Save up to 46,800 in · remain bullish on the equity market story. SIP`s continue to sustain despite market volatility highlighting maturity of domestic investors. Consumer price

The Fund Endeavours To Maintain A Mix Between Large And Mid Cap Stocks. Typically, The Fund Maintains 50-100% In Large Caps And The Rest In Midcaps.

Save up to46,800 in taxes**

The fund endeavours to maintain a mix of large and mid cap stocks. Typically, it may maintain between 50-100% in large caps and the rest in midcaps

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

6

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

Axis Arbitrage Fund 31

Fixed Income Outlook 13Axis Liquid Fund 14

Axis Dynamic Bond Fund 18

Axis Strategic Bond Fund 20Axis Credit Risk Fund 21

Axis Banking & PSU Debt Fund 23

Axis Equity Saver Fund 25

Axis Regular Saver Fund 28

Axis Children’s Gift Fund 29Axis Triple Advantage Fund 30

Axis Treasury Advantage Fund 16Axis Short Term Fund 17

Axis Gilt Fund 22

Tax Reckoner 2

Axis Corporate Debt Fund 19

Axis Dynamic Equity Fund 26

Hybrid Outlook 24

Axis Multicap Fund 12

Axis Ultra Short Term Fund 15

Axis Equity Hybrid Fund 27

I N D E X

NAV’s

Load Structure And Minimum Investment Amount

Annexures

Expense Ratios

Product Labeling

33

35

36

38

39

32SIP Performance Of Selected Schemes

6

EQUITYN O V E M B E R 2 0 1 8

KEY HIGHLIGHTS

MARKETS

CORPORATE

Market volatility continued in the month of October as external factors and weak global sentiment dragged markets lower. Frontline indices, S&P BSE Sensex & NIFTY 50 were down 5% for the month. Mid and small caps outperformed large caps for the first time in 3 months. NIFTY Midcap 100 Index was up 0.2% & NIFTY Small cap 100 Index was down 1.5%.

Foreign Portfolio Investors (FPI) continued to sell across equity and debt markets. For the month of October, FPI’s withdrew Rs 28,921 Cr in equity and Rs. 9,978 Cr from debt markets. Domestic mutual funds continue to support markets as retail investors remain bullish on the equity market story. SIP`s continue to sustain despite market volatility highlighting maturity of domestic investors.

Consumer price inflation saw a marginal up move to 3.8% in September on the back of higher fuel costs percolating through to prices. September WPI inflation picked up to 5.1%. Higher crude prices also had a marginal impact on manufactured goods adding to the inflation move. Food inflation continues to remain benign.

Crude saw some weakening as signs of rising supply and concerns on global economic growth and fuel demand would be hit by a deepening of the U.S.-China trade dispute. Prices were pressured as U.S. inventories were expected to rise for a sixth straight week as other top producers Saudi Arabia and Russia signalled potential output increases. Crude has now fallen approx. US10$/bl from its peak. This is a significant sentiment booster for the Indian economy. The INR also saw some strengthening on the back of positives on the crude front. The INR ended the month at Rs 73.96/US$.

The corporate earnings season has begun on a mixed note. On the positive front earnings pointed towards a stronger than expected rural demand and resurgence in pricing power in the branded marketspace. Further, positive commentary from technology companies & stable realisations in metals and mining space have aided profits in these sectors. Rural consumption continues to grow ahead of urban growth in Q2FY19 while top-line driven by volume growth has been robust for FMCG, Paints & Auto – 2-wheelers.

Strong brands have demonstrated their ability to pass on cost pressure by increasing prices. Software exports remained robust. In the banking & financials space median credit growth in Q2FY19 has been strong while NPA additions remained muted. Infrastructure, telecom and Oil & Gas have seen weak quarters in line with market expectations.

Going forward, we remain cautiously optimistic on markets in light of the market movements and the sentimental negative that sharp falls in sector specific have caused. We advise investors not to panic as corporate sector fundamentals in general continue to remain strong. Our investment focus continues to remain quality centric and have positioned ourselves appropriately to manage such volatility. Currently, we hold tactical cash positions in our portfolios and will look to deploy as the market stabilises.

Given the current market volatility and sharp stock specific moves, investors should remain cautious while deploying funds. Systematic investments into equity products could also help investors ride out short term volatility.

GLOBAL

QUICK TAKEEquity 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.

0.5%

-5.0%

10.5%

7

Source: Bloomberg, Axis MF Research.

Please refer to page no 33-34, 38, 38-39 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.

PORTFOLIO

Banks 22.53 Finance 13.98

Software 10.76

Consumer Non Durables

9.97

Auto 7.65

Petroleum Products

3.73

Retailing 3.43

Consumer Durables

2.38

Construction Project

2.19

Others 5.90

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

2,841.93 Cr.

AS ON 31st OCTOBER’18

2,927.48 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 13.62%

Beta - 0.90

Sharpe Ratio** - 0.23

PORTFOLIOTURNOVER* (1 YEAR)

1.69 times

FUND MANAGER

Mr. ShreyashDevalkar

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

23rd November 2016

SECTORALLOCATION

(%)

AXIS BLUECHIP FUND£ (FORMERLY KNOWN AS AXIS EQUITY FUND)(An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks)

FACTSHEETOCTOBER 2018

8

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

EXIT LOAD

**Risk-free rate assumed to be 6.60% (MIBOR as on 31-10-18) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st OCTOBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.£ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid scheme effective from May 18, 2018.

PERFORMANCE (as on 31st October 2018)

Regular Plan Direct Plan

Options Record Date

Dividend (` Per unit) NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Data as on 31st OCTOBER 2018.

DIVIDENDS

Period 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of

Investment of` 10,000/-

CAGR (%)

Current Value of

Investment of`. 10,000/-

CAGR (%)

Current Value of


CAGR (%)

Current Value of

Investment of ` 10,000

Date of inception

Axis Bluechip Fund - Growth 2.78% 10,278 9.75% 13,226 13.26% 18,644 11.03% 25,17005-Jan-10Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 9.31% 21,942

S&P BSE Sensex (Additional Benchmark) 4.91% 10,491 10.33% 13,436 11.75% 17,430 9.44% 22,164Axis Bluechip Fund - Direct Plan -Growth 4.26% 10,426 11.07% 13,712 14.60% 19,772 14.57% 22,110

01-Jan-13Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792S&P BSE Sensex (Additional Benchmark) 4.91% 10,491 10.33% 13,436 11.75% 17,430 11.76% 19,124Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 6 schemes of Axis Mutual Fund. Please refer to annexure on Page 36 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.

% OF ASSETS

BANKS 22.53

HDFC Bank Limited 9.74

Kotak Mahindra Bank Limited 7.68

ICICI Bank Limited 2.72

Bandhan Bank Limited 2.39

FINANCE 13.98

Bajaj Finance Limited 6.25

HDFC Limited 4.96

Bajaj Finser Limited 2.77

SOFTWARE 10.76

Tata Consultancy Services Limited 7.61

Infosys Limited 3.15

CONSUMER NON DURABLES 9.50

Hindustan Unilever Limited 3.49

Britannia Industries Limited 2.60

Nestle India Limited 2.08

Asian Paints Limited 1.32

AUTO 7.28

Maruti Suzuki India Limited 5.61

Mahindra & Mahindra Limited 1.67

PETROLEUM PRODUCTS 3.73

Reliance Industries Limited 3.73

RETAILING 3.43

Avenue Supermarts Limited 3.43

CONSUMER DURABLES 2.38

Titan Company Limited 2.38

OTHERS 6.74

Construction Project 2.19

Larsen & Toubro Limited 2.19

CHEMICALS 2.16

Pidilite Industries Limited 2.16

Cement 1.31

Shree Cement Limited 0.74

UltraTech Cement Limited 0.57

Textile Products 1.31

Page Industries Limited 1.31

Pharmaceuticals 1.12

Divi's Laboratories Limited 1.12

Other Equity (less than 0.50% of the corpus) 0.85

Total Equity 82.52

Cash & Other Receivables 17.48

Net Assets 100%

^ Derivatives


Finance 20.68

Banks 19.29

Software 10.51

Auto 8.27 Auto Ancillaries 6.85


Retailing 4.50

Industrial Products

3.34

Chemicals 2.51

Others 5.13

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

5,771.27 Cr.


5,903.57 Cr.

BENCHMARK

Nifty 50



Beta - 1.07



1.42 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:17 years.

He has been managing this fund since 07th June 2016

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 investing in maximum 25 stocks investing in large cap, mid cap and small cap companies)

EXIT LOAD

9


**Risk-free rate assumed to be 6.60% (MIBOR as on 31-10-18) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 31st OCTOBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

% OF ASSETS

FINANCE 20.68


HDFC Limited 5.42

Bajaj Finserv Limited 4.23

Gruh Finance Limited 2.76

BANKS 19.29




SOFTWARE 10.51


Info Edge (India) Limited 2.91

AUTO 8.27


Eicher Motors Limited 2.72

AUTO ANCILLARIES 6.85

Motherson Sumi Systems Limited 3.01

Endurance Technologies Limited 1.50

WABCO India Limited 1.36

Varroc Engineering Limited 0.98

PHARMACEUTICALS 4.53

Sun Pharmaceutical Industries Limited 4.00

Sun Pharma Advanced Research Company Limited 0.53

RETAILING 4.50


INDUSTRIAL PRODUCTS 3.34

Supreme Industries Limited 3.34

CHEMICALS 2.51


OTHERS 5.13



Cement 1.79


Industrial Capital Goods 1.38

V-Guard Industries Limited 1.38

Total Equity (including derivatives) 85.60

Debt, Cash & Other Receivables 14.40

Net Assets 100%

^Commercial Paper

DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

Mar 08, 2018 2.00 2.00 19.47 17.47

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st OCTOBER 2018.



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Focused 25 Fund - Growth 0.64% 10,064 12.85% 14,383 15.65% 20,699 15.67% 25,17029-Jun-12Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 12.65% 21,291

S&P BSE 200 (Additional Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 13.80% 22,704Axis Focused 25 Fund - Direct Plan - Growth 1.77% 10,177 14.18% 14,898 17.04% 21,971 15.47% 23,139

01-Jan-13Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792S&P BSE 200 (Additional Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 12.33% 19,698Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 36 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

Finance 17.17 Industrial Prod-

ucts9.64

Pharmaceuticals 9.21 Banks 8.93 Auto Ancillaries 8.83


Software 5.54 Retailing 4.20


3.62

Others 9.17

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,530.83 Cr.


1,599.99 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 0.82



0.98 times

FUND MANAGER

Mr. Shreyash Devalkar

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

23rd November 2016

% OF ASSETS

FINANCE 17.17



Sundaram Finance Limited 3.25

Mahindra & Mahindra Financial Services Limited 2.77Cholamandalam Investment and Finance Company Limited

1.42

HDFC Asset Management Company Limited 1.05


Astral Poly Technik Limited 4.08

Supreme Industries Limited 2.89

Cummins India Limited 1.58

Schaeffler India Limited 1.09



Torrent Pharmaceuticals Limited 3.34

Sanofi India Limited 2.53

BANKS 8.93

City Union Bank Limited 5.23





Balkrishna Industries Limited 1.37

MRF Limited 1.21


SOFTWARE 5.54


MphasiS Limited 2.07

TEXTILE PRODUCTS 5.47


RETAILING 4.20


Trent Limited 1.88


Berger Paints (I) Limited 1.72

Kansai Nerolac Paints Limited 1.30

Colgate Palmolive (India) Limited 0.59

OTHERS 9.55

Cement 2.79

ACC Limited 2.79

Gas 2.14

Indraprastha Gas Limited 2.14

Consumer Durables 1.98

TTK Prestige Limited 1.46

Symphony Limited 0.53


Voltas Limited 1.65




Total Equity 82.16

Cash & Other Receivables 17.84

Net Assets 100%

SECTORALLOCATION

(%)

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

AXIS MIDCAP FUND£

(An Open Ended Equity Scheme Predominantly Investing In Mid Cap Stocks£)

EXIT LOAD

10


**Risk-free rate assumed to be 6.60% (MIBOR as on 31-10-18) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st OCTOBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. £ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Midcap Fund - Growth 4.66% 10,466 9.97% 13,307 21.53% 26,520 17.07% 33,68018-Feb-11S&P BSE Midcap (Benchmark) -11.06% 8,894 11.25% 13,775 20.48% 25,401 12.26% 24,382

Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 10.09% 20,977Axis Midcap Fund - Direct Plan - Growth 5.75% 10,575 11.21% 13,763 23.04% 28,216 18.06% 26,340

01-Jan-13S&P BSE Midcap (Benchmark) -11.06% 8,894 11.25% 13,775 20.48% 25,401 14.41% 21,927Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 6 schemes of Axis Mutual Fund. Please refer to annexure on Page 36 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

Finance 19.39 Banks 18.40 Software 11.37 Auto 7.66 Auto Ancillaries 6.91 Pharmaceuticals 5.66

Chemicals 5.64

Consumer Durables

4.67

Retailing 3.91

Others 10.29

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

16,255.92 Cr.


16,467.23 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 14.25%

Beta - 0.92



1.13 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 17 years.

He has been managing this fund since 1st April 2011

SECTORALLOCATION

(%)

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

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

11

NIL

EXIT LOAD

**Risk-free rate assumed to be 6.60% (MIBOR as on 31-10-18) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st OCTOBER 2018.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

% OF ASSETS

FINANCE 19.15


HDFC Limited 4.84



Multi Commodity Exchange of India Limited 0.71

Mas Financial Services Limited 0.56

BANKS 18.40




SOFTWARE 11.37



AUTO 7.66








CHEMICALS 5.64






TTK Prestige Limited 3.27

Symphony Limited 1.39

RETAILING 3.91


OTHERS 10.85

Power 3.25

Torrent Power Limited 3.25

Industrial Products 2.21







Consumer Non Durables 1.01





Total Equity 93.89


Net Assets 100%

^Commercial Paper



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Regular Dividend

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


DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Long Term Equity Fund - Growth 0.53% 10,053 9.01% 12,959 19.94% 24,834 17.00% 40,08329-Dec-09S&P BSE 200 (Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 9.96% 23,149

Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 9.51% 22,323Axis Long Term Equity Fund - Direct Plan - Growth 1.56% 10,156 10.19% 13,386 21.35% 26,333 19.83% 28,732

01-Jan-13S&P BSE 200 (Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 12.33% 19,698Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 36 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

Banks 22.38

Finance 11.56

Software 9.92


8.71

Auto 6.74

Retailing 3.85


Chemicals 2.42


Others 9.35

MONTHLY AVERAGE

2,723.95 Cr.


2,811.89 Cr.

BENCHMARK

Nifty 500 Index

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

12

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

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

Mr. Shreyash Devalkar Work experience: 17 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

EXIT LOAD

If redeemed / switched-out within 12 months from the date of allotment: • For 10% of investment: NIL• For remaining investment: 1%If redeemed / switched - out after 12 months from the date of allotment: Nil (w.e.f. May 18, 2018)

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

Rating % OF ASSETS

TOTAL FIXED DEPOSIT 0.36

CORPORATE BOND 3.69

IndoStar Capital Finance Limited CARE AA- 0.88

Indiabulls Housing Finance Limited CRISIL AAA 0.88

Vodafone Mobile Services Limited CRISIL AA- 0.88Dewan Housing Finance Corporation Limited

BWR AAA 0.67

Cholamandalam Investment and Finance Company Limited

IND AA+ 0.17

LIC Housing Finance Limited CRISIL AAA 0.17Piramal Capital & Housing Finance Limited

ICRA AA+ 0.04

ZERO COUPON BOND 0.26

JM Financial Products Limited ICRA AA 0.26

OTHERS 1.73

Indiabulls Housing Finance Limited CRISIL A1+ 1.73

BANKS 22.38





FINANCE 11.15


HDFC Limited 4.20

SOFTWARE 9.92








Dabur India Limited 0.51

AUTO 6.74



RETAILING 3.85




CHEMICALS 2.42




OTHERS 9.76

Consumer Durables 2.19


Auto Ancillaries 1.96



Petroleum Products 1.43






Industrial Products 0.89


Cement 0.64

Shree Cement Limited 0.64Other Equity (less than 0.50% of the corpus)

0.49

Total Equity 80.30


^Commercial Paper


FIXEDINCOME

N O V E M B E R 2 0 1 8

Key Events During the Month

Market View

•

•

•

•

•

•

•

Currency & Oil: Higher US inventories coupled with potential increases in supply from Saudi Arabia and Russia pushed Crude prices downward. Crude has now fallen approx. US$10/bl from its peak. This is a significant sentiment booster for the Indian economy. The INR also saw some strengthening on the back of positives on the crude front. The INR ended the month at Rs 73.96/US$.10 Year at 7.85%: The benchmark yield on the 10 Year G-Sec fell 17bps during the month from 8.02% to 7.85%. Bond markets continued to remain volatile as recoveries in crude and the currency gave the markets some respite in an otherwise volatile environment. However, FPI`s continued to remain sellers in the debt markets adding to pressures on spreads. Banking Liquidity: Banking liquidity tightened during the month on account of advance tax and GST payments. Further forex intervention by RBI and increasing currency in circulation on account of the forthcoming festive season added to liquidity tightness. The RBI on its part conducted OMO`s of Rs. 36,000 Cr to alleviate system liquidity pressures. Further it has scheduled OMO`s worth Rs. 40,000 Cr in November.Steps to Address Money Market Liquidity: In an attempt to alleviate concerns on liquidity in money markets, the RBI has created an additional line of funding for NBFC`s through an SLR carve out in order to facilitate lending by banks. Further, it has also increased single borrower exposure limit for NBFCs which do not finance infrastructure stands from 10 to 15 % of capital funds, up to Dec 31, 2018. The government on is part, through NHB, decided to increase the refinance limit for eligible housing finance companies (HFCs) by ~Rs 6,000 Cr is a measure to boost lending support.Inflation – Remains Benign: Consumer price inflation saw a marginal up move to 3.8% in September on the back of higher fuel costs percolating through to prices. September WPI inflation picked up to 5.1%. Higher crude prices also had a marginal impact on manufactured goods adding to the inflation move. Food inflation continues to remain benign. A point to note is quarterly average of inflation has been lower than RBI estimates for the quarter gone by.RBI Action & The MPC minutes: The Reserve Bank of India (RBI) decided to keep rates unchanged while shifting its stance from neutral to ‘calibrated tightening’. There were no material inferences from the MPC minutes this month. The underlying consideration for keeping rates unchanged focused on the domestic positives like improving macro-economic conditions and buoyant industrial growth while maintaining caution on the external environment. The RBI also lowered the inflation band for the year to 3.9 – 4.5% in H2RBI V/s The Government: Media reports indicate concerns of a rift between the government and the RBI. Such developments could be a sentiment dampener on long bonds.

While crude continues to remain elevated, it has fallen by approximately US$10/barrel, a sentimental positive. The rupee depreciation has not been too harsh and in our opinion is fairly valued on a REER basis. On a macro front, India is the one of only emerging market country with real GDP @7.5%+, 150 bps+ positive real rate, moderate inflation and now a very effective valued currency. Also strong global growth cycle coupled with positive commodity cycle in the last 12-18 months, strong local growth momentum, consumption theme and steps to clear banking NPA mess has significantly improved the local credit environment. We do not believe that there is a material risk of financial instability and hence the RBI is likely to continue to focus on inflation trajectory. With the current inflation trajectory, we feel that the average inflation for the year would be around 5% band and hence we don't feel terminal repo rate to be above 6.75-7% till March 2019. Hence we feel RBI will at max 25-50 bps rate hikes in next 6-12 months. Long bonds are likely to remain in a range of 7.80% - 8.20% on the 10-year G-Sec.Currently, the curve offers significant opportunities from investment perspective as markets are pricing in more than 1 hike till March 2019. Corporate bonds in the 1-3-year space currently trade at a premium of 200 bps over the operative rate which we believe offers significant opportunities and thus prefer this space.

10 YEAR G-SEC YIELD

7.85%

QUICK TAKE

CPI Inflation : Last 1 year

3.58%

3.77%

Repo : Last 1 year

6.00%

6.50%

10 yr G-Sec : Last 1 year

7.85%

6.89%

• INR is now fairly valued on a REER basis. RBI remains cautious of steep corrections.

• Oil and Rupee stability is a sentimental positive for the economy.

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

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

13Source: Bloomberg, Axis MF Research.


PORTFOLIO

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^ 94.69

BANKS 8.63

IDFC Bank Limited ICRA A1+ 3.63

RBL Bank Limited ICRA A1+ 1.92

IndusInd Bank Limited CRISIL A1+ 1.69


The South Indian Bank Limited CARE A1+ 0.24

Indian Bank IND A1+ 0.05

OTHERS 67.84

NABARD ICRA A1+ 9.17

HDFC Limited CRISIL A1+ 9.07

UltraTech Cement Limited CRISIL A1+ 3.88

Reliance Jio Infocomm Limited CRISIL A1+ 2.61

Shriram Transport Finance Company Limited CRISIL A1+ 2.36

JSW Steel Limited ICRA A1+ 2.06

Power Finance Corporation Limited CRISIL A1+ 2.05

Sun Pharmaceutical Industries Limited ICRA A1+ 1.99Mahindra & Mahindra Financial Services Limited

CRISIL A1+ 1.91

Vedanta Limited CRISIL A1+ 1.89


Tata Motors Limited ICRA A1+ 1.81

Reliance Retail Ltd CRISIL A1+ 1.81

Chennai Petroleum Corporation Limited CRISIL A1+ 1.80

Piramal Capital & Housing Finance Limited CRISIL A1+ 1.72Dewan Housing Finance Corporation Limited

CRISIL A1+ 2.89

TMF Holdings Limited ICRA A1+ 1.46

Bharti Airtel Limited CRISIL A1+ 1.45Cholamandalam Investment and Finance Company Limited

ICRA A1+ 1.27

ECL Finance Limited CRISIL A1+ 1.21

Talwandi Sabo Power Limited CRISIL A1+(SO) 1.21

Tata Capital Financial Services Limited CRISIL A1+ 1.12

Piramal Enterprises Limited ICRA A1+ 1.00

L&T Infrastructure Finance Company Limited ICRA A1+ 0.97

IIFL Home Finance Limited CRISIL A1+ 0.97

Reliance Jio Infocomm Limited CARE A1+ 0.97

REC Limited CRISIL A1+ 0.97

Mahindra Rural Housing Finance IND A1+ 0.97

Muthoot Finance Limited CRISIL A1+ 0.75

IIFL Securities Limited CRISIL A1+ 0.73

IIFL Wealth Finance Limited CRISIL A1+ 0.73

JM Financial Products Limited ICRA A1+ 0.70

Tata Power Renewable Energy Limited CRISIL A1+ 0.48

Reliance Industries Limited CRISIL A1+ 0.48

Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.41

India Infoline Finance Limited CRISIL A1+ 0.26

Tata Steel Limited ICRA A1+ 0.24

Varroc Engineering Limited ICRA A1+ 0.19

Indiabulls Commercial Credit Limited ICRA A1+ 0.12

TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.12

CEAT Limited CARE A1+ 0.12

Power Grid Corporation of India Limited CRISIL A1+ 0.05

HDFC Limited ICRA A1+ 0.02

REC Limited ICRA A1+ 0.02

Tata Power Company Limited ICRA A1+ 0.02

TREASURY BILL 18.23

91 DAYS TBILL SOVEREIGN 15.03


59 Days CMB SOVEREIGN 0.57

TOTAL DEBT 0.26

CORPORATE BOND 0.12

Power Finance Corporation Limited 0.12


JM Financial Products Limited CRISIL AA 0.14

NET CURRENT ASSETS 5.05

NET ASSETS 100%

^Certificate Of Deposit/Commercial Paper/BRDS/Treasury Bill

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

22,237.63 Cr.


20,536.09 Cr.

BENCHMARK

NIFTY Liquid Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

30 daysMODIFIED DURATION*

27 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

7.33%

Mr. Devang ShahWork experience: 14 years.

He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 11 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Total Money Market Instruments* - 99.74% Zero Coupon Bond - 0.14% Corporate Bond - 0.12%

CARE A1+/ CRISIL A1+/ CRISIL A1+(SO) / ICRA A1+/ IND A1+/ CRISIL AAA & Equivalent - 81.64% SOV - 18.23% CRISIL AA - 0.14%

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

* 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

14

^^


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

Oct 25, 2018 4.4770 4.1457 1,007.0895 1,000.8742 4.1340 3.8142 1,005.9993 1,000.2810 4.5055 4.1721 1,006.5358 1,000.2808Sep 25, 2018 3.9839 3.6891 1,006.4050 1,000.8742 3.6321 3.3682 1,005.3306 1,000.2810 4.0086 3.7120 1,005.8459 1,000.2808Aug 27, 2018 4.6624 4.3174 1,007.3469 1,000.8742 4.2624 3.9555 1,006.2111 1,000.2810 4.6968 4.3492 1,006.8013 1,000.2808

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.

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Liquid Fund - Growth 7.25% 10,725 7.26% 12,342 7.90% 14,629 7.96% 20,029

09-Oct-09NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 7.90% 19,930NIFTY 1 Year T-Bill Index (Additional Benchmark)

6.63% 10,663 6.93% 12,230 7.57% 14,407 6.82% 18,183

Axis Liquid Fund - Direct Plan - Growth 7.31% 10,731 7.33% 12,367 7.97% 14,677 8.15% 15,795

31-Dec-12NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 7.95% 15,631NIFTY 1 Year T-Bill Index (Additional Benchmark)

6.63% 10,663 6.93% 12,230 7.57% 14,407 7.49% 15,242

Axis Liquid Fund - Retail - Growth 6.63% 10,663 6.67% 12,140 7.33% 14,244 7.65% 18,952

01-Mar-10NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 8.11% 19,664NIFTY 1 Year T-Bill Index (Additional Benchmark)

6.63% 10,663 6.93% 12,230 7.57% 14,407 6.96% 17,921

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on Page 36-37 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


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


PORTFOLIO

MONTHLY AVERAGE

477.04 Cr.


484.84 Cr.

BENCHMARK

CRISIL Ultra Short Term Debt Index

AXIS ULTRA SHORT TERM FUND

15

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

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

Mr. Aditya Pagaria Work experience: 11 years.


FUND MANAGER

DATE OF ALLOTMENT

10th September 2018

EXIT LOAD

Nil


Rating % OF ASSETS

TOTAL DEBT 39.17

CORPORATE BOND 29.12

Power Finance Corporation Limited CRISIL AAA 5.17

Daimler Financial Services India Pvt Limited

IND AAA 5.14

Edelweiss Commodities Services Limited ICRA AA 3.07

Vodafone Mobile Services Limited CRISIL AA- 2.64

Tata Sons Ltd CRISIL AAA 2.07

Cholamandalam Investmentand Finance Company Limited

ICRA AA+ 2.06

Aasan Corporate Solutions Private Limited

ICRA AA-(SO)

2.06

Edelweiss Commodities Services Limited CRISIL AA 2.04

Shriram Transport Finance Company Limited

IND AA+ 2.02

National Housing Bank CRISIL AAA 1.44

Northern Arc Capital Limited ICRA A+ 1.43


Dewan Housing Finance Corporation Limited

CARE AAA 4.89

JSW Techno Projects Management Limited BWR A(SO) 2.10

IDFC Bank Limited IND AA+ 1.00

REDUCED FACE VALUE BONDS - NON AMORTISATION

2.06

Asirvad Microfinance Ltd CRISIL A+ 2.06

TOTAL MONEY MARKET INSTRUMENTS^

50.06

OTHERS 49.04


TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 5.14

CEAT Limited CARE A1+ 5.14



ReNew Solar Power Private LimitedCARE

A1+(SO)5.09


Aditya Birla Fashion and Retail Limited CRISIL A1+ 3.07



IndoStar Capital Finance Limited CRISIL A1+ 2.05

TGS Investment & Trade Pvt Limited ICRA A1+ 1.03

Tata Steel Limited ICRA A1+ 1.03

BANKS 1.01

Equitas Small Finance Bank Limited CRISIL A1+ 0.60

Ujjivan Small Finance Bank Limited CRISIL A1+ 0.41

PASS THROUGH CERTIFICATE 7.56

RENT-A-DEVICE TRUSTICRA

AAA(SO)2.77

Rainbow Devices TrustICRA

AAA(SO)1.81

MFL Securitisation TrustCRISIL

AAA(SO)2.87

Sansar TrustICRA

AAA(SO)0.11


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper


Total Money Market Instruments* - 53.27% Corporate Bond - 29.12% Zero Coupon Bond - 7.98% Pass Through Certificate - 7.56% Reduced Face Value Bonds - Non Amortisation - 2.06%



CARE A1+/ CRISIL A1+/ ICRA A1+/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO)/ IND AAA/ CARE A1+(SO) & Equivalent - 79.53% CRISIL AA/ ICRA AA - 5.11% ICRA AA+/ IND AA+ - 5.08% CRISIL AA-/ ICRA AA-(SO) - 4.70% ICRA A+/ CRISIL A+ - 3.49% BWR A(SO) - 2.10%


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

DIVIDENDS

AVERAGE MATURITY*

131 daysMODIFIED DURATION*


8.73%



PORTFOLIO

RATING % OF ASSETS


56.19

BANKS 14.10


HDFC Bank Limited ICRA A1+ 3.61


Small Industries Dev Bank of India CARE A1+ 1.20

OTHERS 42.10



Larsen & Toubro Limited CRISIL A1+ 4.80

Edelweiss Commodities Services Limited CRISIL A1+ 3.50


Indiabulls Housing Finance Limited CRISIL A1+ 3.03HSBC InvestDirect Financial Services (India) Limited

IND A1+ 2.46

L&T Infrastructure Finance Company Limited

ICRA A1+ 2.44


Indiabulls Housing Finance Limited ICRA A1+ 1.96


LIC Housing Finance Limited CRISIL A1+ 1.45

Bharti Airtel Limited CRISIL A1+ 1.20





Rainbow Devices Trust ICRA AAA(SO) 0.44

TOTAL DEBT 42.18



Piramal Capital & Housing Finance Limited ICRA AA+ 2.95

Hinduja Leyland Finance Limited CARE AA- 2.47

LIC Housing Finance Limited CRISIL AAA 2.46

Reliance Jio Infocomm Limited CRISIL AAA 2.45

India Infoline Finance Limited ICRA AA 1.67

Small Industries Dev Bank of India CARE AAA 1.57

Indiabulls Housing Finance Limited BWR AAA 1.57

Muthoot Finance Limited CRISIL AA 1.54Shriram Transport Finance Company Limited

IND AA+ 1.45

Housing Development Finance Corpora-tion Limited

CRISIL AAA 1.27


Mahindra Rural Housing Finance IND AA+ 1.20

ICICI Home Finance Company Limited ICRA AAA 1.19Dewan Housing Finance Corporation Limited

BWR AAA 0.98

NHPC Limited ICRA AAA 0.97

Indian Railway Finance Corporation Limited CRISIL AAA 0.84

Adani Transmission Limited IND AA+ 0.74

Power Grid Corporation of India Limited CRISIL AAA 0.25

Export Import Bank of India CRISIL AAA 0.24

REC Limited CRISIL AAA 0.17


Dewan Housing Finance Corporation Limited

CARE AAA 4.92

TMF Holdings Limited CRISIL AA 1.41



IIFL Home Finance Limited CRISIL AA 0.50


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/BRDS

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

2,439.35 Cr.


2,022.68 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

195 daysMODIFIED DURATION

*


8.60%


He has been managing this fund since07th June 2016.



FUND MANAGER

Total Money Market Instruments* - 57.38% Corporate Bond - 33.99% Zero Coupon Bond - 8.18% Pass Through Certificate - 0.44%

CARE A1+/ CRISIL A1+/ ICRA A1+/ IND A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ ICRA AAA/ ICRA AAA(SO) & Equivalent - 83.49% CRISIL AA/ ICRA AA - 7.09% ICRA AA+/ IND AA+ - 6.96% CARE AA- 2.47%



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

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

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

NIL

EXIT LOAD

16

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


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

Oct 25, 2018 5.8529 5.4198 1,013.5768 1,005.4514 5.8505 5.4192 1,013.5727 1,005.4482 6.1691 5.7124 1,014.0172 1,005.4530Sep 25, 2018 1.1220 1.0389 1,007.0091 1,005.4514 1.1241 1.0393 1,007.0065 1,005.4482 1.4280 1.3223 1,007.4354 1,005.4530Aug 27, 2018 4.6257 4.2834 1,011.8732 1,005.4514 4.6252 4.2828 1,011.8691 1,005.4482 4.9727 4.6046 1,012.3562 1,005.4530


DIVIDENDS


PeriodDate 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Treasury Advantage Fund - Growth 6.49% 10,649 7.19% 12,321 7.83% 14,582 7.99% 20,08109-Oct-09NIFTY Low Duration Debt Index (Benchmark) 6.52% 10,652 7.30% 12,358 8.04% 14,721 8.21% 20,451

NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 6.82% 18,183Axis Treasury Advantage Fund - Direct Plan - Growth 7.05% 10,705 7.72% 12,506 8.34% 14,930 8.54% 16,126

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 6.52% 10,652 7.30% 12,358 8.04% 14,721 8.14% 15,787NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,237Axis Treasury Advantage Fund - Retail - Growth 6.24% 10,624 6.71% 12,154 7.25% 14,192 7.55% 18,792

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 6.52% 10,652 7.30% 12,358 8.04% 14,721 8.33% 20,004NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 6.96% 17,918Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 33 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on 36-37 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

4,543.93 Cr.


4,250.95 Cr.

BENCHMARKNIFTY Short

Duration Debt Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

1.3 yearsMODIFIED DURATION

*

1.1 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

8.66%



FUND MANAGER

Corporate Bond - 59.18% Total Money Market Instruments* - 29.33% Zero Coupon Bond - 3.87% Government Bond - 3.47% State Government Bond - 0.59% Pass Through Certificate - 0.01%



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

AXIS SHORT TERM FUND£

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

NIL

EXIT LOAD

17

CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL

AAA(SO)/ ICRA AAA/ ICRA AAA(SO)/ IND AAA & Equivalent - 87.14%

CARE AA+/ CRISIL AA+/ ICRA AA+/ IND AA+ - 6.38% SOV - 4.07%

CRISIL AA - 2.41%

RATING % OF ASSETSTOTAL DEBT 67.10



HDFC Limited CRISIL AAA 5.87






Jamnagar Utilities & Power Private Limited CRISIL AAA 2.20

NABARD IND AAA 1.88

Mahindra & Mahindra Financial Services Limited IND AAA 1.85

Cholamandalam Investment and Finance Company Limited

ICRA AA+ 1.59


Muthoot Finance Limited CRISIL AA 1.42

NABARD CRISIL AAA 1.41

Tata Capital Financial Services Limited CRISIL AAA 1.16

L&T Housing Finance CARE AAA 1.15

Nirma Limited CRISIL AA 0.99


Shriram Transport Finance Company Limited CRISIL AA+ 0.96

Gruh Finance Limited CRISIL AAA 0.91



Tata Motors Limited CARE AA+ 0.58

Mahindra Rural Housing Finance CRISIL AA+ 0.58

Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.58

Tata Capital Financial Services Limited ICRA AAA 0.57

National Highways Auth Of Ind CRISIL AAA 0.45

Dewan Housing Finance Corporation Limited BWR AAA 0.37

Sikka Ports and Terminals Limited CRISIL AAA 0.36


L&T Infrastructure Finance Company Limited CARE AAA 0.35

HDB Financial Services Limited CRISIL AAA 0.34

Bajaj Finance Limited CARE AAA 0.25


Bhopal Dhule Transmission Company Limited CRISIL AAA 0.23

Reliance Industries Limited CRISIL AAA 0.22

Indiabulls Housing Finance Limited CARE AAA 0.12

Bharti Airtel Limited CRISIL AA+ 0.11



Dewan Housing Finance Corporation Limited CARE AAA 2.11



Kotak Mahindra Prime Limited CRISIL AAA 0.29

Axis Finance Limited IND AAA 0.03

HDB Financial Services Limited CRISIL AAA 0.01

GOVERNMENT BOND SOVEREIGN 3.47

STATE GOVERNMENT BOND SOVEREIGN 0.59

TOTAL MONEY MARKET INSTRUMENTS^ 19.66

OTHERS 19.53




Larsen & Toubro Limited CRISIL A1+ 1.75


Indiabulls Housing Finance Limited ICRA A1+ 0.90

LIC Housing Finance Limited CRISIL A1+ 0.57

Dewan Housing Finance Corporation Limited CRISIL A1+ 0.55




Shriram Transport Finance Company Limited CRISIL A1+ 0.12

BANKS 0.12

Small Industries Dev Bank of India CARE A1+ 0.12

TREASURY BILL 0.01

91 Days Tbill SOVEREIGN 0.01


Rent-A-Device Trust ICRA AAA(SO) 1.52

Rainbow Devices Trust ICRA AAA(SO) 1.47

Sansar Trust ICRA AAA(SO) 0.59


NET ASSETS 100%

^Certificate of Deposit/Commercial Paper/Treasury Bill


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Individuals/ HUF

Others

Oct 25, 2018 0.0518 0.0479 10.2244 10.1525 0.0511 0.0473 10.0887 10.0177 0.0585 0.0542 10.1016 10.0203

Monthly Dividend

Sep 25, 2018 - - - - - - - - 0.0001 0.0001 10.0003 10.0001Aug 27, 2018 0.0463 0.0429 10.2149 10.1506 0.0458 0.0424 10.0795 10.0159 0.0503 0.0466 10.0874 10.0175July 25, 2018 0.0468 0.0433 10.2158 10.1507 0.0466 0.0431 10.0809 10.0162 0.0506 0.0469 10.0880 10.0176


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Short Term Fund - Growth 4.62% 10,462 6.90% 12,222 7.87% 14,609 7.82% 19,36622-Jan-10NIFTY Short Duration Debt Index (Benchmark) 4.76% 10,476 7.07% 12,280 8.05% 14,729 7.91% 19,503

NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 6.89% 17,948Axis Short Term Fund - Direct Plan - Growth 5.36% 10,536 7.67% 12,486 8.71% 15,184 8.60% 16,182

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 4.76% 10,476 7.07% 12,280 8.05% 14,729 8.07% 15,724NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,237Axis Short Term Fund - Retail - Growth 4.62% 10,462 6.90% 12,222 7.88% 14,614 7.78% 19,147

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 4.76% 10,476 7.07% 12,280 8.05% 14,729 7.95% 19,417NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 6.96% 17,920Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes of Axis Mutual Fund. Please refer to annexure on Page 37 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


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


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 75.39




Union Bank of India BWR AA 6.71

Punjab National Bank IND A+ 6.68

Syndicate Bank IND AA- 4.99

Renew Power Limited CARE A+ 3.20

Tata Power Company Limited CRISIL AA- 2.66

India Infrastructure Fin Co Ltd CRISIL AAA 1.69

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 0.64

REDUCED FACE VALUE BONDS - NON AMORTISATION

1.20

Ess Kay Fincorp Limited IND A(SO) 1.20


11.59

TREASURY BILL 11.59


182 Days Tbill SOVEREIGN 3.20


IIERT TRUSTCRISIL

AAA(SO)3.89

ZENITH TRUST ICRA A-(SO) 2.07

Solstice TrustICRA AA-

(SO)0.96

Sansar TrustICRA

AAA(SO)0.17


NET ASSETS 100%

^Treasury Bill

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

166.70 Cr.


155.42 Cr.

BENCHMARK

NIFTY Composite Debt Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*

4.6 yearsMODIFIED DURATION*


8.92%

Mr. R. SivakumarWork experience: 20 years.

He has been managing this fund since inception



FUND MANAGER

Government Bond - 39.67% Corporate Bond - 34.52% Total Money Market Instruments* - 17.52% Pass Through Certificate - 7.09% Reduced Face Value Bonds - Non Amortisation - 1.20%

SOV - 51.27% CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equivalent - 19.63% BWR A+(SO)/ CARE A+/ IND A+ - 10.51% CRISIL AA-/ IND AA-/ ICRA AA-(SO) - 8.61% BWR AA - 6.71% ICRA A-(SO) - 2.07% IND A(SO) - 1.20%



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

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

18

NIL

EXIT LOAD


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

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

Quarterly DividendSep 25, 2018 0.1440 0.1334 10.3437 10.1437 0.1800 0.1667 10.6403 10.3903Jun 25, 2018 - - - - 0.1800 0.1667 10.7399 10.4899Mar 26, 2018 - - - - 0.1805 0.1672 10.9742 10.7242

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

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Dynamic Bond Fund - Growth 2.61% 10,261 6.50% 12,083 8.12% 14,781 8.10% 17,959

27-Apr-11NIFTY Composite Debt Index (Benchmark) 1.67% 10,167 6.31% 12,020 8.14% 14,791 7.93% 17,747NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

-0.40% 9,960 5.63% 11,789 7.19% 14,153 6.66% 16,233

Axis Dynamic Bond Fund - Direct Plan - Growth 3.53% 10,353 7.49% 12,424 9.33% 15,624 8.90% 16,440

01-Jan-13NIFTY Composite Debt Index (Benchmark) 1.67% 10,167 6.31% 12,020 8.14% 14,791 7.58% 15,312NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

-0.40% 9,960 5.63% 11,789 7.19% 14,153 6.26% 14,247

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. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 33 schemes. Please refer to annexure on Page 36&37 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 83.64






National Housing Bank CRISIL AAA 6.39




Magma Fincorp Limited ICRA AA- 3.51



Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 2.11









REDUCED FACE VALUE BONDS - NON AMORTISATION 0.66

ESS KAY FINCORP LIMITED IND A(SO) 0.66


OTHERS 9.24


IndoStar Capital Finance Limited CRISIL A1+ 3.38


IIERT TRUST CRISIL AAA(SO) 1.65

Zenith Trust ICRA A-(SO) 1.37

MFL Securitisation Trust CRISIL AAA(SO) 0.72


NET ASSETS 100%

^Commercial Paper

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

306.18 Cr.


281.17 Cr.

BENCHMARK

NIFTY Corporate Bond Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*


1yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

9.43%

Corporate Bond - 79.51% Total Money Market Instruments* - 12.62% Pass Through Certificate - 3.38% Zero Coupon Bond - 3.46% Reduced Face Value Bonds -

Non Amortisation - 0.66%

COMPOSITION BY ASSETS (%)


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

AXIS CORPORATE DEBT FUND£(FORMERLY KNOWN AS AXIS CORPORATE DEBT OPPORTUNITIES FUND)

(An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds£)

19


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

FUND MANAGER

EXIT LOAD

If redeemed / switched-out on or before 6 months from the date of allotment: 0.50%; If redeemed / switched out after 6 months from the date of allotment : Nil. (w.e.f. August 3, 2018)

CRISIL A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO) & Equivalent - 77.36% CARE AA-/ ICRA AA-/ IND AA- - 8.77%

CRISIL AA+/ IND AA+ - 5.94% BWR A+(SO)/ CARE A+/ ICRA A+/ IND A+ - 5.90% ICRA A-(SO) - 1.37% IND A(SO) - 0.66%

COMPOSITION BY RATING (%)


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 25, 2018 0.0658 0.0610 10.1415 10.0500 0.0730 0.0676 10.1514 10.0500Sep 27, 2018 - - - - 0.0032 0.0029 10.0545 10.0500

Monthly Dividend

Aug 27, 2018 0.0479 0.0443 10.1166 10.0500 0.0537 0.0498 10.1247 10.0500July 25, 2018 0.0514 0.0476 10.1214 10.0500 0.0567 0.0525 10.1288 10.0500

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

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Corporate Debt Fund - Growth 6.46% 10,646 - - - - 6.67% 10,87713-Jul-17NIFTY Corporate Bond Index (Benchmark) 3.48% 10,348 - - - - 4.25% 10,557

NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 - - - - 6.58% 10,865Axis Corporate Debt Fund - Direct Plan 7.41% 10,741 - - - - 7.62% 11,003

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 3.48% 10,348 - - - - 4.25% 10,557NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 - - - - 6.58% 10,865Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the schmes since 13th July 2017 and he manages 33 schemes. Please refer to annexure on Page 36&37 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).

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



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Quarterly Dividend Sep 25, 2018 0.1404 0.1300 10.2587 10.0638 0.1800 0.1667 10.8863 10.6363Jun 25, 2018 0.1440 0.1334 10.3468 10.1468 0.1800 0.1667 11.0014 10.7514Mar 26, 2018 0.1805 0.1672 10.5370 10.2870 0.1805 0.1672 11.1669 10.9169

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters.

DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

1,281.63 Cr.


1,260.79 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*


*

2 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

9.93%

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

2012.

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

this fund since 1st June 2018

FUND MANAGER

Corporate Bond - 80.65% Pass Through Certificate - 7.77% Government Bond - 4.13% Reduced Face Value Bonds - Non Amortisation - 2.91% Zero Coupon Bond - 2.81% Total Money Market Instruments* - 1.46% State Government Bond - 0.27%

BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equiva-lent - 39.37% CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ BWR AA/ CRISIL AA(SO) - 18.35% CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA-/ ICRA AA-(SO)/ CARE AA-(SO) -15.90% BWR A+(SO)/ CARE A+/ ICRA A+/ CARE A+(SO)/ IND A+/ CRISIL A+ - 10.34% CRISIL AA+/ ICRA AA+ -6.74% SOV - 4.41% IND A(SO)/ BWR A(SO) - 2.51% ICRA A-(SO)/ CARE A- - 2.39%



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

20

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

AXIS STRATEGIC BOND FUND£ (FORMERLY KNOWN AS 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

RATING % OF ASSETS

TOTAL DEBT 90.77







PVR Limited CRISIL AA- 3.10


Jubilant Life Sciences Limited CRISIL AA 2.76

Coastal Gujarat Power Limited CARE AA(SO) 2.73




ICICI Bank Limited ICRA AA+ 2.28Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.19



JK Lakshmi Cement Limited CARE AA- 1.96





Bank of Baroda CARE AA 1.75


Vijaya Bank ICRA AA- 1.72




Talwandi Sabo Power Limited CRISIL AA(SO) 1.27

Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.19

Dalmia Cement (Bharat) Limited ICRA AA 1.17




Vedanta Limited CRISIL AA 0.94

Gruh Finance Limited CRISIL AAA 0.77



Hansdeep Industries & Trading Company Limited CARE AA-(SO) 0.56


ECL Finance Limited ICRA AA 0.39

JM Financial Products Limited ICRA AA 0.39

Hindalco Industries Limited CRISIL AA 0.16



Subros Limited ICRA A+ 0.94

Narmada Wind Energy Private Limited CARE A+(SO) 0.76

IKF Finance Limited CARE A- 0.55









Solstice Trust ICRA AA-(SO) 0.87

RENT-A-DEVICE TRUST ICRA AAA(SO) 2.67


MFL Securitisation Trust CRISIL AAA(SO) 1.03


NET ASSETS 100%


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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Growth 4.79% 10,479 7.83% 12,541 9.18% 15,519 8.74% 17,380

28-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 2.48% 10,248 6.71% 12,154 8.15% 14,796 8.33% 16,957NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

-0.40% 9,960 5.63% 11,789 7.19% 14,153 6.95% 15,583

Axis Strategic Bond Fund - Direct Plan - Growth 5.54% 10,554 8.63% 12,825 10.14% 16,209 9.34% 16,809

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 2.48% 10,248 6.71% 12,154 8.15% 14,796 7.83% 15,500NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

-0.40% 9,960 5.63% 11,789 7.19% 14,153 6.14% 14,142

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes amd Dhaval Patel schemes is managing the scheme since 1st June 2018 and he manages 1 scheme of Axis Mutual Fund. Please refer to annexure on Page 37 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 25, 2018 0.0372 0.0344 10.1393 10.0876 0.0478 0.0442 10.0995 10.0331Monthly Dividend

Aug 27, 2018 0.0503 0.0466 10.1621 10.0922 0.0567 0.0525 10.1150 10.0362July 25, 2018 0.0471 0.0437 10.1566 10.0911 0.0540 0.0500 10.1103 10.0352

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

PORTFOLIO

DATE OF ALLOTMENT


1,675.55 Cr.


1,663.94 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*


*


10.19%



FUND MANAGER

Corporate Bond - 73.36% Pass Through Certificate - 10.78% Reduced Face Value Bonds - Non Amortisation - 6.56% Total Money Market Instruments* - 4.92% Zero Coupon Bond - 3.79% State Government Bond - 0.32% Government Bond - 0.27%

CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ IND AA/ BWR AA/ CRISIL AA(SO)- 31.38% BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO)/ CARE A1+(SO) & Equivalent - 30.02% CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA-/ ICRA AA-(SO)/ CARE A1+(SO) - 18.89% BWR A+(SO)/ CARE A+/ ICRA A+/ CARE A+(SO)/ IND A+/ CRISIL A+ - 11.51% ICRA A-(SO)/ CARE A- - 4.46% IND A(SO)/ BWR A(SO) - 3.15% SOV - 0.59 %



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

AXIS CREDIT RISK FUND£(FORMERLY KNOWN AS AXIS FIXED INCOME OPPORTUNITIES FUND)

(An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds (Excluding AA+ Rated Corporate Bonds£)

EXIT LOAD

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

21






PVR Limited CRISIL AA- 3.80

Dalmia Cement (Bharat) Limited ICRA AA 3.26

Coastal Gujarat Power Limited CARE AA(SO) 2.66

Birla Corporation Limited ICRA AA 2.60



Piramal Enterprises Limited ICRA AA 2.38

Suhani Trading And Investment Consultants Private Limited

BWR A+(SO) 2.37


Bank of Baroda CARE AA 2.31

Tata Power Company Limited IND AA 2.30


JK Lakshmi Cement Limited CARE AA- 2.08

ECL Finance Limited ICRA AA 2.07


Nirma Limited CRISIL AA 1.89


Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.50

Jubilant Life Sciences Limited CRISIL AA 1.49



Hansdeep Industries & Trading Company Limited CARE AA-(SO) 1.39



Talwandi Sabo Power Limited CRISIL AA(SO) 1.20





Nuvoco Vistas Corporation Limited CRISIL AA 0.88






Food Corporation Of India CRISIL AAA(SO) 0.31

Vijaya Bank ICRA AA- 0.18

Indiabulls Housing Finance Limited CARE AAA 0.06


Vedanta Limited CRISIL AA 0.06



Narmada Wind Energy Private Limited CARE A+(SO) 2.31

IKF Finance Limited CARE A- 1.68



Subros Limited ICRA A+ 0.47







OTHERS 0.59

ReNew Solar Power Private Limited CARE A1+(SO) 0.59


Sansar Trust ICRA AAA(SO) 3.96




RENT-A-DEVICE TRUST ICRA AAA(SO) 1.38


NET ASSETS 100%

^Commercial Paper

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Credit Risk Fund - Growth 4.23% 10,423 7.03% 12,264 NA NA 8.08% 13,96615-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 4.67% 10,467 7.91% 12,569 NA NA 8.84% 14,392

NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.49% 13,643Axis Credit Risk Fund - Direct Plan - Growth 5.60% 10,560 8.40% 12,742 NA NA 9.33% 14,672

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 4.67% 10,467 7.91% 12,569 NA NA 8.84% 14,392NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.49% 13,643Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 33 schemes. Please refer to annexure on Page 37 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).





Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Half Yearly Dividend

Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -Sep 25, 2017 0.3611 0.3345 11.8824 11.3824 - - - -Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Oct 25, 2018 0.0333 0.0308 10.0579 10.0116 0.0367 0.0340 10.0639 10.0129Sep 25, 2018 0.0192 0.0178 10.0335 10.0067 0.0236 0.0219 10.0412 10.0083

Regular Dividend Aug 27, 2018 0.0162 0.0150 10.0283 10.0057 0.0262 0.0242 10.0455 10.0091Please 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.

EXIT LOAD

PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 49.35

GOVERNMENT BOND 49.35

7.17% GOI Sovereign 24.44





TREASURY BILL 37.96

91 DAYS TBILL Sovereign 37.96


NET ASSETS 100%

^Treasury Bill

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

40.52 Cr.


39.11 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*



7.27%


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

FUND MANAGER

Total Money Market Instruments* - 50.65% Government Bond - 49.35%

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


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

AXIS GILT FUND£ (FORMERLY KNOWN AS AXIS CONSTANT MATURITY 10 YEAR FUND)

(An Open Ended Debt Scheme Investing In Government Securities Across Maturity£)

NIL

22


DIVIDENDS

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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Gilt Fund - Growth 0.21% 10,021 5.50% 11,747 7.20% 14,162 6.33% 15,15723-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 2.17% 10,217 6.21% 11,984 7.78% 14,545 7.08% 15,899

Axis Gilt Fund - Direct Plan - Growth 0.74% 10,074 6.06% 11,933 7.74% 14,521 6.73% 14,620 01-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 2.17% 10,217 6.21% 11,984 7.78% 14,545 6.76% 14,645Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 33 schemes. Please refer to annexure on Page 37 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendOct 25, 2018 3.5657 3.3018 1,012.4113 1007.4611 3.9305 3.6389 1,012.9178 1007.4622Aug 27, 2018 5.0066 6.6666 1,014.4117 1,007.4611 5.2203 4.8344 1,014.7100 1007.4622July 25, 2018 5.5705 8.0000 1,015.1945 1,007.4611 5.7589 5.3328 1,015.4572 1007.4622


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 99.25




Reliance Industries Limited CRISIL AAA 10.43



Food Corporation Of IndiaCRISIL

AAA(SO)9.72









STATE GOVERNMENT BOND Sovereign 4.42


NET ASSETS 100%

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

1,333.10 Cr.


1,445.98 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*



8.56%



FUND MANAGER

Corporate Bond - 94.83% State Government Bond- 4.42% Total Money Market Instruments* - 0.75%

CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA & Equivalent - 95.58% SOV - 4.42%



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

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

NIL

EXIT LOAD

23

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Banking & PSU Debt Fund - Growth 5.63% 10,563 7.15% 12,307 7.92% 14,644 8.14% 16,49608-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 3.13% 10,313 6.51% 12,088 7.95% 14,661 8.08% 16,446

NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,875Axis Banking & PSU Debt Fund - Direct Plan - Growth 5.92% 10,592 7.37% 12,384 8.14% 14,792 8.21% 15,848

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 3.13% 10,313 6.51% 12,088 7.95% 14,661 7.82% 15,518NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,237Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ̀ 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 5 schemes at Axis Mutual Fund. Please refer to annexure on Page 36-37 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).


Quick Take - Equity

•

•

•

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

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

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

Quick Take - Fixed Income••••

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

INR is now fairly valued on a REER basis. RBI remains cautious of steep corrections.Oil and Rupee stability is a sentimental positive for the economy.

10 yr G-Sec : Last 1 year

7.85%

6.89%

0.5%

Key highlights

HYBRIDOUTLOOK

NOVEMBER 2018

Market volatility continued in the month of October as external factors and weak global sentiment dragged markets lower. Frontline indices, S&P BSE Sensex & NIFTY 50 were down 5% for the month. Mid and small caps outperformed large caps for the first time in 3 months. NIFTY Midcap 100 Index was up 0.2% & NIFTY Small cap 100 Index was down 1.5%.

Foreign Portfolio Investors (FPI) continued to sell across equity and debt markets. For the month of October, FPI’s withdrew Rs 28,921 Cr in equity and Rs. 9,978 Cr from debt markets. Domestic mutual funds continue to support markets as retail investors remain bullish on the equity market story. SIP`s continue to sustain despite market volatility highlighting maturity of domestic investors.

• Currency & Oil: Higher US inventories coupled with potential increases in supply from Saudi Arabia and Russia pushed Crude prices downward. Crude has now fallen approx. US$10/bl from its peak. This is a significant sentiment booster for the Indian economy. The INR also saw some strengthening on the back of positives on the crude front. The INR ended the month at Rs 73.96/US$.

• 10 Year at 7.85%: The benchmark yield on the 10 Year G-Sec fell 17bps during the month from 8.02% to 7.85%. Bond markets continued to remain volatile as recoveries in crude and the currency gave the markets some respite in an otherwise volatile environment. However, FPI`s continued to remain sellers in the debt markets adding to pressures on spreads.

• Banking Liquidity: Banking liquidity tightened during the month on account of advance tax and GST payments. Further forex intervention by RBI and increasing currency in circulation on account of the forthcoming festive season added to liquidity tightness. The RBI on its part conducted OMO`s of Rs. 36,000 Cr to alleviate system liquidity pressures. Further it has scheduled OMO`s worth Rs. 40,000 Cr in November.

Key Events During the Month

24

Source: Bloomberg, Axis MF Research.



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 25, 2018 0.0553 0.0553 10.2925 10.2300 0.0553 0.0553 10.6725 10.6100Sep 25, 2018 0.0553 0.0553 10.7425 10.6800 0.0553 0.0553 11.1325 11.0700

Monthly Dividend Aug 27, 2018 0.0553 0.0553 11.2453 11.1900 0.0553 0.0553 11.6353 11.5800

Quarterly DividendSep 25, 2018 0.1660 0.1660 10.8975 10.7100 0.1660 0.1660 11.2975 11.1100Jun 25, 2018 0.1660 0.1660 11.0100 10.8200 0.1660 0.1660 11.3800 11.1900Mar 26, 2018 0.1875 0.1875 10.7975 10.6100 0.1875 0.1875 11.1175 10.9300Dec 26, 2017 0.1875 0.1875 10.9975 10.8100 0.1875 0.1875 11.2975 11.1100


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 31.40TOTAL FIXED DEPOSIT 8.60CORPORATE BOND 16.07ICICI Bank Limited ICRA AA+ 3.40Reliance Industries Limited CRISIL AAA 2.54Punjab National Bank IND A+ 2.42Piramal Capital & Housing Finance Limited ICRA AA+ 1.74Dewan Housing Finance Corporation Limited BWR AAA 1.32Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.90

Power Grid Corporation of India Limited CRISIL AAA 0.66REC Limited CRISIL AAA 0.65Union Bank of India BWR AA 0.64NABARD CRISIL AAA 0.62Muthoot Finance Limited CRISIL AA 0.54Bank of Baroda CARE AA 0.26Syndicate Bank IND AA- 0.39GOVERNMENT BOND Sovereign 0.77OTHERS 5.96Reliance Jio Infocomm Limited CARE A1+ 3.34LIC Housing Finance Limited CRISIL A1+ 2.62TOTAL EQUITY 66.72TOTAL UNHEDGED EQUITY 39.29AUTO 1.23Maruti Suzuki India Limited 1.23AUTO ANCILLARIES 0.44Motherson Sumi Systems Limited 0.44BANKS 8.15Bandhan Bank Limited 1.40HDFC Bank Limited 4.09IndusInd Bank Limited 0.45Kotak Mahindra Bank Limited 2.22CEMENT 0.41JK Lakshmi Cement Limited 0.03Shree Cement Limited 0.37CONSTRUCTION PROJECT 1.41Larsen & Toubro Limited 0.60Voltas Limited 0.81CONSUMER NON DURABLES 4.57Britannia Industries Limited 1.83Hindustan Unilever Limited 1.82Nestle India Limited 0.92FINANCE 9.06Bajaj Finance Limited 2.38Cholamandalam Investment and Finance Company Limited

1.24

HDFC Limited 2.66Mahindra & Mahindra Financial Services Limited 1.22Sundaram Finance Holdings Limited 0.09Sundaram Finance Limited 1.47INDUSTRIAL PRODUCTS 0.41Cummins India Limited 0.41PETROLEUM PRODUCTS 3.35Reliance Industries Limited 3.35PHARMACEUTICALS 0.44Divi's Laboratories Limited 0.44SOFTWARE 7.12Infosys Limited 2.82Tata Consultancy Services Limited 3.40Tech Mahindra Limited 0.90TEXTILE PRODUCTS 2.10Page Industries Limited 1.22TCNS Clothing Co. Limited 0.88TRANSPORTATION 0.60Container Corporation of India Limited 0.60TOTAL HEDGED EQUITY 27.44Asian Paints Limited 0.14Punjab National Bank 0.14HDFC Bank Limited 0.15Coal India Limited 1.71Zee Entertainment Enterprises Limited 0.49Power Grid Corporation of India Limited 0.19Hindustan Unilever Limited 0.78Suzlon Energy Limited 0.02Aurobindo Pharma Limited 0.35Ashok Leyland Limited 0.06JSW Steel Limited 0.19Jaiprakash Associates Limited 0.16Hero MotoCorp Limited 1.02Godfrey Phillips India Limited 0.01Eicher Motors Limited 0.32Dr. Reddy's Laboratories Limited 1.45Maruti Suzuki India Limited 2.59Mahindra & Mahindra Financial Services Limited 5.11Tata Motors Limited 0.53Tata Consultancy Services Limited 0.26ITC Limited 0.08Britannia Industries Limited 0.27Century Textiles & Industries Limited 1.61ICICI Bank Limited 1.42Tata Chemicals Limited 0.13Mahindra & Mahindra Limited 0.37HDFC Limited 2.20Bharti Airtel Limited 0.28Yes Bank Limited 3.86Reliance Industries Limited 0.36IndusInd Bank Limited 1.16DEBT, CASH & OTHER RECEIVABLES 1.87NET ASSET 100% ^Commercial Paper, PTC and Derivatives

DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

742.24 Cr.


743.88 Cr.

BENCHMARK

NIFTY50 Equity Savings Index%

(% w.e.f. 16th July, 2018)

Mr. Anupam TiwariWork experience: 13 years.

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



FUND MANAGER

Unhedged Equity - 39.29% Debt, Cash and Other Receivables* - 33.28% Hedged Equity - 27.44%

CARE A1+/ CRISIL A1+/ BWR AAA/ CRISIL AAA & Equivalent- 13.63% ICRA AA+ - 6.04% IND A+- 2.42% CARE AA/ CRISIL AA/ BWR AA - 1.43% SOV - 0.77% IND AA- - 0.39%


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

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

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

25

AVERAGE MATURITY@*


@*


9.11%PORTFOLIO TURNOVER# (1 YEAR)

4.87 times

DIVIDENDS



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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Equity Saver Fund - Growth 3.44% 10,344 6.17% 11,972 - - 5.89% 12,020

14-Aug-15NIFTY50 Equity Savings Index(Benchmark)

4.11% 10,411 7.84% 12,546 - - 7.05% 12,450

Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 - - 7.74% 12,709Axis Equity Saver Fund - Direct Plan - Growth

4.61% 10,461 7.43% 12,403 - - 7.16% 12,490

14-Aug-15NIFTY50 Equity Savings Index(Benchmark)

4.11% 10,411 7.84% 12,546 - - 7.05% 12,450

Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 - - 7.74% 12,709Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 6 schemes & R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 36 & 37 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.



PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 25.72



Shriram Transport Finance Company Limited CRISIL AA+ 1.71






Tata Power Company Limited IND AA 1.16


ICICI Bank Limited ICRA AA+ 0.97

NABARD IND AAA 0.82






Larsen & Toubro Limited CRISIL AAA 0.04



Piramal Enterprises Limited ICRA AA 0.41


UltraTech Cement Limited CRISIL AAA 0.22


TMF Holdings Limited CRISIL AA 0.61Cholamandalam Investment and Finance Company Limited

ICRA AA+ 0.34

OTHERS 4.23


JM Financial Products Limited ICRA A1+ 2.03

TOTAL EQUITY 67.09

TOTAL UNHEDGED EQUITY 47.42

AUTO 1.53




MRF Limited 0.85



BANKS 9.25




IndusInd Bank Limited 0.31


CEMENT 1.33

ACC Limited 0.48


CONSTRUCTION PROJECT 0.85



Amber Enterprises India Limited 0.48





FINANCE 10.75

Bajaj Finance Limited 3.07Cholamandalam Investment and Finance Company Limited

1.31

HDFC Limited 1.99

Mahindra & Mahindra Financial Services Limited 2.00

Mas Financial Services Limited 0.28

Max Financial Services Limited 0.19

Sundaram Finance Holdings Limited 0.10








SOFTWARE 7.33



Tech Mahindra Limited 0.76



TCNS Clothing Co. Limited 0.95

TOTAL HEDGED EQUITY 19.68

DEBT, CASH & OTHER RECEIVABLES 7.19

NET ASSET 100%

^Commercial Paper, Certificate of Deposit and Derivatives

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

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

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

26

CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ IND AAA & Equivalent - 17.88% CRISIL AA/ ICRA AA/ IND AA - 5.23% CRISIL AA+/ ICRA AA+ - 3.22% CARE AA-/ CRISIL AA-/ ICRA AA- - 2.46%

COMPOSITION BY RATING (%)

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,454.60 Cr.


2,437.00 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY*



8.87%

Mr. Anupam TiwariWork experience: 13 years.


Mr. Ashwin PatniWork experience: 16 years.


FUND MANAGER

Mr. R. Sivakumar Work experience: 20 years.


EXIT LOAD


Unhedged Equity - 47.42% Debt, Cash and Other Receivables*- 32.91% Hedged Equity £ - 19.68%

COMPOSITION BY ASSETS (%)


£ Hedged equity exposure is calculated using the notional exposure of index options.



Period 1 Year Since Inception

CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Dynamic Equity Fund - Growth 1.57% 10,157 3.03% 10,3801-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 2.09% 10,209 2.90% 10,363

Nifty 50 (Additional Benchmark) 1.91% 10,191 3.48% 10,437Axis Dynamic Equity Fund - Direct Plan - Growth 3.41% 10,341 4.85% 10,610

1-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 2.09% 10,209 2.90% 10,363Nifty 50 (Additional Benchmark) 1.91% 10,191 3.48% 10,437Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since inception and he manages 6 schemes , R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Ashwin Patni is managing the scheme since inception and he manages 21 schemes. Please refer to annexure on Page 36 & 37 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.


PORTFOLIO

MONTHLY AVERAGE

2,179.37 Cr.


2,181.14 Cr.

BENCHMARK

CRISIL Hybrid 35+65 - Aggres-

sive Index

AXIS EQUITY HYBRID FUND

27

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

The Scheme does not assure or guarantee any returns.

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

Mr. Shreyash Devalkar Work experience: 17 years.


Mr. Ashish Naik Work experience: 11 years.




FUND MANAGER

DATE OF ALLOTMENT

9th August 2018

EXIT LOAD

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


Rating % OF ASSETSTOTAL DEBT 11.33








OTHERS 5.62



Sun Pharmaceutical Industries Limited ICRA A1+ 1.14

BANKS 13.78





FINANCE 10.92

HDFC Limited 3.51






HDFC Standard Life Insurance Company Limited 0.59

SOFTWARE 9.26





ITC LIMITED 2.25




AUTO 5.46



Hero MotoCorp Limited 0.72





Torrent Pharmaceuticals Limited 0.84






CEMENT 2.44


UltraTech Cement Limited 1.13

RETAILING 1.96




TRANSPORTATION 0.98

Container Corporation of India Limited 0.98

PESTICIDES 0.88

PI Industries Limited 0.88

CHEMICALS 0.79


OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.79

TOTAL EQUITY 65.75NET CURRENT ASSETS 17.30NET ASSETS 100%^Commercial Paper


Equity - 66.78% Total Money Market Instruments* - 21.89% Corporate Bond - 11.33%

CRISIL A1+/ ICRA A1+/ CARE AAA/ CRISIL AAA & Equivalent - 34.25



AVERAGE MATURITY*@

159 daysMODIFIED DURATION*@


7.35%

DEBT COMPONENT




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

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

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

Quarterly Dividend

Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Sep 25, 2018 - - - - 0.1800 0.1667 13.5143 13.2643Jun 25, 2018 0.1440 0.1334 10.8254 10.6254 0.1800 0.1667 13.7449 13.4949Mar 26, 2018 0.1805 0.1672 10.8963 10.6463 0.1805 0.1672 13.7410 13.4910

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

PORTFOLIO














Blue Dart Express Limited ICRA AA 0.02




OTHERS 6.52




TOTAL EQUITY 21.97

BANKS 4.25




FINANCE 3.64



HDFC Limited 0.78



SOFTWARE 2.60








AUTO 1.70



CEMENT 0.88








TRANSPORTATION 0.74




RETAILING 0.66


PESTICIDES 0.56


OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 1.60


NET ASSETS 100%

^Commercial Paper

DATE OF ALLOTMENT


300.62 Cr.


298.81 Cr.

AVERAGE MATURITY@*


@*

1yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

9.31%

Mr. Ashish NaikWork experience: 11 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt* - 78.03% Equity - 21.97%

CRISIL A1+/ BWR AAA/ CRISIL AAA/ IND AAA & Equivalent - 60.45% IND AA+ - 6.68% CRISIL AA/ ICRA AA - 5.10% CARE A+ - 3.66% ICRA AA-/ ICRA AA-(SO) - 2.15%



He has been managing this fund since 07th June 2016


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

AXIS REGULAR SAVER FUND£(FORMERLY KNOWN AS AXIS INCOME SAVER)

(An Open Ended Hybrid Scheme Investing Predominantly In Debt Instruments)

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

EXIT LOAD

DIVIDENDS

28

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index%

(% w.e.f. 16th July, 2018)


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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Growth 1.41% 10,141 5.61% 11,781 8.66% 15,153 7.72% 18,529

16-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark)

4.25% 10,425 8.04% 12,617 9.17% 15,512 8.77% 20,097

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark)

-0.40% 9,960 5.63% 11,789 7.19% 14,153 - -

Axis Regular Saver Fund - Direct Plan - Growth

2.59% 10,259 7.03% 12,267 10.23% 16,278 9.55% 17,008

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

4.25% 10,425 8.04% 12,617 9.17% 15,512 9.00% 16,520


-0.40% 9,960 5.63% 11,789 7.19% 14,153 6.18% 14,179

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 33 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 36 & 37 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).



Unhedged Equity - 65.45% Debt, Cash and Other Receivables* - 34.55%

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

AXIS CHILDREN’S GIFT FUND£

(An Open Ended Fund, For Investment For Children, Having A Lock-In Of 5 Years Or Till The Child Attains Age Of Majority (Whichever Is Earlier))INVESTMENT OBJECTIVE: The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments.

However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

29

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

EXIT LOAD


SOV - 10.95% CRISIL A1+/ CRISIL AAA & Equivalent - 9.98% CRISIL AA/ BWR AA - 4.68% ICRA AA+ - 3.89% ICRA AA-/ IND AA- - 2.92% CARE A+/ IND A+ - 1.59%

DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

368.56 Cr.


371.11 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY@*

2 yearsMODIFIED DURATION

@*


8.75%


He has been managing this fund since 6th July 2016


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

FUND MANAGER





ICICI Bank Limited ICRA AA+ 3.89









TMF Holdings Limited CRISIL AA 1.23

TREASURY BILL 8.24


BANKS 1.05


TOTAL EQUITY 65.45

TOTAL UNHEDGED EQUITY 65.45

AUTO 4.46








BANKS 11.85





CEMENT 2.38


CHEMICALS 2.34

Camlin Fine Sciences Limited 0.68


Sudarshan Chemical Industries Limited 0.52







FINANCE 11.88



HDFC Standard Life Insurance Company Limited 1.11

HDFC Limited 4.22



INDUSTRIAL CAPITAL GOODS 1.10




MEDIA & ENTERTAINMENT 1.39

PVR Limited 1.39

PESTICIDES 1.39




RETAILING 1.53


SOFTWARE 6.97






TRANSPORTATION 0.53

Blue Dart Express Limited 0.53


NET ASSETS 100%^ Derivatives

PORTFOLIO

@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. £Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.^ No fresh subscription allowed

Period 1 Year Since Inception

CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

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

-1.79% 9,821 6.52% 12,009

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark)

2.10% 10,210 10.53% 13,368

Nifty 50 (Additional Benchmark) 1.91% 10,191 12.38% 14,027Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth

-0.20% 9,980 8.25% 12,585


2.10% 10,210 10.53% 13,368

Nifty 50 (Additional Benchmark) 1.91% 10,191 12.38% 14,027Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth

-1.79% 9,821 6.52% 12,008


2.10% 10,210 10.53% 13,368

Nifty 50 (Additional Benchmark) 1.91% 10,191 12.38% 14,027Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth

-0.06% 9,994 8.56% 12,687


2.10% 10,210 10.53% 13,368

Nifty 50 (Additional Benchmark) 1.91% 10,191 12.38% 14,027Past 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 6 schemes & R. Sivakumar manages 7 schemes. Please refer to annexure on Page 36 for performance of all schemes managed by the fund managers.




PORTFOLIO

RATING % OF ASSETS

CORPORATE BOND 9.58



India Infrastructure Fin Co Ltd CRISIL AAA 0.97


Hindalco Industries Limited CRISIL AA 0.19


TREASURY BILL 3.33

91 DAYS TBILL Sovereign 3.33

GOVERNMENT BOND Sovereign 0.08

TOTAL EQUITY 67.22

BANKS 13.69




FINANCE 11.20

HDFC Limited 4.15



Gruh Finance Limited 2.01HDFC Standard Life Insurance Company Limited 0.58

SOFTWARE 7.98



INFOSYS LIMITED 1.78






AUTO 4.67







TRANSPORTATION 3.02


Blue Dart Express Limited 0.60



CEMENT 2.63




RETAILING 2.19


CHEMICALS 1.76

Camlin Fine Sciences Limited 0.92


PESTICIDES 1.22


MEDIA & ENTERTAINMENT 1.21

PVR Limited 1.21OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.28

EXCHANGE TRADED FUNDS 12.22

AXIS GOLD ETF 12.22


NET ASSETS 100%

^Treasury Bill

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

268.59 Cr.


269.66 Cr.

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

Index + 15% of INR Price of Gold%

(% w.e.f. 16th July, 2018)

AVERAGE MATURITY@*

2.4 years


He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER

Equity - 67.50% Debt* - 13.00% ETFs - 12.22%

CRISIL AAA & Equivalent - 16.08 % SOV - 3.42% CRISIL AA/BWR AA - 1.07%



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

AXIS TRIPLE ADVANTAGE FUND£

(An Open Ended Scheme Investing In Equity, Debt And Gold)

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

EXIT LOAD

30



Regular Plan

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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

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

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Triple Advantage Fund - Growth -2.39% 9,761 5.23% 11,654 6.51% 13,710 7.16% 17,619

23-Aug-10

65% of Nifty 50 + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold (Benchmark)

3.19% 10,319 9.18% 13,021 9.96% 16,081 8.92% 20,136


-0.40% 9,960 5.63% 11,789 7.19% 14,153 - -

Axis Triple Advantage Fund - Direct Plan - Growth

-1.45% 9,855 6.39% 12,045 7.70% 14,496 6.92% 14,773

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

3.19% 10,319 9.18% 13,021 9.96% 16,081 9.27% 16,772


-0.40% 9,960 5.63% 11,789 7.19% 14,153 6.26% 14,247

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 7 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 36 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.


MODIFIED DURATION@*



0.79 times



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

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

Dividend

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

Aug 23, 2018 0.04 0.04 10.4998 10.4555 0.04 0.04 10.9912 10.9469

July 19, 2018 0.04 0.04 10.4950 10.4507 0.04 0.04 10.9752 10.9309Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.

PORTFOLIO

% OF ASSETS

TOTAL EQUITY 68.54

TOTAL HEDGE EQUITY 68.54

HDFC Limited 9.39








Cadila Healthcare Limited 2.45



Tata Steel Limited 2.14


Century Textiles & Industries Limited 1.92



ITC Limited 1.47



Colgate Palmolive (India) Limited 1.21


United Spirits Limited 0.88

Capital First Limited 0.69


IDBI Bank Limited 0.64

Punjab National Bank 0.60

Yes Bank Limited 0.49

Biocon Limited 0.42

HCL Technologies Limited 0.30

TV18 Broadcast Limited 0.28

Escorts Limited 0.27

Bank of Baroda 0.25

Adani Power Limited 0.25

Reliance Infrastructure Limited 0.21

Wipro Limited 0.20

Bharat Electronics Limited 0.20

The Karnataka Bank Limited 0.19


Bharat Financial Inclusion Limited 0.14

Suzlon Energy Limited 0.13

DLF Limited 0.11

Union Bank of India 0.10

CG Power and Industrial Solutions Limited 0.10

IRB Infrastructure Developers Limited 0.09

Jain Irrigation Systems Limited 0.09

Jaiprakash Associates Limited 0.08

Vodafone Idea Limited 0.07

Bharti Airtel Limited 0.05


Grasim Industries Limited 0.01

Adani Ports and Special Economic Zone Limited 0.01

Tata Motors Limited 0.01

Kajaria Ceramics Limited 0.01

Total Unhedged Equity 0.01

Retailing 0.00

RP SG Retail Limited 0.003

Granules India Limited 0.002

Software 0.002

RP SG Business Process Services Limited 0.002


NET ASSETS 100%

DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

1,967.80 Cr.


2,014.49 Cr.

BENCHMARK

Nifty 50 Arbitrage Index

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

27th April 2015

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

inception.

FUND MANAGER

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

(An Open Ended Scheme Investing In Arbitrage Opportunities )

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

EXIT LOAD

31

AVERAGE MATURITY*@

86 daysMODIFIED DURATION*@



12.12 times



DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Arbitrage Fund - Growth 6.21% 10,621 6.10% 11,948 - - 6.56% 13,071

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.90% 10,490 5.26% 11,666 - - 6.05% 12,810NIFTY 1 Year T-Bill Index (Additional Benchmark)

6.63% 10,663 6.93% 12,232 - - 7.46% 13,545

Axis Arbitrage Fund - Direct Plan - Growth 7.09% 10,709 6.98% 12,247 - - 7.45% 13,53814-Aug-14Nifty 50 Arbitrage Index (Benchmark) 4.90% 10,490 5.26% 11,666 - - 6.05% 12,810

NIFTY 1 Year T-Bill Index (Additional Benchmark)

6.63% 10,663 6.93% 12,232 - - 7.46% 13,545

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 33 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 21 schemes. Please refer to annexure on Page 37 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).


32

Axis Bluechip Fund£ - Growth Option

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

Total Amount Invested 10,50,000 6,00,000 3,60,000 1,20,000Market value as on October 31, 2018 18,06,809 7,74,298 4,16,443 1,15,859Returns (Annualised) 12.03% 10.14% 9.69% -6.33%Benchmark Returns (Annualised) 10.69% 9.67% 9.78% -3.97%Additional Benchmark Returns (Annualised) 10.91% 10.01% 10.92% -1.80%

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

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

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

Axis Long Term Equity Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP


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


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

Axis Focused 25 Fund - Growth Option

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


^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 OptionSIP Investments Since Inception SIP 3 Year SIP 1 Year SIP

Total Amount Invested 3,80,000 3,60,000 1,20,000Market value as on October 31, 2018 4,18,208 3,93,903 1,19,791Returns (Annualised) 5.99% 5.93% -0.32%Benchmark Returns (Annualised) 7.39% 7.31% 2.22%Additional Benchmark Returns (Annualised) 9.89% 9.78% -3.97%

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

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index. Additional Benchmak: Nifty 50. Inception Date: August 1, 2017. This scheme is managed by Anupam Tiwari, R. Sivakumar & Ashwin Patni. Please refer to the Annexure for returns of all the schemes managed by them. SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.

Axis Triple Advantage Fund - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested 9,80,000 6,00,000 3,60,000 1,20,000

Market value as on October 31, 2018 12,69,226 6,73,871 3,74,391 1,13,898

Returns (Annualised) 6.21% 4.59% 2.56% -9.29%

Benchmark Returns (Annualised) 9.32% 8.60% 8.36% -0.13%

Additional Benchmark Returns (Annualised) NA 5.82% 3.42% 3.96%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Regular Saver Fund£ - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested 9,90,000 6,00,000 3,60,000 1,20,000

Market value as on October 31, 2018 13,67,028 7,02,760 3,85,986 1,19,273

Returns (Annualised) 7.66% 6.26% 4.58% -1.12%

Benchmark Returns (Annualised) 8.85% 7.98% 7.28% 3.10%

Additional Benchmark Returns (Annualised) NA 5.82% 3.40% 3.91%

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

Axis Dynamic Equity Fund - Growth OptionSIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 1,50,000 1,20,000Market value as on October 31, 2018 1,48,969 1,17,963Returns (Annualised) -1.03% -3.13%Benchmark Returns (Annualised) 1.12% -0.16%Additional Benchmark Returns (Annualised) -0.89% -3.97%

NAV

33

Option NAV (`)Dividend 14.75Growth 25.17Direct Plan - Dividend 15.97Direct Plan - Growth 26.93


Option NAV (`)Dividend Option 17.54Growth Option 25.17Direct Plan - Dividend 26.64Direct Plan - Growth 26.98

Option NAV (`)Dividend 10.17Growth 10.17Direct Dividend 10.33Direct Growth 10.34



Axis Bluechip Fund£ (Formerly Known As Axis Equity Fund)

Axis Liquid Fund

Axis Dynamic Bond Fund

Axis Banking & PSU Debt Fund

Axis Gilt Fund£

(Formerly Known As Axis Constant Maturity 10 Year Fund)

Axis Treasury Advantage Fund

Axis Corporate Debt Fund£ (Formerly Known As Axis Corporate Debt

Opportunities Fund)

Axis Short Term Fund

Axis Strategic Bond Fund£ (Formerly Known As Axis Regular Savings Fund)

Axis Long Term Equity Fund

Axis Focused 25 Fund

Axis Multicap Fund

Axis Midcap Fund

Axis Arbitrage Fund (Formerly Known As Axis Enhanced Arbitrage Fund)

Option NAV (`)Daily Dividend 1001.3998Growth 2002.9011Monthly Dividend 1002.0878Weekly Dividend 1002.4966Retail Daily Dividend 1000.9559Retail Growth 1895.1710Retail Monthly Dividend 1001.3941Retail Weekly Dividend 1000.9967Direct Bonus 2010.5223Direct plan - Daily Dividend Option 1000.9560Direct plan - Growth Option 2010.6353Direct plan - Monthly Dividend Option 1001.5024Direct plan - Weekly Dividend Option 1002.5018

Option NAV (`)Growth 17.9586Half Yearly Dividend 10.4041Quarterly Dividend 10.2353Direct Plan - Growth option 19.1597Direct Plan - Half Yearly Dividend option 11.1800Direct Plan - Quarterly Dividend option 10.4928

Option NAV (`)Growth 13.9655Monthly Dividend 10.0923Weekly Dividend 10.1642Direct Growth 14.6721Direct Monthly Dividend 10.0394Direct Weekly Dividend 10.2449

Option NAV (`)Daily Dividend 1008.0388Growth 1649.6243Monthly Dividend 1009.0692Weekly Dividend 1007.8514Direct Plan - Daily Dividend option 1008.0388Direct Plan - Growth option 1668.5441Direct Plan - Monthly Dividend option 1009.1856Direct Plan - Weekly Dividend option 1007.8668

Option NAV (`)Growth 15.1573Half Yearly Dividend 10.3727Regular Dividend 10.0289Direct Plan - Growth option 15.6230Direct Plan - Regular Dividend option 10.0310

Option NAV (`)Daily Dividend 1006.2334Growth 2008.0660Monthly Dividend 1006.3940Weekly Dividend 1006.3216Retail Daily Dividend 1005.4758Retail Growth 1879.1720Retail Monthly Dividend 1006.3910Retail Weekly Dividend 1004.9213Direct Plan - Daily Dividend option 1007.2893Direct Plan - Growth option 2060.4708Direct Plan - Monthly Dividend option 1006.4741Direct Plan - Weekly Dividend option 1004.9467

Option NAV (`)Regular Plan Regular Dividend 10.8773Regular Plan Daily Dividend 10.0727Regular Plan Growth 10.8767Regular Plan Monthly Dividend 10.0565Regular Plan Weekly Dividend 10.0524Direct Plan Regular Dividend 11.0001Direct Plan Daily Dividend 10.0793Direct Plan Growth 11.0027Direct Plan Monthly Dividend 10.0577Direct Plan Weekly Dividend 10.0528

Option NAV (`)Bonus 19.4765Growth 19.3656Monthly Dividend 10.1613Weekly Dividend Option 10.2479Regular Dividend Option 12.9553Retail Growth 19.1471Retail Monthly Dividend 10.0265Retail Weekly Dividend Option 10.1563Direct Plan - Regular Dividend Option 12.3488Direct Plan - Growth option 20.2660Direct Plan - Monthly Dividend option 10.0301Direct Plan - Weekly Dividend option 10.2481

Option NAV (`)Growth 17.3802Half Yearly Dividend 10.4772Quarterly Dividend 10.1621Direct Plan - Growth option 18.2536Direct Plan - Half Yearly Dividend option 10.8199Direct Plan - Quarterly Dividend option 10.7465

Equity Funds (as on 31st October 2018)

Debt Funds (as on 31st October 2018)

Option NAV (`)Regular Plan Regular Dividend 10.0988Regular Plan Daily Dividend 10.0200Regular Plan Growth 10.0987Regular Plan Monthly Dividend 10.0282Regular Plan Weekly Dividend 10.0540Direct Plan Regular Dividend 10.1112Direct Plan Daily Dividend 10.0200Direct Plan Growth 10.1108Direct Plan Monthly Dividend 10.0317Direct Plan Weekly Dividend 10.0545

Axis Ultra Short Term Fund

Axis Credit Risk Fund£ (Formerly Known As Axis Fixed Income Opportunities Fund)

NAV

34

Option NAV (`)Regular Regular Dividend 9.35Regular Growth 9.35Regular Monthly Dividend 9.35Regular Quarterly Dividend 9.35Direct Regular Dividend 9.39Direct Growth 9.39Direct Monthly Dividend 9.39Direct Quarterly Dividend 9.39

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund£

(Formerly Known As Axis Income Saver Fund)

Option NAV (`)Regular Dividend 11.67Growth 12.02Monthly Dividend 10.37Quarterly Dividend 10.45Direct Regular Dividend 11.60Direct Growth 12.49Direct Monthly Dividend 10.75Direct Quarterly Dividend 10.86

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 12.5785Direct Plan - No Lock-In - Growth 12.6866No Lock-In - Dividend 12.0129No Lock-In - Growth 12.0080Compulsory Lock-In - Dividend 12.0153Compulsory Lock-In - Growth 12.0089Dir Plan - Comp Lock-In - Dividend 12.5786Dir Plan - Comp Lock-In - Growth 12.5846

Axis Dynamic Equity Fund


Option NAV (`)Growth Option 18.5290Dividend Option - Half Yearly 10.5211Dividend Option - Quarterly 10.4979Dividend Option - Annual 11.5139Direct Plan - Growth option 20.0211Direct Plan - Half Yearly Dividend option 11.2558Direct Plan - Quarterly Dividend option 13.1333Direct Plan - Annual Dividend option 12.2455

Axis Triple Advantage Fund


Hybrid Funds (as on 31st October 2018)

Fund Name Entry Load

Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount / in Multip-

ules of (`)

Minimum Installments

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Axis Liquid Fund NA Growth Option: `500 and in

multiples of ` 1/- thereafterAll other

Options:` 5,000 and in multiples of `1/- thereafter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- -

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

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

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

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

LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS

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

35

£Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid schemes effective from May 18, 2018.

1 Year 3 Years 5 Years Since Inception

Date of inception CAGR (%) CurrentValue of

Investmentof ` 10,000

CAGR (%) CurrentValue of


CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 6 SCHEMES)Axis Bluechip Fund - Growth

05-Jan-102.78% 10,278 9.75% 13,226 13.26% 18,644 11.03% 25,170

Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 9.31% 21,942S&P BSE Sensex (Additional Benchmark) 4.91% 10,491 10.33% 13,436 11.75% 17,430 9.44% 22,164Axis Bluechip Fund - Direct Plan - Growth

01-Jan-134.26% 10,426 11.07% 13,712 14.60% 19,772 14.57% 22,110

Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792S&P BSE Sensex (Additional Benchmark) 4.91% 10,491 10.33% 13,436 11.75% 17,430 11.76% 19,124Axis Midcap Fund - Growth

18-Feb-114.66% 10,466 9.97% 13,307 21.53% 26,520 17.07% 33,680

S&P BSE Midcap (Benchmark) -11.06% 8,894 11.25% 13,775 20.48% 25,401 12.26% 24,382Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 10.09% 20,977Axis Midcap Fund - Direct Plan - Growth

01-Jan-135.75% 10,575 11.21% 13,763 23.04% 28,216 18.06% 26,340

S&P BSE Midcap (Benchmark) -11.06% 8,894 11.25% 13,775 20.48% 25,401 14.41% 21,927Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792Axis Equity Advantage Fund - Series 1 - Growth@

25-May-172.56% 10,256 NA NA NA NA 5.58% 10,810

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 2.00% 10,200 NA NA NA NA 7.02% 11,023Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 8.06% 11,177Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@

25-May-174.24% 10,424 NA NA NA NA 7.34% 11,070

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 2.00% 10,200 NA NA NA NA 7.02% 11,023Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 8.06% 11,177Axis Equity Advantage Fund - Series 2 - Growth@

03-Aug-174.73% 10,473 NA NA NA NA 3.20% 10,400

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 2.00% 10,200 NA NA NA NA 3.78% 10,472Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 4.33% 10,541Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@

03-Aug-176.82% 10,682 NA NA NA NA 5.19% 10,650

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 2.00% 10,200 NA NA NA NA 3.78% 10,472Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 4.33% 10,541

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

29-Dec-090.53% 10,053 9.01% 12,959 19.94% 24,834 17.00% 40,083

S&P BSE 200 (Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 9.96% 23,149Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 9.51% 22,323Axis Long Term Equity Fund - Direct Plan - Growth*

01-Jan-131.56% 10,156 10.19% 13,386 21.35% 26,333 19.83% 28,732

S&P BSE 200 (Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 12.33% 19,698Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792Axis Focused 25 Fund - Growth

29-Jun-120.64% 10,064 12.85% 14,383 15.65% 20,699 15.67% 25,170

Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 12.65% 21,291S&P BSE 200 (Additional Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 13.80% 22,704Axis Focused 25 Fund - Direct Plan - Growth

01-Jan-131.77% 10,177 14.18% 14,898 17.04% 21,971 15.47% 23,139

Nifty 50 (Benchmark) 1.91% 10,191 10.22% 13,396 11.89% 17,546 11.42% 18,792S&P BSE 200 (Additional Benchmark) -0.98% 9,902 10.67% 13,560 13.76% 19,058 12.33% 19,698Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec -16-2.93% 9,707 NA NA NA NA 8.31% 11,580

S&P BSE Midcap (Benchmark) -11.06% 8,894 NA NA NA NA 13.07% 12,534Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 16.08% 13,155Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan@

- Growth29-Dec -16

-1.41% 9,859 NA NA NA NA 10.03% 11,920

S&P BSE Midcap (Benchmark) -11.06% 8,894 NA NA NA NA 13.07% 12,534Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 16.08% 13,155

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

14-Aug-153.44% 10,344 6.17% 11,972 NA NA 5.89% 12,020

NIFTY 50 Equity Savings Index (Benchmark) 4.11% 10,411 7.84% 12,546 NA NA 7.05% 12,450Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 NA NA 7.74% 12,709Axis Equity Saver Fund - Direct Plan - Growth@

14-Aug-154.61% 10,461 7.43% 12,403 NA NA 7.16% 12,490

NIFTY 50 Equity Savings Index (Benchmark) 4.11% 10,411 7.84% 12,546 NA NA 7.05% 12,450Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 NA NA 7.74% 12,709Axis Triple Advantage Fund - Growth

23-Aug-10-2.39% 9,761 5.23% 11,654 6.51% 13,710 7.16% 17,619

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 3.19% 10,319 9.18% 13,021 9.96% 16,081 8.92% 20,136NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 NA NAAxis Triple Advantage Fund - Direct Plan Growth

01-Jan-13-1.45% 9,855 6.39% 12,045 7.70% 14,496 6.92% 14,773

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 3.19% 10,319 9.18% 13,021 9.96% 16,081 9.27% 16,772NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 6.26% 14,247Axis Dynamic Bond Fund - Growth

27-Apr-112.61% 10,261 6.50% 12,083 8.12% 14,781 8.10% 17,959

NIFTY Composite Debt Index (Benchmark) 1.67% 10,167 6.31% 12,020 8.14% 14,791 7.93% 17,747NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 6.66% 16,233Axis Dynamic Bond Fund - Direct Plan - Growth

01-Jan-133.53% 10,353 7.49% 12,424 9.33% 15,624 8.90% 16,440

NIFTY Composite Debt Index (Benchmark) 1.67% 10,167 6.31% 12,020 8.14% 14,791 7.58% 15,312NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 6.26% 14,247Axis Capital Protection Oriented Fund - Series 5 #

02-Nov-12-0.56% 9,944 4.87% 11,535 7.12% 14,105 7.17% 15,152

Crisil Hybrid 85+15 - Conservative Index (Benchmark) 1.47% 10,147 7.48% 12,421 9.48% 15,731 8.85% 16,630NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.51% 15,438Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-15-1.79% 9,821 NA NA NA NA 6.52% 12,009

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368

Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-15-0.20% 9,980 NA NA NA NA 8.25% 12,585

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-15-1.79% 9,821 NA NA NA NA 6.52% 12,008

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-15-0.06% 9,994 NA NA NA NA 8.56% 12,687

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Dynamic Equity Fund - Growth

1-Aug-171.57% 10,157 NA NA NA NA 3.03% 10,380

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 2.09% 10,209 NA NA NA NA 2.90% 10,363Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 3.48% 10,437Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-173.41% 10,341 NA NA NA NA 4.85% 10,610

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 2.09% 10,209 NA NA NA NA 2.90% 10,363Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 3.48% 10,437

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

23-Aug-10-2.39% 9,761 5.23% 11,654 6.51% 13,710 7.16% 17,619

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 3.19% 10,319 9.18% 13,021 9.96% 16,081 8.92% 20,136NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 NA NAAxis Triple Advantage Fund - Direct Plan Growth

01-Jan-13-1.45% 9,855 6.39% 12,045 7.70% 14,496 6.92% 14,773

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 3.19% 10,319 9.18% 13,021 9.96% 16,081 9.27% 16,772NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 6.26% 14,247Axis Regular Saver Fund£ - Growth #

16-Jul-101.41% 10,141 5.61% 11,781 8.66% 15,153 7.72% 18,529

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 4.25% 10,425 8.04% 12,617 9.17% 15,512 8.77% 20,097NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 NA NAAxis Regular Saver Fund£ - Direct Plan - Growth #

04-Jan-132.59% 10,259 7.03% 12,267 10.23% 16,278 9.55% 17,008

NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 4.25% 10,425 8.04% 12,617 9.17% 15,512 9.00% 16,520NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -0.40% 9,960 5.63% 11,789 7.19% 14,153 6.18% 14,179Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@

08-Dec-15-1.79% 9,821 NA NA NA NA 6.52% 12,009

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@

08-Dec-15-0.20% 9,980 NA NA NA NA 8.25% 12,585

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@

08-Dec-15-1.79% 9,821 NA NA NA NA 6.52% 12,008

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027

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

36






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@

08-Dec-15-0.06% 9,994 NA NA NA NA 8.56% 12,687

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 2.10% 10,210 NA NA NA NA 10.53% 13,368Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 12.38% 14,027Axis Nifty ETF

03-Jul-171.89% 10,189 NA NA NA NA 8.29% 11,116

Nifty 50 (Benchmark) 1.91% 10,191 NA NA NA NA 7.50% 11,009FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 5 SCHEMES)

Axis Liquid Fund - Growth09-Oct-09

7.25% 10,725 7.26% 12,342 7.90% 14,629 7.96% 20,029NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 7.90% 19,930NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,230 7.57% 14,407 6.82% 18,183Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.31% 10,731 7.33% 12,367 7.97% 14,677 8.15% 15,795

NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 7.95% 15,631NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,230 7.57% 14,407 7.49% 15,242Axis Liquid Fund - Retail Plan - Growth

01-Mar-106.63% 10,663 6.67% 12,140 7.33% 14,244 7.65% 18,952

NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 8.11% 19,664NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,230 7.57% 14,407 6.96% 17,921Axis Treasury Advantage Fund - Growth

09-Oct-096.49% 10,649 7.19% 12,321 7.83% 14,582 7.99% 20,081

NIFTY Low Duration Debt Index (Benchmark) 6.52% 10,652 7.30% 12,358 8.04% 14,721 8.21% 20,451NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 6.82% 18,183Axis Treasury Advantage Fund - Direct Plan - Growth

01-Jan-137.05% 10,705 7.72% 12,506 8.34% 14,930 8.54% 16,126

NIFTY Low Duration Debt Index (Benchmark) 6.52% 10,652 7.30% 12,358 8.04% 14,721 8.14% 15,787NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,237Axis Treasury Advantage Fund - Retail Plan - Growth

03-Mar-106.24% 10,624 6.71% 12,154 7.25% 14,192 7.55% 18,792

NIFTY Low Duration Debt Index (Benchmark) 6.52% 10,652 7.30% 12,358 8.04% 14,721 8.33% 20,004NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 6.96% 17,918Axis Banking & PSU Debt Fund - Growth

08-Jun-125.63% 10,563 7.15% 12,307 7.92% 14,644 8.14% 16,496

NIFTY Banking & PSU Debt Index (Benchmark) 3.13% 10,313 6.51% 12,088 7.95% 14,661 8.08% 16,446NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,875Axis Banking & PSU Debt Fund - Direct Plan - Growth

01-Jan-135.92% 10,592 7.37% 12,384 8.14% 14,792 8.21% 15,848

NIFTY Banking & PSU Debt Index (Benchmark) 3.13% 10,313 6.51% 12,088 7.95% 14,661 7.82% 15,518NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.49% 15,237

FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Equity Saver Fund - Growth@

14-Aug-153.44% 10,344 6.17% 11,972 NA NA 5.89% 12,020

NIFTY50 Equity Savings Index (Benchmark) 4.11% 10,411 7.84% 12,546 NA NA 7.05% 12,450Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 NA NA 7.74% 12,709Axis Equity Saver Fund - Direct Plan - Growth @

14-Aug-154.61% 10,461 7.43% 12,403 NA NA 7.16% 12,490

NIFTY50 Equity Savings Index (Benchmark) 4.11% 10,411 7.84% 12,546 NA NA 7.05% 12,450Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 NA NA 7.74% 12,709Axis Small Cap Fund - Growth@@

29-Nov-13-6.21% 9,379 8.94% 12,936 NA NA 20.95% 25,510

Nifty Smallcap 100 (Benchmark) -28.39% 7,161 5.17% 11,637 NA NA 15.18% 20,052Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 NA NA 12.54% 17,893Axis Small Cap Fund - Direct Plan - Growth@@

29-Nov-13-5.14% 9,486 10.16% 13,375 NA NA 22.31% 26,950

Nifty Smallcap 100 (Benchmark) -28.39% 7,161 5.17% 11,637 NA NA 15.18% 20,052Nifty 50 (Additional Benchmark) 1.91% 10,191 10.22% 13,396 NA NA 12.54% 17,893Axis Dynamic Equity Fund - Growth

1-Aug-171.57% 10,157 NA NA NA NA 3.03% 10,380

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 2.09% 10,209 NA NA NA NA 2.90% 10,363Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 3.48% 10,437Axis Dynamic Equity Fund - Direct Plan - Growth

1-Aug-173.41% 10,341 NA NA NA NA 4.85% 10,610

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 2.09% 10,209 NA NA NA NA 2.90% 10,363Nifty 50 (Additional Benchmark) 1.91% 10,191 NA NA NA NA 3.48% 10,437Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@

29-Dec-16-2.93% 9,707 NA NA NA NA 8.31% 11,580

S&P BSE MidCap TRI (Benchmark) -11.06% 8,894 NA NA NA NA 13.07% 12,534Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 16.08% 13,155Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan@ - Growth

29-Dec-16

-1.41% 9,859 NA NA NA NA 10.03% 11,920

S&P BSE MidCap TRI (Benchmark) -11.06% 8,894 NA NA NA NA 13.07% 12,534Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 16.08% 13,155Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Growth@

27-Feb-17-2.68% 9,732 NA NA NA NA 7.23% 11,240

S&P BSE MidCap TRI (Benchmark) -11.06% 8,894 NA NA NA NA 5.93% 11,012Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 11.35% 11,971Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan@ - Growth

27-Feb-17

-1.20% 9,880 NA NA NA NA 8.93% 11,540

S&P BSE MidCap TRI (Benchmark) -11.06% 8,894 NA NA NA NA 5.93% 11,012Nifty 50 TRI (Additio-l Benchmark) 1.91% 10,191 NA NA NA NA 11.35% 11,971

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Arbitrage Fund - Growth

14-Aug-146.21% 10,621 6.10% 11,948 NA NA 6.56% 13,071

Nifty 50 Arbitrage Index (Benchmark) 4.90% 10,490 5.26% 11,666 NA NA 6.05% 12,810NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.46% 13,545Axis Arbitrage Fund - Direct Plan - Growth

14-Aug-147.09% 10,709 6.98% 12,247 NA NA 7.45% 13,538

Nifty 50 Arbitrage Index (Benchmark) 4.90% 10,490 5.26% 11,666 NA NA 6.05% 12,810NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.46% 13,545Axis Hybrid Fund - Series 22 - Growth

11-May-154.52% 10,452 7.00% 12,255 NA NA 5.08% 11,880

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 1.47% 10,147 7.48% 12,421 NA NA 7.67% 12,930NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.17% 12,721Axis Hybrid Fund - Series 22 - Direct Plan - Growth

11-May-156.00% 10,600 8.41% 12,748 NA NA 6.44% 12,422

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 1.47% 10,147 7.48% 12,421 NA NA 7.67% 12,930NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.17% 12,721Axis Hybrid Fund - Series 24 - Growth

17-Jun-154.50% 10,450 7.25% 12,340 NA NA 5.85% 12,116

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 1.47% 10,147 7.48% 12,421 NA NA 7.93% 12,938NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.11% 12,608Axis Hybrid Fund - Series 24 - Direct Plan - Growth

17-Jun-155.97% 10,597 8.66% 12,836 NA NA 7.22% 12,655

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 1.47% 10,147 7.48% 12,421 NA NA 7.93% 12,938NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 NA NA 7.11% 12,608

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 29 - Growth

01-Feb-16-0.23% 9,977 NA NA NA NA 8.01% 12,357

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 1.86% 10,186 NA NA NA NA 8.11% 12,390NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 NA NA NA NA 6.92% 12,017Axis Hybrid Fund - Series 29 - Direct Plan - Growth

01-Feb-161.18% 10,118 NA NA NA NA 9.45% 12,817

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 1.86% 10,186 NA NA NA NA 8.11% 12,390NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 NA NA NA NA 6.92% 12,017Axis Hybrid Fund - Series 30 - Growth

11-Feb-16-0.37% 9,963 NA NA NA NA 9.56% 12,818


11-Feb-161.04% 10,104 NA NA NA NA 11.03% 13,292

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 1.86% 10,186 NA NA NA NA 8.68% 12,543NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 NA NA NA NA 6.95% 12,007Axis Capital Protection Oriented Fund - Series 5 - (42M) - Growth

02-Nov-12-0.56% 9,944 4.87% 11,535 7.12% 14,105 7.17% 15,152

CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 1.47% 10,147 7.48% 12,421 9.48% 15,731 8.85% 16,630NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,232 7.57% 14,407 7.51% 15,438

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 33 SCHEMES)Axis Gold Fund - Growth

20-Oct-119.81% 10,981 5.12% 11,619 -1.96% 9,057 0.25% 10,180

Domestic Price of Gold (Benchmark) 8.73% 10,873 6.22% 11,990 1.85% 10,959 1.47% 11,084Axis Gold Fund - Direct Plan - Growth

01-Jan-1310.49% 11,049 6.06% 11,935 -0.83% 9,593 -0.85% 9,517

Domestic Price of Gold (Benchmark) 8.73% 10,873 6.22% 11,990 1.85% 10,959 -0.26% 9,847Axis Gold ETF

10-Nov-108.15% 10,815 3.89% 11,215 0.06% 10,032 4.22% 13,911

Domestic Price of Gold (Benchmark) 8.73% 10,873 6.22% 11,990 1.85% 10,959 4.70% 14,422Axis Liquid Fund - Growth

09-Oct-097.25% 10,725 7.26% 12,342 7.90% 14,629 7.96% 20,029

NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 7.90% 19,930NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,230 7.57% 14,407 6.82% 18,183Axis Liquid Fund - Direct Plan - Growth

31-Dec-127.31% 10,731 7.33% 12,367 7.97% 14,677 8.15% 15,795

NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 7.95% 15,631NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,230 7.57% 14,407 7.49% 15,242


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Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.16% / 0.74% / 0.11%, Axis Treasury Advantage Fund : 0.72% / 0.72% / 0.25%, Axis Banking & PSU Debt Fund : 0.56% / 0.29%, Axis Short Term Fund : 0.91% / 0.91%/ 0.28%, Axis Dynamic Bond Fund : 1.41% / 0.62%, Axis Gilt Fund£ : 0.68% / 0.22%, Axis Strategic Bond Fund£ : 1.05% / 0.41%, Axis Credit Risk Fund£ : 1.70% / 0.69%, Axis Arbitrage Fund£ : 1.00% / 0.28%, Axis Corporate Debt Fund£ : 1.04% / 0.28%, Axis Regular Saver*£ : 2.49% / 1.35%, Axis Long Term Equity Fund*: 2.08% / 0.95%, Axis Focused 25 Fund* : 2.24% / 0.77%, Axis Bluechip Fund*£ : 2.31% / 0.91%, Axis Triple Advantage Fund* : 2.31% / 1.25%, Axis Midcap Fund*: 2.37% / 1.04%, Axis Equity Saver Fund* : 2.70% / 1.69%, Axis Children’s Gift Fund* : 2.54% / 0.95%, Axis Dynamic Equity Fund* : 2.29% / 0.71%, Axis Multi Cap Fund* : 2.29% / 0.61%, Axis Equity Hybrid Fund* : 2.30% / 0.58%

*The rates mentioned above are inclusive of a proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes.1. Total Expenses Ratio is inclusive of GST2. **Total Expenses Ratio is of last day of the month£Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.

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

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

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 & Axis Capital Builder Fund - Series 1 since 8th March 2018,

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

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

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

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

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

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

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


Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Above data excludes schemes which have not completed a year. The above data excludes performance of direct plans of schemes which have not completed a year. The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Liquid Fund - Retail - Growth

01-Mar-106.63% 10,663 6.67% 12,140 7.33% 14,244 7.65% 18,952

NIFTY Liquid Index (Benchmark) 7.13% 10,713 7.05% 12,269 7.73% 14,513 8.11% 19,664NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 6.93% 12,230 7.57% 14,407 6.96% 17,921

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 33 SCHEMES)Axis Hybrid Fund - Series 28 - Growth

18-Nov-150.13% 10,013 NA NA NA NA 6.19% 11,940


18-Nov-151.54% 10,154 NA NA NA NA 7.59% 12,413

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 1.86% 10,186 NA NA NA NA 7.70% 12,451NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 NA NA NA NA 6.94% 12,193Axis Hybrid Fund - Series 29 - Growth

01-Feb-16-0.23% 9,977 NA NA NA NA 8.01% 12,357


01-Feb-161.18% 10,118 NA NA NA NA 9.45% 12,817

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) Benchmark) 1.86% 10,186 NA NA NA NA 8.11% 12,390NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 NA NA NA NA 6.92% 12,017Axis Hybrid Fund - Series 30 - Growth

11-Feb-16-0.37% 9,963 NA NA NA NA 9.56% 12,818


11-Feb-161.04% 10,104 NA NA NA NA 11.03% 13,292

Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) (Benchmark) 1.86% 10,186 NA NA NA NA 8.68% 12,543NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.63% 10,663 NA NA NA NA 6.95% 12,007

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

39

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

majority (whichever is earlier)) This product is suitable for investors who are seeking*£

l Capital appreciation & generating income over long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund) This product is suitable for investors who are seeking* l Capital appreciation & generating income over medium to long terml Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocationAXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investments in Equity & Equity related instruments covered by Nifty 50 IndexAXIS EQUITY HYBRID FUND (An open-ended hybrid scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* l Capital appreciation along with generation of income over medium to long term. l Investment in equity and equity related instruments as well as debt and money market instruments.AXIS GILT FUND£ (An open ended debt scheme investing in government securities across maturity) This product is suitable for investors who are seeking*£

l Credit risk free returns over medium to long terml Investment mainly in Government securities across maturities AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) This product is suitable for investors who are seeking*l Optimal returns over medium to long terml To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instrumentsAXIS CORPORATE DEBT FUND£ (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) This product is suitable for investors who are seeking* l Regular income over short to medium - terml Predominantly investing in corporate debtAXIS STRATEGIC BOND FUND (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)This product is suitable for investors who are seeking* l Optimal returns over medium terml Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidityAXIS ARBITRAGE FUND£ (An open ended scheme investing in arbitrage opportunities) This product is suitable for investors who are seeking* l Income over short to medium terml Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS CREDIT RISK FUND£ (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+

rated corporate bonds) This product is suitable for investors who are seeking* l Stable returns in the short to medium terml Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the

portfolio is between 1 year to 3 years)This product is suitable for investors who are seeking* l Regular income while maintaining liquidity over short term l Investment in debt and money market instrumentsAXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector

Undertakings & Public Financial Institutions)This product is suitable for investors who are seeking*l Regular income over short to medium terml Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay

duration of the portfolio is between 6 to 12 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in debt and money market instrumentsAXIS ULTRA SHORT TERM FUND (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay

duration of the portfolio is between 3 months and 6 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.AXIS LIQUID FUND (An open ended liquid scheme)This product is suitable for investors who are seeking*l Regular income over short terml Investment in debt and money market instruments

Riskometer

Investors understand that their principal will beat moderately high risk

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

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

Documents

Save up to 46,800 in · remain bullish on the equity market story. SIP`s continue to sustain despite market volatility highlighting maturity of domestic investors. Consumer price