monthly factsheet - february 2019 - axis mf · 2019-03-12 · *current portfolio allocation is...

MONTHLY FACTSHEET - FEBRUARY 2019

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

Investors understand that their principalwill be at moderately high risk

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Axis Long Term Equity Fund(An open-ended equity linked saving scheme with a statutory lock in of 3 year and tax benefit)This product is suitable for investors who are seeking*:

• Capital appreciation & generating income over long term.• Investment in a diversified portfolio predominantly consisting of equity and equity related instruments.*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

ELSS investment is subject to lock-in for 3 years.**As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to ̀ 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961. Tax Savings of ̀ 46,800 shown above is calculated for the highest income tax slab.Please refer to the Scheme Information Document for the detailed Asset Allocation and Investment Strategy. The percentages given are indicative and the actual percentage may vary. *Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Statutory Details: Axis Mutual Fund, sponsored by Axis Bank Ltd., has been established as a Trust under the Indian Trusts Act, 1882 (liability restricted to ̀ 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Company. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the schemes.

When you have invested your time in deriving something good, you should also hold on to it for better results in the long term which is an act of being a responsible investor. Axis Long Term Equity Fund, an Equity Linked Saving Scheme (ELSS) offers twin benefits of building wealth while saving tax, so that you can plan for your long term goals like retirement, second house, child's future or even accumulating wealth for your future.

An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Helps claim deduction up to ` 1.5 lakhs under Section 80C of the IT Act**

Save up to 46,800

in taxes** `

One of the lowest lock-in period of 3 years

Features

The fund endeavors to maintain a mix of large and mid cap stocks. Typically, it may maintain between 50-100% in large caps and the rest in midcaps.

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

6

Equity Outlook 7Axis Bluechip Fund 8Axis Focused 25 Fund 9Axis Midcap Fund 10Axis Long Term Equity Fund 11

Axis Arbitrage Fund 36

Fixed Income Outlook 15Axis Liquid Fund 16

Axis Dynamic Bond Fund 20

Axis Strategic Bond Fund 22Axis Credit Risk Fund 23

Axis Banking & PSU Debt Fund 25

Axis Equity Saver Fund 28

Axis Regular Saver Fund 33

Axis Children’s Gift Fund 34Axis Triple Advantage Fund 35

Axis Treasury Advantage Fund 18Axis Short Term Fund 19

Axis Gilt Fund 24

Tax Reckoner 2

Axis Corporate Debt Fund 21

Axis Dynamic Equity Fund 30

Hybrid Outlook 26

Axis Multicap Fund 12

Axis Ultra Short Term Fund 17

Axis Equity Hybrid Fund 32

Axis Small Cap Fund 13Axis Growth Opportunities Fund 14

I N D E X

NAV’s

Load Structure And Minimum Investment Amount

Annexure

Expense Ratios

Product Labeling

39

41

42

44

45

37SIP Performance Of Selected Schemes

Please refer to page no 39-40, 44, 45,47 for NAV, TER, Riskometer & Statutory Details.

Instrument Type/Issuer Name Industry % OF NAV

EQUITY 81.84%

HDFC Bank Limited Banks 9.55%

Bajaj Finance Limited Finance 8.41%

Kotak Mahindra Bank Limited Banks 7.64%

Tata Consultancy Services Limited Software 7.61%

Infosys Limited Software 7.03%

ICICI Bank Limited Banks 4.46%

Avenue Supermarts Limited Retailing 4.07%

Hindustan Unilever Limited Consumer Non Durables 3.30%

Maruti Suzuki India Limited Auto 3.24%

Titan Company Limited Consumer Durables 3.13%

HDFC Limited Finance 3.10%

Asian Paints Limited Consumer Non Durables 2.88%

Bajaj Finserv Limited Finance 2.68%

Nestle India Limited Consumer Non Durables 2.60%

Pidilite Industries Limited Chemicals 2.55%

Bandhan Bank Limited Banks 2.29%

Reliance Industries Limited Petroleum Products 2.04%

Divi's Laboratories Limited Pharmaceuticals 1.80%

Larsen & Toubro Limited Construction Project 1.65%

Wipro Limited Software 1.29%

Britannia Industries Limited Consumer Non Durables 0.51%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.25%

DEBT, CASH & OTHER CURRENT ASSETS 17.91%

GRAND TOTAL 100.00%

INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing in a diversified ortfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS BLUECHIP FUND(An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks)

PORTFOLIO

Financial Services 38.13Consumer Goods 16.49

IT 15.93Automobile 3.24Chemicals 2.55Energy 2.04

Pharma 1.80

Construction 1.65

Cement & Cement Products

0.25

DATE OF ALLOTMENT

5thMONTHLY AVERAGE

4,123.46 January 2010

Cr.

AS ON 28th FEBRUARY’19

4,220.99 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 12.61%

Beta - 0.89

Sharpe Ratio** - 0.84

PORTFOLIOFUND MANAGER

Mr. ShreyashTURNOVER* (1 YEAR)

1.55 times DevalkarWork experience: 17 years. He

has been managing this fund since 23rd November 2016

SECTORALLOCATION

(%)

Entry Load : NA Exit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL

ENTRY & EXIT LOAD

**Risk-free rate assumed to be 6.35% (MIBOR as on 28-02-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are c lculated based on month rolling returns (absolute) for last 3 years. Data as on 28th FEBRUARY 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income ecurities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

PERFORMANCE (as on 28th February 2019)

Regular Plan Direct Plan

Options Record Date

Dividend (` Per unit) NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 15, 2018 2.00 2.00 16.36 14.36 2.00 2.00 17.41 15.41Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.

DIVIDENDS

Period 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of

Investment of` 10,000/-

CAGR (%)

Current Value of

Investment of`. 10,000/-

CAGR (%)

Current Value of


CAGR (%)

Current Value of

Investment of ` 10,000

Date of inception

Axis Bluechip Fund - Growth 7.25% 10,725 16.98% 16,007 14.81% 19,955 11.36% 26,78005-Jan-10Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 9.45% 22,861

S&P BSE Sensex (Additional Benchmark) 6.25% 10,625 17.54% 16,240 12.72% 18,202 9.60% 23,135Axis Bluechip Fund - Direct Plan -Growth 8.73% 10,873 18.43% 16,611 16.23% 21,217 14.97% 23,621

01-Jan-13Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579S&P BSE Sensex (Additional Benchmark) 6.25% 10,625 17.54% 16,240 12.72% 18,202 11.87% 19,962Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

FACTSHEETFEBRUARY 2019

8

6

EQUITYM A R C H 2 0 1 9

2.9%

-0.4%

11.4%

QUICK TAKE

KEY HIGHLIGHTS

Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward.

We remain bullish on equities from a medium to long term perspective

Investors are suggested to have their asset allocation plan based on one’s risk appetite and future goals in life.

MARKETS

CORPORATE

GLOBAL

Volatility continued to define the markets as rising geo-political tensions and the threat of war kept markets on their toes. The S&P BSE Sensex and NIFTY 50 ended the month down 1% and 0.3% respectively. The market continued to remain narrow with a handful of stocks driving markets. Broader market indices continued to see negativity with the NIFTY Midcap & NIFTY Smallcap 100 indexes down 1.1% and 3.2% respectively

The December corporate earnings season for both NIFTY 50 companies and the broader universe was in line with market expectations, with domestic cyclicals led by financials picking up the baton from global cyclicals as the driver of earnings growth. Corporate Banks, IT and Consumer delivered a strong performance, while Autos and Cement disappointed. Top-line growth for was at a multi-quarter high on the back of growth traction in the economy. However, this failed to translate into EBITDA growth on the back of cost pressures.

Corporate Banks showed a material sequential improvement in the slippage/asset quality trends. This provides good visibility on the earnings outlook, as the signs of a fading NPA cycle show profitability returning materially to the sector. The NBFC universe delivered an in-line performance, but saw some moderation in the growth estimates owing to the prevailing stress in the liquidity and cost of funds environment. Disbursement growth moderated on expected lines.

India Q3 GDP print came in at 6.6% lower than market estimates dragged by agriculture and public spending. In an attempt to maintain the fiscal deficit projections, government spending slowed to a trickle further dragging GDP growth. Manufacturing and construction remained strong drivers despite high base effects as is evident in private corporate earnings mentioned above. Gross fixed capital formation registered a double digit growth for the 5th consecutive quarter at 10.6%

Consumer price inflation eased further to 2.05% in January V/s 2.2% in December. Benign food inflation remained a key factor in the low inflation. The RBI reduced key rates and changed its stance to ‘neutral’ citing benign inflation and improving growth numbers. Brent crude ended the month at US$66/barrel as co-ordinated normalization in supply drove prices to OPEC ‘acceptable levels’. The India crude basket followed suit and ended the month at US$65.3/barrel. INR remained stable against the greenback to end the month at Rs 70.85/$.

On the global front, the EM trade is widely understood to have entered a new phase as the DM trade is widely believed to have played out as risk expectations peak. As the US rate cycle looks to have peaked, incremental exposure to EMs may spur equity markets. The US corporate earnings cycle has been largely positive leading to the sharp outperformance of US equity in the last quarter. While US earnings are likely to remain buoyant other markets are fairly priced. Our exposure to global markets have been well calculated given domestic uncertainty. The exposure has provided necessary cushion to an otherwise volatile domestic market, thus stressing the need for overseas diversification.

The true test of any portfolio is in times of market uncertainty. Our focus has remained on alpha generation and fundamentals of our investee companies. Amidst heightened volatility, we believe our portfolios have remained relatively sheltered as we have effectively managed our exposure to high beta and at times taken cash calls in select portfolios. Our focus continues to remain on quality as we are cautiously optimistic on markets over the medium term. The markets have seen bouts of volatility over the last few months and currently offer reasonable valuations in select pockets.

Knee jerk reactions to news events are likely to remain part and parcel of equity markets for the next few quarters. Hence, Investors are advised to deploy funds in a phased manner. Systematic investments into equity products could also help investors ride out short term volatility.

Investors

•

•

•

Do not Panic - Corrections are healthy.

Timing the markets is dangerous - Invest Systematically, Invest Regularly, Invest Responsibly.

Be fearful when others are greedy.

Distributors

•

•

•

Investors may worry - Calm your investors, corrections are ideal entry points for long term investors.

Effective Portfolio Management Key.

Investors trust you. Be Responsible!

RESPONSIBLE INVESTING – TIP FOR THE MONTH

7

Source: Bloomberg, Axis MF Research.



EQUITY 81.84%
























GRAND TOTAL 100.00%

INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS BLUECHIP FUND(An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks)


8

PORTFOLIO

Financial Services 38.13 Consumer Goods 16.49

IT 15.93 Automobile 3.24 Chemicals 2.55 Energy 2.04 Pharma 1.80

Construction 1.65

Cement & Cement Products

0.25

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

4,123.46 Cr.


4,220.99 Cr.

BENCHMARK

Nifty 50



Beta - 0.89


PORTFOLIOTURNOVER* (1 YEAR)

1.37 times

FUND MANAGER

Mr. ShreyashDevalkar

Work experience: 17 years. He has been managing this fund since

23rd November 2016

SECTORALLOCATION

(%)

8

Entry Load : NA Exit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL

ENTRY & EXIT LOAD

**Risk-free rate assumed to be 6.35% (MIBOR as on 28-02-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 28th FEBRUARY 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/ Repo/FD/Margin FD/MFU/SLB are not considered.



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 15, 2018 2.00 2.00 16.36 14.36 2.00 2.00 17.41 15.41Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Bluechip Fund - Growth 7.25% 10,725 16.98% 16,007 14.81% 19,955 11.36% 26,78005-Jan-10Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 9.45% 22,861

S&P BSE Sensex (Additional Benchmark) 6.25% 10,625 17.54% 16,240 12.72% 18,202 9.60% 23,135Axis Bluechip Fund - Direct Plan -Growth 8.73% 10,873 18.43% 16,611 16.23% 21,217 14.97% 23,621

01-Jan-13Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579S&P BSE Sensex (Additional Benchmark) 6.25% 10,625 17.54% 16,240 12.72% 18,202 11.87% 19,962Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Financial Services

42.31

Automobile 14.60

IT 13.32

Consumer Goods

10.01

Industrial Manufacturing

9.63

Chemicals 5.83 Construction 1.10

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

6,667.36 Cr.


6,761.67 Cr.

BENCHMARK

Nifty 50



Beta - 1.06



1.15 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:17 years.

He has been managing this fund since 07th June 2016

SECTORALLOCATION

(%)

INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.

AXIS FOCUSED 25 FUND(An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies)

9

Entry Load : NAExit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL

**Risk-free rate assumed to be 6.35% (MIBOR as on 28-02-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 28th FEBRUARY 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered.

DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

Mar 08, 2018 2.00 2.00 19.47 17.47

DividendFeb 28, 2017 1.30 1.30 17.14 15.84Mar 10, 2016 1.00 1.00 14.56 13.56

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Focused 25 Fund - Growth 0.39% 10,039 19.54% 17,080 16.23% 21,220 15.23% 25,74029-Jun-12Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 12.68% 22,182

S&P BSE 200 (Additional Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 13.59% 23,397Axis Focused 25 Fund - Direct Plan - Growth 1.65% 10,165 20.98% 17,708 17.68% 22,581 15.10% 23,782

01-Jan-13Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579S&P BSE 200 (Additional Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 12.18% 20,299Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

PORTFOLIO


EQUITY 96.73%










Supreme Industries Limited Industrial Products 5.26%

Info Edge (India) Limited Software 4.46%



Cummins India Limited Industrial Products 2.95%

Motherson Sumi Systems Limited Auto Ancillaries 2.61%

Gruh Finance Limited Finance 2.18%


WABCO India Limited Auto Ancillaries 2.00%

Eicher Motors Limited Auto 1.73%

Endurance Technologies Limited Auto Ancillaries 1.59%

V-Guard Industries Limited Industrial Capital Goods 1.42%




GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



Financial Services 25.12 Consumer Goods 13.28 Industrial

Manufacturing11.06

Pharma 9.76 IT 7.31

Automobile 7.14 Cement &

Cement Products3.05

Energy 2.01

Construction 1.75

Textiles 0.39

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,827.05 Cr.


1,890.65 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.76



0.67 times

FUND MANAGER

Mr. Shreyash Devalkar

Work experience: More than 17 years.He has been managing this fund since

23rd November 2016

SECTORALLOCATION

(%)

INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies.

AXIS MIDCAP FUND(An Open Ended Equity Scheme Predominantly Investing In Mid Cap Stocks)

10

Entry Load : NAExit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL

**Risk-free rate assumed to be 6.35% (MIBOR as on 28-02-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 28th FEBRUARY 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 14, 2019 2.12 2.12 24.10 21.70 2.12 2.12 29.05 26.65

DividendOct 16, 2017 2.25 2.25 24.83 22.58 2.25 2.25 29.02 26.77Sep 15, 2016 2.00 2.00 22.64 20.64 2.00 2.00 25.83 23.83Sep 10, 2015 1.75 1.75 23.29 21.54 1.75 - 26.04 24.29


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Midcap Fund - Growth 4.12% 10,412 18.28% 16,550 20.57% 25,490 16.82% 34,87018-Feb-11S&P BSE Midcap (Benchmark) -12.75% 8,725 15.61% 15,452 18.45% 23,326 11.47% 23,927

Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 10.22% 21,855Axis Midcap Fund - Direct Plan - Growth 5.28% 10,528 19.64% 17,123 22.08% 27,135 17.77% 27,392

01-Jan-13S&P BSE Midcap (Benchmark) -12.75% 8,725 15.61% 15,452 18.45% 23,326 13.24% 21,518Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

PORTFOLIO


EQUITY 79.86%

City Union Bank Limited Banks 5.39%




Torrent Pharmaceuticals Limited Pharmaceuticals 3.96%

Astral Poly Technik Limited Industrial Products 3.80%


Mahindra & Mahindra Financial Services Limited Finance 3.17%


ACC Limited Cement 3.05%

Sundaram Finance Limited Finance 3.00%

Bata India Limited Consumer Durables 3.00%



Sanofi India Limited Pharmaceuticals 2.65%

Aditya Birla Fashion and Retail Limited Retailing 2.48%

MphasiS Limited Software 2.15%

Indraprastha Gas Limited Gas 2.01%

Kansai Nerolac Paints Limited Consumer Non Durables 1.87%

Cholamandalam Investment and Finance Company Limited Finance 1.78%

Voltas Limited Construction Project 1.75%


Trent Limited Retailing 1.70%


Berger Paints (I) Limited Consumer Non Durables 1.61%

Schaeffler India Limited Industrial Products 1.53%

TTK Prestige Limited Consumer Durables 1.41%



Balkrishna Industries Limited Auto Ancillaries 0.94%

Max Financial Services Limited Finance 0.71%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



Financial Services 39.19 Automobile 14.11 Consumer Goods 12.96 IT 12.69 Chemicals 7.45 Energy 4.18 Industrial Manufacturing 3.77 Pharma 1.73 Construction 1.50

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

17,245.73 Cr.


17,425.59 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 13.62%

Beta - 0.94



0.74 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 17 years.

He has been managing this fund since 1st April 2011

SECTORALLOCATION

(%)

INVESTMENT OBJECTIVE: To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS LONG TERM EQUITY FUND(An Open-Ended Equity Linked Savings Scheme With A Statutory Lock In Of 3 Years And Tax Benefit)

11

Entry Load : NA Exit Load : NIL




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Jan 31, 2019 2.04 2.04 21.3841 19.0841 1.33 1.33 35.8679 34.3679

Regular Dividend

Mar 22, 2018 2.50 2.50 23.0548 20.5548 1.50 1.50 35.6776 34.1776Jan 31, 2017 2.23 2.23 21.1726 18.9426 - - - -Jan 25, 2016 2.25 2.25 21.2217 18.9717 - - - -


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Long Term Equity Fund - Growth 0.87% 10,087 15.22% 15,297 18.41% 23,288 16.76% 41,42629-Dec-09S&P BSE 200 (Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 9.94% 23,855

Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 9.64% 23,257Axis Long Term Equity Fund - Direct Plan - Growth 1.88% 10,188 16.47% 15,798 19.80% 24,691 19.39% 29,795

01-Jan-13S&P BSE 200 (Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 12.18% 20,299Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

PORTFOLIO


EQUITY 97.22%









Torrent Power Limited Power 4.18%










Symphony Limited Consumer Durables 2.01%







Mas Financial Services Limited Finance 0.65%

Multi Commodity Exchange of India Limited Finance 0.63%

Varroc Engineering Limited Auto Ancillaries 0.61%




GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



MONTHLY AVERAGE

3,002.63 Cr.


3,025.34 Cr.

BENCHMARK

Nifty 500 Index

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

12

INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related struments across market capitalization. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

(An Open-Ended Equity Scheme Investing Across Large Cap , Mid Cap, Small Cap Stocks.)

Mr. Shreyash Devalkar Work experience: 17 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

Entry Load : NAExit Load : If redeemed / switched-out within 12 months from the date of allotment: • For 10% of investment: NIL• For remaining investment: 1%If redeemed / switched - out after 12 months from the date of allotment: Nil

PORTFOLIO


EQUITY 81.02%

























GRAND TOTAL 100.00%

Financial Services 36.07 Consumer Goods 16.88 IT 15.08 Automobile 3.71 Chemicals 3.08 Pharma 2.02 Industrial Manufacturing 1.79 Construction 1.37 Energy 1.02



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Multicap Fund - Regular Plan - Growth 7.19% 10,719 NA NA NA NA 5.76% 10,740 20-Nov-17Nifty 500 (Benchmark) -2.08% 9,792 NA NA NA NA -0.65% 9,917Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.07% 10,650Axis Multicap Fund - Direct Plan - Growth 9.15% 10,915 NA NA NA NA 7.61% 10,980 20-Nov-17Nifty 500 (Benchmark) -2.08% 9,792 NA NA NA NA -0.65% 9,917Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.07% 10,650Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 20th Nov 2017 and he manages 5 schemes of A xis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD


1.30 times



MONTHLY AVERAGE

218.41 Cr.


222.79 Cr.

BENCHMARK

Nifty Smallcap100

SECTORALLOCATION

(%)

AXIS SMALL CAP FUND*

13

INVESTMENT OBJECTIVE: To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

(An open ended equity scheme predominantly investing in small cap stocks)

FUND MANAGER

DATE OF ALLOTMENT

29th November 2013

Entry Load : NAExit Load : If redeemed / switched-out within 12 months from the date of allotment: • For 10% of investment: NIL• For remaining investment: 1%If redeemed / switched - out after 12 months from the date of allotment: Nil

PORTFOLIO


EQUITY 76.81%

TCNS Clothing Co. Limited Textile Products 8.20%

Mas Financial Services Limited Finance 5.57%

Gulf Oil Lubricants India Limited Petroleum Products 4.97%

Vinati Organics Limited Chemicals 4.78%

HeidelbergCement India Limited Cement 4.29%

Fine Organic Industries Limited Chemicals 4.11%

Schaeffler India Limited Industrial Products 3.98%


Blue Star Limited Consumer Durables 3.19%


VST Industries Limited Consumer Non Durables 3.13%

NIIT Technologies Limited Software 3.12%

Galaxy Surfactants Limited Chemicals 3.00%

Grindwell Norton Limited Industrial Products 2.90%

Amber Enterprises India Limited Consumer Durables 2.49%

Vesuvius India Limited Industrial Products 2.32%

Chalet Hotels Limited Hotels, Resorts And Other Recreational Activities 2.26%

Orient Refractories Limited Industrial Products 2.14%

Can Fin Homes Limited Finance 1.79%



Igarashi Motors India Limited Auto Ancillaries 1.24%

JK Cement Limited Cement 1.14%

MM Forgings Limited Industrial Products 1.13%

CEAT Limited Auto Ancillaries 1.04%



GRAND TOTAL 100.00%

Industrial Manufacturing 16.03 Chemicals 11.89 Financial Services 10.73 Consumer Goods 10.59 Textiles 8.20 Cement & Cement Products 5.43 Energy 4.97 Automobile 4.29 IT 3.12 Services 2.39



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Small Cap Fund - Regular Plan - Growth

-7.26% 9,274 14.07% 14,844 20.80% 25,733 20.10% 26,17029-Nov-13

Nifty Small Cap 100 (Benchmark) -28.29% 7,171 11.83% 13,985 13.73% 19,032 13.73% 19,653Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 12.59% 18,642Axis Small Cap Fund - Direct Plan - Growth -6.22% 9,378 15.34% 15,343 22.14% 27,196 21.44% 27,740 29-Nov-13Nifty Small Cap 100 (Benchmark) -28.29% 7,171 11.83% 13,985 13.73% 19,032 13.73% 19,653Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 12.59% 18,642Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupum Tiwari is managing the scheme since 29th Nov 2013 and he manages 7 schemes of A xis Mutual Fund. Please refer to annexure on Page 43 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD


Standard Deviation

- 13.30%

Beta - 0.54


*Axis Small Cap Fund was launched as a 5 Year Close Ended Equity Scheme (with automatic conversion into an open ended equity scheme on completion of 5 years). The Scheme was converted into an open ended equity scheme w.e.f November 29, 2018.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Regular Dividend

Oct 16, 2017 2.00 2.00 23.78 21.78 2.00 2.00 24.88 22.88Oct 08, 2015 2.00 2.00 19.65 17.65 2.00 2.00 20.07 18.07


DIVIDENDS


0.37 times

Mr. Anupam Tiwari Work experience: 13 years.

He has been managing this fund since 06th October 2016.




MONTHLY AVERAGE

672.59 Cr.


675.54 Cr.

BENCHMARK

S&P BSE 200

SECTORALLOCATION

(%)

AXIS GROWTH OPPORTUNITIES FUND

14

INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas. However, there can be no assurance that the investment objective of the Scheme will be achieved.

An open-ended equity scheme investing in both large cap and mid cap stocks

Mr. Jinesh Gopani Work experience: 17 years.


FUND MANAGER

DATE OF ALLOTMENT

22nd October2018

Entry Load : NAExit Load : If redeemed / switched-out on or before 12 months from the date of allotment, For 10% of investments: Nil. For remaininginvestments: 1%. If redeemed / switched - out after 12 months from the date of allotment: NIL

PORTFOLIO


EQUITY 72.30%

DOMESTIC EQUITIES 67.68%






Bata India Limited Consumer Durables 3.66%




Sanofi India Limited Pharmaceuticals 2.84%









PI Industries Limited Pesticides 2.05%

Quess Corp Limited Commercial Services 2.03%

RBL Bank Limited Banks 1.92%




Torrent Power Limited Power 1.40%

OTHER DOMESTIC EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.72%

INTERNATIONAL EQUITIES 20.95%

Alphabet Inc A Interactive Media & Services 2.01%

Bank Of America Corp Diversified Banks 1.74%

Nestle SA Packaged Foods & Meats 1.68%

JP Morgan Chase & Co Diversified Banks 1.46%

Nutrien LimitedFertilizers & Agricultural Chemicals

1.29%

Rockwell Automation IncElectrical Components & Equipment

1.27%

ALIBABA GROUP HOLDING ADRInternet & Direct Marketing Retail

1.25%

Comcast Corp-Class A Cable & Satellite 1.20%

Adobe Inc Application Software 1.11%

Ball Corp Metal & Glass Containers 0.99%

"International Paper Co" Paper Packaging 0.95%

Visa IncData Processing & Outsourced Services

0.93%

Texas Instrs Inc Com Semiconductors 0.89%

Thermo Fisher Scientific Inc Life Sciences Tools & Services 0.82%

Broadcom Inc Semiconductors 0.78%

Blackrock IncAsset Management & Custody Banks

0.70%

Booking Holdings IncInternet & Direct Marketing Retail

0.66%

Deere And Co Ltd Agricultural & Farm Machinery 0.64%

Medtronic PLC Health Care Equipment 0.57%

OTHER INTERNATIONAL EQUITY (LESS THAN 0.50% OF THE CORPUS)

0.66%

DEBT, CASH & OTHER CURRENT ASSETS

9.99%

GRAND TOTAL 100.00%

Financial Services 24.90

IT 17.35

Consumer Goods 14.09

Automobile 8.75

Industrial Manufacturing 8.69

Fertilisers & Pesticides 4.02

Services 3.96

Pharma 3.44

Energy 2.51

Chemicals 2.30

ENTRY & EXIT LOAD

Mr. Hitesh Das (for Foreign Securities)

Work experience: 09 years.He has been managing this fund since

inception.

Note : Industry classification is done as per Global Industry Classification Standard (GICS) by MSCI and Standard & Poor’s for Foreign Equity


FIXEDINCOME

M A R C H 2 0 1 9

10 YEAR G-SEC YIELD

7.41%

QUICK TAKE

CPI Inflation : Last 1 year2.05%

4.44%

Repo : Last 1 year

6.00%

6.25%

10 yr G-Sec : Last 1 year

7.41%

7.73%

• Tactical opportunities have emerged across the corporate bond curve, Added maturities across portfolios through selective corporate long bonds.

• Manageable Inflation and attempts to stimulate growth in the economy are likely to push bond yields down post April.

• We advise investors to stay invested in short to medium term strategies and actively look at credit funds. Accrual investors may look at medium term roll down strategies to lock in attractive rates at current levels.

Key Market Events•

•

•

•

•

RBI Policy & Minutes – Change in Policy Stance: The Reserve Bank of India (RBI) decided to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 bps and changed its stance from ‘Calibrated tightening’ to ‘neutral’ in its last policy meet for the year. RBI believes inflation is manageable and hence changed its stance citing need to spur growth and consumption. The minutes further echoed the dovish stance of the MPC and discussed measures on easing strains on the corporate bond market as a confidence building measure for market participants.

Q3 GDP – Tempering Expectations: India Q3 GDP print came in at 6.6% lower than market estimates dragged by agriculture and public spending. In an attempt to maintain the fiscal deficit projections, government spending slowed to a trickle further dragging GDP growth. Manufacturing and construction remained strong drivers despite high base effects as is evident in private corporate earnings mentioned above. Gross fixed capital formation registered a double digit growth for the 5th consecutive quarter at 10.6%.

Tepid CPI Inflation – Core Remains High: Consumer price inflation eased further to 2.05% in January V/s 2.2% in December. Benign food inflation remained a key factor in the low inflation. Core inflation continues to remain stubborn as cost of manufactured goods and industrial raw materials saw a surge in prices. Brent crude ended the month at US$66/barrel as coordinated normalization in supply drove prices to OPEC ‘acceptable levels’. The India crude basket followed suit and ended the month at US$65.3/barrel. INR remained stable against the greenback to end the month at Rs 70.85/$.

US Fed – Changing Stance, Peaking Rates: The Fed's first meeting of 2019 proved to be an eventful one, with the FOMC delivering a

10 Year ended the month at 7.41%: The benchmark yield on the 10 Year G-Sec moved up post the change in RBI stance and ended the month at 7.41% in February The spike in yields was on account of the tensions on the border and the anticipated supply of paper. Bond markets continue to be driven by liquidity as the RBI conducted OMOs to the tune of 37,500 Cr and Repo auctions of ` 100,000 Cr. The RBI has also announced an additional OMO of 25,000 Cr. in the first fortnight of March.

``

meaningfully dovish statement while at the same time taking a step towards an early end to balance sheet normalization. The FOMC is now "patient," and no longer has a strong bias on whether the next rate move will be up or down.

The change in policy stance by the RBI, while a sentimental positive, surprised the bond market. Given this change, most participants are now expecting a further easing of rates by March 31st 2019. We believe the MPC may cut rates again before April citing low inflation in the backdrop of waning Q3 GDP numbers. Under this assumption we believe the entire debt curve offers tactical opportunities with a bias towards long bonds. Given the current premia of Corporate long bonds over G-Secs, we prefer the corporate bond space

Over the course of FY 2019, the RBI has pumped in significant durable liquidity into the system. This has propped asset prices. Given high real interest rates, the RBI MPC may remain comfortable with real rates at 150-200bps in an attempt to attract foreign fund flows. With seasonally tight liquidity conditions normalizing post April, we believe there is scope for bonds across the curve to rally 30-40bps in Q1FY20 in the run up to the elections.

Given our outlook we have selectively added duration in our portfolios through long bonds. Elevated spreads have made the risk reward more attractive in AA credits and hence we have selectively added such credits across our portfolios as well. As always our prudent investment norms and strong risk mitigation framework have helped us sidestep material credit risk The corporate bond spread in the short to medium tenor space also offers material opportunities for buy and hold investors and hence believe that investors should consider deploying funds in roll down strategies.

Market View

Investors

•

•

Select a fund that meets your risk profile. Investing in credits is all about process.

Select a fund house with a robust investment process and credit management system.

Distributors

•

•

•





15Source: Bloomberg, Axis MF Research.


PORTFOLIORATING % Of NAV

COMMERCIAL PAPER 66.38%NABARD CRISIL A1+/ICRA A1+ 6.85%Steel Authority of India Limited CARE A1+ 3.49%Reliance Retail Ltd CRISIL A1+ 3.13%Chennai Petroleum Corporation Limited CRISIL A1+ 2.91%NTPC Limited CRISIL A1+ 2.83%Oil & Natural Gas Corporation Limited ICRA A1+ 2.66%HDFC Limited ICRA A1+/CRISIL A1+ 2.62%Larsen & Toubro Limited CRISIL A1+ 2.14%L&T Finance Limited ICRA A1+ 2.09%LIC Housing Finance Limited CRISIL A1+ 1.92%Tata Power Company Limited CRISIL A1+ 1.78%Hindustan Petroleum Corporation Limited CRISIL A1+ 1.78%Daimler Financial Services India Pvt Limited CRISIL A1+ 1.76%Indus Towers Limited CRISIL A1+ 1.58%National Housing Bank CRISIL A1+ 1.42%Sun Pharmaceutical Industries Limited ICRA A1+ 1.42%Bajaj Housing Finance Limited CRISIL A1+ 1.42%Power Finance Corporation Limited CRISIL A1+ 1.32%Mahindra & Mahindra Financial Services Limited CRISIL A1+ 1.25%Piramal Capital & Housing Finance Limited CRISIL A1+ 1.24%Bharti Airtel Limited CRISIL A1+ 1.06%India Infoline Finance Limited CRISIL A1+ 1.06%Muthoot Finance Limited CRISIL A1+ 0.89%Adani Ports and Special Economic Zone Limited ICRA A1+ 0.89%Trapti Trading & Invest Pvt Limited ICRA A1+ 0.89%Vedanta Limited CRISIL A1+ 0.88%Reliance Jio Infocomm Limited CRISIL A1+ 0.73%CESC Limited CARE A1+ 0.71%Magma Fincorp Limited CRISIL A1+ 0.71%Tata Motors Limited CRISIL A1+ 0.71%Hinduja Leyland Finance Limited CRISIL A1+ 0.71%Reliance Industries Limited CRISIL A1+ 0.70%Can Fin Homes Limited ICRA A1+ 0.70%Nabha Power Limited ICRA A1+ 0.69%L&T Housing Finance ICRA A1+ 0.69%Emami Limited CRISIL A1+ 0.64%Indian Railway Finance Corporation Limited CRISIL A1+ 0.62%Piramal Enterprises Limited CRISIL A1+ 0.53%HDFC Credila Financial Services Pvt Limited CRISIL A1+ 0.53%Talwandi Sabo Power Limited CRISIL A1+(SO) 0.53%TGS Investment & Trade Pvt Limited ICRA A1+ 0.44%Adani Transmission Limited ICRA A1+ 0.44%Small Industries Dev Bank of India CARE A1+ 0.44%Aditya Birla Capital Limited CRISIL A1+ 0.44%Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.36%JM Financial Products Limited ICRA A1+ 0.36%Shree Cement Limited CARE A1+ 0.36%Sundaram Finance Limited CRISIL A1+ 0.36%TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.35%UPL Limited CRISIL A1+ 0.35%JSW Steel Limited ICRA A1+ 0.35%Sundaram BNP Paribas Home Finance Limited ICRA A1+ 0.35%Tata Power Solar Systems Limited CRISIL A1+(SO) 0.35%IDFC Infrastructure Finance Limited ICRA A1+ 0.18%HSBC InvestDirect Financial Services (India) Limited IND A1+ 0.18%CEAT Limited CARE A1+ 0.18%Godrej Industries Limited ICRA A1+ 0.18%Varroc Engineering Limited ICRA A1+ 0.14%Network18 Media & Investments Limited ICRA A1+ 0.09%Shriram Transport Finance Company Limited CRISIL A1+ 0.02%SBI Cards & Payment Services Pvt Limited CRISIL A1+ 0.02%CERTIFICATE OF DEPOSIT 18.96%

Vijaya BankCRISIL A1+/CARE

A1+4.96%

IDFC First Bank Limited ICRA A1+ 4.61%Punjab National Bank CARE A1+ 2.65%The Federal Bank Limited CRISIL A1+ 1.77%Canara Bank CRISIL A1+ 1.51%The South Indian Bank Limited CRISIL A1+ 1.41%RBL Bank Limited ICRA A1+ 0.97%Bank of Baroda IND A1+ 0.70%IndusInd Bank Limited CRISIL A1+ 0.11%HDFC Bank Limited IND A1+ 0.09%ICICI Bank Limited ICRA A1+ 0.09%Union Bank of India ICRA A1+ 0.09%CORPORATE BOND 3.28%HDFC Limited CRISIL AAA 1.34%Can Fin Homes Limited ICRA AAA 0.82%Power Finance Corporation Limited CRISIL AAA 0.50%Tata Capital Financial Services Limited ICRA AAA 0.36%Kotak Mahindra Prime Limited CRISIL AAA 0.12%Gruh Finance Limited CRISIL AAA 0.09%Reliance Jio Infocomm Limited CRISIL AAA 0.05%TREASURY BILL 2.92%91 DAYS TBILL Sovereign 1.39%45 DAYS TBILL Sovereign 0.85%182 DAYS TBILL Sovereign 0.68%STATE GOVERNMENT BOND 2.85%8.39% Rajasthan UDAY BOND (MD 15/03/2019) Sovereign 1.99%8.30% Maharashtra SDL (MD 25/03/2019) Sovereign 0.45%8.43% Assam SDL (MD 25/03/2019) Sovereign 0.37%8.59% Andhra Pradesh SDL (MD 18/03/2019) Sovereign 0.03%NET CURRENT ASSETS -1.93%NET ASSETS 100.00%

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

26,504.37 Cr.


28,009.79 Cr.

BENCHMARK

NIFTY Liquid Index

AVERAGE MATURITY*

35 daysMODIFIED DURATION*

34 daysMaculary Duration*

33 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

7.07%

Mr. Devang ShahWork experience: 14 years.

He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 11 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Commercial Paper 66.38% Certificate of Deposit 18.96% Corporate Bond 3.28% Treasury Bill 2.92% State Government Bond 2.85% Net Current Assets 5.62%

COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)

INVESTMENT OBJECTIVE: To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS LIQUID FUND(An Open-Ended Liquid Scheme)

Entry Load : NAExit Load : NIL

16

^^


Regular Plan Retail Plan Direct Plan

Options Record Date

Dividend (` Per unit)

NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Individu-als/ HUF

OthersIndividuals/

HUFOth-ers

Individuals/ HUF

Others

Monthly Dividend

Feb 25, 2019 4.2571 3.9421 1,006.7842 1,000.8742 3.9906 3.6629 1,005.7725 1,000.2810 4.2853 3.9682 1,006.2300 1,000.2808Jan 25, 2019 4.3184 3.9989 1,006.8694 1,000.8742 4.0098 3.7313 1,005.8751 1,000.2810 4.3457 4.0241 1,006.3138 1,000.2808Dec 26, 2018 4.3912 4.0663 1,006.9704 1,000.8742 4.0715 3.7725 1,005.9368 1,000.2810 4.4191 4.0921 1,006.4157 1,000.2808


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Liquid Fund - Growth 7.54% 10,754 7.24% 12,332 7.79% 14,552 7.95% 20,514

09-Oct-09NIFTY Liquid Index (Benchmark) 7.43% 10,743 7.06% 12,272 7.64% 14,451 7.89% 20,409NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.90% 10,790 7.27% 12,343 7.77% 14,539 6.92% 18,751

Axis Liquid Fund - Direct Plan - Growth 7.59% 10,759 7.31% 12,356 7.86% 14,600 8.12% 16,180

31-Dec-12NIFTY Liquid Index (Benchmark) 7.43% 10,743 7.06% 12,272 7.64% 14,451 7.93% 16,007NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,718

Axis Liquid Fund - Retail - Growth 6.94% 10,694 6.65% 12,130 7.21% 14,169 7.62% 19,377

01-Mar-10NIFTY Liquid Index (Benchmark) 7.43% 10,743 7.06% 12,272 7.64% 14,451 8.08% 20,136NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.90% 10,790 7.27% 12,343 7.77% 14,539 7.06% 18,480

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 29 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on Page 43&44 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

AAA, SOV & Equivalent 100.00%

ENTRY & EXIT LOAD



PORTFOLIO

MONTHLY AVERAGE

944.68 Cr.


1,029.04 Cr.

BENCHMARK

CRISIL Ultra Short Term Debt Index

AXIS ULTRA SHORT TERM FUND

17

INVESTMENT OBJECTIVE: The investment objective of the Scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.

(An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months)

Mr. Aditya Pagaria Work experience: 11 years.


FUND MANAGER

DATE OF ALLOTMENT

10th September 2018

Entry Load :NAExit Load : Nil

Since scheme has not completed one year, performance details for the same are not provided.



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 25, 2019 0.0472 0.0437 10.0882 10.0227 0.0463 0.0428 10.1076 10.0433

Monthly DividendJan 25, 2019 0.0463 0.0429 10.0934 10.0291 0.0473 0.0438 10.1064 10.0406

Dec 26, 2018 0.0490 0.0454 10.0922 10.0241 0.0503 0.0465 10.1002 10.0304Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.

DIVIDENDS

AVERAGE MATURITY*

173 daysMODIFIED DURATION*

158 days

PORTFOLIO YIELD (YIELD TO MATURITY&)

8.34%


RATING % Of NAVCORPORATE BOND 55.27%

Power Finance Corporation Limited CRISIL AAA 4.85%National Bank For Agriculture and Rural

DevelopmentCRISIL AAA 4.39%

Bank of Baroda CARE AA 3.87%

Hinduja Leyland Finance Limited CARE AA- 3.40%

National Housing Bank CRISIL AAA 3.11%

Tata Motors Limited CARE AA 2.44%

HDFC Limited CRISIL AAA 2.43%

LIC Housing Finance Limited CRISIL AAA 2.43%

Mahindra Rural Housing Finance IND AA+ 2.43%

Piramal Enterprises Limited ICRA AA 2.42%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.40%

Nirma Limited CRISIL AA 2.39%

Gruh Finance Limited CRISIL AAA 1.94%

Edelweiss Commodities Services Limited CRISIL AA/ICRA AA 1.94%

Bahadur Chand Investments Pvt Limited ICRA AA 1.46%

Talwandi Sabo Power Limited CRISIL AA(SO) 1.45%

Hero Fincorp Limited CRISIL AA+ 1.43%

Vodafone Mobile Services Limited CRISIL A+ 1.25%

Northern Arc Capital Limited ICRA A+ 1.07%

REC Limited CRISIL AAA 0.98%

Ujjivan Small Finance Bank Limited CARE A+ 0.97%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.97%

Aasan Corporate Solutions Private Limited ICRA AA-(SO) 0.97%

Magma Fincorp Limited ICRA AA- 0.97%

Shriram Transport Finance Company Limited IND AA+ 0.95%

Asirvad Microfinance Ltd CRISIL A+ 0.73%

IndoStar Capital Finance Limited CARE AA- 0.68%

Muthoot Finance Limited CRISIL AA 0.48%

Reliance Industries Limited CRISIL AAA 0.48%

COMMERCIAL PAPER 22.95%

HDFC Limited CRISIL A1+ 3.65%

CEAT Limited IND A1+ 2.43%

Network18 Media & Investments Limited ICRA A1+ 2.42%

Bharat Petroleum Corporation Limited CRISIL A1+ 2.42%

NTPC Limited CRISIL A1+ 2.41%

Tata Power Company Limited CRISIL A1+ 2.40%

IndoStar Capital Finance Limited CRISIL A1+ 2.39%

JSW Steel Limited ICRA A1+ 1.44%

RELIANCE RETAIL LTD CRISIL A1+ 0.97%

UltraTech Cement Limited CRISIL A1+ 0.49%

Shree Cement Limited CARE A1+ 0.48%

Reliance Jio Infocomm Limited CRISIL A1+ 0.48%

Magma Fincorp Limited CRISIL A1+ 0.48%

Indus Towers Limited CRISIL A1+ 0.48%

CERTIFICATE OF DEPOSIT 6.86%

IndusInd Bank Limited CRISIL A1+ 4.57%

ICICI Bank Limited ICRA A1+ 2.29%

ZERO COUPON BOND 6.16%Dewan Housing Finance

Corporation LimitedCARE AA+ 2.38%

Mahindra & Mahindra Financial Services Limited

CARE AAA 1.76%

JSW Techno Projects Management Limited BWR A(SO) 1.01%

IIFL Home Finance Limited CRISIL AA 1.00%

PASS THROUGH CERTIFICATE 3.15%

RENT-A-DEVICE TRUST ICRA AAA(SO) 1.31%

MFL Securitisation Trust CRISIL AAA(SO) 0.98%

Rainbow Devices Trust ICRA AAA(SO) 0.86%

NET CURRENT ASSETS 5.61%

NET ASSETS 100.00%

AAA, SOV & Equivalent 63.34% AA 17.44% AA+ 8.16% AA- 6.02% A+ 4.02% A 1.01%

ENTRY & EXIT LOAD

Corporate Bond 55.27% Commercial Paper 22.95% Certificate of Deposit 6.86% Zero Coupon Bond 6.16% Pass Through Certificate 3.15% Net Current Assets 5.61%

Maculary Duration*

165 days



PORTFOLIO

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

1,475.72 Cr.


1,430.48 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index

AVERAGE MATURITY*

234 daysMODIFIED DURATION

*

209 daysMaculary Duration*


8.52%


He has been managing this fund since07th June 2016.



FUND MANAGER


INVESTMENT OBJECTIVE: To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS TREASURY ADVANTAGE FUND(An Open Ended Low Duration Debt Scheme Investing In Instruments Such That The Macaulay Duration Of The Portfolio Is Between 6 To 12 Months)

18



Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Indi-viduals/ HUF

OthersIndividu-

als/ HUF

OthersIndi-

viduals/ HUF

Others

Monthly Dividend

Feb 25, 2019 4.7128 4.3642 1,011.9941 1,005.4514 4.7087 4.3630 1,011.9893 1,005.4482 4.8980 4.5355 1,012.2526 1,005.4530Jan 25, 2019 5.4450 5.0422 1,013.0105 1,005.4514 5.4304 5.0309 1,012.9907 1,005.4482 5.6831 5.2625 1,013.3427 1,005.4530Dec 26, 2018 5.8103 5.3803 1,013.5177 1,005.4514 5.8126 5.3792 1,013.5127 1,005.4482 6.0842 5.6339 1,013.8994 1,005.4530


DIVIDENDS


PeriodDate 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Treasury Advantage Fund - Growth 7.68% 10,768 7.41% 12,392 7.85% 14,592 8.03% 20,66409-Oct-09NIFTY Low Duration Debt Index (Benchmark) 7.77% 10,777 7.62% 12,464 8.10% 14,767 8.25% 21,061

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 6.92% 18,751Axis Treasury Advantage Fund - Direct Plan - Growth 8.20% 10,820 7.94% 12,577 8.36% 14,940 8.59% 16,616

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 7.77% 10,777 7.62% 12,464 8.10% 14,767 8.21% 16,257NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,712Axis Treasury Advantage Fund - Retail - Growth 7.68% 10,768 6.99% 12,248 7.32% 14,239 7.60% 19,337

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 7.77% 10,777 7.62% 12,464 8.10% 14,767 8.36% 20,601NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.06% 18,477Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 29 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on 43&44 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

RATING % Of NAV

CORPORATE BOND 60.37%

Power Finance Corporation Limited CRISIL AAA 11.31%

NABARD CRISIL AAA 8.42%

National Housing Bank CRISIL AAA/IND AAA 5.94%

Piramal Capital & Housing Finance Limited ICRA AA+ 4.17%

Small Industries Dev Bank of India CARE AAA 3.56%

India Infoline Finance Limited ICRA AA 2.38%

ICICI Home Finance Company Limited ICRA AAA 2.37%

Indiabulls Housing Finance Limited BWR AAA 2.23%


Shriram Transport Finance Company Limited IND AA+ 2.06%



Housing Development Finance Corporation Limited

CRISIL AAA 1.74%

Edelweiss Commodities Services Limited CRISIL AA 1.74%

Reliance Jio Infocomm Limited CRISIL AAA 1.74%



Dewan Housing Finance Corporation Limited

BWR AA+ 1.40%

Adani Transmission Limited IND AA+ 1.05%

Export Import Bank of India CRISIL AAA 0.70%

Power Grid Corporation of India Limited CRISIL AAA 0.35%

Indian Railway Finance Corporation Limited CRISIL AAA 0.14%


NTPC Limited CRISIL A1+ 5.20%

Bharti Airtel Limited CRISIL A1+ 3.49%

JSW Steel Limited ICRA A1+ 3.45%

Indiabulls Housing Finance Limited CRISIL A1+ 2.61%


Small Industries Dev Bank of India CARE A1+ 3.92%

ICICI Bank Limited ICRA A1+ 3.31%

IDFC First Bank Limited ICRA A1+ 1.71%

Canara Bank CRISIL A1+ 1.67%

IndusInd Bank Limited CRISIL A1+ 1.62%

ZERO COUPON BOND 9.52%

Dewan Housing Finance Corporation Limited CARE AA+ 7.19%

TMF Holdings Limited CRISIL AA 2.06%

IDFC First Bank Limited ICRA AA+ 0.28%


GRAND TOTAL 100.00%

Corporate Bond 60.37% Commercial Paper 14.74% Certificate of Deposit 12.22% Zero Coupon Bond 9.52% Net Current Assets 3.14%

AAA, SOV & Equivalent 73.77% AA+ 17.86% AA 8.37%


ENTRY & EXIT LOAD



PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

4,491.30 Cr.


4,382.81 Cr.

BENCHMARKNIFTY Short

Duration Debt Index

AVERAGE MATURITY*

2.0 yearsMODIFIED DURATION

*

1.6 yearsMaculary Duration*

1.7 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.44%



FUND MANAGER


INVESTMENT OBJECTIVE: To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

AXIS SHORT TERM FUND(An Open Ended Short Term Debt Scheme Investing In Instruments Such That The Macaulay Duration Of The Portfolio Is Between 1 Year To 3 Years)

19


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Individuals/ HUF

Others

Feb 25, 2019 0.0446 0.0413 10.2119 10.1500 0.0440 0.0407 10.0764 10.0153 0.0477 0.0441 10.0828 10.0166

Monthly Dividend

Jan 25, 2019 0.0519 0.0481 10.2246 10.1525 0.0512 0.0474 10.0890 10.0178 0.0549 0.0508 10.0953 10.0191Dec 26, 2018 0.0726 0.0673 10.2606 10.1597 0.0717 0.0664 10.1245 10.0249 0.0756 0.0700 10.1312 10.0262Nov 26, 2018 0.0591 0.0548 10.2372 10.1550 0.0584 0.0540 10.1014 10.0203 0.0631 0.0584 10.1096 10.0219


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Short Term Fund - Growth 7.01% 10,701 7.43% 12,400 7.99% 14,690 7.88% 19,95122-Jan-10NIFTY Short Duration Debt Index (Benchmark) 7.41% 10,741 7.66% 12,479 8.31% 14,909 8.03% 20,200

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 6.99% 18,508Axis Short Term Fund - Direct Plan - Growth 7.74% 10,774 8.17% 12,658 8.81% 15,257 8.68% 16,704

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 7.41% 10,741 7.66% 12,479 8.31% 14,909 8.24% 16,286NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,712Axis Short Term Fund - Retail - Growth 7.01% 10,701 7.43% 12,400 8.00% 14,695 7.84% 19,726

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 7.41% 10,741 7.66% 12,479 8.31% 14,909 8.07% 20,112NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.06% 18,479Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 29 schemes of Axis Mutual Fund. Please refer to annexure on Page 44 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


RATING % Of NAVCORPORATE BOND 71.46%Power Finance Corporation Limited CRISIL AAA 9.74%HDFC Limited CRISIL AAA 7.99%Reliance Jio Infocomm Limited CRISIL AAA 3.60%REC Limited CARE AAA/CRISIL AAA 3.59%NABARD CRISIL AAA 3.57%Tata Sons Private Ltd CRISIL AAA 3.50%State Bank of India CRISIL AAA/CRISIL AA+ 3.42%LIC Housing Finance Limited CRISIL AAA 3.25%Reliance Industries Limited CRISIL AAA 3.11%NRSS XXIX Transmission Limited CRISIL AAA 2.63%Mahindra & Mahindra Financial Services Limited IND AAA 2.36%Jamnagar Utilities & Power Private Limited CRISIL AAA 2.17%Small Industries Dev Bank of India CARE AAA 1.71%Power Grid Corporation of India Limited CRISIL AAA 1.71%Tata Capital Financial Services Limited CRISIL AAA/ICRA AAA 1.70%Indiabulls Housing Finance Limited BWR AAA 1.39%Muthoot Finance Limited CRISIL AA 1.38%National Housing Bank CRISIL AAA/IND AAA 1.37%HDFC Bank Limited CRISIL AAA 1.23%Zydus Wellness Limited CRISIL AA+ 1.13%L&T Housing Finance CARE AAA 1.12%Nirma Limited CRISIL AA 0.97%Shriram Transport Finance Company Limited CRISIL AA+ 0.93%Bank of Baroda IND AAA 0.91%Gruh Finance Limited CRISIL AAA 0.90%IDFC First Bank Limited ICRA AA+ 0.79%ICICI Home Finance Company Limited ICRA AAA 0.57%Mahindra Rural Housing Finance CRISIL AA+ 0.57%Tata Motors Limited CARE AA 0.57%Tata Power Company Limited IND AA 0.54%Sikka Ports and Terminals Limited CRISIL AAA 0.44%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.41%

Dewan Housing Finance Corporation Limited BWR AA+ 0.35%Aditya Birla Finance Limited ICRA AAA 0.34%Adani Transmission Limited IND AA+ 0.34%L&T Infrastructure Finance Company Limited CARE AAA 0.34%HDB Financial Services Limited CRISIL AAA 0.33%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.16%Bajaj Finance Limited CARE AAA 0.14%Bharti Airtel Limited CRISIL AA 0.11%NHPC Limited ICRA AAA 0.07%Export Import Bank of India CRISIL AAA 0.01%CERTIFICATE OF DEPOSIT 7.11%IndusInd Bank Limited CRISIL A1+ 3.36%Small Industries Dev Bank of India CARE A1+ 1.60%Export Import Bank of India CRISIL A1+ 1.08%ICICI Bank Limited ICRA A1+ 1.08%ZERO COUPON BOND 3.04%Dewan Housing Finance Corporation Limited CARE AA+ 1.60%Mahindra & Mahindra Financial Services Limited IND AAA/CARE AAA 1.04%Kotak Mahindra Prime Limited CRISIL AAA 0.29%HDB Financial Services Limited CRISIL AAA 0.07%Axis Finance Limited IND AAA 0.03%GOVERNMENT BOND 3.00%7.17% GOI (MD 08/01/2028) Sovereign 0.57%8.12% GOI (MD 10/12/2020) Sovereign 0.47%6.79% GOI (MD 15/05/2027) Sovereign 0.29%7.68% GOI (MD 15/12/2023) Sovereign 0.24%8.13% GOI (MD 22/06/2045) Sovereign 0.24%7.88% GOI (MD 19/03/2030) Sovereign 0.23%7.59% GOI(MD 11/01/2026) Sovereign 0.22%9.20% GOI (MD 30/09/2030) Sovereign 0.13%7.32% GOI (MD 28/01/2024) Sovereign 0.12%6.65% GOI (MD 09/04/2020) Sovereign 0.11%7.40% GOI (MD 09/09/2035) Sovereign 0.11%7.73% GOI (MD 19/12/2034) Sovereign 0.09%8.83% GOI (MD 25/11/2023) Sovereign 0.07%8.15% GOI (MD 24/11/2026) Sovereign 0.05%7.35% GOI (MD 22/06/2024) Sovereign 0.05%6.79% GOI (MD 26/12/2029) Sovereign 0.01%8.35% GOI (MD 14/05/2022) Sovereign 0.01%7.37% GOI (MD 16/04/2023) Sovereign 0.003%7.59% GOI (MD 20/03/2029) Sovereign 0.002%PASS THROUGH CERTIFICATE 2.76%Rainbow Devices Trust ICRA AAA(SO) 1.44%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.32%COMMERCIAL PAPER 1.89%Indiabulls Housing Finance Limited CRISIL A1+ 0.78%JSW Steel Limited ICRA A1+ 0.56%Dewan Housing Finance Corporation Limited CRISIL A1 0.55%STATE GOVERNMENT BOND 1.15%8.28% Gujarat SDL (MD 20/02/2029) Sovereign 0.57%8.66% Tamilnadu SDL (MD 25/01/2022) Sovereign 0.43%8.15% Rajasthan UDAY BOND (MD 23/06/2021) Sovereign 0.07%6.92% Maharastra SDL(MD 11/01/2022) Sovereign 0.04%8.21% Haryana UDAY BOND (MD 31/03/2022) Sovereign 0.02%8.27% Rajasthan UDAY BOND (MD 23/06/2023) Sovereign 0.02%8.61% Uttar Pradesh Uday BOND (MD 21/03/2022) Sovereign 0.01%TREASURY BILL 0.33%364 DAYS TBILL Sovereign 0.31%91 Days TBILL Sovereign 0.02%NET CURRENT ASSETS 9.25%

GRAND TOTAL 100.00%

Corporate Bond 71.46% Certificate of Deposit 7.11% Zero Coupon Bond 3.04% Government Bond 3.00% Pass Through Certificate 2.76% Commercial Paper 1.89% State Government Bond 1.15% Treasury Bill 0.33% Net Current Assets 9.25%

Sovereign/ AAA & equivalent$ 86.9% AA+ 9.0% AA 3.6% A 0.6%


ENTRY & EXIT LOAD



PORTFOLIO

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

147.15 Cr.


146.76 Cr.

BENCHMARK

NIFTY Composite Debt Index

AVERAGE MATURITY*

6.1 yearsMODIFIED DURATION*



8.63%

Mr. R. SivakumarWork experience: 20 years.

He has been managing this fund since inception



FUND MANAGER


INVESTMENT OBJECTIVE: To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.

AXIS DYNAMIC BOND FUND(An Open-Ended Dynamic Debt Scheme Investing Across Duration)

20


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Sep 25, 2018 0.1800 0.1667 10.5609 10.3109 0.1800 0.1667 11.3205 11.0705Mar 26, 2018 0.1805 0.1672 10.6926 10.4426 0.1805 0.1672 11.3943 11.1443Sep 25, 2017 0.3611 0.3345 11.1287 10.6287 0.3611 0.3345 11.7742 11.2742Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203

Quarterly DividendDec 26, 2018 0.1800 0.1667 10.5617 10.3117 0.1800 0.1667 10.8404 10.5904Sep 25, 2018 0.1440 0.1334 10.3437 10.1437 0.1800 0.1667 10.6403 10.3903Jun 25, 2018 - - - - 0.1800 0.1667 10.7399 10.4899

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters.

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Dynamic Bond Fund - Growth 6.88% 10,688 7.64% 12,470 8.49% 15,035 8.19% 18,54527-Apr-11NIFTY Composite Debt Index (Benchmark) 7.01% 10,701 7.48% 12,415 8.72% 15,193 8.12% 18,454

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.83% 16,798Axis Dynamic Bond Fund - Direct Plan - Growth 7.79% 10,779 8.59% 12,805 9.67% 15,865 9.01% 17,020

01-Jan-13NIFTY Composite Debt Index (Benchmark) 7.01% 10,701 7.48% 12,415 8.72% 15,193 7.84% 15,922NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.50% 14,742Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs.10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 29 schemes. Please refer to annexure on Page 42& 44 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

Instrument Type/Issuer Name RATING % Of NAV




Punjab National Bank IND A+ 7.13%

Union Bank of India BWR AA 7.11%


Syndicate Bank IND A+ 5.33%


Renew Power Limited CARE A+ 3.41%


National Highways Auth Of Ind CRISIL AAA 3.39%

Tata Power Company Limited CRISIL AA- 2.81%

India Infrastructure Fin Co Ltd CRISIL AAA 1.78%

Ess Kay Fincorp Limited IND A(SO) 0.93%

GOVERNMENT BOND 22.57%

7.17% GOI (MD 08/01/2028) Sovereign 13.26%

7.40% GOI (MD 09/09/2035) Sovereign 6.55%

7.68% GOI (MD 15/12/2023) Sovereign 1.39%

8.35% GOI (MD 14/05/2022) Sovereign 0.71%

6.79% GOI (MD 15/05/2027) Sovereign 0.44%

8.60% GOI (MD 02/06/2028) Sovereign 0.22%


IIERT TRUST CRISIL AAA(SO) 3.00%

Zenith Trust ICRA A(SO) 1.56%

Solstice Trust ICRA AA-(SO) 0.60%


GRAND TOTAL 100.00%

Corporate Bond 61.44%

Government Bond 22.57%

Pass Through Certificate 5.16%

Net Current Assets 10.83%

AAA, SOV & Equivalent 71.13% A+ 15.86% AA 7.11% AA- 3.40% A 2.50%


ENTRY & EXIT LOAD* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.



PORTFOLIO

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

234.05 Cr.


236.03 Cr.

BENCHMARK

NIFTY Corporate Bond Index

AVERAGE MATURITY*




8.60%

COMPOSITION BY ASSETS (%)

INVESTMENT OBJECTIVE: The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no assurance or guarantee that the objectives of the Scheme will be realized.

AXIS CORPORATE DEBT FUND(An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds)

21


He has been managing this fund since 13th July 2017.

FUND MANAGER

COMPOSITION BY RATING (%)


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly Dividend

Feb 25, 2019 0.0338 0.0313 10.0970 10.0500 0.0384 0.0356 10.1034 10.0500Jan 25, 2019 0.0508 0.0470 10.1205 10.0500 0.0552 0.0511 10.1267 10.0500Dec 26, 2018 0.0873 0.0808 10.1712 10.0500 0.0918 0.0850 10.1775 10.0500Nov 26, 2018 0.0602 0.0557 10.1404 10.0500 0.0650 0.0602 10.1336 10.0500

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. .

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Corporate Debt Fund - Regular Plan - Growth 8.07% 10,807 NA NA NA NA 7.31% 11,21813-Jul-17NIFTY Corporate Bond Index (Benchmark) 6.75% 10,675 NA NA NA NA 5.72% 10,949

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.22% 11,204Axis Corporate Debt Fund - Direct Plan 8.98% 10,898 NA NA NA NA 8.23% 11,376

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 6.75% 10,675 NA NA NA NA 5.72% 10,949NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.22% 11,204Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the schmes since 13th July 2017 and he manages 29 schemes. Please refer to annexure on Page 44 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio





Dewan Housing Finance Corporation Limited

BWR AA+ 7.50%

Bank of BarodaCARE AA/IND

AAA6.20%

State Bank of India CRISIL AAA 4.32%

Aditya Birla Finance Limited ICRA AAA 4.26%

NRSS XXIX Transmission Limited CRISIL AAA 4.25%


Jamnagar Utilities & Power Private Limited

CRISIL AAA 4.20%

Power Grid Corporation of India Limited

CRISIL AAA 4.20%


LIC Housing Finance Limited CARE AAA 2.12%

Indian Railway Finance Corporation Limited

CRISIL AAA 2.12%


HDFC Bank Limited CRISIL AAA 2.08%

REC LIMITED CRISIL AAA 2.08%




7.32% GOI (MD 28/01/2024) Sovereign 4.28%

7.17% GOI (MD 08/01/2028) Sovereign 4.12%


Small Industries Dev Bank of India CARE A1+ 5.94%






JSW STEEL LIMITED ICRA A1+ 2.09%

NET CURRENT ASSET 5.73%

NET ASSET 100.00%

Corporate Bond 73.64% Government Bond 8.40% Certificate of Deposit 5.94% Pass Through Certificate 4.21% Commercial Paper 2.09% Net Current Assets 5.73%

AAA, SOV & Equivalent 88.40% AA+ 7.50% A+ 2.07% AA 2.03%

Entry Load :NAExit Load : Nil. (w.e.f. December 3, 2018)

ENTRY & EXIT LOAD




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend Sep 25, 2018 0.3601 0.3335 10.8759 10.3759 0.3601 0.3335 11.2089 10.7089Mar 26, 2018 0.3611 0.3345 11.1951 10.6951 0.3611 0.3345 11.4850 10.9850Sep 25, 2017 0.3611 0.3345 11.3877 10.8877 0.3611 0.3345 11.6281 11.1281Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724

Quarterly Dividend Dec 26, 2018 0.1440 0.1334 10.3747 10.1747 0.1800 0.1667 10.9823 10.7323Sep 25, 2018 0.1404 0.1300 10.2587 10.0638 0.1800 0.1667 10.8863 10.6363Jun 25, 2018 0.1440 0.1334 10.3468 10.1468 0.1800 0.1667 11.0014 10.7514

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters.

DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

1,255.48 Cr.


1,248.01 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index

AVERAGE MATURITY*


*



9.63%

Mr. Devang ShahWork experience: 14 years.He has been managing this fund since 5th November

2012.

Mr Dhaval PatelWork experience: 14 years.He has been co-managing

this fund since 1st June 2018

FUND MANAGER


PORTFOLIO

INVESTMENT OBJECTIVE: To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

DIVIDENDS

22

(An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)

AXIS STRATEGIC BOND FUND




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Growth 7.02% 10,702 8.80% 12,879 9.37% 15,654 8.77% 17,90628-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 6.76% 10,676 7.61% 12,462 8.57% 15,086 8.55% 17,652

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 7.14% 16,124Axis Strategic Bond Fund - Direct Plan - Growth 7.74% 10,774 9.55% 13,147 10.32% 16,343 9.39% 17,355

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 6.76% 10,676 7.61% 12,462 8.57% 15,086 8.10% 16,136NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.39% 14,633Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 29 schemes amd Dhaval Patel schemes is managing the scheme since 1st June 2018 and he manages 1 scheme of Axis Mutual Fund. Please refer to annexure on Page 44 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 77.53%


Dewan Housing Finance Corporation Limited CARE AA+/BWR AA+ 3.34%


PVR Limited CRISIL AA- 3.15%



Bharti Airtel Limited CRISIL AA 2.93%

Jubilant Life Sciences Limited CRISIL AA 2.80%

Coastal Gujarat Power Limited CARE AA(SO) 2.78%



ICICI Bank Limited ICRA AA+ 2.35%

JM Financial Products Limited CRISIL AA/ICRA AA 2.30%


JK Lakshmi Cement Limited CARE AA- 1.99%



Bhopal Dhule Transmission Company Limited CRISIL AAA 1.93%



Vijaya Bank ICRA AA- 1.76%



Northern Arc Capital Limited ICRA A+ 1.60%




Talwandi Sabo Power Limited CRISIL AA(SO) 1.28%

Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.20%


Dalmia Cement (Bharat) Limited ICRA AA 1.19%

Subros Limited ICRA AA- 0.95%


Vedanta Limited CRISIL AA 0.95%

Narmada Wind Energy Private Limited CARE A+(SO) 0.77%

Tata Power Company Limited CRISIL AA- 0.74%


Sikka Ports and Terminals Limited CRISIL AAA 0.68%

Hansdeep Industries & Trading Company Limited CARE AA-(SO) 0.57%

IKF Finance Limited CARE A- 0.53%

Edelweiss Commodities Services Limited ICRA AA 0.50%


ECL Finance Limited ICRA AA 0.39%

Ess Kay Fincorp Limited IND A(SO) 0.37%


Hindalco Industries Limited CRISIL AA 0.16%

Asirvad Microfinance Ltd CRISIL A+ 0.12%


7.17% GOI (MD 08/01/2028) Sovereign 5.07%

8.35% GOI (MD 14/05/2022) Sovereign 0.13%

7.88% GOI (MD 19/03/2030) Sovereign 0.12%

8.83% GOI (MD 25/11/2023) Sovereign 0.04%

8.60% GOI (MD 02/06/2028) Sovereign 0.04%

8.15% GOI (MD 24/11/2026) Sovereign 0.01%

7.59% GOI (MD 20/03/2029) Sovereign 0.003%



ZENITH TRUST ICRA A(SO) 1.32%



Solstice Trust ICRA AA-(SO) 0.51%


JSW Techno Projects Management Limited BWR A(SO) 2.08%

Raj Infraproperties Private Limited BWR AA-(SO) 2.02%

IIFL Home Finance Limited CRISIL AA 0.83%

STATE GOVERNMENT BOND 0.25%

8.19% Rajasthan UDAY BOND (MD 23/06/2026) Sovereign 0.20%

8.16% Gujarat SDL (MD 30/01/2029) Sovereign 0.05%


GRAND TOTAL 100.00%

Corporate Bond 77.53% Government Bond 5.41% Pass Through Certificate 5.35% Zero Coupon Bond 4.93% State Government Bond 0.25% Net Current Assets 6.53%

Sovereign/ AAA & equivalent 39.08% AA 23.78% AA- 16.15% A+ 9.64% AA+ 7.05% A 3.77% A- 0.53%

ENTRY & EXIT LOAD

Entry Load :NAExit Load : If redeemed / switched-out within 12 months from the date of allotmentFor 10% of investment : NilFor remaining investment : 1%If redeemed/switched out after 12 months from the date of allotment : Nil




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 25, 2019 0.0396 0.0367 10.1435 10.0885 0.0466 0.0432 10.0975 10.0327Monthly Dividend

Jan 25, 2019 0.0517 0.0479 10.1645 10.0926 0.0580 0.0537 10.1173 10.0366Dec 26, 2018 0.0695 0.0643 10.1953 10.0988 0.0758 0.0701 10.1480 10.0428

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. .

PORTFOLIO

DATE OF ALLOTMENT


1,634.41 Cr.


1,621.55 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index

AVERAGE MATURITY*


*



10.08%



FUND MANAGER


INVESTMENT OBJECTIVE: To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

AXIS CREDIT RISK FUND(An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds (Excluding AA+ Rated Corporate Bonds)

23

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Credit Risk Fund - Regular Plan - Growth 6.47% 10,647 7.39% 12,386 NA NA 8.15% 14,37015-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 7.29% 10,729 8.43% 12,747 NA NA 9.03% 14,917

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.66% 14,068Axis Credit Risk Fund - Direct Plan - Growth 7.75% 10,775 8.78% 12,870 NA NA 9.40% 15,152

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 7.29% 10,729 8.43% 12,747 NA NA 9.03% 14,917NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.66% 14,068Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 29 schemes. Please refer to annexure on Page 44 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Instrument Type/Issuer Name RATING% Of NAV

CORPORATE BOND 73.19%Dewan Housing Finance Corporation Limited BWR AA+ 4.83%PVR Limited CRISIL AA- 3.92%Talwandi Sabo Power Limited CRISIL AA(SO) 3.37%Dalmia Cement (Bharat) Limited ICRA AA 3.37%Tata Power Company Limited IND AA/CRISIL AA- 3.15%Power Grid Corporation of India Limited CRISIL AAA 2.80%Coastal Gujarat Power Limited CARE AA(SO) 2.75%Edelweiss Commodities Services Limited CRISIL AA/ICRA AA 2.71%Birla Corporation Limited ICRA AA 2.69%Hinduja Leyland Finance Limited CARE AA- 2.56%Renew Power Limited CARE A+ 2.53%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.39%IndoStar Capital Finance Limited CARE AA- 2.37%Narmada Wind Energy Private Limited CARE A+(SO) 2.37%Bank of Baroda CARE AA 2.22%JK Lakshmi Cement Limited CARE AA- 2.15%ECL Finance Limited ICRA AA 2.11%Indiabulls Housing Finance Limited BWR AAA 2.03%Northern Arc Capital Limited ICRA A+ 1.78%IKF Finance Limited CARE A- 1.63%LIC Housing Finance Limited CARE AAA 1.55%Jubilant Life Sciences Limited CRISIL AA 1.55%Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.54%Bahadur Chand Investments Pvt Limited ICRA AA 1.54%Zydus Wellness Limited CRISIL AA+ 1.54%Power Finance Corporation Limited CRISIL AAA 1.53%Hansdeep Industries & Trading Company Limited CARE AA-(SO) 1.43%Vodafone Mobile Services Limited CRISIL A+ 1.41%Muthoot Finance Limited CRISIL AA 1.33%Magma Fincorp Limited ICRA AA- 1.29%Bhopal Dhule Transmission Company Limited CRISIL AAA 1.20%Asirvad Microfinance Ltd CRISIL A+ 1.06%Union Bank of India BWR AA 1.01%Reliance Jio Infocomm Limited CRISIL AAA 1.00%Piramal Enterprises Limited ICRA AA 0.92%Nuvoco Vistas Corporation Limited CRISIL AA 0.91%Syndicate Bank IND A+ 0.90%Punjab National Bank IND A+ 0.88%NABARD CRISIL AAA 0.62%Ess Kay Fincorp Limited IND A(SO) 0.62%Subros Limited ICRA AA- 0.49%Nirma Limited CRISIL AA 0.42%Bharti Airtel Limited CRISIL AA 0.30%Food Corporation Of India CRISIL AAA(SO) 0.20%Vijaya Bank ICRA AA- 0.18%JM Financial Products Limited CRISIL AA 0.06%REC Limited CRISIL AAA 0.06%Vedanta Limited CRISIL AA 0.06%PASS THROUGH CERTIFICATE 9.77%Sansar Trust ICRA AAA(SO) 4.07%Zenith Trust ICRA A(SO) 2.37%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.43%IIERT TRUST CRISIL AAA(SO) 1.25%Solstice Trust ICRA AA-(SO) 0.65%ZERO COUPON BOND 6.85%Indian Hospitals Corporation Ltd BWR AA-(SO) 2.86%JSW Techno Projects Management Limited BWR A(SO) 2.56%IIFL Home Finance Limited CRISIL AA 1.42%GOVERNMENT BOND 0.58%7.40% GOI (MD 09/09/2035) Sovereign 0.30%6.79% GOI (MD 15/05/2027) Sovereign 0.12%8.83% GOI (MD 25/11/2023) Sovereign 0.10%7.35% GOI (MD 22/06/2024) Sovereign 0.03%7.59% GOI (MD 20/03/2029) Sovereign 0.03%7.59% GOI(MD 11/01/2026) Sovereign 0.004%STATE GOVERNMENT BOND 0.40%8.27% Rajasthan UDAYBOND (MD 23/06/2022) Sovereign 0.22%8.15% Rajasthan UDAY BOND (MD 23/06/2021) Sovereign 0.12%8.19% Rajasthan UDAY BOND (MD 23/06/2026) Sovereign 0.06%NET CURRENT ASSETS 3.05%GRAND TOTAL 100.00%

Corporate Bond 79.37% Pass Through Certificate 9.77% Zero Coupon Bond 6.85% Government Bond 0.58% State Government Bond 0.40% Net Current Assets 3.05%

AA 31.13% Sovereign/ AAA & equivalent 24.19% AA- 20.20% A+ 10.93% AA+ 6.37% A 5.55% A- 1.63%

ENTRY & EXIT LOAD

Entry Load :NAExit Load : If redeemed / switched-out within 12 months from the date of allotment:- For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Sep 25, 2018 0.3601 0.3335 10.8063 10.3063 - - - -

Half Yearly Dividend

Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -Sep 25, 2017 0.3611 0.3345 11.8824 11.3824 - - - -Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Feb 25, 2019 0.0295 0.0273 10.0512 10.0102 0.0326 0.0302 10.0566 10.0113Jan 25, 2019 0.0735 0.0794 10.1378 10.0276 0.0819 0.0759 10.1423 10.0289

Regular Dividend Dec 26, 2018 0.1085 0.1005 10.3157 10.1650 0.1113 0.1030 10.3202 10.1656Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months.

PORTFOLIO

RATING % OF ASSETS

TREASURY BILL 56.46%

45 DAYS TBILL Sovereign 56.46%


7.17% GOI (MD 08/01/2028) Sovereign 27.55%

8.60% GOI (MD 02/06/2028) Sovereign 5.72%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

35.31 Cr.


35.32 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index

AVERAGE MATURITY*




6.78%


He has been managing this fund since 5th November 2012.

FUND MANAGER


INVESTMENT OBJECTIVE: The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government

AXIS GILT FUND(An Open Ended Debt Scheme Investing In Government Securities Across Maturity)

24


DIVIDENDS

* For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Gilt Fund - Growth 7.47% 10,747 6.56% 12,100 8.08% 14,752 6.61% 15,75723-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 9.87% 10,987 7.43% 12,398 8.71% 15,186 7.43% 16,634

Axis Gilt Fund - Direct Plan - Growth 8.02% 10,802 7.11% 12,288 8.64% 15,134 7.06% 15,22101-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 9.87% 10,987 7.43% 12,398 8.71% 15,186 7.17% 15,322

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 29 schemes. Please refer to annexure on Page 44 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

Treasury Bill 56.46% Government Bond 33.27% Net Current Assets 10.27%


ENTRY & EXIT LOAD





Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendFeb 25, 2019 6.2288 5.7679 1,017.6343 1,008.9869 6.3939 5.9207 1,017.8654 1008.9890Jan 25, 2019 5.0937 4.7168 1,016.0584 1,008.9869 5.2454 4.8574 1,016.2713 1008.9890Dec 26, 2018 8.7047 8.0606 1,021.0714 1,008.9869 8.8735 8.2167 1,021.3076 1008.9890


PORTFOLIO

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

2,869.19 Cr.


3,160.54 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index

AVERAGE MATURITY*




8.01%



FUND MANAGER


INVESTMENT OBJECTIVE: To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs).The scheme shall endeavor to generate optimum returns with low credit risk.

AXIS BANKING & PSU DEBT FUND(An Open Ended Debt Scheme Predominantly Investing In Debt Instruments Of Banks, Public Sector Undertakings & Public Financial Institutions)

25

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Banking & PSU Debt Fund - Growth 8.08% 10,808 7.82% 12,535 8.22% 14,844 8.37% 17,17508-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 6.21% 10,621 7.27% 12,342 8.20% 14,832 8.19% 16,982

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.60% 16,371Axis Banking & PSU Debt Fund - Direct Plan - Growth 8.39% 10,839 8.06% 12,617 8.44% 14,996 8.48% 16,514

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 6.21% 10,621 7.27% 12,342 8.20% 14,832 7.95% 16,023NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,712Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ̀ 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 5 schemes at Axis Mutual Fund. Please refer to annexure on Page 43 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).



National Bank For Agriculture and Rural Development

CRISIL AAA 11.07%

Small Industries Dev Bank of India CARE AAA 9.41%




Food Corporation Of India CRISIL AAA(SO) 7.43%




State Bank of India CRISIL AAA 3.87%

Indian Railway Finance Corporation Limited

CRISIL AAA 2.52%

NHPC LimitedICRA AAA/IND

AAA2.15%


NTPC Limited CRISIL AAA 1.14%

Housing Development Finance Corporation Limited

CRISIL AAA 0.80%

Bharat Petroleum Corporation Limited CRISIL AAA 0.78%

Tata Sons Private Ltd CRISIL AAA 0.71%

Jamnagar Utilities & Power Private Limited CRISIL AAA 0.60%



STATE GOVERNMENT BOND 2.12%

8.21% Haryana UDAY BOND(MD 31/03/2022) Sovereign 1.25%

8.39% Rajasthan UDAY BOND(MD 15/03/2022) Sovereign 0.87%


GRAND TOTAL 100.00%

Corporate Bond 85.41% Zero Coupon Bond 4.29% State Government Bond 2.12% Net Current Assets 8.17%


ENTRY & EXIT LOAD



Quick Take - Equity

•

•

•

Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward.

We remain bullish on equities from a medium to long term perspective

Investors are suggested to have their asset allocation plan based on one’s risk appetite and future goals in life.

Quick Take - Fixed Income

10 yr G-Sec : Last 1 year

7.41%

7.73%•

•

•

Tactical opportunities have emerged across the corporate bond curve, Added maturities across portfolios through selective corporate long bonds.

Manageable Inflation and attempts to stimulate growth in the economy are likely to push bond yields down post April.

We advise investors to stay invested in short to medium term strategies and actively look at credit funds. Accrual investors may look at medium term roll down strategies to lock in attractive rates at current levels.

2.9%

Key highlights

HYBRIDOUTLOOK

MARCH 2019

Volatility continued to define the markets as rising geo-political tensions and the threat of war kept markets on their toes. The S&P BSE Sensex and NIFTY 50 ended the month down 1% and 0.3% respectively. The market continued to remain narrow with a handful of stocks driving markets. Broader market indices continued to see negativity with the NIFTY Midcap & NIFTY Smallcap 100 indexes down 1.1% and 3.2% respectively

The December corporate earnings season for both NIFTY 50 companies and the broader universe was in line with market expectations, with domestic cyclicals led by financials picking up the baton from global cyclicals as the driver of earnings growth. Corporate Banks, IT and Consumer delivered a strong performance, while Autos and Cement disappointed. Top-line growth for was at a multi-quarter high on the back of growth traction in the economy. However, this failed to translate into EBITDA growth on the back of cost pressures.

Corporate Banks showed a material sequential improvement in the slippage/asset quality trends. This provides good visibility on the earnings outlook, as the signs of a fading NPA cycle show profitability returning materially to the sector. The NBFC universe delivered an in-line performance, but saw some moderation in the growth estimates owing to the prevailing stress in the liquidity and cost of funds environment. Disbursement growth moderated on expected lines.

Key Events During the Month

• 10 Year ended the month at 7.41%: The benchmark yield on the 10 Year G-Sec moved up post the change in RBI stance and ended the month at 7.41% in February The spike in yields was on account of the tensions on the border and the anticipated supply of paper. Bond markets continue to be driven by liquidity as the RBI conducted OMOs to the tune of ` 37,500 Cr and Repo auctions of 100,000 Cr. The RBI has also announced an additional OMO of 25,000 Cr. in the first fortnight of March.

``

INVESTORS

Equity Investors

Debt Investors

••

•

•

•

Do not Panic - Corrections are healthy.Timing the markets is dangerous - Invest Systematically, Invest Regularly, Invest Responsibly.Be fearful when others are greedy.Be greedy when others are fearful.

Select a fund that meets your risk profile. Investing in credits is all about process.Select a fund house with a robust investment process and credit management system.

DISTRIBUTORS

•

•

•





26

Source: Bloomberg, Axis MF Research.

Key highlights (Contd.)

• RBI Policy & Minutes – Change in Policy Stance: The Reserve Bank of India (RBI) decided to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 bps and changed its stance from ‘Calibrated tightening’ to ‘neutral’ in its last policy meet for the year. RBI believes inflation is manageable and hence changed its stance citing need to spur growth and consumption. The minutes further echoed the dovish stance of the MPC and discussed measures on easing strains on the corporate bond market as a confidence building measure for market participants.

• Q3 GDP – Tempering Expectations: India Q3 GDP print came in at 6.6% lower than market estimates dragged by agriculture and public spending. In an attempt to maintain the fiscal deficit projections, government spending slowed to a trickle further dragging GDP growth. Manufacturing and construction remained strong drivers despite high base effects as is evident in private corporate earnings mentioned above. Gross fixed capital formation registered a double digit growth for the 5th consecutive quarter at 10.6%.

• Tepid CPI Inflation – Core Remains High: Consumer price inflation eased further to 2.05% in January V/s 2.2% in December. Benign food inflation remained a key factor in the low inflation. Core inflation continues to remain stubborn as cost of manufactured goods and industrial raw materials saw a surge in prices. Brent crude ended the month at US$66/barrel as coordinated normalization in supply drove prices to OPEC ‘acceptable levels’. The India crude basket followed suit and ended the month at US$65.3/barrel. INR remained stable against the greenback to end the month at Rs 70.85/$.

• US Fed – Changing Stance, Peaking Rates: The Fed's first meeting of 2019 proved to be an eventful one, with the FOMC delivering a meaningfully dovish statement while at the same time taking a step towards an early end to balance sheet normalization. The FOMC is now "patient," and no longer has a strong bias on whether the next rate move will be up or down.

Market View

Equity Markets

The true test of any portfolio is in times of market uncertainty. Our focus has remained on alpha generation and fundamentals of our investee companies. Amidst heightened volatility, we believe our portfolios have remained relatively sheltered as we have effectively managed our exposure to high beta and at times taken cash calls in select portfolios. Our focus continues to remain on quality as we are cautiously optimistic on markets over the medium term. The markets have seen bouts of volatility over the last few months and currently offer reasonable valuations in select pockets.

Knee jerk reactions to news events are likely to remain part and parcel of equity markets for the next few quarters. Hence, Investors are advised to deploy funds in a phased manner. Systematic investments into equity products could also help investors ride out short term volatility.

Debt Markets

The change in policy stance by the RBI, while a sentimental positive, surprised the bond market. Given this change, most participants are now expecting a further easing of rates by March 31st 2019. We believe the MPC may cut rates again before April citing low inflation in the backdrop of waning Q3 GDP numbers. Under this assumption we believe the entire debt curve offers tactical opportunities with a bias towards long bonds. Given the current premia of Corporate long bonds over G-Secs, we prefer the corporate bond space

Over the course of FY 2019, the RBI has pumped in significant durable liquidity into the system. This has propped asset prices. Given high real interest rates, the RBI MPC may remain comfortable with real rates at 150-200bps in an attempt to attract foreign fund flows. With seasonally tight liquidity conditions normalizing post April, we believe there is scope for bonds across the curve to rally 30-40bps in Q1FY20 in the run up to the elections.

Given our outlook we have selectively added duration in our portfolios through long bonds. Elevated spreads have made the risk reward more attractive in AA credits and hence we have selectively added such credits across our portfolios as well. As always our prudent investment norms and strong risk mitigation framework have helped us sidestep material credit risk The corporate bond spread in the short to medium tenor space also offers material opportunities for buy and hold investors and hence believe that investors should consider deploying funds in roll down strategies.

27

Please refer to page no 39-40, 44, 45,47 for NAV, TER, Riskometer & Statutory Details.28

COMPOSITION BY RATING (%)DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

739.30 Cr.


736.24 Cr.

BENCHMARK

NIFTY50 Equity Savings Index

Mr. Anupam TiwariWork experience: 13 years.

He has been managing this fund since 06th Oct ‘16



FUND MANAGER

INVESTMENT OBJECTIVE: The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

AXIS EQUITY SAVER FUND(An Open Ended Scheme Investing In Equity, Arbitrage And Debt)

AVERAGE MATURITY@*


@*


9.63%PORTFOLIO TURNOVER# (1 YEAR)

4.48 times

Issuer Industry/Rating Equity Exposure

Derivate Exposure

Net Exposure % of Net Assets

EQUITY 65.70% -24.53% 41.17%

HDFC Bank Limited Banks 4.49% 4.49%

Tata Consultancy Services Limited Software 3.38% -0.02% 3.36%Reliance Industries Limited Petroleum Products 3.90% -0.82% 3.09%

Infosys Limited Software 3.05% 3.05%

HDFC Limited Finance 5.11% -2.32% 2.79%ICICI Bank Limited Banks 2.86% -0.25% 2.61%

Kotak Mahindra Bank Limited Banks 2.18% 2.18%

Bajaj Finance Limited Finance 1.90% -0.05% 1.86%Hindustan Unilever Limited Consumer Non Durables 2.18% -0.36% 1.82%Gruh Finance Limited Finance 1.81% 1.81%Britannia Industries Limited Consumer Non Durables 1.97% -0.30% 1.67%Sundaram Finance Limited Finance 1.62% 1.62%TCNS Clothing Co. Limited Textile Products 1.22% 1.22%Mahindra & Mahindra Financial Services Limited Finance 6.49% -5.33% 1.16%Cholamandalam Investment and Finance Company Limited

Finance 1.08% 1.08%

Nestle India Limited Consumer Non Durables 0.98% 0.98%Asian Paints Limited Consumer Non Durables 0.96% 0.96%Maruti Suzuki India Limited Auto 3.79% -2.82% 0.96%Cummins India Limited Industrial Products 0.86% 0.86%ACC Limited Cement 0.82% 0.82%Voltas Limited Construction Project 0.77% 0.77%Wipro Limited Software 0.76% 0.76%Larsen & Toubro Limited Construction Project 0.60% 0.60%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.65%DEBT SECURITIESCORPORATE BOND 23.18%REC Limited CRISIL AAA 3.97%Bank of Baroda CARE AA 3.60%ICICI Bank Limited ICRA AA+ 3.51%Reliance Industries Limited CRISIL AAA 2.62%Punjab National Bank IND A+ 2.46%Piramal Capital & Housing Finance Limited ICRA AA+ 1.76%Dewan Housing Finance Corporation Limited BWR AA+ 1.33%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.91%

Hinduja Leyland Finance Limited CARE AA- 0.68%Power Grid Corporation of India Limited CRISIL AAA 0.68%Union Bank of India BWR AA 0.64%NABARD CRISIL AAA 0.63%Syndicate Bank IND A+ 0.40%FIXED DEPOSIT 8.29%HDFC Bank Limited Fixed Deposit 8.29%GOVERNMENT BOND 0.80%8.28% GOI (M/D 21/09/2027) Sovereign 0.71%7.72% GOI (MD 26/10/2055) Sovereign 0.06%7.35% GOI (MD 22/06/2024) Sovereign 0.03%PASS THROUGH CERTIFICATE 0.23%IIERT TRUST CRISIL AAA(SO) 0.23%CASH & OTHER NET CURRENT ASSETS 1.80%NET ASSETS 100.00%

PORTFOLIO

Unhedged Equity 41.17% Debt, Cash & Other receivables 34.30% Hedged Equity 24.53%



AAA, SOV & Equivalent 17.21% AA+ 7.51% AA 4.24% A+ 2.86% AA- 0.68%




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 25, 2019 0.0553 0.0553 10.5200 10.4600 0.0553 0.0553 10.9500 10.8900Jan 25, 2019 0.0553 0.0553 10.5100 10.4400 0.0553 0.0553 10.9300 10.8700

Monthly Dividend Dec 26, 2018 0.0553 0.0553 10.6025 10.5400 0.0553 0.0553 11.0225 10.9600

Quarterly DividendDec 26, 2018 0.1660 0.1660 10.7575 10.5700 0.1660 0.1660 11.1875 11.0000Sep 25, 2018 0.1660 0.1660 10.8975 10.7100 0.1660 0.1660 11.2975 11.1100Jun 25, 2018 0.1660 0.1660 11.0100 10.8200 0.1660 0.1660 11.3800 11.1900Mar 26, 2018 0.1875 0.1875 10.7975 10.6100 0.1875 0.1875 11.1175 10.9300


DIVIDENDS


@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. #Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered.


CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value ofInvestment of`. 10,000/-

CAGR (%)


CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Equity Saver Fund - Regular Plan - Growth 5.35% 10,535 9.29% 13,053 NA NA 6.26% 12,40014-Aug-15NIFTY50 Equity Savings Index (Benchmark) 5.64% 10,564 10.32% 13,425 NA NA 7.28% 12,827

Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 8.24% 13,242Axis Equity Saver Fund - Direct Plan - Growth 6.60% 10,660 10.59% 13,525 NA NA 7.52% 12,930

14-Aug-15NIFTY50 Equity Savings Index (Benchmark) 5.64% 10,564 10.32% 13,425 NA NA 7.28% 12,827Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 8.24% 13,242Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 7 schemes & R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 42 & 43 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD

Entry Load :NAExit Load : If redeemed / switched-out within 12 months from the date of allotment,- For 10% of investments : NIL - For remaining investment : 1%If redeemed / switched - out after 12 months from the date of allotment : NIL


INVESTMENT OBJECTIVE: To generate capital appreciation by investing in a portfolio of equity or equity linked securities while secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or

guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

AXIS DYNAMIC EQUITY FUND(An Open Ended Dynamic Asset Allocation Fund)

30

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,341.18 Cr.


2,339.17 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index

AVERAGE MATURITY*

270 days MODIFIED DURATION*


8.32%PORTFOLIO TURNOVER#

(1 YEAR)

3.90 times

Mr. Anupam TiwariWork experience: 13 years.


Mr. Ashwin PatniWork experience: 16 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 20 years.


Issuer Industry/Rating Equity Exposure

Derivate Exposure


EQUITY 65.79% -31.28% 34.51%

HDFC Bank Limited Banks 3.16% 3.16%

Reliance Industries Limited Petroleum Products 6.11% -3.52% 2.59%

Tata Consultancy Services Limited Software 3.00% -0.60% 2.40%

Infosys Limited Software 3.89% -1.61% 2.28%

ICICI Bank Limited Banks 2.16% -0.21% 1.95%

Sundaram Finance Limited Finance 1.61% 1.61%

HDFC Limited Finance 2.91% -1.36% 1.55%

Kotak Mahindra Bank Limited Banks 2.55% -1.12% 1.43%

Bajaj Finance Limited Finance 2.48% -1.12% 1.36%

TCNS Clothing Co. Limited Textile Products 1.36% 1.36%

Hindustan Unilever LimitedConsumer Non Durables

1.92% -0.59% 1.33%

Nestle India LimitedConsumer Non Durables

1.40% -0.18% 1.21%

Britannia Industries LimitedConsumer Non Durables

2.64% -1.43% 1.21%

Gruh Finance Limited Finance 1.13% 1.13%

Asian Paints LimitedConsumer Non Durables

1.76% -0.87% 0.89%

Larsen & Toubro Limited Construction Project 0.89% 0.89%

Mahindra & Mahindra Financial Services Limited

Finance 1.00% -0.14% 0.86%

ACC Limited Cement 0.85% -0.04% 0.80%

Cholamandalam Investment and Finance Company Limited

Finance 0.78% 0.78%

Endurance Technologies Limited Auto Ancillaries 0.75% 0.75%

Wipro Limited Software 1.11% -0.40% 0.72%

City Union Bank Limited Banks 0.71% 0.71%

Divi's Laboratories Limited Pharmaceuticals 0.91% -0.21% 0.71%

Maruti Suzuki India Limited Auto 2.47% -1.78% 0.69%

Varroc Engineering Limited Auto Ancillaries 0.58% 0.58%


DEBT SECURITIES 22.68%





Shriram Transport Finance Company Limited

CRISIL AA+ 1.78%









Piramal Enterprises Limited ICRA AA 0.43%

Piramal Capital & Housing Finance Limited

ICRA AA+ 0.21%


Tata Sons Private Ltd CRISIL AAA 0.21%


PORTFOLIO

Unhedged Equity 34.51% Debt, Cash & Other receivables 34.21% Hedged Equity 31.28%



AAA, SOV & Equivalent 11.26% AA+ 5.21% AA 3.64% AA- 1.85% A+ 0.72%




Period 1 Year Since Inception

CAGR (%)


CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Dynamic Equity Fund - Regular Plan - Growth 2.99% 10,299 4.32% 10,6901-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 4.92% 10,788

Nifty 50 (Additional Benchmark) 4.32% 10,432 5.45% 10,874Axis Dynamic Equity Fund - Direct Plan - Growth 4.67% 10,467 6.10% 10,980

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 4.92% 10,788Nifty 50 (Additional Benchmark) 4.32% 10,432 5.45% 10,874Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since inception and he manages 7 schemes , R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Ashwin Patni is managing the scheme since inception and he manages 17 schemes. Please refer to annexure on Page 42& 43 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

Issuer Industry/RatingEquity Expo-sure

Derivate Exposure


FIXED DEPOSIT 6.84%

HDFC Bank Limited Fixed Deposit 6.84%




ICRA AA+ 0.37%

CASH & OTHER NET CURRENT ASSETS 11.53%

NET ASSETS 100.00%

ENTRY & EXIT LOAD

Entry Load :NAExit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remain-ing investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL


AXIS EQUITY HYBRID FUND

32

INVESTMENT OBJECTIVE: To generate long term capital appreciation along with current income by investing in a mix of Equity and Equity related Instruments, debt Instruments and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

The Scheme does not assure or guarantee any returns.

(An open-ended hybrid scheme investing predominantly in equity and equity related instruments)

PORTFOLIO

MONTHLY AVERAGE

2,168.02 Cr.


2,151.33 Cr.

BENCHMARK

CRISIL Hybrid 35+65 - Aggres-

sive Index

Mr. Ashish Naik Work experience: 11 years.




FUND MANAGER

DATE OF ALLOTMENT

9th August 2018

Since scheme has not completed one year, performance details for the same are not provided.

Instrument Type/Issuer Name Industry/ Rating % OF NAV

EQUITY 75.34%












ITC Limited Consumer Non Durables 2.40%






Container Corporation of India Limited Transportation 1.62%

Torrent Pharmaceuticals Limited Pharmaceuticals 1.41%



Tech Mahindra Limited Software 1.27%




Max Financial Services Limited Finance 0.94%


HDFC Life Insurance Company Limited Finance 0.59%

Shree Cement Limited Cement 0.54%



DEBT SECURITIES


Andhra Bank CARE A1+ 4.64%

NABARD ICRA A1+ 1.08%











Indiabulls Housing Finance Limited CARE AAA 0.60%






MARGIN FIXED DEPOSIT 1.16%

HDFC Bank Limited 1.16%


NET ASSETS 100.00%


AVERAGE MATURITY*@

1.4 years MODIFIED DURATION*@



8.47%

DEBT COMPONENT


EQUITY 76.15% Debt, Cash & other current assets 23.85%



AA 5.49%

AA+ 1.58%

AA- 0.70%

ENTRY & EXIT LOAD

Entry Load :NAExit Load :If redeemed/ switched out on or before 12 months from the date of allotment:- For 10% of investment: Nil- For remaining investment: 1%If redeemed/ switched out after 12 months from the date of allotment: Nil




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

Mar 26, 2018 0.7222 0.6691 12.4612 11.4612 0.7222 0.6691 13.1199 12.1199Mar 27, 2017 0.7223 0.6692 12.5556 11.5556 0.5417 0.5019 12.7860 12.0360Mar 28, 2016 0.7222 0.6691 12.5739 11.5739 0.7222 0.6691 12.6583 11.6583Mar 25, 2015 0.3629 0.3365 12.6035 12.1035 0.3629 0.3365 12.5849 12.0849

Half Yearly Dividend Sep 25, 2018 0.3601 0.3335 11.1362 10.6362 0.3601 0.3335 11.8667 11.3667Mar 26, 2018 0.3611 0.3345 11.4652 10.9652 0.3611 0.3345 12.1281 11.6281Sep 25, 2017 0.3611 0.3345 11.6889 11.1889 0.3611 0.3345 12.2724 11.7724

Quarterly Dividend

Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Dec 26, 2018 0.1800 0.1667 10.7750 10.5250 0.1800 0.1667 13.5027 13.2527Sep 25, 2018 - - - - 0.1800 0.1667 13.5143 13.2643Jun 25, 2018 0.1440 0.1334 10.8254 10.6254 0.1800 0.1667 13.7449 13.4949

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. @ Based on debt portfolio only.

PORTFOLIO

Instrument Type/Issuer Name Industry/Rating

% OF NAV




Mahindra & Mahindra Financial Services Limited IND AAA 9.04%

Adani Transmission Limited IND AA+ 7.27%

Dewan Housing Finance Corporation Limited BWR AA+ 7.12%








Blue Dart Express Limited ICRA AA 0.01%

EQUITY 15.35%


















Multi Commodity Exchange of India Limited Finance 0.51%





NET ASSETS 100.00%

DATE OF ALLOTMENT


280.24 Cr.


275.27 Cr.

AVERAGE MATURITY@*

329 daysMODIFIED DURATION

@*


8.76%

Mr. Ashish NaikWork experience: 11 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER


He has been managing this fund since 07th June 2016

INVESTMENT OBJECTIVE: The Scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments.

AXIS REGULAR SAVER FUND (An Open Ended Hybrid Scheme Investing Predominantly In Debt Instruments)

DIVIDENDS

33

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Growth 3.58% 10,358 7.13% 12,297 8.86% 15,291 7.78% 19,08816-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index

(Benchmark)6.80% 10,680 10.14% 13,360 9.60% 15,821 8.89% 20,849

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 NA NAAxis Regular Saver Fund - Direct Plan - Growth 4.66% 10,466 8.49% 12,770 10.40% 16,406 9.59% 17,572

04-Jan-13NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark)

6.80% 10,680 10.14% 13,360 9.60% 15,821 9.15% 17,139

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.43% 14,672Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 29 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 42& 44 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

COMPOSITION BY ASSETS (%) Corporate Bond 70.09% Equity 20.21% Commercial Paper 3.56% Net Current Assets 6.14%


AAA, SOV & Equivalent 49.97% AA+ 14.39% A+ 3.99% AA 3.50% AA- 1.80%

ENTRY & EXIT LOAD

Entry Load :NAExit Load :If redeemed/switch out within 12 months from the date of allotment:- For 10% of investment : Nil - For remaining investment : 1%If redeemed/switch out after 12 months from the date of allotment: Nil



AXIS CHILDREN’S GIFT FUND(An Open Ended Fund, For Investment For Children, Having A Lock-In Of 5 Years Or Till The Child Attains Age Of Majority (Whichever Is Earlier))

INVESTMENT OBJECTIVE: The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

34

PORTFOLIO

Issuer Industry/Rating


EQUITY 69.04%










2.22%


Larsen & Toubro LimitedConstruction Project

2.02%


1.92%


Titan Company LimitedConsumer Durables

1.73%





ITC LimitedConsumer Non Durables

1.44%










V-Guard Industries LimitedIndustrial Capital Goods

1.05%



Camlin Fine Sciences Limited Chemicals 0.55%

Blue Dart Express Limited Transportation 0.52%

HDFC Life Insurance Company Limited Finance 0.50%












Ujjivan Small Finance Bank Limited CARE A+ 1.30%




7.59% GOI(MD 11/01/2026) Sovereign 0.13%


TMF HOLDINGS LIMITED CRISIL AA 1.22%


NET ASSETS 100.00%



DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

383.74 Cr.


384.55 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index

AVERAGE MATURITY@*


@*


8.84%PORTFOLIO TURNOVER#

(1 YEAR)

1.68 times


He has been managing this fund since 6th July 2016


He has been managing this fund since 07th June 2016.

FUND MANAGER

@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Returns greater than 1 year period are compounded annualised (CAGR).

Period 1 Year 3 Years Since Inception

CAGR (%)


CAGR (%)


CAGR (%)

Current Value of


Date of inception

Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Regular Plan - Growth

-1.03% 9,897 9.27% 13,046 6.98% 12,433

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.47% 14,614Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

0.55% 10,055 11.05% 13,694 8.71% 13,09408-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 10.79% 13,920

Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.47% 14,614Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

-1.03% 9,897 9.27% 13,045 6.98% 12,43208-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 10.79% 13,920

Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.47% 14,614Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

0.62% 10,062 11.31% 13,789 8.99% 13,202

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.47% 14,614Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Since inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 2015. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Ashish Naik manages 6 schemes & R. Sivakumar manages 7 schemes. Please refer to annexure on Page 42-43 for performance of all schemes managed by the fund managers.

COMPOSITION BY ASSETS (%) Unhedged Equity 69.04% Debt, Cash & Other receivables 30.96%

AAA, SOV & Equivalent 7.29% AA 7.15% AA+ 3.84% A+ 3.36% AA- 2.58%

ENTRY & EXIT LOAD

Entry Load :NAExit Load :Under Compulsory Lock-in: No exit load post lock-in periodUnder No Lock-in: an Exit Load of 3% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment.an Exit Load of 2% is payable if Units are redeemed / Switched-out after 1 year and upto 2 years from the date of allotmentan Exit Load of 1% is payable if Units are redeemed / Switched-out after 2 years and upto 3 years from the date of allotmentNil if Units are redeemed / switchhead-out after 3 years from the date of allotment



INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & Gold Exchange Traded Funds.

AXIS TRIPLE ADVANTAGE FUND(An Open Ended Scheme Investing In Equity, Debt And Gold)

35

PORTFOLIO

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

275.05 Cr.


274.85 Cr.

BENCHMARK65% of Nifty 50 + 20% of NIFTY Composite Debt

Index + 15% of INR Price of Gold

AVERAGE MATURITY@*

2.6 years


He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER


* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. £Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.

Regular Plan

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

DividendApr 17, 2014 0.4676 0.4478 11.3222 10.7222 Sep 17, 2012 0.7047 0.6040 11.2694 10.4694 Sep 21, 2011 0.7047 0.6040 10.9561 10.1561

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. @ Based on debt portfolio only.

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Triple Advantage Fund - Growth -0.31% 9,969 7.40% 12,388 7.30% 14,227 7.40% 18,383

23-Aug-1065% of Nifty 50 + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold (Benchmark)

6.42% 10,642 13.57% 14,647 10.92% 16,793 9.15% 21,096

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

7.99% 10,799 6.15% 11,962 8.07% 14,743 NA NA

Axis Triple Advantage Fund - Direct Plan - Growth

0.72% 10,072 8.61% 12,811 8.51% 15,046 7.33% 15,466

01-Jan-1365% of Nifty 50 + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold (Benchmark)

6.42% 10,642 13.57% 14,647 10.92% 16,793 9.58% 17,572

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

7.99% 10,799 6.15% 11,962 8.07% 14,743 6.50% 14,742

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 7 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 42 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR).

MODIFIED DURATION@*



1.12 times



EQUITY 69.15%











Larsen & Toubro LimitedConstruction Project

2.35%

TCNS Clothing Co. Limited Textile Products 2.03%




Titan Company LimitedConsumer Durables

1.75%


1.74%


1.73%





1.35%







Camlin Fine Sciences Limited Chemicals 0.77%

Blue Dart Express Limited Transportation 0.59%







India Infrastructure Fin Co Ltd CRISIL AAA 0.95%



Hindalco Industries Limited CRISIL AA 0.18%


8.35% GOI (MD 14/05/2022) Sovereign 0.05%

8.12% GOI (MD 10/12/2020) Sovereign 0.03%

GOLD 12.31%

Axis Mutual Fund 12.31%


NET ASSETS 100.00%

COMPOSITION BY ASSETS (%) Unhedged Equity 69.15% Debt, Cash & Other receivables 18.54% Gold 12.31%


AAA, SOV & Equivalent 10.00% A+ 1.73% AA 1.05%

ENTRY & EXIT LOAD

Entry Load :NA

Exit Load :If redeemed/switch out within 12 months from the date of allotment:

- For 10% of investment : Nil - For remaining investment : 1%

If redeemed/switch out after 12 months from the date of allotment: Nil



DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

2,273.58 Cr.


2,276.17 Cr.

BENCHMARK

Nifty 50 Arbitrage Index

Mr. Ashwin Patni Work experience: More than 16 years.He has been managing the fund since

27th April 2015

Mr. Devang ShahWork experience: More than14 years.He has been managing this fund since

inception.

FUND MANAGER

AXIS ARBITRAGE FUND INVESTMENT OBJECTIVE: To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

(An Open Ended Scheme Investing In Arbitrage Opportunities )

36

AVERAGE MATURITY*@

86 daysMODIFIED DURATION*@



11.82 times


% Of Net Asset

Exposure EQUITY 65.55%

Reliance Industries LimitedPetroleum Products

8.12%


Sun Pharmaceutical Industries Limited Pharmaceuticals 6.81%



3.22%


3.09%

United Spirits LimitedConsumer Non Durables

2.70%

Page Industries Limited Textile Products 2.51%

Mahindra & Mahindra Limited Auto 1.80%




State Bank of India Banks 1.44%


Mahindra & Mahindra Financial Services Limited Finance 1.34%

Century Textiles & Industries Limited Cement 1.29%

Britannia Industries LimitedConsumer Non Durables

1.06%

Bharat Forge Limited Industrial Products 1.05%

Grasim Industries Limited Cement 0.90%

Shree Cement Limited Cement 0.83%

UPL Limited Pesticides 0.75%

Cadila Healthcare Limited Pharmaceuticals 0.72%

Punjab National Bank Banks 0.69%


Tata Global Beverages LimitedConsumer Non Durables

0.65%

HCL Technologies Limited Software 0.64%

Ashok Leyland Limited Auto 0.57%




NABARD CRISIL A1+ 1.02%


Bahadur Chand Investments Pvt Limited ICRA A1+ 2.16%

Power Finance Corporation Limited CRISIL A1+ 1.09%


HDFC Limited CRISIL A1+ 0.41%

Reliance Retail Ltd CRISIL A1+ 0.22%

National Housing Bank CRISIL A1+ 0.22%



Tata Capital Financial Services Limited CRISIL AAA 1.10%


Aditya Birla Finance Limited ICRA AAA 0.44%


ICRA AA+ 0.44%

India Infoline Finance Limited ICRA AA 0.44%




National Housing Bank IND AAA 0.22%



L&T Finance Limited ICRA AAA 0.16%


FIXED DEPOSIT 13.84%

HDFC Bank Limited Fixed Deposit 13.84%




Bajaj Finance Limited CRISIL AAA 0.16%


NET ASSETS 100.00%

PORTFOLIO


CAGR (%)


CAGR (%)


CAGR (%)


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Arbitrage Fund - Regular Plan - Growth 5.82% 10,582 6.16% 11,965 NA NA 6.47% 13,298

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.97% 10,497 5.18% 11,636 NA NA 5.94% 12,998

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.63% 13,967

Axis Arbitrage Fund - Direct Plan - Growth 6.65% 10,665 7.02% 12,259 NA NA 7.35% 13,806

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.97% 10,497 5.18% 11,636 NA NA 5.94% 12,998

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.63% 13,967Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.Devang Shah is managing the scheme since inception and he manages 29 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 17 schemes. Please refer to annexure on Page 43&44 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 21, 2019 0.0442 0.0442 10.5188 10.4688 0.0442 0.0442 11.0667 11.0167

Dividend

Jan 23, 2019 0.0442 0.0442 10.5220 10.4720 0.0442 0.0442 11.0613 11.0113

Dec 19, 2018 0.0442 0.0442 10.5147 10.4647 0.0442 0.0442 11.0436 10.9936

Nov 19, 2018 0.0442 0.0442 10.5270 10.4770 0.0442 0.0442 11.0477 10.9977Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.

Entry Load : NAExit Load : 0.25% if redeemed / switched out within 7 days from the date of allotment/ Investment.

ENTRY & EXIT LOAD


DIVIDENDS


37

Axis Bluechip Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 10,90,000 6,00,000 3,60,000 1,20,000

Market value as on February 28, 2019 19,62,783 7,84,420 4,26,431 1,20,754

Returns (Annualised) 12.53% 10.68% 11.35% 1.18%

Benchmark Returns (Annualised) 10.84% 9.58% 9.89% 1.12%

Additional Benchmark Returns (Annualised) 11.09% 10.03% 11.11% 2.14%

SIP PERFORMANCE OF SELECT SCHEMES (as on 28th February 2019)

The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE Sensex. Inception Date: Jan 05, 2010. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Long Term Equity Fund - Growth Option

SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,00,000 6,00,000 3,60,000 1,20,000


Returns (Annualised) 16.30% 10.45% 8.10% -5.07%

Benchmark Returns (Annualised) 11.32% 9.56% 8.41% -2.42%


^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50. Inception Date: Dec 29, 2009. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Midcap Fund - Growth Option




Benchmark Returns (Annualised) 12.93% 8.31% 1.74% -14.82%


^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap. Additional Benchmak: Nifty 50. Inception Date: Feb 18, 2011. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Focused 25 Fund - Growth Option

SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested 8,00,000 6,00,000 3,60,000 1,20,000




Additional Benchmark Returns (Annualised) 11.67% 9.56% 8.41% -2.42%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE 200. Inception Date: Jun 29, 2012. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Equity Saver Fund - Regular Plan - Growth Option

SIP Investments Since Inception SIP 3 Year SIP 1 Year SIPTotal Amount Invested 4,20,000 3,60,000 1,20,000

Market value as on February 28, 2019 4,71,729 3,96,979 1,21,617

Returns (Annualised) 6.60% 6.48% 2.53%

Benchmark Returns (Annualised) 7.71% 7.46% 4.74%

Additional Benchmark Returns (Annualised) 10.36% 9.89% 1.12%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Equity Savings Index. Additional Benchmak: Nifty 50. Inception Date: August 14, 2015. This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them.

38

Axis Multicap Fund - Regular Plan - Growth OptionSIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 1,60,000 1,20,000

Market value as on February 28, 2019 1,62,991 1,20,306

Returns (Annualised) 2.68% 0.48%

Benchmark Returns (Annualised) -3.66% -4.56%

Additional Benchmark Returns (Annualised) 2.31% 1.12%

SIP PERFORMANCE OF SELECT SCHEMES (as on 28th February 2019)

The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 500. Additional Benchmak: Nifty 50 Inception Date: Nov 20, 2017. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Small Cap Fund - Regular Plan - Growth Option




Benchmark Returns (Annualised) 3.20% 1.36% -6.58% -27.27%


Axis Triple Advantage Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 10,20,000 6,00,000 3,60,000 1,20,000




Additional Benchmark Returns (Annualised) N/A 6.13% 4.31% 8.27%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Small Cap 100. Additional Benchmak: NIFTY 50. Inception Date: Nov 29, 2013. This scheme is managed by Anupam Tiwari. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Regular Saver Fund - Growth Option





Additional Benchmark Returns (Annualised) N/A 6.13% 4.31% 7.89%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Short Duration Debt 25:75 Index.Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Dynamic Equity Fund - Regular Plan - Growth Option

SIP Investments Since Inception SIP 1 Year SIPTotal Amount Invested 1,90,000 1,20,000

Market value as on February 28, 2019 1,93,726 1,20,455

Returns (Annualised) 2.37% 0.71%

Benchmark Returns (Annualised) 4.93% 4.71%

Additional Benchmark Returns (Annualised) 3.53% 1.12%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index. Additional Benchmak: Nifty 50. Inception Date: August 1, 2017. This scheme is managed by Anupam Tiwari, R. Sivakumar & Ashwin Patni. Please refer to the Annexure for returns of all the schemes managed by them. SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return).

NAV

39

Axis Liquid Fund

Axis Dynamic Bond Fund

Axis Banking & PSU Debt Fund

Axis Gilt Fund

Axis Treasury Advantage Fund

Axis Corporate Debt Fund

Axis Short Term Fund

Axis Strategic Bond Fund

Option NAV (`)Daily Dividend 1001.3998Growth 2051.3600Monthly Dividend 1001.4324Weekly Dividend 1002.6502Retail Daily Dividend 1000.9559Retail Growth 1937.7428Retail Monthly Dividend 1000.7996Retail Weekly Dividend 1001.1422Direct Bonus 2059.5296Direct plan - Daily Dividend 1000.9560Direct plan - Growth Option 2059.6396Direct plan - Monthly Dividend 1000.8428Direct plan - Weekly Dividend 1002.6542

Option NAV (`)Growth 18.5447Half Yearly Dividend 10.7432Quarterly Dividend 10.3189Direct Plan - Growth 19.8346Direct Plan - Half Yearly Dividend 11.5742Direct Plan - Quarterly Dividend 10.6114

Option NAV (`)Growth 14.3701Monthly Dividend 10.0852Weekly Dividend 10.1626Direct Growth 15.1524Direct Monthly Dividend 10.0305Direct Weekly Dividend 10.2439

Option NAV (`)Daily Dividend 1011.7238Growth 1717.4854Monthly Dividend 1008.5444Weekly Dividend 1009.6365Direct Plan - Daily Dividend 1011.8281Direct Plan - Growth 1738.6555Direct Plan - Monthly Dividend 1008.5660Direct Plan - Weekly Dividend 1009.6581

Option NAV (`)GROWTH 15.7566Half Yearly Dividend 10.7829Regular Dividend 10.0190Direct Plan - Growth 16.2652Direct Plan - Half Yearly Dividend 10.8110Direct Plan - Regular Dividend 10.0205

Option NAV (`)Daily Dividend 1006.2334Growth 2066.3983Monthly Dividend 1005.7601Weekly Dividend 1006.3132Retail Daily Dividend 1005.4758Retail Growth 1933.7253Retail Monthly Dividend 1005.7570Retail Weekly Dividend 1004.9129Direct Plan - Daily Dividend 1007.2893Direct Plan - Growth option 2123.1016Direct Plan - Monthly Dividend 1005.7858Direct Plan - Weekly Dividend 1004.9369

Option NAV (`)Regular Plan Regular Dividend 11.2188Regular Plan Daily Dividend 10.0691Regular Plan Growth 11.2182Regular Plan Monthly Dividend 10.0464Regular Plan Weekly Dividend 10.0464Direct Plan Regular Dividend 11.3736Direct Plan Daily Dividend 10.0763Direct Plan Growth 11.3764Direct Plan Monthly Dividend 10.0471Direct Plan Weekly Dividend 10.0471

Option NAV (`)Bonus 20.0650Growth 19.9508Monthly Dividend 10.1477Weekly Dividend 10.2429Regular Dividend 13.3470Retail Growth 19.7258Retail Monthly Dividend 10.0131Retail Weekly Dividend 10.1513Direct Plan - Regular Dividend 12.7476Direct Plan - Growth 20.9202Direct Plan - Monthly Dividend 10.0149Direct Plan - Weekly Dividend 10.2432

Option NAV (`)Growth 17.9061Half Yearly Dividend 10.7942Quarterly Dividend 10.2677Direct Plan - Growth 18.8460Direct Plan - Half Yearly Dividend 11.1710Direct Plan - Quarterly Dividend 10.8427

Option NAV (`)Dividend 15.69Growth 26.78Direct Plan - Dividend 17.06Direct Plan - Growth 28.77



Option NAV (`)Dividend 10.74Growth 10.74Direct Dividend 10.97Direct Growth 10.98



Axis Bluechip Fund

Axis Long Term Equity Fund

Axis Focused 25 Fund

Axis Multicap Fund

Axis Midcap Fund

Axis Arbitrage Fund

Equity Funds (as on 28th February 2019)

Debt Funds (as on 28th February 2019)

Option NAV (`)Regular Plan Regular Dividend 10.3715Regular Plan Daily Dividend 10.0200Regular Plan Growth 10.3715Regular Plan Monthly Dividend 10.0275Regular Plan Weekly Dividend 10.0548Direct Plan Regular Dividend 10.4118Direct Plan Daily Dividend 10.0200Direct Plan Growth 10.4114Direct Plan Monthly Dividend 10.0488Direct Plan Weekly Dividend 10.0556

Axis Ultra Short Term Fund

Axis Credit Risk Fund


Axis Small Cap Fund


Axis Growth Opportunities Fund

NAV

40

Option NAV (`)Regular Regular Dividend 9.61Regular Growth 9.61Regular Monthly Dividend 9.61Regular Quarterly Dividend 9.61Direct Regular Dividend 9.70Direct Growth 9.71Direct Monthly Dividend 9.71Direct Quarterly Dividend 9.71

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund

Option NAV (`)Regular Dividend 12.03Growth 12.40Monthly Dividend 10.44Quarterly Dividend 10.59Direct Regular Dividend 11.97Direct Growth 12.93Direct Monthly Dividend 10.87Direct Quarterly Dividend 11.04

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 13.0867Direct Plan - No Lock-In - Growth 13.2021No Lock-In - Dividend 12.4369No Lock-In - Growth 12.4319Compulsory Lock-In - Dividend 12.4399Compulsory Lock-In - Growth 12.4332Dir Plan - Comp Lock-In - Dividend 13.0868Dir Plan - Comp Lock-In - Growth 13.0942

Axis Dynamic Equity Fund


Option NAV (`)Growth Option 19.0880Dividend Option - Half Yearly 10.8385Dividend Option - Quarterly 10.5636Dividend Option - Annual 11.8612Direct Plan - Growth 20.6851Direct Plan - Half Yearly Dividend 11.6250Direct Plan - Quarterly Dividend 13.3140Direct Plan - Annual Dividend 12.6471

Axis Triple Advantage Fund


Hybrid Funds (as on 28th February 2019)

Fund Name Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount / in Multipules of (`)

Minimum Installments

Axis Bluechip Fund 5,000/1 100/1 1,000/1 12

Axis Focused 25 Fund 5,000/1 100/1 1,000/1 12

Axis Long Term Equity Fund 500/500 500/500 500/500 06

Axis Midcap Fund 5,000/1 100/1 1,000/1 12

Axis Multicap Fund 5,000/1 100/1 1,000/1 12

Axis Small Cap Fund 5,000/1 100/1 1,000/1 12

Axis Growth Opportunities Fund 5,000/1 100/1 1,000/1 12

Axis Equity Saver Fund 5,000/1 100/1 1,000/1 12

Axis Triple Advantage Fund 5,000/1 100/1 1,000/1 12

Axis Regular Saver Fund 5,000/1 100/1 1,000/1 12

Axis Gilt Fund£ 5,000/1 100/1 1,000/1 12

Axis Dynamic Bond Fund 5,000/1 100/1 1,000/1 12

Axis Corporate Debt Fund 5,000/1 100/1 1,000/1 12

Axis Strategic Bond Fund 5,000/1 100/1 1,000/1 12

Axis Credit Risk Fund£ 5,000/1 100/1 1,000/1 12

Axis Short Term Fund 5,000/1 1,000/1 1,000/1 12

Axis Banking & PSU Debt Fund 5,000/1 1,000/1 1,000/1 12

Axis Treasury Advantage Fund 5,000/1 1,000/1 1,000/1 12

Axis Ultra Short Term Fund 5,000/1 100/1 1,000/1 12

Axis Liquid Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

Options: ` 1,000 and in multiples of ` 1/-

thereafter

- -

Axis Arbitrage Fund 5,000/1 100/1 1,000/1 12

Axis Children’s Gift Fund 5,000/1 100/1 1,000/1 12

Axis Dynamic Equity Fund 5,000/1 100/1 1,000/1 12

Axis Equity Hybrid Fund 5,000/1 100/1 1,000/1 12

MINIMUM INVESTMENT AMOUNT DETAILS

Please refer to the website for current load structure. For complete information refer Key Information Memorandum (KIM) or Scheme Information Doucment (SID).

41

1 Year 3 Years 5 Years Since Inception

Date of inception CAGR (%) CurrentValue of

Investmentof ` 10,000

CAGR (%) CurrentValue of


CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 5 SCHEMES)Axis Bluechip Fund - Growth

05-Jan-107.25% 10,725 16.98% 16,007 14.81% 19,955 11.36% 26,780

Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 9.45% 22,861S&P BSE Sensex (Additional Benchmark) 6.25% 10,625 17.54% 16,240 12.72% 18,202 9.60% 23,135Axis Bluechip Fund - Direct Plan - Growth

01-Jan-138.73% 10,873 18.43% 16,611 16.23% 21,217 14.97% 23,621

Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579S&P BSE Sensex (Additional Benchmark) 6.25% 10,625 17.54% 16,240 12.72% 18,202 11.87% 19,962Axis Midcap Fund - Growth

18-Feb-114.12% 10,412 18.28% 16,550 20.57% 25,490 16.82% 34,870

S&P BSE Midcap (Benchmark) -12.75% 8,725 15.61% 15,452 18.45% 23,326 11.47% 23,927Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 10.22% 21,855Axis Midcap Fund - Direct Plan - Growth

01-Jan-135.28% 10,528 19.64% 17,123 22.08% 27,135 17.77% 27,392

S&P BSE Midcap (Benchmark) -12.75% 8,725 15.61% 15,452 18.45% 23,326 13.24% 21,518Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579Axis Multicap Fund - Regular Plan - Growth@

20-Nov-177.19% 10,719 NA NA NA NA 5.76% 10,740

Nifty 500 (Benchmark) -2.08% 9,792 NA NA NA NA -0.65% 9,917Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.07% 10,650Axis Multicap Fund - Direct Plan - Growth@

20-Nov-179.15% 10,915 NA NA NA NA 7.61% 10,980

Nifty 500 (Benchmark) -2.08% 9,792 NA NA NA NA -0.65% 9,917Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.07% 10,650Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth@

25-May-172.14% 10,214 NA NA NA NA 5.44% 10,980

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 5.17% 10,517 NA NA NA NA 8.11% 11,476Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 9.01% 11,645Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-173.67% 10,367 NA NA NA NA 7.17% 11,300

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 5.17% 10,517 NA NA NA NA 8.11% 11,476Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 9.01% 11,645Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth@

03-Aug-173.97% 10,397 NA NA NA NA 2.96% 10,470

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 5.17% 10,517 NA NA NA NA 5.65% 10,902Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 6.14% 10,982Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-175.89% 10,589 NA NA NA NA 4.89% 10,780

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 5.17% 10,517 NA NA NA NA 5.65% 10,902Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 6.14% 10,982

FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 5 SCHEMES)Axis Long Term Equity Fund - Growth*

29-Dec-090.87% 10,087 15.22% 15,297 18.41% 23,288 16.76% 41,426

S&P BSE 200 (Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 9.94% 23,855Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 9.64% 23,257Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-131.88% 10,188 16.47% 15,798 19.80% 24,691 19.39% 29,795

S&P BSE 200 (Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 12.18% 20,299Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579Axis Focused 25 Fund - Growth

29-Jun-120.39% 10,039 19.54% 17,080 16.23% 21,220 15.23% 25,740

Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 12.68% 22,182S&P BSE 200 (Additional Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 13.59% 23,397Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-131.65% 10,165 20.98% 17,708 17.68% 22,581 15.10% 23,782

Nifty 50 (Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 11.52% 19,579S&P BSE 200 (Additional Benchmark) 0.67% 10,067 17.23% 16,110 14.35% 19,556 12.18% 20,299Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth@

29-Dec -16

-4.43% 9,557 NA NA NA NA 7.34% 11,660

S&P BSE Midcap (Benchmark) -12.75% 8,725 NA NA NA NA 10.02% 12,300Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 15.66% 13,705Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan- Growth@

29-Dec -16

-2.98% 9,702 NA NA NA NA 9.03% 12,060

S&P BSE Midcap (Benchmark) -12.75% 8,725 NA NA NA NA 10.02% 12,300Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 15.66% 13,705Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@

29-Dec -16

-3.67% 9,633 NA NA NA NA 6.25% 11,290

S&P BSE Midcap (Benchmark) -12.75% 8,725 NA NA NA NA 3.95% 10,806Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 11.66% 12,473Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan- Growth@

29-Dec -16

-2.10% 9,790 NA NA NA NA 7.92% 11,650

S&P BSE Midcap (Benchmark) -12.75% 8,725 NA NA NA NA 3.95% 10,806Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 11.66% 12,473

FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 7 SCHEMES)Axis Equity Saver Fund - Regular Plan - Growth@

14-Aug-155.35% 10,535 9.29% 13,053 NA NA 6.26% 12,400

NIFTY 50 Equity Savings Index (Benchmark) 5.64% 10,564 10.32% 13,425 NA NA 7.28% 12,827Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 8.24% 13,242Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-156.60% 10,660 10.59% 13,525 NA NA 7.52% 12,930

NIFTY 50 Equity Savings Index (Benchmark) 5.64% 10,564 10.32% 13,425 NA NA 7.28% 12,827Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 8.24% 13,242Axis Triple Advantage Fund - Growth

23-Aug-10-0.31% 9,969 7.40% 12,388 7.30% 14,227 7.40% 18,383

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.42% 10,642 13.57% 14,647 10.92% 16,793 9.15% 21,096NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 #VALUE! #VALUE!Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-130.72% 10,072 8.61% 12,811 8.51% 15,046 7.33% 15,466

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.42% 10,642 13.57% 14,647 10.92% 16,793 9.58% 17,572NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.50% 14,742Axis Dynamic Bond Fund - Growth

27-Apr-116.88% 10,688 7.64% 12,470 8.49% 15,035 8.19% 18,545

NIFTY Composite Debt Index (Benchmark) 7.01% 10,701 7.48% 12,415 8.72% 15,193 8.12% 18,454NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.83% 16,798Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-137.79% 10,779 8.59% 12,805 9.67% 15,865 9.01% 17,020

NIFTY Composite Debt Index (Benchmark) 7.01% 10,701 7.48% 12,415 8.72% 15,193 7.84% 15,922NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.50% 14,742Axis Dynamic Equity Fund -Regular Plan - Growth

1-Aug-172.99% 10,299 NA NA NA NA 4.32% 10,690

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 NA NA NA NA 4.92% 10,788Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.45% 10,874Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-174.67% 10,467 NA NA NA NA 6.10% 10,980

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 NA NA NA NA 4.92% 10,788Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.45% 10,874Axis Capital Protection Oriented Fund - Series 5 #

02-Nov-121.56% 10,156 6.25% 11,995 7.45% 14,326 7.25% 15,568

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 6.27% 10,627 9.14% 12,999 9.95% 16,073 8.98% 17,230NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.63% 15,920Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-15-1.03% 9,897 9.27% 13,046 NA NA 6.98% 12,433

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920

Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-150.55% 10,055 11.05% 13,694 NA NA 8.71% 13,094

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-15-1.03% 9,897 9.27% 13,045 NA NA 6.98% 12,432

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-150.62% 10,062 11.31% 13,789 NA NA 8.99% 13,202

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614

FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 6 SCHEMES)Axis Triple Advantage Fund - Growth

23-Aug-10-0.31% 9,969 7.40% 12,388 7.30% 14,227 7.40% 18,383

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.42% 10,642 13.57% 14,647 10.92% 16,793 9.15% 21,096NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 NA NAAxis Triple Advantage Fund - Direct Plan Growth

01-Jan-130.72% 10,072 8.61% 12,811 8.51% 15,046 7.33% 15,466

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.42% 10,642 13.57% 14,647 10.92% 16,793 9.58% 17,572NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.50% 14,742

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 28th February 2019)

42






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Regular Saver Fund£ - Growth #

16-Jul-103.58% 10,358 7.13% 12,297 8.86% 15,291 7.78% 19,088

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.80% 10,680 10.14% 13,360 9.60% 15,821 8.89% 20,849NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 NA NAAxis Regular Saver Fund£ - Direct Plan - Growth #

04-Jan-134.66% 10,466 8.49% 12,770 10.40% 16,406 9.59% 17,572

NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.80% 10,680 10.14% 13,360 9.60% 15,821 9.15% 17,139NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 7.99% 10,799 6.15% 11,962 8.07% 14,743 6.43% 14,672Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-15-1.03% 9,897 9.27% 13,046 NA NA 6.98% 12,433

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-150.55% 10,055 11.05% 13,694 NA NA 8.71% 13,094

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-15-1.03% 9,897 9.27% 13,045 NA NA 6.98% 12,432

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-150.62% 10,062 11.31% 13,789 NA NA 8.99% 13,202

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.47% 10,547 13.92% 14,785 NA NA 10.79% 13,920Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 12.47% 14,614Axis Nifty ETF

03-Jul-174.35% 10,435 NA NA NA NA 9.24% 11,577

Nifty 50 (Benchmark) 4.32% 10,432 NA NA NA NA 8.62% 11,470FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 5 SCHEMES)

Axis Liquid Fund - Growth09-Oct-09

7.54% 10,754 7.24% 12,332 7.79% 14,552 7.95% 20,514NIFTY Liquid Index (Benchmark) 7.43% 10,743 7.06% 12,272 7.64% 14,451 7.89% 20,409NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 6.92% 18,751Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.59% 10,759 7.31% 12,356 7.86% 14,600 8.12% 16,180

NIFTY Liquid Index (Benchmark) 7.43% 10,743 7.06% 12,272 7.64% 14,451 7.93% 16,007NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,718Axis Liquid Fund - Retail Plan - Growth

01-Mar-106.94% 10,694 6.65% 12,130 7.21% 14,169 7.62% 19,377

NIFTY Liquid Index (Benchmark) 7.43% 10,743 7.06% 12,272 7.64% 14,451 8.08% 20,136NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.06% 18,480Axis Treasury Advantage Fund - Growth

09-Oct-097.68% 10,768 7.41% 12,392 7.85% 14,592 8.03% 20,664

NIFTY Low Duration Debt Index (Benchmark) 7.77% 10,777 7.62% 12,464 8.10% 14,767 8.25% 21,061NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 6.92% 18,751Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-138.20% 10,820 7.94% 12,577 8.36% 14,940 8.59% 16,616

NIFTY Low Duration Debt Index (Benchmark) 7.77% 10,777 7.62% 12,464 8.10% 14,767 8.21% 16,257NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,712Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-107.68% 10,768 6.99% 12,248 7.32% 14,239 7.60% 19,337

NIFTY Low Duration Debt Index (Benchmark) 7.77% 10,777 7.62% 12,464 8.10% 14,767 8.36% 20,601NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.06% 18,477Axis Banking & PSU Debt Fund - Growth

08-Jun-128.08% 10,808 7.82% 12,535 8.22% 14,844 8.37% 17,175

NIFTY Banking & PSU Debt Index (Benchmark) 6.21% 10,621 7.27% 12,342 8.20% 14,832 8.19% 16,982NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.60% 16,371Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-138.39% 10,839 8.06% 12,617 8.44% 14,996 8.48% 16,514

NIFTY Banking & PSU Debt Index (Benchmark) 6.21% 10,621 7.27% 12,342 8.20% 14,832 7.95% 16,023NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.61% 15,712

FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 7 SCHEMES) Axis Equity Saver Fund - Regular Plan - Growth@

14-Aug-155.35% 10,535 9.29% 13,053 NA NA 6.26% 12,400

NIFTY50 Equity Savings Index (Benchmark) 5.64% 10,564 10.32% 13,425 NA NA 7.28% 12,827Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 8.24% 13,242Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-156.60% 10,660 10.59% 13,525 NA NA 7.52% 12,930

NIFTY50 Equity Savings Index (Benchmark) 5.64% 10,564 10.32% 13,425 NA NA 7.28% 12,827Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 NA NA 8.24% 13,242Axis Small Cap Fund - Regular Plan - Growth@@

29-Nov-13-7.26% 9,274 14.07% 14,844 20.80% 25,733 20.10% 26,170

Nifty Smallcap 100 (Benchmark) -28.29% 7,171 11.83% 13,985 13.73% 19,032 13.73% 19,653Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 12.59% 18,642Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-13-6.22% 9,378 15.34% 15,343 22.14% 27,196 21.44% 27,740

Nifty Smallcap 100 (Benchmark) -28.29% 7,171 11.83% 13,985 13.73% 19,032 13.73% 19,653Nifty 50 (Additional Benchmark) 4.32% 10,432 17.20% 16,099 12.86% 18,317 12.59% 18,642Axis Dynamic Equity Fund - Regular Plan - Growth

1-Aug-172.99% 10,299 NA NA NA NA 4.32% 10,690

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 NA NA NA NA 4.92% 10,788Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.45% 10,874Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-174.67% 10,467 NA NA NA NA 6.10% 10,980

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 NA NA NA NA 4.92% 10,788Nifty 50 (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.45% 10,874Axis Emerging Opportunities Fund - Series 1 (1400 Days) -Regular Plan - Growth@

29-Dec-16

-4.43% 9,557 NA NA NA NA 7.34% 11,660

S&P BSE MidCap (Benchmark) -12.75% 8,725 NA NA NA NA 10.02% 12,300Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 15.66% 13,705Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Growth@

29-Dec-16

-2.98% 9,702 NA NA NA NA 9.03% 12,060

S&P BSE MidCap (Benchmark) -12.75% 8,725 NA NA NA NA 10.02% 12,300Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 15.66% 13,705Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@

27-Feb-17

-3.67% 9,633 NA NA NA NA 6.25% 11,290

S&P BSE MidCap (Benchmark) -12.75% 8,725 NA NA NA NA 3.95% 10,806Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 11.66% 12,473Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan@ - Growth

27-Feb-17

-2.10% 9,790 NA NA NA NA 7.92% 11,650

S&P BSE MidCap (Benchmark) -12.75% 8,725 NA NA NA NA 3.95% 10,806Nifty 50 (Additional-l Benchmark) 4.32% 10,432 NA NA NA NA 11.66% 12,473

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 17 SCHEMES) Axis Arbitrage Fund - Regular Plan - Growth

14-Aug-145.82% 10,582 6.16% 11,965 NA NA 6.47% 13,298

Nifty 50 Arbitrage Index (Benchmark) 4.97% 10,497 5.18% 11,636 NA NA 5.94% 12,998NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.63% 13,967Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-146.65% 10,665 7.02% 12,259 NA NA 7.35% 13,806

Nifty 50 Arbitrage Index (Benchmark) 4.97% 10,497 5.18% 11,636 NA NA 5.94% 12,998NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.63% 13,967Axis Dynamic Equity Fund - Growth

01-Aug-172.99% 10,299 NA NA NA NA 4.32% 10,690

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 NA NA NA NA 4.92% 10,788Nifty 50 TRI (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.45% 10,874Axis Dynamic Equity Fund - Direct Plan - Growth

01-Aug-174.67% 10,467 NA NA NA NA 6.10% 10,980

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.90% 10,590 NA NA NA NA 4.92% 10,788Nifty 50 TRI (Additional Benchmark) 4.32% 10,432 NA NA NA NA 5.45% 10,874Axis Hybrid Fund - Series 27 - Growth

29-Oct-152.72% 10,272 8.32% 12,709 NA NA 5.81% 12,072

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 6.81% 10,681 9.12% 12,993 NA NA 7.80% 12,850NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.21% 12,616Axis Hybrid Fund - Series 27 - Direct Plan - Growth

29-Oct-154.08% 10,408 9.76% 13,221 NA NA 7.19% 12,606

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 6.81% 10,681 9.12% 12,993 NA NA 7.80% 12,850NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.21% 12,616

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 17 SCHEMES) Axis Hybrid Fund - Series 31 - Growth

19-Jul-161.61% 10,161 NA NA NA NA 5.61% 11,533

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 6.69% 10,669 NA NA NA NA 7.47% 12,070NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.11% 11,967Axis Hybrid Fund - Series 31 - Direct Plan - Growth

19-Jul-163.10% 10,310 NA NA NA NA 7.27% 12,012

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 6.69% 10,669 NA NA NA NA 7.47% 12,070NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.11% 11,967Axis Capital Protection Oriented Fund - Series 5 - (42M) - Growth

02-Nov-121.56% 10,156 6.25% 11,995 7.45% 14,326 7.25% 15,568

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 6.27% 10,627 9.14% 12,999 9.95% 16,073 8.98% 17,230NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 7.77% 14,539 7.63% 15,920


43

44

Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.16% / 0.64% / 0.11%, Axis Treasury Advantage Fund : 0.55% / 0.55% / 0.25%, Axis Banking & PSU Debt Fund : 0.54% / 0.29%, Axis Short Term Fund : 0.88% / 0.88%/ 0.28%, Axis Dynamic Bond Fund : 1.38% / 0.62%, Axis Gilt Fund : 0.65% / 0.20%, Axis Strategic Bond Fund : 1.05% / 0.39%, Axis Credit Risk Fund : 1.78% / 0.58%, Axis Arbitrage Fund : 0.98% / 0.28%, Axis Corporate Debt Fund : 1.03% / 0.28%, Axis Regular Saver* : 2.29% / 1.32%, Axis Long Term Equity Fund*: 1.88% / 0.95%, Axis Focused 25 Fund* : 2.20% / 0.66%, Axis Bluechip Fund* : 1.98% / 0.88%, Axis Triple Advantage Fund* : 2.24% / 1.15%, Axis Midcap Fund*: 2.37% / 0.98%, Axis Equity Saver Fund* : 2.61% / 1.29%, Axis Children’s Gift Fund* : 2.44% / 0.94%, Axis Dynamic Equity Fund* : 2.25% / 0.66%, Axis Multi Cap Fund* : 2.27% / 0.58%, Axis Equity Hybrid Fund* : 2.27% / 0.58%, Axis Ultra Short Term Fund : 1.18% / 0.28%, Axis Growth Opportunities Fund* : 2.57% / 0.58% , Axis Small Cap Fund* : 2.53%, 1.58%

*The rates mentioned above are inclusive of a proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes.1. Total Expenses Ratio is inclusive of GST2. **Total Expenses Ratio is of last day of the month

Past performance may or may not be sustained in the future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2,026.8434/- invested at inception for Axis Gold ETF and on Rs. 10/- invested at inception for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.

The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund since 7th June 2016 and Axis Emerging Opportunites Fund Series 1 and Series 2 since inception, Axis Growth Opportunities Fund since inception. Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception and Axis Multicap Fund since 20th November 2017.

Anupam Tiwari is managing Axis Equity Saver Fund and Axis Small Cap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception, Axis Capital Builder Fund - Series 1 since 8th March 2018, Axis Capital Builder Fund - Series 4 since 21st December 2018

Ashwin Patni is managing Axis Arbitrage Fund, Axis Capital Protection Oriented Fund – Series 5 and all Axis Hybrid Funds since 27th April, 2015 (since inception date for Axis Hybrid Funds launched after 27th April, 2015) and Axis Equity Advantage Fund - Series 1 since 25th May, 2017, Axis Equity Advantage Fund - Series 2 since inception, Axis Dynamic Equity Fund since inception.

Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund , Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver Fund (Debt portion), Axis Gold Fund, Axis Gold ETF , all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, 2017.

Ashish Naik is managing the equity portion of Axis Regular Saver Fund and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children’s Gift Fund since July 6th, 2016 and Axis Nifty ETF since July 3rd 2017, Axis Capital Builder Fund - Series 1 since 8th March 2018, Axis Equity Hybrid Fund since inception.

Aditya Pagaria is managing Axis Ultra short term fund since inception and Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Banking & PSU Debt Fund since 13th August, 2016 & Axis Equity Advantage Fund Series - 1 since 26th May, 2017.

R. Sivakumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection Oriented Fund – Series 5 since inception, Axis Triple Advantage Fund since 14th September 2010 and Axis Children’s Gift Fund (debt portion) since 7th June 2016, Axis Dynamic Equity Fund since inception, Axis Equity Hybrid Fund since inception.

@The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. @@The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.W.e.f January 1, 2013, Axis Short Term Fund - Institutional Plan, Axis Treasury Advantage Fund - Institutional Plan & Axis Liquid Fund - Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund, respectively.* An open ended equity linked savings scheme with a 3 year lock-in.# Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Above data excludes schemes which have not completed a year. The above data excludes performance of direct plans of schemes which have not completed a year.






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Hybrid Fund - Series 33 - Regular Plan - Growth

09-Sep-16

1.28% 10,128 NA NA NA NA 4.84% 11,240Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark)

6.69% 10,669 NA NA NA NA 6.65% 11,724

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.08% 11,842Axis Hybrid Fund - Series 33 - Direct Plan - Growth

09-Sep-16

2.75% 10,275 NA NA NA NA 6.49% 11,680Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark)

6.69% 10,669 NA NA NA NA 6.65% 11,724

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.08% 11,842

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 29 SCHEMES)Axis Gold ETF

10-Nov-108.74% 10,874 1.29% 10,392 0.86% 10,438 4.58% 14,510

Domestic Price of Gold (Benchmark) 9.82% 10,982 3.69% 11,147 2.75% 11,454 5.14% 15,168Axis Corporate Debt Fund - Regular Plan - Growth

13-Jul-178.07% 10,807 NA NA NA NA 7.31% 11,218

NIFTY Corporate Bond Index (Benchmark) 6.75% 10,675 NA NA NA NA 5.72% 10,949NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.22% 11,204Axis Corporate Debt Fund - Direct Plan - Growth

13-Jul-178.98% 10,898 NA NA NA NA 8.23% 11,376

NIFTY Corporate Bond Index (Benchmark) 6.75% 10,675 NA NA NA NA 5.72% 10,949NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.22% 11,204Axis Gold Fund - Growth

20-Oct-117.80% 10,780 1.94% 10,594 -0.85% 9,582 0.57% 10,426

Domestic Price of Gold (Benchmark) 9.82% 10,982 3.69% 11,147 2.75% 11,454 2.10% 11,657Axis Gold Fund - Direct Plan - Regular Plan - Growth

01-Jan-138.51% 10,851 2.77% 10,855 0.27% 10,134 -0.37% 9,774

Domestic Price of Gold (Benchmark) 9.82% 10,982 3.69% 11,147 2.75% 11,454 0.57% 10,356

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 29 SCHEMES)Axis Hybrid Fund - Series 30 - Growth

11-Feb-161.82% 10,182 8.89% 12,909 NA NA 9.58% 13,216

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 6.81% 10,681 9.12% 12,993 NA NA 9.04% 13,020NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.26% 12,382Axis Hybrid Fund - Series 30 - Direct Plan - Growth

11-Feb-163.18% 10,318 10.33% 13,430 NA NA 11.03% 13,757

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 6.81% 10,681 9.12% 12,993 NA NA 9.04% 13,020NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 7.27% 12,343 NA NA 7.26% 12,382Axis Hybrid Fund - Series 31 - Growth

19-Jul-161.61% 10,161 NA NA NA NA 5.61% 11,533


19-Jul-163.10% 10,310 NA NA NA NA 7.27% 12,012

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 6.69% 10,669 NA NA NA NA 7.47% 12,070NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.11% 11,967Axis Hybrid Fund - Series 33 - Growth

09-Sep-161.28% 10,128 NA NA NA NA 4.84% 11,240


09-Sep-162.75% 10,275 NA NA NA NA 6.49% 11,680

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 6.69% 10,669 NA NA NA NA 6.65% 11,724NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.90% 10,790 NA NA NA NA 7.08% 11,842

Additional Benchmark of certain schemes have been changed w.e.f. September 30, 2018.

45

PRODUCT LABELLINGAXIS BLUECHIP FUND (An open ended equity scheme predominantly investing in large cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instruments of large cap companies

AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND (An open ended equity linked saving scheme with a statutory lock in of 3 year and tax benefit)This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instrumentsAXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investing predominantly in equity & equity related instruments of Mid Cap companies. AXIS MULTICAP FUND (An open ended equity scheme investing across large cap, mid cap, small cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over medium to long terml Investment in a diversified portfolio consisting of equity and equity related instruments across market capitalization.AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long term l Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded fundsAXIS REGULAR SAVER FUND (An open ended hybrid scheme investing predominantly in debt instruments) This product is suitable for investors who are seeking*l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold) This product is suitable for investors who are seeking* l Capital Appreciation over medium to long terml Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking errorAXIS GOLD FUND (An open ended fund of fund scheme investing in Axis Gold ETF) This product is suitable for investors who are seeking*l Capital Appreciation over medium to long terml Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking errorAXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) This product is suitable for investors who are seeking* l Capital Appreciation while generating income over medium to long terml Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instrumentsAXIS CHILDREN’S GIFT FUND (An open ended fund for investment for children, having a lock-in of 5 years or till the child attains age of majority (whichever is earlier)) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund) This product is suitable for investors who are seeking* l Capital appreciation & generating income over medium to long terml Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocationAXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investments in Equity & Equity related instruments covered by Nifty 50 IndexAXIS EQUITY HYBRID FUND (An open-ended hybrid scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* l Capital appreciation along with generation of income over medium to long term. l Investment in equity and equity related instruments as well as debt and money market instruments.AXIS SMALL CAP FUND (An open ended equity scheme predominantly investing in small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long term. l investment in a diversified portfolio predominantly consisting of equity and equity related instruments of small cap companies.AXIS GROWTH OPPORTUNITIES FUND (An Open-ended Equity Scheme investing in both large cap and mid cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long term. l investment in a diversified portfolio predominantly consisting of equity and equity related instruments both in India as well as overseas.AXIS EQUITY ADVANTAGE FUND SERIES 1 (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over medium to long term. l Investment in a diversified portfolio of predominantly equity and equity related instruments across market cap while managing risk through active hedging strategiesAXIS EQUITY ADVANTAGE FUND SERIES 2 (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investment in a diversified portfolio of predominantly equity and equity related instruments across market cap while managing risk through active hedging strategiesAXIS EMERGING OPPORTUNITIES FUND – SERIES 1 (1400 DAYS) (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of equity and equity related instruments of midcap companies.AXIS EMERGING OPPORTUNITIES FUND – SERIES 2 (1400 DAYS) (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of equity and equity related instruments of midcap companies.AXIS CAPITAL BUILDER FUND – SERIES 4 (1582 DAYS) (A close ended equity scheme investing across large caps, mid caps and small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of predominantly equity and equity related instruments across market capitalisation.AXIS CAPITAL BUILDER FUND – SERIES 1 (1540 DAYS) (A close ended equity scheme investing across large caps, mid caps and small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of predominantly equity and equity related instruments across market capitalisation.AXIS HYBRID FUND – SERIES 5 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instruments.AXIS HYBRID FUND – SERIES 6 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS HYBRID FUND – SERIES 7 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS HYBRID FUND – SERIES 26 (1276 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS HYBRID FUND – SERIES 27(1351 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS HYBRID FUND – SERIES 28 (1331 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments AXIS HYBRID FUND – SERIES 29 (1275 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH

Moderate ModeratelyHighModerately

Low

HighLow

46

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them

PRODUCT LABELLINGAXIS HYBRID FUND – SERIES 30 (1297 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments AXIS HYBRID FUND – SERIES 31 (1381 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments AXIS HYBRID FUND – SERIES 33 (1358 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments AXIS HYBRID FUND – SERIES 35 (1359 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments AXIS CAPITAL PROTECTION ORIENTED FUND - SERIES 5 (A Close Ended Capital Protection Oriented Fund scheme) This product is suitable for investors who are seeking* l Capital appreciation with low risk of capital loss over long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GILT FUND (An open ended debt scheme investing in government securities across maturity) This product is suitable for investors who are seeking*l Credit risk free returns over medium to long terml Investment mainly in Government securities across maturities AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) This product is suitable for investors who are seeking*l Optimal returns over medium to long terml To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instrumentsAXIS CORPORATE DEBT FUND (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) This product is suitable for investors who are seeking* l Regular income over short to medium - terml Predominantly investing in corporate debtAXIS STRATEGIC BOND FUND (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)This product is suitable for investors who are seeking* l Optimal returns over medium terml Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidityAXIS ARBITRAGE FUND (An open ended scheme investing in arbitrage opportunities) This product is suitable for investors who are seeking* l Income over short to medium terml Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS CREDIT RISK FUND (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) This product is suitable for investors who are seeking* l Stable returns in the short to medium terml Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years)This product is suitable for investors who are seeking* l Regular income while maintaining liquidity over short term l Investment in debt and money market instrumentsAXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions)This product is suitable for investors who are seeking*l Regular income over short to medium terml Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 to 12 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in debt and money market instrumentsAXIS ULTRA SHORT TERM FUND (An open ended ultra-short term debt scheme investing in instruments such that the Macaulayduration of the portfolio is between 3 months and 6 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.AXIS LIQUID FUND (An open ended liquid scheme)This product is suitable for investors who are seeking*l Regular income over short terml Investment in debt and money market instruments

Riskometer

Investors understand that their principal will beat moderately low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderate risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH


Low

HighLow

Risk

omet

er

High

Moderate ModeratelyHighModera

tely

Low

Low

HIGHLOW

Investors understand that their principalwill be at moderately high risk

AXIS GROWTH OPPORTUNITIES FUND

l

l

(An open-ended equity scheme investing in both large cap and mid cap stocks)

This product is suitable for investors who are seeking*:

Capital appreciation over long term.

Investment in a diversified portfolio predominantly consisting of equity and equity related instruments both in India as well as overseas.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Please refer to the Scheme Information Document for the detailed Asset Allocation and Investment Strategy. The percentages given are indicative and the actual percentage may vary. Axis AMC proposes to appoint Schroder Investment Management Limited to provide investment advice for investment in foreign securities. Foreign Securities may be $ denominated or any other foreign currencies. Scheme specific risk factors: Apart from the risks associated with domestic investments, the scheme may invest in overseas markets which carry risks related to fluctuations in the foreign exchange rates, the nature of the securities market of the country, repatriation of capital due to exchange controls and political circumstances. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). The material should not be construed as issued/approved by Government of India or any of its authority.Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ̀ 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

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

AXISGROWTH OPPORTUNITIES FUNDAn open-ended equity scheme investing in both large cap and mid cap stocks

30-35% in ForeignSecurities

65-70% in Domestic Securities

Global Diversification(Risk Adjusted Portfolio)

Aims to Invest

Today, Indian Equities contribute 3% to Global Market Capitalization and most of us do not have any exposure to the 97% world that exists outside India. A tinge of global exposure in the portfolio can lead to better growth opportunities as investing in global companies helps in diversification.

Presenting which provides the opportunity to invest in both domestic and global markets.

Axis Growth Opportunities Fund

Aims to provide Axis Mutual Fund’s domestic research & investing capabilities + Investment Advisor Schroder Investment

Management Limited.

Opportunity to invest in world class companies and themes, which are not

available in India.

Domestic quality portfolio with global diversification can reduce volatility and

drawdowns.

Advantages of Axis Growth Opportunities Fund

EXPERTISE NEW OPPORTUNITIES GLOBAL DIVERSIFICATION

monthly factsheet - february 2019 - axis mf · 2019-03-12 · *current portfolio allocation is...

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