Vishakapatnam: (0891) 6451883, Thrissur: (0487) 6451286, Kottayam: 9447559230, Hubli: (0836) 6450342, Salem: (0427) 6451653, Trichy: (0431) 6455060, Thiruvananthapuram: (0471) 6535431/2319139.

Statutory Details: Constitution: Tata Mutual Fund (TMF) has been set up as a Trust under the Indian Trust Act 1882. Sponsors: Tata Sons Limited and Tata Investment Corporation Limited. Trustee: Tata Trustee Company Pvt. Ltd. Investment Manager: Tata Asset Management Ltd. Risk Factors: • All investments in Mutual Funds and securities are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. •As with investment in stocks, shares and securities, the NAV of the Scheme can go up or down depending on factors and forces affecting the Capital Market. • Past performance of the previous schemes, the sponsors or its group affiliates are not indicative of and do not guarantee future performance of the Scheme. •The Sponsors are not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1 Lac made by them towards setting up the mutual fund. • Investors in the scheme are not being offered any guaranteed or assured rate of return.• Tata Infrastructure Tax Saving Fund is only the name of the scheme and does not in any manner indicate either the quality of the schemes, its future prospects or returns. •The scheme being sector specific will be affected by risks associated with the Infrastructure Sector. • The scheme is not offering any assured / guaranteed returns to Investors. • For scheme specific risk factors and other details please read the Scheme Information Document (SID) / Statement of Additional Information (SAI) / Key Information Memorandum (KIM) carefully before investing. • Copy of SID and KIM along with application form may be obtained from the office of Tata Mutual Fund, Mulla House, Ground Floor, 51 M.G. Road, Near Flora Fountain, Mumbai-400 001 or at your nearest collection centres. As per SEBI circular dated 31st December, 2007 no entry load shall be charged for direct purchase/switch-in applications accepted by the AMC.

12/2008

Call us at: 1800-209-0101 SMS: TMF to 57575 E-mail: [email protected] Website: www.tatamutualfund.com