The rates are applicable for the financial year 2017-18 as per … Factsheet... · 2017-09-21 ·...

The rates are applicable for the financial year 2017-18 as per finance act, 2017

$Surcharge at 15% to be levied in case of individual/HUF unit holder where their income exceeds Rs. 1 crore. As per Finance Bill, 2017, surcharge at 10% to be levied in case of individual/ HUF unit holders where income of such unit holders exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore.

30%^ / 25%^^

^^If total turnover or gross receipts of the financial year 2015-16 does not exceed Rs. 50 crores.

Income Tax RatesFor individuals, Hindu Undivided Family, Association of Persons, Body of Individuals and Artificial juridical persons

Total Income Tax RatesUp to Rs.250,000 (a) (b) NILRs.250,001 to Rs.500,000 (d) (e) 5%Rs.500,001 to Rs.1,000,000 (e) 20%Rs.1,000,000 and above (c) (d) 30%

(a) In case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs.300,000

(b) In case of a resident individual of the age of 80 years or above, the basic exemption limit is Rs.500,000

(c) Surcharge at 15%, is applicable where income exceeds Rs.1 crore. Finance Bill, 2017 provides for surcharge at 10% to be levied where income exceeds Rs.50 lakhs but does not exceed Rs.1 crore. Marginal relief for such person is available

(d) Education cess is applicable @ 3% on aggregate of tax and surcharge.

(e) Finance Bill, 2017 provides a rebate of lower of actual tax liability or Rs.2,500 (against earlier rebate of Rs.5,000) in case of individuals having total income of less than Rs.350,000.

(e)30% /25(d)

(c)

(a) These rates will further increase by applicable surcharge & education cess.(b) Indexation benefit, as applicable.(c) Long term capital gains arising to a non-resident from transfer of unlisted securities or shares of a

company, not being a company in which the public are substantially interested, subject to 10 per cent tax (without benefit of indexation and foreign currency fluctuation.

(d) This rate applies to companies other than companies engaged in manufacturing business who are to be taxed at lower rate subject to fulfillment of certain conditions.

(e) If total turnover or gross receipts of the financial year 2015-16 does not exceed Rs.50 crores.

(c)

Progressive slab

*Considering a case of resident Individual of age less than 60 years.

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

NAV’s

Load Structure And Minimum Investment Amount

Annexures

Expense Ratios

Product Labeling

5

Equity Outlook 6Axis Equity Fund 7Axis Focused 25 Fund 8Axis Midcap Fund 9Axis Long Term Equity Fund 10Axis Enhanced Arbitrage Fund 11

Fixed Income Outlook 12Axis Liquid Fund 13

Axis Dynamic Bond Fund 16

Axis Regular Savings Fund 18Axis Fixed Income Opportunities Fund 19

Axis Banking And PSU Debt Fund 21

Axis Equity Saver Fund 23

Axis Income Saver 25Axis Children Gift Fund 26Axis Triple Advantage Fund 27

29

30

31

33

34

Axis Treasury Advantage Fund 14Axis Short Term Fund 15

Axis Constant Maturity 10 Year Fund 20

28SIP Performance Of Selected Schemes

Tax Reckoner 2

Axis Corporate Debt Opportunities Fund 17

Axis Dynamic Equity Fund 24

Hybrid Outlook 22

45

EQUITYS E P T E M B E R 2 0 1 7

12.9% -1.6%13.5%

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.

DOMESTIC

CORPORATE

Equity markets sentiment weakened in August after touching historic highs in July as global risk-off and local factors impacted markets. The Nifty Index was down 1.6 percent in the month of August, while S&P Midcap Index was marginally up by 0.98 percent. A key event for the month was the systematic crackdown on shell companies (which have no active business operations or assets) and is perhaps one of the most tangible offshoots of demonetisation drive, which aimed to hit tax evasion and move India toward cashless, digital transactions that leave a paper trail. Sebi ordered stock exchanges to effectively freeze trading in 162 companies. These companies are part of longer list of 331 suspected shell companies provided by Sebi. While this impacted market sentiment especially in the midcap space, this is a long term positive in the overall efforts by the government to reduce corruption and black money laundering.Headline consumer price index (CPI) for the month of July was reported at 2.36% marginally up from previous month’s reading of 1.54%. This was on account of cost of housing, energy and clothing which rose further and food prices fell at a softer pace. While food inflation has been soft for a few months in a row now, even core inflation had slowed sharply pointing to a broad based fall. This was accompanied by falling inflation expectations both at the household level as well as by professional forecasters. The low inflation trajectory allowed RBI to cut policy rates by 25 bps in its review meeting on the 2nd of August. However, room for further rate cuts seems limited.The economy is passing through a period of sluggishness, primarily on account of implementation of the Goods and Service Tax or GST. The slowdown has been accentuated by the fact that the economy has faced two jolts back-to-back, first demonetisation and now GST. Business sentiment remains robust however and output should normalise once the system stabilises over next few months. Overall, July data shows a recovery from the pre-GST lows in June, but a patchy one as channels take their time to adjust to the new system. GDP for Q1FY18 came in at a weak 5.7% vs 6.1% last quarter. A drilldown of the GDP data shows that the economy remains private consumption driven with investment lagging, but the discrepancy is less marked than it was in the previous quarter (when investment contracted YoY). Manufacturing PMI bounced back to 51.2 in August supported by a rebound in output and new orders. Services PMI data for August is still awaited. Among high frequency indicators, the best pick-up in data was in auto sales where inventory was restocked after pre-GST reductions in June. July PV sales increased 15% YoY and two-wheeler sales increased 14% YoY—both being the best growth numbers since September 2016. CV sales growth of 7% YoY was the best since October. Among other positive indicators were petrol and diesel consumption and domestic air passenger traffic growth. The June-to-September south-west monsoon, which was forecast to be normal this year, has so far seen a shortfall of 3%, as compared to the normal or 50-year average. IMD classifies rainfall in the 96-104% of long period average as ‘normal’. Good rainfall is vital for sustaining rural demand, where demonetisation and now GST have resulted in substantial channel disruption.Foreign portfolio investors were net sellers in the month of August though CYTD equity flows have been strong at US$ 6.7 bn. Additionally, net FII inflows in debt have been positive at US$ 26.4bn. This has helped market sentiment over the past few months. Net flows by domestic funds have also remained strong over the last several months.As the first quarter’s earnings season kicked off, the macro and broader market context was positive with the timely implementation of GST, decent progress of monsoon, controlled inflation and a stable currency backdrop. Positive macro factors notwithstanding, the 1QFY18 corporate results were impacted by the GST and disappointments were driven more by margins than revenues. However, the GST reform can significantly improve the ease of doing business in India as multiple taxes reduce and inter-state business improves. Further, we would expect 2QFY18 to be better than 1Q as GST re-stocking and an early festive season (September versus October base) boost demand.

GLOBAL

6

Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.

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.

Inve

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Value

Blend

Growth

Large Mid SmallMarket Cap

FUND STYLE

PORTFOLIO

% OF ASSETS

BANKS 25.96HDFC Bank Limited 9.85Kotak Mahindra Bank Limited 7.18IndusInd Bank Limited 4.57ICICI Bank Limited 4.35FINANCE 14.79Housing Development Finance Corpo-ration Limited

7.36

Bajaj Finserv Limited 3.87Bajaj Finance Limited 2.56Cholamandalam Investment and Finance Company Limited

1.01

AUTO 12.29Maruti Suzuki India Limited 8.25Eicher Motors Limited 2.64Hero MotoCorp Limited 1.41CONSUMER NON DURABLES 9.78Asian Paints Limited 2.97Britannia Industries Limited 2.70

ITC Limited 2.06Hindustan Unilever Limited 2.05AUTO ANCILLARIES 5.82Motherson Sumi Systems Limited 2.83Endurance Technologies

Limited2.45

Bosch Limited 0.54CEMENT 3.40Shree Cements Limited 1.83Acc Limited 1.07Ultratech Cement Limited 0.50GAS 3.29Indraprastha Gas Limited 1.21Petronet Lng Limited 1.05

Gujarat State Petronet Limited 1.03PETROLEUM PRODUCTS 1.27Indian Oil Corporation Limited 1.27RETAILING 3.09Avenue Supermarts Limited 3.09OTHERS 9.15Textile Products 2.78Page Industries Limited 2.78Industrial Capital Goods 2.01Bharat Electronics Limited 2.01Construction Project 1.72Larsen & Toubro Limited 1.72Pharmaceuticals 1.22Cadila Healthcare Limited 1.22Software 0.99Infosys Limited 0.99Media & Entertainment 0.96Zee Entertainment Enterprises Limited 0.96Other Equity (less than 0.50% of the corpus) 0.99

Total Equity 90.36Debt, Cash & Other Receivables 9.64Net Assets 100%^Commercial Paper/ Equity Futures

Banks 25.96 Finance 14.79

Auto 12.29

Consumer Non Durables

9.78

Auto Ancillaries 5.82

Cement 3.40

Gas 3.29 Retailing 3.09 Textile Products 2.78 Others 9.15

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

1,827.65 Cr.

AS ON 31ST AUGUST’17

1,847.99 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 13.01%

Beta - 0.93

Sharpe Ratio** - 0.37

PORTFOLIOTURNOVER* (1 YEAR)

1.59 times

FUND MANAGER

Mr. ShreyashDevalkar

Work experience:13 years. He has been managing this fund

since 23rd November 2016

SECTORALLOCATION

(%)

AXIS EQUITY FUND(AN OPEN-ENDED LARGE CAP EQUITY SCHEME)

FACTSHEETAUGUST 2017

1% if Units are redeemed / switched-out within 12 months from the date of allotment (Effective from 1st October 2013)

EXIT LOAD

PERFORMANCE (as on 31st August 2017)

DIVIDENDS

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 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 13.24Mar 05, 2015 1.00 1.00 16.53 15.53 1.00 1.00 16.89 15.89

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.**Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - 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 August 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

7

Date ofInception

Current Value of Investment

if ` 10,000 was invested on

Inception date

SinceInceptionCAGR (%)

5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Equity Fund - Growth05-Jan-10

23,760 11.96% 17.51% 10.71% 14.51%Nifty 50 (Benchmark) 18,791 8.59% 13.52% 7.60% 12.88%S&P BSE Sensex (Additional Benchmark) 17,941 7.93% 12.72% 5.98% 11.52%Axis Equity Fund - Direct Plan - Growth

01-Jan-1320,525 16.66% - 11.94% 15.85%

Nifty 50 (Benchmark) 16,666 11.57% - 7.60% 12.88%S&P BSE Sensex (Additional Benchmark) 16,205 10.90% - 5.98% 11.52%Past 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. 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. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 3 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for performance of all schemes managed by the fund manager.


Finance 19.12 Banks 15.56 Auto Ancillaries 10.13

Industrial Prod-ucts

10.06

Auto 7.29 Cement 5.67 Retailing 4.53

Textile Products 4.20 Pharmaceuticals 3.56 Others 9.81

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

1,721.59 Cr.


1,825.35 Cr.

BENCHMARK

Nifty 50



Beta - 1.05



1.08 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:14 years.

He has been managing this fund since 07th June 2016

Inve

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Value

Blend

Growth


FUND STYLE

% OF ASSETS

FINANCE 19.12

Bajaj Finserv Limited 7.08

Gruh Finance Limited 4.61

Bajaj Finance Limited 4.02

HDFC Limited 1.72

Mahindra & Mahindra Financial Services Limited

1.69

BANKS 15.56

HDFC Bank Limited 8.31

Kotak Mahindra Bank Limited 7.25

AUTO ANCILLARIES 10.13

Motherson Sumi Systems Limited 3.45

Endurance Technologies Limited 2.63

Bosch Limited 2.41

WABCO India Limited 1.64

INDUSTRIAL PRODUCTS 10.06

Supreme Industries Limited 5.81

Cummins India Limited 4.25

AUTO 7.29

Maruti Suzuki India Limited 7.29

CEMENT 5.67

Shree Cements Limited 5.67

RETAILING 4.53

Avenue Supermarts Limited 4.53

TEXTILE PRODUCTS 4.20

Page Industries Limited 4.20

PHARMACEUTICALS 3.56

Cadila Healthcare Limited 2.60

Sun Pharma Advanced Research Company Limited

0.95

OTHERS 9.81

Software 2.97

Info Edge (India) Limited 2.97

Commercial Services 2.70

Quess Corp Limited 2.70

Industrial Capital Goods 2.31

V-Guard Industries Limited 2.31

Chemicals 1.83

Pidilite Industries Limited 1.83

Total Equity 89.93

Cash & Other Receivables 10.07

Net Assets 100%

SECTORALLOCATION

(%)

PORTFOLIO

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)


1% if redeemed/ switched out within 1 year from the date of allotment. (w.e.f. 15th May 2015)

EXIT LOAD


DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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. **Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - 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 August 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

8

Date ofInception

Current Value of Investment

if ` 10,000 was invested on

Inception date


5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Focused 25 Fund - Growth29-Jun-12

24,400 18.81% 19.33% 16.89% 22.18%Nifty 50 (Benchmark) 18,788 12.96% 13.52% 7.60% 12.88%S&P BSE 200 (Additional Benchmark) 20,273 14.63% 15.32% 10.22% 15.02%Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-1322,136 18.57% - 18.40% 23.67%

Nifty 50 (Benchmark) 16,666 11.57% - 7.60% 12.88%S&P BSE 200 (Additional Benchmark) 17,719 13.04% - 10.22% 15.02%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. 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. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for performance of all schemes managed by the fund manager.


PORTFOLIO

Finance 21.32 Auto Ancillaries 13.14 Consumer Non

Durables9.33

Banks 6.71 Industrial

Products6.04

Textile Products 5.50

Industrial Capital Goods

3.55

Pesticides 3.23

Transportation 3.09 Others 21.37

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,212.06 Cr.


1,231.42 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.95



1.15 times

FUND MANAGER

Mr. Shreyash Devalkar

Work experience: 13 years.He has been managing this fund since

23rd November 2016

Inve

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Value

Blend

Growth


FUND STYLE

% OF ASSETSFINANCE 21.32Gruh Finance Limited 6.78Bajaj Finserv Limited 3.35Sundaram Finance Limited 2.93Bajaj Finance Limited 2.75Cholamandalam Investment and Finance Company Limited

2.74

Multi Commodity Exchange of India Limited 1.45Mahindra & Mahindra Financial Services Limited 1.32AUTO ANCILLARIES 13.14Endurance Technologies Limited 3.55MRF Limited 2.12Motherson Sumi Systems Limited 1.93CEAT Limited 1.33Amara Raja Batteries Limited 1.17WABCO India Limited 1.04Balkrishna Industries Limited 1.03Igarashi Motors India Limited 0.97CONSUMER NON DURABLES 9.33Procter & Gamble Hygiene and Health Care Limited 3.36Britannia Industries Limited 2.23Berger Paints (I) Limited 1.50Colgate Palmolive (India) Limited 1.17Kansai Nerolac Paints Limited 1.07BANKS 6.71City Union Bank Limited 4.55The Federal Bank Limited 2.15INDUSTRIAL PRODUCTS 6.04Supreme Industries Limited 3.16Cummins India Limited 1.87AIA Engineering Limited 1.01TEXTILE PRODUCTS 5.50Page Industries Limited 5.50INDUSTRIAL CAPITAL GOODS 3.55V-Guard Industries Limited 2.10Bharat Electronics Limited 1.45PESTICIDES 3.23UPL Limited 3.23TRANSPORTATION 3.09Container Corporation of India Limited 2.14Blue Dart Express Limited 0.95OTHERS 21.37Gas 2.45Petronet LNG Limited 2.45Consumer Durables 2.36Blue Star Limited 1.24TTK Prestige Limited 1.12Cement 2.33The Ramco Cements Limited 1.63JK Lakshmi Cement Limited 0.71Retailing 2.25Avenue Supermarts Limited 2.25Pharmaceuticals 2.23Cadila Healthcare Limited 1.50Alkem Laboratories Limited 0.73Software 1.95Info Edge (India) Limited 1.95Media & Entertainment 1.53PVR Limited 1.53Auto 1.50Ashok Leyland Limited 1.50Chemicals 1.47Tata Chemicals Limited 1.47Ferrous Metals 1.14Shankara Building Products Limited 1.14Construction Project 1.13Voltas Limited 1.13Petroleum Products 0.99Gulf Oil Lubricants India Limited 0.99Total Equity 93.28Cash & Other Receivables 6.72Net Assets 100%

SECTORALLOCATION

(%)

INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity and equity related instruments of mid size companies. The focus of the fund will be to invest in relatively larger companies within this category.

AXIS MIDCAP FUND(AN OPEN-ENDED EQUITY SCHEME)


1% if redeemed / switched - out within 12 months from the date of allotment (w.e.f. 5th May 2014)

EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendSep 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 24.29July 31, 2014 1.50 1.50 19.91 18.41 - - - -

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. **Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - 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 August 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

DIVIDENDS

9

Date ofInception

Current Value of Investment if `

10,000 was invested on Inception date


5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Midcap Fund - Growth18-Feb-11

30,710 18.72% 22.94% 13.60% 14.29%S&P BSE Midcap (Benchmark) 23,327 13.83% 20.93% 18.60% 17.57%Nifty 50 (Additional Benchmark) 18,168 9.56% 13.52% 7.60% 12.88%Axis Midcap Fund - Direct Plan - Growth

01-Jan-1323,725 20.34% - 14.99% 15.63%

S&P BSE Midcap (Benchmark) 21,590 17.93% - 18.60% 17.57%Nifty 50 (Additional Benchmark) 16,666 11.57% - 7.60% 12.88%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. 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. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 3 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for performance of all schemes managed by the fund manager.


PORTFOLIO

Finance 20.09 Banks 17.18 Auto Ancillaries 10.19 Auto 8.74 Chemicals 5.30 Consumer

Durables5.23

Construction Project

4.89

Industrial Products

3.88

Pharmaceuticals 3.75 Others 15.46

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

14,185.87 Cr.


14,362.68 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 12.15%

Beta - 0.85



1.34 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 14 years.

He has been managing this fund since 1st April 2011

Inve

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tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETS

FINANCE 19.62HDFC Limited 7.57Bajaj Finance Limited 5.53Gruh Finance Limited 3.40Sundaram Finance Limited 2.19Multi Commodity Exchange of India Limited 0.93BANKS 17.18HDFC Bank Limited 8.96Kotak Mahindra Bank Limited 8.23AUTO ANCILLARIES 9.72Motherson Sumi Systems Limited 4.44Bosch Limited 2.54WABCO India Limited 1.63Endurance Technologies Limited 1.11AUTO 8.74Maruti Suzuki India Limited 6.11Eicher Motors Limited 2.63CHEMICALS 5.30Pidilite Industries Limited 5.30CONSUMER DURABLES 5.23TTK Prestige Limited 3.02Symphony Limited 2.22CONSTRUCTION PROJECT 4.89Larsen & Toubro Limited 4.89INDUSTRIAL PRODUCTS 3.88Cummins India Limited 2.81Astral Poly Technik Limited 1.07PHARMACEUTICALS 3.31Cadila Healthcare Limited 2.22Sun Pharmaceutical Industries Limited 1.09OTHERS 15.46Software 3.21Info Edge (India) Limited 1.20Wipro Limited 1.03Tata Consultancy Services Limited 0.98Retailing 3.17Avenue Supermarts Limited 3.17Power 1.91Torrent Power Limited 1.91Industrial Capital Goods 1.32Siemens Limited 0.78V-Guard Industries Limited 0.54Commercial Services 1.26Quess Corp Limited 1.26Pesticides 1.22PI Industries Limited 1.22Consumer Non Durables 1.21Nestle India Limited 1.21Transportation 0.88Blue Dart Express Limited 0.88Textile Products 0.79Page Industries Limited 0.79Other Equity (less than 0.50% of the corpus) 1.87Total Equity 94.71Debt, Cash & Other Receivables 5.29Net Assets 100%^Commercial Paper

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 3 YEAR LOCK-IN)


NIL

EXIT LOAD


DIVIDENDS

Options Record Date


(Cum Dividend)

Individuals/ HUF

Others

Regular Dividend

Jan 31, 2017 2.23 2.23 21.1726Jan 25, 2016 2.25 2.25 21.2217Jan 22, 2015 2.00 2.00 24.2942

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. **Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - 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 August 2017.Source: ACEMF*Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

10

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Long Term Equity Fund - Growth29-Dec-09

38,327 19.13% 23.87% 15.01% 14.83%S&P BSE 200 (Benchmark) 19,937 9.40% 15.32% 10.22% 15.02%Nifty 50 (Additional Benchmark) 19,117 8.81% 13.52% 7.60% 12.88%Axis Long Term Equity Fund - Direct Plan - Growth

01-Jan-1327,143 23.86% - 16.38% 16.11%

S&P BSE 200 (Benchmark) 17,719 13.04% - 10.22% 15.02%Nifty 50 (Additional Benchmark) 16,666 11.57% - 7.60% 12.88%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. 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.Jinesh Gopani is managing the scheme since 1st April 2011and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for performance of all schemes managed by the fund manager.


PORTFOLIO

% OF ASSETSTOTAL HEDGED EQUITY 66.91Century Textiles & Industries Limited 6.01Dewan Housing Finance Corporation Limited 4.49Bharat Forge Limited 3.23State Bank of India 3.10Siemens Limited 2.92Torrent Power Limited 2.57Castrol India Limited 2.19Aurobindo Pharma Limited 2.18Motherson Sumi Systems Limited 1.98Petronet LNG Limited 1.88Larsen & Toubro Limited 1.56Shriram Transport Finance Company Limited 1.30Sun Pharmaceutical Industries Limited 1.30Indiabulls Housing Finance Limited 1.27Bank of Baroda 1.25Bharti Infratel Limited 1.24Mahindra & Mahindra Financial Services Limited 1.20LIC Housing Finance Limited 1.20Dr. Reddy's Laboratories Limited 1.17Hero MotoCorp Limited 1.09The Federal Bank Limited 1.09ICICI Bank Limited 1.08Tata Global Beverages Limited 0.99Tata Motors Limited 0.98Asian Paints Limited 0.95IDFC Bank Limited 0.95Fortis Healthcare Limited 0.94Hindalco Industries Limited 0.90Maruti Suzuki India Limited 0.85BEML Limited 0.74Cadila Healthcare Limited 0.70Britannia Industries Limited 0.65Glenmark Pharmaceuticals Limited 0.63Engineers India Limited 0.62Suzlon Energy Limited 0.62Manappuram Finance Limited 0.59Jaiprakash Associates Limited 0.57Wockhardt Limited 0.56Jet Airways (India) Limited 0.54Jain Irrigation Systems Limited 0.53Infosys Limited 0.49Pidilite Industries Limited 0.44Yes Bank Limited 0.44National Aluminium Company Limited 0.41Rural Electrification Corporation Limited 0.41Arvind Limited 0.38Coal India Limited 0.38IndusInd Bank Limited 0.36Page Industries Limited 0.34Hindustan Petroleum Corporation Limited 0.33Ujjivan Financial Services Limited 0.32Jindal Steel & Power Limited 0.31Reliance Infrastructure Limited 0.28The India Cements Limited 0.27DLF Limited 0.27CESC Limited 0.26Divi's Laboratories Limited 0.21GMR Infrastructure Limited 0.20Ashok Leyland Limited 0.20United Spirits Limited 0.19Indiabulls Real Estate Limited 0.18Colgate Palmolive (India) Limited 0.18The South Indian Bank Limited 0.15Max Financial Services Limited 0.15IFCI Limited 0.15UPL Limited 0.14MRF Limited 0.12Bharat Financial Inclusion Limited 0.12Oracle Financial Services Software Limited 0.10Godfrey Phillips India Limited 0.10Adani Power Limited~ 0.10Nestle India Limited 0.09Strides Shasun Limited 0.06JSW Energy Limited 0.04Escorts Limited 0.04Reliance Communications Limited 0.04Kotak Mahindra Bank Limited 0.02IDFC Limited 0.01Lupin Limited 0.004DEBT, CASH & OTHERS 33.09NET ASSET 100%

~ Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited

DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

822.57 Cr.


906.39 Cr.

BENCHMARK

Crisil Liquid Fund Index

Mr. Ashwin Patni Work experience: 13 years.

He has been managing the fund since 27th April 2015

Mr. Devang ShahWork experience: 11 years.

He has been managing this fund since inception.

FUND MANAGER

AXIS ENHANCED ARBITRAGE FUND FACTSHEETAUGUST 2017

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 ARBITRAGE FUND)

0.25% if redeemed / switched out within 7 days from the date of allotment. (w.e.f. 15th May 2015)

EXIT LOAD


DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendAug 28, 2017 0.05 0.05 10.5202 10.4702 0.05 0.05 10.8985 10.8485July 25, 2017 0.05 0.05 10.5022 10.4522 0.05 0.05 10.8697 10.8197Jun 22, 2017 0.05 0.05 10.4981 10.4481 0.05 0.05 10.8557 10.8057

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. @ 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.

11

AVERAGE MATURITY*@

102 daysMODIFIED DURATION*@

90 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

6.28%PORTFOLIO TURNOVER# (1 YEAR)

12.18 times

Date ofInception

Current Value of Investment if ` 10,000

was invested on Inception date


5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Enhanced Arbitrage Fund - Growth14-Aug-14

12,203 6.75% - 6.73% 6.24%CRISIL Liquid Fund Index (Benchmark) 12,551 7.74% - 7.72% 6.76%CRISIL 1 Year T-Bill (Additional Benchmark) 12,463 7.49% - 7.48% 6.24%Axis Enhanced Arbitrage - Direct Plan - Growth

14-Aug-1412,519 7.64% - 7.60% 7.10%

CRISIL Liquid Fund Index (Benchmark) 12,551 7.74% - 7.72% 6.76%CRISIL 1 Year T-Bill (Additional Benchmark) 12,463 7.49% - 7.48% 6.24%Past 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 43 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 22 schemes. Please refer to annexure on Page 31 for performance of schemes managed by the fund managers.

FIXEDINCOME

S E P T E M B E R 2 0 1 7

The Monetary Policy Committee of the Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6% in its August meeting. This reduction was in line with market expectations as reflected by the subsequent muted reaction by the bond market. The 10 year government bond closed the month at 6.53%, ~6 bps lower than its previous month end close. Headline consumer price index (CPI) for the month of July was reported at 2.36% marginally up from previous month’s reading of 1.54%. This was on account of cost of housing, energy and clothing which rose further coupled with food prices which fell at a softer pace. While food inflation has been soft for a few months now, even core inflation had slowed sharply pointing to a broad based fall. This was accompanied by falling inflation expectations both at the household level as well as by professional forecasters. The low inflation trajectory allowed RBI to cut policy rates by 25 bps in its review meeting on the 2nd of August. However, room for further rate cuts seems limited. To be sure, some of this fall in food prices could reverse in the coming months. In particular prices of pulses and vegetables have fallen by over 15% compared to last year. It is unlikely that this pace of fall can be sustained. It is much more likely that inflation would revert closer to the 4% level – that is, closer to the core reading. Even achieving a 4% inflation rate by the end of the current year would be a big win for RBI.The economy is passing through a period of sluggishness, primarily on account of implementation of the Goods and Service Tax or GST. The slowdown has been accentuated by the fact that the economy has faced two jolts back-to-back, first demonetisation and now GST. Business sentiment remains robust however and output should normalise once the system stabilises over next few months. Overall, July data shows a recovery from the pre-GST lows in June, but a patchy one as channels take their time to adjust to the new system. GDP for Q1FY18 came in at a weak 5.7% vs 6.1% last quarter. The reading was at a 3 year low. A drilldown to the GDP data shows that the economy remains private consumption driven with investment lagging, but the discrepancy is less marked than it was in the previous quarter (when investment contracted YoY). Manufacturing PMI bounced back to 51.2 in August supported by a rebound in output and new orders. Services PMI data for August is still awaited. Lower growth and lower inflation together make a strong case for a rate cut. But even as the current conditions argue for a strong monetary response, the RBI believes that the near term outlook is clouded. As explained above it is likely that we have seen the trough of inflation. On the growth front, the impact of a rate cut on growth might be limited – as some of the slowdown in growth is due to weak balance sheets of banks and the corporate sector. A reduction in interest rate may not spur lending activity in such a situation. The overall macro situation is also supported by easy liquidity and an accommodative fiscal stance. The pace of remonetization has slowed in recent months and excess liquidity appears to be persistent. This has been supported by strong FPI flows. On the fiscal front, we have seen the central government hit 80% of its budgeted deficit target in the first quarter itself. Several states have announced farm loan waivers which could result in fiscal expansion. GST on the other hand was off to an encouraging start as seen by first month’s collections which were only marginally lower than the budgeted run rate for FY18 for both state government and central government put together.On balance therefore the RBI has opted to cut rates, but has maintained a neutral stance of policy –preferring to wait for further data to decide if rates should be further reduced.In the near term we expect the markets to remain range-bound. There may be tactical opportunities in long duration bonds from time to time, though from a structural perspective it does appear that we are very close to the end of the rate cycle. At the same time easy liquidity has depressed money market yields. In such a situation investors should consider short-term corporate bond funds, which are relatively insulated from duration risks but take advantage of the steep short term yield curve.

10 YEAR G-SEC YIELD

6.53%

QUICK TAKE

CPI Inflation : Last 1 year

2.36%

5.05%

Repo : Last 1 year

6.50%

6.00%

10 yr G-Sec : Last 1 year6.53%

7.11%

• Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6% in its August meeting.

• From a structural perspective it appears that we are very close to the end of the rate cycle.

• In the near term we expect the markets to remain range-bound.

• Investor should look to invest in short-term corporate bond funds, which are relatively insulated from duration risks but take advantage of the steep short term yield curve.

12


PORTFOLIO

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^ 95.71

BANKS 8.56HDFC Bank Limited CARE A1+ 6.14RBL Bank Limited ICRA A1+ 1.31IDFC Bank Limited ICRA A1+ 1.01IndusInd Bank Limited CRISIL A1+ 0.10OTHERS 66.51Indiabulls Housing Finance Limited CRISIL A1+ 4.97HDFC Limited ICRA A1+ 4.30Reliance Jio Infocomm Limited CARE A1+ 4.00Edelweiss Commodities Services Limited CRISIL A1+ 3.47Tata Steel Limited IND A1+ 3.20Reliance Industries Limited ICRA A1+ 1.97Redington (India) Limited ICRA A1+ 2.62National Bank For Agriculture and Rural Development

CRISIL A1+ 2.46

Welspun Renewables Energy Private Limited IND A1+(SO) 2.44India Infoline Finance Limited ICRA A1+ 2.23Reliance Industries Limited CRISIL A1+ 2.84Hindalco Industries Limited CRISIL A1+ 1.97Tata Motors Finance Limited CARE A1+ 1.64Dewan Housing Finance Corporation Limited

CRISIL A1+ 1.63

Aditya Birla Finance Limited ICRA A1+ 1.62Piramal Finance Limited ICRA A1+ 1.62Vedanta Limited CRISIL A1+ 1.61JSW Steel Limited CARE A1+ 1.46Tata Capital Housing Finance Limited CRISIL A1+ 1.21TMF Holdings Limited CARE A1+ 1.11LIC Housing Finance Limited CRISIL A1+ 1.11Rural Electrification Corporation Limited CARE A1+ 1.08Aditya Birla Fashion and Retail Limited CRISIL A1+ 1.03Adani Ports and Special Economic Zone Limited

ICRA A1+ 1.01

India Infoline Limited ICRA A1+ 1.01Kotak Mahindra Prime Limited CRISIL A1+ 0.82Daimler Financial Services India Pvt Limited IND A1+ 0.81Sun Pharmaceutical Industries Limited ICRA A1+ 0.81Gruh Finance Limited CRISIL A1+ 0.81L&T Finance Limited CARE A1+ 0.81Cholamandalam Investment and Finance Company Limited

ICRA A1+ 0.81

Mahindra & Mahindra Financial Services Limited

CRISIL A1+ 0.61

Emami Limited CRISIL A1+ 0.61Chennai Petroleum Corporation Limited ICRA A1+ 0.61TVS Credit Services Limited CRISIL A1+ 0.61Shapoorji Pallonji and Company Pvt Limited ICRA A1+ 0.60Larsen & Toubro Limited CRISIL A1+ 0.41Indian Railway Finance Corporation Limited CRISIL A1+ 0.41Godrej Consumer Products Limited ICRA A1+ 0.41CESC Limited CARE A1+ 0.41HDB Financial Services Limited CRISIL A1+ 0.41Godrej Industries Limited ICRA A1+ 0.41Hinduja Leyland Finance Limited CARE A1+ 0.40Kotak Mahindra Investments Limited CRISIL A1+ 0.40JM Financial Products Limited ICRA A1+ 0.31JM Financial Services Limited ICRA A1+ 0.31Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.30TVS Credit Services Limited ICRA A1+ 0.20Grasim Industries Limited CRISIL A1+ 0.20IndoStar Capital Finance Limited CRISIL A1+ 0.20Trapti Trading & Invest Pvt Limited ICRA A1+ 0.10Turquoise Invest & Finance Pvt Limited CRISIL A1+ 0.08ECL Finance Limited CRISIL A1+ 0.02TREASURY BILL 20.6491 Days Tbill Sovereign 8.4491 Days Tbill Sovereign 5.4580 Days CMB Sovereign 4.36364 Days Tbill Sovereign 1.2943 Days CMB Sovereign 1.10TOTAL DEBT 2.05CORPORATE BOND 2.05UltraTech Cement Limited CRISIL A1+ 2.04LIC Housing Finance Limited CRISIL AAA 0.01NET CURRENT ASSETS 2.23NET ASSETS 100%^Certificate of Deposit/Commercial Paper/Treasury BillAggregate Investments by other chemes as on August 31st, 2017 Rs 1,00,017.27 Lakhs

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

20,252.06 Cr.


23,490.16 Cr.

BENCHMARK


AVERAGE MATURITY*

39 daysMODIFIED DURATION*


6.29%


He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 9 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Total Money Market Instruments* - 97.95% Corporate Bond - 2.05%

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ IND A1+/ IND A1+(SO) / & Equivalent - 79.36%

SOV - 20.64%

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

Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low

High Mid LowCredit Quality

FUND STYLE

Credit Risk Rating[ICRA] A1+mfs^

CARE AAA mfs^

* Includes Net Current Assets

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)


NIL

EXIT LOAD


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

Aug 28, 2017 4.3358 4.0170 1,006.5927 1,000.5896 3.9222 3.6290 1005.6433 1000.2201 4.3713 4.0499 1,006.2714 1,000.2192July 25, 2017 3.6847 3.4138 1,005.6912 1,000.5896 3.3786 3.0978 1,004.8495 1,000.2201 3.7234 3.4496 1,005.3744 1,000.2192Jun 27, 2017 4.2336 3.9224 1,006.4513 1,000.5896 3.8694 3.5849 1,005.5774 1,000.2201 4.2879 3.9727 1,006.1561 1,000.2192

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 ` 1000. Dividends disclosed above are since the inception of the fund. * 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.

13

^^

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Liquid Fund - Growth09-Oct-09

18,476 8.08% 8.34% 7.82% 6.82%Crisil Liquid Fund Index (Benchmark) 17,963 7.70% 8.21% 7.74% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,496 6.54% 7.30% 7.50% 6.24%Axis Liquid Fund - Direct Plan - Growth

31-Dec-1214,561 8.38% - 7.89% 6.90%

Crisil Liquid Fund Index (Benchmark) 14,469 8.23% - 7.74% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,863 7.25% - 7.50% 6.24%Axis Liquid Fund - Retail Plan - Growth

01-Mar-1017,601 7.82% 7.80% 7.26% 6.24%

Crisil Liquid Fund Index (Benchmark) 17,762 7.95% 8.21% 7.74% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,332 6.75% 7.30% 7.50% 6.24%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. 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 5th November 2012 and he manages 43 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on Page 30-31 for performance of schemes managed by the fund managers.

DIVIDENDS



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/

HUFOthers

Individu-als/ HUF

OthersIndi-

viduals/ HUF

Others

Monthly Dividend

Aug 28, 2017 4.1518 3.8466 1,011.1998 1,005.4514 3.9526 3.6623 1,010.9212 1,005.4482 4.6708 4.3200 1,011.9202 1,005.4530July 25, 2017 4.0684 3.7693 1,011.0843 1,005.4514 3.9038 3.6166 1,010.8529 1,005.4482 4.4986 4.1733 1,011.6814 1,005.4530Jun 27, 2017 4.7811 4.4296 1,012.0711 1,005.4514 4.6018 4.2635 1,011.8196 1,005.4482 5.2469 4.8612 1,012.7176 1,005.4530

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 ` 1000. Dividends disclosed above are since the inception of the fund. * 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

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^ 23.76

BANKS 5.64

ICICI Bank Limited ICRA A1+ 2.93

HDFC Bank Limited CARE A1+ 1.70

IndusInd Bank Limited CRISIL A1+ 0.86

NABARD CRISIL A1+ 0.15

OTHERS 17.35

Power Finance Corporation Limited CRISIL A1+ 4.11

Adani Transmission Limited IND A1+ 4.10

Indian Railway Finance Corporation Limited CRISIL A1+ 2.01

IndoStar Capital Finance Limited CRISIL A1+ 1.52

Network18 Media & Investments Limited ICRA A1+ 1.52Adani Ports and Special Economic Zone Limited

ICRA A1+ 1.52

Barclays Invest & Loans India Limited ICRA A1+ 0.77

Indiabulls Housing Finance Limited CRISIL A1+ 0.75

Turquoise Invest & Finance Pvt Limited CRISIL A1+ 0.73

NABARD CRISIL A1+ 0.31

TREASURY BILL 0.77

91 Days Tbill Sovereign 0.77

TOTAL DEBT 40.50

CORPORATE BOND 33.53

Indiabulls Housing Finance Limited BWR AAA 4.45

NABARD CRISIL AAA 4.38

Piramal Finance Limited ICRA AA 3.13

Tata Capital Financial Services Limited CRISIL AA+ 2.35

Tata Power Company Limited ICRA AA- 2.33

Power Finance Corporation Limited CRISIL AAA 2.12

Hinduja Leyland Finance Limited CARE AA- 1.59

Edelweiss Commodities Services Limited CRISIL AA 1.55

Gruh Finance Limited ICRA AAA 1.49

Daimler Financial Services India Pvt Limited IND AAA 1.25

JM Financial Products Limited CRISIL AA 1.24

Muthoot Finance Limited CRISIL AA 1.00

India Infoline Finance Limited ICRA AA 0.94

UPL Limited BWR AA+ 0.80

LIC Housing Finance Limited CRISIL AAA 0.79

Mahindra Rural Housing Finance IND AA+ 0.78

HDFC Limited CRISIL AAA 0.78

Magma Fincorp Limited ICRA AA- 0.78

Tata Motors Finance Limited CRISIL AA 0.78

Emami Limited CRISIL AA+ 0.44Cholamandalam Investment and Finance Company Limited

ICRA AA 0.31

IndoStar Capital Finance Limited IND AA- 0.16

Small Industries Dev Bank of India CARE AAA 0.06

IDFC Bank Limited ICRA AAA 0.03

ZERO COUPON BOND 6.97Dewan Housing Finance Corporation Limited

CARE AAA 3.55

Tata Motors Finance Limited CARE AA+ 2.23Sundaram BNP Paribas Home Finance Limited

ICRA AA+ 0.81


NET CURRENT ASSETS 35.74

NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/Treasury Bill

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

3,343.84 Cr.


3,228.79 Cr.

BENCHMARK


AVERAGE MATURITY*

185 daysMODIFIED DURATION

*


6.81%


He has been managing this fund since07th June 2016.



FUND MANAGER

Total Money Market Instruments* - 59.50% Corporate Bond - 33.53% Zero Coupon Bond - 6.97%

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND A1+/ BWR AAA/ IND AAA & Equivalent - 77.62%, ICRA AA/ CRISIL AA - 9.36%, CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+/ BWR AA+ - 7.39%, ICRA AA-/ CARE AA-/ IND AA- - 4.86%, SOV - 0.77%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA] A1+mfs^


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 DEBT SCHEME)


NIL

EXIT LOAD


DIVIDENDS

14

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Treasury Advantage Fund - Growth09-Oct-09

18,671 8.23% 8.49% 8.07% 7.10%Crisil Liquid Fund Index (Benchmark) 17,963 7.70% 8.21% 7.72% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,496 6.54% 7.30% 7.48% 6.24%Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-1314,901 8.92% - 8.56% 7.69%

Crisil Liquid Fund Index (Benchmark) 14,466 8.24% - 7.72% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,857 7.24% - 7.48% 6.24%Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-1017,533 7.77% 7.75% 7.44% 6.58%

Crisil Liquid Fund Index (Benchmark) 17,751 7.95% 8.21% 7.72% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,330 6.76% 7.30% 7.48% 6.24%

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. 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 7th June 2016 and he manages 43 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on 30-31 for performance of schemes managed by the fund managers.


PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

7,383.56 Cr.


7,552.41 Cr.

BENCHMARK

Crisil Short Term Bond Fund Index

AVERAGE MATURITY*

2.3 yearsMODIFIED DURATION

*

1.8 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

7.01%



FUND MANAGER

Corporate Bond - 72.61% Total Money Market Instruments* - 14.54% State Government Bond - 7.49% Government Bond - 3.45% Zero Coupon Bond - 1.90%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA]AAAmfs$


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 DEBT SCHEME)


NIL (w.e.f. 28th August 2015)

EXIT LOAD



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

Monthly Dividend

Aug 28, 2017 0.0593 0.0549 10.2944 10.2122 0.0509 0.0472 10.1429 10.0723 0.0556 0.0515 10.1509 10.0739July 25, 2017 0.0414 0.0384 10.2884 10.2310 0.0407 0.0377 10.1368 10.0804 0.0447 0.0414 10.1438 10.0818Jun 27, 2017 0.0495 0.0459 10.2859 10.2172 0.0480 0.0444 10.1331 10.0666 0.0524 0.0486 10.1409 10.0682


15

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND

AAA/ BWR AAA/ CRISIL AAA(SO) & Equivalent - 76.69% SOV - 11.62%

CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+ - 6.83% ICRA AA/ CRISIL

AA - 4.86%

RATING % OF ASSETSTOTAL DEBT 85.46CORPORATE BOND 72.61Power Finance Corporation Limited CRISIL AAA 10.66HDFC Limited CRISIL AAA 10.11NABARD CRISIL AAA 5.54NABARD IND AAA 4.25LIC Housing Finance Limited CRISIL AAA 3.79Rural Electrification Corporation Limited CRISIL AAA 3.17National Highways Auth Of Ind CRISIL AAA 2.95Reliance Jio Infocomm Limited CRISIL AAA 2.89Indiabulls Housing Finance Limited BWR AAA 2.68Power Grid Corporation of India Limited CRISIL AAA 2.48Dewan Housing Finance Corporation Limited BWR AAA 2.13Tata Sons Ltd CRISIL AAA 1.97Cholamandalam Investment and Finance Company Limited ICRA AA 1.82

Vodafone Mobile Services Limited CRISIL AA 1.77Tata Capital Financial Services Limited ICRA AA+ 1.76HDB Financial Services Limited CRISIL AAA 1.68Tata Industries Limited CRISIL A1+ 1.66Shriram Transport Finance Company Limited CRISIL AA+ 1.44Nirma Limited CRISIL AA 1.27Tata Capital Financial Services Limited CRISIL AA+ 1.00State Bank of India CRISIL AAA 0.80Mahindra & Mahindra Financial Services Limited IND AAA 0.74

Tata Motors Limited CARE AA+ 0.69L&T Housing Finance CARE AA+ 0.66Dewan Housing Finance Corporation Limited CARE AAA 0.63Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.60L&T Infrastructure Finance Company Limited CARE AA+ 0.54IDFC Bank Limited ICRA AAA 0.53Daimler Financial Services India Pvt Limited IND AAA 0.47Bajaj Finance Limited CRISIL AAA 0.33LIC Housing Finance Limited CARE AAA 0.33Mahindra Rural Housing Finance CRISIL AA+ 0.33Indiabulls Housing Finance Limited ICRA AAA 0.33Indiabulls Housing Finance Limited ICRA AAA 0.27Bajaj Finance Limited CARE AAA 0.15Indiabulls Housing Finance Limited CARE AAA 0.07Mahindra Rural Housing Finance IND AA+ 0.07Export Import Bank of India CRISIL AAA 0.03Indian Railway Finance Corporation Limited CRISIL AAA 0.01Small Industries Dev Bank of India CARE AAA 0.00STATE GOVERNMENT BOND SOVEREIGN 7.49GOVERNMENT BOND SOVEREIGN 3.45ZERO COUPON BOND 1.90Dewan Housing Finance Corporation Limited CARE AAA 1.38Sundaram BNP Paribas Home Finance Limited ICRA AA+ 0.35

Mahindra & Mahindra Financial Services Limited IND AAA 0.15

Axis Finance Limited IND AAA 0.02HDB Financial Services Limited CRISIL AAA 0.00TOTAL MONEY MARKET INSTRUMENTS^ 9.47BANKS 5.71IDFC Bank Limited ICRA A1+ 2.52IndusInd Bank Limited CRISIL A1+ 0.96NABARD CRISIL A1+ 0.90Kotak Mahindra Bank Limited CRISIL A1+ 0.63Export Import Bank of India CRISIL A1+ 0.62HDFC Bank Limited CARE A1+ 0.07OTHERS 3.08Larsen & Toubro Limited CRISIL A1+ 0.79NABARD CRISIL A1+ 0.64Tata Motors Limited ICRA A1+ 0.56Indian Railway Finance Corporation Limited CRISIL A1+ 0.46Power Finance Corporation Limited CRISIL A1+ 0.32Trapti Trading & Invest Pvt Limited ICRA A1+ 0.31TREASURY BILL 0.6780 Days CMB Sovereign 0.6691 Days Tbill Sovereign 0.01NET CURRENT ASSETS 5.07NET ASSETS 100%^Certificate of Deposit/Commercial Paper/Treasury Bill

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Short Term Fund - Growth22-Jan-10

18,373 8.32% 8.68% 8.86% 8.11%Crisil Short Term Bond Fund Index Benchmark) 18,394 8.34% 9.04% 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,369 6.69% 7.30% 7.48% 6.24%Axis Short Term Fund - Direct Plan - Growth

01-Jan-1315,228 9.43% - 9.70% 8.85%

Crisil Short Term Bond Fund Index (Benchmark) 14,981 9.05% - 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,857 7.24% - 7.48% 6.24%Axis Short Term Fund - Retail Plan - Growth

02-Mar-1018,166 8.28% 8.65% 8.87% 8.11%

Crisil Short Term Bond Fund Index (Benchmark) 18,357 8.43% 9.04% 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,330 6.75% 7.30% 7.48% 6.24%Past 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 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to annexure on Page 31 for performance of schemes managed by the fund manager.

DIVIDENDS



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017Mar 28, 2016 0.3611 0.3345 11.0764 10.5764 0.3611 0.3345 11.4947 10.9947Sep 28, 2015 0.2889 0.2676 11.1709 10.7709 0.2889 0.2676 11.5136 11.1136

Quarterly DividendJun 27, 2017 0.1805 0.1672 10.8368 10.5868 0.1805 0.1672 11.5039 11.2539Mar 27, 2017 0.1806 0.1673 10.7941 10.5441 0.1806 0.1673 11.4189 11.1689Dec 26, 2016 0.1805 0.1672 10.9387 10.6887 0.1805 0.1672 11.5337 11.2837

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. * 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

RATING % OF ASSETS

TOTAL DEBT 84.63

GOVERNMENT BOND SOVEREIGN 30.50


Rural Electrification Corporation Limited

CRISIL AAA 9.00

Power Grid Corporation of India Limited

CRISIL AAA 9.00

Reliance Gas Transportation Infrastructure Limited

CRISIL AAA 5.45


Tata Sons Ltd CRISIL AAA 1.50

Edelweiss Commodities Services Limited

ICRA AA 1.49

Tata Power Company Limited CRISIL AA- 1.30

India Infrastructure Fin Co Ltd CRISIL AAA 0.89

STATE GOVERNMENT BOND SOVEREIGN 23.99

MISCELLANEOUS 3.86

IIERT TRUSTCRISIL

AAA(SO)3.86


NET ASSETS 100%

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

339.01 Cr.


336.95 Cr.

BENCHMARK

Crisil Composite Bond Fund Index

AVERAGE MATURITY*

7.9 yearsMODIFIED DURATION*


7.07%

Mr. R. SivakumarWork experience: 18 years.

He has been managing this fund since inception



FUND MANAGER

Government Bond - 30.50% Corporate Bond - 30.14% State Government Bond -23.99% Total Money Market Instruments* - 11.51% Miscellaneous - 3.86%

SOV - 54.49% CRISIL AAA / CRISIL AAA(SO) & Equivalent - 42.73% ICRA AA - 1.49% CRISIL AA- - 1.30%

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

tern

al R

ate

Sens

itivi

ty

High

Med

Low


FUND STYLE


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 DEBT FUND)


EXIT 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 (w.e.f. 22nd June 2015


DIVIDENDS

16

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Dynamic Bond Fund - Growth

27-Apr-11

17,547 9.26% 9.37% 10.54% 8.71%

Crisil Composite Bond Fund Index (Benchmark) 17,604 9.31% 9.58% 11.01% 9.31%CRISIL 10 year Gilt Index (Additional Benchmark) 16,213 7.91% 8.47% 11.03% 8.97%

Axis Dynamic Bond Fund - Direct Plan -Growth

01-Jan-13

15,898 10.45% - 11.77% 9.66%

Crisil Composite Bond Fund Index (Benchmark) 15,284 9.52% - 11.01% 9.31%CRISIL 10 year Gilt Index (Additional Benchmark) 14,390 8.11% - 11.03% 8.97%

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. Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs.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. R. Sivakumar is managing the scheme since inception and he manages 5 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page 30&31 for performance of schemes managed by the fund managers.


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 83.73





Reliance Jio Infocomm Limited CRISIL AAA 6.25


Nirma Limited CRISIL AA 4.27

Dewan Housing Finance Corporation Limited

BWR AAA 4.18

Vedanta Limited CRISIL AA 4.16

Adani Transmission Limited IND AA+ 3.61

UPL Limited BWR AA+ 2.81


Muthoot Finance Limited CRISIL AA 1.93


Magma Fincorp Limited ICRA AA- 1.37

Cyquator Media Services Private Limited# BWR A1+(SO) 1.37

Hinduja Leyland Finance Limited CARE AA- 1.13

ZERO COUPON BOND 17.28

TMF Holdings Limited CRISIL AA 4.48

Edelweiss Commodities Services Limited CARE AA 3.01


Sprit Textile Pvt Limited BWR AA-(SO) 2.75

Emami Infrastructure Limited** IND AA-(SO) 1.82


CARE AAA 1.40


TOTAL MONEY MARKET INSTRUMENTS^ 8.37

BANKS 6.49

RBL Bank Limited ICRA A1+ 6.49

OTHERS 1.88

Tata Motors Limited ICRA A1+ 1.88

MISCELLANEOUS 3.99

IIERT TRUSTCRISIL

AAA(SO)2.73

MFL Securitisation TrustCRISIL

AAA(SO)1.26


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/ # Secured by shares of Zee Entertainment Enterprises Ltd / ** Secured by shares of Emami Ltd

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

356.53 Cr.


365.95 Cr.

BENCHMARK

CRISIL Short Term Bond Fund Index

AVERAGE MATURITY*



7.48%

Corporate Bond - 66.45% Zero Coupon Bond - 17.28% Total Money Market Instruments* - 12.27% Miscellaneous - 3.99%

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 OPPORTUNITIES FUND(AN OPEN-ENDED DEBT FUND)


17


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

FUND MANAGER

Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

EXIT LOAD

NIL

ICRA A1+/ CRISIL AAA/ CARE AAA/ BWR AAA/ BWR A1+(SO)/ CRISIL AAA(SO) & Equivalent - 57.08%

ICRA AA/ CRISIL AA/ CARE AA - 29.43% ICRA AA-/ CARE AA-/ IND AA-(SO)/ BWR AA-(SO) - 7.06% IND AA+/ BWR AA+ - 6.43%

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

Aug 28, 2017 0.0390 0.0362 10.1041 10.0500 0.0474 0.0439 10.1156 10.0500


DIVIDENDS



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564Mar 28, 2016 0.3611 0.3345 11.2292 10.7292 0.3611 0.3345 11.3351 10.8351Sep 28, 2015 0.2889 0.2676 11.3054 10.9054 0.2889 0.2676 11.3459 10.9459

Quarterly DividendJun 27, 2017 0.1805 0.1672 10.7832 10.5332 0.1805 0.1672 11.3275 11.0775Mar 27, 2017 0.1806 0.1673 10.7549 10.5049 0.1806 0.1673 11.2694 11.0194Dec 26, 2016 0.1805 0.1672 10.8011 10.5511 0.1805 0.1672 11.2898 11.0398Nov 02, 2016 0.0625 0.0625 10.3825 10.3200 0.0625 0.0625 10.5525 10.4900

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.* 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.

DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

509.87Cr.


586.69 Cr.

BENCHMARK

Crisil Composite Bond Fund Index

AVERAGE MATURITY*


*


8.03%


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

FUND MANAGER

Corporate Bond - 78.44% Zero Coupon Bond - 8.29% Miscellaneous - 6.06% Total Money Market Instruments* - 2.91% Reduced Face Value Bonds - Non Amortisaion - 2.56% Government Bond - 1.02% State Government Bond - 0.72%

BWR A1+(SO) / CRISIL AAA/ BWR AAA/ CRISIL AAA(SO) / ICRA AAA & Equivalent - 38.49% ICRA AA / CRISIL AA / CARE AA / CARE AA(SO) / IND AA - 35.75% CRISIL AA-/ ICRA AA-/ BWR AA-(SO)/ CARE AA- - 11.28% BWR A+(SO)/ CARE A+/ ICRA A+ - 7.38% ICRA AA+/ IND AA+- 5.36% SOV - 1.74%

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

tern

al R

ate

Sens

itivi

ty

High

Med

Low


FUND STYLE


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.


EXIT LOADIf 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 (w.e.f. 30th June 2016)


DIVIDENDS

18

(AN OPEN-ENDED DEBT SCHEME)

AXIS REGULAR SAVINGS FUND

Note: Note: The scheme was reanamed earlier known as Axis Income Fund and was renamed w.e.f. April 10, 2017.

RATING % OF ASSETSTOTAL DEBT 91.02CORPORATE BOND 78.44Reliance Jio Infocomm Limited CRISIL AAA 6.71Dewan Housing Finance Corporation Limited

BWR AAA 5.22

Indiabulls Housing Finance Limited BWR AAA 4.33Piramal Enterprises Limited ICRA AA 3.76Bhopal Dhule Transmission Company Limited

CRISIL AAA 3.43

Rural Electrification Corporation Limited CRISIL AAA 3.32Vodafone Mobile Services Limited CRISIL AA 3.31JM Financial Products Limited CRISIL AA 2.91Adani Transmission Limited IND AA+ 2.77Dalmia Cement (Bharat) Limited ICRA AA 2.61Nuvoco Vistas Corporation Limited CRISIL AA 2.58Hinduja Leyland Finance Limited CARE AA- 2.43Magma Fincorp Limited ICRA AA- 2.22Reliance Gas Transportation Infrastructure Limited

CRISIL AAA 2.08


Oriental Nagpur Betul Highway LimitedCRISIL

AAA(SO)1.91

Muthoot Finance Limited CRISIL AA 1.90PVR Limited CRISIL AA- 1.77Vedanta Limited CRISIL AA 1.73Birla Corporation Limited ICRA AA 1.73Mahindra Rural Housing Finance IND AA+ 1.71TI Financial Holdings Limited CRISIL AA 1.71Ujjivan Small Finance Bank Limited ICRA A+ 1.71Tata Power Company Limited CRISIL AA- 1.68Hindalco Industries Limited CRISIL AA 1.29Hansdeep Industries & Trading Company Limited

CARE AA(SO) 1.23

Nirma Limited CRISIL AA 1.20Cyquator Media Services Private Limited# BWR A1+(SO) 1.19ECL Finance Limited ICRA AA 0.88ICICI Bank Limited ICRA AA+ 0.87Equitas Small Finance Bank Limited CARE A+ 0.87Piramal Finance Limited ICRA AA 0.86JK Lakshmi Cement Limited CARE AA 0.86Edelweiss Commodities Services Limited ICRA AA 0.86Indiabulls Housing Finance Limited ICRA AAA 0.85IndoStar Capital Finance Limited CARE AA- 0.71SRF Limited IND AA 0.68Power Finance Corporation Limited CRISIL AAA 0.47ZERO COUPON BOND 8.29Amri Hospitals Limited^ BWR A+(SO) 2.25India Infoline Finance Limited ICRA AA 1.74Adani Power Limited~ BWR AA-(SO) 1.44Sprit Textile Pvt Limited BWR AA-(SO) 1.03Edelweiss Commodities Services Limited CARE AA 0.94TMF Holdings Limited CRISIL AA 0.54JM Financial Products Limited CRISIL AA 0.35REDUCED FACE VALUE BONDS - NON AMORTISATION 2.56

Subros Limited ICRA A+ 2.56GOVERNMENT BOND SOVEREIGN 1.02STATE GOVERNMENT BOND 0.72MISCELLANEOUS 6.06

IIERT TRUSTCRISIL

AAA (SO)4.60

MFL Securitisation TrustCRISIL

AAA(SO)1.46

NET CURRENT ASSETS 2.91NET ASSETS 100%~ Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited # Secured by shares of Zee Entertainment Enterprises Ltd^ Secured by shares of Emami Ltd

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Regular Savings Fund - Growth

28-Mar-12

16,410 9.55% 9.52% 10.63% 9.43%Crisil Composite Bond Fund Index (Benchmark) 16,411 9.55% 9.58% 11.01% 9.31%Crisil 10 Year Gilt Index (Additional Benchmark) 15,720 8.69% 8.47% 11.03% 8.97%Axis Regular Savings Fund - Direct Plan - Growth

07-Jan-1315,742 10.25% - 11.62% 10.08%

Crisil Composite Bond Fund Index (Benchmark) 15,220 9.45% - 11.01% 9.31%Crisil 10 Year Gilt Index (Additional Benchmark) 14,283 7.97% - 11.03% 8.97%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. 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 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to annexure on Page 31 for performance of schemes managed by the fund manager.


PORTFOLIO

DATE OF ALLOTMENT


1,864.52 Cr.


1,875.19 Cr.

BENCHMARK


AVERAGE MATURITY*


*


7.92%



FUND MANAGER

Corporate Bond - 69.27% Zero Coupon Bond - 9.51% Miscellaneous - 6.01% Total Money Market Instruments* - 5.56% State Government Bond - 4.96% Government Bond - 4.17% Reduced Face Value Bonds - Non Amortisation - 0.53%

ICRA AA/ CRISIL AA/ CARE AA/ ICRA AA(SO) / CARE AA(SO) - 36.59%

BWR A1+(SO)/ CRISIL AAA/ CARE AAA/ BWR AAA/ ICRA AAA/ CRISIL

AAA(SO) & Equivalent - 34.50%, CRISIL AA-/ ICRA AA-/ CARE AA-/ BWR

AA-(SO) - 9.46%, SOV - 9.12% CRISIL AA+/ CARE AA+/ ICRA AA+/

IND AA+/ BWR AA+ - 6.14% BWR A+(SO)/ ICRA A+ - 4.19%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE


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 FIXED INCOME OPPORTUNITIES FUND FACTSHEETAUGUST 2017

(AN OPEN-ENDED DEBT SCHEME)

EXIT LOAD

For 30% of investment: Nil For remaining investment: 1.5% if redeemed/switched out within 1 year, 1% if redeemed/switched out after 1 year and upto 2 years, 0.5% if redeemed/switched out after 2 years and upto 3 years from the date of allotment (w.e.f. 14th December 2015)



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendAug 28, 2017 0.0531 0.0492 10.2341 10.1605 0.0591 0.0548 10.1698 10.0879July 25, 2017 0.0426 0.0394 10.2330 10.1740 0.0495 0.0458 10.1654 10.0968Jun 27, 2017 0.0548 0.0508 10.2291 10.1531 0.0667 0.0618 10.1686 10.0762

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.* 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.

19

RATING % OF ASSETSTOTAL DEBT 88.43CORPORATE BOND 69.27Dewan Housing Finance Corporation Limited

BWR AAA 6.25

Nirma Limited CRISIL AA 3.33Muthoot Finance Limited CRISIL AA 3.24Power Finance Corporation Limited CRISIL AAA 3.03Dalmia Cement (Bharat) Limited ICRA AA 2.99Piramal Enterprises Limited ICRA AA 2.84Nuvoco Vistas Corporation Limited CRISIL AA 2.72Indiabulls Housing Finance Limited BWR AAA 2.56ECL Finance Limited ICRA AA 2.47PVR Limited CRISIL AA- 2.41JM Financial Products Limited CRISIL AA 2.30Hinduja Leyland Finance Limited CARE AA- 2.26India Infoline Finance Limited ICRA AA 2.19Adani Transmission Limited IND AA+ 2.18Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.17Birla Corporation Limited ICRA AA 2.16TI Financial Holdings Limited CRISIL AA 2.14Cyquator Media Services Private Limited# BWR A1+(SO) 2.03JK Lakshmi Cement Limited CARE AA 1.87LIC Housing Finance Limited CRISIL AAA 1.63Ujjivan Small Finance Bank Limited ICRA A+ 1.60Vodafone Mobile Services Limited CRISIL AA 1.35Piramal Finance Limited ICRA AA 1.34Indiabulls Housing Finance Limited ICRA AAA 1.33Hansdeep Industries & Trading Company Limited

CARE AA(SO) 1.26

Shriram Transport Finance Company Limited

CRISIL AA+ 1.20

UPL Limited BWR AA+ 1.10Bhopal Dhule Transmission Company Limited

CRISIL AAA 1.07

Reliance Jio Infocomm Limited CRISIL AAA 1.03Magma Fincorp Limited ICRA AA- 0.91ICICI Bank Limited ICRA AA+ 0.82Power Grid Corporation of India Limited CRISIL AAA 0.82HDFC Limited CRISIL AAA 0.82Tata Motors Limited CARE AA+ 0.57IndoStar Capital Finance Limited CARE AA- 0.54MAHINDRA RURAL HOUSING FINANCE IND AA+ 0.27Edelweiss Commodities Services Limited ICRA AA 0.27NABARD CRISIL AAA 0.09IDFC Bank Limited ICRA AAA 0.05Indiabulls Housing Finance Limited CARE AAA 0.05ZERO COUPON BOND 9.51Adani Power Limited~ BWR AA-(SO) 2.36Amri Hospitals Limited^ BWR A+(SO) 2.05TMF Holdings Limited CRISIL AA 1.70SVL Limited## ICRA AA(SO) 1.52Sprit Textile Pvt Limited BWR AA-(SO) 0.97Cholamandalam Investment and Finance Company Limited

ICRA AA 0.42

India Infoline Finance Limited ICRA AA 0.34Edelweiss Commodities Services Limited CARE AA 0.15STATE GOVERNMENT BOND SOVEREIGN 4.96GOVERNMENT BOND SOVEREIGN 4.17REDUCED FACE VALUE BONDS - NON AMORTISATION

0.53

Subros Limited ICRA A+ 0.53Miscellaneous 6.01

IIERT TRUSTCRISIL AAA

(SO)3.20

MFL Securitisation Trust CRISIL AA(SO) 2.81NET CURRENT ASSETS 5.56NET ASSETS 100%~ Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited # Secured by shares of Zee Entertainment Enterprises Ltd## Backed by corporate guarantee of Shriram Transport Finance Company Limited/^ Secured by shares of Emami Ltd

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Fixed Income Opportunities Fund - Growth

15-Jul-14

13,290 9.51% - 9.44% 8.51%CRISIL Short-Term Bond Fund Index (Benchmark) 13,139 9.11% - 9.10% 8.16%

CRISIL 1 Year T-Bill (Additional Benchmark) 12,540 7.50% - 7.48% 6.24%Axis Fixed Income Opportunities Fund - Direct Plan - Growth

15-Jul-14

13,748 10.70% - 10.66% 9.96%CRISIL Short-Term Bond Fund Index (Benchmark) 13,139 9.11% - 9.10% 8.16%

CRISIL 1 Year T-Bill (Additional Benchmark) 12,540 7.50% - 7.48% 6.24%Past 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 years & 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 43 schemes. Please refer to annexure on Page 31 for performance of schemes managed by the fund manager.

DIVIDENDS


EXIT LOAD

PORTFOLIO

% OF ASSETS

TOTAL DEBT 93.85

GOVERNMENT BOND 93.85

8.28% GOI Sovereign 28.27










NET ASSETS 100%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

48.36 Cr.


48.33 Cr.

BENCHMARK

Crisil 10 Year Gilt Index

AVERAGE MATURITY*



6.80%


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

FUND MANAGER

Government Bond - 93.85%, Total Money Market Instruments* - 6.15%

SOV & Equivalent - 100.00%COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)

Inte

rnal

Rat

e Se

nsiti

vity High

Med

Low


FUND STYLE


INVESTMENT OBJECTIVE: To generate returns similar to that of 10 year government bonds.

AXIS CONSTANT MATURITY 10 YEAR FUND(AN OPEN-ENDED GILT SCHEME)


NIL


DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Sep 26, 2016 0.1806 0.1673 11.9880 11.7380 - - - -Mar 28, 2016 0.3611 0.3345 11.5547 11.0547 0.3611 0.3345 11.7019 11.2019Aug 28, 2017 0.0171 0.0159 10.3062 10.2824 0.0268 0.0248 10.3290 10.2919July 25, 2017 0.0084 0.0078 10.3402 10.3285 0.0084 0.0078 10.3402 10.3285

Regular Dividend Jan 25, 2017 0.1120 0.1540 10.2619 10.1068 0.1153 - 10.2694 10.1098Please 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. * 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.

20

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Constant Maturity 10 Year Fund - Growth

23-Jan-12

15,225 7.78% 8.18% 10.43% 7.66%Crisil 10 Year Gilt Index (Benchmark) 15,507 8.14% 8.47% 11.03% 8.97%Axis Constant Maturity 10 Year Fund - Direct Plan - Growth 14,594 8.44% - 10.98% 8.22%

Crisil 10 Year Gilt Index (Benchmark) 01-Jan-13 14,390 8.11% - 11.03% 8.97%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. 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 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page 31for performance of schemes managed by the fund manager.


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 58.51







BWR AAA 4.76

National Housing Bank CRISIL AAA 3.78

NABARD IND AAA 3.77


Rural Electrification Corporation Limited CRISIL AAA 3.38


Power Grid Corporation of India Limited CRISIL AAA 1.56

ICICI Bank Limited ICRA AA+ 1.54

IndoStar Capital Finance Limited CARE AA- 1.53

Mahindra Rural Housing Finance IND AA+ 0.75


ZERO COUPON BOND 3.36


TOTAL MONEY MARKET INSTRUMENTS^ 39.53

BANKS 31.36

IndusInd Bank Limited CRISIL A1+ 10.89

RBL Bank Limited ICRA A1+ 8.01

HDFC Bank Limited CARE A1+ 7.28

Export Import Bank of India CRISIL A1+ 3.54

ICICI Bank Limited ICRA A1+ 0.75

IDFC Bank Limited ICRA A1+ 0.74

Kotak Mahindra Bank Limited CRISIL A1+ 0.14

OTHERS 8.16

Rural Electrification Corporation Limited CARE A1+ 5.24

Power Finance Corporation Limited CRISIL A1+ 2.22

Trapti Trading & Invest Pvt Limited ICRA A1+ 0.71


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

639.61 Cr.


666.07 Cr.

BENCHMARK


AVERAGE MATURITY*

333 daysMODIFIED DURATION*

297 DaysPORTFOLIO YIELD (YIELD TO MATURITY&)

6.82%



FUND MANAGER

Corporate Bond - 55.15% Total Money Market Instruments* -41.49% Zero Coupon Bond - 3.36%

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ BWR AAA/ IND AAA & Equivalent - 89.40% ICRA AA / CRISIL AA - 6.78% ICRA AA+/ IND AA+ - 2.30% CARE AA- - 1.53%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA] AAAmfs$


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)


NIL (w.e.f. 14th July 2014)

EXIT LOAD


21

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Banking & PSU Debt Fund - Growth

08-Jun-12

15,459 8.68% 8.61% 8.39% 7.95%Crisil Short Term Bond Fund Index (Benchmark) 15,749 9.07% 9.04% 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,451 7.29% 7.30% 7.48% 6.24%Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-13

14,806 8.78% - 8.58% 8.13%Crisil Short Term Bond Fund Index (Benchmark) 14,981 9.05% - 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,857 7.24% - 7.48% 6.24%Past 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. The scheme is in existence for less than 5 years, hence performance for 5 years period is not provided. 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 4 schemes at Axis Mutual Fund. Please refer to annexure on Page 30-31 for performance of all schemes managed by the fund manager.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendAug 28, 2017 4.5167 4.1846 1,013.7146 1,007.4611 4.6367 4.2964 1,013.8827 1,007.4622July 25, 2017 5.4413 5.0413 1,014.9948 1,007.4611 5.5400 5.1325 1,015.1322 1,007.4622Jun 27, 2017 6.0929 5.6449 1,015.8969 1,007.4611 6.2081 5.7517 1,016.0576 1,007.4622


DIVIDENDS

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.

Equity markets sentiment weakened in August after touching historic highs in July as global risk-off and local factors impacted markets. The Nifty Index was down 1.6 percent in the month of August, while S&P Midcap Index was marginally up by 0.98 percent. A key event in the month was the systematic crackdown on shell companies (which have no active business operations or assets) and is perhaps one of the most tangible offshoots of the demonetisation drive, which aimed to hit tax evasion and move India toward cashless, digital transactions that leave a paper trail. Sebi ordered stock exchanges to effectively freeze trading in 162 companies. These companies are part of longer list of 331 suspected shell companies provided by Sebi. While this impacted market sentiment especially in the midcap space, this is a long term positive in the overall efforts by the government to reduce corruption and black money laundering.Headline consumer price index (CPI) for the month of July was reported at 2.36% marginally up from previous month’s reading of 1.54%. This was on account of cost of housing, energy and clothing which rose further and food prices fell at a softer pace. While food inflation has been soft for a few months in a row now, even core inflation had slowed sharply pointing to a broad based fall. This was accompanied by falling inflation expectations both at the household level as well as by professional forecasters. The low inflation trajectory allowed RBI to cut policy rates by 25 bps in its review meeting on the 2nd of August. However, room for further rate cuts seems limited.The economy is passing through a period of sluggishness, primarily on account of implementation of the Goods and Service Tax or GST. The slowdown has been accentuated by the fact that the economy has faced two jolts back-to-back, first demonetisation and now GST. Business sentiment remains robust however and output should normalise once the system stabilises over next few months. Overall, July data shows a recovery from the pre-GST lows in June, but a patchy one as channels take their time to adjust to the new system. GDP for Q1FY18 came in at a weak 5.7% vs 6.1% last quarter. A drilldown of the GDP data shows that the economy remains private consumption driven with investment lagging, but the discrepancy is less marked than it was in the previous quarter (when investment contracted YoY). Manufacturing PMI bounced back to 51.2 in August supported by a rebound in output and new orders. Services PMI data for August is still awaited. The June-to-September south-west monsoon, which was forecast to be normal this year, has so far seen a shortfall of 3%, as compared to the normal or 50-year average. IMD classifies rainfall in the 96-104% of long period average as ‘normal’. Good rainfall is vital for sustaining rural demand, where demonetisation and now GST have resulted in substantial channel disruption.Foreign portfolio investors were net sellers in the month of August though CYTD equity flows have been strong at US$ 6.7 bn. Additionally, net FII inflows in debt have been positive at US$ 26.4bn. This has helped market sentiment over the past few months. Net flows by domestic funds have also remained strong over the last several months.As the first quarter’s earnings season kicked off, the macro and broader market context was positive with the timely implementation of GST, decent progress of monsoon, controlled inflation and a stable currency backdrop. Positive macro factors notwithstanding, the 1QFY18 corporate results were impacted by the GST and disappointments were driven more by margins than revenues. However, the GST reform can significantly improve the ease of doing business in India as multiple taxes reduce and inter-state business improves. Further, we would expect 2QFY18 to be better than 1Q as GST re-stocking and an early festive season (September versus October base) boost demand.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.Lower growth and lower inflation together make a strong case for a rate cut. But even as the current conditions argue for a strong monetary response, the RBI believes that the near term outlook is clouded. As explained above it is likely that we have seen the trough of inflation. On the growth front, the impact of a rate cut on growth might be limited – as some of the slowdown in growth is due to weak balance sheets of banks and the corporate sector. A reduction in interest rate may not spur lending activity in such a situation. The overall macro situation is also supported by easy liquidity and an accommodative fiscal stance. The pace of remonetization has slowed in recent months and excess liquidity appears to be persistent. This has been supported by strong FPI flows. On the fiscal front, we have seen the central government hit 80% of its budgeted deficit target in the first quarter itself. Several states have announced farm loan waivers which could result in fiscal expansion. GST on the other hand was off to an encouraging start as seen by first month’s collections which were only marginally lower than the budgeted run rate for FY18 for both state government and central government put together.On balance therefore the RBI has opted to cut rates, but has maintained a neutral stance of policy –preferring to wait for further data to decide if rates should be further reduced.In the near term we expect the markets to remain range-bound. There may be tactical opportunities in long duration bonds from time to time, though from a structural perspective it does appear that we are very close to the end of the rate cycle. At the same time easy liquidity has depressed money market yields. In such a situation investors should consider short-term corporate bond funds, which are relatively insulated from duration risks but take advantage of the steep short term yield curve.

Quick Take - Fixed Income

•

•

•

•

Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6% in its August meeting.

From a structural perspective it appears that we are very close to the end of the rate cycle.

In the near term we expect the markets to remain range-bound.

Investor should look to invest in short-term corporate bond funds, which are relatively insulated from duration risks but take advantage of the steep short term yield curve. 10 yr G-Sec : Last 1 year

7.11%

6.53%

12.9%

Key highlights

HYBRIDOUTLOOK

SEPTEMBER 2017

22


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 23.38TOTAL FIXED DEPOSIT 3.61CORPORATE BOND 13.34Cholamandalam Investment and Finance Company Limited

ICRA AA 2.01

Edelweiss Commodities Services Limited ICRA AA 0.82HDFC Limited CRISIL AAA 3.67NABARD CRISIL AAA 0.84Piramal Finance Limited ICRA AA 0.33Power Finance Corporation Limited CRISIL AAA 4.78Power Grid Corporation of India Limited CRISIL AAA 0.89GOVERNMENT BOND SOVEREIGN 5.90ZERO COUPON BOND 0.54Amri Hospitals Ltd^ BWR A+(SO) 0.54TOTAL EQUITY 66.66TOTAL UNHEDGED EQUITY 44.50AUTO 4.74Hero MotoCorp Limited 1.03Maruti Suzuki India Limited 3.71AUTO ANCILLARIES 2.17CEAT Limited 0.46Motherson Sumi Systems Limited 1.71BANKS 9.62HDFC Bank Limited 4.40ICICI Bank Limited 1.22IndusInd Bank Limited 1.22Kotak Mahindra Bank Limited 2.77CEMENT 2.13JK Lakshmi Cement Limited 0.43Shree Cements Limited 1.69CHEMICALS 1.12Pidilite Industries Limited 1.12CONSTRUCTION PROJECT 1.88Larsen & Toubro Limited 0.65Voltas Limited 1.23CONSUMER NON DURABLES 2.67Britannia Industries Limited 1.48Hindustan Unilever Limited 1.19FINANCE 9.11Bajaj Finance Limited 3.24Cholamandalam Investment and Finance Company Limited

1.40

HDFC Limited 2.70Sundaram Finance Limited 1.77GAS 1.56Petronet LNG Limited 1.56INDUSTRIAL CAPITAL GOODS 1.37Bharat Electronics Limited 0.84Siemens Limited 0.53INDUSTRIAL PRODUCTS 1.40Cummins India Limited 1.40PETROLEUM PRODUCTS 1.83Indian Oil Corporation Limited 1.10Reliance Industries Limited 0.73PHARMACEUTICALS 0.49Cadila Healthcare Limited 0.49SOFTWARE 0.85Infosys Limited 0.85TELECOM - EQUIPMENT & ACCESSORIES 0.58Astra Microwave Products Limited 0.58TELECOM - SERVICES 0.98Bharti Airtel Limited 0.98TEXTILE PRODUCTS 1.02Page Industries Limited 1.02TRANSPORTATION 0.97Container Corporation of India Limited 0.97TOTAL HEDGED EQUITY 22.16Ashok Leyland Limited 0.05Cipla Limited 0.01Tata Motors Limited 0.40Suzlon Energy Limited 0.07NHPC Limited 0.13Bharat Petroleum Corporation Limited 0.08Shriram Transport Finance Company Limited 0.80IDFC Limited 0.47Housing Development Finance Corporation Limited 0.22Dr. Reddy's Laboratories Limited 1.07Indiabulls Housing Finance Limited 0.21IDFC Bank Limited 0.40Reliance Communications Limited 0.01Capital First Limited 0.05Punjab National Bank 0.12National Aluminium Company Limited 0.70The Federal Bank Limited 2.60Allahabad Bank 0.08Jain Irrigation Systems Limited 0.09The India Cements Limited 0.12Just Dial Limited 0.09Tata Motors Limited 0.65Bank of Baroda 0.03DLF Limited 0.18Jaiprakash Associates Limited 1.36State Bank of India 0.18Rural Electrification Corporation Limited 0.17Britannia Industries Limited 0.08Bharat Financial Inclusion Limited 0.17BEML Limited 0.24IRB Infrastructure Developers Limited 0.20Godfrey Phillips India Limited 0.03Glenmark Pharmaceuticals Limited 0.10Fortis Healthcare Limited 0.16Escorts Limited 0.02Tata Chemicals Limited 0.19Sun Pharmaceutical Industries Limited 0.03Page Industries Limited 0.03JSW Steel Limited 0.31Strides Shasun Limited 0.13Castrol India Limited 0.04Jindal Steel & Power Limited 0.30Century Textiles & Industries Limited 3.29Sun TV Network Limited 0.42Kotak Mahindra Bank Limited 0.13Maruti Suzuki India Limited 0.76Dewan Housing Finance Corporation Limited 4.19Torrent Power Limited 1.00DEBT, CASH & OTHER RECEIVABLES 9.96NET ASSET 100%^ Secured by shares of Emami Ltd

DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

616.41 Cr.


610.08 Cr.

BENCHMARK

Crisil MIP Blended Fund

Index

Mr. Anupam TiwariWork experience: 10 years.

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



FUND MANAGER

Unhedged Equity - 44.50% Debt, Cash and Other Receivables - 33.34% Hedged Equity - 22.16%

CRISIL AAA & Equivalent - 20.14%, SOV - 5.90% ICRA AA - 3.16%, BWR A+(SO) - 0.54%


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 EQUITY SCHEME)


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

EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Aug 28, 2017 0.0625 0.0625 10.7125 10.6500 0.0625 0.0625 10.9525 10.8900

Monthly DividendJuly 25, 2017 0.0625 0.0625 10.7725 10.7100 0.0625 0.0625 10.9925 10.9300Jun 27, 2017 0.0625 0.0625 10.6225 10.5600 0.0625 0.0625 10.8325 10.7700Jun 27, 2017 0.1875 0.1875 10.7675 10.5800 0.1875 0.1875 10.9975 10.8100

Quarterly Dividend Apr 06, 2017 0.1875 0.1875 10.7675 10.5800 0.1875 0.1875 10.9575 10.7700Nov 02, 2016 0.0625 0.0625 10.3825 10.3200 0.0625 0.0625 10.5525 10.4900

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. @ 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.

23

AVERAGE MATURITY@*


@*


7.05%PORTFOLIO TURNOVER# (1 YEAR)

5.94 times

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Equity Saver Fund - Growth14-Aug-15

11,460 6.88% - - 8.32%CRISIL MIP Blended Index (Benchmark) 12,186 10.13% - - 9.93%Nifty 50 (Additional Benchmark) 11,643 7.70% - - 12.88%Axis Equity Saver Fund - Direct Plan - Growth

14-Aug-1511,760 8.23% - - 9.70%

CRISIL MIP Blended Index (Benchmark) 12,186 10.13% - - 9.93%Nifty 50 (Additional Benchmark) 11,643 7.70% - - 12.88%Past 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 years & 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 6th October 2016 and he manages 4 schemes & R. Sivakumar is managing the scheme since inception and he manages 5 schemes. Please refer to annexure on Page 30 & 31 for performance of all schemes managed by the fund managers.

DIVIDENDS


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 29.05TOTAL FIXED DEPOSIT 2.46CORPORATE BOND 24.36Reliance Jio Infocomm Limited CRISIL AAA 7.29HDFC Limited CRISIL AAA 5.82Mahindra & Mahindra Financial Services Limited

IND AAA 2.26

NABARD IND AAA 2.02LIC Housing Finance Limited CRISIL AAA 1.81ICICI Bank Limited ICRA AA+ 1.15Power Finance Corporation Limited CRISIL AAA 1.14Power Grid Corporation of India Limited CRISIL AAA 0.93UltraTech Cement Limited CRISIL AAA 0.83Rural Electrification Corporation Limited CRISIL AAA 0.68Larsen & Toubro Limited CRISIL AAA 0.41OTHERS 2.23Edelweiss Commodities Services Limited CRISIL A1+ 2.23TOTAL EQUITY 64.81TOTAL UNHEDGED EQUITY 48.86AUTO 4.38Hero MotoCorp Limited 1.44Maruti Suzuki India Limited 2.94AUTO ANCILLARIES 3.83Balkrishna Industries Limited 0.44CEAT Limited 0.43Endurance Technologies Limited 0.98Motherson Sumi Systems Limited 0.42MRF Limited 0.82WABCO India Limited 0.74BANKS 9.83City Union Bank Limited 0.81HDFC Bank Limited 4.19ICICI Bank Limited 1.32IndusInd Bank Limited 0.83Kotak Mahindra Bank Limited 1.53The Federal Bank Limited 1.16CEMENT 3.70ACC Limited 0.93Ambuja Cements Limited 1.63Shree Cements Limited 1.14CONSUMER NON DURABLES 5.90Asian Paints Limited 0.46Britannia Industries Limited 2.22Colgate Palmolive (India) Limited 0.46Hindustan Unilever Limited 1.40ITC Limited 1.36FINANCE 10.66Bajaj Finance Limited 3.04Bajaj Finserv Limited 0.47Cholamandalam Investment and Finance Company Limited

1.92

HDFC Limited 3.67Mahindra & Mahindra Financial Services Limited

0.12

Sundaram Finance Limited 1.43GAS 1.16Petronet LNG Limited 1.16INDUSTRIAL CAPITAL GOODS 1.12Bharat Electronics Limited 1.12INDUSTRIAL PRODUCTS 1.05Cummins India Limited 1.05PETROLEUM PRODUCTS 3.28Bharat Petroleum Corporation Limited 0.96Indian Oil Corporation Limited 1.01Reliance Industries Limited 1.31PHARMACEUTICALS 0.62Cadila Healthcare Limited 0.62RETAILING 0.002Aditya Birla Fashion and Retail Limited 0.002SOFTWARE 2.05Infosys Limited 2.05TEXTILE PRODUCTS 1.27Page Industries Limited 1.27TOTAL HEDGED EQUITY 15.95NET CURRENT ASSETS 6.14NET ASSET 100%

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 EQUITY SCHEME)


1% if redeemed / switched - out within 12 months from the date of allotment

EXIT LOAD

24

Total Unhedged Equity - 48.86% Debt, Cash and Other Receivables - 35.19% Total Hedged Equity - 15.95%

CRISIL A1+ / CRISIL AAA/ IND AAA & Equivalent - 31.58% ICRA AA+ - 1.15%



DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,139.33 Cr.


2,232.74 Cr.

BENCHMARK

Crisil Balanced Fund Index

AVERAGE MATURITY*



6.71%

Mr. Anupam TiwariWork experience: 10 years.


Mr. Ashwin PatniWork experience: 13 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 18 years.



PORTFOLIO

RATING % OF ASSETSTOTAL DEBT 65.48CORPORATE BOND 59.75Power Finance Corporation Limited CRISIL AAA 9.84HDFC Limited CRISIL AAA 8.03NABARD CRISIL AAA 6.38Reliance Jio Infocomm Limited CRISIL AAA 6.28Rural Electrification Corporation Limited CRISIL AAA 6.00Mahindra & Mahindra Financial Services Limited

IND AAA 4.44

IDFC Bank Limited ICRA AAA 4.42LIC Housing Finance Limited CRISIL AAA 3.41Cholamandalam Investment and Finance Company Limited

ICRA AA 2.67

Tata Sons Ltd CRISIL AAA 2.11L&T Finance Limited CARE AA+ 1.79NABARD IND AAA 1.76SRF Limited IND AA 1.18Nuvoco Vistas Corporation Limited CRISIL AA 0.90India Infoline Finance Limited ICRA AA 0.53Blue Dart Express Limited ICRA AA 0.02ZERO COUPON BOND 5.72SVL Limited## ICRA AA(SO) 5.68Shriram Transport Finance Company Limited IND AA+ 0.04TOTAL MONEY MARKET INSTRUMENTS^ 3.92BANKS 2.17ICICI Bank Limited ICRA A1+ 2.17OTHERS 1.75Larsen & Toubro Limited CRISIL A1+ 1.75TOTAL EQUITY 27.64BANKS 5.65HDFC Bank Limited 2.67Kotak Mahindra Bank Limited 1.71ICICI Bank Limited 1.28FINANCE 3.77HDFC Limited 2.30Multi Commodity Exchange of India Limited 0.80Bajaj Finance Limited 0.68AUTO ANCILLARIES 2.64Motherson Sumi Systems Limited 1.05Endurance Technologies Limited 0.88Amara Raja Batteries Limited 0.71CEMENT 2.30Shree Cements Limited 0.99Ambuja Cements Limited 0.77JK Lakshmi Cement Limited 0.54AUTO 1.66Maruti Suzuki India Limited 1.04Eicher Motors Limited 0.62TRANSPORTATION 1.58Blue Dart Express Limited 0.86Container Corporation of India Limited 0.72PESTICIDES 1.36UPL Limited 0.69PI Industries Limited 0.67TEXTILE PRODUCTS 1.08Page Industries Limited 1.08CHEMICALS 0.89Pidilite Industries Limited 0.89RETAILING 0.86Avenue Supermarts Limited 0.86SOFTWARE 0.71Info Edge (India) Limited 0.71CONSTRUCTION PROJECT 0.64Larsen & Toubro Limited 0.64INDUSTRIAL PRODUCTS 0.59Cummins India Limited 0.59POWER 0.55Torrent Power Limited 0.55GAS 0.55Petronet LNG Limited 0.55PHARMACEUTICALS 0.51Cadila Healthcare Limited 0.51OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS)

2.29

NET CURRENT ASSETS 2.97NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/ ## Backed by corporate guarantee of Shriram Transport Finance Company Limited

DATE OF ALLOTMENT


582.85 Cr.


569.53 Cr.

BENCHMARK

Crisil MIP Blended Fund Index

AVERAGE MATURITY@*


@*


7.02%

Mr. Ashish NaikWork experience: 10 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt - 72.36%, Equity - 27.64%

ICRA A1+/ CRISIL A1+/ CRISIL AAA/ ICRA AAA/ IND AAA & Equivalent - 59.56% ICRA AA / CRISIL AA / ICRA AA(SO)/ IND AA - 10.98% CARE AA+/ IND AA+- 1.83%



He has been managing this fund since 07th June 2016


INVESTMENT OBJECTIVE: To generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation.

AXIS INCOME SAVER(AN OPEN-ENDED INCOME FUND)


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 (w.e.f. 15th June 2015)

EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

Mar 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 12.0849Mar 25, 2014 0.3117 0.2985 10.9526 10.5526 - - - -

Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Sep 26, 2016 0.3611 0.3346 11.9394 11.4394 0.3611 0.3346 12.3576 11.8576Mar 28, 2016 0.3611 0.3345 11.6671 11.1671 0.3611 0.3345 11.9950 11.4950

Quarterly Dividend

Sep 28, 2015 0.3611 0.3345 12.0570 11.5570 0.3611 0.3345 12.3170 11.8170Jun 27, 2017 0.1805 0.1672 11.0936 10.8436 0.0722 0.0669 13.2524 13.1524Mar 27, 2017 0.1806 0.1673 11.0673 10.8173 0.1806 0.1673 13.1368 12.8868Dec 26, 2016 0.1805 0.1672 10.8652 10.6152 0.1805 0.1672 12.8150 12.5650

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. * 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.

DIVIDENDS

25

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Income Saver - Growth

16-Jul-10

17,987 8.58% 10.37% 8.40% 7.17%Crisil MIP Blended Fund Index (Benchmark) 18,456 8.97% 10.30% 10.63% 9.93%CRISIL 10 year Gilt Index (Additional Benchmark) 16,573 7.34% 8.47% 11.03% 8.97%

Axis Income Saver - Direct Plan - Growth

04-Jan-13

16,284 11.04% - 9.98% 8.59%Crisil MIP Blended Fund Index (Benchmark) 15,515 9.89% - 10.63% 9.93%CRISIL 10 year Gilt Index (Additional Benchmark) 14,321 8.02% - 11.03% 8.97%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. 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 7th June 2016 and he manages 43 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 4 schemes. Please refer to annexure on Page 30 & 31 for performance of 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.


PORTFOLIO

RATING % OF ASSETSTOTAL DEBT 28.35TOTAL FIXED DEPOSIT 1.22GOVERNMENT BOND SOVEREIGN 13.00CORPORATE BOND 12.28Power Finance Corporation Limited CRISIL AAA 9.17HDFC Limited CRISIL AAA 2.49Cholamandalam Investment and Finance Company Limited

ICRA AA 0.62

ZERO COUPON BOND 1.85Sprit Textile Pvt Limited BWR AA-(SO) 1.85TOTAL EQUITY 65.86TOTAL UNHEDGED EQUITY 59.55AUTO 2.20Maruti Suzuki India Limited 2.20AUTO ANCILLARIES 4.08Endurance Technologies Limited 1.39Motherson Sumi Systems Limited 2.32WABCO India Limited 0.37BANKS 12.01City Union Bank Limited 1.28HDFC Bank Limited 4.94ICICI Bank Limited 2.55Kotak Mahindra Bank Limited 3.24CEMENT 2.80Ambuja Cements Limited 1.40Shree Cements Limited 1.40CHEMICALS 2.34Pidilite Industries Limited 1.76Sudarshan Chemical Industries Limited 0.58CONSTRUCTION PROJECT 2.82Larsen & Toubro Limited 2.23Voltas Limited 0.59CONSUMER NON DURABLES 0.81Asian Paints Limited 0.81FINANCE 11.58Bajaj Finance Limited 2.03Bajaj Finserv Limited 2.99Cholamandalam Investment and Finance Company Limited

0.71Housing Development Finance Corpora-tion Limited

4.44

Sundaram Finance Limited 1.40GAS 2.35Indraprastha Gas Limited 1.17Petronet LNG Limited 1.18INDUSTRIAL CAPITAL GOODS 1.13V-Guard Industries Limited 1.13INDUSTRIAL PRODUCTS 4.12Astral Poly Technik Limited 1.46Carborundum Universal Limited 1.08Cummins India Limited 1.58MEDIA & ENTERTAINMENT 1.08Zee Entertainment Enterprises Limited 1.08PESTICIDES 1.87PI Industries Limited 0.76UPL Limited 1.11PHARMACEUTICALS 3.29Cadila Healthcare Limited 1.17Sun Pharma Advanced Research Company Limited

0.89

Sun Pharmaceutical Industries Limited 1.23POWER 0.84Torrent Power Limited 0.84RETAILING 2.20Avenue Supermarts Limited 2.20SOFTWARE 0.97Info Edge (India) Limited 0.97TEXTILE PRODUCTS 2.49Page Industries Limited 1.39SRF Limited 1.10TRANSPORTATION 0.57Blue Dart Express Limited 0.57TOTAL HEDGED EQUITY 6.31Cadila Healthcare Limited 1.98DLF Limited 0.28Ashok Leyland Limited 0.18UPL Limited 0.61Century Textiles & Industries Limited 0.77Page Industries Limited 1.30ICICI Prudential Life Insurance Company Limited

0.68Dewan Housing Finance Corporation Limited

0.21

Tata Communications Limited 0.29NET CURRENT ASSETS 5.79NET ASSETS 100%

DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

321.40 Cr.


326.94 Cr.

BENCHMARK

50% Nifty 50 + 50% Crisil

Composite Bond Fund Index

AVERAGE MATURITY@*


@*


6.89%


He has been managing this fund since 6th July 2016


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

FUND MANAGER

Unhedged Equity - 59.55% Debt, Cash and Other Receivables - 34.14% Hedged Equity - 6.31%

CRISIL AAA & Equivalent - 17.45% SOV - 13.00% BWR AA-(SO) - 1.85% ICRA AA - 0.62%


AXIS CHILDREN’S GIFT FUND(AN OPEN-ENDED BALANCED SCHEME)


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.

EXIT LOAD

3% is payable if Units are redeemed / switched out upto 1 year from the date of allotment,2% is payable if Units are redeemed / switched - out after 1 year and upto 2 years from the date of allotment, 1% is payable if are redeemed / switched-out after 2 years and upto 3 years from the date of allotment, NIL if Units are redeemed / switched-out after 3 years from the date of allotment

EXIT LOAD


26

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

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

08-Dec-15

11,947 10.82% - - 9.12%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%

Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

08-Dec-15

12,283 12.61% - - 10.91%50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%

Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth

08-Dec-15


Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth

08-Dec-15


Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Past 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 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Ashish Naik manages 4 schemes & R. Sivakumar manages 5 schemes. Please refer to annexure on Page 30 for performance of all schemes managed by the fund managers.@ 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.


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 34.32CORPORATE BOND 24.69Reliance Gas Transportation Infrastructure Limited

CRISIL AAA 8.07

Rural Electrification Corporation Limited

CRISIL AAA 6.89

Tata Power Company Limited CRISIL AA- 4.08Hindalco Industries Limited CRISIL AA 3.51Power Finance Corporation Limited CRISIL AAA 1.20India Infrastructure Fin Co Ltd CRISIL AAA 0.94GOVERNMENT BOND SOVEREIGN 9.63TOTAL EQUITY 37.00BANKS 7.95HDFC Bank Limited 3.59Kotak Mahindra Bank Limited 2.34ICICI Bank Limited 2.03FINANCE 6.32Housing Development Finance Cor-poration Limited

3.28

Gruh Finance Limited 1.28Bajaj Finance Limited 1.11Cholamandalam Investment and Finance Company Limited

0.65

AUTO ANCILLARIES 4.15Motherson Sumi Systems Limited 1.39WABCO India Limited 1.03Endurance Technologies Limited 1.01Amara Raja Batteries Limited 0.73AUTO 2.35Maruti Suzuki India Limited 1.52Eicher Motors Limited 0.83CONSTRUCTION PROJECT 2.26Larsen & Toubro Limited 1.64Voltas Limited 0.61CEMENT 2.13Shree Cements Limited 1.18Ambuja Cements Limited 0.95PHARMACEUTICALS 1.84Cadila Healthcare Limited 0.92Sun Pharma Advanced Research Company Limited

0.92

TRANSPORTATION 1.80Container Corporation of India Limited

1.03

Blue Dart Express Limited 0.77SOFTWARE 1.41Info Edge (India) Limited 0.85Infosys Limited 0.56RETAILING 1.25Avenue Supermarts Limited 1.25CONSUMER DURABLES 1.13Blue Star Limited 1.13POWER 0.92Torrent Power Limited 0.92PESTICIDES 0.81PI Industries Limited 0.81GAS 0.74Petronet LNG Limited 0.74INDUSTRIAL PRODUCTS 0.71Cummins India Limited 0.71OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.23

Exchange Traded Funds 25.93AXIS GOLD ETF 25.93NET CURRENT ASSETS 2.75NET ASSETS 100%

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

321.47 Cr.


321.05 Cr.

BENCHMARK35% of Nifty 50 + 35% of Crisil

Composite Bond Fund Index + 30% Of

INR Price of Gold

AVERAGE MATURITY@*

8 yearsMODIFIED DURATION

@*


7.52%

Mr. R. Sivakumar Work experience: 18 years.

He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt* - 37.07% Equity - 37.00% ETFs - 25.93%

CRISIL AAA & Equivalent -19.85% SOV - 9.63% CRISIL AA- - 4.08 CRISIL AA - 3.51



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 HYBRID FUND)


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 (w.e.f. 15th June 2015)

EXIT LOAD


DIVIDENDS

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. * 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.

27

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Triple Advantage Fund - Growth

23-Aug-10

17,774 8.53% 8.42% 8.04% 6.30%35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark)

17,671 8.44% 7.88% 7.66% 6.29%

Crisil 10 Year Gilt Index (Additional Benchmark) 16,850 7.71% 8.47% 11.03% 8.97%Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-13

14,732 8.66% - 9.20% 7.84%35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark)

13,872 7.27% - 7.66% 6.29%

Crisil 10 Year Gilt Index (Additional Benchmark) 14,390 8.11% - 11.03% 8.97%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. 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.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 5 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 4 schemes. Please refer to annexure on Page 30 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.

Axis Equity Fund - Growth Option

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

Total Amount Invested 9,10,000 6,00,000 3,60,000 1,20,000Market value as on August 31, 2017 15,76,284 8,77,569 4,37,908 1,37,500Returns (Annualised) 14.16% 15.20% 13.14% 28.17%Benchmark Returns (Annualised) 10.94% 12.16% 10.96% 20.18%Additional Benchmark Returns (Annualised) 10.05% 10.87% 9.30% 17.77%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st August 2017)

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



^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



^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



^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 - Growth Option

SIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 2,40,000 1,20,000Market value as on August 31, 2017 2,64,566 1,27,268Returns (Annualised) 9.68% 11.44%Benchmark Returns (Annualised) 11.29% 10.45%Additional Benchmark Returns (Annualised) 16.75% 20.18%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended 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.

Axis Triple Advantage Fund - Growth Option



^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: 35% Nifty 50+ 35% CRISIL Composite Bond Fund Index + 30% INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. 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.

Axis Income Saver - Growth Option



^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended Index. Additional Benchmak: CRISIL 10 year Gilt Index 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.SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return)

28

NAV (as on 31st August 2017)

Fund Name


Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Quartely Dividend

Half Yearly

Dividend

Annual Dividend

Bonus Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Bonus Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Quartely Dividend

Half Yearly

Dividend

Annual Dividend

Bonus

Axis Equity Fund 23.76 15.86 - - - - - - - - - 25.00 16.75 - - - - - -

Axis Focused 25 Fund

24.40 18.95 - - - - - - - - - 25.81 25.49 - - - - - -

Axis Long Term Equity Fund

38.33 22.42 - - - - - - - - - 40.48 34.49 - - - - - -

Axis Midcap Fund 30.71 23.92 - - - - - - - - - 32.48 27.91 - - - - - -

Axis Equity Saver Fund

11.46 11.13 - 10.72 10.87 - - - - - - - - 11.76 10.93 - 10.96 11.12 - - -

Axis Triple Advantage Fund

17.7738 14.4964 - - - - - - - - - 18.6914 16.0944 - - - - - -

Axis Income Saver 17.9866 - - - 11.1194 11.6805 12.1521 - - - - - - 19.1687 - - - 13.5135 12.2538 12.7169 -

Axis Constant Matu-rity 10 Year Fund

15.2249 10.3039 - - - 11.9311 - - - - - - - 15.5954 10.3139 - - - - - -

Axis Dynamic Bond Fund

17.5466 - - - 10.7003 11.1626 - - - - - - - 18.5272 - - - 11.3923 11.8026 - -

Axis Corporate Debt Opportunities Fund

10.1127 10.0727 10.0585 10.0585 - - - - - - - - - 10.1250 10.0793 10.0593 10.0593 - - - -

Axis Regular Savings Fund

16.4103 - - - 10.7120 11.3525 - - - - - - - 17.0950 - - - 11.2772 11.5873 - -

Axis Fixed Income Opportunities Fund

13.2899 - 10.1760 10.1706 - - - - - - - - - 13.7481 - 10.2575 10.0991 - - - -

Axis Short Term Fund 18.3734 12.2915 10.2547 10.2218 - - - 18.4786 18.1662 - 10.1631 10.0818 - 19.0705 11.6179 10.2551 10.0840 - - - -

Axis Banking & PSU Debt Fund

1545.9408 1008.0388 1008.0728 1008.2525 - - - - - - - - - 1558.8283 1008.0388 1008.0877 1008.2682 - - - -

Axis Treasury Advantage Fund

1867.0709 1006.2334 1006.6580 1006.1049 - - - - 1753.2540 1005.4758 1005.2323 1006.0770 - 1903.9950 1007.2893 1005.3200 1006.1699 - - - -

Axis Liquid Fund 1847.6248 1000.8759 1002.6095 1001.1070 - - - - 1760.1338 1000.6413 1000.9926 1000.6879 - 1853.5657 1000.6413 1002.6141 1000.7410 - - - 1853.4484

Axis Enhanced Arbitrage Fund

12.2030 10.4707 - - - - - - - - - - - 12.5185 10.8495 - - - - - -

Axis Children’s Gift Fund No Lock-In

11.9456 11.9509 - - - - - - - - - - - 12.3611 12.2826 - - - - - -

Axis Children’s Gift Fund Compulsory Lock-In

11.9471 11.9522 - - - - - - - - - - - 12.2833 12.2827 - - - - - -

Axis Dynamic Equity Fund

10.05 10.05 - - - - - - - - - - - 10.06 10.06 - - - - - -

29

Fund Name Entry Load

Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount (`)

Axis Equity Fund NA 5,000/1 100/1 1,000/1

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

Axis Long Term Equity Fund NA 500/500 500/500 500/500

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

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

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

Axis Income Saver NA 5,000/1 100/1 1,000/1

Axis Constant Maturity 10 Year Fund

NA 5,000/1 100/1 1,000/1

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

Axis Corporate Debt Opportunities Fund

NA 5,000/1 100/1 1,000/1

Axis Regular Savings Fund NA 5,000/1 100/1 1,000/1

Axis Fixed Income Opportunities Fund

NA 5,000/1 100/1 1,000/1

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

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

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

Axis Liquid Fund NA Growth Option: `500 and in

multiples of ` 1/- thereafterAll other

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

Growth Option: ` 500 and in

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

multiples of ` 1/- thereafter

-

Axis Enhanced Arbitrage Fund NA 5,000/1 100/1 1,000/1

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

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

LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS

Please refer to the website for current load structure

30

Date of inception

Current Value of Investment if ` 10,000 was invested on

inceptiondate

Since InceptionCAGR (%)

5 Years CAGR (%)

3 Years CAGR (%)

1 Year CAGR (%)

FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 3 SCHEMES)Axis Equity Fund - Growth

05-Jan-1023,760 11.96% 17.51% 10.71% 14.51%

Nifty 50 (Benchmark) 18,791 8.59% 13.52% 7.60% 12.88%S&P BSE Sensex (Additional Benchmark) 17,941 7.93% 12.72% 5.98% 11.52%Axis Equity Fund - Direct Plan - Growth@@

01-Jan-1320,525 16.66% - 11.94% 15.85%

Nifty 50 (Benchmark) 16,666 11.57% - 7.60% 12.88%S&P BSE Sensex (Additional Benchmark) 16,205 10.90% - 5.98% 11.52%Axis Midcap Fund - Growth

18-Feb-1130,710 18.72% 22.94% 13.60% 14.29%

S&P BSE Midcap (Benchmark) 23,327 13.83% 20.93% 18.60% 17.57%Nifty 50 (Additional Benchmark) 18,168 9.56% 13.52% 7.60% 12.88%Axis Midcap Fund - Direct Plan - Growth@@

01-Jan-1323,725 20.34% - 14.99% 15.63%

S&P BSE Midcap (Benchmark) 21,590 17.93% - 18.60% 17.57%Nifty 50 (Additional Benchmark) 16,666 11.57% - 7.60% 12.88%

FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 4 SCHEMES)Axis Long Term Equity Fund - Growth*

29-Dec-0938,327 19.13% 23.87% 15.01% 14.83%

S&P BSE 200 (Benchmark) 19,937 9.40% 15.32% 10.22% 15.02%Nifty 50 (Additional Benchmark) 19,117 8.81% 13.52% 7.60% 12.88%Axis Long Term Equity Fund - Direct Plan - Growth*@@

01-Jan-1327,143 23.86% - 16.38% 16.11%

S&P BSE 200 (Benchmark) 17,719 13.04% - 10.22% 15.02%Nifty 50 (Additional Benchmark) 16,666 11.57% - 7.60% 12.88%Axis Focused 25 Fund - Growth@@

29-Jun-1224,400 18.81% 19.33% 16.89% 22.18%

Nifty 50 (Benchmark) 18,788 12.96% 13.52% 7.60% 12.88%S&P BSE 200 (Additional Benchmark) 20,273 14.63% 15.32% 10.22% 15.02%Axis Focused 25 Fund - Direct Plan - Growth@@

01-Jan-1322,136 18.57% - 18.40% 23.67%

Nifty 50 (Benchmark) 16,666 11.57% - 7.60% 12.88%S&P BSE 200 (Additional Benchmark) 17,719 13.04% - 10.22% 15.02%

FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 5 SCHEMES)Axis Equity Saver Fund - Growth@

14-Aug-1511,460 6.88% - - 8.32%

CRISIL MIP Blended Index (Benchmark) 12,186 10.13% - - 9.93%Nifty 50 (Additional Benchmark) 11,643 7.70% - - 12.88%Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-1511,760 8.23% - - 9.70%

CRISIL MIP Blended Index (Benchmark) 12,186 10.13% - - 9.93%Nifty 50 (Additional Benchmark) 11,643 7.70% - - 12.88%Axis Triple Advantage Fund - Growth

23-Aug-10


17,671 8.44% 7.88% 7.66%6.29%

Crisil 10 Year Gilt Index (Additional Benchmark) 16,850 7.71% 8.47% 11.03% 8.97%Axis Triple Advantage Fund - Direct Plan Growth@@

01-Jan-13


13,872 7.27% - 7.66%6.29%

Crisil 10 Year Gilt Index (Additional Benchmark) 14,390 8.11% - 11.03% 8.97%Axis Dynamic Bond Fund - Growth

27-Apr-1117,547 9.26% 9.37% 10.54% 8.71%

Crisil Composite Bond Fund Index (Benchmark) 17,604 9.31% 9.58% 11.01% 9.31%Crisil 10 Year Gilt Index (Additional Benchmark) 16,213 7.91% 8.47% 11.03% 8.97%Axis Dynamic Bond Fund - Direct Plan - Growth@@

01-Jan-1315,898 10.45% - 11.77% 9.66%

Crisil Composite Bond Fund Index (Benchmark) 15,284 9.52% - 11.01% 9.31%Crisil 10 Year Gilt Index (Additional Benchmark) 14,390 8.11% - 11.03% 8.97%Axis Capital Protection Oriented Fund - Series 5 #@@

02-Nov-1214,834 8.51% - 4.74% 8.15%

Crisil MIP Blended Fund Index (Benchmark) 15,909 10.09% - 10.63% 9.93%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,038 7.28% - 7.48% 6.24%Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1511,947 10.82% - -

9.12%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%

Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1512,283 12.61% - -

10.91%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1511,946 10.81% - - 9.11%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1512,361 13.02% - - 11.23%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%

FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 4 SCHEMES)Axis Triple Advantage Fund - Growth

23-Aug-10


17,671 8.44% 7.88% 7.66% 6.29%

Crisil 10 Year Gilt Index (Additional Benchmark) 16,850 7.71% 8.47% 11.03% 8.97%Axis Triple Advantage Fund - Direct Plan Growth@@

01-Jan-13


13,872 7.27% - 7.66% 6.29%

Crisil 10 Year Gilt Index (Additional Benchmark) 14,390 8.11% - 11.03% 8.97%Axis Income Saver - Growth #

16-Jul-10

17,987 8.58% 10.37% 8.40% 7.17%Crisil MIP Blended Fund Index (Benchmark) 18,456 8.97% 10.30% 10.63% 9.93%CRISIL 10 year Gilt Index (Additional Benchmark) 16,573 7.34% 8.47% 11.03% 8.97%

Axis Income Saver - Direct Plan - Growth #@@

04-Jan-1316,284 11.04% - 9.98% 8.59%

Crisil MIP Blended Fund Index (Benchmark) 15,515 9.89% - 10.63% 9.93%CRISIL 10 year Gilt Index (Additional Benchmark) 14,321 8.02% - 11.03% 8.97%Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1511,947 10.82% - - 9.12%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1512,283 12.61% - - 10.91%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1511,946 10.81% - - 9.11%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1512,361 13.02% - - 11.23%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,439 13.43% - - 11.26%Nifty 50 (Additional Benchmark) 12,878 15.73% - - 12.88%

FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 4 SCHEMES)Axis Liquid Fund - Growth

09-Oct-0918,476 8.08% 8.34% 7.82% 6.82%

Crisil Liquid Fund Index (Benchmark) 17,963 7.70% 8.21% 7.74% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,496 6.54% 7.30% 7.50% 6.24%Axis Liquid Fund - Direct Plan - Growth@@

31-Dec-1214,561 8.38% - 7.89% 6.90%

Crisil Liquid Fund Index (Benchmark) 14,469 8.23% - 7.74% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,863 7.25% - 7.50% 6.24%Axis Liquid Fund - Retail Plan - Growth

01-Mar-1017,601 7.82% 7.80% 7.26% 6.24%

Crisil Liquid Fund Index (Benchmark) 17,762 7.95% 8.21% 7.74% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,332 6.75% 7.30% 7.50% 6.24%Axis Treasury Advantage Fund - Growth

09-Oct-0918,671 8.23% 8.49% 8.07% 7.10%

Crisil Liquid Fund Index (Benchmark) 17,963 7.70% 8.21% 7.72% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,496 6.54% 7.30% 7.48% 6.24%Axis Treasury Advantage Fund - Direct Plan - Growth@@

01-Jan-1314,901 8.92% - 8.56% 7.69%

Crisil Liquid Fund Index (Benchmark) 14,466 8.24% - 7.72% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,857 7.24% - 7.48% 6.24%Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-1017,533 7.77% 7.75% 7.44% 6.58%

Crisil Liquid Fund Index (Benchmark) 17,751 7.95% 8.21% 7.72% 6.76%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,330 6.76% 7.30% 7.48% 6.24%Axis Banking & PSU Debt Fund - Growth@@

08-Jun-1215,459 8.68% 8.61% 8.39% 7.95%

Crisil Short Term Bond Fund Index (Benchmark) 15,749 9.07% 9.04% 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,451 7.29% 7.30% 7.48% 6.24%

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st August 2017)

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. W.e.f January 1st, 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. The above data excludes performance of direct plans of schemes which have not completed a year.

31

Date of inceptionCurrent Value of Investment if ` 10,000 was invested on

inception date

Since InceptionCAGR (%)

5 Years CAGR (%)

3 Years CAGR (%)

1 Year CAGR (%)

Axis Banking & PSU Debt Fund - Direct Plan - Growth@@

01-Jan-1314,806 8.78% - 8.58% 8.13%

Crisil Short Term Bond Fund Index (Benchmark) 14,981 9.05% - 9.10% 8.16%Crisil 1 Year T-Bill Index (Additional Benchmark) 13,857 7.24% - 7.48% 6.24%

FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 4 SCHEMES) Axis Equity Saver Fund - Growth@

14-Aug-1511,460 6.88% - - 8.32%

CRISIL MIP Blended Index (Benchmark) 12,186 10.13% - - 9.93%Nifty 50 (Additional Benchmark) 11,643 7.70% - - 12.88%Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-1511,760 8.23% - - 9.70%

CRISIL MIP Blended Index (Benchmark) 12,186 10.13% - - 9.93%Nifty 50 (Additional Benchmark) 11,643 7.70% - - 12.88%Axis Small Cap Fund - Growth@@

29-Nov-1325,500 28.30% - 16.60% 13.43%

Nifty Free Float Smallcap 100 (Benchmark) 24,336 26.72% - 15.62% 25.55%Nifty 50 (Additional Benchmark) 16,059 13.44% - 7.60% 12.88%Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-1326,590 29.74% - 17.89% 14.66%

Nifty Free Float Smallcap 100 (Benchmark) 24,336 26.72% - 15.62% 25.55%Nifty 50 (Additional Benchmark) 16,059 13.44% - 7.60% 12.88%

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 14 - Growth

02-Sep-1411,894 5.96% - - 9.26%

Crisil MIP Blended Fund Index (Benchmark) 13,500 10.53% - - 9.93%Crisil 1 yr Tbill Index (Additional Benchmark) 12,413 7.48% - - 6.24%Axis Hybrid Fund - Series 14 - Direct Plan - Growth

02-Sep-1412,361 7.33% - - 10.53%

Crisil MIP Blended Fund Index (Benchmark) 13,500 10.53% - - 9.93%Crisil 1 yr Tbill Index (Additional Benchmark) 12,413 7.48% - - 6.24%Axis Hybrid Fund - Series 24 - Growth

17-Jun-1511,255 5.50% - - 9.26%

CRISIL MIP Blended Fund Index (Benchmark) 12,505 10.65% - - 9.93%CRISIL 1 yr Tbill Index (Additional Benchmark) 11,622 7.04% - - 6.24%Axis Hybrid Fund - Series 24 - Direct Plan - Growth

17-Jun-1511,564 6.80% - - 10.77%

CRISIL MIP Blended Fund Index (Benchmark) 12,505 10.65% - - 9.93%CRISIL 1 yr Tbill Index (Additional Benchmark) 11,622 7.04% - - 6.24%Axis Hybrid Fund - Series 15 - Growth

17-Sep-1411,789 5.73% - - 9.17%

CRISIL MIP Blended Fund Index (Benchmark) 13,469 10.60% - - 9.93%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,371 7.46% - - 6.24%Axis Hybrid Fund - Series 15 - Direct Plan - Growth

17-Sep-1412,170 6.87% - - 10.44%

CRISIL MIP Blended Fund Index (Benchmark) 13,469 10.60% - - 9.93%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,371 7.46% - - 6.24%

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 7 - Growth #@@

05-Sep-1313,048 6.90% - 1.67% -2.46%

CRISIL MIP Blended Index (Benchmark) 15,504 11.62% - 10.63% 9.93%CRISIL 1 Year T-Bill (Additional Benchmark) 13,439 7.69% - 7.48% 6.24%Axis Hybrid Fund - Series 7 - Direct Plan - Growth #@@

05-Sep-13- - - - -

CRISIL MIP Blended Index (Benchmark) - - - - -CRISIL 1 Year T-Bill (Additional Benchmark) - - - - -Axis Hybrid Fund - Series 6 - Growth #@@

16-Aug-1313,039 6.78% - 1.53% -3.09%

CRISIL MIP Blended Index (Benchmark) 15,891 12.14% - 10.63% 9.93%CRISIL 1 Year T-Bill (Additional Benchmark) 13,544 7.79% - 7.48% 6.24%Axis Hybrid Fund - Series 6 - Direct Plan - Growth #

16-Aug-1313,557 7.82% - 2.53% -2.15%

CRISIL MIP Blended Index (Benchmark) 15,891 12.14% - 10.63% 9.93%CRISIL 1 Year T-Bill (Additional Benchmark) 13,544 7.79% - 7.48% 6.24%Axis Hybrid Fund - Series 5 - Growth #

25-Jul-1312,676 5.95% - 1.60% -4.21%


25-Jul-1313,183 6.96% - 2.59% -3.29%

CRISIL MIP Blended Index (Benchmark) 15,421 11.13% - 10.63% 9.93%CRISIL 1 Year T-Bill (Additional Benchmark) 13,572 7.73% - 7.48% 6.24%

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 43 SCHEMES)Axis Regular Savings Fund - Growth

28-Mar-1216,410 9.55% 9.52% 10.63% 9.43%

CRISIL Composite Bond Fund Index (Benchmark) 16,411 9.55% 9.58% 11.01% 9.31%CRISIL 10 Year Gilt Index (Additional Benchmark) 15,720 8.69% 8.47% 11.03% 8.97%Axis Regular Savings Fund - Direct Plan - Growth

7-Jan-1315,742 10.25% - 11.62% 10.08%

CRISIL Composite Bond Fund Index (Benchmark) 15,220 9.45% - 11.01% 9.31%CRISIL 10 Year Gilt Index (Additional Benchmark) 14,283 7.97% - 11.03% 8.97%Axis Hybrid Fund - Series 14 - Growth

02-Sep-1411,894 5.96% - - 9.26%


02-Sep-1412,361 7.33% - - 10.53%

Crisil MIP Blended Fund Index (Benchmark) 13,500 10.53% - - 9.93%Crisil 1 yr Tbill Index (Additional Benchmark) 12,413 7.48% - - 6.24%Axis Hybrid Fund - Series 24 - Growth

17-Jun-1511,255 5.50% - - 9.26%


17-Jun-1511,564 6.80% - - 10.77%

Crisil MIP Blended Fund Index (Benchmark) 12,505 10.65% - - 9.93%Crisil 1 yr Tbill Index (Additional Benchmark) 11,622 7.04% - - 6.24%

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 43 SCHEMES)Axis Hybrid Fund - Series 5- Growth #@@

25-Jul-1312,676 5.95% - 1.60% -4.21%


25-Jul-1313,183 6.96% - 2.59% -3.29%

CRISIL MIP Blended Index (Benchmark) 15,421 11.13% - 10.63% 9.93%CRISIL 1 Year T-Bill (Additional Benchmark) 13,572 7.73% - 7.48% 6.24%Axis Gold Fund - Growth

20-Oct-119,288 -1.25% -4.10% -1.76% -9.41%

Domestic Price of Gold 10,323 0.54% -1.98% 2.37% -5.06%Additional Benchmark Not ApplicableAxis Gold Fund - Direct Plan@@

01-Jan-138,614 -3.15% - -0.55% -8.61%

Domestic Price of Gold 9,171 -1.84% - 2.37% -5.06%Additional Benchmark Not ApplicableAxis Gold ETF

10-Nov-1013,065 4.00% -2.57% -0.02% -9.61%

Domestic Price of Gold 13,432 4.43% -1.98% 2.37% -5.06%Additional Benchmark Not Applicable

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st August 2017)

32

Past performance may or may not be sustained in 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 Exchange Traded Fund 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 Series 1 and Series 2 since inception.

Shreyash Devalkar is managing Axis Equity Fund and Axis Midcap Fund since 23rd November 2016 and Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception.

Anupam Tiwari is managing Axis Equity Saver Fund and Axis Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th Dec 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception.

Ashwin Patni is managing Axis Enhanced Arbitrage Fund, Axis Capital Protection 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 Dynamic Equity Fund since inception.

Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Constant Maturity 10 Year Fund , Axis Regular Savings 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 Fixed Income Opportunities Fund and Axis Enhanced Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Income Saver (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 Opportunities Fund since July 13th, 2017.

Ashish Naik is managing the equity portion of Axis Income Saver 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.

Aditya Pagaria is managing Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund since 13th August, 2016.

R. Siva Kumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection 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.

Weighted Average Expense Ratio for the MonthScheme - Regular Plan / Direct Plan : Axis Hybrid Fund - Series 5: 2.45% / 1.60%, Axis Hybrid Fund - Series 6: 2.45% / 1.60%, Axis Hybrid Fund - Series 7: 2.45 % / -, Axis Hybrid Fund - Series 9: 1.32% / 0.77%, Axis Hybrid Fund - Series 11: 2.31% / 1.36%, Axis Hybrid Fund - Series 12: 2.28% / 1.33%, Axis Hybrid Fund - Series 13 : 2.17% / 1.22%, Axis Hybrid Fund - Series 14 : 2.17% / 1.17%, Axis Hybrid Fund - Series 15 : 2.26% / 1.26%, Axis Hybrid Fund - Series 18 : 2.18% / 1.13%, Axis Hybrid Fund - Series 19 : 2.27% / 1.22%, Axis Hybrid Fund - Series 22 : 2.04% / 0.85%, Axis Hybrid Fund - Series 23 : 2.06% /0.87%, Axis Hybrid Fund - Series 24 : 2.01% / 0.82%, Axis Hybrid Fund - Series 25 : 2.14% / 0.95%, Axis Hybrid Fund - Series 26 : 2.12% / 0.93%, Axis Hybrid Fund - Series 27 : 2.08% /0.89%, Axis Hybrid Fund - Series 28 : 2.09% / 0.90%, Axis Hybrid Fund - Series 29 : 2.24% / 1.05%, Axis Hybrid Fund - Series 30 : 2.19% / 1.00%, Axis Hybrid Fund - Series 31 : 2.10% / 0.80%, Axis Hybrid Fund - Series 32 : 2.07% / 1.07%, Axis Hybrid Fund - Series 33 : 2.07% / 0.77%, Axis Hybrid Fund - Series 35 : 2.13% / 0.83%, Axis Liquid Fund : 0.10% / 0.05%, Axis Treasury Advantage Fund : 0.90% / 0.25%, Axis Banking & PSU Debt Fund : 0.35% / 0.20%, Axis Short Term Fund : 0.84% / 0.25%, Axis Dynamic Bond Fund : 1.30% / 0.55%, Axis Constant Maturity 10 Year Fund : 0.65% / 0.20%, Axis Regular Savings Fund : 1.00% / 0.50%, Axis Gold ETF : 1.00% / -, Axis Nifty ETF: 0.07% / -, Axis Gold Fund* :1.00% / 0.15%, Axis Fixed Income Opportunities Fund* : 1.42% / 0.30%, Axis Enhanced Arbitrage Fund : 0.95% / 0.25%, Axis Corporate Debt Opportunities Fund : 1.00% / 0.25%, Axis Income Saver* : 2.15% / 1.29%, Axis Long Term Equity Fund*: 1.97% / 1.27%, Axis Focused 25 Fund* : 2.12% / 1.41%, Axis Equity Fund* : 2.11% / 1.01%, Axis Triple Advantage Fund* : 1.75% / 0.93%, Axis Midcap Fund* : 2.20% / 1.39%, Axis Equity Saver Fund* : 2.40% / 1.62%, Axis Small Cap Fund : 2.51% / 1.56%, Axis Children’s Gift Fund* : 2.53% / 1.11%, Axis Dynamic Equity Fund : 2.09% / 0.87,Axis Capital Protection Oriented Fund -Series 5: 2.45% / -, Axis Emerging Opportunities Fund - Series 1: 2.23% / 0.93%, Axis Emerging Opportunities Fund - Series 2: 2.01% / 0.71%, Axis Equity Advantage - 1*Fund : 2.10/ 0.85, Axis Equity Advantage - 2 Fund : 2.50/ 0.90, Axis Fixed Maturity Plan - Series 49 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 52 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 64 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 67 : 0.02% / 0.02%, Axis Fixed Maturity Plan - Series 74 : 0.23% / 0.10%

Service Tax on Management fees to the above mentioned schemes will be charged over and above Total Expense Ratio *In addition to the rates mentioned a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes.

33

@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.$ Rating Details (Axis Short Term Fund & Axis Banking & PSU Debt Fund) Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.^ Rating Details (Axis Treasury Advantage Fund and Axis Liquid Fund)Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.

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.

34

Statutory Details & Disclaimers :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 Limited. Investment Manager: Axis Asset Management Company Limited (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of any of the mutual fund schemes launched

by the AMC. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

AXIS EQUITY FUND This product is suitable for investors who are seeking*� Capital appreciation over long term� Investment in a diversifi ed portfolio predominantly consisting of equity and equity related instruments of large cap companies

AXIS FOCUSED 25 FUND This product is suitable for investors who are seeking*� Capital appreciation over long term� Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies

AXIS LONG TERM EQUITY FUND This product is suitable for investors who are seeking*� Capital appreciation & generating income over long term� Investment in a diversifi ed portfolio predominantly consisting of equity and equity related instruments

AXIS MIDCAP FUND This product is suitable for investors who are seeking*� Capital appreciation over long term� Investment predominantly in equity and equity related instruments of mid size companies with focus on relatively larger companies within this category

AXIS TRIPLE ADVANTAGE FUND This product is suitable for investors who are seeking*� Capital appreciation & generating income over long term � Investment in a diversifi ed portfolio of equity and equity related instruments, fi xed income instruments & gold exchange traded funds

AXIS INCOME SAVER This product is suitable for investors who are seeking*� Capital appreciation while generating income over medium to long term � Investment in debt and money market instruments as well as equity and equity related instruments while managing risk through active asset allocation

AXIS GOLD ETF This product is suitable for investors who are seeking*� Capital Appreciation over medium to long term� Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking error

AXIS GOLD FUND This product is suitable for investors who are seeking*� Capital Appreciation over medium to long term� Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking error

AXIS EQUITY SAVER FUND This product is suitable for investors who are seeking*� Capital Appreciation while generating income over medium to long term� 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 instruments

AXIS CHILDREN’S GIFT FUND This product is suitable for investors who are seeking*� Capital appreciation & generating income over medium to long term� Investment in debt and money market instruments as well as equity and equity related instruments

AXIS DYNAMIC EQUITY FUND This product is suitable for investors who are seeking*� Capital appreciation & generating income over medium to long term� Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocation

AXIS CONSTANT MATURITY 10 YEAR FUND This product is suitable for investors who are seeking*� Credit risk free returns over medium to long term� Investment mainly in Government securities to generate returns similar to that of 10 year government bonds

AXIS DYNAMIC BOND FUND This product is suitable for investors who are seeking*� Optimal returns over medium to long term� To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instruments

AXIS CORPORATE DEBT OPPORTUNITIES FUND This product is suitable for investors who are seeking*� Regular income over short to medium - term� Predominantly investing in corporate debt

AXIS REGULAR SAVINGS FUND This product is suitable for investors who are seeking*� Optimal returns over medium term� Investment in diversifi ed portfolio of high quality debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity

AXIS ENHANCED ARBITRAGE FUND This product is suitable for investors who are seeking*� Income over short to medium term� Investment in arbitrage opportunities in the cash & derivatives segment of the equity market

AXIS FIXED INCOME OPPORTUNITIES FUND This product is suitable for investors who are seeking*� Stable returns in the short to medium term� Investment in debt and money market instruments across the yield curve and credit spectrum

AXIS SHORT TERM FUND This product is suitable for investors who are seeking*� Regular income while maintaining liquidity over short to medium term � Investment in debt and money market instruments

AXIS BANKING & PSU DEBT FUND This product is suitable for investors who are seeking* � Regular income over short to medium term� Investment in debt and money market instruments issued by banks, PFIs & PSUs

AXIS TREASURY ADVANTAGE FUND This product is suitable for investors who are seeking*� Regular income over short term� Investment in debt and money market instruments

AXIS LIQUID FUND This product is suitable for investors who are seeking*� Regular income over short term� Investment in debt and money market instruments

PRODUCT LABELLING

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH

Moderate ModeratelyHighModerately

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 low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat low risk

LOW HIGH


Low

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

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 Limited. Investment Manager: Axis Asset Management Company Limited (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation

of any of the mutual fund schemes launched by the AMC. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Date post:	03-Jul-2020
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The rates are applicable for the financial year 2017-18 as per … Factsheet... · 2017-09-21 ·...

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