· axis strategic bond fund 20 axis credit risk fund 21 axis banking & psu debt fund 23 ......

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

6

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

Axis Arbitrage Fund 33

Fixed Income Outlook 13Axis Liquid Fund 14

Axis Dynamic Bond Fund 18

Axis Strategic Bond Fund 20Axis Credit Risk Fund 21

Axis Banking & PSU Debt Fund 23

Axis Equity Saver Fund 25

Axis Regular Saver Fund 30

Axis Children’s Gift Fund 31Axis Triple Advantage Fund 32

Axis Treasury Advantage Fund 16Axis Short Term Fund 17

Axis Gilt Fund 22

Tax Reckoner 2

Axis Corporate Debt Fund 19

Axis Dynamic Equity Fund 27

Hybrid Outlook 24

Axis Multicap Fund 12

Axis Ultra Short Term Fund 15

Axis Equity Hybrid Fund 29

I N D E X

NAV’s

Load Structure And Minimum Investment Amount

Annexure

Expense Ratios

Product Labeling

35

37

38

40

41

34SIP Performance Of Selected Schemes

EQUITYD E C E M B E R 2 0 1 8

RESPONSIBLE INVESTING – TIP FOR THE MONTH

6.4%

4.7%

12.0%

QUICK TAKE

KEY HIGHLIGHTS

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

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

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

MARKETS

CORPORATE

GLOBAL

Equity Markets rebounded this month as a significant fall in crude prices improved market sentiments. Frontline indices, S&P BSE Sensex & NIFTY 50 gained 5.1% and 4.7% respectively for the month. Mid and small caps remained tepid as sentiment continued to remain weak. NIFTY Midcap 100 Index & NIFTY Small cap 100 Index were up 1.8% & 2.5% respectively for the month.

Foreign Portfolio Investors (FPI) returned to Indian capital markets as global uncertainty, global fundamentals and cheaper valuations caught the eye of investors. The fall in crude and sharp corrections in August and September added to the market attractiveness in India. FPIs invested ~11,500 Cr across equity and debt markets during the month. Domestic mutual funds continue to support markets as retail investors remain bullish on the equity market story. SIP`s continue to sustain despite market volatility highlighting maturity of domestic investors.

Consumer price inflation eased to 3.31% in October from a downward revised print of 3.7% in September. Modest food inflation continues to be reason for lower than expected retail inflation. Core inflation, however, rose above 6 percent in October. GST numbers for October were at Rs 97,600 Cr. Lower GST numbers are likely to raise concerns over the fiscal math, given higher government capital expenditure considering elections are around the corner.

Crude oil saw its worst month in more than a decade as global politics and supply concerns saw crude tumble to its lowest levels this year. Significant production ramp over the last few quarters led the US to dethrone Saudi Arabia & Russia as the world’s largest oil producer in October 2018. Further, with the US allowing several countries, including India, to continue oil imports from Iran, the fears of a supply crunch from Iran have waned. The India crude basket ended the month at US$ 58.56/barrel down 23% this month.

Q2 FY19 GDP growth came in at 7.1% missing analysts’ estimates. The unexpected slowdown in GDP growth comes despite robust high frequency data and reasonable corporate earnings. The growth has largely been supported by government-enabled construction activity, electricity and public spending. On the positive side, the ongoing gradual improvement in private investment, robust harvest along with moderating oil prices could provide support to growth.

On the global front, The US & China agreed to a temporary truce on the side lines of the G-20 summit. This likely reduction in trade hostilities is seen as the first step to normalization of trade relations between the two largest trading partners.

The markets have seen bouts of volatility over the last few months and currently offer reasonable valuations in select pockets. While we are less pessimistic than 3 months ago given lower crude prices, we continue to remain cautious in the run up to election season and global macro factors. Knee jerk reactions to news events are likely to remain part and parcel of equity markets for the next few quarters. Hence, Investors are advised to deploy funds in a phased manner. Systematic investments into equity products could also help investors ride out short term volatility.

Investors

•

•

•

Do not Panic - Corrections are healthy.

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

Be fearful when others are greedy.

Distributors

•

•

•

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

Effective Portfolio Management Key.

Investors trust you. Be Responsible!

7

Source: Bloomberg, Axis MF Research.

Please refer to page no 35-36, 40, 41-42 for NAV, TER, Riskometer & Statutory Details.

Instrument Type/Issuer Name Industry % OF NAV

EQUITY 83.00%

HDFC Bank Limited Banks 10.08%

Kotak Mahindra Bank Limited Banks 7.83%

Bajaj Finance Limited Finance 6.82%

Maruti Suzuki India Limited Auto 5.70%

Tata Consultancy Services Limited Software 4.89%

ICICI Bank Limited Banks 4.83%

HDFC Limited Finance 4.41%

Avenue Supermarts Limited Retailing 3.92%

Nifty 50 Index Index 3.88%

Hindustan Unilever Limited Consumer Non Durables 3.62%

Titan Company Limited Consumer Durables 2.95%

Reliance Industries Limited Petroleum Products 2.94%

Nestle India Limited Consumer Non Durables 2.78%

Infosys Limited Software 2.72%

Bandhan Bank Limited Banks 2.63%

Pidilite Industries Limited Chemicals 2.44%

Bajaj Finserv Limited Finance 2.27%

Larsen & Toubro Limited Construction Project 2.15%

Asian Paints Limited Consumer Non Durables 1.74%

Britannia Industries Limited Consumer Non Durables 1.54%

Divi's Laboratories Limited Pharmaceuticals 1.09%

UltraTech Cement Limited Cement 0.95%

Wipro Limited Software 0.83%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.73%

DEBT, CASH & OTHER CURRENT ASSETS 16.27%

GRAND TOTAL 100%

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

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

FACTSHEETNOVEMBER 2018

8

PORTFOLIO

Financial Services 38.87 Consumer Goods 16.55

IT 8.44 Automobile 6.19 Energy 2.94 CHEMICALS 2.44

Construction 2.15

Pharma 1.09

Cement & Cement Products

0.95

Textiles 0.24

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

3,093.92 Cr.

AS ON 30th NOVEMBER’18

3,294.75 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 14.00%

Beta - 0.92

Sharpe Ratio** - 0.41

PORTFOLIOTURNOVER* (1 YEAR)

1.70 times

FUND MANAGER

Mr. ShreyashDevalkar

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

23rd November 2016

SECTORALLOCATION

(%)

8

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

ENTRY & EXIT LOAD

**Risk-free rate assumed to be 6.55% (MIBOR as on 30-11-18) - 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 30th NOVEMBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

PERFORMANCE (as on 30th November 2018)

Regular Plan Direct Plan

Options Record Date

Dividend (` Per unit) NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Data as on 30th NOVEMBER 2018.

DIVIDENDS

Period 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of

Investment of` 10,000/-

CAGR (%)

Current Value of

Investment of`. 10,000/-

CAGR (%)

Current Value of


CAGR (%)

Current Value of

Investment of ` 10,000

Date of inception

Axis Bluechip Fund - Growth 9.68% 10,968 12.32% 14,174 15.02% 20,150 11.73% 26,86005-Jan-10Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 9.79% 22,983

S&P BSE Sensex (Additional Benchmark) 10.52% 11,052 12.93% 14,405 13.27% 18,661 9.97% 23,315Axis Bluechip Fund - Direct Plan -Growth 11.21% 11,121 13.69% 14,701 16.40% 21,390 15.64% 23,621

01-Jan-13Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683S&P BSE Sensex (Additional Benchmark) 10.52% 11,052 12.93% 14,405 13.27% 18,661 12.54% 20,117Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 38 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Financial Services 40.10

Automobile 15.56

IT 9.75

Consumer Goods 8.30

Industrial Manufacturing

5.90

Chemicals 3.33 Pharma 3.02

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

6,149.89 Cr.


6,454.68 Cr.

BENCHMARK

Nifty 50



Beta - 1.07



1.41times

FUND MANAGER

Mr. Jinesh Gopani Work experience:17 years.

He has been managing this fund since 07th June 2016

SECTORALLOCATION

(%)

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

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

9

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

**Risk-free rate assumed to be 6.55% (MIBOR as on 30-11-18) - 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 30th NOVEMBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

Mar 08, 2018 2.00 2.00 19.47 17.47

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 30th NOVEMBER 2018.



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Focused 25 Fund - Growth 4.17% 10,417 15.22% 15,303 17.02% 21,965 16.37% 26,49029-Jun-12Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 13.30% 22,301

S&P BSE 200 (Additional Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 14.36% 23,681Axis Focused 25 Fund - Direct Plan - Growth 5.37% 10,537 16.59% 15,856 18.45% 23,342 16.26% 24,383

01-Jan-13Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683S&P BSE 200 (Additional Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 12.95% 20,545Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 38 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


PORTFOLIO


EQUITY 85.57%










Eicher Motors Limited Auto 3.26%

Supreme Industries Limited Industrial Products 3.08%


Sun Pharmaceutical Industries Limited Pharmaceuticals 2.62%

Info Edge (India) Limited Software 2.60%

Gruh Finance Limited Finance 2.59%


Motherson Sumi Systems Limited Auto Ancillaries 2.09%

V-Guard Industries Limited Industrial Capital Goods 1.45%

Cummins India Limited Industrial Products 1.37%

WABCO India Limited Auto Ancillaries 1.33%

Endurance Technologies Limited Auto Ancillaries 1.27%

Varroc Engineering Limited Auto Ancillaries 0.79%



GRAND TOTAL 100%

ENTRY & EXIT LOAD


Financial Services 27.08 Consumer Goods 11.91 Industrial

Manufacturing10.28

Pharma 9.48 Automobile 8.04

IT 4.97

Textiles 4.36 Cement &

Cement Products2.85

Energy 2.43

Construction 1.70

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,639.24 Cr.


1,693.15 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.82



0.84 times

FUND MANAGER

Mr. Shreyash Devalkar

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

23rd November 2016

SECTORALLOCATION

(%)

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

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

10

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Midcap Fund - Growth 3.91% 10,391 11.27% 13,780 20.88% 25,838 17.25% 34,52018-Feb-11S&P BSE Midcap (Benchmark) -10.23% 8,977 12.27% 14,154 20.32% 25,243 12.55% 25,111

Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 10.64% 21,972Axis Midcap Fund - Direct Plan - Growth 4.99% 10,499 12.54% 14,258 22.41% 27,509 18.30% 27,027

01-Jan-13S&P BSE Midcap (Benchmark) -10.23% 8,977 12.27% 14,154 20.32% 25,243 14.76% 22,583Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 38 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


PORTFOLIO


EQUITY 81.74%

City Union Bank Limited Banks 5.29%


Astral Poly Technik Limited Industrial Products 4.08%

Page Industries Limited Textile Products 3.96%


Torrent Pharmaceuticals Limited Pharmaceuticals 3.77%


Mahindra & Mahindra Financial Services Limited Finance 3.40%




Sundaram Finance Limited Finance 2.99%

ACC Limited Cement 2.85%

Supreme Industries Limited Industrial Products 2.76%

Sanofi India Limited Pharmaceuticals 2.65%


Indraprastha Gas Limited Gas 2.43%

Berger Paints (I) Limited Consumer Non Durables 1.96%

Trent Limited Retailing 1.96%



Voltas Limited Construction Project 1.70%

Kansai Nerolac Paints Limited Consumer Non Durables 1.69%

MphasiS Limited Software 1.65%

Ttk Prestige Limited Consumer Durables 1.49%

Cholamandalam Investment And Finance Company Limited Finance 1.39%

MRF Limited Auto Ancillaries 1.19%

Balkrishna Industries Limited Auto Ancillaries 1.13%

Schaeffler India Limited Industrial Products 1.08%

HDFC Asset Management Com-pany Limited Finance 1.08%

BATA India Limited Consumer Durables 0.99%

Aditya Birla Fashion And Retail Limited Retailing 0.77%


Colgate Palmolive (India) Limited Consumer Non Durables 0.61%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD


Financial Services 38.62 Automobile 15.06 IT 10.97 Consumer Goods 10.25 Chemicals 6.40 Pharma 3.30 Energy 3.19 Industrial Manufacturing 2.88 Construction 2.02 Textiles 0.82

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

17,015.56 Cr.


17,626.14 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 14.42%

Beta - 0.93



1.07 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 17 years.

He has been managing this fund since 1st April 2011

SECTORALLOCATION

(%)

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

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

11

Entry Load : NA Exit Load : NIL




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Mar 22, 2018 2.50 2.50 23.0548 20.5548 1.50 1.50 35.6776 34.1776

Regular Dividend

Jan 31, 2017 2.23 2.23 21.1726 18.9426 - - - -Jan 25, 2016 2.25 2.25 21.2217 18.9717 - - - -Jan 22, 2015 2.00 2.00 24.2942 22.2942 - - - -


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Long Term Equity Fund - Growth 5.82% 10,582 12.21% 14,133 20.52% 25,448 17.62% 42,55929-Dec-09S&P BSE 200 (Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 10.38% 24,145

Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 9.98% 23,382Axis Long Term Equity Fund - Direct Plan - Growth 6.90% 10,690 13.43% 14,599 21.94% 26,995 20.77% 30,535

01-Jan-13S&P BSE 200 (Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 12.95% 20,545Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 38 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


PORTFOLIO


EQUITY 92.99%











TTK Prestige Limited Consumer Durables 3.34%


Torrent Power Limited Power 3.19%







Symphony Limited Consumer Durables 1.44%









Multi Commodity Exchange of India Limited Finance 0.69%


Mas Financial Services Limited Finance 0.62%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD


MONTHLY AVERAGE

2,899.64 Cr.


2,981.74 Cr.

BENCHMARK

Nifty 500 Index

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

12

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

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

Mr. Shreyash Devalkar Work experience: 17 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

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


PORTFOLIO


EQUITY 82.77%



















Britannia Industries Limited Consumer Non Durables 1.34%






Wipro Limited Software 0.60%

Mahindra & Mahindra Limited Auto 0.50%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.29


GRAND TOTAL 100.00%

Financial Services 36.95 Consumer Goods 16.02 IT 7.44 Automobile 6.99 Chemicals 2.89 Industrial Manufacturing 2.06 Energy 1.49 Pharma 1.45 Construction 1.30 Textiles 1.11



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Multicap Fund - Growth 8.11% 10,811 NA NA NA NA 7.78% 10,800 20-Nov-17Nifty 500 (Benchmark) 0.74% 10,074 NA NA NA NA 0.64% 10,066Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.87% 10,707Axis Multicap Fund - Direct Plan - Growth 10.01% 11,001 NA NA NA NA 9.62% 10,990 20-Nov-17Nifty 500 (Benchmark) 0.74% 10,074 NA NA NA NA 0.64% 10,066Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.87% 10,707Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 20th Nov 2017 and he manages 5 schemes of A xis Mutual Fund. Please refer to annexure on Page 38 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD

FIXEDINCOME

D E C E M B E R 2 0 1 8

10 YEAR G-SEC YIELD

7.60%

QUICK TAKE

CPI Inflation : Last 1 year

4.88%

3.31%

Repo : Last 1 year

6.00%

6.50%

10 yr G-Sec : Last 1 year

7.60%

7.08%

• Oil & Rupee have seen a significant retracement, which is a sentimental positive for the economy.

• Q2 GDP numbers are the effect of base impact and should not be read into as poor numbers.

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

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

Key Events During the Month• Currency & Oil : Crude oil saw its worst month in more than a decade

as global politics and supply concerns saw crude tumble to its lowest levels this year. Significant production ramp over the last few quarters led the US to dethrone Saudi Arabia & Russia as the world’s largest oil producer in October 2018. The India crude basket ended the month at US$ 58.56/barrel down 23% this month. The INR also saw significant strength on the back of this to end the month at 69.78

• 10 Year at 7.60% : The benchmark yield on the 10 Year G-Sec fell 15bps during the month from 7.85% to 7.60%. Bond markets continued to remain volatile as recoveries in crude and the currency gave the markets some respite in an o t h e r w i s e v o l a t i l e environment. FPIs returned to the market with a Rs 5,600 Cr inflow this month

• India Q2 GDP Numbers : Q2 FY19 GDP growth came in at 7.1% missing analysts’ estimates. The unexpected slowdown in GDP growth comes despite robust high frequency data and reasonable corporate earnings. The growth has largely been supported by government-enabled construction activity, electricity and public spending.

• Inflation – Remains Benign : Consumer price inflation eased to 3.31% in October from a downward revised print of 3.7% in September. Modest food inflation continues to be reason for lower than expected retail inflation. Core inflation, however, rose above 6 percent in October. CPI inflation has been persistently below RBI’s estimates. This is likely to reduce the pressure on RBI to raise rates.

• Eye on RBI & the Fisc : Falling crude prices and tepid inflation numbers are likely to be the focal points of RBI’s bi-monthly monetary policy committee meeting next week. Lower GST collection coupled with rising public expenditure in election season is likely to put pressure on the government’s fiscal math.

• Market Liquidity : Debt market liquidity hobbled back to normalcy as NBFC’s and HFC’s returned to the markets to raise fresh borrowing. Rates across the CP & CD markets returned to pre-IL&FS levels as confidence was restored by issuer buybacks and regulatory intervention.

• Global Action – Positive for Ems : On the global front, The US & China agreed to a temporary truce on the side lines of the G-20 summit. This likely reduction in trade hostilities is seen as the first step to normalization of trade relations between the two largest trading partners. The US fed hinted at a dovish stance as it pointed to fewer rate hikes in the months to come spurring EM currencies and bonds.

Market ViewCrude has been an impediment to the India story over the past few quarters. Last month’s outsized fall has been positive for the economy given the import reliance. This has reflected in the fall in rates and the currency. Any material up move from current levels is likely to be seen as negative for the economy. Q2 GDP numbers have to be seen in context of a normalizing base post the GST implementation last year. While the full impact of GST on the GDP base has not been captured, we anticipate the high crude oil prices during the quarter may have exasperated the downtick. The long term story continues to remain intact given the strong high frequency numbers and strong corporate earnings.Since April 2018, the RBI has conducted OMOs to the tune of 1,36,000 Cr and a likely additional Rs 40,000 Cr in December 2018 in an attempt to alleviate liquidity concerns in the markets. This has propped up bond markets. The fall in the currency may minimize RBI intervention given the rupee is now at a comfortable level, further minimizing the need for OMOs. However, Q4 is typically a tight quarter and additional liquidity pressures may arise.We do not believe that there is a material risk of financial instability and hence the RBI is likely to continue to focus on inflation trajectory. With the current inflation trajectory, we feel that the average inflation for the year would be around 5% band and hence we don't feel terminal repo rate to be above 6.75-7% till March 2019. Hence we feel RBI will at max 25-50 bps rate hikes in next 6-12 months. Long bonds are likely to remain in a range of 7.60% - 8.20% on the 10-year G-Sec.Currently, the curve offers significant opportunities from investment perspective as markets are pricing in more than 1 hike till March 2019. Corporate bonds in the 1-3-year space currently trade at a premium of 200 bps over the operative rate which we believe offers significant opportunities and thus prefer this space.


Investors

•

•

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

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

Distributors

•

•

•




13Source: Bloomberg, Axis MF Research.


PORTFOLIO

RATING % Of NAVCOMMERCIAL PAPER 85.92%

NABARD ICRA A1+ 8.29%

Indian Oil Corporation Limited ICRA A1+ 5.99%

National Housing Bank CRISIL A1+ 5.41%

HDFC Limited CRISIL A1+ 4.85%

Reliance Jio Infocomm LimitedCRISIL A1+/ICRA A1+

4.57%

NTPC Limited CRISIL A1+ 3.33%

Reliance Retail Ltd CRISIL A1+ 3.24%

Chennai Petroleum Corporation Limited CRISIL A1+ 3.20%

UltraTech Cement Limited CRISIL A1+ 3.11%

Vedanta Limited CRISIL A1+ 2.71%

Aditya Birla Finance Limited ICRA A1+ 2.51%

Infina Finance Private Limited CRISIL A1+ 2.10%Cholamandalam Investment and Finance Company Limited

CRISIL A1+ 2.08%

Bamnipal Steel Limited IND A1+ 2.08%

Grasim Industries Limited CRISIL A1+ 2.07%

Sun Pharmaceutical Industries Limited CRISIL A1+ 2.07%

Bajaj Finance Limited CRISIL A1+ 1.67%Mahindra & Mahindra Financial Services Limited

CRISIL A1+ 1.66%

Indus Towers Limited CRISIL A1+ 1.66%

Power Finance Corporation Limited CRISIL A1+ 1.64%

Tata Motors LimitedICRA A1+/CRISIL A1+

1.57%

Aditya Birla Fashion and Retail Limited CRISIL A1+ 1.19%

Piramal Capital & Housing Finance Limited CRISIL A1+ 1.05%

SBI Cards & Payment Services Pvt Limited CRISIL A1+ 1.05%

Daimler Financial Services India Pvt Limited CRISIL A1+ 1.04%

L&T Finance Limited ICRA A1+ 0.94%

Tata Capital Financial Services Limited CRISIL A1+ 0.94%

Tata Motors Finance Limited ICRA A1+ 0.88%

Aditya Birla Housing Finance Limited ICRA A1+ 0.84%

Tata Capital Housing Finance Limited CRISIL A1+ 0.83%

Shriram Transport Finance Company Limited CRISIL A1+ 0.83%

Bahadur Chand Investments Pvt Limited ICRA A1+ 0.83%

India Infoline Finance Limited CRISIL A1+ 0.83%

Bharti Airtel Limited CRISIL A1+ 0.74%

Network18 Media & Investments Limited ICRA A1+ 0.63%

Hinduja Leyland Finance Limited CRISIL A1+ 0.63%

Aditya Birla Capital LimitedCRISIL A1+/ICRA A1+

0.63%

Talwandi Sabo Power Limited CRISIL A1+ 0.62%

IIFL Home Finance Limited CRISIL A1+ 0.62%

Magma Fincorp Limited CARE A1+ 0.62%

TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.57%

LIC Housing Finance Limited CRISIL A1+ 0.44%

Tata Power Renewable Energy Limited CRISIL A1+ 0.42%

JM Financial Products Limited ICRA A1+ 0.42%

ICICI Home Finance Company Limited ICRA A1+ 0.42%

Reliance Industries Limited CRISIL A1+ 0.42%

Muthoot Finance Limited CRISIL A1+ 0.42%

Mahindra Rural Housing Finance IND A1+ 0.31%

Tata Power Solar Systems Limited CRISIL A1+(SO) 0.31%

CEAT Limited CARE A1+ 0.21%

Varroc Engineering Limited ICRA A1+ 0.17%

Godrej Industries Limited CRISIL A1+ 0.17%

JSW Steel Limited ICRA A1+ 0.10%

Piramal Enterprises Limited ICRA A1+ 0.02%

Hindustan Zinc Limited CRISIL A1+ 0.02%

TREASURY BILL 10.77%

182 Days Tbill SOVEREIGN 2.55%

91 Days Tbill SOVEREIGN 7.73%

59 Days CMB SOVEREIGN 0.49%

CERTIFICATE OF DEPOSIT 9.07%

IDFC Bank Limited ICRA A1+ 2.42%

Vijaya Bank CARE A1+ 2.09%

ICICI Bank Limited ICRA A1+ 2.09%

IndusInd Bank Limited CRISIL A1+ 1.38%

The Federal Bank Limited CRISIL A1+ 1.05%

Indian Bank IND A1+ 0.04%

CORPORATE BOND 0.11%

Power Finance Corporation Limited CRISIL AAA 0.11%

NET CURRENT ASSETS -5.86%

GRAND TOTAL 100.00%

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

20,696.45 Cr.


23,723.32 Cr.

BENCHMARK

NIFTY Liquid Index

AVERAGE MATURITY*

42 daysMODIFIED DURATION*

39 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

7.35%

Mr. Devang ShahWork experience: 14 years.

He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 11 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Commercial Paper 85.92% Treasury Bill 10.77% Certificate of Deposit 9.07% Corporate Bond 0.11% Net Current Assets -5.86%

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

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

AXIS LIQUID FUND(An Open-Ended Liquid Scheme)

Entry Load : NAExit Load : NIL

14

^^


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

Nov 26, 2018 4.7963 4.4414 1,007.5328 1,000.8742 4.3700 4.0828 1,006.4021 1,000.2810 4.8275 4.4703 1,006.9828 1,000.2808Oct 25, 2018 4.4770 4.1457 1,007.0895 1,000.8742 4.1340 3.8142 1,005.9993 1,000.2810 4.5055 4.1721 1,006.5358 1,000.2808Sep 25, 2018 3.9839 3.6891 1,006.4050 1,000.8742 3.6321 3.3682 1,005.3306 1,000.2810 4.0086 3.7120 1,005.8459 1,000.2808

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.

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Liquid Fund - Growth 7.37% 10,737 7.26% 12,344 7.87% 14,610 7.96% 20,155

09-Oct-09NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 7.90% 20,056NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.10% 10,710 7.07% 12,278 7.68% 14,482 6.86% 18,350

Axis Liquid Fund - Direct Plan - Growth 7.43% 10,743 7.34% 12,369 7.94% 14,658 8.15% 15,895

31-Dec-12NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 7.95% 15,729NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.10% 10,710 7.07% 12,278 7.68% 14,482 7.55% 15,382

Axis Liquid Fund - Retail - Growth 6.75% 10,675 6.68% 12,142 7.30% 14,225 7.65% 19,062

01-Mar-10NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 8.11% 19,787NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.10% 10,710 7.07% 12,278 7.68% 14,482 7.00% 18,085

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on Page 39-40 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


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

AAA, SOV & Equivalent 100.00%

ENTRY & EXIT LOAD


PORTFOLIO

MONTHLY AVERAGE

497.51Cr.


507.64 Cr.

BENCHMARK

CRISIL Ultra Short Term Debt Index

AXIS ULTRA SHORT TERM FUND

15

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

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

Mr. Aditya Pagaria Work experience: 11 years.


FUND MANAGER

DATE OF ALLOTMENT

10th September 2018

Entry Load :NAExit Load : Nil

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




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendNov 26, 2018 0.0509 0.0471 10.0883 10.0177 0.0560 0.0518 10.0972 10.0194

Oct 25, 2018 0.0507 0.0469 10.0881 10.0176 0.0572 0.0529 10.0993 10.0199Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.

DIVIDENDS

AVERAGE MATURITY*

141 daysMODIFIED DURATION*


8.60%


RATING % Of NAVCORPORATE BOND 34.13%


Daimler Financial Services India Pvt Limited

IND AAA 4.92%

LIC Housing Finance Limited CRISIL AAA 4.92%

Edelweiss Commodities Services Limited

CRISIL AA/ICRA AA 4.89%

Vodafone Mobile Services Limited CRISIL A+ 2.52%

Tata Sons Ltd CRISIL AAA 1.98%

Aasan Corporate Solutions Private Limited

ICRA AA-(SO) 1.97%

Cholamandalam Investment and Finance Company Limited

ICRA AA+ 1.97%

Shriram Transport Finance Company Limited

IND AA+ 1.93%

National Housing Bank CRISIL AAA 1.38%

IndoStar Capital Finance Limited CARE AA- 1.37%

Northern Arc Capital Limited ICRA A+ 1.37%

COMMERCIAL PAPER 34.16%


Reliance Jio Infocomm Limited CRISIL A1+ 4.91%

ReNew Solar Power Private Limited CARE A1+(SO) 4.90%


TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 2.94%



IndoStar Capital Finance Limited CRISIL A1+ 1.97%

Talwandi Sabo Power Limited CRISIL A1+(SO) 0.98%

Aditya Birla Fashion and Retail Limited

CRISIL A1+ 0.98%

Tata Motors Finance Limited CRISIL A1+ 0.98%

Tata Power Company Limited CRISIL A1+ 0.98%

ZERO COUPON BOND 11.19%

Dewan Housing Finance Corporation Limited

CARE AAA 4.71%

Mahindra & Mahindra Financial Services Limited

CARE AAA 3.49%

JSW Techno Projects Management Limited

BWR A(SO) 2.02%

IDFC Bank Limited ICRA AA+ 0.97%

PASS THROUGH CERTIFICATE 6.93%

Rent-A-Device Trust ICRA AAA(SO) 2.66%

MFL Securitisation Trust CRISIL AAA(SO) 2.53%

Rainbow Devices Trust ICRA AAA(SO) 1.73%



Equitas Small Finance Bank Limited CRISIL A1+ 0.58%

Ujjivan Small Finance Bank Limited CRISIL A1+ 0.39%

REDUCED FACE VALUE BONDS - NON AMORTISATION 1.97%

Asirvad Microfinance Ltd CRISIL A+ 1.97%

NET CURRENT ASSETS 6.10%

GRAND TOTAL 100.00%

Corporate Bond 34.13% Commercial Paper 34.16% Zero Coupon Bond 11.19% Pass Through Certificate 6.93% Certificate of Deposit 5.53%

Reduced Face Value Bonds - Non Amortisation

1.97%

Net Current Assets 6.10%

AAA, SOV & Equivalent 79.03% A+ 5.86% AA 4.89% AA+ 4.86% AA- 3.33% A 2.02%

ENTRY & EXIT LOAD


PORTFOLIO

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

1,949.38 Cr.


1,870.94 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index

AVERAGE MATURITY*

214 daysMODIFIED DURATION

*


8.37%


He has been managing this fund since07th June 2016.



FUND MANAGER


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

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

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

16



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

Nov 26, 2018 5.3030 4.9106 1,012.8134 1,005.4514 5.3026 4.9113 1,012.8113 1,005.4482 5.6049 5.1900 1,013.2339 1,005.4530Oct 25, 2018 5.8529 5.4198 1,013.5768 1,005.4514 5.8505 5.4192 1,013.5727 1,005.4482 6.1691 5.7124 1,014.0172 1,005.4530Sep 25, 2018 1.1220 1.0389 1,007.0091 1,005.4514 1.1241 1.0393 1,007.0065 1,005.4482 1.4280 1.3223 1,007.4354 1,005.4530


DIVIDENDS


PeriodDate 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Treasury Advantage Fund - Growth 6.82% 10,682 7.25% 12,340 7.84% 14,591 8.01% 20,23309-Oct-09NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.23% 20,611

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 6.86% 18,350Axis Treasury Advantage Fund - Direct Plan - Growth 7.38% 10,738 7.79% 12,527 8.35% 14,941 8.56% 16,254

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.17% 15,910NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 15,376Axis Treasury Advantage Fund - Retail - Growth 6.63% 10,663 6.79% 12,179 7.27% 14,210 7.57% 18,934

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.34% 20,161NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.00% 18,082Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 33 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on 39-40 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


RATING % Of NAVCOMMERCIAL PAPER 31.82%

Reliance Industries Limited CRISIL A1+ 7.38%

Larsen & Toubro Limited CRISIL A1+ 5.23%

JSW Steel Limited ICRA A1+/CARE A1+ 4.16%


Indiabulls Housing Finance Limited CRISIL A1+ 3.30%

Reliance Retail Ltd CRISIL A1+ 2.62%

LIC Housing Finance Limited CRISIL A1+ 1.58%

Edelweiss Commodities Services Limited CRISIL A1+ 1.33%




Tata Motors Limited ICRA A1+ 0.27%



Piramal Capital & Housing Finance Limited ICRA AA+ 3.20%

Hinduja Leyland Finance Limited CARE AA- 2.67%


Reliance Jio Infocomm Limited CRISIL AAA 2.66%

India Infoline Finance Limited ICRA AA 1.81%

Indiabulls Housing Finance Limited BWR AAA 1.70%

Muthoot Finance Limited CRISIL AA 1.67%

Shriram Transport Finance Company Limited IND AA+ 1.57%

Small Industries Dev Bank of India CARE AAA 1.44%

HDFC Limited CRISIL AAA 1.38%

Edelweiss Commodities Services Limited CRISIL AA 1.33%

ICICI Home Finance Company Limited ICRA AAA 1.30%


BWR AAA 1.07%

Adani Transmission Limited IND AA+ 0.80%

Mahindra Rural Housing Finance IND AA+ 0.76%

NHPC Limited ICRA AAA 0.52%

Power Grid Corporation of India Limited CRISIL AAA 0.27%

Export Import Bank of India CRISIL AAA 0.26%

REC Limited CRISIL AAA 0.19%

Indian Railway Finance Corporation Limited CRISIL AAA 0.11%




NABARD CRISIL A1+ 1.32%

Small Industries Dev Bank of India CARE A1+ 1.31%

HDFC Bank Limited ICRA A1+ 1.31%



CARE AAA 5.37%

TMF Holdings Limited CRISIL AA 1.53%

JM Financial Products Limited CRISIL AA 0.81%

IDFC Bank Limited ICRA AA+ 0.67%

IIFL Home Finance Limited CRISIL AA 0.54%

GOVERNMENT BOND 1.33%

7.37% GOI (MD 16/04/2023) Sovereign 1.33%


Rainbow Devices Trust ICRA AAA(SO) 0.48%


GRAND TOTAL 100.00%

Corporate Bond 34.38% Commercial Paper 31.82% Certificate of Deposit 14.99% Zero Coupon Bond 8.93% Government Bond 1.33% Pass Through Certificate 0.48% Net Current Assets 8.08%

AAA, SOV & Equivalent 82.63% AA 7.69% AA+ 7.00% AA- 2.67%


ENTRY & EXIT LOAD


PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

4,081.62 Cr.


4,078.89 Cr.

BENCHMARKNIFTY Short

Duration Debt Index

AVERAGE MATURITY*

1.6 yearsMODIFIED DURATION

*

1.3 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.57%



FUND MANAGER


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

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

17


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

Nov 26, 2018 0.0591 0.0548 10.2372 10.1550 0.0584 0.0540 10.1014 10.0203 0.0631 0.0584 10.1096 10.0219

Monthly Dividend

Oct 25, 2018 0.0518 0.0479 10.2244 10.1525 0.0511 0.0473 10.0887 10.0177 0.0585 0.0542 10.1016 10.0203Sep 25, 2018 - - - - - - - - 0.0001 0.0001 10.0003 10.0001Aug 27, 2018 0.0463 0.0429 10.2149 10.1506 0.0458 0.0424 10.0795 10.0159 0.0503 0.0466 10.0874 10.0175


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Short Term Fund - Growth 5.36% 10,536 7.13% 12,297 7.95% 14,668 7.86% 19,55022-Jan-10NIFTY Short Duration Debt Index (Benchmark) 5.67% 10,567 7.21% 12,325 8.20% 14,833 7.97% 19,729

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 6.93% 18,112Axis Short Term Fund - Direct Plan - Growth 6.10% 10,610 7.88% 12,558 8.79% 15,243 8.66% 16,345

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 5.67% 10,567 7.21% 12,325 8.20% 14,833 8.16% 15,906NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 15,376Axis Short Term Fund - Retail - Growth 5.36% 10,536 7.13% 12,297 7.96% 14,673 7.82% 19,330

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 5.67% 10,567 7.21% 12,325 8.20% 14,833 8.02% 19,642NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.00% 18,084Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes of Axis Mutual Fund. Please refer to annexure on Page 39-40 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).



RATING % Of NAVCORPORATE BOND 61.84%Power Finance Corporation Limited CRISIL AAA 9.55%HDFC Limited CRISIL AAA 7.00%REC Limited CRISIL AAA 3.94%Tata Sons Ltd CRISIL AAA 3.74%Reliance Jio Infocomm Limited CRISIL AAA 3.58%Reliance Industries Limited CRISIL AAA 3.57%NABARD IND AAA/CRISIL AAA 3.43%LIC Housing Finance Limited CRISIL AAA 3.11%Jamnagar Utilities & Power Private Limited CRISIL AAA 2.33%Mahindra & Mahindra Financial Services Limited IND AAA 1.93%Tata Capital Financial Services Limited ICRA AAA/CRISIL AAA 1.82%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 1.66%

NRSS XXIX Transmission Limited CRISIL AAA 1.59%Muthoot Finance Limited CRISIL AA 1.48%Indiabulls Housing Finance Limited BWR AAA 1.48%Small Industries Dev Bank of India CARE AAA 1.22%L&T Housing Finance CARE AAA 1.20%Nirma Limited CRISIL AA 1.03%Shriram Transport Finance Company Limited CRISIL AA+ 1.00%Gruh Finance Limited CRISIL AAA 0.96%IDFC Bank Limited ICRA AA+ 0.85%Power Grid Corporation of India Limited CRISIL AAA 0.61%Tata Motors Limited CARE AA+ 0.61%Mahindra Rural Housing Finance CRISIL AA+ 0.61%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.60%NHPC Limited ICRA AAA 0.43%Dewan Housing Finance Corporation Limited BWR AAA 0.38%Sikka Ports and Terminals Limited CRISIL AAA 0.38%Adani Transmission Limited IND AA+ 0.37%L&T Infrastructure Finance Company Limited CARE AAA 0.37%HDB Financial Services Limited CRISIL AAA 0.35%Bajaj Finance Limited CARE AAA 0.27%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.24%Bharti Airtel Limited CRISIL AA 0.12%Export Import Bank of India CRISIL AAA 0.01%COMMERCIAL PAPER 14.01%NABARD ICRA A1+ 4.85%Reliance Industries Limited CRISIL A1+ 4.23%Indiabulls Housing Finance Limited CRISIL A1+ 1.35%Bharti Airtel Limited CRISIL A1+ 1.21%LIC Housing Finance Limited CRISIL A1+ 0.60%JSW Steel Limited ICRA A1+ 0.59%Dewan Housing Finance Corporation Limited CRISIL A1+ 0.58%Housing Development Finance Corporation Limited CRISIL A1+ 0.36%Reliance Jio Infocomm Limited CRISIL A1+ 0.24%ZERO COUPON BOND 4.24%Dewan Housing Finance Corporation Limited CARE AAA 1.68%IDFC Bank Limited ICRA AA+ 1.20%Mahindra & Mahindra Financial Services Limited CARE AAA/IND AAA 1.01%Kotak Mahindra Prime Limited CRISIL AAA 0.31%Axis Finance Limited IND AAA 0.03%HDB Financial Services Limited CRISIL AAA 0.01%GOVERNMENT BOND 4.43%7.37% GOI (MD 16/04/2023) Sovereign 1.96%8.12% GOI (MD 10/12/2020) Sovereign 0.50%6.79% GOI (MD 15/05/2027) Sovereign 0.31%8.13% GOI (MD 22/06/2045) Sovereign 0.25%7.68% GOI (MD 15/12/2023) Sovereign 0.25%7.88% GOI (MD 19/03/2030) Sovereign 0.25%7.59% GOI(MD 11/01/2026) Sovereign 0.23%9.20% GOI (MD 30/09/2030) Sovereign 0.14%6.65% GOI (MD 09/04/2020) Sovereign 0.12%7.17% GOI (MD 08/01/2028) Sovereign 0.12%7.73% GOI (MD 19/12/2034) Sovereign 0.10%8.83% GOI (MD 25/11/2023) Sovereign 0.08%8.15% GOI (MD 24/11/2026) Sovereign 0.05%7.35% GOI (MD 22/06/2024) Sovereign 0.05%6.79% GOI (MD 26/12/2029) Sovereign 0.02%8.35% GOI (MD 14/05/2022) Sovereign 0.01%7.59% GOI (MD 20/03/2029) Sovereign 0.00%CERTIFICATE OF DEPOSIT 4.31%ICICI Bank Limited ICRA A1+ 2.27%Export Import Bank of India CRISIL A1+ 2.04%PASS THROUGH CERTIFICATE 3.61%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.58%Rainbow Devices Trust ICRA AAA(SO) 1.54%Sansar Trust ICRA AAA(SO) 0.49%STATE GOVERNMENT BOND 0.62%8.66% TAMILNADU SDL (MD 25/01/2022) Sovereign 0.45%8.15% RAJASTHAN UDAY BOND (MD 23/06/2021) Sovereign 0.07%6.92% MAHARASTRA SDL(MD 11/01/2022) Sovereign 0.05%8.21% HARYANA UDAY BOND (MD 31/03/2022) Sovereign 0.02%8.27% RAJASTHAN UDAY BOND (MD 23/06/2023) Sovereign 0.02%8.61% UTTAR PRADESH UDAY BOND (MD 21/03/2022)

Sovereign 0.01%

TREASURY BILL 0.44%182 DAYS TBILL Sovereign 0.12%364 DAYS TBILL Sovereign 0.32%NET CURRENT ASSETS 6.49%GRAND TOTAL 100.00%

Corporate Bond 61.84% Commercial Paper 14.01% Government Bond 4.43% Certificate of Deposit 4.31% Zero Coupon Bond 4.24% Pass Through Certificate 3.61% State Government Bond 0.62% Treasury Bill 0.44% Net Current Assets 6.49%

AAA, SOV & Equivalent 91.06% AA+ 6.30% AA 2.63%


ENTRY & EXIT LOAD


PORTFOLIO

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

148.68 Cr.


147.40 Cr.

BENCHMARK

NIFTY Composite Debt Index

AVERAGE MATURITY*

5.8 yearsMODIFIED DURATION*

4 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.94%

Mr. R. SivakumarWork experience: 20 years.

He has been managing this fund since inception



FUND MANAGER


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

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

18


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

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

Quarterly DividendSep 25, 2018 0.1440 0.1334 10.3437 10.1437 0.1800 0.1667 10.6403 10.3903Jun 25, 2018 - - - - 0.1800 0.1667 10.7399 10.4899Mar 26, 2018 - - - - 0.1805 0.1672 10.9742 10.7242

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

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Dynamic Bond Fund - Growth 4.65% 10,465 7.21% 12,325 8.48% 15,027 8.23% 18,243

27-Apr-11NIFTY Composite Debt Index (Benchmark) 3.70% 10,370 6.97% 12,241 8.58% 15,097 8.12% 18,103NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

2.58% 10,258 6.52% 12,090 8.10% 14,768 6.89% 16,596

Axis Dynamic Bond Fund - Direct Plan - Growth 5.58% 10,558 8.19% 12,666 9.68% 15,878 9.07% 16,711

01-Jan-13NIFTY Composite Debt Index (Benchmark) 3.70% 10,370 6.97% 12,241 8.58% 15,097 7.83% 15,620NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

2.58% 10,258 6.52% 12,090 8.10% 14,768 6.56% 14,565

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. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 33 schemes. Please refer to annexure on Page 38&40 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


Instrument Type/Issuer Name RATING % Of NAV



Union Bank of India BWR AA 7.14%

Punjab National Bank IND A+ 7.10%

State Bank of India CRISIL AAA 6.88%

Syndicate Bank CARE A+ 5.28%

Renew Power Limited CARE A+ 3.38%

Tata Power Company Limited CRISIL AA- 2.81%

India Infrastructure Fin Co Ltd CRISIL AAA 1.79%

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 0.67%


7.17% GOI (MD 08/01/2028) Sovereign 40.21%

7.68% GOI (MD 15/12/2023) Sovereign 1.37%

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

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

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


IIERT TRUST CRISIL AAA(SO) 3.82%

Zenith Trust ICRA A-(SO) 2.00%

Solstice Trust ICRA AA-(SO) 0.90%


Ess Kay Fincorp Limited IND A(SO) 1.18%


GRAND TOTAL 100.00%

Corporate Bond 43.50%

Government Bond 42.93%

Pass Through Certificate 6.71%

Reduced Face Value Bonds - Non Amortisation 1.18%

Net Current Assets 5.68%

AAA, SOV & Equivalent 69.55% A+ 16.43% AA 7.14% AA- 3.70% A- 2.00% A 1.18%


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


PORTFOLIO

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

237.92 Cr.


225.72 Cr.

BENCHMARK

NIFTY Corporate Bond Index

AVERAGE MATURITY*



9.30%

COMPOSITION BY ASSETS (%)

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

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

19


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

FUND MANAGER

COMPOSITION BY RATING (%)


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 26, 2018 0.0602 0.0557 10.1404 10.0500 0.0650 0.0602 10.1336 10.0500Oct 25, 2018 0.0658 0.0610 10.1415 10.0500 0.0730 0.0676 10.1514 10.0500

Monthly Dividend

Sep 27, 2018 - - - - 0.0032 0.0029 10.0545 10.0500Aug 27, 2018 0.0479 0.0443 10.1166 10.0500 0.0537 0.0498 10.1247 10.0500

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

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Corporate Debt Fund - Growth 7.07% 10,707 NA NA NA NA 7.04% 10,98813-Jul-17NIFTY Corporate Bond Index (Benchmark) 4.67% 10,467 NA NA NA NA 5.01% 10,700

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 NA NA NA NA 6.88% 10,965Axis Corporate Debt Fund - Direct Plan 8.00% 10,800 NA NA NA NA 7.99% 11,122

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 4.67% 10,467 NA NA NA NA 5.01% 10,700NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 NA NA NA NA 6.88% 10,965Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the schmes since 13th July 2017 and he manages 33 schemes. Please refer to annexure on Page 39&40 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

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



National Housing Bank CRISIL AAA 7.97%


BWR AAA 7.88%

Reliance Industries Limited CRISIL AAA 6.73%


NRSS XXIX Transmission Limited CRISIL AAA 4.43%


Jamnagar Utilities & Power Private Limited

CRISIL AAA 4.38%

Magma Fincorp Limited ICRA AA- 4.38%



BWR A+(SO) 2.64%


















Export Import Bank of India CRISIL A1+ 4.10%


7.17% GOI (MD 08/01/2028) Sovereign 1.72%

REDUCED FACE VALUE BONDS - NON AMORTISATION

0.77%

ESS KAY FINCORP LIMITED IND A(SO) 0.77%


GRAND TOTAL 100.00%

Corporate Bond 65.84% Commercial Paper 15.04% Pass Through Certificate 4.31% Certificate of Deposit 4.10% Government Bond 1.72% Reduced Face Value Bonds - Non Amortisation 0.77% Net Current Assets 8.22%

AAA, SOV & Equivalent 82.88% A+ 9.54% AA- 5.25% A- 1.56% A 0.77%

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

ENTRY & EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Quarterly Dividend Sep 25, 2018 0.1404 0.1300 10.2587 10.0638 0.1800 0.1667 10.8863 10.6363Jun 25, 2018 0.1440 0.1334 10.3468 10.1468 0.1800 0.1667 11.0014 10.7514Mar 26, 2018 0.1805 0.1672 10.5370 10.2870 0.1805 0.1672 11.1669 10.9169

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

DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

1,254.06 Cr.


1,243.32 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index

AVERAGE MATURITY*


*


9.85%

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

2012.

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

this fund since 1st June 2018

FUND MANAGER


PORTFOLIO

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

DIVIDENDS

20

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

AXIS STRATEGIC BOND FUND




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Growth 5.70% 10,570 8.34% 12,719 9.34% 15,635 8.80% 17,570

28-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 3.98% 10,398 7.12% 12,293 8.38% 14,963 8.47% 17,215NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

2.58% 10,258 6.52% 12,090 8.10% 14,768 7.22% 15,931

Axis Strategic Bond Fund - Direct Plan - Growth 6.44% 10,644 9.13% 13,001 10.29% 16,330 9.42% 17,002

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 3.98% 10,398 7.12% 12,293 8.38% 14,963 7.99% 15,736NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

2.58% 10,258 6.52% 12,090 8.10% 14,768 6.45% 14,458

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes amd Dhaval Patel schemes is managing the scheme since 1st June 2018 and he manages 1 scheme of Axis Mutual Fund. Please refer to annexure on Page 39-40 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 78.16%


NRSS XXIX Transmission Limited CRISIL AAA 4.02%


Dewan Housing Finance Corporation Limited BWR AAA/CARE AAA 3.38%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 3.18%

PVR Limited CRISIL AA- 3.17%


Bharti Airtel Limited CRISIL AA 2.93%

Jubilant Life Sciences Limited CRISIL AA 2.81%

Coastal Gujarat Power Limited CARE AA(SO) 2.80%


ICICI Bank Limited ICRA AA+ 2.35%

JM Financial Products Limited CRISIL AA/ICRA AA 2.29%


BWR A+(SO) 2.23%

Bhopal Dhule Transmission Company Limited CRISIL AAA 2.19%

Housing Development Finance Corporation Limited CRISIL AAA 2.01%

JK Lakshmi Cement Limited CARE AA- 2.00%




Bank of Baroda CARE AA 1.80%


Vijaya Bank ICRA AA- 1.76%






Talwandi Sabo Power Limited CRISIL AA(SO) 1.30%

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

Dalmia Cement (Bharat) Limited ICRA AA 1.19%

Vedanta Limited CRISIL AA 0.96%



Gruh Finance Limited CRISIL AAA 0.78%

Tata Power Company Limited CRISIL AA- 0.75%


Sikka Ports and Terminals Limited CRISIL AAA 0.68%

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

Edelweiss Commodities Services Limited ICRA AA 0.51%

ECL Finance Limited ICRA AA 0.39%

Hindalco Industries Limited CRISIL AA 0.16%


RENT-A-DEVICE TRUST ICRA AAA(SO) 2.72%




Solstice Trust ICRA AA-(SO) 0.78%


7.17% GOI (MD 08/01/2028) Sovereign 2.74%

7.37% GOI (MD 16/04/2023) Sovereign 2.00%

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

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

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

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

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

7.59% GOI (MD 20/03/2029) Sovereign 0.00%


Subros Limited ICRA A+ 0.95%

Narmada Wind Energy Private Limited CARE A+(SO) 0.78%

IKF Finance Limited CARE A- 0.56%

Ess Kay Fincorp Limited IND A(SO) 0.47%

Asirvad Microfinance Ltd CRISIL A+ 0.16%


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

IIFL Home Finance Limited CRISIL AA 0.81%

STATE GOVERNMENT BOND 0.28%

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

8.27% Rajasthan UdayBond (MD 23/06/2022) Sovereign 0.08%


GRAND TOTAL 100.00%

Corporate Bond 78.16% Pass Through Certificate 7.45% Government Bond 5.07% Reduced Face Value Bonds - Non Amortisation 2.92% Zero Coupon Bond 2.88% State Government Bond 0.28% Net Current Assets 3.24%

AAA, SOV & Equivalent 43.66% AA 21.65% AA- 13.31% A+ 12.88% AA+ 3.71% A 2.53% A- 2.26%

ENTRY & EXIT LOAD

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 26, 2018 0.0526 0.0487 10.1660 10.0929 0.0597 0.0553 10.1202 10.0372Monthly Dividend

Oct 25, 2018 0.0372 0.0344 10.1393 10.0876 0.0478 0.0442 10.0995 10.0331Aug 27, 2018 0.0503 0.0466 10.1621 10.0922 0.0567 0.0525 10.1150 10.0362

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

PORTFOLIO

DATE OF ALLOTMENT


1,672.01 Cr.


1,681.84 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index

AVERAGE MATURITY*


*


10.02%



FUND MANAGER


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

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

21

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Credit Risk Fund - Growth 4.96% 10,496 7.26% 12,344 NA NA 8.15% 14,09815-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 5.74% 10,574 8.05% 12,617 NA NA 9.00% 14,586

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.57% 13,767Axis Credit Risk Fund - Direct Plan - Growth 6.30% 10,630 8.64% 12,825 NA NA 9.40% 14,824

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 5.74% 10,574 8.05% 12,617 NA NA 9.00% 14,586NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.57% 13,767Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 33 schemes. Please refer to annexure on Page 39-40 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).



Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 74.41%Dewan Housing Finance Corporation Limited BWR AAA 4.69%

Edelweiss Commodities Services Limited ICRA AA/CRISIL AA 4.36%

ReNew Solar Power Private Limited CARE A1+(SO) 0.59%PVR Limited CRISIL AA- 3.78%Dalmia Cement (Bharat) Limited ICRA AA 3.24%

Tata Power Company Limited CRISIL AA-/IND AA 3.02%

Hinduja Leyland Finance Limited CARE AA- 2.77%Coastal Gujarat Power Limited CARE AA(SO) 2.66%Birla Corporation Limited ICRA AA 2.59%Renew Power Limited CARE A+ 2.37%Piramal Enterprises Limited ICRA AA 2.36%Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 2.36%

Bank of Baroda CARE AA 2.31%

Indiabulls Housing Finance Limited CARE AAA/BWR AAA 2.00%

IndoStar Capital Finance Limited CARE AA- 2.28%JK Lakshmi Cement Limited CARE AA- 2.07%ECL Finance Limited ICRA AA 2.04%REC Limited CRISIL AAA 3.82%Nirma Limited CRISIL AA 1.86%HDFC Limited CRISIL AAA 1.79%Northern Arc Capital Limited ICRA A+ 1.71%Jubilant Life Sciences Limited CRISIL AA 1.49%Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.48%Power Finance Corporation Limited CRISIL AAA 1.47%Muthoot Finance Limited CRISIL AA 1.47%Hansdeep Industries & Trading Company Limited CARE AA-(SO) 1.38%Vodafone Mobile Services Limited CRISIL A+ 1.35%Magma Fincorp Limited ICRA AA- 1.23%Talwandi Sabo Power Limited CRISIL AA(SO) 1.19%Bhopal Dhule Transmission Company Limited CRISIL AAA 1.15%Union Bank of India BWR AA 0.99%Reliance Jio Infocomm Limited CRISIL AAA 0.97%Nuvoco Vistas Corporation Limited CRISIL AA 0.88%Syndicate Bank CARE A+ 0.87%Punjab National Bank IND A+ 0.85%Power Grid Corporation of India Limited CRISIL AAA 0.35%NABARD CRISIL AAA 0.01%Bharti Airtel Limited CRISIL AA 0.29%Vijaya Bank ICRA AA- 0.18%JM Financial Products Limited CRISIL AA 0.06%Vedanta Limited CRISIL AA 0.06%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.31%PASS THROUGH CERTIFICATE 10.50%Food Corporation Of India CRISIL AAA(SO) 0.31%Zenith Trust ICRA A-(SO) 2.72%IIERT TRUST CRISIL AAA(SO) 1.55%Sansar Trust ICRA AAA(SO) 3.93%Solstice Trust ICRA AA-(SO) 0.94%Rent-A-Device Trust ICRA AAA(SO) 1.37%REDUCED FACE VALUE BONDS - NON AMORTISATION 6.31%

Narmada Wind Energy Private Limited CARE A+(SO) 2.30%IKF Finance Limited CARE A- 1.66%Asirvad Microfinance Ltd CRISIL A+ 1.22%Ess Kay Fincorp Limited IND A(SO) 0.66%Subros Limited ICRA A+ 0.47%ZERO COUPON BOND 3.79%JSW Techno Projects Management Limited BWR A(SO) 2.44%IIFL Home Finance Limited CRISIL AA 1.34%GOVERNMENT BOND 0.86%7.37% GOI (MD 16/04/2023) Sovereign 0.59%6.79% GOI (MD 15/05/2027) Sovereign 0.11%8.83% GOI (MD 25/11/2023) Sovereign 0.09%7.35% GOI (MD 22/06/2024) Sovereign 0.03%7.59% GOI (MD 20/03/2029) Sovereign 0.03%7.59% GOI(MD 11/01/2026) Sovereign 0.00%COMMERCIAL PAPER 0.59%ReNew Solar Power Private Limited CARE A1+(SO) 0.59%STATE GOVERNMENT BOND 0.32%8.27% Rajasthan UDAYBOND (MD 23/06/2022) Sovereign 0.15%8.15% Rajasthan UDAY BOND (MD 23/06/2021) Sovereign 0.12%8.19% Rajasthan UDAY BOND (MD 23/06/2026) Sovereign 0.06%NET CURRENT ASSETS 3.21%GRAND TOTAL 100.00%

Corporate Bond 74.41% Pass Through Certificate 10.50% Reduced Face Value Bonds - Non

Amortisation6.31%

Zero Coupon Bond 3.79% Government Bond 0.86% Commercial Paper 0.59% State Government Bond 0.32% Net Current Assets 3.21%

AAA, SOV & Equivalent 30.70% AA 31.48% AA- 16.84% A+ 13.49% A- 4.38% A 3.10%

ENTRY & EXIT LOAD

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Half Yearly Dividend

Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -Sep 25, 2017 0.3611 0.3345 11.8824 11.3824 - - - -Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Nov 26, 2018 0.0728 0.0674 10.1372 10.0360 0.0760 0.0704 10.1428 10.0367Oct 25, 2018 0.0333 0.0308 10.0579 10.0116 0.0367 0.0340 10.0639 10.0129

Regular Dividend Sep 25, 2018 0.0192 0.0178 10.0335 10.0067 0.0236 0.0219 10.0412 10.0083Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months.

PORTFOLIO

RATING % OF ASSETS


7.17% GOI (MD 08/01/2028) Sovereign 65.86%

8.60% GOI (MD 02/06/2028) Sovereign 5.06%

TREASURY BILL 25.02%

182 Days Tbill Sovereign 25.02%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

39.35 Cr.


39.83 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index

AVERAGE MATURITY*



7.31%


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

FUND MANAGER


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

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

22


DIVIDENDS

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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Gilt Fund - Growth 2.19% 10,219 6.20% 11,978 7.82% 14,574 6.50% 15,40023-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 5.09% 10,509 7.23% 12,332 8.51% 15,053 7.41% 16,323

Axis Gilt Fund - Direct Plan - Growth 2.73% 10,273 6.75% 12,167 8.36% 14,946 6.93% 14,860 01-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 5.09% 10,509 7.23% 12,332 8.51% 15,053 7.14% 15,035Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes. Please refer to annexure on Page 39-40 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Government Bond 70.92% Treasury Bill 25.02% Net Current Assets 4.06%

SOV & Equivalent 100.00%

ENTRY & EXIT LOAD




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendNov 26, 2018 9.7998 9.0746 1,021.0659 1,007.4611 10.1032 9.3559 1,021.4887 1007.4622Oct 25, 2018 3.5657 3.3018 1,012.4113 1007.4611 3.9305 3.6389 1,012.9178 1007.4622Aug 27, 2018 5.0066 6.6666 1,014.4117 1,007.4611 5.2203 4.8344 1,014.7100 1007.4622


PORTFOLIO

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

1,658.91 Cr.


1,822.81 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index

AVERAGE MATURITY*



8.32%



FUND MANAGER


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

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

23

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Banking & PSU Debt Fund - Growth 6.85% 10,685 7.53% 12,434 8.12% 14,784 8.29% 16,76108-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 4.28% 10,428 6.79% 12,182 8.14% 14,795 8.19% 16,661

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 16,020Axis Banking & PSU Debt Fund - Direct Plan - Growth 7.15% 10,715 7.75% 12,513 8.34% 14,934 8.39% 16,106

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 4.28% 10,428 6.79% 12,182 8.14% 14,795 7.95% 15,720NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 15,376Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ̀ 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 5 schemes at Axis Mutual Fund. Please refer to annexure on Page 39 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).





Small Industries Dev Bank of India CARE AAA 10.49%


NABARD CRISIL AAA 9.67%

National Highways Auth Of Ind CRISIL AAA 8.58%


Food Corporation Of India CRISIL AAA(SO) 7.88%



NHPC Limited ICRA AAA 2.87%


Indian Railway Finance Corporation Limited

CRISIL AAA 1.07%


Jamnagar Utilities & Power Private Limited CRISIL AAA 1.04%

STATE GOVERNMENT BOND 3.53%

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

Sovereign 2.15%

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

Sovereign 1.38%




GRAND TOTAL 100.00%

Corporate Bond 88.82% State Government Bond 3.53% Zero Coupon Bond 1.38% Net Current Assets 6.27%


ENTRY & EXIT LOAD


Quick Take - Equity

•

•

•

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

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

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

•

•

•

•

retracement, which is a sentimental positive for the economy.Q2 GDP numbers are the effect of base impact and should not be read into as poor numbers.Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward perspective.We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds.

Oil & Rupee have seen a significant

10 yr G-Sec : Last 1 year

7.60%

7.08%

6.4%

HYBRIDOUTLOOK

DECEMBER 2018

Key highlights


Investors

Equity Investors

Debt Investors

••

•

•

•

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

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

Distributors

•

•

•




Equity Markets rebounded this month as a significant fall in crude prices improved market sentiments. Frontline indices, S&P BSE Sensex & NIFTY 50 gained 5.1% and 4.7% respectively for the month. Mid and small caps remained tepid as sentiment continued to remain weak. NIFTY Midcap 100 Index & NIFTY Small cap 100 Index were up 1.8% & 2.5% respectively for the month.Foreign Portfolio Investors (FPI) returned to Indian capital markets as global uncertainty, global fundamentals and cheaper valuations caught the eye of investors. The fall in crude and sharp corrections in August and September added to the market attractiveness in India. FPIs invested ~11,500 Cr across equity and debt markets during the month. Domestic mutual funds continue to support markets as retail investors remain bullish on the equity market story. SIP`s continue to sustain despite market volatility highlighting maturity of domestic investors.

• Currency & Oil: Crude oil saw its worst month in more than a decade as global politics and supply concerns saw crude tumble to its lowest levels this year. Significant production ramp over the last few quarters led the US to dethrone Saudi Arabia & Russia as the world’s largest oil producer in October 2018. The India crude basket ended the month at US$ 58.56/barrel down 23% this month. The INR also saw significant strength on the back of this to end the month at 69.78

• 10 Year at 7.60%: The benchmark yield on the 10 Year G-Sec fell 15bps during the month from 7.85% to 7.60%. Bond markets continued to remain volatile as recoveries in crude and the currency gave the markets some respite in an otherwise volatile environment. FPIs returned to the market with a Rs 5,600 Cr inflow this month

• India Q2 GDP Numbers: Q2 FY19 GDP growth came in at 7.1% missing analysts’ estimates. The unexpected slowdown in GDP growth comes despite robust high frequency data and reasonable corporate earnings. The growth has largely been supported by government-enabled construction activity, electricity and public spending.

• Inflation – Remains Benign: Consumer price inflation eased to 3.31% in October from a downward revised print of 3.7% in September. Modest food inflation continues to be reason for lower than expected retail inflation. Core inflation, however, rose above 6 percent in October. CPI inflation has been persistently below RBI’s estimates. This is likely to reduce the pressure on RBI to raise rates.

• Eye on RBI & the Fisc: Falling crude prices and tepid inflation numbers are likely to be the focal points of RBI’s bi-monthly monetary policy committee meeting next week. Lower GST collection coupled with rising public expenditure in election season is likely to put pressure on the government’s fiscal math.

• Market Liquidity: Debt market liquidity hobbled back to normalcy as NBFC’s and HFC’s returned to the markets to raise fresh borrowing. Rates across the CP & CD markets returned to pre-IL&FS levels as confidence was restored by issuer buybacks and regulatory intervention.

• Global Action – Positive for EMs: On the global front, The US & China agreed to a temporary truce on the side lines of the G-20 summit. This likely reduction in trade hostilities is seen as the first step to normalization of trade relations between the two largest trading partners. The US fed hinted at a dovish stance as it pointed to fewer rate hikes in the months to come spurring EM currencies and bonds.

Key Events During the Month

Market ViewEquity MarketsThe markets have seen bouts of volatility over the last few months and currently offer reasonable valuations in select pockets. While we are less pessimistic than 3 months ago given lower crude prices, we continue to remain cautious in the run up to election season and global macro factors. Knee jerk reactions to news events are likely to remain part and parcel of equity markets for the next few quarters. Hence, Investors are advised to deploy funds in a phased manner. Systematic investments into equity products could also help investors ride out short term volatility.Debt MarketsCrude has been an impediment to the India story over the past few quarters. Last month’s outsized fall has been positive for the economy given the import reliance. This has reflected in the fall in rates and the currency. Any material up move from current levels is likely to be seen as negative for the economy. Q2 GDP numbers have to be seen in context of a normalizing base post the GST implementation last year. While the full impact of GST on the GDP base has not been captured, we anticipate the high crude oil prices during the quarter may have exasperated the downtick. The long term story continues to remain intact given the strong high frequency numbers and strong corporate earnings.Since April 2018, the RBI has conducted OMOs to the tune of 1,36,000 Cr and a likely additional Rs 40,000 Cr in December 2018 in an attempt to alleviate liquidity concerns in the markets. This has propped up bond markets. The fall in the currency may minimize RBI intervention given the rupee is now at a comfortable level, further minimizing the need for OMOs. However, Q4 is typically a tight quarter and additional liquidity pressures may arise.We do not believe that there is a material risk of financial instability and hence the RBI is likely to continue to focus on inflation trajectory. With the current inflation trajectory, we feel that the average inflation for the year would be around 5% band and hence we don't feel terminal repo rate to be above 6.75-7% till March 2019. Hence we feel RBI will at max 25-50 bps rate hikes in next 6-12 months. Long bonds are likely to remain in a range of 7.60% - 8.20% on the 10-year G-Sec.Currently, the curve offers significant opportunities from investment perspective as markets are pricing in more than 1 hike till March 2019. Corporate bonds in the 1-3-year space currently trade at a premium of 200 bps over the operative rate which we believe offers significant opportunities and thus prefer this space.

Quick Take - Fixed Income

24

Source: Bloomberg, Axis MF Research.

Please refer to page no 35-36, 40, 41-42 for NAV, TER, Riskometer & Statutory Details.25

COMPOSITION BY RATING (%)DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

750.95 Cr.


760.64 Cr.

BENCHMARK

NIFTY50 Equity Savings Index

Mr. Anupam TiwariWork experience: 13 years.

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



FUND MANAGER

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

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

25

AVERAGE MATURITY@*


@*


8.40%PORTFOLIO TURNOVER# (1 YEAR)

4.62 times


Issuer Industry/Rating Equity Exposure

Derivate Exposure

Net Exposure % of Net Assets

EQUITY 65.41% -26.35% 39.06%Mahindra & Mahindra Financial Services Limited Finance 6.80% -5.48% 1.31%HDFC Limited Finance 5.34% -2.42% 2.92%Maruti Suzuki India Limited Auto 4.61% -3.54% 1.07%HDFC Bank Limited Banks 4.60% -0.15% 4.45%Yes Bank Limited Banks 4.20% -4.22% -0.02%Reliance Industries Limited Petroleum Products 3.80% -0.19% 3.61%Hindustan Unilever Limited Consumer Non Durables 2.94% -1.02% 1.92%Tata Consultancy Services Limited Software 2.73% -0.02% 2.71%Infosys Limited Software 2.68% 2.68%Kotak Mahindra Bank Limited Banks 2.39% 2.39%Britannia Industries Limited Consumer Non Durables 2.31% -0.30% 2.01%ICICI Bank Limited Banks 2.06% -0.76% 1.30%Bajaj Finance Limited Finance 1.87% -0.04% 1.82%Century Textiles & Industries Limited Cement 1.76% -1.76% 0.00%Bandhan Bank Limited Banks 1.70% 1.70%Sundaram Finance Limited Finance 1.40% 1.40%Cholamandalam Investment and Finance Company Limited

Finance 1.26% 1.26%

Nestle India Limited Consumer Non Durables 0.96% 0.96%Cummins India Limited Industrial Products 0.95% 0.95%TCNS Clothing Co. Limited Textile Products 0.94% 0.94%Adani Power Limited Power 0.79% -0.79% 0.00%Voltas Limited Construction Project 0.73% 0.73%Wipro Limited Software 0.65% 0.65%Larsen & Toubro Limited Construction Project 0.65% 0.65%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.63%DEBT SECURITIES 30.90%CORPORATE BOND 15.85%ICICI Bank Limited ICRA AA+ 3.38%Reliance Industries Limited CRISIL AAA 2.51%Punjab National Bank IND A+ 2.38%Piramal Capital & Housing Finance Limited ICRA AA+ 1.70%Dewan Housing Finance Corporation Limited BWR AAA 1.30%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.88%

Power Grid Corporation of India Limited CRISIL AAA 0.66%REC Limited CRISIL AAA 0.64%Union Bank of India BWR AA 0.63%NABARD CRISIL AAA 0.61%Muthoot Finance Limited CRISIL AA 0.53%Syndicate Bank CARE A+ 0.38%Bank of Baroda CARE AA 0.26%FIXED DEPOSIT 8.41%HDFC Bank Limited FIXED DEPOSIT 8.28%Axis Bank Limited FIXED DEPOSIT 0.13%GOVERNMENT BOND 0.77%8.28% GOI (M/D 21/09/2027) SOVEREIGN 0.68%7.72% GOI (MD 26/10/2055) SOVEREIGN 0.05%7.35% GOI (MD 22/06/2024) SOVEREIGN 0.03%COMMERCIAL PAPER 5.87%Reliance Jio Infocomm Limited CARE A1+ 3.28%LIC Housing Finance Limited CRISIL A1+ 2.59%PASS THROUGH CERTIFICATE 0.28%IIERT TRUST CRISIL AAA(SO) 0.28%CASH & OTHER NET CURRENT ASSETS 3.40%NET ASSETS 100.00%

PORTFOLIO

Unhedged Equity 39.06% Debt, Cash & Other receivables 34.59% Hedged Equity 26.35%



AAA, SOV & Equivalent 24.45% AA+ 5.96% AA 1.41% A+ 2.76%



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 26, 2018 0.0553 0.0553 10.5500 10.4800 0.0553 0.0553 10.9500 10.8800Oct 25, 2018 0.0553 0.0553 10.2925 10.2300 0.0553 0.0553 10.6725 10.6100

Monthly Dividend Sep 25, 2018 0.0553 0.0553 10.7425 10.6800 0.0553 0.0553 11.1325 11.0700

Quarterly DividendSep 25, 2018 0.1660 0.1660 10.8975 10.7100 0.1660 0.1660 11.2975 11.1100Jun 25, 2018 0.1660 0.1660 11.0100 10.8200 0.1660 0.1660 11.3800 11.1900Mar 26, 2018 0.1875 0.1875 10.7975 10.6100 0.1875 0.1875 11.1175 10.9300Dec 26, 2017 0.1875 0.1875 10.9975 10.8100 0.1875 0.1875 11.2975 11.1100


DIVIDENDS


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


CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value ofInvestment of`. 10,000/-

CAGR (%)


CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Equity Saver Fund - Growth 6.36% 10,636 7.62% 12,467 NA NA 6.69% 12,38014-Aug-15NIFTY50 Equity Savings Index (Benchmark) 6.49% 10,649 8.68% 12,838 NA NA 7.55% 12,714

Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 NA NA 9.06% 13,312Axis Equity Saver Fund - Direct Plan - Growth 7.51% 10,751 8.94% 12,932 NA NA 7.97% 12,880

14-Aug-15NIFTY50 Equity Savings Index (Benchmark) 6.49% 10,649 8.68% 12,838 NA NA 7.55% 12,714Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 NA NA 9.06% 13,312Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 6 schemes & R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 38 & 39 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD

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


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

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

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

27

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,458.58 Cr.


2,474.69 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index

AVERAGE MATURITY*

333 yearsMODIFIED DURATION*

270 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.26%

Mr. Anupam TiwariWork experience: 13 years.


Mr. Ashwin PatniWork experience: 16 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 20 years.




Derivate Exposure


EQUITY 66.06% -31.61% 34.45%

Reliance Industries Limited Petroleum Products 5.50% -2.81% 2.68%

HDFC Bank Limited Banks 3.92% -1.19% 2.73%

Wipro Limited Software 3.35% -2.76% 0.59%

HDFC Limited Finance 3.30% -1.38% 1.92%

ITC LimitedConsumer Non Durables

3.09% -3.10% -0.01%

Britannia Industries LimitedConsumer Non Durables

2.92% -1.23% 1.69%

Infosys Limited Software 2.90% -1.25% 1.65%

Maruti Suzuki India Limited Auto 2.75% -1.76% 0.99%

Tata Consultancy Services Limited Software 2.36% -0.43% 1.93%

Bajaj Finance Limited Finance 2.24% -1.01% 1.23%

ICICI Bank Limited Banks 2.21% -1.24% 0.96%

Hindustan Unilever LimitedConsumer Non Durables

2.12% -0.56% 1.55%

Yes Bank Limited Banks 1.85% -1.86% -0.01%

Kotak Mahindra Bank Limited Banks 1.83% -0.27% 1.56%

Bandhan Bank Limited Banks 1.35% 1.35%

Sundaram Finance Limited Finance 1.35% 1.35%

Nestle India LimitedConsumer Non Durables

1.33% -0.17% 1.16%

Mahindra & Mahindra Financial Ser-vices Limited

Finance 1.33% -0.09% 1.24%

Bank of Baroda Banks 1.11% -1.11% 0.00%

Aurobindo Pharma Limited Pharmaceuticals 1.05% -1.05% 0.00%

TCNS Clothing Co. Limited Textile Products 1.03% 1.03%

Page Industries Limited Textile Products 0.95% 0.95%


Finance 0.93% 0.93%

Larsen & Toubro Limited Construction Project 0.93% 0.93%

Asian Paints LimitedConsumer Non Durables

0.78% -0.79% 0.00%

City Union Bank Limited Banks 0.78% 0.78%

MRF Limited Auto Ancillaries 0.76% -0.05% 0.71%

Varroc Engineering Limited Auto Ancillaries 0.64% 0.64%

Endurance Technologies Limited Auto Ancillaries 0.61% 0.61%

Shree Cement Limited Cement 0.59% -0.30% 0.29%

Divi's Laboratories Limited Pharmaceuticals 0.58% 0.58%

ACC Limited Cement 0.55% -0.04% 0.51%

Cummins India Limited Industrial Products 0.50% 0.50%

Amber Enterprises India Limited Consumer Durables 0.50% 0.50%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS)

1.20%

DEBT SECURITIES 27.04%



CARE AAA/BWR AAA

1.75%

Shriram Transport Finance Company Limited

CRISIL AA+ 1.68%






Tata Power Company Limited IND AA 1.15%


NABARD IND AAA 0.81%


PORTFOLIO

Unhedged Equity 34.45% Debt, Cash & Other receivables 33.94% Hedged Equity 31.61%



AAA, SOV & Equivalent 23.15% AA+ 3.20% AA 5.17% A+ 0.68% AA- 1.75%



Period 1 Year Since Inception

CAGR (%)


CAGR (%)


Date of inception

Axis Dynamic Equity Fund - Growth 3.90% 10,390 4.92% 10,6601-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 6.06% 10,606 5.31% 10,713

Nifty 50 (Additional Benchmark) 7.82% 10,782 6.92% 10,932Axis Dynamic Equity Fund - Direct Plan - Growth 5.62% 10,562 6.69% 10,900

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 6.06% 10,606 5.31% 10,713Nifty 50 (Additional Benchmark) 7.82% 10,782 6.92% 10,932Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since inception and he manages 6 schemes , R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Ashwin Patni is managing the scheme since inception and he manages 21 schemes. Please refer to annexure on Page 38&39 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


Derivate Exposure



Piramal Enterprises Limited ICRA AA 0.40%


UltraTech Cement Limited CRISIL AAA 0.21%

Piramal Capital & Housing Finance Limited

ICRA AA+ 0.20%




Larsen & Toubro Limited CRISIL AAA 0.04%

FIXED DEPOSIT 5.66%

HDFC Bank Limited Fixed Deposit 5.66%




ICRA AA+ 0.34%



JM Financial Products Limited [ICRAA1+ 2.01%

CASH & OTHER NET CURRENT AS-SETS

6.89%

NET ASSETS 100.00%

ENTRY & EXIT LOAD

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


AXIS EQUITY HYBRID FUND

29

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

The Scheme does not assure or guarantee any returns.

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


PORTFOLIO

MONTHLY AVERAGE

2,226.58 Cr.


2,276.63 Cr.

BENCHMARK

CRISIL Hybrid 35+65 - Aggres-

sive Index

Mr. Ashish Naik Work experience: 11 years.




FUND MANAGER

DATE OF ALLOTMENT

9th August 2018

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

Instrument Type/Issuer Name Industry/ Rating % OF NAVEQUITY 67.29%

HDFC BANK LIMITED Banks 6.94%









ITC Limited Consumer Non Durables 2.20%








Shree Cement Limited Cement 1.48%





Torrent Pharmaceuticals Limited Pharmaceuticals 1.09%



Container Corporation of India Limited Transportation 1.00%


PI Industries Limited Pesticides 0.89%

Max Financial Services Limited Finance 0.79%

Hero MotoCorp Limited Auto 0.76%


Tech Mahindra Limited Software 0.68%

UltraTech Cement Limited Cement 0.62%

HDFC Standard Life Insurance Company Limited Finance 0.60%



DEBT SECURITIES

CBLO/TRI PARTY REPO 16.26%



NABARD ICRA A1+ 2.17%


Dewan Housing Finance Corporation Limited CARE AAA 1.07%

Indian Railway Finance Corporation Limited CRISIL AAA 1.08%




REC LIMITED CRISIL AAA 0.65%

MARGIN FIXED DEPOSIT 1.10%

HDFC Bank Limited 1.10%


GRAND TOTAL 100.00%


AVERAGE MATURITY*@

176 daysMODIFIED DURATION*@


7.27%

DEBT COMPONENT


EQUITY 68.09% Debt, Cash & other current assets 31.91%



ENTRY & EXIT LOAD

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

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

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

Quarterly Dividend

Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Sep 25, 2018 - - - - 0.1800 0.1667 13.5143 13.2643Jun 25, 2018 0.1440 0.1334 10.8254 10.6254 0.1800 0.1667 13.7449 13.4949Mar 26, 2018 0.1805 0.1672 10.8963 10.6463 0.1805 0.1672 13.7410 13.4910

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

PORTFOLIO

Instrument Type/Issuer Name Industry/Rating

% OF NAV

EQUITY 21.53%



Larsen & Toubro LimitedConstruction Project

1.16%














Multi Commodity Exchange of India Limited Finance 0.59%






0.51%


0.50%


DEBT SECURITIES




Mahindra & Mahindra Financial Services Limited IND AAA 8.36%

Adani Transmission Limited IND AA+ 6.75%

Dewan Housing Finance Corporation Limited BWR AAA 6.66%




National Highways Auth Of Ind CRISIL AAA 3.28%



Blue Dart Express Limited ICRA AA 0.01%





TREASURY BILL 1.67%

91 Days Tbill (MD 18/01/2019) Sovereign 1.67%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT


297.93 Cr.


295.94 Cr.

AVERAGE MATURITY@*

1yearsMODIFIED DURATION

@*


8.95%

Mr. Ashish NaikWork experience: 11 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER


He has been managing this fund since 07th June 2016

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

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

DIVIDENDS

30

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Growth 3.46% 10,346 6.35% 12,032 9.06% 15,435 7.90% 18,919

16-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark)

6.43% 10,643 8.71% 12,851 9.64% 15,854 8.95% 20,510

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

2.58% 10,258 6.52% 12,090 8.10% 14,768 NA NA

Axis Regular Saver Fund - Direct Plan - Growth

4.65% 10,465 7.78% 12,522 10.63% 16,583 9.81% 17,382

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

6.43% 10,643 8.71% 12,851 9.64% 15,854 9.25% 16,860


2.58% 10,258 6.52% 12,090 8.10% 14,768 6.49% 14,496

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 33 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 38&40 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


COMPOSITION BY ASSETS (%) Corporate Bond 62.43% Equity 21.53% Commercial Paper 6.64% Zero Coupon Bond 1.90% Treasury Bill 1.67% Net Current Assets 5.82%


AAA, SOV & Equivalent 61.19% AA+ 6.75% AA 5.16% A+ 3.70% AA- 1.67%

ENTRY & EXIT LOAD

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


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

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

31


PORTFOLIO

Issuer Industry/Rating


EQUITY 72.38%

HDFC BANK LIMITED Banks 7.84%






2.87%













1.62%


1.60%






1.45%






City Union Bank Limited Banks 1.21%

V-Guard Industries LimitedIndustrial Capital Goods

1.17%



Camlin Fine Sciences Limited Chemicals 0.75%

Blue Dart Express Limited Transportation 0.56%














FIXED DEPOSIT 0.51%

Axis Bank Limited Fixed Deposit 0.51%


7.37% GOI (MD 16/04/2023) Sovereign 1.27%

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

TREASURY BILL 2.04%

91 DAYS TBILL (MD 27/12/2018) Sovereign 2.04%


IDFC BANK LIMITED ICRA AA+ 2.51%


CASH & OTHER NET CURRENT ASSETS 1.82%

NET ASSETS 100.00%



DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

380.94 Cr.


390.92 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index

AVERAGE MATURITY@*


@*


8.97%


He has been managing this fund since 6th July 2016


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

FUND MANAGER

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

Period 1 Year Since Inception

CAGR (%)


CAGR (%)


Date of inception

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

1.77% 10,177 8.00% 12,579

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark)

6.66% 10,666 11.61% 13,874

Nifty 50 (Additional Benchmark) 7.82% 10,782 13.78% 14,692Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

3.40% 10,340 9.76% 13,199


6.66% 10,666 11.61% 13,874

Nifty 50 (Additional Benchmark) 7.82% 10,782 13.78% 14,692Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

1.77% 10,177 8.00% 12,578


6.66% 10,666 11.61% 13,874

Nifty 50 (Additional Benchmark) 7.82% 10,782 13.78% 14,692Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

3.52% 10,352 10.06% 13,306


6.66% 10,666 11.61% 13,874

Nifty 50 (Additional Benchmark) 7.82% 10,782 13.78% 14,692Past 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 6 schemes & R. Sivakumar manages 7 schemes. Please refer to annexure on Page 38 for performance of all schemes managed by the fund managers.

COMPOSITION BY ASSETS (%) Unhedged Equity 72.38% Debt, Cash & Other receivables 27.62%

AAA, SOV & Equivalent 12.59% AA+ 6.26% AA 4.48% AA- 2.53% A+ 1.77%

ENTRY & EXIT LOAD

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


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

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

32


PORTFOLIO

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

275.90 Cr.


280.19 Cr.

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

Index + 15% of INR Price of Gold

AVERAGE MATURITY@*

3.9 years


He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER


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

Regular Plan

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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

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

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Triple Advantage Fund - Growth 1.68% 10,168 7.49% 12,423 7.55% 14,395 7.63% 18,378

23-Aug-10

65% of Nifty 50 + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold (Benchmark)

6.40% 10,640 10.77% 13,597 10.94% 16,816 9.14% 20,632


2.58% 10,258 6.52% 12,090 8.10% 14,768 NA NA

Axis Triple Advantage Fund - Direct Plan - Growth

2.67% 10,267 8.68% 12,841 8.76% 15,224 7.60% 15,423

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

6.40% 10,640 10.77% 13,597 10.94% 16,816 9.59% 17,185


2.58% 10,258 6.52% 12,090 8.10% 14,768 6.56% 14,565

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 7 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 38 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR).

MODIFIED DURATION@*



0.78 times



EQUITY 74.28%






3.53%










2.21%


Container Corporation of India Limited Transportation 2.09%






1.65%




1.33%



Camlin Fine Sciences Limited Chemicals 1.04%



Blue Dart Express Limited Transportation 0.64%






Sikka Ports and Terminals Limited CRISIL AAA 1.46%

India Infrastructure Fin Co Ltd CRISIL AAA 0.94%



Hindalco Industries Limited CRISIL AA 0.18%


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

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

TREASURY BILL 0.71%

91 Days Tbill (MD 27/12/2018) Sovereign 0.71%

GOLD 11.06%

Axis Mutual Fund 11.06%


NET ASSETS 100.00%

COMPOSITION BY ASSETS (%) Unhedged Equity 74.28% Debt, Cash & Other receivables 14.66% Gold 11.06%


AAA, SOV & Equivalent 13.62% AA 1.04%

ENTRY & EXIT LOAD

Entry Load :NA

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

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

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


DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

2,046.14 Cr.


2,091.81 Cr.

BENCHMARK

Nifty 50 Arbitrage Index

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

27th April 2015

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

inception.

FUND MANAGER

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

(An Open Ended Scheme Investing In Arbitrage Opportunities )

33

AVERAGE MATURITY*@

77 daysMODIFIED DURATION*@



12.61 times



% Of Net Asset

Exposure EQUITY 67.00%

SUN PHARMACEUTICAL INDUSTRIES LIMITED Pharmaceuticals 9.15%

Housing Development Finance Corporation Limited Finance 8.09%




Reliance Industries LimitedPetroleum Products

3.76%

Mahindra & Mahindra Limited Auto 2.43%


Century Textiles & Industries Limited Cement 1.61%


United Spirits LimitedConsumer Non Durables

1.34%

Indiabulls Housing Finance Limited Finance 1.25%


ITC LimitedConsumer Non Durables

1.18%


Cadila Healthcare Limited Pharmaceuticals 1.02%

Tech Mahindra Limited Software 0.97%

Yes Bank Limited Banks 0.97%


Tata Steel Limited Ferrous Metals 0.82%

Adani Power Limited Power 0.75%

Capital First Limited Finance 0.71%

HCL Technologies Limited Software 0.67%


IDBI Bank Limited Banks 0.62%

UPL Limited Pesticides 0.57%

Bharat Forge Limited Industrial Products 0.56%

Punjab National Bank Banks 0.54%




NABARD CRISIL A1+ 1.88%

Equitas Small Finance Bank Limited CRISIL A1+ 1.18%



NABARD IND AAA 1.19%

Tata Capital Financial Services Limited CRISIL AAA 1.18%




ICRA AA+ 0.48%

India Infoline Finance Limited ICRA AA 0.48%




L&T Finance Limited ICRA AAA 0.18%


FIXED DEPOSIT 11.23%

HDFC Bank Limited Fixed Deposit 11.23%


Dewan Housing Finance Corporation Limited CARE AAA 1.14%






HDFC LimitedCRISIL A1+/ICRA A1+CRISIL AAA

1.18%


Kotak Mahindra Investments Limited CRISIL A1+ 0.62%

Edelweiss Commodities Services LimitedCRISIL A1+/ICRISIL AA

0.54%

Shriram Transport Finance Company Limited CRISIL A1+ 0.24%

Vedanta Limited ICRAA1+ 0.24%


NET ASSETS 100.00%

PORTFOLIO


CAGR (%)


CAGR (%)


CAGR (%)


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Arbitrage Fund - Growth 6.45% 10,645 6.23% 11,991 NA NA 6.60% 13,162

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.82% 10,482 5.22% 11,652 NA NA 6.01% 12,849

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.54% 13,669

Axis Arbitrage Fund - Direct Plan - Growth 7.33% 10,733 7.11% 12,290 NA NA 7.49% 13,641

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.82% 10,482 5.22% 11,652 NA NA 6.01% 12,849

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.54% 13,669Past 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 33 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 21 schemes. Please refer to annexure on Page 39-40 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 19, 2018 0.0442 0.0442 10.5270 10.4770 0.0442 0.0442 11.0477 10.9977

Dividend

Oct 21, 2018 0.0442 0.0442 10.5149 10.4649 0.0442 0.0442 11.0263 10.9763

Sep 25, 2018 0.0442 0.0442 10.4992 10.4492 0.0442 0.0442 11.0009 10.9509

Aug 23, 2018 0.04 0.04 10.4998 10.4555 0.04 0.04 10.9912 10.9469Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.

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

ENTRY & EXIT LOAD


DIVIDENDS

34

Axis Bluechip Fund - Growth Option

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

Total Amount Invested 10,60,000 6,00,000 3,60,000 1,20,000Market value as on November 30, 2018 19,38,783 8,17,108 4,40,896 1,23,422Returns (Annualised) 13.23% 12.31% 13.63% 5.34%Benchmark Returns (Annualised) 11.51% 11.14% 12.41% 4.52%Additional Benchmark Returns (Annualised) 11.83% 11.66% 13.85% 7.23%

SIP PERFORMANCE OF SELECT SCHEMES (as on 30th November 2018)

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


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

Total Amount Invested 9,30,000 6,00,000 3,60,000 1,20,000Market value as on November 30, 2018 18,75,826 8,41,933 4,32,977 1,20,046Returns (Annualised) 17.65% 13.52% 12.37% 0.07%Benchmark Returns (Annualised) 14.92% 12.48% 7.10% -11.98%Additional Benchmark Returns (Annualised) 12.10% 11.14% 12.41% 4.52%

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

Axis Focused 25 Fund - Growth Option

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


^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 OptionSIP Investments Since Inception SIP 3 Year SIP 1 Year SIP

Total Amount Invested 3,90,000 3,60,000 1,20,000Market value as on November 30, 2018 4,41,033 4,03,644 1,23,061Returns (Annualised) 7.52% 7.58% 4.77%Benchmark Returns (Annualised) 8.33% 8.30% 5.67%Additional Benchmark Returns (Annualised) 12.33% 12.41% 4.52%

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

Axis Triple Advantage Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested 9,90,000 6,00,000 3,60,000 1,20,000

Market value as on November 30, 2018 13,34,309 6,98,969 3,88,732 1,19,049

Returns (Annualised) 7.09% 6.05% 5.06% -1.47%

Benchmark Returns (Annualised) 9.72% 9.25% 9.51% 4.05%

Additional Benchmark Returns (Annualised) NA 6.46% 4.57% 8.29%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Regular Saver Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested 10,00,000 6,00,000 3,60,000 1,20,000

Market value as on November 30, 2018 14,05,967 7,12,273 3,92,274 1,21,663

Returns (Annualised) 8.00% 6.80% 5.66% 2.59%

Benchmark Returns (Annualised) 9.16% 8.50% 8.22% 6.41%

Additional Benchmark Returns (Annualised) NA 6.46% 4.56% 8.24%

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

Axis Dynamic Equity Fund - Growth OptionSIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 1,60,000 1,20,000Market value as on November 30, 2018 1,63,248 1,21,015Returns (Annualised) 2.88% 1.58%Benchmark Returns (Annualised) 5.82% 5.90%Additional Benchmark Returns (Annualised) 5.93% 4.52%

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

NAV

35

Option NAV (`)Dividend 15.73Growth 26.86Direct Plan - Dividend 17.06Direct Plan - Growth 28.77


Option NAV (`)Dividend Option 18.46Growth Option 26.49Direct Plan - Dividend 28.07Direct Plan - Growth 28.43

Option NAV (`)Dividend 10.80Growth 10.80Direct Dividend 10.98Direct Growth 10.99



Axis Bluechip Fund

Axis Liquid Fund

Axis Dynamic Bond Fund

Axis Banking & PSU Debt Fund

Axis Gilt Fund

Axis Treasury Advantage Fund

Axis Corporate Debt Fund

Axis Short Term Fund

Axis Strategic Bond Fund

Axis Long Term Equity Fund

Axis Focused 25 Fund

Axis Multicap Fund

Axis Midcap Fund

Axis Arbitrage Fund

Option NAV (`)Daily Dividend 1001.3998Growth 2015.4792Monthly Dividend 1001.7194Weekly Dividend 1002.9358Retail Daily Dividend 1000.9559Retail Growth 1906.1716Retail Monthly Dividend 1001.0590Retail Weekly Dividend 1001.4059Direct Bonus 2023.2456Direct plan - Daily Dividend Option 1000.9560Direct plan - Growth Option 2023.3627Direct plan - Monthly Dividend Option 1001.1314Direct plan - Weekly Dividend Option 1002.9434

Option NAV (`)Growth 18.2425Half Yearly Dividend 10.5682Quarterly Dividend 10.3968Direct Plan - Growth option 19.4746Direct Plan - Half Yearly Dividend option 11.3640Direct Plan - Quarterly Dividend option 10.6651

Option NAV (`)Growth 14.0976Monthly Dividend 10.1145Weekly Dividend 10.1876Direct Growth 14.8236Direct Monthly Dividend 10.0599Direct Weekly Dividend 10.2693

Option NAV (`)Daily Dividend 1008.0388Growth 1676.0567Monthly Dividend 1011.5776Weekly Dividend 1011.3979Direct Plan - Daily Dividend option 1008.0388Direct Plan - Growth option 1695.6632Direct Plan - Monthly Dividend option 1011.6048Direct Plan - Weekly Dividend option 1011.4283

Option NAV (`)Growth 15.3996Half Yearly Dividend 10.5385Regular Dividend 10.0875Direct Plan - Growth option 15.8788Direct Plan - Half Yearly Dividend option 10.5482Direct Plan - Regular Dividend option 10.0887

Option NAV (`)Daily Dividend 1006.2334Growth 2023.2556Monthly Dividend 1006.6351Weekly Dividend 1007.1885Retail Daily Dividend 1005.4758Retail Growth 1893.3848Retail Monthly Dividend 1006.6320Retail Weekly Dividend 1005.7865Direct Plan - Daily Dividend option 1007.2893Direct Plan - Growth option 2076.8570Direct Plan - Monthly Dividend option 1006.6888Direct Plan - Weekly Dividend option 1005.8381

Option NAV (`)Regular Plan Regular Dividend 10.9881Regular Plan Daily Dividend 10.0727Regular Plan Growth 10.9876Regular Plan Monthly Dividend 10.0752Regular Plan Weekly Dividend 10.0752Direct Plan Regular Dividend 11.1192Direct Plan Daily Dividend 10.0793Direct Plan Growth 11.1219Direct Plan Monthly Dividend 10.0761Direct Plan Weekly Dividend 10.0761

Option NAV (`)Bonus 19.6623Growth 19.5504Monthly Dividend 10.1759Weekly Dividend Option 10.2662Regular Dividend Option 13.0789Retail Growth 19.3298Retail Monthly Dividend 10.0409Retail Weekly Dividend Option 10.1744Direct Plan - Regular Dividend Option 12.4731Direct Plan - Growth option 20.4699Direct Plan - Monthly Dividend option 10.0432Direct Plan - Weekly Dividend option 10.2667

Option NAV (`)Growth 17.5703Half Yearly Dividend 10.5919Quarterly Dividend 10.2733Direct Plan - Growth option 18.4631Direct Plan - Half Yearly Dividend option 10.9440Direct Plan - Quarterly Dividend option 10.8698

Equity Funds (as on 30th November 2018)

Debt Funds (as on 30th November 2018)

Option NAV (`)Regular Plan Regular Dividend 10.1696Regular Plan Daily Dividend 10.0200Regular Plan Growth 10.1696Regular Plan Monthly Dividend 10.0278Regular Plan Weekly Dividend 10.0601Direct Plan Regular Dividend 10.1884Direct Plan Daily Dividend 10.0200Direct Plan Growth 10.1880Direct Plan Monthly Dividend 10.0304Direct Plan Weekly Dividend 10.0610

Axis Ultra Short Term Fund

Axis Credit Risk Fund

NAV

36

Option NAV (`)Regular Regular Dividend 9.79Regular Growth 9.79Regular Monthly Dividend 9.79Regular Quarterly Dividend 9.79Direct Regular Dividend 9.85Direct Growth 9.85Direct Monthly Dividend 9.85Direct Quarterly Dividend 9.85

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund

Option NAV (`)Regular Dividend 12.02Growth 12.38Monthly Dividend 10.62Quarterly Dividend 10.77Direct Regular Dividend 11.96Direct Growth 12.88Direct Monthly Dividend 11.03Direct Quarterly Dividend 11.19

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 13.1918Direct Plan - No Lock-In - Growth 13.3059No Lock-In - Dividend 12.5830No Lock-In - Growth 12.5779Compulsory Lock-In - Dividend 12.5857Compulsory Lock-In - Growth 12.5790Dir Plan - Comp Lock-In - Dividend 13.1919Dir Plan - Comp Lock-In - Growth 13.1987

Axis Dynamic Equity Fund


Option NAV (`)Growth Option 18.9185Dividend Option - Half Yearly 10.7423Dividend Option - Quarterly 10.7185Dividend Option - Annual 11.7559Direct Plan - Growth option 20.4613Direct Plan - Half Yearly Dividend option 11.5023Direct Plan - Quarterly Dividend option 13.4214Direct Plan - Annual Dividend option 12.5136

Axis Triple Advantage Fund


Hybrid Funds (as on 30th November 2018)

Fund Name Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount / in Multipules of (`)

Minimum Installments

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Axis Liquid Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- -

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

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

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

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

MINIMUM INVESTMENT AMOUNT DETAILS

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

37

1 Year 3 Years 5 Years Since Inception

Date of inception CAGR (%) CurrentValue of

Investmentof ` 10,000

CAGR (%) CurrentValue of


CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

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

05-Jan-109.68% 10,968 12.32% 14,174 15.02% 20,150 11.73% 26,860

Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 9.79% 22,983S&P BSE Sensex (Additional Benchmark) 10.52% 11,052 12.93% 14,405 13.27% 18,661 9.97% 23,315Axis Bluechip Fund - Direct Plan - Growth

01-Jan-1311.21% 11,121 13.69% 14,701 16.40% 21,390 15.64% 23,621

Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683S&P BSE Sensex (Additional Benchmark) 10.52% 11,052 12.93% 14,405 13.27% 18,661 12.54% 20,117Axis Midcap Fund - Growth

18-Feb-113.91% 10,391 11.27% 13,780 20.88% 25,838 17.25% 34,520

S&P BSE Midcap (Benchmark) -10.23% 8,977 12.27% 14,154 20.32% 25,243 12.55% 25,111Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 10.64% 21,972Axis Midcap Fund - Direct Plan - Growth

01-Jan-134.99% 10,499 12.54% 14,258 22.41% 27,509 18.30% 27,027

S&P BSE Midcap (Benchmark) -10.23% 8,977 12.27% 14,154 20.32% 25,243 14.76% 22,583Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683Axis Equity Advantage Fund - Series 1 - Growth@

25-May-174.23% 10,423 NA NA NA NA 6.99% 11,080

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 6.95% 10,695 NA NA NA NA 9.43% 11,466Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 10.94% 11,707Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-175.87% 10,587 NA NA NA NA 8.76% 11,360

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 6.95% 10,695 NA NA NA NA 9.43% 11,466Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 10.94% 11,707Axis Equity Advantage Fund - Series 2 - Growth@

03-Aug-176.80% 10,680 NA NA NA NA 5.09% 10,680

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 6.95% 10,695 NA NA NA NA 6.67% 10,893Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 7.75% 11,041Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-178.85% 10,885 NA NA NA NA 7.08% 10,950

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 6.95% 10,695 NA NA NA NA 6.67% 10,893Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 7.75% 11,041Axis Multicap Fund - Growth@

20-Nov-178.11% 10,811 NA NA NA NA 7.78% 10,800

Nifty 500 (Benchmark) 0.74% 10,074 NA NA NA NA 0.64% 10,066Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.87% 10,707Axis Multicap Fund - Direct Plan - Growth@

20-Nov-1710.01% 11,001 NA NA NA NA 9.62% 10,990

Nifty 500 (Benchmark) 0.74% 10,074 NA NA NA NA 0.64% 10,066Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.87% 10,707

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

29-Dec-095.82% 10,582 12.21% 14,133 20.52% 25,448 17.62% 42,559

S&P BSE 200 (Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 10.38% 24,145Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 9.98% 23,382Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-136.90% 10,690 13.43% 14,599 21.94% 26,995 20.77% 30,535

S&P BSE 200 (Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 12.95% 20,545Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683Axis Focused 25 Fund - Growth

29-Jun-124.17% 10,417 15.22% 15,303 17.02% 21,965 16.37% 26,490

Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 13.30% 22,301S&P BSE 200 (Additional Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 14.36% 23,681Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-135.37% 10,537 16.59% 15,856 18.45% 23,342 16.26% 24,383

Nifty 50 (Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 12.13% 19,683S&P BSE 200 (Additional Benchmark) 3.54% 10,354 12.65% 14,301 14.95% 20,086 12.95% 20,545Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec -16-2.23% 9,777 NA NA NA NA 9.19% 11,840

S&P BSE Midcap (Benchmark) -10.23% 8,977 NA NA NA NA 14.22% 12,909Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 18.16% 13,779Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan@

- Growth29-Dec -16

-0.73% 9,927 NA NA NA NA 10.91% 12,200

S&P BSE Midcap (Benchmark) -10.23% 8,977 NA NA NA NA 14.22% 12,909Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 18.16% 13,779

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

14-Aug-156.36% 10,636 7.62% 12,467 NA NA 6.69% 12,380

NIFTY 50 Equity Savings Index (Benchmark) 6.49% 10,649 8.68% 12,838 NA NA 7.55% 12,714Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 NA NA 9.06% 13,312Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-157.51% 10,751 8.94% 12,932 NA NA 7.97% 12,880

NIFTY 50 Equity Savings Index (Benchmark) 6.49% 10,649 8.68% 12,838 NA NA 7.55% 12,714Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 NA NA 9.06% 13,312Axis Triple Advantage Fund - Growth

23-Aug-101.68% 10,168 7.49% 12,423 7.55% 14,395 7.63% 18,378

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.40% 10,640 10.77% 13,597 10.94% 16,816 9.14% 20,632NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 #VALUE! #VALUE!Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-132.67% 10,267 8.68% 12,841 8.76% 15,224 7.60% 15,423

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.40% 10,640 10.77% 13,597 10.94% 16,816 9.59% 17,185NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 6.56% 14,565Axis Dynamic Bond Fund - Growth

27-Apr-114.65% 10,465 7.21% 12,325 8.48% 15,027 8.23% 18,243

NIFTY Composite Debt Index (Benchmark) 3.70% 10,370 6.97% 12,241 8.58% 15,097 8.12% 18,103NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 6.89% 16,596Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-135.58% 10,558 8.19% 12,666 9.68% 15,878 9.07% 16,711

NIFTY Composite Debt Index (Benchmark) 3.70% 10,370 6.97% 12,241 8.58% 15,097 7.83% 15,620NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 6.56% 14,565Axis Capital Protection Oriented Fund - Series 5 #

02-Nov-123.81% 10,381 6.52% 12,090 7.90% 14,630 7.64% 15,649

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 10.00% 16,111 9.12% 17,000NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.57% 15,579Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-151.77% 10,177 NA NA NA NA 8.00% 12,579

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874

Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-153.40% 10,340 NA NA NA NA 9.76% 13,199

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-151.77% 10,177 NA NA NA NA 8.00% 12,578

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-153.52% 10,352 NA NA NA NA 10.06% 13,306

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Dynamic Equity Fund - Growth

1-Aug-173.90% 10,390 NA NA NA NA 4.92% 10,660

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 6.06% 10,606 NA NA NA NA 5.31% 10,713Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.92% 10,932Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-175.62% 10,562 NA NA NA NA 6.69% 10,900

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 6.06% 10,606 NA NA NA NA 5.31% 10,713Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.92% 10,932

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

23-Aug-101.68% 10,168 7.49% 12,423 7.55% 14,395 7.63% 18,378

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.40% 10,640 10.77% 13,597 10.94% 16,816 9.14% 20,632NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 #VALUE! #VALUE!Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-132.67% 10,267 8.68% 12,841 8.76% 15,224 7.60% 15,423

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 6.40% 10,640 10.77% 13,597 10.94% 16,816 9.59% 17,185NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 6.56% 14,565Axis Regular Saver Fund£ - Growth #

16-Jul-103.46% 10,346 6.35% 12,032 9.06% 15,435 7.90% 18,919

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.43% 10,643 8.71% 12,851 9.64% 15,854 8.95% 20,510NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 #VALUE! #VALUE!Axis Regular Saver Fund£ - Direct Plan - Growth #

04-Jan-134.65% 10,465 7.78% 12,522 10.63% 16,583 9.81% 17,382

NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.43% 10,643 8.71% 12,851 9.64% 15,854 9.25% 16,860NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 2.58% 10,258 6.52% 12,090 8.10% 14,768 6.49% 14,496Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-151.77% 10,177 NA NA NA NA 8.00% 12,579

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 30th November 2018)

38






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-153.40% 10,340 NA NA NA NA 9.76% 13,199

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-151.77% 10,177 NA NA NA NA 8.00% 12,578

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-153.52% 10,352 NA NA NA NA 10.06% 13,306

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 6.66% 10,666 NA NA NA NA 11.61% 13,874Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 13.78% 14,692Axis Nifty ETF

03-Jul-177.77% 10,777 NA NA NA NA 11.36% 11,639

Nifty 50 (Benchmark) 7.82% 10,782 NA NA NA NA 10.62% 11,531FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 5 SCHEMES)

Axis Liquid Fund - Growth09-Oct-09

7.37% 10,737 7.26% 12,344 7.87% 14,610 7.96% 20,155NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 7.90% 20,056NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,482 6.86% 18,350Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.43% 10,743 7.34% 12,369 7.94% 14,658 8.15% 15,895

NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 7.95% 15,729NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,482 7.55% 15,382Axis Liquid Fund - Retail Plan - Growth

01-Mar-106.75% 10,675 6.68% 12,142 7.30% 14,225 7.65% 19,062

NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 8.11% 19,787NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,482 7.00% 18,085Axis Treasury Advantage Fund - Growth

09-Oct-096.82% 10,682 7.25% 12,340 7.84% 14,591 8.01% 20,233

NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.23% 20,611NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 6.86% 18,350Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-137.38% 10,738 7.79% 12,527 8.35% 14,941 8.56% 16,254

NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.17% 15,910NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 15,376Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-106.63% 10,663 6.79% 12,179 7.27% 14,210 7.57% 18,934

NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.34% 20,161NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.00% 18,082Axis Banking & PSU Debt Fund - Growth

08-Jun-126.85% 10,685 7.53% 12,434 8.12% 14,784 8.29% 16,761

NIFTY Banking & PSU Debt Index (Benchmark) 4.28% 10,428 6.79% 12,182 8.14% 14,795 8.19% 16,661NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 16,020Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-137.15% 10,715 7.75% 12,513 8.34% 14,934 8.39% 16,106

NIFTY Banking & PSU Debt Index (Benchmark) 4.28% 10,428 6.79% 12,182 8.14% 14,795 7.95% 15,720NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 15,376

FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Equity Saver Fund - Growth@

14-Aug-156.36% 10,636 7.62% 12,467 NA NA 6.69% 12,380

NIFTY50 Equity Savings Index (Benchmark) 6.49% 10,649 8.68% 12,838 NA NA 7.55% 12,714Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 NA NA 9.06% 13,312Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-157.51% 10,751 8.94% 12,932 NA NA 7.97% 12,880

NIFTY50 Equity Savings Index (Benchmark) 6.49% 10,649 8.68% 12,838 NA NA 7.55% 12,714Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 NA NA 9.06% 13,312Axis Small Cap Fund - Growth@@

29-Nov-13-7.88% 9,212 9.37% 13,086 21.11% 26,080 21.11% 26,080

Nifty Smallcap 100 (Benchmark) -27.93% 7,207 4.86% 11,533 15.49% 20,566 15.49% 20,566Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 13.37% 18,742Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-13-6.82% 9,318 10.60% 13,533 22.47% 27,580 22.47% 27,580

Nifty Smallcap 100 (Benchmark) -27.93% 7,207 4.86% 11,533 15.49% 20,566 15.49% 20,566Nifty 50 (Additional Benchmark) 7.82% 10,782 12.54% 14,260 13.37% 18,742 13.37% 18,742Axis Dynamic Equity Fund - Growth

1-Aug-173.90% 10,390 NA NA NA NA 4.92% 10,660

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 6.06% 10,606 NA NA NA NA 5.31% 10,713Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.92% 10,932Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-175.62% 10,562 NA NA NA NA 6.69% 10,900

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 6.06% 10,606 NA NA NA NA 5.31% 10,713Nifty 50 (Additional Benchmark) 7.82% 10,782 NA NA NA NA 6.92% 10,932Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec-16-2.23% 9,777 NA NA NA NA 9.19% 11,840

S&P BSE MidCap (Benchmark) -10.23% 8,977 NA NA NA NA 14.22% 12,909Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 18.16% 13,779Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan@ - Growth

29-Dec-16

-0.73% 9,927 NA NA NA NA 10.91% 12,200

S&P BSE MidCap (Benchmark) -10.23% 8,977 NA NA NA NA 14.22% 12,909Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 18.16% 13,779Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Growth@

27-Feb-17-2.05% 9,795 NA NA NA NA 8.07% 11,460

S&P BSE MidCap (Benchmark) -10.23% 8,977 NA NA NA NA 7.43% 11,341Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 13.75% 12,539Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan@ - Growth

27-Feb-17

-0.59% 9,941 NA NA NA NA 9.72% 11,770

S&P BSE MidCap (Benchmark) -10.23% 8,977 NA NA NA NA 7.43% 11,341Nifty 50 (Additional-l Benchmark) 7.82% 10,782 NA NA NA NA 13.75% 12,539

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Arbitrage Fund - Growth

14-Aug-146.45% 10,645 6.23% 11,991 NA NA 6.60% 13,162

Nifty 50 Arbitrage Index (Benchmark) 4.82% 10,482 5.22% 11,652 NA NA 6.01% 12,849NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.54% 13,669Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-147.33% 10,733 7.11% 12,290 NA NA 7.49% 13,641

Nifty 50 Arbitrage Index (Benchmark) 4.82% 10,482 5.22% 11,652 NA NA 6.01% 12,849NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.54% 13,669Axis Hybrid Fund - Series 24 - Growth

17-Jun-155.86% 10,586 7.96% 12,584 NA NA 5.84% 12,168

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 NA NA 8.42% 13,226NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.21% 12,723Axis Hybrid Fund - Series 24 - Direct Plan - Growth

17-Jun-157.33% 10,733 9.38% 13,090 NA NA 7.21% 12,721

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 NA NA 8.42% 13,226NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.21% 12,723Axis Hybrid Fund - Series 25 - Growth

25-Aug-155.80% 10,580 7.09% 12,284 NA NA 5.80% 12,022

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 NA NA 8.40% 13,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.17% 12,540Axis Hybrid Fund - Series 25 - Direct Plan - Growth

25-Aug-157.28% 10,728 8.51% 12,779 NA NA 7.18% 12,543

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 NA NA 8.40% 13,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 NA NA 7.17% 12,540

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 6 - Growth

16-Aug-132.61% 10,261 2.53% 10,779 5.04% 12,792 5.75% 13,443

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 10.00% 16,111 10.54% 17,000NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.93% 14,980Axis Hybrid Fund - Series 6 - Direct Plan - Growth

16-Aug-133.67% 10,367 3.55% 11,105 6.07% 13,433 6.79% 14,158

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 10.00% 16,111 10.54% 17,000NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.93% 14,980Axis Hybrid Fund - Series 7 - Growth

05-Sep-132.56% 10,256 2.76% 10,852 5.16% 12,866 5.81% 13,444


25-Jul-132.39% 10,239 2.02% 10,620 5.16% 12,866 5.08% 13,037


25-Jul-133.46% 10,346 3.04% 10,940 6.19% 13,506 6.10% 13,733

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.88% 10,388 8.31% 12,709 10.00% 16,111 9.81% 16,500NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.85% 14,987

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 33 SCHEMES)Axis Liquid Fund - Growth

09-Oct-097.37% 10,737 7.26% 12,344 7.87% 14,610 7.96% 20,155

NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 7.90% 20,056NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,482 6.86% 18,350Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.43% 10,743 7.34% 12,369 7.94% 14,658 8.15% 15,895

NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 7.95% 15,729NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,482 7.55% 15,382


39

40

Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.16% / 0.74% / 0.11%, Axis Treasury Advantage Fund : 0.72% / 0.72% / 0.25%, Axis Banking & PSU Debt Fund : 0.56% / 0.29%, Axis Short Term Fund : 0.91% / 0.91%/ 0.28%, Axis Dynamic Bond Fund : 1.41% / 0.62%, Axis Gilt Fund : 0.68% / 0.22%, Axis Strategic Bond Fund : 1.05% / 0.41%, Axis Credit Risk Fund : 1.70% / 0.58%, Axis Arbitrage Fund : 1.00% / 0.28%, Axis Corporate Debt Fund : 1.04% / 0.28%, Axis Regular Saver* : 2.49% / 1.35%, Axis Long Term Equity Fund*: 2.08% / 0.95%, Axis Focused 25 Fund* : 2.24% / 0.77%, Axis Bluechip Fund* : 2.30% / 0.90%, Axis Triple Advantage Fund* : 2.35% / 1.24%, Axis Midcap Fund*: 2.41% / 1.03%, Axis Equity Saver Fund* : 2.68% / 1.69%, Axis Children’s Gift Fund* : 2.49% / 0.95%, Axis Dynamic Equity Fund* : 2.29% / 0.68%, Axis Multi Cap Fund* : 2.27% / 0.61%, Axis Equity Hybrid Fund* : 2.27% / 0.58%, Axis Ultra Short Term Fund : 1.03% / 0.28%, Axis Growth Opportunities Fund* : 2.60% / 0.63%

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

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

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

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

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

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

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

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

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

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

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


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






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Liquid Fund - Retail - Growth

01-Mar-106.75% 10,675 6.68% 12,142 7.30% 14,225 7.65% 19,062

NIFTY Liquid Index (Benchmark) 7.25% 10,725 7.06% 12,275 7.71% 14,503 8.11% 19,787NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,482 7.00% 18,085Axis Corporate Debt Fund - Growth

13-Jul-177.07% 10,707 NA NA NA NA 7.04% 10,988

NIFTY Corporate Bond Index (Benchmark) 4.67% 10,467 NA NA NA NA 5.01% 10,700NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 NA NA NA NA 6.88% 10,965Axis Corporate Debt Fund - Direct Plan - Growth

13-Jul-178.00% 10,800 NA NA NA NA 7.99% 11,122

NIFTY Corporate Bond Index (Benchmark) 4.67% 10,467 NA NA NA NA 5.01% 10,700NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 NA NA NA NA 6.88% 10,965Axis Treasury Advantage Fund - Growth

09-Oct-096.82% 10,682 7.25% 12,340 7.84% 14,591 8.01% 20,233

NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.23% 20,611NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 6.86% 18,350Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-137.38% 10,738 7.79% 12,527 8.35% 14,941 8.56% 16,254

NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.17% 15,910NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.54% 15,376Axis Treasury Advantage Fund - Retail - Growth

03-Mar-106.63% 10,663 6.79% 12,179 7.27% 14,210 7.57% 18,934

NIFTY Low Duration Debt Index (Benchmark) 6.80% 10,680 7.36% 12,378 8.07% 14,750 8.34% 20,161NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 7.07% 12,278 7.68% 14,486 7.00% 18,082

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 33 SCHEMES)Axis Gold ETF

10-Nov-102.51% 10,251 4.18% 11,308 0.10% 10,049 3.51% 13,204

Domestic Price of Gold (Benchmark) 2.91% 10,291 6.42% 12,053 1.81% 10,942 3.95% 13,660Axis Hybrid Fund - Series 5 - Growth

25-Jul-132.39% 10,239 2.02% 10,620 5.16% 12,866 5.08% 13,037


25-Jul-133.46% 10,346 3.04% 10,940 6.19% 13,506 6.10% 13,733


01-Feb-164.20% 10,420 NA NA NA NA 9.06% 12,783

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) Benchmark) 4.47% 10,447 NA NA NA NA 8.73% 12,674NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 NA NA NA NA 7.05% 12,127Axis Hybrid Fund - Series 29 - Direct Plan - Growth

01-Feb-165.65% 10,565 NA NA NA NA 10.52% 13,272

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) Benchmark) 4.47% 10,447 NA NA NA NA 8.73% 12,674NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.10% 10,710 NA NA NA NA 7.05% 12,127Axis Gilt Fund - Growth

23-Jan-122.19% 10,219 6.20% 11,978 7.82% 14,574 6.50% 15,400

NIFTY All Duration G-Sec Index (Benchmark) 5.09% 10,509 7.23% 12,332 8.51% 15,053 7.41% 16,323Axis Gilt Fund - Direct Plan - Growth

01-Jan-132.73% 10,273 6.75% 12,167 8.36% 14,946 6.93% 14,860

NIFTY All Duration G-Sec Index (Benchmark) 5.09% 10,509 7.23% 12,332 8.51% 15,053 7.14% 15,035

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

41

PRODUCT LABELLINGAXIS BLUECHIP FUND (An open ended equity scheme predominantly investing in large cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instruments of large cap companies AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instrumentsAXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investing predominantly in equity & equity related instruments of Mid Cap companies. AXIS MULTICAP FUND (An open ended equity scheme investing across large cap, mid cap, small cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over medium to long terml Investment in a diversified portfolio consisting of equity and equity related instruments across market capitalization.AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long term l Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded fundsAXIS REGULAR SAVER FUND (An open ended hybrid scheme investing predominantly in debt instruments) This product is suitable for investors who are seeking*l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold) This product is suitable for investors who are seeking* l Capital Appreciation over medium to long terml Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking errorAXIS GOLD FUND (An open ended fund of fund scheme investing in Axis Gold ETF) This product is suitable for investors who are seeking*l Capital Appreciation over medium to long terml Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking errorAXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) This product is suitable for investors who are seeking* l Capital Appreciation while generating income over medium to long terml Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instrumentsAXIS CHILDREN’S GIFT FUND (An open ended fund for investment for children, having a lock-in of 5 years or till the child attains age of

majority (whichever is earlier)) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund) This product is suitable for investors who are seeking* l Capital appreciation & generating income over medium to long terml Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocationAXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investments in Equity & Equity related instruments covered by Nifty 50 IndexAXIS EQUITY HYBRID FUND (An open-ended hybrid scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* l Capital appreciation along with generation of income over medium to long term. l Investment in equity and equity related instruments as well as debt and money market instruments.AXIS GILT FUND (An open ended debt scheme investing in government securities across maturity) This product is suitable for investors who are seeking*l Credit risk free returns over medium to long terml Investment mainly in Government securities across maturities AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) This product is suitable for investors who are seeking*l Optimal returns over medium to long terml To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instrumentsAXIS CORPORATE DEBT FUND (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) This product is suitable for investors who are seeking* l Regular income over short to medium - terml Predominantly investing in corporate debtAXIS STRATEGIC BOND FUND (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)This product is suitable for investors who are seeking* l Optimal returns over medium terml Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidityAXIS ARBITRAGE FUND (An open ended scheme investing in arbitrage opportunities) This product is suitable for investors who are seeking* l Income over short to medium terml Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS CREDIT RISK FUND (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+

rated corporate bonds) This product is suitable for investors who are seeking* l Stable returns in the short to medium terml Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the

portfolio is between 1 year to 3 years)This product is suitable for investors who are seeking* l Regular income while maintaining liquidity over short term l Investment in debt and money market instrumentsAXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector

Undertakings & Public Financial Institutions)This product is suitable for investors who are seeking*l Regular income over short to medium terml Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay

duration of the portfolio is between 6 to 12 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in debt and money market instrumentsAXIS ULTRA SHORT TERM FUND (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay

duration of the portfolio is between 3 months and 6 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.AXIS LIQUID FUND (An open ended liquid scheme)This product is suitable for investors who are seeking*l Regular income over short terml Investment in debt and money market instruments

Riskometer

Investors understand that their principal will beat moderately 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

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

· axis strategic bond fund 20 axis credit risk fund 21 axis banking & psu debt fund 23 ......

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