MONTHLY FACTSHEET - JANUARY 2019 Factsheet Jan 2019.pdf · seen strong growth across durable goods....

MONTHLY FACTSHEET - JANUARY 2019

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

6

EQUITYF E B R U A R Y 2 0 1 9

1.8%

0.3%

12.2%

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

Equity Markets started the year on a tepid note with frontline indices S&P BSE Sensex & NIFTY 50 down -0.3% each. NIFTY Midcap 100 Index & NIFTY Small cap 100 Index were down 5.5% & 4.9% respectively for the month.

The January effect failed to buoy markets across the world as market pessimism stemming from weak economic data and market uncertainty kept investors away. Emerging markets bore the brunt of this pain similar to H2 2018. FPIs sold Rs 4,262 Cr in equity markets and Rs 1,301 Cr in debt markets during the month in line with a wider global EM sell off.

Consumer price inflation eased further to 2.2% in December V/s 2.3% in November. Benign food inflation remained a key factor in the low inflation. The RBI in its latest monetary policy review maintained a status quo on rates citing benign inflation. Core inflation, however, remained steady at 5.7% in December. Crude recovered sharply as OPEC and Russia reached terms to reduce supply in a staggered manner. Brent crude ended the month at US$62/barrel. The India crude basket followed suit and ended the month at US$61.4/barrel. INR remained stable against the greenback to end the month at Rs 71.12/$

The corporate earnings season has begun on a mixed note. On the positive front earnings pointed towards strong consumption and resurgence in pricing power in the branded marketspace. Baring the auto space consumer staples and select discretionary spending has seen strong growth across durable goods. Another standout sector was IT. IT and IT related services saw strong growth in constant currency revenues on the back of initiatives in new age technology services and large order wins. The Auto sector performance was subdued on the back of regulatory headwinds. This is likely to normalize the quarters ahead

In line with market expectations, the interim budget delivered a targeted thrust to aid consumer spending and rural incomes. The populism in the budget was mellowed by focusing on weaker sections of society through targeted initiatives and direct benefit transfers. The impact on government finances is to be seen given the already

stretched fiscal position. The budget is reflective of the current political mood especially in rural India. With upcoming elections in mind the government has maintained a degree of populism which has benefited the rural heartland. The budget is likely to be a sentimental positive for consumption and real estate sectors.

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.

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

Instrument Type/Issuer Name Industry % OF NAV

EQUITY 80.73%

HDFC Bank Limited Banks 9.56%

Bajaj Finance Limited Finance 7.61%

Infosys Limited Software 7.53%

Tata Consultancy Services Limited Software 7.17%

Kotak Mahindra Bank Limited Banks 6.97%

ICICI Bank Limited Banks 5.52%

HDFC Limited Finance 3.69%

Maruti Suzuki India Limited Auto 3.35%

Titan Company Limited Consumer Durables 3.24%

Avenue Supermarts Limited Retailing 3.09%

Hindustan Unilever Limited Consumer Non Durables 3.00%

Nestle India Limited Consumer Non Durables 2.84%

Asian Paints Limited Consumer Non Durables 2.76%

Bajaj Finserv Limited Finance 2.38%

Reliance Industries Limited Petroleum Products 2.17%

Bandhan Bank Limited Banks 2.06%

Pidilite Industries Limited Chemicals 1.98%

Wipro Limited Software 1.83%

Larsen & Toubro Limited Construction Project 1.79%

Divi's Laboratories Limited Pharmaceuticals 1.35%

Britannia Industries Limited Consumer Non Durables 0.83%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.24%

DEBT, CASH & OTHER CURRENT ASSETS 19.02%

GRAND TOTAL 100%

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)

FACTSHEETJANUARY 2019

8

PORTFOLIO

Financial Services 37.79

IT 16.53

Consumer Goods 15.76 Automobile 3.35 Energy 2.17 Chemicals 1.98

Construction 1.79%

Pharma 1.35%

Cement & Cement Products

0.24%

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

3,844.39 Cr.

AS ON 31st JANUARY’19

3,961.03 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 13.59%

Beta - 0.91

Sharpe Ratio** - 0.54

PORTFOLIOTURNOVER* (1 YEAR)

1.55 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 6.50% (MIBOR as on 31-01-19) - 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 31st JANUARY 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

PERFORMANCE (as on 31st January 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 4.41% 10,441 13.89% 14,790 15.25% 20,342 11.46% 26,77005-Jan-10Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 9.56% 22,911

S&P BSE Sensex (Additional Benchmark) 2.06% 10,206 14.86% 15,171 13.60% 18,929 9.80% 23,364Axis Bluechip Fund - Direct Plan -Growth 5.90% 10,590 15.30% 15,344 16.67% 21,625 15.15% 23,596

01-Jan-13Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622S&P BSE Sensex (Additional Benchmark) 2.06% 10,206 14.86% 15,171 13.60% 18,929 12.21% 20,160Past 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

40.94

Automobile 13.74

IT 12.57

Consumer Goods

8.93

Industrial Manufacturing

7.76

Chemicals 4.92 Construction 1.59

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

6,594.29 Cr.


6,510.79 Cr.

BENCHMARK

Nifty 50



Beta - 1.08



1.18 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 6.50% (MIBOR as on 31-01-19) - 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 31st JANUARY 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ 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 -5.34% 9,466 14.85% 15,166 16.73% 21,678 15.04% 25,19029-Jun-12Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 12.88% 22,231

S&P BSE 200 (Additional Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 13.83% 23,495Axis Focused 25 Fund - Direct Plan - Growth -4.17% 9,583 16.24% 15,725 18.19% 23,072 14.87% 23,250

01-Jan-13Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622S&P BSE 200 (Additional Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 12.42% 20,385Past 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 90.04%










Supreme Industries Limited Industrial Products 3.89%

Info Edge (India) Limited Software 3.83%



Cummins India Limited Industrial Products 2.46%

Motherson Sumi Systems Limited Auto Ancillaries 2.42%


Eicher Motors Limited Auto 2.07%

Gruh Finance Limited Finance 1.91%


V-Guard Industries Limited Industrial Capital Goods 1.41%

WABCO India Limited Auto Ancillaries 1.41%

Endurance Technologies Limited Auto Ancillaries 1.29%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



Financial Services 25.55 Consumer Goods 12.35 Industrial

Manufacturing11.29

Pharma 10.16 IT 7.08

Automobile 6.61 Cement &

Cement Products2.96

Energy 2.80

Construction 1.78

Textiles 1.28

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,785.88 Cr.


1,779.24 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.82



0.74 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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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 2.19% 10,219 12.70% 14,327 20.98% 25,925 16.64% 34,04018-Feb-11S&P BSE Midcap (Benchmark) -15.33% 8,467 13.03% 14,456 19.57% 24,452 11.81% 24,312

Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 10.36% 21,903Axis Midcap Fund - Direct Plan - Growth 3.31% 10,331 13.98% 14,824 22.50% 27,600 17.52% 26,713

01-Jan-13S&P BSE Midcap (Benchmark) -15.33% 8,467 13.03% 14,456 19.57% 24,452 13.72% 21,864Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622Past 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 81.09%

City Union Bank Limited Banks 5.72%


Torrent Pharmaceuticals Limited Pharmaceuticals 4.24%


Astral Poly Technik Limited Industrial Products 4.23%


Mahindra & Mahindra Financial Services Limited Finance 3.43%




ACC Limited Cement 2.96%

Sanofi India Limited Pharmaceuticals 2.87%

Indraprastha Gas Limited Gas 2.80%

Sundaram Finance Limited Finance 2.74%

Supreme Industries Limited Industrial Products 2.62%

Bata India Limited Consumer Durables 2.03%

Trent Limited Retailing 1.97%

Kansai Nerolac Paints Limited Consumer Non Durables 1.92%

Mphasis Limited Software 1.92%

Aditya Birla Fashion and Retail Limited Retailing 1.91%


Cholamandalam Investment and Finance Company Limited Finance 1.80%

Berger Paints (I) Limited Consumer Non Durables 1.79%

Voltas Limited Construction Project 1.78%


Schaeffler India Limited Industrial Products 1.59%

TTK Prestige Limited Consumer Durables 1.51%


Balkrishna Industries Limited Auto Ancillaries 1.18%

Max Financial Services Limited Finance 0.99%


Page Industries Limited Textile Products 0.92%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



Financial Services 38.70 Automobile 13.36 IT 12.76 Consumer Goods 11.78 Chemicals 7.38 Industrial Manufacturing 3.93 Energy 3.88 Construction 1.56 Pharma 1.12 Textiles 0.27

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

17,370.81 Cr.


17,089.75 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 14.65%

Beta - 0.96



0.80 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 -4.05% 9,595 11.18% 13,754 19.30% 24,178 16.65% 40,58829-Dec-09S&P BSE 200 (Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 10.08% 23,956

Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 9.75% 23,309Axis Long Term Equity Fund - Direct Plan - Growth -3.08% 9,692 12.38% 14,207 20.71% 25,646 19.24% 29,172

01-Jan-13S&P BSE 200 (Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 12.42% 20,385Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622Past 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 94.08%









Torrent Power Limited Power 3.88%











Symphony Limited Consumer Durables 1.73%






Multi Commodity Exchange of India Limited Finance 0.69%

Varroc Engineering Limited Auto Ancillaries 0.66%

Mas Financial Services Limited Finance 0.63%




GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



MONTHLY AVERAGE

2,925.85 Cr.


2,931.63 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 81.28%























Britannia Industries Limited Consumer Non Durables 0.59%



GRAND TOTAL 100.00%

Financial Services 37.37 Consumer Goods 16.20 IT 15.46 Automobile 3.77 Chemicals 2.71 Industrial Manufacturing 1.85 Pharma 1.54 Construction 1.43 Energy 1.05



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 5.60% 10,560 NA NA NA NA 6.14% 10,740 20-Nov-17Nifty 500 (Benchmark) -5.95% 9,405 NA NA NA NA -0.35% 9,958Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.59% 10,674Axis Multicap Fund - Direct Plan - Growth 7.45% 10,745 NA NA NA NA 7.96% 10,960 20-Nov-17Nifty 500 (Benchmark) -5.95% 9,405 NA NA NA NA -0.35% 9,958Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.59% 10,674Past 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



1.44 times


MONTHLY AVERAGE

232.44 Cr.


221.68 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 76.58%

NIIT Technologies Limited Software 7.37%

TCNS Clothing Co. Limited Textile Products 7.08%

Mas Financial Services Limited Finance 5.38%

Gulf Oil Lubricants India Limited Petroleum Products 5.28%

Vinati Organics Limited Chemicals 5.25%

HeidelbergCement India Limited Cement 4.19%

Fine Organic Industries Limited Chemicals 4.03%

Schaeffler India Limited Industrial Products 3.90%


Galaxy Surfactants Limited Chemicals 3.38%

VST Industries Limited Consumer Non Durables 3.15%

Blue Star Limited Consumer Durables 3.08%

Grindwell Norton Limited Industrial Products 2.91%

Amber Enterprises India Limited Consumer Durables 2.75%

Vesuvius India Limited Industrial Products 2.31%

Orient Refractories Limited Industrial Products 2.08%


Can Fin Homes Limited Finance 1.70%

Igarashi Motors India Limited Auto Ancillaries 1.70%


JK Cement Limited Cement 1.12%

MM Forgings Limited Industrial Products 1.04%

CEAT Limited Auto Ancillaries 1.04%

Godrej Agrovet Limited Consumer Non Durables 0.98%



GRAND TOTAL 100.00%

Industrial Manufacturing 15.67 Chemicals 12.66 Consumer Goods 11.77 IT 7.37 Financial Services 7.29 Textiles 7.08 Cement & Cement Products 5.31 Energy 5.28 Automobile 4.82



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Small Cap Fund - Reuglar Plan - Growth

-7.35% 9,265 10.75% 13,594 21.55% 26,551 20.37% 26,10029-Nov-13

Nifty Small Cap 100 (Benchmark) -29.72% 7,028 7.85% 12,551 15.12% 20,229 14.66% 20,299Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 12.84% 18,683Axis Small Cap Fund - Direct Plan - Growth -6.30% 9,370 11.97% 14,050 22.91% 28,071 21.72% 27,650 29-Nov-13Nifty Small Cap 100 (Benchmark) -29.72% 7,028 7.85% 12,551 15.12% 20,229 14.66% 20,299Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 12.84% 18,683Past 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

- 14.32%

Beta - 0.55


*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 22.88

Oct 08, 2015 2.00 2.00 19.65 17.65 2.00 2.00 20.07 18.07


DIVIDENDS



0.40 times

Mr. Anupam Tiwari Work experience: 13 years.

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


MONTHLY AVERAGE

669.17 Cr.


667.34 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 51.04%


















Sanofi India Limited Pharmaceuticals 1.50%


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

0.34%

INTERNATIONAL EQUITIES 20.27%

Alphabet Inc A Interactive Media & Services 1.98%

Bank of America Corp Diversified Banks 1.73%

Nestle SA Packaged Foods & Meats 1.65%

JP Morgan Chase & Co Diversified Banks 1.46%

Rockwell Automation Inc Electrical Components & Equipment 1.22%

Nutrien Limited Fertilizers & Agricultural Chemicals 1.22%

Alibaba Group Holdings ADR Internet & Direct Market-ing Retail 1.14%

Comcast Corp-Class A Cable & Satellite 1.11%

Adobe Inc Application Software 1.03%

"International Paper Co" Paper Packaging 0.98%

Ball Corp Metal & Glass Containers 0.93%

Visa Inc Data Processing & Outsourced Services 0.88%

Texas Instruments Inc Com Semiconductors 0.87%

Broadcom Inc Semiconductors 0.79%

Thermo Fisher Scientific Inc Life Sciences Tools & Services 0.78%

Blackrock Inc Asset Management & Custody Banks 0.65%

Deere And Co Ltd Agricultural & Farm Machinery 0.65%

Booking Holdings Inc Internet & Direct Marketing Retail 0.64%

Medtronic PLC Health Care Equipment 0.56%

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

0.66%


GRAND TOTAL 100.00%

Financial Services 23.13

IT 16.00

Consumer Goods 11.53

Automobile 9.51

Industrial Manufacturing 5.81

Pharma 2.84

Chemicals 2.26

Fertilisers & Pesticides 1.22

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

F E B R U A R Y 2 0 1 9

10 YEAR G-SEC YIELD

7.29%

QUICK TAKE

CPI Inflation : Last 1 year

2.19%

5.07%

Repo : Last 1 year

6.00%

6.50%

10 yr G-Sec : Last 1 year

7.29%7.56%

• Isolated corporate debt events are a one off and normalcy should return to markets shortly

• Likely retracement in inflation and concerns over fiscal deficit will limit the scope of further rate cuts.

• Long bonds are likely to trade range bound given fiscal uncertainty. Short tenor bonds look attractive from a risk reward perspective.

• We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds.

Key Market Events•

•

•

•

•

10 Year ended the month at 7.29%. Post budget 10 Year jumped to 7.37%: The benchmark yield on the new 10 Year G-Sec remained steady at 7.29% in January as bond markets continue to be driven by RBI OMOs. Concerns over the fiscal situation given the proposed spending outlined in the interim budget was perceived as a sentimental negative leading to a spike in bond yields.

Inflation – Remains Benign: Consumer price inflation eased further to 2.2% in December V/s 2.3% in November. Benign food inflation and softening crude prices remained key reasons despite attempts by the government to prop up crop prices through hikes in MSP earlier this year. Core inflation, however, remained steady at 5.7% in December. Tepid inflation figures, well below the RBI’s target rate has led to real rates at historic highs making it amongst the most attractive debt markets in the EM basket. A stable currency and high yields are likely to attract foreign investors given stable macro-economic factors.

Interim Budget 2019: The last budget of the Modi government before national elections showed signs of measured populism, in line with market expectations, as it aimed to appease voters across the low income salaried classes and rural heartland stratas. With revenue expectations looking optimistic, increased spending on welfare projects is likely to stress an already strained government balance sheet.

Corporate Debt Concerns: Corporate debt of certain groups was in focus over negative media coverage. We continue to believe that these are isolated instances and normalcy should return to the corporate bond market. Currently, the upgrades to downgrades ratio remains positive and provides opportunities to investors in the short to medium duration space.

US Fed – Flip flop on growth: The US Fed tempered its growth assumptions citing weaker jobs data and the US shut down and weaker global growth forecasts. In response to the lower growth estimates the Fed held rates and revised its key rate and growth estimates for the rest of the year.

Market ViewThe debt market has taken the budget as a sentimental negative given the higher borrowing targets next year and concerns over the health of the government balance sheet. Fiscal concerns continue to remain elevated given the likely shortfall in GST collections and welfare initiatives initiated by the government in the build up to national elections. We believe the culmination of these factors will likely limit opportunities in the long bonds 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.

Inflation continues to remain below the RBI’s target rate. This has been driven by persistently low food inflation and fall in crude oil prices. Inflation is likely to see some degree of retracement on the back of seasonal adjustment and increased populist spending by the government in the run up to the national elections. Durable medium term inflation is likely to remain around the RBI’s target rate of 4%. Crude will remain the joker in the pack given medium term uncertainty.

Given our outlook of stable rates in the medium term we reiterate our positive stance on the shorter end of the curve. Currently, the curve offers significant opportunities from an investment perspective as credit spreads and carry remains attractive. Elevated spreads have made the risk reward more attractive in AA credits and hence we have selectively added such credits across our portfolios. As always our prudent investment norms and strong risk mitigation framework have helped us sidestep material credit risk.

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 71.07%

NABARD ICRA A1+ 8.90%

NTPC Limited CRISIL A1+ 5.73%

Chennai Petroleum Corporation Limited CRISIL A1+ 4.22%

Steel Authority of India Limited CARE A1+ 3.92%

Reliance Jio Infocomm Limited CRISIL A1+ 3.46%

RELIANCE RETAIL LTD CRISIL A1+ 3.23%

L&T Finance Limited ICRA A1+ 2.34%

Sun Pharmaceutical Industries Limited ICRA A1+ 1.99%

Piramal Capital & Housing Finance Limited CRISIL A1+ 1.98%

Vedanta Limited CRISIL A1+ 1.97%

LIC Housing Finance Limited CRISIL A1+ 1.94%

Larsen & Toubro Limited CRISIL A1+ 1.86%

Tata Power Company Limited CRISIL A1+ 1.86%

India Infoline Finance Limited CRISIL A1+ 1.77%

Bajaj Housing Finance Limited CRISIL A1+ 1.57%

Indus Towers Limited CRISIL A1+ 1.49%

Mahindra & Mahindra Financial Services Limited CRISIL A1+ 1.39%

Magma Fincorp Limited CRISIL A1+/CARE A1+ 1.37%

JM Financial Products Limited ICRA A1+ 1.20%Cholamandalam Investment and Finance Company Limited CRISIL A1+ 1.20%

Bharti Airtel Limited CRISIL A1+ 1.18%

HDFC Limited CRISIL A1+/ICRA A1+ 1.09%

Reliance Industries Limited CRISIL A1+ 1.07%

Nabha Power Limited ICRA A1+ 0.99%

Muthoot Finance Limited CRISIL A1+ 0.99%

Trapti Trading & Invest Pvt Limited ICRA A1+ 0.98%

Indian Railway Finance Corporation Limited CRISIL A1+ 0.98%

Power Finance Corporation Limited CRISIL A1+ 0.90%

Tata Motors Limited CRISIL A1+ 0.80%

Bajaj Finance Limited CRISIL A1+ 0.78%

TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.77%

Emami Limited CRISIL A1+ 0.71%

REC Limited CARE A1+/CRISIL A1+ 0.61%

Bahadur Chand Investments Pvt Limited ICRA A1+ 0.60%

IIFL Home Finance Limited CRISIL A1+ 0.60%

Talwandi Sabo Power Limited CRISIL A1+(SO) 0.60%

TGS Investment & Trade Pvt Limited ICRA A1+ 0.49%

Adani Transmission Limited ICRA A1+ 0.49%

Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.40%

HSBC InvestDirect Financial Services (India) Limited IND A1+ 0.40%

Adani Ports and Special Economic Zone Limited ICRA A1+ 0.39%

Tata Power Solar Systems Limited CRISIL A1+(SO) 0.30%

CEAT Limited CARE A1+/IND A1+ 0.26%

Tube Investments of India Limited ICRA A1+ 0.20%

Tata Sons Private Ltd CRISIL A1+ 0.20%

Dabur India Limited CRISIL A1+ 0.20%

IDFC Infrastructure Finance Limited ICRA A1+ 0.20%

HDFC Credila Financial Services Pvt Limited CRISIL A1+ 0.20%

Varroc Engineering Limited ICRA A1+ 0.16%

Network18 Media & Investments Limited ICRA A1+ 0.10%

Shriram Transport Finance Company Limited CRISIL A1+ 0.06%

Hindustan Zinc Limited CRISIL A1+ 0.02%

CERTIFICATE OF DEPOSIT 12.91%

IDFC First Bank Limited ICRA A1+ 4.36%

Vijaya Bank CARE A1+/CRISIL A1+ 2.97%

Canara Bank CRISIL A1+ 1.58%

Indian Bank IND A1+ 1.37%

Punjab National Bank CARE A1+ 1.18%

IndusInd Bank Limited CRISIL A1+ 0.75%

RBL Bank Limited ICRA A1+ 0.39%

HDFC Bank Limited IND A1+ 0.20%

ICICI Bank Limited ICRA A1+ 0.10%

TREASURY BILL 5.60%

91 Days Tbill Sovereign 3.81%

182 Days TBILL Sovereign 1.79%

STATE GOVERNMENT BOND 3.19%

8.39% Rajasthan Uday Bond (MD 15/03/2019) Sovereign 2.23%

8.30% Maharashtra SDL (MD 25/03/2019) Sovereign 0.50%

8.43% Assam SDL (MD 25/03/2019) Sovereign 0.42%

8.59% Andhra Pradesh SDL (MD 18/03/2019) Sovereign 0.04%

CORPORATE BOND 3.09%

HDFC Limited CRISIL AAA 1.70%

Power Finance Corporation Limited CRISIL AAA 0.56%

Tata Capital Financial Services Limited ICRA AAA 0.40%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.20%

Kotak Mahindra Prime Limited CRISIL AAA 0.14%

Gruh Finance Limited CRISIL AAA 0.10%

ZERO COUPON BOND 0.20%

IDFC First Bank Limited ICRA AA+ 0.20%

NET CURRENT ASSETS 3.94%

NET ASSETS 100.00%

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

25,167.63 Cr.


25,066.68 Cr.

BENCHMARK

NIFTY Liquid Index

AVERAGE MATURITY*

40 daysMODIFIED DURATION*

38 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

7.10%

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 71.07% Certificate of Deposit 12.91% Treasury Bill 5.60% State Government Bond 3.19% Corporate Bond 3.09% Zero Coupon Bond 0.20% Net Current Assets 3.94%

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

Jan 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 1,000.2808Nov 26, 2018 4.7963 4.4414 1,007.5328 1,000.8742 4.3700 4.0828 1,006.4021 1,000.2810 4.8275 4.4703 1,006.9828 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 7.51% 10,751 7.25% 12,341 7.82% 14,571 7.95% 20,405

09-Oct-09NIFTY Liquid Index (Benchmark) 7.45% 10,745 7.08% 12,279 7.66% 14,470 7.90% 20,306NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.74% 10,774 7.18% 12,316 7.74% 14,521 6.90% 18,628

Axis Liquid Fund - Direct Plan - Growth 7.57% 10,757 7.33% 12,366 7.89% 14,618 8.13% 16,094

31-Dec-12NIFTY Liquid Index (Benchmark) 7.45% 10,745 7.08% 12,279 7.66% 14,470 7.94% 15,925NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.74% 10,774 7.18% 12,316 7.74% 14,521 7.60% 15,615

Axis Liquid Fund - Retail - Growth 6.91% 10,691 6.67% 12,139 7.24% 14,187 7.63% 19,282

01-Mar-10NIFTY Liquid Index (Benchmark) 7.45% 10,745 7.08% 12,279 7.66% 14,470 8.10% 20,034NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.74% 10,774 7.18% 12,316 7.74% 14,521 7.04% 18,360

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 30 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 99.60% AA+ 0.40%

ENTRY & EXIT LOAD



PORTFOLIO

MONTHLY AVERAGE

719.99 Cr.


829.27 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.

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


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Jan 25, 2019 0.0463 0.0429 10.0934 10.0291 0.0473 0.0438 10.1064 10.0406

Monthly DividendDec 26, 2018 0.0490 0.0454 10.0922 10.0241 0.0503 0.0465 10.1002 10.0304

Nov 26, 2018 0.0509 0.0471 10.0883 10.0177 0.0560 0.0518 10.0972 10.0194Please 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&)

8.41%


RATING % Of NAVCORPORATE BOND 54.78%


Bank of Baroda CARE AA 4.80%

National Housing Bank CRISIL AAA 3.86%


Tata Motors Limited CARE AA+ 3.03%

LIC Housing Finance Limited CRISIL AAA 3.02%

Mahindra Rural Housing Finance IND AA+ 3.00%

Piramal Enterprises Limited ICRA AA 3.00%


Edelweiss Commodities Services Limited CRISIL AA/ICRA AA 2.41%

Bahadur Chand Investments Pvt Limited ICRA AA 1.81%

Talwandi Sabo Power Limited CRISIL AA-(SO) 1.80%

Hero Fincorp Limited CRISIL AA+ 1.78%

Vodafone Mobile Services Limited CRISIL A+ 1.55%

Northern Arc Capital Limited ICRA A+ 1.32%

NABARD CRISIL AAA 1.21%

Ujjivan Small Finance Bank Limited CARE A+ 1.21%

Tata Sons Private Ltd CRISIL AAA 1.21%Cholamandalam Investment and Finance

Company LimitedICRA AA+ 1.21%

Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.21%

Magma Fincorp Limited ICRA AA- 1.20%

Shriram Transport Finance Company Limited IND AA+ 1.19%

Asirvad Microfinance Ltd CRISIL A+ 0.91%

IndoStar Capital Finance Limited CARE AA- 0.84%

Muthoot Finance Limited CRISIL AA 0.60%

Reliance Industries Limited CRISIL AAA 0.59%


CEAT Limited IND A1+ 3.00%

Network18 Media & Investments Limited ICRA A1+ 2.99%



IndoStar Capital Finance Limited CRISIL A1+ 2.94%


JSW Steel Limited ICRA A1+ 1.77%

Reliance Jio Infocomm Limited CRISIL A1+ 0.60%

Shriram Transport Finance Company Limited CRISIL A1+ 0.60%

ZERO COUPON BOND 8.79%Dewan Housing Finance Corporation Limited

CARE AAA 2.94%

Mahindra & Mahindra Financial Services Limited

CARE AAA 2.18%

Raj Infraproperties Private Limited BWR AA-(SO) 1.82%

JSW Techno Projects Management Limited BWR A(SO) 1.25%





Equitas Small Finance Bank Limited CRISIL A1+ 0.36%

PASS THROUGH CERTIFICATE 4.01%

RENT-A-DEVICE TRUST ICRA AAA(SO) 1.63%

MFL Securitisation Trust CRISIL AAA(SO) 1.32%

Rainbow Devices Trust ICRA AAA(SO) 1.06%



NET ASSETS 100.00%

AAA, SOV & Equivalent 63.48% AA 12.61% AA+ 10.80% AA- 6.86% A+ 4.99% A 1.25%

ENTRY & EXIT LOAD


Corporate Bond 54.78% Commercial Paper 19.64% Zero Coupon Bond 8.79% Certificate of Deposit 6.77% Pass Through Certificate 4.01% Net Current Assets 6.02%

Maculary Duration*

163 days


PORTFOLIO

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

1,599.12 Cr.


1,999.27 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index

AVERAGE MATURITY*

178 daysMODIFIED DURATION

*

159 daysMaculary Duration*


7.95%


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

Jan 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 1,005.4530Nov 26, 2018 5.3030 4.9106 1,012.8134 1,005.4514 5.3026 4.9113 1,012.8113 1,005.4482 5.6049 5.1900 1,013.2339 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 7.54% 10,754 7.39% 12,393 7.86% 14,599 8.03% 20,54609-Oct-09NIFTY Low Duration Debt Index (Benchmark) 7.67% 10,767 7.56% 12,450 8.11% 14,769 8.25% 20,935

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 6.90% 18,628Axis Treasury Advantage Fund - Direct Plan - Growth 8.08% 10,808 7.93% 12,582 8.37% 14,949 8.60% 16,518

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 7.67% 10,767 7.56% 12,450 8.11% 14,769 8.21% 16,160NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 15,609Axis Treasury Advantage Fund - Retail - Growth 7.48% 10,748 6.96% 12,245 7.32% 14,237 7.60% 19,227

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 7.67% 10,767 7.56% 12,450 8.11% 14,769 8.37% 20,477NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.05% 18,356Past 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 30 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 NAVCORPORATE BOND 42.48%



Piramal Capital & Housing Finance Limited ICRA AA+ 2.99%

Small Industries Dev Bank of India CARE AAA 2.54%

Hinduja Leyland Finance Limited CARE AA- 2.50%


Reliance Jio Infocomm Limited CRISIL AAA 2.50%

India Infoline Finance Limited ICRA AA 1.70%

ICICI Home Finance Company Limited ICRA AAA 1.69%

Indiabulls Housing Finance Limited BWR AAA 1.60%


Shriram Transport Finance Company Limited IND AA+ 1.47%




Edelweiss Commodities Services Limited CRISIL AA 1.25%


REC Limited CRISIL AAA 1.20%

Dewan Housing Finance Corporation Limited

BWR AAA 1.00%

Adani Transmission Limited IND AA+ 0.75%

Power Grid Corporation of India Limited CRISIL AAA 0.25%

Export Import Bank of India CRISIL AAA 0.25%

Indian Railway Finance Corporation Limited CRISIL AAA 0.10%


Larsen & Toubro Limited CRISIL A1+ 4.96%


Bharti Airtel Limited CRISIL A1+ 2.48%

Reliance Retail Ltd CRISIL A1+ 2.48%


Indiabulls Housing Finance Limited CRISIL A1+ 1.85%

LIC Housing Finance Limited CRISIL A1+ 0.25%

NABARD ICRA A1+ 0.25%



Small Industries Dev Bank of India CARE A1+ 2.78%


Canara Bank CRISIL A1+ 1.24%

IDFC First Bank Limited ICRA A1+ 1.22%



CARE AAA 5.11%

TMF Holdings Limited CRISIL AA 1.46%

IIFL Home Finance Limited CRISIL AA 0.51%



GRAND TOTAL 100.00%

Corporate Bond 42.48% Commercial Paper 18.43% Certificate of Deposit 11.02% Zero Coupon Bond 7.29% Net Current Assets 20.78%

AAA, SOV & Equivalent 84.37% AA+ 6.64% AA 6.49% AA- 2.50%


ENTRY & EXIT LOAD



PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

4,897.63 Cr.


4,699.96 Cr.

BENCHMARKNIFTY Short

Duration Debt Index

AVERAGE MATURITY*

1.8 yearsMODIFIED DURATION

*

1.4 yearsMaculary Duration*

1.5 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.46%



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

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 10.0191

Monthly Dividend

Dec 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 10.0219Oct 25, 2018 0.0518 0.0479 10.2244 10.1525 0.0511 0.0473 10.0887 10.0177 0.0585 0.0542 10.1016 10.0203


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 6.69% 10,669 7.32% 12,369 8.01% 14,704 7.89% 19,85822-Jan-10NIFTY Short Duration Debt Index (Benchmark) 7.02% 10,702 7.48% 12,423 8.29% 14,898 8.01% 20,060

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 6.98% 18,387Axis Short Term Fund - Direct Plan - Growth 7.41% 10,741 8.06% 12,628 8.84% 15,275 8.71% 16,619

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 7.02% 10,702 7.48% 12,423 8.29% 14,898 8.22% 16,173NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 15,609Axis Short Term Fund - Retail - Growth 6.69% 10,669 7.32% 12,369 8.02% 14,709 7.85% 19,634

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 7.02% 10,702 7.48% 12,423 8.29% 14,898 8.06% 19,972NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.05% 18,359Past 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 30 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 76.73%Power Finance Corporation Limited CRISIL AAA 9.12%HDFC Limited CRISIL AAA 8.82%NABARD CRISIL AAA 6.29%LIC Housing Finance Limited CRISIL AAA/CARE AAA 5.05%Reliance Industries Limited CRISIL AAA 4.43%National Housing Bank CRISIL AAA/IND AAA 4.36%Reliance Jio Infocomm Limited CRISIL AAA 3.70%REC Limited CRISIL AAA/CARE AAA 3.34%Tata Sons Private Ltd CRISIL AAA 3.27%State Bank of India CRISIL AA+ 2.66%NRSS XXIX Transmission Limited CRISIL AAA 2.46%Mahindra & Mahindra Financial Services Limited IND AAA 2.20%Jamnagar Utilities & Power Private Limited CRISIL AAA 2.04%Small Industries Dev Bank of India CARE AAA 1.70%Tata Capital Financial Services Limited ICRA AAA/CRISIL AAA 1.59%Indiabulls Housing Finance Limited BWR AAA 1.29%Muthoot Finance Limited CRISIL AA 1.29%Zydus Wellness Limited CRISIL AA+ 1.06%L&T Housing Finance CARE AAA 1.05%Nirma Limited CRISIL AA 0.90%Shriram Transport Finance Company Limited CRISIL AA+ 0.87%Bank of Baroda IND AAA 0.85%Gruh Finance Limited CRISIL AAA 0.83%IDFC First Bank Limited ICRA AA+ 0.74%HDFC Bank Limited CRISIL AAA 0.74%Power Grid Corporation of India Limited CRISIL AAA 0.54%ICICI Home Finance Company Limited ICRA AAA 0.53%Tata Motors Limited CARE AA+ 0.53%Mahindra Rural Housing Finance CRISIL AA+ 0.53%Indian Railway Finance Corporation Limited CRISIL AAA 0.53%Tata Power Company Limited IND AA 0.51%Sikka Ports and Terminals Limited CRISIL AAA 0.41%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.38%

Dewan Housing Finance Corporation Limited BWR AAA 0.33%Aditya Birla Finance Limited ICRA AAA 0.32%Adani Transmission Limited IND AA+ 0.32%L&T Infrastructure Finance Company Limited CARE AAA 0.32%HDB Financial Services Limited CRISIL AAA 0.31%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.21%Bajaj Finance Limited CARE AAA 0.13%Bharti Airtel Limited CRISIL AA 0.10%NHPC Limited ICRA AAA 0.06%Export Import Bank of India CRISIL AAA 0.01%CERTIFICATE OF DEPOSIT 9.19%IndusInd Bank Limited CRISIL A1+ 5.71%Small Industries Dev Bank of India CARE A1+ 1.48%Export Import Bank of India CRISIL A1+ 1.00%ICICI Bank Limited ICRA A1+ 1.00%PASS THROUGH CERTIFICATE 2.72%Rainbow Devices Trust ICRA AAA(SO) 1.34%Rent-A-Device Trust ICRA AAA(SO) 1.23%Sansar Trust ICRA AAA(SO) 0.15%ZERO COUPON BOND 2.81%Dewan Housing Finance Corporation Limited CARE AAA 1.48%Mahindra & Mahindra Financial Services Limited IND AAA/CARE AAA 0.90%Kotak Mahindra Prime Limited CRISIL AAA 0.27%HDB Financial Services Limited CRISIL AAA 0.07%LIC Housing Finance Limited CRISIL AAA 0.06%Axis Finance Limited IND AAA 0.03%GOVERNMENT BOND 2.50%8.12% GOI (MD 10/12/2020) Sovereign 0.43%7.17% GOI (MD 08/01/2028) Sovereign 0.43%6.79% GOI (MD 15/05/2027) Sovereign 0.27%8.13% GOI (MD 22/06/2045) Sovereign 0.22%7.68% GOI (MD 15/12/2023) Sovereign 0.22%7.88% GOI (MD 19/03/2030) Sovereign 0.22%7.59% GOI(MD 11/01/2026) Sovereign 0.20%9.20% GOI (MD 30/09/2030) Sovereign 0.12%6.65% GOI (MD 09/04/2020) Sovereign 0.11%7.73% GOI (MD 19/12/2034) Sovereign 0.08%8.83% GOI (MD 25/11/2023) Sovereign 0.07%8.15% GOI (MD 24/11/2026) Sovereign 0.04%7.35% GOI (MD 22/06/2024) Sovereign 0.04%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 0.002%7.59% GOI (MD 20/03/2029) Sovereign 0.002%COMMERCIAL PAPER 1.97%Indiabulls Housing Finance Limited CRISIL A1+ 0.72%JSW Steel Limited ICRA A1+ 0.52%Dewan Housing Finance Corporation Limited CRISIL A1+ 0.51%HDFC Limited CRISIL A1+ 0.21%STATE GOVERNMENT BOND 0.54%8.66% Tamilnadu SDL (MD 25/01/2022) Sovereign 0.40%8.15% Rajasthan UDAY BOND (MD 23/06/2021) Sovereign 0.06%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 0.01%8.61% Uttar Pradesh UDAY BOND (MD 1/03/2022) Sovereign 0.01%TREASURY BILL 0.30%364 Days TBILL Sovereign 0.28%91 Days TBILL Sovereign 0.02%NET CURRENT ASSETS 3.23%

GRAND TOTAL 100.00%

Corporate Bond 76.73% Certificate of Deposit 9.19% Pass Through Certificate 2.72% Zero Coupon Bond 2.81% Government Bond 2.50% Commercial Paper 1.97% State Government Bond 0.54% Treasury Bill 0.30% Net Current Assets 3.23%

AAA, SOV & Equivalent 90.11% AA+ 7.09% AA 2.80%


ENTRY & EXIT LOAD



PORTFOLIO

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

147.34 Cr.


147.30 Cr.

BENCHMARK

NIFTY Composite Debt Index

AVERAGE MATURITY*

5.0 yearsMODIFIED DURATION*


8.75%

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 6.56% 10,656 7.58% 12,460 8.59% 15,099 8.27% 18,54427-Apr-11NIFTY Composite Debt Index (Benchmark) 6.37% 10,637 7.37% 12,384 8.78% 15,238 8.19% 18,437

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.94% 16,842Axis Dynamic Bond Fund - Direct Plan - Growth 7.47% 10,747 8.54% 12,797 9.77% 15,941 9.12% 17,009

01-Jan-13NIFTY Composite Debt Index (Benchmark) 6.37% 10,637 7.37% 12,384 8.78% 15,238 7.93% 15,908NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.63% 14,781Past 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 30 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



Union Bank of India BWR AA 7.16%

Punjab National Bank IND A+ 7.16%




Syndicate Bank IND A+ 5.33%

Renew Power Limited CARE A+ 3.39%

Tata Power Company Limited CRISIL AA- 2.82%

India Infrastructure Fin Co Ltd CRISIL AAA 1.80%

Ess Kay Fincorp Limited IND A(SO) 1.01%

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 0.68%

GOVERNMENT BOND 23.34%

7.17% GOI (MD 08/01/2028) Sovereign 10.64%

7.40% GOI (MD 09/09/2035) Sovereign 9.96%

7.68% GOI (MD 15/12/2023) Sovereign 1.38%

8.35% GOI (MD 14/05/2022) Sovereign 0.70%

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) 3.27%

Zenith Trust ICRA A(SO) 1.70%

SOLSTICE TRUST ICRA AA-(SO) 0.69%


GRAND TOTAL 100.00%

Corporate Bond 56.23%

Government Bond 23.34%

Pass Through Certificate 5.65%

Net Current Assets 14.78%

AAA, SOV & Equivalent 70.06% A+ 16.56% AA 7.16% AA- 3.51% A 2.71%


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

252.49 Cr.


245.00 Cr.

BENCHMARK

NIFTY Corporate Bond Index

AVERAGE MATURITY*



8.50%

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

Jan 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 10.0500Oct 25, 2018 0.0658 0.0610 10.1415 10.0500 0.0730 0.0676 10.1514 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 8.10% 10,810 NA NA NA NA 7.44% 11,18013-Jul-17NIFTY Corporate Bond Index (Benchmark) 6.17% 10,617 NA NA NA NA 5.53% 10,872

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.14% 11,131Axis Corporate Debt Fund - Direct Plan 9.03% 10,903 NA NA NA NA 8.38% 11,331

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 6.17% 10,617 NA NA NA NA 5.53% 10,872NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.14% 11,131Past 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 30 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







BWR AAA 7.25%

Bank of BarodaIND AAA/CARE

AA6.01%

State Bank of India CRISIL AAA 4.16%

Aditya Birla Finance Limited ICRA AAA 4.11%

NRSS XXIX Transmission Limited CRISIL AAA 4.10%


Jamnagar Utilities & Power Private Limited

CRISIL AAA 4.05%


LIC Housing Finance Limited CARE AAA 2.04%

HDFC Bank Limited CRISIL AAA 2.03%





CEAT Limited ICRA A1+ 4.06%



Small Industries Dev Bank of India CARE A1+ 5.68%


Rent-A-Device Trust ICRA AAA(SO) 2.08%

IIERT Trust CRISIL AAA(SO) 1.51%



7.17% GOI (MD 08/01/2028) Sovereign 4.00%


GRAND TOTAL 100.00%

Corporate Bond 68.66% Commercial Paper 12.12% Certificate of Deposit 5.68% Pass Through Certificate 4.24% Government Bond 4.00% Net Current Assets 5.31%

AAA, SOV & Equivalent 96.03% A+ 2.00% AA 1.96%

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

1,235.57 Cr.


1,254.54 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index

AVERAGE MATURITY*


*

1.9 yearsMaculary Duration*


9.66%

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 6.86% 10,686 8.62% 12,824 9.39% 15,671 8.84% 17,85928-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 5.83% 10,583 7.27% 12,351 8.59% 15,100 8.51% 17,501

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 7.26% 16,166Axis Strategic Bond Fund - Direct Plan - Growth 7.59% 10,759 9.38% 13,097 10.34% 16,363 9.45% 17,300

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 5.83% 10,583 7.27% 12,351 8.59% 15,100 8.05% 15,998NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.52% 14,671Past 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 30 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 79.74%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 4.32%



Dewan Housing Finance Corporation Limited BWR AAA/CARE AAA 3.34%

PVR Limited CRISIL AA- 3.14%


Bharti Airtel Limited CRISIL AA 2.91%

Jubilant Life Sciences Limited CRISIL AA 2.79%

Coastal Gujarat Power Limited CARE AA(SO) 2.79%



ICICI Bank Limited ICRA AA+ 2.34%

JM Financial Products Limited ICRA AA/CRISIL AA 2.29%

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.22%


National Highways Auth Of Ind CRISIL AAA 2.00%


JK Lakshmi Cement Limited CARE AA- 1.98%

Nirma Limited CRISIL AA 1.96%

Bhopal Dhule Transmission Company Limited CRISIL AAA 1.93%




Vijaya Bank ICRA AA- 1.75%

Northern Arc Capital Limited ICRA A+ 1.59%




Talwandi Sabo Power Limited CRISIL AA(SO) 1.29%

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

Dalmia Cement (Bharat) Limited ICRA AA 1.18%

Vedanta Limited CRISIL AA 0.95%

Subros Limited ICRA 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- 0.56%

Edelweiss Commodities Services Limited ICRA AA 0.50%

National Housing Bank IND AAA 0.40%

Ess Kay Fincorp Limited IND A(SO) 0.40%

ECL Finance Limited ICRA AA 0.39%


Hindalco Industries Limited CRISIL AA 0.16%


ZERO COUPON BOND 5.70%Raj Infraproperties Private Limited BWR AA-(SO) 2.81%

JSW Techno Projects Management Limited BWR A(SO) 2.07%

IIFL Home Finance Limited CRISIL AA 0.82%

PASS THROUGH CERTIFICATE 5.68%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.75%

Zenith Trust ICRA A(SO) 1.43%

IIERT TRUST CRISIL AAA(SO) 1.09%


Solstice Trust ICRA AA-(SO) 0.59%

GOVERNMENT BOND 3.07%7.17% GOI (MD 08/01/2028) Sovereign 2.73%

8.35% GOI (MD 14/05/2022) Sovereign 0.12%

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 0.00%

STATE GOVERNMENT BOND 2.25%8.16% Gujarat SDL (MD 30/01/2029) Sovereign 2.05%

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


GRAND TOTAL 100.00%

Corporate Bond 79.74% Zero Coupon Bond 5.70% Pass Through Certificate 5.68% Government Bond 3.07% State Government Bond 2.25% Net Current Assets 3.57%

AAA, SOV & Equivalent 39.32% AA 23.74% AA- 16.96% A+ 11.83% A 3.90% AA+ 3.69% A- 0.56%

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

Jan 25, 2019 0.0517 0.0479 10.1645 10.0926 0.0580 0.0537 10.1173 10.0366Monthly Dividend

Dec 26, 2018 0.0695 0.0643 10.1953 10.0988 0.0758 0.0701 10.1480 10.0428Nov 26, 2018 0.0526 0.0487 10.1660 10.0929 0.0597 0.0553 10.1202 10.0372

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


1,690.76 Cr.


1,692.29 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index

AVERAGE MATURITY*


*


9.98%



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 6.20% 10,620 7.37% 12,386 NA NA 8.20% 14,31415-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 6.95% 10,695 8.26% 12,697 NA NA 9.03% 14,818

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 NA NA 7.63% 13,977Axis Credit Risk Fund - Direct Plan - Growth 7.49% 10,749 8.75% 12,871 NA NA 9.45% 15,079

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 6.95% 10,695 8.26% 12,697 NA NA 9.03% 14,818NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 NA NA 7.63% 13,977Past 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 30 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 79.43%Dewan Housing Finance Corporation Limited BWR AAA 4.65%PVR Limited CRISIL AA- 3.76%Nirma Limited CRISIL AA 3.32%

Talwandi Sabo Power LimitedCRISIL AA-(SO)/CRISIL AA(SO)

3.25%

Dalmia Cement (Bharat) Limited ICRA AA 3.23%Tata Power Company Limited IND AA/CRISIL AA- 3.02%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.89%Coastal Gujarat Power Limited CARE AA(SO) 2.66%Edelweiss Commodities Services Limited ICRA AA/CRISIL AA 2.59%Birla Corporation Limited ICRA AA 2.58%Hinduja Leyland Finance Limited CARE AA- 2.46%Renew Power Limited CARE A+ 2.42%Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.41%

IndoStar Capital Finance Limited CARE AA- 2.28%Narmada Wind Energy Private Limited CARE A+(SO) 2.28%Bank of Baroda CARE AA 2.13%JK Lakshmi Cement Limited CARE AA- 2.06%ECL Finance Limited ICRA AA 2.03%Indiabulls Housing Finance Limited BWR AAA 1.94%Northern Arc Capital Limited ICRA A+ 1.71%IKF Finance Limited CARE A- 1.66%Jubilant Life Sciences Limited CRISIL AA 1.48%LIC Housing Finance Limited CARE AAA 1.48%Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.48%Bahadur Chand Investments Pvt Limited ICRA AA 1.48%Zydus Wellness Limited CRISIL AA+ 1.48%Power Finance Corporation Limited CRISIL AAA 1.47%Hansdeep Industries & Trading Company Limited CARE AA-(SO) 1.37%Vodafone Mobile Services Limited CRISIL A+ 1.35%Muthoot Finance Limited CRISIL AA 1.28%Magma Fincorp Limited ICRA AA- 1.23%Bhopal Dhule Transmission Company Limited CRISIL AAA 1.15%Reliance Jio Infocomm Limited CRISIL AAA 1.09%Asirvad Microfinance Ltd CRISIL A+ 1.02%Union Bank of India BWR AA 0.98%Piramal Enterprises Limited ICRA AA 0.88%Nuvoco Vistas Corporation Limited CRISIL AA 0.88%Syndicate Bank IND A+ 0.87%Punjab National Bank IND A+ 0.85%Ess Kay Fincorp Limited IND A(SO) 0.65%Subros Limited ICRA AA- 0.47%Power Grid Corporation of India Limited CRISIL AAA 0.34%Bharti Airtel Limited CRISIL AA 0.29%Food Corporation Of India CRISIL AAA(SO) 0.19%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%NABARD CRISIL AAA 0.01%PASS THROUGH CERTIFICATE 9.81%SANSAR TRUST ICRA AAA(SO) 3.93%Zenith Trust ICRA A(SO) 2.48%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.37%IIERT TRUST CRISIL AAA(SO) 1.31%Solstice Trust ICRA AA-(SO) 0.72%ZERO COUPON BOND 6.79%Indian Hospitals Corporation Ltd BWR AA-(SO) 2.98%JSW Techno Projects Management Limited BWR A(SO) 2.45%IIFL Home Finance Limited CRISIL AA 1.36%GOVERNMENT BOND 0.56%7.40% GOI (MD 09/09/2035) Sovereign 0.29%6.79% GOI (MD 15/05/2027) Sovereign 0.11%8.83% GOI (MD 25/11/2023) Sovereign 0.09%7.59% GOI (MD 20/03/2029) Sovereign 0.03%7.35% GOI (MD 22/06/2024) Sovereign 0.03%7.59% GOI(MD 11/01/2026) Sovereign 0.004%STATE GOVERNMENT BOND 0.38%8.27% Rajasthan UDAYBOND (MD 23/06/2022) Sovereign 0.21%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 3.03%GRAND TOTAL 100.00%

Corporate Bond 79.43% Pass Through Certificate 9.81% Zero Coupon Bond 6.79% Government Bond 0.56% State Government Bond 0.38% Net Current Assets 3.03%

AA 33.80% AAA, SOV & Equivalent 22.82% AA- 21.76% A+ 12.90% A 5.58% A- 1.66% AA+ 1.48%

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 - - - -Jan 25, 2019 0.0735 0.0794 10.1378 10.0276 0.0819 0.0759 10.1423 10.0289Dec 26, 2018 0.1085 0.1005 10.3157 10.1650 0.1113 0.1030 10.3202 10.1656

Regular Dividend Nov 26, 2018 0.0728 0.0674 10.1372 10.0360 0.0760 0.0704 10.1428 10.0367Please 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 56.25%

91 DAYS TBILL Sovereign 56.25%


7.17% GOI (MD 08/01/2028) Sovereign 33.23%

8.60% GOI (MD 02/06/2028) Sovereign 5.74%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

35.54 Cr.


35.38 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index

AVERAGE MATURITY*



6.86%


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 6.13% 10,613 6.54% 12,100 8.07% 14,745 6.67% 15,74523-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 9.00% 10,900 7.54% 12,446 8.78% 15,235 7.54% 16,671

Axis Gilt Fund - Direct Plan - Growth 6.68% 10,668 7.09% 12,289 8.62% 15,127 7.13% 15,20401-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 9.00% 10,900 7.54% 12,446 8.78% 15,235 7.30% 15,356

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 30 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 56.25% Government Bond 38.97% Net Current Assets 4.78%

AAA, SOV & Equivalent 100.00%

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 DividendJan 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 1008.9890Nov 26, 2018 9.7998 9.0746 1,021.0659 1,007.4611 10.1032 9.3559 1,021.4887 1007.4622


PORTFOLIO

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

2,505.64 Cr.


2,648.90 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index

AVERAGE MATURITY*



8.20%



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 7.74% 10,774 7.72% 12,507 8.16% 14,808 8.35% 17,04708-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 5.41% 10,541 6.97% 12,247 8.19% 14,824 8.18% 16,875

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 16,264Axis Banking & PSU Debt Fund - Direct Plan - Growth 8.05% 10,805 7.95% 12,588 8.38% 14,959 8.46% 16,388

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 5.41% 10,541 6.97% 12,247 8.19% 14,824 7.94% 15,922NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 15,609Past 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).



Small Industries Dev Bank of India CARE AAA 10.92%




Food Corporation Of India CRISIL AAA(SO) 8.44%





State Bank of India CRISIL AAA 3.66%

NHPC LimitedIND AAA/ICRA

AAA2.57%

Indian Railway Finance Corporation Limited

CRISIL AAA 2.07%


NTPC Limited CRISIL AAA 1.36%


Bharat Petroleum Corporation Limited CRISIL AAA 0.93%

Tata Sons Private Ltd CRISIL AAA 0.85%

Jamnagar Utilities & Power Private Limited CRISIL AAA 0.72%



STATE GOVERNMENT BOND 2.49%

8.21% HARYANA UDAY BOND(MD 31/03/2022) Sovereign 1.49%

8.39% RAJASTHAN UDAY BOND(MD 15/03/2022) Sovereign 1.00%


GRAND TOTAL 100.00%

Corporate Bond 89.41% Zero Coupon Bond 3.30% State Government Bond 2.49% Net Current Assets 4.80%


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

7.29%

7.56%•••

•

Isolated corporate debt events are a one off and normalcy should return to markets shortlyLikely retracement in inflation and concerns over fiscal deficit will limit the scope of further rate cuts.Long bonds are likely to trade range bound given fiscal uncertainty. Short tenor bonds look attractive from a risk reward perspective.We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds.

1.8%

Key highlights

HYBRIDOUTLOOK

FEBRUARY 2019

Equity Markets started the year on a tepid note with frontline indices S&P BSE Sensex & NIFTY 50 down -0.3% each. NIFTY Midcap 100 Index & NIFTY Small cap 100 Index were down 5.5% & 4.9% respectively for the month.

The January effect failed to buoy markets across the world as market pessimism stemming from weak economic data and market uncertainty kept investors away. Emerging markets bore the brunt of this pain similar to H2 2018. FPIs sold Rs 4,262 Cr in equity markets and Rs 1,301 Cr in debt markets during the month in line with a wider global EM sell off.

The corporate earnings season has begun on a mixed note. On the positive front earnings pointed towards strong consumption and resurgence in pricing power in the branded marketspace. Baring the auto space consumer staples and select discretionary spending has seen strong growth across durable goods. Another standout sector was IT. IT and IT related services saw strong growth in constant currency revenues on the back of initiatives in new age technology services and large order wins. The Auto sector performance was subdued on the back of regulatory headwinds. This is likely to normalize the quarters ahead.

• 10 Year ended the month at 7.29%. Post budget 10 Year jumped to 7.37%: The benchmark yield on the new 10 Year G-Sec remained steady at 7.29% in January as bond

Key Events During the Month

markets continue to be driven by RBI OMOs. Concerns over the fiscal situation given the proposed spending outlined in the interim budget was perceived as a sentimental negative leading to a spike in bond yields.

• Inflation – Remains Benign: Consumer price inflation eased further to 2.2% in December V/s 2.3% in November. Benign food inflation and softening crude prices remained key reasons despite attempts by the government to prop up crop prices through hikes in MSP earlier this year. Core

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.)

inflation, however, remained steady at 5.7% in December. Tepid inflation figures, well below the RBI’s target rate has led to real rates at historic highs making it amongst the most attractive debt markets in the EM basket. A stable currency and high yields are likely to attract foreign investors given stable macro-economic factors.

• Interim Budget 2019: The last budget of the Modi government before national elections showed signs of measured populism, in line with market expectations, as it aimed to appease voters across the low income salaried classes and rural heartland stratas. With revenue expectations looking optimistic, increased spending on welfare projects is likely to stress an already strained government balance sheet.

• Corporate Debt Concerns: Corporate debt of certain groups was in focus over negative media coverage. We continue to believe that these are isolated instances and normalcy should return to the corporate bond market. Currently, the upgrades to downgrades ratio remains positive and provides opportunities to investors in the short to medium duration space.

• US Fed – Flip flop on growth: The US Fed tempered its growth assumptions citing weaker jobs data and the US shut down and weaker global growth forecasts. In response to the lower growth estimates the Fed held rates and revised its key rate and growth estimates for the rest of the year.

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

Market View

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 debt market has taken the budget as a sentimental negative given the higher borrowing targets next year and concerns over the health of the government balance sheet. Fiscal concerns continue to remain elevated given the likely shortfall in GST collections and welfare initiatives initiated by the government in the build up to national elections. We believe the culmination of these factors will likely limit opportunities in the long bonds 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.

Inflation continues to remain below the RBI’s target rate. This has been driven by persistently low food inflation and fall in crude oil prices. Inflation is likely to see some degree of retracement on the back of seasonal adjustment and increased populist spending by the government in the run up to the national elections. Durable medium term inflation is likely to remain around the RBI’s target rate of 4%. Crude will remain the joker in the pack given medium term uncertainty.

Given our outlook of stable rates in the medium term we reiterate our positive stance on the shorter end of the curve. Currently, the curve offers significant opportunities from an investment perspective as credit spreads and carry remains attractive. Elevated spreads have made the risk reward more attractive in AA credits and hence we have selectively added such credits across our portfolios. As always our prudent investment norms and strong risk mitigation framework have helped us sidestep material credit risk.

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

749.62 Cr.


744.98 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@*


@*


9.17%PORTFOLIO TURNOVER# (1 YEAR)

4.57 times

Issuer Industry/Rating Equity Exposure

Derivate Exposure

Net Exposure % of Net Assets

EQUITY 65.88% -25.71% 40.17%HDFC Bank Limited Banks 4.44% 4.44%Tata Consultancy Services Limited Software 3.39% -0.02% 3.37%

Infosys Limited Software 3.08% 3.08%

Reliance Industries Limited Petroleum Products 3.84% -0.80% 3.04%HDFC Limited Finance 5.27% -2.40% 2.88%ICICI Bank Limited Banks 2.94% -0.26% 2.69%Kotak Mahindra Bank Limited Banks 2.23% 2.23%Britannia Industries Limited Consumer Non Durables 2.38% -0.31% 2.06%Hindustan Unilever Limited Consumer Non Durables 2.87% -1.04% 1.83%Bajaj Finance Limited Finance 1.83% -0.04% 1.79%Sundaram Finance Limited Finance 1.37% 1.37%Mahindra & Mahindra Financial Services Limited Finance 6.55% -5.37% 1.18%Gruh Finance Limited Finance 1.16% 1.16%Nestle India Limited Consumer Non Durables 1.05% 1.05%TCNS Clothing Co. Limited Textile Products 1.03% 1.03%Cholamandalam Investment and Finance Company Limited

Finance 1.02% 1.02%

Asian Paints Limited Consumer Non Durables 0.96% 0.96%Cummins India Limited Industrial Products 0.95% 0.95%Maruti Suzuki India Limited Auto 4.08% -3.15% 0.93%Wipro Limited Software 0.75% 0.75%Voltas Limited Construction Project 0.73% 0.73%Larsen & Toubro Limited Construction Project 0.61% 0.61%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.03%DEBT SECURITIESCORPORATE BOND 22.99%REC Limited CRISIL AAA 3.95%Bank of Baroda CARE AA 3.56%ICICI Bank Limited ICRA AA+ 3.48%Reliance Industries Limited CRISIL AAA 2.58%Punjab National Bank IND A+ 2.45%Piramal Capital & Housing Finance Limited ICRA AA+ 1.74%Dewan Housing Finance Corporation Limited BWR AAA 1.32%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.90%

Power Grid Corporation of India Limited CRISIL AAA 0.68%Hinduja Leyland Finance Limited CARE AA- 0.67%Union Bank of India BWR AA 0.64%NABARD CRISIL AAA 0.63%Syndicate Bank IND A+ 0.40%FIXED DEPOSIT 8.19%HDFC Bank Limited Fixed Deposit 8.19%GOVERNMENT BOND 1.47%8.28% GOI (M/D 21/09/2027) Sovereign 0.70%7.37% GOI (MD 16/04/2023) Sovereign 0.68%7.72% GOI (MD 26/10/2055) Sovereign 0.05%7.35% GOI (MD 22/06/2024) Sovereign 0.03%PASS THROUGH CERTIFICATE 0.25%IIERT Trust CRISIL AAA(SO) 0.25%CASH & OTHER NET CURRENT ASSETS 1.23%NET ASSETS 100.00%

PORTFOLIO

Unhedged Equity 40.17% Debt, Cash & Other receivables 34.12% Hedged Equity 25.71%



AAA, SOV & Equivalent 19.06% AA+ 6.11% AA 4.20% A+ 2.84% AA- 0.67%




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Jan 25, 2019 0.0553 0.0553 10.5100 10.4400 0.0553 0.0553 10.9300 10.8700Dec 26, 2018 0.0553 0.0553 10.6025 10.5400 0.0553 0.0553 11.0225 10.9600

Monthly Dividend Nov 26, 2018 0.0553 0.0553 10.5500 10.4800 0.0553 0.0553 10.9500 10.8800

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. CBLO/ 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 3.86% 10,386 7.71% 12,505 NA NA 6.35% 12,38014-Aug-15NIFTY50 Equity Savings Index (Benchmark) 3.92% 10,392 9.27% 13,057 NA NA 7.37% 12,799

Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 8.50% 13,271Axis Equity Saver Fund - Direct Plan - Growth 4.96% 10,496 8.98% 12,952 NA NA 7.62% 12,900

14-Aug-15NIFTY50 Equity Savings Index (Benchmark) 3.92% 10,392 9.27% 13,057 NA NA 7.37% 12,799Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 8.50% 13,271Past 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

2,379.17 Cr.


2,351.79 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index

AVERAGE MATURITY*

290 days MODIFIED DURATION*


8.24%PORTFOLIO TURNOVER#

(1 YEAR)

3.93 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 65.28% -30.92% 34.36%

HDFC Bank Limited Banks 3.15% 3.15%

Reliance Industries Limited Petroleum Products 6.06% -3.48% 2.58%

Tata Consultancy Services Limited Software 3.26% -0.83% 2.42%

Infosys Limited Software 3.80% -1.48% 2.32%

ICICI Bank Limited Banks 2.24% -0.22% 2.02%

HDFC Limited Finance 3.02% -1.41% 1.61%

Kotak Mahindra Bank Limited Banks 1.48% 1.48%

Britannia Industries LimitedConsumer Non Durables

2.96% -1.48% 1.48%

Sundaram Finance Limited Finance 1.37% 1.37%

Hindustan Unilever LimitedConsumer Non Durables

1.94% -0.60% 1.35%

Bajaj Finance Limited Finance 2.39% -1.08% 1.31%

Nestle India LimitedConsumer Non Durables

1.50% -0.20% 1.30%

TCNS Clothing Co. Limited Textile Products 1.16% 1.16%

Mahindra & Mahindra Financial Services Limited

Finance 1.19% -0.14% 1.05%

Larsen & Toubro Limited Construction Project 0.90% 0.90%

Asian Paints LimitedConsumer Non Durables

1.76% -0.87% 0.89%

City Union Bank Limited Banks 0.89% 0.89%

Cholamandalam Investment and Finance Company Limited

Finance 0.74% 0.74%

Gruh Finance Limited Finance 0.74% 0.74%

Wipro Limited Software 4.01% -3.30% 0.71%

Maruti Suzuki India Limited Auto 2.39% -1.71% 0.68%

Endurance Technologies Limited Auto Ancillaries 0.66% 0.66%

Divi's Laboratories Limited Pharmaceuticals 0.83% -0.19% 0.64%

Varroc Engineering Limited Auto Ancillaries 0.61% 0.61%

Cummins India Limited Industrial Products 0.52% 0.52%

ACC Limited Cement 0.55% -0.04% 0.51%


DEBT SECURITIES




Shriram Transport Finance Company Limited

CRISIL AA+ 1.77%






CARE AAA 1.03%



BWR AAA 0.79%




Piramal Enterprises Limited ICRA AA 0.42%

Piramal Capital & Housing Finance Limited

ICRA AA+ 0.21%


Tata Sons Private Ltd CRISIL AAA 0.21%


PORTFOLIO

Debt, Cash & Other receivables 34.72% Unhedged Equity 34.36% Hedged Equity 30.92%



AAA, SOV & Equivalent 13.02% AA 3.62% AA+ 3.38% AA- 1.84% 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 1.52% 10,152 4.35% 10,6601-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 3.21% 10,321 5.23% 10,795

Nifty 50 (Additional Benchmark) -0.35% 9,965 5.89% 10,898Axis Dynamic Equity Fund - Direct Plan - Growth 3.31% 10,331 6.17% 10,940

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 3.21% 10,321 5.23% 10,795Nifty 50 (Additional Benchmark) -0.35% 9,965 5.89% 10,898Past 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 18 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 6.80%

HDFC Bank Limited Fixed Deposit 6.80%



Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.36%

CASH & OTHER NET CURRENT ASSETS 12.14%

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

2,201.07 Cr.


2,164.29 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 76.85%

HDFC BANK LIMITED Banks 8.22%










ITC Limited Consumer Non Durables 2.41%








Torrent Pharmaceuticals Limited Pharmaceuticals 1.41%



Container Corporation of India Limited Transportation 1.05%

PI Industries Limited Pesticides 0.97%


Max Financial Services Limited Finance 0.94%

Tech Mahindra Limited Software 0.86%



HDFC Life Insurance Company Limited Finance 0.62%



Hero MotoCorp Limited Auto 0.53%

Shree Cement Limited Cement 0.51%


DEBT SECURITIES



L&T Housing Finance ICRA A1+ 4.52%

Power Finance Corporation Limited CRISIL A1+ 1.15%



Bank of Baroda CARE AAA 3.19%


HDFC Bank Limited CRISIL AAA 1.60%


Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 1.15%


Dewan Housing Finance Corporation Limited CARE AAA 1.12%





MARGIN FIXED DEPOSIT 1.16%

HDFC Bank Limited 1.16%


NET ASSETS 100.00%


AVERAGE MATURITY*@

1.8 yearsMODIFIED DURATION*@


8.23%

DEBT COMPONENT


EQUITY 76.99% Debt, Cash & other current assets 23.01%



AA+ 0.45%

AA 1.15%

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 8.77%

Adani Transmission Limited IND AA+ 7.05%

Dewan Housing Finance Corporation Limited BWR AAA 6.94%







Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 1.75%


Blue Dart Express Limited ICRA AA 0.01%

EQUITY 19.52%









Motherson Sumi Systems Limited Auto Ancillaries

0.64%






Multi Commodity Exchange of India Limited Finance 0.53%




IndusInd Bank Limited CRISIL A1+1+ 3.51%


Indiabulls Housing Finance Limited CRISIL A1+1 A1+ 3.43%


NET ASSETS 100.00%

DATE OF ALLOTMENT


288.38 Cr.


283.77 Cr.

AVERAGE MATURITY@*

349 daysMODIFIED DURATION

@*


8.70%

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 2.38% 10,238 6.56% 12,106 9.12% 15,476 7.79% 18,99516-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index

(Benchmark)5.31% 10,531 9.31% 13,069 9.77% 15,943 8.91% 20,752

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 NA NAAxis Regular Saver Fund - Direct Plan - Growth 3.46% 10,346 7.94% 12,583 10.68% 16,613 9.62% 17,477

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

5.31% 10,531 9.31% 13,069 9.77% 15,943 9.19% 17,059

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.56% 14,710Past 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 30 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 69.77% Equity 19.52% Certificate of Deposit 3.51% Commercial Paper 3.43% Net Current Assets 3.76%


AAA, SOV & Equivalent 58.88% AA+ 7.05% A+ 5.63% AA 3.41% AA- 1.75%

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 69.22%










2.27%

Larsen & Toubro LimitedConstruction Project

2.06%


2.05%



Titan Company LimitedConsumer Durables

1.69%



ITC LimitedConsumer Non Durables

1.46%










V-Guard Industries LimitedIndustrial Capital Goods

1.01%




Camlin Fine Sciences Limited Chemicals 0.64%

Blue Dart Express Limited Transportation 0.53%

HDFC Life Insurance Company Limited Finance 0.53%


DEBT SECURITIES












Ujjivan Small Finance Bank Limited CARE A+ 1.31%





7.37% GOI (MD 16/04/2023) Sovereign 2.63%

7.17% GOI (MD 08/01/2028) Sovereign 0.48%

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





NET ASSETS 100.00%



DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

386.97 Cr.


382.26 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index

AVERAGE MATURITY@*


@*


8.98%PORTFOLIO TURNOVER#

(1 YEAR)

1.84 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

-3.04% 9,696 7.53% 12,441 6.95% 12,359

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 12.88% 14,646Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

-1.50% 9,850 9.28% 13,059 8.69% 13,00108-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 11.11% 13,935

Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 12.88% 14,646Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

-3.04% 9,696 7.53% 12,440 6.95% 12,35708-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 11.11% 13,935

Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 12.88% 14,646Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

-1.41% 9,859 9.55% 13,156 8.97% 13,108

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 12.88% 14,646Past 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 69.22% Debt, Cash & Other receivables 30.78%

AAA, SOV & Equivalent 11.72% AA 7.22% AA+ 5.43% A+ 3.39% AA- 2.60%

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

276.98 Cr.


272.73 Cr.

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

Index + 15% of INR Price of Gold

AVERAGE MATURITY@*

3.3 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 -2.45% 9,755 6.87% 12,211 7.62% 14,437 7.31% 18,141

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

2.70% 10,270 12.11% 14,105 11.48% 17,221 9.19% 21,006

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

6.74% 10,674 6.57% 12,111 8.15% 14,801 NA NA

Axis Triple Advantage Fund - Direct Plan - Growth

-1.48% 9,852 8.06% 12,625 8.83% 15,268 7.18% 15,251

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

2.70% 10,270 12.11% 14,105 11.48% 17,221 9.63% 17,497

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

6.74% 10,674 6.57% 12,111 8.15% 14,801 6.63% 14,781

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@*



1.06 times



EQUITY 69.35%










Larsen & Toubro LimitedConstruction Project

2.41%



1.95%



1.77%

TCNS Clothing Co. Limited Textile Products 1.76%

Titan Company LimitedConsumer Durables

1.72%





1.37%




Container Corporation of India Limited Transportation 1.10%



Camlin Fine Sciences Limited Chemicals 0.89%




Blue Dart Express Limited Transportation 0.61%

DEBT SECURITIES 17.12%






India Infrastructure Fin Co Ltd CRISIL AAA 0.97%



Hindalco Industries Limited CRISIL AA 0.19%


7.37% GOI (MD 16/04/2023) Sovereign 3.69%

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

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

GOLD 12.15%

Axis Gold ETF 12.15%


NET ASSETS 100.00%

COMPOSITION BY ASSETS (%) Unhedged Equity 69.35% Debt, Cash & Other receivables 18.49% Gold 12.15%


AAA, SOV & Equivalent 15.67% A+ 1.76% AA 1.07%

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

2,273.45 Cr.


2,339.11 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*@

68 daysMODIFIED DURATION*@



11.80 times


% Of Net Asset

Exposure EQUITY 66.66%

Reliance Industries LimitedPetroleum Products

7.59%


Sun Pharmaceutical Industries Limited Pharmaceuticals 6.51%



United Spirits LimitedConsumer Non Durables

2.60%

Page Industries Limited Textile Products 2.57%


2.50%

Mahindra & Mahindra Limited Auto 1.84%


1.70%

Tata Steel Limited Ferrous Metals 1.45%

Mahindra & Mahindra Financial Services Limited Finance 1.33%

Century Textiles & Industries Limited Cement 1.24%


Britannia Industries LimitedConsumer Non Durables

1.10%


Yes Bank Limited Banks 0.99%

Bharat Forge Limited Industrial Products 0.98%


Grasim Industries Limited Cement 0.80%

Shree Cement Limited Cement 0.77%

Tata Global Beverages LimitedConsumer Non Durables

0.75%

Cadila Healthcare Limited Pharmaceuticals 0.74%

Punjab National Bank Banks 0.72%

Dabur India LimitedConsumer Non Durables

0.69%

Bharti Airtel Limited Telecom - Services 0.69%

UPL Limited Pesticides 0.66%

HCL Technologies Limited Software 0.59%

Ashok Leyland Limited Auto 0.52%


DEBT SECURITIES


NABARD CRISIL A1+ 1.71%

Equitas Small Finance Bank Limited CRISIL A1+ 1.07%


HDFC Limited ICRA A1+ 4.39%



Tata Capital Financial Services Limited CRISIL AAA 1.07%



Cholamandalam Investmentand Finance Company Limited

ICRA AA+ 0.43%

India Infoline Finance Limited ICRA AA 0.43%





L&T Finance Limited ICRA AAA 0.16%


FIXED DEPOSIT 13.68%

HDFC Bank Limited Fixed Deposit 13.68%


Dewan Housing Finance Corporation Limited CARE AAA 1.04%



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 5.84% 10,584 6.11% 11,954 NA NA 6.50% 13,247

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.85% 10,485 5.14% 11,628 NA NA 5.95% 12,947

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 NA NA 7.61% 13,876

Axis Arbitrage Fund - Direct Plan - Growth 6.68% 10,668 6.98% 12,249 NA NA 7.38% 13,746

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.85% 10,485 5.14% 11,628 NA NA 5.95% 12,947

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 NA NA 7.61% 13,876Past 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 30 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 18 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

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

Dividend

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 10.9977

Oct 21, 2018 0.0442 0.0442 10.5149 10.4649 0.0442 0.0442 11.0263 10.9763Please 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 10,80,000 6,00,000 3,60,000 1,20,000

Market value as on January 31, 2019 19,52,135 7,94,773 4,31,147 1,21,214

Returns (Annualised) 12.72% 11.18% 12.06% 1.88%

Benchmark Returns (Annualised) 11.05% 10.13% 10.81% 1.57%

Additional Benchmark Returns (Annualised) 11.47% 10.88% 12.58% 4.42%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st January 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 10,90,000 6,00,000 3,60,000 1,20,000


Returns (Annualised) 16.12% 10.36% 7.34% -9.02%

Benchmark Returns (Annualised) 11.59% 10.25% 9.49% -2.04%


^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) 13.55% 9.71% 3.55% -14.14%


^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 7,90,000 6,00,000 3,60,000 1,20,000




Additional Benchmark Returns (Annualised) 12.06% 10.25% 9.49% -2.04%

^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 4,10,000 3,60,000 1,20,000

Market value as on January 31, 2019 4,61,009 3,98,884 1,21,855

Returns (Annualised) 6.80% 6.77% 2.87%

Benchmark Returns (Annualised) 7.92% 7.79% 4.91%

Additional Benchmark Returns (Annualised) 10.96% 10.81% 1.57%^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 1,50,000 1,20,000

Market value as on January 31, 2019 1,53,074 1,20,949

Returns (Annualised) 3.10% 1.47%

Benchmark Returns (Annualised) -3.40% -4.58%

Additional Benchmark Returns (Annualised) 3.02% 1.57%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st January 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) 4.53% 3.29% -4.02% -26.31%


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




Additional Benchmark Returns (Annualised) N/A 6.48% 4.82% 9.85%^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



Returns (Annualised) 7.79% 6.34% 5.23% 2.21%


Additional Benchmark Returns (Annualised) N/A 6.48% 4.82% 9.85%

^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 1,80,000 1,20,000

Market value as on January 31, 2019 1,83,210 1,20,298

Returns (Annualised) 2.25% 0.46%

Benchmark Returns (Annualised) 5.54% 5.36%

Additional Benchmark Returns (Annualised) 4.24% 1.57%^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 2040.5234Monthly Dividend 1002.0245Weekly Dividend 1002.6689Retail Daily Dividend 1000.9559Retail Growth 1928.2288Retail Monthly Dividend 1001.3491Retail Weekly Dividend 1001.1607Direct Bonus 2048.5699Direct plan - Daily Dividend 1000.9560Direct plan - Growth 2048.6806Direct plan - Monthly Dividend 1001.4387Direct plan - Weekly Dividend 1002.6730

Option NAV (`)Growth 18.5444Half Yearly Dividend 10.7431Quarterly Dividend 10.3187Direct Plan - Growth 19.8227Direct Plan - Half Yearly Dividend 11.5673Direct Plan - Quarterly Dividend 10.6052

Option NAV (`)Growth 14.3138Monthly Dividend 10.1005Weekly Dividend 10.1669Direct Growth 15.0791Direct Monthly Dividend 10.0464Direct Weekly Dividend 10.2481

Option NAV (`)Daily Dividend 1009.9925Growth 1704.6773Monthly Dividend 1009.6015Weekly Dividend 1010.0793Direct Plan - Daily Dividend 1010.0063Direct Plan - Growth 1725.3584Direct Plan - Monthly Dividend 1009.6460Direct Plan - Weekly Dividend 1010.1004

Option NAV (`)Growth 15.7447Half Yearly Dividend 10.7746Regular Dividend 10.0524Direct Plan - Growth 16.2472Direct Plan - Half Yearly Dividend 10.7971Direct Plan - Regular Dividend 10.0545

Option NAV (`)Daily Dividend 1006.2334Growth 2054.6430Monthly Dividend 1006.5461Weekly Dividend 1006.4622Retail Daily Dividend 1005.4758Retail Growth 1922.7252Retail Monthly Dividend 1006.5432Retail Weekly Dividend 1005.0617Direct Plan - Daily Dividend 1007.2893Direct Plan - Growth 2110.5383Direct Plan - Monthly Dividend 1006.5966Direct Plan - Weekly Dividend 1005.0858

Option NAV (`)Regular Plan Regular Dividend 11.1802Regular Plan Daily Dividend 10.0727Regular Plan Growth 11.1796Regular Plan Monthly Dividend 10.0587Regular Plan Weekly Dividend 10.0524Direct Plan Regular Dividend 11.3280Direct Plan Daily Dividend 10.0793Direct Plan Growth 11.3308Direct Plan Monthly Dividend 10.0599Direct Plan Weekly Dividend 10.0530

Option NAV (`)Bonus 19.9717Growth 19.8581Monthly Dividend 10.1622Weekly Dividend 10.2491Regular Dividend 13.2847Retail Growth 19.6340Retail Monthly Dividend 10.0274Retail Weekly Dividend 10.1575Direct Plan - Regular Dividend 12.6825Direct Plan - Growth 20.8134Direct Plan - Monthly Dividend 10.0296Direct Plan - Weekly Dividend 10.2494

Option NAV (`)Growth 17.8589Half Yearly Dividend 10.7658Quarterly Dividend 10.2407Direct Plan - Growth 18.7868Direct Plan - Half Yearly Dividend 11.1359Direct Plan - Quarterly Dividend 10.8086

Option NAV (`)Dividend 15.69Growth 26.77Direct Plan - Dividend 17.05Direct Plan - Growth 28.74



Option NAV (`)Dividend 10.74Growth 10.74Direct Dividend 10.95Direct Growth 10.96



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 31st January 2019)

Debt Funds (as on 31st January 2019)

Option NAV (`)Regular Plan Regular Dividend 10.3174Regular Plan Daily Dividend 10.0200Regular Plan Growth 10.3174Regular Plan Monthly Dividend 10.0404Regular Plan Weekly Dividend 10.0553Direct Plan Regular Dividend 10.3503Direct Plan Daily Dividend 10.0200Direct Plan Growth 10.3500Direct Plan Monthly Dividend 10.0535Direct Plan Weekly Dividend 10.0561

Axis Ultra Short Term Fund

Axis Credit Risk Fund


Axis Small Cap Fund


Axis Growth Opportunities Fund

NAV

40

Option NAV (`)Regular Regular Dividend 9.56Regular Growth 9.56Regular Monthly Dividend 9.56Regular Quarterly Dividend 9.56Direct Regular Dividend 9.64Direct Growth 9.64Direct Monthly Dividend 9.65Direct Quarterly Dividend 9.64

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund

Option NAV (`)Regular Dividend 12.02Growth 12.38Monthly Dividend 10.49Quarterly Dividend 10.58Direct Regular Dividend 11.98Direct Growth 12.90Direct Monthly Dividend 10.91Direct Quarterly Dividend 11.02

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 12.9936Direct Plan - No Lock-In - Growth 13.1075No Lock-In - Dividend 12.3625No Lock-In - Growth 12.3574Compulsory Lock-In - Dividend 12.3653Compulsory Lock-In - Growth 12.3587Dir Plan - Comp Lock-In - Dividend 12.9937Dir Plan - Comp Lock-In - Growth 13.0010

Axis Dynamic Equity Fund


Option NAV (`)Growth Option 18.9954Dividend Option - Half Yearly 10.7859Dividend Option - Quarterly 10.5124Dividend Option - Annual 11.8037Direct Plan - Growth 20.5731Direct Plan - Half Yearly Dividend 11.5630Direct Plan - Quarterly Dividend 13.2430Direct Plan - Annual Dividend 12.5797

Axis Triple Advantage Fund


Hybrid Funds (as on 31st January 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-104.41% 10,441 13.89% 14,790 15.25% 20,342 11.46% 26,770

Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 9.56% 22,911S&P BSE Sensex (Additional Benchmark) 2.06% 10,206 14.86% 15,171 13.60% 18,929 9.80% 23,364Axis Bluechip Fund - Direct Plan - Growth

01-Jan-135.90% 10,590 15.30% 15,344 16.67% 21,625 15.15% 23,596

Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622S&P BSE Sensex (Additional Benchmark) 2.06% 10,206 14.86% 15,171 13.60% 18,929 12.21% 20,160Axis Midcap Fund - Growth

18-Feb-112.19% 10,219 12.70% 14,327 20.98% 25,925 16.64% 34,040

S&P BSE Midcap (Benchmark) -15.33% 8,467 13.03% 14,456 19.57% 24,452 11.81% 24,312Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 10.36% 21,903Axis Midcap Fund - Direct Plan - Growth

01-Jan-133.31% 10,331 13.98% 14,824 22.50% 27,600 17.52% 26,713

S&P BSE Midcap (Benchmark) -15.33% 8,467 13.03% 14,456 19.57% 24,452 13.72% 21,864Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622Axis Multicap Fund - Regular Plan - Growth@

20-Nov-175.60% 10,560 NA NA NA NA 6.14% 10,740

Nifty 500 (Benchmark) -5.95% 9,405 NA NA NA NA -0.35% 9,958Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.59% 10,674Axis Multicap Fund - Direct Plan - Growth@

20-Nov-177.45% 10,745 NA NA NA NA 7.96% 10,960

Nifty 500 (Benchmark) -5.95% 9,405 NA NA NA NA -0.35% 9,958Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.59% 10,674Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth@

25-May-17-0.83% 9,917 NA NA NA NA 4.72% 10,810

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 1.45% 10,145 NA NA NA NA 8.60% 11,493Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 9.59% 11,671Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-170.82% 10,082 NA NA NA NA 6.49% 11,120

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 1.45% 10,145 NA NA NA NA 8.60% 11,493Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 9.59% 11,671Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth@

03-Aug-171.95% 10,195 NA NA NA NA 2.92% 10,440

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 1.45% 10,145 NA NA NA NA 6.05% 10,919Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 6.62% 11,006Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-173.87% 10,387 NA NA NA NA 4.82% 10,730

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 1.45% 10,145 NA NA NA NA 6.05% 10,919Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 6.62% 11,006

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

29-Dec-09-4.05% 9,595 11.18% 13,754 19.30% 24,178 16.65% 40,588

S&P BSE 200 (Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 10.08% 23,956Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 9.75% 23,309Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-13-3.08% 9,692 12.38% 14,207 20.71% 25,646 19.24% 29,172

S&P BSE 200 (Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 12.42% 20,385Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622Axis Focused 25 Fund - Growth

29-Jun-12-5.34% 9,466 14.85% 15,166 16.73% 21,678 15.04% 25,190

Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 12.88% 22,231S&P BSE 200 (Additional Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 13.83% 23,495Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-13-4.17% 9,583 16.24% 15,725 18.19% 23,072 14.87% 23,250

Nifty 50 (Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 11.71% 19,622S&P BSE 200 (Additional Benchmark) -3.38% 9,662 14.32% 14,957 15.11% 20,216 12.42% 20,385Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth@

29-Dec -16

-6.26% 9,374 NA NA NA NA 6.38% 11,380

S&P BSE Midcap (Benchmark) -15.33% 8,467 NA NA NA NA 11.26% 12,498Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 16.40% 13,736Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan- Growth@

29-Dec -16

-4.85% 9,515 NA NA NA NA 8.06% 11,760

S&P BSE Midcap (Benchmark) -15.33% 8,467 NA NA NA NA 11.26% 12,498Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 16.40% 13,736Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@

29-Dec -16

-5.25% 9,475 NA NA NA NA 5.12% 11,010

S&P BSE Midcap (Benchmark) -15.33% 8,467 NA NA NA NA 4.98% 10,980Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 12.28% 12,500Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan- Growth@

29-Dec -16

-3.73% 9,627 NA NA NA NA 6.80% 11,350

S&P BSE Midcap (Benchmark) -15.33% 8,467 NA NA NA NA 4.98% 10,980Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 12.28% 12,500

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

14-Aug-153.86% 10,386 7.71% 12,505 NA NA 6.35% 12,380

NIFTY 50 Equity Savings Index (Benchmark) 3.92% 10,392 9.27% 13,057 NA NA 7.37% 12,799Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 8.50% 13,271Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-154.96% 10,496 8.98% 12,952 NA NA 7.62% 12,900

NIFTY 50 Equity Savings Index (Benchmark) 3.92% 10,392 9.27% 13,057 NA NA 7.37% 12,799Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 8.50% 13,271Axis Triple Advantage Fund - Growth

23-Aug-10-2.45% 9,755 6.87% 12,211 7.62% 14,437 7.31% 18,141

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 2.70% 10,270 12.11% 14,105 11.48% 17,221 9.19% 21,006NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 NA NAAxis Triple Advantage Fund - Direct Plan Growth

01-Jan-13-1.48% 9,852 8.06% 12,625 8.83% 15,268 7.18% 15,251

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 2.70% 10,270 12.11% 14,105 11.48% 17,221 9.63% 17,497NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.63% 14,781Axis Dynamic Bond Fund - Growth

27-Apr-116.56% 10,656 7.58% 12,460 8.59% 15,099 8.27% 18,544

NIFTY Composite Debt Index (Benchmark) 6.37% 10,637 7.37% 12,384 8.78% 15,238 8.19% 18,437NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.94% 16,842Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-137.47% 10,747 8.54% 12,797 9.77% 15,941 9.12% 17,009

NIFTY Composite Debt Index (Benchmark) 6.37% 10,637 7.37% 12,384 8.78% 15,238 7.93% 15,908NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.63% 14,781Axis Dynamic Equity Fund -Regular Plan - Growth

1-Aug-171.52% 10,152 NA NA NA NA 4.35% 10,660

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 3.21% 10,321 NA NA NA NA 5.23% 10,795Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.89% 10,898Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-173.31% 10,331 NA NA NA NA 6.17% 10,940

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 3.21% 10,321 NA NA NA NA 5.23% 10,795Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.89% 10,898Axis Capital Protection Oriented Fund - Series 5 #

02-Nov-12-1.87% 9,813 6.49% 12,084 7.72% 14,505 7.40% 15,620

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 5.03% 10,503 8.76% 12,875 10.11% 16,191 9.10% 17,238NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.61% 15,816Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-15-3.04% 9,696 7.53% 12,441 NA NA 6.95% 12,359

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935

Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-15-1.50% 9,850 9.28% 13,059 NA NA 8.69% 13,001

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-15-3.04% 9,696 7.53% 12,440 NA NA 6.95% 12,357

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-15-1.41% 9,859 9.55% 13,156 NA NA 8.97% 13,108

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646

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

23-Aug-10-2.45% 9,755 6.87% 12,211 7.62% 14,437 7.31% 18,141

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 2.70% 10,270 12.11% 14,105 11.48% 17,221 9.19% 21,006NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 #VALUE! #VALUE!Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-13-1.48% 9,852 8.06% 12,625 8.83% 15,268 7.18% 15,251

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 2.70% 10,270 12.11% 14,105 11.48% 17,221 9.63% 17,497NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.63% 14,781

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st January 2019)

42






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Regular Saver Fund£ - Growth #

16-Jul-102.38% 10,238 6.56% 12,106 9.12% 15,476 7.79% 18,995

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 5.31% 10,531 9.31% 13,069 9.77% 15,943 8.91% 20,752NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 NA NAAxis Regular Saver Fund£ - Direct Plan - Growth #

04-Jan-133.46% 10,346 7.94% 12,583 10.68% 16,613 9.62% 17,477

NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 5.31% 10,531 9.31% 13,069 9.77% 15,943 9.19% 17,059NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.74% 10,674 6.57% 12,111 8.15% 14,801 6.56% 14,710Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-15-3.04% 9,696 7.53% 12,441 NA NA 6.95% 12,359

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-15-1.50% 9,850 9.28% 13,059 NA NA 8.69% 13,001

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-15-3.04% 9,696 7.53% 12,440 NA NA 6.95% 12,357

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-15-1.41% 9,859 9.55% 13,156 NA NA 8.97% 13,108

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.18% 10,218 12.00% 14,063 NA NA 11.11% 13,935Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 12.88% 14,646Axis Nifty ETF

03-Jul-17-0.31% 9,969 NA NA NA NA 9.86% 11,603

Nifty 50 (Benchmark) -0.35% 9,965 NA NA NA NA 9.21% 11,495FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 5 SCHEMES)

Axis Liquid Fund - Growth09-Oct-09

7.51% 10,751 7.25% 12,341 7.82% 14,571 7.95% 20,405NIFTY Liquid Index (Benchmark) 7.45% 10,745 7.08% 12,279 7.66% 14,470 7.90% 20,306NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,316 7.74% 14,521 6.90% 18,628Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.57% 10,757 7.33% 12,366 7.89% 14,618 8.13% 16,094

NIFTY Liquid Index (Benchmark) 7.45% 10,745 7.08% 12,279 7.66% 14,470 7.94% 15,925NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,316 7.74% 14,521 7.60% 15,615Axis Liquid Fund - Retail Plan - Growth

01-Mar-106.91% 10,691 6.67% 12,139 7.24% 14,187 7.63% 19,282

NIFTY Liquid Index (Benchmark) 7.45% 10,745 7.08% 12,279 7.66% 14,470 8.10% 20,034NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,316 7.74% 14,521 7.04% 18,360Axis Treasury Advantage Fund - Growth

09-Oct-097.54% 10,754 7.39% 12,393 7.86% 14,599 8.03% 20,546

NIFTY Low Duration Debt Index (Benchmark) 7.67% 10,767 7.56% 12,450 8.11% 14,769 8.25% 20,935NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 6.90% 18,628Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-138.08% 10,808 7.93% 12,582 8.37% 14,949 8.60% 16,518

NIFTY Low Duration Debt Index (Benchmark) 7.67% 10,767 7.56% 12,450 8.11% 14,769 8.21% 16,160NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 15,609Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-107.48% 10,748 6.96% 12,245 7.32% 14,237 7.60% 19,227

NIFTY Low Duration Debt Index (Benchmark) 7.67% 10,767 7.56% 12,450 8.11% 14,769 8.37% 20,477NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.05% 18,356Axis Banking & PSU Debt Fund - Growth

08-Jun-127.74% 10,774 7.72% 12,507 8.16% 14,808 8.35% 17,047

NIFTY Banking & PSU Debt Index (Benchmark) 5.41% 10,541 6.97% 12,247 8.19% 14,824 8.18% 16,875NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 16,264Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-138.05% 10,805 7.95% 12,588 8.38% 14,959 8.46% 16,388

NIFTY Banking & PSU Debt Index (Benchmark) 5.41% 10,541 6.97% 12,247 8.19% 14,824 7.94% 15,922NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.59% 15,609

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

14-Aug-153.86% 10,386 7.71% 12,505 NA NA 6.35% 12,380

NIFTY50 Equity Savings Index (Benchmark) 3.92% 10,392 9.27% 13,057 NA NA 7.37% 12,799Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 8.50% 13,271Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-154.96% 10,496 8.98% 12,952 NA NA 7.62% 12,900

NIFTY50 Equity Savings Index (Benchmark) 3.92% 10,392 9.27% 13,057 NA NA 7.37% 12,799Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 NA NA 8.50% 13,271Axis Small Cap Fund - Regular Plan - Growth@@

29-Nov-13-7.35% 9,265 10.75% 13,594 21.55% 26,551 20.37% 26,100

Nifty Smallcap 100 (Benchmark) -29.72% 7,028 7.85% 12,551 15.12% 20,229 14.66% 20,299Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 12.84% 18,683Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-13-6.30% 9,370 11.97% 14,050 22.91% 28,071 21.72% 27,650

Nifty Smallcap 100 (Benchmark) -29.72% 7,028 7.85% 12,551 15.12% 20,229 14.66% 20,299Nifty 50 (Additional Benchmark) -0.35% 9,965 14.20% 14,910 13.61% 18,930 12.84% 18,683Axis Dynamic Equity Fund - Regular Plan - Growth

1-Aug-171.52% 10,152 NA NA NA NA 4.35% 10,660

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 3.21% 10,321 NA NA NA NA 5.23% 10,795Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.89% 10,898Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-173.31% 10,331 NA NA NA NA 6.17% 10,940

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 3.21% 10,321 NA NA NA NA 5.23% 10,795Nifty 50 (Additional Benchmark) -0.35% 9,965 NA NA NA NA 5.89% 10,898Axis Emerging Opportunities Fund - Series 1 (1400 Days) -Regular Plan - Growth@

29-Dec-16

-6.26% 9,374 NA NA NA NA 6.38% 11,380

S&P BSE MidCap (Benchmark) -15.33% 8,467 NA NA NA NA 11.26% 12,498Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 16.40% 13,736Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Growth@

29-Dec-16

-4.85% 9,515 NA NA NA NA 8.06% 11,760

S&P BSE MidCap (Benchmark) -15.33% 8,467 NA NA NA NA 11.26% 12,498Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 16.40% 13,736Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@

27-Feb-17

-5.25% 9,475 NA NA NA NA 5.12% 11,010

S&P BSE MidCap (Benchmark) -15.33% 8,467 NA NA NA NA 4.98% 10,980Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 12.28% 12,500Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan@ - Growth

27-Feb-17

-3.73% 9,627 NA NA NA NA 6.80% 11,350

S&P BSE MidCap (Benchmark) -15.33% 8,467 NA NA NA NA 4.98% 10,980Nifty 50 (Additional-l Benchmark) -0.35% 9,965 NA NA NA NA 12.28% 12,500

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 18 SCHEMES) Axis Arbitrage Fund - Regular Plan - Growth

14-Aug-145.84% 10,584 6.11% 11,954 NA NA 6.50% 13,247

Nifty 50 Arbitrage Index (Benchmark) 4.85% 10,485 5.14% 11,628 NA NA 5.95% 12,947NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 NA NA 7.61% 13,876Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-146.68% 10,668 6.98% 12,249 NA NA 7.38% 13,746

Nifty 50 Arbitrage Index (Benchmark) 4.85% 10,485 5.14% 11,628 NA NA 5.95% 12,947NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 NA NA 7.61% 13,876Axis Hybrid Fund - Series 6 - Regular Plan - Growth

16-Aug-132.69% 10,269 3.80% 11,186 5.16% 12,860 5.61% 13,471

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.03% 10,503 8.76% 12,875 10.11% 16,191 10.48% 17,238NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.98% 15,207Axis Hybrid Fund - Series 6 - Direct Plan - Growth

16-Aug-133.81% 10,381 4.85% 11,531 6.20% 13,511 6.66% 14,219

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.03% 10,503 8.76% 12,875 10.11% 16,191 10.48% 17,238NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.98% 15,207Axis Hybrid Fund - Series 7 - Regular Plan - Growth

05-Sep-132.68% 10,268 4.04% 11,265 5.34% 12,972 5.67% 13,474

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.03% 10,503 8.76% 12,875 10.11% 16,191 10.10% 16,823NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.89% 15,077

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 18 SCHEMES) Axis Hybrid Fund - Series 30 - Regular Plan - Growth

11-Feb-16-1.71% 9,829 NA NA NA NA 9.96% 13,261

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%)(Benchmark) 5.48% 10,548 NA NA NA NA 9.29% 13,021NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.22% 12,301Axis Hybrid Fund - Series 30 - Direct Plan - Growth

11-Feb-16-0.38% 9,962 NA NA NA NA 11.42% 13,791

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%)(Benchmark) 5.48% 10,548 NA NA NA NA 9.29% 13,021NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.22% 12,301Axis Capital Protection Oriented Fund - Series 5 - (42M) - Growth

02-Nov-12-1.87% 9,813 6.49% 12,084 7.72% 14,505 7.40% 15,620

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.03% 10,503 8.76% 12,875 10.11% 16,191 9.10% 17,238NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 7.18% 12,320 7.74% 14,521 7.61% 15,816Axis Hybrid Fund - Series 33 - Regular Plan - Growth

09-Sep-16

-2.11% 9,789 NA NA NA NA 5.07% 11,257Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark)

5.16% 10,516 NA NA NA NA 6.88% 11,727

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.02% 11,765


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* : 2.44% / 1.32%, Axis Long Term Equity Fund*: 1.88% / 0.95%, Axis Focused 25 Fund* : 2.20% / 0.66%, Axis Bluechip Fund* : 2.29% / 0.89%, Axis Triple Advantage Fund* : 2.34% / 1.20%, Axis Midcap Fund*: 2.39% / 0.99%, Axis Equity Saver Fund* : 2.61% / 1.31%, Axis Children’s Gift Fund* : 2.50% / 0.94%, Axis Dynamic Equity Fund* : 2.31% / 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% / 0.61% , Axis Small Cap Fund* : 2.67%, 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 - Direct Plan - Growth

09-Sep-16

-0.67% 9,933 NA NA NA NA 6.73% 11,687Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark)

5.16% 10,516 NA NA NA NA 6.88% 11,727

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.02% 11,765

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 30 SCHEMES)Axis Gold ETF

10-Nov-108.62% 10,862 4.97% 11,571 1.94% 11,009 4.58% 14,452

Domestic Price of Gold (Benchmark) 9.80% 10,980 7.52% 12,436 3.82% 12,063 5.13% 15,095Axis Gold Fund - Growth

20-Oct-118.56% 10,856 4.86% 11,535 -0.69% 9,662 0.29% 10,217

Domestic Price of Gold (Benchmark) 9.80% 10,980 7.52% 12,436 3.82% 12,063 2.06% 11,601Axis Gold Fund - Direct Plan - Growth

01-Jan-139.23% 10,923 5.75% 11,831 0.44% 10,221 -0.72% 9,572

Domestic Price of Gold (Benchmark) 9.80% 10,980 7.52% 12,436 3.82% 12,063 0.50% 10,306Axis Corporate Debt Fund - Regular Plan - Growth

13-Jul-178.10% 10,810 NA NA NA NA 7.44% 11,180

NIFTY Corporate Bond Index (Benchmark) 6.17% 10,617 NA NA NA NA 5.53% 10,872NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.14% 11,131Axis Corporate Debt Fund - Direct Plan - Growth

13-Jul-179.03% 10,903 NA NA NA NA 8.38% 11,331

NIFTY Corporate Bond Index (Benchmark) 6.17% 10,617 NA NA NA NA 5.53% 10,872NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.14% 11,131

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 30 SCHEMES)Axis Hybrid Fund - Series 31 - Regular Plan - Growth

19-Jul-16-1.64% 9,836 NA NA NA NA 5.93% 11,575


19-Jul-16-0.18% 9,982 NA NA NA NA 7.61% 12,044

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%)(Benchmark) 5.16% 10,516 NA NA NA NA 7.71% 12,073NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.06% 11,889Axis Hybrid Fund - Series 30 - Regular Plan - Growth

11-Feb-16-1.71% 9,829 NA NA NA NA 9.96% 13,261


11-Feb-16-0.38% 9,962 NA NA NA NA 11.42% 13,791

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%)(Benchmark) 5.48% 10,548 NA NA NA NA 9.29% 13,021NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.22% 12,301Axis Hybrid Fund - Series 33 - Regular Plan - Growth

09-Sep-16-2.11% 9,789 NA NA NA NA 5.07% 11,257


09-Sep-16-0.67% 9,933 NA NA NA NA 6.73% 11,687

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 5.16% 10,516 NA NA NA NA 6.88% 11,727NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.74% 10,774 NA NA NA NA 7.02% 11,765

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 years 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 25 (1278 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 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

Date post:	25-Mar-2020
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