mutual funds investment planning - mutual funds …...s&p bse sensex (additional benchmark)...

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

NAV’s

Load Structure And Minimum Investment Amount

Annexures

Expense Ratios

Product Labeling

5

Equity Outlook 6Axis Bluechip Fund 7Axis Focused 25 Fund 8Axis Midcap Fund 9Axis Long Term Equity Fund 10

Fixed Income Outlook 12Axis Liquid Fund 13

Axis Dynamic Bond Fund 16

Axis Strategic Bond Fund 18Axis Credit Risk Fund 19

Axis Banking and PSU Debt Fund 21

Axis Equity Saver Fund 23

Axis Regular Saver Fund 25Axis Children’s Gift Fund 26Axis Triple Advantage Fund 27

30

31

32

34

35

Axis Treasury Advantage Fund 14Axis Short Term Fund 15

Axis Gilt Fund 20

29SIP Performance Of Selected Schemes

Tax Reckoner 2

Axis Corporate Debt Fund 17

Axis Dynamic Equity Fund 24

Hybrid Outlook 22

Axis Multicap Fund 11

Axis Arbitrage Fund 28

EQUITYS E P T E M B E R 2 0 1 8

17.8%

2.9%

16.4%

QUICK TAKE

KEY HIGHLIGHTS

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

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

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

MARKET

CORPORATE

Improving global sentiment and strong earnings across sectors powered markets to lifetime highs. Frontline indices S&P BSE Sensex & NIFTY 50 were up 2.8% & 2.9% for the month respectively. NIFTY Midcap 100 and NIFTY Smallcap 100 indices saw a jump of 5.5% & 2.7% respectively. FPIs continued to be active buyers with net investments of ̀ 5,146 Cr across equity and debt markets.

1QF19 saw strong revenue growth trends across sectors. Breadth in revenue and net profit growth improved. NIFTY 50 companies' revenue and net profit growth was 17% and 4% YoY respectively. Excluding SBI and Tata Motors, revenue and net profit growth stood at 24% and 20% YoY. A snapshot of industry results is below.

Market Cap Range No Of Companies Reported Revenue Growth EBITDA Growth Net Profit Growth EBITDA Margins

Above ̀ 70,000 Cr 46 22% 19% 4% 23%

` 28,000 to 70,000 Cr 61 21% 26% 33% 17%

` 14,000 to 28,000 Cr 75 9% 34% 14% 23%

` 3,500 to 14,000 Cr 242 9% 5% -42% 20%

` 700 to 3,500 Cr 443 13% 9% 19% 15%

Less Than ̀ 700 Cr 2,947 1% 28% -63% 9%

Source: Morgan Stanley, Axis MF Research

Consumer price inflation in July rose 4.2 percent compared with the same month last year, declining from the five-month high of 5.0 percent in June. Retail inflation cooled more than expected in July due to subdued food prices after the Monetary Policy Committee raised interest rates for the second straight time.

Despite global tensions, India continues to remain largely unaffected in the global context. The Indian rupee fell to an all-time low of 70.85. In comparison with currencies of its trading partners, the Indian rupee continues to remain strong on a relative basis. Oil prices have remained at the US$70/bbl which has been budgeted for by the government. Any further jumps in Crude could be a cause for concern for both the RBI and the government.

High frequency indicators are consistent with growth recovery gathering pace in Q2 2018 and Q3 2018. Consumption growth remains the key driver, while exports growth has remained robust. On the investment side, capital goods imports and order inflows of engineering and construction companies indicate a nascent recovery.

Rural and consumption stories continue to remain attractive with a long term perspective. Here we are currently focusing on market place disruptors. There are two types of disruptors, Traditional bellwethers looking to reinvent the market place and new disruptors which enter the markets and change the way the industry does business. Our investment focus continues to remain quality centric.

Going-forward, we continue to expect elevated volatility levels in the equity markets and hence advise investors to look at equity allocations from a medium to long term investment horizon. Systematic investments into equity products could also help investors ride out short term volatility.

GLOBAL

6

Source: Bloomberg, Axis MF Research.

Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.

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

PORTFOLIO

Banks 20.40 Finance 15.14

Consumer Non Durables

10.23

Software 9.89 Auto 8.50

Petroleum Products

4.51

Auto Ancillaries 3.27

Textile Products 2.66

Retailing 2.45

Others 6.82

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

2,696.91Cr.

AS ON 31st AUGUST’18

2,838.56 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 12.11%

Beta - 0.85

Sharpe Ratio** - 0.74

PORTFOLIOTURNOVER* (1 YEAR)

1.79 times

FUND MANAGER

Mr. ShreyashDevalkar

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

23rd November 2016

SECTORALLOCATION

(%)

AXIS BLUECHIP FUND£ (FORMERLY KNOWN AS AXIS EQUITY FUND)(An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks)

FACTSHEETAUGUST 2018

7

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

EXIT LOAD

**Risk-free rate assumed to be 6.45% (MIBOR as on 31-8-18) - 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 30st JULY 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.£ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid scheme effective from May 18, 2018.

PERFORMANCE (as on 31st August 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 31st AUGUST 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 21.17% 12,117 15.39% 15,371 19.44% 24,336 12.99% 28,79005-Jan-10Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 10.98% 24,638

S&P BSE Sensex (Additional Benchmark) 23.20% 12,320 15.21% 15,300 17.32% 22,243 11.08% 24,828Axis Bluechip Fund - Direct Plan -Growth 22.92% 12,292 16.77% 15,931 20.85% 25,802 17.74% 25,230

01-Jan-13Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100S&P BSE Sensex (Additional Benchmark) 23.20% 12,320 15.21% 15,300 17.32% 22,243 14.39% 21,422Past 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 6 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.

% OF ASSETS

BANKS 20.40

HDFC Bank Limited 9.45

Kotak Mahindra Bank Limited 5.76

Bandhan Bank Limited 3.47

IndusInd Bank Limited 1.71

FINANCE 15.14

HDFC Limited 6.55

Bajaj Finance Limited 5.74

Bajaj Finserv Limited 2.85

CONSUMER NON DURABLES 10.23

Britannia Industries Limited 3.20

Hindustan Unilever Limited 3.14

Asian Paints Limited 2.90

ITC Limited 0.99

SOFTWARE 9.89

Tata Consultancy Services Limited 7.32

Infosys Limited 2.56

AUTO 8.50

Maruti Suzuki India Limited 4.65

Mahindra & Mahindra Limited 3.03

Eicher Motors Limited 0.83

PETROLEUM PRODUCTS 4.51

Reliance Industries Limited 4.51

AUTO ANCILLARIES 3.27

MRF Limited 1.35

Endurance Technologies Limited 1.04

Motherson Sumi Systems Limited 0.88

TEXTILE PRODUCTS 2.66

Page Industries Limited 2.66

RETAILING 2.45

Avenue Supermarts Limited 2.45

OTHERS 6.82

Construction Project 2.39

Larsen & Toubro Limited 2.39

Chemicals 2.18

Pidilite Industries Limited 2.18

Cement 1.03

Shree Cement Limited 1.03

Consumer Durables 1.01

Titan Company Limited 1.01

Other Equity (less than 0.50% of the corpus)

0.21

TOTAL EQUITY 83.86

DEBT, CASH & OTHER RECEIVABLES 16.14

Net Assets 100%


Finance 22.98

Banks 18.53

Software 11.13

Auto Ancillaries 8.88 Auto 6.16

Cement 5.14

Pharmaceuticals 4.55

Industrial Products

3.97

Retailing 3.60

Others 6.38

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

5,734.80 Cr.


6,052.97 Cr.

BENCHMARK

Nifty 50



Beta - 1.01



1.30 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:17 years.

He has been managing this fund since 07th June 2016

SECTORALLOCATION

(%)

PORTFOLIO

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

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

EXIT LOAD

8


**Risk-free rate assumed to be 6.45% (MIBOR as on 31-8-18) - 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 31st AUGUST 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

% OF ASSETS

FINANCE 22.98

HDFC Limited 6.72



Gruh Finance Limited 2.85

HDFC Standard Life Insurance Company Limited

2.28

BANKS 18.53




SOFTWARE 11.13


Info Edge (India) Limited 2.94




WABCO India Limited 1.50

Varroc Engineering Limited 1.45

AUTO 6.16


CEMENT 5.14


PHARMACEUTICALS 4.55

Sun Pharmaceutical Industries Limited 3.85

Sun Pharma Advanced Research Company Limited 0.70

INDUSTRIAL PRODUCTS 3.97

Supreme Industries Limited 3.97

RETAILING 3.60


OTHERS 6.38

Chemicals 2.54




Industrial Capital Goods 1.60

V-Guard Industries Limited 1.60

Total Equity 91.33

Debt, Cash & Other Receivables 8.67

Net Assets 100%

^Treasury Bill

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 31st JULY 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 21.93% 12,193 19.58% 17,108 22.73% 27,882 19.31% 29,75029-Jun-12Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 15.16% 23,906

S&P BSE 200 (Additional Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 16.54% 25,737Axis Focused 25 Fund - Direct Plan - Growth 23.32% 12,332 21.00% 17,723 24.22% 29,609 19.39% 27,298

01-Jan-13Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100S&P BSE 200 (Additional Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 15.23% 22,329Past 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 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

Finance 20.04 Auto Ancillaries 11.52 Banks 9.67 Industrial

Products8.90

Pharmaceuticals 7.41


Software 5.25 Consumer Non

Durables4.29

Retailing 4.23

Others 10.87

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,649.91 Cr.


1,731.43 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.82



1.04 times

FUND MANAGER

Mr. Shreyash Devalkar

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

23rd November 2016

% OF ASSETS

FINANCE 20.04



Sundaram Finance Limited 3.09

Mahindra & Mahindra Financial Services Limited 2.94

HDFC Asset Management Company Limited 2.29Cholamandalam Investment and Finance Company Limited

1.19



Balkrishna Industries Limited 2.94

MRF Limited 1.68



BANKS 9.67

City Union Bank Limited 5.54



Supreme Industries Limited 3.44

Astral Poly Technik Limited 3.26

Schaeffler India Limited 1.75


Torrent Pharmaceuticals Limited 2.71

Divi's Laboratories Limited 2.49

Sanofi India Limited 2.21



SOFTWARE 5.25


Mphasis Limited 2.22


Berger Paints (I) Limited 1.80

Kansai Nerolac Paints Limited 1.61

Colgate Palmolive (India) Limited 0.88

RETAILING 4.23


Trent Limited 1.66

OTHERS 11.72

Cement 2.74

ACC Limited 2.74

Consumer Durables 2.56

TTK Prestige Limited 1.86

Symphony Limited 0.69

Gas 2.15

Indraprastha Gas Limited 2.15




Voltas Limited 1.48

Other Equity (less than 0.50% of the corpus) 0.84

Total Equity 88.38


Net Assets 100%

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£)

EXIT LOAD

9


**Risk-free rate assumed to be 6.45% (MIBOR as on 31-8-18) - 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 31st AUGUST 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. £ 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.


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 24.32% 12,432 13.75% 14,724 28.41% 34,963 19.45% 38,18018-Feb-11S&P BSE Midcap (Benchmark) 9.65% 10,965 17.63% 16,282 27.58% 33,847 14.71% 28,130

Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 12.04% 23,554Axis Midcap Fund - Direct Plan - Growth 25.68% 12,568 15.06% 15,237 30.00% 37,177 21.27% 29,817

01-Jan-13S&P BSE Midcap (Benchmark) 9.65% 10,965 17.63% 16,282 27.58% 33,847 17.80% 25,297Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100Past 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 6 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

Finance 20.24 Banks 20.08 Software 11.23 Auto Ancillaries 7.82 Auto 7.81 Chemicals 6.12

Pharmaceuticals 5.08 Consumer

Durables4.58

Retailing 3.85 Others 10.67

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

18,327.97 Cr.


18,752.32 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 12.46%

Beta - 0.88



1.09 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)

10

NIL

EXIT LOAD

**Risk-free rate assumed to be 6.45% (MIBOR as on 31-8-18) - 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 31st AUGUST 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

% OF ASSETS

BANKS 20.08




FINANCE 19.98

HDFC Limited 5.91




Multi Commodity Exchange of India Limited 0.74

Mas Financial Services Limited 0.66

SOFTWARE 11.23








AUTO 7.81



CHEMICALS 6.12





CONSUMER DURABLES 4.58

TTK Prestige Limited 3.10

Symphony Limited 1.48

RETAILING 3.85


OTHERS 11.32

Power 2.92

Torrent Power Limited 2.92



Industrial Products 1.35




Pesticides 1.17

PI Industries Limited 1.17

Consumer Non Durables 0.76

Nestle India Limited 0.76



Other Equity (less than 0.50% of the corpus) 1.32

Total Equity 97.48


Net Assets 100%



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 21.11% 12,111 14.68% 15,086 26.96% 33,031 19.35% 46,41929-Dec-09S&P BSE 200 (Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 11.76% 26,241

Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 11.17% 25,065Axis Long Term Equity Fund - Direct Plan - Growth 22.37% 12,237 15.92% 15,584 28.45% 35,012 23.60% 33,216

01-Jan-13S&P BSE 200 (Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 15.23% 22,329Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100Past 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 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

Banks 20.09

Finance 13.17

Consumer Non Durables

12.35

Software 8.15

Auto 5.89

Auto Ancillaries 4.35

Retailing 3.02


Chemicals 2.51

Others 7.72

MONTHLY AVERAGE

2,843.58 Cr.


2,920.16 Cr.

BENCHMARK

Nifty 500 Index

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

11

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

EXIT LOAD

If redeemed / switched-out within 12 months from the date of allotment: • For 10% of investment: NIL• For remaining investment: 1%If redeemed / switched - out after 12 months from the date of allotment: Nil (w.e.f. May 18, 2018)

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

Rating % OF ASSETSCORPORATE BOND 6.85Cholamandalam Investment and Finance Company Limited

IND AA+ 0.17

Dewan Housing Finance Corporation Limited

BWR AAA 0.67

Edelweiss Commodities Services Limited ICRA AA 0.51HDFC Limited CRISIL AAA 0.88Indiabulls Housing Finance Limited CRISIL AAA 0.85IndoStar Capital Finance Limited CARE AA- 0.86LIC Housing Finance Limited CRISIL AAA 0.17Piramal Capital & Housing Finance Limited

ICRA AA 0.03

Power Finance Corporation Limited CRISIL AAA 0.85Reliance Jio Infocomm Limited CRISIL AAA 0.34Rural Electrification Corporation Limited CRISIL AAA 0.34Vodafone Mobile Services Limited CRISIL AA- 1.18OTHERS 1.65Indiabulls Housing Finance Limited CRISIL A1+ 1.65TREASURY BILL 1.5470 DAYS Tbill SOVEREIGN 1.54BANKS 20.09HDFC Bank Limited 8.76Kotak Mahindra Bank Limited 5.62Bandhan Bank Limited 3.78ICICI Bank Limited 1.93FINANCE 12.83Bajaj Finance Limited 6.90HDFC Limited 4.97Bajaj Finserv Limited 0.96CONSUMER NON DURABLES 12.35Hindustan Unilever Limited 3.11Asian Paints Limited 3.08Britannia Industries Limited 1.98Nestle India Limited 1.87Dabur India Limited 1.37Kansai Nerolac Paints Limited 0.93SOFTWARE 8.15Tata Consultancy Services Limited 5.34Infosys Limited 1.67Mphasis Limited 1.14AUTO 5.89Maruti Suzuki India Limited 4.73Mahindra & Mahindra Limited 1.16AUTO ANCILLARIES 4.26MRF Limited 1.83Varroc Engineering Limited 1.40Motherson Sumi Systems Limited 1.04RETAILING 3.02Avenue Supermarts Limited 3.02TEXTILE PRODUCTS 2.65Page Industries Limited 2.65CHEMICALS 2.51Pidilite Industries Limited 2.51OTHERS 8.15Pharmaceuticals 1.90Divi's Laboratories Limited 1.90Construction Project 1.27Larsen & Toubro Limited 1.27Industrial Capital Goods 1.04V-Guard Industries Limited 1.04Petroleum Products 0.98Reliance Industries Limited 0.98Consumer Durables 0.92Titan Company Limited 0.92Cement 0.0.844Shree Cement Limited 0.84Industrial Products 0.77Astral Poly Technik Limited 0.77Other Equity (less than 0.50% of the corpus)

0.43

Total Equity 79.91Debt, Cash & Other Receivables 10.05Net Asset 100%^Commercial Paper/Treasury Bill


FIXEDINCOME

S E P T E M B E R 2 0 1 8

Key Events During the Month

Market View

•

•

•

•

•

7.95%. The market took positives from the largely in-line RBI policy minutes. The minutes of the August MPC meeting reinstated the underlying inflationary risk fears as output gap continues to close.

INR at new all-time Low: The INR touched a new low of 70.9 this month in line with other EM currencies. The RBI did intervene in the forex market cushioning the fall. However, the RBI understands that the Rupee may be somewhat overvalued on an REER basis, but with elections due next year they may not be willing to tolerate a sharp depreciation. The INR weakness despite this level of intervention suggests RBI will remain quite hawkish in the near term.

Inflation – A Pullback: Consumer price inflation in July rose 4.2% compared with the same month last year, retreating from the five-month high of 5.0% in June. Inflation continues to undershoot RBI's forecast. RBI expects 4.6% average inflation for Q2 FY 19. The next two prints are likely to be lower on account of a strong base. Thus RBI may well have to slightly walk back its hawkishness on the inflation front.

RBI Policy Stance: The RBI is worried that inflation will sequentially accelerate to 5% by June next year. This is basis the increase in Minimum Support Prices of key crops and potentially some imported inflation thanks to oil and the Rupee.

Global Events: The US Fed highlighted to investors that it`s policy action was data dependent and gradual keeping in mind the health of the US economy. The Turkish lira continued its downward descent in line with the weak EM currencies and bonds. Argentina approached the IMF for ‘early’ economic support on the back of worsening economic conditions.

The fairly large intervention in forex markets has not been completely sterilized. Thus domestic liquidity has tightened. The RBI continues to maintain neutral liquidity conditions in the domestic market. Our expectation is that RBI will have to do a minimum of about 1-1.5 trillion rupees in open market purchases to maintain neutral liquidity from here to March 2019. This expected support from RBI is likely to keep a lid on G-Sec yields.

Fears about tight liquidity (and RBI policy) caused short term rates (money market and short bonds) to spike between April and May. But even as RBI has delivered 50 bps in rate hikes short yields have fallen back. This is now getting repriced.

Short rates especially 3 year corporate bonds are even now acting like the repo rate is 7% with tight liquidity. Thus even with 1-2 more hikes the curve is well positioned to absorb the hikes. Long rates on the other hand cannot take multiple hikes from here. There is the belief in OMO purchases and the belief that RBI will hold the line on 10-year G-Sec breaching the 8% mark. Money market rates have also seen some moderation in the interim. For now, the value is clearly at the short end of the corporate curve (~3-year mark). Currently short bonds offer 175+ basis spreads over operative rates and hence remain conducive for investors on a risk reward basis.

10 Year at 7.95%: Bearish sentiments triggered by a weakening rupee and worsening crude oil prices saw benchmark 10-year G-Sec yields rise to

10 YEAR G-SEC YIELD

7.95%

QUICK TAKE

CPI Inflation : Last 1 year

3.28%

4.17%

Repo : Last 1 year

6.00%

6.50%

10 yr G-Sec : Last 1 year

7.95%

6.48%

• INR continues to remain relatively strong on a REER basis. RBI remains cautious of steep corrections.

• The RBI is focused on maintaining a neutral liquidity stance and will focus on OMO`s to manage liquidity and bond yields.

• 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

12Source: Bloomberg, Axis MF Research.


PORTFOLIO

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^ 93.83

BANKS 6.17

The South Indian Bank Limited CARE A1+ 1.58

Yes Bank Limited ICRA A1+ 1.56

RBL Bank Limited ICRA A1+ 1.02

Vijaya Bank CARE A1+ 0.99

Abu Dhabi Commercial Bank PJSC CRISIL A1+ 0.66

IndusInd Bank Limited CRISIL A1+ 0.33

Bandhan Bank Limited ICRA A1+ 0.02

OTHERS 72.78

NABARD ICRA A1+ 9.61

HDFC Limited CRISIL A1+ 4.78

Indiabulls Housing Finance Limited CRISIL A1+ 4.11

Dewan Housing Finance Corporation Limited CRISIL A1+ 3.50

Tata Steel Limited ICRA A1+ 3.25

Vedanta Limited CRISIL A1+ 3.05

Reliance Jio Infocomm Limited CRISIL A1+ 2.54

Piramal Enterprises Limited ICRA A1+ 2.48

Gruh Finance Limited CRISIL A1+ 2.09

Tata Capital Financial Services Limited CRISIL A1+ 2.03

Sun Pharmaceutical Industries Limited ICRA A1+ 1.99

Muthoot Finance Limited CRISIL A1+ 1.82

Edelweiss Commodities Services Limited CRISIL A1+ 1.79

Larsen & Toubro Limited CRISIL A1+ 1.69

Indiabulls Commercial Credit Limited ICRA A1+ 1.64

India Infoline Finance Limited CRISIL A1+ 1.64

National Housing Bank CRISIL A1+ 1.64

JSW Steel Limited ICRA A1+ 1.49

India Infoline Finance Limited ICRA A1+ 1.32

IIFL Securities Limited CRISIL A1+ 1.31

UltraTech Cement Limited CRISIL A1+ 1.30

IIFL Home Finance Limited CRISIL A1+ 1.17

Magma Fincorp Limited CRISIL A1+ 1.16

SBI Cards & Payment Services Pvt Limited CRISIL A1+ 1.16

Essel Mining And Industries Ltd ICRA A1+ 1.00

Piramal Capital & Housing Finance Limited CRISIL A1+ 0.99

Capital First Limited ICRA A1+ 0.99

Walwhan Renewable Energy Limited IND A1+ 0.96Cholamandalam Investment and

Finance Company LimitedICRA A1+ 0.90

ECL Finance Limited CRISIL A1+ 0.82

Piramal Capital & Housing Finance Limited ICRA A1+ 0.78

Bajaj Finance Limited CRISIL A1+ 0.66

Reliance Retail Ltd CARE A1+ 0.66

Reliance Industries Limited CRISIL A1+ 0.66

SRF Limited CRISIL A1+ 0.50

Redington (India) Limited CRISIL A1+ 0.50

Tata Sons Ltd ICRA A1+ 0.44

Mahindra Rural Housing Finance IND A1+ 0.41

TVS Credit Services Limited CRISIL A1+ 0.35

TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.33

NTPC Limited CRISIL A1+ 0.33

JM Financial Products Limited ICRA A1+ 0.33

HDFC Credila Financial Services Pvt Limited CRISIL A1+ 0.33

LIC Housing Finance Limited CRISIL A1+ 0.28

Varroc Engineering Limited ICRA A1+ 0.27

IDFC Infrastructure Finance Limited ICRA A1+ 0.26

Aditya Birla Capital Limited CRISIL A1+ 0.25

Hinduja Leyland Finance Limited CRISIL A1+ 0.25

Renew Power Limited CARE A1+ 0.23

HDFC Limited ICRA A1+ 0.17

Network18 Media & Investments Limited ICRA A1+ 0.16

Rural Electrification Corporation Limited CRISIL A1+ 0.08

Adani Ports and Special Economic Zone Limited ICRA A1+ 0.08

Infina Finance Private Limited CRISIL A1+ 0.06

Northern Arc Capital Limited ICRA A1+ 0.05

Reliance Retail Ltd CRISIL A1+ 0.03

Indian Oil Corporation Limited ICRA A1+ 0.03

UPL Limited CRISIL A1+ 0.02

Tata Sons Ltd CRISIL A1+ 0.02

L&T Infrastructure Finance Company Limited ICRA A1+ 0.02

TREASURY BILL 14.88

70 Days Tbill SOVEREIGN 10.84


TOTAL DEBT 0.44

CORPORATE BOND 0.31

Nirma Limited CRISIL AA 0.17

JM Financial Products Limited CRISIL AA 0.14

Power Finance Corporation Limited CRISIL AAA 0.003

ZERO COUPON BOND 0.13


Edelweiss Commodities Services Limited CARE AA 0.04

NET CURRENT ASSETS 5.73

NET ASSETS 100%^Certificate of Deposit/Commercial Paper/Treasury Bill

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

28,594.87 Cr.


30,064.61 Cr.

BENCHMARK

NIFTY Liquid Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

35 daysMODIFIED DURATION*

32 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

7.14%

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

Total Money Market Instruments* - 99.56% Corporate Bond - 0.31% Zero Coupon Bond - 0.13%

CARE A1+/ CRISIL A1+/ ICRA A1+/ IND A1+ & Equivalent- 84.68% SOV - 14.88% CARE AA/ CRISIL AA - 0.44%

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

* Includes Net Current Assets

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

AXIS LIQUID FUND(An Open-Ended Liquid Scheme)

NIL

EXIT LOAD

13

^^

* 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.


Regular Plan Retail Plan Direct Plan

Options Record Date

Dividend (` Per unit)

NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Individu-als/ HUF

OthersIndividuals/

HUFOth-ers

Individuals/ HUF

Others

Monthly Dividend

Aug 27, 2018 4.6624 4.3174 1,007.3469 1,000.8742 4.2624 3.9555 1,006.2111 1,000.2810 4.6968 4.3492 1,006.8013 1,000.2808July 25, 2018 4.3854 4.0609 1,006.9624 1,000.8742 4.0090 3.7308 1,005.8743 1,000.2810 4.4176 4.0907 1,006.4136 1,000.2808Jun 25, 2018 4.5501 4.2134 1,007.1910 1,000.8742 4.1465 3.8782 1,006.0952 1,000.2810 4.5829 4.2438 1,006.6432 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 7.10% 10,710 7.28% 12,349 8.01% 14,702 7.97% 19,787

09-Oct-09NIFTY Liquid Index (Benchmark) 6.91% 10,691 7.06% 12,274 7.90% 14,626 7.91% 19,689CRISIL 1 Year T-Bill Index (Additional Benchmark)

5.76% 10,576 6.54% 12,095 7.31% 14,231 6.45% 17,446

Axis Liquid Fund - Direct Plan - Growth 7.16% 10,716 7.35% 12,374 8.08% 14,752 8.16% 15,603

31-Dec-12NIFTY Liquid Index (Benchmark) 6.91% 10,691 7.06% 12,274 7.90% 14,626 7.97% 15,441CRISIL 1 Year T-Bill Index (Additional Benchmark)

5.76% 10,576 6.54% 12,095 7.31% 14,231 6.98% 14,661

Axis Liquid Fund - Retail - Growth 6.48% 10,648 6.69% 12,148 7.44% 14,318 7.66% 18,741

01-Mar-10NIFTY Liquid Index (Benchmark) 6.91% 10,691 7.06% 12,274 7.90% 14,626 8.12% 19,425CRISIL 1 Year T-Bill Index (Additional Benchmark)

5.76% 10,576 6.54% 12,095 7.31% 14,231 6.64% 17,273

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 4 schemes. Please refer to annexure on Page 32-33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



PORTFOLIO

RATING % OF ASSETS

TOTAL MONEY MARKET INSTRUMENTS^ 60.01

BANKS 18.80

Yes Bank Limited ICRA A1+ 7.15


HDFC Bank Limited CARE A1+ 2.41

HDFC Bank Limited ICRA A1+ 2.39

Small Industries Dev Bank of India CARE A1+ 1.56

Small Industries Dev Bank of India CRISIL A1+ 0.80

OTHERS 40.94



NABARD ICRA A1+ 4.17Adani Ports and Special Economic Zone Limited ICRA A1+ 3.29

Tata Capital Financial Services Limited CRISIL A1+ 3.25

Edelweiss Commodities Services Limited CRISIL A1+ 2.31

Indiabulls Housing Finance Limited CRISIL A1+ 2.00L&T Infrastructure Finance Company Limited ICRA A1+ 1.68

Muthoot Finance Limited CRISIL A1+ 1.63HSBC InvestDirect Financial Services (India) Limited IND A1+ 1.63

Indiabulls Housing Finance Limited ICRA A1+ 1.29



Export Import Bank of India CRISIL A1+ 0.79

Tata Motors Limited ICRA A1+ 0.44

Piramal Enterprises Limited ICRA A1+ 0.39

UltraTech Cement Limited CRISIL A1+ 0.17

SBI Cards & Payment Services Pvt Limited CRISIL A1+ 0.16

NTPC Limited CRISIL A1+ 0.16


TREASURY BILL 0.26

91 DAYS Tbill SOVEREIGN 0.26

PASS THROUGH CERTIFICATE 0.60

Rainbow Devices Trust ICRA AAA(SO) 0.60

TOTAL DEBT 37.96

CORPORATE BOND 32.53

NABARD CRISIL AAA 4.46

LIC Housing Finance Limited CRISIL AAA 4.30

Citicorp Finance India Limited ICRA AAA 4.13


Piramal Capital & Housing Finance Limited ICRA AA 2.48

Hinduja Leyland Finance Limited CARE AA- 1.67

Reliance Jio Infocomm Limited CRISIL AAA 1.65

Indiabulls Housing Finance Limited BWR AAA 1.06

Small Industries Dev Bank of India CARE AAA 1.05

Muthoot Finance Limited CRISIL AA 1.04

India Infoline Finance Limited ICRA AA 0.99

HDFC Limited CRISIL AAA 0.86Dewan Housing Finance Corporation Limited BWR AAA 0.83

Edelweiss Commodities Services Limited CRISIL AA 0.82

Shriram Transport Finance Company Limited CRISIL AA+ 0.82

ICICI Home Finance Company Limited ICRA AAA 0.81

Mahindra Rural Housing Finance IND AA+ 0.80

NHPC Limited ICRA AAA 0.65

Adani Transmission Limited IND AA+ 0.50

Power Grid Corporation of India Limited CRISIL AAA 0.33

Export Import Bank of India CRISIL AAA 0.16

Rural Electrification Corporation Limited CRISIL AAA 0.12

Indian Railway Finance Corporation Limited CRISIL AAA 0.07

ZERO COUPON BOND 5.43Dewan Housing Finance Corporation Limited CARE AAA 3.27

TMF Holdings Limited CRISIL AA 0.93


IDFC Bank Limited IND AA+ 0.41

IIFL Home Finance Limited CRISIL AA 0.33


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/Treasury Bill

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

2,935.35 Cr.


3,025.16 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

198 daysMODIFIED DURATION

*


7.94%


He has been managing this fund since07th June 2016.



FUND MANAGER

Total Money Market Instruments* - 61.44% Corporate Bond - 32.53% Zero Coupon Bond - 5.43% Pass Through Certificate - 0.60%

CARE A1+/ CRISIL A1+/ ICRA A1+/ IND A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ ICRA AAA/ ICRA AAA(SO) & Equivalent - 88.46% CRISIL AA/ ICRA AA - 7.09% CRISIL AA+/ IND AA+ - 2.52% CARE AA- -1.67% SOV - 0.26%



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)

NIL

EXIT LOAD

14

* 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.


Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Indi-viduals/

HUFOthers

Individu-als/ HUF

OthersIndi-

viduals/ HUF

Others

Monthly Dividend

Aug 27, 2018 4.6257 4.2834 1,011.8732 1,005.4514 4.6252 4.2828 1,011.8691 1,005.4482 4.9727 4.6046 1,012.3562 1,005.4530July 25, 2018 4.6328 4.2900 1,011.8830 1,005.4514 4.6353 4.2895 1,011.8791 1,005.4482 4.9498 4.5835 1,012.3247 1,005.4530Jun 25, 2018 5.8697 5.4354 1,013.6002 1,005.4514 5.8674 5.4354 1,013.5970 1,005.4482 6.1991 5.7403 1,014.0590 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 6.50% 10,650 7.36% 12,377 8.06% 14,742 8.03% 19,88409-Oct-09NIFTY Low Duration Debt Index (Benchmark) 6.58% 10,658 7.44% 12,403 8.47% 15,026 8.25% 20,251

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.45% 17,446Axis Treasury Advantage Fund - Direct Plan - Growth 7.06% 10,706 7.88% 12,556 8.57% 15,091 8.59% 15,954

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 6.58% 10,658 7.44% 12,403 8.47% 15,026 8.20% 15,632CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.98% 14,655Axis Treasury Advantage Fund - Retail - Growth 6.13% 10,613 6.83% 12,195 7.45% 14,329 7.58% 18,608

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 6.58% 10,658 7.44% 12,403 8.47% 15,026 8.37% 19,809CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.64% 17,270Past 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 4 schemes. Please refer to annexure on 32-33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

4,901.76 Cr.


4,797.72 Cr.

BENCHMARKNIFTY Short

Duration Debt Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

1.5 yearsMODIFIED DURATION

*

1.2 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.35%



FUND MANAGER

Corporate Bond - 61.57% Total Money Market Instruments* - 23.57% Government Bond - 4.21% Zero Coupon Bond - 3.89% Pass Through Certificate - 3.42% State Government Bond - 3.34%



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)

NIL

EXIT LOAD

15

CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL

AAA(SO)/ ICRA AAA/ ICRA AAA(SO)/ IND AAA & Equivalent - 83.86%

SOV - 7.55% CARE AA+/ CRISIL AA+/ ICRA AA+/ IND AA+ - 5.87%

CRISIL AA - 2.71%

RATING % OF ASSETSTOTAL DEBT 73.01



HDFC Limited CRISIL AAA 7.51



Tata Sons Ltd CRISIL AAA 3.40





NABARD IND AAA 1.66

Mahindra & Mahindra Financial Services Limited IND AAA 1.65Cholamandalam Investment and Finance Company Limited

ICRA AA+ 1.56

Tata Capital Financial Services Limited CRISIL AAA 1.55

Dewan Housing Finance Corporation Limited BWR AAA 1.45


Jamnagar Utilities & Power Private Limited CRISIL AAA 1.06


L&T Housing Finance CARE AAA 1.03

Dewan Housing Finance Corporation Limited CARE AAA 0.96


Gruh Finance Limited CRISIL AAA 0.82



Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.72

Shriram Transport Finance Company Limited CRISIL AA+ 0.72

Tata Capital Financial Services Limited ICRA AAA 0.66

Daimler Financial Services India Pvt Limited IND AAA 0.52

Tata Motors Limited CARE AA+ 0.52

Mahindra Rural Housing Finance CRISIL AA+ 0.52


Reliance Industries Limited CRISIL AAA 0.40

Sikka Ports and Terminals Limited CRISIL AAA 0.32


L&T Infrastructure Finance Company Limited CARE AAA 0.31

HDB Financial Services Limited CRISIL AAA 0.30

National Highways Auth Of Ind CRISIL AAA 0.30

Food Corporation Of India CRISIL AAA(SO) 0.28

Bajaj Finance Limited CARE AAA 0.23


Tube Investments of India Limited CRISIL AA+ 0.20

Bhopal Dhule Transmission Company Limited CRISIL AAA 0.20

Indiabulls Housing Finance Limited CARE AAA 0.10

Bharti Airtel Limited CRISIL AA+ 0.10


GOVERNMENT BOND SOVEREIGN 4.21




Kotak Mahindra Prime Limited CRISIL AAA 0.26

Mahindra & Mahindra Financial Services Limited IND AAA 0.26

Axis Finance Limited IND AAA 0.03

HDB Financial Services Limited CRISIL AAA 0.01

STATE GOVERNMENT BOND SOVEREIGN 3.34


OTHERS 14.30





L&T Infrastructure Finance Company Limited ICRA A1+ 1.02

Export Import Bank of India CRISIL A1+ 0.94

Indiabulls Housing Finance Limited ICRA A1+ 0.79

Dewan Housing Finance Corporation Limited CRISIL A1+ 0.49



BANKS 2.12

YES Bank Limited ICRA A1+ 2.01

Small Industries Dev Bank of India CARE A1+ 0.10

IDFC Bank Limited ICRA A1+ 0.004

TREASURY BILL 0.01



RENT-A-DEVICE TRUST ICRA AAA(SO) 1.93

Rainbow Devices Trust ICRA AAA(SO) 1.50


NET ASSETS 100%^Certificate of Deposit/Commercial Paper/Treasury Bill

* 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.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Individuals/ HUF

Others

Monthly Dividend

Aug 27, 2018 0.0463 0.0429 10.2149 10.1506 0.0458 0.0424 10.0795 10.0159 0.0503 0.0466 10.0874 10.0175July 25, 2018 0.0468 0.0433 10.2158 10.1507 0.0466 0.0431 10.0809 10.0162 0.0506 0.0469 10.0880 10.0176Jun 25, 2018 0.0418 0.0387 10.2070 10.1490 0.0432 0.0400 10.0750 10.0150 0.0455 0.0422 10.0791 10.0158


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 4.56% 10,456 7.22% 12,328 8.40% 14,971 7.88% 19,21122-Jan-10NIFTY Short Duration Debt Index (Benchmark) 4.87% 10,487 7.35% 12,373 8.66% 15,152 7.98% 19,365

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.58% 17,312Axis Short Term Fund - Direct Plan - Growth 5.30% 10,530 8.00% 12,599 9.24% 15,564 8.69% 16,034

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 4.87% 10,487 7.35% 12,373 8.66% 15,152 8.18% 15,613CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.98% 14,655Axis Short Term Fund - Retail - Growth 4.56% 10,456 7.22% 12,328 8.40% 14,977 7.84% 18,994

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 4.87% 10,487 7.35% 12,373 8.66% 15,152 8.03% 19,280CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.64% 17,270Past 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 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 50.66



Union Bank of India BWR AA 5.29

Punjab National Bank IND A+ 5.26

Syndicate Bank IND AA- 3.91

Renew Power Limited CARE A+ 2.46

Tata Power Company Limited CRISIL AA- 2.07

India Infrastructure Fin Co Ltd CRISIL AAA 1.32

Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 0.49



REDUCED FACE VALUE BONDS - NON AMORTISATION 1.05

Ess Kay Fincorp Limited IND A(SO) 1.05


TREASURY BILL 7.36

364 Days Tbill Sovereign 6.38



IIERT TRUST CRISIL AAA(SO) 3.43

Sansar Trust ICRA AAA(SO) 2.79

Zenith Trust ICRA A-(SO) 1.79

Solstice Trust ICRA A+(SO) 0.93


NET ASSETS 100%

^Treasury Bill

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

207.30 Cr.


202.15 Cr.

BENCHMARK

NIFTY Composite Debt Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

2.8 yearsMODIFIED DURATION*


8.24%

Mr. R. SivakumarWork experience: 20 years.

He has been managing this fund since inception



FUND MANAGER

Total Money Market Instruments* - 40.40% Corporate Bond - 30.30% Government Bond - 14.19% Pass Through Certificate - 8.95% State Government Bond - 5.11% Reduced Face Value Bonds - Non Amortisation - 1.05%

CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equivalent - 50.08% SOV- 26.67% BWR A+(SO)/ CARE A+/ ICRA A+(SO)/ IND A+ -9.15% CRISIL AA-/ IND AA- - 5.97% BWR AA - 5.29% ICRA A-(SO) - 1.79% IND A(SO) - 1.05%



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)

16

NIL

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

Mar 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 11.3203Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017

Quarterly DividendJun 25, 2018 - - - - 0.1800 0.1667 10.7399 10.4899Mar 26, 2018 - - - - 0.1805 0.1672 10.9742 10.7242Dec 26, 2017 0.1805 0.1672 10.3747 10.1247 0.1805 0.1672 11.0901 10.8401

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 1.51% 10,151 6.97% 12,243 8.43% 14,995 8.17% 17,81227-Apr-11NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 8.02% 17,629

CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.27% 15,640Axis Dynamic Bond Fund - Direct Plan - Growth 2.42% 10,242 7.99% 12,598 9.65% 15,861 8.99% 16,283

01-Jan-13NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 7.68% 15,211CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.96% 13,881Past 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 32&33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 56.95





Jamnagar Utilities & Power Private Limited

CRISIL AAA 3.99

IndoStar Capital Finance Limited CARE AA- 2.88

Aasan Corporate Solutions Private Limited

ICRA AA-(SO)

2.88





Power Grid Corporation of India Limited

CRISIL AAA 2.03

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 1.71


Syndicate Bank IND AA- 1.42Rural Electrification Corporation Limited

CRISIL AAA 1.40






GOVERNMENT BOND SOVEREIGN 1.38REDUCED FACE VALUE BONDS - NON AMORTISATION 0.61

Ess Kay Fincorp Limited IND A(SO) 0.61TOTAL MONEY MARKET INSTRUMENTS^ 35.10

OTHERS 35.10

Vedanta Limited CRISIL A1+ 7.09





IndoStar Capital Finance Limited CRISIL A1+ 2.71





MFL Securitisation Trust CRISIL AAA(SO) 0.69


NET ASSETS 100%

^Commercial Paper

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

354.66 Cr.


347.84 Cr.

BENCHMARK

NIFTY Corporate Bond Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

332 daysMODIFIED DURATION*


8.47%

Corporate Bond - 52.20% Total Money Market Instruments* - 39.59% Pass Through Certificate - 3.46% Zero Coupon Bond - 2.76% Government Bond - 1.38% Reduced Face Value Bonds - Non

Amortisation - 0.61%

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£(FORMERLY KNOWN AS AXIS CORPORATE DEBT OPPORTUNITIES FUND)

(An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds£)

17


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

FUND MANAGER

EXIT LOAD

If redeemed / switched-out on or before 6 months from the date of allotment: 0.50%; If redeemed / switched out after 6 months from the date of allotment : Nil. (w.e.f. August 3, 2018)

CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO) & Equivalent - 79.15% CARE AA-/ IND AA-/ ICRA AA-(SO) - 7.17% BWR A+(SO)/ CARE A+/ IND A+ - 5.68% CRISIL AA+/ IND AA+ - 4.77% SOV - 1.38% ICRA A-(SO) - 1.24% IND A(SO) - 0.61%

COMPOSITION BY RATING (%)

* 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.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Aug 27, 2018 0.0479 0.0443 10.1166 10.0500 0.0537 0.0498 10.1247 10.0500Monthly Dividend

July 25, 2018 0.0514 0.0476 10.1214 10.0500 0.0567 0.0525 10.1288 10.0500Jun 25, 2018 0.0641 0.0593 10.1390 10.0500 0.0696 0.0644 10.1467 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 6.55% 10,655 - - - - 6.80% 10,77513-Jul-17NIFTY Corporate Bond Index (Benchmark) 4.06% 10,406 - - - - 4.72% 10,537

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 - - - - 5.77% 10,657Axis Corporate Debt Fund - Direct Plan 7.50% 10,750 - - - - 7.76% 10,884

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 4.06% 10,406 - - - - 4.72% 10,537CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 - - - - 5.77% 10,657Past 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 32&33 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

Half Yearly Dividend Mar 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 11.0724Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564

Quarterly Dividend Jun 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 10.9169Dec 26, 2017 0.1805 0.1672 10.6019 10.3519 0.1805 0.1672 11.2000 10.9500

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

1,504.92 Cr.


1,511.39 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*


*


9.46%

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

Corporate Bond - 75.27% Pass Through Certificate - 9.66% Zero Coupon Bond - 6.24% Total Money Market Instruments* - 4.33% Reduced Face Value Bonds - Non Amortisation - 3.15% Government Bond - 1.08% State Government Bond - 0.26%

CRISIL A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equivalent - 38.57% CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ BWR AA/ CRISIL AA(SO) - 24.02% CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA-/ ICRA AA-(SO) -12.81% BWR A+(SO)/ CARE A+/ ICRA A+/ ICRA A+(SO)/ CARE A+(SO)/ IND A+/ CRISIL A+ - 11.79% CRISIL AA+/ ICRA AA+ - 7.16% ICRA A-(SO)/ CARE A- - 2.18% IND A(SO)/ BWR A(SO) - 2.12% SOV - 1.35 %



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

18

(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£ (FORMERLY KNOWN AS AXIS REGULAR SAVINGS FUND)

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








Talwandi Sabo Power Limited CRISIL AA(SO) 2.80




PVR Limited CRISIL AA- 2.60

Tube Investments of India Limited CRISIL AA+ 2.60



ICICI Bank Limited ICRA AA+ 1.95

Bhopal Dhule Transmission Company Limited CRISIL AAA 1.86Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 1.84



Coastal Gujarat Power Limited CARE AA(SO) 1.65

Magma Fincorp Limited ICRA AA- 1.64

JK Lakshmi Cement Limited CARE AA 1.64

Vedanta Limited CRISIL AA 1.63



Bank of Baroda CARE AA 1.50


Vijaya Bank ICRA AA- 1.45

Northern Arc Capital Limited ICRA A+ 1.32

Birla Corporation Limited ICRA AA 1.18


Aasan Corporate Solutions Private Limited ICRA AA-(SO) 0.99

Dalmia Cement (Bharat) Limited ICRA AA 0.98



Vodafone Mobile Services Limited CRISIL AA- 0.78

Edelweiss Commodities Services Limited ICRA AA 0.65

Gruh Finance Limited CRISIL AAA 0.65



Hansdeep Industries & Trading Company Limited CARE AA(SO) 0.47

ECL Finance Limited ICRA AA 0.33

JM Financial Products Limited ICRA AA 0.33

India Infoline Finance Limited ICRA AA 0.26

Hindalco Industries Limited CRISIL AA 0.14



Amri Hospitals Limited BWR A+(SO) 1.98

JSW Techno Projects Management Limited BWR A(SO) 1.66




Asirvad Microfinance Ltd CRISIL A+ 0.79

Subros Limited ICRA A+ 0.78

Narmada Wind Energy Private Limited CARE A+(SO) 0.65


IKF Finance Limited CARE A- 0.46




OTHERS 1.55










NET ASSETS 100%

^Commercial Paper


* 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.


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Growth 5.18% 10,518 8.33% 12,717 9.63% 15,848 8.86% 17,26128-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 2.61% 10,261 7.23% 12,332 8.87% 15,305 8.48% 16,878

CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.69% 15,164Axis Strategic Bond Fund - Direct Plan - Growth 5.94% 10,594 9.18% 13,017 10.60% 16,557 9.48% 16,677

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 2.61% 10,261 7.23% 12,332 8.87% 15,305 7.98% 15,428CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.84% 13,779Past 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 33 for performance of schemes managed by the fund manager. 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

Aug 27, 2018 0.0503 0.0466 10.1621 10.0922 0.0567 0.0525 10.1150 10.0362Monthly Dividend

July 25, 2018 0.0471 0.0437 10.1566 10.0911 0.0540 0.0500 10.1103 10.0352Jun 25, 2018 0.0374 0.0347 10.1397 10.0877 0.0479 0.0444 10.0997 10.0331

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


1,702.69 Cr.


1,696.75 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*


*


9.64%



FUND MANAGER

Corporate Bond - 69.35% Pass Through Certificate - 12.41% Zero Coupon Bond - 6.78% Reduced Face Value Bonds - Non Amortisation - 6.57% Total Money Market Instruments* - 2.76% State Government Bond - 1.87% Government Bond - 0.27%

CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ IND AA/ BWR AA/ CRISIL AA(SO)- 35.77% BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equivalent - 25.46% CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA-/ ICRA AA-(SO)- 14.65% BWR A+(SO)/ CARE A+/ ICRA A+/ ICRA A+(SO)/ CARE A+(SO)/ IND A+/ CRISIL A+ - 13.54% ICRA A-(SO)/ CARE A- - 4.71% IND A(SO)/ BWR A(SO) - 3.74% SOV - 2.14 %



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£(FORMERLY KNOWN AS AXIS FIXED INCOME OPPORTUNITIES FUND)

(An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds (Excluding AA+ Rated Corporate Bonds£)

EXIT LOAD

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

19

RATING % OF ASSETS

TOTAL DEBT 84.83




PVR Limited CRISIL AA- 3.74

Dalmia Cement (Bharat) Limited ICRA AA 3.21

Birla Corporation Limited ICRA AA 3.03





Piramal Enterprises Limited ICRA AA 2.34

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.34



Tata Power Company Limited IND AA 2.28

ECL Finance Limited ICRA AA 2.06

Coastal Gujarat Power Limited CARE AA(SO) 2.06

JK Lakshmi Cement Limited CARE AA 2.04

Talwandi Sabo Power Limited CRISIL AA(SO) 1.90


Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.47


Vedanta Limited CRISIL AA 1.45

Hansdeep Industries & Trading Company Limited CARE AA(SO) 1.37

Vodafone Mobile Services Limited CRISIL AA- 1.33

Magma Fincorp Limited ICRA AA- 1.23

Nuvoco Vistas Corporation Limited CRISIL AA 1.17

Bhopal Dhule Transmission Company Limited CRISIL AAA 1.14





Northern Arc Capital Limited ICRA A+ 0.88




Edelweiss Commodities Services Limited ICRA AA 0.59



Vijaya Bank ICRA AA- 0.18

Indiabulls Housing Finance Limited CARE AAA 0.06





JSW Techno Projects Management Limited BWR A(SO) 2.95


Amri Hospitals Limited BWR A+(SO) 1.77


Narmada Wind Energy Private Limited CARE A+(SO) 2.30

IKF Finance Limited CARE A- 1.65

Asirvad Microfinance Ltd CRISIL A+ 1.36


Subros Limited ICRA A+ 0.46











NET ASSETS 100%

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 4.55% 10,455 7.49% 12,421 - - 8.29% 13,89415-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 5.58% 10,558 8.50% 12,775 - - 9.20% 14,384

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 - - 7.07% 13,262Axis Credit Risk Fund - Direct Plan - Growth 6.00% 10,600 8.86% 12,904 - - 9.54% 14,573

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 5.58% 10,558 8.50% 12,775 - - 9.20% 14,384CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 - - 7.07% 13,262Past 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 33 for performance of schemes managed by the fund manager. 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

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 - - - -Aug 27, 2018 0.0162 0.0150 10.0283 10.0057 0.0262 0.0242 10.0455 10.0091July 25, 2018 - - - - 0.0056 0.0051 10.0130 10.0052

Regular Dividend Dec 26, 2017 0.0009 0.0008 10.0022 10.0009 0.0043 0.0040 10.0100 10.0040Please 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.

EXIT LOAD

PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 23.92

GOVERNMENT BOND 23.92

7.17% GOI Sovereign 11.86




TREASURY BILL 62.02



NET ASSETS 100%

^Treasury Bill

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

40.14 Cr.


40.00 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*



6.94%


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

FUND MANAGER

Total Money Market Instruments* - 76.08% Government Bond - 23.92%

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


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£ (FORMERLY KNOWN AS AXIS CONSTANT MATURITY 10 YEAR FUND)

(An Open Ended Debt Scheme Investing In Government Securities Across Maturity£)

NIL

20


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. £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.


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Gilt Fund - Growth -1.43% 9,857 5.93% 11,888 7.25% 14,194 6.34% 15,00723-Jan-12NIFTY All Duration G-Sec Index (Benchmark) -1.02% 9,898 6.05% 11,929 7.70% 14,496 6.85% 15,491

Axis Gilt Fund - Direct Plan - Growth -0.90% 9,910 6.48% 12,076 7.78% 14,547 6.73% 14,463 01-Jan-13NIFTY All Duration G-Sec Index (Benchmark) -1.02% 9,898 6.05% 11,929 7.70% 14,496 6.48% 14,270Past 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 33 for performance of schemes managed by the fund manager. 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

Monthly DividendAug 27, 2018 5.0066 6.6666 1,014.4117 1,007.4611 5.2203 4.8344 1,014.7100 1007.4622July 25, 2018 5.5705 8.0000 1,015.1945 1,007.4611 5.7589 5.3328 1,015.4572 1007.4622Jun 25, 2018 3.9477 5.3333 1,012.9416 1,007.4611 4.3086 3.9894 1,013.4432 1007.4622


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 93.36





Food Corporation Of IndiaCRISIL

AAA(SO)9.36







Tata Sons Ltd CRISIL AAA 2.13


Jamnagar Utilities & Power Private Limited CRISIL AAA 1.67


STATE GOVERNMENT BOND Sovereign 5.58


NET ASSETS 100%

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

1,069.87 Cr.


1,144.07 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*



8.53%



FUND MANAGER

Corporate Bond - 87.78% Total Money Market Instruments*- 6.64% State Government Bond - 5.58%

CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA & Equivalent - 94.42% SOV - 5.58%



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)

NIL

EXIT LOAD

21

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 Banking & PSU Debt Fund - Growth 5.87% 10,587 7.35% 12,374 8.34% 14,931 8.23% 16,36708-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 3.24% 10,324 6.89% 12,216 8.59% 15,104 8.21% 16,356

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.04% 15,283Axis Banking & PSU Debt Fund - Direct Plan - Growth 6.15% 10,615 7.57% 12,449 8.55% 15,079 8.31% 15,717

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 3.24% 10,324 6.89% 12,216 8.59% 15,104 7.96% 15,432CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.98% 14,655Past 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 4 schemes at Axis Mutual Fund. Please refer to annexure on Page 32-33 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Quick Take - Equity

•

•

•

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

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

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

Quick Take - Fixed Income••

••

The RBI is focused on maintaining a neutral liquidity stance and will focus on OMO`s to manage liquidity and bond yields.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

INR continues to remain relatively strong on a REER basis. RBI remains cautious of steep corrections.

10 yr G-Sec : Last 1 year

7.95%

6.48%

17.8%

Key highlights

HYBRIDOUTLOOK

SEPTEMBER 2018

Improving global sentiment and strong earnings across sectors powered markets to lifetime highs. Frontline indices S&P BSE Sensex & NIFTY 50 were up 2.8% & 2.9% for the month respectively. NIFTY Midcap 100 and NIFTY Smallcap 100 indices saw a jump of 5.5% & 2.7% respectively. FPIs continued to be active buyers with net investments of Rs 5,146 Cr across equity and debt markets.

• 10 Year at 7.95%: Bearish sentiments triggered by a weakening rupee and worsening crude oil prices saw benchmark 10-year G-Sec yields rise to 7.95%. The market took positives from the largely in-line RBI policy minutes. The minutes of the August MPC meeting reinstated the underlying inflationary risk fears as output gap continues to close.

• INR at new all-time Low: The INR touched a new low of 70.9 this month in line with other EM currencies. The RBI did intervene in the forex market cushioning the fall. However, the RBI understands that the Rupee may be somewhat overvalued on an REER basis, but with elections due next year they may not be willing to tolerate a sharp depreciation. The INR weakness despite this level of intervention suggests RBI will remain quite hawkish in the near term.

• Inflation – A Pullback: Consumer price inflation in July rose 4.2% compared with the same month last year, retreating from the five-month high of 5.0% in June. Inflation continues to undershoot RBI's forecast. RBI expects 4.6% average inflation for Q2 FY 19. The next two prints are likely to be lower on account of a strong base. Thus RBI may well have to slightly walk back its hawkishness on the inflation front.

• RBI Policy Stance: The RBI is worried that inflation will sequentially accelerate to 5% by June next year. This is basis the increase in Minimum Support Prices of key crops and potentially some imported inflation thanks to oil and the Rupee.

• Global Events: The US Fed highlighted to investors that it`s policy action was data dependent and gradual keeping in mind the health of the US economy. The Turkish lira continued its downward descent in line with the weak EM currencies and bonds. Argentina approached the IMF for ‘early’ economic support on the back of worsening economic conditions.

Key Events During the Month

Market View

Equity Markets

Rural and consumption stories continue to remain attractive with a long term perspective. Here we are currently focusing on market place disruptors. There are two types of disruptors, Traditional bellwethers looking to reinvent the market place and new disruptors which enter the markets and change the way the industry does business. Our investment focus continues to remain quality centric.

Going-forward, we continue to expect elevated volatility levels in the equity markets and hence advise investors to look at equity allocations from a medium to long term investment horizon. Systematic investments into equity products could also help investors ride out short term volatility.

Debt Markets

The fairly large intervention in forex markets has not been completely sterilized. Thus domestic liquidity has tightened. The RBI continues to maintain neutral liquidity conditions in the domestic market. Our expectation is that RBI will have to do a minimum of about 1-1.5 trillion rupees in open market purchases to maintain neutral liquidity from here to March 2019. This expected support from RBI is likely to keep a lid on G-Sec yields.

Fears about tight liquidity (and RBI policy) caused short term rates (money market and short bonds) to spike between April and May. But even as RBI has delivered 50 bps in rate hikes short yields have fallen back. This is now getting repriced.

Short rates especially 3 year corporate bonds are even now acting like the repo rate is 7% with tight liquidity. Thus even with 1-2 more hikes the curve is well positioned to absorb the hikes. Long rates on the other hand cannot take multiple hikes from here. There is the belief in OMO purchases and the belief that RBI will hold the line on 10-year G-Sec breaching the 8% mark. Money market rates have also seen some moderation in the interim. For now, the value is clearly at the short end of the corporate curve (~3-year mark). Currently short bonds offer 175+ basis spreads over operative rates and hence remain conducive for investors on a risk reward basis.

22

Source: Bloomberg, Axis MF Research.



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Aug 27, 2018 0.0553 0.0553 11.2453 11.1900 0.0553 0.0553 11.6353 11.5800

Monthly DividendJuly 25, 2018 0.0553 0.0553 11.0753 11.0200 0.0553 0.0553 11.4553 11.4000Jun 25, 2018 0.0553 0.0553 10.8600 10.8000 0.0553 0.0553 11.2100 11.1500Jun 25, 2018 0.1660 0.1660 11.0100 10.8200 0.1660 0.1660 11.3800 11.1900

Quarterly Dividend Mar 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


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 32.23

TOTAL FIXED DEPOSIT 6.03



Cholamandalam Investment and Finance Company Limited ICRA AA+ 2.53














Edelweiss Commodities Services Limited CARE AA 0.77

GOVERNMENT BOND Sovereign 3.17

TREASURY BILL 2.56


TOTAL EQUITY 64.72

TOTAL UNHEDGED EQUITY 43.55

AUTO 3.17

Hero MotoCorp Limited 0.51





BANKS 10.03



IndusInd Bank Limited 0.63


CEMENT 0.67

ACC Limited 0.08

JK Lakshmi Cement Limited 0.05


CHEMICALS 0.44


CONSTRUCTION PROJECT 1.65


Voltas Limited 0.98




Dabur India Limited 0.52



FINANCE 6.92


Cholamandalam Investment and Finance Company Limited 0.57

HDFC Limited 2.61

Sundaram Finance Holdings Limited 0.10


PETROLEUM PRODUCTS 4.29




SOFTWARE 5.84


NIIT Technologies Limited 0.44




TCNS Clothing Co. Limited 0.92

TRANSPORTATION 0.65

Container Corporation of India Limited 0.65

TOTAL HEDGED EQUITY 21.17

Jaiprakash Associates Limited 0.29

Suzlon Energy Limited 0.02


Dewan Housing Finance Corporation Limited 1.37


Infibeam Avenues Limited 8.78

Allahabad Bank 0.01

Tata Chemicals Limited 0.14

HDFC Limited 2.18

Century Textiles & Industries Limited 1.82

Godfrey Phillips India Limited 0.02



NET ASSET 100%

^Commercial Paper,PTC and Derivatives

DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

751.25 Cr.


779.89 Cr.

BENCHMARK

NIFTY50 Equity Savings Index%

(% w.e.f. 16th July, 2018)

Mr. Anupam TiwariWork experience: 13 years.

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



FUND MANAGER

Unhedged Equity - 43.55% Debt, Cash and Other Receivables* - 35.28% Hedged Equity - 21.17%

BWR AAA/ CRISIL AAA & Equivalent - 10.48% ICRA AA+ - 5.85% SOV - 5.73% CARE AA/ CRISIL AA/ ICRA AA/ BWR AA- 4.46% IND A+ - 2.36% IND AA- - 0.38%


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)

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

EXIT LOAD

23

AVERAGE MATURITY@*


@*


8.26%PORTFOLIO TURNOVER# (1 YEAR)

5.15 times

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 of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Equity Saver Fund - Growth 10.99% 11,099 8.74% 12,861 - - 8.21% 12,720

14-Aug-15NIFTY50 Equity Savings Index(Benchmark)

9.77% 10,977 9.50% 13,133 - - 8.62% 12,868

Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 12.37% 14,271Axis Equity Saver Fund - Direct Plan - Growth

12.16% 11,216 10.03% 13,323 - - 9.50% 13,190

14-Aug-15NIFTY50 Equity Savings Index(Benchmark)

9.77% 10,977 9.50% 13,133 - - 8.62% 12,868

Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 12.37% 14,271Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 6 schemes & R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 32 & 33 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 26.69TOTAL FIXED DEPOSIT 3.53CORPORATE BOND 19.42Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.78

Dewan Housing Finance Corporation Limited BWR AAA 0.73Edelweiss Commodities Services Limited CRISIL AA 0.04Hinduja Leyland Finance Limited CARE AA- 0.15HDFC Limited CRISIL AAA 1.45ICICI Bank Limited ICRA AA+ 0.91Indiabulls Housing Finance Limited BWR AAA 0.37Indian Railway Finance Corporation Limited CRISIL AAA 0.18IndoStar Capital Finance Limited CARE AA- 1.30JM Financial Products Limited CRISIL AA 0.52Larsen & Toubro Limited CRISIL AAA 0.34LIC Housing Finance Limited CRISIL AAA 0.56Magma Fincorp Limited ICRA AA- 0.18Muthoot Finance Limited CRISIL AA 0.56NABARD IND AAA 0.74Nuvoco Vistas Corporation Limited CRISIL AA 1.10Piramal Capital & Housing Finance Limited ICRA AA 0.19Piramal Enterprises Limited ICRA AA 0.37Power Finance Corporation Limited CRISIL AAA 3.12Reliance Jio Infocomm Limited CRISIL AAA 0.53Rural Electrification Corporation Limited CRISIL AAA 1.12Shriram Transport Finance Company Limited CRISIL AA+ 1.66Tata Power Company Limited IND AA 1.07Tata Sons Ltd CRISIL AAA 0.18UltraTech Cement Limited CRISIL AAA 0.20Vodafone Mobile Services Limited CRISIL AA- 1.09ZERO COUPON BOND 0.85Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.31

TMF Holdings Limited CRISIL AA 0.55OTHERS 1.97Indiabulls Housing Finance Limited CRISIL A1+ 1.97TREASURY BILL 0.9270 Days Tbill Sovereign 0.92TOTAL EQUITY 65.71TOTAL UNHEDGED EQUITY 48.55AUTO 2.74Hero MotoCorp Limited 0.48Maruti Suzuki India Limited 2.27AUTO ANCILLARIES 3.80Endurance Technologies Limited 0.81MRF Limited 0.89Varroc Engineering Limited 1.38WABCO India Limited 0.73BANKS 10.01Bandhan Bank Limited 2.22City Union Bank Limited 0.85HDFC Bank Limited 4.19IndusInd Bank Limited 0.38Kotak Mahindra Bank Limited 2.36CEMENT 1.09ACC Limited 0.04Shree Cement Limited 1.05CONSTRUCTION PROJECT 0.82Larsen & Toubro Limited 0.82CONSUMER DURABLES 0.49Amber Enterprises India Limited 0.49CONSUMER NON DURABLES 6.54Asian Paints Limited 1.14Britannia Industries Limited 2.44Hindustan Unilever Limited 2.08Nestle India Limited 0.87FINANCE 9.02Bajaj Finance Limited 3.04Cholamandalam Investment and Finance Company Limited

0.53

HDFC Limited 1.97Mahindra & Mahindra Financial Services Limited 1.35Mas Financial Services Limited 0.34Sundaram Finance Holdings Limited 0.11Sundaram Finance Limited 1.68INDUSTRIAL CAPITAL GOODS 0.49Bharat Electronics Limited 0.49PETROLEUM PRODUCTS 4.78Reliance Industries Limited 4.78SOFTWARE 6.00Infosys Limited 1.97Tata Consultancy Services Limited 3.83Tech Mahindra Limited 0.20TEXTILE PRODUCTS 2.77Page Industries Limited 1.82TCNS Clothing Co. Limited 0.95TOTAL HEDGED EQUITY 17.16


NET ASSET 100%

^Commercial Paper, Certificate of Deposit and Derivatives

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)

24

CRISIL A1+/ BWR AAA/ CRISIL AAA/ IND AAA & Equivalent - 19.09% CRISIL AA/ ICRA AA/ IND AA - 4.38% CRISIL AA+/ ICRA AA+ - 3.65% CARE AA-/ CRISIL AA-/ ICRA AA- - 2.72% SOV - 0.92%

COMPOSITION BY RATING (%)

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,697.28 Cr.


2,694.51 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*


1 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

7.70%

Mr. Anupam TiwariWork experience: 13 years.


Mr. Ashwin PatniWork experience: 16 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 20 years.


EXIT LOAD


Unhedged Equity - 48.55% Debt, Cash and Other Receivables*- 34.29% Hedged Equity £ - 17.16%

COMPOSITION BY ASSETS (%)


£ Hedged equity exposure is calculated using the notional exposure of index options.



Period 1 Year Since Inception

CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Dynamic Equity Fund - Growth 11.24% 11,124 10.86% 11,180

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark)

10.08% 11,008 8.61% 10,935

Nifty 50 (Additional Benchmark) 19.40% 11,940 15.79% 11,719Axis Dynamic Equity Fund - Direct Plan - Growth

13.22% 11,322 12.78% 11,390

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark)

10.08% 11,008 8.61% 10,935

Nifty 50 (Additional Benchmark) 19.40% 11,940 15.79% 11,719Past 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 32 & 33 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



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 Mar 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 11.7724Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977

Quarterly Dividend

Sep 26, 2016 0.3611 0.3346 11.9394 11.4394 0.3611 0.3346 12.3576 11.8576Jun 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 13.4910Dec 26, 2017 0.1805 0.1672 11.1587 10.9087 0.0722 0.0669 13.8215 13.7215

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





Mahindra & Mahindra Financial Services Limited IND AAA 7.61









Blue Dart Express Limited ICRA AA 0.02




OTHERS 5.90




TOTAL EQUITY 24.93

BANKS 4.79




FINANCE 3.95



HDFC Limited 0.78







SOFTWARE 2.50




AUTO 2.08






TRANSPORTATION 1.23


Blue Dart Express Limited 0.54

CEMENT 1.10


CHEMICALS 0.86






RETAILING 0.72


PESTICIDES 0.71



Astral Poly Technik Limited 0.69OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.51


NET ASSETS 100%

^Commercial Paper

DATE OF ALLOTMENT


330.54 Cr.


326.40 Cr.

AVERAGE MATURITY@*


@*


8.67%

Mr. Ashish NaikWork experience: 11 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt* - 75.07% Equity - 24.93%

CRISIL A1+/ BWR AAA/ CRISIL AAA/ IND AAA & Equivalent - 60.32% IND AA+ - 6.13% CRISIL AA/ ICRA AA - 4.69% CARE A+/ ICRA A+(SO) - 3.93%



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£(FORMERLY KNOWN AS AXIS INCOME SAVER)

(An Open Ended Hybrid Scheme Investing Predominantly In Debt Instruments)

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

EXIT LOAD

DIVIDENDS

25

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index%

(% w.e.f. 16th July, 2018)


* 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.£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.


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Growth 7.07% 10,707 7.38% 12,385 10.60% 16,560 8.39% 19,259

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

8.50% 10,850 9.40% 13,097 11.06% 16,904 9.27% 20,564

CRISIL 10 Year Gilt Index (Additional Benchmark)

-3.54% 9,646 5.54% 11,759 6.83% 13,919 5.94% 15,987

Axis Regular Saver Fund - Direct Plan - Growth

8.36% 10,836 8.87% 12,907 12.18% 17,777 10.56% 17,644

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

8.50% 10,850 9.40% 13,097 11.06% 16,904 9.72% 16,904


-3.54% 9,646 5.54% 11,759 6.83% 13,919 5.88% 13,815

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 32 & 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



Unhedged Equity - 71.37% Debt, Cash and Other Receivables* - 28.63%

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

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.

26

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

EXIT LOAD


CRISIL A1+/ CRISIL AAA & Equivalent - 10.11% SOV - 7.97% CRISIL AA/ BWR AA - 4.30% ICRA AA+ - 4.08% CARE A+/ IND A+ - 1.45% IND AA- - 0.24%

DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

404.26 Cr.


410.88 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY@*


@*


8.03%


He has been managing this fund since 6th July 2016


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

FUND MANAGER


TOTAL FIXED DEPOSIT 0.49


Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.49










TMF Holdings Limited CRISIL AA 1.10


BANKS 0.93


TREASURY BILL 7.85



TOTAL EQUITY 71.37

TOTAL UNHEDGED EQUITY 71.37

AUTO 4.56








BANKS 13.00


City Union Bank Limited 1.34



CEMENT 2.92


CHEMICALS 3.36

Camlin Fine Sciences Limited 0.92


Sudarshan Chemical Industries Limited 0.55







FINANCE 12.41



HDFC Standard Life Insurance Company Limited 1.24

HDFC Limited 4.17



INDUSTRIAL CAPITAL GOODS 1.19




MEDIA & ENTERTAINMENT 1.27

PVR Limited 1.27

PESTICIDES 1.25





RETAILING 1.66


SOFTWARE 7.07






TRANSPORTATION 0.60



NET ASSETS 100%^ Derivatives

PORTFOLIO

@ 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). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. £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.^ No fresh subscription allowed

Period 1 Year Since Inception

CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

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

12.62% 11,262 11.48% 13,455

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

12.85% 11,285 14.19% 14,368

Nifty 50 (Additional Benchmark) 19.40% 11,940 18.09% 15,750Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

14.45% 11,445 13.28% 14,058


12.85% 11,285 14.19% 14,368

Nifty 50 (Additional Benchmark) 19.40% 11,940 18.09% 15,750Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

12.63% 11,263 11.48% 13,455


12.85% 11,285 14.19% 14,368

Nifty 50 (Additional Benchmark) 19.40% 11,940 18.09% 15,750Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

14.65% 11,465 13.62% 14,172


12.85% 11,285 14.19% 14,368

Nifty 50 (Additional Benchmark) 19.40% 11,940 18.09% 15,750Past 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 32 for performance of all schemes managed by the fund managers.




PORTFOLIO

RATING % OF ASSETS

CORPORATE BOND 8.60

Hindalco Industries Limited CRISIL AA 0.17

India Infrastructure Fin Co Ltd CRISIL AAA 0.88






TREASURY BILL 2.93


TOTAL EQUITY 76.17

BANKS 14.93




FINANCE 12.07

HDFC Limited 4.49



Gruh Finance Limited 2.08HDFC Standard Life Insurance Company Limited 0.64






SOFTWARE 8.43








AUTO 5.58






CEMENT 3.19


TRANSPORTATION 2.88





PESTICIDES 2.36


UPL Limited 0.83

RETAILING 2.34


CHEMICALS 2.14

Camlin Fine Sciences Limited 1.24


MEDIA & ENTERTAINMENT 1.36

PVR Limited 1.36OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.27

EXCHANGE TRADED FUNDS 10.28

Axis Gold ETF 10.28


NET ASSETS 100%

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

300.72 Cr.


302.94 Cr.

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

Index + 15% of INR Price of Gold%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY@*

3.6 years

Mr. R. Sivakumar Work experience: 20 years.

He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER

Equity - 76.17% Debt* - 13.55% ETFs - 10.28%

CRISIL AAA & Equivalent - 8.94 % SOV - 3.64% CRISIL AA/BWR AA - 0.97%



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)

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

EXIT LOAD

27



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 10.43% 11,043 9.00% 12,954 10.19% 16,256 8.76% 19,628

23-Aug-10

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

13.04% 11,304 12.12% 14,098 13.24% 18,636 10.00% 21,489


-3.54% 9,646 5.54% 11,759 6.83% 13,919 6.24% 16,254

Axis Triple Advantage Fund - Direct Plan - Growth

11.48% 11,148 10.18% 13,379 11.41% 17,174 9.15% 16,424

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

13.04% 11,304 12.12% 14,098 13.24% 18,636 10.82% 17,899


-3.54% 9,646 5.54% 11,759 6.83% 13,919 5.96% 13,881

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 32 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). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.


MODIFIED DURATION@*



0.74 times



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Dividend

Aug 23, 2018 0.04 0.04 10.4998 10.4555 0.04 0.04 10.9912 10.9469

July 19, 2018 0.04 0.04 10.4950 10.4507 0.04 0.04 10.9752 10.9309

Jun 21, 2018 0.04 0.04 10.5019 10.4519 0.04 0.04 10.9729 10.9229Please 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

% OF ASSETSTOTAL HEDGED EQUITY 68.33

Infibeam Avenues Limited 4.79


Dewan Housing Finance Corporation Limited 3.52

HDFC Limited 3.49


Cadila Healthcare Limited 3.19



ICICI Bank Limited 3.01

Century Textiles & Industries Limited 2.63

Tata Steel Limited 2.16

Indiabulls Housing Finance Limited 2.07


Tech Mahindra Limited 1.94



Aurobindo Pharma Limited 1.53


Ashok Leyland Limited 1.25

GMR Infrastructure Limited 1.14

The Federal Bank Limited 1.04

United Spirits Limited 1.03

Capital First Limited 1.02

CESC Limited 1.02

Bharat Electronics Limited 0.86

Yes Bank Limited 0.78


Punjab National Bank 0.75

IDBI Bank Limited 0.72


Jaiprakash Associates Limited 0.53

Biocon Limited 0.42

Escorts Limited 0.39

Suzlon Energy Limited 0.38

Balrampur Chini Mills Limited 0.38

Shriram Transport Finance Company Limited 0.37

TV18 Broadcast Limited 0.36

Bank of Baroda 0.31

Reliance Infrastructure Limited 0.30


Zee Entertainment Enterprises Limited 0.25

Jain Irrigation Systems Limited 0.23

The Karnataka Bank Limited 0.23


CEAT Limited 0.22

Adani Power Limited 0.20

Union Bank of India 0.20

Torrent Power Limited 0.20

Kajaria Ceramics Limited 0.19

L&T Finance Holdings Limited 0.19

Jubilant Foodworks Limited 0.18

CG Power and Industrial Solutions Limited 0.18

Tata Motors Limited 0.17

Marico Limited 0.17

Godfrey Phillips India Limited 0.16

DLF Limited 0.15

Vedanta Limited 0.15

Bajaj Auto Limited 0.15

IRB Infrastructure Developers Limited 0.13

Bharat Financial Inclusion Limited 0.13



Hexaware Technologies Limited 0.09

Idea Cellular Limited 0.09

Syndicate Bank 0.08

Hindustan Petroleum Corporation Limited 0.08

JSW Steel Limited 0.07

Bharat Heavy Electricals Limited 0.07

Sun TV Network Limited 0.06

Hindalco Industries Limited 0.06

Wipro Limited 0.05

Wockhardt Limited 0.04


Equitas Holdings Limited 0.03

Max Financial Services Limited 0.03

Dish TV India Limited 0.03

The South Indian Bank Limited 0.02

Rural Electrification Corporation Limited 0.02

Andhra Bank 0.02

Adani Ports and Special Economic Zone Limited 0.02

Bank of India 0.01

Granules India Limited 0.003

IDFC Bank Limited 0.003


NET ASSETS 100%

DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

2,190.16 Cr.


1,905.90 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(FORMERLY KNOWN AS AXIS ENHANCED 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 )

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

EXIT LOAD

28

AVERAGE MATURITY*@

149 daysMODIFIED DURATION*@



12.19 times


@ 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.

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Arbitrage Fund - Growth 5.65% 10,565 5.96% 11,900 - - 6.47% 12,89214-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.09% 10,409 5.15% 11,627 - - 5.96% 12,642

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 - - 7.06% 13,181Axis Arbitrage Fund - Direct Plan - Growth 6.52% 10,652 6.84% 12,199 - - 7.37% 13,335

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.09% 10,409 5.15% 11,627 - - 5.96% 12,642CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 - - 7.06% 13,181Past 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 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


29

Axis Bluechip Fund£ - Growth Option

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

Total Amount Invested 1,030,000 600,000 360,000 120,000Market value as on August 31, 2018 2,045,706 911,726 486,396 135,683Returns (Annualised) 15.47% 16.76% 20.56% 25.11%Benchmark Returns (Annualised) 13.67% 15.43% 19.37% 24.02%Additional Benchmark Returns (Annualised) 13.86% 15.64% 20.38% 27.48%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st August 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

Total Amount Invested 1,040,000 600,000 360,000 120,000Market value as on August 31, 2018 2,613,618 983,271 481,661 134,313Returns (Annualised) 20.48% 19.85% 19.86% 22.85%Benchmark Returns (Annualised) 14.63% 16.65% 19.45% 20.96%Additional Benchmark Returns (Annualised) 13.61% 15.43% 19.37% 24.02%

^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 900,000 600,000 360,000 120,000Market value as on August 31, 2018 2,042,221 995,938 491,318 136,799Returns (Annualised) 21.33% 20.38% 21.28% 26.96%Benchmark Returns (Annualised) 18.79% 19.73% 17.31% 7.50%Additional Benchmark Returns (Annualised) 14.66% 15.43% 19.37% 24.02%

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

Axis Focused 25 Fund - Growth Option

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

Total Amount Invested 740,000 600,000 360,000 120,000Market value as on August 31, 2018 1,380,911 1,006,974 512,983 136,020Returns (Annualised) 20.07% 20.83% 24.41% 25.67%Benchmark Returns (Annualised) 15.27% 15.43% 19.37% 24.02%Additional Benchmark Returns (Annualised) 16.60% 16.65% 19.45% 20.96%

^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 1 Year SIP

Total Amount Invested 350,000 120,000Market value as on August 31, 2018 407,827 128,121Returns (Annualised) 10.50% 12.83%Benchmark Returns (Annualised) 10.22% 10.08%Additional Benchmark Returns (Annualised) 18.28% 19.86%

^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.

^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). The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.

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

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

Market value as on August 31, 2018 13,93,006 7,61,909 4,22,243 1,27,962

Returns (Annualised) 9.10% 9.49% 10.64% 12.54%

Benchmark Returns (Annualised) 11.27% 12.03% 14.06% 15.94%

Additional Benchmark Returns (Annualised) 5.94% 5.33% 2.53% -0.78%^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: Crisil 10 Year Gilt Index. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

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

Total Amount Invested 9,70,000 6,00,000 3,60,000 1,20,000

Market value as on August 31, 2018 14,00,553 7,42,801 4,05,610 1,25,012

Returns (Annualised) 8.89% 8.48% 7.91% 7.85%

Benchmark Returns (Annualised) 9.75% 9.60% 9.83% 9.97%

Additional Benchmark Returns (Annualised) 5.95% 5.33% 2.52% -0.77%

^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: CRISIL 10 year Gilt Index. Inception Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

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

Total Amount Invested 1,30,000 1,20,000Market value as on August 31, 2018 1,39,910 1,28,730Returns (Annualised) 13.33% 13.77%Benchmark Returns (Annualised) 12.22% 12.85%Additional Benchmark Returns (Annualised) 22.76% 24.02%

NAV

30

Option NAV (`)Dividend 16.87Growth 28.79Direct Plan - Dividend 18.22Direct Plan - Growth 30.73


Option NAV (`)Dividend Option 20.73Growth Option 29.75Direct Plan - Dividend 31.43Direct Plan - Growth 31.83

Option NAV (`)Dividend 11.61Growth 11.60Direct Dividend 11.76Direct Growth 11.76



Axis Bluechip Fund£ (Formerly Known As Axis Equity Fund)

Axis Liquid Fund

Axis Dynamic Bond Fund

Axis Credit Risk Fund£ (Formerly Known As Axis Fixed Income Opportunities Fund)

Axis Banking & PSU Debt Fund

Axis Gilt Fund£

(Formerly Known As Axis Constant Maturity 10 Year Fund)

Axis Equity Saver Fund

Axis Treasury Advantage Fund

Axis Corporate Debt Fund£ (Formerly Known As Axis Corporate Debt

Opportunities Fund)

Axis Short Term Fund

Axis Strategic Bond Fund£ (Formerly Known As Axis Regular Savings Fund)

Axis Regular Saver Fund£

(Formerly Known As Axis Income Saver Fund)

Axis Long Term Equity Fund

Axis Focused 25 Fund

Axis Multicap Fund

Axis Midcap Fund

Axis Arbitrage Fund (Formerly Known As Axis Enhanced Arbitrage Fund)

Option NAV (`)Daily Dividend 1001.3998Growth 1978.7344Monthly Dividend 1001.6520Weekly Dividend 1002.8701Retail Daily Dividend 1000.9559Retail Growth 1874.1439Retail Monthly Dividend 1000.9931Retail Weekly Dividend 1001.3370Direct Bonus 1986.1005Direct plan - Daily Dividend Option 1000.9560Direct plan - Growth Option 1986.2173Direct plan - Monthly Dividend Option 1001.0633Direct plan - Weekly Dividend Option 1002.8752

Option NAV (`)Growth 17.8124Half Yearly Dividend 10.5696Quarterly Dividend 10.3522Direct Plan - Growth option 18.9759Direct Plan - Half Yearly Dividend option 11.3228Direct Plan - Quarterly Dividend option 10.6424

Option NAV (`)Growth 13.8941Monthly Dividend 10.0921Weekly Dividend 10.1659Direct Growth 14.5725Direct Monthly Dividend 10.0373Direct Weekly Dividend 10.2472

Option NAV (`)Daily Dividend 1006.6798Growth 1636.7480Monthly Dividend 1006.1121Weekly Dividend 1005.9327Direct Plan - Daily Dividend option 1006.7042Direct Plan - Growth option 1654.7108Direct Plan - Monthly Dividend option 1006.1500Direct Plan - Weekly Dividend option 1005.9653

Option NAV (`)Growth 15.0071Half Yearly Dividend 10.7681Regular Dividend 10.0021Direct Plan - Growth option 15.4546Direct Plan - Regular Dividend option 10.0061

Option NAV (`)Regular Dividend 12.35Growth 12.72Monthly Dividend 11.10Quarterly Dividend 11.25Direct Regular Dividend 12.25Direct Growth 13.19Direct Monthly Dividend 11.49Direct Quarterly Dividend 11.66

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 14.0532Direct Plan - No Lock-In - Growth 14.1724No Lock-In - Dividend 13.4600No Lock-In - Growth 13.4545Compulsory Lock-In - Dividend 13.4613Compulsory Lock-In - Growth 13.4554Dir Plan - Comp Lock-In - Dividend 14.0533Dir Plan - Comp Lock-In - Growth 14.0577

Option NAV (`)Daily Dividend 1006.2334Growth 1988.3978Monthly Dividend 1006.1465Weekly Dividend 1006.6998Retail Daily Dividend 1005.4758Retail Growth 1860.7675Retail Monthly Dividend 1006.1434Retail Weekly Dividend 1005.3002Direct Plan - Daily Dividend option 1007.2893Direct Plan - Growth option 2038.507Direct Plan - Monthly Dividend option 1006.2066Direct Plan - Weekly Dividend option 1005.3566

Option NAV (`)Regular Plan Regular Dividend 10.7757Regular Plan Daily Dividend 10.0727Regular Plan Growth 10.7752Regular Plan Monthly Dividend 10.0532Regular Plan Weekly Dividend 10.0532Direct Plan Regular Dividend 10.8814Direct Plan Daily Dividend 10.0793Direct Plan Growth 10.8842Direct Plan Monthly Dividend 10.0542Direct Plan Weekly Dividend 10.0542

Axis Dynamic Equity Fund


Option NAV (`)Bonus 19.3206Growth 19.2106Monthly Dividend 10.1514Weekly Dividend Option 10.2460Regular Dividend Option 12.8516Retail Growth 18.9939Retail Monthly Dividend 10.0167Retail Weekly Dividend Option 10.1544Direct Plan - Regular Dividend Option 12.2334Direct Plan - Growth option 20.0804Direct Plan - Monthly Dividend option 10.0191Direct Plan - Weekly Dividend option 10.2466

Option NAV (`)Growth 17.2608Half Yearly Dividend 10.9067Quarterly Dividend 10.2878Direct Plan - Growth option 18.1098Direct Plan - Half Yearly Dividend option 11.2358Direct Plan - Quarterly Dividend option 10.9125

Option NAV (`)Growth Option 19.2588Dividend Option - Half Yearly 11.4496Dividend Option - Quarterly 10.9113Dividend Option - Annual 11.9675Direct Plan - Growth option 20.7703Direct Plan - Half Yearly Dividend option 12.1907Direct Plan - Quarterly Dividend option 13.8833Direct Plan - Annual Dividend option 12.7042

Axis Triple Advantage Fund


Equity Funds (as on 31st August 2018)

Debt Funds (as on 31st August 2018)

Hybrid Funds (as on 31st August 2018)

Fund Name Entry Load

Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount / in Multip-

ules of (`)

Minimum Installments

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Axis Liquid Fund NA Growth Option: `500 and in

multiples of ` 1/- thereafterAll other

Options:` 5,000 and in multiples of `1/- thereafter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- -

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

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

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

LOAD STRUCTURE & 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).

31

£Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid schemes effective from May 18, 2018.

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 : 6 SCHEMES)Axis Bluechip Fund - Growth

05-Jan-1021.17% 12,117 15.39% 15,371 19.44% 24,336 12.99% 28,790

Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 10.98% 24,638S&P BSE Sensex (Additional Benchmark) 23.20% 12,320 15.21% 15,300 17.32% 22,243 11.08% 24,828Axis Bluechip Fund - Direct Plan - Growth

01-Jan-1322.92% 12,292 16.77% 15,931 20.85% 25,802 17.74% 25,230

Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100S&P BSE Sensex (Additional Benchmark) 23.20% 12,320 15.21% 15,300 17.32% 22,243 14.39% 21,422Axis Midcap Fund - Growth

18-Feb-1124.32% 12,432 13.75% 14,724 28.41% 34,963 19.45% 38,180

S&P BSE Midcap (Benchmark) 9.65% 10,965 17.63% 16,282 27.58% 33,847 14.71% 28,130Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 12.04% 23,554Axis Midcap Fund - Direct Plan - Growth

01-Jan-1325.68% 12,568 15.06% 15,237 30.00% 37,177 21.27% 29,817

S&P BSE Midcap (Benchmark) 9.65% 10,965 17.63% 16,282 27.58% 33,847 17.80% 25,297Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100

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

29-Dec-0921.11% 12,111 14.68% 15,086 26.96% 33,031 19.35% 46,419

S&P BSE 200 (Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 11.76% 26,241Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 11.17% 25,065Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-1322.37% 12,237 15.92% 15,584 28.45% 35,012 23.60% 33,216

S&P BSE 200 (Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 15.23% 22,329Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100Axis Focused 25 Fund - Growth

29-Jun-1221.93% 12,193 19.58% 17,108 22.73% 27,882 19.31% 29,750

Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 15.16% 23,906S&P BSE 200 (Additional Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 16.54% 25,737Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-1323.32% 12,332 21.00% 17,723 24.22% 29,609 19.39% 27,298

Nifty 50 (Benchmark) 19.40% 11,940 15.08% 15,246 17.82% 22,726 14.09% 21,100S&P BSE 200 (Additional Benchmark) 17.75% 11,775 15.89% 15,570 19.97% 24,875 15.23% 22,329Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec -1615.94% 11,594 - - - - 18.66% 13,310

S&P BSE Midcap (Benchmark) 9.65% 10,965 - - - - 24.69% 14,460Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 26.29% 14,771Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan@

- Growth29-Dec -16

17.84% 11,784 - - - - 20.57% 13,670

S&P BSE Midcap (Benchmark) 9.65% 10,965 - - - - 24.69% 14,460Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 26.29% 14,771

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

14-Aug-1510.99% 11,099 8.74% 12,861 - - 8.21% 12,720

NIFTY 50 Equity Savings Index (Benchmark) 9.77% 10,977 9.50% 13,133 - - 8.62% 12,868Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 12.37% 14,271Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-1512.16% 11,216 10.03% 13,323 - - 9.50% 13,190

NIFTY 50 Equity Savings Index (Benchmark) 9.77% 10,977 9.50% 13,133 - - 8.62% 12,868Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 12.37% 14,271Axis Triple Advantage Fund - Growth

23-Aug-1010.43% 11,043 9.00% 12,954 10.19% 16,256 8.76% 19,628

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.04% 11,304 12.12% 14,098 13.24% 18,636 10.00% 21,489Crisil 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.24% 16,254Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-1311.48% 11,148 10.18% 13,379 11.41% 17,174 9.15% 16,424

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.04% 11,304 12.12% 14,098 13.24% 18,636 10.82% 17,899Crisil 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.96% 13,881Axis Dynamic Bond Fund - Growth

27-Apr-111.51% 10,151 6.97% 12,243 8.43% 14,995 8.17% 17,812

NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 8.02% 17,629Crisil 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.27% 15,640Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-132.42% 10,242 7.99% 12,598 9.65% 15,861 8.99% 16,283

NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 7.68% 15,211Crisil 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.96% 13,881Axis Capital Protection Oriented Fund - Series 5 #

02-Nov-1211.46% 11,146 8.21% 12,675 11.10% 16,936 9.01% 16,535

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 3.38% 10,338 8.59% 12,807 10.78% 16,690 9.31% 16,802Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.01% 14,847Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1512.62% 11,262 - - - - 11.48% 13,455

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368

Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1514.45% 11,445 - - - - 13.28% 14,058

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1512.63% 11,263 - - - - 11.48% 13,455

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1514.65% 11,465 - - - - 13.62% 14,172

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Dynamic Equity Fund - Growth

1-Aug-1711.24% 11,124 - - - - 10.86% 11,180

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 10.08% 11,008 - - - - 8.61% 10,935Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 15.79% 11,719Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-1713.22% 11,322 - - - - 12.78% 11,390

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 10.08% 11,008 - - - - 8.61% 10,935Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 15.79% 11,719

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

23-Aug-1010.43% 11,043 9.00% 12,954 10.19% 16,256 8.76% 19,628

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.04% 11,304 12.12% 14,098 13.24% 18,636 10.00% 21,489Crisil 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.24% 16,254Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-1311.48% 11,148 10.18% 13,379 11.41% 17,174 9.15% 16,424

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.04% 11,304 12.12% 14,098 13.24% 18,636 10.82% 17,899Crisil 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.96% 13,881Axis Regular Saver Fund£ - Growth #

16-Jul-107.07% 10,707 7.38% 12,385 10.60% 16,560 8.39% 19,259

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 8.50% 10,850 9.40% 13,097 11.06% 16,904 9.27% 20,564CRISIL 10 year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.94% 15,987Axis Regular Saver Fund£ - Direct Plan - Growth #

04-Jan-138.36% 10,836 8.87% 12,907 12.18% 17,777 10.56% 17,644

NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 8.50% 10,850 9.40% 13,097 11.06% 16,904 9.72% 16,904CRISIL 10 year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.88% 13,815Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1512.62% 11,262 - - - - 11.48% 13,455

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1514.45% 11,445 - - - - 13.28% 14,058

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1512.63% 11,263 - - - - 11.48% 13,455

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1514.65% 11,465 - - - - 13.62% 14,172

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.85% 11,285 - - - - 14.19% 14,368Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 18.09% 15,750Axis Nifty ETF

03-Jul-1719.01% 11,901 - - - - 20.78% 12,452

Nifty 50 (Benchmark) 19.40% 11,940 - - - - 20.02% 12,361FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 4 SCHEMES)

Axis Liquid Fund - Growth09-Oct-09

7.10% 10,710 7.28% 12,349 8.01% 14,702 7.97% 19,787NIFTY Liquid Index (Benchmark) 6.91% 10,691 7.06% 12,274 7.90% 14,626 7.91% 19,689Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.31% 14,231 6.45% 17,446Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.16% 10,716 7.35% 12,374 8.08% 14,752 8.16% 15,603

NIFTY Liquid Index (Benchmark) 6.91% 10,691 7.06% 12,274 7.90% 14,626 7.97% 15,441Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.31% 14,231 6.98% 14,661

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st August 2018)

32






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Liquid Fund - Retail Plan - Growth

01-Mar-106.48% 10,648 6.69% 12,148 7.44% 14,318 7.66% 18,741

NIFTY Liquid Index (Benchmark) 6.91% 10,691 7.06% 12,274 7.90% 14,626 8.12% 19,425Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.31% 14,231 6.64% 17,273Axis Treasury Advantage Fund - Growth

09-Oct-096.50% 10,650 7.36% 12,377 8.06% 14,742 8.03% 19,884

NIFTY Low Duration Debt Index (Benchmark) 6.58% 10,658 7.44% 12,403 8.47% 15,026 8.25% 20,251Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.45% 17,446Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-137.06% 10,706 7.88% 12,556 8.57% 15,091 8.59% 15,954

NIFTY Low Duration Debt Index (Benchmark) 6.58% 10,658 7.44% 12,403 8.47% 15,026 8.20% 15,632Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.98% 14,655Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-106.13% 10,613 6.83% 12,195 7.45% 14,329 7.58% 18,608

NIFTY Low Duration Debt Index (Benchmark) 6.58% 10,658 7.44% 12,403 8.47% 15,026 8.37% 19,809Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.64% 17,270Axis Banking & PSU Debt Fund - Growth

08-Jun-125.87% 10,587 7.35% 12,374 8.34% 14,931 8.23% 16,367

NIFTY Banking & PSU Debt Index (Benchmark) 3.24% 10,324 6.89% 12,216 8.59% 15,104 8.21% 16,356Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.04% 15,283Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-136.15% 10,615 7.57% 12,449 8.55% 15,079 8.31% 15,717

NIFTY Banking & PSU Debt Index (Benchmark) 3.24% 10,324 6.89% 12,216 8.59% 15,104 7.96% 15,432Crisil 1 Year T-Bill Index (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 6.98% 14,655

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

14-Aug-1510.99% 11,099 8.74% 12,861 - - 8.21% 12,720

NIFTY50 Equity Savings Index (Benchmark) 9.77% 10,977 9.50% 13,133 - - 8.62% 12,868Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 12.37% 14,271Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-1512.16% 11,216 10.03% 13,323 - - 9.50% 13,190

NIFTY50 Equity Savings Index (Benchmark) 9.77% 10,977 9.50% 13,133 - - 8.62% 12,868Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 12.37% 14,271Axis Small Cap Fund - Growth@@

29-Nov-1311.53% 11,153 13.94% 14,797 - - 24.58% 28,440

Nifty Smallcap 100 (Benchmark) -0.07% 9,993 15.15% 15,275 - - 21.56% 25,310Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 15.80% 20,091Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-1312.79% 11,279 15.20% 15,293 - - 25.98% 29,990

Nifty Smallcap 100 (Benchmark) -0.07% 9,993 15.15% 15,275 - - 21.56% 25,310Nifty 50 (Additional Benchmark) 19.40% 11,940 15.08% 15,246 - - 15.80% 20,091Axis Dynamic Equity Fund - Growth

1-Aug-1711.24% 11,124 - - - - 10.86% 11,180

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 10.08% 11,008 - - - - 8.61% 10,935Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 15.79% 11,719Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-1713.22% 11,322 - - - - 12.78% 11,390

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 10.08% 11,008 - - - - 8.61% 10,935Nifty 50 (Additional Benchmark) 19.40% 11,940 - - - - 15.79% 11,719

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 30 - Growth

11-Feb-16

12.57% 11,257 - - - - 14.27% 14,058Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark)

3.56% 10,356 - - - - 9.67% 12,658

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 - - - - 6.35% 11,702Axis Hybrid Fund - Series 30 - Direct Plan - Growth

11-Feb-16

14.16% 11,416 - - - - 15.80% 14,544Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%)(Benchmark)

3.56% 10,356 - - - - 9.67% 12,658

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 - - - - 6.35% 11,702Axis Hybrid Fund - Series 26 - Growth

10-Sep-15


3.56% 10,356 - - - - 8.64% 12,796


10-Sep-15


3.56% 10,356 - - - - 8.64% 12,796


01-Feb-16


3.56% 10,356 - - - - 9.04% 12,503


01-Feb-16


3.56% 10,356 - - - - 9.04% 12,503

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 - - - - 6.34% 11,720

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

16-Aug-133.91% 10,391 2.12% 10,650 6.00% 13,389 6.20% 13,548

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.38% 10,338 8.59% 12,807 10.78% 16,690 10.84% 16,802CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.39% 14,325Axis Hybrid Fund - Series 6 - Direct Plan - Growth

16-Aug-134.95% 10,495 3.12% 10,968 7.04% 14,056 7.24% 14,228

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.38% 10,338 8.59% 12,807 10.78% 16,690 10.84% 16,802CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.39% 14,325Axis Hybrid Fund - Series 7 - Growth

05-Sep-133.80% 10,380 2.35% 10,723 NA NA 6.27% 13,544

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.38% 10,338 8.59% 12,807 NA NA 10.42% 16,398CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 NA NA 7.30% 14,213Axis Hybrid Fund - Series 5 - Growth

25-Jul-133.65% 10,365 2.13% 10,654 7.03% 14,053 5.49% 13,139

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.38% 10,338 8.59% 12,807 10.78% 16,690 10.06% 16,309CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.34% 14,354Axis Hybrid Fund - Series 5 - Direct Plan - Growth

25-Jul-134.69% 10,469 3.13% 10,971 8.07% 14,747 6.52% 13,801

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 3.38% 10,338 8.59% 12,807 10.78% 16,690 10.06% 16,309CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 6.54% 12,095 7.30% 14,231 7.34% 14,354

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 33 SCHEMES)Axis Hybrid Fund - Series 30 - Growth

11-Feb-16


3.56% 10,356 - - - - 9.67% 12,658


11-Feb-16


3.56% 10,356 - - - - 9.67% 12,658


10-Sep-15


3.56% 10,356 - - - - 8.64% 12,796


10-Sep-15


3.56% 10,356 - - - - 8.64% 12,796


01-Feb-16


3.56% 10,356 - - - - 9.04% 12,503


01-Feb-16


3.56% 10,356 - - - - 9.04% 12,503

CRISIL 1 Year T-Bill (Additional Benchmark) 5.76% 10,576 - - - - 6.34% 11,720

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 33 SCHEMES)Axis Dynamic Bond Fund - Growth

27-Apr-111.51% 10,151 6.97% 12,243 8.43% 14,995 8.17% 17,812

NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 8.02% 17,629CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 6.27% 15,640Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-132.42% 10,242 7.99% 12,598 9.65% 15,861 8.99% 16,283

NIFTY Composite Debt Index (Benchmark) 1.01% 10,101 6.80% 12,184 8.70% 15,179 7.68% 15,211CRISIL 10 Year Gilt Index (Additional Benchmark) -3.54% 9,646 5.54% 11,759 6.83% 13,919 5.96% 13,881


33

34

Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.15% / 0.75% / 0.11%, Axis Treasury Advantage Fund : 0.78% / 0.78% / 0.25%, Axis Banking & PSU Debt Fund : 0.58% / 0.29%, Axis Short Term Fund : 0.99% / 0.99%/ 0.28%, Axis Dynamic Bond Fund : 1.52% / 0.63%, Axis Gilt Fund£ : 0.75% / 0.22%, Axis Strategic Bond Fund£ : 1.17% / 0.56%, Axis Credit Risk Fund£ : 1.70% / 0.69%, Axis Arbitrage Fund£ : 1.11% / 0.28%, Axis Corporate Debt Fund£ : 1.16% / 0.28%, Axis Regular Saver*£ : 2.64% / 1.50%, Axis Long Term Equity Fund*: 2.25% / 1.24%, Axis Focused 25 Fund* : 2.46% / 1.33%, Axis Bluechip Fund*£ : 2.53% / 0.93%, Axis Triple Advantage Fund* : 2.50% / 1.30%, Axis Midcap Fund*: 2.50% / 1.36%, Axis Equity Saver Fund* : 2.81% / 1.69%, Axis Children’s Gift Fund* : 2.84% / 1.04%, Axis Dynamic Equity Fund* : 2.54% / 0.81%, Axis Multi Cap Fund* : 2.47% / 0.81%, Axis Equity Hybrid Fund* : 2.55% / 0.58%

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

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 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 Multi-cap Fund since 20th November 2017, Axis Equity Hybrid Fund since inception.

Anupam Tiwari is managing Axis Equity Saver Fund and Axis Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th 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 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.






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Gold ETF

10-Nov-101.37% 10,137 2.38% 10,730 -3.30% 8,456 3.66% 13,243

Domestic Price of Gold (Benchmark) 2.40% 10,240 4.79% 11,509 -1.58% 9,232 4.16% 13,754Axis Gilt Fund - Growth

23-Jan-12-1.43% 9,857 5.93% 11,888 7.25% 14,194 6.34% 15,007

NIFTY All Duration G-Sec Index (Benchmark) -1.02% 9,898 6.05% 11,929 7.70% 14,496 6.85% 15,491Axis Gilt Fund - Direct Plan - Growth

01-Jan-13-0.90% 9,910 6.48% 12,076 7.78% 14,547 6.73% 14,463

NIFTY All Duration G-Sec Index (Benchmark) -1.02% 9,898 6.05% 11,929 7.70% 14,496 6.48% 14,270


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. The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.

35

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 instruments

AXIS 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 funds

AXIS 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 instruments

AXIS 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 error

AXIS 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 error

AXIS 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 instruments

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)) 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 allocation

AXIS NIFTY ETF FUND (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 Index

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 instruments

AXIS 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 debt

AXIS 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 liquidity

AXIS 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 instruments

AXIS 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 instruments

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

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