axis flexi cap fund

Axis Flexi Cap Fund(An open ended equity scheme investing across large cap, mid cap, small cap stocks)

Flexi caps offer attractive opportunity for long term

Why flexi cap Investing?

2

Bottom-up stock selection is key for building credible portfolio

Risk return trade-off is likely to be favorable

Good ideas can do better irrespective of its sector/theme/size

Access to entire market spectrum and opportunities to focus on fast growing sectors

Investment Approach

Introducing Axis Flexi Cap Fund

3

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Large Cap: 1st -100th company interms of full market capitalization, Mid Cap: 101st -250th company in terms of full market capitalization, Small Cap: 251st company onwards in terms of full market capitalization. * As per internalinvestment policy and subject to change at the discretion of the fund manager.

QUALITY

High conviction ideas with improved risk- adjusted return characteristics

GROWTH

Look for stocks that are expected to report the faster growth relative to the benchmark

Axis Philosophy Fund Strategy

INFLECTION POINT

Aims to look for stocks that are at inflection point

DIVERSIFIED PORTFOLIO

Invests across market cap spectrum

(Typically 50-100% in large cap & 0-50% in mid & small cap)*

Inflection point Investing: Anchors for company selection

Our Approach

4

• Sustainable earnings growth potential

• Credible management

• Acceptable liquidity

Investment

thesisInflection

point thesisConviction

Helps to determine ‘Why act

now?’ It looks at

Identifies company with

• Active Idea Generation

• Bottom up stock picking

• Benchmark/Sector Agnostic

• All cap focus

Portfolio Characteristics

• Market Share Gain due to Competitive Advantage

• Industry Consolidation

• Sunrise Industry

• Improved management focus & Capital Allocation

• Regulatory & Policy Changes

Market Share Gain due to Competitive

Advantage

Private Sector Banks, Textiles

Sunrise Industry

E-Commerce, Retailing, Fin-tech

Industry Consolidation

Global Auto Ancillaries, Cement, Telecom,

Airlines

Improved management focus & Capital

Allocation

Stock specific

Regulatory & Policy Changes

Real Estate, Global Chemicals, Oil

marketing companies

Inflection Points

5

Stock(s) / Issuer(s) / Sector(s) mentioned above are for the purpose of illustration and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

Sector: Finance

• A leading provider of Housing Finance in India with anetwork of 530 offices catering to over 2,400 towns & citiesspread across the country.

• Amid rising interest rates and liquidity tightening, housingfinance companies (HFCs) could face pressure on margins.However, this company is expected to wade out of thecurrent tightness given its competitive edge over its peersbacked by strong growth in business, flexible borrowingprofile, stable margin and well-managed asset quality.

• Further, it being a market leader in retail lending space, hassuccessful sailed through sector headwinds in the past.

Market Share Gain due to Competitive Advantage

Illustrations

6

Source: Bloomberg. Axis MF Research

Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of illustration and should not be construed asrecommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors beforetaking any investment decision(s).

% p.a.

Price growth (5 years) 14%

Net worth growth (FY20E) 11%

ROE (FY 20E) 16%

90

140

190

240

290

340

Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20

Stock A Nifty 50 Index

Sector: Retailing

• A leader in the organized low cost retailing segment with alarge presence across Maharashtra, Gujarat & AP/Telangana where the bulk of its stores are currentlypresent.

• The company has a unique business model of land ownedstores in relatively high residential areas which offers acaptive long term market for its retailing services.

• Strong financials, promoter pedigree and healthy ROEnumbers

Sunrise Industry

Illustrations

7



0

200

400

600

800

1,000

Mar-

17

May-1

7

Jul-1

7

Sep-1

7

Nov-1

7

Jan-1

8

Mar-

18

May-1

8

Jul-1

8

Sep-1

8

Nov-1

8

Jan-1

9

Mar-

19

May-1

9

Jul-1

9

Se

p-1

9

Nov-1

9

Jan-2

0

Stock B Nifty 50 Index

% p.a.

Price CAGR (Since IPO) 105%

PAT Growth (FY20E) 47%

ROE (FY20E) 22%

Sector: Consumer

• India’s leading watch manufacturer and retailer. Gradually,jewellery, precision engineering, eyewear, accessories, andlicensed products were added to the watches portfolio.

• Jewellery business now contributes ~80% to sales with oneof their jewellery brands being the largest and most reputedjeweller in the organized space.

• The company has the ability to create significant value withits large distribution presence, strong brand, designing skillsand proven execution track record.

Industry Consolidation

Illustrations

8

Source: Bloomberg, Axis MF Research


% p.a.

Price CAGR (5 Year) 25%

PAT Growth (FY20E) 9.5%

ROE (FY20E) 25%

90

190

290

390

490

590

690


Stock C Nifty 50 Index

Sector: Finance

• India’s second largest bank and the largest among private banks in terms of total assets. Further, the Bank has a large footprint of 4,867 domestic branches and 14,417 ATMs spread across the country.

• Private banks are best placed to gain market share from potential consolidation among NBFCs, given their stronger CASA and capital ratios.

• The management shifts have de-centralised decision-making, enjoying higher retail-segment shares

• Earnings are expected to improve remarkably given stableimprovement in NIM with improving share of superior-yield retaillending and increasing granularity in deposit franchise.

Inflection point: Improved Management

Illustrations

9



% p.a.

Price growth (5 years) 13%

ROE (FY20E) 9.7%

PAT growth (FY20E) 224%

90

140

190

240

290

340


Stock D Nifty 50 Index

Sector: Finance

• One of the largest Asset Management Companies (AMC) inIndia. The company has been a leader in the Indian mutual fundindustry in terms of profitability, equity oriented AUM size andtotal average AUM.

• Through organic growth and couple of acquisitions, the companyhas grown to one of the top 2 AMCs in the country.

• The recent cut on the maximum permissible limits for expenseratios charged to mutual fund investors affected the larger AMCs.

• However, the company continues to have robust return oncapital and growth prospects.

Regulatory Policy change

Illustrations

10



% p.a.

Price CAGR (Since Inception) 108%

PAT growth (FY20E) 38%

ROE (FY20E) 39%

0

100

200

300

400

Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20

Stock E Nifty 50 Index

Axis Flexi cap Fund(An open ended equity scheme investing across large cap, mid cap, small cap stocks)

11

Scheme Name

Axis Flexi Cap Fund

Type

An Open-ended Equity Scheme investing across large cap, mid

cap, small cap stocks

Benchmark

NIFTY 500 Index TRI

Fund Manager

Shreyash Devalkar

Minimum Investment

Rs. 5,000 and in multiples of Re. 1/- thereafter

Plans : Regular/ Direct

Options : Growth, Dividend Facility : Payout/Reinvestment

Features at glance

12

Portfolio Allocation: Invests primarily in Multicap companies

13

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. For detailed asset allocation, please refer to the Scheme information document (SID)

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

No

v-1

7

Dec-1

7

Jan-1

8

Feb

-18

Mar-

18

Ap

r-1

8

May-1

8

Jun-1

8

Jul-18

Au

g-1

8

Se

p-1

8

Oct-

18

Nov-1

8

Dec-1

8

Jan-1

9

Feb

-19

Mar-

19

Ap

r-1

9

May-1

9

Jun-1

9

Jul-19

Au

g-1

9

Se

p-1

9

Oct-

19

Nov-1

9

Dec-1

9

Jan-2

0

Fe

b-2

0

Mar-

20

Ap

r-2

0

May-2

0

Jun-2

0

Jul-20

Au

g-2

0

Se

p-2

0

Oct-

20

Nov-2

0

Dec-2

0

Jan-2

1

Feb

-21

Mar-

21

Ap

r-2

1

May-2

1

Jun-2

1

Jul-21

Au

g-2

1

Large Cap Mid Cap Small Cap Debt Cash & Others

Top 10 Stocks

Top 5 Sectors

Software

19.49% Banks

17.75%

Cement & Cement Products

6.41% Retailing

9.12% Finance

13.65%

81.4%

83.8% 8.9% 6.5%

Current Market cap split

(%NAV)

As on 31st August 2021

Current portfolio

Exposure as % of Net assets. Source : ValueFY, ACEMF. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fundmanager’s view of the equity markets. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250thcompany in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. Past performance may or may not be sustained in the future. Stock(s) /Issuer(s)/ Top stocks with increased or decreased exposure mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendationto buy/sell/ hold. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Data As on 31st August 2021.

14

Large Cap Mid Cap Small Cap

2.59%

2.95%

3.05%

3.08%

6.28%

6.68%

6.76%

7.62%

7.67%

9.59%

Motherson Sumi Systems Limited

Housing Development Finance Corporation

Limited

UltraTech Cement Limited

Divi's Laboratories Limited

Avenue Supermarts Limited

ICICI Bank Limited

Tata Consultancy Services Limited

HDFC Bank Limited

Infosys Limited

Bajaj Finance Limited

Changes made to the portfolio over the last 1 year

Portfolio Changes

Exposure as % of Net assets. Source : ValueFY, ACEMF. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fundmanager’s view of the equity markets. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250thcompany in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. Past performance may or may not be sustained in the future. Stock(s) /Issuer(s)/ Top stocks with increased or decreased exposure mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendationto buy/sell/ hold. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Data As on 31st August 2021.

Top stocks with increased

exposure/entries

Change in exposure

(%) over last year

Top stocks with reduced exposure/

exits

Change in exposure (%)

over last year

ICICI Bank Ltd 2.96% Kotak Mahindra Bank Ltd -4.31%

Ambuja Cements Ltd 1.95% Bharti Airtel Ltd -3.54%

Bajaj Finance Ltd 1.92% Reliance Industries Ltd -3.22%

Ultratech Cement Ltd 1.90% Hindustan Unilever Ltd -2.99%

Info Edge India Ltd 1.87% Dr Reddys Laboratories Ltd -2.29%

15

Good run for the fund despite volatile market scenario

Performance

16

Past performance may or may not be sustained in future. Since inception (20th November 2017) returns is calculated on Rs.10 invested at inception. Different plans have different expense structure. Shreyash Devalkar is managing the scheme since 20th November 2017 and he manages 4 schemes of Axis Mutual Fund & Hitesh Das is managing the scheme since 2nd November 2020 and he manages 15 schemes of Axis Mutual Fund .Returns greater than 1 year period are compounded annualised (CAGR). Performance of other schemes managed by the fund manager are made available in Annexure.

1 Year 3 Year 5 Year Since Inception

CAGR

(%)

Current Value of

investment of Rs.

10,000

CAGR

(%)

Current Value of

investment of Rs.

10,000

CAGR

(%)

Current Value of

investment of Rs.

10,000

CAGR

(%)

Current Value of

investment of Rs.

10,000

Axis Flexi Cap Fund - Regular Plan - Growth 56.21% 15,621 17.82% 16,362 NA NA 18.47% 18,980

Nifty 500 TRI (Benchmark) 56.94% 15,694 14.59% 15,054 NA NA 14.33% 16,589

Nifty 50 TRI (Additional Benchmark) 52.24% 15,224 14.94% 15,192 NA NA 15.84% 17,437

Axis Flexi Cap Fund - Regular Plan - Growth

Nifty 500 TRI Index

20th November 2017

Rs 10,000

31st August 2021

Rs. 18,980

Rs. 16,589

31st August 2021

SIP Performance

17

Past performance may or may not be sustained in future. Since inception (20th November 2017) returns is calculated on Rs. 10 invested at inception. Different plans have different expensestructure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since inception and he manages 4 schemes of Axis Mutual Fund.Hitesh Das is managing the scheme since inception and he manages 15 schemes of Axis Mutual Fund. Returns greater than 1 year are Compounded Annual Growth Rates(CAGR). Aboveinvestment simulation is for illustration purpose only and should not be construed as a promise on minimum returns and safeguard of capital. Above calculation is based on Regular Plan - GrowthOption NAV. Assuming Rs. 10,000 invested systematically on the first business day of every month over a period of time. SIP returns are computed after accounting for the cash flow by usingXIRR method (investment internal rate of return).

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

Total Amount Invested 4,60,000 NA 3,60,000 1,20,000

Market value as on August 31, 2021 7,35,297 NA 5,53,017 1,54,283

Returns (Annualized) 25.14% NA 29.97% 56.91%

Benchmark Returns (Annualized) 23.31% NA 29.43% 54.57%

Additional Benchmark Returns (Annualized) 22.75% NA 27.62% 50.48%

Annexures, Disclaimers & Risk Factors

18

SEBI Prescribed Performance Annexures

Annexure

19

Data As on 31st August 2021. Past performance may or may not be sustained in future. Calculations are based on Regular Plan - Growth Option NAV and Direct Plan – Growth Option NAV,as applicable. Different plans have different expense structure. Face value per unit is Rs 10.

Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 since inception and Axis Flexi Cap Fund since 20th November 2017. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization

Return of scheme managed by Shreyash Devalkar (Total Schemes Managed: 4 Schemes) (As on 31st August 2021)

Fund NameDate of

inception

1 Year 3 Years 5 Years Since Inception

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Bluechip Fund - Regular Plan - Growth

05-Jan-10

50.62% 15,062 17.12% 16,072 17.39% 22,299 14.04% 46,270

Nifty 50 TRI (Benchmark) 52.24% 15,224 14.94% 15,192 15.70% 20,738 11.99% 37,430

S&P BSE SENSEX TRI (Additional

Benchmark)50.55% 15,055 15.49% 15,412 16.48% 21,451 12.20% 38,264

Axis Bluechip Fund - Direct Plan - Growth

01-Jan-13

52.45% 15,245 18.56% 16,674 18.87% 23,744 18.03% 42,069

Nifty 50 TRI (Benchmark) 52.24% 15,224 14.94% 15,192 15.70% 20,738 14.38% 32,056

S&P BSE SENSEX TRI (Additional

Benchmark)50.55% 15,055 15.49% 15,412 16.48% 21,451 14.77% 33,016

Axis Midcap Fund - Regular Plan - Growth

18-Feb-11

64.22% 16,422 20.82% 17,648 20.17% 25,076 19.84% 67,380

S&P BSE Midcap TRI (Benchmark) 64.42% 16,442 13.38% 14,580 13.72% 19,028 14.33% 41,014

Nifty 50 TRI (Additional Benchmark) 52.24% 15,224 14.94% 15,192 15.70% 20,738 12.86% 35,783

Axis Midcap Fund - Direct Plan - Growth

01-Jan-13

66.46% 16,646 22.42% 18,359 21.67% 26,679 21.67% 54,741




Annexure

20

Return of scheme managed by Shreyash Devalkar (Total Schemes Managed: 4 Schemes) (As on 31st August 2021)

Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Flexicap Fund - Regular Plan - Growth

20-Nov-17

56.21% 15,621 17.82% 16,362 NA NA 18.47% 18,980



Axis Flexicap Fund - Direct Plan - Growth

20-Nov-17

58.19% 15,819 19.52% 17,083 NA NA 20.26% 20,090



Axis Equity Advantage Fund - Series 1 -

Regular Plan - Growth

25-May-17

36.91% 13,691 12.50% 14,244 NA NA 13.15% 16,950

75% Nifty 50 TRI + 25% Crisil Composite

Bond Fund Index (Benchmark)39.26% 13,926 14.16% 14,881 NA NA 14.52% 17,842


Axis Equity Advantage Fund - Series 1 -

Direct Plan - Growth

25-May-17

38.00% 13,800 13.63% 14,675 NA NA 14.50% 17,830

75% Nifty 50 TRI + 25% Crisil Composite

Bond Fund Index (Benchmark)39.26% 13,926 14.16% 14,881 NA NA 14.52% 17,842



Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 since inception and Axis Flexi Cap Fund since 20th November 2017. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization


Annexure

21


Hitesh Das managing Axis Growth Opportunities Fund since inception. Axis ESG Equity Fund since inception. Axis Retirement Savings Fund which includes Aggressive Plan, Conservative Plan &Dynamic Plan since inception. Axis Global Equity Alpha Fund of Fund, Axis Greater China Equity Fund of Fund, Axis Special Situations Fund, Axis Global Innovation Fund of Fund, Axis QuantFund since inception. Axis Bluechip Fund, Axis Flexi Cap Fund and Axis Focused 25 Fund since 2nd November 2020. Axis Midcap Fund and Axis Small Cap Fund since 18th December,2020.

Return of scheme managed by Hitesh Das (Total Schemes Managed: 15 Schemes) (As on 31st August 2021)

Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Top 3 Schemes

Axis Small Cap Fund - Regular Plan - Growth

29-Nov-13

76.72% 17,672 25.67% 19,859 20.22% 25,125 25.00% 56,480

Nifty Smallcap 100 TRI (Benchmark) 85.26% 18,526 11.32% 13,798 11.80% 17,471 17.49% 34,922


Axis Small Cap Fund - Direct Plan - Growth

29-Nov-13

79.62% 17,962 27.51% 20,747 21.81% 26,831 26.57% 62,220

Nifty Smallcap 100 TRI (Benchmark) 85.26% 18,526 11.32% 13,798 11.80% 17,471 17.49% 34,922


Axis Midcap Fund - Regular Plan - Growth

18-Feb-11

64.22% 16,422 20.82% 17,648 20.17% 25,076 19.84% 67,380



Axis Midcap Fund - Direct Plan - Growth

01-Jan-13

66.46% 16,646 22.42% 18,359 21.67% 26,679 21.67% 54,741




Annexure

22




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Top 3 Schemes

Axis Growth Opportunities Fund - Regular

Plan - Growth22-Oct-18

62.19% 16,219 NA NA NA NA 27.78% 20,160

NIFTY Large Midcap 250 TRI (Benchmark) 61.33% 16,133 NA NA NA NA 23.13% 18,131

Nifty 50 TRI (Additional Benchmark) 52.24% 15,224 NA NA NA NA 21.15% 17,312

Axis Growth Opportunities Fund - Direct Plan

- Growth22-Oct-18

64.82% 16,482 NA NA NA NA 30.00% 21,180

NIFTY Large Midcap 250 TRI (Benchmark) 61.33% 16,133 NA NA NA NA 23.13% 18,131



Annexure

23




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-Bottom 3 Schemes

Axis Retirement Savings Fund - Aggressive

Plan - Regular Plan - Growth

20-Dec-19

39.26% 13,926 NA NA NA NA 19.95% 13,620

NIFTY 50 Hybrid Composite Debt 70:30

Index (Benchmark)37.17% 13,717 NA NA NA NA 20.00% 13,631


Axis Retirement Savings Fund - Aggressive

Plan - Direct Plan - Growth

20-Dec-19

41.62% 14,162 NA NA NA NA 22.01% 14,020




Axis Retirement Savings Fund - Dynamic


20-Dec-19

38.28% 13,828 NA NA NA NA 20.88% 13,800




Axis Retirement Savings Fund - Dynamic


20-Dec-19

40.75% 14,075 NA NA NA NA 23.08% 14,230





Annexure

24




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Bottom 3 Schemes

Axis Retirement Savings Fund - Conservative


20-Dec-19

19.01% 11,901 NA NA NA NA 13.03% 12,313

NIFTY 50 Hybrid Short Duration Debt 25:75


NIFTY 10 yr Benchmark G-Sec (Additional

Benchmark)4.44% 10,444 NA NA NA NA 5.95% 11,031

Axis Retirement Savings Fund - Conservative


20-Dec-19

21.12% 12,112 NA NA NA NA 15.05% 12,689

NIFTY 50 Hybrid Short Duration Debt 25:75


NIFTY 10 yr Benchmark G-Sec (Additional

Benchmark)4.44% 10,444 NA NA NA NA 5.95% 11,031

Product Labelling

25

Product Labelling

26

Product Labelling

27

Data updated As on 31st August 2021

Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose ofdisclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may notchoose to hold the stock mentioned, from time to time.

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 Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (theAMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Thisdocument represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision.Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associatesshall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Norepresentation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. TheAMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

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

Statutory Details and Risk Factors

28

Thank You

axis flexi cap fund

Documents