Axis Strategic Bond Fund

Axis Strategic Bond Fund(An open ended medium term debt scheme investing in instruments such that the

Macaulay duration of the portfolio is between 3 years to 4 years)

Fixed Income Market Update

2

Key Rates

Repo Rate 4%

Reverse Repo Rate 3.35%

Marginal Standing Facility 4.25%

Source: RBI Governor’ statement, & RBI Monetary Policy dated 4th December 2020, Axis MF Research

– RBI Governor’s Speech

Status Quo

RBI Policy

Continue accommodative stance of monetary policy as long as necessary – at least through the current financial year and into the next year – to revive growth

“”

• India’s real and nominal GDP fell 7.5% and 4.0% YoY in 2QFY21.

• The fiscal deficit for April to October reached 120% of the budgeted amount for FY21.

Data as of 30th November 2020Source: CMIE, CLSA, Citi, Axis MF Research

The Worst is behind us Unemployment Rates Have Normalized

Q2 GDP – Recovery In Progress

4

0

5

10

15

20

25

30

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

Total Unemployment Rate Unemployment Rate: Urban

High Frequency Numbers Also Point to a sequential recovery

• Manufacturing PMI records expansion for fourth month even as it moderated to 56.3 in Nov from 58.9 in Oct.

• Power demand increased by 3.5%YoY in November, at a slower pace than October (12%YoY), partly due to festival-related holidays.

• GST collections for November has remained steady at Rs 1.05 lakh cr.

• Rail freight grew by 12.4%YoY in Nov vs 15% in Oct.

• E-way bills for Nov were up 7.3%YoY vs. 21% in Oct.

Data as of 30th November 2020

Source: Ministry of Power, GST Council, CEIC, Morgan Stanley Research, Axis MF Research

-35%

-25%

-15%

-5%

5%

15%

-100%

-80%

-60%

-40%

-20%

0%

20%

40%

60%

Fe

b-2

0

Ma

r-20

Apr-

20

Ma

y-2

0

Ju

n-2

0

Ju

l-2

0

Aug

-20

Sep

-20

Oct-

20

Nov-2

0

Exports GST Collections

Two Wheeler Sales Passenger Vehicles

Power Demand, RS Rail Freight, RS

Supply shocks push inflation above key threshold

Inflation – A Concern?

6

• CPI inflation for the month of October 2020 stood at 7.61%.

• Key drivers of inflation continue to remain essential commodities including food and diesel. Food inflation stood at 11.1%.

• Core inflation rose to 5.5%. The spike is driven primarily by supply shortages.

• RBI policy action has been factoring the spike in inflation.

• The belief however remains that a robust kharif crop and dissipating supply constraints should be sufficient to tame food inflation

Source: Bloomberg, Axis MF Research. Data as of 10th December 2020

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Oct-15 Oct-16 Oct-17 Oct-18 Oct-19 Oct-20

CPI Inflation above RBI Threshold

CPI Inflation Lower Band Higher Band

The Road to Recovery

Economy Snapshot

7

Indicators Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20

CMIE Unemployment* 7.4% 23.8% 21.1% 20.2% 8.6% 8.2% 8.1% 5.8% 6.8% 7.5%

All Passenger Vehicles Registration, YoY% ** 15.6% 13.1% -95.0% -79.1% -31.7% -5.4% 19.8% 25% 8.6% 14.8%

E-Way Bills, YoY% 14.3% -25.6% -83.6% -53.0% -12.7% -7.3% -3.5% 9.6% 21.0% 7.3%

Congestion Levels*** -78% -79% -78% -68% -58% -46% -41% -35% -35%

Power Demand, YoY% ** 7.1% -8.9% -23.7% -16.7% -10.4% -2.7% -2.1% 4.6% 12% 3.5%

Credit Growth, YoY % 6.1% 6.1% 6.8% 6.2% 6.2% 5.7% 5.5% 5.1% 5.1% 5.7%

Rail Freight, YoY% 6.5% -13.9% -35.3% -21.3% -7.7% -4.6% 4% 16% 15% 12.4%

Fuel Consumption, (YoY%) 8.8% -20.3% -58.0% -32.4% -14.5% -14.8% -14% -1.3% 6.0% -1.1%

GST Collections (In Rs Lakh Cr) 1.05 0.98 0.32 0.62 0.91 0.87 0.86 0.95 1.05 1.05

GST Collections, YoY% 8.3% -8.4% -71.6% -38.2% -9.0% -14.4% -12.0% 3.4% 10.3% 1.5%

Manufacturing PMI 54.5 51.8 27.4 30.8 47.2 46.0 51.9 56.8 58.9 56.3

Two Wheelers Sales, YoY% -20% -49% -100% -82% -29% -7% 4% 13% 35% 15%

Passenger Vehicles Sales, YoY% -13% -54% -100% -89% -58% 0% 26% 37% 20% 9%

Services PMI 57.5 49.3 5.4 12.6 33.7 34.2 46 49.8 54.1

E-Way Bills (mn) 57.2 40.7 8.6 25.5 43.4 48.3 49.4 57.4 64.2

Fastags (mn) 110.1 84.6 10.3 55.2 81.9 86.6 96.8 110.1 122.4

Tractor Sales, YoY% 5% -38% -84% 1% 20% 36% 65% 28% 9%

Fertilizer Sales, YoY% 2.9% -11.8% -4.5% 7.5% 4.2% 6.9% 7.3% -0.4% 6.3%

Data as of 30th November 2020Source: GSTN, CEIC, Haver Analytics, CRISIL, Tom Tom, PPAC, Vaahan Vehicle Registration, Morgan Stanley Research, Axis MF ResearchNote:*: Month end value for CMIE Unemployment is taken.**: Monthly average value for PV Registration and Power Demand are calculated.***: Congestion Levels are the difference in peak hour congestion levels in 2020 from 2019. Fuel consumption data is from newsflow. E-Way Bills YoY% based on data till Nov 29.

Themes To Play

8

Short strategies have been the clear gainers till now

Retracing the Yield Curve Shift

9

5.99

6.39

6.796.99

7.71

3.623.80

4.51

5.35

6.53

3.00

3.50

4.00

4.50

5.00

5.50

6.00

6.50

7.00

7.50

8.00

3 Month 1 Year 3 Year 5 Year 10 Year

AAA Yield Curve - 31/10/2019 AAA Yield Cuve - 8/12/2020

Source: Bloomberg, Axis MF Research

258 bps

228 bps

163 bps

117 bps

237 bps

Liquidity Remains Significantly Surplus

10

Source: Bloomberg, Axis MF Research. Data as on 30th November 2020

-2

0

2

4

6

8

Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20

In R

s L

akh

Cro

re

Surplus Banking Liquidity continues to keep transmission levels healthy

• While the RBI has cut rates, transmission continues to

take place with a lag

• Relative to the 3 Year space, spreads continue to remain

elevated on 10 Year AAA’s

• Compression in yields likely to remain a dominant theme

• Relatively, Bonds continue to trade at pre RBI cut levels.

• Fiscal risks make roll down corporate bond strategies

especially attractive

Attractive ‘Carry’ Play

Long Bonds

11

Source: Bloomberg, Axis MF ResearchData as of 30th November 2020

-50

0

50

100

150

200

250

Nov-17 May-18 Nov-18 May-19 Nov-19 May-20 Nov-20

3x10 Year Spreads remain historically high

• Compression theme evident on select AA names.

• Compression evident as fears of downgrades and

defaults recede.

• AA space make for an attractive accrual play for investors

with risk appetite

• Investors must remain vigilant and focus on portfolio

granularity and liquidity while identifying investment

opportunities

Short duration AA assets attractively valued

Credits – Time to Reconsider?

12

Source: Bloomberg, Axis MF Research, Data as on 10th December 2020

40

60

80

100

120

140

160

Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20

3 Year AA’s trade ~100 bps above comparable AAA’s

Compression

has started

Spreads rose as weak

macro drives

downgrade/default risks

0%

5%

10%

15%

20%

25%

-1.0% -0.5% 0.0% 0.5% 1.0%

Perc

en

t o

f o

utc

om

es

Relative Performance

Return Profile of Credit Risk Funds

Market Event

Understanding Risk is Key to Managing Risk

Managing Credit Risk

13

Source: ACE MF, Axis MF Internal Research. Returns computed represent excess returns over High quality (AAA/AA+) portfolios. The period of research is June 2010 to July 2020. Excess returns are computed basis monthly rolling returns of all credit risk funds in the industry as of May 2020. Past performance may or may not be sustained in the future.

• Credits as an asset class have the potential to reward long

term investors consistently over long investment periods

• During normal markets, the credit risk category has

outperformed the short term category

• However, when things go wrong, the under performance

can be stark, as evidenced by the sharp kink in the left tail

• Key to managing a good credit portfolio is to avoid

mistakes

Normal Market

Conditions

Discipline is the key

Investing in Credits

14

Strategy followed is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets.

• Cautious at selecting sectors

• Diversifying the exposure to

manage potential risk

• Strict issuer/ rating limits

• Pure ‘carry’ play with buy and hold

approach

• No active duration call in lower

rated papers

• Look at credit exposure only

during favorable valuation

scenario

DiversificationCredit play different

from duration playValuation

Axis Strategic Bond Fund

15

• Historically, the fund as part of its investment mandate aims to invest 40-

60% in AAA bonds with overall portfolio duration target range of 3- 4

years.

• Given the heightened macro economic uncertainty the fund has pivoted

its exposure to higher rated securities (Sov/AAA) while keeping the

maturity profile unchanged.

• The portfolio design should help generate stable returns while bringing

down volatility relative to a longer duration fund. Currently, the fund has

duration of 3.3 years.

Portfolio Construct


16

As on 30th November 2020Strategy followed is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets. Please refer to Scheme Information Document (SID) for detailed asset allocation and investment strategy.

We follow a clearly defined process targeting Risk

Approach to ‘Credits’

17

Well researched credit universe

• Based on Liquidity analysis, In-depth review of company financials and regular interactions with the management

Spread the exposure across sectors

• Very cautious at selecting sectors

• Diversifying the exposure to manage potential risk

Lower maturity credits

• Pure accrual play with buy and hold approach

• No active duration call in lower rated papers

Exposure Limits

• Strict internal limits at issuer level and rating level

Increased exposure to SOV/AAA amidst credit caution

Current Portfolio Strategy

18

Allocation & maturity is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets. This should not be taken as an indication of thereturns 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. #HighRated Papers refers to instruments which are rated AAA/A1+ & equivalent or G-sec.

Rating 30th November 2020 Current Target*

Sovereign/ AAA & equivalent# 51% 50-60%

AA(+/-) 39% 40-50%

A(+/-) 3% 0-5%

Core book of Corporate Bonds

Expected Credit Quality*

51% : AAA/A1+

42% : Sub AAA

Medium term horizonInvests across rating

curve

Average Maturity in the range of

2-4 years

• Tight Duration Range (3 years)

• Stringent credit review

• Control credit risk through diversification and strict limits on issuer weighting based on rating

Risk Mitigation Framework

Risk Management

19

Strategy followed is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets.

Sector

• Controlled through diversification and stringent review of investable sectors;

• Regulatory limits on sector Exposure

Credit

• Focus on High Quality Issuer

• Investment universe based on credit research

Diversification

• Exposure to each issuer limited by its rating

Duration

• Strictly adhere to duration limits specified by the investment mandate & investment policy

Liquidity

• Liquidity/impact cost part of security selection/portfolio construction.

Optimize balance of credit quality, returns and liquidity

30th November 2020

Portfolio Facts

20

Data is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets. Please refer to the factsheet / visit www.axismf.com for fullportfolio details of the scheme. $AAA & Equivalent includes AAA/A1+-rated papers.

Features Axis Strategic Bond Fund

Category Medium Duration Fund

Average Maturity 4.9 years

Macaulay

Duration 3.5 years

Modified Duration 3.3 years

YTM (%) 6.77%

Asset Mix

Corporate Bond 63.77%

Government Bond 19.91%

Pass Through Certificate 3.84%

Zero Coupon Bond 4.87%

Net Current Assets 7.61%

Rating Mix

Sovereign/ AAA & equivalent$: 50.51%

AA+: 8.89%

AA: 21.58%

AA-: 8.70%

A+: 2.70%

Net Current Assets: 7.61%

Maturity Buckets Axis Strategic Bond Fund

0-1 years 24.7%

1-3 years 19.3%

3-5 years 10.6%

Above 5 Years 45.4%

Highly Diversified Corporate Bond Portfolio With Tight Position Limits

Portfolio Granularity

21

Data is based on the current market conditions and is subject to changes depending on the fund manager’s view of the markets. Please refer to the factsheet / visit www.axismf.com for fullportfolio details of the scheme Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation.The fund manager(s) may or may not choose to hold the stock mentioned, from time to time.

Top 10 Non-AAA constitute 26% of the portfolio. Total non-AAA exposure is 39%

Top 10 Non- AAA exposures (30th November 2020)

Top 10 sub AAA holdings Rating Total

Punjab National Bank CRISIL AA+ 3.49%

PVR Limited CRISIL AA 2.89%

Pune Solapur Expressway Pvt Ltd (Backed by Tata Realty and

Infrastructure Limited)ICRA AA(CE) 2.49%

JK Cement Limited CARE AA 2.45%

Nuvoco Vistas Corporation Limited CRISIL AA 2.45%

Shriram Transport Finance Company Limited CRISIL AA+ 2.44%

IndoStar Capital Finance Limited CARE AA- 2.42%

Nirma Limited CRISIL AA- 2.39%

Tata Power Company Limited CRISIL AA 2.36%

Bank of Baroda CARE AA 2.30%

Key upgrades & downgrades in the portfolio since inception

Rating Changes

22

Source: ICRA, CRISIL. Past performance may or may not be sustained in future. Data as of 30th November 2020Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time.

Upgrades Downgrades

Edelweiss Commodities Limited (CRISIL AA- to CRISIL AA) Vodafone India (IND AAA to IND AA+)

IIFL Finance Limited (CRISIL AA- to CRISIL AA) Tata Power Company Limited (ICRA AA to ICRA AA-)

Hinduja Leyland Finance Limited (CARE A+ to CARE AA-) IDFC Bank Limited (IND AAA to IND AA+;other rating ICRA AAA)

Indiabulls Housing Finance Limited (CRISIL AA+ to CRISIL AAA) JK Lakshmi Cement (CARE AA to CARE AA-)

Solstice Trust (A to AA-) Hansdeep Industries & Trading (CARE AA (SO) to CARE AA- (SO))

Cholamandalam Investment & Finance (ICRA AA to ICRA AA+) Bharti Airtel (CRISIL AA+ to CRISIL AA)

Yes Bank Limited CARE AA+ to CARE AAA (other rating ICRA AA+) Dewan Housing (AA- to A)

Ess Kay Fincorp Limited CARE BBB+ to IND A (SO) PNB (AA- to A+)

Jubilant Life Sciences Limited CRISIL AA (earlier rated IND AA-) Syndicate Bank (AA- to A+)

SREI Equipment Finance Limited CARE AA- to CARE AA Edelweiss Rural and Corporate Services Limited (CARE AA- to CARE A+

Tata Capital & Tata Capital Housing : CRISIL AA+ to CRISIL AAA IDFC First Bank Limited (CARE AA+ to CARE AA)

Solstice Trust : ICRA A+ to ICRA AA-

Piramal Housing and Capital :ICRA AA to ICRA AA+

Aditya Birla Housing Finance :ICRA AA+ to ICRA AAA

Jubilant Life Sciences: IND AA- to IND AA

Subros Limited: ICRA A+ to ICRA AA-

Zenith Trust: A-(SO) to ICRA A(SO)

L & T Finance (AA+ to AAA)

NRB Bearings (AA- to AA-/Positive)

JSW Steel (AA- to AA)

Punjab National Bank (AT1 bonds rating CARE A+ to CARE AA-)

30th November 2020

Performance

23

Past performance may or may not be sustained in future. Since inception (28th March 2012). Different plans have different expense structure. Devang Shah is managing the scheme since 5th

November 2012 and he manages 20 schemes of Axis Mutual Fund. Dhaval Patel is managing 2 Schemes since 1st June 2018 of Axis Mutual Fund. Returns greater than 1 year are CompoundedAnnual Growth Rates (CAGR). Inception date of the fund 28th March 2012. Please refer to annexure for all schemes managed by the fund manager'

1 Year 3 Year 5 Year Since Inception

CAGR

(%)

Current Value

of investment of

Rs. 10,000

CAGR

(%)

Current Value

of investment

of Rs. 10,000

CAGR

(%)

Current Value

of investment

of Rs. 10,000

CAGR

(%)

Current Value

of investment

of Rs. 10,000

Axis Strategic Bond Fund - Regular

Plan - Growth10.22% 11,019 7.90% 12,556 8.61% 15,109 8.85% 20,871

NIFTY Medium Duration Debt Index

(Benchmark)12.46% 11,242 9.32% 13,057 9.08% 15,437 9.30% 21,619

NIFTY 10 yr Benchmark G-Sec

(Additional Benchmark)8.18% 10,816 7.48% 12,411 7.91% 14,627 7.86% 19,273

Annexures, Disclaimers & Risk Factors

24

Return of schemes managed by Dhaval Patel (Total Schemes Managed: 2 Scheme) (As on 30th November 2020)

Fund NameDate of

inception

1 Year 3 Years@ 5 Years@@ Since Inception

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Strategic Bond Fund - Regular Plan -

Growth

28-Mar-12

10.22% 11,019 7.90% 12,556 8.61% 15,109 8.85% 20,871


(Benchmark)12.46% 11,242 9.32% 13,057 9.08% 15,437 9.30% 21,619

NIFTY 10 yr Benchmark G-Sec (Additional

Benchmark)8.18% 10,816 7.48% 12,411 7.91% 14,627 7.86% 19,273

Axis Strategic Bond Fund - Direct Plan -

Growth

7-Jan-13

10.99% 11,096 8.64% 12,816 9.38% 15,654 9.50% 20,471


(Benchmark)12.46% 11,242 9.32% 13,057 9.08% 15,437 9.01% 19,761

NIFTY 10 yr Benchmark G-Sec (Additional

Benchmark)8.18% 10,816 7.48% 12,411 7.91% 14,627 7.34% 17,491

Axis Credit Risk Fund - Regular Plan - Growth

15-Jul-14

8.11% 10,808 5.97% 11,895 6.95% 13,989 7.63% 15,977

NIFTY Credit Risk Bond Index (Benchmark) 10.86% 11,083 8.92% 12,916 9.04% 15,412 9.48% 17,817

NIFTY 1 Year T-Bill Index (Additional

Benchmark)6.37% 10,635 7.04% 12,260 7.05% 14,055 7.40% 15,759

Axis Credit Risk Fund - Direct Plan - Growth

15-Jul-14

9.28% 10,926 7.23% 12,326 8.27% 14,872 8.87% 17,189

NIFTY Credit Risk Bond Index (Benchmark) 10.86% 11,083 8.92% 12,916 9.04% 15,412 9.48% 17,817


Benchmark)6.37% 10,635 7.04% 12,260 7.05% 14,055 7.40% 15,759

SEBI Prescribed Performance Annexures

Annexure

25Refer slide 30 for disclaimer.


Annexure


Return of schemes managed by Devang Shah (Total Schemes Managed: 20 Scheme) (As on 30th November 2020)

Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Top 3 Schemes

Axis Gold Fund - Regular Plan - Growth20-Oct-11

27.95% 12,787 17.88% 16,366 12.55% 18,051 4.62% 15,085

Domestic Price of Gold (Benchmark) 27.82% 12,774 17.36% 16,151 13.61% 18,918 5.63% 16,477

Axis Gold Fund - Direct Plan - Growth1-Jan-13

28.37% 12,828 18.33% 16,555 13.27% 18,637 4.52% 14,189


Axis Gold ETF10-Nov-10

26.66% 12,658 17.37% 16,152 12.25% 17,818 7.56% 20,806


Axis Gilt Fund - Regular Plan - Growth23-Jan-12

12.80% 11,277 9.52% 13,130 9.01% 15,390 8.01% 19,786

NIFTY All Duration G-Sec Index (Benchmark) 11.18% 11,115 9.72% 13,200 9.15% 15,490 8.45% 20,503

Axis Gilt Fund - Direct Plan - Growth1-Jan-13

13.36% 11,115 10.06% 13,324 9.56% 15,780 8.65% 19,273

NIFTY All Duration G-Sec Index (Benchmark) 11.18% 11,118 9.72% 13,200 9.15% 15,490 8.37% 18,886


Annexure


Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Bottom 3 Schemes

Axis Money Market Fund - Regular Plan -

Growth

6-Aug-19

6.39% 10,637 NA NA NA NA 6.86% 10,910

NIFTY Money Market Index (Benchmark) 5.34% 10,532 NA NA NA NA 5.63% 10,745


Benchmark)6.37% 10,635 NA NA NA NA 6.71% 10,889

Axis Money Market Fund - Direct Plan -

Growth

6-Aug-19

6.54% 10,652 NA NA NA NA 7.02% 10,931

NIFTY Money Market Index (Benchmark) 5.34% 10,532 NA NA NA NA 5.63% 10,745


Benchmark)6.37% 10,635 NA NA NA NA 6.71% 10,889

Axis Liquid Fund - Regular Plan - Growth

9-Oct-09

4.47% 10,448 6.22% 11,986 6.62% 13,780 7.54% 22,500

NIFTY Liquid Index (Benchmark) 4.40% 10,441 6.10% 11,947 6.45% 13,673 7.47% 22,340


Benchmark)6.35% 10,637 7.03% 12,263 7.04% 14,059 6.88% 21,010

Axis Liquid Fund - Direct Plan - Growth

31-Dec-12

4.53% 10,454 6.28% 12,006 6.68% 13,824 7.52% 17,765



Benchmark)6.35% 10,637 7.03% 12,263 7.04% 14,059 7.41% 17,612


Annexure


Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Bottom 3 Schemes

Axis Liquid Fund - Retail Plan - Growth

1-Mar-10

3.99% 10,401 5.68% 11,805 6.06% 13,427 7.18% 21,080



Benchmark)6.35% 10,637 7.03% 12,263 7.04% 14,059 7.00% 20,707

Axis Arbitrage Fund - Regular Plan - Growth

14-Aug-14

3.99% 10,397 5.41% 11,711 5.70% 13,191 6.06% 14,479

Nifty 50 Arbitrage Index (Benchmark) 2.36% 10,235 4.55% 11,427 4.90% 12,702 5.50% 14,008


Benchmark)6.37% 10,635 7.04% 12,260 7.05% 14,055 7.37% 15,646

Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-14

4.75% 10,474 6.21% 11,978 6.53% 13,716 6.91% 15,224

Nifty 50 Arbitrage Index (Benchmark) 2.36% 10,235 4.55% 11,427 4.90% 12,702 5.50% 14,008


Benchmark)6.37% 10,635 7.04% 12,260 7.05% 14,055 7.37% 15,646

Past Performance may or may not be sustained in future.

@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 5years period has not been provided, since scheme is in existence for less than 5 years.

Data As on 30th November 2020.

Calculations are based on Regular Plan - Growth Option NAV and Direct Plan – Growth Option NAV, as applicable. Face Value per unit : Rs. 1,000/- for AxisLiquid Fund, Axis Treasury Advantage Fund, Axis Money Market Fund, Axis Overnight Fund and Axis Banking & PSU Debt Fund, Rs. 1/- for Axis Gold ETF andRs. 10/- for all other schemes. Different plans have different expense structure. Face value is Rs. 10 per unit.

The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Top 3 and Bottom 3 schemes (based on 1year performance) managed by Devang Shah has been provided herein.

Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund , Axis Money Market Fund, Axis Strategic Bond Fund and Axis Short TermFund, Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver Fund (Debt portion), Axis GoldFund, 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 AxisCorporate Debt Fund since 13th July 2017.

Dhaval Patel is managing Axis Strategic Bond Fund since 1st June 2018 and Axis Credit Risk Fund since 4th September 2020.

Performance disclaimer

29

Fund Name Riskometer Product Labelling

Axis Liquid Fund

(An open ended liquid scheme)

This product is suitable for investors who are seeking*

Regular income over short term

Investment in debt and money market instruments

Axis Money Market Fund

(An open ended debt scheme investing in money

market instruments)


Regular income over short term

Investment in money market instruments with

maturity up to one year

Product Labelling

30

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



(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)


• Optimal returns over medium term

• Investment in diversified portfolio of debt and money

market securities to generate optimal risk adjusted

returns while maintaining liquidity.

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*:

• Stable returns in the short to medium term

• Investment in debt and money market instruments

across the yield curve and credit spectrum.

Axis Arbitrage Fund

(An open ended scheme investing in arbitrage

opportunities)


Income over short to medium term

Investment in arbitrage opportunities in the cash &

derivatives segment of the equity market

Axis Gilt Fund

(An open ended debt scheme investing in

government securities across maturity)


Credit risk free returns over medium to long term

Investment mainly in Government securities across

maturities

Product Labelling

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Axis Gold Fund

(An open ended fund of fund scheme investing in

Axis Gold ETF)


• Capital Appreciation over medium to long term

• Invests predominantly in Axis Gold ETF in order to

generate returns similar to the underlying fund,

subject to tracking error

Axis Gold ETF

(An open ended scheme replicating/tracking

Domestic Price of Gold)


• Capital Appreciation over medium to long term

• Invests predominantly in gold in order to generate

returns similar to the performance of gold, subject to

tracking error

Product Labelling

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Data updated As on 30th November 2020

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

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd.(liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (theAMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Thisdocument represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision.Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associatesshall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Norepresentation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. TheAMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

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

Statutory Details and Risk Factors

33

Thank You

Axis Strategic Bond Fund

Documents

Transcript of Axis Strategic Bond Fund