Axis Midcap Fund

Axis Midcap Fund(An open ended equity scheme predominantly investing in Mid Cap stocks)

Unique long term orientation that helps investors

Traditional Life Cycle of a company

2

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets.

Emerging companies

High growth phase

But prone to higher risks

Business not yet well establishedSuperior growth profile

Established track record

Maintains flexibility

Lower risk compared to

smaller companies

Stable growth

Established business models

Reduced flexibility

Lower risk compared to mid

cap companies

Growth Phase

Newly established

businesses

No track record

Prone to significantly higher

risks

Mid CapsSmall Caps

Start-up Phase Mature Phase

Large Caps

Nifty Midcap 100 Index – Stock dispersion (2010-2020)

There is a high dispersion in long term stock performance

3

Source: Bloomberg, Data considered from Dec 2010 - Dec 2020. Past performance may or may not be sustained in the future.

% pa Absolute(%)

Quartile I 31.3% 1610.8%

Quartile II 17.1% 395.3%

Nifty Midcap 100 Index 16.9% 379%

Quartile III 5.1% 76.8%

Quartile IV -13.4% -64.2%Weak companies

have destroyed

significant investor

wealth

Large dispersion in stock performance in mid-

caps

• The cost of mistakes can be very high –

permanent capital erosion

• Stock picking and focus on sustainability

becomes key

Axis Midcap Fund(An open ended equity scheme predominantly investing in Mid Cap stocks)

4

• The fund aims to target the quality midcaps to create an actively managed diversified portfolio

• Quality mid cap companies combine the flexible, innovative, high-growth features of mid and small size companies with the proven management and liquidity of quality companies.

• Bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective.

Investment Focus

Introducing Axis Midcap Fund

5

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets.

• Innovative & entrepreneurial companies with experienced management

• Market leaders in emerging industries or higher growth companies in established businesses

What do we look for?

Fund Positioning

Axis Midcap Fund

6

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. ^Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization.

1

2

3

Invests at least 65% in mid

cap companies^

Risk management embedded in the investment

process

Follows a strategy of combining growth potential of

mid cap companies with the track record of larger

companies

Focused on emerging

sectors/businesses that have

potential to deliver high growth

We look for businesses with

Economic Moat

Portfolio allocation: Invests primarily in mid cap companies

7

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. Data As on 30th June 2021. For detailed asset allocation, please refer to the scheme information document (SID)

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Large Cap Mid Cap Small Cap Debt Cash & Others

Top 10 Stocks

Top 5 Sectors

Software

13.23%

Consumer Durables

11.53%

Finance

9.28%

Banks

8.59% Industrial

Products 9.54%

81.4%

23.8% 66.1% 5.0%

Current Market cap split

(%NAV)

Risk Parameters

16.8%

21.2%

8.1%

0.74

Standard Deviation

Standard Deviation

(Benchmark)

Tracking Error

Beta

As on 30th June 2021

Portfolio & Risk Parameters

Exposure as % of Net assets. Source : ValueFY, ACEMF. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fundmanager’s view of the equity markets. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250thcompany in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. Past performance may or may not be sustained in the future. Stock(s) /Issuer(s)/ Top stocks with increased or decreased exposure mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendationto buy/sell/ hold. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Data As on 30th June 2021.

8

Large Cap Mid Cap Small Cap

2.91%

3.06%

3.06%

3.11%

3.38%

3.54%

3.64%

3.65%

3.82%

4.32%

Bajaj Finance Limited

Gujarat Gas Limited

Crompton Greaves Consumer Electricals Limited

HDFC Bank Limited

ICICI Bank Limited

PI Industries Limited

Astral Limited

Coforge Limited

Voltas Limited

Cholamandalam Investment and Finance

Company Limited

Changes made to the portfolio over the last 1 year

Portfolio Changes

Exposure as % of Net assets. Source : ValueFY, ACEMF. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fundmanager’s view of the equity markets. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250thcompany in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. Past performance may or may not be sustained in the future. Stock(s) /Issuer(s)/ Top stocks with increased or decreased exposure mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendationto buy/sell/ hold. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Data As on 30th June 2021.

Top stocks with increased

exposure/entries

Change in exposure

(%) over last year

Top stocks with reduced exposure/

exits

Change in exposure (%)

over last year

Coforge Limited 3.65% IPCA Laboratories Ltd -2.44%

Crompton Greaves Consumer Electricals Limited 2.71% Avenue Supermarts Limited -2.00%

Cholamandalam Investment and Finance Company Ltd 2.46% Cadila Healthcare Ltd -1.99%

Tata Elxsi Ltd 2.28% Indraprastha Gas Limited -1.96%

ICICI Bank Ltd 2.04% Bata India Ltd -1.61%

9

30th June 2021

Performance

10

Past performance may or may not be sustained in future. Since inception (18th February 2011) returns is calculated on Rs.10 invested at inception. Different plans have different expensestructure. 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 4 schemes of AxisMutual Fund & Hitesh Das is managing the scheme since 18th December 2020 and he manages 14 schemes of Axis Mutual Fund .Returns greater than 1 year period are compounded annualised(CAGR). Please refer to the Annexure for returns of all the schemes managed by him

Large Cap

Axis Midcap Fund - Regular Plan - Growth

S&P BSE Midcap TRI

18th February 2011

Rs. 10,000

30th June 2021

Rs. 60,860

Rs. 38,671

1 Year 3 Year 5 Year Since Inception

CAGR

(%)

Current Value of

investment of Rs.

10,000

CAGR

(%)

Current Value of

investment of Rs.

10,000

CAGR

(%)

Current Value of

investment of

Rs. 10,000

CAGR

(%)

Current Value of

investment of

Rs. 10,000

Axis Midcap Fund - Regular Plan - Growth 62.16% 16,216 21.38% 17,900 19.31% 24,189 19.02% 60,860

S&P BSE Midcap TRI (Benchmark) 74.42% 17,442 14.69% 15,097 15.23% 20,322 13.93% 38,671

Nifty 50 TRI (Additional Benchmark) 54.58% 15,458 15.00% 15,220 15.08% 20,191 12.12% 32,763

30th June 2021

SIP Performance

11

Past performance may or may not be sustained in future. Since inception (18th February 2011) returns is calculated on Rs. 10 invested at inception. Different plans have different expensestructure. 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 4 schemes of AxisMutual Fund. Hitesh Das is managing the scheme since 18th December 20020 and he manages 14 schemes of Axis Mutual Fund. Returns greater than 1 year are Compounded Annual GrowthRates(CAGR). Above investment simulation is for illustration purpose only and should not be construed as a promise on minimum returns and safeguard of capital. Above calculation is based onRegular Plan - Growth Option NAV. Assuming Rs. 10,000 invested systematically on the first business day of every month over a period of time. SIP returns are computed after accounting for thecash flow by using XIRR method (investment internal rate of return).

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

Total Amount Invested 12,40,000 6,00,000 3,60,000 1,20,000

Market value as on June 30, 2021 37,79,516 10,57,073 5,58,855 1,55,594

Returns (Annualized) 20.38% 22.87% 30.82% 59.67%

Benchmark Returns (Annualized) 16.63% 17.82% 29.31% 70.04%

Additional Benchmark Returns (Annualized) 14.15% 17.15% 22.62% 46.03%

Annexures, Disclaimers & Risk Factors

12

SEBI Prescribed Performance Annexures

Annexure

13

Data As on 30th June 2021. Past performance may or may not be sustained in future. Calculations are based on Regular Plan - Growth Option NAV and Direct Plan – Growth Option NAV, asapplicable. Different plans have different expense structure. Face value per unit is Rs 10.

Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 since inception and Axis Flexi Cap Fund since 20thNovember 2017. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms offull market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization

Return of scheme managed by Shreyash Devalkar (Total Schemes Managed: 4 Schemes) (As on 30th June 2021)

Fund NameDate of

inception

1 Year 3 Years 5 Years Since Inception

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Bluechip Fund - Regular Plan - Growth

05-Jan-10

46.08% 14,608 15.57% 15,448 16.45% 21,426 13.28% 41,910

Nifty 50 TRI (Benchmark) 54.58% 15,458 15.00% 15,220 15.08% 20,191 11.32% 34,271

S&P BSE SENSEX TRI (Additional

Benchmark)52.38% 15,238 15.32% 15,350 15.58% 20,638 11.47% 34,828

Axis Bluechip Fund - Direct Plan - Growth

01-Jan-13

47.85% 14,785 17.04% 16,044 17.92% 22,806 17.02% 38,030



Benchmark)52.38% 15,238 15.32% 15,350 15.58% 20,638 13.82% 30,051


18-Feb-11

62.16% 16,216 21.38% 17,900 19.31% 24,189 19.02% 60,860



Axis Midcap Fund - Direct Plan - Growth

01-Jan-13

64.39% 16,439 22.96% 18,614 20.78% 25,716 20.66% 49,328




Annexure

14

Return of scheme managed by Shreyash Devalkar (Total Schemes Managed: 4 Schemes) (As on 30th June 2021)

Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Flexicap Fund - Regular Plan - Growth

20-Nov-17

48.51% 14,851 16.10% 15,660 NA NA 15.75% 16,960

Nifty 500 TRI (Benchmark) 60.77% 16,077 15.00% 15,220 NA NA 12.54% 15,321

Nifty 50 TRI (Additional Benchmark) 54.58% 15,458 15.00% 15,220 NA NA 13.83% 15,966

Axis Flexicap Fund - Direct Plan - Growth

20-Nov-17

50.59% 15,059 17.84% 16,380 NA NA 17.53% 17,920



Axis Equity Advantage Fund - Series 1 -

Regular Plan - Growth

25-May-17

34.94% 13,494 11.91% 14,023 NA NA 11.66% 15,720

75% Nifty 50 TRI + 25% Crisil Composite

Bond Fund Index (Benchmark)40.69% 14,069 14.19% 14,899 NA NA 13.23% 16,646


Axis Equity Advantage Fund - Series 1 -

Direct Plan - Growth

25-May-17

36.08% 13,608 13.04% 14,453 NA NA 13.02% 16,520

75% Nifty 50 TRI + 25% Crisil Composite

Bond Fund Index (Benchmark)40.69% 14,069 14.19% 14,899 NA NA 13.23% 16,646



Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 since inception and Axis Flexi Cap Fund since 20thNovember 2017. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms offull market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization


Annexure

15


Hitesh Das managing Axis Growth Opportunities Fund since inception. Axis ESG Equity Fund since inception. Axis Retirement Savings Fund which includes Aggressive Plan, Conservative Plan &Dynamic Plan since inception. Axis Global Equity Alpha FoF, Axis Greater China Equity Fund of Fund ,Axis Special Situations Fund ,Axis Global Innovation Fund of Fund since inception. AxisBluechip Fund, Axis Flexi Cap Fund and Axis Focused 25 Fund since 2nd November 2020. Axis Midcap Fund and Axis Small Cap Fund since 18th December 2020.

Return of scheme managed by Hitesh Das (Total Schemes Managed: 14 Schemes) (As on 30th June 2021)

Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Bluechip Fund - Regular Plan - Growth

05-Jan-10

46.08% 14,608 15.57% 15,448 16.45% 21,426 13.28% 41,910



Benchmark)52.38% 15,238 15.32% 15,350 15.58% 20,638 11.47% 34,828

Axis Bluechip Fund - Direct Plan - Growth

01-Jan-13

47.85% 14,785 17.04% 16,044 17.92% 22,806 17.02% 38,030



Benchmark)52.38% 15,238 15.32% 15,350 15.58% 20,638 13.82% 30,051

Axis Flexicap Fund - Regular Plan - Growth

20-Nov-17

48.51% 14,851 16.10% 15,660 NA NA 15.75% 16,960



Axis Flexicap Fund - Direct Plan - Growth

20-Nov-17

50.59% 15,059 17.84% 16,380 NA NA 17.53% 17,920




Annexure

16




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Focused 25 Fund - Regular Plan -

Growth

29-Jun-12

52.43% 15,243 14.51% 15,026 17.49% 22,399 17.01% 41,170



Benchmark)52.38% 15,238 15.32% 15,350 15.58% 20,638 14.55% 33,992

Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-13

54.31% 15,431 15.93% 15,595 18.92% 23,790 17.41% 39,134



Benchmark)52.38% 15,238 15.32% 15,350 15.58% 20,638 13.82% 30,051


18-Feb-11

62.16% 16,216 21.38% 17,900 19.31% 24,189 19.02% 60,860



Axis Midcap Fund - Direct Plan - Growth

01-Jan-13

64.39% 16,439 22.96% 18,614 20.78% 25,716 20.66% 49,328




Annexure

17




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Small Cap Fund - Regular Plan - Growth

29-Nov-13

86.96% 18,696 25.61% 19,844 19.95% 24,845 24.28% 52,050

Nifty Smallcap 100 TRI (Benchmark) 112.73% 21,273 11.89% 14,017 11.94% 17,584 17.05% 33,027


Axis Small Cap Fund - Direct Plan - Growth

29-Nov-13

90.13% 19,013 27.43% 20,721 21.52% 26,514 25.83% 57,190

Nifty Smallcap 100 TRI (Benchmark) 112.73% 21,273 11.89% 14,017 11.94% 17,584 17.05% 33,027


Axis Growth Opportunities Fund - Regular

Plan - Growth

22-Oct-18

67.00% 16,700 NA NA NA NA 25.87% 18,570

NIFTY Large Midcap 250 TRI (Benchmark) 67.87% 16,787 NA NA NA NA 21.51% 16,890

Nifty 50 TRI (Additional Benchmark) 54.58% 15,458 NA NA NA NA 18.68% 15,851

Axis Growth Opportunities Fund - Direct Plan

- Growth

22-Oct-18

69.57% 16,957 NA NA NA NA 28.05% 19,450

NIFTY Large Midcap 250 TRI (Benchmark) 67.87% 16,787 NA NA NA NA 21.51% 16,890



Annexure

18




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-Axis Retirement Savings Fund - Aggressive

Plan - Regular Plan - Growth

20-Dec-19

35.89% 13,589 NA NA NA NA 17.28% 12,760

NIFTY 50 Hybrid Composite Debt 70:30

Index (Benchmark)38.39% 13,839 NA NA NA NA 17.26% 12,756


Axis Retirement Savings Fund - Aggressive

Plan - Direct Plan - Growth

20-Dec-19

38.19% 13,819 NA NA NA NA 19.32% 13,100




Axis Retirement Savings Fund - Conservative


20-Dec-19

18.32% 11,832 NA NA NA NA 12.81% 12,024

NIFTY 50 Hybrid Short Duration Debt 25:75


NIFTY 10 yr Benchmark G-Sec (Additional

Benchmark)3.99% 10,399 NA NA NA NA 7.10% 11,105

Axis Retirement Savings Fund - Conservative


20-Dec-19

20.43% 12,043 NA NA NA NA 14.84% 12,356

NIFTY 50 Hybrid Short Duration Debt 25:75


NIFTY 10 yr Benchmark G-Sec (Additional

Benchmark)3.99% 10,399 NA NA NA NA 7.10% 11,105


Annexure

19




Fund NameDate of

inception


CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

CAGR

(%)

Current

Value of

Investment

of Rs. 10,000/-

Axis Retirement Savings Fund - Dynamic


20-Dec-19

33.78% 13,378 NA NA NA NA 18.18% 12,910




Axis Retirement Savings Fund - Dynamic


20-Dec-19

36.24% 13,624 NA NA NA NA 20.33% 13,270




Axis ESG Equity Fund - Regular Plan -

Growth12-Feb-20

46.18% 14,618 NA NA NA NA 32.31% 14,720

Nifty 100 ESG TRI (Benchmark) 59.90% 15,990 NA NA NA NA 28.00% 14,061


Axis ESG Equity Fund - Direct Plan - Growth

12-Feb-20

48.42% 14,842 NA NA NA NA 34.45% 15,050

Nifty 100 ESG TRI (Benchmark) 59.90% 15,990 NA NA NA NA 28.00% 14,061


Product Labelling

20

Fund Name Riskometer Product Labelling

Axis Bluechip Fund

(An open ended equity scheme predominantly

investing in large cap stocks)

This product is suitable for investors who are seeking*

• Capital appreciation over long term

• Investment in a diversified portfolio predominantly

consisting of equity and equity related instruments of large

cap companies

Axis Flexi Cap Fund

(An open ended equity scheme investing across

large cap, mid cap, small cap stocks)


• Capital appreciation over medium to long term

• Investment in a diversified portfolio consisting of equity and

equity related instruments across market capitalization.



• 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)

Axis Equity Advantage Fund Series 1

(A Close Ended Equity Scheme)


• Capital appreciation over medium to long term

• Investment in a diversified portfolio of predominantly equity

and equity related instruments across market cap while

managing risk through active hedging strategies

Axis Focused 25 Fund

(An open ended equity scheme investing in

maximum 25 stocks investing in large cap, mid cap

and small cap companies.)



• Investment in a concentrated portfolio of equity & equity

related instruments of up to 25 companies

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

Product Labelling

21


Axis Small Cap Fund

(An open-ended equity scheme predominantly

investing in small cap stocks)


Capital appreciation over long term

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)


capital appreciation over long term

investment in a diversified portfolio predominantly

consisting of equity and equity related instruments both in

India as well as overseas

Axis Retirement Savings Fund - Aggressive Plan

(An open-ended retirement solution oriented

scheme

having a lock-in of 5 years or till retirement age

(whichever is earlier)



• Investments primarily in equity and equity related

instruments.

Axis Retirement Savings Fund – Dynamic Plan


scheme having a lock-in of 5 years or till retirement

age (whichever is earlier)


• Capital appreciation and income generation over long term.

• Investment in equity and equity related instruments as well as

debt and money market instruments while managing risk

through active asset allocation.


Product Labelling

22


Axis Retirement Savings Fund - Conservative Plan


scheme having a lock-in of 5 years or till retirement

age (whichever is earlier)

This product is suitable for investors who are seeking*:

• Capital appreciation & income generation over long term.

• Investments in debt and money market instruments as well

as equity and equity related instruments.

Axis ESG Equity Fund

(An open-ended equity scheme investing in

companies demonstrating sustainable practices

across Environment, Social and Governance (ESG)

theme)



• Investments in companies demonstrating sustainable

practices across

Environment, Social and Governance (ESG) parameters.


Data updated As on 30th June 2021

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

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

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

Statutory Details and Risk Factors

23

Thank You

Documents

Axis Midcap Fund