the rate are applicable for the financial year 2019-20 as

The rate are applicable for the financial year 2019-20 as per Finance Act, 2019

^^If total turnover or gross receipts of the financial year 2017-18 does not exceed 400 crores.`

ELSS investment is subject to lock-in for 3 years.As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to ` 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961.Tax Savings of 46,800 shown above is calculated for the highest income tax slab.`

Total Income of Individual or HUF unit holder Rate of SurchargeExceeding 50 lac but not exceeding 1 crores 10%

Exceeding 1 crores but not exceeding 2 crores 15%

Exceeding 2 crores but not exceeding 5 crores 25%

Exceeding 5 crores 37%

$

$Individual/HUF

Individual/HUF

(e) If total turnover or gross receipts of the financial year 2017-18 does not exceed ` 400 crs.

ELSS investment is subject to lock-in for 3 years.As per the present tax laws, eligible investors (individual/HUF) are entitled to deduction from their gross income of the amount invested in Equity Linked Saving Scheme (ELSS) up to 1.5 lakhs (along with other prescribed investments) under section 80C of the Income Tax Act, 1961.Tax Savings of 46,800 shown above is calculated for the highest income tax slab.

``

(d) Finance Act, 2019 provides a rebate of lower of actual tax liability or ` 12,500 in case of individuals having total income of less than ̀ 5,00,000.

(c)

Total Income Rate of Surcharge

Exceeding 50 Lac but not exceeding 1 Crores 10%

Exceeding 1 Crores but not exceeding 2 Crores 15%

Exceeding 2 Crores but not exceeding 5 Crores 25%

Exceeding 5 Crores 37%

I N D E X

How To Read A Factsheet

Equity Funds

Debt Funds

Hybrid Funds

6

Equity Outlook 7Axis Bluechip Fund 8Axis Focused 25 Fund 9

Axis Midcap Fund

1011

Axis Arbitrage Fund 38

Fixed Income Outlook 15

Axis Liquid Fund16

Axis Dynamic Bond Fund

22

Axis Strategic Bond Fund

2425

27

Axis Equity Saver Fund

30

34

3536

Axis Treasury Advantage Fund 19

Axis Short Term Fund

21

Axis Gilt Fund 26

Tax Reckoner 2

23

Axis Dynamic Equity Fund

31

Hybrid Outlook 28

12

Axis Ultra Short Term Fund 18

33

Axis Small Cap Fund1314

17

Axis Long Term Equity Fund

Axis Growth Opportunities FundAxis Multicap Fund

Axis Overnight Fund

Axis Money Market Fund 20

Axis Corporate Debt FundAxis Banking & PSU Debt Fund

Axis Credit Risk Fund

Axis Regular Saver Fund

Axis Triple Advantage FundAxis Equity Hybrid FundAxis Children’s Gift Fund

I N D E X

NAV’s

Load Structure And Minimum Investment Amount

Annexure

Expense Ratios

Product Labeling

42

44

45

47

48

40SIP Performance Of Selected Schemes

EQUITYD E C E M B E R 2 0 1 9

10.8%

Nifty 50 - Last 1 year(Absolute)

1.5%

Nifty 50 - MTD(Absolute)

7.0%

Nifty 50 - Last 5 years(CAGR)

QUICK TAKE

KEY HIGHLIGHTS

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

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

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

MARKETS

CORPORATE

GLOBAL

Retail Inflation in India continued its upward trajectory largely driven by food inflation. CPI inflation stood at 4.62% in October compared to 3.99% in September 2019. The jump was

Corporate earnings for the quarter end were ahead of market expectations despite declining on a YoY basis. THE BFSI sector reported strong YoY growth in earnings driven by healthy operating profit growth and improvement in asset quality. Profits in Auto & Auto ancillaries (weak volumes), metals & mining (lower realization and weak domestic demand) and oil, gas & consumable fuels (weak supply demand metrics) sectors declined YoY. On a net balance profits for S&P BSE Sensex group grew 1% YoY while for the Nifty 50 basket declined 3.2% YoY.

Economic activity further deteriorated in Q2 FY 2020 owing to a slump in investment, even though positives emerged from a pick-up in government spending and private consumption. Consistent with weakness in high frequency indicators, real GDP growth moderated sharply to 4.5%. Favourable base effects, increased pace of government spending, lower short-term rates due to lower policy rates and easier liquidity conditions could provide some support to growth in going forward.

Markets continued to hold their nerve in November, keeping pace with their global peers. Corporate earnings were key drivers this month as an optimistic market continued to factor in negatives. The broad market is now keeping up with the rising narrow market. For the month, S&P BSE Sensex & NIFTY 50 ended in positive territory, up 1.7% and 1.5% respectively. NIFTY Midcap 100 & NIFTY Smallcap 100 were up 2.4% & 1.2% respectively.

largely driven by food and vegetable prices due to seasonal factors. Core CPI continues to remain well within the RBI range of 4%. Brent crude ended the month at US$62.4/barrel while the India crude basket followed suit and ended the month at US$64/barrel.

Our focus on quality and are bias towards fundamentally sound business models, the big trend we are looking to play is the corporate deleveraging and operational efficiency story that is unravelling. We continue to remain optimistic on equities over the medium to long term and have positioned our portfolios accordingly. Volatility will remain an inherent factor and hence investors are advised to deploy portfolios in a staggered manner.

The weak headline GDP prints and weak high frequency numbers have been a culmination of a series of bad factors that are already priced in by the markets. A prolonged monsoon and a weak agriculture sector were primary reasons for the weak GDP performance. Going forward we believe revival in government spending and return of rural consumption post the Rabi crop should see GDP numbers improve in a staggered manner.

Mid and small caps have started tracking their large cap peers post 1 year of divergence. The demarcation between fundamentally sound companies and beta plays is clearly evident in current market prices. Our focus will remain on companies with well-defined niches and strong moats are likely to deliver above average returns within the wider mid and small cap basket. Investment opportunities can be looked at in the current market environment.

7

Source: Bloomberg, Axis MF Research.

Please refer to page no 42-43, 47, 48,50 for NAV, TER, Riskometer & Statutory Details.

Instrument Type/Issuer Name Industry % OF NAV

EQUITY 84.07%

EQUITIES 83.69%

HDFC Bank Limited Banks 9.05%

Reliance Industries Limited Petroleum Products 7.69%

ICICI Bank Limited Banks 7.62%

Kotak Mahindra Bank Limited Banks 7.38%

Bajaj Finance Limited Finance 7.37%

Avenue Supermarts Limited Retailing 4.70%

HDFC Limited Finance 4.68%

Infosys Limited Software 4.64%

Asian Paints Limited Consumer Non Durables 3.92%

Bajaj Finserv Limited Finance 3.53%

Hindustan Unilever Limited Consumer Non Durables 3.21%

Nestle India Limited Consumer Non Durables 3.08%

Tata Consultancy Services Limited Software 3.05%

Maruti Suzuki India Limited Auto 1.84%

Bandhan Bank Limited Banks 2.21%

Larsen & Toubro Limited Construction Project 1.60%

Nifty 50 Index Index 1.90%

Tech Mahindra Limited Software 0.99%

UltraTech Cement Limited Cement 0.92%

Divi's Laboratories Limited Pharmaceuticals 0.92%

Titan Company Limited Consumer Durables 0.78%

Pidilite Industries Limited Chemicals 0.76%

Mahindra & Mahindra Limited Auto 0.74%

Eicher Motors Limited Auto 0.61%

Bharti Airtel Limited Telecom - Services 0.50%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.38%

DEBT, CASH & OTHER CURRENT ASSETS 15.93%

GRAND TOTAL 100.00%

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

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

FACTSHEETNOVEMBER 2019

8

PORTFOLIO

Financial Services 41.84

Consumer Goods 15.69

IT 8.68

Energy 7.69

Automobile 4.09

Construction 1.60

Others 1.00

Pharma 0.92

Cement & Cement Products 0.92

Chemicals 0.76

Telecom 0.50

Industrial Manufacturing 0.38

DATE OF ALLOTMENT

5thJanuary 2010

MONTHLY AVERAGE

9,113.39 Cr.

AS ON 30th NOVEMBER’19

9,481.19 Cr.

BENCHMARK

Nifty 50 TRI

STATISTICAL MEASURES(3 YEARS)

Standard Deviation - 11.54%

Beta - 0.84

Sharpe Ratio** - 1.18

FUND MANAGER

Mr. ShreyashDevalkar

Work experience: 18 years. He has been managing this fund since

23rd November 2016

SECTORALLOCATION

(%)

8

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

ENTRY & EXIT LOAD

**Risk-free rate assumed to be 5.25% (MIBOR as on 29-11-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 29th November 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered

PERFORMANCE (as on 29th November 2019)

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 14, 2019 1.33 1.33 16.33 14.83 1.33 1.33 17.77 16.27Mar 15, 2018 2.00 2.00 16.36 14.36 2.00 2.00 17.41 15.41Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39

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. Past 3 dividends, if declared, has been disclosed above .

DIVIDENDS

Period 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of

Investment of` 10,000/-

CAGR (%)

Current Value of

Investment of`. 10,000/-

CAGR (%)

Current Value of


CAGR (%)

Current Value of

Investment of ` 10,000

Date of inception

Axis Bluechip Fund - Regular Plan - Growth Option 17.72% 11,772 18.84% 16,775 9.91% 16,051 12.33% 31,62005-Jan-10Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 10.05% 25,819

S&P BSE Sensex TRI (Additional Benchmark) 14.01% 11,401 16.67% 15,874 8.70% 15,183 10.37% 26,581Axis Bluechip Fund - Direct Plan -Growth Option 19.15% 11,915 20.36% 17,428 11.22% 17,029 16.15% 28,144

01-Jan-13Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113S&P BSE Sensex TRI (Additional Benchmark) 14.01% 11,401 16.67% 15,874 8.70% 15,183 12.76% 22,935Past performance may or may not be sustained in future. Different plans have different expense structure. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : ̀ 10.

PORTFOLIOTURNOVER (1 YEAR)

0.89 times*

0.43 times^



IT 11.00



Energy 7.31

Automobile 6.72

Chemicals 4.48


Pharma 1.42

Telecom 0.38

DATE OF ALLOTMENT

29th June 2012MONTHLY AVERAGE

8,789.06 Cr.


8,890.93 Cr.

BENCHMARK

Nifty 50 TRI



Beta - 0.97


FUND MANAGER

Mr. Jinesh Gopani Work experience:18 years.

He has been managing this fund since 07th June 2016

SECTORALLOCATION

(%)

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

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

9

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

**Risk-free rate assumed to be 5.25% (MIBOR as on 29-11-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 29th November 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Focused 25 Fund - Regular Plan- Growth Option 15.14% 11,514 17.56% 16,241 12.41% 17,962 16.21% 30,50029-Jun-12Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 13.17% 25,053

S&P BSE 200 TRI (Additional Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 13.82% 26,136Axis Focused 25 Fund - Direct Plan - Growth Option 16.71% 11,671 19.02% 16,851 13.86% 19,146 16.33% 28,456

01-Jan-13Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113S&P BSE 200 TRI (Additional Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 12.57% 22,676Past performance may or may not be sustained in future. Different plans have different expense structure. 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 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

PORTFOLIO

Instrument Type/Issuer Name Industry% OF NAV

EQUITY 95.49%

EQUITIES 94.64%












Supreme Industries Limited Industrial Products 4.33%

Info Edge (India) Limited Software 4.29%



Shree Cement Limited Cement 2.67%

V-Guard Industries Limited Consumer Durables 1.66%

WABCO India Limited Auto Ancillaries 1.46%

Cummins India Limited Industrial Products 1.44%




Endurance Technologies Limited Auto Ancillaries 0.84%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendMar 07, 2019 1.59 1.59 18.17 16.37 1.59 1.59 27.74 25.94Mar 08, 2018 2.00 2.00 19.47 17.47 - - - -Feb 28, 2017 1.30 1.30 17.14 15.84 - - - -

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. Past 3 dividends, if declared, has been disclosed above.

DIVIDENDS


0.97 times*

0.69 times^


Financial Services 43.26 Consumer Goods 15.60 IT 12.88 Automobile 9.67 Chemicals 5.13 Industrial Manufacturing 4.09 Energy 3.49 Pharma 1.70 Cement & Cement

Products0.87

Telecom 0.70

DATE OF ALLOTMENT

29th December 2009

MONTHLY AVERAGE

21,232.23 Cr.


21,159.93 Cr.

BENCHMARK

S&P BSE 200 TRI



Beta - 0.94



0.57 times*

0.54 times^

FUND MANAGER

Mr. Jinesh Gopani Work experience: 18 years.

He has been managing this fund since 1st April 2011

SECTORALLOCATION

(%)

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

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

10

Entry Load : NA Exit Load : NIL

**Risk-free rate assumed to be 5.25% (MIBOR as on 29-11-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 29th November 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Jan 31, 2019 2.04 2.04 21.3841 19.0841 1.33 1.33 35.8679 34.3679

DividendMar 22, 2018 2.50 2.50 23.0548 20.5548 1.50 1.50 35.6776 34.1776Jan 31, 2017 2.23 2.23 21.1726 18.9426 - - - -Jan 25, 2016 2.25 2.25 21.2217 18.9717 - - - -

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. Past 3 dividends, if declared, has been disclosed above .

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Long Term Equity Fund - Regular Plan- Growth Option 14.26% 11,426 15.83% 15,532 11.38% 17,155 17.28% 48,62929-Dec-09S&P BSE 200 TRI (Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 10.38% 26,649

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 10.22% 26,267Axis Long Term Equity Fund - Direct Plan - Growth Option 15.32% 11,532 17.01% 16,015 12.57% 18,091 19.98% 35,213

01-Jan-13S&P BSE 200 TRI (Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 12.57% 22,676Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113Past performance may or may not be sustained in future. Different plans have different expense structure. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

PORTFOLIO


EQUITY 97.36%

EQUITIES 96.08%












Torrent Power Limited Power 3.49%

TTK Prestige Limited Consumer Durables 2.71%


Sundaram Finance Limited Finance 1.80%

Symphony Limited Consumer Durables 1.76%


Astral Poly Technik Limited Industrial Products 1.65%



Motherson Sumi Systems Limited Auto Ancillaries 1.47%



Multi Commodity Exchange of India Limited Finance 0.93%




Mas Financial Services Limited Finance 0.52%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



MONTHLY AVERAGE

885.86 Cr.


895.80 Cr.

BENCHMARK

NIFTY LargeMidcap 250

Index TRI

SECTORALLOCATION

(%)

AXIS GROWTH OPPORTUNITIES FUND

11

INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of Equity & Equity Related Instruments both in India as well as overseas. However, there can be no assurance that the investment objective of the Scheme will be achieved.

An open-ended equity scheme investing in both large cap and mid cap stocks

Mr. Jinesh Gopani Work experience: 18 years.

He has been managing this fund since inception.

FUND MANAGER

DATE OF ALLOTMENT

22nd October2018

Entry Load : NAExit Load : If redeemed / switched-out on or before 12 months from the date of allotment, For 10% of investments: Nil. For remaininginvestments: 1%. If redeemed / switched - out after 12 months from the date of allotment: NIL

PORTFOLIO


EQUITY 98.74%

DOMESTIC EQUITIES 77.92%



PI Industries Limited Pesticides 6.40%

Torrent Power Limited Power 6.06%











Cholamandalam Investment and Finance Company Limited Finance 2.55%

Bata India Limited Consumer Durables 2.14%



RBL Bank Limited Banks 1.63%

Tata Global Beverages Limited Consumer Non Durables 1.15%





OTHER DOMESTIC EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.88%

INTERNATIONAL EQUITIES 19.94%

Alphabet INC A Interactive Media & Services 0.96%

Facebook INC Interactive Media & Services 0.84%

JP Morgan Chase & Co Diversified Banks 0.82%

Unitedhealth Group INC Managed Health Care 0.82%

Visa INC Data Processing & Out-sourced Services 0.73%

Roche Holdings Ltd-Spons ADR Pharmaceuticals 0.69%

Rockwell Automation INC Electrical Components & Equipment 0.68%

Nestle SA Packaged Foods & Meats 0.68%

Merck & Co Inc Shs Pharmaceuticals 0.67%

HCA Healthcare INC Health Care Facilities 0.67%

Union Pacific Corp Railroads 0.67%

Novartis Ag-Sponsored ADR Pharmaceuticals 0.67%

Thermo Fisher Scientific INC Life Sciences Tools & Services 0.66%

Home Depot INC Home Improvement Retail 0.65%

AIA Group Ltd-Sp ADR Life & Health Insurance 0.65%

Adobe INC Application Software 0.65%

Total Sa-Spon ADR Integrated Oil & Gas 0.64%

Alibaba Group Holding ADR Internet & Direct Marketing Retail 0.63%

Comcast Corp-Class A Cable & Satellite 0.63%

Autozone INC (USD) Automotive Retail 0.63%

Adidas Ag-Sponsored ADR Apparel, Accessories and Luxury Goods 0.62%

Philip Morris International Tobacco 0.62%

Erste Group Bank Ag-Spon ADR Diversified Banks 0.62%

Danaher Corp Health Care Equipment 0.61%

Fortive Corp Industrial Machinery 0.60%

Nasdaq INC Financial Exchanges & Data 0.58%

Roper Technologies INC Industrial Conglomerates 0.57%

Texas Instrs Inc Com Semiconductors 0.57%

T-Mobile US INC Wireless Telecommunication Services 0.56%

Booking Holdings INC Internet & Direct Marketing Retail 0.56%


GRAND TOTAL 100.00%



IT 11.51


Fertilisers & Pesticides 6.40

Energy 6.06

Automobile 2.91

Pharma 2.82

Chemicals 1.76

Services 1.27

Healthcare Services 0.61

ENTRY & EXIT LOAD

Mr. Hitesh Das (for Foreign Securities)

Work experience: 09 years.He has been managing this fund since

inception.

Note : Industry classification is done as per Global Industry Classification Standard (GICS) by MSCI and Standard & Poor’s for Foreign Equity



Period 1 Year Since Inception

CAGR (%)

Current Value ofInvestment of` 10,000/-

CAGR (%)

Current Value of Investment of ` 10,000

Date of inception

Axis Growth Opportunities Fund - Regular Plan - Growth Option 15.20% 11,520 16.35% 11,82022-Oct-18NIFTY LargeMidcap 250 TRI (Benchmark) 6.97% 10,697 12.86% 11,429

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 17.44% 11,942Axis Growth Opportunities Fund - Direct Plan - Growth Option 17.41% 11,741 18.58% 12,070

22-Oct-18NIFTY Large Midcap 250 TRI (Benchmark) 6.97% 10,697 12.86% 11,429Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 17.44% 11,942Past performance may or may not be sustained in future. Different plans have different expense structure. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Jinesh Gopani is managing the scheme since 22nd October 2018 and he manages 5 schemes of Axis Mutual Fund & Hitesh Das is managing the scheme since 22nd October 2018 and he manage 1 schemes of Axis Mutual Fund Please refer to annexure on Page 45 & 47 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.


MONTHLY AVERAGE

4,972.19 Cr.


5,117.59 Cr.

BENCHMARK

Nifty 500 Index TRI

SECTORALLOCATION

(%)

AXIS MULTICAP FUND

12

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

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

Mr. Shreyash Devalkar Work experience: 18 years.


FUND MANAGER

DATE OF ALLOTMENT

20th November 2017

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

PORTFOLIO


EQUITY 85.11%

EQUITIES 84.26%



















Nifty 50 Index Index 0.98%





ACC Limited Cement 0.72%






GRAND TOTAL 100.00%



IT 6.87

Energy 6.56

Automobile 3.51



Construction 1.61

Pharma 1.01

Others 0.98

Chemicals 0.84

Telecom 0.65



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Multicap Fund - Regular Plan - Growth Option 16.57% 11,657 NA NA NA NA 12.05% 12,590 20-Nov-17Nifty 500 TRI (Benchmark) 9.08% 10,908 NA NA NA NA 4.73% 10,981Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.55% 12,028Axis Multicap Fund - Direct Plan - Growth Option 18.47% 11,847 NA NA NA NA 13.92% 13,020 20-Nov-17Nifty 500 TRI (Benchmark) 9.08% 10,908 NA NA NA NA 4.73% 10,981Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.55% 12,028Past performance may or may not be sustained in future. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Shreyash Devalkar is managing the scheme since 20th Nov 2017 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

ENTRY & EXIT LOAD

PORTFOLIOTURNOVER* (1 YEAR)

0.93 times



Financial Services

25.36

Consumer Goods

17.88

Industrial Manufacturing

9.79

IT 7.57

Pharma 5.58

Construction 4.22

Energy 3.34

Automobile 3.31

Fertilisers & Pesticides

3.20

Services 1.86

Cement & Cement Products

1.34

Chemicals 1.05

DATE OF ALLOTMENT

18th February 2011

MONTHLY AVERAGE

3,678.43 Cr.


3,859.37 Cr.

BENCHMARK

S&P BSE MidcapTRI



Beta - 0.72


FUND MANAGER

Mr. Shreyash Devalkar

Work experience: 18 years.He has been managing this fund since

23rd November 2016

SECTORALLOCATION

(%)

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

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

13

Entry Load : NAExit Load : If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:NIL**Risk-free rate assumed to be 5.25% (MIBOR as on 29-11-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 29th November 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered. ̂ Based on equity and equity derivatives transactions only. TREPs/REPO/FD/Margin FD/MFU/SLB/fixed income securities are not considered


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Feb 14, 2019 2.12 2.12 24.10 21.70 2.12 2.12 29.05 26.65

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


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Midcap Fund - Regular Plan - Growth Option 14.98% 11,498 16.99% 16,004 10.55% 16,524 16.99% 39,69018-Feb-11S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 7.61% 12,458 9.19% 15,528 11.22% 25,443

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 10.83% 24,683Axis Midcap Fund - Direct Plan - Growth Option 16.51% 11,651 18.36% 16,574 11.87% 17,532 18.05% 31,490

01-Jan-13S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 7.61% 12,458 9.19% 15,528 12.72% 22,881Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113Past performance may or may not be sustained in future. Different plans have different expense structure. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 45 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : ̀ 10.

PORTFOLIO


EQUITY 84.50%

EQUITIES 83.17%


City Union Bank Limited Banks 4.83%


Voltas Limited Consumer Durables 4.22%



Bata India Limited Consumer Durables 3.46%

Indraprastha Gas Limited Gas 3.34%

Cholamandalam Investment and Finance Company Limited Finance 3.34%




IPCA Laboratories Limited Pharmaceuticals 2.51%

Aditya Birla Fashion and Retail Limited Retailing 2.37%

MphasiS Limited Software 2.34%

Trent Limited Retailing 2.23%


Kansai Nerolac Paints Limited Consumer Non Durables 1.92%

The Indian Hotels Company Limited

Hotels, Resorts and Other Recreational Activities

1.86%

Mahindra & Mahindra Financial Services Limited Finance 1.68%


Whirlpool of India Limited Consumer Durables 1.65%


Sanofi India Limited Pharmaceuticals 1.58%



ACC Limited Cement 1.34%

SKF India Limited Industrial Products 1.23%

AU Small Finance Bank Limited Banks 1.16%

Aarti Industries Limited Chemicals 1.03%

Max Financial Services Limited Finance 1.03%


TVS Motor Company Limited Auto 0.96%

TTK Prestige Limited Consumer Durables 0.90%

Berger Paints (I) Limited Consumer Non Durables 0.74%

AIA Engineering Limited Industrial Products 0.72%




GRAND TOTAL 100.00%

ENTRY & EXIT LOAD



0.46 times*

0.32 times^


MONTHLY AVERAGE

1,282.84 Cr.


1,366.45 Cr.

BENCHMARK

Nifty Smallcap100 TRI

SECTORALLOCATION

(%)

AXIS SMALL CAP FUND*

14

INVESTMENT OBJECTIVE: To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

(An open ended equity scheme predominantly investing in small cap stocks)

FUND MANAGER

DATE OF ALLOTMENT

29th November 2013

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

PORTFOLIO


EQUITY 80.09%

EQUITIES 79.07%


NIIT Technologies Limited Software 5.65%

Mas Financial Services Limited Finance 5.33%

Galaxy Surfactants Limited Chemicals 5.24%

Can Fin Homes Limited Finance 4.40%

HeidelbergCement India Limited Cement 4.31%

Fine Organic Industries Limited Chemicals 4.23%


Gulf Oil Lubricants India Limited Petroleum Products 3.53%

JK Cement Limited Cement 3.45%

Neogen Chemicals Limited Chemicals 2.55%

TCNS Clothing Co. Limited Textile Products 2.45%

Brigade Enterprises Limited Construction 2.38%

VST Industries Limited Consumer Non Durables 2.36%

Orient Electric Limited Consumer Durables 2.08%

Ahluwalia Contracts (India) Limited Construction 2.03%


Orient Refractories Limited Industrial Products 1.77%

Grindwell Norton Limited Industrial Products 1.67%

Blue Star Limited Consumer Durables 1.58%

Vesuvius India Limited Industrial Products 1.56%

Varroc Engineering Limited Auto Ancillaries 1.53%

Vinati Organics Limited Chemicals 1.34%

JM Financial Limited Finance 1.16%


KNR Constructions Limited Construction 0.91%

SRF Limited Textile Products 0.89%

Igarashi Motors India Limited Auto Ancillaries 0.85%

Chalet Hotels Limited Hotels, Resorts and Other Recreational Activities 0.79%

Indiamart Intermesh Limited Retailing 0.56%

Minda Industries Limited Auto Ancillaries 0.54%

CSB Bank Limited Banks 0.53%

Schaeffler India Limited Industrial Products 0.52%



GRAND TOTAL 100.00%


Chemicals 17.37


Consumer Goods 6.98


IT 5.65

Construction 5.46

Energy 3.53

Textiles 3.34

Automobile 2.92

Pharma 1.84

Services 0.79



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Small Cap Fund - Regular Plan - Growth Option 20.40% 12,040 13.22% 14,510 11.56% 17,291 21.00% 31,400 29-Nov-13Nifty Small Cap 100 TRI (Benchmark) -5.42% 9,458 0.85% 10,258 3.34% 11,787 11.72% 19,450Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 13.21% 21,055Axis Small Cap Fund - Direct Plan - Growth Option 21.79% 12,179 14.51% 15,009 12.80% 18,275 22.37% 33,590 29-Nov-13Nifty Small Cap 100 TRI (Benchmark) -5.42% 9,458 0.85% 10,258 3.34% 11,787 11.72% 19,450Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 13.21% 21,055Past performance may or may not be sustained in future. Different plans have different expense structure. Anupam Tiwari is managing the scheme since 6th Oct 2016 and he manages 7 schemes of Axis Mutual Fund. Please refer to annexure on Page 46-47 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

ENTRY & EXIT LOAD



Beta - 0.52


*Axis Small Cap Fund was launched as a 5 Year Close Ended Equity Scheme (with automatic conversion into an open ended equity scheme on completion of 5 years). The Scheme was converted into an open ended equity scheme w.e.f November 29, 2018.


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 20, 2019 1.99 1.99 25.93 23.68 1.99 1.99 27.91 25.66

DividendOct 16, 2017 2.00 2.00 23.78 21.78 2.00 2.00 24.88 22.88Oct 08, 2015 2.00 2.00 19.65 17.65 2.00 2.00 20.07 18.07


DIVIDENDS

PORTFOLIOTURNOVER* (1 YEAR)

0.43 times

Mr. Anupam Tiwari Work experience: 14 years.

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


**Risk-free rate assumed to be 5.25% (MIBOR as on 29-11-19) - Source: www.fimmda.orgPlease note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 29th November 2019.Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. TREPS/Reverse Repo/Net current assets/ Repo/FD/Margin FD/MFU/SLB are not considered.

FIXEDINCOME

D E C E M B E R 2 0 1 9

6.50%

5.15%

Repo : Last 1 year

3.31%

CPI Inflation : Last 1 year

3.99%

10 yr G-Sec : Last 1 year

6.47%7.63%

Key Market Events• 10 Year at 6.47%: Debt markets remained range bound this

month tracking global peers. The benchmark 10 Year ended the month at 6.47 up 2bps.

• Weak GDP – Time for Introspection: Economic activity further deteriorated in Q2 FY 2020 owing to a slump in investment, even though positives emerged from a pick-up in government spending and private consumption. Consistent with weakness in high frequency indicators, real GDP growth moderated sharply to 4.5%. Favorable base effects, increased pace of government spending, lower short-term rates due to lower policy rates and easier liquidity conditions could provide some support to growth in going forward.

• Monsoons, Inflation & Crude: Prolonged monsoons have had an impact on food production. This has impacted the overall inflation number last month. CPI inflation stood at 4.62% in October compared to 3.99% in September 2019. Core CPI continues to remain well within the RBI range of 4%. Brent crude ended the month at US$62.4/barrel while the India crude basket followed suit and ended the month at US$64/barrel.

• Global Economy – Rising Yields: Global DM yields have jumped since September 2019 on renewed optimism of global growth. Easing trade tensions between US & China have also buoyed bond yields. The risk on trade has seen bond yields rise ~30bps across geographies. EM yields including India have seen yields follow suit.

10 YEAR G-SEC YIELD

6.47%

• Long bonds will remain range bound. AAA corporate bonds offer attractive opportunities for long term investors.

• Economy remains weak, RBI remains dovish and accommodative to stimulate growth.

• Short to medium term credit strategies offer attractive risk reward opportunities.

Market ViewThe weak headline GDP prints and weak high frequency numbers have been a culmination of a series of bad factors that are already priced in by the markets. A prolonged monsoon and a weak agriculture sector were primary reasons for the weak GDP performance. Going forward we believe revival in government spending and return of rural consumption post the Rabi crop should see GDP numbers improve in a staggered manner.

Looking at the current fiscal condition, the government has already overshot its budget estimates. For the rest of the year, we believe the fiscal deficit at the central level is likely to rise by 30-50 bps. This would also entail an additional borrowing to the tune of Rs. 50-75,000 Crore. Policy action in December and additional borrowing by center will be awaited by the market.

From the RBI’s point of view, policy action has already addressed growth concerns by reducing rates by 135bps since January 2019. We estimate, the RBI may cut rates further by an additional 15- 25 bps by the end of the financial year. The move if it comes through will be symbolic rather than a correction of monetary policy. From an investment point of view, the liquidity trade is largely over. AAA Long corporate bonds currently offer attractive investment opportunities for long term investors looking to lock in rates. As the economy revives, albeit gradually and given the headroom available today on account of the steepness in the yield curve, we believe this strategy is likely to remain attractive as compared to short term strategies and tax free bonds.

Another theme we like currently is ‘Credits’. The AA segment in general currently looks attractive as market uncertainty around such papers subsides. Investors who understand credit risk and are ok with some short term volatility should invest in highly diversified largely AA oriented credit funds as we see reasonable spreads between AAA & AA curves making them attractive bets from a risk reward perspective.

QUICK TAKE

15 Source: Bloomberg, Axis MF Research.


PORTFOLIO

Instrument Type/Issuer Name RATING % Of NAV

TREPS and Net Current Assets 100.00%

GRAND TOTAL 100.00%

DATE OF ALLOTMENT

15th March 2019MONTHLY AVERAGE

1,279.82 Cr.


1,729.85 Cr.

BENCHMARK

NIFTY 1D Rate Index

AVERAGE MATURITY*

02 daysMODIFIED DURATION*

02 daysMACULARY DURATION*

02 daysPORTFOLIO YIELD (YIELD TO MATURITY&)

4.94%

Mr. Aditya PagariaWork experience: 12 years.

He has been managing this fund since inception

FUND MANAGER

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

INVESTMENT OBJECTIVE: The investment objective of the Scheme is to provide reasonable returns commensurate with very low interest rate risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no

assurance or guarantee that the investment objective of the scheme would be achieved.

AXIS OVERNIGHT FUND(An open-ended debt scheme investing in overnight securities)

Entry Load : NAExit Load : NIL

16

^^


Options Record Date

Dividend (` Per unit)

NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individ-uals/ HUF

OthersIndividuals/

HUFOthers

Monthly Dividend

Nov 25, 2019 2.9369 2.7198 1,004.9160 1000.8385 2.9700 2.7508 1,004.9698 1000.8457

Oct 25, 2019 2.8502 2.6394 1,004.7956 1,000.8385 2.8883 2.6736 1,004.8540 1,000.8457

Sep 25, 2019 3.0660 2.8386 1,005.0942 1,000.8385 3.1030 2.8741 1,005.1547 1,000.8457


DIVIDENDS

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

Note: Since the Scheme has not completed one year, performance details for the Scheme are not provided.

ENTRY & EXIT LOAD


Net Current Assets 100.00% AAA, SOV & Equivalent 100.00%


PORTFOLIO

Instrument Type/Issuer Name RATING % Of NAVCOMMERCIAL PAPER 51.79%

Reliance Jio Infocomm Limited CRISIL A1+ 4.55%

Reliance Retail Ltd CRISIL A1+ 3.57%

Indian Oil Corporation Limited ICRA A1+ 3.18%

Chennai Petroleum Corporation Limited CRISIL A1+ 2.67%

UltraTech Cement Limited IND A1+/CRISIL A1+ 2.19%

L&T Finance Holdings Limited ICRA A1+/CARE A1+ 2.10%

Aditya Birla Fashion and Retail Limited CRISIL A1+ 1.95%

Larsen & Toubro Limited CRISIL A1+ 1.87%

Bajaj Housing Finance Limited CRISIL A1+/IND A1+ 1.78%

Aditya Birla Finance Limited ICRA A1+ 1.63%

JSW Steel Limited ICRA A1+ 1.62%

Hero Fincorp Limited CRISIL A1+ 1.62%

Muthoot Finance Limited CRISIL A1+ 1.46%

Adani Ports and Special Economic Zone Limited ICRA A1+ 1.30%

SBI Cards & Payment Services Limited CRISIL A1+ 1.14%

ICICI Securities Limited CRISIL A1+ 1.14%

Tata Capital Housing Finance Limited CRISIL A1+ 0.98%

Walwhan Renewable Energy Limited CARE A1+ 0.97%

Bharti Telecom Limited CRISIL A1+ 0.89%

Cholamandalam Investment and Finance Company Limited CRISIL A1+ 0.89%

Manappuram Finance Limited CRISIL A1+ 0.81%

Redington (India) Limited CRISIL A1+ 0.81%

Bajaj Finance Limited CRISIL A1+ 0.81%

Indus Towers Limited CRISIL A1+ 0.81%

HDFC Limited CRISIL A1+ 0.73%

Godrej Properties Limited CRISIL A1+ 0.73%

CESC Limited ICRA A1+ 0.65%

Aditya Birla Capital Limited CRISIL A1+ 0.65%

Tata Teleservices (Maharashtra) Limited CRISIL A1+ 0.65%

Reliance Industries Limited CRISIL A1+ 0.65%

UPL Limited CRISIL A1+ 0.65%

NTPC Limited CRISIL A1+ 0.49%

ICICI Home Finance Company Limited ICRA A1+ 0.49%

Julius Baer Capital India Pvt Ltd. CRISIL A1+ 0.49%

Barclays Investments & Loans (India) Private Limited CRISIL A1+ 0.46%

Standard Chartered Invest & Loans Limited CRISIL A1+ 0.35%

Nuvoco Vistas Corporation Limited CRISIL A1+ 0.33%

Dalmia Cement (Bharat) Limited ICRA A1+ 0.33%

Godrej Consumer Products Limited CRISIL A1+ 0.33%

Varroc Engineering Limited ICRA A1+ 0.33%

Vedanta Limited CRISIL A1+ 0.33%

Export Import Bank of India CRISIL A1+ 0.33%

Network18 Media & Investments Limited CARE A1+ 0.33%

TVS Credit Services Limited CRISIL A1+ 0.33%

LIC Housing Finance Limited ICRA A1+ 0.32%

Kotak Mahindra Investments Limited CRISIL A1+ 0.24%

Tata Capital Financial Services Limited CRISIL A1+ 0.24%

TV18 Broadcast Limited CARE A1+ 0.24%

Reliance Cement Company Private Limited CRISIL A1+ 0.16%

Bahadur Chand Investments Pvt Limited ICRA A1+ 0.16%

NABARD CRISIL A1+ 0.08%

TREASURY BILL 27.94%

91 Days Tbill Sovereign 17.43%



CERTIFICATE OF DEPOSIT 8.67%

IDFC First Bank Limited ICRA A1+ 3.32%

IndusInd Bank Limited CRISIL A1+ 2.25%

Kotak Mahindra Bank Limited CRISIL A1+ 0.81%

Indian Bank IND A1+ 0.65%

The Federal Bank Limited CRISIL A1+ 0.65%

Andhra Bank CARE A1+ 0.49%

ICICI Bank Limited ICRA A1+ 0.32%


CORPORATE BOND 2.17%

HDFC Limited CRISIL AAA 1.75%

HDB Financial Services Limited CRISIL AAA 0.33%

LIC Housing Finance Limited CRISIL AAA 0.10%

BILLS REDISCOUNTING 1.30%


ZERO COUPON BOND 0.35%

Mahindra & Mahindra Financial Services Limited IND AAA 0.35%

NET CURRENT ASSETS 7.78%

GRAND TOTAL 100.00%

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

30,765.82 Cr.


30,627.81 Cr.

BENCHMARK

NIFTY Liquid Index

AVERAGE MATURITY*




5.26%

Mr. Devang ShahWork experience: 18 years.

He has been managing this fund since5th November 2012.


He has been managing this fund since13th August 2016.

FUND MANAGER


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

AXIS LIQUID FUND(An Open-Ended Liquid Scheme)

Entry Load : NAExit Load : (Effective date October 20, 2019)

17

^^

Regular Plan Retail Plan Direct Plan

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)

Individ-uals/ HUF

OthersIndividu-

als/ HUF

Oth-ers

Individu-als/ HUF

Others

Monthly Dividend

Nov 25, 2019 3.2471 3.0068 1,005.3821 1,000.8742 2.9325 2.7347 1,004.3809 1,000.2810 3.2780 3.0354 1,004.8316 1,000.2808 Oct 25, 2019 3.5345 3.2730 1,005.7811 1,000.8742 3.2627 3.0105 1,004.7945 1,000.2810 3.5643 3.3005 1,005.2290 1,000.2808 Sep 25, 2019 3.1603 2.9264 1,005.2616 1,000.8742 2.9133 2.6663 1,004.2783 1,000.2810 3.1902 2.9542 1,004.7098 1,000.2808 Aug 26, 2019 3.8612 3.5755 1,006.2347 1,000.8742 3.5278 3.2986 1,005.2264 1,000.2810 3.8948 3.6066 1,005.6879 1,000.2808


DIVIDENDS


ENTRY & EXIT LOAD


Commercial Paper 51.79% Treasury Bill 27.94% Certificate of Deposit 8.67% Corporate Bond 2.17% Bills Rediscounting 1.30% Zero Coupon Bond 0.35% Net Current Assets 7.78%

Investor exit upon Subscription Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 onwards

Exit load as a % of redemption proceeds 0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% Nil

AAA, SOV & Equivalent 100.00%


Period Date Of Inception09-Oct-09 31-Dec-12 01-Mar-10

Axis Liquid Fund -

Regular Plan

- Growth Option

NIFTY Liquid Index (Benchmark)

NIFTY 1 Year T-Bill

Index (AdditionalBenchmark)

Axis Liquid Fund -

Direct Plan - Growth Option


NIFTY 1 Year T-Bill

Index (Additional Benchmark)

Axis Liquid Fund - Retail

Growth Option


NIFTY 1 Year T-Bill

Index (Additional Benchmark)

7 Days Annualized (%) 5.64% 5.63% 7.56% 5.70% 5.63% 7.56% 5.13% 5.63% 7.56%Current Value of Investment of ` 10,000/- 10,011 10,011 10,014 10,011 10,011 10,014 10,010 10,011 10,014

15 Days Annualized (%) 5.60% 5.51% 7.78% 5.65% 5.51% 7.78% 5.08% 5.51% 7.78%Current Value of Investment of ` 10,000/- 10,022 10,022 10,031 10,023 10,022 10,031 10,020 10,022 10,031

1 Month Annualized (%) 5.43% 5.42% 7.02% 5.48% 5.42% 7.02% 4.91% 5.42% 7.02%Current Value of Investment of ` 10,000/- 10,044 10,043 10,056 10,044 10,043 10,056 10,040 10,043 10,056

1 Year CAGR (%) 6.85% 6.68% 7.65% 6.91% 6.68% 7.65% 6.33% 6.68% 7.65%Current Value of Investment of ` 10,000/- 10,685 10,668 10,765 10,691 10,668 10,765 10,633 10,668 10,765

3 Years CAGR (%) 6.97% 6.78% 6.94% 7.04% 6.78% 6.94% 6.40% 6.78% 6.94%Current Value of Investment of ` 10,000/- 12,241 12,176 12,230 12,264 12,176 12,230 12,044 12,176 12,230

5 Years CAGR (%) 7.41% 7.22% 7.44% 7.48% 7.22% 7.44% 6.85% 7.22% 7.44%Current Value of Investment of ` 10,000/- 14,302 14,176 14,319 14,348 14,176 14,319 13,927 14,176 14,319

Since InceptionCAGR (%) 7.85% 7.78% 6.94% 7.97% 7.77% 7.56% 7.51% 7.96% 7.07%Current Value of Investment of ` 10,000/- 21,535 21,396 19,753 16,993 16,781 16,558 20,268 21,110 19,468

Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 8 schemes. Please refer to annexure on Page 46 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `1,000.


PORTFOLIO

MONTHLY AVERAGE

3,294.74 Cr.


3,595.54 Cr.

BENCHMARK

CRISIL Ultra Short Term Debt Index

AXIS ULTRA SHORT TERM FUND

18

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

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

Mr. Aditya Pagaria Work experience: 12 years.


FUND MANAGER

DATE OF ALLOTMENT

10th September 2018

Entry Load :NAExit Load : Nil



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 25, 2019 0.0396 0.0367 10.1144 10.0593 0.0483 0.0447 10.1147 10.0476

Monthly DividendOct 25, 2019 0.0407 0.0377 10.1121 10.0555 0.0478 0.0443 10.1145 10.0481

Sep 25, 2019 0.0342 0.0316 10.0864 10.0389 0.0481 0.0445 10.1007 10.0339Please 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. Past 3 dividends, if declared, has been disclosed above.

DIVIDENDS

AVERAGE MATURITY*


132 days

PORTFOLIO YIELD (YIELD TO MATURITY&)

6.28%


Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 45.28%


Power Finance Corporation Limited CRISIL AAA 5.16%

NABARD CRISIL AAA 3.50%

LIC Housing Finance Limited CARE AAA/CRISIL AAA 2.94%

National Housing Bank IND AAA 2.80%

Tata Motors Finance Limited CARE AA- 2.18%

Nirma Limited CRISIL AA 2.09%

Reliance Jio Infocomm Limited CRISIL AAA 1.54%

Grasim Industries Limited ICRA AAA 1.40%Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 1.26%

Bahadur Chand Investments Pvt Limited ICRA AA 1.25%

Adani Transmission Limited IND AA+ 1.25%

Dalmia Cement (Bharat) Limited ICRA AA 1.25%

Essel Mining And Industries Ltd CRISIL AA- 1.12%

Muthoot Finance Limited CRISIL AA 1.09%

REC Limited CRISIL AAA 0.99%

Hero Fincorp Limited ICRA AA+/CRISIL AA+ 0.97%

IDFC First Bank Limited ICRA AA 0.97%Hansdeep Industries & Trading Company Limited (Unconditional and irrevocable guarantee from JK Lakshmi Cement Limited)

CARE AA-(CE) 0.86%

Reliance Industries Limited CRISIL AAA 0.84%

Oriental Nagpur Betul Highway Limited CRISIL AAA 0.75%

Larsen & Toubro Limited CRISIL AAA 0.70%

Aditya Birla Finance Limited ICRA AAA 0.70%

JK Lakshmi Cement Limited CARE AA- 0.70%

Northern Arc Capital Limited ICRA A+ 0.56%

Tata Sons Private Ltd CRISIL AAA 0.56%

Jamnagar Utilities & Power Private Limited CRISIL AAA 0.56%

Bank of Baroda CARE AA 0.50%

Bharti Airtel Limited CRISIL AA 0.48%

PVR Limited CRISIL AA- 0.28%

Shriram Transport Finance Company Limited IND AA+ 0.28%

Power Grid Corporation of India Limited CRISIL AAA 0.14%

Ess Kay Fincorp Limited CRISIL A 0.14%

Asirvad Microfinance Ltd CRISIL AA- 0.14%

Birla Corporation Limited ICRA AA 0.14%


NABARD IND A1+/CRISIL A1+ 4.73%

Small Industries Dev Bank of India CARE A1+ 3.41%

IDFC First Bank Limited ICRA A1+ 2.74%

Ujjivan Small Finance Bank Limited CRISIL A1+ 2.06%




Bank of Baroda IND A1+ 0.68%

COMMERCIAL PAPER 13.76%


Emami Limited CARE A1+ 2.77%

Britannia Industries Limited CRISIL A1+ 1.39%

HSBC InvestDirect Financial Services (India) Limited IND A1+ 1.37%


JM Financial Products Limited ICRA A1+ 0.69%


Bahadur Chand Investments Pvt Limited ICRA A1+ 0.69%


Reliance Retail Ltd CRISIL A1+ 0.68%Cholamandalam Investment and Finance Company Limited

CRISIL A1+ 0.67%



TMF Holdings Limited ICRA AA-/CRISIL AA- 1.02%

LIC Housing Finance Limited CRISIL AAA 0.80%JSW Techno Projects Management Limited (Secured by pledge of shares of JSW Steel Limited and JSW Energy Limited)

BWR A(CE) 0.31%

PASS THROUGH CERTIFICATE 4.61%Rent-A-Device Trust (Backed by Rental recipts from Reliance Retail Limited)

ICRA AAA(SO) 1.39%

Rainbow Devices Trust (Backed by Rental recipts from Reliance Retail Limited)

ICRA AAA(SO) 1.09%

Orelia Trust Aug 2019 (PTCs backed by pool of gold backed loans originated by IIFL Finance Limited)

ICRA A1+(SO) 0.79%

Reliable Devices Trust (PTCs backed by Rental receipts from Reliance Retail Limited)

ICRA AAA(SO) 0.71%

MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)

CRISIL AAA(SO) 0.63%

STATE GOVERNMENT BOND 0.58%

8.21% Rajasthan UDAY BOND(MD 31/03/2023) Sovereign 0.58%


GRAND TOTAL 100.00%

ENTRY & EXIT LOAD

MACULARY DURATION*

140 days


Sovereign/ AAA & equivalent 81.15% AA 9.03% AA- 6.30% AA+ 2.51% A+ 0.56% A 0.45%

Corporate Bond 45.28% Certificate of Deposit 17.52% Commercial Paper 13.76% Pass Through Certificate 4.61% Zero Coupon Bond 4.28% State Government Bond 0.58% Net Current Assets 13.98%



CAGR (%)


CAGR (%)


Date of inception

Axis Ultra Short Term Fund - Regular Plan - Growth Option 7.99% 10,799 7.99% 10,98210-Sep-18CRISIL Ultra Short Term Fund Index (Benchmark) 8.19% 10,819 8.26% 11,016

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 8.10% 10,996Axis Ultra Short Term Fund - Direct Plan - Growth Option 8.96% 10,896 8.94% 11,101

10-Sep-18CRISIL Ultra Short Term Fund Index (Benchmark) 8.19% 10,819 8.26% 11,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 8.10% 10,996Past performance may or may not be sustained in future. Different plans have different expense structure. The performance data for 3 and 5 years period has not been provided, since scheme is in existence for less than 3 years. Aditya Pagaria is managing the scheme since inception and he manages 8 schemes. Please refer to annexure on Page 46 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.


PORTFOLIO

DATE OF ALLOTMENT

9th October 2009MONTHLY AVERAGE

3,817.56 Cr.


4,128.23 Cr.

BENCHMARK

NIFTY Low Duration Debt

Index

AVERAGE MATURITY*

309 daysMODIFIED DURATION

*



5.87%


He has been managing this fund since07th June 2016.



FUND MANAGER


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

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

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

19



Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)

Indi-viduals/ HUF

OthersIndividu-

als/ HUF

OthersIndi-

viduals/ HUF

Others

Monthly Dividend

Nov 25, 2019 4.7668 4.4140 1,012.0690 1,005.4514 4.7752 4.4220 1,012.0778 1,005.4482 4.8308 4.4734 1,012.1595 1,005.4530 Oct 25, 2019 6.3360 5.8671 1,014.2475 1,005.4514 6.3476 5.8742 1,014.2549 1,005.4482 6.5154 6.0333 1,014.4982 1,005.4530 Sep 25, 2019 3.3557 3.1074 1,010.1100 1,005.4514 3.3630 3.1144 1,010.1174 1,005.4482 3.5340 3.2725 1,010.3593 1,005.4530


DIVIDENDS


Instrument Type/Issuer Name RATING% Of NAV







National Housing Bank IND AAA 2.56%


L&T Finance Limited ICRA AAA/CARE AAA 1.77%



Nabha Power Limited (Backed by Letter of Comfort from parent L&T) ICRA AAA(CE) 1.23%

Daimler Financial Services India Pvt Limited CRISIL AAA 0.85%


Hindustan Petroleum Corporation Limited CRISIL AAA 0.61%

Kotak Mahindra Investments Limited CRISIL AAA 0.61%

Sundaram Finance Limited CRISIL AAA 0.61%

ICICI Home Finance Company Limited ICRA AAA 0.61%

Indian Railway Finance Corporation Limited CRISIL AAA 0.37%

Small Industries Dev Bank of India CARE AAA 0.16%


Export Import Bank of India CRISIL AAA 0.12%



HDFC Limited CRISIL A1+/ICRA A1+ 2.82%


SBI Cards & Payment Services Limited CRISIL A1+ 1.19%

Kotak Mahindra Prime Limited CRISIL A1+ 1.16%

HDFC Credila Financial Services Pvt Limited CRISIL A1+ 0.60%


LIC Housing Finance Limited CRISIL A1+ 0.59%

Cholamandalam Investment and Finance Company Limited CRISIL A1+ 0.59%



NABARD ICRA A1+ 0.48%




Bank of Baroda IND A1+ 2.36%




TREASURY BILL 3.62%

91 DAYS TBILL Sovereign 3.62%


8.21% Haryana UDAY BOND(MD 31/03/2023) Sovereign 1.65%

8.39% Rajasthan UDAY BOND (MD 15/03/2020) Sovereign 0.98%





GRAND TOTAL 100.00%


ENTRY & EXIT LOAD


Corporate Bond 44.25% Commercial Paper 16.94% Certificate of Deposit 16.16% Treasury Bill 3.62% State Government Bond 3.26% Zero Coupon Bond 0.28% Net Current Assets 15.50%


PeriodDate 1 Year 3 Years 5 Years Since Inception

CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Treasury Advantage Fund - Regular Plan - Growth Option 9.30% 10,930 7.54% 12,434 7.93% 14,655 8.14% 22,11309-Oct-09NIFTY Low Duration Debt Index (Benchmark) 8.73% 10,873 7.48% 12,413 7.91% 14,638 8.28% 22,411

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 6.94% 19,750Axis Treasury Advantage Fund - Direct Plan - Growth Option 9.64% 10,964 8.05% 12,613 8.41% 14,979 8.72% 17,821

01-Jan-13NIFTY Low Duration Debt Index (Benchmark) 8.73% 10,873 7.48% 12,413 7.91% 14,638 8.25% 17,300NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 16,550Axis Treasury Advantage Fund - Retail - Growth Option 9.29% 10,929 7.30% 12,352 7.51% 14,372 7.75% 20,693

03-Mar-10NIFTY Low Duration Debt Index (Benchmark) 8.73% 10,873 7.48% 12,413 7.91% 14,638 8.38% 21,921NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.07% 19,462Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since 7th June 2016 and he manages 26 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 8 schemes. Please refer to annexure on 46 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `1,000.


Instrument Type/Issuer Name Rating % OF NAV




REC Limited CRISIL A1+ 6.55%

Power Finance Corporation Limited CRISIL A1+ 6.54%





HDFC Credila Financial Services Pvt Limited CRISIL A1+ 5.24%





NABARD IND A1+ 4.40%




GRAND TOTAL 100.00%

INVESTMENT OBJECTIVE: To generate regular income through investment in a portfolio comprising of money market instruments.However, there can be no assurance that the investment objective of the Scheme will be achieved.

AXIS MONEY MARKET FUND(An open ended debt scheme investing in money market instruments)


20

PORTFOLIO

DATE OF ALLOTMENT

6thAugust 2019

MONTHLY AVERAGE

395.42 Cr.


376.90 Cr.

BENCHMARK

NIFTY Money Market Index

Entry Load : NAExit Load : NIL

ENTRY & EXIT LOAD

Mr.Devang ShahWork experience: 18 years. He

has been managing this fund since inception.



FUND MANAGER

AVERAGE MATURITY*

129 daysMODIFIED DURATION

*



5.53%



Commercial Paper 66.10%

Certificate of Deposit 17.44%

State Government Bond 7.54%

Net Current Assets 8.92%



Options Record Date


NAV per unit

(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individ-uals/ HUF

OthersIndividuals/

HUFOthers

Quaterly Dividend

Sep 25, 2019 4.6820 4.3356 1,011.5217 1,005.0216 4.6820 4.3356 1,011.7356 1,005.2409

Monthly Dividend

Nov 25, 2019 4.2573 3.9422 1,008.0494 1002.1391 4.3477 4.0243 1,008.1727 1002.1394

Oct 25, 2019 4.9244 4.5600 1,008.8278 1,001.9913 4.7550 4.4066 1,008.5973 1,001.9908


DIVIDENDS

Note: Since the Scheme has not completed one year, performance details for the Scheme are not provided.


PORTFOLIO

DATE OF ALLOTMENT

13th July 2017MONTHLY AVERAGE

178.86 Cr.


180.88 Cr.

BENCHMARK

NIFTY Corporate Bond Index

AVERAGE MATURITY*

3.5 yearsMODIFIED DURATION*

2.6 yearsMACULARY DURATION*

2.8 yearsPORTFOLIO YIELD (YIELD TO MATURITY&)

6.69%

COMPOSITION BY ASSETS (%)

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

AXIS CORPORATE DEBT FUND(An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds)

21


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

FUND MANAGER

COMPOSITION BY RATING (%)


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly Dividend

Nov 25, 2019 0.0494 0.0457 10.2097 10.1410 0.0686 0.0635 10.2433 10.1481 Oct 25, 2019 - - - - 0.0038 0.0035 10.1440 10.1386 May 27, 2019 0.0904 0.0837 10.1756 10.0500 0.0954 0.0883 10.1825 10.0500


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Corporate Debt Fund - Regular Plan - Growth Option 7.02% 10,702 NA NA NA NA 7.04% 11,75913-Jul-17NIFTY Corporate Bond Index (Benchmark) 11.05% 11,105 NA NA NA NA 7.51% 11,882

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 NA NA NA NA 7.20% 11,801Axis Corporate Debt Fund - Direct Plan - Growth Option 7.83% 10,783 NA NA NA NA 7.93% 11,993

13-Jul-17NIFTY Corporate Bond Index (Benchmark) 11.05% 11,105 NA NA NA NA 7.51% 11,882NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 NA NA NA NA 7.20% 11,801Past performance may or may not be sustained in future. The performance data for 3years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the schmes since 13th July 2017 and he manages 26 schemes. Please refer to annexure on Page 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `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

Instrument Type/Issuer Name RATING % Of NAV





LIC Housing Finance LimitedCARE AAA/CRISIL

AAA9.01%

Indian Railway Finance Corporation Limited

CRISIL AAA 8.46%

State Bank of India CRISIL AAA 7.11%



National Highways Auth of Ind CRISIL AAA 5.59%

Small Industries Dev Bank of India ICRA AAA 4.57%

HDFC Bank Limited CRISIL AAA 2.94%

PASS THROUGH CERTIFICATE 0.34%

MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)



GRAND TOTAL 100.00%

Entry Load : NAExit Load* : Nil *w.e.f. August 30, 2019

ENTRY & EXIT LOAD


Corporate Bond 80.98%

Pass Through Certificate 0.34%

Net Current Assets 18.68%


Details of security in default beyond its maturity date are as follows; (In Rs. crs)

Name of Security ISIN Value of the se-curity including interest amount

(considered under net cur-

rent assets)

% to Net Asset as on

November 30, 2019

Total amount (Prin-cipal and Interest) due on maturity

9.05% Dewan Hs Fin Corp Ltd NCD Ser I (09/09/2019)

INE202B07IJ3 3.90 2.16% 15.96



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Monthly DividendNov 25, 2019 7.2306 6.6956 1,031.0553 1,021.0172 7.4259 6.8764 1,031.3321 1,021.0229 Oct 25, 2019 9.5122 8.8083 1,034.2227 1,021.0172 9.6956 8.9782 1,034.4831 1,021.0229 Sep 25, 2019 1.0733 0.9939 1,022.5074 1,021.0172 1.2555 1.1625 1,022.7660 1,021.0229


PORTFOLIO

DATE OF ALLOTMENT

8th June 2012MONTHLY AVERAGE

10,762.13 Cr.


11,517.34 Cr.

BENCHMARK

NIFTY Banking & PSU Debt Index

AVERAGE MATURITY*




6.44%



FUND MANAGER


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

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

22

DIVIDENDS




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Banking & PSU Debt Fund - Regular Plan - Growth Option 11.64% 11,164 8.47% 12,760 8.56% 15,087 8.74% 18,71108-Jun-12NIFTY Banking & PSU Debt Index (Benchmark) 10.42% 11,042 6.86% 12,199 7.94% 14,661 8.49% 18,398

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 17,243Axis Banking & PSU Debt Fund - Direct Plan - Growth Option 11.94% 11,194 8.74% 12,854 8.80% 15,251 8.90% 18,030

01-Jan-13NIFTY Banking & PSU Debt Index (Benchmark) 10.42% 11,042 6.86% 12,199 7.94% 14,661 8.31% 17,359NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 16,550Past performance may or may not be sustained in future. Different plans have different expense structure. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 8 schemes at Axis Mutual Fund. Please refer to annexure on Page 46 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `1,000.



NABARD IND AAA/CRISIL AAA 11.19%

Small Industries Dev Bank of India CARE AAA/ICRA AAA 9.44%


REC Limited CRISIL AAA/CARE AAA 6.61%

Food Corporation Of India (Guarantee from Government of India)

CRISIL AAA(CE) 6.02%






NTPC Limited CRISIL AAA 3.71%

State Bank of India CRISIL AAA 3.70%

Export Import Bank of India CRISIL AAA 2.78%


Air India Assets Holding Limited (Backed by Government of India fully serviced bonds)

ICRA AAA 1.32%


Bank of Baroda IND AAA 0.95%

NHPC Limited ICRA AAA/IND AAA 0.93%



Bharat Petroleum Corporation Limited CRISIL AAA 0.22%

Jamnagar Utilities & Power Private Limited CRISIL AAA 0.17%

ICICI Bank Limited ICRA AAA 0.09%

Grasim Industries Limited CRISIL AAA 0.05%



NTPC Limited CARE A1+ 1.51%






8.21% Haryana UDAY BOND(MD 31/03/2023) Sovereign 1.14%







GRAND TOTAL 100.00%


ENTRY & EXIT LOADEntry Load :NAExit Load : Nil


Corporate Bond 83.89% Commercial Paper 4.11% Certificate of Deposit 2.09% State Government Bond 1.70% Zero Coupon Bond 1.19% Net Current Assets 7.02%


PORTFOLIO

DATE OF ALLOTMENT

22nd January 2010

MONTHLY AVERAGE

3,387.55 Cr.


3,673.85 Cr.

BENCHMARKNIFTY Short

Duration Debt Index

AVERAGE MATURITY*

2.4 yearsMODIFIED DURATION

*



6.54%



FUND MANAGER


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

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

23


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

Nov 25, 2019 0.0506 0.0468 10.3402 10.2699 0.0565 0.0524 10.1742 10.0956 0.0605 0.0560 10.1810 10.0970Monthly Dividend

Oct 25, 2019 0.0457 0.0424 10.3120 10.2484 0.0554 0.0513 10.1608 10.0838 0.0591 0.0547 10.1673 10.0852Sep 25, 2019 0.0442 0.0409 10.2593 10.1978 0.0540 0.0500 10.1234 10.0484 0.0577 0.0535 10.1299 10.0497


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Short Term Fund - Regular Plan - Growth Option 10.49% 11,049 7.13% 12,294 8.06% 14,743 8.13% 21,60122-Jan-10NIFTY Short Duration Debt Index (Benchmark) 10.10% 11,010 7.52% 12,429 8.12% 14,781 8.19% 21,721

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.01% 19,494Axis Short Term Fund - Direct Plan - Growth Option 11.17% 11,117 7.85% 12,543 8.83% 15,276 9.02% 18,170

01-Jan-13NIFTY Short Duration Debt Index (Benchmark) 10.10% 11,010 7.52% 12,429 8.12% 14,781 8.44% 17,512NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 16,550Axis Short Term Fund - Retail - Growth Option 10.49% 11,049 7.13% 12,294 8.06% 14,743 8.09% 21,357

02-Mar-10NIFTY Short Duration Debt Index (Benchmark) 10.10% 11,010 7.52% 12,429 8.12% 14,781 8.23% 21,626NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.07% 19,464Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes of Axis Mutual Fund. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.



ENTRY & EXIT LOAD


Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 65.62%LIC Housing Finance Limited CARE AAA/CRISIL AAA 9.49%Power Finance Corporation Limited CRISIL AAA 8.89%REC Limited CRISIL AAA 8.46%HDFC Limited CRISIL AAA 6.40%NABARD CRISIL AAA 6.36%India Grid Trust InvIT Fund CRISIL AAA 4.86%Indian Railway Finance Corporation Limited CRISIL AAA 2.49%Nabha Power Limited (Backed by Letter of Comfort from parent L&T)

ICRA AAA(CE) 2.48%

Tata Sons Private Ltd CRISIL AAA 2.32%Reliance Industries Limited CRISIL AAA 1.51%Jamnagar Utilities & Power Private Limited CRISIL AAA 1.49%Sundaram Finance Limited CRISIL AAA 1.37%L&T Housing Finance CARE AAA 1.36%Larsen & Toubro Limited CRISIL AAA 1.26%Daimler Financial Services India Pvt Limited CRISIL AAA 1.23%NHPC Limited ICRA AAA 0.80%State Bank of India CRISIL AAA 0.73%Air India Assets Holding Limited (Backed by Government of India fully serviced bonds)

ICRA AAA 0.69%

UltraTech Cement Limited CRISIL AAA 0.69%Sikka Ports and Terminals Limited CRISIL AAA 0.54%Reliance Jio Infocomm Limited CRISIL AAA 0.46%Aditya Birla Finance Limited ICRA AAA 0.41%HDB Financial Services Limited CRISIL AAA 0.40%Small Industries Dev Bank of India ICRA AAA 0.28%Bhopal Dhule Transmission Company Limited

CRISIL AAA 0.20%

Bajaj Finance Limited CARE AAA 0.16%HDFC Bank Limited CRISIL AAA 0.14%National Highways Auth Of Ind CRISIL AAA 0.14%Export Import Bank of India CRISIL AAA 0.01%CERTIFICATE OF DEPOSIT 9.48%IndusInd Bank Limited CRISIL A1+ 5.32%HDFC Bank Limited IND A1+ 2.82%Small Industries Dev Bank of India CARE A1+ 1.34%PASS THROUGH CERTIFICATE 3.39%Rent-A-Device Trust (Backed by Rental recipts from Reliance Retail Limited)

ICRA AAA(SO) 2.11%

Rainbow Devices Trust (Backed by Rental recipts from Reliance Retail Limited)

ICRA AAA(SO) 1.29%

GOVERNMENT BOND 3.01%8.12% GOI (MD 10/12/2020) Sovereign 0.56%6.18% GOI (MD 04/11/2024) Sovereign 0.54%6.79% GOI (MD 15/05/2027) Sovereign 0.38%8.13% GOI (MD 22/06/2045) Sovereign 0.30%7.59% GOI(MD 11/01/2026) Sovereign 0.27%9.20% GOI (MD 30/09/2030) Sovereign 0.16%7.26% GOI (MD 14/01/2029) Sovereign 0.14%6.65% GOI (MD 09/04/2020) Sovereign 0.14%7.73% GOI (MD 19/12/2034) Sovereign 0.11%7.32% GOI (MD 28/01/2024) Sovereign 0.10%8.83% GOI (MD 25/11/2023) Sovereign 0.09%7.68% GOI (MD 15/12/2023) Sovereign 0.06%8.15% GOI (MD 24/11/2026) Sovereign 0.06%8.35% GOI (MD 14/05/2022) Sovereign 0.04%7.17% GOI (MD 08/01/2028) Sovereign 0.02%6.79% GOI (MD 26/12/2029) Sovereign 0.02%7.37% GOI (MD 16/04/2023) Sovereign #0.00%7.59% GOI (MD 20/03/2029) Sovereign #0.00%7.88% GOI (MD 19/03/2030) Sovereign #0.00%STATE GOVERNMENT BOND 1.75%8.21% Rajasthan UDAY BOND(MD 31/03/2020) Sovereign 0.89%8.39% Rajasthan UDAY BOND (MD 15/03/2020) Sovereign 0.69%8.66% Tamilnadu SDL (MD 25/01/2022) Sovereign 0.09%6.92% Maharastra SDL (MD 11/01/2022) Sovereign 0.05%


8.61% Uttar Pradesh UDAY BOND (MD 21/03/2022) Sovereign 0.01%

ZERO COUPON BOND 0.37%Mahindra & Mahindra Financial Services Limited

IND AAA 0.37%


GRAND TOTAL 100.00%

Corporate Bond 65.62% Certificate of Deposit 9.48% Pass Through Certificate 3.39% Government Bond 3.01% State Government Bond 1.75% Zero Coupon Bond 0.37% Net Current Assets 16.38%


# Values are less than 0.005%




rent assets)


November 30, 2019

Total amount (Principal and Interest) due on maturity

9.1% Dewan Hous-ing Finance Corpo-ration Limited NCD Ser IV (16/08/2019)

INE202B-07HQ0

0.02 $0.00 0.02

$ Less Than 0.01% of Net Asset Value



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 25, 2019 0.0451 0.0418 10.1531 10.0904 0.0619 0.0573 10.1240 10.0380 Monthly Dividend

Oct 25, 2019 - - - - 0.0251 0.0232 10.0601 10.0252May 27, 2019 0.0533 0.0494 10.1673 10.0932 0.0615 0.0569 10.1233 10.0378


PORTFOLIO

DATE OF ALLOTMENT


1,320.31 Cr.


1,300.42 Cr.

BENCHMARK

NIFTY Credit Risk Bond Index

AVERAGE MATURITY*


*



9.13%



FUND MANAGER


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

AXIS CREDIT RISK FUND(An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds (Excluding AA+ Rated Corporate Bonds)

24

DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Credit Risk Fund - Regular Plan - Growth Option 4.85% 10,485 5.25% 11,657 7.10% 14,098 7.54% 14,78215-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 10.21% 11,021 8.03% 12,605 8.87% 15,305 9.23% 16,076

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.59% 14,818Axis Credit Risk Fund - Direct Plan - Growth Option 6.13% 10,613 6.60% 12,112 8.40% 14,972 8.79% 15,733

15-Jul-14NIFTY Credit Risk Bond Index (Benchmark) 10.21% 11,021 8.03% 12,605 8.87% 15,305 9.23% 16,076NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.59% 14,818Past performance may or may not be sustained in future. The performance data for 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Devang Shah is managing the scheme since inception and he manages 26 schemes. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.




Zydus Wellness Limited CRISIL AA+ 4.78%

Tata Power Company Limited CRISIL AA-/IND AA 4.37%

PVR Limited CRISIL AA- 4.20%

Nuvoco Vistas Corporation Limited CRISIL AA 4.19%Coastal Gujarat Power Limited (Unconditional and irrevo-cable guarantee from Tata Power)

CARE AA(CE) 3.55%

Talwandi Sabo Power Limited (Unconditional and irrevo-cable guarantee from Vedanta Ltd)

CRISIL AA(CE) 3.47%

Birla Corporation Limited ICRA AA 3.36%

Dalmia Cement (Bharat) Limited ICRA AA 3.09%


Bhopal Dhule Transmission Company Limited CRISIL AAA 2.87%Narmada Wind Energy Private Limited (NCDs backed by diversified cashflows of operating renewable energy proj-ects and guarantee from parent Renew Power Limited)

CARE A+(CE) 2.86%

IndoStar Capital Finance Limited CARE AA- 2.82%

Essel Mining And Industries Ltd CRISIL AA- 2.70%

JK Lakshmi Cement Limited CARE AA- 2.69%

Punjab National Bank IND A 2.45%

Oriental Nagpur Betul Highway Limited CRISIL AAA 2.28%

India Grid Trust InvIT Fund CRISIL AAA 1.96%

Jubilant Life Sciences Limited CRISIL AA 1.95%


Bahadur Chand Investments Pvt Limited ICRA AA 1.93%Ess Kay Fincorp Limited (Credit enhanced structure backed by specific cashflows and guarantee from Northern ARC Capital Limited)

CRISIL A/IND A+(CE) 1.69%

Union Bank of India BWR AA 1.34%

Syndicate Bank IND A+ 1.17%

ECL Finance Limited ICRA AA- 1.09%

IKF Finance Limited CARE A 0.96%


Bharti Airtel Limited CRISIL AA 0.77%

Indiabulls Housing Finance Limited BWR AA+ 0.70%

Asirvad Microfinance Ltd CRISIL AA- 0.69%Hansdeep Industries & Trading Company Limited (Un-conditional and irrevocable guarantee from JK Lakshmi Cement Limited)

CARE AA-(CE) 0.62%



State Bank of India CRISIL AA+ 0.38%


Vedanta Limited CRISIL AA 0.08%

Power Grid Corporation of India Limited CRISIL AAA 0.02%Food Corporation Of India (Guarantee from Government of India)

CRISIL AAA(CE) 0.01%

PASS THROUGH CERTIFICATE 10.71%MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)



ICRA A1+(SO) 2.18%

Rent-A-Device Trust (Backed by Rental recipts from Reli-ance Retail Limited)

ICRA AAA(SO) 1.83%

Sansar Trust (PTCs backed by pool of commercial vehicles-loans orginated by Shriram Transport Finance Ltd)

ICRA AAA(SO) 1.51%


ICRA AAA(SO) 1.18%

Zenith Trust (PTCs backed by cashflows from multiple NBFCs with diversified asset class and gegrophical presence)

ICRA A+(SO) 0.57%

ZERO COUPON BOND 8.16%JSW Techno Projects Management Limited (Secured by pledge of shares of JSW Steel Limited and JSW Energy Limited)

BWR A(CE) 3.47%

IIFL Home Finance Limited CRISIL AA 2.75%

TMF Holdings Limited ICRA AA- 1.93%

GOVERNMENT BOND 2.65%

6.18% GOI (MD 04/11/2024) Sovereign 1.92%

7.57% GOI (MD 17/06/2033) Sovereign 0.40%

6.79% GOI (MD 15/05/2027) Sovereign 0.15%

8.83% GOI (MD 25/11/2023) Sovereign 0.13%

7.59% GOI (MD 20/03/2029) Sovereign 0.04%

7.59% GOI(MD 11/01/2026) Sovereign #0.00%


8.06% Karnataka SDL (MD 27/03/2029) Sovereign 0.41%



GRAND TOTAL 100.00%

ENTRY & EXIT LOAD

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


Corporate Bond 72.27% Pass Through Certificate 10.71% Zero Coupon Bond 8.16% Government Bond 2.65% State Government Bond 0.68% Net Current Assets 5.53%

Sovereign/ AAA & equivalent 32.30% AA 30.99% AA- 17.70% A 8.41% AA+ 5.86% A+ 4.74%

# Values are less than 0.005%




rent assets)


November 30, 2019

Total amount (Principal and

Interest) due on maturity


INE202B07IJ3 15.99 1.23% 65.42


INE202B07IK1 4.74 0.36% 19.38


PORTFOLIO

DATE OF ALLOTMENT

27th April 2011MONTHLY AVERAGE

146.80 Cr.


173.33 Cr.

BENCHMARK

NIFTY Composite Debt Index

AVERAGE MATURITY*




7.11%

Mr. R. SivakumarWork experience: 21 years.

He has been managing this fund since inception



FUND MANAGER


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

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

25


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend

Sep 25, 2019 0.3601 0.3335 11.0694 10.5694 0.3601 0.3335 12.0311 11.5310Mar 25, 2019 0.3601 0.3335 10.9271 10.4271 0.3601 0.3335 11.7785 11.2785Sep 25, 2018 0.1800 0.1667 10.5609 10.3109 0.1800 0.1667 11.3205 11.0705Sep 25, 2019 0.1440 0.1334 10.7242 10.5242 0.1800 0.1667 10.9845 10.7345

Quarterly DividendSep 25, 2017 0.3611 0.3345 11.1287 10.6287 0.3611 0.3345 11.7742 11.2742Jun 25, 2019 0.1440 0.1334 10.6326 10.4326 0.1800 0.1667 10.9155 10.6655 Mar 25, 2019 0.1440 0.1334 10.4954 10.2954 0.1800 0.1667 10.7988 10.5488


DIVIDENDS



CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Dynamic Bond Fund - Regular Plan - Growth Option 12.17% 11,217 6.01% 11,913 8.42% 14,988 8.69% 20,46327-Apr-11NIFTY Composite Debt Index (Benchmark) 12.42% 11,242 6.59% 12,106 8.47% 15,019 8.62% 20,352

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.46% 18,564Axis Dynamic Bond Fund - Direct Plan - Growth Option 13.04% 11,304 6.91% 12,216 9.46% 15,724 9.63% 18,878

01-Jan-13NIFTY Composite Debt Index (Benchmark) 12.42% 11,242 6.59% 12,106 8.47% 15,019 8.47% 17,536NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.32% 16,288Past performance may or may not be sustained in future. Different plans have different expense structure. R. Sivakumar is managing the scheme since inception and he manages 6 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 26 schemes. Please refer to annexure on Page 45 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.






NHPC Limited ICRA AAA 8.14%

Indian Railway Finance Corporation Limited

CRISIL AAA 8.12%

Air India Assets Holding Limited (Backed by Government of India fully serviced bonds)

ICRA AAA(CE) 8.11%



NTPC Limited CRISIL AAA 5.93%

HDFC Bank Limited CRISIL AAA 3.07%

India Infrastructure Fin Co Ltd CRISIL AAA 1.58%


7.23% Gujarat SDL (MD 25/09/2029) Sovereign 5.81%

7.2% Maharashtra SDL (MD 23/10/2029) Sovereign 2.89%


7.27% GOI (MD 08/04/2026) Sovereign 1.20%

8.60% GOI (MD 02/06/2028) Sovereign 0.19%


GRAND TOTAL 100.00%


ENTRY & EXIT LOAD



Corporate Bond 75.48% State Government Bond 8.70% Government Bond 1.39% Net Current Assets 14.42%




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Half Yearly Dividend Sep 25, 2019 0.2160 0.2001 10.6572 10.3572 0.2160 0.2001 11.0899 10.7899Mar 25, 2019 0.3601 0.3335 10.9357 10.4357 0.3601 0.3335 11.3227 10.8227Sep 25, 2018 0.3601 0.3335 10.8759 10.3759 0.3601 0.3335 11.2089 10.7089Mar 26, 2018 0.3611 0.3345 11.1951 10.6951 0.3611 0.3345 11.4850 10.9850

Quarterly Dividend Sep 25, 2019 0.0360 0.0333 10.3682 10.3182 0.1800 0.1667 10.7486 10.4986 Jun 25, 2019 0.0360 0.0333 10.1626 10.1126 0.1800 0.1667 10.7162 10.4662 Mar 25, 2019 0.1440 0.1334 10.4023 10.2023 0.1800 0.1667 10.9900 10.7400


DATE OF ALLOTMENT

28th March 2012MONTHLY AVERAGE

1,217.39 Cr.


1,228.86 Cr.

BENCHMARKNIFTY Medium Duration Debt

Index

AVERAGE MATURITY*


*



8.43%

Mr. Devang ShahWork experience: 18 years.He has been managing this fund since 5th November

2012.

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

this fund since 1st June 2018

FUND MANAGER


PORTFOLIO

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

DIVIDENDS

26

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

AXIS STRATEGIC BOND FUND




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Strategic Bond Fund - Regular Plan - Growth Option 7.80% 10,780 6.54% 12,090 8.25% 14,873 8.68% 18,94128-Mar-12NIFTY Medium Duration Debt Index (Benchmark) 11.70% 11,170 7.08% 12,276 8.46% 15,012 8.89% 19,230

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.82% 17,820Axis Strategic Bond Fund - Direct Plan - Growth Option 8.51% 10,851 7.24% 12,330 9.11% 15,472 9.29% 18,449

07-Jan-13NIFTY Medium Duration Debt Index (Benchmark) 11.70% 11,170 7.08% 12,276 8.46% 15,012 8.52% 17,578NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.22% 16,172

Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes amd Dhaval Patel schemes is managing the scheme since 1st June 2018 and he manages 1 scheme of Axis Mutual Fund. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

Instrument Type/Issuer Name RATING % Of NAVCORPORATE BOND 69.93%REC Limited CRISIL AAA 8.12%LIC Housing Finance Limited CRISIL AAA 4.09%Coastal Gujarat Power Limited (Unconditional and irrevo-cable guarantee from Tata Power)

CARE AA(CE) 3.74%

National Highways Auth of Ind CRISIL AAA 3.12%Hansdeep Industries & Trading Company Limited (Un-conditional and irrevocable guarantee from JK Lakshmi Cement Limited)

CARE AA-(CE) 3.02%

Jubilant Life Sciences Limited CRISIL AA 2.87%PVR Limited CRISIL AA- 2.83%Syndicate Bank IND A+ 2.56%Power Finance Corporation Limited CRISIL AAA 2.46%Union Bank of India BWR AA 2.45%Oriental Nagpur Betul Highway Limited CRISIL AAA 2.40%Punjab National Bank IND A 2.18%Ess Kay Fincorp Limited (Credit enhanced structure backed by specific cashflows and guarantee from Northern ARC Capital Limited)

CRISIL A/IND A+(CE)

2.11%

India Grid Trust InvIT Fund CRISIL AAA 2.08%Grasim Industries Limited CRISIL AAA 2.07%NHPC Limited ICRA AAA 2.06%IndoStar Capital Finance Limited CARE AA- 2.03%Muthoot Finance Limited CRISIL AA 2.01%Indian Railway Finance Corporation Limited CRISIL AAA 1.64%Birla Corporation Limited ICRA AA 1.62%Bharti Airtel Limited CRISIL AA 1.61%Talwandi Sabo Power Limited (Unconditional and irrevo-cable guarantee from Vedanta Ltd)

CRISIL AA(CE) 1.33%

Zydus Wellness Limited CRISIL AA+ 1.28%Northern Arc Capital Limited ICRA A+ 1.23%Dalmia Cement (Bharat) Limited ICRA AA 1.22%Tata Power Company Limited CRISIL AA- 1.10%Vedanta Limited CRISIL AA 0.99%Tata Power Renewable Energy Limited (Backed by corpo-rate guarantee of Tata Power Ltd)

CARE AA(CE) 0.96%

Narmada Wind Energy Private Limited (NCDs backed by diversified cashflows of operating renewable energy proj-ects and guarantee from parent Renew Power Limited)

CARE A+(CE) 0.76%

Sikka Ports and Terminals Limited CRISIL AAA 0.70%Hinduja Leyland Finance Limited CARE AA- 0.65%Edelweiss Rural & Corporate Services Limited ICRA AA- 0.48%NABARD CRISIL AAA 0.43%JM Financial Products Limited ICRA AA 0.39%Indiabulls Housing Finance Limited BWR AA+ 0.33%IKF Finance Limited CARE A 0.25%Bank of Baroda CARE AA 0.25%Bhopal Dhule Transmission Company Limited CRISIL AAA 0.24%Hindalco Industries Limited CRISIL AA 0.17%Asirvad Microfinance Ltd CRISIL AA- 0.08%Dewan Housing Finance Corporation Limited ^ CARE D 0.01%GOVERNMENT BOND 12.76%6.45% GOI (MD 07/10/2029) Sovereign 5.69%7.27% GOI (MD 08/04/2026) Sovereign 3.39%7.57% GOI (MD 17/06/2033) Sovereign 2.99%7.26% GOI (MD 14/01/2029) Sovereign 0.47%7.88% GOI (MD 19/03/2030) Sovereign 0.13%8.83% GOI (MD 25/11/2023) Sovereign 0.04%8.60% GOI (MD 02/06/2028) Sovereign 0.04%8.15% GOI (MD 24/11/2026) Sovereign 0.01%7.59% GOI (MD 20/03/2029) Sovereign #0.00%PASS THROUGH CERTIFICATE 6.76%MFL Securitisation Trust (PTCs backed by pool of car loans orginated by Magma Fincorp Limited)


Rent-A-Device Trust (Backed by Rental recipts from Reli-ance Retail Limited)

ICRA AAA(SO) 2.27%


ICRA AAA(SO) 0.83%


ICRA A1+(SO) 0.81%

Zenith Trust (PTCs backed by cashflows from multiple NBF-Cs with diversified asset class and gegrophical presence)

ICRA A+(SO) 0.26%

ZERO COUPON BOND 4.26%JSW Techno Projects Management Limited (Secured by pledge of shares of JSW Steel Limited and JSW Energy Limited)

BWR A(CE) 2.30%

TMF Holdings Limited ICRA AA- 1.06%IIFL Home Finance Limited CRISIL AA 0.90%STATE GOVERNMENT BOND 0.43%8.06% Karnataka SDL (MD 27/03/2029) Sovereign 0.43%NET CURRENT ASSETS 5.86%GRAND TOTAL 100.00%

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


Corporate Bond 69.93% Government Bond 12.76% Pass Through Certificate 6.76% Zero Coupon Bond 4.26% State Government Bond 0.43% Net Current Assets 5.86%

AAA, SOV & Equivalent 54.99% AA 20.50% AA- 11.24% A 6.77% A+ 4.88% AA+ 1.61% Below A 0.01%

# Values are less than 0.005%^ Below investment grade/default




rent assets)


November 30, 2019



11.00% Dewan Hous Fin Corp Ltd(12/09/19)P 12/09/17

INE202B07654 3.06 0.25% 12.62


INE202B07IJ3 5.33 0.43% 21.81


INE202B07IK1 1.41 0.12% 5.78

9.05% Dewan Hs Fin Corp Ltd NCD Sr2A (09/09/21)

INE202B07IL9 0.01 0.00% 0.04



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Sep 25, 2019 0.3601 0.3335 11.3321 10.8321 0.3601 0.3335 11.3899 10.8899

Half Yearly Dividend

Mar 25, 2019 0.3601 0.3335 10.9229 10.4229 0.3601 0.3335 10.9526 10.4526Sep 25, 2018 0.3601 0.3335 10.8063 10.3063 - - - -Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -Nov 25, 2019 0.0312 0.0289 10.1218 10.0783 0.0339 0.0314 10.1264 10.0793 Oct 25, 2019 0.0180 0.0167 10.0870 10.0620 0.0200 0.0185 10.0906 10.0627

Regular Dividend Sep 25, 2019 0.0499 0.0462 10.0950 10.0256 0.0532 0.0493 10.1008 10.0268 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. Past 3 dividends, if declared, has been disclosed above.

PORTFOLIO

Instrument Type/Issuer Name RATING % OF NAV


7.27% GOI (MD 08/04/2026) Sovereign 52.09%

6.45% GOI (MD 07/10/2029) Sovereign 21.72%

7.57% GOI (MD 17/06/2033) Sovereign 11.40%


8.18% Haryana Uday Bond (MD 15/06/2024) Sovereign 11.41%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT

23rd January 2012

MONTHLY AVERAGE

46.49 Cr.


45.99 Cr.

BENCHMARK

NIFTY All Duration G-Sec

Index

AVERAGE MATURITY*




6.55%


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

FUND MANAGER


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

AXIS GILT FUND(An Open Ended Debt Scheme Investing In Government Securities Across Maturity)

27


DIVIDENDS

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


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Gilt Fund - Regular Plan - Growth Option 13.94% 11,394 5.24% 11,654 8.06% 14,742 7.42% 17,54623-Jan-12NIFTY All Duration G-Sec Index (Benchmark) 13.01% 11,301 6.19% 11,974 8.55% 15,078 8.11% 18,446

Axis Gilt Fund - Direct Plan - Growth Option 14.46% 11,446 5.77% 11,830 8.61% 15,116 7.99% 17,00801-Jan-13NIFTY All Duration G-Sec Index (Benchmark) 13.01% 11,301 6.19% 11,974 8.55% 15,078 7.97% 16,991

Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since 5th November 2012 and he manages 26 schemes. Please refer to annexure on Page 47 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.


ENTRY & EXIT LOAD



Government Bond 85.20% State Government Bond 11.41% Net Current Assets 3.39%

HYBRIDD E C E M B E R 2 0 1 9

Markets continued to hold their nerve in November, keeping pace with their global peers. Corporate earnings were key drivers this month as an optimistic market continued to factor in negatives. The broad market is now keeping up with the rising narrow market. For the month, S&P BSE Sensex & NIFTY 50 ended in positive territory, up 1.7% and 1.5% respectively. NIFTY Midcap 100 & NIFTY Smallcap 100 were up 2.4% & 1.2% respectively.

• 10 Year at 6.47%: Debt markets remained range bound this month tracking global peers. The benchmark 10 Year ended the month at 6.47 up 2bps.

Key Market Events

• Weak GDP – Time for Introspection: Economic activity further deteriorated in Q2 FY 2020 owing to a slump in investment, even though positives emerged from a pick-up in government spending and private consumption. Consistent with weakness in high frequency indicators, real GDP growth moderated sharply to 4.5%. Favorable base effects, increased pace of government spending, lower short-term rates due to lower policy rates and easier liquidity conditions could provide some support to growth in going forward.

• Monsoons, Inflation & Crude: Prolonged monsoons have had an impact on food production. This has impacted the overall inflation number last month. CPI inflation stood at 4.62% in October compared to 3.99% in September 2019. Core CPI continues to remain well within the RBI range of 4%. Brent crude ended the month at US$62.4/barrel while the India crude basket followed suit and ended the month at US$64/barrel.

• Global Economy – Rising Yields: Global DM yields have jumped since September 2019 on renewed optimism of global growth. Easing trade tensions between US & China have also buoyed bond yields. The risk on trade has seen bond yields rise ~30bps across geographies. EM yields including India have seen yields follow suit.

Equity Markets

The weak headline GDP prints and weak high frequency numbers have been a culmination of a series of bad factors that are already priced in by the markets. A prolonged monsoon and a weak agriculture sector were primary reasons for the weak GDP performance. Going forward we believe revival in government spending and return of rural

Market View

Quick Take - Equity

•

•

•

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

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

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

Quick Take - Fixed Income

10 yr G-Sec : Last 1 year

6.47%

7.63%

•

•

•

Economy remains weak, RBI remains dovish and accommodative to stimulate growth.

Long bonds will remain range bound. AAA corporate bonds offer attractive opportunities for long term investors.

Short to medium term credit strategies offer attractive risk reward opportunities.

10.8%

Nifty 50 - Last 1 year (Absolute)

KEY HIGHLIGHTS


28


KEY HIGHLIGHTS

consumption post the Rabi crop should see GDP numbers improve in a staggered manner.

Our focus on quality and are bias towards fundamentally sound business models, the big trend we are looking to play is the corporate deleveraging and operational efficiency story that is unravelling. We continue to remain optimistic on equities over the medium to long term and have positioned our portfolios accordingly. Volatility will remain an inherent factor and hence investors are advised to deploy portfolios in a staggered manner.

Mid and small caps have started tracking their large cap peers post 1 year of divergence. The demarcation between fundamentally sound companies and beta plays is clearly evident in current market prices. Our focus will remain on companies with well-defined niches and strong moats are likely to deliver above average returns within the wider mid and small cap basket. Investment opportunities can be looked at in the current market environment.

The weak headline GDP prints and weak high frequency numbers have been a culmination of a series of bad factors that are already priced in by the markets. A prolonged monsoon and a weak agriculture sector were primary reasons for the weak GDP performance. Going forward we believe revival in government spending and return of rural consumption post the Rabi crop should see GDP numbers improve in a staggered manner.

Debt Markets

Looking at the current fiscal condition, the government has already overshot its budget estimates. For the rest of the year, we believe the fiscal deficit at the central level is likely to rise by 30-50 bps. This would also entail an additional borrowing to the tune of Rs. 50-75,000 Crore. Policy action in December and additional borrowing by center will be awaited by the market.

From the RBI’s point of view, policy action has already addressed growth concerns by reducing rates by 135bps since January 2019. We estimate, the RBI may cut rates further by an additional 15- 25 bps by the end of the financial year. The move if it comes through will be symbolic rather than a correction of monetary policy. From an investment point of view, the liquidity trade is largely over. AAA Long corporate bonds currently offer attractive investment opportunities for long term investors looking to lock in rates. As the economy revives, albeit gradually and given the headroom available today on account of the steepness in the yield curve, we believe this strategy is likely to remain attractive as compared to short term strategies and tax free bonds.

Another theme we like currently is ‘Credits’. The AA segment in general currently looks attractive as market uncertainty around such papers subsides. Investors who understand credit risk and are ok with some short term volatility should invest in highly diversified largely AA oriented credit funds as we see reasonable spreads between AAA & AA curves making them attractive bets from a risk reward perspective.

29



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Annual Dividend

Mar 25, 2019 0.7203 0.6670 12.0487 11.0487 0.7203 0.6670 12.8454 11.8454Mar 26, 2018 0.7222 0.6691 12.4612 11.4612 0.7222 0.6691 13.1199 12.1199Mar 27, 2017 0.7223 0.6692 12.5556 11.5556 0.5417 0.5019 12.7860 12.0360Mar 28, 2016 0.7222 0.6691 12.5739 11.5739 0.7222 0.6691 12.6583 11.6583

Half Yearly Dividend Sep 25, 2019 - - - - 0.1800 0.1667 11.1598 10.9098Mar 25, 2019 0.3601 0.3335 11.0098 10.5098 0.3601 0.3335 11.8072 11.3071Sep 25, 2018 0.3601 0.3335 11.1362 10.6362 0.3601 0.3335 11.8667 11.3667

Quarterly Dividend

Sep 25, 2019 - - - - 0.1800 0.1667 12.8426 12.5927 Jun 25, 2019 0.0360 0.0333 10.1027 10.0527 0.1800 0.1667 12.8233 12.5733 Mar 25, 2019 0.1800 0.1667 10.7306 10.4806 0.1800 0.1667 13.5227 13.2727Dec 26, 2018 0.1800 0.1667 10.7750 10.5250 0.1800 0.1667 13.5027 13.2527

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. Past 3 dividends, if declared, has been disclosed above. @ Based on debt portfolio only.

PORTFOLIO

Instrument Type/Issuer Name Industry/Rating % OF NAV








Tata Power Company Limited IND AA 4.77%




EQUITY 13.32%


















TREASURY BILL 4.79%


MARGIN FIXED DEPOSIT 0.47%

Deutsche Bank AG Margin Fixed Deposit 0.47%


GRAND TOTAL 100.00%

DATE OF ALLOTMENT


211.50 Cr.


207.92 Cr.

AVERAGE MATURITY@*


@*


6.84%

Mr. Ashish NaikWork experience: 12 years.

He has been managing this fund since 22nd June 2016

FUND MANAGER


He has been managing this fund since 07th June 2016

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

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

DIVIDENDS

30

BENCHMARK

NIFTY50 Hybrid Short Duration

Debt 25:75 Index




CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Regular Saver Fund - Regular Plan - Growth Option 2.74% 10,274 5.33% 11,684 5.51% 13,079 7.34% 19,43616-Jul-10NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 10.78% 11,078 9.53% 13,137 8.36% 14,944 9.15% 22,721

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.07% 18,978Axis Regular Saver Fund - Direct Plan - Growth Option 3.67% 10,367 6.52% 12,084 6.85% 13,933 8.90% 18,019

04-Jan-13NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 10.78% 11,078 9.53% 13,137 8.36% 14,944 9.47% 18,678NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.25% 16,215Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since 7th June 2016 and he manages 26 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 14 schemes. Please refer to annexure on Page 46 & 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.


ENTRY & EXIT LOAD

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


Corporate Bond 60.89% Equity 20.06% State Government Bond 7.55% Treasury Bill 4.79% Margin Fixed Deposit 0.47% Net Current Assets 6.25%

AAA, SOV & Equivalent 63.22% AA 14.33% AA- 1.93%




rent assets)


November 30, 2019



9.1% Dewan Hs Fin Corp Ltd NCD Ser IV (16/08/2019)

INE202B07HQ0 1.34 0.64% 5.46


INE202B07IJ3 3.99 1.92% 16.31

Please refer to page no 42-43, 47, 48,50 for NAV, TER, Riskometer & Statutory Details.31

COMPOSITION BY RATING (%)DATE OF ALLOTMENT

14th August 2015MONTHLY AVERAGE

803.19 Cr.


812.85 Cr.

BENCHMARK

NIFTY50 Equity Savings Index

Mr. Anupam TiwariWork experience: 14 years.

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



FUND MANAGER

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

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

AVERAGE MATURITY@*


@*


7.77%PORTFOLIO TURNOVER# (1 YEAR)

4.10 times

Issuer Industry/Rating Equity Exposure

Derivate Exposure

Net Exposure % of Net Assets

EQUITY 65.54% -23.51% 42.04%

HDFC Bank Limited Banks 5.27% -1.08% 4.20%

ICICI Bank Limited Banks 3.81% 3.81%

Reliance Industries Limited Petroleum Products 5.62% -2.79% 2.83%

Asian Paints Limited Consumer Non Durables 2.92% -0.27% 2.65%

Kotak Mahindra Bank Limited Banks 2.72% -0.10% 2.63%

Hindustan Unilever Limited Consumer Non Durables 2.87% -0.49% 2.38%

Tata Consultancy Services Limited Software 2.17% 2.17%

Bajaj Finance Limited Finance 2.18% -0.06% 2.11%

Bandhan Bank Limited Banks 1.84% 1.84%

HDFC Limited Finance 7.41% -5.72% 1.69%

Larsen & Toubro Limited Construction Project 1.92% -0.31% 1.60%

Infosys Limited Software 1.98% -0.44% 1.54%

Sundaram Finance Limited Finance 1.46% 1.46%

ACC Limited Cement 1.29% 1.29%

Cholamandalam Investment and Finance Company Limited

Finance 1.28% 1.28%

Nestle India Limited Consumer Non Durables 1.20% 1.20%

Mahindra & Mahindra Financial Services Limited Finance 5.47% -4.27% 1.20%

Divi's Laboratories Limited Pharmaceuticals 0.95% -0.07% 0.88%

TCNS Clothing Co. Limited Textile Products 0.88% 0.88%

Hero MotoCorp Limited Auto 0.86% 0.86%

Voltas Limited Consumer Durables 0.71% 0.71%

Aarti Industries Limited Chemicals 0.64% 0.64%

Ambuja Cements Limited Cement 0.82% -0.23% 0.59%

Shree Cement Limited Cement 0.54% 0.54%

Maruti Suzuki India Limited Auto 0.52% -0.01% 0.51%

UltraTech Cement Limited Cement 0.60% -0.11% 0.50%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 2.88% -2.82% 0.06%

DEBT SECURITIES 31.79%









Hinduja Leyland Finance Limited CARE AA- 1.48%

Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 1.24%

Tata Power Company Limited IND AA 1.22%


ICICI Bank Limited ICRA AA+ 0.81%





HDFC Bank Limited Margin Fixed Deposit 6.40%


8.28% GOI (M/D 21/09/2027) Sovereign 0.67%

7.72% GOI (MD 26/10/2055) Sovereign 0.05%

CASH & OTHER NET CURRENT ASSETS 2.66%

NET ASSETS 100.00%

PORTFOLIO




Unhedged Equity 42.04% Debt, Cash & Other receivables 34.46% Hedged Equity 23.51%

AAA, SOV & Equivalent 14.43% AA 5.06% AA+ 3.91% A 2.32% AA- 1.97% A+ 0.37%


Name of Security ISIN Value of the security in-cluding interest amount (considered under net

current assets)


November 30, 2019

Total amount (Principal and Interest) due on maturity

9.1% Dewan Hs Fin Corp Ltd NCD Ser IV (16/08/2019)

INE202B07HQ0 2.68 0.33% 10.91



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Nov 25, 2019 0.0553 0.0553 10.7800 10.7200 0.0553 0.0553 11.3500 11.2900 Oct 25, 2019 0.0553 0.0553 10.8500 10.7900 0.0553 0.0553 11.4100 11.3500

Monthly Dividend Sep 25, 2019 0.0553 0.0553 10.7600 10.6900 0.0553 0.0553 11.2900 11.2300

Quarterly DividendSep 25, 2019 0.1660 0.1660 10.9200 10.7300 0.1660 0.1660 11.4700 11.2800 Jun 25, 2019 0.1660 0.1660 10.9000 10.7100 0.1660 0.1660 11.4100 11.2200 Mar 25, 2018 0.1660 0.1660 10.8600 10.6700 0.1660 0.1660 11.3200 11.1400Dec 26, 2018 0.1660 0.1660 10.7575 10.5700 0.1660 0.1660 11.1875 11.0000

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. Past 3 dividends, if declared, has been disclosed above.

DIVIDENDS


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


CAGR (%)


CAGR (%)

Current Value ofInvestment of`. 10,000/-

CAGR (%)


CAGR (%)


Date of inception

Axis Equity Saver Fund - Regular Plan - Growth Option 8.72% 10,872 8.95% 12,930 NA NA 7.16% 13,46014-Aug-15NIFTY50 Equity Savings Index (Benchmark) 9.72% 10,972 9.56% 13,149 NA NA 8.06% 13,950

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 9.82% 14,955Axis Equity Saver Fund - Direct Plan - Growth Option 9.94% 10,994 10.21% 13,384 NA NA 8.43% 14,160

14-Aug-15NIFTY50 Equity Savings Index (Benchmark) 9.72% 10,972 9.56% 13,149 NA NA 8.06% 13,950Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 9.82% 14,955Past performance may or may not be sustained in future. 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. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 7 schemes & R. Sivakumar is managing the scheme since inception and he manages 6 schemes. Please refer to annexure on Page 45 & 46-47 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

ENTRY & EXIT LOAD

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


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

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

33

PORTFOLIO

DATE OF ALLOTMENT

23rd August 2010MONTHLY AVERAGE

279.29 Cr.


280.58 Cr.

BENCHMARK65% of Nifty 50 TRI

+ 20% of NIFTY Composite Debt

Index + 15% of INR Price of Gold

AVERAGE MATURITY@*

5.3 years

Mr. R. Sivakumar Work experience: 21 years.

He has been managing the fund since 14th September 2010


He has been managing this fund since 22nd June 2016

FUND MANAGER




Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

DividendNov 25, 2019 0.1062 0.1062 17.1096 16.9896 0.1062 0.1062 19.4461 19.3261Apr 17, 2014 0.4676 0.4478 11.3222 10.7222 - - - -Sep 17, 2012 0.7047 0.6040 11.2694 10.4694 - - - -

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. Past 3 dividends, if declared, has been disclosed above.@ Based on debt portfolio only.

DIVIDENDS


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


CAGR (%)

Current Value of


Date of inception

Axis Triple Advantage Fund - Regular Plan - Growth Option 15.46% 11,546 9.29% 13,050 7.61% 14,437 8.45% 21,219

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

13.78% 11,378 12.69% 14,305 8.61% 15,119 9.70% 23,603

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.34% 19,295

Axis Triple Advantage Fund - Direct Plan - Growth Option 16.75% 11,675 10.59% 13,520 8.77% 15,228 8.88% 18,006

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

13.78% 11,378 12.69% 14,305 8.61% 15,119 10.27% 19,660

NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.32% 16,293Past performance may or may not be sustained in future. Different plans have different expense structure. R. Sivakumar is managing the scheme since 14th September 2010 and he manages 6 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 14 schemes. Please refer to annexure on Page 45 & 46 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

MODIFIED DURATION@*



1.15 times

Issuer Industry/Rating


EQUITY 71.75%HDFC Bank Limited Banks 5.91%Kotak Mahindra Bank Limited Banks 5.47%Bajaj Finance Limited Finance 5.23%Tata Consultancy Services Limited Software 4.69%


HDFC Limited Finance 4.13%ICICI Bank Limited Banks 3.91%Bandhan Bank Limited Banks 2.41%

Divi's Laboratories Limited Pharmaceu-ticals 2.23%

Avenue Supermarts Limited Retailing 2.21%Bajaj Finserv Limited Finance 2.10%Infosys Limited Software 2.07%


PI Industries Limited Pesticides 1.85%Maruti Suzuki India Limited Auto 1.73%


TCNS Clothing Co. Limited Textile Products 1.59%




Tata Steel Limited Ferrous Metals 1.37%UltraTech Cement Limited Cement 1.34%Endurance Technologies Limited Auto Ancillaries 1.22%

IPCA Laboratories Limited Pharmaceu-ticals 1.13%

Aarti Industries Limited Chemicals 1.01%Camlin Fine Sciences Limited Chemicals 0.98%

PVR Limited Media & Enter-tainment 0.97%

WABCO India Limited Auto Ancillaries 0.89%Container Corporation of India Limited Transportation 0.89%InterGlobe Aviation Limited Transportation 0.75%


Motherson Sumi Systems Limited Auto Ancillaries 0.65%Varroc Engineering Limited Auto Ancillaries 0.56%Pidilite Industries Limited Chemicals 0.51%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.66%

DEBT SECURITIES 11.06%CORPORATE BOND 9.94%Power Finance Corporation Limited CRISIL AAA 3.23%LIC Housing Finance Limited CRISIL AAA 2.51%Punjab National Bank IND A 1.77%India Infrastructure Fin Co Ltd CRISIL AAA 0.98%Union Bank of India BWR AA 0.90%REC Limited CRISIL AAA 0.37%Hindalco Industries Limited CRISIL AA 0.18%MARGIN FIXED DEPOSIT 1.04%

Deutsche Bank AG Margin Fixed Deposit 1.04%

GOVERNMENT BOND 0.08%8.35% GOI (MD 14/05/2022) Sovereign 0.05%8.12% GOI (MD 10/12/2020) Sovereign 0.03%GOLD 13.68%Axis Mutual Fund 13.68%CASH & OTHER NET CURRENT ASSETS 3.51%NET ASSETS 100.00%

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

ENTRY & EXIT LOAD

Entry Load :NA

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

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

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


Unhedged Equity 71.75%

Debt, Cash & Other receivables 14.57%

Gold 13.68%

AAA, SOV & Equivalent 10.68% A 1.77% AA 1.08%


AXIS EQUITY HYBRID FUND

34

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

The Scheme does not assure or guarantee any returns.

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

PORTFOLIO

MONTHLY AVERAGE

1,789.51 Cr.


1,764.58 Cr.

BENCHMARK

CRISIL Hybrid 35+65 - Aggres-

sive Index

Mr. Ashish Naik Work experience: 12 years.




FUND MANAGER

DATE OF ALLOTMENT

9th August 2018 Issuer Industry/ RatingNet Exposure

% of Net Assets

EQUITY 72.76%HDFC Bank Limited Banks 6.00%Kotak Mahindra Bank Limited Banks 5.94%Bajaj Finance Limited Finance 5.54%Tata Consultancy Services Limited Software 5.07%HDFC Limited Finance 4.81%Reliance Industries Limited Petroleum Products 4.36%ICICI Bank Limited Banks 3.94%Avenue Supermarts Limited Retailing 3.30%Bandhan Bank Limited Banks 2.67%Larsen & Toubro Limited Construction Project 2.58%Bajaj Finserv Limited Finance 2.35%




Infosys Limited Software 1.70%Maruti Suzuki India Limited Auto 1.68%Titan Company Limited Consumer Durables 1.54%Bharti Airtel Limited Telecom - Services 1.50%UltraTech Cement Limited Cement 1.43%Tata Steel Limited Ferrous Metals 1.42%Sun Pharmaceutical Industries Limited Pharmaceuticals 1.31%


Varroc Engineering Limited Auto Ancillaries 1.10%Shree Cement Limited Cement 0.99%Container Corporation of India Limited Transportation 0.92%InterGlobe Aviation Limited Transportation 0.90%Pidilite Industries Limited Chemicals 0.74%Sundaram Finance Limited Finance 0.73%Motherson Sumi Systems Limited Auto Ancillaries 0.71%City Union Bank Limited Banks 0.66%Endurance Technologies Limited Auto Ancillaries 0.66%OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.85%

DEBT SECURITIES 25.71%CORPORATE BOND 24.22%State Bank of India CRISIL AA+ 4.86%Air India Assets Holding Limited (Backed by Government of India fully serviced bonds)

ICRA AAA(CE) 3.47%

Bank of Baroda CARE AA 0.87%Bank of Baroda IND AAA 1.47%Hinduja Leyland Finance Limited CARE AA- 1.70%Power Finance Corporation Limited CRISIL AAA 1.46%Reliance Jio Infocomm Limited CRISIL AAA 1.45%NTPC Limited CRISIL AAA 1.41%Tata Motors Finance Limited CARE AA- 1.36%REC Limited CRISIL AAA 0.79%Punjab National Bank IND A 0.62%Oriental Nagpur Betul Highway Limited CRISIL AAA 0.62%LIC Housing Finance Limited CRISIL AAA 0.58%Coastal Gujarat Power Limited (Uncon-ditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 0.57%

Hero Fincorp Limited CRISIL AA+ 0.57%Nirma Limited CRISIL AA 0.57%NABARD CRISIL AAA 0.36%Dewan Housing Finance Corporation Limited ^ CARE D 0.35%


ICICI Bank Limited ICRA AA+ 0.29%National Highways Auth of Ind CRISIL AAA 0.29%Bahadur Chand Investments Pvt Limited ICRA AA 0.28%Ess Kay Fincorp Limited (Credit enhanced structure backed by specific cashflows and guarantee from Northern ARC Capital Limited)

IND A+(CE) 0.01%

MARGIN FIXED DEPOSIT 1.35%Deutsche Bank AG Margin Fixed Deposit 1.35%ZERO COUPON BOND 0.12%Mahindra & Mahindra Financial Services Limited IND AAA 0.03%

Bajaj Housing Finance Limited CRISIL AAA 0.09%CASH & OTHER NET CURRENT ASSETS 1.53%NET ASSETS 100.00%


AVERAGE MATURITY*@

4.2 years MODIFIED DURATION*@



7.76%

DEBT COMPONENT



ENTRY & EXIT LOAD

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



Debt, Cash & Other receivables 27.24% AAA, SOV & Equivalent 13.82% AA+ 5.72% AA- 3.06% AA 2.29% A 0.62% A+ 0.01% Below A 0.35%



CAGR (%)


CAGR (%)


Date of inception

Axis Equity Hybrid Fund - Regular Plan - Growth Option 13.89% 11,389 8.69% 11,150

09-Aug-18CRISIL Hybrid 35+65 - Aggressive Index Benchmark) 11.23% 11,123 6.14% 10,809

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 5.20% 10,685

Axis Equity Hybrid Fund Fund - Direct Plan - Growth Option 15.63% 11,563 10.47% 11,390

09-Aug-18CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 11.23% 11,123 6.14% 10,809

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 5.20% 10,685Past performance may or may not be sustained in future. Different plans have different expense structure. R. Sivakumar is managing the scheme since 9th August 2018 and he manages 6 schemes & Ashish Naik is managing the scheme since 9th August 2018 and he manages 14 schemes. Please refer to annexure on Page 45 & 46 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

^ Below investment grade/default


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

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

35

PORTFOLIO

Issuer Industry/Rating


EQUITY 70.61%



















Hindustan Unilever LimitedConsumer Non Durables

1.43%

Tata Steel Limited Ferrous Metals 1.40%




Asian Paints LimitedConsumer Non Durables

1.12%

CSB Bank Limited Banks 1.09%


AIA Engineering Limited Industrial Products 0.99%


Neogen Chemicals Limited Chemicals 0.98%


InterGlobe Aviation Limited Transportation 0.92%

Ambuja Cements Limited Cement 0.82%




Varroc Engineering Limited Auto Ancillaries 0.72%


PVR LimitedMedia & Entertain-ment

0.63%

Camlin Fine Sciences Limited Chemicals 0.63%

JK Lakshmi Cement Limited Cement 0.50%












Coastal Gujarat Power Limited (Unconditional and irrevocable guarantee from Tata Power)

CARE AA(CE) 1.10%




Deutsche Bank AGMargin Fixed Deposit

1.92%


7.59% GOI (MD 11/01/2026) Sovereign 0.11%


8.06% Karnataka SDL (MD 27/03/2029) Sovereign 1.16%


TMF Holdings Limited CRISIL AA- 1.11%


NET ASSETS 100.00%



DATE OF ALLOTMENT

08th December 2015

MONTHLY AVERAGE

453.15 Cr.


456.60 Cr.

BENCHMARK

NIFTY 50 Hybrid Composite Debt

65:35 Index

AVERAGE MATURITY@*


@*


7.43%PORTFOLIO TURNOVER#

(1 YEAR)

0.93 times


He has been managing this fund since 6th July 2016


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

FUND MANAGER

@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Returns greater than 1 year period are compounded annualised (CAGR).

Period 1 Year 3 Years Since Inception

CAGR (%)


CAGR (%)


CAGR (%)

Current Value of


Date of inception

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

13.22% 11,322 10.39% 13,450 9.30% 14,242

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 13.42% 16,505Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth Option

14.75% 11,475 12.09% 14,079 11.00% 15,145

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 13.42% 16,505Axis Childrens Gift Fund - No Lock-in^ - Regular Plan - Growth Option

13.22% 11,322 10.39% 13,449 9.29% 14,241

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 13.42% 16,505Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth Option

14.85% 11,485 12.27% 14,147 11.25% 15,282

08-Dec-15NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 13.42% 16,505

Past performance may or may not be sustained in future. Since inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 2015. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.Different plans have different expense structure. Ashish Naik manages 14 schemes & R. Sivakumar manages 6 schemes. Please refer to annexure on Page 45 & 46 for performance of all schemes managed by the fund managers. Face Value per unit : `10.


ENTRY & EXIT LOAD

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



Debt, Cash & Other receivables 29.39%

AAA, SOV & Equivalent 13.03% AA 9.56% AA+ 3.34% AA- 1.11% A+ 0.22% A 0.22%


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

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

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

36

DATE OF ALLOTMENT

1st August 2017MONTHLY AVERAGE

2,094.66 Cr.


2,046.02 Cr.

BENCHMARK

NIFTY50 Hybrid Composite Debt

50:50 Index

AVERAGE MATURITY*

2.2 years MODIFIED DURATION*


6.56%PORTFOLIO TURNOVER#

(1 YEAR)

4.38 times

Mr. Anupam TiwariWork experience: 14 years.


FUND MANAGER




Derivate Exposure


EQUITY 74.96% -24.75% 50.20%

HDFC Bank Limited Banks 6.53% -1.38% 5.15%

Reliance Industries Limited Petroleum Products 10.83% -6.39% 4.44%

ICICI Bank Limited Banks 4.18% 4.18%

Kotak Mahindra Bank Limited Banks 3.20% -0.26% 2.95%

Bajaj Finance Limited Finance 4.83% -1.90% 2.94%

Bandhan Bank Limited Banks 2.75% 2.75%

Infosys Limited Software 3.34% -0.73% 2.61%

Asian Paints LimitedConsumer Non Durables

3.72% -1.13% 2.59%

Tata Consultancy Services Limited Software 3.48% -0.92% 2.56%

Nestle India LimitedConsumer Non Durables

2.42% 2.42%

Hindustan Unilever LimitedConsumer Non Durables

2.56% -0.20% 2.35%

Larsen & Toubro Limited Construction Project 2.05% -0.32% 1.73%

ACC Limited Cement 1.90% -0.39% 1.51%

Mahindra & Mahindra Financial Ser-vices Limited

Finance 1.34% -0.11% 1.23%

Sundaram Finance Limited Finance 1.17% 1.17%

Cholamandalam Investment and Finance Company Limited

Finance 1.02% 1.02%

TCNS Clothing Co. Limited Textile Products 1.01% 1.01%

HDFC Limited Finance 8.14% -7.29% 0.85%

City Union Bank Limited Banks 0.84% 0.84%

IPCA Laboratories Limited Pharmaceuticals 0.84% 0.84%

Bharti Airtel Limited Telecom - Services 0.75% 0.75%

Shree Cement Limited Cement 0.59% -0.01% 0.58%

Hero MotoCorp Limited Auto 0.58% 0.58%

UltraTech Cement Limited Cement 0.80% -0.31% 0.49%

OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 4.83% -2.17% 2.65%





LIC Housing Finance Limited CARE AAA 1.26%


Small Industries Dev Bank of India CARE AAA 2.25%


NABARD IND AAA 1.24%


PORTFOLIO




Unhedged Equity 50.20% Debt, Cash & Other receivables 25.04% Hedged Equity 24.75%

AAA, SOV & Equivalent 14.44% AA+ 1.70% AA 0.48% Below A 0.31%




CAGR (%)


CAGR (%)


Date of inception

Axis Dynamic Equity Fund - Regular Plan - Growth Option 6.29% 10,629 5.51% 11,3301-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 12.56% 11,256 8.37% 12,059

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 9.23% 12,281

Axis Dynamic Equity Fund - Direct Plan - Growth Option 7.89% 10,789 7.21% 11,7601-Aug-17NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 12.56% 11,256 8.37% 12,059

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 9.23% 12,281Past performance may or may not be sustained in future. The performance data for 3 & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Anupam Tiwari is managing the scheme since inception and he manages 7 schemes, R. Sivakumar is managing the scheme since inception and he manages 6 schemes. Please refer to annexure on Page 45 & 46-47 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.

ENTRY & EXIT LOAD

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


Derivate Exposure


Shriram Transport Finance Company Limited CRISIL AA+ 1.00%


Dewan Housing Finance Corporation Limited ^ CARE D 0.31%






Cholamandalam Investment and Finance Company Limited ICRA AA+ 0.45%


NET ASSETS 100.00%


Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

MONTHLY DIVIDEND Sep 30, 2019 0.3301 0.3301 11.1200 10.7500 0.3984 0.3984 11.5200 11.0700Please 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. Past 3 dividends, if declared, has been disclosed above.

DIVIDENDS


^ Below investment grade/default


DATE OF ALLOTMENT

14th August 2014MONTHLY AVERAGE

2,630.31 Cr.


2,808.55 Cr.

BENCHMARK

Nifty 50 Arbitrage Index

Mr. Viresh Joshi Work experience: 18 years.

He has been managing the fund since 7th March 2019



FUND MANAGER

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

(An Open Ended Scheme Investing In Arbitrage Opportunities )

38

AVERAGE MATURITY*@

301 daysMODIFIED DURATION*@



11.41 times

Issuer Industry/RatingNet Exposure

% of Net Assets

EQUITY 66.08%








Bharti Airtel Limited Telecom - Ser-vices 3.25%

Sun Pharmaceutical Industries Limited Pharmaceuticals 2.08%






United Spirits Limited Consumer Non Durables 1.41%



Mahindra & Mahindra Limited Auto 0.85%

Vedanta Limited Non - Ferrous Metals 0.83%

ITC Limited Consumer Non Durables 0.73%


Cipla Limited Pharmaceuticals 0.55%




Reliance Jio Infocomm Limited CRISIL A1+ 2.67%


Kotak Mahindra Prime Limited CRISIL A1+ 1.69%

NABARD ICRA A1+ 0.18%




LIC Housing Finance Limited CARE AAA 0.92%

PORTFOLIO


CAGR (%)


CAGR (%)


CAGR (%)


CAGR (%)

Current Value of Investment of `

10,000

Date of inception

Axis Arbitrage Fund - Regular Plan - Growth Option 5.80% 10,580 5.99% 11,906 6.37% 13,624 6.45% 13,926

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 6.51% 10,651 5.20% 11,640 6.05% 13,416 6.10% 13,686

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 14,712

Axis Arbitrage Fund - Direct Plan - Growth Option 6.55% 10,655 6.82% 12,186 7.23% 14,185 7.32% 14,535

14-Aug-14Nifty 50 Arbitrage Index (Benchmark) 6.51% 10,651 5.20% 11,640 6.05% 13,416 6.10% 13,686

NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 14,712Past performance may or may not be sustained in future. Different plans have different expense structure. Devang Shah is managing the scheme since inception and he manages 26 schemes & Viresh Joshi is managing the scheme since 7th March 2019 and he manages 1 scheme. Please refer to annexure on Page 47 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : `10.



Options Record Date


(Cum Dividend)

NAV per unit

(Ex Dividend)


(Cum Dividend)

NAV per unit

(Ex Dividend)

Individuals/ HUF

OthersIndividuals/

HUFOthers

Oct 22, 2019 0.0442 0.0442 10.5541 10.5041 0.0442 0.0442 11.1784 11.1284

Sep 30, 2019 0.0442 0.0442 10.5404 10.4904 0.0442 0.0442 11.1562 11.1062

Dividend

Aug 20, 2019 0.0442 0.0442 10.5490 10.4990 0.0442 0.0442 11.1535 11.1035

July 30, 2019 0.0442 0.0442 10.5687 10.5187 0.0442 0.0442 11.1669 11.1169

July 15, 2019 0.0442 0.0442 10.5889 10.5389 0.0619 0.0619 11.2022 11.1322 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. Past 3 dividends, if declared, has been disclosed above.

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

ENTRY & EXIT LOAD


DIVIDENDS



PORTFOLIO


Issuer Industry/RatingNet Exposure

% of Net Assets






Bajaj Finance Limited CRISIL AAA 0.89%



L&T Finance Limited ICRA AAA 0.13%




AU Small Finance Bank Limited Margin Fixed Deposit 1.60%




NET ASSETS 100.00%

40

Axis Bluechip Fund - Regular Plan - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,80,000 6,00,000 3,60,000 1,20,000

Market value as on November 29, 2019 24,14,949 8,47,210 4,53,953 1,32,453

Returns (Annualised) 13.97% 13.79% 15.70% 19.96%

Benchmark Returns (Annualised) 11.66% 11.41% 11.62% 14.21%

Additional Benchmark Returns (Annualised) 12.20% 12.57% 13.62% 16.33%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50 TRI . Additional Benchmak: S&P BSE Sensex TRI. 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 - Regular Plan - Growth Option

SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,90,000 6,00,000 3,60,000 1,20,000





^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200 TRI. Additional Benchmak: Nifty 50 TRI. 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 - Regular Plan - 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 TRI. Additional Benchmak: Nifty 50 TRI. 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 - Regular Plan - Growth Option






^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50 TRI. Additional Benchmak: S&P BSE 200 TRI. 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 - Regular Plan - Growth Option

SIP Investments Since Inception SIP 3 Year SIP 1 Year SIPTotal Amount Invested 5,10,000 3,60,000 1,20,000

Market value as on November 29, 2019 6,05,721 4,06,462 1,26,224

Returns (Annualised) 8.06% 8.07% 9.83%

Benchmark Returns (Annualised) 8.92% 8.73% 10.40%

Additional Benchmark Returns (Annualised) 12.43% 11.62% 14.21%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Equity Savings Index. Additional Benchmak: Nifty 50 TRI. 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 Growth Opportunities Fund - Regular Plan - Growth OptionSIP Investments Since Inception SIP 1 Year SIP

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

Market value as on November 29, 2019 1,55,804 1,32,187

Returns (Annualised) 18.70% 19.52%

Benchmark Returns (Annualised) 10.42% 10.14%

Additional Benchmark Returns (Annualised) 14.92% 14.21%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY LargeMidcap 250 TRI. Additional Benchmak: Nifty 50 TRI Inception Date: Oct 22, 2018. This scheme are managed by Jinesh Gopani & Hitesh Das. Please refer to the Annexure for returns of all the schemes managed by them.

SIP PERFORMANCE OF SELECT SCHEMES (as on 29th November 2019)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. SIP returns are computed after accounting for cash flow by using XIRR method (investment internal rate of return).*

41

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

Total Amount Invested 2,50,000 1,20,000



Benchmark Returns (Annualised) -2.24% 11.43%

Additional Benchmark Returns (Annualised) 10.54% 14.21%

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 500 TRI. Additional Benchmak: Nifty 50 TRI Inception Date: Nov 20, 2017. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Small Cap Fund - Regular Plan - Growth Option




Benchmark Returns (Annualised) 1.93% -1.68% -9.47% -6.05%


Axis Triple Advantage Fund - Regular Plan - Growth OptionSIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIPTotal Amount Invested 11,20,000 6,00,000 3,60,000 1,20,000




Additional Benchmark Returns (Annualised) 7.68% 7.62% 7.88% 11.63%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Small Cap 100 TRI. Additional Benchmak: NIFTY 50 TRI. Inception Date: Nov 29, 2013. This scheme is managed by Anupam Tiwari. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Regular Saver Fund - Regular Plan - Growth Option





Additional Benchmark Returns (Annualised) 7.67% 7.61% 7.87% 11.54%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Short Duration Debt 25:75 Index.Additional Benchmak: NIFTY 10 yr Benchmark G-Sec. Inception Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them.

Axis Dynamic Equity Fund - Regular Plan - Growth Option

SIP Investments Since Inception SIP 1 Year SIPTotal Amount Invested 2,80,000 1,20,000




Additional Benchmark Returns (Annualised) 10.43% 14.21%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index. Additional Benchmak: Nifty 50 TRI. Inception Date: August 1, 2017. This scheme is managed by Anupam Tiwari, R. Sivakumar . Please refer to the Annexure for returns of all the schemes managed by them.

Axis Equity Hybrid Fund - Regular Plan - Growth Option

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




Additional Benchmark Returns (Annualised) 11.73% 14.21%^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL Hybrid 35+65 - Aggressive Index. Additional Benchmak: Nifty 50 TRI. Inception Date: August 9, 2018. This scheme is managed by Ashish Naik, R. Sivakumar . Please refer to the Annexure for returns of all the schemes managed by them. *Note - The above investment simulation should not be construed as a promise on minimum returns and safeguard of capital.

SIP PERFORMANCE OF SELECT SCHEMES (as on 29th November 2019)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. SIP returns are computed after accounting for cash flow by using XIRR method (investment internal rate of return).*

42

NAV

Axis Liquid Fund (as on 30th November 2019)

Axis Dynamic Bond Fund

Axis Banking & PSU Debt Fund

Axis Gilt Fund

Axis Treasury Advantage Fund

Axis Corporate Debt Fund

Axis Short Term Fund

Axis Strategic Bond Fund

Option NAV (`)Regular Plan - Daily Dividend 1001.3998Regular Plan - Growth 2153.5310Regular Plan - Monthly Dividend 1001.6409Regular Plan - Weekly Dividend 1002.8590Retail Plan - Daily Dividend 1000.9559Retail Plan - Growth 2026.8002Retail Plan - Monthly Dividend 1000.9822Retail Plan - Weekly Dividend 1001.3240Direct Plan - Bonus 2162.9458Direct plan - Daily Dividend 1000.9560Direct plan - Growth 2163.0938Direct plan - Monthly Dividend 1001.0548Direct plan - Weekly Dividend 1002.8663

Option NAV (`)Regular Plan - Growth 20.4634Regular Plan - Half Yearly Dividend 10.8014Regular Plan - Quarterly Dividend 10.7553Direct Plan - Growth 22.0144Direct Plan - Half Yearly Dividend 11.8009Direct Plan - Quarterly Dividend 10.9844

Option NAV (`)Regular Plan - Growth 14.7818Regular Plan - Monthly Dividend 10.1040Regular Plan - Weekly Dividend 10.1797Direct Plan - Growth 15.7328Direct Plan - Monthly Dividend 10.0530Direct Plan - Weekly Dividend 10.2612

Option NAV (`)Regular Plan - Daily Dividend 1022.4957Regular Plan - Growth 1871.0865Regular Plan - Monthly Dividend 1022.1036Regular Plan - Weekly Dividend 1023.2675Direct Plan - Daily Dividend 1022.4958Direct Plan - Growth 1898.1815Direct Plan - Monthly Dividend 1022.1357Direct Plan - Weekly Dividend 1023.3022

Option NAV (`)Regular Plan - Growth 17.5464Regular Plan - Half Yearly Dividend 10.9524Regular Plan - Dividend 10.0819Direct Plan - Growth 18.1743Direct Plan - Half Yearly Dividend 11.0189Direct Plan - Regular Dividend 10.0834

Option NAV (`)Regular Plan - Daily Dividend 1006.2334Regular Plan -Growth 2211.3310Regular Plan - Monthly Dividend 1006.5023Regular Plan - Weekly Dividend 1007.0563Retail Plan - Daily Dividend 1005.5654Retail Plan -Growth 2069.3340Retail Plan - Monthly Dividend 1006.5007Retail Plan - Weekly Dividend 1006.3229Direct Plan - Daily Dividend 1007.2893Direct Plan - Growth 2277.1036Direct Plan - Monthly Dividend 1006.5534Direct Plan - Weekly Dividend 1006.3547

Option NAV (`)Regular Plan - Dividend 11.7592Regular Plan -Daily Dividend 10.1624Regular Plan - Growth 11.7585Regular Plan - Monthly Dividend 10.1584Regular Plan - Weekly Dividend 10.1856Direct Plan Regular Dividend 11.9901Direct Plan Daily Dividend 10.1606Direct Plan Growth 11.9930Direct Plan Monthly Dividend 10.1663Direct Plan Weekly Dividend 10.1874

Option NAV (`)Regular Plan - Bonus 21.7245Regular Plan - Growth 21.6009Regular Plan - Monthly Dividend 10.2861Regular Plan - Weekly Dividend 10.2612Regular Plan - Dividend 14.4508Retail Plan - Growth 21.3572Retail Plan - Monthly Dividend 10.1115Retail Plan - Weekly Dividend 10.1695Direct Plan - Regular Dividend 13.8661Direct Plan - Growth option 22.7557Direct Plan - Monthly Dividend 10.1136Direct Plan - Weekly Dividend 10.2618

Option NAV (`)Regular Plan - Growth 18.9408Regular Plan - Half Yearly Dividend 10.5888Regular Plan - Quarterly Dividend 10.5489Direct Plan - Growth 20.0348Direct Plan - Half Yearly Dividend 11.0440Direct Plan - Quarterly Dividend 10.7459

Option NAV (`)Regular Plan - Dividend 16.82Regular Plan - Growth 31.62Direct Plan - Dividend 18.61Direct Plan - Growth 34.28






Axis Bluechip Fund

Axis Long Term Equity Fund

Axis Focused 25 Fund

Axis Multicap Fund

Axis Midcap Fund

Axis Arbitrage Fund

Equity Funds (as on 29th November 2019)

Debt Funds (as on 29th November 2019)

Option NAV (`)Regular Plan - Dividend 10.9822Regular Plan - Daily Dividend 10.0617Regular Plan - Growth 10.9822Regular Plan - Monthly Dividend 10.0672Regular Plan - Weekly Dividend 10.0750Direct Plan - Dividend 11.1011Direct Plan - Daily Dividend 10.0338Direct Plan - Growth 11.1005Direct Plan - Monthly Dividend 10.0565Direct Plan - Weekly Dividend 10.0589

Axis Ultra Short Term Fund

Axis Credit Risk Fund


Axis Small Cap Fund


Axis Growth Opportunities Fund

Axis Overnight Fund (as on 30th November 2019)

Option NAV (`)Regular Plan - Daily Dividend 1000.5032Regular Plan - Growth 1039.2518Regular Plan - Monthly Dividend 1001.5021Regular Plan - Weekly Dividend 1001.3350Direct Plan - Daily Dividend 1000.5073Direct Plan - Growth 1039.8049Direct Plan - Monthly Dividend 1001.5143Direct Plan - Weekly Dividend 1001.3712

Axis Money Market Fund

Option NAV (`)Regular Plan -Daily Dividend 1002.4683Regular Plan - Growth 1025.6678Regular Plan - Monthly Dividend 1002.9762Regular Plan - Quarterly Dividend 1019.0743Regular Plan - Annual Dividend 1025.6712Direct Plan -Daily Dividend 1002.5075Direct Plan - Growth 1026.1210Direct Plan - Monthly Dividend 1003.0002Direct Plan - Quarterly Dividend 1019.5424Direct Plan - Annual Dividend 1026.1600

43

NAV

Option NAV (`)Regular Plan - Dividend 11.15Regular Plan - Growth 11.15Regular Plan - Monthly Dividend 11.15Regular Plan - Quarterly Dividend 11.15Direct Regular Plan - Dividend 11.41Direct Plan - Growth 11.39Direct Plan - Monthly Dividend 11.39Direct Plan - Quarterly Dividend 11.40

Axis Equity Hybrid Fund

Axis Equity Saver Fund Axis Regular Saver Fund

Option NAV (`)Regular Plan - Dividend 13.06Regular Plan - Growth 13.46Regular Plan - Monthly Dividend 10.75Regular Plan - Quarterly Dividend 10.92Direct Plan - Regular Dividend 13.10Direct Plan - Growth 14.16Direct Plan - Monthly Dividend 11.32Direct Plan - Quarterly Dividend 11.50

Axis Children’s Gift Fund

Option NAV (`)Direct Plan - No Lock-In - Dividend 15.1336Direct Plan - No Lock-In - Growth 15.2822No Lock-In - Regular Dividend 14.2462No Lock-In - Regular Growth 14.2405Compulsory Lock-In - Regular Dividend 14.2498Compulsory Lock-In - Regular Growth 14.2423Dir Plan - Comp Lock-In - Dividend 15.1337Dir Plan - Comp Lock-In - Growth 15.1449

Axis Dynamic Equity Fund

Option NAV (`)Regular Plan - Dividend 10.95Regular Plan - Growth 11.33Direct Plan -Dividend 11.30Direct Plan - Growth 11.76

Option NAV (`)Regular Plan - Growth 19.4361Regular Plan - Half Yearly Dividend 10.5348Regular Plan - Quarterly Dividend 10.4535Regular Plan - Dividend - Annual 11.0749Direct Plan - Growth 21.2120Direct Plan - Half Yearly Dividend 11.1533Direct Plan - Quarterly Dividend 12.8916Direct Plan - Annual Dividend 11.9505

Axis Triple Advantage Fund

Option NAV (`)Regular Dividend 17.0759Regular Growth 21.2193Direct Plan - Dividend 19.4263Direct Plan - Growth 22.8452

Hybrid Funds (as on 29th November 2019)

Fund Name Minimum Investment Amount /in

Multiples of (`)

Additional Purchase Amount /in

Multiples of (`)

Minimum SIP Amount / in Multipules of (`)

Minimum Installments

Axis Bluechip Fund 5,000/1 100/1 500/1 06

Axis Focused 25 Fund 5,000/1 100/1 1,000/1 06

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

Axis Midcap Fund 5,000/1 100/1 1,000/1 06

Axis Multicap Fund 5,000/1 100/1 1,000/1 06

Axis Small Cap Fund 5,000/1 100/1 1,000/1 06

Axis Growth Opportunities Fund 5,000/1 100/1 1,000/1 06

Axis Equity Saver Fund 5,000/1 100/1 1,000/1 06

Axis Triple Advantage Fund 5,000/1 100/1 1,000/1 06

Axis Regular Saver Fund 5,000/1 100/1 1,000/1 06

Axis Gilt Fund£ 5,000/1 100/1 1,000/1 06

Axis Dynamic Bond Fund 5,000/1 100/1 1,000/1 06

Axis Corporate Debt Fund 5,000/1 100/1 1,000/1 06

Axis Strategic Bond Fund 5,000/1 100/1 1,000/1 06

Axis Credit Risk Fund 5,000/1 100/1 1,000/1 06

Axis Short Term Fund 5,000/1 1,000/1 1,000/1 06

Axis Banking & PSU Debt Fund 5,000/1 1,000/1 1,000/1 06

Axis Treasury Advantage Fund 5,000/1 1,000/1 1,000/1 06

Axis Ultra Short Term Fund 5,000/1 100/1 1,000/1 06

Axis Liquid Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- -

Axis Overnight Fund Growth Option: `500 and in

multiples of ` 1/- there-after

All other Options:` 5,000 and in

multiples of `1/- thereaf-ter

Growth Option: ` 500 and in

multiples of ` 1/- thereafter All other

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

thereafter

- -

Axis Money Market Fund 5,000/1 1,000/1 1,000/1 06

Axis Arbitrage Fund 5,000/1 100/1 1,000/1 06

Axis Children’s Gift Fund 5,000/1 100/1 1,000/1 06

Axis Dynamic Equity Fund 5,000/1 100/1 1,000/1 06

Axis Equity Hybrid Fund 5,000/1 100/1 1,000/1 06

MINIMUM INVESTMENT AMOUNT DETAILS

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

44

1 Year 3 Years 5 Years Since Inception

Date of inception CAGR (%) CurrentValue of

Investmentof ` 10,000

CAGR (%) CurrentValue of


CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 5 SCHEMES)Axis Bluechip Fund - Regular Plan - Growth Option

05-Jan-1017.72% 11,772 18.84% 16,775 9.91% 16,051 12.33% 31,620

Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 10.05% 25,819S&P BSE Sensex TRI (Additional Benchmark) 14.01% 11,401 16.67% 15,874 8.70% 15,183 10.37% 26,581Axis Bluechip Fund - Direct Plan - Growth Option

01-Jan-13

19.15% 11,915 20.36% 17,428 11.22% 17,029 16.15% 28,144

Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113S&P BSE Sensex TRI (Additional Benchmark) 14.01% 11,401 16.67% 15,874 8.70% 15,183 12.76% 22,935Axis Midcap Fund - Regular Plan - Growth Option

18-Feb-1114.98% 11,498 16.99% 16,004 10.55% 16,524 16.99% 39,690

S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 7.61% 12,458 9.19% 15,528 11.22% 25,443Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 10.83% 24,683Axis Midcap Fund - Direct Plan - Growth Option

01-Jan-1316.51% 11,651 18.36% 16,574 11.87% 17,532 18.05% 31,490

S&P BSE TRI Midcap (Benchmark) 1.32% 10,132 7.61% 12,458 9.19% 15,528 12.72% 22,881Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113Axis Multicap Fund - Regular Plan - Growth@ Option

20-Nov-1716.57% 11,657 NA NA NA NA 12.05% 12,590

Nifty 500 (Benchmark) 9.08% 10,908 NA NA NA NA 4.73% 10,981Nifty 50 (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.55% 12,028Axis Multicap Fund - Direct Plan - Growth@ Option

20-Nov-1718.47% 11,847 NA NA NA NA 13.92% 13,020

Nifty 500 TRI (Benchmark) 9.08% 10,908 NA NA NA NA 4.73% 10,981Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.55% 12,028Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth@ Option

25-May-1713.54% 11,354 NA NA NA NA 9.56% 12,580

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 10.68% 12,906Nifty 50 TRI (Additional-l Benchmark) 12.34% 11,234 NA NA NA NA 11.51% 13,152Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@ Option

25-May-1714.79% 11,479 NA NA NA NA 11.13% 13,040

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 10.68% 12,906Nifty 50 TRI (Additional-l Benchmark) 12.34% 11,234 NA NA NA NA 11.51% 13,152Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth@ Option

03-Aug-1713.58% 11,358 NA NA NA NA 8.67% 12,130

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 12.56% 11,256 NA NA NA NA 9.17% 12,261Nifty 50 TRI (Additional-l Benchmark) 12.34% 11,234 NA NA NA NA 9.71% 12,403Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@ Option

03-Aug-1714.79% 11,479 NA NA NA NA 10.35% 12,570

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 9.17% 12,261Nifty 50 TRI (Additional-l Benchmark) 12.34% 11,234 NA NA NA NA 9.71% 12,403

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

29-Dec-0914.26% 11,426 15.83% 15,532 11.38% 17,155 17.28% 48,629

S&P BSE 200 TRI (Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 10.38% 26,649Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 10.22% 26,267Axis Long Term Equity Fund - Direct Plan - Growth* Option

01-Jan-1315.32% 11,532 17.01% 16,015 12.57% 18,091 19.98% 35,213

S&P BSE 200 TRI (Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 12.57% 22,676Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113Axis Focused 25 Fund - Regular Plan- Growth Option

29-Jun-1215.14% 11,514 17.56% 16,241 12.41% 17,962 16.21% 30,500

Nifty 50 (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 13.17% 25,053S&P BSE 200 TRI (Additional Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 13.82% 26,136Axis Focused 25 Fund - Direct Plan - Growth Option

01-Jan-1316.71% 11,671 19.02% 16,851 13.86% 19,146 16.33% 28,456

Nifty 50 TRI (Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 12.17% 22,113S&P BSE 200 TRI (Additional Benchmark) 10.37% 11,037 13.79% 14,727 8.92% 15,334 12.57% 22,676Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth@ Option

29-Dec -16

9.54% 10,954 NA NA NA NA 9.32% 12,970

S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 9.64% 13,079Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 16.15% 15,479Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan- Growth@ Option

29-Dec -1610.74% 11,074 NA NA NA NA 10.86% 13,510

S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 9.64% 13,079Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 16.15% 15,479Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@ Option

27-Feb -178.90% 10,890 NA NA NA NA 8.38% 12,480

S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 5.18% 11,491Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 13.25% 14,087Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan - Growth@ Option

27-Feb -1710.20% 11,020 NA NA NA NA 9.91% 12,970

S&P BSE Midcap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 5.18% 11,491Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 13.25% 14,087Axis Growth Opportunities Fund - Regular Plan - Growth Option

22-Oct-1815.20% 11,520 NA NA NA NA 16.35% 11,820

NIFTY LargeMidcap 250 TRI (Benchmark) 6.97% 10,697 NA NA NA NA 12.86% 11,429Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 17.44% 11,942Axis Growth Opportunities Fund - Direct Plan - Growth@ Option

22-Oct-1817.41% 11,741 NA NA NA NA 18.58% 12,070

NIFTY LargeMidcap 250 TRI (Benchmark) 6.97% 10,697 NA NA NA NA 12.86% 11,429Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 17.44% 11,942

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

14-Aug-158.72% 10,872 8.95% 12,930 NA NA 7.16% 13,460

NIFTY 50 Equity Savings Index (Benchmark) 9.72% 10,972 9.56% 13,149 NA NA 8.06% 13,950Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 9.82% 14,955Axis Equity Saver Fund - Direct Plan - Growth@ Option

14-Aug-159.94% 10,994 10.21% 13,384 NA NA 8.43% 14,160

NIFTY 50 Equity Savings Index (Benchmark) 9.72% 10,972 9.56% 13,149 NA NA 8.06% 13,950Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 9.82% 14,955Axis Triple Advantage Fund - Regular Plan - Growth Option

23-Aug-1015.46% 11,546 9.29% 13,050 7.61% 14,437 8.45% 21,219

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.78% 11,378 12.69% 14,305 8.61% 15,119 9.70% 23,603NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.34% 19,295Axis Triple Advantage Fund - Direct Plan Growth Option

01-Jan-1316.75% 11,675 10.59% 13,520 8.77% 15,228 8.88% 18,006

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.78% 11,378 12.69% 14,305 8.61% 15,119 10.27% 19,660NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.32% 16,293Axis Dynamic Bond Fund - Regular Plan - Growth Option

27-Apr-1112.17% 11,217 6.01% 11,913 8.42% 14,988 8.69% 20,463

NIFTY Composite Debt Index (Benchmark) 12.42% 11,242 6.59% 12,106 8.47% 15,019 8.62% 20,352NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.46% 18,564Axis Dynamic Bond Fund - Direct Plan - Growth Option

02-Jan-1313.04% 11,304 6.91% 12,216 9.46% 15,724 9.63% 18,878

NIFTY Composite Debt Index (Benchmark) 12.42% 11,242 6.59% 12,106 8.47% 15,019 8.47% 17,536NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.32% 16,288Axis Dynamic Equity Fund -Regular Plan - Growth@ Option

1-Aug-176.29% 10,629 NA NA NA NA 5.51% 11,330

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 12.56% 11,256 NA NA NA NA 8.37% 12,059Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.23% 12,281Axis Dynamic Equity Fund - Direct Plan - Growth@ Option

1-Aug-177.89% 10,789 NA NA NA NA 7.21% 11,760

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 12.56% 11,256 NA NA NA NA 8.37% 12,059Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.23% 12,281Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@ Option

08-Dec-1513.22% 11,322 10.39% 13,450 NA NA 9.30% 14,242

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 NA NA 11.85% 15,613

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 13.42% 16,505Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@ Option

08-Dec-1514.75% 11,475 12.09% 14,079 NA NA 11.00% 15,145

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 NA NA 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 13.42% 16,505Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@ Option

08-Dec-1513.22% 11,322 10.39% 13,449 NA NA 9.29% 14,241

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 NA NA 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 13.42% 16,505Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@ Option

08-Dec-1514.85% 11,485 12.27% 14,147 NA NA 11.25% 15,282

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 NA NA 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 13.42% 16,505Axis Equity Hybrid Fund -Regular Plan - Growth@ Option

1-Aug-17

13.89% 11,389 NA NA NA NA 8.69% 11,150

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 11.23% 11,123 NA NA NA NA 6.14% 10,809

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 5.20% 10,685

Axis Equity Hybrid Fund - Direct Plan - Growth@ Option

1-Aug-17

15.63% 11,563 NA NA NA NA 10.47% 11,390

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 11.23% 11,123 NA NA NA NA 6.14% 10,809

Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 5.20% 10,685

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 29th November 2019)

45






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception Date

FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 8 SCHEMES)Axis Liquid Fund - Regular Plan - Growth Option

09-Oct-096.85% 10,685 6.97% 12,241 7.41% 14,302 7.85% 21,535

NIFTY Liquid Index (Benchmark) 6.68% 10,668 6.78% 12,176 7.22% 14,176 7.78% 21,396NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.65% 10,765 6.94% 12,230 7.44% 14,319 6.94% 19,753Axis Liquid Fund - Direct Plan - Growth Option

31-Dec-126.91% 10,691 7.04% 12,264 7.48% 14,348 7.97% 16,993

NIFTY Liquid Index (Benchmark) 6.68% 10,668 6.78% 12,176 7.22% 14,176 7.77% 16,781NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.65% 10,765 6.94% 12,230 7.44% 14,319 7.56% 16,558Axis Liquid Fund - Retail Plan - Growth Option

01-Mar-106.33% 10,633 6.40% 12,044 6.85% 13,927 7.51% 20,268

NIFTY Liquid Index (Benchmark) 6.68% 10,668 6.78% 12,176 7.22% 14,176 7.96% 21,110NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.65% 10,765 6.94% 12,230 7.44% 14,319 7.07% 19,468Axis Treasury Advantage Fund - Regular Plan - Growth Option

09-Oct-099.30% 10,930 7.54% 12,434 7.93% 14,655 8.14% 22,113

NIFTY Low Duration Debt Index (Benchmark) 8.73% 10,873 7.48% 12,413 7.91% 14,638 8.28% 22,411NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 6.94% 19,750Axis Treasury Advantage Fund - Direct Plan - Growth Option

01-Jan-139.64% 10,964 8.05% 12,613 8.41% 14,979 8.72% 17,821

NIFTY Low Duration Debt Index (Benchmark) 8.73% 10,873 7.48% 12,413 7.91% 14,638 8.25% 17,300NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 16,550Axis Treasury Advantage Fund - Retail Plan - Growth Option

03-Mar-109.29% 10,929 7.30% 12,352 7.51% 14,372 7.75% 20,693

NIFTY Low Duration Debt Index (Benchmark) 8.73% 10,873 7.48% 12,413 7.91% 14,638 8.38% 21,921NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.07% 19,462Axis Banking & PSU Debt Fund - Regular Plan - Growth Option

08-Jun-1211.64% 11,164 8.47% 12,760 8.56% 15,087 8.74% 18,711

NIFTY Banking & PSU Debt Index (Benchmark) 10.42% 11,042 6.86% 12,199 7.94% 14,661 8.49% 18,398NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 17,243Axis Banking & PSU Debt Fund - Direct Plan - Growth Option

01-Jan-1311.94% 11,194 8.74% 12,854 8.80% 15,251 8.90% 18,030

NIFTY Banking & PSU Debt Index (Benchmark) 10.42% 11,042 6.86% 12,199 7.94% 14,661 8.31% 17,359NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 16,550Axis Ultra Short Term Fund - Regular Plan - Growth@ Option

10-Sep-187.99% 10,799 NA NA NA NA 7.99% 10,982

CRISIL Ultra Short Term Fund Index (Benchmark) 8.19% 10,819 NA NA NA NA 8.26% 11,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 NA NA NA NA 8.10% 10,996Axis Ultra Short Term Fund - Direct Plan - Growth@ Option

10-Sep-188.96% 10,896 NA NA NA NA 8.94% 11,101

CRISIL Ultra Short Term Fund Index (Benchmark) 8.19% 10,819 NA NA NA NA 8.26% 11,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 NA NA NA NA 8.10% 10,996Axis Equity Advantage Fund - Series 1 - Regular Plan - Growth@ Option

25-May-1713.54% 11,354 NA NA NA NA 9.56% 12,580

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 10.68% 12,906Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 11.51% 13,152Axis Equity Advantage Fund - Series 1 - Direct Plan - Growth@ Option

25-May-1714.79% 11,479 NA NA NA NA 11.13% 13,040

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 10.68% 12,906Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 11.51% 13,152Axis Equity Advantage Fund - Series 2 - Regular Plan - Growth@ Option

03-AUG-1713.58% 11,358 NA NA NA NA 8.67% 12,130

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 9.17% 12,261Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.71% 12,403Axis Equity Advantage Fund - Series 2 - Direct Plan - Growth@ Option

03-Aug-1714.79% 11,479 NA NA NA NA 10.35% 12,570

75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 12.56% 11,256 NA NA NA NA 9.17% 12,261Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.71% 12,403

TOP 3 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 14 SCHEMES)Axis Triple Advantage Fund - Regular Plan - Growth Option

23-Aug-1015.46% 11,546 9.29% 13,050 7.61% 14,437 8.45% 21,219

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.78% 11,378 12.69% 14,305 8.61% 15,119 9.70% 23,603NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.34% 19,295Axis Triple Advantage Fund - Direct Plan - Growth Option

01-Jan-1316.75% 11,675 10.59% 13,520 8.77% 15,228 8.88% 18,006

NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 13.78% 11,378 12.69% 14,305 8.61% 15,119 10.27% 19,660NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.32% 16,293Axis Equity Hybrid Fund - Regular Plan - Growth@ Option

09-Aug-1813.89% 11,389 NA NA NA NA 8.69% 11,150

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 11.23% 11,123 NA NA NA NA 6.14% 10,809Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 5.20% 10,685Axis Equity Hybrid Fund - Direct Plan - Growth@ Option

09-Aug-1815.63% 11,563 NA NA NA NA 10.47% 11,390

CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) 11.23% 11,123 NA NA NA NA 6.14% 10,809Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 5.20% 10,685Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@@ Option

08-Dec-1513.22% 11,322 10.39% 13,450 NA NA 9.30% 14,242

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 NA NA 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 13.42% 16,505Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@@ Option

08-Dec-1514.75% 11,475 12.09% 14,079 NA NA 11.00% 15,145

NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 12.54% 11,254 12.27% 14,146 NA NA 11.85% 15,613Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 13.42% 16,505

BOTTOM 3 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 14 SCHEMES)Axis Hybrid Fund - Series 33 - Regular Plan - Growth@ Option

09-Sep-162.90% 10,290 5.50% 11,740 NA NA 4.72% 11,601

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 12.54% 11,254 8.37% 12,726 NA NA 8.53% 13,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 NA NA 7.10% 12,474Axis Hybrid Fund - Series 33 - Direct Plan - Growth@ Option

09-Sep-163.73% 10,373 6.88% 12,208 NA NA 6.13% 12,113

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 12.54% 11,254 8.37% 12,726 NA NA 8.53% 13,016NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 NA NA 7.10% 12,474Axis Regular Saver Fund - Regular Plan - Growth@ Option

16-Jul-102.74% 10,274 5.33% 11,684 5.51% 13,079 7.34% 19,436

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 10.78% 11,078 9.53% 13,137 8.36% 14,944 9.15% 22,721NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.07% 18,978Axis Regular Saver Fund - Direct Plan - Growth@ Option

04-Jan-133.67% 10,367 6.52% 12,084 6.85% 13,933 8.90% 18,019

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 10.78% 11,078 9.53% 13,137 8.36% 14,944 9.47% 18,678NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.25% 16,215Axis Hybrid Fund - Series 31 - Regular Plan - Growth@@ Option

19-Jul-162.69% 10,269 5.87% 11,866 NA NA 5.32% 11,904

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 12.54% 11,254 8.37% 12,726 NA NA 9.09% 13,401NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 NA NA 7.12% 12,605Axis Hybrid Fund - Series 31 - Direct Plan - Growth@@ Option

19-Jul-163.53% 10,353 7.27% 12,343 NA NA 6.76% 12,460

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 12.54% 11,254 8.37% 12,726 NA NA 9.09% 13,401NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 NA NA 7.12% 12,605

TOP 3 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 7 SCHEMES) Axis Small Cap Fund - Regular Plan - Growth Option

29-Nov-1320.40% 12,040 13.22% 14,510 11.56% 17,291 21.00% 31,400

Nifty Smallcap 100 TRI (Benchmark) -5.42% 9,458 0.85% 10,258 3.34% 11,787 11.72% 19,450Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 13.21% 21,055Axis Small Cap Fund - Direct Plan - Growth Option

29-Nov-1321.79% 12,179 14.51% 15,009 12.80% 18,275 22.37% 33,590

Nifty Smallcap 100 TRI (Benchmark) -5.42% 9,458 0.85% 10,258 3.34% 11,787 11.72% 19,450Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 8.39% 14,967 13.21% 21,055Axis Capital Builder Fund - Series 1 - Regular Plan - Growth@ Option

08-Mar-1811.18% 11,118 NA NA NA NA 4.78% 10,840

Nifty 500 TRI (Benchmark) 9.08% 10,908 NA NA NA NA 6.54% 11,157Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 11.50% 12,070Axis Capital Builder Fund - Series 1 - Direct Plan - Growth@ Option

08-Mar-1812.27% 11,227 NA NA NA NA 6.06% 11,070

Nifty 500 TRI (Benchmark) 9.08% 10,908 NA NA NA NA 6.54% 11,157Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 11.50% 12,070Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Regular Plan - Growth@ Option

29-Dec-169.54% 10,954 NA NA NA NA 9.32% 12,970

S&P BSE MidCap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 9.64% 13,079Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 16.15% 15,479Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan - Growth@ Option

29-Dec-1610.74% 11,074 NA NA NA NA 10.86% 13,510

S&P BSE MidCap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 9.64% 13,079Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 16.15% 15,479

BOTTOM 3 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 7 SCHEMES) Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Regular Plan - Growth@ Option

27-Feb-178.90% 10,890 NA NA NA NA 8.38% 12,480

S&P BSE MidCap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 5.18% 11,491Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 13.25% 14,087Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct Plan - Growth@ Option

27-Feb-1710.20% 11,020 NA NA NA NA 9.91% 12,970

S&P BSE MidCap TRI (Benchmark) 1.32% 10,132 NA NA NA NA 5.18% 11,491Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 13.25% 14,087Axis Equity Saver Fund - Regular Plan - Growth@@ Option

14-Aug-158.72% 10,872 8.95% 12,930 NA NA 7.16% 13,460

NIFTY Equity Savings Index (Benchmark) 9.72% 10,972 9.56% 13,149 NA NA 8.06% 13,950Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 9.82% 14,955Axis Equity Saver Fund - Direct Plan - Growth@@ Option

14-Aug-159.94% 10,994 10.21% 13,384 NA NA 8.43% 14,160

NIFTY Equity Savings Index (Benchmark) 9.72% 10,972 9.56% 13,149 NA NA 8.06% 13,950Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 15.12% 15,252 NA NA 9.82% 14,955Axis Dynamic Equity Fund - Regular Plan - Growth@ Option

01-Aug-176.29% 10,629 NA NA NA NA 5.51% 11,330

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 12.56% 11,256 NA NA NA NA 8.37% 12,059Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.23% 12,281


46

47

Total Expense Ratio**Scheme - Regular Plan / Retail Plan / Direct Plan# : Axis Liquid Fund : 0.16% / 0.65% / 0.11%, Axis Treasury Advantage Fund : 0.57% / 0.57% / 0.27%, Axis Banking & PSU Debt Fund : 0.59% / 0.29%, Axis Short Term Fund : 0.93% / 0.93% / 0.27%, Axis Dynamic Bond Fund : 0.60% / 0.22%, Axis Gilt Fund : 0.66% / 0.20%, Axis Strategic Bond Fund : 1.05% / 0.37%, Axis Credit Risk Fund : 1.64% / 0.57%, Axis Arbitrage Fund : 0.99% / 0.27%, Axis Corporate Debt Fund : 1.04% / 0.28%, Axis Regular Saver* : 2.24% / 1.24%, Axis Long Term Equity Fund*: 1.68% / 0.92%, Axis Focused 25 Fund* : 1.89% / 0.65%, Axis Bluechip Fund* : 1.76% / 0.64%, Axis Triple Advantage Fund* : 2.34% / 1.10%, Axis Midcap Fund*: 1.99% / 0.61%, Axis Equity Saver Fund* : 2.35% / 1.11%, Axis Children’s Gift Fund* : 2.45% / 1.07%, Axis Dynamic Equity Fund* : 2.01% / 0.64%, Axis Multi Cap Fund* : 1.91% / 0.53%, Axis Equity Hybrid Fund* : 2.05% / 0.63%, Axis Ultra Short Term Fund : 1.18% / 0.27%, Axis Growth Opportunities Fund* : 2.26% / 0.55%, Axis Small Cap Fund* : 2.07% / 0.42%, Axis Overnight Fund : 0.14%/ 0.09%, Axis Money Market Fund : 0.30% / 0.16%

*The rates mentioned above are inclusive of a proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes.1. Total Expenses Ratio is inclusive of GST2. **Total Expenses Ratio is of last day of the month3. # Retail Plan is applicable to Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Short Term Fund

Past performance may or may not be sustained in future. Calculations are based on Regular Plan - Growth Option NAV and Direct Plan – Growth Option NAV, as applicable. Face Value per unit : `1,000/- for Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Money Market Fund, Axis Overnight Fund and Axis Banking & PSU Debt Fund, Rs. 2,026.8434/- for Axis Gold ETF and Rs. 10/- for all other schemes. Differ-ent plans have different expense structure.

The above data excludes performance of all the schemes which have not completed a year.

Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund since 7th June 2016 and Axis Emerging Opportunites Fund Series 1 and Series 2 since inception, Axis Growth Opportunities Fund since inception. Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception and Axis Multicap Fund since 20th November 2017.

Anupam Tiwari is managing Axis Equity Saver Fund and Axis Small Cap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 27th Feb 2017, Axis Dynamic Equity Fund since inception, Axis Capital Builder Fund - Series 1 and Axis Capital Builder Fund - Series 4 since inception. Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund , Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver Fund (Debt portion), Axis Gold Fund, Axis Gold ETF , all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, 2017.

Ashish Naik is managing the equity portion of Axis Regular Saver Fund and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children’s Gift Fund since July 6th, 2016 and Axis Nifty ETF since July 3rd 2017 and Axis Nifty 100 Index Fund, Axis Capital Builder Fund - Series 1 and Axis Equity Hybrid Fund since inception, all Axis Hybrid Funds since 7th March, 2019 and Axis Capital Protection Oriented Fund – Series 5 since 7th March 2019.

Aditya Pagaria is managing Axis Ultra short term fund since inception and Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Banking & PSU Debt Fund since 13th August, 2016, Axis Equity Advantage Fund Series - 1 since 26th May, 2017 & Axis Equity Advantage Fund Series - 2 since 7th March 2019, Axis Overnight Fund since inception.

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

Viresh Joshi is managing Axis Arbitrage Fund since 7th March 2019

Dhaval Patel managing Axis Credit Risk Fund since inception.

Hitesh Das managing Axis Growth Opportunities Fund since inception.

@The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. @@The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.* An open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit. # Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Manage-ment Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The following schemes have fundamental attribute changes w.e.f 14th Aug 2019 Axis Bluechip Fund, Axis Children’s Gift Fund, Axis Dynamic Equity Fund, Axis Equity Hybrid Fund, Axis Equity Saver Fund, Axis Focused 25 Fund, Axis Growth Op-portunities Fund, Axis Midcap Fund, Axis Multicap Fund, Axis Regular Saver Fund, Axis Small Cap Fund, Axis Triple Advantage Fund Pursuant to Notice cum addendum dated July 4, 2019, fundamental attribute(s) of the aforementioned scheme have been changed with effect from August 14, 2019.






CAGR (%)

CurrentValue of


CAGR (%) Current

Value Of

Investment

Of ` 10,000

Was Invested On

Inception DateAxis Dynamic Equity Fund - Direct Plan - Growth@ Option

01-Aug-177.89% 10,789 NA NA NA NA 7.21% 11,760

NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 12.56% 11,256 NA NA NA NA 8.37% 12,059Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 9.23% 12,281

TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 26 SCHEMES)Axis Gold ETF - Regular Plan - Growth Option

10-Nov-1024.49% 12,449 7.28% 12,346 6.06% 13,424 5.64% 16,437

Domestic Price of Gold (Benchmark) 22.87% 12,287 8.69% 12,838 7.30% 14,230 5.88% 16,784Axis Gold Fund - Growth Option

20-Oct-1123.31% 12,331 7.07% 12,274 5.23% 12,905 2.06% 11,798

Domestic Price of Gold (Benchmark) 22.87% 12,287 8.69% 12,838 7.30% 14,230 3.19% 12,899Axis Gold Fund - Direct Plan - Growth Option

01-Jan-1323.58% 12,358 7.68% 12,482 6.16% 13,491 1.47% 11,061

Domestic Price of Gold (Benchmark) 22.87% 12,287 8.69% 12,838 7.30% 14,230 1.99% 11,460Axis Gilt Fund - Regular Plan - Growth Option

23-Jan-1213.94% 11,394 5.24% 11,654 8.06% 14,742 7.42% 17,546

NIFTY All Duration G-Sec Index (Benchmark) 13.01% 11,301 6.19% 11,974 8.55% 15,078 8.11% 18,446Axis Gilt Fund - Direct Plan - Growth Option

01-Jan-1314.46% 11,446 5.77% 11,830 8.61% 15,116 7.99% 17,008

NIFTY All Duration G-Sec Index (Benchmark) 13.01% 11,301 6.19% 11,974 8.55% 15,078 7.97% 16,991BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 26 SCHEMES)

Axis Regular Saver Fund - Regular Plan - Growth@ Option16-Jul-10

2.74% 10,274 5.33% 11,684 5.51% 13,079 7.34% 19,436NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 10.78% 11,078 9.53% 13,137 8.36% 14,944 9.15% 22,721NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.07% 18,978Axis Regular Saver Fund - Direct Plan - Growth@ Option

04-Jan-133.67% 10,367 6.52% 12,084 6.85% 13,933 8.90% 18,019

NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 10.78% 11,078 9.53% 13,137 8.36% 14,944 9.47% 18,678NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.25% 16,215Axis Hybrid Fund - Series 31 - Regular Plan - Growth@@ Option

19-Jul-162.69% 10,269 5.87% 11,866 NA NA 5.32% 11,904

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 12.54% 11,254 8.37% 12,726 NA NA 9.09% 13,401NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 NA NA 7.12% 12,605Axis Hybrid Fund - Series 31 - Direct Plan - Growth@@ Option

19-Jul-163.53% 10,353 7.27% 12,343 NA NA 6.76% 12,460

Crisil Composite Bond Fund Index (80%) and Nifty 50 TRI (20%) (Benchmark) 12.54% 11,254 8.37% 12,726 NA NA 9.09% 13,401NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 NA NA 7.12% 12,605Axis Fixed Term Plan - Series 96 (1124D) - Regular Plan - Growth@ Option

03-Sep-180.88% 10,088 NA NA NA NA 1.25% 10,156

50% CRISIL Composite Bond Fund Index + 50% CRISIL Short Term Bond Fund Index (Benchmark) 11.36% 11,136 NA NA NA NA 11.22% 11,407NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 NA NA NA NA 8.06% 11,008Axis Fixed Term Plan - Series 96 (1124D) - Direct Plan - Growth@ Option

03-Sep-181.16% 10,116 NA NA NA NA 1.54% 10,191

50% CRISIL Composite Bond Fund Index + 50% CRISIL Short Term Bond Fund Index (Benchmark) 11.36% 11,136 NA NA NA NA 11.22% 11,407NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 NA NA NA NA 8.06% 11,008

BY FUNDS MANAGED BY VIRESH JOSHI (TOTAL SCHEMES MANAGED : 1 SCHEME)Axis Arbitrage Fund - Regular Plan - Growth Option

14-Aug-145.80% 10,580 5.99% 11,906 6.37% 13,624 6.45% 13,926

Nifty 50 Arbitrage Index (Benchmark) 6.51% 10,651 5.20% 11,640 6.05% 13,416 6.10% 13,686NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 14,712Axis Arbitrage Fund - Direct Plan - Growth Option

14-Aug-146.55% 10,655 6.82% 12,186 7.23% 14,185 7.32% 14,535

Nifty 50 Arbitrage Index (Benchmark) 6.51% 10,651 5.20% 11,640 6.05% 13,416 6.10% 13,686NIFTY 1 Year T-Bill Index (Additional Benchmark) 7.63% 10,763 6.94% 12,228 7.44% 14,323 7.56% 14,712

BY FUNDS MANAGED BY DHAVAL PATEL (TOTAL SCHEMES MANAGED : 1 SCHEME)Axis Strategic Bond Fund - Regular Plan - Growth Option

28-Mar-127.80% 10,780 6.54% 12,090 8.25% 14,873 8.68% 18,941

NIFTY Medium Duration Debt Index (Benchmark) 11.70% 11,170 7.08% 12,276 8.46% 15,012 8.89% 19,230NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.82% 17,820Axis Strategic Bond Fund - Direct Plan - Growth Option

07-Jan-138.51% 10,851 7.24% 12,330 9.11% 15,472 9.29% 18,449

NIFTY Medium Duration Debt Index (Benchmark) 11.70% 11,170 7.08% 12,276 8.46% 15,012 8.52% 17,578NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) 11.86% 11,186 4.78% 11,503 8.00% 14,703 7.22% 16,172

BY FUNDS MANAGED BY HITESH DAS (TOTAL SCHEMES MANAGED : 1 SCHEME)Axis Growth Opportunities Fund - Regular Plan - Growth@ Option

22-Oct-1815.20% 11,520 NA NA NA NA 16.35% 11,820

NIFTY Large Midcap 250 TRI (Benchmark) 6.97% 10,697 NA NA NA NA 12.86% 11,429Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 17.44% 11,942Axis Growth Opportunities Fund - Direct Plan - Growth@ Option

22-Oct-1817.41% 11,741 NA NA NA NA 18.58% 12,070

NIFTY Large Midcap 250 TRI (Benchmark) 6.97% 10,697 NA NA NA NA 12.86% 11,429Nifty 50 TRI (Additional Benchmark) 12.34% 11,234 NA NA NA NA 17.44% 11,942


48

PRODUCT LABELLINGAXIS BLUECHIP FUND (An open ended equity scheme predominantly investing in large cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over long terml Investmentinadiversifiedportfoliopredominantlyconsistingofequityandequityrelatedinstrumentsoflargecapcompanies

AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND (Anopenendedequitylinkedsavingschemewithastatutorylockinof3yearandtaxbenefit)This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml InvestmentinadiversifiedportfoliopredominantlyconsistingofequityandequityrelatedinstrumentsAXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks)This product is suitable for investors who are seeking*l Capital appreciation over long terml Investing predominantly in equity & equity related instruments of Mid Cap companies. AXIS MULTICAP FUND (An open ended equity scheme investing across large cap, mid cap, small cap stocks) This product is suitable for investors who are seeking*l Capital appreciation over medium to long terml Investmentinadiversifiedportfolioconsistingofequityandequityrelatedinstrumentsacrossmarketcapitalization.AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long term l Investmentinadiversifiedportfolioofequityandequityrelatedinstruments,fixedincomeinstruments&goldexchangetradedfundsAXIS REGULAR SAVER FUND (An open ended hybrid scheme investing predominantly in debt instruments) This product is suitable for investors who are seeking*l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold) This product is suitable for investors who are seeking* l Capital Appreciation over medium to long terml Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking errorAXIS GOLD FUND (An open ended fund of fund scheme investing in Axis Gold ETF) This product is suitable for investors who are seeking*l Capital Appreciation over medium to long terml Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking errorAXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) This product is suitable for investors who are seeking* l Capital Appreciation while generating income over medium to long terml Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instrumentsAXIS CHILDREN’S GIFT FUND (An open ended fund for investment for children, having a lock-in of 5 years or till the child attains age of majority (whichever is earlier)) This product is suitable for investors who are seeking*l Capital appreciation & generating income over long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic asset allocation fund) This product is suitable for investors who are seeking* l Capital appreciation & generating income over medium to long terml Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocationAXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml Investments in Equity & Equity related instruments covered by Nifty 50 IndexAXIS EQUITY HYBRID FUND (An open-ended hybrid scheme investing predominantly in equity and equity related instruments) This product is suitable for investors who are seeking* l Capital appreciation along with generation of income over medium to long term. l Investment in equity and equity related instruments as well as debt and money market instruments.AXIS SMALL CAP FUND (An open ended equity scheme predominantly investing in small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long term. l investmentinadiversifiedportfoliopredominantlyconsistingofequityandequityrelatedinstrumentsofsmallcapcompanies.AXIS GROWTH OPPORTUNITIES FUND (An Open-ended Equity Scheme investing in both large cap and mid cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long term. l investmentinadiversifiedportfoliopredominantlyconsistingofequityandequityrelatedinstrumentsbothinIndiaaswellasoverseas.AXIS EQUITY ADVANTAGE FUND SERIES 1 (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over medium to long term. l InvestmentinadiversifiedportfolioofpredominantlyequityandequityrelatedinstrumentsacrossmarketcapwhilemanagingriskthroughactivehedgingstrategiesAXIS EQUITY ADVANTAGE FUND SERIES 2 (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over medium to long terml InvestmentinadiversifiedportfolioofpredominantlyequityandequityrelatedinstrumentsacrossmarketcapwhilemanagingriskthroughactivehedgingstrategiesAXIS EMERGING OPPORTUNITIES FUND – SERIES 1 (1400 DAYS) (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investmentinadiversifiedportfolioofequityandequityrelatedinstrumentsofmidcapcompanies.AXIS EMERGING OPPORTUNITIES FUND – SERIES 2 (1400 DAYS) (A close-ended Equity Scheme) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investmentinadiversifiedportfolioofequityandequityrelatedinstrumentsofmidcapcompanies.AXIS CAPITAL BUILDER FUND – SERIES 4 (1582 DAYS) (A close ended equity scheme investing across large caps, mid caps and small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investmentinadiversifiedportfolioofpredominantlyequityandequityrelatedinstrumentsacrossmarketcapitalisation.AXIS CAPITAL BUILDER FUND – SERIES 1 (1540 DAYS) (A close ended equity scheme investing across large caps, mid caps and small cap stocks) This product is suitable for investors who are seeking* l Capital appreciation over long terml Investmentinadiversifiedportfolioofpredominantlyequityandequityrelatedinstrumentsacrossmarketcapitalisation.AXIS HYBRID FUND – SERIES 5 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instruments.AXIS HYBRID FUND – SERIES 6 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS HYBRID FUND – SERIES 7 (42 months close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long terml Investment in debt and money market instruments as well as equity and equity related instruments AXIS NIFTY 100 INDEX FUND (An Open Ended Index Fund tracking the NIFTY 100 Index) This product is suitable for investors who are seeking* l Long term wealth creation solutionl An index fund that seeks to track returns by investing in a basket of Nifty 100 Index stocks and aims to achieve returns of the stated index, subject to tracking error

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH

Moderate ModeratelyHighModerately

Low

HighLow

49

*Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhethertheproductissuitableforthem

PRODUCT LABELLING

AXIS HYBRID FUND – SERIES 31 (1381 days close ended debt scheme) This product is suitable for investors who are seeking* l Capital appreciation while generating income over medium to long term l Investment in debt and money market instruments as well as equity and equity related instruments



AXIS CAPITAL PROTECTION ORIENTED FUND - SERIES 5 (A Close Ended Capital Protection Oriented Fund scheme) This product is suitable for investors who are seeking* l Capital appreciation with low risk of capital loss over long term l Investment in debt and money market instruments as well as equity and equity related instrumentsAXIS GILT FUND (An open ended debt scheme investing in government securities across maturity) This product is suitable for investors who are seeking*l Credit risk free returns over medium to long terml Investment mainly in Government securities across maturities AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) This product is suitable for investors who are seeking*l Optimal returns over medium to long terml To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instrumentsAXIS CORPORATE DEBT FUND (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) This product is suitable for investors who are seeking* l Regular income over short to medium - terml Predominantly investing in corporate debtAXIS STRATEGIC BOND FUND (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years)This product is suitable for investors who are seeking* l Optimal returns over medium terml InvestmentindiversifiedportfolioofdebtandmoneymarketsecuritiestogenerateoptimalriskadjustedreturnswhilemaintainingliquidityAXIS ARBITRAGE FUND (An open ended scheme investing in arbitrage opportunities) This product is suitable for investors who are seeking* l Income over short to medium terml Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS CREDIT RISK FUND (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) This product is suitable for investors who are seeking* l Stable returns in the short to medium terml Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years)This product is suitable for investors who are seeking* l Regular income while maintaining liquidity over short term l Investment in debt and money market instrumentsAXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions)This product is suitable for investors who are seeking*l Regular income over short to medium terml Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 to 12 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in debt and money market instrumentsAXIS ULTRA SHORT TERM FUND(An open ended ultra-short term debt scheme investing in instruments such that the Macaulayduration of the portfolio is between 3 months and 6 months)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.AXIS MONEY MARKET FUND (An open ended debt scheme investing in money market instruments)This product is suitable for investors who are seeking* l Regular income over short terml Investment in Money Market instruments with maturity up to one yearAXIS LIQUID FUND (An open ended liquid scheme)This product is suitable for investors who are seeking*l Regular income over short terml Investment in debt and money market instruments

AXIS OVERNIGHT FUND (An open-ended debt scheme investing in overnight securities)This product is suitable for investors who are seeking*l Regular income with high levels of safety and liquidity over short term.l Investment in debt and money market instruments with overnight maturity

Riskometer

Investors understand that their principal will beat moderately low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat low risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderate risk

LOW HIGH


Low

HighLow

Riskometer

Investors understand that their principal will beat moderately high risk

LOW HIGH


Low

HighLow

the rate are applicable for the financial year 2019-20 as

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