TATA MULTI ASSET ALLOCATION FUND

Tata Mutual FundHybridPortfolio as of 31 July 2026

TATA MULTI ASSET ALLOCATION FUND holds 116 instruments (64.08% equity), led by HDFC Bank Limited (3.61%), Reliance Industries Limited (3.58%) and Bharti Airtel Limited (2.79%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

116

Equity Allocation

64.08%

AMC

Tata Mutual Fund

Portfolio Analysis

TATA MULTI ASSET ALLOCATION FUND's top 10 holdings account for 21.36% of its portfolio, more diversified than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 22.97% of net assets, spread across 13 sectors in total. Since its 30 June 2026 disclosure, the fund added 6 new positions and exited 4 positions, with ETERNAL LIMITED seeing the largest move (-0.54pp to 0.32%).

Top 10 Equity Holdings

HDFC Bank Limited · 3.61%Reliance Industries Limited · 3.58%Bharti Airtel Limited · 2.79%ICICI Bank Limited · 2.6%State Bank of India · 1.58%The Federal Bank Limited · 1.52%Niva Bupa Health Insurance Company Limited · 1.48%Vedanta Aluminium Metal Limited · 1.44%Axis Bank Limited · 1.39%Kotak Mahindra Bank Limited · 1.37%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

6 new entries4 exits9 increased9 reduced

New Entries

CUBE HIGHWAYS TRUST · 0.99%Star Health and Allied Insurance Company Limited · 0.75%Siemens Limited · 0.5%Healthcare Global Enterprises Limited · 0.37%Oil & Natural Gas Corporation Limited · 0.28%GE Vernova T&D India Limited · 0.17%

Complete Exits

Aster DM Healthcare Limited · was 0.78%R R Kabel Limited · was 0.55%Brigade Enterprises Limited · was 0.29%Exide Industries Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
HDFC Bank Limited	3.09% → 3.61%	▲ +0.52
Vedanta Aluminium Metal Limited	0.94% → 1.44%	▲ +0.5
Reliance Industries Limited	3.28% → 3.58%	▲ +0.3
Tata Consultancy Services Limited	0.49% → 0.69%	▲ +0.2
Max Financial Services Limited	0.72% → 0.91%	▲ +0.19
Adani Energy Solutions Limited	0.86% → 1.04%	▲ +0.18
L&T Finance Limited	0.73% → 0.87%	▲ +0.14
Bharti Airtel Limited	2.66% → 2.79%	▲ +0.13
Dr. Lal Path Labs Ltd.	0.86% → 0.98%	▲ +0.12

Biggest Weight Reductions

Stock	Weight	Change
ETERNAL LIMITED	0.86% → 0.32%	▼ -0.54
Hindustan Unilever Limited	0.33% → 0%	▼ -0.33
Adani Power Limited	0.89% → 0.73%	▼ -0.16
Thermax Limited	0.81% → 0.66%	▼ -0.15
Axis Bank Limited	1.54% → 1.39%	▼ -0.15
Indus Towers Limited	0.75% → 0.62%	▼ -0.13
Physicswallah Limited	0.73% → 0.6%	▼ -0.13
Bank of Baroda	0.83% → 0.73%	▼ -0.1
Adani Ports and Special Economic Zone Limited	1.3% → 1.2%	▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

HDFC Bank Limited

3.61%

Reliance Industries Limited

3.58%

Bharti Airtel Limited

2.79%

ICICI Bank Limited

2.6%

State Bank of India

1.58%

Full Portfolio (116 holdings)

#	Holding	Sector	% to NAV
1	J) REPOtreps	—	7.94%
2	Tata Gold Exchange Traded Fundmf	—	5.56%
3	GOLD (1 KG-1000 GMS) COMMODITY^other	—	3.96%
4	HDFC Bank Limited	Financial Services	3.61%
5	Reliance Industries Limited	Energy	3.58%
6	Bharti Airtel Limited	Telecommunication	2.79%
7	ICICI Bank Limited	Financial Services	2.6%
8	Tata Silver Exchange Traded Fundmf	—	2.13%
9	State Bank of India	Financial Services	1.58%
10	The Federal Bank Limited	Financial Services	1.52%
11	Niva Bupa Health Insurance Company Limited	Financial Services	1.48%
12	Vedanta Aluminium Metal Limited	Diversified	1.44%
13	(I) TREPStreps	—	1.41%
14	Axis Bank Limited	Financial Services	1.39%
15	Kotak Mahindra Bank Limited	Financial Services	1.37%
16	Larsen & Toubro Limited	Industrials	1.3%
17	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	1.24%
18	Adani Ports and Special Economic Zone Limited	Services	1.2%
19	Cummins India Limited	Industrials	1.16%
20	PB Fintech Limited	Financial Services	1.13%
21	RBL Bank Limited	Financial Services	1.09%
22	Tata Steel Limited	Materials	1.05%
23	Adani Energy Solutions Limited	Utilities	1.04%
24	SILVER (30 KG) COMMODITYother	—	1.04%
25	Acme Solar Holdings Limited	Utilities	1.03%
26	Mahindra & Mahindra Limited	Consumer Discretionary	1.02%
27	CUBE HIGHWAYS TRUST	Real Estate	0.99%
28	Dr. Agarwal's Health Care Limited	Healthcare	0.98%
29	Dr. Lal Path Labs Ltd.	Healthcare	0.98%
30	7.10% Central Government Securitiesbond	—	0.97%
31	JINDAL STEEL LIMITED	Materials	0.96%
32	Power Finance Corporation Limited^bond	—	0.96%
33	MUTHOOT FINANCE LTD - - FRBbond	—	0.96%
34	6.94% Central Government Securitiesbond	—	0.95%
35	COPPER (2500 KGS) COMMODITYother	—	0.94%
36	UltraTech Cement Limited	Materials	0.92%
37	FEDBANK FINANCIAL SERVICES LTD - CPbond	—	0.92%
38	Max Financial Services Limited	Financial Services	0.91%
39	PILANI INVESTMENT & INDUSTRIES CORPORATION LTD - CPbond	—	0.91%
40	NTPC Limited	Utilities	0.89%
41	L&T Finance Limited	Financial Services	0.87%
42	Hero MotoCorp Limited	Consumer Discretionary	0.86%
43	Le Travenues Technology Limited	Consumer Discretionary	0.84%
44	Marico Limited	Consumer Staples	0.83%
45	Infosys Limited	Information Technology	0.79%
46	Bajaj Finance Limited	Financial Services	0.77%
47	Tata Capital Limited	Financial Services	0.75%
48	Star Health and Allied Insurance Company Limited	Financial Services	0.75%
49	Adani Power Limited	Utilities	0.73%
50	Bank of Baroda	Financial Services	0.73%
51	Wockhardt Limited	Healthcare	0.73%
52	Godrej Properties Limited	Real Estate	0.72%
53	Apollo Hospitals Enterprise Limited	Healthcare	0.72%
54	5.00% GMR Airports Limitedbond	—	0.7%
55	Tata Consultancy Services Limited	Information Technology	0.69%
56	Thermax Limited	Industrials	0.66%
57	Oil India Limited	Energy	0.66%
58	Tech Mahindra Limited	Information Technology	0.62%
59	Indus Towers Limited	Telecommunication	0.62%
60	Physicswallah Limited	Consumer Discretionary	0.6%
61	CRUDE OIL (100 BARRELS) COMMODITY^other	—	0.6%
62	Sun Pharmaceutical Industries Limited	Healthcare	0.59%
63	Prestige Estates Projects Limited	Real Estate	0.57%
64	Bajaj Finserv Limited	Financial Services	0.57%
65	Bharat Petroleum Corporation Limited	Energy	0.57%
66	6.79% Central Government Securitiesbond	—	0.57%
67	Pine Labs Limited	Financial Services	0.56%
68	Afcons Infrastructure Limited	Industrials	0.56%
69	Ambuja Cements Limited	Materials	0.55%
70	Tega Industries Limited	Industrials	0.54%
71	ICICI Lombard General Insurance Company Limited	Financial Services	0.54%
72	COPPER (2500 KGS) COMMODITY^other	—	0.54%
73	Paradeep Phosphates Limited	Materials	0.51%
74	Siemens Limited	Industrials	0.5%
75	The Ramco Cements Limited	Materials	0.49%
76	ALUMINIUM (5 MT-5000 GMS) COMMODITY^other	—	0.49%
77	07.45 % REC LTDbond	—	0.48%
78	7.80% National Bank for Agriculture and Rural Development (MD )bond	—	0.48%
79	Small Industries Development Bank of India - 7.34%bond	—	0.48%
80	8.20% Adani Power Limitedbond	—	0.48%
81	KEC International Limited	Industrials	0.47%
82	6.48% Central Government Securitiesbond	—	0.47%
83	HDFC Life Insurance Company Limited	Financial Services	0.45%
84	Graphite India Limited	Industrials	0.44%
85	ITC Limited	Consumer Staples	0.42%
86	Gravita India Limited	Materials	0.42%
87	WeWork India Management Limited	Industrials	0.39%
88	7.26% Government of India (MD )bond	—	0.39%
89	7.18% Government of India (MD )bond	—	0.39%
90	Healthcare Global Enterprises Limited	Healthcare	0.37%
91	08.83 % LIQUID GOLD SERIES 18 - ^^bond	—	0.35%
92	ETERNAL LIMITED	Consumer Discretionary	0.32%
93	Five-Star Business Finance Limited	Financial Services	0.3%
94	Oil & Natural Gas Corporation Limited	Energy	0.28%
95	6.33% Government of India (MD )bond	—	0.27%
96	7.02% Central Government Securitiesbond	—	0.26%
97	SGS MAHARASHTRA 6.77%bond	—	0.18%
98	GE Vernova T&D India Limited	Industrials	0.17%
99	SGS TAMILNADU 7.44%bond	—	0.17%
100	H.G. Infra Engineering Limited	Industrials	0.16%
101	Maruti Suzuki India Limited	Consumer Discretionary	0.15%
102	7.18% Government Securitiesbond	—	0.11%
103	7.80% HDFC Bank Ltd. (MD )bond	—	0.1%
104	SGS WEST BENGAL 7.48%bond	—	0.08%
105	SGS UTTAR PRADESH 7.46%bond	—	0.06%
106	SGS MAHARASHTRA 7.48%bond	—	0.03%
107	7.63% State Government Securities 2036bond	—	0.03%
108	7.63% Maharashtra SDL Mat 310135^bond	—	0.02%
109	GOI - 5.77%bond	—	0.01%
110	Hindustan Unilever Limited	Consumer Staples	0%
111	IndusInd Bank Limited	Financial Services	0%
112	PI Industries Limited	Materials	0%
113	Kwality Wall's (India) Limited	Consumer Staples	0%
114	SILVER MINI (5 KGS) COMMODITY^other	—	-0.02%
115	SILVER (30 KG) COMMODITY^other	—	-1.03%
116	NET CURRENT LIABILITIESother	—	-4.62%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 3.61% of TATA MULTI ASSET ALLOCATION FUND's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 3.58% of TATA MULTI ASSET ALLOCATION FUND's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 2.79% of TATA MULTI ASSET ALLOCATION FUND's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 2.6% of TATA MULTI ASSET ALLOCATION FUND's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, State Bank of India is 1.58% of TATA MULTI ASSET ALLOCATION FUND's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Tata Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.