ELSS #KhushiKeAansu Direct...*Investment up to1 .5 lakhs in ELSS is eligible for deduction from taxable income under Sec 8C of the Income Tax Act,0 1961. This implies that the Indian

ELSS=

#KhushiKeAansuIt's time the paisa you earned with your khoon paseena

not just saves tax but also builds wealth. How?

So invest in ELSS today and cry #KhushiKeAansu

Invest in ELSS and save up to`46,350* in taxes.

Claim deductions up to `1.5 lakhsunder Section 80C of the IT Act.

Potential to build wealth in the longrun by investing your money in equity.

One of the lowest lock-in period of 3 years.

MONTHLY FACTSHEET - DECEMBER 2017

An investor awareness initiative by Axis Mutual FundELSS investment is subject to lock-in for 3 yrs.

*Investment up to 1.5 lakhs in ELSS is eligible for deduction from taxable income under Sec 80C of the Income Tax Act, 1961. This implies that the Indian residents below the age of 60 years whose total income does not exceed `50 lakhs will save taxes of `46,350 on investment made in ELSS in FY17-18. Tax savings may vary depending on the applicable tax slab. Investors are advised to consult his/her own Tax Consultant with respect to the specific amount of tax and other implications arising out of his/her participation in ELSS.

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

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

The rates are applicable for the financial year 2017-18 as per finance act, 2017

$Surcharge at 15% to be levied in case of individual/HUF unit holder where their income exceeds Rs. 1 crore. As per Finance Bill, 2017, surcharge at 10% to be levied in case of individual/ HUF unit holders where income of such unit holders exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore.

30%^ / 25%^^

^^If total turnover or gross receipts of the financial year 2015-16 does not exceed Rs. 50 crores.

Income Tax RatesFor individuals, Hindu Undivided Family, Association of Persons, Body of Individuals and Artificial juridical persons

Total Income Tax RatesUp to Rs.250,000 (a) (b) NILRs.250,001 to Rs.500,000 (d) (e) 5%Rs.500,001 to Rs.1,000,000 (e) 20%Rs.1,000,000 and above (c) (d) 30%

(a) In case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs.300,000

(b) In case of a resident individual of the age of 80 years or above, the basic exemption limit is Rs.500,000

(c) Surcharge at 15%, is applicable where income exceeds Rs.1 crore. Finance Bill, 2017 provides for surcharge at 10% to be levied where income exceeds Rs.50 lakhs but does not exceed Rs.1 crore. Marginal relief for such person is available

(d) Education cess is applicable @ 3% on aggregate of tax and surcharge.

(e) Finance Bill, 2017 provides a rebate of lower of actual tax liability or Rs.2,500 (against earlier rebate of Rs.5,000) in case of individuals having total income of less than Rs.350,000.

(e)30% /25(d)

(c)

(a) These rates will further increase by applicable surcharge & education cess.(b) Indexation benefit, as applicable.(c) Long term capital gains arising to a non-resident from transfer of unlisted securities or shares of a

company, not being a company in which the public are substantially interested, subject to 10 per cent tax (without benefit of indexation and foreign currency fluctuation.

(d) This rate applies to companies other than companies engaged in manufacturing business who are to be taxed at lower rate subject to fulfillment of certain conditions.

(e) If total turnover or gross receipts of the financial year 2015-16 does not exceed Rs.50 crores.

(c)

Progressive slab

*Considering a case of resident Individual of age less than 60 years.

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

NAV’s

Load Structure And Minimum Investment Amount

Annexures

Expense Ratios

Product Labeling

5

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

Axis Enhanced Arbitrage Fund 12

Fixed Income Outlook 13Axis Liquid Fund 14

Axis Dynamic Bond Fund 17

Axis Regular Savings Fund 19Axis Fixed Income Opportunities Fund 20

Axis Banking And PSU Debt Fund 22

Axis Equity Saver Fund 24

Axis Income Saver 26Axis Children Gift Fund 27Axis Triple Advantage Fund 28

30

31

32

34

35

Axis Treasury Advantage Fund 15Axis Short Term Fund 16

Axis Constant Maturity 10 Year Fund 21

29SIP Performance Of Selected Schemes

Tax Reckoner 2

Axis Corporate Debt Opportunities Fund 18

Axis Dynamic Equity Fund 25

Hybrid Outlook 23

Axis Multicap Fund 11

45

EQUITYJ A N U A R Y 2 0 1 8

28.6%

3.0%

12.3%

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.

DOMESTIC

CORPORATE

Equity markets ended the year with a stable 1% positive tick for the month on the benchmark indices S&P BSE Sensex & NIFTY 50. With this the S&P BSE SENSEX & NIFTY 50 returned 27.9% & 28.6% respectively for CY 17 on the back of a tepid 2016. NIFTY Midcap 100 Index returned 47.3% of the calendar year. Mid-cap indices outperformed the large caps for the fourth year running.

FII`s were net sellers in December with a net outflow of US$1 billion. Domestic investors continued to remain bullish on the equity markets offsetting the foreign outflows. Overall, 2017 was one of the best years for mutual funds in recent years as the industry saw significant traction and mind recall amidst buoyant equity markets. The primary markets continued to remain active with large issues from leading financial institutions and supply from government`s divestment program. Fund raising from IPO`s & QIP`s in 2017 exceeded 110,000 Crores.

GST numbers continued to remain lacklustre. Total GST collections for the month of November stood at 80,808 Cr. The government continued the GST rationalisation as part of its ongoing review of taxes on various products. Rates for 175 products were rationalized during the month. A notable point to note was that the government started releasing GST refunds to exporters giving a much needed relief to the sector.

The government disclosed an additional market borrowing of ̀ 50,000 cr. via dated government securities and 23,000 Cr of T-Bill borrowing. The requirement could be attributed to the lower than expected GST numbers, lower dividend from the Reserve Bank of India and the government`s unwillingness to reduce spending on key projects.

Consumer prices in India rose to a 15-month high in November due to the ongoing seasonal surge in vegetable prices and an unfavourable base effect from last year. Headline consumer price index (CPI) for the month of November moved up to 4.88% vis-à-vis previous month’s reading of 3.58%. Brent crude prices increased 9.1 percent month-on-month during November further adding to inflation pressures.

On the political front, victories in Gujarat and Himachal Pradesh offered comfort to the market. However, better than expected performance by opposition parties in the state elections, is likely to keep the ruling party on their toes in the run up to the assembly elections in 2019. Likely populist measures in the new year are likely to bring the focus on the rural consumption space.

We continue to believe that the economy has the advantage of a solid macro foundation, which combined with structural reforms is likely to push growth higher in the medium term. However, transition times are always tricky to estimate, and thus it’s easier to have conviction on the 2-3-year scenario than a 2-3 quarter one. The government`s focus on eliminating structural bottlenecks despite the tight fiscal balance is credible.

`

`

GLOBAL

6

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

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

Inve

stm

ent S

tyle

Value

Blend

Growth

Large Mid SmallMarket Cap

FUND STYLE

PORTFOLIO

% OF ASSETS

BANKS 23.23HDFC Bank Limited 9.64Kotak Mahindra Bank Limited 7.18ICICI Bank Limited 4.37IndusInd Bank Limited 2.04FINANCE 14.00HDFC Limited 6.83Bajaj Finance Limited 4.07Bajaj Finserv Limited 3.10CONSUMER NON DURABLES 10.94Hindustan Unilever Limited 3.30Britannia Industries Limited 3.03Asian Paints Limited 2.58United Spirits Limited 1.05ITC Limited 0.98AUTO 9.68Maruti Suzuki India Limited 8.52Mahindra & Mahindra Limited 1.16CEMENT 6.26Shree Cements Limited 1.99ACC Limited 1.54Ambuja Cements Limited 1.49UltraTech Cement Limited 1.24SOFTWARE 4.04Infosys Limited 1.88Tata Consultancy Services Limited 1.11Tech Mahindra Limited 1.05AUTO ANCILLARIES 4.97Endurance Technologies Limited 2.63Motherson Sumi Systems Limited 2.34TEXTILE PRODUCTS 3.87Page Industries Limited 3.87GAS 3.85GAIL (India) Limited 1.83Indraprastha Gas Limited 1.04Petronet LNG Limited 0.98OTHERS 13.14Telecom - Services 3.27Bharti Airtel Limited 3.27Retailing 2.62Avenue Supermarts Limited 2.62Pharmaceuticals 2.53Cadila Healthcare Limited 1.41Divi's Laboratories Limited 1.13Chemicals 1.74Pidilite Industries Limited 1.74Industrial Capital Goods 1.50Bharat Electronics Limited 1.50Pesticides 1.19UPL Limited 1.19Other Equity (less than 0.50% of the corpus) 0.28

Total Equity 93.97Debt, Cash & Other Receivables 6.03Net Assets 100%

Banks 23.23 Finance 14.28

Consumer Non Durables

10.94

Auto 9.68 Cement 6.26

Auto Ancillaries 4.97

Software 4.04 Textile Products 3.87 Gas 3.85 Others 12.85

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

1,906.04 Cr.

AS ON 31ST DECEMBER’17

1,941.72 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 12.59%

Beta - 0.91

Sharpe Ratio** - 0.26

PORTFOLIOTURNOVER* (1 YEAR)

1.73 times

FUND MANAGER

Mr. ShreyashDevalkar

Work experience:13 years. He has been managing this fund

since 23rd November 2016

SECTORALLOCATION

(%)

AXIS EQUITY FUND(AN OPEN-ENDED LARGE CAP EQUITY SCHEME)

FACTSHEETDECEMBER 2017

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 (w.e.f. 25th September 2017)

EXIT LOAD

PERFORMANCE (as on 29th December 2017)

DIVIDENDS

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 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 13.24Mar 05, 2015 1.00 1.00 16.53 15.53 1.00 1.00 16.89 15.89

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.**Risk-free rate assumed to be 6.20% (MIBOR as on 29-12-17) - 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 29th December 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

7

Date ofInception

Current Value of Investment

if ` 10,000 was invested on

Inception date

SinceInceptionCAGR (%)

5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Equity Fund - Growth05-Jan-10

25,370 12.36% 16.01% 9.53% 38.03%Nifty 50 (Benchmark) 19,952 9.03% 12.27% 8.34% 28.65%S&P BSE Sensex (Additional Benchmark) 19,256 8.55% 11.89% 7.40% 27.91%Axis Equity Fund - Direct Plan - Growth

01-Jan-1322,028 17.13% - 10.74% 39.81%

Nifty 50 (Benchmark) 17,696 12.11% - 8.34% 28.65%S&P BSE Sensex (Additional Benchmark) 17,393 11.72% - 7.40% 27.91%Past 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. 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. 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 32 for performance of all schemes managed by the fund manager.


Finance 21.56 Banks 15.64 Auto Ancillaries 10.55

Industrial Products

9.16

Auto 7.24 Cement 7.05 Software 6.41

Textile Products 4.45 Pharmaceuticals 4.30 Others 8.44

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

2,459.15 Cr.


2,622.99 Cr.

BENCHMARK

Nifty 50



Beta - 1.03



1.37 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:14 years.

He has been managing this fund since 07th June 2016

Inve

stm

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tyle

Value

Blend

Growth


FUND STYLE

SECTORALLOCATION

(%)

PORTFOLIO

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

AXIS FOCUSED 25 FUND(AN OPEN-ENDED EQUITY SCHEME)

EXIT LOAD


DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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. **Risk-free rate assumed to be 6.20% (MIBOR as on 29-12-17) - 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 29th December 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

8

Date ofInception

Current Value of Investment

if ` 10,000 was invested on

Inception date


5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Focused 25 Fund - Growth29-Jun-12

26,650 19.49% 18.29% 16.41% 45.15%Nifty 50 (Benchmark) 19,949 13.37% 12.27% 8.34% 28.65%S&P BSE 200 (Additional Benchmark) 21,883 15.29% 14.06% 10.94% 33.26%Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-1324,271 19.43% - 17.89% 46.86%

Nifty 50 (Benchmark) 17,696 12.11% - 8.34% 28.65%S&P BSE 200 (Additional Benchmark) 19,127 13.86% - 10.94% 33.26%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. 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. 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 32 for performance of all schemes managed by the fund manager.



% OF ASSETS

FINANCE 21.56

Bajaj Finserv Limited 5.28

Bajaj Finance Limited 4.02

Gruh Finance Limited 3.48

Mahindra & Mahindra Financial Services Limited

3.45

HDFC Standard Life Insurance Company Limited

2.68

Mas Financial Services Limited 1.41

HDFC Limited 1.23

BANKS 15.64

Kotak Mahindra Bank Limited 7.87

HDFC Bank Limited 7.77

AUTO ANCILLARIES 10.55

Motherson Sumi Systems Limited 4.41

Endurance Technologies Limited 3.15

WABCO India Limited 2.99

INDUSTRIAL PRODUCTS 9.16

Supreme Industries Limited 5.38

Cummins India Limited 3.78

AUTO 7.24

Maruti Suzuki India Limited 7.24

CEMENT 7.05

Shree Cements Limited 7.05

SOFTWARE 6.41

Info Edge (India) Limited 4.08

Infosys Limited 2.32

TEXTILE PRODUCTS 4.45

Page Industries Limited 4.45

PHARMACEUTICALS 4.30

Sun Pharma Advanced Research Company Limited 2.24

Cadila Healthcare Limited 2.07

OTHERS 8.44

Industrial Capital Goods 3.28

V-Guard Industries Limited 3.28

Retailing 3.10

Avenue Supermarts Limited 3.10

Chemicals 2.06

Pidilite Industries Limited 2.06

Total Equity 94.82

Cash & Other Receivables 5.18

Net Assets 100%


PORTFOLIO

Finance 23.65 Consumer Non

Durables13.33

Auto Ancillaries 12.94 Textile Products 5.96 Banks 5.71

Industrial Products

5.38

Industrial Capital Goods

3.59

Retailing 3.42

Gas 3.05 Others 17.38

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,325.94 Cr.


1,359.15 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.91



1.03 times

FUND MANAGER

Mr. Shreyash Devalkar

Work experience: 13 years.He has been managing this fund since

23rd November 2016

Inve

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tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETSFINANCE 23.65Gruh Finance Limited 5.93Bajaj Finance Limited 3.88Mahindra & Mahindra Financial Services Limited

3.15

Sundaram Finance Limited 3.11Cholamandalam Investment and Finance Company Limited

2.77

Bajaj Finserv Limited 2.50Mas Financial Services Limited 1.34Multi Commodity Exchange of India Limited 0.97CONSUMER NON DURABLES 13.33Procter & Gamble Hygiene and Health Care Limited

4.44

Jubilant Foodworks Limited 2.07Britannia Industries Limited 1.94Kansai Nerolac Paints Limited 1.41Emami Limited 1.39Godrej Agrovet Limited 1.05United Spirits Limited 1.03AUTO ANCILLARIES 12.94Endurance Technologies Limited 4.39MRF Limited 2.08WABCO India Limited 2.05Motherson Sumi Systems Limited 2.01Balkrishna Industries Limited 1.35Amara Raja Batteries Limited 1.05TEXTILE PRODUCTS 5.96Page Industries Limited 5.96BANKS 5.71City Union Bank Limited 4.67The Federal Bank Limited 1.04INDUSTRIAL PRODUCTS 5.38Supreme Industries Limited 3.08Schaeffler India Limited 1.25Astral Poly Technik Limited 1.04INDUSTRIAL CAPITAL GOODS 3.59V-Guard Industries Limited 3.59RETAILING 3.42Avenue Supermarts Limited 2.00Trent Limited 1.42GAS 3.05Indraprastha Gas Limited 1.56Petronet LNG Limited 1.49OTHERS 17.38Chemicals 2.97Tata Chemicals Limited 2.42Camlin Fine Sciences Limited 0.55Consumer Durables 2.25TTK Prestige Limited 1.70Bata India Limited 0.55Software 2.25Info Edge (India) Limited 2.25Construction Project 2.17Voltas Limited 2.17Cement 1.97The Ramco Cements Limited 1.97Pharmaceuticals 1.74Divi's Laboratories Limited 1.74Transportation 1.32Gujarat Pipavav Port Limited 1.32Ferrous Metals 1.05Shankara Building Products Limited 1.05Auto 0.99Ashok Leyland Limited 0.99Healthcare Services 0.68Shalby Limited 0.68Total Equity 94.39Debt, Cash & Other Receivables 5.61Net Assets 100%

SECTORALLOCATION

(%)

INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity and equity related instruments of mid size companies. The focus of the fund will be to invest in relatively larger companies within this category.

AXIS MIDCAP FUND(AN OPEN-ENDED EQUITY SCHEME)

EXIT LOAD



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

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. **Risk-free rate assumed to be 6.20% (MIBOR as on 29-12-17) - 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 29th December 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

DIVIDENDS

9

Date ofInception

Current Value of Investment if `

10,000 was invested on Inception date


5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Midcap Fund - Growth18-Feb-11

34,460 19.75% 20.59% 11.54% 41.99%S&P BSE Midcap (Benchmark) 26,754 15.41% 20.18% 19.79% 48.13%Nifty 50 (Additional Benchmark) 19,291 10.04% 12.27% 8.34% 28.65%Axis Midcap Fund - Direct Plan - Growth

01-Jan-1326,728 21.75% - 12.86% 43.60%

S&P BSE Midcap (Benchmark) 24,762 19.91% - 19.79% 48.13%Nifty 50 (Additional Benchmark) 17,696 12.11% - 8.34% 28.65%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. 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. 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 32 for performance of all schemes managed by the fund manager.




PORTFOLIO

Finance 17.95 Banks 15.51 Auto 10.03 Auto Ancillaries 9.09 Software 6.73 Consumer

Durables6.50

Chemicals 5.77 Pharmaceuticals 5.39

Retailing 3.61 Others 15.86

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

15,701.46 Cr.


16,107.68 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 11.94%

Beta - 0.83



1.77 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 14 years.

He has been managing this fund since 1st April 2011

Inve

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tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETS

FINANCE 17.05HDFC Limited 6.08Bajaj Finance Limited 4.36Gruh Finance Limited 3.25Sundaram Finance Limited 2.64Multi Commodity Exchange of India Limited 0.72BANKS 15.51HDFC Bank Limited 7.98Kotak Mahindra Bank Limited 7.53AUTO 10.03Maruti Suzuki India Limited 5.72Eicher Motors Limited 2.42Mahindra & Mahindra Limited 1.89AUTO ANCILLARIES 8.51Motherson Sumi Systems Limited 4.80WABCO India Limited 2.11Endurance Technologies Limited 1.60SOFTWARE 6.73Tata Consultancy Services Limited 2.91Info Edge (India) Limited 1.96Wipro Limited 1.20Infosys Limited 0.65CONSUMER DURABLES 6.50TTK Prestige Limited 3.69Symphony Limited 2.81CHEMICALS 5.77Pidilite Industries Limited 5.77PHARMACEUTICALS 4.91Sun Pharmaceutical Industries Limited 2.19Cadila Healthcare Limited 1.73Divi's Laboratories Limited 1.00RETAILING 3.61Avenue Supermarts Limited 3.61OTHERS 17.81POWER 3.12Torrent Power Limited 3.12Industrial Products 3.05Cummins India Limited 1.87Astral Poly Technik Limited 1.18Construction Project 2.66Larsen & Toubro Limited 2.66Pesticides 2.01PI Industries Limited 2.01Commercial Services 1.51Quess Corp Limited 1.51Textile Products 1.02Page Industries Limited 1.02Consumer Non Durables 0.90Nestle India Limited 0.90Industrial Capital Goods 0.75V-Guard Industries Limited 0.75Other Equity (less than 0.50% of the corpus) 2.79Total Equity 96.42Debt, Cash & Other Receivables 3.58Net Assets 100%

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 3 YEAR LOCK-IN)

NIL

EXIT LOAD


DIVIDENDS

Options Record Date


(Cum Dividend)

Individuals/ HUF

Others

Regular Dividend

Jan 31, 2017 2.23 2.23 21.1726Jan 25, 2016 2.25 2.25 21.2217Jan 22, 2015 2.00 2.00 24.2942

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 **Risk-free rate assumed to be 6.20% (MIBOR as on 29-12-17) - 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 29th December 2017.Source: ACEMF*Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

10

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Long Term Equity Fund - Growth29-Dec-09

41,782 19.56% 23.05% 13.36% 37.44%S&P BSE 200 (Benchmark) 21,521 10.05% 14.06% 10.94% 33.26%Nifty 50 (Additional Benchmark) 20,298 9.25% 12.27% 8.34% 28.65%Axis Long Term Equity Fund - Direct Plan - Growth

01-Jan-1329,700 24.35% - 14.62% 38.99%

S&P BSE 200 (Benchmark) 19,127 13.86% - 10.94% 33.26%Nifty 50 (Additional Benchmark) 17,696 12.11% - 8.34% 28.65%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. 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.Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager.



PORTFOLIO

Banks 14.84 Finance 10.92 Auto 10.06 Consumer Non

Durables5.29

Software 4.43 Auto Ancillaries 4.17

Telecom - Services

4.02

Cement 4.01

Retailing 3.08 Others 9.08

MONTHLY AVERAGE

2,264.34 Cr.


2,304.07 Cr.

BENCHMARK

S&P BSE 200 Index

Inve

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tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETS

BANKS 14.84



ICICI Bank Limited 1.91

FINANCE 10.92


Mahindra & Mahindra Financial Services Limited 3.30

Multi Commodity Exchange of India Limited 1.41

Mas Financial Services Limited 1.21

AUTO 10.06


Mahindra & Mahindra Limited 1.96

Ashok Leyland Limited 1.81

Hero MotoCorp Limited 1.02

CONSUMER NON DURABLES 5.29

Hindustan Unilever Limited 2.37

Kansai Nerolac Paints Limited 1.61

Asian Paints Limited 1.31

SOFTWARE 4.43


Tech Mahindra Limited 2.08



MRF Limited 1.98

TELECOM - SERVICES 4.02

Bharti Airtel Limited 4.02

CEMENT 4.01

Ambuja Cements Limited 1.39


UltraTech Cement Limited 1.26

RETAILING 3.08


OTHERS 9.08

Chemicals 1.96


Pesticides 1.49

UPL Limited 1.49

Pharmaceuticals 1.35

Divi's Laboratories Limited 1.35

Gas 1.21

GAIL (India) Limited 1.21

Industrial Capital Goods 1.13

V-Guard Industries Limited 1.13

Construction Project 1.08

Voltas Limited 1.08

Textile Products 0.56


Other Equity (less than 0.50% of the corpus) 0.31

Total Equity 69.90

Debt, Cash & Other Receivables 30.10

Net Assets 100%

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

11


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

(AN OPEN-ENDED EQUITY SCHEME INVESTING ACROSS LARGE CAP , MID CAP, SMALL CAP STOCKS.)

Mr. Jinesh GopaniWork experience: 14 years.

He has been managing the fund since inception.

Mr. Shreyash Devalkar Work experience: 13 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

EXIT LOAD

If redeemed / switched-out within 12 months from the date of al-lotment: 1%, If redeemed / switched - out after 12 months from the date of allotment: NIL


PORTFOLIO

% OF ASSETSTOTAL HEDGED EQUITY 66.90Sun Pharmaceutical Industries Limited 6.44Motherson Sumi Systems Limited 6.08Larsen & Toubro Limited 5.81Bajaj Finance Limited 4.16Century Textiles & Industries Limited 4.11Dewan Housing Finance Corporation Limited 3.57The Federal Bank Limited 2.27Torrent Power Limited 1.93Siemens Limited 1.82Maruti Suzuki India Limited 1.77Aurobindo Pharma Limited 1.58Suzlon Energy Limited 1.46GMR Infrastructure Limited 1.37Jaiprakash Associates Limited 1.35Bharat Electronics Limited 1.31LIC Housing Finance Limited 0.96IDFC Bank Limited 0.93Tata Global Beverages Limited 0.92Dr. Reddy's Laboratories Limited 0.92Tata Motors Limited 0.91Tata Motors Limited 0.85Wockhardt Limited 0.79Cadila Healthcare Limited 0.74Fortis Healthcare Limited 0.74Pidilite Industries Limited 0.71Petronet LNG Limited 0.70Infibeam Incorporation Limited 0.63Manappuram Finance Limited 0.61Bharti Airtel Limited 0.61UPL Limited 0.61Steel Authority of India Limited 0.60BEML Limited 0.59Idea Cellular Limited 0.54Bank of Baroda 0.53Housing Development and Infrastructure Limited 0.43Titan Company Limited 0.41DLF Limited 0.40Jain Irrigation Systems Limited 0.39Vedanta Limited 0.39CEAT Limited 0.38Glenmark Pharmaceuticals Limited 0.38Jindal Steel & Power Limited 0.36Escorts Limited 0.32Capital First Limited 0.32Shriram Transport Finance Company Limited 0.26Bharat Financial Inclusion Limited 0.24CESC Limited 0.24Jet Airways (India) Limited 0.21Tata Chemicals Limited 0.20Ujjivan Financial Services Limited 0.20Max Financial Services Limited 0.19Arvind Limited 0.18Yes Bank Limited 0.17The India Cements Limited 0.16Power Grid Corporation of India Limited 0.16Indiabulls Housing Finance Limited 0.15Tata Steel Limited 0.15The Karnataka Bank Limited 0.13Ashok Leyland Limited 0.13Mahindra & Mahindra Financial Services Limited 0.12ICICI Prudential Life Insurance Company Limited 0.12IFCI Limited 0.11Colgate Palmolive (India) Limited 0.10The South Indian Bank Limited 0.10IDFC Limited 0.08MRF Limited 0.08Adani Power Limited~ 0.07JSW Steel Limited 0.07Nestle India Limited 0.06Godfrey Phillips India Limited 0.05Hindustan Zinc Limited 0.05L&T Finance Holdings Limited 0.05Hindalco Industries Limited 0.05Amara Raja Batteries Limited 0.05Strides Shasun Limited 0.04Britannia Industries Limited 0.04Reliance Capital Limited 0.04Tata Power Company Limited 0.03IRB Infrastructure Developers Limited 0.03Allahabad Bank 0.02Havells India Limited 0.02Oriental Bank of Commerce 0.01Castrol India Limited 0.01NHPC Limited 0.01Asian Paints Limited 0.01United Spirits Limited 0.01Tata Elxsi Limited 0.01DEBT, CASH & OTHER RECEIVABLES 33.10NET ASSET 100% 100%

~ Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited

DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

1,328.20 Cr.


1,556.83 Cr.

BENCHMARK

Crisil Liquid Fund Index

Mr. Ashwin Patni Work experience: 13 years.

He has been managing the fund since 27th April 2015

Mr. Devang ShahWork experience: 11 years.


FUND MANAGER

AXIS ENHANCED ARBITRAGE FUNDINVESTMENT 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 ARBITRAGE FUND)

0.25% if redeemed / switched out within 7 days from the date of allotment. (w.e.f. 15th May 2015)

EXIT LOAD


DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendDec 21, 2017 0.05 0.05 10.5058 10.4558 0.05 0.05 10.9194 10.8694Nov 23, 2017 0.05 0.05 10.5006 10.4506 0.05 0.05 10.9052 10.8552Oct 25, 2017 0.05 0.05 10.5018 10.4518 0.05 0.05 10.8974 10.8474

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. @ 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.

12

AVERAGE MATURITY*@

201 daysMODIFIED DURATION*@

174 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

6.78%PORTFOLIO TURNOVER# (1 YEAR)

12.68 times

Date ofInception

Current Value of Investment if ` 10,000

was invested on Inception date


5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Enhanced Arbitrage Fund - Growth14-Aug-14

12,424 6.64% - 6.49% 5.23%CRISIL Liquid Fund Index (Benchmark) 12,814 7.62% - 7.46% 6.64%CRISIL 1 Year T-Bill (Additional Benchmark) 12,694 7.32% - 7.11% 5.83%Axis Enhanced Arbitrage - Direct Plan - Growth

14-Aug-1412,780 7.53% - 7.39% 6.09%

CRISIL Liquid Fund Index (Benchmark) 12,814 7.62% - 7.46% 6.64%CRISIL 1 Year T-Bill (Additional Benchmark) 12,694 7.32% - 7.11% 5.83%Past 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 43 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 22 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund managers.


FIXEDINCOME

J A N U A R Y 2 0 1 8

The GILT markets saw significant activity this month on the back negative news flow on the government borrowing and GST data. The sentiment was further dented with the surge in crude prices. Brent crude prices increased 9.1 percent month-on-month during November further adding to inflation pressures. The 10-year benchmark ended the month at 7.33%, a rise of 27 bps over November 2017.

The government disclosed an additional market borrowing of Rs. 50,000 cr. via dated government securities and 23,000 Cr of T-Bill borrowing. The requirement could be attributed to the lower than expected GST numbers, lower dividend from the Reserve Bank of India and the government`s unwillingness to reduce spending on key projects. GST numbers continued to remain lackluster. Total GST collections for the month of November stood at Rs. 80,808 Cr.

Consumer prices in India rose to a 15-month high in November 2017 due to the ongoing seasonal surge in vegetable prices and an unfavorable base effect from last year. Headline consumer price index (CPI) for the month of November moved up to 4.88% vis-à-vis previous month’s reading of 3.58%. Bank recapitalization should be positive for credit growth which in turn is likely to boost economic growth and we could expect some more pro-growth initiatives as we get closer to the 2019 general elections.

We expect CPI Inflation to remain broadly within the 4% +/-2% target zone of RBI and full year GDP growth to be in the range of 6.5 – 7% for FY18. Structural liquidity (Government Cash Balances + LAF Balances & MSS) in the system continue to remain high at roughly 2.5 lakh crore as per latest estimates. Given that the government will roll over balances into new financial year, and accounting for seasonal trends in currency circulation, we expect liquidity to remain in neutral to surplus zone for next 6-12 months. Hence we believe that RBI is not likely to alter key rates while maintaining a neutral stance on liquidity.

On account of the above mentioned factors, 1-3-year segment of the curve has seen some sell off and volatility. While corporate bonds might continue to see some volatility in March quarter as we enter the period of credit growth, supply & busy season but we believe them to be well bid and attractive till banking liquidity remains surplus over the next 6-12 months. Hence 1-3-year segment are likely to offer superior risk adjusted returns as compared to money market and ultra-short term funds.

We would like to re-iterate our view, that we are at the fag-end of the RBI rate cut cycle. We believe that inflation has bottomed out and with the expected pick-up in growth we don’t expect to see significant monetary easing by RBI going forward. We continue to advise investors to stay invested in short to medium term strategy and to start actively looking at credit funds.

10 YEAR G-SEC YIELD

7.33%

QUICK TAKE

CPI Inflation : Last 1 year

4.88%

3.41%

Repo : Last 1 year

6.25%

6.00%

10 yr G-Sec : Last 1 year

7.33%

6.52%

• Bonds continue to remain under pressure as 10-year benchmark yield goes over 7.30%.

• RBI may choose to hold rates for the rest of the financial year given the anticipated pressures on the fiscal deficit and spiking inflation.

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

13


PORTFOLIO

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^ 114.04BANKS 16.20IDFC Bank Limited ICRA A1+ 4.94HDFC Bank Limited CARE A1+ 3.67The South Indian Bank Limited CARE A1+ 2.47RBL Bank Limited ICRA A1+ 1.86ICICI Bank Limited ICRA A1+ 1.85NABARD CRISIL A1+ 0.62IndusInd Bank Limited CRISIL A1+ 0.31RBL Bank Limited CRISIL A1+ 0.31Small Industries Dev Bank of India CRISIL A1+ 0.15OTHERS 77.76HDFC Limited ICRA A1+ 7.50NABARD CRISIL A1+ 6.83Reliance Jio Infocomm Limited CRISIL A1+ 5.07Indiabulls Housing Finance Limited CRISIL A1+ 5.02Vedanta Limited CRISIL A1+ 4.32Edelweiss Commodities Services Limited CRISIL A1+ 3.30Tata Motors Finance Limited ICRA A1+ 3.21Network18 Media & Investments Limited ICRA A1+ 2.94Dewan Housing Finance Corporation Limited CRISIL A1+ 2.45Aditya Birla Finance Limited ICRA A1+ 2.41Piramal Enterprises Limited ICRA A1+ 2.31India Infoline Limited CRISIL A1+ 1.85Tata Motors Finance Limited CARE A1+ 1.82JM Financial Products Limited ICRA A1+ 1.81Piramal Housing Finance Pvt Limited ICRA A1+ 1.69TMF Holdings Limited ICRA A1+ 1.54Sundaram Finance Limited CRISIL A1+ 1.54Gruh Finance Limited CRISIL A1+ 1.54Tata Capital Financial Services Limited CRISIL A1+ 1.24Tata Steel Limited ICRA A1+ 1.24CESC Limited CARE A1+ 1.24Kotak Mahindra Investments Limited CRISIL A1+ 1.23T V Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.99Emami Limited CRISIL A1+ 0.93IDFC Infrastructure Finance Limited ICRA A1+ 0.93Barclays Invest & Loans India Limited CRISIL A1+ 0.92Kotak Securities Limited ICRA A1+ 0.92Godrej Industries Limited CRISIL A1+ 0.90Talwandi Sabo Power Limited CRISIL A1+(SO) 0.89JSW Steel Limited ICRA A1+ 0.77Adani Transmission Limited ICRA A1+ 0.62Nirma Limited CRISIL A1+ 0.62Trapti Trading & Invest Pvt Limited ICRA A1+ 0.62TVS Credit Services Limited CRISIL A1+ 0.62TGS Investment & Trade Pvt Limited ICRA A1+ 0.62ICICI Home Finance Company Limited ICRA A1+ 0.61Bajaj Housing Finance Limited CRISIL A1+ 0.61Kotak Mahindra Investments Limited ICRA A1+ 0.61Mahindra & Mahindra Financial Services Limited CRISIL A1+ 0.59Varroc Engineering Pvt Limited ICRA A1+ 0.55Mahindra Rural Housing Finance IND A1+ 0.43Kotak Mahindra Prime Limited CRISIL A1+ 0.31Magma Fincorp Limited CRISIL A1+ 0.31IFMR Capital Finance Pvt Limited ICRA A1+ 0.31Indiabulls Commercial Credit Limited CRISIL A1+ 0.31Infina Finance Private Limited CRISIL A1+ 0.25JM Financial Services Limited CRISIL A1+ 0.15Redington (India) Limited CRISIL A1+ 0.15Hero Fincorp Limited CRISIL A1+ 0.03India Infoline Finance Limited ICRA A1+ 0.03Kotak Mahindra Prime Limited ICRA A1+ 0.03TREASURY BILL 20.0891 Days Tbill Sovereign 16.08329 Days Tbill Sovereign 1.54317 Days Tbill Sovereign 1.54323 Days Tbill Sovereign 0.46312 Days Tbill Sovereign 0.46TOTAL DEBT 1.05CORPORATE BOND 1.05Gruh Finance Limited ICRA AAA 0.45Shriram Transport Finance Company Limited CRISIL AA+ 0.31ECL Finance Limited ICRA AA 0.28NET CURRENT ASSETS -15.09NET ASSETS 100%

^Certificate Of Deposit/Commercial Paper/Treasury Bill

Aggregate Investments by other schemes as on December 31st, 2017 -Nil

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

21,293.48 Cr.


16,055.91 Cr.

BENCHMARK


AVERAGE MATURITY*

52 daysMODIFIED DURATION*


6.46%


He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 9 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Total Money Market Instruments* - 98.95% Corporate Bond - 1.05%

ICRA A1+/CRISIL A1+/CARE A1+/ICRA AAA/CRISIL A1+(SO)/IND A1+ & Equivalent - 79.32% SOV - 20.08%

CRISIL AA+ - 0.31% ICRA AA - 0.28%

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

Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low

High Mid LowCredit Quality

FUND STYLE

Credit Risk Rating[ICRA] A1+mfs^

CARE AAA mfs^

* Includes Net Current Assets

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

AXIS LIQUID FUND(AN OPEN-ENDED LIQUID SCHEME)

NIL

EXIT LOAD

PERFORMANCE (as on 31st December 2017)

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, 2017 3.6449 3.3769 1,005.6362 1000.5896 3.3019 3.0464 1004.7728 1,000.2201 3.6741 3.4040 1005.3062 1,000.2192Nov 27, 2017 4.1473 3.8423 1,006.3317 1,000.5896 3.7571 3.4627 1,005.3948 1,000.2201 4.1823 3.8748 1,006.0098 1,000.2192Oct 25, 2017 3.8263 3.5450 1,005.8873 1,000.5896 3.4553 3.2049 1,005.0096 1,000.2201 3.8579 3.5743 1,005.5607 1,000.2192

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * 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.

14

^^

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Liquid Fund - Growth09-Oct-09

18,875 8.02% 8.19% 7.56% 6.67%Crisil Liquid Fund Index (Benchmark) 18,346 7.65% 8.12% 7.46% 6.62%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,807 6.51% 7.15% 7.11% 5.81%Axis Liquid Fund - Direct Plan - Growth

31-Dec-1214,878 8.27% 8.27% 7.64% 6.75%

Crisil Liquid Fund Index (Benchmark) 14,777 8.12% 8.12% 7.46% 6.62%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,124 7.15% 7.15% 7.11% 5.81%Axis Liquid Fund - Retail Plan - Growth

01-Mar-1017,946 7.74% 7.64% 6.99% 6.08%

Crisil Liquid Fund Index (Benchmark) 18,140 7.89% 8.12% 7.46% 6.62%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,640 6.71% 7.15% 7.11% 5.81%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. 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 5th November 2012 and he manages 43 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on Page 32-33 for performance of schemes managed by the fund managers.

DIVIDENDS




Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Indi-viduals/

HUFOthers

Individu-als/ HUF

OthersIndi-

viduals/ HUF

Others

Monthly Dividend

Dec 26, 2017 2.5169 2.3319 1,008.9362 1,005.4514 2.1075 1.9528 1,008.3665 1,005.4482 2.8260 2.6183 1,009.3659 1,005.4530Nov 27, 2017 3.4684 3.2134 1,010.2536 1,005.4514 3.0017 2.7809 1,009.6041 1,005.4482 3.8184 3.5376 1,010.7397 1,005.4530Oct 25, 2017 3.8932 3.6070 1,010.8418 1,005.4514 3.4674 3.2122 1,010.2486 1,005.4482 4.2106 3.8984 1,011.2829 1,005.4530

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * 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

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^ 30.43

BANKS 10.56

Kotak Mahindra Bank Limited CRISIL A1+ 4.18

IndusInd Bank Limited CRISIL A1+ 3.88

RBL Bank Limited ICRA A1+ 2.09

ICICI Bank Limited ICRA A1+ 0.41

OTHERS 16.47Adani Ports and Special Economic Zone Limited

ICRA A1+ 5.21

Sun Pharmaceutical Industries Limited ICRA A1+ 4.18

Redington (India) Limited CRISIL A1+ 2.72

Shapoorji Pallonji and Company Pvt Limited ICRA A1+ 2.09

JM Financial Products Limited ICRA A1+ 1.04

Turquoise Invest & Finance Pvt Limited CRISIL A1+ 1.02

Godrej Industries Limited CRISIL A1+ 0.21

TREASURY BILL 3.40

91 DAYS TBILL Sovereign 3.40

TOTAL DEBT 59.38

CORPORATE BOND 51.34

NABARD CRISIL AAA 10.17

Indiabulls Housing Finance Limited BWR AAA 4.55

Reliance Jio Infocomm Limited CRISIL AAA 4.26

Piramal Finance Limited ICRA AA 4.25

Citicorp Finance India Limited ICRA AAA 3.80

Vedanta Limited CRISIL AA 3.60

Edelweiss Commodities Services Limited CRISIL AA 3.17

HDFC Limited CRISIL AAA 2.28

Hinduja Leyland Finance Limited CARE AA- 2.15

Daimler Financial Services India Pvt Limited IND AAA 1.69

JM Financial Products Limited CRISIL AA 1.69

Muthoot Finance Limited CRISIL AA 1.36

India Infoline Finance Limited ICRA AA 1.27

LIC Housing Finance Limited CRISIL AAA 1.06

Tata Capital Financial Services Limited CRISIL AA+ 1.06

Mahindra Rural Housing Finance IND AA+ 1.05

Tata Motors Finance Limited CRISIL AA 1.05

Magma Fincorp Limited ICRA AA- 1.05

UPL Limited BWR AA+ 0.64

Power Finance Corporation Limited CRISIL AAA 0.44Cholamandalam Investment and Finance Company Limited

ICRA AA 0.42

IndoStar Capital Finance Limited IND AA- 0.21

Small Industries Dev Bank of India CARE AAA 0.09

ZERO COUPON BOND 8.05

Dewan Housing Finance Corporation Limited

CARE AAA 6.37

Sundaram BNP Paribas Home Finance Limited

ICRA AA+ 1.12


PASS THROUGH CERTIFICATE 2.55

Sansar TrustICRA

A1+(SO)1.68

Sansar TrustICRA

AAA(SO)0.87

NET CURRENT ASSETS 7.64

NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/Treasury Bill

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

2,690.48 Cr.


2,366.46 Cr.

BENCHMARK


AVERAGE MATURITY*

221 daysMODIFIED DURATION

*


7.41%


He has been managing this fund since07th June 2016.



FUND MANAGER

Corporate Bond - 51.34% Total Money Market Instruments* - 38.07% Zero Coupon Bond - 8.05% Pass Through Certificate - 2.55%

ICRA A1+/CRISIL A1+/CRISIL AAA/CARE AAA/ICRA AAA/BWR AAA/IND AAA/ICRA A1+(SO)/ICRA AAA(SO) & Equivalent - 71.94% ICRA AA/CRISIL AA - 17.37% CRISIL AA+/ ICRA AA+/IND AA+/BWR AA+ - 3.88% ICRA AA-/CARE AA-/IND AA- - 3.41% SOV - 3.40%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA] A1+mfs^


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 DEBT SCHEME)

NIL

EXIT LOAD


DIVIDENDS

15

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Treasury Advantage Fund - Growth09-Oct-09

19,011 8.12% 8.28% 7.76% 6.59%Crisil Liquid Fund Index (Benchmark) 18,339 7.65% 8.12% 7.46% 6.64%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,802 6.51% 7.15% 7.11% 5.83%Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-1315,200 8.74% - 8.24% 7.24%

Crisil Liquid Fund Index (Benchmark) 14,769 8.12% - 7.46% 6.64%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,114 7.14% - 7.11% 5.83%Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-1017,812 7.65% 7.56% 7.13% 6.07%

Crisil Liquid Fund Index (Benchmark) 18,123 7.89% 8.12% 7.46% 6.64%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,632 6.71% 7.15% 7.11% 5.83%

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. 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 7th June 2016 and he manages 43 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on 32-33 for performance of schemes managed by the fund managers.



PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

7,271.72 Cr.


6,090.53 Cr.

BENCHMARK

Crisil Short Term Bond Fund Index

AVERAGE MATURITY*

2.2 yearsMODIFIED DURATION

*

1.8 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

7.76%



FUND MANAGER

Corporate Bond - 83.31% State Government Bond - 6.91% Total Money Market Instruments* - 4.41% Zero Coupon Bond - 2.89% Government Bond - 2.48%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA]AAAmfs$


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 DEBT SCHEME)

NIL (w.e.f. 28th August 2015)

EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Individuals/ HUF

Others

Monthly Dividend

Dec 26, 2017 0.0073 0.0067 10.1471 10.1370 0.0068 0.0063 10.0118 10.0024 0.0109 0.0101 10.0190 10.0038Nov 27, 2017 0.0442 0.0410 10.2127 10.1514 0.0417 0.0387 10.0739 10.0161 0.0462 0.0428 10.0817 10.0176Oct 25, 2017 0.0397 0.0368 10.2404 10.1854 0.0380 0.0352 10.0996 10.0470 0.0422 0.0391 10.1069 10.0484


16

ICRA A1+/CRISIL AAA/CARE AAA/ICRA AAA/ IND AAA/ BWR AAA/CRISIL AAA(SO)

& Equivalent - 77.94% SOV - 9.39% CRISIL AA+/CARE AA+/ICRA AA+/

IND AA+ - 6.63% ICRA AA/CRISIL AA - 6.04%

RATING % OF ASSETSTOTAL DEBT 95.59


Power Finance Corporation Limited CRISIL AAA 14.00



Rural Electrification Corporation Limited CRISIL AAA 5.24


NABARD IND AAA 3.36

Power Grid Corporation of India Limited CRISIL AAA 2.50


Cholamandalam Investment and Finance Company Limited

ICRA AA 2.24

Vodafone Mobile Services Limited CRISIL AA 2.08

HDB Financial Services Limited CRISIL AAA 2.06


Tata Sons Ltd CRISIL AAA 1.97

Shriram Transport Finance Company Limited CRISIL AA+ 1.64

Reliance Utilities & Power Pvt Limited CRISIL AAA 1.45

Mahindra & Mahindra Financial Services Limited IND AAA 1.31

Tata Capital Financial Services Limited CRISIL AA+ 1.23

LIC Housing Finance Limited CARE AAA 1.14

Reliance Industries Limited CRISIL AAA 1.13

Nirma Limited CRISIL AA 1.08

NHPC Limited ICRA AAA 0.97

Indiabulls Housing Finance Limited ICRA AAA 0.97

Tata Motors Limited CARE AA+ 0.84

L&T Housing Finance CARE AA+ 0.81

Dewan Housing Finance Corporation Limited CARE AAA 0.78

L&T Infrastructure Finance Company Limited CARE AA+ 0.66

Gruh Finance Limited CRISIL AAA 0.65

National Highways Auth Of Ind CRISIL AAA 0.65

Dewan Housing Finance Corporation Limited BWR AAA 0.63

IDFC Bank Limited ICRA AAA 0.58

Daimler Financial Services India Pvt Limited IND AAA 0.58

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.57

Tata Capital Financial Services Limited ICRA AA+ 0.52


Mahindra Rural Housing Finance CRISIL AA+ 0.41

Bhopal Dhule Transmission Company Limited CRISIL AAA 0.24

Bajaj Finance Limited CARE AAA 0.18

Tube Investment of India Limited CRISIL AA 0.16

Export Import Bank of India CRISIL AAA 0.10

Indiabulls Housing Finance Limited CARE AAA 0.09


STATE GOVERNMENT BOND Sovereign 6.91


Dewan Housing Finance Corporation Limited CARE AAA 1.76

Aditya Birla Fashion and Retail Limited CRISIL AA 0.48

Sundaram BNP Paribas Home Finance Limited ICRA AA+ 0.44


Axis Finance Limited IND AAA 0.02

HDB Financial Services Limited CRISIL AAA 0.004

GOVERNMENT BOND Sovereign 2.48

TOTAL MONEY MARKET INSTRUMENTS^ 0.40

OTHERS 0.40

Trapti Trading & Invest Pvt Limited ICRA A1+ 0.40


NET ASSETS 100%

^Commercial Paper

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Short Term Fund - Growth22-Jan-10

18,549 8.09% 8.20% 7.89% 5.93%Crisil Short Term Bond Fund Index (Benchmark) 18,574 8.11% 8.64% 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,672 6.65% 7.15% 7.11% 5.83%Axis Short Term Fund - Direct Plan - Growth

01-Jan-1315,408 9.04% - 8.70% 6.67%

Crisil Short Term Bond Fund Index (Benchmark) 15,127 8.64% - 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,114 7.14% - 7.11% 5.83%Axis Short Term Fund - Retail Plan - Growth

02-Mar-1018,339 8.05% 8.21% 7.89% 5.93%

Crisil Short Term Bond Fund Index (Benchmark) 18,536 8.20% 8.64% 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,632 6.71% 7.15% 7.11% 5.83%Past 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 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager.

DIVIDENDS




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, 2017 0.3611 0.3345 11.1287 10.6287 0.3611 0.3345 11.7742 11.2742Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017Sep 28, 2015 0.2889 0.2676 11.1709 10.7709 0.2889 0.2676 11.5136 11.1136

Quarterly DividendDec 26, 2017 0.1805 0.1672 10.3747 10.1247 0.1805 0.1672 11.0901 10.8401Sep 25, 2017 0.1805 0.1672 10.6678 10.4178 0.1805 0.1672 11.3649 11.1149Jun 27, 2017 0.1805 0.1672 10.8368 10.5868 0.1805 0.1672 11.5039 11.2539

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. * 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

RATING % OF ASSETS

TOTAL DEBT 86.38





Reliance Gas Transportation Infrastructure Limited CRISIL AAA 5.03

Syndicate Bank IND AA- 4.25

Allahabad Bank CARE A+ 4.20

Punjab National Bank BWR AA+ 3.37

Union Bank of India IND AA 3.33

Tata Power Company Limited CRISIL AA- 1.20

India Infrastructure Fin Co Ltd CRISIL AAA 0.81

STATE GOVERNMENT BOND Sovereign 13.04


Sansar Trust ICRA AAA(SO) 5.25

IIERT Trust CRISIL AAA(SO) 3.04

Solstice Trust ICRA A(SO) 1.14


NET ASSETS 100%

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

363.59 Cr.


357.06 Cr.

BENCHMARK

Crisil Composite Bond Fund Index

AVERAGE MATURITY*

6.9 yearsMODIFIED DURATION*


8.06%

Mr. R. SivakumarWork experience: 18 years.

He has been managing this fund since inception



FUND MANAGER

Government Bond - 37.18% Corporate Bond - 36.17% State Government Bond - 13.04% Pass Through Certificate - 9.42% Total Money Market Instruments* - 4.20%

SOV - 50.21% CRISIL AAA/CRISIL AAA(SO)/ICRA AAA(SO) & Equivalent - 32.30% CRISIL AA-/IND AA- -5.46% CARE A+- 4.20% BWR AA+ - 3.37% IND AA - 3.33% ICRA A(SO) - 1.14%

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

tern

al R

ate

Sens

itivi

ty

High

Med

Low


FUND STYLE


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 DEBT FUND)

EXIT LOAD (w.e.f. 10th November 2017)


DIVIDENDS

17

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Dynamic Bond Fund - Growth

27-Apr-11

17,406 8.65% 8.42% 7.77% 3.38%

Crisil Composite Bond Fund Index (Benchmark) 17,515 8.75% 8.79% 8.71% 4.69%CRISIL 10 year Gilt Index (Additional Benchmark) 15,700 6.99% 6.95% 7.26% -0.07%

Axis Dynamic Bond Fund - Direct Plan -Growth

01-Jan-13

15,816 9.61% - 8.90% 4.28%

Crisil Composite Bond Fund Index (Benchmark) 15,207 8.76% - 8.71% 4.69%CRISIL 10 year Gilt Index (Additional Benchmark) 13,935 6.87% - 7.26% -0.07%

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. Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs.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. R. Sivakumar is managing the scheme since inception and he manages 6 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page 32&33 for performance of schemes managed by the fund managers.


NIL


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 61.91


UPL Limited BWR AA+ 6.64



BWR AAA 4.96



India Infoline Finance Limited ICRA AA 3.29

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 3.28

Tata Power Company Limited ICRA AA- 3.27

Nirma Limited CRISIL AA 3.27

Muthoot Finance Limited CRISIL AA 2.30

Cyquator Media Services Private Limited# BWR A1+(SO) 1.64



Magma Fincorp Limited ICRA AA- 1.62

Union Bank of India IND AA 1.62

Hinduja Leyland Finance Limited CARE AA- 1.33


Edelweiss Commodities Services Limited CARE AA 3.70


Sprit Textile Pvt Limited BWR AA-(SO) 3.38

Emami Infrastructure Limited** IND AA-(SO) 2.23


OTHERS 16.13

Redington (India) Limited CRISIL A1+ 4.85

HDFC Limited ICRA A1+ 3.24

Varroc Engineering Pvt Limited ICRA A1+ 3.24

Export Import Bank of India CRISIL A1+ 3.22


BANKS 9.68


CONSTRUCTION 2.73

IIERT TRUST CRISIL AAA(SO) 2.73


Sansar Trust ICRA AAA(SO) 1.55

Sansar Trust ICRA A1+(SO) 0.58

RETAIL 1.26

MFL Securitisation TrustCRISIL AAA(SO)

1.26


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/ # Secured by shares ofZee Entertainment Enterprises Ltd / ** Secured by shares of Emami Ltd

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

296.04 Cr.


305.70 Cr.

BENCHMARK

CRISIL Short Term Bond Fund Index

AVERAGE MATURITY*

346 daysMODIFIED DURATION*


7.76%

Corporate Bond - 49.02% Total Money Market Instruments* - 31.97% Zero Coupon Bond - 12.88% Construction - 2.73% Pass Through Certificate - 2.13% Retail - 1.26%

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 OPPORTUNITIES FUND(AN OPEN-ENDED DEBT FUND)

18


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

FUND MANAGER

Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

EXIT LOAD

NIL

ICRA A1+/CRISIL A1+/CRISIL AAA/CARE AAA/BWR AAA/ BWR A1+(SO)/CRISIL AAA(SO)/ICRA AAA(SO)/ICRA A1+(SO) & Equivalent - 56.20% ICRA AA/CRISIL AA/CARE AA/ IND AA - 23.69% ICRA AA-/CARE AA-/IND AA-(SO)/BWR AA-(SO)/IND AA- - 11.84% BWR AA+ - 8.28%

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, 2017 0.0253 0.0235 10.0852 10.0500 0.0305 0.0282 10.0923 10.0500

Monthly Dividend

Nov 27, 2017 0.0338 0.0313 10.0968 10.0500 0.0396 0.0367 10.1049 10.0500

Oct 25, 2017 0.0338 0.0313 10.0968 10.0500 0.0396 0.0367 10.1049 10.0500


DIVIDENDS




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, 2017 0.3611 0.3345 11.3877 10.8877 0.3611 0.3345 11.6281 11.1281Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564Mar 28, 2016 0.3611 0.3345 11.2292 10.7292 0.3611 0.3345 11.3351 10.8351

Quarterly DividendSep 25, 2017 0.1805 0.1672 10.7452 10.4952 0.1805 0.1672 11.3169 11.0669Dec 26, 2017 0.1805 0.1672 10.6019 10.3519 0.1805 0.1672 11.2000 10.9500Jun 27, 2017 0.1805 0.1672 10.7832 10.5332 0.1805 0.1672 11.3275 11.0775Mar 27, 2017 0.1806 0.1673 10.7549 10.5049 0.1806 0.1673 11.2694 11.0194

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.* 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.

DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

1,172.19 Cr.


1,196.29 Cr.

BENCHMARK

Crisil Composite Bond Fund Index

AVERAGE MATURITY*


*


8.54%


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

FUND MANAGER

Corporate Bond - 75.73% PTC - 8.79% Zero Coupon Bond - 5.90% Total Money Market Instruments* - 5.45% Retail - 2.07% Reduced Face Value Bonds - Non Amortisation - 1.24% Government Bond - 0.48% State Government Bond - 0.34%

CRISIL A1+/BWR A1+(SO)/CRISIL AAA/CARE AAA/BWR AAA/CRISIL AAA(SO)/ICRA AAA/ICRA AAA(SO) & Equivalent - 41.62% ICRA AA/CRI-SIL AA/CARE AA/ CARE AA(SO)/IND AA - 31.66% CRISIL AA-/ICRA AA-/BWR AA-(SO)/CARE AA-/IND AA- - 8.82% CRISIL AA+/ ICRA AA+/IND AA+/IND AA+/BWR AA+ - 8.73% BWR A+(SO)/ CARE A+/ ICRA A+ - 4.75% ICRA A(SO)/ BWR A - 3.59% SOV - 0.82%

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

tern

al R

ate

Sens

itivi

ty

High

Med

Low


FUND STYLE


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

19

(AN OPEN-ENDED DEBT SCHEME)

AXIS REGULAR SAVINGS FUND

EXIT LOADIf redeemed / switched-out within 12 months from the date of allotmentFor 10% of investment : NilFor remaining investment : 1%If redeemed/switched out after 12 months from the date of allotment : Nil (w.e.f. 30th June 2016)

Note: Note: The scheme was reanamed earlier known as Axis Income Fund and was renamed w.e.f. April 10, 2017.

RATING % OF ASSETSTOTAL DEBT 83.70CORPORATE BOND 75.73Indiabulls Housing Finance Limited BWR AAA 4.56Dewan Housing Finance Corporation Limited BWR AAA 4.22Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 3.43Tata Power Company Limited IND AA 3.33Tube Investment of India Limited CRISIL AA 3.31Reliance Jio Infocomm Limited CRISIL AAA 3.22Adani Transmission Limited IND AA+ 2.86ICICI Bank Limited ICRA AA+ 2.53Bhopal Dhule Transmission Company Limited CRISIL AAA 2.49Power Finance Corporation Limited CRISIL AAA 2.28Vedanta Limited CRISIL AA 2.10JK Lakshmi Cement Limited CARE AA 2.09HDFC Limited CRISIL AAA 2.05Vodafone Mobile Services Limited CRISIL AA 2.02Bank of Baroda CARE AA 1.93Punjab National Bank BWR AA+ 1.92Union Bank of India IND AA 1.90Piramal Enterprises Limited ICRA AA 1.84Vijaya Bank ICRA AA- 1.72Nuvoco Vistas Corporation Limited CRISIL AA 1.68Rural Electrification Corporation Limited CRISIL AAA 1.59Birla Corporation Limited ICRA AA 1.52Magma Fincorp Limited ICRA AA- 1.49Syndicate Bank IND AA- 1.27Dalmia Cement (Bharat) Limited ICRA AA 1.26Edelweiss Commodities Services Limited ICRA AA 1.25Hinduja Leyland Finance Limited CARE AA- 1.18JM Financial Products Limited CRISIL AA 1.16Allahabad Bank BWR A 1.11Nirma Limited CRISIL AA 1.00Reliance Gas Transportation Infrastructure Limited CRISIL AAA 1.00PVR Limited CRISIL AA- 0.85Ujjivan Small Finance Bank Limited ICRA A+ 0.84India Infoline Finance Limited ICRA AA 0.84Allahabad Bank CARE A+ 0.84Mahindra Rural Housing Finance IND AA+ 0.83Gruh Finance Limited CRISIL AAA 0.83Tata Power Company Limited CRISIL AA- 0.81Hindalco Industries Limited CRISIL AA 0.62Hansdeep Industries & Trading Company Limited CARE AA(SO) 0.61Piramal Finance Limited ICRA AA 0.59Cyquator Media Services Private Limited# BWR A1+(SO) 0.59State Bank of India CRISIL AA+ 0.58ECL Finance Limited ICRA AA 0.42Equitas Small Finance Bank Limited CARE A+ 0.42Indiabulls Housing Finance Limited ICRA AAA 0.42Tata Power Company Limited ICRA AA- 0.25Muthoot Finance Limited CRISIL AA 0.08ZERO COUPON BOND 5.90Aditya Birla Fashion and Retail Limited CRISIL AA 1.46Amri Hospitals Limited## BWR A+(SO) 1.41Dewan Housing Finance Corporation Limited CARE AAA 1.14Adani Power Limited~ BWR AA-(SO) 0.73Sprit Textile Pvt Limited BWR AA-(SO) 0.52Edelweiss Commodities Services Limited CARE AA 0.47JM Financial Products Limited CRISIL AA 0.17REDUCED FACE VALUE BONDS - NON AMORTISATION 1.24

Subros Limited ICRA A+ 1.24GOVERNMENT BOND Sovereign 0.48STATE GOVERNMENT BOND Sovereign 0.34PASS THROUGH CERTIFICATE 8.79Sansar Trust ICRA AAA(SO) 3.73IIERT TRUST CRISIL AAA(SO) 2.58Solstice Trust ICRA A(SO) 2.48TOTAL MONEY MARKET INSTRUMENTS^ 1.65OTHERS 1.65Redington (India) Limited CRISIL A1+ 1.65RETAIL 2.07MFL Securitisation Trust CRISIL AAA(SO) 2.07NET CURRENT ASSETS 3.79NET ASSETS 100%^Commercial Paper/ ~ Secured by shares of Adani Ports & SEZ Ltd and Adani Transmis-sion Limited/# Secured by shares of Emami Ltd/ ## Secured by shares of Zee Entertainment Enterprises Ltd

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Regular Savings Fund - Growth

28-Mar-12

16,635 9.24% 9.06% 8.61% 7.49%Crisil Composite Bond Fund Index (Benchmark) 16,328 8.89% 8.79% 8.71% 4.69%Crisil 10 Year Gilt Index (Additional Benchmark) 15,222 7.57% 6.95% 7.26% -0.07%Axis Regular Savings Fund - Direct Plan - Growth

07-Jan-1315,995 9.89% - 9.54% 8.16%

Crisil Composite Bond Fund Index (Benchmark) 15,143 8.69% - 8.71% 4.69%Crisil 10 Year Gilt Index (Additional Benchmark) 13,832 6.73% - 7.26% -0.07%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. 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 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager.



PORTFOLIO

DATE OF ALLOTMENT


1,913.81 Cr.


1,910.38 Cr.

BENCHMARK


AVERAGE MATURITY*


*

2 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.49%



FUND MANAGER

Corporate Bond - 71.81% PTC - 8.45% Zero Coupon Bond - 6.67% State Government Bond - 5.62% Total Money Market Instruments* - 3.23% Government Bond - 2.32% Retail - 1.38% Reduced Face Value Bonds - Non Amortisation - 0.52%

ICRA AA/CRISIL AA/CARE AA/ ICRA AA(SO)/CARE AA(SO)/IND AA

- 37.34% BWR A1+(SO)/CRISIL AAA/CARE AAA/BWR AAA/ICRA AAA/

CRISIL AAA(SO)/ICRA AAA(SO) & Equivalent - 32.32%, CRISIL AA-/

ICRA AA-/IND AA-/ CARE AA-/BWR AA-(SO) - 9.84%, SOV - 7.94%

CRISIL AA+/CARE AA+/ICRA AA+/IND AA+/BWR AA+ - 6.07% BWR

A+(SO)/ ICRA A+ - 4.16% ICRA A(SO) - 2.33%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE


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 FIXED INCOME OPPORTUNITIES FUND(AN OPEN-ENDED DEBT SCHEME)

EXIT LOAD (w.e.f. 10th November 2017)

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

Monthly DividendDec 26, 2017 0.0160 0.0148 10.1024 10.0802 0.0243 0.0225 10.0586 10.0249Nov 27, 2017 0.0456 0.0422 10.1584 10.0953 0.0549 0.0509 10.1160 10.0399Oct 25, 2017 0.0399 0.0369 10.1882 10.1330 0.0395 0.0366 10.1321 10.0773

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.* 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.

20

RATING % OF ASSETSTOTAL DEBT 86.94CORPORATE BOND 71.81Dewan Housing Finance Corporation Limited

BWR AAA 5.29

Nirma Limited CRISIL AA 3.24Muthoot Finance Limited CRISIL AA 3.16Birla Corporation Limited ICRA AA 3.01Dalmia Cement (Bharat) Limited ICRA AA 2.89Piramal Enterprises Limited ICRA AA 2.77Nuvoco Vistas Corporation Limited CRISIL AA 2.63Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.61Power Finance Corporation Limited CRISIL AAA 2.52Indiabulls Housing Finance Limited BWR AAA 2.50Vedanta Limited CRISIL AA 2.36PVR Limited CRISIL AA- 2.34Hinduja Leyland Finance Limited CARE AA- 2.19Bank of Baroda CARE AA 2.10LIC Housing Finance Limited CRISIL AAA 2.00Cyquator Media Services Private Limited# BWR A1+(SO) 1.99JM Financial Products Limited CRISIL AA 1.94ECL Finance Limited ICRA AA 1.86Adani Transmission Limited IND AA+ 1.85JK Lakshmi Cement Limited CARE AA 1.84Ujjivan Small Finance Bank Limited ICRA A+ 1.58Tata Power Company Limited IND AA 1.56India Infoline Finance Limited ICRA AA 1.32Vodafone Mobile Services Limited CRISIL AA 1.31Piramal Finance Limited ICRA AA 1.31Indiabulls Housing Finance Limited ICRA AAA 1.30Hansdeep Industries & Trading Company Limited

CARE AA(SO) 1.24

UPL Limited BWR AA+ 1.06Union Bank of India IND AA 1.04Bhopal Dhule Transmission Company Limited

CRISIL AAA 1.04

Reliance Jio Infocomm Limited CRISIL AAA 1.00Syndicate Bank IND AA- 0.80ICICI Bank Limited ICRA AA+ 0.79HDFC Limited CRISIL AAA 0.79Punjab National Bank BWR AA+ 0.79State Bank of India CRISIL AA+ 0.77Magma Fincorp Limited ICRA AA- 0.62Tata Motors Limited CARE AA+ 0.55IndoStar Capital Finance Limited CARE AA- 0.53Edelweiss Commodities Services Limited ICRA AA 0.52Power Grid Corporation of India Limited CRISIL AAA 0.32Mahindra Rural Housing Finance IND AA+ 0.26National Bank For Agriculture and Rural Development

CRISIL AAA 0.08

Indiabulls Housing Finance Limited CARE AAA 0.05IDFC Bank Limited ICRA AAA 0.05Tata Sons Ltd CRISIL AAA 0.03ZERO COUPON BOND 6.67Adani Power Limited~ BWR AA-(SO) 2.39Amri Hospitals Limited^ BWR A+(SO) 2.06Sprit Textile Pvt Limited BWR AA-(SO) 0.97Aditya Birla Fashion and Retail Limited CRISIL AA 0.61SVL Limited## ICRA AA(SO) 0.48Edelweiss Commodities Services Limited CARE AA 0.15STATE GOVERNMENT BOND Sovereign 5.62GOVERNMENT BOND Sovereign 2.32REDUCED FACE VALUE BONDS - NON AMORTISATION 0.52

Subros Limited ICRA A+ 0.52PASS THROUGH CERTIFICATE 8.45Sansar Trust ICRA AAA(SO) 3.49IIERT Trust CRISIL AAA(SO) 2.62Solstice Trust ICRA A(SO) 2.33RETAIL 1.38MFL Securitisation Trust CRISIL AAA(SO) 1.38NET CURRENT ASSETS 3.23NET ASSETS 100%^Commercial Paper/ # Secured by shares of Zee Entertainment Enterprises Ltd/ ## Backed by corporate guarantee of Shriram Transport Finance CompanyLimited/ ~ Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited/ ^ Secured by shares of Emami Ltd

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Fixed Income Opportunities Fund - Growth

15-Jul-14

13,431 8.90% - 8.31% 6.43%CRISIL Short-Term Bond Fund Index (Benchmark) 13,267 8.51% - 8.17% 6.03%

CRISIL 1 Year T-Bill (Additional Benchmark) 12,772 7.33% - 7.11% 5.83%Axis Fixed Income Opportunities Fund - Direct Plan - Growth

15-Jul-14

13,960 10.12% - 9.60% 7.88%CRISIL Short-Term Bond Fund Index (Benchmark) 13,267 8.51% - 8.17% 6.03%

CRISIL 1 Year T-Bill (Additional Benchmark) 12,772 7.33% - 7.11% 5.83%Past 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 years & 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 43 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager.

DIVIDENDS



EXIT LOAD

PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 97.35

GOVERNMENT BOND 97.35

8.28% GOI Sovereign 29.38










NET ASSETS 100%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

45.22 Cr.


44.59 Cr.

BENCHMARK

Crisil 10 Year Gilt Index

AVERAGE MATURITY*



7.46%


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

FUND MANAGER

Government Bond - 97.35%, Total Money Market Instruments* - 2.65%

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

Inte

rnal

Rat

e Se

nsiti

vity High

Med

Low


FUND STYLE


INVESTMENT OBJECTIVE: To generate returns similar to that of 10 year government bonds.

AXIS CONSTANT MATURITY 10 YEAR FUND(AN OPEN-ENDED GILT SCHEME)

NIL


DIVIDENDS


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, 2017 0.3611 0.3345 11.8824 11.3824 - - - -Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Sep 26, 2016 0.1806 0.1673 11.9880 11.7380 - - - -Dec 26, 2017 0.0009 0.0008 10.0022 10.0009 0.0043 0.0040 10.0100 10.0040Nov 27, 2017 0.0306 0.0283 10.1010 10.0586 0.0345 0.0319 10.1099 10.0622

Regular Dividend Oct 25, 2017 0.0361 0.0334 10.2084 10.1583 0.0404 0.0375 10.2185 10.1625Please 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. * 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.

21

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Constant Maturity 10 Year Fund - Growth

23-Jan-12

14,918 6.97% 6.99% 7.05% 1.43%Crisil 10 Year Gilt Index (Benchmark) 15,017 7.09% 6.95% 7.26% -0.07%Axis Constant Maturity 10 Year Fund - Direct Plan - Growth 14,325 7.46% - 7.60% 1.95%

Crisil 10 Year Gilt Index (Benchmark) 01-Jan-13 13,935 6.87% - 7.26% -0.07%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. 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 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager.



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 50.85



Tata Sons Ltd CRISIL AAA 4.57


BWR AAA 4.03



Hindustan Petroleum Corporation Limited CRISIL AAA 3.22

National Housing Bank CRISIL AAA 3.22


NABARD IND AAA 3.20


NHPC Limited ICRA AAA 2.54

Power Grid Corporation of India Limited CRISIL AAA 1.31

IndoStar Capital Finance Limited CARE AA- 1.30

Citicorp Finance India Limited ICRA AAA 1.28


Bank of Baroda CARE AA 0.64







BANKS 26.67


RBL Bank Limited ICRA A1+ 9.53

The South Indian Bank Limited CARE A1+ 3.18

IDFC Bank Limited CRISIL A1+ 1.27

OTHERS 19.08

Export Import Bank of India CRISIL A1+ 8.86

Power Finance Corporation Limited CRISIL A1+ 6.41

NABARD CRISIL A1+ 3.20



NET ASSETS 100%

^Certificate of Deposit/Commercial Paper

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

828.39 Cr.


778.52 Cr.

BENCHMARK


AVERAGE MATURITY*

250 DaysMODIFIED DURATION*

214 DaysPORTFOLIO YIELD (YIELD TO MATURITY&)

6.98%



FUND MANAGER

Total Money Market Instruments* - 49.15% Corporate Bond - 46.70% Zero Coupon Bond - 2.92% Government Bond - 1.24%

ICRA A1+/CRISIL A1+/CARE A1+/ CRISIL AAA/CARE AAA/ICRA AAA/BWR AAA/IND AAA & Equivalent - 92.98% ICRA AA/CRISIL AA/CARE AA - 3.85% CARE AA- - 1.30% SOV - 1.24% IND AA+ - 0.64%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA] AAAmfs$


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)

NIL (w.e.f. 14th July 2014)

EXIT LOAD


22

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Banking & PSU Debt Fund - Growth

08-Jun-12

15,743 8.50% 8.41% 8.02% 7.18%Crisil Short Term Bond Fund Index (Benchmark) 15,903 8.70% 8.64% 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,719 7.20% 7.15% 7.11% 5.83%Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-13

15,088 8.58% - 8.21% 7.37%Crisil Short Term Bond Fund Index (Benchmark) 15,127 8.64% - 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,114 7.14% - 7.11% 5.83%Past 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. The scheme is in existence for less than 5 years, hence performance for 5 years period is not provided. 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 3 schemes at Axis Mutual Fund. Please refer to annexure on Page 32-33 for performance of all schemes managed by the fund manager.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendDec 26, 2017 2.6102 2.4183 1011.0750 1007.4611 2.7414 2.5397 1,011.2576 1007.4622Nov 27, 2017 3.5502 3.2892 1,012.3766 1,007.4611 3.6668 3.3978 1,012.5400 1,007.4622Oct 25, 2017 4.1620 3.8560 1,013.2236 1,007.4611 4.2678 3.9545 1,013.3719 1,007.4622


DIVIDENDS


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.

•

•

Equity markets ended the year with a stable 1% positive tick for the month on the benchmark indices S&P BSE Sensex & NIFTY 50. With this the S&P BSE SENSEX & NIFTY 50 returned 27.9% & 28.6% respectively for CY 17 on the back of a tepid 2016. NIFTY Midcap 100 Index returned 47.3% of the calendar year. Mid-cap indices outperformed the large caps for the fourth year running.FII`s were net sellers in December with a net outflow of US$1 billion. Domestic investors continued to remain bullish on the equity markets offsetting the foreign outflows. Overall, 2017 was one of the best years for mutual funds in recent years as the industry saw significant traction and mind recall amidst buoyant equity markets. The primary markets continued to remain active with large issues from leading financial institutions and supply from government`s divestment program. Fund raising from IPO`s & QIP`s in 2017 exceeded Rs. 110,000 Crores.GST numbers continued to remain lackluster. Total GST collections for the month of November stood at Rs. 80,808 Cr. The government continued the GST rationalization as part of its ongoing review of taxes on various products. Rates for 175 products were rationalized during the month. A notable point to note was that the government started releasing GST refunds to exporters giving a much needed relief to the sector.The government disclosed an additional market borrowing of Rs. 50,000 cr. via dated government securities and 23,000 Cr of T-Bill borrowing. The requirement could be attributed to the lower than expected GST numbers, lower dividend from the Reserve Bank of India and the government`s unwillingness to reduce spending on key projects. Consumer prices in India rose to a 15-month high in November due to the ongoing seasonal surge in vegetable prices and an unfavorable base effect from last year, breaching the RBI`s medium term target for inflation. Headline consumer price index (CPI) for the month of November moved up to 4.88% vis-à-vis previous month’s reading of 3.58%. Brent crude prices increased 9.1 percent month-on-month during November further adding to inflation pressures. We expect CPI Inflation to remain broadly within the 4% +/-2% target zone of RBI and full year GDP growth to be in the range of 6.5 – 7% for FY18. Structural liquidity (Government Cash Balances + LAF Balances & MSS) in the system continue to remain high at roughly 2.5 lakh crore as per latest estimates. Given that the government will roll over balances into new financial year, and accounting for seasonal trends in currency circulation, we expect liquidity to remain in neutral to surplus zone for next 6-12 months.On account of the above mentioned factors, 1-3-year segment of the curve has seen some sell off and volatility. While corporate bonds might continue to see some volatility in March quarter as we enter the period of credit growth, supply & busy season but we believe them to be well bid and attractive till banking liquidity remains surplus over the next 6-12 months. We continue to believe that the economy has the advantage of a solid macro foundation, which combined with structural reforms is likely to push growth higher in the medium term. However, transition times are always tricky to estimate, and thus it’s easier to have conviction on the 2-3-year scenario than a 2-3 quarter one. The government`s focus on eliminating structural bottlenecks despite the tight fiscal balance is credible. 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.We would like to re-iterate our view, that we are at the fag-end of the RBI rate cut cycle. We believe that inflation has bottomed out and with the expected pick-up in growth we don’t expect to see significant monetary easing by RBI going forward. We continue to advise investors to stay invested in short to medium term strategy and to start actively looking at credit funds.

Quick Take - Fixed Income

• Bonds continue to remain under pressure as 10-year benchmark yield goes over 7.30%.

RBI may choose to hold rates for the rest of the financial year given the anticipated pressures on the fiscal deficit and spiking inflation.

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

•

•

7.33%

10 yr G-Sec : Last 1 year6.52%

28.6%

Key highlights

HYBRIDOUTLOOK

JANUARY 2017

23


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 32.53TOTAL FIXED DEPOSIT 4.67CORPORATE BOND 21.03Bank of Baroda CARE AA 2.08Cholamandalam Investment and Finance Company Limited

ICRA AA 1.23

ICICI Bank Limited ICRA AA+ 2.62JM Financial Products Limited CRISIL AA 0.87NABARD CRISIL AAA 0.85Power Grid Corporation of India Limited CRISIL AAA 0.91Punjab National Bank FITCH AA+ 3.46Reliance Industries Limited CRISIL AAA 3.39State Bank of India CRISIL AA+ 4.77Union Bank of India FITCH AA 0.86GOVERNMENT BOND Sovereign 6.82TOTAL EQUITY 64.89TOTAL UNHEDGED EQUITY 43.19AUTO 4.39Maruti Suzuki India Limited 4.39AUTO ANCILLARIES 1.66Motherson Sumi Systems Limited 1.66BANKS 8.87HDFC Bank Limited 4.54ICICI Bank Limited 0.58IndusInd Bank Limited 0.76Kotak Mahindra Bank Limited 1.99State Bank of India 1.01CEMENT 1.79JK Lakshmi Cement Limited 0.47Shree Cements Limited 1.32CHEMICALS 0.48Pidilite Industries Limited 0.48CONSTRUCTION PROJECT 1.63Voltas Limited 1.63CONSUMER NON DURABLES 4.06Britannia Industries Limited 2.65Hindustan Unilever Limited 1.41FINANCE 8.42Bajaj Finance Limited 2.34

Cholamandalam Investment and Finance Company Limited 1.16

HDFC Limited 2.74Sundaram Finance Limited 2.18GAS 0.91GAIL (India) Limited 0.91INDUSTRIAL CAPITAL GOODS 0.94Bharat Electronics Limited 0.94INDUSTRIAL PRODUCTS 0.95Cummins India Limited 0.95PETROLEUM PRODUCTS 0.89Reliance Industries Limited 0.89PHARMACEUTICALS 1.19Divi's Laboratories Limited 0.63Sun Pharmaceutical Industries Limited 0.56SOFTWARE 2.88MindTree Limited 1.17Tech Mahindra Limited 1.71TELECOM - EQUIPMENT & ACCESSORIES 0.53Astra Microwave Products Limited 0.53TEXTILE PRODUCTS 1.55Page Industries Limited 1.55TRANSPORTATION 2.04Container Corporation of India Limited 1.07Gujarat Pipavav Port Limited 0.63InterGlobe Aviation Limited 0.34TOTAL HEDGED EQUITY 21.70Suzlon Energy Limited 0.08Infibeam Incorporation Limited 7.08Glenmark Pharmaceuticals Limited 0.04The Federal Bank Limited 0.41Capital First Limited 0.05Tata Motors Limited 0.17The India Cements Limited 0.09Strides Shasun Limited 0.13IRB Infrastructure Developers Limited 0.24Torrent Power Limited 0.51Reliance Industries Limited 0.08Bank of Baroda 0.02Tata Chemicals Limited 0.25Jain Irrigation Systems Limited 0.12Godfrey Phillips India Limited 0.03Escorts Limited 0.09Tata Global Beverages Limited 0.25LIC Housing Finance Limited 0.91Jaiprakash Associates Limited 1.56Century Textiles & Industries Limited 4.02Allahabad Bank 0.09Fortis Healthcare Limited 0.06Dewan Housing Finance Corporation Limited 5.10Bharat Financial Inclusion Limited 0.19NHPC Limited 0.15DEBT, CASH & OTHER RECEIVABLES 2.58NET ASSET 100%^ PTC and Derivatives

DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

577.84 Cr.


577.91 Cr.

BENCHMARK

Crisil MIP Blended Fund

Index

Mr. Anupam TiwariWork experience: 10 years.

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



FUND MANAGER

Unhedged Equity - 43.19% Debt, Cash and Other Receivables - 35.11% Hedged Equity - 21.70%

CRISIL AA+/ ICRA AA+/ FITCH AA+ - 10.85%, CRISIL AAA & Equivalent - 7.73% SOV - 6.82% ICRA AA/CRISIL AA/CARE AA/FITCH AA - 5.03%


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 EQUITY SCHEME)

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

EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Dec 26, 2017 0.0625 0.0625 10.8425 10.7800 0.0625 0.0625 11.1325 11.0700

Monthly DividendNov 27, 2017 0.0625 0.0625 10.8225 10.7600 0.0625 0.0625 11.0925 11.0300Oct 25, 2017 0.0625 0.0625 10.7525 10.6900 0.0625 0.0625 11.0025 10.9400Dec 26, 2017 0.1875 0.1875 10.9975 10.8100 0.1875 0.1875 11.2975 11.1100

Quarterly Dividend Sep 25, 2017 0.1875 0.1875 10.8675 10.6800 0.1875 0.1875 11.1275 10.9400Jun 27, 2017 0.1875 0.1875 10.7675 10.5800 0.1875 0.1875 10.9975 10.8100

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. @ 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.

24

AVERAGE MATURITY@*


@*


8.32%PORTFOLIO TURNOVER# (1 YEAR)

6.54 times

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Equity Saver Fund - Growth14-Aug-15

11,800 7.21% - - 14.67%CRISIL MIP Blended Index (Benchmark) 12,246 8.89% - - 8.04%Nifty 50 (Additional Benchmark) 12,362 9.33% - - 28.65%Axis Equity Saver Fund - Direct Plan - Growth

14-Aug-1512,150 8.53% - - 16.05%

CRISIL MIP Blended Index (Benchmark) 12,246 8.89% - - 8.04%Nifty 50 (Additional Benchmark) 12,362 9.33% - - 28.65%Past 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 years & 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 6th October 2016 and he manages 5 schemes & R. Sivakumar is managing the scheme since inception and he manages 6 schemes. Please refer to annexure on Page 32 & 33 for performance of all schemes managed by the fund managers.

DIVIDENDS



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 31.82TOTAL FIXED DEPOSIT 3.27CORPORATE BOND 19.28NABARD IND AAA 4.18Rural Electrification Corporation Limited CRISIL AAA 3.20Power Finance Corporation Limited CRISIL AAA 2.66Reliance Jio Infocomm Limited CRISIL AAA 1.60Tata Power Company Limited IND AA 1.18Edelweiss Commodities Services Limited CRISIL AA 0.99Shriram Transport Finance Company Limited CRISIL AA+ 0.81Vedanta Limited CRISIL AA 0.80NHPC Limited ICRA AAA 0.78UltraTech Cement Limited CRISIL AAA 0.73LIC Housing Finance Limited CRISIL AAA 0.61HDFC Limited CRISIL AAA 0.17ICICI Bank Limited ICRA AA+ 0.40Indiabulls Housing Finance Limited BWR AAA 0.40Larsen & Toubro Limited CRISIL AAA 0.36Mahindra & Mahindra Financial Services Limited IND AAA 0.20Tata Sons Ltd CRISIL AAA 0.20STATE GOVERNMENT BOND Sovereign 5.14ZERO COUPON BOND 2.74TMF Holdings Limited CRISIL AA 1.64SVL Limited## ICRA AA(SO) 0.79


ICRA AA 0.31

OTHERS 1.38Indiabulls Housing Finance Limited CRISIL A1+ 0.99India Infoline Finance Limited CRISIL A1+ 0.40TOTAL EQUITY 66.48TOTAL UNHEDGED EQUITY 48.80AUTO 3.79Maruti Suzuki India Limited 3.79AUTO ANCILLARIES 4.32Balkrishna Industries Limited 0.59CEAT Limited 0.37Endurance Technologies Limited 1.19Motherson Sumi Systems Limited 0.47MRF Limited 0.83WABCO India Limited 0.88BANKS 8.72City Union Bank Limited 0.82HDFC Bank Limited 4.34Kotak Mahindra Bank Limited 1.01State Bank of India 1.52The Federal Bank Limited 1.03CEMENT 3.89Ambuja Cements Limited 0.97Shree Cements Limited 2.92CONSUMER NON DURABLES 5.01Asian Paints Limited 0.41Britannia Industries Limited 2.80Hindustan Unilever Limited 1.40Nestle India Limited 0.41FINANCE 11.39Bajaj Finance Limited 2.67


0.93

HDFC Standard Life Insurance Company Limited 1.15

HDFC Limited 3.15


Mas Financial Services Limited 0.42Sundaram Finance Limited 1.87GAS 1.32GAIL (India) Limited 0.69Petronet LNG Limited 0.63INDUSTRIAL CAPITAL GOODS 1.87Bharat Electronics Limited 1.05V-Guard Industries Limited 0.83INDUSTRIAL PRODUCTS 0.93Cummins India Limited 0.93PETROLEUM PRODUCTS 1.35Reliance Industries Limited 1.35PHARMACEUTICALS 2.06Cadila Healthcare Limited 1.17Sun Pharmaceutical Industries Limited 0.89SOFTWARE 2.10Infosys Limited 0.79Tech Mahindra Limited 1.31TEXTILE PRODUCTS 1.63Page Industries Limited 1.63TRANSPORTATION 0.41InterGlobe Aviation Limited 0.41TOTAL HEDGED EQUITY 17.68NET CURRENT ASSETS 1.70NET ASSETS 100%## Backed by corporate guarantee of Shriram Transport Finance CompanyLIMITED

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 EQUITY SCHEME)

EXIT LOAD

25

Total Unhedged Equity - 48.80% Debt, Cash and Other Receivables - 33.52% Total Hedged Equity - 17.68%

CRISIL A1+/CRISIL AAA/ ICRA AAA/BWR AAA/FITCH AAA/ICRA AA(SO)/IND AAA & Equivalent - 18.98% SOV - 5.14% ICRA AA/CRISIL AA/IND AA - 4.92% CRISIL AA+/ ICRA AA+ - 1.21%



DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,489.90 Cr.


2,507.29 Cr.

BENCHMARK

Crisil Balanced Fund Index

AVERAGE MATURITY*



7.68%

Mr. Anupam TiwariWork experience: 10 years.


Mr. Ashwin PatniWork experience: 13 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 18 years.





PORTFOLIO

RATING % OF ASSETSTOTAL DEBT 68.07


Housing Development Finance Corporation Limited CRISIL AAA 9.87





Dewan Housing Finance Corporation Limited BWR AAA 4.43


National Highways Auth Of Ind CRISIL AAA 3.24

Indiabulls Housing Finance Limited ICRA AAA 2.40

NABARD CRISIL AAA 2.23Cholamandalam Investment and Finance Company Limited

ICRA AA 2.20

NABARD IND AAA 2.19



Blue Dart Express Limited ICRA AA 0.01


SVL Limited## ICRA AA(SO) 7.25

Shriram Transport Finance Company Limited IND AA+ 0.06


Solstice Trust ICRA A(SO) 0.89

TOTAL EQUITY 27.73

BANKS 5.38




FINANCE 4.23

Housing Development Finance Corporation Limited 1.59


Multi Commodity Exchange of India Limited 0.87




Amara Raja Batteries Limited 0.87


CEMENT 2.47


JK Lakshmi Cement Limited 0.70


AUTO 1.97


Eicher Motors Limited 0.65

TRANSPORTATION 1.85

Blue Dart Express Limited 1.03

Container Corporation of India Limited 0.82

PESTICIDES 1.69

PI Industries Limited 0.90

UPL Limited 0.79

TEXTILE PRODUCTS 1.04


CONSTRUCTION PROJECT 0.89

Larsen & Toubro Limited 0.89

SOFTWARE 0.87


RETAILING 0.84




CHEMICALS 0.70


PHARMACEUTICALS 0.56


FINANCE 0.41

HDFC Limited 0.41

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.41


NET ASSETS 100%## Backed by corporate guarantee of Shriram Transport Finance Company Limited

DATE OF ALLOTMENT


462.81 Cr.


455.91 Cr.

BENCHMARK

Crisil MIP Blended Fund Index

AVERAGE MATURITY@*


@*


7.82%

Mr. Ashish NaikWork experience: 10 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt - 72.27%, Equity - 27.73%

CRISIL AAA/CARE AAA/ICRA AAA/BWR AAA/IND AAA & Equivalent - 60.76% ICRA AA/ICRA AA(SO) - 9.47% IND AA+/BWR AA+- 1.15% ICRA A(SO) - 0.89%



He has been managing this fund since 07th June 2016


INVESTMENT OBJECTIVE: To generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation.

AXIS INCOME SAVER(AN OPEN-ENDED INCOME FUND)

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 (w.e.f. 15th June 2015)

EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

Mar 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 12.0849Mar 25, 2014 0.3117 0.2985 10.9526 10.5526 - - - -

Half Yearly Dividend Sep 25, 2017 0.3611 0.3345 11.6889 11.1889 0.3611 0.3345 12.2724 11.7724Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Sep 26, 2016 0.3611 0.3346 11.9394 11.4394 0.3611 0.3346 12.3576 11.8576

Quarterly Dividend

Sep 28, 2015 0.3611 0.3345 12.0570 11.5570 0.3611 0.3345 12.3170 11.8170Dec 26, 2017 0.1805 0.1672 11.1587 10.9087 0.0722 0.0669 13.8215 13.7215Sep 25, 2017 0.1805 0.1672 11.1274 10.8774 0.0722 0.0669 13.5341 13.4341Jun 27, 2017 0.1805 0.1672 11.0936 10.8436 0.0722 0.0669 13.2524 13.1524

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. * 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.

DIVIDENDS

26

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Income Saver - Growth

16-Jul-10

18,496 8.59% 9.65% 7.48% 12.10%Crisil MIP Blended Fund Index (Benchmark) 18,546 8.63% 9.45% 8.78% 8.04%CRISIL 10 year Gilt Index (Additional Benchmark) 16,048 6.55% 6.95% 7.26% -0.07%

Axis Income Saver - Direct Plan - Growth

04-Jan-13

16,818 10.99% - 9.00% 13.58%Crisil MIP Blended Fund Index (Benchmark) 15,591 9.31% - 8.78% 8.04%CRISIL 10 year Gilt Index (Additional Benchmark) 13,868 6.78% - 7.26% -0.07%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. 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 7th June 2016 and he manages 43 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 4 schemes. Please refer to annexure on Page 32 & 33 for performance of 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.



PORTFOLIO

RATING % OF ASSETSTOTAL DEBT 31.74TOTAL FIXED DEPOSIT 1.51CORPORATE BOND 19.13Power Finance Corporation Limited CRISIL AAA 5.71ICICI Bank Limited ICRA AA+ 2.77Union Bank of India IND AA 2.72Reliance Industries Limited CRISIL AAA 2.69HDFC Limited CRISIL AAA 2.21Syndicate Bank IND AA- 1.39JM Financial Products Limited CRISIL AA 1.10Cholamandalam Investment and Finance Company Limited ICRA AA 0.55

GOVERNMENT BOND SOVEREIGN 8.21ZERO COUPON BOND 2.89Sprit Textile Pvt Limited BWR AA-(SO) 1.70TMF Holdings Limited CRISIL AA 1.19TOTAL EQUITY 66.61TOTAL UNHEDGED EQUITY 59.73AUTO 3.08Ashok Leyland Limited 0.59Maruti Suzuki India Limited 2.49AUTO ANCILLARIES 3.98Endurance Technologies Limited 1.70Motherson Sumi Systems Limited 2.28BANKS 11.23City Union Bank Limited 1.15HDFC Bank Limited 4.67ICICI Bank Limited 2.41Kotak Mahindra Bank Limited 3.01CEMENT 3.03Ambuja Cements Limited 1.05Shree Cements Limited 1.98CHEMICALS 3.85Camlin Fine Sciences Limited 1.63Pidilite Industries Limited 1.70Sudarshan Chemical Industries Limited 0.52CONSTRUCTION PROJECT 2.88Larsen & Toubro Limited 2.21Voltas Limited 0.67CONSUMER NON DURABLES 0.61Godrej Agrovet Limited 0.61FINANCE 14.00Bajaj Finance Limited 0.90Bajaj Finserv Limited 2.55Cholamandalam Investment and Finance Company Limited

0.71

HDFC Standard Life Insurance Company Limited 0.98HDFC Limited 3.74Mahindra & Mahindra Financial Services Limited 2.12SBI Life Insurance Company Limited 1.53Sundaram Finance Limited 1.48GAS 0.98Indraprastha Gas Limited 0.98INDUSTRIAL CAPITAL GOODS 1.33V-Guard Industries Limited 1.33INDUSTRIAL PRODUCTS 2.65Astral Poly Technik Limited 1.25Cummins India Limited 1.40PESTICIDES 1.83PI Industries Limited 0.91UPL Limited 0.92PHARMACEUTICALS 4.50Cadila Healthcare Limited 0.91Divi's Laboratories Limited 1.24Sun Pharma Advanced Research Company Limited 1.04Sun Pharmaceutical Industries Limited 1.31RETAILING 1.73Avenue Supermarts Limited 1.73SOFTWARE 1.26Info Edge (India) Limited 1.26TEXTILE PRODUCTS 1.79Page Industries Limited 1.79TRANSPORTATION 1.01Blue Dart Express Limited 1.01TOTAL HEDGED EQUITY 6.87Cadila Healthcare Limited 1.54UPL Limited 0.50ICICI Prudential Life Insurance Company Limited 0.55Century Textiles & Industries Limited 0.80DLF Limited 0.36Dewan Housing Finance Corporation Limited 0.22Ashok Leyland Limited 0.18Tata Communications Limited 0.28Reliance Capital Limited 0.45Tata Global Beverages Limited 1.99NET CURRENT ASSETS 1.66NET ASSETS 100%

DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

357.35 Cr.


364.62 Cr.

BENCHMARK

50% Nifty 50 + 50% Crisil

Composite Bond Fund Index

AVERAGE MATURITY@*


@*


8.12%


He has been managing this fund since 6th July 2016


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

FUND MANAGER

Unhedged Equity - 59.73% Debt, Cash and Other Receivables - 33.39% Hedged Equity - 6.87%

CRISIL AAA & Equivalent - 12.27% SOV - 8.21% ICRA AA/ CRISIL AA/ IND AA - 5.55% BWR AA-(SO)/ IND AA- - 3.09% ICRA AA+ - 2.77%


AXIS CHILDREN’S GIFT FUND(AN OPEN-ENDED BALANCED SCHEME)

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.

EXIT LOAD

3% is payable if Units are redeemed / switched out upto 1 year from the date of allotment,2% is payable if Units are redeemed / switched - out after 1 year and upto 2 years from the date of allotment, 1% is payable if are redeemed / switched-out after 2 years and upto 3 years from the date of allotment, NIL if Units are redeemed / switched-out after 3 years from the date of allotment

EXIT LOAD


27

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

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

08-Dec-15

12,674 12.19% - - 22.46%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%

Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

08-Dec-15

13,107 14.03% - - 24.49%50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%

Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth

08-Dec-15


Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth

08-Dec-15


Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Since inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 2015. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Ashish Naik manages 4 schemes & R. Sivakumar manages 6 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers.@ 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.



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 32.01

CORPORATE BOND 25.03Reliance Gas Transportation Infrastructure Limited

CRISIL AAA 8.19


Tata Power Company Limited CRISIL AA- 4.16

Hindalco Industries Limited CRISIL AA 3.57


India Infrastructure Fin Co Ltd CRISIL AAA 0.93


TOTAL EQUITY 37.88

BANKS 7.70




FINANCE 5.29

HDFC Limited 2.34


Gruh Finance Limited 1.06Cholamandalam Investment and Finance Company Limited

0.76




WABCO India Limited 0.93

Amara Raja Batteries Limited 0.82

AUTO 2.67


Eicher Motors Limited 0.83

CONSTRUCTION PROJECT 2.13

Larsen & Toubro Limited 1.55

Voltas Limited 0.58

CEMENT 2.00



PHARMACEUTICALS 1.88Sun Pharma Advanced Research Company Limited

1.05


TRANSPORTATION 1.86

Container Corporation of India Limited 1.00

Blue Dart Express Limited 0.85

PESTICIDES 1.85

PI Industries Limited 1.12

UPL Limited 0.73

SOFTWARE 1.69



CHEMICALS 1.19

Camlin Fine Sciences Limited 1.19

CONSUMER DURABLES 1.12

Blue Star Limited 1.12

RETAILING 1.10




POWER 0.58

Torrent Power Limited 0.58

FINANCE 0.40Housing Development Finance Corporation Limited

0.40

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.09

EXCHANGE TRADED FUNDS 26.58

Axis Gold ETF 26.58

Net Current Assets 3.53

Net Assets 100%

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

309.24 Cr.


309.24 Cr.

BENCHMARK35% of Nifty 50 + 35% of Crisil

Composite Bond Fund Index + 30% Of

INR Price of Gold

AVERAGE MATURITY@*


@*


8.01%

Mr. R. Sivakumar Work experience: 18 years.

He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER

Equity - 37.88% Debt* - 35.54% ETFs - 26.58%

CRISIL AAA & Equivalent -20.83 % SOV - 6.98% CRISIL AA- - 4.16% CRISIL AA - 3.57%



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 HYBRID FUND)

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 (w.e.f. 15th June 2015)

EXIT LOAD


DIVIDENDS

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. * 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.

28

Date ofInception




5 YearsCAGR (%)

3 YearsCAGR (%)

1 YearCAGR (%)

Axis Triple Advantage Fund - Growth

23-Aug-10

18,300 8.56% 7.74% 7.31% 15.91%35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark)

17,980 8.30% 7.21% 7.29% 12.96%

Crisil 10 Year Gilt Index (Additional Benchmark) 16,317 6.88% 6.95% 7.26% -0.07%Axis Triple Advantage Fund - Direct Plan Growth

01-Jan-13

15,220 8.77% - 8.46% 17.62%35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark)

14,114 7.14% - 7.29% 12.96%

Crisil 10 Year Gilt Index (Additional Benchmark) 13,935 6.87% - 7.26% -0.07%

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. 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.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 6 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 4 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.


Axis Equity Fund - Growth Option

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

Total Amount Invested 9,50,000 6,00,000 3,60,000 1,20,000Market value as on December 29, 2017 17,25,085 8,89,522 4,54,460 1,38,315Returns (Annualised) 14.70% 15.78% 15.78% 29.84%Benchmark Returns (Annualised) 11.57% 13.02% 13.66% 21.72%Additional Benchmark Returns (Annualised) 11.00% 12.21% 13.01% 22.13%

SIP PERFORMANCE OF SELECT SCHEMES (as on 29th December 2017)

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



^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



^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



^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 1 Year SIP

Total Amount Invested 2,80,000 1,20,000Market value as on December 29, 2017 3,13,239 1,27,197Returns (Annualised) 9.61% 11.44%Benchmark Returns (Annualised) 8.73% 5.99%Additional Benchmark Returns (Annualised) 17.61% 21.72%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended 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.

Axis Triple Advantage Fund - Growth Option


Total Amount Invested 8,80,000 6,00,000 3,60,000 1,20,000Market value as on December 29, 2017 12,20,303 7,50,827 4,11,253 1,27,837Returns (Annualised) 8.76% 8.92% 8.87% 12.48%Benchmark Returns (Annualised) 8.13% 8.45% 8.59% 9.47%Additional Benchmark Returns (Annualised) 7.11% 7.04% 5.48% -2.53%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: 35% Nifty 50+ 35% CRISIL Composite Bond Fund Index + 30% INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Income Saver - Growth Option


Total Amount Invested 8,90,000 6,10,000 3,60,000 1,20,000Market value as on December 29, 2017 12,65,746 7,69,333 4,06,899 1,26,705Returns (Annualised) 9.33% 9.36% 8.15% 10.65%Benchmark Returns (Annualised) 9.37% 9.56% 8.68% 5.99%Additional Benchmark Returns (Annualised) 7.10% 7.01% 5.47% -2.53%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended Index. Additional Benchmak: CRISIL 10 year Gilt Index Inception Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return)

29

NAV (as on 29th December 2017)

Fund Name


Growth Dividend Weekly Dividend

Monthly Dividend

Quartely Dividend

Half Yearly

Dividend

Annual Dividend

Bonus Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Bonus Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Quartely Dividend

Half Yearly

Dividend

Annual Dividend

Bonus

Axis Equity Fund 25.37 16.94 - - - - - - - - - 26.83 17.97 - - - - - -

Axis Focused 25 Fund

26.65 20.70 - - - - - - - - - 28.30 27.95 - - - - - -

Axis Long Term Equity Fund

41.78 24.44 - - - - - - - - - 44.30 37.74 - - - - - -

Axis Midcap Fund 34.46 24.41 - - - - - - - - - 36.59 29.01 - - - - - -

Axis Multicap Fund 10.16 10.16 - - - - - - - - - 10.18 10.18 - - - - - -

Axis Equity Saver Fund

11.80 11.46 - 10.78 10.81 - - - - - - - - 12.15 11.29 - 11.07 11.11 - - -

Axis Triple Advantage Fund

18.3004 14.9260 - - - - - - - - - 19.3108 16.6259 - - - - - -

Axis Income Saver 18.4956 - - - 10.9268 11.4973 12.4960 - - - - - - 19.7978 - - - 13.7451 12.1321 13.1240 -

Axis Constant Matu-rity 10 Year Fund

14.9177 9.9650 - - - 11.1985 - - - - - - - 15.3076 9.9685 - - - - - -

Axis Dynamic Bond Fund

17.4060 - - - 10.1160 10.5757 - - - - - - - 18.4325 - - - 10.8312 11.2456 - -

Axis Corporate Debt Opportunities Fund

10.2938 10.0727 10.0534 10.0535 - - - - - - - - - 10.3364 10.0793 10.0542 10.0542 - - - -

Axis Regular Savings Fund

16.6354 - - - 10.3561 11.0029 - - - - - - - 17.3693 - - - 10.9549 11.2670 - -

Axis Fixed Income Opportunities Fund

13.4306 - 10.1533 10.0799 - - - - - - - - - 13.9604 - 10.2407 10.0257 - - - -

Axis Short Term Fund 18.5485 12.4086 10.2349 10.1416 - - - 18.6547 18.3393 - 10.1434 10.0068 - 19.2966 11.7557 10.2383 10.0089 - - - -

Axis Banking & PSU Debt Fund

1574.3460 1008.0388 1007.8851 1008.0648 - - - - - - - - - 1588.4723 1008.0388 1007.9097 1008.0903 - - - -

Axis Treasury Advantage Fund

1901.1321 1006.2334 1006.8077 1006.2526 - - - - 1781.1748 1005.4758 1005.3466 1006.1909 - 1942.1359 1007.2893 1005.4512 1006.3016 - - - -

Axis Liquid Fund 1887.4788 1000.8759 1003.0502 1001.5470 - - - - 1794.5930 1000.6413 1001.4009 1001.1015 - 1893.8951 1000.6413 1003.0574 1001.1835 - - - 1893.7766

Axis Enhanced Arbitrage Fund

12.4244 10.4591 - - - - - - - - - - - 12.7803 10.8746 - - - - - -

Axis Children’s Gift Fund No Lock-In

12.6731 12.6787 - - - - - - - - - - - 13.2004 13.1059 - - - - - -

Axis Children’s Gift Fund Compulsory Lock-In

12.6744 12.6800 - - - - - - - - - - - 13.1069 13.1060 - - - - - -

Axis Dynamic Equity Fund

10.42 10.42 - - - - - - - - - - - 10.49 10.49 - - - - - -

30

NAV for Axis Liquid Fund as on 31st Dec 2017

Fund Name Entry Load

Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount (`)

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

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

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

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

Axis Multicaap Fund NA 5,000/1 100/1 1,000/1

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

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

Axis Income Saver NA 5,000/1 100/1 1,000/1

Axis Constant Maturity 10 Year Fund

NA 5,000/1 100/1 1,000/1

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

Axis Corporate Debt Opportunities Fund

NA 5,000/1 100/1 1,000/1

Axis Regular Savings Fund NA 5,000/1 100/1 1,000/1

Axis Fixed Income Opportunities Fund

NA 5,000/1 100/1 1,000/1

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

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

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

Axis Liquid Fund NA Growth Option: `500 and in

multiples of ` 1/- thereafterAll other

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

Growth Option: ` 500 and in

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

multiples of ` 1/- thereafter

-

Axis Enhanced Arbitrage Fund NA 5,000/1 100/1 1,000/1

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

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

LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS

Please refer to the website for current load structure

31

Date of inception

Current Value of Investment if ` 10,000 was invested on

inceptiondate

Since InceptionCAGR (%)

5 Years CAGR (%)

3 Years CAGR (%)

1 Year CAGR (%)

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

05-Jan-1025,370 12.36% 16.01% 9.53% 38.03%

Nifty 50 (Benchmark) 19,952 9.03% 12.27% 8.34% 28.65%S&P BSE Sensex (Additional Benchmark) 19,256 8.55% 11.89% 7.40% 27.91%Axis Equity Fund - Direct Plan - Growth@@

01-Jan-1322,028 17.13% - 10.74% 39.81%

Nifty 50 (Benchmark) 17,696 12.11% - 8.34% 28.65%S&P BSE Sensex (Additional Benchmark) 17,393 11.72% - 7.40% 27.91%Axis Midcap Fund - Growth

18-Feb-1134,460 19.75% 20.59% 11.54% 41.99%

S&P BSE Midcap (Benchmark) 26,754 15.41% 20.18% 19.79% 48.13%Nifty 50 (Additional Benchmark) 19,291 10.04% 12.27% 8.34% 28.65%Axis Midcap Fund - Direct Plan - Growth@@

01-Jan-1326,728 21.75% - 12.86% 43.60%

S&P BSE Midcap (Benchmark) 24,762 19.91% - 19.79% 48.13%Nifty 50 (Additional Benchmark) 17,696 12.11% - 8.34% 28.65%

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

29-Dec-0941,782 19.56% 23.05% 13.36% 37.44%

S&P BSE 200 (Benchmark) 21,521 10.05% 14.06% 10.94% 33.26%Nifty 50 (Additional Benchmark) 20,298 9.25% 12.27% 8.34% 28.65%Axis Long Term Equity Fund - Direct Plan - Growth*@@

01-Jan-1329,700 24.35% - 14.62% 38.99%

S&P BSE 200 (Benchmark) 19,127 13.86% - 10.94% 33.26%Nifty 50 (Additional Benchmark) 17,696 12.11% - 8.34% 28.65%Axis Focused 25 Fund - Growth@@

29-Jun-1226,650 19.49% 18.29% 16.41% 45.15%

Nifty 50 (Benchmark) 19,949 13.37% 12.27% 8.34% 28.65%S&P BSE 200 (Additional Benchmark) 21,883 15.29% 14.06% 10.94% 33.26%Axis Focused 25 Fund - Direct Plan - Growth@@

01-Jan-1324,271 19.43% - 17.89% 46.86%

Nifty 50 (Benchmark) 17,696 12.11% - 8.34% 28.65%S&P BSE 200 (Additional Benchmark) 19,127 13.86% - 10.94% 33.26%

FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 6 SCHEMES)Axis Equity Saver Fund - Growth@

14-Aug-1511,800 7.21% - - 14.67%

CRISIL MIP Blended Index (Benchmark) 12,246 8.89% - - 8.04%Nifty 50 (Additional Benchmark) 12,362 9.33% - - 28.65%Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-1512,150 8.53% - - 16.05%

CRISIL MIP Blended Index (Benchmark) 12,246 8.89% - - 8.04%Nifty 50 (Additional Benchmark) 12,362 9.33% - - 28.65%Axis Triple Advantage Fund - Growth

23-Aug-10


17,980 8.30% 7.21% 7.29%12.96%

Crisil 10 Year Gilt Index (Additional Benchmark) 16,317 6.88% 6.95% 7.26% -0.07%Axis Triple Advantage Fund - Direct Plan Growth@@

01-Jan-13


14,114 7.14% - 7.29%12.96%

Crisil 10 Year Gilt Index (Additional Benchmark) 13,935 6.87% - 7.26% -0.07%Axis Dynamic Bond Fund - Growth

27-Apr-1117,406 8.65% 8.42% 7.77% 3.38%

Crisil Composite Bond Fund Index (Benchmark) 17,515 8.75% 8.79% 8.71% 4.69%Crisil 10 Year Gilt Index (Additional Benchmark) 15,700 6.99% 6.95% 7.26% -0.07%Axis Dynamic Bond Fund - Direct Plan - Growth@@

01-Jan-1315,816 9.61% - 8.90% 4.28%

Crisil Composite Bond Fund Index (Benchmark) 15,207 8.76% - 8.71% 4.69%Crisil 10 Year Gilt Index (Additional Benchmark) 13,935 6.87% - 7.26% -0.07%Axis Capital Protection Oriented Fund - Series 5 #@@

02-Nov-1215,345 8.65% 8.36% 4.51% 15.19%

Crisil MIP Blended Fund Index (Benchmark) 15,987 9.52% 9.45% 8.78% 8.04%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,298 7.18% 7.15% 7.11% 5.83%Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1512,674 12.19% - -

22.46%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%

Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1513,107 14.03% - -

24.49%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1512,673 12.19% - - 22.46%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1513,200 14.43% - - 24.81%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%

FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 4 SCHEMES)Axis Triple Advantage Fund - Growth

23-Aug-10


17,980 8.30% 7.21% 7.29% 12.96%

Crisil 10 Year Gilt Index (Additional Benchmark) 16,317 6.88% 6.95% 7.26% -0.07%Axis Triple Advantage Fund - Direct Plan Growth@@

01-Jan-13


14,114 7.14% - 7.29% 12.96%

Crisil 10 Year Gilt Index (Additional Benchmark) 13,935 6.87% - 7.26% -0.07%Axis Income Saver - Growth #

16-Jul-10

18,496 8.59% 9.65% 7.48% 12.10%Crisil MIP Blended Fund Index (Benchmark) 18,546 8.63% 9.45% 8.78% 8.04%CRISIL 10 year Gilt Index (Additional Benchmark) 16,048 6.55% 6.95% 7.26% -0.07%

Axis Income Saver - Direct Plan - Growth #@@

04-Jan-1316,818 10.99% - 9.00% 13.58%

Crisil MIP Blended Fund Index (Benchmark) 15,591 9.31% - 8.78% 8.04%CRISIL 10 year Gilt Index (Additional Benchmark) 13,868 6.78% - 7.26% -0.07%Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-1512,674 12.19% - - 22.46%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-1513,107 14.03% - - 24.49%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-1512,673 12.19% - - 22.46%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-1513,200 14.43% - - 24.81%

50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 12,790 12.69% - - 16.18%Nifty 50 (Additional Benchmark) 13,673 16.40% - - 28.65%

FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 3 SCHEMES)Axis Liquid Fund - Growth

09-Oct-0918,868 8.02% 8.19% 7.56% 6.67%

Crisil Liquid Fund Index (Benchmark) 18,339 7.65% 8.12% 7.46% 6.62%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,802 6.51% 7.15% 7.11% 5.81%Axis Liquid Fund - Direct Plan - Growth@@

31-Dec-1214,872 8.27% 8.27% 7.64% 6.75%

Crisil Liquid Fund Index (Benchmark) 14,772 8.12% 8.12% 7.46% 6.62%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,120 7.15% 7.15% 7.11% 5.81%Axis Liquid Fund - Retail Plan - Growth

01-Mar-1017,940 7.74% 7.64% 6.99% 6.08%

Crisil Liquid Fund Index (Benchmark) 18,134 7.89% 8.12% 7.46% 6.62%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,634 6.71% 7.15% 7.11% 5.81%Axis Treasury Advantage Fund - Growth

09-Oct-0919,011 8.12% 8.28% 7.76% 6.59%

Crisil Liquid Fund Index (Benchmark) 18,339 7.65% 8.12% 7.46% 6.64%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,802 6.51% 7.15% 7.11% 5.83%Axis Treasury Advantage Fund - Direct Plan - Growth@@

01-Jan-1315,200 8.74% - 8.24% 7.24%

Crisil Liquid Fund Index (Benchmark) 14,769 8.12% - 7.46% 6.64%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,114 7.14% - 7.11% 5.83%Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-1017,812 7.65% 7.56% 7.13% 6.07%

Crisil Liquid Fund Index (Benchmark) 18,123 7.89% 8.12% 7.46% 6.64%Crisil 1 Year T-Bill Index (Additional Benchmark) 16,632 6.71% 7.15% 7.11% 5.83%Axis Banking & PSU Debt Fund - Growth@@

08-Jun-1215,743 8.50% 8.41% 8.02% 7.18%

Crisil Short Term Bond Fund Index (Benchmark) 15,903 8.70% 8.64% 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,719 7.20% 7.15% 7.11% 5.83%

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 29th December 2017)

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. W.e.f January 1st, 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. The above data excludes performance of direct plans of schemes which have not completed a year.

32

Date of inceptionCurrent Value of Investment if ` 10,000 was invested on

inception date

Since InceptionCAGR (%)

5 Years CAGR (%)

3 Years CAGR (%)

1 Year CAGR (%)

Axis Banking & PSU Debt Fund - Direct Plan - Growth@@

01-Jan-1315,088 8.58% - 8.21% 7.37%

Crisil Short Term Bond Fund Index (Benchmark) 15,127 8.64% - 8.17% 6.03%Crisil 1 Year T-Bill Index (Additional Benchmark) 14,114 7.14% - 7.11% 5.83%

FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 5 SCHEMES) Axis Equity Saver Fund - Growth@

14-Aug-1511,800 7.21% - - 14.67%

CRISIL MIP Blended Index (Benchmark) 12,246 8.89% - - 8.04%Nifty 50 (Additional Benchmark) 12,362 9.33% - - 28.65%Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-1512,150 8.53% - - 16.05%

CRISIL MIP Blended Index (Benchmark) 12,246 8.89% - - 8.04%Nifty 50 (Additional Benchmark) 12,362 9.33% - - 28.65%Axis Small Cap Fund - Growth@@

29-Nov-1329,530 30.35% - 16.45% 38.31%

Nifty Free Float Smallcap 100 (Benchmark) 28,560 29.29% - 19.94% 57.30%Nifty 50 (Additional Benchmark) 17,051 13.95% - 8.34% 28.65%Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-1330,900 31.81% - 17.72% 39.82%

Nifty Free Float Smallcap 100 (Benchmark) 28,560 29.29% - 19.94% 57.30%Nifty 50 (Additional Benchmark) 17,051 13.95% - 8.34% 28.65%

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 14 - Growth@@

2-Sep-1412,428 6.75% - 6.71% 19.96%

CRISIL MIP Blended Fund Index (Benchmark) 13,566 9.60% - 8.78% 8.04%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,643 7.31% - 7.11% 5.83%Axis Hybrid Fund - Series 14 - Direct Plan - Growth@@

2-Sep-1412,966 8.12% - 7.78% 21.36%

CRISIL MIP Blended Fund Index (Benchmark) 13,566 9.60% - 8.78% 8.04%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,643 7.31% - 7.11% 5.83%Axis Hybrid Fund - Series 15 - Growth@@

17-Sep-1412,310 6.53% - 6.53% 19.65%


17-Sep-1412,757 7.69% - 7.65% 21.05%

CRISIL MIP Blended Fund Index (Benchmark) 13,535 9.65% - 8.78% 8.04%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,600 7.29% - 7.11% 5.83%Axis Hybrid Fund - Series 30 - Growth@

11-Feb-16

12,993 14.93% - - 18.67%CRISIL Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark)

12,239 11.33% - - 8.04%

CRISIL 1 Year T-Bill (Additional Benchmark) 11,270 6.56% - - 5.83%Axis Hybrid Fund - Series 30 - Direct Plan - Growth@

11-Feb-16


12,239 11.33% - - 8.04%

CRISIL 1 Year T-Bill (Additional Benchmark) 11,270 6.56% - - 5.83%

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 7 - Growth@

5-Sep-1313,096 6.45% - 0.45% 5.14%

CRISIL MIP Blended Fund Index (Benchmark) 15,580 10.82% - 8.78% 8.04%CRISIL 1 Year T-Bill Index (Additional Benchmark) 13,688 7.54% - 7.11% 5.83%Axis Hybrid Fund - Series 7 - Direct Plan - Growth

0-Jan-00- - - - -

CRISIL MIP Blended Fund Index (Benchmark) - - - - -CRISIL 1 Year T-Bill Index (Additional Benchmark) - - - - -Axis Hybrid Fund - Series 6 - Growth@@

16-Aug-1313,091 6.35% - 0.17% 4.50%

CRISIL MIP Blended Fund Index (Benchmark) 15,969 11.30% - 8.78% 8.04%CRISIL 1 Year T-Bill Index (Additional Benchmark) 13,795 7.64% - 7.11% 5.83%Axis Hybrid Fund - Series 6 - Direct Plan - Growth@@

16-Aug-1313,657 7.39% - 1.14% 5.52%

CRISIL MIP Blended Fund Index (Benchmark) 15,969 11.30% - 8.78% 8.04%CRISIL 1 Year T-Bill Index (Additional Benchmark) 13,795 7.64% - 7.11% 5.83%Axis Hybrid Fund - Series 5 - Growth@@

25-Jul-1312,718 5.57% - 0.49% 3.47%

CRISIL MIP Blended Fund Index (Benchmark) 15,496 10.39% - 8.78% 8.04%CRISIL 1 Year T-Bill Index (Additional Benchmark) 13,824 7.58% - 7.11% 5.83%Axis Hybrid Fund - Series 5 - Direct Plan - Growth@@

25-Jul-1313,270 6.59% - 1.46% 4.46%

CRISIL MIP Blended Fund Index (Benchmark) 15,496 10.39% - 8.78% 8.04%CRISIL 1 Year T-Bill Index (Additional Benchmark) 13,824 7.58% - 7.11% 5.83%

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 43 SCHEMES)Axis Hybrid Fund - Series 14 - Growth@@

2-Sep-1412,428 6.75% - 6.71% 19.96%


2-Sep-1412,966 8.12% - 7.78% 21.36%

CRISIL MIP Blended Fund Index (Benchmark) 13,566 9.60% - 8.78% 8.04%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,643 7.31% - 7.11% 5.83%Axis Hybrid Fund - Series 15 - Growth@@

17-Sep-1412,310 6.53% - 6.53% 19.65%


17-Sep-1412,757 7.69% - 7.65% 21.05%

CRISIL MIP Blended Fund Index (Benchmark) 13,535 9.65% - 8.78% 8.04%CRISIL 1 yr Tbill Index (Additional Benchmark) 12,600 7.29% - 7.11% 5.83%Axis Hybrid Fund - Series 30 - Growth

11-Feb-16


12,239 11.33% - - 8.04%

CRISIL 1 Year T-Bill (Additional Benchmark) 11,270 6.56% - - 5.83%Axis Hybrid Fund - Series 30 - Direct Plan - Growth

11-Feb-16


12,239 11.33% - - 8.04%

CRISIL 1 Year T-Bill (Additional Benchmark) 11,270 6.56% - - 5.83%

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 43 SCHEMES)Axis Constant Maturity 10 Year Fund - Growth

23-Jan-1214,918 6.97% 6.99% 7.05% 1.43%

CRISIL 10 Year Gilt Index (Benchmark) 15,017 7.09% 6.95% 7.26% -0.07%Axis Constant Maturity 10 Year Fund - Direct Plan - Growth

1-Jan-1314,325 7.46% - 7.60% 1.95%

CRISIL 10 Year Gilt Index (Benchmark) 13,935 6.87% - 7.26% -0.07%Axis Gold Fund

20-Oct-119,147 -1.43% -4.24% -0.58% 0.71%

Domestic Price of Gold 10,235 0.38% -1.88% 2.96% 5.22%Additional Benchmark Not ApplicableAxis Gold Fund - Direct Plan

1-Jan-138,510 -3.18% - 0.60% 1.56%

Domestic Price of Gold 9,093 -1.89% - 2.96% 5.22%Additional Benchmark Not ApplicableAxis Gold ETF

10-Nov-1012,890 3.62% -2.52% 0.54% 0.56%

Domestic Price of Gold 13,318 4.09% -1.88% 2.96% 5.22%Additional Benchmark Not Applicable

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 29th December 2017)

33

Past performance may or may not be sustained in 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 Exchange Traded Fund and on Rs. 10/- invested at inception for all other schemes. Different plans have differ-ent 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 Series 1 and Series 2 since inception, Axis Multicap Fund since 20th November 2017.

Shreyash Devalkar is managing Axis Equity Fund and Axis Midcap Fund since 23rd November 2016 and Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception, Axis Multicap Fund since 20th November 2017.

Anupam Tiwari is managing Axis Equity Saver Fund and Axis Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception.

Ashwin Patni is managing Axis Enhanced 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 Dynamic Equity Fund since inception.

Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Constant Maturity 10 Year Fund , Axis Regular Savings 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 Fixed Income Opportunities Fund and Axis Enhanced Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Income Saver (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 Op-portunities Fund since July 13th, 2017.

Ashish Naik is managing the equity portion of Axis Income Saver 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.

Aditya Pagaria is managing Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund since 13th August, 2016.

R. Siva Kumar 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.

Weighted Average Expense Ratio for the MonthScheme - Regular Plan / Direct Plan : Axis Hybrid Fund - Series 5: 2.45% / 1.60%, Axis Hybrid Fund - Series 6: 2.45% / 1.60%, Axis Hybrid Fund - Series 7: 2.45 % / -, Axis Hybrid Fund - Series 13 : 2.16% / 1.21%, Axis Hybrid Fund - Series 14 : 2.17% / 1.17%, Axis Hybrid Fund - Series 15 : 2.26% / 1.26%, Axis Hybrid Fund - Se-ries 18 : 2.17% / 1.12%, Axis Hybrid Fund - Series 19 : 2.27% / 1.22%, Axis Hybrid Fund - Series 22 : 2.03% / 0.84%, Axis Hybrid Fund - Series 23 : 2.06% /0.87%, Axis Hybrid Fund - Series 24 : 2.00% / 0.81%, Axis Hybrid Fund - Series 25 : 2.14% / 0.95%, Axis Hybrid Fund - Series 26 : 2.11% / 0.92%, Axis Hybrid Fund - Series 27 : 2.08% / 0.89%, Axis Hybrid Fund - Series 28 : 2.09% / 0.90%, Axis Hybrid Fund - Series 29 : 2.24% / 1.05%, Axis Hybrid Fund - Series 30 : 2.18% / 0.99%, Axis Hybrid Fund - Series 31 : 2.10% / 0.80%, Axis Hybrid Fund - Series 32 : 2.07% / 1.07%, Axis Hybrid Fund - Series 33 : 2.07% / 0.77%, Axis Hybrid Fund - Series 35 : 2.13% / 0.83%, Axis Liquid Fund : 0.09% / 0.03%, Axis Treasury Advantage Fund : 0.71% / 0.25%, Axis Banking & PSU Debt Fund : 0.40% / 0.20%, Axis Short Term Fund : 0.85% / 0.25%, Axis Dynamic Bond Fund : 1.30% / 0.55%, Axis Constant Maturity 10 Year Fund : 0.65% / 0.20%, Axis Regular Savings Fund : 1.00% / 0.35%, Axis Gold ETF : 1.00% / -, Axis Nifty ETF: 0.07% / -, Axis Gold Fund :1.00% / 0.15%, Axis Fixed Income Opportunities Fund* : 1.45% / 0.30%, Axis Enhanced Arbitrage Fund : 0.95% / 0.25%, Axis Corporate Debt Opportunities Fund : 1.00% / 0.25%, Axis Income Saver* : 2.22% / 1.35%, Axis Long Term Equity Fund*: 1.97% / 1.27%, Axis Focused 25 Fund* : 2.07% / 1.36%, Axis Equity Fund : 2.11% / 1.00%, Axis Triple Advantage Fund : 1.75% / 0.93%, Axis Midcap Fund* : 2.18% / 1.37%, Axis Equity Saver Fund* : 2.42% / 1.66%, Axis Small Cap Fund : 2.48% / 1.53%, Axis Children’s Gift Fund* : 2.52% / 1.11%, Axis Dynamic Equity Fund* : 2.07% / 0.85, Axis Multi Cap Fund* : 2.08% / 0.86%, Axis Capital Protection Oriented Fund -Series 5: 2.45% / -, Axis Emerging Opportunities Fund - Series 1: 2.21% / 0.91%, Axis Emerging Opportunities Fund - Se-ries 2: 1.99% / 0.69%, Axis Equity Advantage - 1*Fund : 2.08% / 0.83%, Axis Equity Advantage - 2 Fund : 2.50% / 0.90%, Axis Fixed Maturity Plan - Series 49 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 52 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 64 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 74 : 0.23% / 0.10%

34

@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 Advan-tage 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.$ Rating Details (Axis Short Term Fund & Axis Banking & PSU Debt Fund) Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.^ Rating Details (Axis Treasury Advantage Fund and Axis Liquid Fund)Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.

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 Man-ager: 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.

GST on Management fees to the above mentioned schemes will be charged over and above Total Expense Ratio. *In addition to the rates mentioned a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes.

35

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

AXIS EQUITY FUND This product is suitable for investors who are seeking*� Capital appreciation over long term� Investment in a diversifi ed portfolio predominantly consisting of equity and equity related instruments of large cap companies AXIS FOCUSED 25 FUND This product is suitable for investors who are seeking*� Capital appreciation over long term� Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND This product is suitable for investors who are seeking*� Capital appreciation & generating income over long term� Investment in a diversifi ed portfolio predominantly consisting of equity and equity related instrumentsAXIS MIDCAP FUND This product is suitable for investors who are seeking*� Capital appreciation over long term� Investment predominantly in equity and equity related instruments of mid size companies with focus on relatively larger companies within this category AXIS MULTICAP FUND This product is suitable for investors who are seeking*� Capital appreciation over medium to long term� Investment in a diversifi ed portfolio consisting of equity and equity related instruments across market capitalization.AXIS TRIPLE ADVANTAGE FUND This product is suitable for investors who are seeking*� Capital appreciation & generating income over long term � Investment in a diversifi ed portfolio of equity and equity related instruments, fi xed income instruments & gold exchange traded funds AXIS INCOME SAVER This product is suitable for investors who are seeking*� Capital appreciation while generating income over medium to long term � Investment in debt and money market instruments as well as equity and equity related instruments while managing risk through active asset allocationAXIS GOLD ETF This product is suitable for investors who are seeking*� Capital Appreciation over medium to long term� Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking errorAXIS GOLD FUND This product is suitable for investors who are seeking*� Capital Appreciation over medium to long term� Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking errorAXIS EQUITY SAVER FUND This product is suitable for investors who are seeking*� Capital Appreciation while generating income over medium to long term� 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 This product is suitable for investors who are seeking*� Capital appreciation & generating income over medium to long term� Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND This product is suitable for investors who are seeking* � Capital appreciation & generating income over medium to long term � Investment in equity and equity related instruments as well as debt and money market instruments while managingrisk through active asset allocationAXIS CONSTANT MATURITY 10 YEAR FUND This product is suitable for investors who are seeking*� Credit risk free returns over medium to long term� Investment mainly in Government securities to generate returns similar to that of 10 year government bonds AXIS DYNAMIC BOND FUND This product is suitable for investors who are seeking*� Optimal returns over medium to long term� To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instrumentsAXIS CORPORATE DEBT OPPORTUNITIES FUND This product is suitable for investors who are seeking*� Regular income over short to medium - term� Predominantly investing in corporate debtAXIS REGULAR SAVINGS FUND This product is suitable for investors who are seeking*� Optimal returns over medium term� Investment in diversifi ed portfolio of high quality debt and money market securities to generate optimal risk adjusted returns while maintaining liquidityAXIS ENHANCED ARBITRAGE FUND This product is suitable for investors who are seeking*� Income over short to medium term� Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS FIXED INCOME OPPORTUNITIES FUND This product is suitable for investors who are seeking*� Stable returns in the short to medium term� Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND This product is suitable for investors who are seeking*� Regular income while maintaining liquidity over short to medium term � Investment in debt and money market instruments

AXIS BANKING & PSU DEBT FUND This product is suitable for investors who are seeking* � Regular income over short to medium term� Investment in debt and money market instruments issued by banks, PFIs & PSUs

AXIS TREASURY ADVANTAGE FUND This product is suitable for investors who are seeking*� Regular income over short term� Investment in debt and money market instruments

AXIS LIQUID FUND This product is suitable for investors who are seeking*� Regular income over short term� Investment in debt and money market instruments

PRODUCT LABELLING

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH

Moderate ModeratelyHighModerately

Low

HighLow

Riskometer

Investors understand that their principal will beat moderate risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderately low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat low risk

LOW HIGH


Low

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ELSS #KhushiKeAansu Direct...*Investment up to1 .5 lakhs in ELSS is eligible for deduction from taxable income under Sec 8C of the Income Tax Act,0 1961. This implies that the Indian