index [] factsheet (d)- march... · axis constant maturity 10 year fund 18 sip performance of...

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

NAV’s

Load Structure And Minimum Investment Amount

Annexures

Expense Ratios

Product Labeling

4

Equity Outlook 5Axis Equity Fund 6Axis Focused 25 Fund 7Axis Midcap Fund 8Axis Long Term Equity Fund 9Axis Enhanced Arbitrage Fund 10

Fixed Income Outlook 11Axis Liquid Fund 12

Axis Dynamic Bond Fund 15Axis Regular Savings Fund 16Axis Fixed Income Opportunities Fund 17

Axis Banking And PSU Debt Fund 19

Hybrid Outlook 20Axis Equity Saver Fund 21Axis Income Saver 22Axis Children Gift Fund 23Axis Triple Advantage Fund 24

26

27

28

30

31

Axis Treasury Advantage Fund 13Axis Short Term Fund 14

Axis Constant Maturity 10 Year Fund 18

25SIP Performance Of Selected Schemes

EQUITYA P R I L 2 0 1 7

18.5% 3.3%11.6%

QUICK TAKE

KEY HIGHLIGHTS

Equity market valuations are broadly reasonable.

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

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

DOMESTIC

CORPORATE

Indian equity markets were up 3.3 percent during the month of March. The Nifty 50 Index hit its all-time high this month post euphoria on BJP’s landslide victory in the state elections. Midcaps were also positive during the month as indicated by the BSE Midcap Index which delivered 4 percent.

Market sentiment was helped by record buying by foreign investors. Foreign Portfolio investments in debt and equity markets in March were at 3.3 and 2.5 billion dollars respectively. On the other hand, net flows by domestic institutional investors were negative in March after being net buyers for six consecutive months.

While the election results are unlikely to have a long-term material impact for the markets, they have reinforced the rising probability that the current government would get re-elected for its second term in 2019. To the market this implies continuity in the government’s policies as well as more support in the upper house of Parliament, which would be important in execution of its reform agenda.

The other key development in March was that the GST Council cleared all the five GST bills which were subsequently passed by the Parliament. GST has now moved into its final lap and has a good chance of getting rolled out from 1st July.

GDP for 3QFY17 came in at a healthy 7.1%. However this number likely understates the overall impact of the currency ban because the most affected parts of the economy i.e. informal and cash-based—are either not captured in the GDP data or their inclusion is based on formal sector indicators.

The economy has continued its rebound from demonetisation. Manufacturing sentiment during the month picked up marginally as indicated by the PMI reading for March. Services PMI came back to expansion zone after three months in the contraction territory.

Headline consumer price index (CPI) stayed flattish at 3.7% over previous month. Personal vehicle sales rose Y-o-Y during February while two-wheeler and commercial vehicle sales were flat Y-o-Y. This was however their best performance in four months post demonetization.

The rupee strengthened owing to record FPI inflows and softening of the USD post the FOMC meeting. The rupee was also helped by crude oil which was off its recent highs.

The earning season for the third quarter showed mixed results. Although Nifty companies reported an overall growth in PAT of 0.8% YoY, impact on sectors was mixed. Companies in metals and energy did well due to a favourable turn in commodity prices. Volume growth was weak in automobiles and cement and few large-sized consumer goods companies. Credit offtake was weak in the banking sector. Management commentary across sectors suggests that normalization of activities is likely in the March quarter. Once companies start reporting March quarter results things will become clearer.

GLOBAL

5

Please refer to page no 26, 29-30, 31 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 including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Inve

stm

ent S

tyle

Value

Blend

Growth

Large Mid SmallMarket Cap

FUND STYLE

PORTFOLIO

% OF ASSETS

BANKS 26.69HDFC Bank Limited 8.36Kotak Mahindra Bank Limited 5.88ICICI Bank Limited 4.74State Bank of India 4.49IndusInd Bank Limited 3.22CONSUMER NON DURABLES 12.80Asian Paints Limited 5.01ITC Limited 4.29Britannia Industries Limited 3.50FINANCE 10.64Bajaj Finserv Limited 4.25HDFC Limited 3.43Cholamandalam Investment and Finance Company Limited 2.97

AUTO 6.15Maruti Suzuki India Limited 4.06Tata Motors Limited 2.09AUTO ANCILLARIES 5.37Motherson Sumi Systems Limited 2.41Endurance Technologies Limited 1.96Bosch Limited 1.00GAS 5.17Indraprastha Gas Limited 2.05Gujarat State Petronet Limited 1.72GAIL (India) Limited 1.39PHARMACEUTICALS 4.08Lupin Limited 2.40Sanofi India Limited 0.98Cadila Healthcare Limited 0.70SOFTWARE 3.45Infosys Limited 3.45MEDIA & ENTERTAINMENT 3.14Zee Entertainment Enterprises Limited 3.14OTHERS 14.94Industrial Capital Goods 3.13Bharat Electronics Limited 1.99Siemens Limited 1.13Construction Project 2.41Larsen & Toubro Limited 2.41Industrial Products 2.10Cummins India Limited 1.07Bharat Forge Limited 1.03Cement 2.07UltraTech Cement Limited 2.07Power 1.76Torrent Power Limited 1.76Retailing 1.40Avenue Supermarts Limited 1.40Petroleum Products 1.04Indian Oil Corporation Limited 1.04Telecom - Services 1.03Bharti Airtel Limited 1.03Total Equity 92.42Cash & Other Receivables 7.58Net Assets 100%

Banks 26.69

Consumer Non Durables

12.80

Finance 10.64 Auto 6.15 Auto Ancillaries 5.37

Gas 5.17 Pharmaceuticals 4.08 Software 3.45

Media & Entertainment

3.14

Others 14.94

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

1,913.40 Cr.

AS ON 31ST MAR’17

1,928.24 Cr.

BENCHMARK

Nifty 50

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 14.21%

Beta - 0.99

Sharpe Ratio** - 0.39

PORTFOLIOTURNOVER* (1 YEAR)

1.09 times

FUND MANAGER

Mr. ShreyashDevalkar

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

since 23rd November 2016

SECTORALLOCATION

(%)

AXIS EQUITY FUND(AN OPEN-ENDED GROWTH SCHEME)

FACTSHEETMARCH 2017

1% if Units are redeemed / switched-out within 12 months from the date of allotment (Effective from 1st October 2013)

EXIT LOAD

PERFORMANCE (as on 31st March 2017)

DIVIDENDS

Regular Plan Direct Plan

Options Record Date

Dividend (` Per unit) NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24Mar 05, 2015 1.00 1.00 16.53 15.53 1.00 1.00 16.89 15.89

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.**Risk-free rate assumed to be 7.37% (MIBOR as on 31-3-17) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st March 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)

SinceInceptionCAGR (%)

Current Value of Investment

if ` 10,000 was invested on

Inception date

Date ofInception

Axis Equity Fund - Growth 14.64% 12.91% 15.08% 10.73% 20,91005-Jan-10Nifty 50 (Benchmark) 18.55% 11.01% 11.60% 7.94% 17,381

S&P BSE Sensex (Additional Benchmark) 16.88% 9.77% 11.21% 7.38% 16,748Axis Equity Fund - Direct Plan - Growth 15.72% 14.15% - 14.77% 17,947

01-Jan-13Nifty 50 (Benchmark) 18.55% 11.01% - 10.73% 15,416S&P BSE Sensex (Additional Benchmark) 16.88% 9.77% - 10.24% 15,127Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs. 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 2 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager.

6


Banks 19.59 Finance 16.05 Auto Ancillaries 15.39

Industrial Products

11.57

Cement 9.52 Auto 5.28

Textile Products 3.80

Industrial Capital Goods

3.14

Software 2.81 Others 6.67

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

1,108.83 Cr.

AS ON 31ST MAR’17

1,180.09 Cr.

BENCHMARK

Nifty 50



Beta - 1.07



0.94 times

FUND MANAGER

Mr. Jinesh Gopani Work experience:14 years.

He has been managing this fund since 07th June 2016

Inve

stm

ent S

tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETS

BANKS 19.59

Kotak Mahindra Bank Limited 7.55

HDFC Bank Limited 7.20

State Bank of India 4.84

FINANCE 16.05

Bajaj Finserv Limited 7.13

Gruh Finance Limited 4.09

Bajaj Finance Limited 3.77

Cholamandalam Investment and Finance Company Limited

1.06

AUTO ANCILLARIES 15.39

Bosch Limited 5.38

Motherson Sumi Systems Limited 4.21

Endurance Technologies Limited 2.54

WABCO India Limited 2.16

CEAT Limited 1.10

INDUSTRIAL PRODUCTS 11.57

Cummins India Limited 5.92

Supreme Industries Limited 3.88

Bharat Forge Limited 1.77

CEMENT 9.52

Shree Cements Limited 9.52

AUTO 5.28

Maruti Suzuki India Limited 5.28

TEXTILE PRODUCTS 3.80

Page Industries Limited 3.80

INDUSTRIAL CAPITAL GOODS 3.14

Siemens Limited 1.89

V-Guard Industries Limited 1.25

SOFTWARE 2.81

Info Edge (India) Limited 2.81

OTHERS 6.67

Chemicals 2.37

Pidilite Industries Limited 2.37

Consumer Non Durables 2.32

Nestle India Limited 2.32

Commercial Services 1.98

Quess Corp Limited 1.98

Total Equity 93.82

Cash & Other Receivables 6.18

Net Assets 100%

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)

FACTSHEETMARCH 2017

1% if redeemed/ switched out within 1 year from the date of allotment. (w.e.f. 15th May 2015)

EXIT LOAD


DIVIDENDS

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. **Risk-free rate assumed to be 7.37% (MIBOR as on 31-3-17) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 31st March 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Focused 25 Fund - Growth 25.13% 18.72% - 17.07% 21,16029-Jun-12Nifty 50 (Benchmark) 18.55% 11.01% - 12.32% 17,378

S&P BSE 200 (Additional Benchmark) 22.47% 14.17% - 14.03% 18,670Axis Focused 25 Fund - Direct Plan - Growth 26.61% 20.28% - 16.46% 19,099

01-Jan-13Nifty 50 (Benchmark) 18.55% 11.01% - 10.73% 15,416S&P BSE 200 (Additional Benchmark) 22.47% 14.17% - 12.22% 16,318Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager.

7


PORTFOLIO

Finance 22.42 Auto Ancillaries 15.84

Consumer Non Durables

9.61

Industrial Products

6.81

Banks 5.92 Textile Products 4.59

Media & Entertainment

4.50

Pesticides 4.45 Pharmaceuticals 4.11 Others 17.01

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

1,175.73 Cr.

AS ON 31ST MAR’17

1,207.54 Cr.

BENCHMARK

S&P BSE Midcap



Beta - 1.02



0.92 times

FUND MANAGER

Mr. Shreyash Devalkar

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

23rd November 2016

Inve

stm

ent S

tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETS

FINANCE 22.42Gruh Finance Limited 7.21Cholamandalam Investment and Finance Company Limited

4.02

Bajaj Finserv Limited 3.87Sundaram Finance Limited 3.14Multi Commodity Exchange of India Limited 2.88CRISIL Limited 1.30AUTO ANCILLARIES 15.84Motherson Sumi Systems Limited 3.38Endurance Technologies Limited 3.17WABCO India Limited 2.35Amara Raja Batteries Limited 2.02Igarashi Motors India Limited 1.97MRF Limited 1.51Balkrishna Industries Limited 1.43CONSUMER NON DURABLES 9.61Britannia Industries Limited 3.25Procter & Gamble Hygiene and Health Care Limited

3.19

Berger Paints (I) Limited 3.17INDUSTRIAL PRODUCTS 6.81Supreme Industries Limited 2.71AIA Engineering Limited 2.25Cummins India Limited 1.85BANKS 5.92City Union Bank Limited 4.93Bank of Baroda 0.98TEXTILE PRODUCTS 4.59Page Industries Limited 4.59MEDIA & ENTERTAINMENT 4.50PVR Limited 3.01Zee Entertainment Enterprises Limited 1.49PESTICIDES 4.45UPL Limited 3.06PI Industries Limited 1.39PHARMACEUTICALS 4.11Torrent Pharmaceuticals Limited 2.28Alkem Laboratories Limited 1.10Cadila Healthcare Limited 0.73OTHERS 17.01Auto 3.63V.S.T Tillers Tractors Limited 2.47Eicher Motors Limited 1.16Power 2.67Torrent Power Limited 2.67Industrial Capital Goods 2.49V-Guard Industries Limited 2.49Cement 2.40The Ramco Cements Limited 1.62JK Lakshmi Cement Limited 0.78Petroleum Products 2.17Gulf Oil Lubricants India Limited 2.17Transportation 1.77Blue Dart Express Limited 1.77Consumer Durables 1.75Blue Star Limited 1.75Other Equity (less than 0.50% of the corpus) 0.13Total Equity 95.25Cash & Other Receivables 4.75Net Assets 100%

SECTORALLOCATION

(%)

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

AXIS MIDCAP FUND(AN OPEN-ENDED EQUITY SCHEME)

FACTSHEETMARCH 2017

1% if redeemed / switched - out within 12 months from the date of allotment (w.e.f. 5th May 2014)

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Midcap Fund - Growth 20.55% 22.12% 21.27% 18.20% 27,81018-Feb-11S&P BSE Midcap (Benchmark) 32.75% 25.76% 17.28% 13.03% 21,161

Nifty 50 (Additional Benchmark) 18.55% 11.01% 11.60% 8.86% 16,805Axis Midcap Fund - Direct Plan - Growth 21.92% 23.78% - 19.59% 21,373

01-Jan-13S&P BSE Midcap (Benchmark) 32.75% 25.76% - 17.15% 19,585Nifty 50 (Additional Benchmark) 18.55% 11.01% - 10.73% 15,416Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 2 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendSep 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 24.29July 31, 2014 1.50 1.50 19.91 18.41 - - - -

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. **Risk-free rate assumed to be 7.37% (MIBOR as on 31-3-17) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st March 2017.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

DIVIDENDS

8


PORTFOLIO

Finance 19.56 Banks 15.30 Auto Ancillaries 11.95 Auto 7.33

Consumer Durables

5.38

Industrial Products

5.26

Pharmaceuticals 5.15 Chemicals 4.17

Construction Project

3.97

Others 15.58

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

11,879.05 Cr.

AS ON 31ST MAR’17

12,396.03 Cr.

BENCHMARK

S&P BSE 200


Standard Deviation

- 13.69%

Beta - 0.89



1.40 times

FUND MANAGER

Mr. Jinesh Gopani Work experience: 14 years.

He has been managing this fund since 1st April 2011

Inve

stm

ent S

tyle

Value

Blend

Growth


FUND STYLE

% OF ASSETS

FINANCE 19.56HDFC Limited 7.19Bajaj Finance Limited 4.28Sundaram Finance Limited 2.86Gruh Finance Limited 2.62Multi Commodity Exchange of India Limited 1.72Cholamandalam Investment and Finance Company Limited

0.89

BANKS 15.30Kotak Mahindra Bank Limited 8.10HDFC Bank Limited 7.20AUTO ANCILLARIES 11.95Motherson Sumi Systems Limited 4.70Bosch Limited 3.98WABCO India Limited 2.12Endurance Technologies Limited 1.14AUTO 7.33Maruti Suzuki India Limited 5.63Eicher Motors Limited 1.70CONSUMER DURABLES 5.38TTK Prestige Limited 2.73Symphony Limited 2.65INDUSTRIAL PRODUCTS 5.26Cummins India Limited 3.08Astral Poly Technik Limited 1.51Bharat Forge Limited 0.67PHARMACEUTICALS 4.95Sun Pharmaceuticals Industries Limited 2.54Cadila Healthcare Limited 1.24IPCA Laboratories Limited 1.17CHEMICALS 4.17Pidilite Industries Limited 4.17CONSTRUCTION PROJECT 3.97Larsen & Toubro Limited 3.97OTHERS 15.58Pesticides 2.69PI Industries Limited 2.69Power 2.63Torrent Power Limited 2.63Consumer Non Durables 2.43Nestle India Limited 2.43Software 2.32Info Edge (India) Limited 1.33Infosys Limited 0.99Transportation 2.05Blue Dart Express Limited 1.20Gujarat Pipavav Port Limited 0.85Industrial Capital Goods 1.52Siemens Limited 0.99V-Guard Industries Limited 0.53Commercial Services 0.88Quess Corp Limited 0.88Telecom - Equipment & Accessories 0.59Astra Microwave Products Limited 0.59Other Equity (less than 0.50% of the corpus) 0.68Total Equity 93.67Debt, Cash & Other Receivables 6.33Net Assets 100%

SECTORALLOCATION

(%)

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

AXIS LONG TERM EQUITY FUND(AN OPEN-ENDED EQUITY LINKED SAVINGS SCHEME WITH A 3 YEAR LOCK-IN)

FACTSHEETMARCH 2017

NIL

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Long Term Equity Fund - Growth 18.30% 21.64% 22.48% 18.62% 34,52729-Dec-09S&P BSE 200 (Benchmark) 22.47% 14.17% 13.08% 8.73% 18,361

Nifty 50 (Additional Benchmark) 18.55% 11.01% 11.60% 8.17% 17,683Axis Long Term Equity Fund - Direct Plan - Growth 19.63% 23.16% - 23.30% 24,337

01-Jan-13S&P BSE 200 (Benchmark) 22.47% 14.17% - 12.22% 16,318Nifty 50 (Additional Benchmark) 18.55% 11.01% - 10.73% 15,416Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager.

DIVIDENDS

Options Record Date


(Cum Dividend)

Individuals/ HUF

Others

Regular Dividend

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. **Risk-free rate assumed to be 7.37% (MIBOR as on 31-3-17) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st March 2017.Source: ACEMF*Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

9


PORTFOLIO

% OF ASSETS

TOTAL HEDGED EQUITY 60.76

Century Textiles & Industries Limited 7.71

Reliance Industries Limited 7.38

Divi's Laboratories Limited 6.55

Aurobindo Pharma Limited 5.78

Eicher Motors Limited 4.53

Reliance Capital Limited 4.42

HDFC Limited 3.03

Dewan Housing Finance Corporation Limited 2.70

Siemens Limited 1.96

Tata Motors Limited 1.94

Cipla Limited 1.87

Bharat Electronics Limited 1.67

Mahindra & Mahindra Limited 1.66

Indiabulls Housing Finance Limited 1.63

Castrol India Limited 1.10

Reliance Infrastructure Limited 0.92

Oracle Financial Services Software Limited 0.88

Hindustan Zinc Limited 0.86

Power Grid Corporation of India Limited 0.84

Tata Consultancy Services Limited 0.55

Sun TV Network Limited 0.47

Max Financial Services Limited 0.41

IDFC Bank Limited 0.34

Jain Irrigation Systems Limited 0.33

Indiabulls Real Estate Limited 0.28

Bharat Financial Inclusion Limited 0.23

Indian Oil Corporation Limited 0.22

Motherson Sumi Systems Limited 0.17

The Federal Bank Limited 0.17

Tata Communications Limited 0.09

Tata Global Beverages Limited 0.04

Colgate Palmolive (India) Limited 0.01

Asian Paints Limited 0.01

DEBT, CASH & OTHER RECEIVABLES 39.24

NET ASSET 100%

^Commercial Paper

DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

500.52 Cr.

AS ON 31ST MAR’17

538.02 Cr.

BENCHMARK

Crisil Liquid Fund Index

Mr. Ashwin Patni Work experience: 13 years.

He has been managing the fund since 27th April 2015

Mr. Devang ShahWork experience: 11 years.

He has been managing this fund since inception.

FUND MANAGER

AXIS ENHANCED ARBITRAGE FUND FACTSHEETMARCH 2017

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 ARBITRAGE FUND)

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

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Enhanced Arbitrage Fund - Growth 6.42% - - 6.91% 11,92114-Aug-14CRISIL Liquid Fund Index (Benchmark) 7.11% - - 7.90% 12,213

CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% - - 7.81% 12,187Axis Enhanced Arbitrage - Direct Plan - Growth 7.29% - - 7.81% 12,187

14-Aug-14CRISIL Liquid Fund Index (Benchmark) 7.11% - - 7.90% 12,213CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% - - 7.81% 12,187Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 46 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 21 schemes. Please refer to annexure on Page 29 for performance of all schemes managed by the fund managers.

DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 27, 2017 0.05 0.05 10.5171 10.4671 0.05 0.05 10.8656 10.8156Feb 28, 2017 0.05 0.05 10.5294 10.4794 0.05 0.05 10.8701 10.8201Jan 25, 2017 0.05 0.05 10.5357 10.4857 0.05 0.05 10.8672 10.8172

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. #Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

10

AVERAGE MATURITY*@

159 daysMODIFIED DURATION*@

147 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

6.72%PORTFOLIO TURNOVER# (1 YEAR)

10.88 times

11

FIXEDINCOME

A P R I L 2 0 1 7

Key events during the month were BJP’s landslide victory in crucial state elections and a widely expected US Fed rate hike of 25 bps. While the election results are unlikely to have a long-term material impact for bond markets, they have reinforced the rising probability of the current government getting re-elected in 2019 which could lead to continuity in the government’s policies as well as more support in the upper house of Parliament, which would be important in the execution of its reform agenda.

The 25bps increase in the Fed funds rate was widely expected, but the tone post the Federal Open Market Committee (FOMC) was more dovish than what the markets expected. Bond markets on a point to point basis were flattish during the month with the benchmark 10 year closing at 6.68%.

The rupee strengthened owing to record FPI inflows and softening of the USD post the FOMC meeting. The rupee was also helped by crude oil which was off its recent highs. Market sentiment was helped by record inflows from foreign portfolio investors. FPI flows in debt and equity markets in March were at 3.3 and 2.5 billion dollars respectively.

GDP for 3QFY17 came in at a healthy 7.1%. However this number likely understates the overall impact of the currency ban because the most affected parts of the economy i.e. informal and cash-based—are either not captured in the GDP data or their inclusion is based on formal sector indicators.

Economic activity still remains subdued as indicated by the IIP data for January at 2.7% However; January’s reading reversed the decline in December when activity was hit by cash shortage. Personal vehicle sales rose Y-o-Y during February while two-wheeler and commercial vehicle sales were flat Y-o-Y but this was their best performance in four months post demonetization. Manufacturing sentiment during the month picked up marginally as indicated by the PMI reading for February. Services PMI came back to expansion zone after three months in the contraction territory.

CPI inflation moved up in February to 3.7% from 3.2% in previous month. Food inflation moved to 2% from 0.6% in January. This was mainly on account of the dissipating effect of lower vegetable prices exaggerated during the cash shortage in December. CPI for March is widely expected to be within RBI’s target zone of 5%.

Liquidity continued to remain positive in March. Demonetisation has led to substantial improvement in banking system liquidity which should keep the system easy going forward and is already helping shorter term bonds. Banks have cut deposit rates in view of the surge in liquidity and are likely to maintain lower deposit and lending rates going forward. Further, the announcement of the buy-back of around 75000 crores of securities which is likely in the short term debt maturing over the next 2-3 years is positive for the shorter end of the curve.

We had previously argued that RBI is close to the end of the rate cut cycle. RBI’s neutral stance supports this view. In this context we believe that short bonds are likely to outperform long bonds going forward. Money market and short term bonds are beneficiaries of the abundant banking system liquidity following demonetization and are relatively insulated from the risks of global rates and inflationary pressures.

The RBI’s focus on controlling inflation in the medium term provides some opportunities too. If inflation is indeed contained to 4% on a sustainable basis, yields can drop materially over the next couple of years. While rates may remain elevated in the near term, this may prove very attractive with a slightly longer term investment horizon.

10 YEAR G-SEC YIELD

6.68%

QUICK TAKE

CPI Inflation : Last 1 year3.7%

4.8%

Repo : Last 1 year10 yr G-Sec : Last 1 year6.68%

7.47%

• RBI maintains neutral stance post February policy. Indicates fewer chances of rate cuts in the near term.

• Money market and short term bonds are also beneficiaries of the abundant banking system liquidity.

• Investor should look to invest in short to medium term funds as a core portfolio allocation. Investors who wish to participate in long bonds can look to do so through dynamic bond funds.


PORTFOLIO

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^

104.80

BANKS 22.82IDFC Bank Limited ICRA A1+ 7.58IndusInd Bank Limited CRISIL A1+ 6.18The South Indian Bank Limited CARE A1+ 3.27RBL Bank Limited ICRA A1+ 2.49ICICI Bank Limited ICRA A1+ 1.46Abu Dhabi Commercial Bank (ADCB) CRISIL A1+ 0.73Yes Bank Limited ICRA A1+ 0.70HDFC Bank Limited CARE A1+ 0.36Andhra Bank CARE A1+ 0.04OTHERS 71.75Small Industries Dev Bank of India CARE A1+ 5.61Export Import Bank of India CRISIL A1+ 4.38Reliance Jio Infocomm Limited CARE A1+ 4.36Indiabulls Housing Finance Limited CRISIL A1+ 4.02Tata Capital Financial Services Ltd ICRA A1+ 3.74Tata Steel Limited IND A1+ 3.65Edelweiss Commodities Services Ltd CRISIL A1+ 3.26Dewan Housing Finance Corporation Limited

CRISIL A1+ 3.06

HDFC Limited ICRA A1+ 2.74Network18 Media & Investments Limited ICRA A1+ 2.42IIFL Wealth Finance Limited ICRA A1+ 2.20Family Credit Ltd CARE A1+ 2.19JSW Steel Limited CARE A1+ 1.83Aditya Birla Fashion and Retail Limited CRISIL A1+ 1.80Tata Power Company Limited ICRA A1+ 1.65Adani Transmission Limited IND A1+ 1.64National Bank For Agriculture and Rural Development

CRISIL A1+ 1.62

Vedanta Limited CRISIL A1+ 1.61IDFC Limited ICRA A1+ 1.48Sun Pharmaceuticals Industries Limited ICRA A1+ 1.46CESC Limited CARE A1+ 1.43Infina Finance Private Limited CRISIL A1+ 1.26India Infoline Finance Ltd ICRA A1+ 1.11Adani Ports and Special Economic Zone Limited

ICRA A1+ 1.10

Hero Fincorp Limited CRISIL A1+ 1.09Shapoorji Pallonji and Company Private Ltd

ICRA A1+ 1.06

Reliance Capital Limited ICRA A1+ 1.06Muthoot Finance Limited CRISIL A1+ 1.06IFMR Capital Finance Pvt Ltd ICRA A1+ 0.91Mahindra & Mahindra Financial Services Limited

CRISIL A1+ 0.88

Godrej Industries Limited ICRA A1+ 0.74

Talwandi Sabo Power LtdCRISIL

A1+(SO)0.73

TVS Credit Services Ltd ICRA A1+ 0.73IDFC Infrastructure Finance Limited ICRA A1+ 0.66Bajaj Finance Limited ICRA A1+ 0.55Cholamandalam Investment and Finance Company Limited

ICRA A1+ 0.55

JM Financial Products Ltd ICRA A1+ 0.37TGS Investment & Trade Pvt Ltd ICRA A1+ 0.37Trapti Trading & Invest Pvt Ltd ICRA A1+ 0.37JM Financial Limited ICRA A1+ 0.37Adani Gas Ltd. CARE A1+ 0.36NTPC Limited CRISIL A1+ 0.18Hindustan Petroleum Corporation Limited

CRISIL A1+ 0.07

TREASURY BILL 10.23182 Days Tbill Sovereign 4.5291 Days Tbill Sovereign 5.71TOTAL DEBT 2.51CORPORATE BOND 2.33Tata Capital Financial Services Ltd CRISIL AA+ 1.07Emami Limited CRISIL AA+ 0.56Dewan Housing Finance Corporation Limited

CARE AAA 0.22

Indiabulls Housing Finance Limited BWR AAA 0.21LIC Housing Finance Limited CRISIL AAA 0.19Power Finance Corporation Limited CRISIL AAA 0.07ZERO COUPON BOND 0.18JM Financial Products Ltd ICRA AA 0.18NET CURRENT ASSETS -7.31NET ASSETS 100%^Certificate of Deposit/Commercial Paper/Treasury Bill

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

19,473.00 Cr.

AS ON 31ST MAR’17

13,528.51 Cr.

BENCHMARK


AVERAGE MATURITY*

53 daysMODIFIED DURATION*


6.60%


He has been managing this fund since5th November 2012.

Mr. Aditya PagariaWork experience: 9 years.

He has been managing this fund since13th August 2016.

FUND MANAGER

Total Money Market Instruments* - 97.49% Corporate Bond - 2.33% Zero Coupon Bond - 0.18%

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ CRISIL A1+(SO)/ IND A1+/ BWR AAA & Equivalent - 87.95%

SOV - 10.23% CRISIL AA+ - 1.63% ICRA AA - 0.18%

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

Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low

High Mid LowCredit Quality

FUND STYLE

Credit Risk Rating[ICRA] A1mfs^

CARE AAA mfs^

* Includes Net Current Assets

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

AXIS LIQUID FUND(AN OPEN-ENDED LIQUID SCHEME)

FACTSHEETMARCH 2017

NIL

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Liquid Fund - Growth 7.28% 8.15% 8.62% 8.16% 17,98009-Oct-09Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 7.75% 17,479

Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.60% 16,131Axis Liquid Fund - Direct Plan - Growth 7.37% 8.23% - 8.54% 14,166

31-Dec-12Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% - 8.38% 14,079Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,556Axis Liquid Fund - Retail Plan - Growth 6.72% 7.60% 8.09% 7.92% 17,169

01-Mar-10Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 8.03% 17,283Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.83% 15,971

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on Page 28-29 for performance of all schemes managed by the fund managers.

DIVIDENDS

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

Mar 27, 2017 3.6880 3.4169 1,005.6958 1,000.5896 3.3854 - 1,004.9065 1,000.2195 3.7321 - 1,005.3864 1,000.2192Feb 27, 2017 4.3256 4.0076 1,006.5786 1,000.5896 3.9701 - 1,005.7162 1,000.2195 4.3799 - 1,006.2833 1,000.2192Jan 25, 2017 3.9408 3.6511 1,006.0458 1,000.5896 3.6236 - 1,005.2361 1,000.2195 3.9889 - 1,005.7419 1,000.2192

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

12



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

Mar 27, 2017 3.4835 3.2274 1,010.2744 1,005.4514 3.2111 - 1,009.8945 1,005.4482 3.8444 3.5598 1,010.7759 1,005.4530Feb 27, 2017 4.3873 4.0647 1,011.5258 1,005.4514 3.9356 - 1,010.8975 1,005.4482 4.6400 4.2924 1,011.8772 1,005.4530Jan 25, 2017 4.9302 4.5677 1,012.2774 1,005.4514 4.5184 - 1,011.7039 1,005.4482 5.1364 4.7624 1,012.5645 1,005.4530

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

PORTFOLIO

RATING % OF ASSETSTOTAL MONEY MARKET INSTRUMENTS^

17.32

BANKS 0.93IDFC Bank Limited ICRA A1+ 0.54IndusInd Bank Limited CRISIL A1+ 0.38OTHERS 16.40Adani Transmission Limited IND A1+ 4.69Shapoorji Pallonji and Company Private Ltd

ICRA A1+ 4.43

Family Credit Ltd CARE A1+ 2.68HDFC Limited ICRA A1+ 1.80Adani Ports and Special Economic Zone Limited

ICRA A1+ 1.74

Barclays Invest & Loans India Ltd ICRA A1+ 0.88Indian Railway Finance Corp Ltd CRISIL A1+ 0.18TOTAL DEBT 54.67CORPORATE BOND 49.51National Housing Bank CRISIL AAA 5.29Indiabulls Housing Finance Limited BWR AAA 4.82National Bank For Agriculture and Rural Development

CRISIL AAA 4.11

Citicorp Finance India Ltd ICRA AAA 3.28Power Finance Corporation Limited CRISIL AAA 3.23Tata Capital Financial Services Ltd CRISIL AA+ 2.76Indian Railway Finance Corp Ltd CRISIL AAA 2.74LIC Housing Finance Limited CRISIL AAA 1.86Reliance Jio Infocomm Limited CRISIL AAA 1.85Piramal Finance Private Limited ICRA AA 1.83Export Import Bank of India CRISIL AAA 1.83Edelweiss Commodities Services Ltd CRISIL AA 1.82Daimler Financial Services India Pvt Ltd

IND AAA 1.46

JM Financial Products Ltd CRISIL AA 1.46Housing Development Finance Corporation Limited

CRISIL AAA 1.39

Small Industries Dev Bank of India CARE AAA 1.19UPL Limited BWR AA+ 0.94L&T Infrastructure Finance Co Ltd CARE AA+ 0.92HDB Financial Services Ltd CRISIL AAA 0.92Indiabulls Housing Finance Limited CARE AAA 0.92Tata Power Company Limited ICRA AA 0.91Mahindra Rural Housing Finance IND AA+ 0.91Shriram Transport Finance Company Limited

CRISIL AA+ 0.69

Mahindra & Mahindra Financial Services Limited

IND AAA 0.56


ICRA AA 0.55

Emami Limited CRISIL AA+ 0.51Power Grid Corporation of India Limited

CRISIL AAA 0.37

India Infoline Finance Ltd ICRA AA 0.37ZERO COUPON BOND 5.16Dewan Housing Finance Corporation Limited

CARE AAA 3.01

Sundaram BNP Paribas Home Finance Ltd

ICRA AA+ 0.92

JM Financial Products Ltd ICRA AA 0.74India Infoline Finance Ltd ICRA AA 0.49NET CURRENT ASSETS 28.01NET ASSETS 100%^Certificate of Deposit/Commercial Paper

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

3,038.80 Cr.

AS ON 31ST MAR’17

2,742.59 Cr.

BENCHMARK


AVERAGE MATURITY*

203 daysMODIFIED DURATION

*


7.12%


He has been managing this fund since07th June 2016.



FUND MANAGER

Corporate Bond - 49.51% Total Money Market Instruments* - 45.33% Zero Coupon Bond - 5.16%

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND A1+/ BWR AAA/ IND AAA & Equivalent - 84.17%

ICRA AA/ CRISIL AA - 8.17%

CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+/ BWR AA+ - 7.66%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA] A1+mfs^


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

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

AXIS TREASURY ADVANTAGE FUND(AN OPEN-ENDED DEBT SCHEME)

FACTSHEETMARCH 2017

NIL

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Treasury Advantage Fund - Growth 7.84% 8.29% 8.78% 8.30% 18,16109-Oct-09Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 7.75% 17,479

Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.60% 16,131Axis Treasury Advantage Fund - Direct Plan - Growth 8.24% 8.74% - 9.05% 14,448

01-Jan-13Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% - 8.38% 14,077Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,550Axis Treasury Advantage Fund - Retail Plan - Growth 7.13% 7.59% 7.99% 7.84% 17,072

03-Mar-10Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 8.02% 17,273Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.83% 15,968

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 46 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on 28-29 for performance of all schemes managed by the fund managers.

DIVIDENDS

13


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 92.01CORPORATE BOND 78.77Power Finance Corporation Limited CRISIL AAA 13.10Rural Electrification Corporation Limited CRISIL AAA 10.45Reliance Jio Infocomm Limited CRISIL AAA 6.99Housing Development Finance Corporation Limited

CRISIL AAA 6.95

National Bank For Agriculture and Rural Development

CRISIL AAA 5.23

LIC Housing Finance Limited CRISIL AAA 4.98Indiabulls Housing Finance Limited BWR AAA 2.76Power Grid Corporation of India Limited CRISIL AAA 2.59Vodafone Mobile Services Ltd CRISIL AA 2.52Dewan Housing Finance Corporation Limited BWR AAA 2.31HDB Financial Services Ltd CRISIL AAA 2.09Shriram Transport Finance Company Limited CRISIL AA+ 1.79Tata Sons Ltd CRISIL AAA 1.61Mahindra & Mahindra Financial Services Limited

IND AAA 1.50

Indian Railway Finance Corp Ltd CRISIL AAA 1.26Gruh Finance Limited ICRA AAA 1.25Small Industries Dev Bank of India CARE AAA 1.25Nirma Ltd CRISIL AA 1.16State Bank of India CRISIL AAA 1.01Daimler Financial Services India Pvt Ltd IND AAA 1.00Tata Capital Financial Services Ltd ICRA AA+ 0.84Cholamandalam Investment and Finance Company Limited

ICRA AA 0.83

Oriental Nagpur Betul Highway LimitedCRISIL

AAA(SO)0.74

L&T Infrastructure Finance Co Ltd CARE AA+ 0.67IDFC Bank Limited ICRA AAA 0.66Citicorp Finance India Ltd ICRA AAA 0.58ICICI Bank Limited ICRA AAA 0.49Tata Motors Limited CARE AA+ 0.44Tata Power Company Limited ICRA AA 0.41Rural Electrification Corporation Limited CARE AAA 0.35UltraTech Cement Limited CRISIL AAA 0.31Bajaj Finance Limited CARE AAA 0.18Larsen & Toubro Limited CRISIL AAA 0.15Indiabulls Housing Finance Limited CARE AAA 0.11Export Import Bank of India CRISIL AAA 0.10National Highways Auth Of Ind CRISIL AAA 0.08STATE GOVERNMENT BOND Sovereign 8.97ZERO COUPON BOND 2.54Dewan Housing Finance Corporation Limited CARE AAA 1.73Sundaram BNP Paribas Home Finance Ltd

ICRA AA+ 0.42

Mahindra & Mahindra Financial Services Limited

IND AAA 0.19

Indiabulls Housing Finance Limited CARE AAA 0.18Axis Finance Limited IND AAA 0.02HDB Financial Services Ltd CRISIL AAA 0.004GOVERNMENT BOND Sovereign 1.72TOTAL MONEY MARKET INSTRUMENTS^ 4.72BANKS 3.10National Bank For Agriculture and Rural Development

CRISIL A1+ 1.57

IDFC Bank Limited ICRA A1+ 1.26IndusInd Bank Limited CRISIL A1+ 0.27OTHERS 1.62Vodafone Mobile Services Ltd CRISIL A1+ 1.62NET CURRENT ASSETS 3.27NET ASSETS 100%^Certificate of Deposit/Commercial Paper

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

6,134.45 Cr.

AS ON 31ST MAR’17

6,032.69 Cr.

BENCHMARK

Crisil Short Term Bond Fund Index

AVERAGE MATURITY*

2.6 yearsMODIFIED DURATION

*

2.1 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

7.44%



FUND MANAGER

Corporate Bond - 78.77% State Government Bond - 8.97% Total Money Market Instruments* - 7.99% Zero Coupon Bond - 2.54% Government Bond - 1.72%

ICRA A1+/ CRISIL A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND AAA/ BWR AAA/ CRISIL AAA(SO) & Equivalent - 80.22%

SOV - 10.70% ICRA AA/ CRISIL AA - 4.92%

CRISIL AA+/ CARE AA+/ ICRA AA+ - 4.16%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA]AAAmfs$


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

AXIS SHORT TERM FUND(AN OPEN-ENDED DEBT SCHEME)

FACTSHEETMARCH 2017

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

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Short Term Fund - Growth 8.90% 8.95% 8.92% 8.33% 17,78022-Jan-10Crisil Short Term Bond Fund Index Benchmark) 9.10% 9.29% 9.15% 8.34% 17,785

Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.76% 16,007Axis Short Term Fund - Direct Plan - Growth 9.65% 9.83% - 9.48% 14,693

01-Jan-13Crisil Short Term Bond Fund Index (Benchmark) 9.10% 9.29% - 9.12% 14,485Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,550Axis Short Term Fund - Retail Plan - Growth 8.90% 8.97% 8.85% 8.29% 17,580

02-Mar-10Crisil Short Term Bond Fund Index (Benchmark) 9.10% 9.29% 9.15% 8.44% 17,749Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.83% 15,969Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes of Axis Mutual Fund. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager.

DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Individuals/ HUF

Others

Monthly Dividend

Mar 27, 2017 0.0375 0.0348 10.2368 10.1848 0.0360 0.0334 10.0808 10.0309 0.0400 0.0371 10.0877 10.0323Feb 27, 2017 0.0382 0.0354 10.2512 10.1982 0.0379 0.0351 10.0952 10.0427 0.0424 0.0393 10.1031 10.0443Jan 25, 2017 0.0473 0.0438 10.3082 10.2427 0.0492 0.0456 10.1550 10.0869 0.0536 0.0496 10.1626 10.0884


14



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017Mar 28, 2016 0.3611 0.3345 11.0764 10.5764 0.3611 0.3345 11.4947 10.9947Sep 28, 2015 0.2889 0.2676 11.1709 10.7709 0.2889 0.2676 11.5136 11.1136

Quarterly DividendMar 27, 2017 0.1806 0.1673 10.7941 10.5441 0.1806 0.1673 11.4189 11.1689Dec 26, 2016 0.1805 0.1672 10.9387 10.6887 0.1805 0.1672 11.5337 11.2837Sep 26, 2016 0.1806 0.1673 10.9510 10.7010 0.1806 0.1673 11.5087 11.2587

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ̀ 10. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 96.29

STATE GOVERNMENT BOND Sovereign 45.62

CORPORATE BOND 29.29

Power Finance Corporation Limited CRISIL AAA 7.39

Rural Electrification Corporation Limited

CRISIL AAA 5.41

Reliance Gas Transportation Infrastructure Ltd

CRISIL AAA 5.34


ICRA AA 3.01

Power Grid Corporation of India Limited

CRISIL AAA 1.55

Vedanta Limited CRISIL AA- 1.49

Tata Sons Ltd CRISIL AAA 1.48

ICICI Bank Limited ICRA AA+ 1.48

Tata Power Company Limited CRISIL AA- 1.27

India Infrastructure Fin Co Ltd CRISIL AAA 0.87

GOVERNMENT BOND Sovereign 21.39

NET CURRENT ASSETS 3.71

NET ASSETS 100%

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

340.86 Cr.

AS ON 31ST MAR’17

338.53 Cr.

BENCHMARK

Crisil Composite Bond Fund Index

AVERAGE MATURITY*

9.1 yearsMODIFIED DURATION*


7.57%

Mr. R. SivakumarWork experience: 16 years.

He has been managing this fund since inception



FUND MANAGER

State Government Bond - 45.62% Corporate Bond - 29.29% Government Bond - 21.39% Total Money Market Instruments* - 3.71%

SOV - 67.01% CRISIL AAA & Equivalent - 25.74% ICRA AA - 3.01% CRISIL AA- - 2.76% ICRA AA+ - 1.48%

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

tern

al R

ate

Sens

itivi

ty

High

Med

Low


FUND STYLE


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

AXIS DYNAMIC BOND FUND(AN OPEN-ENDED DEBT FUND)

FACTSHEETMARCH 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. 22nd June 2015


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Dynamic Bond Fund - Growth 11.03% 10.62% 9.36% 9.26% 16,913

27-Apr-11Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% 9.45% 9.21% 16,864CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.99% 15,781

Axis Dynamic Bond Fund - Direct Plan -Growth 12.04% 11.96% - 10.48% 15,268

01-Jan-13Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% - 9.39% 14,642CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.26% 14,006

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs. 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 5 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 46 schemes. Please refer to annexure on Page 28&29 for performance of all schemes managed by the fund managers.

DIVIDENDS

15



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564Mar 28, 2016 0.3611 0.3345 11.2292 10.7292 0.3611 0.3345 11.3351 10.8351Sep 28, 2015 0.2889 0.2676 11.3054 10.9054 0.2889 0.2676 11.3459 10.9459

Quarterly DividendMar 27, 2017 0.1806 0.1673 10.7549 10.5049 0.1806 0.1673 11.2694 11.0194Dec 26, 2016 0.1805 0.1672 10.8011 10.5511 0.1805 0.1672 11.2898 11.0398Sep 26, 2016 0.1806 0.1673 10.8953 10.6453 0.1806 0.1673 11.3606 11.1106

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters.* For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

RATING % OF ASSETS

TOTAL DEBT 88.89



CRISIL AAA 7.94

Reliance Gas Transportation Infrastructure Ltd

CRISIL AAA 4.96

Oriental Nagpur Betul Highway Limited

CRISIL AAA(SO)

4.57

Reliance Jio Infocomm Limited CRISIL AAA 4.21

Dewan Housing Finance Corporation Limited

BWR AAA 4.16

Indiabulls Housing Finance Limited BWR AAA 4.15


Birla Corporation Limited ICRA AA 4.14

Muthoot Finance Limited CRISIL AA 4.11

Tata Power Company Limited CRISIL AA- 3.99

Hinduja Leyland Finance Ltd CARE A+ 3.29

Hindalco Industries Limited CRISIL AA- 3.05

Hansdeep Industries & Trading Co. Ltd.

CARE AA(SO)

2.94

PVR Limited CRISIL AA- 2.21


CRISIL AAA 2.16

ECL Finance Ltd ICRA AA 2.10

Equitas Small Finance Bank Limited CARE A+ 2.09

India Infoline Finance Ltd ICRA AA 2.08

Ujjivan Small Finance Bank Ltd ICRA A+ 2.07

JK Lakshmi Cement Limited CARE AA 2.04

IndoStar Capital Finance Ltd CARE AA- 1.73

Adani Transmission Limited IND AA+ 1.66


ZERO COUPON BOND 7.71

Adani Power Limited BWR AA-(SO) 3.36

Edelweiss Commodities Services Ltd CARE AA 2.19

Amri Hospitals Ltd BWR A+(SO) 2.16


GOVERNMENT BOND Sovereign 2.44


NET ASSETS 100%

DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

230.64 Cr.

AS ON 31ST MAR’17

242.28 Cr.

BENCHMARK

Crisil Composite Bond Fund Index

AVERAGE MATURITY*


*


8.36%


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

FUND MANAGER

Corporate Bond - 74.93%, Total Money Market Instruments* - 11.11%, Zero Coupon Bond - 7.71%, State Government Bond - 3.81%, Government Bond - 2.44%

CRISIL AAA/ BWR AAA/ CRISIL AAA(SO) & Equivalent - 44.39% ICRA AA/ CRISIL AA/ CARE AA/ CARE AA(SO) - 19.60% CRISIL AA-/ BWR AA-(SO)/ CARE AA- - 14.34% BWR A+(SO)/ CARE A+/ ICRA A+ - 9.62% SOV - 6.25% ICRA AA+/ IND AA+ - 5.80%

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

tern

al R

ate

Sens

itivi

ty

High

Med

Low


FUND STYLE


PORTFOLIO

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

FACTSHEETMARCH 2017

EXIT LOAD

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


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Regular Savings Fund - Growth 10.68% 10.73% 9.49% 9.48% 15,746

28-Mar-12Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% 9.45% 9.45% 15,721Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 8.86% 15,300Axis Regular Savings Fund - Direct Plan - Growth 11.44% 11.83% - 10.18% 15,067

07-Jan-13Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% - 9.32% 14,580Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.10% 13,903Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes of Axis Mutual Fund. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager.

DIVIDENDS

16

(AN OPEN-ENDED DEBT SCHEME)

AXIS REGULAR SAVINGS FUND

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


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 95.61CORPORATE BOND 69.51Power Finance Corporation Limited CRISIL AAA 10.72Reliance Jio Infocomm Limited CRISIL AAA 4.82Nirma Ltd CRISIL AA 4.63National Highways Auth Of Ind CRISIL AAA 3.80Rural Electrification Corporation Limited

CRISIL AAA 3.73

Nirchem Cement Limited CRISIL AA 2.92Muthoot Finance Limited CRISIL AA 2.88ECL Finance Ltd ICRA AA 2.65Hinduja Leyland Finance Ltd CARE A+ 2.42Oriental Nagpur Betul Highway Limited

CRISIL AAA(SO)

2.32

ICICI Bank Limited ICRA AA+ 2.31Birla Corporation Limited ICRA AA 2.31Power Grid Corporation of India Limited

CRISIL AAA 2.09

JK Lakshmi Cement Limited CARE AA 2.00UPL Limited BWR AA+ 1.79Dewan Housing Finance Corporation Limited

BWR AAA 1.75

Ujjivan Small Finance Bank Ltd ICRA A+ 1.73Cholamandalam Investment and Finance Company Limited

ICRA AA 1.64

IndoStar Capital Finance Ltd CARE AA- 1.46JM Financial Products Ltd CRISIL AA 1.44Hansdeep Industries & Trading Co. Ltd.

CARE AA(SO)

1.35

Shriram Transport Finance Company Limited

CRISIL AA+ 1.35

India Infoline Finance Ltd ICRA AA 1.31Indiabulls Housing Finance Limited BWR AAA 1.29LIC Housing Finance Limited CRISIL AAA 1.29HDFC Limited CRISIL AAA 0.88Adani Transmission Limited IND AA+ 0.87Tata Motors Limited CARE AA+ 0.61NABARD CRISIL AAA 0.56Tata Power Company Limited ICRA AA 0.53IDFC Bank Limited ICRA AAA 0.06STATE GOVERNMENT BOND Sovereign 12.61ZERO COUPON BOND 11.63

Adani Power LimitedBWR AA-

(SO)2.47

Amri Hospitals Ltd BWR A+(SO) 2.12Tata Motors Finance Ltd CRISIL AA 1.75SVL Ltd. ICRA AA(SO) 1.58Dewan Housing Finance Corporation Limited

CARE AAA 1.54

Edelweiss Commodities Services Ltd CARE AA 0.77Dev Infracity Pvt Ltd IND AA-(SO) 0.62Cholamandalam Investment and Finance Company Limited

ICRA AA 0.43

India Infoline Finance Ltd ICRA AA 0.35GOVERNMENT BOND Sovereign 1.86TOTAL MONEY MARKET INSTRUMENTS^ 1.36

BANKS 1.36NABARD CRISIL A1+ 1.36NET CURRENT ASSETS 3.03NET ASSETS 100%^Certificate of Deposit

DATE OF ALLOTMENT

15th July 2014MONTHLY AVERAGE

1,695.26 Cr.

AS ON 31ST MAR’17

1,731.50 Cr.

BENCHMARK


AVERAGE MATURITY*


*


8.07%



FUND MANAGER

Corporate Bond - 69.51% State Government Bond -12.61% Zero Coupon Bond - 11.63% Total Money Market Instruments* - 4.39% Government Bond - 1.86%

CRISIL A1+/ CRISIL AAA/ CARE AAA/ BWR AAA/ ICRA AAA/ CRISIL AAA(SO) & Equivalent - 39.22%

ICRA AA/ CRISIL AA/ CARE AA/ ICRA AA(SO)/ CARE AA(SO) - 28.55%

SOV - 14.47% CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+/

BWR AA+ - 6.94% BWR A+(SO)/ ICRA A+/ CARE A+ - 6.27% IND AA-(SO)/ CARE AA-/ BWR AA-(SO) - 4.55%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE


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

AXIS FIXED INCOME OPPORTUNITIES FUND FACTSHEETMARCH 2017

(AN OPEN-ENDED DEBT SCHEME)

EXIT LOAD

For 30% of investment: Nil For remaining investment: 1.5% if redeemed/switched out within 1 year, 1% if redeemed/switched out after 1 year and upto 2 years, 0.5% if redeemed/switched out after 2 years and upto 3 years from the date of allotment (w.e.f. 14th December 2015)


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Fixed Income Opportunities Fund - Growth 9.02% - - 9.60% 12,822

15-Jul-14CRISIL Short-Term Bond Fund Index (Benchmark) 9.10% - - 9.23% 12,704

CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% - - 7.81% 12,263Axis Fixed Income Opportunities Fund - Direct Plan - Growth 10.44% - - 10.75% 13,192

15-Jul-14CRISIL Short-Term Bond Fund Index (Benchmark) 9.10% - - 9.23% 12,704

CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% - - 7.81% 12,263Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 46 schemes. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager.

DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendMar 27, 2017 0.0330 0.0305 10.1623 10.1167 0.0399 - 10.1061 10.0508Feb 27, 2017 0.0363 0.0336 10.1672 10.1169 0.0442 - 10.1127 10.0514Jan 25, 2017 0.0429 0.0397 10.2169 10.1576 0.0462 - 10.1546 10.0907

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10.* For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

17


EXIT LOAD

PORTFOLIO

% OF ASSETS

TOTAL DEBT 92.37

GOVERNMENT BOND 92.37

7.61% GOI 44.56

7.68% GOI 11.96

7.59% GOI 10.22

8.60% GOI 8.67

8.20% GOI 3.66

6.79% GOI 3.37

8.28% GOI 3.08

8.83% GOI 2.52

7.35% GOI 2.34

8.40% GOI 1.98


Net Assets 100%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

86.50 Cr.

AS ON 31ST MAR’17

87.17 Cr.

BENCHMARK

Crisil 10 Year Gilt Index

AVERAGE MATURITY*



7.06%


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

FUND MANAGER

Government Bond - 92.37%, Total Money Market Instruments* - 7.63%.

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

Inte

rnal

Rat

e Se

nsiti

vity High

Med

Low


FUND STYLE


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

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

FACTSHEETMARCH 2017

NIL


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Constant Maturity 10 Year Fund - Growth 10.42% 10.64% 8.17% 7.65% 14,663

23-Jan-12Crisil 10 Year Gilt Index (Benchmark) 11.87% 11.41% 8.79% 8.26% 15,094Axis Constant Maturity 10 Year Fund - Direct Plan - Growth 10.98% 11.20% - 8.29% 14,025

Crisil 10 Year Gilt Index (Benchmark) 11.87% 11.41% - 8.26% 14,006 01-Jan-13Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager.

DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -Sep 26, 2016 0.1806 0.1673 11.9880 11.7380 - - - -Mar 28, 2016 0.3611 0.3345 11.5547 11.0547 0.3611 0.3345 11.7019 11.2019Jan 25, 2017 0.1120 0.1540 10.2619 10.1068 0.1153 - 10.2694 10.1098Dec 26, 2016 0.0632 0.0883 10.1460 10.0584 0.0666 - 10.1537 10.0615

Regular Dividend Nov 25, 2016 0.2295 0.3169 10.8078 10.4900 0.2329 - 10.8159 10.4934Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

18


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 72.78



CRISIL AAA 14.05


NABARD CRISIL AAA 7.78

Indiabulls Housing Finance Limited BWR AAA 5.03

Indian Railway Finance Corp Ltd CRISIL AAA 4.40

LIC Housing Finance Limited CRISIL AAA 4.35

Mahindra Rural Housing Finance IND AA+ 4.29

Small Industries Dev Bank of India CARE AAA 4.04

Export Import Bank of India CRISIL AAA 3.43

HDFC Limited CRISIL AAA 3.12

Dewan Housing Finance Corporation Limited

BWR AAA 2.78


CRISIL AAA 1.79



TOTAL MONEY MARKET INSTRUMENTS^ 24.05

BANKS 24.05

HDFC Bank Limited CARE A1+ 8.48

IndusInd Bank Limited CRISIL A1+ 8.19

IDFC Bank Limited ICRA A1+ 7.38


NET ASSETS 100%

^Certificate of Deposit

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

631.22 Cr.

AS ON 31ST MAR’17

581.68 Cr.

BENCHMARK


AVERAGE MATURITY*



7.08%



FUND MANAGER

Corporate Bond - 69.01% Total Money Market Instruments* - 27.22% State Government Bond - 3.77%

ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ BWR AAA & Equivalent - 91.08%

ICRA AA+/ IND AA+ - 5.15% SOV - 3.77%


Inte

rnal

Rat

e Se

nsiti

vity

High

Med

Low


FUND STYLE

Credit Risk Rating[ICRA] AAAmfs$


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

AXIS BANKING & PSU DEBT FUND(AN OPEN-ENDED DEBT SCHEME)

FACTSHEETMARCH 2017

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

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Banking & PSU Debt Fund - Growth 7.98% 8.51% - 8.74% 14,969

08-Jun-12Crisil Short Term Bond Fund Index (Benchmark) 9.10% 9.29% - 9.13% 15,228Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.45% 14,131Axis Banking & PSU Debt Fund - Direct Plan - Growth 8.17% 8.70% - 8.83% 14,326

01-Jan-13Crisil Short Term Bond Fund Index (Benchmark) 9.10% 9.29% - 9.12% 14,485Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,550Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 1,000 invested at inception. The scheme is in existence for less than 5 years, hence performance for 5 years period are not provided. 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. Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on Page 28-29 for performance of all schemes managed by the fund manager.

DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendMar 27, 2017 3.1732 - 1,011.8545 1,007.4611 3.2688 - 1,011.9880 1,007.4622Feb 27, 2017 3.8926 - 1,012.8506 1,007.4611 4.0068 - 1,013.0101 1,007.4622Jan 25, 2017 6.6649 - 1,016.6888 1,007.4611 6.7692 - 1,016.8342 1,007.4622


19

Quick Take - Equity

•

•

•

Equity market valuations are broadly reasonable.

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.

Indian equity markets were up3.3 percent during the month of March. The Nifty 50 Index hit its all-time high this month post euphoria on BJP’s landslide victory in the state elections. Midcaps were also positive during the month as indicated by the BSE Midcap Index which delivered 4 percent. Market sentiment was helped by record buying by foreign investors. Foreign Portfolio investments in debt and equity markets in March were at 3.3 and 2.5 billion dollars respectively. On the other hand, net flows by domestic institutional investors were negative in March after being net buyers for six consecutive months. While the election results are unlikely to have a long-term material impact for the markets, they have reinforced the rising probability that the current governmentwould get re-elected for its second term in 2019. To the market this implies continuity in the government’s policies as well as more support inthe upper house of Parliament, which would be important inexecution of its reform agenda.The other key development in March was that the GST Council cleared all the five GST bills which were subsequently passed by the Parliament.GST has now moved into its final lap and has a good chance of getting rolled out from 1st July.GDP for 3QFY17 came in at a healthy 7.1%. However this number likely understates the overall impact of the currency ban because the most affected parts of the economy i.e. informal and cash-based—are either not captured in the GDP data or their inclusion is based on formal sector indicators. The rupee strengthened owing to record FPI inflows and softening of the USD post the FOMC meeting. The rupee was also helped by crude oil which was off its recent highs.The earning season for the third quarter showed mixed results. Although Nifty companies reported an overall growth in PAT of 0.8% YoY, impact on sectors was mixed. Companies in metals and energy did well due to a favourable turn in commodity prices. Volume growth was weak in automobiles and cement and few large-sized consumer goods companies. Credit offtake was weak in the banking sector. Management commentary across sectors suggests that normalization of activities is likely in the March quarter. Once companies start reporting March quarter results things will become clearer.Other key events during the month were BJP’s landslide victory in crucial state elections and a widely expected US Fed rate hike of 25 bps. The 25bps increase in the Fed funds rate was widely expected, but the tone post the Federal Open Market Committee (FOMC) was more dovish than what the markets expected.Bond markets on a point to point basis were flattishduring the month with the benchmark 10 year closing at 6.68%. The economy has continued its rebound from demonetisation. Economic activity still remains subdued as indicated by the IIP data for January at 2.7% However; January’s reading reversed the decline in December when activity was hit by cash shortage. Personal vehicle sales rose Y-o-Y during February while two-wheeler and commercial vehicle sales were flat Y-o-Y but this was their best performance in four months post demonetization. Manufacturing sentiment during the month picked up marginally as indicated by the PMI reading for February. Services PMI came back to expansion zone after three months in the contraction territory.CPI inflation moved up in February to 3.7% from 3.2% in previous month.Personal vehicle sales rose Y-o-Y during February while two-wheeler and commercial vehicle sales were flat Y-o-Y.This was however their best performance in four months post demonetization. Food inflation moved to 2% from 0.6% in January. This was mainly on account of the dissipating effect of lower vegetable prices exaggerated during the cash shortage in December. CPI for March is widely expected to be within RBI’s target zone of 5%.Liquidity continued to remain positive in March. Demonetisation has led to substantial improvement in banking system liquidity which should keep the system easy going forward and is already helping shorter term bonds. Banks have cut deposit rates in view of the surge in liquidity and are likely to maintain lower deposit and lending rates going forward. Further, the announcement of the buy-back of around 75000 crores of securities which is likely in the short term debt maturing over the next 2-3 years is positive for the shorter end of the curve. We had previously argued that RBI is close to the end of the rate cut cycle. RBI’s neutral stance supports this view. In this context we believe that short bonds are likely to outperform long bonds going forward. Money market and short term bonds are beneficiaries of the abundant banking system liquidity following demonetization and are relatively insulated from the risks of global rates and inflationary pressures.The RBI’s focus on controlling inflation in the medium term provides some opportunities too. If inflation is indeed contained to 4% on a sustainable basis, yields can drop materially over the next couple of years. While rates may remain elevated in the near term, this may prove very attractive with a slightly longer term investment horizon.

Quick Take - Fixed Income

•

•

•

RBI maintains neutral stance post February policy. Indicates fewer chances of rate cuts in the near term.Money market and short term bonds are also beneficiaries of the abundant banking system liquidity.Investor should look to invest in short to medium term funds as a core portfolio allocation. Investors who wish to participate in long bonds can look to do so through dynamic bond funds. 10 yr G-Sec : Last 1 year

7.47%

6.68%

18.5%

Key highlights

HYBRIDOUTLOOK

APRIL 2017

20


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 31.13TOTAL FIXED DEPOSIT 3.63CORPORATE BOND 17.52Power Finance Corporation Limited CRISIL AAA 3.68Reliance Jio Infocomm Limited CRISIL AAA 3.43Cholamandalam Investment and Finance Company Limited ICRA AA 3.01Housing Development Finance Corporation Limited CRISIL AAA 3.00Dewan Housing Finance Corporation Limited BWR AAA 1.36Rural Electrification Corporation Limited CRISIL AAA 1.35ICICI Bank Limited ICRA AA+ 0.67Ujjivan Small Finance Bank Ltd ICRA A+ 0.67Power Grid Corporation of India Limited CRISIL AAA 0.35GOVERNMENT BOND Sovereign 7.43ZERO COUPON BOND 2.55Amri Hospitals Ltd BWR A+(SO) 1.41Tata Motors Finance Ltd CRISIL AA 1.14TOTAL EQUITY 65.84TOTAL UNHEDGED EQUITY 44.84AUTO 2.70Maruti Suzuki India Limited 1.94Tata Motors Limited 0.76AUTO ANCILLARIES 2.00Motherson Sumi Systems Limited 2.00BANKS 4.66HDFC Bank Limited 1.69ICICI Bank Limited 0.40Kotak Mahindra Bank Limited 2.16State Bank of India 0.41CEMENT 2.96Shree Cements Limited 2.96CHEMICALS 1.31Pidilite Industries Limited 1.31CONSTRUCTION PROJECT 0.27Larsen & Toubro Limited 0.27CONSUMER DURABLES 3.39Symphony Limited 2.59TTK Prestige Limited 0.79CONSUMER NON DURABLES 3.14Britannia Industries Limited 1.59Nestle India Limited 1.55FINANCE 11.43Bajaj Finance Limited 1.75Cholamandalam Investment and Finance Company Limited 2.56HDFC Limited 2.74Multi Commodity Exchange of India Limited 1.30Sundaram Finance Limited 3.09INDUSTRIAL CAPITAL GOODS 1.52Bharat Electronics Limited 0.57Siemens Limited 0.95INDUSTRIAL PRODUCTS 3.06Astral Poly Technik Limited 1.08Cummins India Limited 1.98PESTICIDES 1.69PI Industries Limited 1.69PHARMACEUTICALS 1.11Sun Pharmaceuticals Industries Limited 1.11POWER 2.50Torrent Power Limited 2.50SOFTWARE 2.48Infosys Limited 2.48TELECOM - EQUIPMENT & ACCESSORIES 0.61Astra Microwave Products Limited 0.61TOTAL HEDGED EQUITY 21.00Equitas Holdings Limited 0.85BEML Limited 0.04Housing Development Finance Corporation Limited 0.46Britannia Industries Limited 0.16Zee Entertainment Enterprises Limited 0.56Sun Pharmaceuticals Industries Limited 0.12MRF Limited 0.05Maruti Suzuki India Limited 0.12Cipla Limited 0.79Tata Motors Limited 0.96The Federal Bank Limited 0.54Bharat Electronics Limited 0.47Bharat Financial Inclusion Limited 0.61Asian Paints Limited 1.33Tata Consultancy Services Limited 0.19Tata Chemicals Limited 0.48Reliance Industries Limited 6.68Reliance Capital Limited 1.15Power Grid Corporation of India Limited 1.06ITC Limited 0.60Indiabulls Real Estate Limited 0.28Indiabulls Housing Finance Limited 0.05IDFC Bank Limited 0.36IDFC Limited 0.15Glenmark Pharmaceuticals Limited 0.12Divi's Laboratories Limited 0.04Century Textiles & Industries Limited 1.59Dewan Housing Finance Corporation Limited 1.14Debt, Cash & Other Receivables 3.03NET ASSET 100%

DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

755.67 Cr.

AS ON 31ST MAR’17

743.34 Cr.

BENCHMARK

Crisil MIP Blended Fund

Index

Mr. Anupam TiwariWork experience: 10 years.

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



FUND MANAGER

Unhedged Equity - 44.84%

Debt, Cash and Other Receivables - 34.16%

Hedged Equity - 21.00%

CRISIL AAA/ BWR AAA & Equivalent - 16.19% SOV - 7.43% ICRA AA/ CRISIL AA - 4.15% BWR A+(SO)/ ICRA A+ - 2.08% ICRA AA+ - 0.67%


FUND STYLE

Low MidDuration

High

*Hedged Equity/ Cash-futures arbitrage

Ass

et C

lass

Equity

Debt

Equity Arbitrage

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

AXIS EQUITY SAVER FUND(AN OPEN-ENDED EQUITY SCHEME)

FACTSHEETMARCH 2017

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


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Equity Saver Fund - Growth 10.64% - - 5.55% 10,92014-Aug-15CRISIL MIP Blended Index (Benchmark) 12.30% - - 9.59% 11,610

Nifty 50 (Additional Benchmark) 18.55% - - 4.65% 10,769Axis Equity Saver Fund - Direct Plan - Growth 12.06% - - 6.91% 11,150

14-Aug-15CRISIL MIP Blended Index (Benchmark) 12.30% - - 9.59% 11,610Nifty 50 (Additional Benchmark) 18.55% - - 4.65% 10,769Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 4 schemes & R. Sivakumar is managing the scheme since inception and he manages 5 schemes. Please refer to annexure on Page 28 & 29 for performance of all schemes managed by the fund managers.

DIVIDENDS


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendFeb 20, 2017 0.0130 0.0130 10.3330 10.3200 0.0520 0.0520 10.5320 10.4800Dec 05, 2016 0.0625 0.0625 10.1025 10.0400 0.0625 0.0625 10.2725 10.2100Nov 02, 2016 0.0625 0.0625 10.3825 10.3200 0.0625 0.0625 10.5525 10.4900

Quarterly Dividend Sep 26, 2016 0.1875 0.1875 10.5475 10.3600 0.1875 0.1875 10.6775 10.4900Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. #Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.

21

AVERAGE MATURITY@*

5 yearsMODIFIED DURATION

@*


7.64%PORTFOLIO TURNOVER# (1 YEAR)

5.68 times


PORTFOLIO

RATING % OF ASSETSTOTAL DEBT 62.07CORPORATE BOND 52.85Power Finance Corporation Limited CRISIL AAA 11.44NABARD CRISIL AAA 9.05Rural Electrification Corporation Limited CRISIL AAA 5.93Reliance Jio Infocomm Limited CRISIL AAA 5.25IDFC Bank Limited ICRA AAA 3.73Mahindra & Mahindra Financial Services Limited

IND AAA 3.71

National Highways Auth Of Ind CRISIL AAA 2.99Nirchem Cement Limited CRISIL AA 2.98Tata Sons Ltd CRISIL AAA 1.86SRF Limited IND AA 1.60Family Credit Ltd CARE AA+ 1.50Cholamandalam Investment and Finance Company Limited

ICRA AA 1.50

HDFC Limited CRISIL AAA 0.84LIC Housing Finance Limited CRISIL AAA 0.45Blue Dart Express Limited ICRA AA 0.02ZERO COUPON BOND 9.22SVL Ltd. ICRA AA(SO) 4.61Dev Infracity Pvt Ltd IND AA-(SO) 2.48India Infoline Finance Ltd ICRA AA 1.92Dewan Housing Finance Corporation Limited

CARE AAA 0.18

Shriram Transport Finance Company Limited IND AA+ 0.04TOTAL MONEY MARKET INSTRUMENTS^ 5.79OTHERS 5.79Shapoorji Pallonji and Company Private Ltd ICRA A1+ 3.62Family Credit Ltd CARE A1+ 2.17TOTAL EQUITY 27.63FINANCE 3.91HDFC Limited 1.55Bajaj Finance Limited 0.85Multi Commodity Exchange of India Limited 0.77Cholamandalam Investment and Finance Company Limited

0.73

AUTO ANCILLARIES 3.53Motherson Sumi Systems Limited 1.19Endurance Technologies Limited 0.83Amara Raja Batteries Limited 0.79WABCO India Limited 0.72BANKS 3.52HDFC Bank Limited 2.13Kotak Mahindra Bank Limited 1.39AUTO 2.82Eicher Motors Limited 1.17Maruti Suzuki India Limited 0.95Tata Motors Limited 0.71CEMENT 1.95JK Lakshmi Cement Limited 1.07Shree Cements Limited 0.88CONSUMER NON DURABLES 1.71Nestle India Limited 0.91Asian Paints Limited 0.79TRANSPORTATION 1.62Blue Dart Express Limited 0.99Container Corporation of India Limited 0.63PESTICIDES 1.54PI Industries Limited 0.86UPL Limited 0.68PHARMACEUTICALS 1.37Lupin Limited 0.81Sun Pharmaceuticals Industries Limited 0.56CHEMICALS 0.86Pidilite Industries Limited 0.86INDUSTRIAL PRODUCTS 0.85Cummins India Limited 0.85TEXTILE PRODUCTS 0.80Page Industries Limited 0.80MEDIA & ENTERTAINMENT 0.78Zee Entertainment Enterprises Limited 0.78POWER 0.53Torrent Power Limited 0.53Other Equity (less than 0.50% of the corpus) 1.84

NET CURRENT ASSETS 4.51NET ASSETS 100%^Certificate of Deposit/Commercial Paper 0.52

DATE OF ALLOTMENT

16th July 2010MONTHLY AVERAGE

681.44 Cr.

AS ON 31ST MAR’17

676.26 Cr.

BENCHMARK

Crisil MIP Blended Fund Index

AVERAGE MATURITY@*


@*


7.43%

Mr. Jinesh GopaniWork experience: 14 years.

He has been managing this fund since 02nd September 2013

Mr. Ashish NaikWork experience: 10 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt - 72.37%, Equity - 27.63%

ICRA A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND AAA & Equivalent - 55.73%

ICRA AA/ CRISIL AA/ ICRA AA(SO)/ IND AA - 12.63% IND AA-(SO) - 2.48% CARE AA+/ IND AA+ - 1.54%


Ass

et C

lass

Equity

Debt

EquityArbitrage

Low Mid HighDuration

FUND STYLE


He has been managing this fund since 07th June 2016


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

AXIS INCOME SAVER(AN OPEN-ENDED INCOME FUND)

FACTSHEETMARCH 2017

If redeemed/switch out within 12 months from the date of allotment:- For 10% of investment : Nil - For remaining investment : 1%If redeemed/switch out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015)

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Income Saver - Growth 8.17% 10.28% 9.46% 8.37% 17,156

16-Jul-10Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% 9.92% 8.77% 17,584CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.38% 16,131

Axis Income Saver - Direct Plan - Growth 9.71% 12.02% - 10.80% 15,447

04-Jan-13Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 9.66% 14,782CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.15% 13,939Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 2nd September 2013 and he manages 3 schemes, Devang Shah is managing the scheme since 7th June 2016 and he manages 46 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 3 schemes. Please refer to annexure on Page 28 & 29 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.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

Mar 27, 2017 0.7223 0.6692 12.5556 11.5556 0.5417 0.5019 12.7860 12.0360Mar 28, 2016 0.7222 0.6691 12.5739 11.5739 0.7222 0.6691 12.6583 11.6583Mar 25, 2015 0.3629 0.3365 12.6035 12.1035 0.3629 0.3365 12.5849 12.0849Mar 25, 2014 0.3117 0.2985 10.9526 10.5526 - - - -

Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977Sep 26, 2016 0.3611 0.3346 11.9394 11.4394 0.3611 0.3346 12.3576 11.8576Mar 28, 2016 0.3611 0.3345 11.6671 11.1671 0.3611 0.3345 11.9950 11.4950

Quarterly Dividend

Sep 28, 2015 0.3611 0.3345 12.0570 11.5570 0.3611 0.3345 12.3170 11.8170Mar 27, 2017 0.1806 0.1673 11.0673 10.8173 0.1806 0.1673 13.1368 12.8868Dec 26, 2016 0.1805 0.1672 10.8652 10.6152 0.1805 0.1672 12.8150 12.5650Sep 26, 2016 0.1806 0.1673 11.4144 11.1644 0.1806 0.1673 13.3820 13.1320

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

DIVIDENDS

22


PORTFOLIO

RATING % OF ASSETSTOTAL DEBT 32.82TOTAL FIXED DEPOSIT 1.04GOVERNMENT BOND Sovereign 17.90CORPORATE BOND 13.88Power Finance Corporation Limited CRISIL AAA 10.38HDFC Limited CRISIL AAA 2.81Cholamandalam Investment and Finance Company Limited

ICRA AA 0.70

TOTAL EQUITY 65.01TOTAL UNHEDGED EQUITY 58.27AUTO 5.57Mahindra & Mahindra Limited 1.07Maruti Suzuki India Limited 2.89Tata Motors Limited 1.61AUTO ANCILLARIES 2.92Motherson Sumi Systems Limited 2.92BANKS 10.79City Union Bank Limited 1.25HDFC Bank Limited 4.55ICICI Bank Limited 1.72Kotak Mahindra Bank Limited 3.28CHEMICALS 1.07Pidilite Industries Limited 1.07CONSTRUCTION PROJECT 2.18Larsen & Toubro Limited 2.18CONSUMER NON DURABLES 3.07Asian Paints Limited 1.85ITC Limited 1.22FINANCE 9.13Bajaj Finance Limited 2.04Cholamandalam Investment and Finance Company Limited

1.37

CRISIL Limited 0.79HDFC Limited 3.64Sundaram Finance Limited 1.29GAS 1.05Indraprastha Gas Limited 1.05INDUSTRIAL CAPITAL GOODS 0.87Siemens Limited 0.87INDUSTRIAL PRODUCTS 2.87Carborundum Universal Limited 1.01Cummins India Limited 1.86MEDIA & ENTERTAINMENT 1.85Zee Entertainment Enterprises Limited 1.85PESTICIDES 1.11UPL Limited 1.11PETROLEUM PRODUCTS 1.22Gulf Oil Lubricants India Limited 1.22PHARMACEUTICALS 6.44Cadila Healthcare Limited 1.81Sanofi India Limited 1.71Sun Pharmaceuticals Industries Limited 2.38Torrent Pharmaceuticals Limited 0.54POWER 1.04Torrent Power Limited 1.04SOFTWARE 3.90Info Edge (India) Limited 0.92Infosys Limited 2.27Tech Mahindra Limited 0.71TEXTILE PRODUCTS 2.62Page Industries Limited 1.29SRF Limited 1.32TRANSPORTATION 0.57Gujarat Pipavav Port Limited 0.57TOTAL HEDGED EQUITY 6.74HDFC Limited 2.18Dish TV India Limited 0.68Aurobindo Pharma Limited 1.41Tata Motors Limited 0.18Century Textiles & Industries Limited 0.08Mahindra & Mahindra Limited 0.31Indiabulls Real Estate Limited 0.27IDFC Limited 0.45Bharat Financial Inclusion Limited 1.18DEBT, CASH & OTHER RECEIVABLES 2.17NET ASSETS 100%

DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

282.70 Cr.

AS ON 31ST MAR’17

288.82 Cr.

BENCHMARK

50% Nifty 50 + 50% Crisil

Composite Bond Fund Index

AVERAGE MATURITY@*


@*

5 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

7.25%


He has been managing this fund since 6th July 2016


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

FUND MANAGER

Unhedged Equity - 58.27%, Debt, Cash and Other Receivables - 34.99%, Hedged Equity - 6.74%.

SOV - 17.90% CRISIL AAA & Equivalent - 15.36% ICRA AA - 0.70%

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

sset

Cla

ss

Equity

Debt

EquityArbitrage

Large MidDuration

High

*Hedged Equity/ Cash-futures arbitrage

FUND STYLE

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

FACTSHEETMARCH 2017

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

EXIT LOAD

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

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth 10.48% - - 7.94% 11,055

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704

Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth 12.27% - - 9.65% 11,285


Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth 10.47% - - 7.93% 11,054


Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth 12.65% - - 10.08% 11,344


Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Past 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 3 schemes & R. Sivakumar manages 5 schemes. Please refer to annexure on Page 28 for performance of all schemes managed by the fund managers.@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

23


PORTFOLIO

RATING % OF ASSETS

TOTAL DEBT 35.17CORPORATE BOND 23.28Reliance Gas Transportation Infrastructure Ltd

CRISIL AAA 7.60


CRISIL AAA 6.52

Tata Power Company Limited CRISIL AA- 3.84Hindalco Industries Limited CRISIL AA- 3.29Power Finance Corporation Limited CRISIL AAA 1.14India Infrastructure Fin Co Ltd CRISIL AAA 0.88GOVERNMENT BOND Sovereign 11.89TOTAL EQUITY 37.20BANKS 7.08HDFC Bank Limited 3.07Kotak Mahindra Bank Limited 2.34ICICI Bank Limited 1.67FINANCE 5.76HDFC Limited 2.69Gruh Finance Limited 1.01Bajaj Finance Limited 1.00Max Financial Services Limited 0.54Cholamandalam Investment and Finance Company Limited

0.52

AUTO ANCILLARIES 3.65Motherson Sumi Systems Limited 1.07WABCO India Limited 1.04Amara Raja Batteries Limited 0.80Endurance Technologies Limited 0.74AUTO 2.76Eicher Motors Limited 1.49Maruti Suzuki India Limited 1.28CONSUMER NON DURABLES 2.51Asian Paints Limited 1.26ITC Limited 1.25SOFTWARE 1.98Infosys Limited 1.01Info Edge (India) Limited 0.97CONSTRUCTION PROJECT 1.98Larsen & Toubro Limited 1.98PHARMACEUTICALS 1.70Sun Pharmaceuticals Industries Limited

0.92

Cadila Healthcare Limited 0.78TRANSPORTATION 1.66Blue Dart Express Limited 0.90Container Corporation of India Limited

0.76

INDUSTRIAL PRODUCTS 1.64Cummins India Limited 1.64CONSUMER DURABLES 1.63Blue Star Limited 1.63CEMENT 1.37Shree Cements Limited 1.37PESTICIDES 1.19PI Industries Limited 1.19POWER 1.05Torrent Power Limited 1.05INDUSTRIAL CAPITAL GOODS 0.88Siemens Limited 0.88OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.35

EXCHANGE TRADED FUNDS 24.97Axis Gold ETF 24.97Net Current Assets 2.66NET ASSETS 100%

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

334.52 Cr.

AS ON 31ST MAR’17

335.56 Cr.

BENCHMARK35% of Nifty 50 + 35% of Crisil

Composite Bond Fund Index + 30% Of

INR Price of Gold

AVERAGE MATURITY@*


@*


7.84%

Mr. R. Sivakumar Work experience: 16 years.

He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER

Debt* - 37.83%, Equity - 37.20%, ETFs - 24.97%

CRISIL AAA & Equivalent - 18.80% SOV - 11.89% CRISIL AA- - 7.14%


Ass

et C

lass

Equity

Debt

Gold

Low Mid HighDuration

FUND STYLE


INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded funds.

AXIS TRIPLE ADVANTAGE FUND(AN OPEN - ENDED HYBRID FUND)

FACTSHEETMARCH 2017

If redeemed/switch out within 12 months from the date of allotment:- For 10% of investment : Nil - For remaining investment : 1%If redeemed/switch out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015)

EXIT LOAD


1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)




Inception date

Date ofInception

Axis Triple Advantage Fund - Growth 10.47% 8.75% 8.40% 8.16% 16,788

23-Aug-1035% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark)

10.04% 8.56% 7.51% 8.10% 16,732

Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.43% 8.79% 7.77% 16,400Axis Triple Advantage Fund - Direct Plan Growth 11.59% 9.92% - 7.86% 13,789

01-Jan-1335% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark)

10.04% 8.56% - 6.63% 13,134

Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.43% - 8.26% 14,006Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 5 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 3 schemes. Please refer to annexure on Page 28 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.

DIVIDENDS

Regular Plan

Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

Others

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

Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.Past performance may or may not be sustained in future. Face Value of units is ` 10. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.

24

Axis Equity Fund - Growth Option

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

Total Amount Invested 8,60,000 6,00,000 3,60,000 1,20,000Market value as on March 31, 2017 13,40,019 8,26,476 4,04,478 1,28,445Returns (Annualised) 12.15% 12.78% 7.72% 13.37%Benchmark Returns (Annualised) 9.99% 11.14% 8.38% 17.97%Additional Benchmark Returns (Annualised) 9.26% 10.17% 7.02% 16.72%

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st March 2017)

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

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

Axis Long Term Equity Fund - Growth Option



^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50. Inception Date: Dec 29, 2009. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.

Axis Midcap Fund - Growth Option



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

Axis Focused 25 Fund - Growth Option


Total Amount Invested 5,70,000 NA 3,60,000 1,20,000Market value as on March 31, 2017 8,38,787 NA 4,46,470 1,34,236Returns (Annualised) 16.32% NA 14.51% 22.82%Benchmark Returns (Annualised) 10.96% NA 8.38% 17.97%Additional Benchmark Returns (Annualised) 13.35% NA 10.96% 21.24%

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

Axis Equity Saver Fund - Growth Option

SIP Investments Since Inception SIP 1 Year SIP

Total Amount Invested 2,00,000 1,20,000Market value as on March 31, 2017 2,14,197 1,26,082Returns (Annualised) 8.12% 9.58%Benchmark Returns (Annualised) 10.63% 10.09%Additional Benchmark Returns (Annualised) 14.05% 17.97%

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

Axis Triple Advantage Fund - Growth Option



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

Axis Income Saver - Growth Option



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

25

NAV (as on 31st March 2017)

Fund Name


Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Quartely Dividend

Half Yearly

Dividend

Annual Dividend

Bonus Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Bonus Growth Daily Dividend

Weekly Dividend

Monthly Dividend

Quartely Dividend

Half Yearly

Dividend

Annual Dividend

Bonus

Axis Equity Fund 20.91 13.96 - - - - - - - - - 21.86 14.65 - - - -

Axis Focused 25 Fund

21.16 16.43 - - - - - - - - - 22.27 22.00 - - - -

Axis Long Term Equity Fund

34.53 20.20 - - - - - - - - - 36.30 30.92 - - - -

Axis Midcap Fund 27.81 21.66 - - - - - - - - - 29.26 25.15 - - - -

Axis Equity Saver Fund

10.92 10.60 - 10.58 10.73 - - - - - - 11.15 10.37 - 10.76 10.92 -

Axis Triple Advantage Fund

16.7880 13.6924 - - - - - - - - - 17.4953 15.0679 - - - -

Axis Income Saver 17.1563 - - - 10.8506 11.1413 11.5912 - - - - - - 18.1838 - - - 12.9272 11.6341 12.0737 -

Axis Constant Matu-rity 10 Year Fund

14.6628 9.9465 - - - 11.4906 - - - - - - - 14.9865 9.9587 - - - - - -

Axis Dynamic Bond Fund

16.9132 - - - 10.5576 10.7597 - - - - - - - 17.7933 - - - 11.1837 11.3352 - -

Axis Regular Savings Fund

15.7456 - - - 10.5220 10.8927 - - - - - - - 16.3622 - - - 11.0377 11.0907 - -

Axis Fixed Income Opportunities Fund

12.8215 - 10.1836 10.1343 - - - - - - - - - 13.1920 - 10.2654 10.0697 - - - -

Axis Short Term Fund 17.7802 11.8946 10.2642 10.2037 - - - 178821 17.5797 - 10.1724 10.0496 - 18.4013 11.2096 10.2648 10.0517 - - - -

Axis Banking & PSU Debt Fund

1496.8533 1008.0388 1008.7637 1008.9434 - - - - - - - - - 1508.2745 1008.0388 1008.7836 1008.9629 - - - 1508.7074

Axis Treasury Advantage Fund

1816.0627 1006.2334 1007.1553 1006.6019 - - - - 1707.1583 1005.4758 1005.7055 1006.5507 - 1846.1020 1007.2893 1005.8188 1006.6690 - - - 1844.4997

Axis Liquid Fund 1798.0178 1000.8759 1002.9146 1001.4117 - - - - 1716.8568 1000.6413 1001.2877 1000.9837 - 1803.2266 1000.6413 1002.9237 1001.0504 - - - 1803.1210

Axis Enhanced Arbitrage Fund

11.9206 10.4753 - - - - - - - - - - - 12.1872 10.8248 - - - - - -

Axis Children’s Gift Fund No Lock-In

11.0540 11.0590 - - - - - - - - - - - 11.3436 11.2842 - - - - - -

Axis Children’s Gift Fund Compulsory Lock-In

11.0553 11.0599 - - - - - - - - - - - 11.2851 11.2841 - - - - - -

26

Fund Name Entry Load

Minimum Investment Amount (`)

Additional Purchase Amount (`)

Minimum SIP Amount (`)

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

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

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

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

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

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

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

Axis Constant Maturity 10 Year Fund

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

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

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

Axis Fixed Income Opportunities Fund

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

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

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

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

Axis Liquid Fund NA Growth Option: `500 and in

multiples of ` 1/- thereafterAll other

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

Growth Option: ` 500 and in

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

multiples of ` 1/- thereafter

-

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

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

LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS

Please refer to the website for current load structure

27

1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)

Since InceptionCAGR (%)

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

dateDate of inception

FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 2 SCHEMES)Axis Equity Fund - Growth 14.64% 12.91% 15.08% 10.73% 20,910

05-Jan-10Nifty 50 (Benchmark) 18.55% 11.01% 11.60% 7.94% 17,381S&P BSE Sensex (Additional Benchmark) 16.88% 9.77% 11.21% 7.38% 16,748Axis Equity Fund - Direct Plan - Growth@@ 15.72% 14.15% - 14.77% 17,947

01-Jan-13Nifty 50 (Benchmark) 18.55% 11.01% - 10.73% 15,416S&P BSE Sensex (Additional Benchmark) 16.88% 9.77% - 10.24% 15,127Axis Midcap Fund - Growth 20.55% 22.12% 21.27% 18.20% 27,810

18-Feb-11S&P BSE Midcap (Benchmark) 32.75% 25.76% 17.28% 13.03% 21,161Nifty 50 (Additional Benchmark) 18.55% 11.01% 11.60% 8.86% 16,805Axis Midcap Fund - Direct Plan - Growth@@ 21.92% 23.78% - 19.59% 21,373

01-Jan-13S&P BSE Midcap (Benchmark) 32.75% 25.76% - 17.15% 19,585Nifty 50 (Additional Benchmark) 18.55% 11.01% - 10.73% 15,416

FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 5 SCHEMES)Axis Long Term Equity Fund - Growth* 18.30% 21.64% 22.48% 18.62% 34,527

29-Dec-09S&P BSE 200 (Benchmark) 22.47% 14.17% 13.08% 8.73% 18,361Nifty 50 (Additional Benchmark) 18.55% 11.01% 11.60% 8.17% 17,683Axis Long Term Equity Fund - Direct Plan - Growth*@@ 19.63% 23.16% - 23.30% 24,337

01-Jan-13S&P BSE 200 (Benchmark) 22.47% 14.17% - 12.22% 16,318Nifty 50 (Additional Benchmark) 18.55% 11.01% - 10.73% 15,416Axis Income Saver - Growth # 8.17% 10.28% 9.46% 8.37% 17,156

16-Jul-10Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% 9.92% 8.77% 17,584CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.38% 16,131Axis Income Saver - Direct Plan - Growth #@@ 9.71% 12.02% - 10.80% 15,447

04-Jan-13Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 9.66% 14,782CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.15% 13,939Axis Focused 25 Fund - Growth@@ 25.13% 18.72% - 17.07% 21,160

29-Jun-12Nifty 50 (Benchmark) 18.55% 11.01% - 12.32% 17,378S&P BSE 200 (Additional Benchmark) 22.47% 14.17% - 14.03% 18,670Axis Focused 25 Fund - Direct Plan - Growth@@ 26.61% 20.28% - 16.46% 19,099

01-Jan-13Nifty 50 (Benchmark) 18.55% 11.01% - 10.73% 15,416S&P BSE 200 (Additional Benchmark) 22.47% 14.17% - 12.22% 16,318

FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 5 SCHEMES)Axis Equity Saver Fund - Growth@ 10.64% - - 5.55% 10,920

14-Aug-15CRISIL MIP Blended Index (Benchmark) 12.30% - - 9.59% 11,610Nifty 50 (Additional Benchmark) 18.55% - - 4.65% 10,769Axis Equity Saver Fund - Direct Plan - Growth@ 12.06% - - 6.91% 11,150

14-Aug-15CRISIL MIP Blended Index (Benchmark) 12.30% - - 9.59% 11,610Nifty 50 (Additional Benchmark) 18.55% - - 4.65% 10,769Axis Triple Advantage Fund - Growth 10.47% 8.75% 8.40% 8.16% 16,788


10.04% 8.56% 7.51% 8.10%16,732

Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.43% 8.79% 7.77% 16,400Axis Triple Advantage Fund - Direct Plan Growth@@ 11.59% 9.92% - 7.86% 13,789


10.04% 8.56% - 6.63%13,134

Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.43% - 8.26% 14,006Axis Dynamic Bond Fund - Growth 11.03% 10.62% 9.36% 9.26% 16,913

27-Apr-11Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% 9.45% 9.21% 16,864Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.99% 15,781Axis Dynamic Bond Fund - Direct Plan - Growth@@ 12.04% 11.96% - 10.48% 15,268

01-Jan-13Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% - 9.39% 14,642Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.26% 14,006Axis Capital Protection Oriented Fund - Series 5 #@@ 7.86% 6.66% - 8.04% 14,063

02-Nov-12Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 9.89% 15,157Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.45% 13,728Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@ 10.48% - - 7.94%

11,055

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@ 12.27% - - 9.65% 11,285

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@ 10.47% - - 7.93% 11,054

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@ 12.65% - - 10.08% 11,344

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911

FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 3 SCHEMES)Axis Triple Advantage Fund - Growth 10.47% 8.75% 8.40% 8.16% 16,788


10.04% 8.56% 7.51% 8.10% 16,732

Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.43% 8.79% 7.77% 16,400Axis Triple Advantage Fund - Direct Plan Growth@@ 11.59% 9.92% - 7.86% 13,789


10.04% 8.56% - 6.63% 13,134

Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.43% - 8.26% 14,006Axis Income Saver - Growth # 8.17% 10.28% 9.46% 8.37% 17,156

16-Jul-10Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% 9.92% 8.77% 17,584CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.38% 16,131Axis Income Saver - Direct Plan - Growth #@@ 9.71% 12.02% - 10.80% 15,447

04-Jan-13Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 9.66% 14,782CRISIL 10 year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.15% 13,939Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@ 10.48% - - 7.94% 11,055

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@ 12.27% - - 9.65% 11,285

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@ 10.47% - - 7.93% 11,054

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@ 12.65% - - 10.08% 11,344

08-Dec-1550% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.99% - - 12.74% 11,704Nifty 50 (Additional Benchmark) 18.55% - - 14.26% 11,911

FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 3 SCHEMES)Axis Liquid Fund - Growth 7.28% 8.15% 8.62% 8.16% 17,980

09-Oct-09Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 7.75% 17,479Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.60% 16,131Axis Liquid Fund - Direct Plan - Growth@@ 7.37% 8.23% - 8.54% 14,166

31-Dec-12Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% - 8.38% 14,079Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,556Axis Liquid Fund - Retail Plan - Growth 6.72% 7.60% 8.09% 7.92% 17,169

01-Mar-10Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 8.03% 17,283Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.83% 15,971Axis Treasury Advantage Fund - Growth 7.84% 8.29% 8.78% 8.30% 18,161

09-Oct-09Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 7.75% 17,479Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.60% 16,131Axis Treasury Advantage Fund - Direct Plan - Growth@@ 8.24% 8.74% - 9.05% 14,448

01-Jan-13Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% - 8.38% 14,077Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,550

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st March 2017)

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Above data excludes schemes which have not completed a year. W.e.f January 1st, 2013, Axis Short Term Fund – Institutional Plan, Axis Treasury Advantage Fund – Institutional Plan & Axis Liquid Fund – Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund respectively. The above data excludes performance of direct plans of schemes which have not completed a year.

28

1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)

Since InceptionCAGR (%)

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

dateDate of inception

Axis Treasury Advantage Fund - Retail Plan - Growth 7.13% 7.59% 7.99% 7.84% 17,07203-Mar-10Crisil Liquid Fund Index (Benchmark) 7.11% 8.04% 8.36% 8.02% 17,273

Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% 7.54% 6.83% 15,968Axis Banking & PSU Debt Fund - Growth@@ 7.98% 8.51% - 8.74% 14,969

08-Jun-12Crisil Short Term Bond Fund Index (Benchmark) 9.10% 9.29% - 9.13% 15,228Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.45% 14,131Axis Banking & PSU Debt Fund - Direct Plan - Growth@@ 8.17% 8.70% - 8.83% 14,326

01-Jan-13Crisil Short Term Bond Fund Index (Benchmark) 9.10% 9.29% - 9.12% 14,485Crisil 1 Year T-Bill Index (Additional Benchmark) 7.15% 7.85% - 7.42% 13,550

FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 4 SCHEMES) Axis Equity Saver Fund - Growth@ 10.64% - - 5.55% 10,920

14-Aug-15CRISIL MIP Blended Index (Benchmark) 12.30% - - 9.59% 11,610Nifty 50 (Additional Benchmark) 18.55% - - 4.65% 10,769Axis Equity Saver Fund - Direct Plan - Growth @ 12.06% - - 6.91% 11,150

14-Aug-15CRISIL MIP Blended Index (Benchmark) 12.30% - - 9.59% 11,610Nifty 50 (Additional Benchmark) 18.55% - - 4.65% 10,769Axis Small Cap Fund - Growth@@ 26.37% 28.51% - 30.10% 24,060

29-Nov-13Nifty Free Float Smallcap 100 (Benchmark) 42.99% 23.65% - 26.55% 21,938Nifty 50 (Additional Benchmark) 18.55% 11.01% - 12.59% 14,854Axis Small Cap Fund - Direct Plan - Growth@@ 27.72% 29.95% - 31.55% 24,970

29-Nov-13Nifty Free Float Smallcap 100 (Benchmark) 42.99% 23.65% - 26.55% 21,938Nifty 50 (Additional Benchmark) 18.55% 11.01% - 12.59% 14,854

TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 8 - Growth #@@ 11.28% 6.70% - 7.32% 12,522

24-Jan-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 11.47% 14,130Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.87% 12,727Axis Hybrid Fund - Series 8 - Direct Plan - Growth #@@ 12.44% 7.72% - 8.36% 12,911

24-Jan-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 11.47% 14,130Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.87% 12,727Axis Hybrid Fund - Series 9 - Growth #@@ 11.23% 6.76% - 7.48% 12,532

13-Feb-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 12.04% 14,271Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.96% 12,709Axis Hybrid Fund - Series 9 - Direct Plan - Growth #@@ 12.39% 7.78% - 8.51% 12,911

13-Feb-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 12.04% 14,271Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.96% 12,709Axis Hybrid Fund - Series 11 - Growth #@ 9.97% - - 5.97% 11,828

9-May-14CRISIL MIP Blended Index (Benchmark) 12.30% - - 11.17% 13,587CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% - - 7.86% 12,450Axis Hybrid Fund - Series 11 - Direct Plan - Growth #@ 11.12% - - 7.06% 12,185

9-May-14CRISIL MIP Blended Index (Benchmark) 12.30% - - 11.17% 13,587CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% - - 7.86% 12,450

BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 7 - Growth #@@ 5.06% 4.67% - 7.14% 12,791

05-Sep-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 11.55% 14,772CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 7.95% 13,142Axis Hybrid Fund - Series 7 - Direct Plan - Growth #@ - - - - -

05-Sep-13CRISIL MIP Blended Index (Benchmark) - - - - -CRISIL 1 Year T-Bill (Additional Benchmark) - - - - -Axis Hybrid Fund - Series 6 - Growth #@@ 4.30% 4.34% - 7.02% 12,789

16-Aug-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 12.12% 15,140CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 8.06% 13,245Axis Hybrid Fund - Series 6 - Direct Plan - Growth #@@ 5.30% 5.33% - 8.06% 13,242

16-Aug-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 12.12% 15,140CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 8.06% 13,245Axis Hybrid Fund - Series 5 - Growth #@@ 3.06% 3.87% - 6.08% 12,428

25-Jul-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 11.00% 14,692CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 7.99% 13,272Axis Hybrid Fund - Series 5 - Direct Plan - Growth #@@ 4.04% 4.86% - 7.09% 12,872

25-Jul-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 11.00% 14,692CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 7.99% 13,272

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 46 SCHEMES)Axis Hybrid Fund - Series 8 - Growth #@@ 11.28% 6.70% - 7.32% 12,522

24-Jan-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 11.47% 14,130Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.87% 12,727Axis Hybrid Fund - Series 8 - Direct Plan - Growth #@@ 12.44% 7.72% - 8.36% 12,911

24-Jan-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 11.47% 14,130Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.87% 12,727Axis Hybrid Fund - Series 9 - Growth #@@ 11.23% 6.76% - 7.48% 12,532

13-Feb-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 12.04% 14,271Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.96% 12,709Axis Hybrid Fund - Series 9 - Direct Plan - Growth #@@ 12.39% 7.78% - 8.51% 12,911

13-Feb-14Crisil MIP Blended Fund Index (Benchmark) 12.30% 11.37% - 12.04% 14,271Crisil 1 yr Tbill Index (Additional Benchmark) 7.15% 7.85% - 7.96% 12,709Axis Dynamic Bond Fund - Growth 11.03% 10.62% 9.36% 9.26% 16,913

27-Apr-11Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% 9.45% 9.21% 16,864Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.99% 15,781Axis Dynamic Bond Fund - Direct Plan - Growth@@ 12.04% 11.96% - 10.48% 15,268

01-Jan-13Crisil Composite Bond Fund Index (Benchmark) 11.09% 11.26% - 9.39% 14,642Crisil 10 Year Gilt Index (Additional Benchmark) 11.87% 11.41% - 8.26% 14,006

BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 46 SCHEMES)Axis Hybrid Fund - Series 5- Growth #@@ 3.06% 3.87% - 6.08% 12,428

25-Jul-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 11.00% 14,692CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 7.99% 13,272Axis Hybrid Fund - Series 5 - Direct Plan - Growth # 4.04% 4.86% - 7.09% 12,872

25-Jul-13CRISIL MIP Blended Index (Benchmark) 12.30% 11.37% - 11.00% 14,692CRISIL 1 Year T-Bill (Additional Benchmark) 7.15% 7.85% - 7.99% 13,272Axis Gold Fund - Growth -0.06% -3.49% -2.39% -1.15% 9,390

20-Oct-11Domestic Price of Gold -1.61% 1.16% -1.07% -0.11% 9,942Additional Benchmark Not ApplicableAxis Gold Fund - Direct Plan@@ 0.84% -2.18% - -3.29% 8,675

01-Jan-13Domestic Price of Gold -1.61% 1.16% - -2.88% 8,833Additional Benchmark Not ApplicableAxis Gold ETF -5.20% -0.80% -1.39% 3.95% 12,808

10-Nov-10Domestic Price of Gold -1.61% 1.16% -1.07% 4.11% 12,937Additional Benchmark Not Applicable

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st March 2017)

Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2,026.8434/- invested at inception for Axis Gold Exchange Traded Fund and on Rs. 10/- invested at inception for all other schemes. Different plans have 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 Income Saver since 2nd Sep 2013 and Axis Focused Bluechip Fund since 7th June 2016 and Axis Emerging Opportunities Fund - Series 1 since 29th Dec 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017.

Shreyash Devalkar is managing Axis Equity Fund and Axis Midcap Fund since 23rd November 2016.

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

Ashwin Patni is managing Axis Enhanced Arbitrage Fund, Axis Capital Protection Fund – Series 5 and all Axis Hybrid Funds since 27th April, 2015 (since inception date for Axis Hybrid Funds launched after 27th April, 2015).

Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Constant Maturity Fund , Axis Regular Savings Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Fixed Income Opportunities Fund since inception and Axis Treasury Advantage Fund and Axis Income Saver (Debt portion), Axis Children’s Gift Fund, Axis Gold Fund, Axis Gold ETF and all Axis Fixed Term Plans since 7th June, 2016.

Ashish Naik is managing the equity portion of Axis Income Saver and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children’s Gift Fund since July 6th, 2016.

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Weighted Average Expense Ratio for the MonthScheme - Regular Plan / Direct Plan : Axis Hybrid Fund - Series 5: 2.45% / 1.60%, Axis Hybrid Fund - Series 6: 2.45% / 1.60%, Axis Hybrid Fund - Series 7: 2.29% / 1.43%, Axis Hybrid Fund - Series 8: 2.26% / 1.31%, Axis Hybrid Fund - Series 9: 2.27% / 1.32%, Axis Hybrid Fund - Series 11: 2.31% / 1.36%, Axis Hybrid Fund - Series 12: 2.28% / 1.33%, Axis Hybrid Fund - Series 13 : 2.18% / 1.23%, Axis Hybrid Fund - Series 14 : 2.19% / 1.19%, Axis Hybrid Fund - Series 15 : 2.27% / 1.27%, Axis Hybrid Fund - Series 18 : 2.19% / 1.14%, Axis Hybrid Fund - Series 19 : 2.27% / 1.22%, Axis Hybrid Fund - Series 22 : 2.06% / 0.87%, Axis Hybrid Fund - Series 23 : 2.07% /0.88%, Axis Hybrid Fund - Series 24 : 2.03% / 0.84%, Axis Hybrid Fund - Series 25 : 2.15% / 0.96%, Axis Hybrid Fund - Series 26 : 2.12% / 0.93%, Axis Hybrid Fund - Series 27 : 2.09% /0.90%, Axis Hybrid Fund - Series 28 : 2.10% / 0.91%, Axis Hybrid Fund - Series 29 : 2.25% / 1.06%, Axis Hybrid Fund - Series 30 : 2.20% / 1.01%, Axis Hybrid Fund - Series 31* : 2.11% / 0.81%, Axis Hybrid Fund - Series 32* : 2.07% / 1.07%, Axis Hybrid Fund - Series 33* : 2.08% / 0.78%, Axis Hybrid Fund - Series 35* : 2.14% / 0.84%, Axis Liquid Fund : 0.13% / 0.05%, Axis Treasury Advantage Fund : 0.72% / 0.14%, Axis Banking & PSU Debt Fund : 0.33% / 0.18%, Axis Short Term Fund : 0.85% / 0.25%, Axis Dynamic Bond Fund : 1.30% / 0.55%, Axis Constant Maturity 10 Year Fund : 0.65% / 0.20%, Axis Regular Savings Fund : 1.00% / 0.49%, Axis Gold ETF : 1.00% / -, Axis Gold Fund :1.00% / 0.15%, Axis Fixed Income Opportunities Fund* : 1.25% / 0.30%, Axis Enhanced Arbitrage Fund : 0.95% / 0.25%, Axis Income Saver* : 2.09% / 1.24%, Axis Long Term Equity Fund*: 1.98% / 1.27%, Axis Focused 25 Fund* : 2.22% / 1.50%, Axis Equity Fund : 2.10% / 1.40%, Axis Triple Advantage Fund : 1.70% / 0.92%, Axis Midcap Fund* : 2.21% / 1.39%, Axis Equity Saver Fund* : 2.35% / 1.55%, Axis Small Cap Fund : 2.52% / 1.57%, Axis Children’s Gift Fund : 2.54% / 0.99%, Axis Capital Protection Oriented Fund -Series 5: 2.37% / -, Axis Emerging Opportunities Fund* - Series 1: 2.25% / 0.95%, Axis Emerging Opportunities Fund* - Series 2: 2.02% / 0.72%, Axis Fixed Maturity Plan - Series 42 : 0.52% / 0.18%, Axis Fixed Maturity Plan - Series 43 : 0.41% / 0.05%, Axis Fixed Maturity Plan - Series 47 : 0.48% / 0.08%, Axis Fixed Maturity Plan - Series 49 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 52 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 53 : 0.52% / 0.08%, Axis Fixed Maturity Plan - Series 61 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 64 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 67 : 0.66% / 0.02%, Axis Fixed Maturity Plan - Series 69 : 0.58% / 0.05%, Axis Fixed Maturity Plan - Series 74 : 0.23% / 0.10%

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

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Aditya Pagaria is managing Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking Debt Fund since 13th August, 2016.R. Siva Kumar is managing Axis Dynamic Bond Fund and Axis Capital Protection Fund – Series 5 since inception, Axis Triple Advantage Fund since 14th September 2010 and Axis Equity Saver Fund (debt potion) and Axis Children’s Gift Fund (debt portion) since 7th June 2016.

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

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment 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.

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AXIS EQUITY FUND This product is suitable for investors who are seeking*l Capital appreciation over long terml Investmentinadiversifiedportfoliopredominantlyconsistingofequityandequityrelatedinstruments

AXIS FOCUSED 25 FUND This product is suitable for investors who are seeking*l Capital appreciation over long terml Investmentinaconcentratedportfolioofequity&equityrelatedinstrumentsofupto25companies

AXIS LONG TERM EQUITY FUND This product is suitable for investors who are seeking*l Capitalappreciation&generatingincomeoverlongterml Investmentinadiversifiedportfoliopredominantlyconsistingofequityandequityrelatedinstruments

AXIS MIDCAP FUND This product is suitable for investors who are seeking*l Capital appreciation over long terml Investmentpredominantlyinequityandequityrelatedinstrumentsofmidsizecompanieswithfocusonrelatively largercompanieswithinthiscategory

AXIS TRIPLE ADVANTAGE FUND This product is suitable for investors who are seeking*l Capitalappreciation&generatingincomeoverlongterml Investmentinadiversifiedportfolioofequityandequityrelatedinstruments,fixedincomeinstruments&goldexchangetradedfunds

AXIS INCOME SAVER This product is suitable for investors who are seeking*l Capitalappreciationwhilegeneratingincomeovermediumtolongterml Investmentindebtandmoneymarketinstrumentsaswellasequityandequityrelatedinstrumentswhilemanagingriskthroughactiveassetallocation

AXIS GOLD ETF This product is suitable for investors who are seeking*l CapitalAppreciationovermediumtolongterml Investspredominantlyingoldinordertogeneratereturnssimilartotheperformanceofgold,subjecttotrackingerror

AXIS GOLD FUND This product is suitable for investors who are seeking*l CapitalAppreciationovermediumtolongterml InvestspredominantlyinAxisGoldETFinordertogeneratereturnssimilartotheunderlyingfund,subjecttotracking error

AXIS EQUITY SAVER FUND This product is suitable for investors who are seeking*l CapitalAppreciationwhilegeneratingincomeovermediumtolongterml Providecapiltalappreciationandincomedistributiontotheinvestorsbyusingequityandequityrelatedinstruments, arbitrageopportunitiesandinvestmentsindebtandmoneymarketinstruments

AXIS CHILDREN’S GIFT FUND This product is suitable for investors who are seeking*l Capitalappreciation&generatingincomeovermediumtolongterml Investmentindebtandmoneymarketinstrumentsaswellasequityandequityrelatedinstruments

AXIS CONSTANT MATURITY 10 YEAR FUND This product is suitable for investors who are seeking*l Creditriskfreereturnsovermediumtolongterml InvestmentmainlyinGovernmentsecuritiestogeneratereturnssimilartothatof10yeargovernmentbonds

AXIS DYNAMIC BOND FUND This product is suitable for investors who are seeking*l Optimalreturnsovermediumtolongterml Togeneratestablereturnswhilemaintainingliquiditythroughactivemanagementofaportfolioofdebtandmoney marketinstruments

AXIS REGULAR SAVINGS FUND This product is suitable for investors who are seeking*l Optimalreturnsovermediumterml Investmentindiversifiedportfolioofhighqualitydebtandmoneymarketsecuritiestogenerateoptimalriskadjusted returnswhilemaintainingliquidity

AXIS ENHANCED ARBITRAGE FUND This product is suitable for investors who are seeking*l Incomeovershorttomediumterml Investmentinarbitrageopportunitiesinthecash&derivativessegmentoftheequitymarket

AXIS FIXED INCOME OPPORTUNITIES FUND This product is suitable for investors who are seeking*l Stablereturnsintheshorttomediumterml Investmentindebtandmoneymarketinstrumentsacrosstheyieldcurveandcreditspectrum

AXIS SHORT TERM FUND This product is suitable for investors who are seeking*l Regularincomewhilemaintainingliquidityovershorttomediumterml Investmentindebtandmoneymarketinstruments

AXIS BANKING & PSU DEBT FUND This product is suitable for investors who are seeking* l Regularincomeovershorttomediumterml Investmentindebtandmoneymarketinstrumentsissuedbybanks,PFIs&PSUs

AXIS TREASURY ADVANTAGE FUND This product is suitable for investors who are seeking*l Regularincomeovershortterml Investmentindebtandmoneymarketinstruments

AXIS LIQUID FUND This product is suitable for investors who are seeking*l Regularincomeovershortterml Investmentindebtandmoneymarketinstruments

PRODUCT LABELLING

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

Riskometer

Investors understand that their principal will be

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at moderate risk

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at moderately low risk

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Statutory Details & Disclaimers :AxisMutualFundhasbeenestablishedasaTrustundertheIndianTrustsAct,1882,sponsoredbyAxisBankLtd.(liabilityrestrictedto`1Lakh).Trustee: AxisMutualFundTrusteeLimited.Investment Manager: AxisAssetManagementCompanyLimited(theAMC).Risk Factors:AxisBankLimitedisnotliableorresponsibleforanylossorshortfallresultingfromtheoperationofanyofthemutualfundschemeslaunchedbytheAMC.Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

To know more, visit www.axismf.com

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