SAVE TAX RESPONSIBLY DON’T JUST SAVE TAX, BUT ALSO …...*ELSS investment is subject to lock-in...

MONTHLY FACTSHEET - DECEMBER 2018

*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.

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.

Save up to 46,800

in taxes**

`

Claim deduction up to 1.5 lakhs u/s 80C of the Income

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` Potential to create

wealth since money is invested in

equities

One of the lowest

lock-in period of 3 years

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TAX RECKONER 2018-19

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

6

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

Axis Arbitrage Fund 35

Fixed Income Outlook 15Axis Liquid Fund 16

Axis Dynamic Bond Fund 20

Axis Strategic Bond Fund 22Axis Credit Risk Fund 23

Axis Banking & PSU Debt Fund 25

Axis Equity Saver Fund 27

Axis Regular Saver Fund 32

Axis Children’s Gift Fund 33Axis Triple Advantage Fund 34

Axis Treasury Advantage Fund 18Axis Short Term Fund 19

Axis Gilt Fund 24

Tax Reckoner 2

Axis Corporate Debt Fund 21

Axis Dynamic Equity Fund 29

Hybrid Outlook 26

Axis Multicap Fund 12

Axis Ultra Short Term Fund 17

Axis Equity Hybrid Fund 31

Axis Small Cap Fund 13Axis Growth Opportunities Fund 14

I N D E X

NAV’s

Load Structure And Minimum Investment Amount

Annexure

Expense Ratios

Product Labeling

38

40

41

43

44

36SIP Performance Of Selected Schemes

EQUITYJ A N U A R Y 2 0 1 9

RESPONSIBLE INVESTING – TIP FOR THE MONTH

3.2%

0.1%

11.5%

QUICK TAKE

KEY HIGHLIGHTS

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

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

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

MARKETS

CORPORATE

GLOBAL

Equity Markets closed the year with a minor negative bias for the month. Frontline indices S&P BSE Sensex & NIFTY 50 were down -0.3% and -0.1% respectively. For the year however, the indices remained positive up 5.9% and 3.1% respectively. Mid and small caps saw a positive month after a year of heightened volatility. NIFTY Midcap 100 Index & NIFTY Small cap 100 Index were up 2.1% & 3.7% respectively for the month.

Foreign Portfolio Investors (FPI) showed renewed faith adding to their holdings across equity and debt markets in the latter half of the calendar year as India continued to remain a favourable destination for foreign money in an otherwise uncertain EM basket. Additions in November & December 2018 cumulatively amounted to Rs. 19,484 Cr. For the year however, FPI’s were net sellers as part of a wider negative bias towards the EM basket. Domestic mutual fund inflows continue to remain strong as retail sentiment in equities remained positive despite the market correction. SIP inflows for the month of November stood at Rs 7,985 Cr.

Consumer price inflation eased further to 2.3% in November V/s 3.4% (Revised) in October. Benign food inflation and softening crude prices remained key reasons despite attempts by the government to prop up crop prices through hikes in MSP earlier this year. Core inflation, however, remained steady at 5.7% in November. Favourable base on account of last year’s Diwali stock up led to a jump in IIP numbers at 8.1%.

Crude continued its downward descent with a fall of 7.7% for the month to US$54.2/barrel. This will be the 1st year since 2015 where crude will see an annual decline in prices. Large production increases by the US have exasperated the global crude market as concerns of a supply glut continue to add to pressures on crude prices. The US became the largest crude producer in the world earlier this year. Crude prices are widely expected to remain muted given geo political tensions. The India crude basket ended the month below the US$ 53/barrel down 19% for the calendar year. Low crude augers well for India given the upcoming elections and pressure on the fiscal deficit.

On the global front, hostilities remained high between US, its allies and China as concerns over data privacy and failure to close a trade deal

with China raised concerns for the new year. Amidst this, the US government went into partial shutdown mode as Democrats won control of the house after the US midterm elections and now look to oppose many of Mr. Donald Trump’s policies. Brexit and concerns over labour riots in France are likely to keep Europe on edge over the coming months.

The true test of any portfolio is in times of market uncertainty. Our focus has remained on alpha generation and fundamentals of our investee companies. Amidst heightened volatility, we believe our portfolios have remained relatively sheltered as we have effectively managed our exposure to high beta and at times taken cash calls in select portfolios. Our focus continues to remain on quality as we are cautiously optimistic on markets over the medium term. The markets have seen bouts of volatility over the last few months and currently offer reasonable valuations in select pockets.

Knee jerk reactions to news events are likely to remain part and parcel of equity markets for the next few quarters. Hence, Investors are advised to deploy funds in a phased manner. Systematic investments into equity products could also help investors ride out short term volatility.

Investors

•

•

•

Do not Panic - Corrections are healthy.

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

Be fearful when others are greedy.

Distributors

•

•

•

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

Effective Portfolio Management Key.

Investors trust you. Be Responsible!

7

Source: Bloomberg, Axis MF Research.

Please refer to page no 38-39, 43, 44-44 for NAV, TER, Riskometer & Statutory Details.

Instrument Type/Issuer Name Industry % OF NAV

EQUITY 81.65%

HDFC Bank Limited Banks 9.82%

Bajaj Finance Limited Finance 7.51%

Kotak Mahindra Bank Limited Banks 7.13%

Tata Consultancy Services Limited Software 6.08%

ICICI Bank Limited Banks 5.32%

Maruti Suzuki India Limited Auto 4.79%

Avenue Supermarts Limited Retailing 3.83%

Hindustan Unilever Limited Consumer Non Durables 3.65%

HDFC Limited Finance 3.27%

Titan Company Limited Consumer Durables 3.11%

Bandhan Bank Limited Banks 3.04%

Infosys Limited Software 3.00%

Nestle India Limited Consumer Non Durables 2.80%

Bajaj Finserv Limited Finance 2.69%

Reliance Industries Limited Petroleum Products 2.58%

Asian Paints Limited Consumer Non Durables 2.55%

Larsen & Toubro Limited Construction Project 2.38%

Pidilite Industries Limited Chemicals 2.22%

Wipro Limited Software 1.50%

Nifty 50 Index Index 1.35%

Divi's Laboratories Limited Pharmaceuticals 1.09%

UltraTech Cement Limited Cement 0.98%

Britannia Industries Limited Consumer Non Durables 0.96%

DEBT, CASH & OTHER CURRENT ASSETS 18.35%

GRAND TOTAL 100%

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

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

FACTSHEETDECEMBER 2018

8

PORTFOLIO

Financial Services 38.78

Consumer Goods

16.90

IT 10.58 Automobile 4.79 Energy 2.58 Construction 2.38

Chemicals 2.22

Miscellaneous 1.35

Pharma 1.09

Cement & Cement Products 0.98

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

3,562.99 Cr.

AS ON 31st DECEMBER’18

3,737.34 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 14.00%

Beta - 0.91

Sharpe Ratio** - 0.40

PORTFOLIOTURNOVER* (1 YEAR)

1.71 times

FUND MANAGER

Mr. ShreyashDevalkar

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

23rd November 2016

SECTORALLOCATION

(%)

8

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

ENTRY & EXIT LOAD

**Risk-free rate assumed to be 6.73% (MIBOR as on 31-12-18) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st DECEMBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

PERFORMANCE (as on 31st December 2018)

Regular Plan Direct Plan

Options Record Date

Dividend (` Per unit) NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

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

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 6.51% 10,651 12.32% 14,174 14.53% 19,716 11.69% 27,03005-Jan-10Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 9.69% 22,967

S&P BSE Sensex (Additional Benchmark) 7.18% 10,718 12.84% 14,374 12.79% 18,258 9.83% 23,240Axis Bluechip Fund - Direct Plan -Growth 8.01% 10,801 13.71% 14,708 15.91% 20,931 15.55% 23,801

01-Jan-13Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670S&P BSE Sensex (Additional Benchmark) 7.18% 10,718 12.84% 14,374 12.79% 18,258 12.30% 20,053Past 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 41 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Financial Services

41.61

Automobile 16.14

IT 10.18

Consumer Goods

8.98

Industrial Manufacturing

8.10

Chemicals 3.60 Construction 1.70

Pharma 0.21

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

6,564.53 Cr.


6,722.71 Cr.

BENCHMARK

Nifty 50



Beta - 1.07



1.24 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:17 years.

He has been managing this fund since 07th June 2016

SECTORALLOCATION

(%)

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

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

9

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

**Risk-free rate assumed to be 6.73% (MIBOR as on 31-12-18) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 31st DECEMBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

Mar 08, 2018 2.00 2.00 19.47 17.47

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

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



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Focused 25 Fund - Growth 0.63% 10,063 15.15% 15,273 17.09% 22,020 16.36% 26,82029-Jun-12Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 13.10% 22,285

S&P BSE 200 (Additional Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 14.27% 23,831Axis Focused 25 Fund - Direct Plan - Growth 1.83% 10,183 16.52% 15,826 18.54% 23,412 16.28% 24,717

01-Jan-13Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670S&P BSE 200 (Additional Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 12.87% 20,676Past 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 41 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


PORTFOLIO


EQUITY 90.32%









Supreme Industries Limited Industrial Products 4.41%

Eicher Motors Limited Auto 3.94%




Info Edge (India) Limited Software 2.76%

Gruh Finance Limited Finance 2.65%

Motherson Sumi Systems Limited Auto Ancillaries 2.40%

Cummins India Limited Industrial Products 2.10%


V-Guard Industries Limited Industrial Capital Goods 1.59%

WABCO India Limited Auto Ancillaries 1.52%

Endurance Technologies Limited Auto Ancillaries 1.40%

Varroc Engineering Limited Auto Ancillaries 0.54%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.21%


GRAND TOTAL 100%

ENTRY & EXIT LOAD


Financial Services 26.69 Consumer Goods 13.05 Industrial Manu-

facturing11.38

Pharma 9.24 Automobile 7.86

IT 4.69

Cement & Cement Products

2.81

Textiles 2.70

Energy 2.31

Construction 1.59

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,740.73 Cr.


1,807.64 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.82



0.81 times

FUND MANAGER

Mr. Shreyash Devalkar

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

23rd November 2016

SECTORALLOCATION

(%)

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

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

10

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Midcap Fund - Growth 3.49% 10,349 12.49% 14,240 20.44% 25,352 17.54% 35,67018-Feb-11S&P BSE Midcap (Benchmark) -12.47% 8,753 12.73% 14,329 19.56% 24,443 12.78% 25,778

Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 10.51% 21,957Axis Midcap Fund - Direct Plan - Growth 4.59% 10,459 13.78% 14,734 21.96% 26,996 18.69% 27,962

01-Jan-13S&P BSE Midcap (Benchmark) -12.47% 8,753 12.73% 14,329 19.56% 24,443 15.04% 23,182Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670Past 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 41 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


PORTFOLIO


EQUITY 81.50%

City Union Bank Limited Banks 5.65%


Astral Poly Technik Limited Industrial Products 4.15%

Mahindra & Mahindra Financial Services Limited Finance 3.96%

Torrent Pharmaceuticals Limited Pharmaceuticals 3.72%





Supreme Industries Limited Industrial Products 3.05%


ACC Limited Cement 2.81%

Sundaram Finance Limited Finance 2.76%

Sanofi India Limited Pharmaceuticals 2.57%

Page Industries Limited Textile Products 2.33%

Indraprastha Gas Limited Gas 2.31%

Trent Limited Retailing 1.98%


Kansai Nerolac Paints Limited Consumer Non Durables 1.91%

Berger Paints (I) Limited Consumer Non Durables 1.90%



Bata India Limited Consumer Durables 1.72%

Voltas Limited Construction Project 1.59%

Cholamandalam Investment and Finance Company Limited Finance 1.55%

MphasiS Limited Software 1.50%

Aditya Birla Fashion and Retail Limited Retailing 1.49%

TTK Prestige Limited Consumer Durables 1.45%

Schaeffler India Limited Industrial Products 1.28%


Balkrishna Industries Limited Auto Ancillaries 1.02%

Max Financial Services Limited Finance 0.99%

MRF Limited Auto Ancillaries 0.96%

Colgate Palmolive (India) Limited Consumer Non Durables 0.63%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD


Financial Services 39.93 Automobile 15.36 Consumer Goods 11.53 IT 10.56 Chemicals 6.35 Industrial Manufacturing 3.69 Energy 3.52 Construction 2.28 Pharma 1.15 Textiles 0.75

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

17,652.17 Cr.


17,852.25 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 14.42%

Beta - 0.93



0.62 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 17 years.

He has been managing this fund since 1st April 2011

SECTORALLOCATION

(%)

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

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

11

Entry Load : NA Exit Load : NIL




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Regular Dividend

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


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Long Term Equity Fund - Growth 2.65% 10,265 11.89% 14,013 19.95% 24,847 17.54% 42,89729-Dec-09S&P BSE 200 (Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 10.35% 24,298

Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 9.88% 23,366Axis Long Term Equity Fund - Direct Plan - Growth 3.71% 10,371 13.11% 14,475 21.38% 26,365 20.63% 30,807

01-Jan-13S&P BSE 200 (Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 12.87% 20,676Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670Past 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 41 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


PORTFOLIO


EQUITY 94.66%











Torrent Power Limited Power 3.52%









Symphony Limited Consumer Durables 1.72%








Mas Financial Services Limited Finance 0.69%

Multi Commodity Exchange of India Limited Finance 0.69%




GRAND TOTAL 100.00%

ENTRY & EXIT LOAD


MONTHLY AVERAGE

2,938.81 Cr.


2,942.74 Cr.

BENCHMARK

Nifty 500 Index

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

12

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

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

Mr. Shreyash Devalkar Work experience: 17 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

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


PORTFOLIO


EQUITY 81.56%





















Britannia Industries Limited Consumer Non Durables 1.02%

Nifty 50 Index Index 1.01%





GRAND TOTAL 100.00%

Financial Services 37.91 Consumer Goods 17.67 IT 9.96 Automobile 5.83 Chemicals 2.88 Industrial Manufacturing 2.26 Construction 1.71 Pharma 1.51 Energy 1.07 Miscellaneous 1.01 Textiles 0.26



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 7.05% 10,705 NA NA NA NA 7.88% 10,880 20-Nov-17Nifty 500 (Benchmark) -2.12% 9,788 NA NA NA NA 1.24% 10,138Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.27% 10,700Axis Multicap Fund - Direct Plan - Growth 8.79% 10,879 NA NA NA NA 9.66% 11,080 20-Nov-17Nifty 500 (Benchmark) -2.12% 9,788 NA NA NA NA 1.24% 10,138Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.27% 10,700Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 20th Nov 2017 and he manages 5 schemes of A xis Mutual Fund. Please refer to annexure on Page 41 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD


MONTHLY AVERAGE

272.39 Cr.


246.26 Cr.

BENCHMARK

Nifty Smallcap100

SECTORALLOCATION

(%)

AXIS SMALL CAP FUND*

13

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)

Mr. Anupam Tiwari Work experience: 13 years.

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

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 83.97%

TCNS Clothing Co. Limited Textile Products 9.27%

NIIT Technologies Limited Software 6.75%

VST Industries Limited Consumer Non Durables 6.52%

Mas Financial Services Limited Finance 5.87%

Gulf Oil Lubricants India Limited Petroleum Products 5.31%

Vinati Organics Limited Chemicals 4.95%

Schaeffler India Limited Industrial Products 4.26%

Galaxy Surfactants Limited Chemicals 3.97%

Fine Organic Industries Limited Chemicals 3.86%

HeidelbergCement India Limited Cement 3.85%


Amber Enterprises India Limited Consumer Durables 3.02%

Blue Star Limited Consumer Durables 2.90%

Grindwell Norton Limited Industrial Products 2.71%

Vesuvius India Limited Industrial Products 2.13%

Orient Refractories Limited Industrial Products 2.11%

CEAT Limited Auto Ancillaries 1.92%


Can Fin Homes Limited Finance 1.76%

Igarashi Motors India Limited Auto Ancillaries 1.66%


Godrej Agrovet Limited Consumer Non Durables 1.59%

MM Forgings Limited Industrial Products 1.21%

JK Cement Limited Cement 1.01%



GRAND TOTAL 100.00%

Industrial Manufacturing 16.21 Consumer Goods 15.92 Chemicals 12.78 Textiles 9.27 Financial Services 7.83 IT 6.75 Automobile 5.64 Energy 5.31 Cement & Cement Products 4.86



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Small Cap Fund - Reuglar Plan - Growth

-8.89% 9,111 9.40% 13,098 21.50% 26,493 21.45% 26,89029-Nov-13

Nifty Small Cap 100 (Benchmark) -28.23% 7,177 5.49% 11,741 14.81% 19,960 16.06% 21,339Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 13.12% 18,729Axis Small Cap Fund - Direct Plan - Growth -7.89% 9,211 10.61% 13,535 22.85% 28,002 22.80% 28,450 29-Nov-13Nifty Small Cap 100 (Benchmark) -28.23% 7,177 5.49% 11,741 14.81% 19,960 16.06% 21,339Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 13.12% 18,729Past 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. Anupum Tiwari is managing the scheme since 29th Nov 2013 and he manages 7 schemes of A xis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD


Standard Deviation

- 14.78%

Beta - 0.56


*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 22.88

Oct 08, 2015 2.00 2.00 19.65 17.65 2.00 2.00 20.07 18.07


DIVIDENDS


MONTHLY AVERAGE

674.92 Cr.


672.07 Cr.

BENCHMARK

S&P BSE 200

SECTORALLOCATION

(%)

AXIS GROWTH OPPORTUNITIES FUND

14

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: 17 years.


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 72.52%












Symphony Limited Consumer Durables 2.49%




Alphabet Inc A Interactive Media & Services 1.85%




JP Morgan Chase & Co Banks 1.32%

Nutrien Limited Fertilizers & Agricultural Chemicals 1.06%

Comcast Corp-Class A Cable & Satellite 1.05%

Rockwell Automation Inc Electrical Components & Equipment 1.03%

Adobe Inc Software 0.93%

Alibaba Group Holding ADR Internet & DirectMarketing Retail 0.93%

Visa Inc Data Processing & Outsourced Services 0.82%

Ball Corp Metal & Glass Containers 0.79%

Texas Instrs Inc Com Semiconductors 0.78%




GRAND TOTAL 100.00%

Financial Services 27.62

Consumer Goods 10.60

IT 10.17

Automobile 9.53

Miscellaneous 5.92

Chemicals 2.27

Industrial Manufacturing 2.17

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

FIXEDINCOME

J A N U A R Y 2 0 1 9

10 YEAR G-SEC YIELD

7.36%

QUICK TAKE

CPI Inflation : Last 1 year

4.88%

3.31%

Repo : Last 1 year

6.00%

6.50%

10 yr G-Sec : Last 1 year

7.36%

7.08%

• OMO’s low inflation and fall in crude have led to a material fall in yields over the last three months.

• Likely retracement in inflation and concerns over fiscal deficit will limit the scope of further rate cuts.

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

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

Key Market Events•

•

•

•

•

Market View

10 Year at 7.36%: The benchmark yield on the 10 Year G-Sec fell 25bps during the month to 7.36%. Bond markets have been driven by the influx of liquidity from the RBI through OMOs. Expected FY19 OMO’s of Rs 3.5lakh Cr is equal to G-Sec supply for the year. The OMO’s have been a major reason for the move in G-Sec yields in the second half of the year.

Inflation – Remains Benign: Consumer price inflation eased further to 2.3% in N o v e m b e r V / s 3 . 4 % (Revised) in October. Benign food inflation and softening crude prices remained key reasons despite attempts by the government to prop up crop prices through hikes in MSP earlier this year. Core inflation, however, remained steady at 5.7% in November.

High real rates: Tepid inflation figures, well below the RBI’s target rate has led to real rates at historic highs making it amongst the most attractive debt markets in the EM basket. A stable currency and high yields are likely to attract foreign investors given stable macro-economic factors.

Elections & the Fisc: Persistently low inflation and fall in crude prices have reversed market sentiments positively. As we approach election season, the government has rolled out several welfare initiatives which is likely to impact the fiscal situation. The quantum of such policies will be assessed by the market in the coming months.

US Fed – Positive on US Growth: The US Fed continued to raise rates citing a strong labor market and economic activity. Optimism on the health of the US economy continues to remain a positive for global markets given geo-political uncertainty.

The fall in longer dated G-Sec’s has been led by RBI’s OMO’s and the market pricing in rate cuts in the foreseeable future. Given the

current inflation environment and the possibility of retracement on account of low base effects and food inflation, rate cuts may remain elusive in the near term. Fiscal concerns continue to remain elevated given the likely shortfall in GST collections and welfare initiatives initiated by the government in the build up to national elections. We believe the culmination of these factors will likely limit opportunities in the long bonds space.

Over the course of FY 2019, the RBI has pumped in significant durable liquidity into the system. There is talk in the market of RBI transferring capital reserves to the government to fund government initiatives around infrastructure and manage the fiscal deficit. Such a move is likely to limit OMO’s subsequently. Given high real interest rates, the RBI MPC may remain comfortable with real rates at 150-200bps in an attempt to attract foreign fund flows.

Inflation continues to remain below the RBI’s target rate. This has been driven by persistently low food inflation and fall in crude oil prices. While some retracement is likely given the low base effects which are likely to kick in after kharif sowing. Durable medium term inflation is likely to remain around the RBI’s target rate of 4%. Crude will remain the joker in the pack given medium term uncertainty.

Given our outlook of stable rates in the medium term we reiterate our positive stance on the shorter end of the curve. Currently, the curve offers significant opportunities from an investment perspective as credit spreads and carry remains attractive. Corporate bonds in the 1-3-year space across the AAA and AA spectrum offer significant risk reward opportunities and thus form a significant part of our portfolios today.


Investors

•

•

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

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

Distributors

•

•

•




15Source: Bloomberg, Axis MF Research.


PORTFOLIORATING % Of NAV

COMMERCIAL PAPER 75.40%

NABARD ICRA A1+/CRISIL A1+ 9.01%

Larsen & Toubro Limited CRISIL A1+ 5.32%

NTPC Limited CRISIL A1+ 5.15%

Reliance Jio Infocomm Limited CRISIL A1+ 5.03%

Aditya Birla Finance Limited ICRA A1+ 2.97%

Reliance Retail Ltd CRISIL A1+ 2.63%

HDFC Limited CRISIL A1+/ICRA A1+ 2.59%

Cholamandalam Investment and Finance Company Limited CRISIL A1+ 2.48%

Vedanta Limited CRISIL A1+ 2.47%

Grasim Industries Limited CRISIL A1+ 2.47%

Bamnipal Steel Limited IND A1+ 2.46%

Sun Pharmaceutical Industries Limited CRISIL A1+ 2.44%

Indus Towers Limited CRISIL A1+ 1.98%

Bajaj Finance Limited CRISIL A1+ 1.96%

Reliance Industries Limited CRISIL A1+ 1.88%

Mahindra & Mahindra Financial Services Limited CRISIL A1+ 1.73%

Daimler Financial Services India Pvt Limited CRISIL A1+ 1.25%

Tata Capital Financial Services Limited CRISIL A1+ 1.12%

Tata Motors Finance Limited ICRA A1+ 1.02%

Shriram Transport Finance Company Limited CRISIL A1+ 1.02%

Aditya Birla Housing Finance Limited ICRA A1+ 1.00%

Kotak Mahindra Investments Limited CRISIL A1+ 0.99%

L&T Finance Limited ICRA A1+ 0.99%

Tata Capital Housing Finance Limited CRISIL A1+ 0.99%

Tata Motors Limited CRISIL A1+ 0.99%

Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.99%

Power Finance Corporation Limited CRISIL A1+ 0.99%

India Infoline Finance Limited CRISIL A1+ 0.99%

Muthoot Finance Limited CRISIL A1+ 0.99%

TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.96%

Emami Limited CRISIL A1+ 0.89%

Hinduja Leyland Finance Limited CRISIL A1+ 0.75%

Aditya Birla Capital Limited CRISIL A1+/ICRA A1+ 0.75%

Bahadur Chand Investments Pvt Limited ICRA A1+ 0.74%

Magma Fincorp Limited CARE A1+ 0.74%

Talwandi Sabo Power Limited CRISIL A1+(SO) 0.74%

LIC Housing Finance Limited CRISIL A1+ 0.52%

IDFC Infrastructure Finance Limited ICRA A1+ 0.49%

HSBC InvestDirect Financial Services (India) Limited IND A1+ 0.49%

Tata Power Solar Systems Limited CRISIL A1+(SO) 0.37%

Tube Investments of India Limited ICRA A1+ 0.25%

Tata Sons Private Ltd CRISIL A1+ 0.25%

Dabur India Limited CRISIL A1+ 0.25%

CEAT Limited CARE A1+ 0.25%

Bharti Airtel Limited CRISIL A1+ 0.25%

Godrej Industries Limited CRISIL A1+ 0.20%

Varroc Engineering Limited ICRA A1+ 0.20%

JSW Steel Limited ICRA A1+ 0.12%

Indian Railway Finance Corporation Limited CRISIL A1+ 0.12%

Network18 Media & Investments Limited ICRA A1+ 0.12%

Tata Power Company Limited CRISIL A1+ 0.02%

Hindustan Zinc Limited CRISIL A1+ 0.02%

CERTIFICATE OF DEPOSIT 19.59%

IDFC Bank Limited ICRA A1+ 5.43%

Vijaya Bank CARE A1+ 4.70%

ICICI Bank Limited ICRA A1+ 2.58%

Canara Bank CRISIL A1+ 1.97%

Indian Bank IND A1+ 1.73%

The Federal Bank Limited CRISIL A1+ 1.25%

HDFC Bank Limited IND A1+ 0.99%

IndusInd Bank Limited CRISIL A1+ 0.94%

TREASURY BILL 9.20%

182 Days Tbill Sovereign 3.47%


CORPORATE BOND 2.67%

HDFC Limited CRISIL AAA 2.12%

Cholamandalam Investment and Finance Company Limited ICRA AA+ 0.25%

Kotak Mahindra Prime Limited CRISIL AAA 0.17%

Gruh Finance Limited CRISIL AAA 0.12%

STATE GOVERNMENT BOND 1.66%

8.30% Maharashtra SDL (MD 25/03/2019) Sovereign 0.63%

8.43% Assam SDL (MD 25/03/2019) Sovereign 0.52%

8.39% RAJASTHAN UDAY BOND (MD 15/03/2019) Sovereign 0.47%

8.59% Andhra Pradesh SDL (MD 18/03/2019) Sovereign 0.05%

ZERO COUPON BOND 0.25%

IDFC Bank Limited ICRA AA+ 0.25%

NET CURRENT ASSETS -8.78%

GRAND TOTAL 100.00%

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

24,158.25 Cr.


20,024.62 Cr.

BENCHMARK

NIFTY Liquid Index

AVERAGE MATURITY*

44 daysMODIFIED DURATION*

40 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

7.24%

Mr. Devang ShahWork experience: 14 years.

He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 11 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Commercial Paper 75.40% Certificate of Deposit 19.59% Treasury Bill 9.20% Corporate Bond 2.67% State Government Bond 1.66% Zero Coupon Bond 0.25% Net Current Assets -8.78%

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

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

AXIS LIQUID FUND(An Open-Ended Liquid Scheme)

Entry Load : NAExit Load : NIL

16

^^


Regular Plan Retail Plan Direct Plan

Options Record Date

Dividend (` Per unit)

NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Individu-als/ HUF

OthersIndividuals/

HUFOth-ers

Individuals/ HUF

Others

Monthly Dividend

Dec 26, 2018 4.3912 4.0663 1,006.9704 1,000.8742 4.0715 3.7725 1,005.9368 1,000.2810 4.4191 4.0921 1,006.4157 1,000.2808Nov 26, 2018 4.7963 4.4414 1,007.5328 1,000.8742 4.3700 4.0828 1,006.4021 1,000.2810 4.8275 4.4703 1,006.9828 1,000.2808Oct 25, 2018 4.4770 4.1457 1,007.0895 1,000.8742 4.1340 3.8142 1,005.9993 1,000.2810 4.5055 4.1721 1,006.5358 1,000.2808


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Liquid Fund - Growth 7.45% 10,745 7.26% 12,343 7.84% 14,590 7.96% 20,282

09-Oct-09NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 7.90% 20,179NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.50% 10,750 7.14% 12,302 7.70% 14,494 6.88% 18,490

Axis Liquid Fund - Direct Plan - Growth 7.51% 10,751 7.33% 12,368 7.91% 14,638 8.14% 15,996

31-Dec-12NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 7.95% 15,826NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.50% 10,750 7.14% 12,302 7.70% 14,494 7.57% 15,500

Axis Liquid Fund - Retail - Growth 6.84% 10,684 6.67% 12,141 7.27% 14,206 7.64% 19,173

01-Mar-10NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 8.10% 19,909NIFTY 1 Year T-Bill Index (Additional Benchmark)

7.50% 10,750 7.14% 12,302 7.70% 14,494 7.02% 18,223

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 29 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on Page 42-43 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


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

AAA, SOV & Equivalent 99.50% AA+ 0.50%

ENTRY & EXIT LOAD


PORTFOLIO

MONTHLY AVERAGE

516.06 Cr.


573.35 Cr.

BENCHMARK

CRISIL Ultra Short Term Debt Index

AXIS ULTRA SHORT TERM FUND

17

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

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

Mr. Aditya Pagaria Work experience: 11 years.


FUND MANAGER

DATE OF ALLOTMENT

10th September 2018

Entry Load :NAExit Load : Nil

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


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


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Dec 26, 2018 0.0490 0.0454 10.0922 10.0241 0.0503 0.0465 10.1002 10.0304

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

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

DIVIDENDS

AVERAGE MATURITY*

181 daysMODIFIED DURATION*


8.37%


RATING % Of NAVCORPORATE BOND 40.84%

National Housing Bank CRISIL AAA 5.58%

Tata Motors Limited CARE AA+ 4.38%

LIC Housing Finance Limited CRISIL AAA 4.36%

Bank of Baroda CARE AA 4.35%

Edelweiss Commodities Services Limited

ICRA AA/CRISIL AA 3.47%

Talwandi Sabo Power Limited CRISIL AA-(SO) 2.59%

Hero Fincorp Limited CRISIL AA+ 2.56%

Vodafone Mobile Services Limited CRISIL A+ 2.24%

Tata Sons Private Ltd CRISIL AAA 1.75%

Aasan Corporate Solutions Private Limited

ICRA AA-(SO) 1.75%

Cholamandalam Investment and Finance Company Limited

ICRA AA+ 1.75%


Shriram Transport Finance Company Limited IND AA+ 1.71%

Northern Arc Capital Limited ICRA A+ 1.21%

IndoStar Capital Finance Limited CARE AA- 1.21%

Small Industries Dev Bank of India CARE AAA 0.18%





Equitas Small Finance Bank Limited CRISIL A1+ 0.52%


HDFC Limited CRISIL A1+ 4.33%

Network18 Media & Investments Limited

ICRA A1+ 4.30%



Tata Motors Finance Limited CRISIL A1+ 0.87%

Tata Power Company Limited CRISIL A1+ 0.87%


Dewan Housing Finance Corporation Limited

CARE AAA 4.22%

Mahindra & Mahindra Financial Services Limited CARE AAA 3.12%

JSW Techno Projects Management Limited

BWR A(SO) 1.81%


PASS THROUGH CERTIFICATE 5.97%

RENT-A-DEVICE TRUST ICRA AAA(SO) 2.36%

MFL Securitisation Trust CRISIL AAA(SO) 2.08%

Rainbow Devices Trust ICRA AAA(SO) 1.54%

REDUCED FACE VALUE BONDS - NON AMORTISATION 1.31%

Asirvad Microfinance Ltd CRISIL A+ 1.31%

NET CURRENT ASSETS 9.24%

GRAND TOTAL 100.00%

Corporate Bond 40.84% Certificate of Deposit 17.13% Commercial Paper 15.50% Zero Coupon Bond 10.00% Pass Through Certificate 5.97%

Reduced Face Value Bonds - Non Amortisation

1.31%

Net Current Assets 9.24%

AAA, SOV & Equivalent 68.80% AA+ 11.26% AA 7.82% AA- 5.55% A+ 4.77% A 1.81%

ENTRY & EXIT LOAD


PORTFOLIO

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

1,583.00 Cr.


1,520.40 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index

AVERAGE MATURITY*

261 daysMODIFIED DURATION

*


8.54%


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)

18



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

Dec 26, 2018 5.8103 5.3803 1,013.5177 1,005.4514 5.8126 5.3792 1,013.5127 1,005.4482 6.0842 5.6339 1,013.8994 1,005.4530Nov 26, 2018 5.3030 4.9106 1,012.8134 1,005.4514 5.3026 4.9113 1,012.8113 1,005.4482 5.6049 5.1900 1,013.2339 1,005.4530Oct 25, 2018 5.8529 5.4198 1,013.5768 1,005.4514 5.8505 5.4192 1,013.5727 1,005.4482 6.1691 5.7124 1,014.0172 1,005.4530


DIVIDENDS


PeriodDate 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Treasury Advantage Fund - Growth 7.25% 10,725 7.34% 12,369 7.85% 14,595 8.03% 20,39809-Oct-09NIFTY Low Duration Debt Index (Benchmark) 7.30% 10,730 7.47% 12,414 8.09% 14,756 8.24% 20,776

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 6.88% 18,490Axis Treasury Advantage Fund - Direct Plan - Growth 7.81% 10,781 7.88% 12,559 8.36% 14,945 8.59% 16,393

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 7.30% 10,730 7.47% 12,414 8.09% 14,756 8.19% 16,038NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.57% 15,494Axis Treasury Advantage Fund - Retail - Growth 7.13% 10,713 6.89% 12,215 7.30% 14,224 7.59% 19,089

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 7.30% 10,730 7.47% 12,414 8.09% 14,756 8.36% 20,322NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.03% 18,220Past 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 29 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on 42-43 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


RATING % Of NAV


Power Finance Corporation Limited CRISIL AAA 10.62%

Piramal Capital & Housing Finance Limited ICRA AA+ 3.93%


NABARD CRISIL AAA 3.62%

Hinduja Leyland Finance Limited CARE AA- 3.29%

Reliance Jio Infocomm Limited CRISIL AAA 3.28%

India Infoline Finance Limited ICRA AA 2.23%

ICICI Home Finance Company Limited ICRA AAA 2.23%

Indiabulls Housing Finance Limited BWR AAA 2.10%

Muthoot Finance Limited CRISIL AA 2.06%

Shriram Transport Finance Company Limited IND AA+ 1.94%



Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 1.64%

Edelweiss Commodities Services Limited CRISIL AA 1.64%


REC Limited CRISIL AAA 1.58%


BWR AAA 1.31%

Adani Transmission Limited IND AA+ 0.99%

Power Grid Corporation of India Limited CRISIL AAA 0.33%

Export Import Bank of India CRISIL AAA 0.32%

Indian Railway Finance Corporation Limited CRISIL AAA 0.13%


Larsen & Toubro Limited CRISIL A1+ 6.48%

JSW Steel Limited CARE A1+/ICRA A1+ 5.16%

RELIANCE RETAIL LTD CRISIL A1+ 3.24%

Indiabulls Housing Finance Limited CRISIL A1+ 2.42%

Bharti Airtel Limited CRISIL A1+ 1.62%





HDFC Bank Limited IND A1+ 1.62%

Export Import Bank of India CRISIL A1+ 1.54%



CARE AAA 6.68%

TMF Holdings Limited CRISIL AA 1.91%

IIFL Home Finance Limited CRISIL AA 0.67%



GRAND TOTAL 100.00%

Corporate Bond 51.93% Commercial Paper 18.92% Certificate of Deposit 16.99% Zero Coupon Bond 9.51% Net Current Assets 2.65%

AAA, SOV & Equivalent 79.49% AA+ 8.72% AA 8.50% AA- 3.29%


ENTRY & EXIT LOAD


PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

4,254.00 Cr.


4,809.80 Cr.

BENCHMARKNIFTY Short

Duration Debt Index

AVERAGE MATURITY*

1.8 yearsMODIFIED DURATION

*

1.4 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.40%



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)

19


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

Dec 26, 2018 0.0726 0.0673 10.2606 10.1597 0.0717 0.0664 10.1245 10.0249 0.0756 0.0700 10.1312 10.0262

Monthly Dividend

Nov 26, 2018 0.0591 0.0548 10.2372 10.1550 0.0584 0.0540 10.1014 10.0203 0.0631 0.0584 10.1096 10.0219Oct 25, 2018 0.0518 0.0479 10.2244 10.1525 0.0511 0.0473 10.0887 10.0177 0.0585 0.0542 10.1016 10.0203Sep 25, 2018 - - - - - - - - 0.0001 0.0001 10.0003 10.0001


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 6.31% 10,631 7.29% 12,352 8.00% 14,694 7.89% 19,72622-Jan-10NIFTY Short Duration Debt Index (Benchmark) 6.65% 10,665 7.42% 12,398 8.25% 14,867 8.01% 19,917

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 6.96% 18,251Axis Short Term Fund - Direct Plan - Growth 7.05% 10,705 8.03% 12,611 8.83% 15,268 8.70% 16,500

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 6.65% 10,665 7.42% 12,398 8.25% 14,867 8.21% 16,058NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.57% 15,494Axis Short Term Fund - Retail - Growth 6.31% 10,631 7.29% 12,352 8.00% 14,699 7.85% 19,503

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 6.65% 10,665 7.42% 12,398 8.25% 14,867 8.05% 19,830NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.03% 18,223Past 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 29 schemes of Axis Mutual Fund. Please refer to annexure on Page 43 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).



RATING % Of NAVCORPORATE BOND 68.25%Power Finance Corporation Limited CRISIL AAA 8.91%LIC Housing Finance Limited CARE AAA/CRISIL AAA 6.50%NABARD CRISIL AAA/IND AAA 5.43%HDFC Limited CRISIL AAA 4.87%REC Limited CARE AAA/CRISIL AAA 3.38%Tata Sons Private Ltd CRISIL AAA 3.18%Reliance Jio Infocomm Limited CRISIL AAA 3.05%State Bank of India CRISIL AA+ 2.61%National Housing Bank CRISIL AAA 2.60%Reliance Industries Limited CRISIL AAA 2.51%Mahindra & Mahindra Financial Services Limited IND AAA 2.15%HDFC Bank Limited CRISIL AAA 2.08%Jamnagar Utilities & Power Private Limited CRISIL AAA 1.99%NRSS XXIX Transmission Limited CRISIL AAA 1.88%Small Industries Dev Bank of India CARE AAA 1.66%Tata Capital Financial Services Limited ICRA AAA/CRISIL AAA 1.55%Indiabulls Housing Finance Limited BWR AAA 1.26%Muthoot Finance Limited CRISIL AA 1.26%L&T Housing Finance CARE AAA 1.02%Bank of Baroda IND AAA 0.93%Nirma Limited CRISIL AA 0.88%Shriram Transport Finance Company Limited CRISIL AA+ 0.85%Gruh Finance Limited CRISIL AAA 0.81%IDFC Bank Limited ICRA AA+ 0.72%Power Grid Corporation of India Limited CRISIL AAA 0.52%Aditya Birla Finance Limited ICRA AAA 0.52%ICICI Home Finance Company Limited ICRA AAA 0.52%Tata Motors Limited CARE AA+ 0.52%Mahindra Rural Housing Finance CRISIL AA+ 0.52%Indian Railway Finance Corporation Limited CRISIL AAA 0.52%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.51%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.37%

Dewan Housing Finance Corporation Limited BWR AAA 0.33%Sikka Ports and Terminals Limited CRISIL AAA 0.32%Adani Transmission Limited IND AA+ 0.31%L&T Infrastructure Finance Company Limited CARE AAA 0.31%HDB Financial Services Limited CRISIL AAA 0.30%Bajaj Finance Limited CARE AAA 0.23%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.20%Bharti Airtel Limited CRISIL AA 0.10%NHPC Limited ICRA AAA 0.06%Export Import Bank of India CRISIL AAA 0.01%CERTIFICATE OF DEPOSIT 11.20%ICICI Bank Limited ICRA A1+ 4.43%IndusInd Bank Limited CRISIL A1+ 4.06%Export Import Bank of India CRISIL A1+ 1.75%Small Industries Dev Bank of India CARE A1+ 0.48%NABARD CRISIL A1+ 0.48%COMMERCIAL PAPER 4.08%Bharti Airtel Limited CRISIL A1+ 1.03%Reliance Industries Limited CRISIL A1+ 0.93%Indiabulls Housing Finance Limited CRISIL A1+ 0.70%JSW Steel Limited ICRA A1+ 0.51%Dewan Housing Finance Corporation Limited CRISIL A1+ 0.50%HDFC Limited CRISIL A1+ 0.31%NABARD ICRA A1+ 0.10%ZERO COUPON BOND 2.60%Dewan Housing Finance Corporation Limited CARE AAA 1.44%Mahindra & Mahindra Financial Services Limited IND AAA/CARE AAA 0.87%Kotak Mahindra Prime Limited CRISIL AAA 0.26%Axis Finance Limited IND AAA 0.03%HDB Financial Services Limited CRISIL AAA 0.01%GOVERNMENT BOND 3.43%7.17% GOI (MD 08/01/2028) Sovereign 1.41%8.12% GOI (MD 10/12/2020) Sovereign 0.42%6.79% GOI (MD 15/05/2027) Sovereign 0.26%8.13% GOI (MD 22/06/2045) Sovereign 0.22%7.68% GOI (MD 15/12/2023) Sovereign 0.22%7.88% GOI (MD 19/03/2030) Sovereign 0.21%7.59% GOI(MD 11/01/2026) Sovereign 0.20%9.20% GOI (MD 30/09/2030) Sovereign 0.12%6.65% GOI (MD 09/04/2020) Sovereign 0.10%7.73% GOI (MD 19/12/2034) Sovereign 0.08%8.83% GOI (MD 25/11/2023) Sovereign 0.07%8.15% GOI (MD 24/11/2026) Sovereign 0.04%7.35% GOI (MD 22/06/2024) Sovereign 0.04%6.79% GOI (MD 26/12/2029) Sovereign 0.01%8.35% GOI (MD 14/05/2022) Sovereign 0.01%7.37% GOI (MD 16/04/2023) Sovereign 0.002%7.59% GOI (MD 20/03/2029) Sovereign 0.002%PASS THROUGH CERTIFICATE 2.67%RAINBOW DEVICES TRUST ICRA AAA(SO) 1.31%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.06%SANSAR TRUST ICRA AAA(SO) 0.30%STATE GOVERNMENT BOND 0.53%8.66% TAMILNADU SDL (MD 25/01/2022) Sovereign 0.39%8.15% RAJASTHAN UDAY BOND (MD 23/06/2021) Sovereign 0.06%6.92% MAHARASTRA SDL(MD 11/01/2022) Sovereign 0.04%8.21% HARYANA UDAY BOND (MD 31/03/2022) Sovereign 0.02%8.27% RAJASTHAN UDAY BOND (MD 23/06/2023) Sovereign 0.01%8.61% UTTAR PRADESH UDAY BOND (MD 21/03/2022)

Sovereign 0.01%

TREASURY BILL 0.28%364 DAYS TBILL Sovereign 0.28%NET CURRENT ASSETS 6.95%

GRAND TOTAL 100.00%

Corporate Bond 68.25% Certificate of Deposit 11.20% Commercial Paper 4.08% Zero Coupon Bond 2.60% Government Bond 3.43% Pass Through Certificate 2.67% State Government Bond 0.53% Treasury Bill 0.28% Net Current Assets 6.95%

AAA, SOV & Equivalent 91.86% AA+ 5.91% AA 2.24%


ENTRY & EXIT LOAD


PORTFOLIO

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

148.65 Cr.


149.09 Cr.

BENCHMARK

NIFTY Composite Debt Index

AVERAGE MATURITY*

4.7 yearsMODIFIED DURATION*


8.65%

Mr. R. SivakumarWork experience: 20 years.

He has been managing this fund since inception



FUND MANAGER


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

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

20


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

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

Quarterly DividendDec 26, 2018 0.1800 0.1667 10.5617 10.3117 0.1800 0.1667 10.8404 10.5904Sep 25, 2018 0.1440 0.1334 10.3437 10.1437 0.1800 0.1667 10.6403 10.3903Jun 25, 2018 - - - - 0.1800 0.1667 10.7399 10.4899

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 6.18% 10,618 7.58% 12,453 8.68% 15,162 8.33% 18,48927-Apr-11NIFTY Composite Debt Index (Benchmark) 5.73% 10,573 7.40% 12,390 8.82% 15,263 8.24% 18,381

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 7.11% 16,951Axis Dynamic Bond Fund - Direct Plan - Growth 7.11% 10,711 8.55% 12,792 9.87% 16,014 9.19% 16,947

01-Jan-13NIFTY Composite Debt Index (Benchmark) 5.73% 10,573 7.40% 12,390 8.82% 15,263 7.99% 15,860NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.84% 14,877Past 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 29 schemes. Please refer to annexure on Page 41& 43 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


Instrument Type/Issuer Name RATING % Of NAV



Punjab National Bank IND A+ 7.10%

Union Bank of India BWR AA 7.09%


Syndicate Bank CARE A+ 5.24%

Renew Power Limited CARE A+ 3.35%

Tata Power Company Limited CRISIL AA- 2.78%

India Infrastructure Fin Co Ltd CRISIL AAA 1.79%

Suhani Trading And Investment Con-sultants Private Limited

BWR A+(SO) 0.67%

GOVERNMENT BOND 29.86%

7.17% GOI (MD 08/01/2028) Sovereign 27.14%

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

8.35% GOI (MD 14/05/2022) Sovereign 0.69%

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

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


IIERT TRUST CRISIL AAA(SO) 3.50%

Zenith Trust ICRA A(SO) 1.85%

Solstice Trust ICRA AA-(SO) 0.77%


Ess Kay Fincorp Limited IND A(SO) 1.08%


GRAND TOTAL 100.00%

Corporate Bond 41.22%

Government Bond 29.86%

Pass Through Certificate 6.12%

Reduced Face Value Bonds - Non Amortisation 1.08%

Net Current Assets 21.72%

AAA, SOV & Equivalent 70.07% A+ 16.35% AA 7.09% AA- 3.55% A 2.94%


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


PORTFOLIO

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

244.61 Cr.


249.30 Cr.

BENCHMARK

NIFTY Corporate Bond Index

AVERAGE MATURITY*

2 yearsMODIFIED DURATION*


8.86%

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

Dec 26, 2018 0.0873 0.0808 10.1712 10.0500 0.0918 0.0850 10.1775 10.0500Nov 26, 2018 0.0602 0.0557 10.1404 10.0500 0.0650 0.0602 10.1336 10.0500Oct 25, 2018 0.0658 0.0610 10.1415 10.0500 0.0730 0.0676 10.1514 10.0500Sep 27, 2018 - - - - 0.0032 0.0029 10.0545 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 7.82% 10,782 NA NA NA NA 7.39% 11,10313-Jul-17NIFTY Corporate Bond Index (Benchmark) 5.93% 10,593 NA NA NA NA 5.42% 10,806

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 7.03% 11,049Axis Corporate Debt Fund - Direct Plan 8.75% 10,875 NA NA NA NA 8.33% 11,246

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 5.93% 10,593 NA NA NA NA 5.42% 10,806NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 7.03% 11,049Past 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 29 schemes. Please refer to annexure on Page 43 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

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




National Housing Bank CRISIL AAA 7.22%


BWR AAA 7.15%

HDFC Bank Limited CRISIL AAA 6.02%

Bank of BarodaCARE AA/IND

AAA5.93%

NRSS XXIX Transmission Limited CRISIL AAA 4.02%


Jamnagar Utilities & Power Private Limited

CRISIL AAA 3.97%

Magma Fincorp Limited ICRA AA- 3.97%









Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 0.40%


NABARD CRISIL A1+ 9.33%

Export Import Bank of India CRISIL A1+ 3.75%




IndoStar Capital Finance Limited CRISIL A1+ 3.88%






7.17% GOI (MD 08/01/2028) SOVEREIGN 1.98%




GRAND TOTAL 100.00%

Corporate Bond 65.44% Certificate of Deposit 13.08% Commercial Paper 11.75% Pass Through Certificate 3.63% Government Bond 1.98% Reduced Face Value Bonds - Non Amortisation 0.65% Net Current Assets 3.48%

AAA, SOV & Equivalent 85.04% A+ 6.29% AA- 4.77% A 1.97% AA 1.93%

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

ENTRY & EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Quarterly Dividend Dec 26, 2018 0.1440 0.1334 10.3747 10.1747 0.1800 0.1667 10.9823 10.7323Sep 25, 2018 0.1404 0.1300 10.2587 10.0638 0.1800 0.1667 10.8863 10.6363Jun 25, 2018 0.1440 0.1334 10.3468 10.1468 0.1800 0.1667 11.0014 10.7514

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

1,232.88 Cr.


1,222.36 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index

AVERAGE MATURITY*


*


9.68%

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

2012.

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

this fund since 1st June 2018

FUND MANAGER


PORTFOLIO

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

DIVIDENDS

22

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

AXIS STRATEGIC BOND FUND




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Growth 6.62% 10,662 8.56% 12,796 9.45% 15,712 8.85% 17,74328-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 5.62% 10,562 7.36% 12,378 8.55% 15,077 8.55% 17,416

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 7.46% 16,271Axis Strategic Bond Fund - Direct Plan - Growth 7.36% 10,736 9.34% 13,074 10.41% 16,408 9.46% 17,178

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 5.62% 10,562 7.36% 12,378 8.55% 15,077 8.08% 15,919NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.73% 14,767Past 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 29 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 43 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 75.89%



Dewan Housing Finance Corporation Limited CARE AAA/BWR AAA 3.45%

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 3.23%

PVR Limited CRISIL AA- 3.23%


Bharti Airtel Limited CRISIL AA 2.98%

Coastal Gujarat Power Limited CARE AA(SO) 2.87%

Jubilant Life Sciences Limited CRISIL AA 2.86%


ICICI Bank Limited ICRA AA+ 2.40%

JM Financial Products Limited ICRA AA/CRISIL AA 2.34%

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.27%

Bhopal Dhule Transmission Company Limited CRISIL AAA 2.15%

NRSS XXIX Transmission Limited CRISIL AAA 2.05%

LIC Housing Finance Limited CARE AAA 2.05%

JK Lakshmi Cement Limited CARE AA- 2.03%

Nirma Limited CRISIL AA 2.01%



Bank of Baroda CARE AA 1.84%


Vijaya Bank ICRA AA- 1.79%





Talwandi Sabo Power Limited CRISIL AA(SO) 1.32%

Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.23%

Dalmia Cement (Bharat) Limited ICRA AA 1.21%

Vedanta Limited CRISIL AA 0.97%



Tata Power Company Limited CRISIL AA- 0.76%


Sikka Ports and Terminals Limited CRISIL AAA 0.70%

Hansdeep Industries & Trading Company Limited CARE AA-(SO) 0.58%

Edelweiss Commodities Services Limited ICRA AA 0.52%

Reliance Industries Limited CRISIL AAA 0.41%

ECL Finance Limited ICRA AA 0.40%


Hindalco Industries Limited CRISIL AA 0.17%


RENT-A-DEVICE TRUST ICRA AAA(SO) 2.78%




Solstice Trust ICRA AA-(SO) 0.69%


7.17% GOI (MD 08/01/2028) Sovereign 3.23%

8.35% GOI (MD 14/05/2022) Sovereign 0.13%

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 0.003%


JSW Techno Projects Management Limited BWR A(SO) 2.12%

IIFL Home Finance Limited CRISIL AA 0.83%


Subros Limited ICRA AA- 0.97%

Narmada Wind Energy Private Limited CARE A+(SO) 0.79%

IKF Finance Limited CARE A- 0.58%


Asirvad Microfinance Ltd CRISIL A+ 0.12%


8.19% RAJASTHAN UDAY BOND (MD 23/06/2026) Sovereign 0.21%


GRAND TOTAL 100.00%

Corporate Bond 75.89% Pass Through Certificate 7.21% Government Bond 3.57% Zero Coupon Bond 2.95% Reduced Face Value Bonds - Non Amortisation 2.90% State Government Bond 0.21% Net Current Assets 7.27%

AAA, SOV & Equivalent 40.77% AA 24.12% AA- 14.43% A+ 12.13% A 4.18% AA+ 3.79% A- 0.58%

ENTRY & EXIT LOAD

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Dec 26, 2018 0.0695 0.0643 10.1953 10.0988 0.0758 0.0701 10.1480 10.0428Monthly Dividend

Nov 26, 2018 0.0526 0.0487 10.1660 10.0929 0.0597 0.0553 10.1202 10.0372Oct 25, 2018 0.0372 0.0344 10.1393 10.0876 0.0478 0.0442 10.0995 10.0331

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

PORTFOLIO

DATE OF ALLOTMENT


1,686.98 Cr.


1,684.88 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index

AVERAGE MATURITY*


*


9.88%



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)

23

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 5.86% 10,586 7.35% 12,373 NA NA 8.21% 14,22215-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 6.76% 10,676 8.27% 12,695 NA NA 9.05% 14,722

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.61% 13,873Axis Credit Risk Fund - Direct Plan - Growth 7.17% 10,717 8.73% 12,857 NA NA 9.45% 14,968

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 6.76% 10,676 8.27% 12,695 NA NA 9.05% 14,722NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.61% 13,873Past 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 29 schemes. Please refer to annexure on Page 43 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).



Instrument Type/Issuer Name RATING% Of NAV

CORPORATE BOND 73.67%Dewan Housing Finance Corporation Limited BWR AAA 4.69%PVR Limited CRISIL AA- 3.78%Nirma Limited CRISIL AA 3.33%

Talwandi Sabo Power LimitedCRISIL AA(SO)/CRISIL

AA-(SO)3.25%

Dalmia Cement (Bharat) Limited ICRA AA 3.24%Tata Power Company Limited IND AA/CRISIL AA- 3.03%Bank of Baroda CARE AA 2.89%Hinduja Leyland Finance Limited CARE AA- 2.75%Coastal Gujarat Power Limited CARE AA(SO) 2.67%Edelweiss Commodities Services Limited ICRA AA/CRISIL AA 2.60%Birla Corporation Limited ICRA AA 2.59%Renew Power Limited CARE A+ 2.37%Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.36%

Piramal Enterprises Limited ICRA AA 2.36%Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.31%IndoStar Capital Finance Limited CARE AA- 2.29%JK Lakshmi Cement Limited CARE AA- 2.07%ECL Finance Limited ICRA AA 2.04%Indiabulls Housing Finance Limited BWR AAA 1.95%Northern Arc Capital Limited ICRA A+ 1.71%Jubilant Life Sciences Limited CRISIL AA 1.49%LIC Housing Finance Limited CARE AAA 1.49%Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.48%Power Finance Corporation Limited CRISIL AAA 1.47%Muthoot Finance Limited CRISIL AA 1.46%Hansdeep Industries & Trading Company Limited CARE AA-(SO) 1.37%Vodafone Mobile Services Limited CRISIL A+ 1.35%Magma Fincorp Limited ICRA AA- 1.23%Bhopal Dhule Transmission Company Limited CRISIL AAA 1.15%Reliance Jio Infocomm Limited CRISIL AAA 1.09%Union Bank of India BWR AA 0.99%HDFC Limited CRISIL AAA 0.89%Nuvoco Vistas Corporation Limited CRISIL AA 0.88%Syndicate Bank CARE A+ 0.87%Punjab National Bank IND A+ 0.86%Power Grid Corporation of India Limited CRISIL AAA 0.35%Food Corporation Of India CRISIL AAA(SO) 0.31%Bharti Airtel Limited CRISIL AA 0.29%Vijaya Bank ICRA AA- 0.18%JM Financial Products Limited CRISIL AA 0.06%REC Limited CRISIL AAA 0.06%Vedanta Limited CRISIL AA 0.06%NABARD CRISIL AAA 0.01%PASS THROUGH CERTIFICATE 10.10%Sansar Trust ICRA AAA(SO) 3.94%Zenith Trust ICRA A(SO) 2.55%IIERT TRUST CRISIL AAA(SO) 1.43%RENT-A-DEVICE TRUST ICRA AAA(SO) 1.37%Solstice Trust ICRA AA-(SO) 0.82%REDUCED FACE VALUE BONDS - NON AMORTISATION

6.06%

Narmada Wind Energy Private Limited CARE A+(SO) 2.29%IKF Finance Limited CARE A- 1.67%Asirvad Microfinance Ltd CRISIL A+ 1.02%Ess Kay Fincorp Limited IND A(SO) 0.61%Subros Limited ICRA AA- 0.47%ZERO COUPON BOND 3.81%JSW Techno Projects Management Limited BWR A(SO) 2.46%IIFL Home Finance Limited CRISIL AA 1.35%STATE GOVERNMENT BOND 0.38%8.27% Rajasthan UdayBond (MD 23/06/2022) Sovereign 0.21%8.15% Rajasthan UDAY BOND (MD 23/06/2021) Sovereign 0.12%8.19% Rajasthan UDAY BOND (MD 23/06/2026) Sovereign 0.06%GOVERNMENT BOND 0.27%6.79% GOI (MD 15/05/2027) Sovereign 0.11%8.83% GOI (MD 25/11/2023) Sovereign 0.09%7.59% GOI (MD 20/03/2029) Sovereign 0.03%7.35% GOI (MD 22/06/2024) Sovereign 0.03%7.59% GOI(MD 11/01/2026) Sovereign 0.004%NET CURRENT ASSETS 5.71%GRAND TOTAL 100.00%

Corporate Bond 73.67% Pass Through Certificate 10.10% Reduced Face Value Bonds - Non

Amortisation6.06%

Zero Coupon Bond 3.81% State Government Bond 0.38% Government Bond 0.27% Net Current Assets 5.71%

AA 33.85% AAA, SOV & Equivalent 28.82% AA- 17.20% A+ 12.84% A 5.62% A- 1.67%

ENTRY & EXIT LOAD

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Half Yearly Dividend

Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -Sep 25, 2017 0.3611 0.3345 11.8824 11.3824 - - - -Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Dec 26, 2018 0.1085 0.1005 10.3157 10.1650 0.1113 0.1030 10.3202 10.1656Nov 26, 2018 0.0728 0.0674 10.1372 10.0360 0.0760 0.0704 10.1428 10.0367

Regular Dividend Oct 25, 2018 0.0333 0.0308 10.0579 10.0116 0.0367 0.0340 10.0639 10.0129Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months.

PORTFOLIO

RATING % OF ASSETS


7.17% GOI (MD 08/01/2028) Sovereign 47.22%

8.60% GOI (MD 02/06/2028) Sovereign 5.77%

TREASURY BILL 27.99%



GRAND TOTAL 100.00%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

37.20 Cr.


35.54 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index

AVERAGE MATURITY*



7.03%


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)

24


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 5.24% 10,524 6.68% 12,145 8.22% 14,847 6.72% 15,70423-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 7.61% 10,761 7.67% 12,483 8.90% 15,319 7.61% 16,639

Axis Gilt Fund - Direct Plan - Growth 5.79% 10,579 7.24% 12,335 8.77% 15,229 7.18% 15,15901-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 7.61% 10,761 7.67% 12,483 8.90% 15,319 7.38% 15,327

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 29 schemes. Please refer to annexure on Page 43 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Government Bond 52.98% Treasury Bill 27.99% Net Current Assets 19.03%

AAA, SOV & Equivalent 100.00%

ENTRY & EXIT LOAD




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendDec 26, 2018 8.7047 8.0606 1,021.0714 1,008.9869 8.8735 8.2167 1,021.3076 1008.9890Nov 26, 2018 9.7998 9.0746 1,021.0659 1,007.4611 10.1032 9.3559 1,021.4887 1007.4622Oct 25, 2018 3.5657 3.3018 1,012.4113 1007.4611 3.9305 3.6389 1,012.9178 1007.4622


PORTFOLIO

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

2,008.38 Cr.


2,301.82 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index

AVERAGE MATURITY*



8.20%



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)

25

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 7.52% 10,752 7.70% 12,494 8.17% 14,813 8.35% 16,93408-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 5.36% 10,536 7.00% 12,253 8.22% 14,848 8.23% 16,809

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.56% 16,143Axis Banking & PSU Debt Fund - Direct Plan - Growth 7.83% 10,783 7.93% 12,574 8.39% 14,963 8.46% 16,276

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 5.36% 10,536 7.00% 12,253 8.22% 14,848 7.99% 15,859NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.57% 15,494Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ̀ 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 5 schemes at Axis Mutual Fund. Please refer to annexure on Page 42 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).





NABARD CRISIL AAA 11.15%



Food Corporation Of India CRISIL AAA(SO) 8.32%


National Highways Auth Of Ind CRISIL AAA 6.85%



NHPC Limited ICRA AAA 2.50%

State Bank of India CRISIL AAA 2.22%



Indian Railway Finance Corporation Limited

CRISIL AAA 0.85%


Jamnagar Utilities & Power Private Limited CRISIL AAA 0.83%




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

Sovereign 1.71%

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

Sovereign 1.10%


GRAND TOTAL 100.00%

Corporate Bond 86.74% Zero Coupon Bond 3.34% State Government Bond 2.81% Net Current Assets 7.11%


ENTRY & EXIT LOAD


Quick Take - Equity

•

•

•

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

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

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

Quick Take - Fixed Income•••

•

Long bonds are likely to trade range bound given fiscal uncertainty. Short tenor bonds look attractive from a risk reward perspective.We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds.

OMO’s low inflation and fall in crude have led to a material fall in yields over the last three months.Likely retracement in inflation and concerns over fiscal deficit will limit the scope of further rate cuts.

10 yr G-Sec : Last 1 year

7.36%

7.08%

3.2%

Key highlights

HYBRIDOUTLOOK

JANUARY 2019

Equity Markets closed the year with a minor negative bias for the month. Frontline indices S&P BSE Sensex & NIFTY 50 were down -0.3% and -0.1% respectively. For the year however, the indices remained positive up 5.9% and 3.1% respectively. Mid and small caps saw a positive month after a year of heightened volatility. NIFTY Midcap 100 Index & NIFTY Small cap 100 Index were up 2.1% & 3.7% respectively for the month. Foreign Portfolio Investors (FPI) showed renewed faith adding to their holdings across equity and debt markets in the latter half of the calendar year as India continued to remain a favorable destination for foreign money in an otherwise uncertain EM basket. Additions in November & December 2018 cumulatively amounted to Rs. 19,484 Cr. For the year however, FPI’s were net sellers as part of a wider negative bias towards the EM basket. Domestic mutual fund inflows continue to remain strong as retail sentiment in equities remained positive despite the market correction. SIP inflows for the month of November stood at Rs 7,985 Cr.

• 10 Year at 7.36%: The benchmark yield on the 10 Year G-Sec fell 25bps during the month to 7.36%. Bond markets have been driven by the influx of liquidity from the RBI through OMOs. Expected FY19 OMO’s of Rs 3.5lakh Cr is equal to G-Sec supply for the year. The OMO’s have been a major reason for the move in G-Sec yields in the second half of the year.

• Inflation – Remains Benign: Consumer price inflation eased further to 2.3% in November V/s 3.4% (Revised) in October. Benign food inflation and softening crude prices remained key reasons despite attempts by the government to prop up crop prices through hikes in MSP earlier this year. Core inflation, however, remained steady at 5.7% in November.

Key Events During the Month

• High real rates: Tepid inflation figures, well below the RBI’s target rate has led to real rates at historic highs making it amongst the most attractive debt markets in the EM basket. A stable currency and high yields are likely to attract foreign investors given stable macro-economic factors.

• Elections & the Fisc: Persistently low inflation and fall in crude prices have reversed market sentiments positively. As we approach election season, the government has rolled out several welfare initiatives which is likely to impact the fiscal situation. The quantum of such policies will be assessed by the market in the coming months.

• US Fed – Positive on US Growth: The US Fed continued to raise rates citing a strong labor market and economic activity. Optimism on the health of the US economy continues to remain a positive for global markets given geo-political uncertainty..


Investors

Equity Investors

Debt Investors

••

•

•

•

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

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

Distributors

•

•

•




26

Source: Bloomberg, Axis MF Research.

Please refer to page no 38-39, 43, 44-44 for NAV, TER, Riskometer & Statutory Details.27

COMPOSITION BY RATING (%)DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

757.15 Cr.


758.93 Cr.

BENCHMARK

NIFTY50 Equity Savings Index

Mr. Anupam TiwariWork experience: 13 years.

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



FUND MANAGER

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

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

AVERAGE MATURITY@*


@*


9.08%PORTFOLIO TURNOVER# (1 YEAR)

4.61 times


Issuer Industry/Rating Equity Exposure

Derivate Exposure

Net Exposure % of Net Assets

EQUITY 66.13% -26.87% 39.26%HDFC Bank Limited Banks 4.60% -0.15% 4.44%Reliance Industries Limited Petroleum Products 4.19% -0.72% 3.47%HDFC Limited Finance 5.30% -2.41% 2.89%Infosys Limited Software 2.65% 2.65%Tata Consultancy Services Limited Software 2.63% -0.02% 2.61%Kotak Mahindra Bank Limited Banks 2.44% 2.44%Hindustan Unilever Limited Consumer Non Durables 3.05% -1.06% 2.00%Britannia Industries Limited Consumer Non Durables 2.27% -0.30% 1.97%Bandhan Bank Limited Banks 1.93% 1.93%Bajaj Finance Limited Finance 1.95% -0.04% 1.90%Sundaram Finance Limited Finance 1.38% 1.38%Mahindra & Mahindra Financial Services Limited Finance 7.18% -5.82% 1.36%ICICI Bank Limited Banks 2.10% -0.77% 1.32%Cholamandalam Investment and Finance Company Limited

Finance 1.08% 1.08%

Maruti Suzuki India Limited Auto 4.50% -3.48% 1.02%Cummins India Limited Industrial Products 1.01% 1.01%Nestle India Limited Consumer Non Durables 0.99% 0.99%TCNS Clothing Co. Limited Textile Products 0.94% 0.94%Asian Paints Limited Consumer Non Durables 0.91% 0.91%Voltas Limited Construction Project 0.73% 0.73%Wipro Limited Software 0.66% 0.66%Larsen & Toubro Limited Construction Project 0.65% 0.65%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.89%DEBT SECURITIES 33.87%CORPORATE BOND 20.52%REC Limited CRISIL AAA 3.92%ICICI Bank Limited ICRA AA+ 3.41%Reliance Industries Limited CRISIL AAA 2.53%Punjab National Bank IND A+ 2.41%Piramal Capital & Housing Finance Limited ICRA AA+ 1.71%Bank of Baroda CARE AA 1.53%Dewan Housing Finance Corporation Limited BWR AAA 1.30%Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.88%

Power Grid Corporation of India Limited CRISIL AAA 0.67%Union Bank of India BWR AA 0.63%NABARD CRISIL AAA 0.62%Muthoot Finance Limited CRISIL AA 0.53%Syndicate Bank CARE A+ 0.39%FIXED DEPOSIT 8.43%HDFC Bank Limited FIXED DEPOSIT 8.43%GOVERNMENT BOND 3.38%7.17% GOI (MD 08/01/2028) Sovereign 2.60%8.28% GOI (M/D 21/09/2027) Sovereign 0.69%7.72% GOI (MD 26/10/2055) Sovereign 0.05%7.35% GOI (MD 22/06/2024) Sovereign 0.03%PASS THROUGH CERTIFICATE 0.26%IIERT TRUST CRISIL AAA(SO) 0.26%CASH & OTHER NET CURRENT ASSETS 1.27%NET ASSETS 100.00%

PORTFOLIO

Unhedged Equity 39.26% Debt, Cash & Other receivables 33.87% Hedged Equity 26.87%



AAA, SOV & Equivalent 22.39% AA+ 6.00% A+ 2.80% AA 2.69%



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Dec 26, 2018 0.0553 0.0553 10.6025 10.5400 0.0553 0.0553 11.0225 10.9600Nov 26, 2018 0.0553 0.0553 10.5500 10.4800 0.0553 0.0553 10.9500 10.8800

Monthly Dividend Oct 25, 2018 0.0553 0.0553 10.2925 10.2300 0.0553 0.0553 10.6725 10.6100

Quarterly DividendDec 26, 2018 0.1660 0.1660 10.7575 10.5700 0.1660 0.1660 11.1875 11.0000Sep 25, 2018 0.1660 0.1660 10.8975 10.7100 0.1660 0.1660 11.2975 11.1100Jun 25, 2018 0.1660 0.1660 11.0100 10.8200 0.1660 0.1660 11.3800 11.1900Mar 26, 2018 0.1875 0.1875 10.7975 10.6100 0.1875 0.1875 11.1175 10.9300


DIVIDENDS


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


CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value ofInvestment of`. 10,000/-

CAGR (%)


CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Equity Saver Fund - Regular Plan - Growth 5.14% 10,514 7.28% 12,348 NA NA 6.59% 12,41014-Aug-15NIFTY50 Equity Savings Index (Benchmark) 5.47% 10,547 8.65% 12,828 NA NA 7.46% 12,756

Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 8.80% 13,303Axis Equity Saver Fund - Direct Plan - Growth 6.30% 10,630 8.55% 12,792 NA NA 7.87% 12,920

14-Aug-15NIFTY50 Equity Savings Index (Benchmark) 5.47% 10,547 8.65% 12,828 NA NA 7.46% 12,756Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 8.80% 13,303Past 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 41 & 42 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

ENTRY & EXIT LOAD

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


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

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

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

29

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,432.14 Cr.


2,412.21 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index

AVERAGE MATURITY*

1 yearMODIFIED DURATION*

0.8 yearPORTFOLIO YIELD (YIELD TO MATURITY&)

8.53%

Mr. Anupam TiwariWork experience: 13 years.


Mr. Ashwin PatniWork experience: 16 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 20 years.



Issuer Industry/Rating Equity Exposure

Derivate Exposure


EQUITY 65.87% -31.61% 34.26%

HDFC Bank Limited Banks 4.34% -1.22% 3.12%

Reliance Industries Limited Petroleum Products 5.74% -3.11% 2.64%

Tata Consultancy Services Limited Software 2.33% -0.43% 1.91%

Infosys Limited Software 2.94% -1.27% 1.66%

Hindustan Unilever LimitedConsumer Non Durables

2.26% -0.60% 1.65%

HDFC Limited Finance 3.02% -1.41% 1.61%

Kotak Mahindra Bank Limited Banks 1.73% -0.28% 1.44%

Bandhan Bank Limited Banks 1.42% 1.42%

Britannia Industries LimitedConsumer Non Durables

2.65% -1.25% 1.40%

Sundaram Finance Limited Finance 1.37% 1.37%

Bajaj Finance Limited Finance 2.40% -1.08% 1.32%

Nestle India LimitedConsumer Non Durables

1.41% -0.18% 1.22%

Mahindra & Mahindra Financial Services Limited

Finance 1.29% -0.10% 1.20%

TCNS Clothing Co. Limited Textile Products 1.05% 1.05%

ICICI Bank Limited Banks 2.29% -1.30% 1.00%

Larsen & Toubro Limited Construction Project 1.08% -0.13% 0.96%

City Union Bank Limited Banks 0.89% 0.89%


Finance 0.82% 0.82%

Maruti Suzuki India Limited Auto 2.62% -1.88% 0.73%

MRF Limited Auto Ancillaries 0.77% -0.05% 0.72%

Endurance Technologies Limited Auto Ancillaries 0.72% 0.72%

Page Industries Limited Textile Products 0.70% 0.70%

Varroc Engineering Limited Auto Ancillaries 0.67% 0.67%

Wipro Limited Software 3.50% -2.87% 0.63%

Divi's Laboratories Limited Pharmaceuticals 0.61% 0.61%

Cummins India Limited Industrial Products 0.54% 0.54%

ACC Limited Cement 0.57% -0.04% 0.53%

Amber Enterprises India Limited Consumer Durables 0.51% 0.51%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS)

1.22%

DEBT SECURITIES




Shriram Transport Finance Company Limited

CRISIL AA+ 1.73%




Tata Power Company Limited IND AA 1.19%



CARE AAA 1.01%


NABARD IND AAA 0.83%


BWR AAA 0.79%




Piramal Enterprises Limited ICRA AA 0.41%

Rec Limited CRISIL AAA 0.21%

PORTFOLIO

Unhedged Equity 34.26% Debt, Cash & Other receivables 34.13% Hedged Equity 31.61%



AAA, SOV & Equivalent 23.02% AA 5.33% AA+ 3.29% AA- 1.80% A+ 0.70%



Period 1 Year Since Inception

CAGR (%)


CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Dynamic Equity Fund - Regular Plan - Growth 2.67% 10,267 4.89% 10,7001-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.46% 10,546 5.53% 10,792

Nifty 50 (Additional Benchmark) 4.61% 10,461 6.44% 10,925Axis Dynamic Equity Fund - Direct Plan - Growth 4.46% 10,446 6.69% 10,960

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.46% 10,546 5.53% 10,792Nifty 50 (Additional Benchmark) 4.61% 10,461 6.44% 10,925Past 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 & Ashwin Patni is managing the scheme since inception and he manages 18 schemes. Please refer to annexure on Page 41& 42 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

Issuer Industry/RatingEquity Expo-sure

Derivate Exposure


Piramal Capital & Housing Finance Limited

ICRA AA+ 0.21%




Larsen & Toubro Limited CRISIL AAA 0.04%

FIXED DEPOSIT 6.63%

HDFC Bank Limited FIXED DEPOSIT 6.63%



Cholamandalam Investment And Finance Company Limited

ICRA AA+ 0.35%

CASH & OTHER NET CURRENT ASSETS 9.25%

NET ASSETS 100.00%

ENTRY & EXIT LOAD

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


AXIS EQUITY HYBRID FUND

31

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

The Scheme does not assure or guarantee any returns.

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


PORTFOLIO

MONTHLY AVERAGE

2,248.31 Cr.


2,246.40 Cr.

BENCHMARK

CRISIL Hybrid 35+65 - Aggres-

sive Index

Mr. Ashish Naik Work experience: 11 years.




FUND MANAGER

DATE OF ALLOTMENT

9th August 2018

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

Instrument Type/Issuer Name Industry/ Rating % OF NAV

EQUITY 76.60%











ITC Limited Consumer Non Durables 2.53%









Shree Cement Limited Cement 1.62%


Sun Pharmaceutical Industries Limited Pharmaceuticals 1.22%


Torrent Pharmaceuticals Limited Pharmaceuticals 1.14%

Container Corporation of India Limited Transportation 1.07%

PI Industries Limited Pesticides 0.98%


Hero MotoCorp Limited Auto 0.90%

Max Financial Services Limited Finance 0.82%

Tech Mahindra Limited Software 0.82%


UltraTech Cement Limited Cement 0.73%

HDFC Standard Life Insurance Company Limited Finance 0.62%




DEBT SECURITIES

CBLO/TRI PARTY REPO 1.74%





NABARD ICRA A1+ 2.21%



HDFC Bank Limited CRISIL AAA 2.67%


Dewan Housing Finance Corporation Limited CARE AAA 1.09%






MARGIN FIXED DEPOSIT 1.11%

HDFC Bank Limited 1.11%

NET CURRENT ASSETS -0.40%

NET ASSETS 100.00%


AVERAGE MATURITY*@

1.8 yearsMODIFIED DURATION*@


7.75%

DEBT COMPONENT


EQUITY 76.60% Debt, Cash & other current assets 23.40%



AA+ 0.44%

ENTRY & EXIT LOAD

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

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

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

Quarterly Dividend

Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Dec 26, 2018 0.1800 0.1667 10.7750 10.5250 0.1800 0.1667 13.5027 13.2527Sep 25, 2018 - - - - 0.1800 0.1667 13.5143 13.2643Jun 25, 2018 0.1440 0.1334 10.8254 10.6254 0.1800 0.1667 13.7449 13.4949

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

PORTFOLIO

Instrument Type/Issuer Name Industry/Rating

% OF NAV

EQUITY 19.75%HDFC Bank Limited Banks 1.87%Kotak Mahindra Bank Limited Banks 1.42%


Bandhan Bank Limited Banks 0.91%ICICI Bank Limited Banks 0.79%

Motherson Sumi Systems Limited Auto Ancil-laries 0.73%

Bajaj Finance Limited Finance 0.73%HDFC Limited Finance 0.71%Info Edge (India) Limited Software 0.70%Maruti Suzuki India Limited Auto 0.67%Avenue Supermarts Limited Retailing 0.65%Shree Cement Limited Cement 0.64%Eicher Motors Limited Auto 0.62%

Endurance Technologies Limited Auto Ancil-laries 0.62%


Page Industries Limited Textile Prod-ucts 0.55%

Multi Commodity Exchange of India Limited Finance 0.54%Mahindra & Mahindra Financial Services Limited Finance 0.54%

Tata Consultancy Services Limited Software 0.52%PI Industries Limited Pesticides 0.52%





DEBT SECURITIESCORPORATE BOND 67.67%Power Finance Corporation Limited CRISIL AAA 10.34%Reliance Jio Infocomm Limited CRISIL AAA 9.52%Mahindra & Mahindra Financial Services Limited IND AAA 8.49%

Adani Transmission Limited IND AA+ 6.84%Dewan Housing Finance Corporation Limited BWR AAA 6.76%

HDFC Limited CRISIL AAA 5.14%Renew Power Limited CARE A+ 3.76%NABARD CRISIL AAA 3.43%National Highways Auth Of Ind CRISIL AAA 3.35%REC Limited CRISIL AAA 3.35%Muthoot Finance Limited CRISIL AA 3.29%Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 1.70%

Magma Fincorp Limited ICRA AA- 1.69%Blue Dart Express Limited ICRA AA 0.01%CERTIFICATE OF DEPOSIT 3.38%IndusInd Bank Limited CRISIL A1+ 3.38%COMMERCIAL PAPER 3.31%Indiabulls Housing Finance Limited CRISIL A1+ 3.31%TREASURY BILL 1.70%91 DAYS TBILL Sovereign 1.70%NET CURRENT ASSETS 4.19%NET ASSETS 100.00%

DATE OF ALLOTMENT


293.77 Cr.


292.40 Cr.

AVERAGE MATURITY@*

1yearMODIFIED DURATION

@*


8.74%

Mr. Ashish NaikWork experience: 11 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER


He has been managing this fund since 07th June 2016

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

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

DIVIDENDS

32

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Growth 3.18% 10,318 6.42% 12,053 9.09% 15,457 7.93% 19,08616-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index

(Benchmark)6.34% 10,634 8.86% 12,902 9.57% 15,795 8.94% 20,653

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 NA NAAxis Regular Saver Fund - Direct Plan - Growth 4.34% 10,434 7.82% 12,538 10.67% 16,604 9.84% 17,553

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

6.34% 10,634 8.86% 12,902 9.57% 15,795 9.24% 16,978

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.77% 14,806Past 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 29 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 41& 43 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


COMPOSITION BY ASSETS (%) Corporate Bond 67.67% Equity 19.75% Certificate of Deposit 3.38% Commercial Paper 3.31% Treasury Bill 1.70% Net Current Assets 4.19%


AAA, SOV & Equivalent 58.77% AA+ 6.84% A+ 5.45% AA 3.30% AA- 1.69%

ENTRY & EXIT LOAD

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


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

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

33


PORTFOLIO

Issuer Industry/Rating


EQUITY 67.57%






Larsen & Toubro LimitedConstruction Project

2.58%












1.50%



1.47%






Asian Paints LimitedConsumer Non Durables

1.32%





V-Guard Industries LimitedIndustrial Capital Goods

1.14%



Camlin Fine Sciences Limited Chemicals 0.66%

Blue Dart Express Limited Transportation 0.55%

HDFC Standard Life Insurance Company Limited Finance 0.53%


DEBT SECURITIES











HDFC LIMITED CRISIL AAA 0.51%




7.17% GOI (MD 08/01/2028) Sovereign 4.74%

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





NET ASSETS 100.00%



DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

390.46 Cr.


393.53 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index

AVERAGE MATURITY@*


@*


8.67%


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

0.19% 10,019 7.81% 12,534 8.10% 12,699

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 13.34% 14,682Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

1.78% 10,178 9.56% 13,156 9.86% 13,34108-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 11.45% 13,942

Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 13.34% 14,682Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

0.19% 10,019 7.81% 12,532 8.10% 12,69708-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 11.45% 13,942

Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 13.34% 14,682Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

1.88% 10,188 9.84% 13,257 10.15% 13,450

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 13.34% 14,682Past 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 6 schemes & R. Sivakumar manages 7 schemes. Please refer to annexure on Page 41 for performance of all schemes managed by the fund managers.

COMPOSITION BY ASSETS (%) Unhedged Equity 67.57% Debt, Cash & Other receivables 32.43%

AAA, SOV & Equivalent 17.17% AA+ 6.26% AA 4.48% AA- 2.52% A+ 2.01%

ENTRY & EXIT LOAD

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


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

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

34


PORTFOLIO

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

280.69 Cr.


282.84 Cr.

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

Index + 15% of INR Price of Gold

AVERAGE MATURITY@*

3.8 years


He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER


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

Regular Plan

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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

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

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Triple Advantage Fund - Growth 1.86% 10,186 8.14% 12,649 8.07% 14,744 7.73% 18,643

23-Aug-1065% of Nifty 50 + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold (Benchmark)

5.59% 10,559 11.14% 13,731 11.02% 16,871 9.20% 20,868

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

6.08% 10,608 6.98% 12,247 8.52% 15,053 NA NA

Axis Triple Advantage Fund - Direct Plan - Growth

2.87% 10,287 9.34% 13,076 9.29% 15,594 7.76% 15,660

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

5.59% 10,559 11.14% 13,731 11.02% 16,871 9.65% 17,382

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

6.08% 10,608 6.98% 12,247 8.52% 15,053 6.84% 14,877

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 7 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 41 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR).

MODIFIED DURATION@*



0.89 times



EQUITY 67.55%





Larsen & Toubro LimitedConstruction Project

3.16%










2.05%


Container Corporation of India Limited Transportation 1.90%




1.52%






Asian Paints LimitedConsumer Non Durables

1.22%


Camlin Fine Sciences Limited Chemicals 0.92%



Blue Dart Express Limited Transportation 0.62%


DEBT SECURITIES





Sikka Ports and Terminals Limited CRISIL AAA 1.45%

India Infrastructure Fin Co Ltd CRISIL AAA 0.94%



Hindalco Industries Limited CRISIL AA 0.18%


7.17% GOI (MD 08/01/2028) Sovereign 3.49%

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

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

GOLD 11.35%

Axis Mutual Fund 11.35%


NET ASSETS 100.00%

COMPOSITION BY ASSETS (%) Unhedged Equity 67.55% Debt, Cash & Other receivables 21.09% Gold 11.35%


AAA, SOV & Equivalent 20.06% AA 1.03%

ENTRY & EXIT LOAD

Entry Load :NA

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

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

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


DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

2,147.50 Cr.


2,215.48 Cr.

BENCHMARK

Nifty 50 Arbitrage Index

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

27th April 2015

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

inception.

FUND MANAGER

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

(An Open Ended Scheme Investing In Arbitrage Opportunities )

35

AVERAGE MATURITY*@

63 daysMODIFIED DURATION*@



12.08 times



% Of Net Asset

Exposure EQUITY 65.96%

Sun Pharmaceutical Industries Limited Pharmaceuticals 7.68%


Reliance Industries LimitedPetroleum Products

5.74%




Mahindra & Mahindra Limited Auto 2.30%

Tata Steel Limited Ferrous Metals 1.70%


ITC LimitedConsumer Non Durables

1.58%

Century Textiles & Industries Limited Cement 1.52%

United Spirits LimitedConsumer Non Durables

1.20%

Bharat Forge Limited Industrial Products 1.07%


Yes Bank Limited Banks 0.98%



Cadila Healthcare Limited Pharmaceuticals 0.92%

Tata Global Beverages LimitedConsumer Non Durables

0.85%

Punjab National Bank Banks 0.76%

UPL Limited Pesticides 0.67%

Adani Power Limited Power 0.65%

HCL Technologies Limited Software 0.60%


Torrent Power Limited Power 0.54%

Vedanta LimitedNon - Ferrous Metals

0.53%

Tech Mahindra Limited Software 0.53%

Titan Company LimitedConsumer Durables

0.53%

Jindal Steel & Power Limited Ferrous Metals 0.50%


DEBT SECURITIES


NABARD CRISIL A1+ 1.79%

Equitas Small Finance Bank Limited CRISIL A1+ 1.12%






IndoStar Capital Finance Limited CRISIL A1+ 0.65%

HDFC Limited ICRA A1+ 0.45%

HDFC Limited CRISIL A1+ 0.22%

Aditya Birla Capital Limited CRISIL A1+ 0.22%



NABARD IND AAA 1.13%

Tata Capital Financial Services Limited CRISIL AAA 1.12%



ICRA AA+ 0.45%

India Infoline Finance Limited ICRA AA 0.45%




L&T Finance Limited ICRA AAA 0.17%


FIXED DEPOSIT 12.41%

HDFC Bank Limited Fixed Deposit 12.41%


Dewan Housing Finance Corporation Limited CARE AAA 1.09%



NET ASSETS 100.00%

PORTFOLIO


CAGR (%)


CAGR (%)


CAGR (%)


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Arbitrage Fund - Regular Plan - Growth 6.08% 10,608 6.09% 11,943 NA NA 6.51% 13,185

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.43% 10,443 5.11% 11,613 NA NA 5.94% 12,878

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.58% 13,773

Axis Arbitrage Fund - Direct Plan - Growth 6.94% 10,694 6.96% 12,239 NA NA 7.40% 13,673

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.43% 10,443 5.11% 11,613 NA NA 5.94% 12,878

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.58% 13,773Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.Devang Shah is managing the scheme since inception and he manages 29 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 18 schemes. Please refer to annexure on Page 42&43 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Dec 19, 2018 0.0442 0.0442 10.5147 10.4647 0.0442 0.0442 11.0436 10.9936

Dividend

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

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

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

36

Axis Bluechip Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 10,70,000 6,00,000 3,60,000 1,20,000

Market value as on December 31, 2018 19,61,117 8,12,201 4,39,479 1,23,157

Returns (Annualised) 13.14% 12.06% 13.39% 4.91%

Benchmark Returns (Annualised) 11.30% 10.67% 11.67% 2.97%

Additional Benchmark Returns (Annualised) 11.55% 11.09% 12.92% 4.75%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st December 2018)

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

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

Axis Long Term Equity Fund - Growth Option

SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 10,80,000 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. Additional Benchmak: Nifty 50. Inception Date: Dec 29, 2009. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Midcap Fund - Growth Option




Benchmark Returns (Annualised) 15.28% 12.78% 8.17% -6.12%


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

Axis Focused 25 Fund - Growth Option

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

Total Amount Invested 7,80,000 6,00,000 3,60,000 1,20,000


Returns (Annualised) 15.15% 14.15% 13.54% -0.74%



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

Axis Equity Saver Fund - Growth Option

SIP Investments Since Inception SIP 3 Year SIP 1 Year SIPTotal Amount Invested 4,00,000 3,60,000 1,20,000

Market value as on December 31, 2018 4,52,134 4,02,195 1,22,702

Returns (Annualised) 7.30% 7.33% 4.20%

Benchmark Returns (Annualised) 8.12% 8.05% 5.23%

Additional Benchmark Returns (Annualised) 11.68% 11.67% 2.97%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Equity Savings Index. Additional Benchmak: Nifty 50. Inception Date: August 14, 2015. This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them.

37

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

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

Market value as on December 31, 2018 1,45,087 1,23,316

Returns (Annualised) 5.91% 5.16%

Benchmark Returns (Annualised) -0.82% -1.55%

Additional Benchmark Returns (Annualised) 3.95% 2.97%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st December 2018)

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

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 500. Additional Benchmak: Nifty 50 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 - Growth Option



Returns (Annualised) 12.99% 12.21% 7.69% -2.88%

Benchmark Returns (Annualised) 6.63% 5.83% -0.50% -22.93%


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




Additional Benchmark Returns (Annualised) N/A 7.03% 5.63% 12.12%^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. Additional Benchmak: NIFTY 50. 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) N/A 7.03% 5.61% 12.05%

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

Axis Dynamic Equity Fund - Growth Option

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

Market value as on December 31, 2018 1,73,907 1,21,057

Returns (Annualised) 3.07% 1.64%

Benchmark Returns (Annualised) 6.17% 6.26%

Additional Benchmark Returns (Annualised) 5.15% 2.97%

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

NAV

38

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 2028.1602Monthly Dividend 1001.9194Weekly Dividend 1002.0913Retail Daily Dividend 1000.9559Retail Growth 1917.3412Retail Monthly Dividend 1001.2591Retail Weekly Dividend 1000.6244Direct Bonus 2036.0669Direct plan - Daily Dividend 1000.9560Direct plan - Growth 2036.1815Direct plan - Monthly Dividend 1001.3322Direct plan - Weekly Dividend 1002.0913

Option NAV (`)Growth 18.4885Half Yearly Dividend 10.7107Quarterly Dividend 10.2876Direct Plan - Growth 19.7501Direct Plan - Half Yearly Dividend 11.5250Direct Plan - Quarterly Dividend 10.5665

Option NAV (`)Growth 14.2215Monthly Dividend 10.1068Weekly Dividend 10.1659Direct Growth 14.9675Direct Monthly Dividend 10.0522Direct Weekly Dividend 10.2461

Option NAV (`)Daily Dividend 1008.8880Growth 1693.3971Monthly Dividend 1009.9493Weekly Dividend 1007.9652Direct Plan - Daily Dividend option 1008.8881Direct Plan - Growth option 1713.5774Direct Plan - Monthly Dividend option 1009.9860Direct Plan - Weekly Dividend option 1007.9656

Option NAV (`)Growth 15.7042Half Yearly Dividend 10.7470Regular Dividend 10.1368Direct Plan - Growth option 16.1992Direct Plan - Half Yearly Dividend 10.7629Direct Plan - Regular Dividend 10.1380

Option NAV (`)Daily Dividend 1006.2334Growth 2039.8239Monthly Dividend 1006.7976Weekly Dividend 1006.0042Retail Daily Dividend 1005.4758Retail Growth 1908.8826Retail Monthly Dividend 1006.7944Retail Weekly Dividend 1004.6028Direct Plan - Daily Dividend option 1007.2893Direct Plan - Growth option 2094.6635Direct Plan - Monthly Dividend option 1006.8626Direct Plan - Weekly Dividend option 1004.6037

Option NAV (`)Regular Plan Regular Dividend 11.1038Regular Plan Daily Dividend 10.0727Regular Plan Growth 11.1033Regular Plan Monthly Dividend 10.0600Regular Plan Weekly Dividend 10.0500Direct Plan Regular Dividend 11.2435Direct Plan Daily Dividend 10.0793Direct Plan Growth 11.2462Direct Plan Monthly Dividend 10.0610Direct Plan Weekly Dividend 10.0500

Option NAV (`)Bonus 19.8388Growth 19.7259Monthly Dividend 10.1663Weekly Dividend 10.2451Regular Dividend 13.1962Retail Growth 19.5033Retail Monthly Dividend 10.0314Retail Weekly Dividend 10.1535Direct Plan - Regular Dividend 12.5916Direct Plan - Growth 20.6643Direct Plan - Monthly Dividend 10.0336Direct Plan - Weekly Dividend 10.2449

Option NAV (`)Growth 17.7427Half Yearly Dividend 10.6957Quarterly Dividend 10.1740Direct Plan - Growth 18.6543Direct Plan - Half Yearly Dividend 11.0573Direct Plan - Quarterly Dividend 10.7324

Option NAV (`)Dividend 15.84Growth 27.03Direct Plan - Dividend 17.19Direct Plan - Growth 28.99



Option NAV (`)Dividend 10.88Growth 10.88Direct Dividend 11.08Direct Growth 11.08



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 December 2018)

Debt Funds (as on 31st December 2018)

Option NAV (`)Regular Plan Regular Dividend 10.2489Regular Plan Daily Dividend 10.0200Regular Plan Growth 10.2490Regular Plan Monthly Dividend 10.0378Regular Plan Weekly Dividend 10.0500Direct Plan Regular Dividend 10.2744Direct Plan Daily Dividend 10.0200Direct Plan Growth 10.2740Direct Plan Monthly Dividend 10.0451Direct Plan Weekly Dividend 10.0500

Axis Ultra Short Term Fund

Axis Credit Risk Fund


Axis Small Cap Fund


Axis Growth Opportunities Fund

NAV

39

Option NAV (`)Regular Regular Dividend 9.83Regular Growth 9.83Regular Monthly Dividend 9.83Regular Quarterly Dividend 9.83Direct Regular Dividend 9.90Direct Growth 9.90Direct Monthly Dividend 9.90Direct Quarterly Dividend 9.90

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund

Option NAV (`)Regular Dividend 12.05Growth 12.41Monthly Dividend 10.58Quarterly Dividend 10.60Direct Regular Dividend 12.00Direct Growth 12.92Direct Monthly Dividend 10.99Direct Quarterly Dividend 11.04

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 13.3342Direct Plan - No Lock-In - Growth 13.4503No Lock-In - Dividend 12.7024No Lock-In - Growth 12.6973Compulsory Lock-In - Dividend 12.7052Compulsory Lock-In - Growth 12.6985Dir Plan - Comp Lock-In - Dividend 13.3342Dir Plan - Comp Lock-In - Growth 13.3414

Axis Dynamic Equity Fund


Option NAV (`)Growth Option 19.0863Dividend Option - Half Yearly 10.8375Dividend Option - Quarterly 10.5627Dividend Option - Annual 11.8601Direct Plan - Growth option 20.6626Direct Plan - Half Yearly Dividend option 11.6143Direct Plan - Quarterly Dividend option 13.3017Direct Plan - Annual Dividend option 12.6355

Axis Triple Advantage Fund


Hybrid Funds (as on 31st December 2018)

Fund Name Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount / in Multipules of (`)

Minimum Installments

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

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

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

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

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

Axis Small Cap Fund 5,000/1 100/1 1,000/1 12

Axis Growth Opportunities Fund 5,000/1 100/1 1,000/1 12

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

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

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

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

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

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

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

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

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

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

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

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

Axis Liquid Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- -

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

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

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

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

MINIMUM INVESTMENT AMOUNT DETAILS

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

40

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-106.51% 10,651 12.32% 14,174 14.53% 19,716 11.69% 27,030

Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 9.69% 22,967S&P BSE Sensex (Additional Benchmark) 7.18% 10,718 12.84% 14,374 12.79% 18,258 9.83% 23,240Axis Bluechip Fund - Direct Plan - Growth

01-Jan-138.01% 10,801 13.71% 14,708 15.91% 20,931 15.55% 23,801

Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670S&P BSE Sensex (Additional Benchmark) 7.18% 10,718 12.84% 14,374 12.79% 18,258 12.30% 20,053Axis Midcap Fund - Growth

18-Feb-113.49% 10,349 12.49% 14,240 20.44% 25,352 17.54% 35,670

S&P BSE Midcap (Benchmark) -12.47% 8,753 12.73% 14,329 19.56% 24,443 12.78% 25,778Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 10.51% 21,957Axis Midcap Fund - Direct Plan - Growth

01-Jan-134.59% 10,459 13.78% 14,734 21.96% 26,996 18.69% 27,962

S&P BSE Midcap (Benchmark) -12.47% 8,753 12.73% 14,329 19.56% 24,443 15.04% 23,182Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670Axis Multicap Fund - Growth@

20-Nov-177.05% 10,705 NA NA NA NA 7.88% 10,880

Nifty 500 (Benchmark) -2.12% 9,788 NA NA NA NA 1.24% 10,138Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.27% 10,700Axis Multicap Fund - Direct Plan - Growth@

20-Nov-178.79% 10,879 NA NA NA NA 9.66% 11,080

Nifty 500 (Benchmark) -2.12% 9,788 NA NA NA NA 1.24% 10,138Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.27% 10,700Axis Equity Advantage Fund - Series 1 - Growth@

25-May-172.73% 10,273 NA NA NA NA 7.57% 11,240

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 5.09% 10,509 NA NA NA NA 9.16% 11,508Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 10.29% 11,699Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-174.32% 10,432 NA NA NA NA 9.35% 11,540

75% Nifty 50 + 25% Crisil Composite Bond Fund Index (Benchmark) 5.09% 10,509 NA NA NA NA 9.16% 11,508Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 10.29% 11,699Axis Equity Advantage Fund - Series 2 - Growth@

03-Aug-175.05% 10,505 NA NA NA NA 5.33% 10,760

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 5.09% 10,509 NA NA NA NA 6.52% 10,933Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 7.22% 11,033Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-177.03% 10,703 NA NA NA NA 7.33% 11,050

75% Nifty 50+ 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 5.09% 10,509 NA NA NA NA 6.52% 10,933Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 7.22% 11,033

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

29-Dec-092.65% 10,265 11.89% 14,013 19.95% 24,847 17.54% 42,897

S&P BSE 200 (Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 10.35% 24,298Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 9.88% 23,366Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-133.71% 10,371 13.11% 14,475 21.38% 26,365 20.63% 30,807

S&P BSE 200 (Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 12.87% 20,676Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670Axis Focused 25 Fund - Growth

29-Jun-120.63% 10,063 15.15% 15,273 17.09% 22,020 16.36% 26,820

Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 13.10% 22,285S&P BSE 200 (Additional Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 14.27% 23,831Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-131.83% 10,183 16.52% 15,826 18.54% 23,412 16.28% 24,717

Nifty 50 (Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 11.94% 19,670S&P BSE 200 (Additional Benchmark) 0.81% 10,081 12.75% 14,338 14.48% 19,671 12.87% 20,676Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec -16-3.94% 9,606 NA NA NA NA 10.02% 12,110

S&P BSE Midcap (Benchmark) -12.47% 8,753 NA NA NA NA 15.07% 13,251Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 17.29% 13,769Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan- Growth@

29-Dec -16

-2.48% 9,752 NA NA NA NA 11.77% 12,500

S&P BSE Midcap (Benchmark) -12.47% 8,753 NA NA NA NA 15.07% 13,251Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 17.29% 13,769Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Growth@

29-Dec -16-3.36% 9,664 NA NA NA NA 9.10% 11,740

S&P BSE Midcap (Benchmark) -12.47% 8,753 NA NA NA NA 8.61% 11,642Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 13.04% 12,531Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan- Growth@

29-Dec -16

-1.86% 9,814 NA NA NA NA 10.81% 12,080

S&P BSE Midcap (Benchmark) -12.47% 8,753 NA NA NA NA 8.61% 11,642Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 13.04% 12,531

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

14-Aug-155.14% 10,514 7.28% 12,348 NA NA 6.59% 12,410

NIFTY 50 Equity Savings Index (Benchmark) 5.47% 10,547 8.65% 12,828 NA NA 7.46% 12,756Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 8.80% 13,303Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-156.30% 10,630 8.55% 12,792 NA NA 7.87% 12,920

NIFTY 50 Equity Savings Index (Benchmark) 5.47% 10,547 8.65% 12,828 NA NA 7.46% 12,756Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 8.80% 13,303Axis Triple Advantage Fund - Growth

23-Aug-101.86% 10,186 8.14% 12,649 8.07% 14,744 7.73% 18,643

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 5.59% 10,559 11.14% 13,731 11.02% 16,871 9.20% 20,868NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 NA NAAxis Triple Advantage Fund - Direct Plan Growth

01-Jan-132.87% 10,287 9.34% 13,076 9.29% 15,594 7.76% 15,660

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 5.59% 10,559 11.14% 13,731 11.02% 16,871 9.65% 17,382NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.84% 14,877Axis Dynamic Bond Fund - Growth

27-Apr-116.18% 10,618 7.58% 12,453 8.68% 15,162 8.33% 18,489

NIFTY Composite Debt Index (Benchmark) 5.73% 10,573 7.40% 12,390 8.82% 15,263 8.24% 18,381NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 7.11% 16,951Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-137.11% 10,711 8.55% 12,792 9.87% 16,014 9.19% 16,947

NIFTY Composite Debt Index (Benchmark) 5.73% 10,573 7.40% 12,390 8.82% 15,263 7.99% 15,860NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.84% 14,877Axis Dynamic Equity Fund - Growth

1-Aug-172.67% 10,267 NA NA NA NA 4.89% 10,700

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.46% 10,546 NA NA NA NA 5.53% 10,792Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.44% 10,925Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-174.46% 10,446 NA NA NA NA 6.69% 10,960

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.46% 10,546 NA NA NA NA 5.53% 10,792Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.44% 10,925Axis Capital Protection Oriented Fund - Series 5 #

02-Nov-121.92% 10,192 6.68% 12,143 7.52% 14,373 7.53% 15,641

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 5.28% 10,528 8.65% 12,827 10.13% 16,208 9.25% 17,247NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.59% 15,699Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-150.19% 10,019 7.81% 12,534 NA NA 8.10% 12,699

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942

Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-151.78% 10,178 9.56% 13,156 NA NA 9.86% 13,341

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-150.19% 10,019 7.81% 12,532 NA NA 8.10% 12,697

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-151.88% 10,188 9.84% 13,257 NA NA 10.15% 13,450

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682

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

23-Aug-101.86% 10,186 8.14% 12,649 8.07% 14,744 7.73% 18,643

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 5.59% 10,559 11.14% 13,731 11.02% 16,871 9.20% 20,868NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 NA NAAxis Triple Advantage Fund - Direct Plan Growth

01-Jan-132.87% 10,287 9.34% 13,076 9.29% 15,594 7.76% 15,660

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 5.59% 10,559 11.14% 13,731 11.02% 16,871 9.65% 17,382NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.84% 14,877Axis Regular Saver Fund£ - Growth #

16-Jul-103.18% 10,318 6.42% 12,053 9.09% 15,457 7.93% 19,086

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.34% 10,634 8.86% 12,902 9.57% 15,795 8.94% 20,653NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 NA NA

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

41






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Regular Saver Fund£ - Direct Plan - Growth #

04-Jan-134.34% 10,434 7.82% 12,538 10.67% 16,604 9.84% 17,553

NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.34% 10,634 8.86% 12,902 9.57% 15,795 9.24% 16,978NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 6.08% 10,608 6.98% 12,247 8.52% 15,053 6.77% 14,806Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-150.19% 10,019 7.81% 12,534 NA NA 8.10% 12,699

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-151.78% 10,178 9.56% 13,156 NA NA 9.86% 13,341

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-150.19% 10,019 7.81% 12,532 NA NA 8.10% 12,697

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-151.88% 10,188 9.84% 13,257 NA NA 10.15% 13,450

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 5.26% 10,526 10.92% 13,649 NA NA 11.45% 13,942Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 13.34% 14,682Axis Nifty ETF

03-Jul-174.58% 10,458 NA NA NA NA 10.63% 11,631

Nifty 50 (Benchmark) 4.61% 10,461 NA NA NA NA 9.94% 11,523FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 5 SCHEMES)

Axis Liquid Fund - Growth09-Oct-09

7.45% 10,745 7.26% 12,343 7.84% 14,590 7.96% 20,282NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 7.90% 20,179NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.50% 10,750 7.14% 12,302 7.70% 14,494 6.88% 18,490Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.51% 10,751 7.33% 12,368 7.91% 14,638 8.14% 15,996

NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 7.95% 15,826NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.50% 10,750 7.14% 12,302 7.70% 14,494 7.57% 15,500Axis Liquid Fund - Retail Plan - Growth

01-Mar-106.84% 10,684 6.67% 12,141 7.27% 14,206 7.64% 19,173

NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 8.10% 19,909NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.50% 10,750 7.14% 12,302 7.70% 14,494 7.02% 18,223Axis Treasury Advantage Fund - Growth

09-Oct-097.25% 10,725 7.34% 12,369 7.85% 14,595 8.03% 20,398

NIFTY Low Duration Debt Index (Benchmark) 7.30% 10,730 7.47% 12,414 8.09% 14,756 8.24% 20,776NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 6.88% 18,490Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-137.81% 10,781 7.88% 12,559 8.36% 14,945 8.59% 16,393

NIFTY Low Duration Debt Index (Benchmark) 7.30% 10,730 7.47% 12,414 8.09% 14,756 8.19% 16,038NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.57% 15,494Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-107.13% 10,713 6.89% 12,215 7.30% 14,224 7.59% 19,089

NIFTY Low Duration Debt Index (Benchmark) 7.30% 10,730 7.47% 12,414 8.09% 14,756 8.36% 20,322NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.03% 18,220Axis Banking & PSU Debt Fund - Growth

08-Jun-127.52% 10,752 7.70% 12,494 8.17% 14,813 8.35% 16,934

NIFTY Banking & PSU Debt Index (Benchmark) 5.36% 10,536 7.00% 12,253 8.22% 14,848 8.23% 16,809NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.56% 16,143Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-137.83% 10,783 7.93% 12,574 8.39% 14,963 8.46% 16,276

NIFTY Banking & PSU Debt Index (Benchmark) 5.36% 10,536 7.00% 12,253 8.22% 14,848 7.99% 15,859NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.57% 15,494

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

14-Aug-155.14% 10,514 7.28% 12,348 NA NA 6.59% 12,410

NIFTY50 Equity Savings Index (Benchmark) 5.47% 10,547 8.65% 12,828 NA NA 7.46% 12,756Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 8.80% 13,303Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-156.30% 10,630 8.55% 12,792 NA NA 7.87% 12,920

NIFTY50 Equity Savings Index (Benchmark) 5.47% 10,547 8.65% 12,828 NA NA 7.46% 12,756Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 NA NA 8.80% 13,303Axis Small Cap Fund - Growth@@

29-Nov-13-8.89% 9,111 9.40% 13,098 21.50% 26,493 21.45% 26,890

Nifty Smallcap 100 (Benchmark) -28.23% 7,177 5.49% 11,741 14.81% 19,960 16.06% 21,339Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 13.12% 18,729Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-13-7.89% 9,211 10.61% 13,535 22.85% 28,002 22.80% 28,450

Nifty Smallcap 100 (Benchmark) -28.23% 7,177 5.49% 11,741 14.81% 19,960 16.06% 21,339Nifty 50 (Additional Benchmark) 4.61% 10,461 12.47% 14,230 12.89% 18,342 13.12% 18,729Axis Dynamic Equity Fund - Growth

1-Aug-172.67% 10,267 NA NA NA NA 4.89% 10,700

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.46% 10,546 NA NA NA NA 5.53% 10,792Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.44% 10,925Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-174.46% 10,446 NA NA NA NA 6.69% 10,960

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 5.46% 10,546 NA NA NA NA 5.53% 10,792Nifty 50 (Additional Benchmark) 4.61% 10,461 NA NA NA NA 6.44% 10,925Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec-16-3.94% 9,606 NA NA NA NA 10.02% 12,110

S&P BSE MidCap (Benchmark) -12.47% 8,753 NA NA NA NA 15.07% 13,251Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 17.29% 13,769Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Growth@

29-Dec-16

-2.48% 9,752 NA NA NA NA 11.77% 12,500

S&P BSE MidCap (Benchmark) -12.47% 8,753 NA NA NA NA 15.07% 13,251Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 17.29% 13,769Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Growth@

27-Feb-17-3.36% 9,664 NA NA NA NA 9.10% 11,740

S&P BSE MidCap (Benchmark) -12.47% 8,753 NA NA NA NA 8.61% 11,642Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 13.04% 12,531Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan@ - Growth

27-Feb-17

-1.86% 9,814 NA NA NA NA 10.81% 12,080

S&P BSE MidCap (Benchmark) -12.47% 8,753 NA NA NA NA 8.61% 11,642Nifty 50 (Additional-l Benchmark) 4.61% 10,461 NA NA NA NA 13.04% 12,531

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 18 SCHEMES) Axis Arbitrage Fund - Growth

14-Aug-146.08% 10,608 6.09% 11,943 NA NA 6.51% 13,185

Nifty 50 Arbitrage Index (Benchmark) 4.43% 10,443 5.11% 11,613 NA NA 5.94% 12,878NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.58% 13,773Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-146.94% 10,694 6.96% 12,239 NA NA 7.40% 13,673

Nifty 50 Arbitrage Index (Benchmark) 4.43% 10,443 5.11% 11,613 NA NA 5.94% 12,878NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.58% 13,773Axis Hybrid Fund - Series 25 - Growth

25-Aug-154.02% 10,402 7.04% 12,266 NA NA 5.54% 11,981

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.28% 10,528 8.65% 12,827 NA NA 8.64% 13,205NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.23% 12,636Axis Hybrid Fund - Series 25 - Direct Plan - Growth

25-Aug-155.45% 10,545 8.46% 12,761 NA NA 6.91% 12,512

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.28% 10,528 8.65% 12,827 NA NA 8.64% 13,205NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.23% 12,636Axis Hybrid Fund - Series 6 - Growth

16-Aug-133.16% 10,316 2.81% 10,866 4.99% 12,759 5.75% 13,508

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.28% 10,528 8.65% 12,827 10.13% 16,208 10.67% 17,247NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.96% 15,094Axis Hybrid Fund - Series 6 - Direct Plan - Growth

16-Aug-134.26% 10,426 3.84% 11,198 6.03% 13,402 6.80% 14,242

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.28% 10,528 8.65% 12,827 10.13% 16,208 10.67% 17,247NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.96% 15,094

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 18 SCHEMES) Axis Capital Protection Oriented Fund - Series 5 - (42M) - Growth

02-Nov-121.92% 10,192 6.68% 12,143 7.52% 14,373 7.53% 15,641

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5.28% 10,528 8.65% 12,827 10.13% 16,208 9.25% 17,247NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 7.70% 14,494 7.59% 15,699Axis Hybrid Fund - Series 33 - Growth

09-Sep-161.73% 10,173 NA NA NA NA 5.29% 11,263

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 5.78% 10,578 NA NA NA NA 7.09% 11,714NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 6.95% 11,678Axis Hybrid Fund - Series 33 - Direct Plan - Growth

09-Sep-163.25% 10,325 NA NA NA NA 6.95% 11,680

Crisil Composite Bond Fund Index (80%) and Nifty 50 (Benchmark) 5.78% 10,578 NA NA NA NA 7.09% 11,714NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 6.95% 11,678Axis Hybrid Fund - Series 26 - Growth

10-Sep-151.65% 10,165 7.02% 12,259 NA NA 5.89% 12,086

Crisil Composite Bond Fund Index (85%) and Nifty 50 (Benchmark) 5.82% 10,582 8.59% 12,807 NA NA 8.62% 13,147NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.22% 12,595Axis Hybrid Fund - Series 26 - Direct Plan - Growth

10-Sep-153.04% 10,304 8.44% 12,754 NA NA 7.27% 12,616

Crisil Composite Bond Fund Index (85%) and Nifty 50 (Benchmark) 5.82% 10,582 8.59% 12,807 NA NA 8.62% 13,147NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.22% 12,595


42

43

Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.16% / 0.65% / 0.11%, Axis Treasury Advantage Fund : 0.70% / 0.70% / 0.25%, Axis Banking & PSU Debt Fund : 0.54% / 0.29%, Axis Short Term Fund : 0.88% / 0.88%/ 0.28%, Axis Dynamic Bond Fund : 1.38% / 0.62%, Axis Gilt Fund : 0.67% / 0.22%, Axis Strategic Bond Fund : 1.05% / 0.41%, Axis Credit Risk Fund : 1.63% / 0.58%, Axis Arbitrage Fund : 0.98% / 0.28%, Axis Corporate Debt Fund : 1.03% / 0.28%, Axis Regular Saver* : 2.44% / 1.35%, Axis Long Term Equity Fund*: 2.08% / 0.95%, Axis Focused 25 Fund* : 2.22% / 0.76%, Axis Bluechip Fund* : 2.29% / 0.89%, Axis Triple Advantage Fund* : 2.36% / 1.20%, Axis Midcap Fund*: 2.40% / 1.00%, Axis Equity Saver Fund* : 2.68% / 1.69%, Axis Children’s Gift Fund* : 2.51% / 0.94%, Axis Dynamic Equity Fund* : 2.31% / 0.66%, Axis Multi Cap Fund* : 2.27% / 0.61%, Axis Equity Hybrid Fund* : 2.27% / 0.58%, Axis Ultra Short Term Fund : 1.03% / 0.28%, Axis Growth Opportunities Fund* : 2.58% / 0.62% , Axis Small Cap Fund* : 2.67%, 1.58%

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

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

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

Anupam Tiwari is managing Axis Equity Saver Fund and Axis Small Cap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception, Axis Capital Builder Fund - Series 1 since 8th March 2018, Axis Capital Builder Fund - Series 4 since 21st December 2018

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

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

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

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

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

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

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


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






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 29 SCHEMES)Axis Gold Fund - Growth

20-Oct-118.25% 10,825 6.48% 12,074 -1.17% 9,426 -0.13% 9,906

Domestic Price of Gold (Benchmark) 7.88% 10,788 8.27% 12,696 3.76% 12,028 1.39% 11,046Axis Gold Fund - Direct Plan - Growth

01-Jan-138.93% 10,893 7.41% 12,394 -0.05% 9,977 -1.25% 9,275

Domestic Price of Gold (Benchmark) 7.88% 10,788 8.27% 12,696 3.76% 12,028 -0.31% 9,813Axis Corporate Debt Fund - Growth

13-Jul-177.82% 10,782 NA NA NA NA 7.39% 11,103

NIFTY Corporate Bond Index (Benchmark) 5.93% 10,593 NA NA NA NA 5.42% 10,806NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 7.03% 11,049Axis Corporate Debt Fund - Direct Plan - Growth

13-Jul-178.75% 10,875 NA NA NA NA 8.33% 11,246

NIFTY Corporate Bond Index (Benchmark) 5.93% 10,593 NA NA NA NA 5.42% 10,806NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 7.03% 11,049Axis Liquid Fund - Growth

09-Oct-097.45% 10,745 7.26% 12,343 7.84% 14,590 7.96% 20,282

NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 7.90% 20,179NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.50% 10,750 7.14% 12,302 7.70% 14,494 6.88% 18,490Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.51% 10,751 7.33% 12,368 7.91% 14,638 8.14% 15,996

NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 7.95% 15,826NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.50% 10,750 7.14% 12,302 7.70% 14,494 7.57% 15,500Axis Liquid Fund - Retail - Growth

01-Mar-106.84% 10,684 6.67% 12,141 7.27% 14,206 7.64% 19,173

NIFTY Liquid Index (Benchmark) 7.36% 10,736 7.06% 12,274 7.68% 14,481 8.10% 19,909NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.50% 10,750 7.14% 12,302 7.70% 14,494 7.02% 18,223

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 29 SCHEMES)Axis Hybrid Fund - Series 27 - Growth

29-Oct-152.15% 10,215 7.39% 12,386 NA NA 5.93% 12,009

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 5.82% 10,582 8.59% 12,807 NA NA 8.18% 12,835NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.12% 12,441Axis Hybrid Fund - Series 27 - Direct Plan - Growth

29-Oct-153.55% 10,355 8.81% 12,885 NA NA 7.32% 12,517

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 5.82% 10,582 8.59% 12,807 NA NA 8.18% 12,835NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.12% 12,441Axis Hybrid Fund - Series 33 - Growth

09-Sep-161.73% 10,173 NA NA NA NA 5.29% 11,263

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 5.78% 10,578 NA NA NA NA 7.09% 11,714NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 6.95% 11,678Axis Hybrid Fund - Series 33 - Direct Plan - Growth

09-Sep-163.25% 10,325 NA NA NA NA 6.95% 11,680

Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) (Benchmark) 5.78% 10,578 NA NA NA NA 7.09% 11,714NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 NA NA NA NA 6.95% 11,678Axis Hybrid Fund - Series 26 - Growth

10-Sep-151.65% 10,165 7.02% 12,259 NA NA 5.89% 12,086

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%)(Benchmark) 5.82% 10,582 8.59% 12,807 NA NA 8.62% 13,147NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.22% 12,595Axis Hybrid Fund - Series 26 - Direct Plan - Growth

10-Sep-153.04% 10,304 8.44% 12,754 NA NA 7.27% 12,616

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 5.82% 10,582 8.59% 12,807 NA NA 8.62% 13,147NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.49% 10,749 7.14% 12,302 NA NA 7.22% 12,595

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

44

PRODUCT LABELLINGAXIS BLUECHIP FUND (An open ended equity scheme predominantly investing in large cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instruments of large cap companies

AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in a diversified portfolio predominantly consisting of equity and equity related instrumentsAXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investing predominantly in equity & equity related instruments of Mid Cap companies. AXIS MULTICAP FUND (An open ended equity scheme investing across large cap, mid cap, small cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over medium to long terml Investment in a diversified portfolio consisting of equity and equity related instruments across market capitalization.AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long term l Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded fundsAXIS REGULAR SAVER FUND (An open ended hybrid scheme investing predominantly in debt instruments) This product is suitable for investors who are seeking*l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold) This product is suitable for investors who are seeking* l Capital Appreciation over medium to long terml Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking errorAXIS GOLD FUND (An open ended fund of fund scheme investing in Axis Gold ETF) This product is suitable for investors who are seeking*l Capital Appreciation over medium to long terml Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking errorAXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) This product is suitable for investors who are seeking* l Capital Appreciation while generating income over medium to long terml Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instrumentsAXIS CHILDREN’S GIFT FUND (An open ended fund for investment for children, having a lock-in of 5 years or till the child attains age of majority (whichever is earlier)) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund) This product is suitable for investors who are seeking* l Capital appreciation & generating income over medium to long terml Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocationAXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investments in Equity & Equity related instruments covered by Nifty 50 IndexAXIS EQUITY HYBRID FUND (An open-ended hybrid scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* l Capital appreciation along with generation of income over medium to long term. l Investment in equity and equity related instruments as well as debt and money market instruments.AXIS 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 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 LIQUID FUND (An open ended liquid scheme)This product is suitable for investors who are seeking*l Regular income over short terml Investment in debt and money market instruments

Riskometer

Investors understand that their principal will beat moderately high risk

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Moderate ModeratelyHighModerately

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Riskometer

Investors understand that their principal will beat moderate risk

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Riskometer

Investors understand that their principal will beat moderately low risk

LOW HIGH


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Riskometer

Investors understand that their principal will beat low risk

LOW HIGH


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

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.

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.

Not everything small grows big. Only some do. And, we at Axis Mutual Fund, have developed the art of picking the talented ones. That’s why, in the last 5 years, Axis Small Cap Fund (formerly a close ended scheme) has been on the path to become big.

Because we are a responsible mutual fund, we dig deep and only select companies which show promise and have a great growth potential. So, get your clients to invest today and let their investments build with growth of these companies.

SAVE TAX RESPONSIBLY DON’T JUST SAVE TAX, BUT ALSO …...*ELSS investment is subject to lock-in...

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Transcript of SAVE TAX RESPONSIBLY DON’T JUST SAVE TAX, BUT ALSO …...*ELSS investment is subject to lock-in...