the rate are applicable for the financial year 2019-20 as per … · 2019. 11. 14. · the rate are...

The rate are applicable for the financial year 2019-20 as per Finance Act, 2019

^^If total turnover or gross receipts of the financial year 2017-18 does not exceed 400 crores.`

ELSS investment is subject to lock-in for 3 years.As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to ` 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961.Tax Savings of 46,800 shown above is calculated for the highest income tax slab.`

Total Income of Individual or HUF unit holder Rate of SurchargeExceeding 50 lac but not exceeding 1 crores 10%

Exceeding 1 crores but not exceeding 2 crores 15%

Exceeding 2 crores but not exceeding 5 crores 25%

Exceeding 5 crores 37%

$

$Individual/HUF

Individual/HUF

(e) If total turnover or gross receipts of the financial year 2017-18 does not exceed ` 400 crs.

ELSS investment is subject to lock-in for 3 years.As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961.Tax Savings of 46,800 shown above is calculated for the highest income tax slab.

``

(d) Finance Act, 2019 provides a rebate of lower of actual tax liability or ` 12,500 in case of individuals having total income of less than ̀ 5,00,000.

(c)

Total Income Rate of Surcharge

Exceeding 50 Lac but not exceeding 1 Crores 10%

Exceeding 1 Crores but not exceeding 2 Crores 15%

Exceeding 2 Crores but not exceeding 5 Crores 25%

Exceeding 5 Crores 37%

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

6

Equity Outlook 7Axis Bluechip Fund 8Axis Focused 25 Fund 9

Axis Midcap Fund

1011

Axis Arbitrage Fund 38

Fixed Income Outlook 15

Axis Liquid Fund16

Axis Dynamic Bond Fund

22

Axis Strategic Bond Fund

2425

27

Axis Equity Saver Fund

30

34

3536

Axis Treasury Advantage Fund 19

Axis Short Term Fund

21

Axis Gilt Fund 26

Tax Reckoner 2

23

Axis Dynamic Equity Fund

31

Hybrid Outlook 28

12

Axis Ultra Short Term Fund 18

33

Axis Small Cap Fund1314

17

Axis Long Term Equity Fund

Axis Growth Opportunities FundAxis Multicap Fund

Axis Overnight Fund

Axis Money Market Fund 20

Axis Corporate Debt FundAxis Banking & PSU Debt Fund

Axis Credit Risk Fund

Axis Regular Saver Fund

Axis Triple Advantage FundAxis Equity Hybrid FundAxis Children’s Gift Fund

I N D E X

NAV’s

Load Structure And Minimum Investment Amount

Annexure

Expense Ratios

Product Labeling

42

44

45

47

48

40SIP Performance Of Selected Schemes

EQUITYN O V E M B E R 2 0 1 9

14.4%3.5%

7.4%

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.

MARKETS

CORPORATE

GLOBAL

Diwali cheer was spread across markets as equity markets rose on the hopes of further government stimulus and corporate earnings. For the month, S&P BSE Sensex & NIFTY 50 ended in positive territory, up 3.8% and 3.5% respectively. The up move this month was broad based across large, mid and small cap stocks. NIFTY Midcap 100 & NIFTY small cap 100 were up 4.9% & 2.7% respectively.

Retail Inflation in India continued its upward trajectory largely driven by food inflation. CPI inflation stood at 3.99% in September compared to 3.28% in August 2019, in line with RBI’s mandated target of 4%. Ex food, the number remains comfortable and should be seen as a positive impact of monetary and fiscal policies. Brent crude ended the month at US$59.6/barrel while the India crude basket followed suit and ended the month at US$61.1/barrel.

The first batch of corporate earnings displayed mild positivity as green shoots in consumer demand and corporate tax cut effects bearing fruit saw profits jump 15-18% on a YoY basis. This number is marginally lower ex-financials given the impact of base effects for financials. ~54% of companies that reported earnings have beaten consensus estimates according to Bloomberg. While we still in the early stages of ‘results season’, we believe results are likely to set the markets up for the next phase of growth. The worst clearly seems to be behind us.

The festival season this month has been largely in line with market expectations. Channel checks indicate moderate growth in sales – A big positive, given the weak commentary up until now. Above average monsoons, should buoy consumer sentiment especially in the rural space We will however be in ‘wait and watch mode’ to see the impact of the festival sales numbers on corporate earnings next quarter.

Policy action last month has given corporate India a much needed stimulus. This coupled with falling interest rates and a demand recovery are likely to be catalysts for recovery in the economy and by extension equity markets. Markets have already begun pricing in

positives from the corporate earnings as seen in the rally post Diwali.

Our focus on quality and are bias towards fundamentally sound business models, the big trend we are looking to play is the corporate deleveraging and operational efficiency story that is unravelling. Our investment philosophy has always looked to capture earnings driven growth sustainably over long time periods. This has worked well for us and our portfolios are testament to this philosophy. We continue to remain optimistic on equities over the medium to long term and have positioned our portfolios accordingly. Volatility will remain an inherent factor and hence investors are advised to deploy portfolios in a staggered manner.

On Mid and small caps, we believe opportunities have emerged post the steep corrections. While the broader market is likely to remain volatile our focus will remain on companies with well-defined niches and strong moats are likely to deliver above average returns within the wider mid and small cap basket. Investment opportunities can be looked at in the current market environment.

Investors

• Do not Panic - Corrections are healthy.

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

• Be fearful when others are greedy.

Distributors

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

• Effective Portfolio Management Key.

• Investors trust you. Be Responsible!

RESPONSIBLE INVESTING – TIP FOR THE MONTH

7

Source: Bloomberg, Axis MF Research.

Please refer to page no 42-43, 47, 48,50 for NAV, TER, Riskometer & Statutory Details.

Instrument Type/Issuer Name Industry % OF NAV

EQUITY 88.73%

EQUITIES 87.98%

HDFC Bank Limited Banks 9.06%

Kotak Mahindra Bank Limited Banks 7.68%

ICICI Bank Limited Banks 7.46%

Bajaj Finance Limited Finance 7.43%

Reliance Industries Limited Petroleum Products 6.58%

Avenue Supermarts Limited Retailing 5.42%

Infosys Limited Software 4.95%

Nifty 50 Index Index 3.92%

Asian Paints Limited Consumer Non Durables 3.76%

Tata Consultancy Services Limited Software 3.66%

Hindustan Unilever Limited Consumer Non Durables 3.51%

Nestle India Limited Consumer Non Durables 3.45%

HDFC Limited Finance 3.43%

Bajaj Finserv Limited Finance 3.41%

Maruti Suzuki India Limited Auto 2.66%

Bandhan Bank Limited Banks 2.52%

Larsen & Toubro Limited Construction Project 2.50%

Titan Company Limited Consumer Durables 1.42%

UltraTech Cement Limited Cement 1.38%

Pidilite Industries Limited Chemicals 1.28%

Divi's Laboratories Limited Pharmaceuticals 0.98%

Tech Mahindra Limited Software 0.94%

Mahindra & Mahindra Limited Auto 0.59%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.75%

DEBT, CASH & OTHER CURRENT ASSETS 11.27%

GRAND TOTAL 100.00%

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

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

FACTSHEETOCTOBER 2019

8

PORTFOLIO

Financial Services 40.99

Consumer Goods 17.56

IT 9.55

Energy 6.58

Others 3.92

Automobile 3.59

Construction 2.50

Cement & Cement Products

1.38

Chemicals 1.28

Pharma 0.98

Industrial Manufacturing 0.41

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

8,323.92 Cr.

AS ON 31st OCTOBER’19

8,749.21Cr.

BENCHMARK

Nifty 50 TRI

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 12.54%

Beta - 0.88

Sharpe Ratio** - 0.83

FUND MANAGER

Mr. ShreyashDevalkar

Work experience: 18 years. He has been managing this fund since

23rd November 2016

SECTORALLOCATION

(%)

8

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

ENTRY & EXIT LOAD

**Risk-free rate assumed to be 5.25% (MIBOR as on 31-10-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st October 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered

PERFORMANCE (as on 31st October 2019)

Regular Plan Direct Plan

Options Record Date

Dividend (` Per unit) NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 14, 2019 1.33 1.33 16.33 14.83 1.33 1.33 17.77 16.27Mar 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 14.39

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

DIVIDENDS

Period 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of

Investment of` 10,000/-

CAGR (%)

Current Value of

Investment of`. 10,000/-

CAGR (%)

Current Value of


CAGR (%)

Current Value of

Investment of ` 10,000

Date of inception

Axis Bluechip Fund - Growth 25.11% 12,511 15.69% 15,505 11.07% 16,912 12.38% 31,49005-Jan-10Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 9.97% 25,437

S&P BSE Sensex TRI (Additional Benchmark) 17.97% 11,797 14.18% 14,903 8.99% 15,380 10.28% 26,147Axis Bluechip Fund - Direct Plan -Growth 26.66% 12,666 17.18% 16,112 12.41% 17,953 16.27% 28,005

01-Jan-13Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785S&P BSE Sensex TRI (Additional Benchmark) 17.97% 11,797 14.18% 14,903 8.99% 15,380 12.65% 22,561Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

PORTFOLIOTURNOVER (1 YEAR)

0.96 times*

0.50 times^



IT 12.21



Automobile 6.92

Chemicals 5.11

Energy 5.04

Cement & Cement Products 2.55

Construction 2.02

Pharma 1.41

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

8,492.30 Cr.


8,799.58 Cr.

BENCHMARK

Nifty 50 TRI



Beta - 1.00


FUND MANAGER

Mr. Jinesh Gopani Work experience:18 years.

He has been managing this fund since 07th June 2016

SECTORALLOCATION

(%)

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

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

9

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

**Risk-free rate assumed to be 5.25% (MIBOR as on 31-10-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 31st October 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Focused 25 Fund - Growth 21.02% 12,102 14.59% 15,064 13.76% 19,061 16.38% 30,46029-Jun-12Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 13.09% 24,682

S&P BSE 200 TRI (Additional Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 13.78% 25,806Axis Focused 25 Fund - Direct Plan - Growth 22.72% 12,272 16.01% 15,633 15.22% 20,313 16.50% 28,396

01-Jan-13Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785S&P BSE 200 TRI (Additional Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 12.52% 22,389Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

PORTFOLIO

Instrument Type/Issuer Name Industry% OF NAV

EQUITY 98.01%

EQUITIES 98.01%











Info Edge (India) Limited Software 4.83%

Supreme Industries Limited Industrial Products 4.46%



Shree Cement Limited Cement 2.55%


Cummins India Limited Industrial Products 2.04%


V-Guard Industries Limited Consumer Durables 1.77%

WABCO India Limited Auto Ancillaries 1.47%


Eicher Motors Limited Auto 0.91%


Endurance Technologies Limited Auto Ancillaries 0.84%


GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 07, 2019 1.59 1.59 18.17 16.37 1.59 1.59 27.74 25.94Mar 08, 2018 2.00 2.00 19.47 17.47 - - - -Feb 28, 2017 1.30 1.30 17.14 15.84 - - - -

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


0.97 times*

0.67 times^




IT 13.44

Automobile 9.34

Chemicals 5.48


Energy 3.35

Pharma 1.41

Construction 1.19

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

20,658.18 Cr.


21,492.33 Cr.

BENCHMARK

S&P BSE 200 TRI


Standard Deviation

- 13.85%

Beta - 0.97



0.57 times*

0.54 times^

FUND MANAGER

Mr. Jinesh Gopani Work experience: 18 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

Entry Load : NA Exit Load : NIL

**Risk-free rate assumed to be 5.25% (MIBOR as on 31-10-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st October 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Jan 31, 2019 2.04 2.04 21.3841 19.0841 1.33 1.33 35.8679 34.3679

Regular Dividend

Mar 22, 2018 2.50 2.50 23.0548 20.5548 1.50 1.50 35.6776 34.1776Jan 31, 2017 2.23 2.23 21.1726 18.9426 - - - -Jan 25, 2016 2.25 2.25 21.2217 18.9717 - - - -


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Long Term Equity Fund - Growth 22.95% 12,295 13.46% 14,620 12.71% 18,192 17.59% 49,28329-Dec-09S&P BSE 200 TRI (Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 10.33% 26,311

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 10.14% 25,878Axis Long Term Equity Fund - Direct Plan - Growth 24.13% 12,413 14.63% 15,081 13.93% 19,199 20.45% 35,666

01-Jan-13S&P BSE 200 TRI (Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 12.52% 22,389Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

PORTFOLIO


EQUITY 95.33%

EQUITIES 94.76%












Torrent Power Limited Power 3.35%

TTK Prestige Limited Consumer Durables 2.88%

Symphony Limited Consumer Durables 1.96%

Motherson Sumi Systems Limited Auto Ancillaries 1.92%


Sundaram Finance Limited Finance 1.75%



Astral Poly Technik Limited Industrial Products 1.60%





Multi Commodity Exchange of India Limited Finance 0.88%


Mas Financial Services Limited Finance 0.52%



GRAND TOTAL 100.00%ENTRY & EXIT LOAD



MONTHLY AVERAGE

863.42 Cr.


891.80 Cr.

BENCHMARK

NIFTY LargeMidcap 250

Index TRI

SECTORALLOCATION

(%)

AXIS GROWTH OPPORTUNITIES FUND

11

INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas. However, there can be no assurance that the investment objective of the Scheme will be achieved.

An open-ended equity scheme investing in both large cap and mid cap stocks

Mr. Jinesh Gopani Work experience: 18 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

22nd October2018

Entry Load : NAExit Load : If redeemed / switched-out on or before 12 months from the date of allotment, For 10% of investments: Nil. For remaininginvestments: 1%. If redeemed / switched - out after 12 months from the date of allotment: NIL

PORTFOLIO


EQUITY 99.99%

DOMESTIC EQUITIES 78.89%



Torrent Power Limited Power 5.67%

PI Industries Limited Pesticides 5.30%









Cholamandalam Investment and Finance Company Limited Finance 2.75%


Bata India Limited Consumer Durables 2.39%






HDFC Life Insurance Company Limited Finance 1.16%

Eicher Motors Limited Auto 1.02%

TVS Motor Company Limited Auto 0.88%




OTHER DOMESTIC EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.84%

INTERNATIONAL EQUITIES 20.27%

Alphabet Inc A Interactive Media & Services 0.98%

JP Morgan Chase & Co Diversified Banks 0.83%

Facebook Inc Interactive Media & Services 0.82%

Unitedhealth Group Inc Managed Health Care 0.77%

Visa Inc Data Processing & Out-sourced Services 0.74%

Home Depot Inc Home Improvement Retail 0.72%

Nestle SA Packaged Foods & Meats 0.72%

Merck & Co Inc SHS Pharmaceuticals 0.69%

Roche Holdings Ltd-Spons Adr Pharmaceuticals 0.69%

Total SA-Spon ADR Integrated Oil & Gas 0.67%

Union Pacific Corp Railroads 0.67%

Comcast Corp-Class A Cable & Satellite 0.67%

HCA Healthcare Inc Health Care Services 0.67%

Erste Group Bank AG-Spon ADR Diversified Banks 0.66%

AIA Group Ltd-Sp ADR Life & Health Insurance 0.66%

Novartis AG-Sponsored ADR Pharmaceuticals 0.66%

Philip Morris International Tobacco 0.65%

Rockwell Automation Inc Electrical Components & Equipment 0.65%

Booking Holdings Inc Internet & Direct Marketing Retail 0.64%

Adobe Inc Application Software 0.64%

Autozone Inc (USD) Automotive Retail 0.64%

Adidas AG-Sponsored ADR Apparel, Accessories and Luxury Goods 0.63%

Thermo Fisher Scientific Inc Life Sciences Tools & Services 0.62%

T-Mobile US Inc Wireless Telecommunication Services 0.62%

Fortive Corp Industrial Machinery 0.61%

Danaher Corp Health Care Equipment 0.61%

Alibaba Group Holding ADR Internet & Direct Marketing Retail 0.60%

NASDAQ Inc Financial Exchanges & Data 0.58%

Roper Technologies Inc Industrial Conglomerates 0.58%

Texas Instrs Inc Com Semiconductors 0.58%


GRAND TOTAL 100.00%



IT 14.66


Energy 6.34

Fertilisers & Pesticides 5.30

Pharma 4.10

Automobile 3.86

Chemicals 2.53

Services 1.28

Healthcare Services 0.61

ENTRY & EXIT LOAD

Mr. Hitesh Das (for Foreign Securities)

Work experience: 09 years.He has been managing this fund since

inception.

Note : Industry classification is done as per Global Industry Classification Standard (GICS) by MSCI and Standard & Poor’s for Foreign Equity



Period 1 Year Since Inception

CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Growth Opportunities Fund - Regular Plan - Growth Option

17.76% 11,776 17.53% 11,800

22-Oct-18NIFTY LargeMidcap 250 TRI (Benchmark) 9.00% 10,900 12.14% 11,246Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 17.19% 11,765Axis Growth Opportunities Fund - Direct Plan - Growth 20.06% 12,006 19.77% 12,030

22-Oct-18NIFTY Large Midcap 250 TRI (Benchmark) 9.00% 10,900 12.14% 11,246Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 17.19% 11,765Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance datafor 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Jinesh Gopani is managing the scheme since 22nd October 2018 and he manages 5 schemes of Axis Mutual Fund & Hitesh Das is managing the scheme since 22nd October 2018 and he manage 1 schemes of Axis Mutual Fund Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.


MONTHLY AVERAGE

4,670.35 Cr.


4,849.63 Cr.

BENCHMARK

Nifty 500 Index TRI

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

12

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

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

Mr. Shreyash Devalkar Work experience: 18 years.


FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

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

PORTFOLIO


EQUITY 88.84%

EQUITIES 87.91%
























ACC Limited Cement 0.79%





GRAND TOTAL 100.00%



IT 7.49

Energy 5.16

Automobile 4.39

Construction 3.01

Others 3.00



Chemicals 1.50

Pharma 1.05



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Multicap Fund - Regular Plan - Growth 23.80% 12,380 NA NA NA NA 12.57% 12,590 20-Nov-17Nifty 500 TRI (Benchmark) 12.10% 11,210 NA NA NA NA 4.23% 10,838Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 9.12% 11,850Axis Multicap Fund - Direct Plan - Growth 25.73% 12,573 NA NA NA NA 14.44% 13,000 20-Nov-17Nifty 500 TRI (Benchmark) 12.10% 11,210 NA NA NA NA 4.23% 10,838Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 9.12% 11,850Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 20th Nov 2017 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

ENTRY & EXIT LOAD

PORTFOLIOTURNOVER* (1 YEAR)

1.04 times



Financial Services

26.61

Consumer Goods

20.31

Industrial Manufacturing

10.38

IT 8.52

Pharma 5.02

Construction 3.91

Energy 3.11

Fertilisers & Pesticides

3.02

Automobile 2.85

Services 1.96

Cement & Cement Products

1.51

Chemicals 1.07

Others 1.02

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

3,330.10 Cr.


3,551.05 Cr.

BENCHMARK

S&P BSE MidcapTRI



Beta - 0.76


FUND MANAGER

Mr. Shreyash Devalkar

Work experience: 18 years.He has been managing this fund since

23rd November 2016

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)

13

Entry Load : NAExit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL**Risk-free rate assumed to be 5.25% (MIBOR as on 31-10-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st October 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 14, 2019 2.12 2.12 24.10 21.70 2.12 2.12 29.05 26.65

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 17.55% 11,755 13.28% 14,550 11.72% 17,410 17.13% 39,59018-Feb-11S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 4.59% 11,445 9.81% 15,970 11.13% 25,048

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 10.75% 24,318Axis Midcap Fund - Direct Plan - Growth 19.11% 11,911 14.61% 15,070 13.04% 18,465 18.21% 31,373

01-Jan-13S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 4.59% 11,445 9.81% 15,970 12.62% 22,526Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

PORTFOLIO


EQUITY 89.27%

EQUITIES 87.78%



City Union Bank Limited Banks 4.90%

Bata India Limited Consumer Durables 4.68%



Voltas Limited Consumer Durables 3.91%

Cholamandalam Investment and Finance Company Limited Finance 3.34%

Indraprastha Gas Limited Gas 3.11%



Mphasis Limited Software 2.97%



Trent Limited Retailing 2.34%

Aditya Birla Fashion and Retail Limited Retailing 2.21%

Kansai Nerolac Paints Limited Consumer Non Durables 2.13%

The Indian Hotels Company Limited

Hotels, Resorts and other Recreational Activities

1.96%

IPCA Laboratories Limited Pharmaceuticals 1.91%


Mahindra & Mahindra Financial Services Limited Finance 1.83%




Sanofi India Limited Pharmaceuticals 1.54%

ACC Limited Cement 1.51%

Whirlpool of India Limited Consumer Durables 1.37%

SKF India Limited Industrial Products 1.37%

Berger Paints (I) Limited Consumer Non Durables 1.35%


TTK Prestige Limited Consumer Durables 1.05%

Aarti Industries Limited Chemicals 1.05%

AU Small Finance Bank Limited Banks 1.05%


Max Financial Services Limited Finance 0.90%


AIA Engineering Limited Industrial Products 0.60%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



0.46 times*

0.33 times^


MONTHLY AVERAGE

1,101.57 Cr.


1,199.83 Cr.

BENCHMARK

Nifty Smallcap100 TRI

SECTORALLOCATION

(%)

AXIS SMALL CAP FUND*

14

INVESTMENT OBJECTIVE: To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

(An open ended equity scheme predominantly investing in small cap stocks)

FUND MANAGER

DATE OF ALLOTMENT

29th November 2013

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

PORTFOLIO


EQUITY 85.00%

EQUITIES 83.57%


NIIT Technologies Limited Software 6.04%

Galaxy Surfactants Limited Chemicals 6.04%

Mas Financial Services Limited Finance 5.60%

Fine Organic Industries Limited Chemicals 4.95%

Heidelberg Cement India Limited Cement 4.75%


Can Fin Homes Limited Finance 3.95%

Gulf Oil Lubricants India Limited Petroleum Products 3.85%

JK Cement Limited Cement 3.60%

Neogen Chemicals Ltd Chemicals 3.02%

Ahluwalia Contracts (India) Limited Construction 2.50%

Brigade Enterprises Limited Construction 2.49%

VST Industries Limited Consumer Non Durables 2.37%

TCNS Clothing Co. Limited Textile Products 2.24%

Orient Electric Limited Consumer Durables 2.20%

Blue Star Limited Consumer Durables 1.91%

Orient Refractories Limited Industrial Products 1.91%


Vesuvius India Limited Industrial Products 1.70%

Vinati Organics Limited Chemicals 1.66%

Varroc Engineering Limited Auto Ancillaries 1.52%


JM Financial Limited Finance 1.13%

KNR Constructions Limited Construction 1.04%

Grindwell Norton Limited Industrial Products 1.00%

Igarashi Motors India Limited Auto Ancillaries 0.94%

SRF Limited Textile Products 0.92%

Schaeffler India Limited Industrial Products 0.90%

Chalet Hotels Limited Hotels, Resorts and other Recreational Activities 0.82%

Indiamart Intermesh Limited Retailing 0.55%



GRAND TOTAL 100.00%

Chemicals 20.13



Consumer Goods 7.80


Construction 6.17

IT 6.04

Energy 3.85

Textiles 3.16

Automobile 2.72

Pharma 1.80

Services 0.82



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Small Cap Fund - Regular Plan - Growth 23.68% 12,368 11.05% 13,705 12.48% 18,008 21.41% 31,550 29-Nov-13Nifty Small Cap 100 TRI (Benchmark) -4.29% 9,571 -2.84% 9,171 3.25% 11,735 11.64% 19,193Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 13.11% 20,743Axis Small Cap Fund - Direct Plan - Growth 25.08% 12,508 12.30% 14,176 13.73% 19,034 22.77% 33,710 29-Nov-13Nifty Small Cap 100 TRI (Benchmark) -4.29% 9,571 -2.84% 9,171 3.25% 11,735 11.64% 19,193Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 13.11% 20,743Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th Oct 2016 and he manages 7 schemes of Axis Mutual Fund. Please refer to annexure on Page 46-47 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

ENTRY & EXIT LOAD


Standard Deviation

- 13.71%

Beta - 0.53


*Axis Small Cap Fund was launched as a 5 Year Close Ended Equity Scheme (with automatic conversion into an open ended equity scheme on completion of 5 years). The Scheme was converted into an open ended equity scheme w.e.f November 29, 2018.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Regular Dividend

Oct 16, 2017 2.00 2.00 23.78 21.78 2.00 2.00 24.88 22.88Oct 08, 2015 2.00 2.00 19.65 17.65 2.00 2.00 20.07 18.07


DIVIDENDS

PORTFOLIOTURNOVER* (1 YEAR)

0.51times

Mr. Anupam Tiwari Work experience: 14 years.

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


**Risk-free rate assumed to be 5.25% (MIBOR as on 31-10-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st October 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered.

FIXEDINCOME

N O V E M B E R 2 0 1 9

6.50%

5.15%Repo : Last 1 year

3.31%

CPI Inflation : Last 1 year

3.99%

10 yr G-Sec : Last 1 year

6.45%

7.82%

• State Elections – Testing Times: The ruling majority BJP, retained key states, Maharashtra & Haryana albeit with weaker consensus. The coalition of BJP + allies staked claim in Maharashtra & Haryana as the first state elections post the general elections saw opposition parties show credible strength.

• Global Economy – Time for Resuscitation: Government’s across the world have been using a combination of monetary and fiscal tools to resuscitate growth. This has also led to a selloff in long bonds of many developed economies. The US Fed cut rates by 25bps and also explored an option to sell 50 year bonds highlighting the need to prop growth. Hopes of a US China trade deal and clarity on Brexit should drive markets over the next few months.

• Rate Cuts & Dovish Minutes: The RBI continued to maintain an accommodative stance, on expected lines in its latest bi-monthly MPC meet. Policy repo rate were cut by 25 bps – the 6th consecutive rate cut by the RBI. Since the start of 2019, the RBI has now cut rates by 135bps. The MPC also noted that the accommodative stance ‘will continue as long as it is necessary to revive growth’.

Key Market Events

• Crude, Inflation & Growth: Retail Inflation in India continued its upward trajectory largely driven by food inflation. CPI inflation stood at 3.99% in September compared to 3.28% in August 2019, in line with RBI’s mandated target of 4%. Ex food, the number remains comfortable and should be seen as a positive impact of monetary and fiscal policies. Brent crude ended the month at US$59.6/barrel while the India crude basket followed suit and ended the month at US$61.1/barrel.

• 10 Year at 6.45%: Debt markets remained very active as the market reacted to several news points. The benchmark 10 Year ended the month at 6.45% down 4bps. Since August, despite a rate cut of 35 Bps by the RBI, debt market yields across the curve hardened by 15-50 bps. Pressures on meeting revenue targets and a ballooning fiscal deficit across the center & states are likely reasons.

10 YEAR G-SEC YIELD

6.45%

• Economy remains weak, RBI remains dovish & accommodative to stimulate growth

• Government has signaled shift to counter cyclical measures to revive growth in economy

• Given the current environment, long bonds will remain range bound.

• Short to medium term strategies especially credit strategies offer attractive risk reward opportunities

Market ViewThe RBI policy and the minutes of the MPC released this month reflect a dovish RBI. Worries on the fiscal and higher expected borrowings in H2FY 19 have kept market participants on the long end of the curve range bound. Q2 growth is widely expected to remain tepid. Our channel checks point to an improvement in consumer demand during the recent festival season. However, we will look at data during the Q3 quarter to determine a change in stance.

Another theme we like currently is ‘Credits’. The AA segment in general currently looks attractive as market uncertainty around such papers subsides. Investors who understand credit risk and are ok with some short term volatility should invest in highly diversified largely AA oriented credit funds as we see reasonable spreads between AAA & AA curves making them attractive bets from a risk reward perspective.

With RBI continuing to emphasize on transmission of rates to the broader economy, we believe money markets and the shorter end of corporate curves will remain well bid. We estimate, the RBI may cut rates further by an additional 15- 25bps by the end of the financial year. Current valuations in the short space, remain relatively attractive from a carry perspective as well given elevated spreads. 1-3 year corporate bonds continue to trade at 200+ bps above operative rates.

Since May 2019, we have seen the markets flush with liquidity on account of government spending and foreign FPI/FDI flow. While we typically see a liquidity squeeze during this quarter on account of currency leakage during the festival season and advance tax payments in December, we do not foresee a significant dip in system liquidity this time around as the RBI will likely keep the liquidity taps open. Based on these factors we reiterate our view that the long bonds will remain range bound.

Investors

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

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

Distributors





15 Source: Bloomberg, Axis MF Research.


PORTFOLIO

Instrument Type/Issuer Name RATING % Of NAV

Net Current Assets 100.00%

GRAND TOTAL 100.00%

DATE OF ALLOTMENT

15th March 2019MONTHLY AVERAGE

488.77 Cr.


1,203.70 Cr.

BENCHMARK

NIFTY 1D Rate Index

AVERAGE MATURITY*

01 dayMODIFIED DURATION*

01 dayMACULARY DURATION*

01 dayPORTFOLIO YIELD (YIELD TO MATURITY&)

4.82%

Mr. Aditya PagariaWork experience: 12 years.

He has been managing this fund since inception

FUND MANAGER

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

INVESTMENT OBJECTIVE: The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no

assurance or guarantee that the investment objective of the scheme would be achieved.

AXIS OVERNIGHT FUND(An open-ended debt scheme investing in overnight securities)

Entry Load : NAExit Load : NIL

16

^^


Options Record Date

Dividend (` Per unit)

NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individ-uals/ HUF

OthersIndividuals/

HUFOthers

Monthly Dividend

Oct 25, 2019 2.8502 2.6394 1,004.7956 1,000.8385 2.8883 2.6736 1,004.8540 1,000.8457

Sep 25, 2019 3.0660 2.8386 1,005.0942 1,000.8385 3.1030 2.8741 1,005.1547 1,000.8457

Aug 26, 2019 3.3421 3.0946 1,005.4780 1,000.8385 3.3869 3.1347 1,005.5453 1,000.8457


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.

ENTRY & EXIT LOAD


Net Current Assets 100.00% AAA, SOV & Equivalent 100.00%


PORTFOLIO

Instrument Type/Issuer Name RATING % Of NAVCOMMERCIAL PAPER 67.20%

Reliance Jio Infocomm Limited CRISIL A1+ 5.22%Reliance Retail Ltd CRISIL A1+ 4.90%Indian Oil Corporation Limited ICRA A1+ 4.89%Chennai Petroleum Corporation Limited CRISIL A1+ 4.55%Tata Steel Limited ICRA A1+ 4.14%Bharat Petroleum Corporation Limited CRISIL A1+ 3.32%Larsen & Toubro Limited CRISIL A1+ 1.90%NTPC Limited CRISIL A1+ 1.82%Tata Capital Housing Finance Limited CRISIL A1+ 1.82%National Fertilizers Limited ICRA A1+ 1.66%Indus Towers Limited CRISIL A1+ 1.66%Adani Ports and Special Economic Zone Limited ICRA A1+ 1.65%JSW Steel Limited ICRA A1+ 1.65%Aditya Birla Finance Limited ICRA A1+ 1.65%Bajaj Housing Finance Limited CRISIL A1+ 1.49%Nabha Power Limited CRISIL A1+ 1.49%Muthoot Finance Limited CRISIL A1+ 1.48%Tata Capital Financial Services Limited CRISIL A1+ 1.16%HDFC Limited CRISIL A1+/ICRA A1+ 1.16%SBI Cards & Payment Services Limited CRISIL A1+ 1.16%Tata Steel BSL Limited CARE A1+ 0.99%TVS Credit Services Limited CRISIL A1+ 0.99%Grasim Industries Limited CRISIL A1+ 0.91%Hero Fincorp Limited CRISIL A1+ 0.83%UltraTech Cement Limited IND A1+ 0.83%Vedanta Limited CRISIL A1+ 0.83%Manappuram Finance Limited CRISIL A1+ 0.83%Bajaj Finance Limited CRISIL A1+ 0.82%Godrej Properties Limited CRISIL A1+ 0.74%Redington (India) Limited CRISIL A1+ 0.66%Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.66%CESC Limited ICRA A1+ 0.66%ICICI Securities Limited CRISIL A1+ 0.66%Aditya Birla Capital Limited CRISIL A1+ 0.61%Julius Baer Capital India Pvt Ltd. CRISIL A1+ 0.58%Hinduja Leyland Finance Limited CRISIL A1+ 0.50%Bharti Hexacom Limited CRISIL A1+ 0.50%L&T Finance Holdings Limited ICRA A1+ 0.50%ICICI Home Finance Company Limited ICRA A1+ 0.50%Barclays Investments & Loans (India) Private Limited CRISIL A1+ 0.46%LIC Housing Finance Limited ICRA A1+/CRISIL A1+ 0.41%Aditya Birla Housing Finance Limited ICRA A1+ 0.33%SRF Limited CRISIL A1+ 0.33%Kotak Mahindra Investments Limited CRISIL A1+ 0.33%Nuvoco Vistas Corporation Limited CRISIL A1+ 0.33%Godrej Consumer Products Limited CRISIL A1+ 0.33%Dalmia Cement (Bharat) Limited ICRA A1+ 0.33%Bharti Telecom Limited CRISIL A1+ 0.33%Export Import Bank of India CRISIL A1+ 0.33%Varroc Engineering Limited ICRA A1+ 0.33%HT Media Limited CRISIL A1+ 0.25%Network18 Media & Investments Limited CARE A1+ 0.25%T V Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.17%Reliance Cement Company Private Limited CRISIL A1+ 0.16%Bahadur Chand Investments Pvt Limited ICRA A1+ 0.16%CERTIFICATE OF DEPOSIT 16.17%Syndicate Bank IND A1+ 4.32%Canara Bank CRISIL A1+ 3.65%IndusInd Bank Limited CRISIL A1+ 1.79%Indian Bank IND A1+ 1.66%IDFC First Bank Limited ICRA A1+ 1.40%Export Import Bank of India CRISIL A1+ 0.95%Kotak Mahindra Bank Limited CRISIL A1+ 0.83%Andhra Bank CARE A1+ 0.50%ICICI Bank Limited ICRA A1+ 0.41%Small Industries Dev Bank of India CARE A1+ 0.33%Bank of Baroda IND A1+ 0.17%NABARD CRISIL A1+ 0.17%TREASURY BILL 13.18%91 Days Tbill Sovereign 2.32%91 Days Tbill Sovereign 1.86%91 Days Tbill Sovereign 1.74%182 Days Tbill Sovereign 1.62%182 Days Tbill Sovereign 1.24%91 Days Tbill Sovereign 1.15%364 Days Tbill Sovereign 1.13%364 Days Tbill Sovereign 0.51%91 Days Tbill Sovereign 0.49%182 Days Tbill Sovereign 0.46%364 Days Tbill Sovereign 0.43%91 Days Tbill Sovereign 0.18%364 Days Tbill Sovereign 0.05%CORPORATE BOND 2.52%HDFC Limited CRISIL AAA 1.79%HDB Financial Services Limited CRISIL AAA 0.33%LIC Housing Finance Limited CARE AAA/CRISIL AAA 0.30%Mahindra & Mahindra Financial Services Limited IND AAA 0.10%BILLS REDISCOUNTING 1.32%ICICI Bank Limited ICRA A1+ 1.32%ZERO COUPON BOND 0.35%Mahindra & Mahindra Financial Services Limited IND AAA 0.35%NET CURRENT ASSETS -0.74%GRAND TOTAL 100.00%

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

32,430.09 Cr.


30,067.86 Cr.

BENCHMARK

NIFTY Liquid Index

AVERAGE MATURITY*

33 daysMODIFIED DURATION*

31 daysMACULARY DURATION*

32 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

5.29%

Mr. Devang ShahWork experience: 18 years.

He has been managing this fund since5th November 2012.


He has been managing this fund since13th August 2016.

FUND MANAGER


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

AXIS LIQUID FUND(An Open-Ended Liquid Scheme)

Entry Load : NAExit Load : (Effective date October 20, 2019)

17

^^

Regular Plan Retail Plan Direct Plan

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)

Individ-uals/ HUF

OthersIndividu-

als/ HUF

Oth-ers

Individu-als/ HUF

Others

Monthly Dividend

Oct 25, 2019 3.5345 3.2730 1,005.7811 1,000.8742 3.2627 3.0105 1,004.7945 1,000.2810 3.5643 3.3005 1,005.2290 1,000.2808 Sep 25, 2019 3.1603 2.9264 1,005.2616 1,000.8742 2.9133 2.6663 1,004.2783 1,000.2810 3.1902 2.9542 1,004.7098 1,000.2808 Aug 26, 2019 3.8612 3.5755 1,006.2347 1,000.8742 3.5278 3.2986 1,005.2264 1,000.2810 3.8948 3.6066 1,005.6879 1,000.2808 July 25, 2019 3.0783 2.8505 1,005.1478 1,000.8742 3.7555 3.4505 1,005.4540 1,000.2810 4.0401 3.7412 1,005.8897 1,000.2808


DIVIDENDS


ENTRY & EXIT LOAD


Commercial Paper 67.20% Certificate of Deposit 16.17% Treasury Bill 13.18% Corporate Bond 2.52% Bills Rediscounting 1.32% Zero Coupon Bond 0.35% Net Current Assets -0.74%

Investor exit upon Subscription Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 onwards

Exit load as a % of redemption proceeds 0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% Nil

AAA, SOV & Equivalent 100.00%


Period Date Of Inception09-Oct-09 31-Dec-12 01-Mar-10

Axis Liquid Fund - Growth

NIFTY Liquid Index (Benchmark)

NIFTY 1 Year T-Bill

Index (AdditionalBenchmark)

Axis Liquid Fund -

Direct Plan - Growth


NIFTY 1 Year T-Bill

Index (Additional Benchmark)

Axis Liquid Fund - Retail

Growth


NIFTY 1 Year T-Bill

Index (Additional Benchmark)

7 Days Annualized (%) 5.72% 5.75% 5.94% 5.78% 5.75% 5.94% 5.21% 5.75% 5.94%Current Value of Investment of ` 10,000/- 10,011 10,011 10,011 10,011 10,011 10,011 10,010 10,011 10,011

15 Days Annualized (%) 5.49% 5.82% 8.26% 5.55% 5.82% 8.26% 4.98% 5.82% 8.26%Current Value of Investment of ` 10,000/- 10,022 10,023 10,033 10,022 10,023 10,033 10,020 10,023 10,033

1 Month Annualized (%) 5.91% 5.87% 8.55% 5.96% 5.87% 8.55% 5.39% 5.87% 8.55%Current Value of Investment of ` 10,000/- 10,049 10,049 10,070 10,049 10,049 10,070 10,045 10,049 10,070

1 Year CAGR (%) 7.05% 6.89% 8.03% 7.11% 6.89% 8.03% 6.52% 6.89% 8.03%Current Value of Investment of ` 10,000/- 10,705 10,689 10,803 10,711 10,689 10,803 10,652 10,689 10,803

3 Years CAGR (%) 7.02% 6.84% 7.09% 7.08% 6.84% 7.09% 6.44% 6.84% 7.09%Current Value of Investment of ` 10,000/- 12,257 12,195 12,282 12,279 12,195 12,282 12,059 12,195 12,282

5 Years CAGR (%) 7.47% 7.28% 7.48% 7.54% 7.28% 7.48% 6.90% 7.28% 7.48%Current Value of Investment of ` 10,000/- 14,340 14,212 14,349 14,386 14,212 14,349 13,964 14,212 14,349

Since InceptionCAGR (%) 7.87% 7.80% 6.94% 8.00% 7.80% 7.57% 7.53% 7.98% 7.07%Current Value of Investment of ` 10,000/- 21,442 21,304 19,643 16,918 16,708 16,466 20,188 21,019 19,360

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ̀ 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 8 schemes. Please refer to annexure on Page 46 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.


PORTFOLIO

MONTHLY AVERAGE

2,869.75 Cr.


2,991.04 Cr.

BENCHMARK

CRISIL Ultra Short Term Debt Index

AXIS ULTRA SHORT TERM FUND

18

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

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

Mr. Aditya Pagaria Work experience: 12 years.


FUND MANAGER

DATE OF ALLOTMENT

10th September 2018

Entry Load :NAExit Load : Nil



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 25, 2019 0.0407 0.0377 10.1121 10.0555 0.0478 0.0443 10.1145 10.0481

Monthly DividendSep 25, 2019 0.0342 0.0316 10.0864 10.0389 0.0481 0.0445 10.1007 10.0339

Aug 26, 2019 0.0482 0.0447 10.1078 10.0408 0.0556 0.0515 10.1247 10.0474 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

AVERAGE MATURITY*

157 daysMODIFIED DURATION*

145 days

PORTFOLIO YIELD (YIELD TO MATURITY&)

6.52%


Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 48.24%Power Finance Corporation Limited CRISIL AAA 5.68%NABARD CRISIL AAA 4.22%National Housing Bank IND AAA 3.37%HDFC Corporation Limited CRISIL AAA 2.88%Reliance Jio Infocomm Limited CRISIL AAA 2.69%Tata Motors Finance Limited CARE AA- 2.62%Nirma Limited CRISIL AA 1.84%Grasim Industries Limited ICRA AAA 1.68%Coastal Gujarat Power Limited CARE AA(CE) 1.51%Bahadur Chand Investments Pvt Limited ICRA AA 1.51%Adani Transmission Limited IND AA+ 1.51%Dalmia Cement (Bharat) Limited ICRA AA 1.50%Essel Mining And Industries Ltd CRISIL AA- 1.34%Muthoot Finance Limited CRISIL AA 1.30%REC Limited CRISIL AAA 1.20%IDFC First Bank Limited ICRA AA 1.17%Hero Fincorp Limited CRISIL AA+/ICRA AA+ 1.17%LIC Housing Finance Limited CRISIL AAA 1.01%Reliance Industries Limited CRISIL AAA 1.01%Oriental Nagpur Betul Highway Limited CRISIL AAA 0.90%Larsen & Toubro Limited CRISIL AAA 0.84%JK Lakshmi Cement Limited CARE AA- 0.84%Talwandi Sabo Power Limited IND AA(CE) 0.84%Hansdeep Industries & Trading Company

LimitedCARE AA-(CE) 0.70%

Northern ARC Capital Limited ICRA A+ 0.67%Tata Sons Private Ltd CRISIL AAA 0.67%Jamnagar Utilities & Power Private Limited CRISIL AAA 0.67%Bank of Baroda CARE AA 0.60%Bharti Airtel Limited CRISIL AA 0.58%PVR Limited CRISIL AA- 0.50%Shriram Transport Finance Company Limited IND AA+ 0.33%IndoStar Capital Finance Limited CARE AA- 0.23%Power Grid Corporation of India Limited CRISIL AAA 0.17%ESS Kay Fincorp Limited CRISIL A 0.17%Asirvad Microfinance Ltd CRISIL AA- 0.17%Birla Corporation Limited ICRA AA 0.16%CERTIFICATE OF DEPOSIT 16.36%NABARD IND A1+/CRISIL A1+ 4.82%Small Industries Dev Bank of India CARE A1+ 4.08%IDFC First Bank Limited ICRA A1+ 2.47%IndusInd Bank Limited CRISIL A1+ 1.88%Bank of Baroda IND A1+ 1.63%ICICI Bank Limited ICRA A1+ 1.49%COMMERCIAL PAPER 18.57%Larsen & Toubro Limited CRISIL A1+ 4.12%Emami Limited CARE A1+ 3.32%Britannia Industries Limited CRISIL A1+ 1.66%HSBC InvestDirect Financial Services (India) Limited IND A1+ 1.64%

Cholamandalam Investment and Finance Company Limited CRISIL A1+ 1.61%

HDFC Limited CRISIL A1+ 1.29%Kotak Mahindra Prime Limited CRISIL A1+ 0.83%JM Financial Products Limited ICRA A1+ 0.83%Reliance Industries Limited CRISIL A1+ 0.82%Bahadur Chand Investments Pvt Limited ICRA A1+ 0.82%Reliance Retail Ltd CRISIL A1+ 0.82%Barclays Investments & Loans (India) Private Limited CRISIL A1+ 0.82%

PASS THROUGH CERTIFICATE 5.75%Rent-A-Device Trust ICRA AAA(SO) 1.66%Rainbow Devices Trust ICRA AAA(SO) 1.30%Orelia Trust Aug 2019 ICRA A1+(SO) 1.09%Reliable Devices Trust ICRA AAA(SO) 0.85%MFL Securitisation Trust CRISIL AAA(SO) 0.85%ZERO COUPON BOND 3.23%Aditya Birla Finance Limited ICRA AAA 1.09%LIC Housing Finance Limited CRISIL AAA 0.95%TMF Holdings Limited CRISIL AA- 0.82%JSW Techno Projects Management Limited BWR A(CE) 0.37%NET CURRENT ASSETS 7.85%GRAND TOTAL 100.00%

ENTRY & EXIT LOAD

MACULARY DURATION*

153 days


AAA, SOV & Equivalent 77.55% AA 11.01% AA- 7.21% AA+ 3.01% A+ 0.67% A 0.54%

Corporate Bond 48.24% Commercial Paper 18.57% Certificate of Deposit 16.36% Pass Through Certificate 5.75% Zero Coupon Bond 3.23% Net Current Assets 7.85%



CAGR (%)


CAGR (%)


Date of inception

Axis Ultra Short Term Fund - Growth 8.20% 10,820 8.08% 10,92610-Sep-18CRISIL Ultra Short Term Fund Index (Benchmark) 8.43% 10,843 8.37% 10,959

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 8.17% 10,937Axis Ultra Short Term Fund - Direct Plan - Growth 9.15% 10,915 9.03% 11,036

10-Sep-18CRISIL Ultra Short Term Fund Index (Benchmark) 8.43% 10,843 8.37% 10,959NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 8.17% 10,937Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since inception and he manages 8 schemes. Please refer to annexure on Page 46 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.


PORTFOLIO

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

3,072.49 Cr.


3,560.48 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index

AVERAGE MATURITY*

332 daysMODIFIED DURATION

*



6.08%


He has been managing this fund since07th June 2016.



FUND MANAGER


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

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

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

19



Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Indi-viduals/ HUF

OthersIndividu-

als/ HUF

OthersIndi-

viduals/ HUF

Others

Monthly Dividend

Oct 25, 2019 6.3360 5.8671 1,014.2475 1,005.4514 6.3476 5.8742 1,014.2549 1,005.4482 6.5154 6.0333 1,014.4982 1,005.4530 Sep 25, 2019 3.3557 3.1074 1,010.1100 1,005.4514 3.3630 3.1144 1,010.1174 1,005.4482 3.5340 3.2725 1,010.3593 1,005.4530 Aug 26, 2019 6.8621 6.3544 1,014.9779 1,005.4514 6.8692 6.3620 1,014.9861 1,005.4482 7.0538 6.5318 1,015.2455 1,005.4530


DIVIDENDS



CORPORATE BOND 50.29%

Power Finance Corporation Limited CRISIL AAA 8.29%

LIC Housing Finance Limited CARE AAA/CRISIL AAA 7.24%

REC Limited CRISIL AAA 5.18%

HDFC Limited CRISIL AAA 4.99%

NABARD CRISIL AAA 4.24%

National Housing Bank IND AAA 2.97%

Reliance Industries Limited CRISIL AAA 2.13%

Hindustan Petroleum Corporation Limited CRISIL AAA 2.12%

Larsen & Toubro Limited CRISIL AAA 2.12%

L&T Finance Limited CARE AAA/ICRA AAA 2.04%

Reliance Jio Infocomm Limited CRISIL AAA 1.70%

Mahindra & Mahindra Financial Services Limited IND AAA 1.69%

Nabha Power Limited ICRA AAA(CE) 1.42%

Small Industries Dev Bank of India CARE AAA 1.02%

Daimler Financial Services India Pvt Limited CRISIL AAA 0.98%

Kotak Mahindra Investments Limited CRISIL AAA 0.71%

ICICI Home Finance Company Limited ICRA AAA 0.70%

Indian Railway Finance Corporation Limited CRISIL AAA 0.43%

Power Grid Corporation of India Limited CRISIL AAA 0.15%

Export Import Bank of India CRISIL AAA 0.14%

CERTIFICATE OF DEPOSIT 23.65%

Small Industries Dev Bank of India CARE A1+ 7.54%

Bank of Baroda IND A1+ 5.66%

NABARD IND A1+/CRISIL A1+ 3.39%

Andhra Bank CARE A1+ 2.76%

IndusInd Bank Limited CRISIL A1+ 2.09%

Bank of India CRISIL A1+ 1.12%

ICICI Bank Limited ICRA A1+ 1.10%

COMMERCIAL PAPER 22.09%

Reliance Industries Limited CRISIL A1+ 4.83%

Larsen & Toubro Limited CRISIL A1+ 3.04%

Emami Limited CARE A1+ 2.80%

HDFC Limited ICRA A1+/CRISIL A1+ 2.71%

SBI Cards & Payment Services Limited CRISIL A1+ 2.07%

Cholamandalam Investment and Finance Company Limited CRISIL A1+ 1.35%

Kotak Mahindra Prime Limited CRISIL A1+ 1.34%

HDFC Credila Financial Services Pvt Limited CRISIL A1+ 0.69%

Reliance Retail Ltd CRISIL A1+ 0.69%

LIC Housing Finance Limited CRISIL A1+ 0.68%

Kotak Mahindra Investments Limited CRISIL A1+ 0.67%

Tata Capital Housing Finance Limited CRISIL A1+ 0.67%

NABARD ICRA A1+ 0.55%

ZERO COUPON BOND 0.32%

LIC Housing Finance Limited CRISIL AAA 0.32%

NET CURRENT ASSETS 3.66%

GRAND TOTAL 100.00%


ENTRY & EXIT LOAD


Corporate Bond 50.29% Certificate of Deposit 23.65% Commercial Paper 22.09% Zero Coupon Bond 0.32% Net Current Assets 3.66%


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 9.50% 10,950 7.61% 12,469 7.95% 14,665 8.14% 21,98809-Oct-09NIFTY Low Duration Debt Index (Benchmark) 8.91% 10,891 7.52% 12,439 7.94% 14,658 8.28% 22,273

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 6.94% 19,643Axis Treasury Advantage Fund - Direct Plan - Growth 9.86% 10,986 8.13% 12,650 8.43% 14,993 8.73% 17,716

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 8.91% 10,891 7.52% 12,439 7.94% 14,658 8.25% 17,193NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 16,460Axis Treasury Advantage Fund - Retail - Growth 9.50% 10,950 7.35% 12,379 7.52% 14,375 7.75% 20,576

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 8.91% 10,891 7.52% 12,439 7.94% 14,658 8.39% 21,786NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.07% 19,356Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 26 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 8 schemes. Please refer to annexure on 46 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).The performance given above is for Other than Direct Plan unless specified.


Instrument Type/Issuer Name Rating % OF NAV


Larsen & Toubro Limited CRISIL A1+ 9.94%

HDFC Limited CRISIL A1+ 7.23%

REC Limited CRISIL A1+ 6.21%

Power Finance Corporation Limited CRISIL A1+ 6.21%

Reliance Retail Ltd CRISIL A1+ 6.19%

Barclays Investments & Loans (India) Private Limited CRISIL A1+ 6.19%

Kotak Mahindra Investments Limited CRISIL A1+ 6.04%

Tata Capital Housing Finance Limited CRISIL A1+ 6.02%

HDFC Credila Financial Services Pvt Limited CRISIL A1+ 4.97%





Export Import Bank of India CRISIL A1+ 6.19%

Small Industries Dev Bank of India CARE A1+ 6.18%

NABARD IND A1+ 4.17%


GRAND TOTAL 100.00%

INVESTMENT OBJECTIVE: To generate regular income through investment in a portfolio comprising of money market instruments.However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS MONEY MARKET FUND(An open ended debt scheme investing in money market instruments)


20

PORTFOLIO

DATE OF ALLOTMENT

6thAugust 2019

MONTHLY AVERAGE

414.68 Cr.


395.44 Cr.

BENCHMARK

NIFTY Money Market Index

Entry Load : NAExit Load : NIL

ENTRY & EXIT LOAD

Mr.Devang ShahWork experience: 18 years. He

has been managing this fund since inception.



FUND MANAGER

AVERAGE MATURITY*

163 daysMODIFIED DURATION

*



5.76%



Commercial Paper 61.47%

Certificate of Deposit 35.80%




Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individ-uals/ HUF

OthersIndividuals/

HUFOthers

Quaterly Dividend

Sep 25, 2019 4.6820 4.3356 1,011.5217 1,005.0216 4.6820 4.3356 1,011.7356 1,005.2409

Monthly Dividend

Oct 25, 2019 4.9244 4.5600 1,008.8278 1,001.9913 4.7550 4.4066 1,008.5973 1,001.9908

Sep 25, 2019 3.9417 3.6500 1,006.8653 1,001.3931 4.0197 3.7248 1,006.6269 1,001.0427


DIVIDENDS


PORTFOLIO

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

178.95 Cr.


177.66 Cr.

BENCHMARK

NIFTY Corporate Bond Index

AVERAGE MATURITY*

2.5 yearsMODIFIED DURATION*

2.0 yearsMACULARY DURATION*

2.1 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

6.58%

COMPOSITION BY ASSETS (%)

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

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

21


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

FUND MANAGER

COMPOSITION BY RATING (%)


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly Dividend

Oct 25, 2019 - - - - 0.0038 0.0035 10.1440 10.1386 May 27, 2019 0.0904 0.0837 10.1756 10.0500 0.0954 0.0883 10.1825 10.0500 Apr 25, 2019 0.0223 0.0206 10.0810 10.0500 0.0270 0.0250 10.0875 10.0500

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

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Corporate Debt Fund - Regular Plan - Growth 7.29% 10,729 NA NA NA NA 6.94% 11,67013-Jul-17NIFTY Corporate Bond Index (Benchmark) 11.49% 11,149 NA NA NA NA 7.33% 11,769

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 7.21% 11,737Axis Corporate Debt Fund - Direct Plan 8.11% 10,811 NA NA NA NA 7.83% 11,895

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 11.49% 11,149 NA NA NA NA 7.33% 11,769NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 7.21% 11,737Past 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 26 schemes. Please refer to annexure on Page 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

* 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





Small Industries Dev Bank of India ICRA AAA 10.46%



LIC Housing Finance LimitedCRISIL AAA/CARE

AAA9.17%

State Bank of India CRISIL AAA 7.21%


HDFC Bank Limited CRISIL AAA 2.96%

PASS THROUGH CERTIFICATE 0.39%

MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)

CRISIL AAA(SO) 0.39%


GRAND TOTAL 100.00%

Entry Load : NAExit Load* : Nil *w.e.f. August 30, 2019

ENTRY & EXIT LOAD


Corporate Bond 77.93%

Pass Through Certificate 0.39%



Details of security in default beyond its maturity date are as follows; (In Rs. crs)

Name of Security ISIN Value of the se-curity including interest amount

(considered under net cur-

rent assets)

% to Net Asset as on October

31, 2019

Total amount (Prin-cipal and Interest) due on maturity

9.05% Dewan Hous-ing Finance Corpo-ration Limited NCD Ser I (09/09/2019)

INE202B07IJ3 3.90 2.20% 15.96



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendOct 25, 2019 9.5122 8.8083 1,034.2227 1,021.0172 9.6956 8.9782 1,034.4831 1,021.0229 Sep 25, 2019 1.0733 0.9939 1,022.5074 1,021.0172 1.2555 1.1625 1,022.7660 1,021.0229 Aug 26, 2019 6.4662 5.9878 1,029.9941 1,021.0172 6.6642 6.1711 1,030.2746 1,021.0229


PORTFOLIO

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

9,350.72 Cr.


9,832.39 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index

AVERAGE MATURITY*




6.55%



FUND MANAGER


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

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

22

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Banking & PSU Debt Fund - Growth 12.64% 11,264 8.61% 12,821 8.56% 15,079 8.73% 18,58108-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 10.93% 11,093 7.05% 12,275 8.01% 14,705 8.46% 18,244

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.56% 17,149Axis Banking & PSU Debt Fund - Direct Plan - Growth 12.95% 11,295 8.87% 12,914 8.79% 15,242 8.89% 17,900

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 10.93% 11,093 7.05% 12,275 8.01% 14,705 8.27% 17,214NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 16,460Past 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 8 schemes at Axis Mutual Fund. Please refer to annexure on Page 46 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

Instrument Type/Issuer Name RATING% Of NAV



Small Industries Dev Bank of India ICRA AAA/CARE AAA 10.49%

REC Limited CRISIL AAA/CARE AAA 7.68%


Food Corporation of India (Guaran-tee from Government of India) CRISIL AAA(CE) 7.06%

National Highways Auth of Ind CRISIL AAA 6.94%


LIC Housing Finance Limited CARE AAA/CRISIL AAA 4.52%

NTPC Limited CRISIL AAA 4.33%


State Bank of India CRISIL AAA 3.51%

Export Import Bank of India CRISIL AAA 3.24%



Indian Railway Finance Corporation Limited CRISIL AAA 1.21%

Bank of Baroda IND AAA 1.11%

NHPC Limited IND AAA/ICRA AAA 1.09%


Tata Sons Private Ltd CRISIL AAA 0.71%

Bharat Petroleum Corporation Limited CRISIL AAA 0.26%

Air India Assets Holding Limited ICRA AAA 0.26%

Jamnagar Utilities & Power Private Limited CRISIL AAA 0.20%

ICICI Bank Limited ICRA AAA 0.10%

Grasim Industries Limited CRISIL AAA 0.06%



NTPC Limited CARE A1+ 1.76%







STATE GOVERNMENT BOND 1.19%

8.21% Haryana Uday Bond(MD 31/03/2023) Sovereign 0.53%

8.39% Rajasthan Uday Bond(MD 15/03/2023) Sovereign 0.48%




GRAND TOTAL 100.00%



Corporate Bond 86.32% Commercial Paper 4.79% Certificate of Deposit 2.21% Zero Coupon Bond 1.38% State Government Bond 1.19% Net Current Assets 4.10%


PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

2,834.05 Cr.


3,073.11 Cr.

BENCHMARKNIFTY Short

Duration Debt Index

AVERAGE MATURITY*

2.2 yearsMODIFIED DURATION

*



6.64%



FUND MANAGER


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

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

23


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

Oct 25, 2019 0.0457 0.0424 10.3120 10.2484 0.0554 0.0513 10.1608 10.0838 0.0591 0.0547 10.1673 10.0852Monthly Dividend

Sep 25, 2019 0.0442 0.0409 10.2593 10.1978 0.0540 0.0500 10.1234 10.0484 0.0577 0.0535 10.1299 10.0497Aug 26, 2019 0.0131 0.0122 10.2585 10.2402 0.0528 0.0489 10.1779 10.1045 0.0567 0.0525 10.1847 10.1059


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 10.69% 11,069 7.50% 12,429 8.09% 14,755 8.11% 21,43622-Jan-10NIFTY Short Duration Debt Index (Benchmark) 10.52% 11,052 7.57% 12,455 8.15% 14,801 8.17% 21,554

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.01% 19,388Axis Short Term Fund - Direct Plan - Growth 11.37% 11,137 8.22% 12,682 8.86% 15,291 9.00% 18,022

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 10.52% 11,052 7.57% 12,455 8.15% 14,801 8.42% 17,378NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 16,460Axis Short Term Fund - Retail - Growth 10.69% 11,069 7.50% 12,429 8.09% 14,757 8.08% 21,194

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 10.52% 11,052 7.57% 12,455 8.15% 14,801 8.22% 21,460NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.07% 19,359Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes of Axis Mutual Fund. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.



ENTRY & EXIT LOAD


Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 71.04%NABARD CRISIL AAA 8.99%LIC Housing Finance Limited CRISIL AAA/CARE AAA 8.54%Power Finance Corporation Limited CRISIL AAA 7.98%REC Limited CRISIL AAA 7.74%HDFC Limited CRISIL AAA 6.91%Hindustan Petroleum Corporation Limited CRISIL AAA 4.10%Small Industries Dev Bank of India CARE AAA 3.36%India Grid Trust InvIT Fund CRISIL AAA 3.31%Nabha Power Limited ICRA AAA(CE) 2.96%Tata Sons Private Ltd CRISIL AAA 2.78%Larsen & Toubro Limited CRISIL AAA 2.32%Reliance Industries Limited CRISIL AAA 1.80%Jamnagar Utilities & Power Private Limited CRISIL AAA 1.76%L&T Housing Finance CARE AAA 1.62%Daimler Financial Services India Pvt Limited CRISIL AAA 1.47%State Bank of India CRISIL AAA 0.87%UltraTech Cement Limited CRISIL AAA 0.82%Air India Assets Holding Limited ICRA AAA 0.82%Sikka Ports and Terminals Limited CRISIL AAA 0.64%Reliance Jio Infocomm Limited CRISIL AAA 0.56%Aditya Birla Finance Limited ICRA AAA 0.49%HDB Financial Services Limited CRISIL AAA 0.48%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.23%Bajaj Finance Limited CARE AAA 0.20%HDFC Bank Limited CRISIL AAA 0.17%NHPC Limited ICRA AAA 0.10%Export Import Bank of India CRISIL AAA 0.02%CERTIFICATE OF DEPOSIT 5.52%Small Industries Dev Bank of India CARE A1+ 3.93%Bank of Baroda IND A1+ 0.81%ICICI Bank Limited ICRA A1+ 0.78%GOVERNMENT BOND 5.35%6.45% GOI (MD 07/10/2029) Sovereign 1.14%7.27% GOI (MD 08/04/2026) Sovereign 0.85%8.12% GOI (MD 10/12/2020) Sovereign 0.67%7.57% GOI (MD 17/06/2033) Sovereign 0.51%6.79% GOI (MD 15/05/2027) Sovereign 0.45%8.13% GOI (MD 22/06/2045) Sovereign 0.36%7.59% GOI(MD 11/01/2026) Sovereign 0.33%7.32% GOI (MD 28/01/2024) Sovereign 0.19%9.20% GOI (MD 30/09/2030) Sovereign 0.19%6.65% GOI (MD 09/04/2020) Sovereign 0.16%7.73% GOI (MD 19/12/2034) Sovereign 0.14%8.83% GOI (MD 25/11/2023) Sovereign 0.11%7.68% GOI (MD 15/12/2023) Sovereign 0.07%8.15% GOI (MD 24/11/2026) Sovereign 0.07%8.35% GOI (MD 14/05/2022) Sovereign 0.05%7.17% GOI (MD 08/01/2028) Sovereign 0.02%6.79% GOI (MD 26/12/2029) Sovereign 0.02%7.37% GOI (MD 16/04/2023) Sovereign #0.00%7.59% GOI (MD 20/03/2029) Sovereign #0.00%7.88% GOI (MD 19/03/2030) Sovereign #0.00%PASS THROUGH CERTIFICATE 4.04%Rent-A-Device Trust (Backed by Rental recipts from Reliance Retail Limited) ICRA AAA(SO) 2.51%

Rainbow Devices Trust (Backed by Rental recipts from Reliance Retail Limited) ICRA AAA(SO) 1.53%

ZERO COUPON BOND 0.44%Mahindra & Mahindra Financial Services Limited IND AAA 0.44%STATE GOVERNMENT BOND 0.21%8.66% Tamilnadu SDL (MD 25/01/2022) Sovereign 0.11%6.92% Maharastra SDL(MD 11/01/2022) Sovereign 0.07%8.27% Rajasthan Uday Bond (MD 23/06/2023) Sovereign 0.02%

8.61% Uttar Pradesh Uday Bond (MD 21/03/2022) Sovereign 0.01%

NET CURRENT ASSETS 13.41%GRAND TOTAL 100.00%

Corporate Bond 71.04% Certificate of Deposit 5.52% Government Bond 5.35% Pass Through Certificate 4.04% Zero Coupon Bond 0.44% State Government Bond 0.21% Net Current Assets 13.41%


# Values are less than 0.005%




rent assets)


31, 2019

Total amount (Principal and Interest) due on maturity

9.1% Dewan Hous-ing Finance Corpo-ration Limited NCD Ser IV (16/08/2019)

INE202B-07HQ0

0.02 $0.00 0.02

$ Less Than 0.01% of Net Asset Value



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 25, 2019 - - - - 0.0251 0.0232 10.0601 10.0252Monthly Dividend

May 27, 2019 0.0533 0.0494 10.1673 10.0932 0.0615 0.0569 10.1233 10.0378 Apr 25, 2019 0.0298 0.0276 10.1264 10.0850 0.0375 0.0347 10.0816 10.0295

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


1,344.70 Cr.


1,337.16 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index

AVERAGE MATURITY*


*



9.17%



FUND MANAGER


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

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

24

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Credit Risk Fund - Regular Plan - Growth 5.05% 10,505 5.65% 11,797 7.18% 14,145 7.50% 14,67015-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 10.77% 11,077 8.02% 12,612 8.92% 15,333 9.20% 15,942

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.59% 14,738Axis Credit Risk Fund - Direct Plan - Growth 6.33% 10,633 7.02% 12,263 8.47% 15,019 8.76% 15,601

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 10.77% 11,077 8.02% 12,612 8.92% 15,333 9.20% 15,942NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.59% 14,738Past 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 26 schemes. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.



CORPORATE BOND 75.25%Zydus Wellness Limited CRISIL AA+ 4.59%Tata Power Company Limited IND AA/CRISIL AA- 4.23%PVR Limited CRISIL AA- 4.08%Nuvoco Vistas Corporation Limited CRISIL AA 4.06%IndoStar Capital Finance Limited CARE AA- 3.95%Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 3.42%

REC Limited CRISIL AAA 3.38%Talwandi Sabo Power Limited (Unconditional and irrevocable guarantee from Vedanta Ltd)

CRISIL AA(CE) 3.37%

Birla Corporation Limited ICRA AA 3.26%Hinduja Leyland Finance Limited CARE AA- 3.14%Dalmia Cement (Bharat) Limited ICRA AA 3.00%Bhopal Dhule Transmission Company Limited CRISIL AAA 2.79%Narmada Wind Energy Private Limited (NCDs backed by diversified cashflows of operating renew-able energy projects and guarantee from parent Renew Power Limited)

CARE A+(CE) 2.77%

Essel Mining And Industries Ltd CRISIL AA- 2.62%JK Lakshmi Cement Limited CARE AA- 2.62%Oriental Nagpur Betul Highway Limited (Backed by NHAI Annuity payments)

CRISIL AAA 2.21%

India Grid Trust InvIT Fund CRISIL AAA 1.90%Jubilant Life Sciences Limited CRISIL AA 1.89%Bahadur Chand Investments Pvt Limited ICRA AA 1.88%Bank of Baroda CARE AA 1.87%ESS Kay Fincorp Limited (Credit enhanced structure backed by specific cashflows and guarantee from Northern ARC Capital Limited)

IND A+(CE)/CRISIL A 1.71%

Union Bank of India BWR AA 1.27%State Bank of India CRISIL AA+ 1.13%Syndicate Bank IND A+ 1.13%Punjab National Bank IND A 1.10%ECL Finance Limited ICRA AA- 1.07%IKF Finance Limited CARE A 1.05%Asirvad Microfinance Ltd CRISIL AA- 0.86%Bharti Airtel Limited CRISIL AA 0.75%National Highways Auth of Ind CRISIL AAA 0.75%Indiabulls Housing Finance Limited BWR AA+ 0.71%Hansdeep Industries & Trading Company Limited (Unconditional and irrevocable guarantee from JK Lakshmi Cement Limited)

CARE AA-(CE) 0.60%

Small Industries Dev Bank of India CARE AAA 0.60%Muthoot Finance Limited CRISIL AA 0.55%Nirma Limited CRISIL AA 0.52%NABARD CRISIL AAA 0.31%Vedanta Limited CRISIL AA 0.07%Power Grid Corporation of India Limited CRISIL AAA 0.02%Food Corporation of India (Guarantee from Govern-ment of India)

CRISIL AAA(CE) 0.01%

PASS THROUGH CERTIFICATE 11.21%MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)


Orelia Trust Aug 2019 (PTCs backed by pool of gold backed loans originated by IIFL Finance Limited)

ICRA A1+(SO) 2.44%

Rent-A-Device Trust (Backed by Rental recipts from Reliance Retail Limited)

ICRA AAA(SO) 1.77%

Sansar Trust (PTCs backed by pool of commercial vehiclesloans orginated by Shriram Transport Finance Ltd)

ICRA AAA(SO) 1.56%

Reliable Devices Trust (PTCs backed by Rental receipts from Reliance Retail Limited)

ICRA AAA(SO) 1.14%

Zenith Trust (PTCs backed by cashflows from multiple NBFCs with diversified asset class and gegrophical presence)

ICRA A+(SO) 0.72%

Solstice Trust (PTCs backed by cashflows from multiple NBFCs with diversified asset class and gegrophical presence)

ICRA AA+(SO) 0.01%

ZERO COUPON BOND 6.02%JSW Techno Projects Management Limited (Secured by pledge of shares of JSW Steel Limited and JSW Energy Limited)

BWR A(CE) 3.35%

IIFL Home Finance Limited CRISIL AA 2.66%STATE GOVERNMENT BOND 0.66%8.06% Karnataka SDL (MD 27/03/2029) Sovereign 0.40%8.27% Rajasthan UdayBond (MD 23/06/2022) Sovereign 0.27%GOVERNMENT BOND 0.32%6.79% GOI (MD 15/05/2027) Sovereign 0.15%8.83% GOI (MD 25/11/2023) Sovereign 0.12%7.59% GOI (MD 20/03/2029) Sovereign 0.04%7.59% GOI(MD 11/01/2026) Sovereign #0.00%NET CURRENT ASSETS 6.54%GRAND TOTAL 100.00%

ENTRY & EXIT LOAD

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


Corporate Bond 75.25% Pass Through Certificate 11.21% Zero Coupon Bond 6.02% State Government Bond 0.66% Government Bond 0.32% Net Current Assets 6.54%

AA 31.88% AAA, SOV & Equivalent 29.97% AA- 19.88% A 7.01% AA+ 6.44% A+ 4.83%

# Values are less than 0.005%




rent assets)


31, 2019

Total amount (Principal and

Interest) due on maturity


INE202B07IJ3 15.99 1.20% 65.42


INE202B07IK1 4.74 0.35% 19.38


PORTFOLIO

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

139.56 Cr.


144.59 Cr.

BENCHMARK

NIFTY Composite Debt Index

AVERAGE MATURITY*




7.25%

Mr. R. SivakumarWork experience: 21 years.

He has been managing this fund since inception



FUND MANAGER


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

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

25


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Sep 25, 2019 0.3601 0.3335 11.0694 10.5694 0.3601 0.3335 12.0311 11.5310Mar 25, 2019 0.3601 0.3335 10.9271 10.4271 0.3601 0.3335 11.7785 11.2785Sep 25, 2018 0.1800 0.1667 10.5609 10.3109 0.1800 0.1667 11.3205 11.0705Sep 25, 2019 0.1440 0.1334 10.7242 10.5242 0.1800 0.1667 10.9845 10.7345

Quarterly DividendSep 25, 2017 0.3611 0.3345 11.1287 10.6287 0.3611 0.3345 11.7742 11.2742Jun 25, 2019 0.1440 0.1334 10.6326 10.4326 0.1800 0.1667 10.9155 10.6655 Mar 25, 2019 0.1440 0.1334 10.4954 10.2954 0.1800 0.1667 10.7988 10.5488

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 12.48% 11,248 7.12% 12,299 8.51% 15,044 8.60% 20,20027-Apr-11NIFTY Composite Debt Index (Benchmark) 13.68% 11,368 7.18% 12,319 8.62% 15,126 8.59% 20,175

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.48% 18,488Axis Dynamic Bond Fund - Direct Plan - Growth 13.35% 11,335 8.03% 12,614 9.56% 15,789 9.53% 18,624

01-Jan-13NIFTY Composite Debt Index (Benchmark) 13.68% 11,368 7.18% 12,319 8.62% 15,126 8.43% 17,384NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.34% 16,221Past 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 26 schemes. Please refer to annexure on Page 45 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.



Punjab National Bank IND A 7.48%





Syndicate Bank IND A+ 5.55%

Tata Power Company Limited CRISIL AA- 2.88%

India Infrastructure Fin Co Ltd CRISIL AAA 1.86%

ESS Kay Fincorp Limited (Credit en-hanced structure backed by specific cashflows and guarantee from Northern ARC Capital Limited)

IND A+(CE) 0.26%

GOVERNMENT BOND 37.12%

7.27% GOI (MD 08/04/2026) Sovereign 15.86%

6.45% GOI (MD 07/10/2029) Sovereign 13.83%

7.26% GOI (MD 14/01/2029) Sovereign 7.20%

8.60% GOI (MD 02/06/2028) Sovereign 0.23%

PASS THROUGH CERTIFICATE 0.41%

Zenith Trust (PTCs backed by cashflows from multiple NBFCs with diversified as-set class and gegrophical presence)

ICRA A+(SO) 0.40%

Solstice Trust (PTCs backed by cashflows from multiple NBFCs with diversified as-set class and gegrophical presence)

ICRA AA+(SO) #0.00%


GRAND TOTAL 100.00%


ENTRY & EXIT LOAD



Corporate Bond 44.97% Government Bond 37.12% Pass Through Certificate 0.41% Net Current Assets 17.51%

AAA, SOV & Equivalent 83.43% A 7.48% A+ 6.21% AA- 2.88% AA+ 0.005%

# VALUES ARE LESS THAN 0.005%



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend Sep 25, 2019 0.2160 0.2001 10.6572 10.3572 0.2160 0.2001 11.0899 10.7899Mar 25, 2019 0.3601 0.3335 10.9357 10.4357 0.3601 0.3335 11.3227 10.8227Sep 25, 2018 0.3601 0.3335 10.8759 10.3759 0.3601 0.3335 11.2089 10.7089Mar 26, 2018 0.3611 0.3345 11.1951 10.6951 0.3611 0.3345 11.4850 10.9850

Quarterly Dividend Sep 25, 2019 0.0360 0.0333 10.3682 10.3182 0.1800 0.1667 10.7486 10.4986 Jun 25, 2019 0.0360 0.0333 10.1626 10.1126 0.1800 0.1667 10.7162 10.4662 Mar 25, 2019 0.1440 0.1334 10.4023 10.2023 0.1800 0.1667 10.9900 10.7400

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

1,199.43 Cr.


1,212.31 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index

AVERAGE MATURITY*


*



8.38%

Mr. Devang ShahWork experience: 18 years.He has been managing this fund since 5th November

2012.

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

this fund since 1st June 2018

FUND MANAGER


PORTFOLIO

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

DIVIDENDS

26

(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



$ LESS THAN 0.01% OF NET ASSET VALUE


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Growth 7.96% 10,796 7.04% 12,270 8.41% 14,981 8.64% 18,76528-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 12.30% 11,230 7.36% 12,381 8.47% 15,018 8.85% 19,043

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.84% 17,747Axis Strategic Bond Fund - Direct Plan - Growth 8.68% 10,868 7.74% 12,514 9.28% 15,586 9.24% 18,268

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 12.30% 11,230 7.36% 12,381 8.47% 15,018 8.47% 17,407NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.24% 16,106

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 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 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 65.53%Hindustan Petroleum Corporation Limited CRISIL AAA 4.15%LIC Housing Finance Limited CRISIL AAA 4.12%REC Limited CRISIL AAA 3.97%Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 3.76%

National Highways Auth of Ind CRISIL AAA 3.13%Hansdeep Industries & Trading Company Limited (Unconditional and irrevocable guarantee from JK Lakshmi Cement Limited)

CARE AA-(CE) 3.08%

Jubilant Life Sciences Limited CRISIL AA 2.91%PVR Limited CRISIL AA- 2.86%Union Bank of India BWR AA 2.43%Oriental Nagpur Betul Highway Limited (Backed by NHAI Annuity payments)

CRISIL AAA 2.42%

IndoStar Capital Finance Limited CARE AA- 2.22%ESS Kay Fincorp Limited (Credit enhanced structure backed by specific cashflows and guarantee from Northern ARC Capital Limited)

CRISIL A/IND A+(CE)

2.17%

India Grid Trust InvIT Fund CRISIL AAA 2.10%Grasim Industries Limited CRISIL AAA 2.09%NHPC Limited ICRA AAA 2.07%Muthoot Finance Limited CRISIL AA 2.02%Punjab National Bank IND A 1.95%Syndicate Bank IND A+ 1.90%Bharti Airtel Limited CRISIL AA 1.65%Birla Corporation Limited ICRA AA 1.64%Talwandi Sabo Power Limited (Unconditional and irrevocable guarantee from Vedanta Ltd)

CRISIL AA(CE) 1.34%

Zydus Wellness Limited CRISIL AA+ 1.27%Northern ARC Capital Limited ICRA A+ 1.25%Dalmia Cement (Bharat) Limited ICRA AA 1.23%Vedanta Limited CRISIL AA 0.99%HDFC Bank Limited CRISIL AA+ 0.84%Tata Power Company Limited CRISIL AA- 0.77%Narmada Wind Energy Private Limited (NCDs backed by diversified cashflows of operating renewable energy projects and guarantee from parent Renew Power Limited)

CARE A+(CE) 0.76%

Sikka Ports and Terminals Limited CRISIL AAA 0.71%Hinduja Leyland Finance Limited CARE AA- 0.66%Edelweiss Rural & Corporate Services Limited ICRA AA- 0.50%National Bank For Agriculture and Rural Development CRISIL AAA 0.43%JM Financial Products Limited ICRA AA 0.40%Indiabulls Housing Finance Limited BWR AA+ 0.35%Power Finance Corporation Limited CRISIL AAA 0.31%IKF Finance Limited CARE A 0.29%Bank of Baroda CARE AA 0.25%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.25%Hindalco Industries Limited CRISIL AA 0.17%Asirvad Microfinance Ltd CRISIL AA- 0.08%Dewan Housing Finance Corporation Limited ^ CARE D 0.01%GOVERNMENT BOND 19.73%7.27% GOI (MD 08/04/2026) Sovereign 7.31%6.45% GOI (MD 07/10/2029) Sovereign 3.71%7.26% GOI (MD 14/01/2029) Sovereign 3.48%7.57% GOI (MD 17/06/2033) Sovereign 3.03%7.32% GOI (MD 28/01/2024) Sovereign 1.97%7.88% GOI (MD 19/03/2030) Sovereign 0.13%8.83% GOI (MD 25/11/2023) Sovereign 0.04%8.60% GOI (MD 02/06/2028) Sovereign 0.04%8.15% GOI (MD 24/11/2026) Sovereign 0.01%7.59% GOI (MD 20/03/2029) Sovereign #0.00%PASS THROUGH CERTIFICATE 7.28%MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)


Rent-A-Device Trust (Backed By Rental Recipts From Reli-ance Retail Limited)

ICRA AAA(SO) 2.28%

Orelia Trust Aug 2019 (PTCs backed by pool of gold backed loans originated by IIFL Finance Limited)

ICRA A1+(SO) 0.95%

Reliable Devices Trust (PTCs backed by Rental receipts from Reliance Retail Limited)

ICRA AAA(SO) 0.84%

Zenith Trust (PTCs backed by cashflows from multiple NBF-Cs with diversified asset class and gegrophical presence)

ICRA A+(SO) 0.34%

Solstice Trust (PTCs backed by cashflows from multiple NBFCs with diversified asset class and gegrophical presence)

ICRA AA+(SO) #0.00%

ZERO COUPON BOND 3.22%JSW Techno Projects Management Limited (Secured by pledge of shares of JSW Steel Limited and JSW Energy Limited)

BWR A(CE) 2.31%

IIFL Home Finance Limited CRISIL AA 0.91%STATE GOVERNMENT BOND 0.44%8.06% Karnataka SDL (MD 27/03/2029) Sovereign 0.44%NET CURRENT ASSETS 3.81%GRAND TOTAL 100.00%

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


Corporate Bond 65.53% Government Bond 19.73% Pass Through Certificate 7.28% Zero Coupon Bond 3.22% State Government Bond 0.44% Net Current Assets 3.81%

AAA, SOV & Equivalent 56.67% AA 19.71% AA- 10.17% A 6.62% A+ 4.36% AA+ 2.46% Below A 0.01%

# VALUES ARE LESS THAN 0.005%^ Below investment grade/default




rent assets)


31, 2019



11.00% Dewan Housing Finance Corporation Lim-ited(12/09/19)Put 12/09/17

IN-E202B07654

3.06 0.25% 12.62


INE202B07IJ3 5.33 0.44% 21.81


INE202B07IK1 1.41 0.12% 5.78

9.05% Dewan Hous-ing Finance Corpo-ration Limited NCD Sr2A (09/09/21)

INE202B07IL9 0.01 $0.00% 0.04



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Sep 25, 2019 0.3601 0.3335 11.3321 10.8321 0.3601 0.3335 11.3899 10.8899

Half Yearly Dividend

Mar 25, 2019 0.3601 0.3335 10.9229 10.4229 0.3601 0.3335 10.9526 10.4526Sep 25, 2018 0.3601 0.3335 10.8063 10.3063 - - - -Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -Oct 25, 2019 0.0180 0.0167 10.0870 10.0620 0.0200 0.0185 10.0906 10.0627Sep 25, 2019 0.0499 0.0462 10.0950 10.0256 0.0532 0.0493 10.1008 10.0268

Regular Dividend Aug 26, 2019 0.2295 0.2125 10.4660 10.1473 0.2334 0.2161 10.4728 10.1488 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 dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months.

PORTFOLIO

Instrument Type/Issuer Name RATING % OF NAV


7.27% GOI (MD 08/04/2026) Sovereign 51.46%

6.45% GOI (MD 07/10/2029) Sovereign 21.47%


8.18% Haryana Uday Bond (MD 15/06/2024) Sovereign 11.27%

TREASURY BILL 10.64%

91 Days Tbill Sovereign 10.64%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

45.70 Cr.


46.57 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index

AVERAGE MATURITY*




6.28%


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

FUND MANAGER


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

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

27


DIVIDENDS

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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Gilt Fund - Growth 15.33% 11,533 6.59% 12,115 8.38% 14,958 7.45% 17,48123-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 15.37% 11,537 7.33% 12,370 8.80% 15,252 8.12% 18,344

Axis Gilt Fund - Direct Plan - Growth 15.86% 11,586 7.12% 12,299 8.93% 15,338 8.02% 16,93901-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 15.37% 11,537 7.33% 12,370 8.80% 15,252 7.98% 16,897

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.


ENTRY & EXIT LOAD



Government Bond 72.93% State Government Bond 11.27% Treasury Bill 10.64% Net Current Assets 5.15%

Quick Take - Equity

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

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

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

Quick Take - Fixed Income

10 yr G-Sec : Last 1 year

6.45%

7.82%

• Government has signaled shift to counter cyclical measures to revive growth in economy

• Economy remains weak, RBI remains dovish & accommodative to stimulate growth

• Given the current environment, long bonds will remain range bound.

• Short to medium term strategies especially credit strategies offer attractive risk reward opportunities

14.4%

Key highlights

HYBRIDOUTLOOK

NOVEMBER 2019

• Rate Cuts & Dovish Minutes: The RBI continued to maintain an accommodative stance, on expected lines in its latest bi-monthly MPC meet. Policy repo rate were cut by 25 bps – the 6th consecutive rate cut by the RBI. Since the start of 2019, the RBI has now cut rates by 135bps. The MPC also noted that the accommodative stance ‘will continue as long as it is necessary to revive growth’.

• 10 Year at 6.45%: Debt markets remained very active as the market reacted to several news points. The benchmark 10 Year ended the month at 6.45% down 4bps. Since August, despite a rate cut of 35 Bps by the RBI, debt market yields across the curve hardened by 15-50 bps. Pressures on meeting revenue targets and a ballooning fiscal deficit across the center & states are likely reasons.

Key Market Events

Diwali cheer was spread across markets as equity markets rose on the hopes of further government stimulus and corporate earnings. For the month, S&P BSE Sensex & NIFTY 50 ended in positive territory, up 3.8% and 3.5% respectively. The up move this month was broad based across large, mid and small cap stocks. NIFTY Midcap 100 & NIFTY small cap 100 were up 4.9% & 2.7% respectively.

• State Elections – Testing Times: The ruling majority BJP, retained key states, Maharashtra & Haryana albeit with weaker consensus. The coalition of BJP + allies staked claim in Maharashtra & Haryana as the first state elections post the general elections saw opposition parties show credible strength.

INVESTORS

Debt Investors

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

• Be fearful when others are greedy.Be greedy when others are fearful.

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

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

Equity Investors• Do not Panic - Corrections are healthy.

DISTRIBUTORS





28

Source: Bloomberg, Axis MF Research.

Key highlights (Contd.)

Policy action last month has given corporate India a much needed stimulus. This coupled with falling interest rates and a demand recovery are likely to be catalysts for recovery in the economy and by extension equity markets. Markets have already begun pricing in positives from the corporate earnings as seen in the rally post Diwali.

• Global Economy – Time for Resusci tat ion: Government’s across the world have been using a combination of monetary and fiscal tools to resuscitate growth. This has also led to a selloff in long bonds of many developed economies. The US Fed cut rates by 25bps and also explored an option to sell 50 year bonds highlighting the need to prop growth. Hopes of a US China trade deal and clarity on Brexit should drive markets over the next few months.

• Crude, Inflation & Growth: Retail Inflation in India continued its upward trajectory largely driven by food inflation. CPI inflation stood at 3.99% in September compared to 3.28% in August 2019, in line with RBI’s mandated target of 4%. Ex food, the number remains comfortable and should be seen as a positive impact of monetary and fiscal policies. Brent crude ended the month at US$59.6/barrel while the India crude basket followed suit and ended the month at US$61.1/barrel.

Market View

The festival season this month has been largely in line with market expectations. Channel checks indicate moderate growth in sales – A big positive, given the weak commentary up until now. Above average monsoons, should buoy consumer sentiment especially in the rural space We will however be in ‘wait and watch mode’ to see the impact of the festival sales numbers on corporate earnings next quarter.

The first batch of corporate earnings displayed mild positivity as green shoots in consumer demand and corporate tax cut effects bearing fruit saw profits jump 15-18% on a YoY basis. This number is marginally lower ex-financials given the impact of base effects for financials. ~54% of companies that reported earnings have beaten consensus estimates according to Bloomberg. While we still in the early stages of ‘results season’, we believe results are likely to set the markets up for the next phase of growth. The worst clearly seems to be behind us.

Equity Markets

Our focus on quality and are bias towards fundamentally sound business models, the big trend we are looking to play is the corporate deleveraging and operational efficiency story that is unravelling. Our investment philosophy has always looked to capture earnings driven growth sustainably over long time periods. This has worked well for us and our portfolios are testament to this philosophy. We continue to remain optimistic on equities over the medium to long term and have positioned our portfolios accordingly. Volatility will remain an inherent factor and hence investors are advised to deploy portfolios in a staggered manner.

The RBI policy and the minutes of the MPC released this month reflect a dovish RBI. Worries on the fiscal and higher expected borrowings in H2FY 19 have kept market participants on the long end of the curve range bound. Q2 growth is widely expected to remain tepid. Our channel checks point to an improvement in consumer demand during the recent festival season. However, we will look at data during the Q3 quarter to determine a change in stance.

Another theme we like currently is ‘Credits’. The AA segment in general currently looks attractive as market uncertainty around such papers subsides. Investors who understand credit risk and are ok with some short term volatility should invest in highly diversified largely AA oriented credit funds as we see reasonable spreads between AAA & AA curves making them attractive bets from a risk reward perspective.

Debt Markets

Since May 2019, we have seen the markets flush with liquidity on account of government spending and foreign FPI/FDI flow. While we typically see a liquidity squeeze during this quarter on account of currency leakage during the festival season and advance tax payments in December, we do not foresee a significant dip in system liquidity this time around as the RBI will likely keep the liquidity taps open. Based on these factors we reiterate our view that the long bonds will remain range bound.

With RBI continuing to emphasize on transmission of rates to the broader economy, we believe money markets and the shorter end of corporate curves will remain well bid. We estimate, the RBI may cut rates further by an additional 15- 25bps by the end of the financial year. Current valuations in the short space, remain relatively attractive from a carry perspective as well given elevated spreads. 1-3 year corporate bonds continue to trade at 200+ bps above operative rates.

29



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

Mar 25, 2019 0.7203 0.6670 12.0487 11.0487 0.7203 0.6670 12.8454 11.8454Mar 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 11.6583

Half Yearly Dividend Sep 25, 2019 - - - - 0.1800 0.1667 11.1598 10.9098Mar 25, 2019 0.3601 0.3335 11.0098 10.5098 0.3601 0.3335 11.8072 11.3071Sep 25, 2018 0.3601 0.3335 11.1362 10.6362 0.3601 0.3335 11.8667 11.3667

Quarterly Dividend

Sep 25, 2019 - - - - 0.1800 0.1667 12.8426 12.5927 Jun 25, 2019 0.0360 0.0333 10.1027 10.0527 0.1800 0.1667 12.8233 12.5733 Mar 25, 2019 0.1800 0.1667 10.7306 10.4806 0.1800 0.1667 13.5227 13.2727Dec 26, 2018 0.1800 0.1667 10.7750 10.5250 0.1800 0.1667 13.5027 13.2527

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

PORTFOLIO

Instrument Type/Issuer Name Industry/Rating % OF NAV







Nirma Limited CRISIL AA 4.64%

Tata Power Company Limited IND AA 4.57%

Muthoot Finance Limited CRISIL AA 4.54%


Tata Motors Finance Limited CARE AA- 1.86%

Blue Dart Express Limited ICRA AA 0.01%

EQUITY 13.51%


















IndusInd Bank Limited CRISIL A1+ 4.63%

Kotak Mahindra Bank Limited CRISIL A1+ 4.63%

TREASURY BILL 4.61%

364 Days Tbill Sovereign 4.61%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT


217.72 Cr.


215.47 Cr.

AVERAGE MATURITY@*


@*


6.75%

Mr. Ashish NaikWork experience: 12 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER


He has been managing this fund since 07th June 2016

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

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

DIVIDENDS

30

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Growth 4.44% 10,444 4.49% 11,414 5.80% 13,257 7.36% 19,35116-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index

(Benchmark)11.99% 11,199 8.99% 12,954 8.47% 15,022 9.12% 22,506

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.09% 18,899Axis Regular Saver Fund - Direct Plan - Growth 5.40% 10,540 5.68% 11,808 7.16% 14,132 8.93% 17,926

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

11.99% 11,199 8.99% 12,954 8.47% 15,022 9.43% 18,501

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.27% 16,148Past 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 26 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 14 schemes. Please refer to annexure on Page 46 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.


ENTRY & EXIT LOAD

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


Corporate Bond 59.59% Equity 19.92% Certificate of Deposit 9.27% Treasury Bill 4.61% Net Current Assets 6.62%

AAA, SOV & Equivalent 64.46% AA 13.76% AA- 1.86%




rent assets)


31, 2019



9.1% Dewan Hous-ing Finance Corpo-ration Limited NCD Ser IV (16/08/2019)

INE202B-07HQ0

1.34 0.62% 5.46


INE202B07IJ3 3.99 1.85% 16.31

Please refer to page no 42-43, 47, 48,50 for NAV, TER, Riskometer & Statutory Details.31

COMPOSITION BY RATING (%)DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

790.96 Cr.


804.74 Cr.

BENCHMARK

NIFTY50 Equity Savings Index

Mr. Anupam TiwariWork experience: 14 years.

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



FUND MANAGER

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

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

AVERAGE MATURITY@*


@*


7.92%PORTFOLIO TURNOVER# (1 YEAR)

4.15 times

Issuer Industry/Rating Equity Exposure

Derivate Exposure

Net Exposure % of Net Assets

EQUITY 67.63% -23.15% 44.47%

HDFC Bank Limited Banks 5.45% -1.05% 4.40%

ICICI Bank Limited Banks 3.48% 3.48%

Asian Paints Limited Consumer Non Durables 3.13% -0.28% 2.84%

Reliance Industries Limited Petroleum Products 5.36% -2.66% 2.70%

Kotak Mahindra Bank Limited Banks 2.68% -0.09% 2.59%

Hindustan Unilever Limited Consumer Non Durables 3.10% -0.53% 2.57%

Tata Consultancy Services Limited Software 2.42% 2.42%

Bandhan Bank Limited Banks 2.33% 2.33%

HDFC Limited Finance 7.51% -5.35% 2.15%

Bajaj Finance Limited Finance 2.17% -0.06% 2.11%

Larsen & Toubro Limited Construction Project 2.14% -0.35% 1.79%

Infosys Limited Software 1.97% -0.44% 1.53%

Sundaram Finance Limited Finance 1.46% 1.46%

ACC Limited Cement 1.34% 1.34%Cholamandalam Investment and Finance Company Limited

Finance 1.27% 1.27%

Nestle India Limited Consumer Non Durables 1.26% 1.26%

Mahindra & Mahindra Financial Services Limited Finance 5.54% -4.34% 1.20%

Mahindra & Mahindra Limited Auto 1.12% -0.11% 1.01%

Hero MotoCorp Limited Auto 0.97% 0.97%

TCNS Clothing Co. Limited Textile Products 0.90% 0.90%

Divi's Laboratories Limited Pharmaceuticals 0.95% -0.07% 0.88%

Voltas Limited Consumer Durables 0.72% 0.72%

Aarti Industries Limited Chemicals 0.67% 0.67%

Maruti Suzuki India Limited Auto 0.55% -0.01% 0.54%


DEBT SECURITIES 29.77%








Bank of Baroda CARE AA 1.49%Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 1.25%

Tata Power Company Limited IND AA 1.22%

Union Bank of India BWR AA 1.10%

ICICI Bank Limited ICRA AA+ 0.81%




MARGIN FIXED DEPOSIT 6.46%

HDFC Bank Limited Fixed Deposit 6.46%


8.28% GOI (M/D 21/09/2027) Sovereign 0.68%

7.72% GOI (MD 26/10/2055) Sovereign 0.05%

CASH & OTHER NET CURRENT ASSETS 2.60%

NET ASSETS 100.00%

PORTFOLIO




Unhedged Equity 44.47% Debt, Cash & Other receivables 32.37% Hedged Equity 23.15%

AAA, SOV & Equivalent 20.83% AA 7.54% A 2.32% AA+ 0.81% AA- 0.50% A+ 0.37%


Name of Security ISIN Value of the security in-cluding interest amount (considered under net

current assets)


31, 2019

Total amount (Principal and Interest) due on maturity

9.1% Dewan Housing Finance Corporation Limited NCD Ser IV (16/08/2019)

INE202B07HQ0 2.68 0.33% 10.91



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 25, 2019 0.0553 0.0553 10.8500 10.7900 0.0553 0.0553 11.4100 11.3500 Sep 25, 2019 0.0553 0.0553 10.7600 10.6900 0.0553 0.0553 11.2900 11.2300

Monthly Dividend Aug 26, 2019 0.0553 0.0553 10.5700 10.5100 0.0553 0.0553 11.0800 11.0200

Quarterly DividendSep 25, 2019 0.1660 0.1660 10.9200 10.7300 0.1660 0.1660 11.4700 11.2800 Jun 25, 2019 0.1660 0.1660 10.9000 10.7100 0.1660 0.1660 11.4100 11.2200 Mar 25, 2018 0.1660 0.1660 10.8600 10.6700 0.1660 0.1660 11.3200 11.1400Dec 26, 2018 0.1660 0.1660 10.7575 10.5700 0.1660 0.1660 11.1875 11.0000


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. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered.


CAGR (%)


CAGR (%)

Current Value ofInvestment of`. 10,000/-

CAGR (%)


CAGR (%)


Date of inception

Axis Equity Saver Fund - Regular Plan - Growth 11.81% 11,181 7.97% 12,596 NA NA 7.26% 13,44014-Aug-15NIFTY50 Equity Savings Index (Benchmark) 11.08% 11,108 8.77% 12,879 NA NA 7.99% 13,830

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 9.63% 14,734Axis Equity Saver Fund - Direct Plan - Growth 13.13% 11,313 9.24% 13,047 NA NA 8.54% 14,130

14-Aug-15NIFTY50 Equity Savings Index (Benchmark) 11.08% 11,108 8.77% 12,879 NA NA 7.99% 13,830Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 9.63% 14,734Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 7 schemes & R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 45 & 46-47 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).The performance given above is for Other than Direct Plan unless specified.

ENTRY & EXIT LOAD

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


INVESTMENT OBJECTIVE: To generate 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)

33

PORTFOLIO

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

271.97 Cr.


279.09 Cr.

BENCHMARK65% of Nifty 50 TRI

+ 20% of NIFTY Composite Debt

Index + 15% of INR Price of Gold

AVERAGE MATURITY@*

3.7 years

Mr. R. Sivakumar Work experience: 21 years.

He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER



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 20.81% 12,081 7.95% 12,588 8.11% 14,772 8.56% 21,285

23-Aug-10

65% of Nifty 50 TRI+ 20% of NIFTY Com-posite Debt Index + 15% of INR Price of Gold (Benchmark)

16.27% 11,627 11.15% 13,743 9.01% 15,398 9.69% 23,406

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

13.89% 11,389 6.17% 11,973 8.32% 14,916 7.36% 19,215

Axis Triple Advantage Fund - Direct Plan - Growth

22.14% 12,214 9.22% 13,040 9.27% 15,582 9.02% 18,044

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

16.27% 11,627 11.15% 13,743 9.01% 15,398 10.26% 19,496

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

13.89% 11,389 6.17% 11,973 8.32% 14,916 7.34% 16,226

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 15 schemes. Please refer to annexure on Page 45 & 46 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 given above is for Other than Direct Plan unless specified.

MODIFIED DURATION@*



1.18 times

Issuer Industry/Rating


EQUITY 71.10%







Divi's Laboratories Limited Pharmaceu-ticals 2.91%












TCNS Clothing Co. Limited Textile Products 1.63%





Camlin Fine Sciences Limited Chemicals 1.10%


IPCA Laboratories Limited Pharmaceu-ticals 1.05%


Container Corporation of India Limited Transportation 0.91%



Varroc Engineering Limited Auto Ancillaries 0.62%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.09%







India Infrastructure Fin Co Ltd CRISIL AAA 0.96%



Hindalco Industries Limited CRISIL AA 0.19%


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

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

GOLD 14.03%

Axis Mutual Fund 14.03%


NET ASSETS 100.00%

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

ENTRY & EXIT LOAD

Entry Load :NA

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

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

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


Unhedged Equity 71.10%

Debt, Cash & Other receivables 14.87%

Gold 14.03%

AAA, SOV & Equivalent 12.04% A 1.76% AA 1.07%


AXIS EQUITY HYBRID FUND

34

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

The Scheme does not assure or guarantee any returns.

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

PORTFOLIO

MONTHLY AVERAGE

1,816.19 Cr.


1,829.46 Cr.

BENCHMARK

CRISIL Hybrid 35+65 - Aggres-

sive Index

Mr. Ashish Naik Work experience: 12 years.




FUND MANAGER

DATE OF ALLOTMENT

9th August 2018 Issuer Industry/ RatingNet Exposure

% of Net Assets

EQUITY 70.12%













Asian Paints Limited Consumer Non Du-rables 2.32%


Hindustan Unilever Limited Consumer Non Du-rables 1.94%




Nestle India Limited Consumer Non Du-rables 1.28%




Container Corporation of India Limited Transportation 0.93%


Sun Pharmaceutical Industries Limited Pharmaceuticals 0.84%









Bank of Baroda IND AAA 1.41%



NTPC Limited CRISIL AAA 1.35%



Small Industries Dev Bank of India CARE AAA 0.68%

Oriental Nagpur Betul Highway Limited (Backed by NHAI Annuity payments) CRISIL AAA 0.60%


Coastal Gujarat Power Limited (Uncon-ditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 0.55%

Hero Fincorp Limited CRISIL AA+ 0.55%


Dewan Housing Finance Corporation Limited ^ CARE D 0.34%


Bahadur Chand Investments Pvt Limited ICRA AA 0.27%




Bajaj Housing Finance Limited CRISIL AAA 0.09%


NET ASSETS 100.00%


AVERAGE MATURITY*@

2.2 years MODIFIED DURATION*@

1.7 yearsMaculary Duration*


6.60%

DEBT COMPONENT



ENTRY & EXIT LOAD

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



Debt, Cash & Other receivables 29.88% AAA, SOV & Equivalent 26.03%

AA 1.37%

AA- 1.31%

AA+ 0.82%

Below A 0.34%



CAGR (%)


CAGR (%)


Date of inception

Axis Equity Hybrid Fund - Growth 19.25% 11,925 9.27% 11,15009-Aug-18CRISIL Hybrid 35+65 - Aggressive Index Benchmark) 13.80% 11,380 5.59% 10,691

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 4.27% 10,527Axis Equity Hybrid Fund Fund - Direct Plan - Growth

21.19% 12,119 11.11% 11,380

09-Aug-18CRISIL Hybrid 35+65 - Aggressive Index (Benchmark)

13.80% 11,380 5.59% 10,691

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 4.27% 10,527Past 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 9th August 2018 and he manages 7 schemes & Ashish Naik is managing the scheme since 9th August 2018 and he manages 15 schemes. Please refer to annexure on Page 45 & 46 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 given above is for Other than Direct Plan unless specified.

^ Below investment grade/default


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.

35

PORTFOLIO

Issuer Industry/Rating


EQUITY 69.70%













Asian Paints LimitedConsumer Non Durables

1.78%






Hindustan Unilever LimitedConsumer Non Durables

1.54%






AIA Engineering Limited Industrial Products 1.06%



Neogen Chemicals Ltd Chemicals 0.96%








Camlin Fine Sciences Limited Chemicals 0.71%

JK Lakshmi Cement Limited Cement 0.51%










Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 1.11%






7.59% GOI (MD 11/01/2026) Sovereign 0.12%


8.06% Karnataka SDL (MD 27/03/2029) Sovereign 1.17%


TMF Holdings Limited CRISIL AA- 1.11%


NET ASSETS 100.00%



DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

440.43 Cr.


452.38 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index

AVERAGE MATURITY@*


@*


6.83%PORTFOLIO TURNOVER#

(1 YEAR)

1.00 times


He has been managing this fund since 6th July 2016


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

FUND MANAGER

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

Period 1 Year 3 Years Since Inception

CAGR (%)


CAGR (%)


CAGR (%)

Current Value of


Date of inception

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

18.30% 11,830 9.10% 12,996 9.42% 14,207

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 13.28% 16,261Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

19.92% 11,992 10.79% 13,610 11.13% 15,091

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 13.28% 16,261Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

18.30% 11,830 9.10% 12,995 9.42% 14,205

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 13.28% 16,261Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

20.02% 12,002 10.98% 13,679 11.39% 15,227

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 13.28% 16,261Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Since inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 2015. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Ashish Naik manages 15 schemes & R. Sivakumar manages 7 schemes. Please refer to annexure on Page 45 & 46 for performance of all schemes managed by the fund managers. The performance given above is for Other than Direct Plan unless specified.


ENTRY & EXIT LOAD

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



Debt, Cash & Other receivables 30.30%

AAA, SOV & Equivalent 20.27% AA 7.36% AA+ 1.12% AA- 1.11% A+ 0.22% A 0.22%


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)

36

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,148.71 Cr.


2,149.98 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index

AVERAGE MATURITY*

1.4 years MODIFIED DURATION*


5.91%PORTFOLIO TURNOVER#

(1 YEAR)

4.33 times

Mr. Anupam TiwariWork experience: 14 years.


FUND MANAGER




Derivate Exposure


EQUITY 67.95% -34.02% 33.93%

HDFC Bank Limited Banks 5.15% -2.16% 3.00%

Reliance Industries Limited Petroleum Products 9.33% -6.61% 2.72%

ICICI Bank Limited Banks 3.35% -0.84% 2.51%

Kotak Mahindra Bank Limited Banks 3.03% -0.82% 2.20%

Tata Consultancy Services Limited Software 3.39% -1.54% 1.85%

Asian Paints LimitedConsumer Non Durables

3.49% -1.71% 1.78%

Infosys Limited Software 2.89% -1.23% 1.66%

Nestle India LimitedConsumer Non Durables

2.58% -0.97% 1.61%

Bajaj Finance Limited Finance 4.30% -2.74% 1.56%

Bandhan Bank Limited Banks 1.39% 1.39%

Divi's Laboratories Limited Pharmaceuticals 2.02% -0.75% 1.27%

Larsen & Toubro Limited Construction Project 1.97% -0.74% 1.24%

Hindustan Unilever LimitedConsumer Non Durables

2.40% -1.16% 1.23%

Sundaram Finance Limited Finance 1.10% 1.10%

ACC Limited Cement 1.72% -0.72% 1.00%

TCNS Clothing Co. Limited Textile Products 0.98% 0.98%

Cholamandalam Investment and Finance Company Limited

Finance 0.70% 0.70%

HDFC Limited Finance 7.27% -6.59% 0.68%

Mahindra & Mahindra Financial Services Limited

Finance 1.09% -0.42% 0.67%

Mahindra & Mahindra Limited Auto 0.67% 0.67%

City Union Bank Limited Banks 0.62% 0.62%

Hero MotoCorp Limited Auto 0.66% -0.05% 0.61%

IPCA Laboratories Limited Pharmaceuticals 0.50% 0.50%

Varroc Engineering Limited Auto Ancillaries 0.50% 0.50%






LIC Housing Finance Limited CARE AAA 1.20%



NABARD IND AAA 1.18%


Shriram Transport Finance Company Limited CRISIL AA+ 0.95%

PORTFOLIO




Hedged Equity 34.02% Unhedged Equity 33.93% Debt, Cash & Other receivables 32.05%

AAA, SOV & Equivalent 27.18% A1+ 2.51% AA+ 1.61% AA 0.45% Below A 0.29%




CAGR (%)


CAGR (%)


Date of inception

Axis Dynamic Equity Fund - Regular Plan - Growth 8.96% 10,896 5.63% 11,3101-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 15.00% 11,500 8.11% 11,918

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 8.84% 12,099

Axis Dynamic Equity Fund - Direct Plan - Growth 10.56% 11,056 7.35% 11,7301-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 15.00% 11,500 8.11% 11,918

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 8.84% 12,099Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since inception and he manages 7 schemes , R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 45 & 46-47 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.

ENTRY & EXIT LOAD

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


Derivate Exposure


Muthoot Finance Limited CRISIL AA 0.45%

Dewan Housing Finance Corporation Limited ^ CARE D 0.29%


Tata Sons Private Ltd CRISIL AAA 0.23%




Cholamandalam Investment and Finance Company Limited ICRA AA+ 0.43%


NET ASSETS 100.00%


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Sep 30, 2019 0.3301 0.3301 11.1200 10.7500 0.3984 0.3984 11.5200 11.0700Please 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


^ Below investment grade/default


DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

2,491.05 Cr.


2,531.84 Cr.

BENCHMARK

Nifty 50 Arbitrage Index

Mr. Viresh Joshi Work experience: 18 years.

He has been managing the fund since 7th March 2019



FUND MANAGER

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

(An Open Ended Scheme Investing In Arbitrage Opportunities )

38

AVERAGE MATURITY*@

1.2 yearsMODIFIED DURATION*@

1.0 yearPORTFOLIO YIELD (YIELD TO MATURITY&)


11.95 times

Issuer Industry/RatingNet Exposure

% of Net Assets

EQUITY 64.89%






Bharti Airtel Limited Telecom - Services 3.65%

Sun Pharmaceutical Industries Limited Pharmaceuticals 2.22%





United Spirits Limited Consumer Non Durables 1.61%




Vedanta Limited Non - Ferrous Metals 0.94%


ITC Limited Consumer Non Durables 0.84%



Cipla Limited Pharmaceuticals 0.61%







Kotak Mahindra Prime Limited CRISIL A1+ 1.86%

NABARD ICRA A1+ 0.19%




LIC Housing Finance Limited CARE AAA 2.03%

PORTFOLIO


CAGR (%)


CAGR (%)


CAGR (%)


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Arbitrage Fund - Regular Plan - Growth 6.19% 10,619 6.10% 11,949 6.42% 13,652 6.49% 13,879

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 6.53% 10,653 5.26% 11,668 6.09% 13,441 6.14% 13,647

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 14,632

Axis Arbitrage Fund - Direct Plan - Growth 6.94% 10,694 6.93% 12,232 7.28% 14,214 7.35% 14,478

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 6.53% 10,653 5.26% 11,668 6.09% 13,441 6.14% 13,647

NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 14,632Past 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 inception and he manages 26 schemes & Viresh Joshi is managing the scheme since 7th March 2019 and he manages 1 scheme. Please refer to annexure on Page 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance given above is for Other than Direct Plan unless specified.



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 22, 2019 0.0442 0.0442 10.5541 10.5041 0.0442 0.0442 11.1784 11.1284

Sep 30, 2019 0.0442 0.0442 10.5404 10.4904 0.0442 0.0442 11.1562 11.1062

Dividend

Aug 20, 2019 0.0442 0.0442 10.5490 10.4990 0.0442 0.0442 11.1535 11.1035

July 30, 2019 0.0442 0.0442 10.5687 10.5187 0.0442 0.0442 11.1669 11.1169

July 15, 2019 0.0442 0.0442 10.5889 10.5389 0.0619 0.0619 11.2022 11.1322 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.

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

ENTRY & EXIT LOAD


DIVIDENDS



PORTFOLIO


Issuer Industry/RatingNet Exposure

% of Net Assets







Aditya Birla Finance Limited ICRA AAA 0.40%

L&T Finance Limited ICRA AAA 0.15%




AU Small Finance Bank Limited Fixed Deposit 1.78%


Aditya Birla Finance Limited ICRA AAA 0.04%


NET ASSETS 100.00%

40

Axis Bluechip Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,70,000 6,00,000 3,60,000 1,20,000

Market value as on October 31, 2019 23,95,008 8,50,581 4,57,594 1,34,392

Returns (Annualised) 14.10% 13.93% 16.23% 22.98%

Benchmark Returns (Annualised) 11.55% 11.06% 11.27% 13.62%

Additional Benchmark Returns (Annualised) 12.06% 12.16% 13.24% 15.70%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st October 2019)

The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50 TRI . Additional Benchmak: S&P BSE Sensex TRI. Inception Date: Jan 05, 2010. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Long Term Equity Fund - Growth Option

SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,80,000 6,00,000 3,60,000 1,20,000





^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200 TRI. Additional Benchmak: Nifty 50 TRI. Inception Date: Dec 29, 2009. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Midcap Fund - Growth Option






^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap TRI. Additional Benchmak: Nifty 50 TRI. 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 8,90,000 6,00,000 3,60,000 1,20,000





^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50 TRI. Additional Benchmak: S&P BSE 200 TRI. Inception Date: Jun 29, 2012. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Equity Saver Fund - Regular Plan - Growth Option

SIP Investments Since Inception SIP 3 Year SIP 1 Year SIPTotal Amount Invested 5,00,000 3,60,000 1,20,000

Market value as on October 31, 2019 5,94,806 4,08,427 1,27,203

Returns (Annualised) 8.29% 8.38% 11.32%

Benchmark Returns (Annualised) 8.83% 8.60% 10.38%

Additional Benchmark Returns (Annualised) 12.15% 11.27% 13.62%^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 TRI. Inception Date: August 14, 2015. This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Growth Opportunities Fund - Regular Plan - Growth OptionSIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 1,30,000 1,20,000

Market value as on October 31, 2019 1,45,489 1,33,689

Returns (Annualised) 21.21% 21.83%

Benchmark Returns (Annualised) 8.79% 8.24%

Additional Benchmark Returns (Annualised) 14.12% 13.62%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY LargeMidcap 250 TRI. Additional Benchmak: Nifty 50 TRI Inception Date: Oct 22, 2018. This scheme are managed by Jinesh Gopani & Hitesh Das. Please refer to the Annexure for returns of all the schemes managed by them.

41

Axis Multicap Fund - Regular Plan - Growth OptionSIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 2,40,000 1,20,000



Benchmark Returns (Annualised) -2.07% 10.63%

Additional Benchmark Returns (Annualised) 9.80% 13.62%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st October 2019)

The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 500 TRI. Additional Benchmak: Nifty 50 TRI Inception Date: Nov 20, 2017. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Small Cap Fund - Regular Plan - Growth Option




Benchmark Returns (Annualised) 1.54% -2.09% -10.43% -9.09%


Axis Triple Advantage Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,10,000 6,00,000 3,60,000 1,20,000




Additional Benchmark Returns (Annualised) 7.72% 7.71% 7.91% 12.89%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Small Cap 100 TRI. Additional Benchmak: NIFTY 50 TRI. Inception Date: Nov 29, 2013. This scheme is managed by Anupam Tiwari. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Regular Saver Fund - Growth Option





Additional Benchmark Returns (Annualised) 7.71% 7.71% 7.91% 12.81%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Short Duration Debt 25:75 Index.Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Dynamic Equity Fund - Regular Plan - Growth Option

SIP Investments Since Inception SIP 1 Year SIPTotal Amount Invested 2,70,000 1,20,000




Additional Benchmark Returns (Annualised) 9.77% 13.62%^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 TRI. Inception Date: August 1, 2017. This scheme is managed by Anupam Tiwari, R. Sivakumar . Please refer to the Annexure for returns of all the schemes managed by them.

Axis Equity Hybrid Fund - Regular Plan - Growth Option

SIP Investments Since Inception SIP 1 Year SIPTotal Amount Invested 1,50,000 1,20,000




Additional Benchmark Returns (Annualised) 10.67% 13.62%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL Hybrid 35+65 - Aggressive Index. Additional Benchmak: Nifty 50 TRI. Inception Date: August 9, 2018. This scheme is managed by Ashish Naik, R. Sivakumar . 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).

42

NAV

Axis Liquid Fund

Axis Dynamic Bond Fund

Axis Banking & PSU Debt Fund

Axis Gilt Fund

Axis Treasury Advantage Fund

Axis Corporate Debt Fund

Axis Short Term Fund

Axis Strategic Bond Fund

Option NAV (`)Daily Dividend 1001.3998Growth 2144.1989Monthly Dividend 1001.7922Weekly Dividend 1002.4338Retail Daily Dividend 1000.9559Retail Growth 2018.8251Retail Monthly Dividend 1001.1182Retail Weekly Dividend 1000.9394Direct Bonus 2153.4980Direct plan - Daily Dividend 1000.9560Direct plan - Growth 2153.6244Direct plan - Monthly Dividend 1001.2070Direct plan - Weekly Dividend 1002.4368

Option NAV (`)Growth 20.1996Half Yearly Dividend 10.6622Quarterly Dividend 10.6167Direct Plan - Growth 21.7178Direct Plan - Half Yearly Dividend 11.6402Direct Plan - Quarterly Dividend 10.8365

Option NAV (`)Growth 14.6702Monthly Dividend 10.0900Weekly Dividend 10.1529Direct Growth 15.6006Direct Monthly Dividend 10.0537Direct Weekly Dividend 10.2661

Option NAV (`)Daily Dividend 1022.2946Growth 1858.1026Monthly Dividend 1024.9900Weekly Dividend 1024.1526Direct Plan - Daily Dividend 1022.2948Direct Plan - Growth 1884.5617Direct Plan - Monthly Dividend 1025.0461Direct Plan - Weekly Dividend 1024.1703

Option NAV (`)Growth 17.4813Half Yearly Dividend 10.9118Regular Dividend 10.0879Direct Plan - Growth 18.1004Direct Plan - Half Yearly Dividend 10.9741Direct Plan - Regular Dividend 10.0893

Option NAV (`)Daily Dividend 1006.2334Growth 2198.8049Monthly Dividend 1007.3883Weekly Dividend 1007.2458Retail Daily Dividend 1005.5654Retail Growth 2057.6128Retail Monthly Dividend 1007.3871Retail Weekly Dividend 1006.5127Direct Plan - Daily Dividend 1007.2893Direct Plan - Growth 2263.6671Direct Plan - Monthly Dividend 1007.4395Direct Plan - Weekly Dividend 1006.5279

Option NAV (`)Regular Plan Regular Dividend 11.6702Regular Plan Daily Dividend 10.1506Regular Plan Growth 11.6696Regular Plan Monthly Dividend 10.1499Regular Plan Weekly Dividend 10.1436Direct Plan Regular Dividend 11.8921Direct Plan Daily Dividend 10.1528Direct Plan Growth 11.8950Direct Plan Monthly Dividend 10.1780Direct Plan Weekly Dividend 10.1711

Option NAV (`)Bonus 21.5589Growth 21.4362Monthly Dividend 10.2775Weekly Dividend 10.2665Regular Dividend 14.3407Retail Growth 21.1944Retail Monthly Dividend 10.1125Retail Weekly Dividend 10.1747Direct Plan - Regular Dividend 13.7534Direct Plan - Growth 22.5708Direct Plan - Monthly Dividend 10.1149Direct Plan - Weekly Dividend 10.2667

Option NAV (`)Growth 18.7645Half Yearly Dividend 10.4903Quarterly Dividend 10.4507Direct Plan - Growth 19.8377Direct Plan - Half Yearly Dividend 10.9354Direct Plan - Quarterly Dividend 10.6402

Option NAV (`)Dividend 16.76Growth 31.49Direct Plan - Dividend 18.51Direct Plan - Growth 34.11



Option NAV (`)Dividend 12.59Growth 12.59Direct Dividend 12.99Direct Growth 13.00



Axis Bluechip Fund

Axis Long Term Equity Fund

Axis Focused 25 Fund

Axis Multicap Fund

Axis Midcap Fund

Axis Arbitrage Fund

Equity Funds (as on 31st October 2019)

Debt Funds (as on 31st October 2019)

Option NAV (`)Regular Plan Regular Dividend 10.9262Regular Plan Daily Dividend 10.0492Regular Plan Growth 10.9263Regular Plan Monthly Dividend 10.0708Regular Plan Weekly Dividend 10.0767Direct Plan Regular Dividend 11.0367Direct Plan Daily Dividend 10.0338Direct Plan Growth 11.0360Direct Plan Monthly Dividend 10.0649Direct Plan Weekly Dividend 10.0600

Axis Ultra Short Term Fund

Axis Credit Risk Fund


Axis Small Cap Fund


Axis Growth Opportunities Fund

Axis Overnight Fund

Option NAV (`)Regular Daily Dividend 1000.5032Regular Growth 1035.1456Regular Monthly Dividend 1001.6087Regular Weekly Dividend 1000.9264Direct Daily Dividend 1000.5073Direct Growth 1035.6533Direct Monthly Dividend 1001.6279Direct Weekly Dividend 1000.9601

Axis Money Market Fund

Option NAV (`)Regular Daily Dividend 1002.2734Regular Growth 1020.1288Regular Monthly Dividend 1003.4449Regular Plan Quarterly Dividend 1013.5728Regular Annual Dividend 1020.1335Direct Daily Dividend 1002.5075Direct Growth 1020.4684Direct Monthly Dividend 1003.4616Direct Plan Quarterly Dividend 1013.9260Direct Plan Annual Dividend 1020.4970

43

NAV

Option NAV (`)Regular Regular Dividend 11.15Regular Growth 11.15Regular Monthly Dividend 11.15Regular Quarterly Dividend 11.15Direct Regular Dividend 11.39Direct Growth 11.38Direct Monthly Dividend 11.38Direct Quarterly Dividend 11.39

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund

Option NAV (`)Regular Dividend 13.05Growth 13.44Monthly Dividend 10.80Quarterly Dividend 10.90Direct Regular Dividend 13.08Direct Growth 14.13Direct Monthly Dividend 11.36Direct Quarterly Dividend 11.48

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 15.0803Direct Plan - No Lock-In - Growth 15.2266No Lock-In - Dividend 14.2106No Lock-In - Growth 14.2049Compulsory Lock-In - Dividend 14.2142Compulsory Lock-In - Growth 14.2067Dir Plan - Comp Lock-In - Dividend 15.0804Dir Plan - Comp Lock-In - Growth 15.0914

Axis Dynamic Equity Fund


Option NAV (`)Growth Option 19.3508Dividend Option - Half Yearly 10.4885Dividend Option - Quarterly 10.4076Dividend Option - Annual 11.0263Direct Plan - Growth 21.1021Direct Plan - Half Yearly Dividend 11.0964Direct Plan - Quarterly Dividend 12.8259Direct Plan - Annual Dividend 11.8897

Axis Triple Advantage Fund


Hybrid Funds (as on 31st October 2019)

Fund Name Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount / in Multipules of (`)

Minimum Installments

Axis Bluechip Fund 5,000/1 100/1 500/1 06

Axis Focused 25 Fund 5,000/1 100/1 1,000/1 06

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

Axis Midcap Fund 5,000/1 100/1 1,000/1 06

Axis Multicap Fund 5,000/1 100/1 1,000/1 06

Axis Small Cap Fund 5,000/1 100/1 1,000/1 06

Axis Growth Opportunities Fund 5,000/1 100/1 1,000/1 06

Axis Equity Saver Fund 5,000/1 100/1 1,000/1 06

Axis Triple Advantage Fund 5,000/1 100/1 1,000/1 06

Axis Regular Saver Fund 5,000/1 100/1 1,000/1 06

Axis Gilt Fund£ 5,000/1 100/1 1,000/1 06

Axis Dynamic Bond Fund 5,000/1 100/1 1,000/1 06

Axis Corporate Debt Fund 5,000/1 100/1 1,000/1 06

Axis Strategic Bond Fund 5,000/1 100/1 1,000/1 06

Axis Credit Risk Fund£ 5,000/1 100/1 1,000/1 06

Axis Short Term Fund 5,000/1 1,000/1 1,000/1 06

Axis Banking & PSU Debt Fund 5,000/1 1,000/1 1,000/1 06

Axis Treasury Advantage Fund 5,000/1 1,000/1 1,000/1 06

Axis Ultra Short Term Fund 5,000/1 100/1 1,000/1 06

Axis Liquid Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- 06

Axis Overnight Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- 06

Axis Money Market Fund 5,000/1 100/1 1,000/1 06

Axis Arbitrage Fund 5,000/1 100/1 1,000/1 06

Axis Children’s Gift Fund 5,000/1 100/1 1,000/1 06

Axis Dynamic Equity Fund 5,000/1 100/1 1,000/1 06

Axis Equity Hybrid Fund 5,000/1 100/1 1,000/1 06

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).

44

1 Year 3 Years 5 Years Since Inception

Date of inception CAGR (%) CurrentValue of

Investmentof ` 10,000

CAGR (%) CurrentValue of


CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

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

05-Jan-1025.11% 12,511 15.69% 15,505 11.07% 16,912 12.38% 31,490

Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 9.97% 25,437S&P BSE Sensex TRI (Additional Benchmark) 17.97% 11,797 14.18% 14,903 8.99% 15,380 10.28% 26,147Axis Bluechip Fund - Direct Plan - Growth

01-Jan-13

26.66% 12,666 17.18% 16,112 12.41% 17,953 16.27% 28,005

Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785S&P BSE Sensex TRI (Additional Benchmark) 17.97% 11,797 14.18% 14,903 8.99% 15,380 12.65% 22,561Axis Midcap Fund - Growth

18-Feb-1117.55% 11,755 13.28% 14,550 11.72% 17,410 17.13% 39,590

S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 4.59% 11,445 9.81% 15,970 11.13% 25,048Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 10.75% 24,318Axis Midcap Fund - Direct Plan - Growth

01-Jan-1319.11% 11,911 14.61% 15,070 13.04% 18,465 18.21% 31,373

S&P BSE TRI Midcap (Benchmark) 2.73% 10,273 4.59% 11,445 9.81% 15,970 12.62% 22,526Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785Axis Multicap Fund - Regular Plan - Growth@

20-Nov-1723.80% 12,380 NA NA NA NA 12.57% 12,590

Nifty 500 (Benchmark) 12.10% 11,210 NA NA NA NA 4.23% 10,838Nifty 50 (Additional Benchmark) 15.93% 11,593 NA NA NA NA 9.12% 11,850Axis Multicap Fund - Direct Plan - Growth@

20-Nov-1725.73% 12,573 NA NA NA NA 14.44% 13,000

Nifty 500 TRI (Benchmark) 12.10% 11,210 NA NA NA NA 4.23% 10,838Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 9.12% 11,850Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth@

25-May-1716.56% 11,656 NA NA NA NA 9.95% 12,600

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 10.44% 12,737Nifty 50 TRI (Additional-l Benchmark) 15.93% 11,593 NA NA NA NA 11.22% 12,957Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-1717.89% 11,789 NA NA NA NA 11.55% 13,050

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 10.44% 12,737Nifty 50 TRI (Additional-l Benchmark) 15.93% 11,593 NA NA NA NA 11.22% 12,957Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth@

03-Aug-1717.88% 11,788 NA NA NA NA 9.51% 12,260

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 15.55% 11,555 NA NA NA NA 8.87% 12,101Nifty 50 TRI (Additional-l Benchmark) 15.93% 11,593 NA NA NA NA 9.35% 12,220Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-1719.15% 11,915 NA NA NA NA 11.20% 12,690

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 8.87% 12,101Nifty 50 TRI (Additional-l Benchmark) 15.93% 11,593 NA NA NA NA 9.35% 12,220

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

29-Dec-0922.95% 12,295 13.46% 14,620 12.71% 18,192 17.59% 49,283

S&P BSE 200 TRI (Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 10.33% 26,311Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 10.14% 25,878Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-1324.13% 12,413 14.63% 15,081 13.93% 19,199 20.45% 35,666

S&P BSE 200 TRI (Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 12.52% 22,389Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785Axis Focused 25 Fund - Growth

29-Jun-1221.02% 12,102 14.59% 15,064 13.76% 19,061 16.38% 30,460

Nifty 50 (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 13.09% 24,682S&P BSE 200 TRI (Additional Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 13.78% 25,806Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-1322.72% 12,272 16.01% 15,633 15.22% 20,313 16.50% 28,396

Nifty 50 TRI (Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 12.07% 21,785S&P BSE 200 TRI (Additional Benchmark) 13.66% 11,366 11.27% 13,788 9.39% 15,668 12.52% 22,389Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth@

29-Dec -16

12.18% 11,218 NA NA NA NA 9.65% 12,990

S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 9.31% 12,876Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 16.03% 15,250Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan- Growth@

29-Dec -1613.42% 11,342 NA NA NA NA 11.21% 13,520

S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 9.31% 12,876Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 16.03% 15,250Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@

27-Feb -17

11.21% 11,121 NA NA NA NA 8.70% 12,500

S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 4.72% 11,313Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 13.04% 13,878Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan- Growth@

27-Feb -17

12.56% 11,256 NA NA NA NA 10.28% 12,990

S&P BSE Midcap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 4.72% 11,313Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 13.04% 13,878Axis Growth Opportunities Fund - Regular Plan - Growth Option

22-Oct-1817.76% 11,776 NA NA NA NA 17.53% 11,800

NIFTY LargeMidcap 250 TRI (Benchmark) 9.00% 10,900 NA NA NA NA 12.14% 11,246Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 17.19% 11,765Axis Growth Opportunities Fund - Direct Plan - Growth@

22-Oct-1820.06% 12,006 NA NA NA NA 19.77% 12,030

NIFTY LargeMidcap 250 TRI (Benchmark) 9.00% 10,900 NA NA NA NA 12.14% 11,246Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 17.19% 11,765

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

14-Aug-1511.81% 11,181 7.97% 12,596 NA NA 7.26% 13,440

NIFTY 50 Equity Savings Index (Benchmark) 11.08% 11,108 8.77% 12,879 NA NA 7.99% 13,830Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 9.63% 14,734Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-1513.13% 11,313 9.24% 13,047 NA NA 8.54% 14,130

NIFTY 50 Equity Savings Index (Benchmark) 11.08% 11,108 8.77% 12,879 NA NA 7.99% 13,830Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 9.63% 14,734Axis Triple Advantage Fund - Growth

23-Aug-1020.81% 12,081 7.95% 12,588 8.11% 14,772 8.56% 21,285

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 16.27% 11,627 11.15% 13,743 9.01% 15,398 9.69% 23,406NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.36% 19,215Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-1322.14% 12,214 9.22% 13,040 9.27% 15,582 9.02% 18,044

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 16.27% 11,627 11.15% 13,743 9.01% 15,398 10.26% 19,496NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.34% 16,226Axis Dynamic Bond Fund - Growth

27-Apr-1112.48% 11,248 7.12% 12,299 8.51% 15,044 8.60% 20,200

NIFTY Composite Debt Index (Benchmark) 13.68% 11,368 7.18% 12,319 8.62% 15,126 8.59% 20,175NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.48% 18,488Axis Dynamic Bond Fund - Direct Plan - Growth

02-Jan-1313.35% 11,335 8.03% 12,614 9.56% 15,789 9.53% 18,624

NIFTY Composite Debt Index (Benchmark) 13.68% 11,368 7.18% 12,319 8.62% 15,126 8.43% 17,384NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.34% 16,221Axis Dynamic Equity Fund -Regular Plan - Growth@

1-Aug-178.96% 10,896 NA NA NA NA 5.63% 11,310

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 15.00% 11,500 NA NA NA NA 8.11% 11,918Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 8.84% 12,099Axis Dynamic Equity Fund - Direct Plan - Growth@

1-Aug-1710.56% 11,056 NA NA NA NA 7.35% 11,730

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 15.00% 11,500 NA NA NA NA 8.11% 11,918Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 8.84% 12,099Axis Capital Protection Oriented Fund - Series 5

02-Nov-1212.14% 11,214 7.67% 12,490 4.78% 12,634 7.87% 16,992

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 13.67% 11,367 8.07% 12,630 9.14% 15,486 9.53% 18,903NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.58% 16,678Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1518.30% 11,830 9.10% 12,996 NA NA 9.42% 14,207

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 NA NA 11.74% 15,415

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 13.28% 16,261Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1519.92% 11,992 10.79% 13,610 NA NA 11.13% 15,091

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 NA NA 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 13.28% 16,261Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1518.30% 11,830 9.10% 12,995 NA NA 9.42% 14,205

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 NA NA 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 13.28% 16,261Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1520.02% 12,002 10.98% 13,679 NA NA 11.39% 15,227

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 NA NA 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 13.28% 16,261

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

45






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Equity Hybrid Fund -Regular Plan - Growth@

1-Aug-17

19.25% 11,925 NA NA NA NA 9.27% 11,150

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 13.80% 11,380 NA NA NA NA 5.59% 10,691

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 4.27% 10,527

Axis Equity Hybrid Fund - Direct Plan - Growth@

1-Aug-17

21.19% 12,119 NA NA NA NA 11.11% 11,380

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 13.80% 11,380 NA NA NA NA 5.59% 10,691

Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 4.27% 10,527

FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 8 SCHEMES)Axis Liquid Fund - Growth

09-Oct-097.05% 10,705 7.02% 12,257 7.47% 14,340 7.87% 21,442

NIFTY Liquid Index (Benchmark) 6.89% 10,689 6.84% 12,195 7.28% 14,212 7.80% 21,304NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,282 7.48% 14,349 6.94% 19,643Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.11% 10,711 7.08% 12,279 7.54% 14,386 8.00% 16,918

NIFTY Liquid Index (Benchmark) 6.89% 10,689 6.84% 12,195 7.28% 14,212 7.80% 16,708NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,282 7.48% 14,349 7.57% 16,466Axis Liquid Fund - Retail Plan - Growth

01-Mar-106.52% 10,652 6.44% 12,059 6.90% 13,964 7.53% 20,188

NIFTY Liquid Index (Benchmark) 6.89% 10,689 6.84% 12,195 7.28% 14,212 7.98% 21,019NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,282 7.48% 14,349 7.07% 19,360Axis Treasury Advantage Fund - Growth

09-Oct-099.50% 10,950 7.61% 12,469 7.95% 14,665 8.14% 21,988

NIFTY Low Duration Debt Index (Benchmark) 8.91% 10,891 7.52% 12,439 7.94% 14,658 8.28% 22,273NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 6.94% 19,643Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-139.86% 10,986 8.13% 12,650 8.43% 14,993 8.73% 17,716

NIFTY Low Duration Debt Index (Benchmark) 8.91% 10,891 7.52% 12,439 7.94% 14,658 8.25% 17,193NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 16,460Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-109.50% 10,950 7.35% 12,379 7.52% 14,375 7.75% 20,576

NIFTY Low Duration Debt Index (Benchmark) 8.91% 10,891 7.52% 12,439 7.94% 14,658 8.39% 21,786NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.07% 19,356Axis Banking & PSU Debt Fund - Growth

08-Jun-1212.64% 11,264 8.61% 12,821 8.56% 15,079 8.73% 18,581

NIFTY Banking & PSU Debt Index (Benchmark) 10.93% 11,093 7.05% 12,275 8.01% 14,705 8.46% 18,244NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.56% 17,149Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-1312.95% 11,295 8.87% 12,914 8.79% 15,242 8.89% 17,900

NIFTY Banking & PSU Debt Index (Benchmark) 10.93% 11,093 7.05% 12,275 8.01% 14,705 8.27% 17,214NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 16,460Axis Ultra Short Term Fund - Regular Plan - Growth@

10-Sep-188.20% 10,820 NA NA NA NA 8.08% 10,926

CRISIL Ultra Short Term Fund Index (Benchmark) 8.43% 10,843 NA NA NA NA 8.37% 10,959NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 8.17% 10,937Axis Ultra Short Term Fund - Direct Plan - Growth@

10-Sep-189.15% 10,915 NA NA NA NA 9.03% 11,036

CRISIL Ultra Short Term Fund Index (Benchmark) 8.43% 10,843 NA NA NA NA 8.37% 10,959NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 8.17% 10,937Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth@

25-May-1716.56% 11,656 NA NA NA NA 9.95% 12,600

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 10.44% 12,737Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 11.22% 12,957Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-1717.89% 11,789 NA NA NA NA 11.55% 13,050

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 10.44% 12,737Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 11.22% 12,957Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth@

03-AUG-1717.88% 11,788 NA NA NA NA 9.51% 12,260

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 8.87% 12,101Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 9.35% 12,220Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-1719.15% 11,915 NA NA NA NA 11.20% 12,690

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 15.55% 11,555 NA NA NA NA 8.87% 12,101Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 9.35% 12,220

TOP 3 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 14 SCHEMES)Axis Triple Advantage Fund - Growth

23-Aug-1020.81% 12,081 7.95% 12,588 8.11% 14,772 8.56% 21,285

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 16.27% 11,627 11.15% 13,743 9.01% 15,398 9.69% 23,406NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.36% 19,215Axis Triple Advantage Fund - Direct Plan - Growth

01-Jan-1322.14% 12,214 9.22% 13,040 9.27% 15,582 9.02% 18,044

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 16.27% 11,627 11.15% 13,743 9.01% 15,398 10.26% 19,496NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.34% 16,226Axis Equity Hybrid Fund - Growth@

09-Aug-1819.25% 11,925 NA NA NA NA 9.27% 11,150

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 13.80% 11,380 NA NA NA NA 5.59% 10,691Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 4.27% 10,527Axis Equity Hybrid Fund - Direct Plan - Growth@

09-Aug-1821.19% 12,119 NA NA NA NA 11.11% 11,380

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 13.80% 11,380 NA NA NA NA 5.59% 10,691Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 4.27% 10,527Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@@

08-Dec-1518.30% 11,830 9.10% 12,996 NA NA 9.42% 14,207

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 NA NA 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 13.28% 16,261Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@@

08-Dec-1519.92% 11,992 10.79% 13,610 NA NA 11.13% 15,091

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 15.32% 11,532 10.94% 13,665 NA NA 11.74% 15,415Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 13.28% 16,261

BOTTOM 3 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 14 SCHEMES)Axis Hybrid Fund - Series 35 - Regular Plan - Growth@

01-Dec-164.40% 10,440 NA NA NA NA 6.60% 12,048

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 13.67% 11,367 NA NA NA NA 7.64% 12,395NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 6.94% 12,160Axis Hybrid Fund - Series 35 - Direct Plan - Growth@

01-Dec-165.29% 10,529 NA NA NA NA 8.02% 12,521

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 13.67% 11,367 NA NA NA NA 7.64% 12,395NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 6.94% 12,160Axis Hybrid Fund - Series 31 - Regular Plan - Growth@

19-Jul-163.89% 10,389 5.36% 11,701 NA NA 4.99% 11,734

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 14.21% 11,421 8.55% 12,800 NA NA 9.01% 13,277NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 NA NA 7.12% 12,537Axis Hybrid Fund - Series 31 - Direct Plan - Growth@

19-Jul-164.81% 10,481 6.79% 12,185 NA NA 6.44% 12,276

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 14.21% 11,421 8.55% 12,800 NA NA 9.01% 13,277NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 NA NA 7.12% 12,537Axis Hybrid Fund - Series 33 - Regular Plan - Growth@@

09-Sep-163.51% 10,351 5.20% 11,648 NA NA 4.44% 11,464

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 14.21% 11,421 8.55% 12,800 NA NA 8.43% 12,896NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 NA NA 7.10% 12,406Axis Hybrid Fund - Series 33 - Direct Plan - Growth@@

09-Sep-164.40% 10,440 6.62% 12,127 NA NA 5.87% 11,965

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 14.21% 11,421 8.55% 12,800 NA NA 8.43% 12,896NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 NA NA 7.10% 12,406

TOP 3 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 7 SCHEMES) Axis Small Cap Fund - Regular Plan - Growth

29-Nov-1323.68% 12,368 11.05% 13,705 12.48% 18,008 21.41% 31,550

Nifty Smallcap 100 TRI (Benchmark) -4.29% 9,571 -2.84% 9,171 3.25% 11,735 11.64% 19,193Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 13.11% 20,743Axis Small Cap Fund - Direct Plan - Growth

29-Nov-1325.08% 12,508 12.30% 14,176 13.73% 19,034 22.77% 33,710

Nifty Smallcap 100 TRI (Benchmark) -4.29% 9,571 -2.84% 9,171 3.25% 11,735 11.64% 19,193Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 8.76% 15,218 13.11% 20,743Axis Capital Builder Fund - Series 1 - Growth@

08-Mar-1816.29% 11,629 NA NA NA NA 5.07% 10,850

Nifty 500 TRI (Benchmark) 12.10% 11,210 NA NA NA NA 6.02% 11,012Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 11.07% 11,891Axis Capital Builder Fund - Series 1 - Direct Plan - Growth@

08-Mar-1817.62% 11,762 NA NA NA NA 6.42% 11,080

Nifty 500 TRI (Benchmark) 12.10% 11,210 NA NA NA NA 6.02% 11,012Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 11.07% 11,891Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth@

29-Dec-1612.18% 11,218 NA NA NA NA 9.65% 12,990

S&P BSE MidCap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 9.31% 12,876Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 16.03% 15,250Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Growth@

29-Dec-1613.42% 11,342 NA NA NA NA 11.21% 13,520

S&P BSE MidCap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 9.31% 12,876Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 16.03% 15,250

BOTTOM 3 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 7 SCHEMES) Axis Equity Saver Fund - Regular Plan - Growth@@

14-Aug-1511.81% 11,181 7.97% 12,596 NA NA 7.26% 13,440

NIFTY Equity Savings Index (Benchmark) 11.08% 11,108 8.77% 12,879 NA NA 7.99% 13,830Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 9.63% 14,734Axis Equity Saver Fund - Direct Plan - Growth@@

14-Aug-1513.13% 11,313 9.24% 13,047 NA NA 8.54% 14,130

NIFTY Equity Savings Index (Benchmark) 11.08% 11,108 8.77% 12,879 NA NA 7.99% 13,830Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 12.66% 14,313 NA NA 9.63% 14,734

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

46

47

Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.16% / 0.65% / 0.11%, Axis Treasury Advantage Fund : 0.57% / 0.57% / 0.27%, Axis Banking & PSU Debt Fund : 0.59% / 0.29%, Axis Short Term Fund : 0.88% / 0.88%/ 0.27%, Axis Dynamic Bond Fund : 1.28% / 0.53%, Axis Gilt Fund : 0.66% / 0.20%, Axis Strategic Bond Fund : 1.01% / 0.35%, Axis Credit Risk Fund : 1.66% / 0.57%, Axis Arbitrage Fund : 0.99% / 0.27%, Axis Corporate Debt Fund : 1.04% / 0.28%, Axis Regular Saver* : 2.29% / 1.24%, Axis Long Term Equity Fund*: 1.72% / 0.92%, Axis Focused 25 Fund* : 1.95% / 0.66%, Axis Bluechip Fund* : 1.85% / 0.65%, Axis Triple Advantage Fund* : 2.34% / 1.10%, Axis Midcap Fund*: 2.04% / 0.63%, Axis Equity Saver Fund* : 2.37% / 1.06%, Axis Children’s Gift Fund* : 2.48% /1.07%, Axis Dynamic Equity Fund* : 1.98% / 0.60%, Axis Multi Cap Fund* : 1.99% / 0.54%, Axis Equity Hybrid Fund* : 2.03% / 0.62%, Axis Ultra Short Term Fund : 1.18% / 0.27%, Axis Growth Opportunities Fund* : 2.31% / 0.56% , Axis Small Cap Fund* : 2.23%/0.63%, Axis Overnight Fund : 0.16%/ 0.11%, Axis Money Market Fund : 0.30%/ 0.16%

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

Past performance may or may not be sustained in 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. Additional Benchmark of certain schemes have been changed w.e.f. September 30, 2018. The performance given above is for Other than Direct Plan unless specified.Past performance may or may not be sustained in the future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2,026.8434/- invested at inception for Axis Gold ETF and on Rs. 10/- invested at inception for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund since 7th June 2016 and Axis Emerging Opportunites Fund Series 1 and Series 2 since inception, Axis Growth Opportunities Fund since inception.Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception and Axis Multi-cap Fund since 20th November 2017.Anupam Tiwari is managing Axis Equity Saver Fund and Axis Small Cap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception, Axis Capital Builder Fund - Series 1 since 8th March 2018, Axis Capital Builder Fund - Series 4 since 21st December 2018Devang 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 and Axis Nifty 100 Index Fund since October 18th 2019, Axis Capital Builder Fund - Series 1 since 8th March 2018, Axis Equity Hybrid Fund since inception & all Axis Hybrid Funds since 7th March, 2019. Axis Capital Protection Oriented Fund – Series 5 since 7th March 2019.Aditya Pagaria is managing Axis Ultra short term fund since inception and Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Banking & PSU Debt Fund since 13th August, 2016, Axis Equity Advantage Fund Series - 1 since 26th May, 2017 & Axis Equity Advantage Fund Series - 2 since 7th March 2019, Axis Overnight Fund since inception .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.Viresh Joshi is managing Axis Arbitrage Fund since 7th March 2019Dhaval Patel managing Axis Credit Risk Fund since inception. Hitesh Das managing Axis Growth Opportunities Fund 22nd October 2019 @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.The following schemes have fundamental attribute changes w.e.f 14th Aug 2019 Axis Bluechip Fund, Axis Children’s Gift Fund, Axis Dynamic Equity Fund, Axis Equity Hybrid Fund, Axis Equity Saver Fund, Axis Focused 25 Fund, Axis Growth Opportunities Fund, Axis Midcap Fund, Axis Multicap Fund, Axis Regular Saver Fund, Axis Smallcap Fund, Axis Triple Advantage FundPursuant to Notice cum addendum dated July 4, 2019, fundamental attribute(s) of the aforementioned scheme have been changed with effect from August 14, 2019






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@

27-Feb-1711.21% 11,121 NA NA NA NA 8.70% 12,500

S&P BSE MidCap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 4.72% 11,313Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 13.04% 13,878Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan - Growth@

27-Feb-1712.56% 11,256 NA NA NA NA 10.28% 12,990

S&P BSE MidCap TRI (Benchmark) 2.73% 10,273 NA NA NA NA 4.72% 11,313Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 13.04% 13,878Axis Dynamic Equity Fund - Regular Plan - Growth@

01-Aug-178.96% 10,896 NA NA NA NA 5.63% 11,310

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 15.00% 11,500 NA NA NA NA 8.11% 11,918Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 8.84% 12,099Axis Dynamic Equity Fund - Direct Plan - Growth@

01-Aug-1710.56% 11,056 NA NA NA NA 7.35% 11,730

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 15.00% 11,500 NA NA NA NA 8.11% 11,918Nifty 50 TRI (Additional Benchmark) 15.93% 11,593 NA NA NA NA 8.84% 12,099

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 26 SCHEMES)Axis Gold ETF

10-Nov-1020.65% 12,065 6.56% 12,107 6.74% 13,861 5.94% 16,784

Domestic Price of Gold (Benchmark) 18.39% 11,839 8.00% 12,603 8.16% 14,805 6.19% 17,140Axis Gold Fund - Growth

20-Oct-1118.16% 11,816 4.66% 11,467 5.39% 13,004 2.33% 12,029

Domestic Price of Gold (Benchmark) 18.39% 11,839 8.00% 12,603 8.16% 14,805 3.49% 13,172Axis Gold Fund - Direct Plan - Growth

01-Jan-1318.47% 11,847 5.27% 11,670 6.35% 13,604 1.77% 11,274

Domestic Price of Gold (Benchmark) 18.39% 11,839 8.00% 12,603 8.16% 14,805 2.33% 11,702Axis Gilt Fund - Growth

23-Jan-1215.33% 11,533 6.59% 12,115 8.38% 14,958 7.45% 17,481

NIFTY All Duration G-Sec Index (Benchmark) 15.37% 11,537 7.33% 12,370 8.80% 15,252 8.12% 18,344Axis Gilt Fund - Direct Plan - Growth

01-Jan-1315.86% 11,586 7.12% 12,299 8.93% 15,338 8.02% 16,939

NIFTY All Duration G-Sec Index (Benchmark) 15.37% 11,537 7.33% 12,370 8.80% 15,252 7.98% 16,897BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 26 SCHEMES)

Axis Fixed Term Plan - Series 97 (1116D) - Regular Plan - Growth@

11-Sep-183.70% 10,370 NA NA NA NA 3.34% 10,380

50% CRISIL Composite Bond Fund Index + 50% CRISIL Short Term Bond Fund Index (Benchmark) 12.32% 11,232 NA NA NA NA 12.11% 11,388NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 8.22% 10,940Axis Fixed Term Plan - Series 97 (1116D) - Direct Plan - Growth@

11-Sep-183.89% 10,389 NA NA NA NA 3.53% 10,402

50% CRISIL Composite Bond Fund Index + 50% CRISIL Short Term Bond Fund Index (Benchmark) 12.32% 11,232 NA NA NA NA 12.11% 11,388NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 8.22% 10,940Axis Hybrid Fund - Series 33 - Regular Plan - Growth@@

09-Sep-163.51% 10,351 5.20% 11,648 NA NA 4.44% 11,464

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 14.21% 11,421 8.55% 12,800 NA NA 8.43% 12,896NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 NA NA 7.10% 12,406Axis Hybrid Fund - Series 33 - Direct Plan - Growth@@

09-Sep-164.40% 10,440 6.62% 12,127 NA NA 5.87% 11,965

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 14.21% 11,421 8.55% 12,800 NA NA 8.43% 12,896NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 NA NA 7.10% 12,406Axis Fixed Term Plan - Series 96 (1124D) - Regular Plan - Growth@

03-Sep-181.11% 10,111 NA NA NA NA 0.65% 10,075

50% CRISIL Composite Bond Fund Index + 50% CRISIL Short Term Bond Fund Index (Benchmark) 12.32% 11,232 NA NA NA NA 11.41% 11,333NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 8.13% 10,948Axis Fixed Term Plan - Series 96 (1124D) - Direct Plan - Growth@

03-Sep-181.39% 10,139 NA NA NA NA 0.93% 10,108

50% CRISIL Composite Bond Fund Index + 50% CRISIL Short Term Bond Fund Index (Benchmark) 12.32% 11,232 NA NA NA NA 11.41% 11,333NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 NA NA NA NA 8.13% 10,948

BY FUNDS MANAGED BY VIRESH JOSHI (TOTAL SCHEMES MANAGED : 1 SCHEME)Axis Arbitrage Fund - Regular Plan - Growth

14-Aug-146.19% 10,619 6.10% 11,949 6.42% 13,652 6.49% 13,879

Nifty 50 Arbitrage Index (Benchmark) 6.53% 10,653 5.26% 11,668 6.09% 13,441 6.14% 13,647NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 14,632Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-146.94% 10,694 6.93% 12,232 7.28% 14,214 7.35% 14,478

Nifty 50 Arbitrage Index (Benchmark) 6.53% 10,653 5.26% 11,668 6.09% 13,441 6.14% 13,647NIFTY 1 Year T-Bill Index (Additional Benchmark) 8.03% 10,803 7.09% 12,288 7.48% 14,349 7.57% 14,632

BY FUNDS MANAGED BY DHAVAL PATEL (TOTAL SCHEMES MANAGED : 1 SCHEME)Axis Strategic Bond Fund - Growth

28-Mar-127.96% 10,796 7.04% 12,270 8.41% 14,981 8.64% 18,765

NIFTY Medium Duration Debt Index (Benchmark) 12.30% 11,230 7.36% 12,381 8.47% 15,018 8.85% 19,043NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.84% 17,747Axis Strategic Bond Fund - Direct Plan - Growth

07-Jan-138.68% 10,868 7.74% 12,514 9.28% 15,586 9.24% 18,268

NIFTY Medium Duration Debt Index (Benchmark) 12.30% 11,230 7.36% 12,381 8.47% 15,018 8.47% 17,407NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 13.89% 11,389 6.17% 11,973 8.32% 14,916 7.24% 16,106

48

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 year and tax benefit)This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instrumentsAXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investing predominantly in equity & equity related instruments of Mid Cap companies. AXIS MULTICAP FUND (An open ended equity scheme investing across large cap, mid cap, small cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over medium to long terml Investment in a diversified portfolio consisting of equity and equity related instruments across market capitalization.AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long term l Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded fundsAXIS REGULAR SAVER FUND (An open ended hybrid scheme investing predominantly in debt instruments) This product is suitable for investors who are seeking*l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold) This product is suitable for investors who are seeking* l Capital Appreciation over medium to long terml Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking errorAXIS GOLD FUND (An open ended fund of fund scheme investing in Axis Gold ETF) This product is suitable for investors who are seeking*l Capital Appreciation over medium to long terml Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking errorAXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) This product is suitable for investors who are seeking* l Capital Appreciation while generating income over medium to long terml Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instrumentsAXIS CHILDREN’S GIFT FUND (An open ended fund for investment for children, having a lock-in of 5 years or till the child attains age of majority (whichever is earlier)) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund) This product is suitable for investors who are seeking* l Capital appreciation & generating income over medium to long terml Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocationAXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investments in Equity & Equity related instruments covered by Nifty 50 IndexAXIS EQUITY HYBRID FUND (An open-ended hybrid scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* l Capital appreciation along with generation of income over medium to long term. l Investment in equity and equity related instruments as well as debt and money market instruments.AXIS SMALL CAP FUND (An open ended equity scheme predominantly investing in small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long term. l investment in a diversified portfolio predominantly consisting of equity and equity related instruments of small cap companies.AXIS GROWTH OPPORTUNITIES FUND (An Open-ended Equity Scheme investing in both large cap and mid cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long term. l investment in a diversified portfolio predominantly consisting of equity and equity related instruments both in India as well as overseas.AXIS EQUITY ADVANTAGE FUND SERIES 1 (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over medium to long term. l Investment in a diversified portfolio of predominantly equity and equity related instruments across market cap while managing risk through active hedging strategiesAXIS EQUITY ADVANTAGE FUND SERIES 2 (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investment in a diversified portfolio of predominantly equity and equity related instruments across market cap while managing risk through active hedging strategiesAXIS EMERGING OPPORTUNITIES FUND – SERIES 1 (1400 DAYS) (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of equity and equity related instruments of midcap companies.AXIS EMERGING OPPORTUNITIES FUND – SERIES 2 (1400 DAYS) (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of equity and equity related instruments of midcap companies.AXIS CAPITAL BUILDER FUND – SERIES 4 (1582 DAYS) (A close ended equity scheme investing across large caps, mid caps and small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of predominantly equity and equity related instruments across market capitalisation.AXIS CAPITAL BUILDER FUND – SERIES 1 (1540 DAYS) (A close ended equity scheme investing across large caps, mid caps and small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investment in a diversified portfolio of predominantly equity and equity related instruments across market capitalisation.AXIS HYBRID FUND – SERIES 5 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instruments.AXIS HYBRID FUND – SERIES 6 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS HYBRID FUND – SERIES 7 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS NIFTY 100 INDEX FUND (An Open Ended Index Fund tracking the NIFTY 100 Index) This product is suitable for investors who are seeking* l Long term wealth creation solutionl An index fund that seeks to track returns by investing in a basket of Nifty 100 Index stocks and aims to achieve returns of the stated index, subject to tracking error

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH

Moderate ModeratelyHighModerately

Low

HighLow

49

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

PRODUCT LABELLING

AXIS HYBRID FUND – SERIES 31 (1381 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments



AXIS CAPITAL PROTECTION ORIENTED FUND - SERIES 5 (A Close Ended Capital Protection Oriented Fund scheme) This product is suitable for investors who are seeking* l Capital appreciation with low risk of capital loss over long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GILT FUND (An open ended debt scheme investing in government securities across maturity) This product is suitable for investors who are seeking*l Credit risk free returns over medium to long terml Investment mainly in Government securities across maturities AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) This product is suitable for investors who are seeking*l Optimal returns over medium to long terml To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instrumentsAXIS CORPORATE DEBT FUND (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) This product is suitable for investors who are seeking* l Regular income over short to medium - terml Predominantly investing in corporate debtAXIS STRATEGIC BOND FUND (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)This product is suitable for investors who are seeking* l Optimal returns over medium terml Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidityAXIS ARBITRAGE FUND (An open ended scheme investing in arbitrage opportunities) This product is suitable for investors who are seeking* l Income over short to medium terml Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS CREDIT RISK FUND (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) This product is suitable for investors who are seeking* l Stable returns in the short to medium terml Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years)This product is suitable for investors who are seeking* l Regular income while maintaining liquidity over short term l Investment in debt and money market instrumentsAXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions)This product is suitable for investors who are seeking*l Regular income over short to medium terml Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 to 12 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in debt and money market instrumentsAXIS ULTRA SHORT TERM FUND(An open ended ultra-short term debt scheme investing in instruments such that the Macaulayduration of the portfolio is between 3 months and 6 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.AXIS MONEY MARKET FUND (An open ended debt scheme investing in money market instruments)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Money Market instruments with maturity up to one yearAXIS 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

AXIS OVERNIGHT FUND (An open-ended debt scheme investing in overnight securities)This product is suitable for investors who are seeking*l Regular income with high levels of safety and liquidity over short term.l Investment in debt and money market instruments with overnight maturity

Riskometer

Investors understand that their principal will beat moderately low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderate risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH


Low

HighLow

the rate are applicable for the financial year 2019-20 as per … · 2019. 11. 14. · the rate are...

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