Axis Xyz PDF

MONTHLY FACTSHEET - MAY, 2018
I N D E X
Tax Reckoner 2
How To Read A Factsheet 5
Equity Funds
Equity Outlook 6
Axis Bluechip Fund 7
Axis Focused 25 Fund 8
Axis Midcap Fund 9
Axis Long Term Equity Fund 10
Axis Multicap Fund 11
Debt Funds
Fixed Income Outlook 12
Axis Liquid Fund 13
Axis Treasury Advantage Fund 14
Axis Short Term Fund 15
Axis Dynamic Bond Fund 16
Axis Corporate Debt Fund 17
Axis Strategic Bond Fund 18
Axis Credit Risk Fund 19
Axis Gilt Fund 20
Axis Banking and PSU Debt Fund 21
Hybrid Funds
Hybrid Outlook 22
Axis Equity Saver Fund 23
Axis Dynamic Equity Fund 24
Axis Regular Saver Fund 25
Axis Children’s Gift Fund 26
Axis Triple Advantage Fund 27
Axis Arbitrage Fund 28
SIP Performance Of Selected Schemes 29
NAV’s 30
Load Structure And Minimum Investment Amount 31
Annexures 32
Expense Ratios 34
Product Labeling 35
5
EQUITY
J U N E 2 0 1 8
0.0 %
12.4 % 11.6 %
QUICK TAKE
Equity market valuations are broadly reasonable We remain bullish on equities from a Investors are suggested to have their
adjusted for the cyclical low in earnings and medium to long term perspective asset allocation plan based on one’s
potential for revival going forward. risk appetite and future goals in life.
KEY HIGHLIGHTS
Amid rising crude prices, weak 4Q corporate results and political uncertainty in Karnataka, the BSE-30 Index and Nifty Index
DOMESTIC
ended flat in May. Midcap and small cap indices underperformed large caps significantly falling 6.8% & 6.7% respectively. FPIs
continued to remain net sellers this month with sales of US$1.4 bn during the month while DIIs bought US$2.2 bn worth of
equities.
Crude prices continued their upward trajectory hitting a high of US$ 80/barrel before cooling off. USD-INR depreciated to Rs
67.5/US$ in May from Rs66.5/US$ in April. This coupled with a deteriorating rupee has seen domestic oil prices move to their all-
time highest levels. Rising oil prices have once again raised fears of inflation and fiscal slippage. If oil related excise duties are
reduced, the deficit might widen.
GLOBAL Company results for Q4 FY18 have seen improvement across sectors that we cover. The IT sector results point to selective
opportunities within the space on the back of an improved global outlook. Consumer focused companies within banking (Retail
Banks & NBFC`s), consumer staples and discretionary companies have continued to match investor expectations. Consensus
NIFTY earnings also did not see significant negative surprises unlike earlier years, highlighting that there is confidence in a likely
step-up in growth going forward.
CPI inflation inched up to 4.58% in April V/s 4.3% in March. Core inflation inched up marginally to 5.53% as well. The risks to the
inflation outlook would be a further sharp rise in oil prices and the impact of potential minimum support price hikes for the kharif
(summer) crop. However, these risks could be mitigated by still moderate rural and urban wage growth and the currently low
CORPORATE (though increasing) levels of capacity utilization.
The IMD maintained its forecast for the 2018 southwest monsoon at 97% of the LPA implying that it continues to expect a normal
monsoon. We remain positive on the rural consumption story given that a normal monsoon bodes well for the agrarian economy
and rural discretionary spending. Over the next few months we will also watch for the MSP announcement, kharif sowing pattern
and rainfall pattern in July and August.
We continue to expect elevated volatility levels in the equity markets and hence advise investors to look at equity allocations from a
medium to long term investment horizon. Systematic investments into equity products could also help investors ride out short term
volatility.
Source: Bloomberg, Axis MF Research.
6
AXIS BLUECHIP FUND£ (FORMERLY KNOWN AS AXIS EQUITY FUND)
FACTSHEET
MAY 2018
(An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks)
INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities
of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
PORTFOLIO
DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK
% OF ASSETS
5th 2,010.61Cr. Nifty 50
BANKS 23.73
January 2010 AS ON 31st MAY’18
HDFC Bank Limited 10.38
2,080.93 Cr.
Kotak Mahindra Bank Limited 8.66
IndusInd Bank Limited 2.73
Bandhan Bank Limited 1.97
FINANCE 13.08
HDFC Limited 5.99
FUND MANAGER Bajaj Finance Limited 5.78
STATISTICAL MEASURES PORTFOLIO
(3 YEARS) TURNOVER* (1 YEAR) Mr. Shreyash Bajaj Finserv Limited 1.31
Standard Deviation - 12.58% 1.72 times Devalkar AUTO 9.59
Beta - 0.87 Work experience: 15 years. He Maruti Suzuki India Limited 5.83
has been managing this fund since
Sharpe Ratio** - 0.44 23rd November 2016 Mahindra & Mahindra Limited 1.60
Eicher Motors Limited 1.12
Ashok Leyland Limited 1.05
CONSUMER NON DURABLES 9.38
Britannia Industries Limited 3.56
 Banks 23.73  Auto Ancillaries 5.05 Hindustan Unilever Limited 3.25
 Finance 13.08  Retailing 3.48 Asian Paints Limited 2.57
SECTOR  Auto 9.59  Construction SOFTWARE 7.17
ALLOCATION 3.00
Consumer Non Project
(%)  9.38  Textile Products Tata Consultancy Services Limited 5.69
Durables 2.91
 Software 7.67  Others Infosys Limited 1.48
8.29
AUTO ANCILLARIES 5.05
Motherson Sumi Systems Limited 1.95
Endurance Technologies Limited 1.79
MRF Limited 1.31
RETAILING 3.48
PERFORMANCE (as on 31st May 2018) Avenue Supermarts Limited 3.48
CONSTRUCTION PROJECT 3.00
Current Value of `10,000 invested Larsen & Toubro Limited 3.00
TEXTILE PRODUCTS 2.91
Date Period Scheme Returns NIFTY 50 S&P BSE SENSEX S&P BSE SENSEX
(Benchmark) NIFTY 50 Page Industries Limited 2.91
(%) (Additional Scheme (Additional
Returns (%) (Benchmark)
Benchmark) (`) Benchmark) OTHERS 8.29
(`)
Returns (%) Returns (`)
Chemicals 2.09
Axis Bluechip Fund £ - Growth
Pidilite Industries Limited 2.09
31-May-17 Last 1 Year 20.75% 13.30% 15.08% 12,075 11,330 11,508
Pharmaceuticals 1.89
29-May-15 Last 3 Years 11.56% 9.79% 9.81% 13,899 13,246 13,251
31-May-13 Last 5 Years 15.82% 13.78% 13.88% 20,853 19,072 19,163 Sun Pharmaceutical Industries Limited 0.98
Since Inception (5-Jan-10) 12.48% 10.13% 10.17% 26,880 22,511 22,577 Divi's Laboratories Limited 0.92
Axis Bluechip Fund £ - Direct Plan - Growth Consumer Durables 1.04
31-May-17 Last 1 Year 22.50% 13.30% 15.08% 12,250 11,330 11,508
Titan Company Limited 1.04
29-May-15 Last 3 Years 12.86% 9.79% 9.81% 14,391 13,246 13,251
31-May-13 Last 5 Years 17.18% 13.78% 13.88% 22,104 19,072 19,163 Non - Ferrous Metals 0.96
Since Inception (1-Jan-13) 17.06% 12.89% 13.11% 23,465 19,279 19,481 Hindalco Industries Limited 0.96
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please
Cement 0.89
refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Shree Cement Limited 0.89
Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.
Petroleum Products 0.89
Reliance Industries Limited 0.89
DIVIDENDS Telecom - Services 0.54
Bharti Airtel Limited 0.54
Regular Plan Direct Plan
Other Equity (less than 0.50% of
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV 0.50
the corpus)
per unit per unit per unit per unit Total Equity 86.18
Options Record Date Individuals/ Individuals/
Others (Cum (Ex Others (Cum (Ex
HUF Dividend) Dividend) HUF Dividend) Dividend) Debt, Cash & Other Receivables 13.82
Mar 15, 2018 2.00 2.00 16.36 14.36 2.00 2.00 17.41 15.41 Net Assets 100%
Dividend Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39
^
Certificate of Deposit/Corporate Bond
Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Data as on 31st MAY 2018.
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
**Risk-free rate assumed to be 6.00% (MIBOR as on 31-5-18) - Source: www.fimmda.org
Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st MAY 2018.
Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.
£
Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid
effective from May 18, 2018. Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.
7
AXIS FOCUSED 25 FUND FACTSHEET
MAY 2018
(An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies)
INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.
PORTFOLIO
% OF ASSETS
29th June 2012 3,887.95 Cr. Nifty 50
FINANCE 20.01
AS ON 31st MAY’18
4,216.99 Cr. Bajaj Finance Limited 6.13

Bajaj Finserv Limited 5.26
Gruh Finance Limited 4.03
HDFC Standard Life Insurance
2.43
Company Limited
HDFC Limited 1.31
STATISTICAL MEASURES FUND MANAGER
PORTFOLIO
(3 YEARS) Mr. Jinesh Gopani Mas Financial Services Limited 0.85
TURNOVER* (1 YEAR)
Standard Deviation - 14.79% Work experience:17 years. BANKS 17.77
1.13 times He has been managing this fund since
Beta - 1.00
07th June 2016 Kotak Mahindra Bank Limited 7.62
Sharpe Ratio** - 0.65
SOFTWARE 12.60
Tata Consultancy Services Limited 6.53
 Finance 20.01  Cement 4.90
MindTree Limited 3.38
 Banks 17.77  Pharmaceuticals 4.01
SECTOR  Software 12.60  Retailing
Info Edge (India) Limited 2.70
3.37
ALLOCATION AUTO ANCILLARIES 7.65
(%)  Auto Ancillaries 7.65  Others 7.47
 Auto 5.27 Motherson Sumi Systems Limited 3.34
 Industrial 5.08 Endurance Technologies Limited 2.21
Products
WABCO India Limited 2.10
AUTO 5.27
Maruti Suzuki India Limited 5.27
PERFORMANCE (as on 31st May 2018) INDUSTRIAL PRODUCTS 5.08

Supreme Industries Limited 5.08
Current Value of `10,000 invested
CEMENT 4.90
Date Period Scheme Returns S&P BSE 200 Scheme NIFTY 50 S&P BSE 200
NIFTY 50
(%) (Additional (`) (Benchmark) (Additional Shree Cement Limited 4.90
(Benchmark) (`)
Returns (%) Benchmark) Benchmark)
(`) PHARMACEUTICALS 4.01
Returns (%)
Axis Focused 25 Fund - Growth

Sun Pharmaceutical Industries Limited 1.73
31-May-17 Last 1 Year 23.04% 13.30% 13.28% 12,304 11,330 11,328 Cadila Healthcare Limited 1.41
29-May-15 Last 3 Years 15.67% 9.79% 11.13% 15,497 13,246 13,736 Sun Pharma Advanced Research
31-May-13 Last 5 Years 18.42% 13.78% 15.66% 23,297 19,072 20,703 0.86
Company Limited
Since Inception (29-June-12) 18.82% 14.10% 15.63% 27,770 21,843 23,639
Axis Focused 25 Fund - Direct Plan - Growth RETAILING 3.37
31-May-17 Last 1 Year 24.40% 13.30% 13.28% 12,440 11,330 11,328 Avenue Supermarts Limited 3.37
29-May-15 Last 3 Years 17.08% 9.79% 11.13% 16,072 13,246 13,736
31-May-13 Last 5 Years 19.81% 13.78% 15.66% 24,704 19,072 20,703 OTHERS 7.47
Since Inception (1-Jan-13) 18.79% 12.89% 14.19% 25,403 19,279 20,509
Chemicals 2.81
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated at `10 invested at inception. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure
on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return
variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.
Textile Products 2.40
Page Industries Limited 2.40
DIVIDENDS
Industrial Capital Goods 2.27
Dividend (` Per unit) NAV NAV V-Guard Industries Limited 2.27

per unit per unit
Options Record Date Individuals/ Total Equity 88.13
Others (Cum (Ex
HUF Dividend) Dividend) Debt, Cash & Other Receivables 11.87
Mar 08, 2018 2.00 2.00 19.47 17.47
Net Assets 100%
Feb 28, 2017 1.30 1.30 17.14 15.84
Dividend ^Certificate of Deposit
Mar 10, 2016 1.00 1.00 14.56 13.56
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st MAY 2018.
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
Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.Data as on 31st MAY 2018.
Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.
8
FACTSHEET
AXIS MIDCAP FUND£ MAY 2018
(An Open Ended Equity Scheme Predominantly Investing In Mid Cap Stocks£)
INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies£.
PORTFOLIO

18th February 1,396.87 Cr. S&P BSE Midcap % OF ASSETS
2011 AS ON 31st MAY’18 FINANCE 23.93
1,424.94 Cr. Gruh Finance Limited 7.85

Bajaj Finance Limited 5.33
Sundaram Finance Limited 4.39
Cholamandalam Investment and
2.40
Finance Company Limited
Mahindra & Mahindra Financial Services Limited 2.40
FUND MANAGER Mas Financial Services Limited 1.05
STATISTICAL MEASURES PORTFOLIO
(3 YEARS)
Mr. Shreyash Multi Commodity Exchange of India Limited 0.52
TURNOVER* (1 YEAR) Devalkar
Standard Deviation - 14.83%
0.98 times Work experience: More than 15 years.
Beta - 0.82 Endurance Technologies Limited 3.82
He has been managing this fund since
Sharpe Ratio** - 0.34 23rd November 2016 Balkrishna Industries Limited 2.39
MRF Limited 2.09
INDUSTRIAL PRODUCTS 9.37
 Finance 23.93  Textile Products 5.17 Supreme Industries Limited 4.07
 Auto Ancillaries 11.74  Retailing 4.38 Astral Poly Technik Limited 3.23
SECTOR  Industrial Industrial Capital 3.56
ALLOCATION 9.37  Schaeffler India Limited 2.08
Products Goods
(%)  Consumer Non CONSUMER NON DURABLES 7.56
7.56  Pharmaceuticals 3.49
Durables Procter & Gamble Hygiene and
 Banks 5.28  Others 12.24 2.61
Health Care Limited
Kansai Nerolac Paints Limited 1.39
Colgate Palmolive (India) Limited 1.24
BANKS 5.28
PERFORMANCE (as on 31st May 2018) City Union Bank Limited 5.28
Current Value of `10,000 invested Page Industries Limited 5.17
PERFORMANCE (as on 31st May 2018)
RETAILING 4.38
Date Period Scheme Returns S&P BSE NIFTY 50 Scheme S&P BSE NIFTY 50
(%) Midcap (Additional (`) Midcap (Additional
(Benchmark)
Avenue Supermarts Limited 3.05
(Benchmark) Benchmark) Benchmark)
Returns (%) (`) (`) Trent Limited 1.33
Returns (%)
Axis Midcap Fund - Growth INDUSTRIAL CAPITAL GOODS 3.56

31-May-17 Last 1 Year 24.42% 10.46% 13.30% 12,442 11,046 11,330 V-Guard Industries Limited 3.56
29-May-15 Last 3 Years 11.11% 15.65% 9.79% 13,729 15,485 13,246 PHARMACEUTICALS 3.49
31-May-13 Last 5 Years 22.68% 21.79% 13.78% 27,803 26,808 19,072
Divi's Laboratories Limited 1.95
Since Inception (18-Feb-11) 18.91% 14.33% 11.09% 35,310 26,535 21,521
Axis Midcap Fund - Direct Plan - Growth Sanofi India Limited 0.98
31-May-17 Last 1 Year 25.80% 10.46% 13.30% 12,580 11,046 11,330 Torrent Pharmaceuticals Limited 0.55
29-May-15 Last 3 Years 12.39% 15.65% 9.79% 14,209 15,485 13,246
OTHERS 12.24
31-May-13 Last 5 Years 24.18% 21.79% 13.78% 29,545 26,808 19,072
Since Inception (1-Jan-13) 20.54% 17.43% 12.89% 27,495 23,863 19,279 Software 3.29
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please Info Edge (India) Limited 2.10
refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the
Mphasis Limited 1.20
Consumer Durables 3.05
TTK Prestige Limited 1.87
DIVIDENDS
Symphony Limited 1.18
Regular Plan Direct Plan Gas 1.91
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV Indraprastha Gas Limited 1.91
per unit per unit per unit per unit
Options Record Date Individuals/ Individuals/ Construction Project 1.78
HUF Dividend) Dividend) HUF Dividend) Dividend) Voltas Limited 1.78
Oct 16, 2017 2.25 2.25 24.83 22.58 2.25 2.25 29.02 26.77 Auto 1.17
Dividend Sep 15, 2016 2.00 2.00 22.64 20.64 2.00 2.00 25.83 23.83 Ashok Leyland Limited 1.17
Sep 10, 2015 1.75 1.75 23.29 21.54 1.75 - 26.04 24.29
Chemicals 1.04
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st MAY 2018. Tata Chemicals Limited 1.04
Total Equity 86.73
Cash & Other Receivables 13.27
EXIT LOAD
Net Assets 100%
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
£
Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.
9
FACTSHEET
AXIS LONG TERM EQUITY FUND MAY 2018
(An Open-Ended Equity Linked Savings Scheme With A Statutory Lock In Of 3 Years And Tax Benefit)
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.
PORTFOLIO

29th December 17,139.21Cr. S&P BSE 200 % OF ASSETS
2009 AS ON 31st MAY’18 FINANCE 19.93
17,546.16 Cr. HDFC Limited 6.05
Multi Commodity Exchange of India Limited 0.81
STATISTICAL MEASURES BANKS 17.77

PORTFOLIO FUND MANAGER
(3 YEARS) HDFC Bank Limited 7.78
Standard - 12.28%
TURNOVER* (1 YEAR) Mr. Jinesh Gopani
Deviation 1.18 times Work experience: 17 years.
Beta - 0.84 He has been managing this fund since Bandhan Bank Limited 2.37
1st April 2011
Sharpe Ratio** - 0.52 SOFTWARE 9.86
AUTO 7.69
 Finance 20.94  Consumer 4.78 Maruti Suzuki India Limited 4.51
 Banks 17.77 Durables
 Software 9.86  Retailing 4.33 Eicher Motors Limited 3.18
SECTOR  Auto 7.69  Pharmaceuticals 4.28 AUTO ANCILLARIES 7.03
ALLOCATION  Auto Ancillaries 7.03  Others 12.11
 Chemicals 6.41 Motherson Sumi Systems Limited 3.34
(%)
CHEMICALS 6.41
CONSUMER DURABLES 4.78
TTK Prestige Limited 2.74
Symphony Limited 2.04
RETAILING 4.33
Date Period Scheme Returns S&P BSE 200 NIFTY 50 Scheme S&P BSE 200 NIFTY 50
(%) (Benchmark) (Additional (`) (Benchmark) (Additional PHARMACEUTICALS 3.90
Returns (%) Benchmark) (`) Benchmark) Sun Pharmaceutical Industries Limited 2.32
Returns (%) (`)
Cadila Healthcare Limited 0.92
Axis Long Term Equity Fund - Growth
31-May-17 Last 1 Year 21.56% 13.28% 13.30% 12,156 11,328 11,330
31-May-13 Last 5 Years 23.37% 15.66% 13.78% 28,590 20,703 19,072 Power 3.09
Since Inception (29-Dec-09) 19.20% 11.01% 10.34% 43,909 24,102 22,902
Axis Long Term Equity Fund - Direct Plan - Growth
Torrent Power Limited 3.09
31-May-17 Last 1 Year 22.86% 13.28% 13.30% 12,286 11,328 11,330 Construction Project 2.40
29-May-15 Last 3 Years 13.61% 11.13% 9.79% 14,681 13,736 13,246
Larsen & Toubro Limited 2.40
31-May-13 Last 5 Years 24.80% 15.66% 13.78% 30,288 20,703 19,072
Since Inception (1-Jan-13) 23.49% 14.19% 12.89% 31,341 20,509 19,279 Pesticides 1.51
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense
structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on PI Industries Limited 1.51
Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant
of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. Industrial Products 1.43
Astral Poly Technik Limited 1.43
DIVIDENDS Textile Products 1.07

Commercial Services 0.87
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV
per unit per unit per unit per unit Quess Corp Limited 0.87
Others (Cum (Ex Others (Cum (Ex Industrial Capital Goods 0.71
HUF Dividend) Dividend) HUF Dividend) Dividend)
V-Guard Industries Limited 0.71
Mar 22, 2018 2.50 2.50 23.0548 20.5548 1.50 1.50 35.6776 34.1776
Consumer Non Durables 0.68
Jan 31, 2017 2.23 2.23 21.1726 18.9426 - - - -
Regular Nestle India Limited 0.68
Jan 25, 2016 2.25 2.25 21.2217 18.9717 - - - -
Dividend
Jan 22, 2015 2.00 2.00 24.2942 22.2942 - - - - Other Equity (less than 0.50% of the corpus) 1.74
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st MAY 2018. Total Equity 95.20
Debt, Cash & Other Receivables 4.80
EXIT LOAD Net Assets 100%
^Commercial Paper
NIL
10
FACTSHEET
AXIS MULTICAP FUND MAY 2018
(An Open-Ended Equity Scheme Investing Across Large Cap , Mid Cap, Small Cap Stocks.)
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.
PORTFOLIO
20th November 2,448.97 Cr. Nifty 500 Index£ Rating % OF ASSETS
2017 AS ON 31st MAY’18
CORPORATE BOND 13.23
HDFC Limited CRISIL AAA 1.58
2,516.08 Cr. Edelweiss Commodities Services Limited CRISIL AA 1.46
Rural Electrification Corporation Limited CRISIL AAA 1.36
India Infoline Finance Limited ICRA AA 1.23
Piramal Finance Limited ICRA AA 1.19
Nuvoco Vistas Corporation Limited CRISIL AA 0.99
ICICI Home Finance Company Limited ICRA AAA 0.96
Reliance Jio Infocomm Limited CRISIL AAA 0.85
FUND MANAGER Dewan Housing Finance Corporation BWR AAA 0.84
Limited
Mr. Shreyash Devalkar Tata Sons Ltd CRISIL AAA 0.60
Work experience: 15 years. Edelweiss Commodities Services Limited ICRA AA 0.59
Cholamandalam Investment and IND AA+ 0.20
He has been managing this fund since inception. Finance Company Limited
LIC Housing Finance Limited CRISIL AAA 0.19
National Highways Auth Of Ind CRISIL AAA 0.19
Power Finance Corporation Limited CRISIL AAA 0.39
Renew Power Venture Pvt Limited CARE A+ 0.20
Tata Motors Limited CARE AA+ 0.41
ZERO COUPON BOND 2.06
Tata Motors Finance Limited CARE AA+ 1.69
IDFC Bank Limited ICRA AAA 0.37
GOVERNMENT BOND SOVEREIGN 0.02
TOTAL EQUITY 80.70
 Banks 20.60  Auto Ancillaries 5.00 BANKS 20.60
 Consumer Non 10.31  Retailing 3.90 HDFC Bank Limited 10.45
SECTOR Durables
 Chemicals 2.89 Kotak Mahindra Bank Limited 7.95
ALLOCATION  Auto 9.11 Bandhan Bank Limited 2.20
(%)  Finance 8.61  Pharmaceuticals 2.41 CONSUMER NON DURABLES 10.31
 Others 10.88 Hindustan Unilever Limited 3.27
 Software 6.99
Asian Paints Limited 3.19
Kansai Nerolac Paints Limited 1.82
AUTO 9.11
Mahindra & Mahindra Limited 0.99
FINANCE 8.61
Multi Commodity Exchange of India
EXIT LOAD Limited 0.99
Mas Financial Services Limited 0.71
SOFTWARE 6.49
If redeemed / switched-out within 12 months from the date of allotment: Tata Consultancy Services Limited 4.01
• For 10% of investment: NIL Infosys Limited 1.32
• For remaining investment: 1% Mphasis Limited 1.16
If redeemed / switched - out after 12 months from the date of allotment: AUTO ANCILLARIES 4.87
Nil (w.e.f. May 18, 2018) Motherson Sumi Systems Limited 2.92
MRF Limited 1.96
RETAILING 3.90
Since scheme has not completed one year, performance details for the same are not provided.
CHEMICALS 2.89
PHARMACEUTICALS 2.41
OTHERS 9.91
Textile Products 2.26
Construction Project 2.25
Voltas Limited 0.78
Industrial Capital Goods 1.97
Non - Ferrous Metals 0.95
Hindalco Industries Limited 0.95
Consumer Durables 0.88
Titan Company Limited 0.88
Cement 0.87
Shree Cement Limited 0.87
Transportation 0.73
Inter Globe Aviation Limited 0.73
Other Equity (less than 0.50% of the 1.59
corpus)
Debt, Cash & Other Receivables 3.99
Net Assets 100%
^Certificate of Deposit
11
FIXED
INCOME
J U N E 2 0 1 8
7.83% 2.18% 6.25%
6.00%
6.99% 4.58%
10 yr G-Sec : Last 1 year CPI Inflation : Last 1 year Repo : Last 1 year
QUICK TAKE
• The economy continues to stand on • Commentary of the RBI in the • Long bonds are likely to trade • We continue to advise investors to
a solid macro foundation and upcoming monetary policy will be range bound. Short tenor bonds stay invested in short to medium
political stability. Oil could play key for rates in the month ahead look attractive from a risk reward term strategies and actively look at
spoil sport. Global factors currently perspective. credit funds
playing a larger role in market
sentiment.
Key Events During the Month

• India – The Fastest Growing Economy: Q4FY18 GDP growth improved significantly at 7.7% as against 7.0% in Q3FY18. There was a significant base
effect, especially in manufacturing and construction sectors in Q4FY17, which was impacted by demonetization. The improvement was led by pickup in
manufacturing and agriculture. The revisions in the industrial sector were in line with improvement in high frequency data and healthy corporate earnings
in Q4FY18.
• Rising Crude – A Cause for Worry: Crude prices continued their upward trajectory hitting a high of US$ 80/barrel before cooling off. Rising oil prices have
once again raised fears of inflation and fiscal slippage. If oil related excise duties are reduced, the deficit might widen.
• Depreciating Currency: The USD-INR depreciated to Rs67.5/US$ in May from Rs66.5/US$ in April in
line with other EM currencies. While the recent fall has been sharp, other EM currencies have seen a
sharper deterioration over the last 5 years as compared to the INR which has remained largely stable.
The recent fall has been consistent with the flight to safety seen around the world. 10 YEAR G-SEC YIELD
7.83%
• Inflation – A Nudge Upwards: CPI inflation inched up to 4.58% in April V/s 4.3% in March. Core
inflation inched up marginally to 5.53% as well.
• The Global Saga – Tariff Wars, the Iran Deal & Another EU-Exit?: In global events, the US imposed
import tariffs on NAFTA countries and the EU in a sign of rising tensions between the US and its allies.
The US also re-escalated trade tensions with China and cancelled the Iran deal creating further uncertainty in global markets. In Italy, Europe`s fourth
largest economy, left wing socialists with an agenda to get Italy out of the EU have claimed majority in local elections roiling markets across Europe.
Market View
The market has seen a lack of liquidity due to lack of market participation. This at a time when the RBI is actively mopping up excess liquidity through reverse
repo operations. FII`s have been consistent sellers in bond markets for the last few months further aggravating the situation. Concerns over rising oil prices is
likely to have a bearing on interest rates. Given the difficulty in judging the RBI’s stance on monetary policy, the global rate outlook and the state of the fiscal, we
prefer to stay out of the long end of the curve.
Structural liquidity (Government Cash Balances + LAF Balances) has moved towards neutrality faster than our expectations on account of FX intervention (USD
5-6 Billon in last 2 months) and increased Currency in circulation. We expect structural liquidity to remain in surplus to neutral zone for next 6 months.
Improving growth prospects has had a positive impact on corporate performance. This has led to improvement in corporate balance sheets. The current
corporate bond spreads remain conducive for investors on a risk reward basis.
Markets over the month have seen significant rise in yields in short segment despite positive banking liquidity (3 months - 3 years). Reasons for this squeeze in
short term rates are:
1. Most of positive liquidity is with PSU banks, and more than 50% of them are under PCA guidelines where there are significant restrictions on fresh lending
2. Y-o-Y incremental bank credit to deposit ratio has been more than 100% (Strong credit growth) which has been met by a few private and PSU banks
creating pressure on them to raise deposits
3. Banks have to adhere to single borrower limits from April 2019 which restricts incremental lending to large corporates as they need to provide additional
capital charge.
4. Remonetization/increased currency in circulation of economy has led to reduction in deposit base of banks.
The above factors have led to significant increase in issuance of Certificate of deposit, bonds and commercial papers by banks. This higher than expected
supply has put upward pressure on yields. Source: Bloomberg, Axis MF Research.
12
FACTSHEET
AXIS LIQUID FUND MAY 2018
(An Open-Ended Liquid Scheme)
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.
^^
PORTFOLIO
9th October 2009 24,503.30 Cr. CRISIL Liquid TOTAL MONEY MARKET INSTRUMENTS^
RATING % OF ASSETS
107.03
AS ON 31st MAY’18 Fund Index BANKS 17.27

IDFC Bank Limited ICRA A1+ 5.59
23,435.25 Cr. Vijaya Bank
The South Indian Bank Limited
CARE A1+
CARE A1+
3.60
2.01
ICICI Bank Limited ICRA A1+ 1.81
Yes Bank Limited ICRA A1+ 1.64
RBL Bank Limited ICRA A1+ 1.05
IndusInd Bank Limited CRISIL A1+ 0.64
Abu Dhabi Commercial Bank PJSC CRISIL A1+ 0.43
Bandhan Bank Limited ICRA AA 0.21
AVERAGE MATURITY* FUND MANAGER IDFC Bank Limited CRISIL A1+ 0.19
Kotak Mahindra Bank Limited CRISIL A1+ 0.11
36 days OTHERS 82.08
MODIFIED DURATION*
Mr. Devang Shah Mr. Aditya Pagaria Dewan Housing Finance Corporation Limited CRISIL A1+ 5.69
NABARD ICRA A1+ 4.14
33 days Work experience: 13 years. Work experience: 11 years. L&T Infrastructure Finance Company Limited ICRA A1+ 3.31
PORTFOLIO YIELD (YIELD TO MATURITY&)
He has been managing this fund since He has been managing this fund since Edelweiss Commodities Services Limited CRISIL A1+ 3.21
HDFC Limited CRISIL A1+ 3.03
7.07% 5th November 2012. 13th August 2016. Reliance Industries Limited CRISIL A1+ 2.93
Small Industries Dev Bank of India CARE A1+ 2.77
Gruh Finance Limited CRISIL A1+ 2.68
Vedanta Limited CRISIL A1+ 2.53
Indiabulls Housing Finance Limited CRISIL A1+ 2.43
Magma Fincorp Limited CRISIL A1+ 2.25
Tata Steel Limited ICRA A1+ 2.15
Reliance Jio Infocomm Limited CRISIL A1+ 2.11
Piramal Finance Limited ICRA A1+ 1.99
Indus Towers Limited CRISIL A1+ 1.92
LIC Housing Finance Limited CRISIL A1+ 1.71
CESC Limited CARE A1+ 1.69
Piramal Enterprises Limited ICRA A1+ 1.69
IIFL Securities Limited CRISIL A1+ 1.57
India Infoline Finance Limited CRISIL A1+ 1.49
NABARD CRISIL A1+ 1.47
Export Import Bank of India CRISIL A1+ 1.44
Tata Motors Finance Limited ICRA A1+ 1.28
Aditya Birla Finance Limited ICRA A1+ 1.28
Tata Capital Financial Services Limited CRISIL A1+ 1.28
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) TVS Credit Services Limited CRISIL A1+ 1.28
Indus Towers Limited ICRA A1+ 1.26
 Total Money Market Instruments* - 98.76%  CARE A1+/ CRISIL A1+/ CRISIL A1+(SO)/ ICRA A1+/ IND Indiabulls Commercial Credit Limited CRISIL A1+ 1.24
 Corporate Bond - 1.24% A1+/ CRISIL AAA/ IND A1+(SO) & Equivalent - 91.32% JM Financial Products Limited ICRA A1+ 1.19
Tata Motors Limited ICRA A1+ 1.06
 SOV - 7.68%  CRISIL AA+/ ICRA AA+/ IND AA+ - 0.79% Redington (India) Limited CRISIL A1+ 1.06
* Includes Net Current Assets  ICRA AA - 0.21% Tata Capital Financial Services Limited ICRA A1+ 1.06
HDB Financial Services Limited CRISIL A1+ 1.00
Emami Limited CRISIL A1+ 0.94
Hinduja Leyland Finance Limited CRISIL A1+ 0.85
Piramal Housing Finance Limited ICRA A1+ 0.85
PERFORMANCE (as on 31st May 2018) National Housing Bank CRISIL A1+ 0.85
IIFL Home Finance Limited CRISIL A1+ 0.84
ECL Finance Limited CRISIL A1+ 0.84
Current Value of `10,000 invested Infina Finance Private Limited CRISIL A1+ 0.83
Mahindra Rural Housing Finance IND A1+ 0.75
Date Period Scheme Returns CRISIL Liquid CRISIL 1 Year Scheme CRISIL Liquid CRISIL 1 Year JSW Steel Limited CARE A1+ 0.64
(%) Fund Index (`) Fund Index T-Bill Index Sundaram BNP Paribas Home Finance Limited ICRA A1+ 0.64
T-Bill Index
(Benchmark) Talwandi Sabo Power Limited CRISIL A1+(SO) 0.57
(Benchmark) (Additional (Additional
(`) JSW Steel Limited ICRA A1+ 0.51
Returns (%) Benchmark) Benchmark) Hinduja Leyland Finance Limited ICRA A1+ 0.43
Returns (%) (`) CESC Limited ICRA A1+ 0.43
Trapti Trading & Invest Pvt Limited ICRA A1+ 0.43
Axis Liquid Fund - Growth Chennai Petroleum Corporation Limited CRISIL A1+ 0.43
31-May-17 Last 1 Year 6.88% 6.88% 5.85% 10,688 10,688 10,585 SRF Limited CRISIL A1+ 0.42
31-May-15 Last 3 Years 7.33% 7.25% 6.73% 12,368 12,337 12,160 NABARD CARE A1+ 0.42
31-May-13 Last 5 Years 8.05% 8.03% 6.87% 14,734 14,714 13,945 IIFL Wealth Finance Limited CRISIL A1+ 0.42
Since Inception (9-Oct-09) 7.98% 7.63% 6.48% 19,427 18,884 17,204 Mahindra & Mahindra Financial Services Limited CRISIL A1+ 0.40
Axis Liquid Fund - Direct Plan - Growth Aditya Birla Fashion and Retail Limited ICRA A1+ 0.32
31-May-17 Last 1 Year 6.95% 6.88% 5.85% 10,695 10,688 10,585 HDFC Limited ICRA A1+ 0.32
31-May-15 Last 3 Years 7.41% 7.25% 6.73% 12,394 12,337 12,160 Varroc Engineering Pvt Limited ICRA A1+ 0.25
31-May-13 Last 5 Years 8.13% 8.03% 6.87% 14,783 14,714 13,945 Grasim Industries Limited CRISIL A1+ 0.21
Since Inception (31-Dec-12) 8.19% 8.05% 7.04% 15,317 15,210 14,458 Shapoorji Pallonji and Company Pvt Limited ICRA A1+ 0.21
Axis Liquid Fund - Retail Plan - Growth IDFC Infrastructure Finance Limited ICRA A1+ 0.21
31-May-17 Last 1 Year 6.27% 6.88% 5.85% 10,627 10,688 10,585 IndoStar Capital Finance Limited CRISIL A1+ 0.21
31-May-15 Last 3 Years 6.75% 7.25% 6.73% 12,169 12,337 12,160 JM Financial Services Limited CRISIL A1+ 0.21
31-May-13 Last 5 Years 7.49% 8.03% 6.87% 14,352 14,714 13,945 Turquoise Invest & Finance Pvt Limited CRISIL A1+ 0.11
Since Inception (1-Mar-10) 7.69% 7.86% 6.66% 18,427 18,672 17,033 Tube Investments of India Limited ICRA A1+ 0.11
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different JM Financial Services Limited ICRA A1+ 0.08
expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 43 schemes & Aditya Pagaria is managing the Vedanta Limited IND A1+ 0.04
scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on Page 32-33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded Tata Power Company Limited CRISIL A1+ 0.04
annualised (CAGR). Walwhan Renewable Energy Limited IND A1+(SO) 0.02
India Infoline Finance Limited ICRA A1+ 0.02
Tata Power Company Limited ICRA A1+ 0.02
DIVIDENDS UltraTech Cement Limited
Edelweiss Commodities Services Limited
IND A1+
ICRA A1+
0.02
0.02
NTPC Limited CARE A1+ 0.02
Regular Plan Retail Plan Direct Plan TGS Investment & Trade Pvt Limited ICRA A1+ 0.01
Dividend (` Per Dividend (` Per Dividend (` Per TREASURY BILL 7.68
NAV NAV NAV NAV NAV NAV 91 Days Tbill Sovereign 5.97
unit) unit) unit)
per unit per unit per unit per unit per unit per unit 364 Days Tbill Sovereign 0.86
Options Record Date Individu- 182 Days Tbill Sovereign 0.85
(Cum (Ex Individuals/ Oth- (Cum (Ex Individuals/ (Cum (Ex
als/ Others Others TOTAL DEBT 1.24
Dividend) Dividend) HUF ers Dividend) Dividend) HUF Dividend) Dividend)
HUF CORPORATE BOND 1.24
Adani Transmission Limited IND AA+ 0.43
May 25, 2018 3.9472 3.6551 1,006.3540 1,000.8742 3.5870 3.3381 1,005.2856 1,000.2810 3.9787 3.6843 1,005.8043 1,000.2808 Power Finance Corporation Limited CRISIL AAA 0.43
Monthly
Apr 25, 2018 4.4821 4.1504 1,007.0966 1,000.8742 4.2408 3.9412 1,006.1894 1,000.2810 4.6287 4.2862 1,006.7067 1,000.2808 Tata Capital Financial Services Limited CRISIL AA+ 0.21
Dividend Cholamandalam Investment and
Mar 26, 2018 3.9575 3.6666 1,006.1357 1,000.6563 3.6779 3.4099 1,005.3184 1,000.2226 4.0341 3.7375 1,005.8077 1,000.2224 Finance Company Limited
ICRA AA+ 0.15
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable. HDFC Limited CRISIL AAA 0.02
Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. NET CURRENT ASSETS -8.27
NET ASSETS 100%
^Certificate of Deposit/Commercial Paper/Treasury Bill
EXIT LOAD Aggregate Investments by other schemes as on May 31st, 2018 Rs. NIL
NIL
* 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
13
till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
FACTSHEET
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)
MAY 2018
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.
PORTFOLIO
9th October 2009 2,621.80 Cr. CRISIL Liquid RATING % OF ASSETS
AS ON 31st MAY’18 Fund Index TOTAL MONEY MARKET INSTRUENTS^ 35.93

BANKS 20.18
2,486.63 Cr.
HDFC Bank Limited CARE A1+ 6.69
OTHERS 15.76
*
AVERAGE MATURITY FUND MANAGER Indiabulls Housing Finance Limited CRISIL A1+ 3.61
293 days HDFC Limited ICRA A1+ 2.59
MODIFIED DURATION
* Mr. Devang Shah Mr. Aditya Pagaria
257 days Work experience: 13 years. Work experience: 11 years.
IndoStar Capital Finance Limited CRISIL A1+ 1.98
He has been managing this fund since He has been managing this fund since
8.28% 07th June 2016. 13th August 2016.
L&T Infrastructure Finance Company
ICRA A1+ 0.99
Limited
Reliance Industries Limited CRISIL A1+ 0.99
Rural Electrification Corporation Limited CRISIL A1+ 0.99
NTPC Limited CRISIL A1+ 0.20
Adani Ports and Special Economic
ICRA A1+ 0.20
Zone Limited
NTPC Limited CARE A1+ 0.20
PASS THROUGH CERTIFICATE 1.50
Rainbow Devices Trust ICRA AAA(SO) 1.09
Sansar Trust ICRA AAA(SO) 0.41
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) TOTAL DEBT 57.88
 Corporate Bond - 48.84%  CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CORPORATE BOND 48.84
 Total Money Market Instruments* - 40.62% ICRA AAA/ ICRA AAA(SO)/ IND AAA & Equivalent 79.956%  CCRISIL AA/ ICRA NABARD CRISIL AAA 7.43
 Zero Coupon Bond - 9.04% AA - 13.76%  CARE AA-/ ICRA AA-/ IND AA- - 4.62%  ICRA AA+/ IND Power Finance Corporation Limited CRISIL AAA 7.35
 Pass Through Certificate - 1.50%
AA+ - 1.66% Reliance Jio Infocomm Limited CRISIL AAA 6.14
* Includes Net Current Assets
Piramal Finance Limited ICRA AA 4.02
Edelweiss Commodities Services Limited CRISIL AA 3.01
Hinduja Leyland Finance Limited CARE AA- 2.02
Indian Railway Finance Corporation Limited CRISIL AAA 2.00
Current Value of `10,000 invested Rural Electrification Corporation Limited CRISIL AAA 1.63
Date Period Scheme Returns CRISIL Liquid CRISIL 1 Year Scheme CRISIL Liquid CRISIL 1 Year JM Financial Products Limited CRISIL AA 1.61
(%) Fund Index T-Bill Index (`) Fund Index T-Bill Index
Daimler Financial Services India Pvt Limited IND AAA 1.61
(Benchmark) (Additional (Benchmark) (Additional
Returns (%) Benchmark) (`) Benchmark) IndoStar Capital Finance Limited CARE AA- 1.40
Returns (%) (`) Indiabulls Housing Finance Limited BWR AAA 1.29
Axis Treasury Advantage Fund - Growth Muthoot Finance Limited CRISIL AA 1.28
31-May-17 Last 1 Year 6.27% 6.88% 5.85% 10,627 10,688 10,585
29-May-15 Last 3 Years 7.41% 7.25% 6.73% 12,400 12,343 12,165 India Infoline Finance Limited ICRA AA 1.21
31-May-13 Last 5 Years 8.04% 8.03% 6.87% 14,723 14,714 13,945
Since Inception (9-Oct-09) 8.03% 7.63% 6.48% 19,498 18,884 17,204 NHPC Limited ICRA AAA 1.15
Axis Treasury Advantage Fund - Direct Plan - Growth
31-May-17 Last 1 Year 6.90% 6.88% 5.85% 10,690 10,688 10,585 HDFC Limited CRISIL AAA 1.04
29-May-15 Last 3 Years 7.90% 7.25% 6.73% 12,571 12,343 12,165 LIC Housing Finance Limited CRISIL AAA 1.00
31-May-13 Last 5 Years 8.53% 8.03% 6.87% 15,062 14,714 13,945
Since Inception (1-Jan-13) 8.59% 8.05% 7.04% 15,624 15,208 14,451 Mahindra Rural Housing Finance IND AA+ 1.00
Axis Treasury Advantage Fund - Retail Plan - Growth
31-May-17 Last 1 Year 5.83% 6.88% 5.85% 10,583 10,688 10,585 Tata Motors Finance Limited CRISIL AA 1.00
29-May-15 Last 3 Years 6.83% 7.25% 6.73% 12,197 12,343 12,165
31-May-13 Last 5 Years 7.38% 8.03% 6.87% 14,277 14,714 13,945 Magma Fincorp Limited ICRA AA- 0.99
Since Inception (3-Mar-10) 7.56% 7.86% 6.67% 18,247 18,661 17,030 Power Grid Corporation of India Limited CRISIL AAA 0.40
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense
structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 43 schemes & Aditya Pagaria is managing the scheme since IndoStar Capital Finance Limited IND AA- 0.20
13th August 2016 and he manages 4 schemes. Please refer to annexure on 32-33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).
Small Industries Dev Bank of India CARE AAA 0.08
DIVIDENDS Dewan Housing Finance
CARE AAA 6.24
Corporation Limited
Regular Plan Retail Plan Direct Plan
TMF Holdings Limited CRISIL AA 1.11
Dividend (` Per Dividend (` Per Dividend (` Per
NAV NAV NAV NAV NAV NAV Sundaram BNP Paribas Home Finance
unit) unit) unit) Limited ICRA AA+ 0.66
per unit per unit per unit per unit per unit per unit
Options Record Date Indi- Individu- Indi- JM Financial Products Limited CRISIL AA 0.54
(Cum (Ex (Cum (Ex (Cum (Ex
viduals/ Others Dividend) Dividend) als/ Others Dividend) Dividend) viduals/ Others Dividend) Dividend) IDFC Bank Limited ICRA AAA 0.49
HUF HUF HUF
May 25, 2018 1.4929 1.3825 1,007.5240 1,005.4514 1.4906 1.3820 1,007.5202 1,005.4482 1.8092 1.6755 1,007.9650 1,005.4530 NET CURRENT ASSETS 4.69
Monthly
Apr 25, 2018 3.9278 3.6371 1,010.9042 1,005.4514 3.9285 3.6365 1,010.9001 1,005.4482 4.2418 3.9278 1,011.3416 1,005.4530 NET ASSETS 100%
Dividend
Mar 26, 2018 4.9392 4.5760 1,012.2899 1,005.4514 4.9267 4.5631 1,012.2673 1,005.4482 5.2373 4.8523 1,012.7043 1,005.4530 ^Certificate of Deposit/Commercial Paper
Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund.
EXIT LOAD
NIL
* 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 Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.
till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. £ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization 14
of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.
FACTSHEET
AXIS SHORT TERM FUND MAY 2018
(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)
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.
PORTFOLIO

RATING % OF ASSETS
22nd January 5,747.51Cr. CRISIL Short TOTAL DEBT 87.56
2010 AS ON 31st MAY’18 Term Bond Fund CORPORATE BOND 71.32
5,735.37Cr. Index Power Finance Corporation Limited CRISIL AAA 11.48

NABARD CRISIL AAA 4.25
* LIC Housing Finance Limited CRISIL AAA 3.74

AVERAGE MATURITY FUND MANAGER
Power Grid Corporation of India Limited CRISIL AAA 2.97
2.1 years Tata Sons Ltd CRISIL AAA 2.93
MODIFIED DURATION
* Mr. Devang Shah Indian Railway Finance Corporation Limited CRISIL AAA 2.60
1.7 years Work experience: 13 years. Muthoot Finance Limited CRISIL AA 1.41
He has been managing this fund since NABARD IND AAA 1.38
8.45% 5th November 2012. Mahindra & Mahindra Financial Services Limited IND AAA 1.38
ICRA AA+ 1.30
HDB Financial Services Limited CRISIL AAA 1.30
Tata Capital Financial Services Limited CRISIL AA+ 1.30
Vodafone Mobile Services Limited CRISIL AA- 1.21
Indiabulls Housing Finance Limited BWR AAA 1.06
Reliance Utilities & Power Pvt Limited CRISIL AAA 0.89
Tata Motors Limited CARE AA+ 0.88
Nirma Limited CRISIL AA 0.86
L&T Housing Finance CARE AAA 0.86
Dewan Housing Finance Corporation Limited CARE AAA 0.81
NHPC Limited ICRA AAA 0.73
Gruh Finance Limited CRISIL AAA 0.68
Dewan Housing Finance Corporation Limited BWR AAA 0.61
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) IDFC Bank Limited ICRA AAA 0.61
 Corporate Bond - 71.32% Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.60
 Total Money Market Instruments* - 11.19%  CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL Tata Capital Financial Services Limited ICRA AA+ 0.55
 Government Bond - 9.88% AAA(SO)/ ICRA AAA/ ICRA AAA(SO)/ IND AAA & Equivalent - 78.02% Daimler Financial Services India Pvt Limited IND AAA 0.43
 Zero Coupon Bond - 3.29% LIC Housing Finance Limited CARE AAA 0.43
 SOV - 12.95%  BWR AA+/ CARE AA+/ CRISIL AA+/ ICRA AA+/ IND AA+
 State Government Bond - 3.07% Mahindra Rural Housing Finance CRISIL AA+ 0.43
 Pass Through Certificate - 1.26% - 5.07%  CRISIL AA - 2.76%  CRISIL AA - 1.21% UPL Limited BWR AA+ 0.35
* Includes Net Current Assets Indiabulls Housing Finance Limited ICRA AAA 0.35
Reliance Industries Limited CRISIL AAA 0.33
East West Pipeline Limited CRISIL AAA 0.27
PERFORMANCE (as on 31st May 2018) L&T Infrastructure Finance Company Limited CARE AAA 0.26
Bajaj Finance Limited CARE AAA 0.19
Current Value of `10,000 invested Food Corporation Of India CRISIL AAA(SO) 0.18
Mahindra Rural Housing Finance IND AA+ 0.17
Date Period Scheme Returns CRISIL Short CRISIL 1 Year Scheme CRISIL Short CRISIL 1 Year
Tube Investments of India Limited CRISIL AA 0.17
(%) Term Bond T-Bill Index (`) Term Bond T-Bill Index
Fund Index Fund Index (Additional Bhopal Dhule Transmission Company Limited CRISIL AAA 0.17
(Additional
(Benchmark) Benchmark) (Benchmark) Benchmark Indiabulls Housing Finance Limited CARE AAA 0.09
Returns (%) (`) Returns) Bharti Airtel Limited CRISIL AA+ 0.09
Returns (%)
(`)
Axis Short Term Fund - Growth ZERO COUPON BOND 3.29
31-May-17 Last 1 Year 4.95% 4.90% 5.85% 10,495 10,490 10,585
29-May-15 Last 3 Years 7.26% 7.41% 6.73% 12,347 12,400 12,165 Dewan Housing Finance Corporation Limited CARE AAA 1.92
31-May-13 Last 5 Years 7.66% 8.12% 6.87% 14,466 14,777 13,945 IDFC Bank Limited ICRA AAA 0.82
Axis Short Term Fund - Direct Plan - Growth Aditya Birla Fashion and Retail Limited CRISIL AA 0.31
31-May-17 Last 1 Year 5.69% 4.90% 5.85% 10,569 10,490 10,585 Mahindra & Mahindra Financial Services Limited IND AAA 0.21
29-May-15 Last 3 Years 8.06% 7.41% 6.73% 12,627 12,400 12,165
Axis Finance Limited IND AAA 0.02
31-May-13 Last 5 Years 8.50% 8.12% 6.87% 15,042 14,777 13,945
Since Inception (1-Jan-13) 8.70% 8.26% 7.04% 15,710 15,371 14,451 HDB Financial Services Limited CRISIL AAA 0.004
Axis Short Term Fund - Retail Plan - Growth STATE GOVERNMENT BOND SOVEREIGN 3.07
31-May-17 Last 1 Year 4.95% 4.90% 5.85% 10,495 10,490 10,585
29-May-15 Last 3 Years 7.26% 7.41% 6.73% 12,347 12,400 12,165 TOTAL MONEY MARKET INSTRUMENTS^ 7.82
Since Inception (2-Mar-10) 7.84% 7.97% 6.66% 18,644 18,834 17,030
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Different plans have different Adani Ports and Special Economic Zone Limited ICRA A1+ 2.04
expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to IDFC Infrastructure Finance Limited ICRA A1+ 0.86
annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).
Indiabulls Housing Finance Limited ICRA A1+ 0.83
DIVIDENDS HDFC Limited ICRA A1+ 0.60
Regular Plan Retail Plan Direct Plan BANKS 2.40
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV IndusInd Bank Limited CRISIL A1+ 1.66
per unit per unit per unit per unit per unit per unit Yes Bank Limited ICRA A1+ 0.41
Options Record Date Individuals/
Others (Cum (Ex Individuals/ Others (Cum (Ex Individuals/ Others (Cum (Ex HDFC Bank Limited CARE A1+ 0.25
HUF Dividend) Dividend) HUF Dividend) Dividend) HUF Dividend) Dividend) Small Industries Dev Bank of India CARE A1+ 0.08
May 25, 2018 0.0036 0.0034 10.1409 10.1358 0.0011 0.0010 10.0020 10.0004 0.0078 0.0072 10.0136 10.0027 PASS THROUGH CERTIFICATE 1.26
Monthly
Apr 25, 2018 0.0243 0.0225 10.1767 10.1429 0.0239 0.0221 10.0416 10.0083 0.0281 0.0260 10.0488 10.0098 Rainbow Devices Trust ICRA AAA(SO) 1.26
Dividend
Mar 26, 2018 0.0474 0.0439 10.2165 10.1509 0.0467 0.0433 10.0810 10.0162 0.0508 0.0471 10.0881 10.0176 NET CURRENT ASSETS 3.36
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable. NET ASSETS 100%
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.
^Certificate of Deposit/Commercial Paper
EXIT LOAD
NIL
* 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. Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.
15
FACTSHEET
AXIS DYNAMIC BOND FUND£ MAY 2018
(An Open-Ended Dynamic Debt Scheme Investing Across Duration)
INVESTMENT OBJECTIVE: To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
PORTFOLIO

RATING % OF ASSETS
27th April 2011 219.26 Cr. CRISIL Composite
Bond Fund Index TOTAL DEBT 73.46
AS ON 31st MAY’18
217.26 Cr. GOVERNMENT BOND SOVEREIGN 39.30
CORPORATE BOND 28.26
Punjab National Bank IND A+ 4.91

AVERAGE MATURITY* FUND MANAGER
4.7 years Union Bank of India BWR AA 4.91
MODIFIED DURATION*
Mr. R. Sivakumar Mr. Devang Shah
Syndicate Bank IND AA- 3.64
3.4 years Work experience: 19 years. Work experience: 13 years.
inception Renew Power Venture Pvt Limited CARE A+ 2.29
8.73% 5th November 2012.
Tata Power Company Limited CRISIL AA- 1.91
India Infrastructure Fin Co Ltd CRISIL AAA 1.24

Suhani Trading And Investment
BWR A+(SO) 0.46
Consultants Private Limited
STATE GOVERNMENT BOND Sovereign 4.76
REDUCED FACE VALUE
1.15
BONDS - NON AMORTISATION
Ess Kay Fincorp Limited IND A(SO) 1.15
TOTAL MONEY MARKET
9.50
INSTRUMENTS^
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
 Government Bond - 39.30%  SOV - 44.06%  CRISIL A1+/ CRISIL AAA/ CRISIL AAA(SO) BANKS 9.50
 Corporate Bond - 28.26%
/ ICRA AAA(SO) & Equivalent - 33.64%  BWR A+(SO)/ CARE IndusInd Bank Limited CRISIL A1+ 9.50
 Total Money Market Instruments* - 13.28%
 Pass Through Certificate - 13.26% A+/ ICRA A+(SO)/ IND A+ -8.77%  CRISIL AA-/ IND AA-
 State Government Bond - 4.76% - 5.55%  BWR AA -4.91%  ICRA A-(SO) - 1.93% PASS THROUGH CERTIFICATE 13.26
 Reduced Face Value Bonds - Non Amortisation - 1.15%
 ICRA A-(SO) - 1.15% ICRA
* Includes Net Current Assets Sansar Trust 6.40
AAA(SO)
CRISIL
IIERT TRUST 3.82
AAA(SO)
Zenith Trust ICRA A-(SO) 1.93
Current Value of `10,000 invested Solstice Trust ICRA A+(SO) 1.12

Date Period Scheme Returns CRISIL CRISIL 10 year Scheme CRISIL CRISIL 10 year
(%) Composite Bond Gilt Index (`) Composite Bond Gilt Index
NET CURRENT ASSETS 3.78
Fund Index (Additional Fund Index (Additional
(Benchmark) Benchmark) (Benchmark) Benchmark)
NET ASSETS 100%
Returns (%) (`) (`)
Returns (%)
^
Certificate of Deposit
Axis Dynamic Bond Fund - Growth
31-May-17 Last 1 Year 2.49% 2.44% -2.39% 10,249 10,244 9,761
29-May-15 Last 3 Years 6.88% 7.36% 5.51% 12,217 12,383 11,751
31-May-13 Last 5 Years 7.06% 7.37% 5.14% 14,065 14,271 12,850
Since Inception (27-Apr-11) 8.21% 8.21% 6.34% 17,514 17,514 15,469
Axis Dynamic Bond Fund - Direct Plan -Growth
31-May-17 Last 1 Year 3.40% 2.44% -2.39% 10,340 10,244 9,761
29-May-15 Last 3 Years 7.94% 7.36% 5.51% 12,586 12,383 11,751
31-May-13 Last 5 Years 8.28% 7.37% 5.14% 14,888 14,271 12,850
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Calculations are based on Growth
Option NAV. Since inception returns are calculated at Rs.10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is
managing the scheme since inception and he manages 6 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page 32&33 for performance
of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR).
DIVIDENDS
Mar 26, 2018 0.1805 0.1672 10.6926 10.4426 0.1805 0.1672 11.3943 11.1443
EXIT LOAD
Sep 25, 2017 0.3611 0.3345 11.1287 10.6287 0.3611 0.3345 11.7742 11.2742 NIL
Half Yearly Dividend
Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203
Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017
Mar 26, 2018 - - - - 0.1805 0.1672 10.9742 10.7242
Quarterly Dividend Dec 26, 2017 0.1805 0.1672 10.3747 10.1247 0.1805 0.1672 11.0901 10.8401
Sep 25, 2017 0.1805 0.1672 10.6678 10.4178 0.1805 0.1672 11.3649 11.1149
Past performance may or may not be sustained in future. Face Value of units is ` 10. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed
above are for the last 3 quarters.
* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This
should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is
based on the invested corpus of the debt portfolio. £ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid
effective from May 18, 2018. Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.
16
FACTSHEET
AXIS CORPORATE DEBT FUND£ (FORMERLY KNOWN AS AXIS CORPORATE DEBT OPPORTUNITIES FUND) MAY 2018
(An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds£)
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.
PORTFOLIO
13th July 2017 289.86 Cr. CRISIL Short Term RATING % OF ASSETS
AS ON 31st MAY’18 Bond Fund Index TOTAL DEBT 57.86

306.79 Cr. CORPORATE BOND 53.98
UPL Limited BWR AA+ 6.55

Dewan Housing Finance
BWR AAA 5.87
Corporation Limited
Reliance Utilities & Power
CRISIL AAA 4.50
Pvt Limited
AVERAGE MATURITY*
FUND MANAGER NABARD CRISIL AAA 3.27
382 days
Oriental Nagpur Betul Highway CRISIL
MODIFIED DURATION*
Mr. Devang Shah 3.26
Limited AAA(SO)
332 days Work experience: 13 years. HDFC Limited CRISIL AAA 3.26
He has been managing this fund since 13th July 2017.
8.69% Indiabulls Housing Finance Limited BWR AAA 3.26
Edelweiss Commodities Services
CRISIL AA 3.23
Limited

Suhani Trading And Investment
BWR A+(SO) 1.94
Magma Fincorp Limited ICRA AA- 1.61

Rural Electrification Corporation
CRISIL AAA 1.59
Limited
 Corporate Bond - 53.98% Hinduja Leyland Finance Limited CARE AA- 1.31
 CARE A1+/ CRISIL A1+/ CRISIL A1+(SO)/ ICRA A1+/ BWR AAA/
CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA/ ICRA AAA(SO) & India Infoline Finance Limited ICRA AA 1.30
 Pass Through Certificate - 5.42%
 Zero Coupon Bond - 3.07%
Equivalent - 74.88%  BWR AA+/ CRISIL AA+ - 7.19%  BWR
Bharti Airtel Limited CRISIL AA+ 0.64
 Reduced Face Value Bonds - Non
A+(SO)/ CARE A+/ IND A+ - 6.43%  CARE AA-/ ICRA AA-/ IND
AA- - 4.53%  CRISIL AA/ ICRA AA - 4.53%  ICRA A-(SO) ZERO COUPON BOND 3.07
Amortisation - 0.81%
1.63%  IND A(SO) - 0.81%
* Includes Net Current Assets IDFC Bank Limited ICRA AAA 3.07
REDUCED FACE VALUE
0.81
BONDS - NON AMORTISATION
Ess Kay Fincorp Limited IND A(SO) 0.81
DIVIDENDS TOTAL MONEY MARKET
33.99
INSTRUMENTS^
OTHERS 18.91
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV CRISIL
per unit per unit per unit per unit Talwandi Sabo Power Limited 4.82
Options Record Date A1+(SO)
Individuals/ (Cum (Ex Individuals/ (Cum (Ex
Others Others Northern Arc Capital Limited ICRA A1+ 4.75
May 25, 2018 0.0145 0.0134 10.0701 10.0500 0.0198 0.0184 10.0776 10.0500
IndoStar Capital Finance Limited CRISIL A1+ 3.00
Apr 25, 2018 0.0411 0.0380 10.1071 10.0500 0.0459 0.0425 10.1138 10.0500 Adani Ports and Special Economic
Monthly ICRA A1+ 1.59
Zone Limited
Dividend
Mar 26, 2018 0.0507 0.0470 10.1203 10.0500 0.0556 0.0515 10.1271 10.0500 Indiabulls Housing Finance Limited CRISIL A1+ 1.54
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable. BANKS 15.09
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. .
HDFC Bank Limited CARE A1+ 4.61

EXIT LOAD IndusInd Bank Limited CRISIL A1+ 2.81
NIL
Since scheme have not completed one year, performance details for the same are not provided. IIERT TRUST CRISIL AAA(SO) 2.08
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 Zenith Trust ICRA A-(SO) 1.63
on the invested corpus of the debt portfolio
£
Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. MFL Securitisation Trust CRISIL AAA(SO) 0.95
Sansar Trust ICRA AAA(SO) 0.76
NET ASSETS 100%

^ Derivatives
17
AXIS STRATEGIC BOND FUND£ (FORMERLY KNOWN AS AXIS REGULAR SAVINGS FUND)
FACTSHEET
MAY 2018
(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 £)
INVESTMENT OBJECTIVE: To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.
PORTFOLIO
DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK RATING % OF ASSETS

28th March 2012 1,442.11Cr. CRISIL Composite TOTAL DEBT 89.33
AS ON 31st MAY’18 Bond Fund Index CORPORATE BOND

Power Finance Corporation Limited CRISIL AAA
79.29
5.55
1,455.98 Cr. Dewan Housing Finance Corporation Limited

Indiabulls Housing Finance Limited
BWR AAA
BWR AAA
3.78
3.56
NABARD CRISIL AAA 3.44
Bharti Airtel Limited CRISIL AA+ 2.77
Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.75
IndoStar Capital Finance Limited CARE AA- 2.73
PVR Limited CRISIL AA- 2.70
*
AVERAGE MATURITY FUND MANAGER Tube Investments of India Limited CRISIL AA 2.68
2.4 years Rural Electrification Corporation Limited CRISIL AAA 2.26
MODIFIED DURATION
* Mr. Devang Shah ICICI Bank Limited ICRA AA+ 2.03
Bhopal Dhule Transmission Company Limited CRISIL AAA 2.00
1.9 years Work experience: 13 years. Suhani Trading And Investment
BWR A+(SO) 1.91
He has been managing this fund since 5th Muthoot Finance Limited CRISIL AA 1.76
November 2012.
9.26% Adani Transmission Limited IND AA+ 1.72
Edelweiss Commodities Services Limited ICRA AA 1.71
JK Lakshmi Cement Limited CARE AA 1.70
Vedanta Limited CRISIL AA 1.69
JM Financial Products Limited CRISIL AA 1.63
Bank of Baroda CARE AA 1.55
Union Bank of India BWR AA 1.53
Vijaya Bank ICRA AA- 1.52
Piramal Enterprises Limited ICRA AA 1.50
Northern Arc Capital Limited ICRA A+ 1.37
Magma Fincorp Limited ICRA AA- 1.22
Birla Corporation Limited ICRA AA 1.22
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Dalmia Cement (Bharat) Limited ICRA AA 1.01
 Corporate Bond - 79.29%  CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL Hinduja Leyland Finance Limited CARE AA- 0.96
 Pass Through Certificate - 9.25% AAA(SO)/ ICRA AAA/ ICRA AAA(SO) & Equivalent - 38.35%  CARE AA/ Edelweiss Commodities Services Limited CRISIL AA 0.88
 Zero Coupon Bond - 5.09% Talwandi Sabo Power Limited CRISIL AA(SO) 0.85
 Government Bond - 2.62% CARE AA(SO)/ CRISIL AA/ ICRA AA/ BWR AA/ CRISIL AA(SO) - 25.00%  BWR
 Reduced Face Value Bonds - Non Amortisation - 2.06% AA-(SO)/ CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA- -13.49%  BWR A+(SO)/ Mahindra Rural Housing Finance IND AA+ 0.68
 Total Money Market Instruments* - 1.43% CARE A+/ ICRA A+/ ICRA A+(SO)/ CARE A+(SO)/ IND A+ - 10.43%  Gruh Finance Limited CRISIL AAA 0.67
 State Government Bond - 0.27%
CRISIL AA+/ ICRA AA+/ IND AA+- 7.19%  SOV - 2.89%  ICRA A-(SO) Tata Power Company Limited CRISIL AA- 0.64
* Includes Net Current Assets 2.06%  IND A(SO) - 0.57 % Vodafone Mobile Services Limited CRISIL AA- 0.60
Hindalco Industries Limited CRISIL AA 0.49
Hansdeep Industries & Trading Company Limited CARE AA(SO) 0.49
PERFORMANCE (as on 31st May 2018) ECL Finance Limited ICRA AA 0.34
Equitas Small Finance Bank Limited CARE A+ 0.34
Indiabulls Housing Finance Limited ICRA AAA 0.34
JM Financial Products Limited ICRA AA 0.34
Tata Power Company Limited ICRA AA- 0.21
Date Period Scheme Returns CRISIL CRISIL 10 year Scheme CRISIL CRISIL 10 year Piramal Finance Limited ICRA AA 0.14
(%) Composite Bond Gilt Index (`) Composite Bond Gilt Index ZERO COUPON BOND 5.09
Fund Index Fund Index Sprit Textile Pvt Limited BWR AA-(SO) 1.69
(Additional (Additional
(Benchmark) Benchmark (Benchmark) Benchmark)
Aditya Birla Fashion and Retail Limited CRISIL AA 1.23
Returns (%) (`) (`) Dewan Housing Finance Corporation Limited CARE AAA 0.96
Returns) (%)
Amri Hospitals Limited BWR A+(SO) 0.80
Axis Strategic Bond Fund - Growth Edelweiss Commodities Services Limited CARE AA 0.40
31-May-17 Last 1 Year 5.90% 2.44% -2.39% 10,590 10,244 9,761 GOVERNMENT BOND SOVEREIGN 2.62
29-May-15 Last 3 Years 8.07% 7.36% 5.51% 12,629 12,383 11,751 REDUCED FACE VALUE BONDS - NON
2.06
AMORTISATION
31-May-13 Last 5 Years 8.09% 7.37% 5.14% 14,756 14,271 12,850
Subros Limited ICRA A+ 0.81
Since Inception (28-Mar-12) 8.89% 8.26% 6.78% 16,920 16,327 14,998
Narmada Wind Energy Private Limited CARE A+(SO) 0.68
Axis Strategic Bond Fund - Direct Plan - Growth Ess Kay Fincorp Limited IND A(SO) 0.57
31-May-17 Last 1 Year 6.64% 2.44% -2.39% 10,664 10,244 9,761 STATE GOVERNMENT BOND SOVEREIGN 0.27
29-May-15 Last 3 Years 8.96% 7.36% 5.51% 12,944 12,383 11,751 PASS THROUGH CERTIFICATE 9.25
31-May-13 Last 5 Years 9.04% 7.37% 5.14% 15,421 14,271 12,850 Sansar Trust ICRA AAA(SO) 3.06
Since Inception (7-Jan-13) 9.50% 7.99% 5.90% 16,321 15,142 13,628 Zenith Trust ICRA A-(SO) 2.06
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different IIERT TRUST CRISIL AAA(SO) 1.62
expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to MFL Securitisation Trust CRISIL AAA(SO) 1.28
annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).
Solstice Trust ICRA A+(SO) 1.22
TOTAL MONEY MARKET INSTRUMENTS^ 1.95
DIVIDENDS BANKS
Yes Bank Limited ICRA A1+
1.61
0.97
Regular Plan Direct Plan OTHERS 0.33
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV HDFC Limited ICRA A1+ 0.33
per unit per unit per unit per unit NET CURRENT ASSETS -0.52
Others (Cum (Ex Others (Cum (Ex NET ASSETS 100%
HUF Dividend) Dividend) HUF Dividend) Dividend) ^Certificate of Deposit/Commercial Paper/## Secured by shares of Zee Entertainment
Enterprises Ltd
Half Yearly Dividend Mar 26, 2018 0.3611 0.3345 11.1951 10.6951 0.3611 0.3345 11.4850 10.9850
Sep 25, 2017 0.3611 0.3345 11.3877 10.8877 0.3611 0.3345 11.6281 11.1281
Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724
Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564
Mar 26, 2018 0.1805 0.1672 10.5370 10.2870 0.1805 0.1672 11.1669 10.9169
Quarterly Dividend
Dec 26, 2017 0.1805 0.1672 10.6019 10.3519 0.1805 0.1672 11.2000 10.9500 EXIT LOAD
Sep 25, 2017 0.1805 0.1672 10.7452 10.4952 0.1805 0.1672 11.3169 11.0669 If redeemed / switched-out within 12 months from the date of allotment
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable. For 10% of investment : Nil
Past performance may or may not be sustained in future. Face Value of units is ` 10. For remaining investment : 1%
Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters. If redeemed/switched out after 12 months from the date of allotment : Nil
* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an
indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
£
18
FACTSHEET
AXIS CREDIT RISK FUND£ (FORMERLY KNOWN AS AXIS FIXED INCOME OPPORTUNITIES FUND) MAY 2018
(An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds (Excluding AA+ Rated Corporate Bonds£)
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.
PORTFOLIO

RATING % OF ASSETS
15th July 2014 1,821.23 Cr. CRISIL Short Term TOTAL DEBT 85.48
AS ON 31st MAY’18 Bond Fund Index CORPORATE BOND 69.61

1,797.68 Cr. PVR Limited CRISIL AA- 3.53
Dalmia Cement (Bharat) Limited ICRA AA 3.02
Piramal Enterprises Limited ICRA AA 2.93
Birla Corporation Limited ICRA AA 2.86
Hinduja Leyland Finance Limited CARE AA- 2.31
*
AVERAGE MATURITY FUND MANAGER Renew Power Venture Pvt Limited CARE A+ 2.21
2.4 years Suhani Trading And Investment
BWR A+(SO) 2.20
MODIFIED DURATION
* Mr. Devang Shah Consultants Private Limited
Bank of Baroda CARE AA 2.18
1.9 years Work experience: 13 years. Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.18

He has been managing this fund Tata Power Company Limited IND AA 2.15
since inception.
9.41% JM Financial Products Limited
ECL Finance Limited
CRISIL AA
ICRA AA
2.05
1.95
JK Lakshmi Cement Limited CARE AA 1.92
Ujjivan Small Finance Bank Limited ICRA A+ 1.67
Muthoot Finance Limited CRISIL AA 1.54
Indiabulls Housing Finance Limited ICRA AAA 1.39
Vedanta Limited CRISIL AA 1.37
Hansdeep Industries & Trading Company Limited CARE AA(SO) 1.30
Bhopal Dhule Transmission Company Limited CRISIL AAA 1.07
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) HDFC Limited CRISIL AAA 0.83
 Corporate Bond - 69.61%  CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ ICRA AA(SO)/ IND AA/ BWR AA/ Northern Arc Capital Limited ICRA A+ 0.83
 Pass Through Certificate - 11.74% CRISIL AA(SO) - 30.95%  BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ Edelweiss Commodities Services Limited CRISIL AA 0.83
 State Government Bond - 5.54% Syndicate Bank IND AA- 0.82
 Zero Coupon Bond - 4.61% ICRA AAA/ ICRA AAA(SO) & Equivalent - 30.20%  BWR A+(SO)/ CARE A+/ Vodafone Mobile Services Limited CRISIL AA- 0.82
 Reduced Face Value Bonds - Non Amortisation - 4.07% ICRA A+/ ICRA A+(SO)/ CARE A+(SO)/ IND A+/ CRISIL A+ 15.01%  BWR Punjab National Bank IND A+ 0.81
 Total Money Market Instruments*- 2.78% AA-(SO)/ CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA- 11.32  SOV - 7.19%  Tata Power Company Limited CRISIL AA- 0.69
 Government Bond - 1.65% Talwandi Sabo Power Limited CRISIL AA(SO) 0.69
ICRA A-(SO) -3.34%  IND AA+- 1.11%  IND A (SO) - 0.88%
* Includes Net Current Assets Magma Fincorp Limited ICRA AA- 0.66
Edelweiss Commodities Services Limited ICRA AA 0.56
Power Grid Corporation of India Limited CRISIL AAA 0.32
PERFORMANCE (as on 31st May 2018) Mahindra Rural Housing Finance IND AA+ 0.28
Vijaya Bank ICRA AA- 0.17
Indiabulls Housing Finance Limited CARE AAA 0.06
Current Value of `10,000 invested NABARD CRISIL AAA 0.01
STATE GOVERNMENT BOND SOVEREIGN 5.54
Date Period Scheme Returns CRISIL Short- CRISIL 1 Year Scheme CRISIL Short- CRISIL 1 Year
(%) Term Bond Fund (`) Term Bond Fund ZERO COUPON BOND 4.61
T-Bill T-Bill
Index Index Index Index Amri Hospitals Limited BWR A+(SO) 2.60
Aditya Birla Fashion and Retail Limited CRISIL AA 0.66
Returns (%) (`) Sprit Textile Pvt Limited BWR AA-(SO) 0.66
Returns (%) (`)
SVL Limited ICRA AA(SO) 0.53
Axis Credit Risk Fund - Growth Edelweiss Commodities Services Limited CARE AA 0.16
31-May-17 Last 1 Year 5.02% 4.90% 5.85% 10,502 10,490 10,585 REDUCED FACE VALUE BONDS - NON
4.07
29-May-15 Last 3 Years 7.56% 7.41% 6.73% 12,450 12,400 12,165 AMORTISATION
Since Inception (15-Jul-14) 8.31% 8.00% 7.16% 13,630 13,481 13,078 Narmada Wind Energy Private Limited CARE A+(SO) 2.20
Axis Credit Risk Fund - Direct Plan - Growth Ess Kay Fincorp Limited IND A(SO) 0.88
31-May-17 Last 1 Year 6.53% 4.90% 5.85% 10,653 10,490 10,585 Asirvad Microfinance Ltd CRISIL A+ 0.56
29-May-15 Last 3 Years 8.92% 7.41% 6.73% 12,930 12,400 12,165 Subros Limited ICRA A+ 0.44
Since Inception (15-Jul-14) 9.57% 8.00% 7.16% 14,254 13,481 13,078 GOVERNMENT BOND SOVEREIGN 1.65
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 PASS THROUGH CERTIFICATE 11.74
years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is
managing the scheme since inception and he manages 43 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded Sansar Trust ICRA AAA(SO) 3.67
annualised (CAGR). Zenith Trust ICRA A-(SO) 3.34
IIERT TRUST CRISIL AAA(SO) 2.13
DIVIDENDS MFL Securitisation Trust CRISIL AAA(SO) 1.11
Regular Plan Direct Plan NET ASSETS 100%
^
Commercial Paper/## Secured by shares of Emami Ltd/ ~
Backed by corporate guarantee of
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV Shriram Transport Finance Company Limited
May 25, 2018 - - - - 0.0064 0.0059 10.0277 10.0187
Monthly Dividend Apr 25, 2018 0.0189 0.0175 10.1076 10.0813 0.0275 0.0255 10.0643 10.0260
Mar 26, 2018 0.0474 0.0439 10.1567 10.0911 0.0556 0.0515 10.1127 10.0357
Past performance may or may not be sustained in future. Face Value of units is ` 10.
EXIT LOAD (w.e.f. 10th November 2017)
If redeemed / switched-out within 12 months from the date of allotment:-

For 10% of investment: Nil
For remaining investment: 1%
If redeemed/switched out after 12 months from the date of allotment: Nil
* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This
should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation
is based on the invested corpus of the debt portfolio. £Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental
attribute(s) of the aforesaid effective from May 18, 2018. Please refer to page no 30, 32-33, 34-35 for NAV, TER, Riskometer & Statutory Details.
19
AXIS GILT FUND£ (FORMERLY KNOWN AS AXIS CONSTANT MATURITY 10 YEAR FUND)
FACTSHEET
MAY 2018
(An Open Ended Debt Scheme Investing In Government Securities Across Maturity£)
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 £
PORTFOLIO

23rd January 46.33 Cr. CRISIL 10 Year TOTAL DEBT 96.20
2012 AS ON 31st MAY’18 Gilt Index
GOVERNMENT BOND 96.20
40.78 Cr.
7.17% GOI Sovereign 72.46

FUND MANAGER
AVERAGE MATURITY*
9.4 years Mr. Devang Shah
MODIFIED DURATION* NET CURRENT ASSETS 3.80
Work experience: 13 years.
6.3 years He has been managing this fund since 5th November 2012. NET ASSETS 100%
7.86%

 Government Bond - 96.20%,  SOV & Equivalent - 100.00%
Date Period Scheme Returns (%) CRISIL 10 Year Gilt Scheme CRISIL 10 Year Gilt
Index (Benchmark) (`) Index
Returns (%) (Benchmark)
(`)
Axis Gilt Fund£ - Growth

31-May-17 Last 1 Year -0.12% -2.39% 9,988 9,761
29-May-15 Last 3 Years 5.78% 5.51% 11,841 11,751
31-May-13 Last 5 Years 5.37% 5.14% 12,993 12,850
Since Inception (23-Jan-12) 6.38% 6.36% 14,812 14,796
Axis Gilt Fund£ - Direct Plan - Growth
31-May-17 Last 1 Year 0.42% -2.39% 10,042 9,761
29-May-15 Last 3 Years 6.33% 5.51% 12,028 11,751
31-May-13 Last 5 Years 5.89% 5.14% 13,315 12,850
Since Inception (1-Jan-13) 6.77% 6.03% 14,256 13,729
expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page
33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).
DIVIDENDS
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV EXIT LOAD
HUF Dividend) Dividend) HUF Dividend) Dividend) NIL
Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -

Sep 25, 2017 0.3611 0.3345 11.8824 11.3824 - - - -
Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -
Dec 26, 2017 0.0009 0.0008 10.0022 10.0009 0.0043 0.0040 10.0100 10.0040
Nov 27, 2017 0.0306 0.0283 10.1010 10.0586 0.0345 0.0319 10.1099 10.0622
Regular Dividend Oct 25, 2017 0.0361 0.0334 10.2084 10.1583 0.0404 0.0375 10.2185 10.1625
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above
are since the inception of the fund. Regular dividends disclosed above are for the last 3 months.
* For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as
an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
£
20
AXIS BANKING & PSU DEBT FUND FACTSHEET
MAY 2018
(An Open Ended Debt Scheme Predominantly Investing In Debt Instruments Of Banks, Public Sector Undertakings & Public Financial Institutions)
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.
PORTFOLIO

RATING % OF ASSETS
8th June 2012 556.90 Cr. CRISIL Short Term TOTAL DEBT 94.87
AS ON 31st MAY’18 Bond Fund Index CORPORATE BOND 91.10
633.70 Cr.
Food Corporation Of India
CRISIL AAA
11.51
(SO)
Export Import Bank of India CRISIL AAA 9.57
AVERAGE MATURITY* FUND MANAGER
3.7 years Mr. Aditya Pagaria
MODIFIED DURATION* Power Grid Corporation of India Limited CRISIL AAA 7.13
Work experience: 11 years.
3 years He has been managing this fund since
National Bank For Agriculture and Rural
CRISIL AAA 4.74
Development
13th August 2016.
8.51% Indian Railway Finance Corporation
Limited
CRISIL AAA 3.87
Tata Sons Ltd CRISIL AAA 3.86

Reliance Utilities & Power Pvt Limited CRISIL AAA 3.03
NET ASSETS 100%
^ Derivatives

 Corporate Bond - 91.10%  CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA & Equivalent - 96.23%
 Total Money Market Instruments* - 5.13%  SOV - 3.77%
 State Government Bond - 3.77%
Cuurent Value of `10,000 invested
Date Period Scheme Returns CRISIL Short- CRISIL 1 Year Scheme CRISIL Short- CRISIL 1 Year
(%) Term Bond T-Bill Index (`) Term Bond Fund T-Bill Index
Fund Index (Additional Index (Additional
Returns (%) (`) (`)
Returns (%)
Axis Banking & PSU Debt Fund - Growth
31-May-17 Last 1 Year 6.19% 4.90% 5.85% 10,619 10,490 10,585
29-May-15 Last 3 Years 7.46% 7.41% 6.73% 12,417 12,400 12,165
31-May-13 Last 5 Years 8.07% 8.12% 6.87% 14,744 14,777 13,945
Since Inception (8-Jun-12) 8.25% 8.35% 7.10% 16,068 16,159 15,071
Axis Banking & PSU Debt Fund - Direct Plan - Growth
31-May-17 Last 1 Year 6.44% 4.90% 5.85% 10,644 10,490 10,585
29-May-15 Last 3 Years 7.66% 7.41% 6.73% 12,488 12,400 12,165
31-May-13 Last 5 Years 8.28% 8.12% 6.87% 14,886 14,777 13,945
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 1,000 invested at inception. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 4 schemes at Axis Mutual Fund. Please refer to
annexure on Page 32-33 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR).
DIVIDENDS
Apr 25, 2018 3.4599 4.6666 1,012.2644 1,007.4611 3.6358 3.3672 1,012.5104 1,007.4622
Monthly Dividend Mar 26, 2018 4.6972 6.6666 1,013.9646 1,007.4611 4.8666 4.5095 1,014.2012 1,007.4622 EXIT LOAD
Feb 26, 2018 3.6554 5.3333 1,012.5222 1,007.4611 3.8451 3.5626 1,012.7862 1,007.4622
Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. NIL
not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on
the invested corpus of the debt portfolio.
21
HYBRID
OUTLOOK
JUNE 2018
Quick Take - Equity

11.6%
• 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.
7.83% Quick Take - Fixed Income

• The economy continues to stand on a solid macro foundation and political stability. Oil could play
spoil sport. Global factors currently playing a larger role in market sentiment.
• Commentary of the RBI in the upcoming monetary policy will be key for rates in the month ahead.
6.99% • Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward
perspective.
• We continue to advise investors to stay invested in short to medium term strategies and actively look at
10 yr G-Sec : Last 1 year
credit funds.
Key highlights
Amid rising crude prices, weak 4Q corporate results and political uncertainty in LPA implying that it continues to expect a normal monsoon. We remain positive
Karnataka, the BSE-30 Index and Nifty Index ended flat in May. Midcap and on the rural consumption story given that a normal monsoon bodes well for the
small cap indices underperformed large caps significantly falling 6.8% & 6.7% agrarian economy and rural discretionary spending. Over the next few months
respectively. FPIs continued to remain net sellers this month with sales of US$1.4 we will also watch for the MSP announcement, kharif sowing pattern and rainfall
bn in equity and US$2.9 bn in debt during the month. pattern in July and August.
Key Events During the Month We continue to expect elevated volatility levels in the equity markets and hence
• India – The Fastest Growing Economy: Q4FY18 GDP growth improved advise investors to look at equity allocations from a medium to long term
significantly at 7.7% as against 7.0% in Q3FY18. There was a significant investment horizon. Systematic investments into equity products could also help
base effect, especially in manufacturing and construction sectors in investors ride out short term volatility.
Q4FY17, which was impacted by demonetization. The improvement was Debt Markets
led by pickup in manufacturing and agriculture. The revisions in the The market has seen a lack of liquidity due to lack of market participation. This
industrial sector were in line with improvement in high frequency data and at a time when the RBI is actively mopping up excess liquidity through reverse
healthy corporate earnings in Q4FY18. repo operations. FII`s have been consistent sellers in bond markets for the last
• Rising Crude – A Cause for Worry: Crude prices continued their upward few months further aggravating the situation. Concerns over rising oil prices is
trajectory hitting a high of US$ 80/barrel before cooling off. Rising oil likely to have a bearing on interest rates. Given the difficulty in judging the RBI’s
prices have once again raised fears of inflation and fiscal slippage. If oil stance on monetary policy, the global rate outlook and the state of the fiscal, we
related excise duties are reduced, the deficit might widen. prefer to stay out of the long end of the curve.
• Depreciating Currency: The USD-INR depreciated to Rs67.5/US$ in May Structural liquidity (Government Cash Balances + LAF Balances) has moved
from Rs66.5/US$ in April in line with other EM currencies. While the recent towards neutrality faster than our expectations on account of FX intervention
fall has been sharp, other EM currencies have seen a sharper deterioration (USD 5-6 Billon in last 2 months) and increased Currency in circulation. We
over the last 5 years as compared to the INR which has remained largely expect structural liquidity to remain in surplus to neutral zone for next 6 months.
stable. The recent fall has been consistent with the flight to safety seen Improving growth prospects has had a positive impact on corporate
around the world. performance. This has led to improvement in corporate balance sheets. The
• Inflation – A Nudge Upwards: CPI inflation inched up to 4.58% in April current corporate bond spreads remain conducive for investors on a risk reward
V/s 4.3% in March. Core inflation inched up marginally to 5.53% as well. basis.
• The Global Saga – Tariff Wars, the Iran Deal & Another EU-Exit?: In Markets over the month have seen significant rise in yields in short segment
global events, the US imposed import tariffs on NAFTA countries and the despite positive banking liquidity (3 months - 3 years). Reasons for this squeeze
EU in a sign of rising tensions between the US and its allies. The US also re- in short term rates are:
escalated trade tensions with China and cancelled the Iran deal creating 1. Most of positive liquidity is with PSU banks, and more than 50% of them are
further uncertainty in global markets. In Italy, Europe`s fourth largest under PCA guidelines where there are significant restrictions on fresh
economy, left wing socialists with an agenda to get Italy out of the EU have lending
claimed majority in local elections roiling markets across Europe. 2. Y-o-Y incremental bank credit to deposit ratio has been more than 100%
Market View (Strong credit growth) which has been met by a few private and PSU banks
Equity Markets creating pressure on them to raise deposits
Company results for Q4 FY18 have seen improvement across sectors that we 3. Banks have to adhere to single borrower limits from April 2019 which
cover. The IT sector results point to selective opportunities within the space on the restricts incremental lending to large corporates as they need to provide
back of an improved global outlook. Consumer focused companies within additional capital charge.
banking (Retail Banks & NBFC`s), consumer staples and discretionary 4. Remonetization/increased currency in circulation of economy has led to
companies have continued to match investor expectations. Consensus NIFTY reduction in deposit base of banks.
earnings also did not see significant negative surprises unlike earlier years, The above factors have led to significant increase in issuance of Certificate of
highlighting that there is confidence in a likely step-up in growth going forward. deposit, bonds and commercial papers by banks. This higher than expected
The IMD maintained its forecast for the 2018 southwest monsoon at 97% of the supply has put upward pressure on yields.
Source: Bloomberg, Axis MF Research.
22
FACTSHEET
AXIS EQUITY SAVER FUND MAY 2018
(An Open Ended Scheme Investing In Equity, Arbitrage And Debt)
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.
PORTFOLIO
14th August 2015 666.62 Cr. CRISIL Hybrid 85 TOTAL DEBT

TOTAL FIXED DEPOSIT
33.09
4.42
AS ON 31st MAY’18 + 15 Conservative CORPORATE BOND 24.70

678.60 Cr. Index Bank of Baroda CARE AA 1.01
ICRA AA+ 2.91
ICICI Bank Limited ICRA AA+ 3.84
@*
AVERAGE MATURITY JM Financial Products Limited CRISIL AA 0.74
3.3 years Muthoot Finance Limited CRISIL AA 0.59
@* NABARD CRISIL AAA 0.68
MODIFIED DURATION FUND MANAGER Piramal Finance Limited ICRA AA 1.91
2.4 years Power Grid Corporation of India Limited CRISIL AAA 0.73
PORTFOLIO YIELD (YIELD TO MATURITY&) Mr. Anupam Tiwari Mr. R. Sivakumar Punjab National Bank IND A+ 2.71
8.64% Work experience: 13 years. Work experience: 19 years. Reliance Industries Limited
Rural Electrification Corporation Limited
CRISIL AAA
CRISIL AAA
2.80
3.56
PORTFOLIO TURNOVER# (1 YEAR) He has been managing this fund since He has been managing this fund Syndicate Bank IND AA- 0.44
06th Oct ‘16 since inception.
6.12 times Union Bank Of India
GOVERNMENT BOND
BWR AA
SOVEREIGN
0.71
3.97
TOTAL EQUITY 66.21
TOTAL UNHEDGED EQUITY 40.25
AUTO 4.16
BANKS 8.32
Indusind Bank Limited 0.74
CEMENT 1.20
JK Lakshmi Cement Limited 0.29
CHEMICALS 0.50
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) CONSTRUCTION PROJECT 1.76
 Unhedged Equity - 40.25%  BWR AAA/ CRISIL AAA/ & Equivalent 9.95%  ICRA AA+/ IND Voltas Limited 0.99
 Debt, Cash and Other Receivables* - 33.79% AA+ - 7.34%  CARE AA/ CRISIL AA/ BWR AA - 4.96% CONSUMER NON DURABLES 6.41
 Hedged Equity - 25.96%  SOV - 3.97%  IND A+ - 2.71%  IND AA- - 0.44% Asian Paints Limited 0.55
* Includes Net Current Assets Colgate Palmolive (India) Limited 0.25
Hindustan Unilever Limited 2.21
Nestle India Limited 0.60
FERROUS METALS 0.32
PERFORMANCE (as on 31st May 2018) Tata Steel Limited 0.32
FINANCE 7.46
Cholamandalam Investment And
0.76
Current Value of `10,000 invested Finance Company Limited
HDFC Limited 2.44
Date Period Scheme Returns CRISIL Hybrid NIFTY 50 Scheme CRISIL Hybrid NIFTY 50 Sundaram Finance Holdings Limited 0.13
(%) 85+15 - (Additional (`) 85+15 - (Additional Sundaram Finance Limited 1.81
Conservative Benchmark) Conservative Benchmark) PETROLEUM PRODUCTS 1.96
Index Returns (%) Index (`) Reliance Industries Limited 1.96
(Benchmark) (Benchmark) PHARMACEUTICALS 0.50
Returns (%) (`) Divi's Laboratories Limited 0.50
SOFTWARE 4.68
Axis Equity Saver Fund - Growth
Mindtree Limited 1.04
31-May-17 Last 1 Year 9.70% 4.09% 13.30% 10,970 10,409 11,330
Niit Technologies Limited 0.73
Since Inception (14-Aug-15) 7.40% 8.00% 9.95% 12,210 12,402 13,039
Axis Equity Saver Fund - Direct Plan - Growth
Tech Mahindra Limited 0.64
31-May-17 Last 1 Year 10.98% 4.09% 13.30% 11,098 10,409 11,330
Since Inception (14-Aug-15) 8.71% 8.00% 9.95% 12,630 12,402 13,039 Page Industries Limited 1.27
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 years
TRANSPORTATION 1.05
& 5 years period has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam
Tiwari is managing the scheme since 6th October 2016 and he manages 6 schemes & R. Sivakumar is managing the scheme since inception and he manages 6 schemes. Please refer to annexure on Page 32 & 33 for Container Corporation Of India Limited 0.79
performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant of the Interglobe Aviation Limited 0.26
Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. TOTAL HEDGED EQUITY 25.96
Vedanta Limited 0.76
Tata Global Beverages Limited 0.15
DIVIDENDS HDFC Limited 2.38
Torrent Power Limited 0.30
Regular Plan Direct Plan NIIT Technologies Limited 0.57
The India Cements Limited 0.01
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV Tata Chemicals Limited 0.16
per unit per unit per unit per unit Cholamandalam Investment and
Options Record Date Individuals/ Individuals/ 0.37
Others (Cum (Ex Others (Cum (Ex Finance Company Limited
HUF Dividend) Dividend) HUF Dividend) Dividend) Suzlon Energy Limited 0.04
LIC Housing Finance Limited 0.27
May 25, 2018 0.0553 0.0553 10.7953 10.7400 0.0553 0.0553 11.1353 11.0800 IRB Infrastructure Developers Limited 0.20
Apr 25, 2018 0.0553 0.0553 10.8653 10.8100 0.0553 0.0553 11.1953 11.1400 Jaiprakash Associates Limited 0.77
Monthly Dividend Mar 26, 2018 0.0625 0.0625 10.6525 10.5900 0.0625 0.0625 10.9525 10.8900 Bharat Financial Inclusion Limited 0.19
Mar 26, 2018 0.1875 0.1875 10.7975 10.6100 0.1875 0.1875 11.1175 10.9300 Mahindra & Mahindra Financial Services Limited 6.67
Quarterly Dividend Dec 26, 2017 0.1875 0.1875 10.9975 10.8100 0.1875 0.1875 11.2975 11.1100 Britannia Industries Limited 0.31
Sep 25, 2017 0.1875 0.1875 10.8675 10.6800 0.1875 0.1875 11.1275 10.9400 Century Textiles & Industries Limited 2.03
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Allahabad Bank 0.02
Infibeam Incorporation Limited 7.27
Godfrey Phillips India Limited 0.02
EXIT LOAD Dewan Housing Finance Corporation Limited 1.45
If redeemed / switched-out within 12 months from the date of allotment, DEBT, CASH & OTHER RECEIVABLES 0.70
- For 10% of investments : NIL - For remaining investment : 1% NET ASSET 100%
If redeemed / switched - out after 12 months from the date of allotment : NIL ^Commercial Paper,PTC and Derivatives
@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given
above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the
invested corpus of the debt portfolio. #Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.
23
FACTSHEET
AXIS DYNAMIC EQUITY FUND MAY 2018
(An Open Ended Dynamic Asset Allocation Fund)
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.
PORTFOLIO

1st August 2017 2,650.66 Cr. CRISIL Hybrid TOTAL DEBT 28.10
TOTAL FIXED DEPOSIT 3.56
AS ON 31st MAY’18 35+65 Aggressive CORPORATE BOND 21.11
2,697.30 Cr. Index Edelweiss Commodities Services Limited

HDFC Limited
CRISIL AA
CRISIL AAA
0.92
1.45
ICICI Bank Limited ICRA AA+ 0.91
Indian Railway Finance Corporation Limited CRISIL AAA 0.91
FUND MANAGER Mr. Ashwin Patni Larsen & Toubro Limited CRISIL AAA 0.34
Work experience: 16 years. Muthoot Finance Limited CRISIL AA 0.55
AVERAGE MATURITY* NABARD IND AAA 0.74
Mr. Anupam Tiwari He has been managing this fund
1.9 years since inception.
Work experience: 13 years. Nuvoco Vistas Corporation Limited CRISIL AA 1.10
MODIFIED DURATION* Piramal Finance Limited ICRA AA 0.19
He has been managing this fund Mr. R. Sivakumar
1.6 years since inception.
Work experience: 19 years. Reliance Jio Infocomm Limited CRISIL AAA 0.54
PORTFOLIO YIELD (YIELD TO MATURITY&) Rural Electrification Corporation Limited CRISIL AAA 4.70
He has been managing this fund
8.45% since inception.
Shriram Transport Finance Company Limited
Small Industries Dev Bank of India
CRISIL AA+
CARE AAA
0.74
0.92
Tata Power Company Limited IND AA 1.07
Tata Sons Ltd CRISIL AAA 0.18
UltraTech Cement Limited CRISIL AAA 0.20
Vodafone Mobile Services Limited CRISIL AA- 2.90
ICRA AA+ 0.30
SVL Limited ICRA AA(SO) 0.76
TOTAL EQUITY 66.12
AUTO 3.43
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) MRF Limited 0.91
 Unhedged Equity - 45.94%  BWR AAA/ CARE AAA/ CRISIL AAA/ ICRA AAA/ IND AAA &
BANKS 9.41
 Debt, Cash and Other Receivables*- 33.88% Equivalent - 17.62%  CRISIL AA/ ICRA AA/ ICRA AA(SO)/ IND AA - Bandhan Bank Limited 0.96
 Hedged Equity £ - 20.18% 5.12%  CARE AA-/ CRISIL AA- - 3.79%  CRISIL AA+/ ICRA City Union Bank Limited 0.75
* Includes Net Current Assets AA+ 1.95 %  SOV - 1.84% ICICI Bank Limited 0.91
IndusInd Bank Limited 0.39
£
Hedged equity exposure is calculated using the notional exposure of index options. Kotak Mahindra Bank Limited 2.29
CEMENT 1.48
CONSUMER DURABLES 0.54
Amber Enterprises India Limited 0.54
Hindustan Unilever Limited 1.88
Colgate Palmolive (India) Limited 0.57
Nestle India Limited 0.63
FERROUS METALS 0.57
Tata Steel Limited 0.57
FINANCE 8.91
0.61
EXIT LOAD HDFC Limited
Mahindra & Mahindra Financial Services Limited
1.86
0.93
Mas Financial Services Limited 0.34
Sundaram Finance Holdings Limited 0.12
If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If Sundaram Finance Limited 1.96
redeemed / switched - out after 12 months from the date of allotment:NIL GAS 0.45
Petronet LNG Limited 0.45
INDUSTRIAL PRODUCTS 0.51
Cummins India Limited 0.51
INDUSTRIAL CAPITAL GOODS 1.12
Bharat Electronics Limited 0.49
Since scheme have not completed one year, performance details for the same are not provided. PETROLEUM PRODUCTS 1.97
Reliance Industries Limited 1.97
SOFTWARE 5.70
Infosys Limited 1.25
NIIT Technologies Limited 0.29
Tech Mahindra Limited 1.38
TRANSPORTATION 0.47
InterGlobe Aviation Limited 0.47
TOTAL HEDGED EQUITY 20.18
DEBT, CASH & OTHER RECEIVABLES 5.78
NET ASSETS 100%
^Commercial Paper, Certificate of Deposit and Derivatives/## Backed by corporate guarantee of
Shriram Transport Finance Company/ € Hedged equity exposure is based on actual exposure of
the net assets.
24
AXIS REGULAR SAVER FUND£ (FORMERLY KNOWN AS AXIS INCOME SAVER)
FACTSHEET
MAY 2018
(An Open Ended Hybrid Scheme Investing Predominantly In Debt Instruments)
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.
PORTFOLIO

RATING % OF ASSETS
16th July 2010 377.73 Cr. CRISIL Hybrid TOTAL DEBT 68.56
85+15 - CORPORATE BOND 57.58

AS ON 31st MAY’18 Reliance Jio Infocomm Limited CRISIL AAA 9.66
Conservative Index
370.55 Cr. Power Finance Corporation Limited CRISIL AAA 9.09
Mahindra & Mahindra Financial Services Limited IND AAA 6.68
FUND MANAGER National Highways Auth Of Ind CRISIL AAA 3.88
@* LIC Housing Finance Limited CRISIL AAA 3.76
AVERAGE MATURITY
Mr. Devang Shah Mr. Ashish Naik Renew Power Venture Pvt Limited CARE A+ 2.95
1.3 years Work experience: 13 years. Work experience: 11 years. NABARD CRISIL AAA 2.70
@*
MODIFIED DURATION
He has been managing this fund since He has been managing this fund since Muthoot Finance Limited CRISIL AA 2.66
1.1 years 07th June 2016 22nd June 2016 Blue Dart Express Limited ICRA AA 0.02

8.62% SVL Limited ICRA AA(SO) 9.23

JM Financial Products Limited CRISIL AA 1.74
TOTAL MONEY MARKET INSTRUMENTS^ 2.03
BANKS 2.03
TOTAL EQUITY 24.67
BANKS 4.90
FINANCE 3.91
 Debt* - 75.33%  CRISIL A1+/ BWR AAA/ CRISIL AAA/ IND AAA & Equivalent Multi Commodity Exchange of India Limited 0.89
 Equity - 24.67% 52.68%  CRISIL AA/ ICRA AA/ ICRA AA(SO) - 13.64% Bajaj Finance Limited 0.66
 IND AA+ - 5.40%  CARE A+/ ICRA A+(SO) - 3.61% HDFC Limited 0.65
PERFORMANCE (as on 31st May 2018) Endurance Technologies Limited 0.74
Amara Raja Batteries Limited 0.56
AUTO 1.99
Date Period Scheme Returns CRISIL Hybrid CRISIL 10 Year Scheme CRISIL Hybrid CRISIL 10 Year PESTICIDES 1.66
(%) 85+15 - Gilt Index (`) 85+15 - Gilt Index UPL Limited 0.84
Conservative (Additional Conservative (Additional PI Industries Limited 0.82
Index Benchmark) Index Benchmark)
(Benchmark) (Benchmark) SOFTWARE 1.56
Returns (%) (`)
Returns (%) (`) Infosys Limited 0.83
Axis Regular Saver Fund - Growth Info Edge (India) Limited 0.73
31-May-17 Last 1 Year 7.37% 4.09% -2.39% 10,737 10,409 9,761 TRANSPORTATION 1.49
29-May-15 Last 3 Years 6.93% 8.05% 5.51% 12,234 12,622 11,751 Container Corporation of India Limited 0.77
31-May-13 Last 5 Years 9.26% 8.71% 5.14% 15,574 15,185 12,850
Since Inception (16-July-10) 8.30% 8.47% 5.99% 18,744 18,972 15,812 Blue Dart Express Limited 0.72
Axis Regular Saver Fund - Direct Plan - Growth CEMENT 1.11
31-May-17 Last 1 Year 8.70% 4.09% -2.39% 10,870 10,409 9,761 Shree Cement Limited 1.11
29-May-15 Last 3 Years 8.47% 8.05% 5.51% 12,769 12,622 11,751
31-May-13 Last 5 Years 10.79% 8.71% 5.14% 16,700 15,185 12,850 TEXTILE PRODUCTS 0.91
Since Inception (4-Jan-13) 10.46% 9.01% 5.95% 17,123 15,944 13,664 Page Industries Limited 0.91
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense CONSTRUCTION PROJECT 0.79
structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 43 schemes & Ashish Naik is managing the scheme since 22nd
June 2016 and he manages 5 schemes. Please refer to annexure on Page 32 & 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Larsen & Toubro Limited 0.79
CHEMICALS 0.75
DIVIDENDS RETAILING 0.71
Regular Plan Direct Plan CONSUMER NON DURABLES 0.66
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV Asian Paints Limited 0.66
per unit per unit per unit per unit FINANCE 0.62
Others (Cum (Ex Others (Cum (Ex HDFC Limited 0.62
HUF Dividend) Dividend) HUF Dividend) Dividend) INDUSTRIAL PRODUCTS 0.57
Mar 26, 2018 0.7222 0.6691 12.4612 11.4612 0.7222 0.6691 13.1199 12.1199 Astral Poly Technik Limited 0.57
Mar 27, 2017 0.7223 0.6692 12.5556 11.5556 0.5417 0.5019 12.7860 12.0360 OTHER EQUITY (LESS THAN 0.50% OF THE
0.78
Annual Dividend CORPUS)
Mar 28, 2016 0.7222 0.6691 12.5739 11.5739 0.7222 0.6691 12.6583 11.6583
Mar 25, 2015 0.3629 0.3365 12.6035 12.1035 0.3629 0.3365 12.5849 12.0849
Mar 26, 2018 0.3611 0.3345 11.4652 10.9652 0.3611 0.3345 12.1281 11.6281 NET ASSETS 100%
Half Yearly Dividend
Sep 25, 2017 0.3611 0.3345 11.6889 11.1889 0.3611 0.3345 12.2724 11.7724 ^Certificate of Deposit and Derivatives/ ##
Backed by corporate guarantee of Shriram
Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977 Transport Finance Company Limited
Sep 26, 2016 0.3611 0.3346 11.9394 11.4394 0.3611 0.3346 12.3576 11.8576
Mar 26, 2018 0.1805 0.1672 10.8963 10.6463 0.1805 0.1672 13.7410 13.4910
Quarterly Dividend
Dec 26, 2017 0.1805 0.1672 11.1587 10.9087 0.0722 0.0669 13.8215 13.7215
Sep 25, 2017 0.1805 0.1672 11.1274 10.8774 0.0722 0.0669 13.5341 13.4341
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly
Dividends disclosed above are for the last 3 quarters. @ Based on debt portfolio only.
* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the
returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. £Pursuant to the circular issued by
EXIT LOAD
SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.
£
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
25
FACTSHEET
AXIS CHILDREN’S GIFT FUND£ MAY 2018
(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.
PORTFOLIO
BENCHMARK
DATE OF ALLOTMENT MONTHLY AVERAGE RATING % OF ASSETS
08th December 381.99 Cr.
50% Nifty 50 +
TOTAL DEBT 29.35
2015 50% Crisil TOTAL FIXED DEPOSIT 0.91

AS ON 31st MAY’18
Composite Bond CORPORATE BOND 24.25
385.18 Cr. Power Finance Corporation Limited CRISIL AAA 4.06
Fund Index ICICI Bank Limited ICRA AA+ 3.84
@*
AVERAGE MATURITY FUND MANAGER Renew Power Venture Pvt Limited CARE A+ 1.29
2.3 years JM Financial Products Limited CRISIL AA 1.04
MODIFIED DURATION
@* Mr. Ashish Naik Mr. R. Sivakumar Cholamandalam Investment and
ICRA AA+ 0.52
1.9 years Work experience: 11 years. Work experience: 19 years. Syndicate Bank
Punjab National Bank
IND AA-
IND A+
0.26
0.25
07th June 2016.
8.71% 6th July 2016 Sprit Textile Pvt Limited BWR AA-(SO) 1.67
TOTAL EQUITY 66.08
AUTO 5.13
BANKS 12.51
City Union Bank Limited 1.26
COMPOSITION BY ASSETS (%) COMPOSITION BY ASSETS (%) HDFC Bank Limited 5.49
 Unhedged Equity - 66.08%  CRISIL AAA & Equivalent 16.93%  ICRA AA+/ IND AA+ CEMENT 1.99
 Debt, Cash and Other Receivables - 33.92% 5.66%  CRISIL AA/ BWR AA - 5.58%  BWR AA-(SO)/ IND Shree Cement Limited 1.99
AA- -1.93%  CARE A+/ IND A+ - 1.54%  SOV -1.38% CHEMICALS 3.85
Camlin Fine Sciences Limited 1.22
Sudarshan Chemical Industries Limited 0.62
PERFORMANCE (as on 31st May 2018) Larsen & Toubro Limited 2.28
FERROUS METALS 1.34
FINANCE 13.36
Date Period Scheme Returns 50% NIFTY 50 NIFTY 50 Scheme 50% NIFTY 50 NIFTY 50 Cholamandalam Investment and
(%) + 50% CRISIL (Additional (`) + 50% CRISIL 0.96
(Additional Finance Company Limited
Composite Bond Benchmark) Composite Bond Benchmark) HDFC Standard Life Insurance Company Limited 1.41
Fund Index Returns (%) Fund Index (`) HDFC Limited 4.06
(Benchmark) (Benchmark) Mahindra & Mahindra Financial Services Limited 1.66
Returns (%) (`) Sundaram Finance Holdings Limited 0.10
Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth
GAS 0.73
31-May-17 Last 1 Year 13.10% 7.88% 13.30% 11,310 10,788 11,330
Indraprastha Gas Limited 0.73
Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth INDUSTRIAL CAPITAL GOODS 1.25
31-May-17 Last 1 Year 14.93% 7.88% 13.30% 11,493 10,788 11,330 V-Guard Industries Limited 1.25
Since Inception (8-Dec-15) 12.39% 11.61% 15.81% 13,360 13,130 14,390 INDUSTRIAL PRODUCTS 1.45
Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth
^
Astral Poly Technik Limited 1.45
31-May-17 Last 1 Year 13.10% 7.88% 13.30% 11,310 10,788 11,330 PESTICIDES 2.54
PI Industries Limited 1.46
Axis Childrens Gift Fund - No Lock-in^ - Direct Plan - Growth
31-May-17 Last 1 Year 15.19% 7.88% 13.30% 11,519 10,788 11,330 UPL Limited 1.08
Since Inception (8-Dec-15) 12.75% 11.61% 15.81% 13,466 13,130 14,390 PHARMACEUTICALS 3.77
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. Since inception returns for Axis Cadila Healthcare Limited 0.72
Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 2015. The performance data for 3 years & 5 years period
has not been provided, since scheme is in existence for less than 3 years.Different plans have different expense structure. Ashish Naik manages 5 schemes & R. Sivakumar manages 6 schemes. Please refer to annexure on Divi's Laboratories Limited 1.21
Page 32 for performance of all schemes managed by the fund managers. Sun Pharma Advanced Research Company Limited 0.53
RETAILING 2.00
EXIT LOAD Avenue Supermarts Limited

SOFTWARE
2.00
4.30
3% is payable if Units are redeemed / switched out upto 1 year from the date of allotment,
2% is payable if Units are redeemed / switched - out after 1 year and upto 2 years from Mphasi Limited 1.04
the date of allotment, 1% is payable if are redeemed / switched-out after 2 years and upto Tata Consultancy Services Limited 1.88
3 years from the date of allotment, NIL if Units are redeemed / switched-out after 3 years from TEXTILE PRODUCTS 1.67
the date of allotment
@ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. TRANSPORTATION 0.72
& 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
Blue Dart Express Limited 0.72
by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Returns greater than 1 year period are compounded annualised (CAGR).
The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. DEBT, CASH & OTHER RECEIVABLES 4.57
£
Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018.
NET ASSETS 100%
^
No fresh subscription allowed
^
Derivatives
26
FACTSHEET
AXIS TRIPLE ADVANTAGE FUND£ MAY 2018
(An Open Ended Scheme Investing In Equity, Debt And Gold)
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.
PORTFOLIO
BENCHMARK
DATE OF ALLOTMENT MONTHLY AVERAGE
65% of Nifty 50 RATING % OF ASSETS
23rd August 2010 298.02 Cr. + 20% of CRISIL CORPORATE BOND 8.83
AS ON 31st MAY’18
Composite Bond
Fund Index + 15% Of
298.77 Cr. INR Price of Gold Rural Electrification Corporation Limited CRISIL AAA 2.01
India Infrastructure Fin Co Ltd CRISIL AAA 0.90
Hindalco Industries Limited CRISIL AA 0.17
@* GOVERNMENT BOND SOVEREIGN 1.59
AVERAGE MATURITY FUND MANAGER
TOTAL EQUITY 78.01
4.8 years
MODIFIED DURATION
@* Mr. R. Sivakumar Mr. Ashish Naik BANKS 14.80
Work experience: 19 years. Work experience: 11 years. HDFC Bank Limited 7.62
2.9 years
He has been managing the fund since He has been managing this fund since Kotak Mahindra Bank Limited 4.54
7.68% 14th September 2010 22nd June 2016
FINANCE 14.07
HDFC Limited 4.81
Cholamandalam Investment and 1.97
HDFC Standard Life Insurance
0.69
Company Limited
Amara Raja Batteries Limited 1.61
 Equity - 78.01%  CRISIL AAA & Equivalent - 8.26 %  SOV - 1.59% SOFTWARE 8.06
 ETFs - 11.16%  CRISIL AA/BWR AA - 0.98% Tata Consultancy Services Limited 4.73
 Debt* - 10.83% Infosys Limited 2.02
* Includes Net Current Assets Info Edge (India) Limited 1.31
AUTO 7.68
PERFORMANCE (as on 31st May 2018) Ashok Leyland Limited 2.07
PHARMACEUTICALS 5.26
Date Period Scheme Returns 65% of NIFTY CRISIL 10 Year Scheme 65% of NIFTY CRISIL 10 Year Divi's Laboratories Limited 1.89
(%) 50 + 20% Gilt Index (`) 50 + 20% Gilt Index
of CRISIL of CRISIL Cadila Healthcare Limited 0.72
Composite Bond Benchmark) Composite Bond Benchmark) Sun Pharma Advanced Research
0.56
Fund Index + Fund Index + Company Limited
Returns (%) (`)
15% Of INR 15% Of INR PESTICIDES 3.72
Price of Gold Price of Gold
UPL Limited 2.02
(Benchmark) (Benchmark)
Returns (%) (`) PI Industries Limited 1.70
Axis Triple Advantage Fund - Growth TRANSPORTATION 3.04

31-May-17 Last 1 Year 9.87% 10.42% -2.39% 10,987 11,042 9,761 Container Corporation of India Limited 2.37
29-May-15 Last 3 Years 7.14% 8.93% 5.51% 12,305 12,934 11,751
31-May-13 Last 5 Years 8.72% 11.07% 5.14% 15,194 16,912 12,850 Blue Dart Express Limited 0.67
Since Inception (23-Aug-10) 8.48% 9.54% 6.30% 18,829 20,313 16,076 CEMENT 2.88
Axis Triple Advantage Fund - Direct Plan Growth
31-May-17 Last 1 Year 10.91% 10.42% -2.39% 11,091 11,042 9,761 Shree Cement Limited 2.88
29-May-15 Last 3 Years 8.26% 8.93% 5.51% 12,698 12,934 11,751 RETAILING 2.66
31-May-13 Last 5 Years 9.89% 11.07% 5.14% 16,031 16,912 12,850
Since Inception (1-Jan-13) 8.70% 10.23% 6.03% 15,708 16,940 13,729 Avenue Supermarts Limited 2.66
expense structure. Plan of the scheme for which performance is given is indicated above.R. Sivakumar is managing the scheme since 14th September 2010 and he manages 6 schemes & Ashish Naik is managing the
CHEMICALS 2.47
scheme since 22nd June 2016 and he manages 5 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with Camlin Fine Sciences Limited 1.56
that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (CAGR). The performance of the scheme is benchmarked to the Total Return variant
of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. Pidilite Industries Limited 0.91
DIVIDENDS Larsen & Toubro Limited 2.43
Regular Plan Asian Paints Limited 2.03
Dividend (` Per unit) NAV NAV OTHER EQUITY (LESS THAN 0.50% OF
0.11
THE CORPUS)
per unit per unit
Options Record Date Individuals/ EXCHANGE TRADED FUNDS 11.16
Others (Cum (Ex
HUF Dividend) Dividend) Axis Gold ETF 11.16
Apr 17, 2014 0.4676 0.4478 11.3222 10.7222 DEBT, CASH & OTHER RECEIVABLES 0.41
Dividend Sep 17, 2012 0.7047 0.6040 11.2694 10.4694
Sep 21, 2011 0.7047 0.6040 10.9561 10.1561 NET ASSETS 100%
Past performance may or may not be sustained in future. Face Value of units is ` 10. @ Based on debt portfolio only.
* For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as
an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
£
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
27
AXIS ARBITRAGE FUND (FORMERLY KNOWN AS AXIS ENHANCED ARBITRAGE FUND)
FACTSHEET
MAY 2018
(An Open Ended Scheme Investing In Arbitrage Opportunities )
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.
PORTFOLIO
% OF ASSETS
14th August 2014 2,085.21Cr. Nifty 50 TOTAL HEDGED EQUITY 65.79
AS ON 31st MAY’18 Arbitrage Index Sun Pharmaceutical Industries Limited 5.27

2,122.65 Cr. The Federal Bank Limited 4.73
Housing Development Finance Corporation Limited 4.62
Jubilant Foodworks Limited 4.25
AVERAGE MATURITY*@ Cadila Healthcare Limited 2.54
189 days Century Textiles & Industries Limited

Maruti Suzuki India Limited
2.28
2.12
MODIFIED DURATION*@ FUND MANAGER Cholamandalam Investment and Finance Company Limited 2.11
171 days Motherson Sumi Systems Limited 1.78
PORTFOLIO YIELD (YIELD TO MATURITY&) Mr. Ashwin Patni Mr. Devang Shah Dewan Housing Finance Corporation Limited
Indiabulls Housing Finance Limited
1.71
1.63
8.19% Work experience: More than 16 years. Work experience: More than13 years. Nestle India Limited 1.45
PORTFOLIO TURNOVER# (1 YEAR) He has been managing the fund since He has been managing this fund since United Spirits Limited 1.42
27th April 2015 inception. Aurobindo Pharma Limited 1.26
12.65 times Torrent Power Limited 1.21
CESC Limited 0.93
GMR Infrastructure Limited 0.88

Capital First Limited
Tata Global Beverages Limited
0.71
0.70
Bharat Electronics Limited 0.65
Jaiprakash Associates Limited 0.61
Current Value of `10,000 invested Mahanagar Gas Limited 0.49
IDBI Bank Limited 0.45
Date Period Scheme Returns Nifty 50 CRISIL 1 Year Scheme Nifty 50 CRISIL 1 Year Suzlon Energy Limited 0.42
(%) Arbitrage Index T-Bill Index (`) Arbitrage Index T-Bill Index Dr. Reddy's Laboratories Limited 0.42
(Benchmark) (Additional (Benchmark) (Additional IRB Infrastructure Developers Limited 0.38
Returns (%) (`) Benchmark) TV18 Broadcast Limited 0.37
Benchmark)
(`) IDFC Bank Limited 0.36
Returns (%)
Tata Motors Limited 0.34
Axis Arbitrage Fund£ - Growth DLF Limited 0.33
31-May-17 Last 1 Year 6.05% 4.70% 5.85% 10,605 10,470 10,585 Balrampur Chini Mills Limited 0.32
The Karnataka Bank Limited 0.30
29-May-15 Last 3 Years 6.14% 5.52% 6.73% 11,962 11,756 12,165
Hero MotoCorp Limited 0.29
Since Inception (14-Aug-14) 6.59% 6.14% 7.15% 12,744 12,541 12,998 Steel Authority of India Limited 0.27
Axis Arbitrage Fund£ - Direct Plan - Growth Escorts Limited 0.27
31-May-17 Last 1 Year 6.93% 4.70% 5.85% 10,693 10,470 10,585 Wockhardt Limited 0.25
29-May-15 Last 3 Years 7.02% 5.52% 6.73% 12,264 11,756 12,165 Jet Airways (India) Limited 0.25
LIC Housing Finance Limited 0.24
Since Inception (14-Aug-14) 7.49% 6.14% 7.15% 13,155 12,541 12,998
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years Punjab National Bank 0.22
period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.Devang Shah is managing NMDC Limited 0.22
the scheme since inception and he manages 43 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 22 schemes. Please refer to annexure on Page 33 for performance of schemes Vedanta Limited 0.21
managed by the fund managers. Returns greater than 1 year period are compounded annualised (CAGR). Piramal Enterprises Limited 0.21
Multi Commodity Exchange of India Limited 0.20
Havells India Limited 0.20
DIVIDENDS Bharat Heavy Electricals Limited

Reliance Capital Limited
0.19
0.19
Shriram Transport Finance Company Limited 0.18
Jain Irrigation Systems Limited 0.18
Regular Plan Direct Plan Divi's Laboratories Limited 0.18
Arvind Limited 0.18
Dividend (` Per unit) NAV NAV Dividend (` Per unit) NAV NAV Bank of Baroda 0.16
per unit per unit per unit per unit L&T Finance Holdings Limited 0.15
Others (Cum (Ex Others (Cum (Ex Manappuram Finance Limited 0.15
HUF Dividend) Dividend) HUF Dividend) Dividend) Bajaj Finance Limited 0.13
BEML Limited 0.13
May 21, 2018 0.04 0.04 10.4811 10.4368 0.04 0.04 10.9416 10.8973 Jindal Steel & Power Limited 0.13
Dividend Apr 19, 2018 0.04 0.04 10.5007 10.4564 0.04 0.04 10.9520 10.9077 Godfrey Phillips India Limited 0.12
NBCC (India) Limited 0.12
Mar 22, 2018 0.05 0.05 10.5158 10.4658 0.05 0.05 10.9584 10.9084 PTC India Limited 0.11
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable. Tech Mahindra Limited 0.10
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Shree Cement Limited 0.10
Bank of India 0.09
CEAT Limited 0.09
EXIT LOAD The India Cements Limited 0.09
Syndicate Bank 0.09
Indraprastha Gas Limited 0.08
0.25% if redeemed / switched out within 7 days from the date of allotment. Union Bank of India 0.07
@ 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 Adani Power Limited 0.06
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 Engineers India Limited 0.06
maturities. The calculation is based on the invested corpus of the debt portfolio. #Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/ JSW Steel Limited 0.06
SLB are not considered.
Allahabad Bank 0.05
IFCI Limited 0.05
Lupin Limited 0.05
Tata Motors Limited 0.04
Muthoot Finance Limited 0.04
MRF Limited 0.03
IDFC Limited 0.03
The South Indian Bank Limited 0.03
Ambuja Cements Limited 0.02
Andhra Bank 0.02
Rural Electrification Corporation Limited 0.02
Hindustan Petroleum Corporation Limited 0.02
Bharat Forge Limited 0.01
Equitas Holdings Limited 0.01
DEBT, CASH & OTHER RECEIVABLES 34.21
NET ASSETS 100%
28
SIP PERFORMANCE OF SELECT SCHEMES (as on 31st May 2018)
The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had
invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time.
Axis Bluechip Fund£ - Growth Option

SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP
Total Amount Invested 1,000,000 600,000 360,000 120,000
Market value as on May 31, 2018 1,880,634 885,884 465,945 132,685
Returns (Annualised) 14.72% 15.60% 17.52% 20.27%
Benchmark Returns (Annualised) 12.32% 13.21% 14.60% 11.35%
Additional Benchmark Returns (Annualised) 12.40% 13.21% 15.24% 14.48%
^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE Sensex.
Inception Date: Jan 05, 2010. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them.
Axis Long Term Equity Fund - Growth Option

Total Amount Invested 1,010,000 600,000 360,000 120,000
^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50.
Inception Date: Dec 29, 2009. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him.
Axis Midcap Fund - Growth Option

Total Amount Invested 870,000 600,000 360,000 120,000
Benchmark Returns (Annualised) 18.36% 19.74% 15.57% -0.71%
^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap. Additional Benchmak: Nifty 50.
Inception Date: Feb 18, 2011. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by him.
Axis Focused 25 Fund - Growth Option

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

SIP Investments Since Inception SIP 1 Year SIP
Total Amount Invested 330,000 120,000
Market value as on May 31, 2018 375,501 126,070
Returns (Annualised) 9.38% 9.56%
Benchmark Returns (Annualised) 6.81% 1.61%
Additional Benchmark Returns (Annualised) 15.59% 11.35%
^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL Hybrid 85+15 - Conservative Index. Additional
Benchmak: Nifty 50. Inception Date: August 14, 2015. This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them.
Axis Triple Advantage Fund - Growth Option

Additional Benchmark Returns (Annualised) 6.03% 5.44% 2.78% -4.15%
^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: 65% of Nifty 50 + 20% of Crisil Composite Bond
Fund Index + 15% Of INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. Inception Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the
Annexure for returns of all the schemes managed by them.
Axis Regular Saver£ - Growth Option

Additional Benchmark Returns (Annualised) 6.04% 5.44% 2.77% -4.14%
^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL Hybrid 85+15 - Conservative Index.
Additional Benchmak: CRISIL 10 year Gilt Index. Inception Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all
the schemes managed by them. SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). The performance of the schemes are benchmarked to the
29
£Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes,there has been change in the
NAV fundamental attribute(s) of the aforesaid effective from May 18, 2018.
Equity Funds (as on 31st May 2018)
Axis Bluechip Fund£ Axis Focused Fund Axis Midcap Fund

(Formerly Known As Axis Equity Fund)
Option NAV (`) Option NAV (`) Option NAV (`)

Dividend 15.75 Dividend Option 19.35 Dividend 25.01
Growth 26.88 Growth Option 27.77 Growth 35.31
Direct Plan - Dividend 16.95 Direct Plan - Dividend 29.25 Direct Plan - Dividend 29.84
Direct Plan - Growth 28.58 Direct Plan - Growth 29.62 Direct Plan - Growth 37.64
Axis Arbitrage Fund

Axis Long Term Equity Fund Axis Multicap Fund (Formerly Known As Axis Enhanced Arbitrage Fund)

Dividend 22.9025 Dividend 10.86 Dividend 10.4755
Growth 43.9094 Growth 10.86 Growth 12.7440
Direct Plan - Dividend 38.1470 Direct Dividend 10.95 Direct Dividend 10.9400
Direct Plan - Growth 46.7453 Direct Growth 10.96 Direct Growth 13.1546
Debt Funds (as on 31st May 2018)
Axis Liquid Fund Axis Treasury Advantage Fund Axis Short Term Fund

Daily Dividend 1001.3998 Daily Dividend 1006.0759 Bonus 18.9642
Growth 1942.7207 Growth 1949.8299 Growth 18.8562
Monthly Dividend 1002.0870 Monthly Dividend 1007.3838 Monthly Dividend 10.1493
Weekly Dividend 1002.7216 Weekly Dividend 1007.0939 Weekly Dividend Option 10.2027
Retail Daily Dividend 1000.9559 Retail Daily Dividend 1005.3188 Regular Dividend Option 12.6145
Retail Growth 1842.7381 Retail Growth 1824.6770 Retail Growth 18.6435
Retail Monthly Dividend 1001.4000 Retail Monthly Dividend 1007.3805 Retail Monthly Dividend 10.0138
Retail Weekly Dividend 1001.2067 Retail Weekly Dividend 1005.6930 Retail Weekly Dividend Option 10.1115
Direct Bonus 1949.6631 Direct Plan - Daily Dividend option 1007.1463 Direct Plan - Regular Dividend Option 11.9863
Direct plan - Daily Dividend Option 1000.956 Direct Plan - Growth option 1996.3071 Direct Plan - Growth option 19.6749
Direct plan - Growth Option 1949.7788 Direct Plan - Monthly Dividend option 1007.4735 Direct Plan - Monthly Dividend option 10.0172
Direct plan - Monthly Dividend Option 1001.5022 Direct Plan - Weekly Dividend option 1005.7356 Direct Plan - Weekly Dividend option 10.2128
Direct plan - Weekly Dividend Option 1002.7262
Axis Corporate Debt Fund£ Axis Strategic Bond Fund£
(Formerly Known As Axis Corporate Debt (Formerly Known As Axis Regular Savings Fund)
Axis Dynamic Bond Fund Opportunities Fund)
Option NAV (`) Option NAV (`)
Option NAV (`) Regular Plan Regular Dividend 10.5533 Growth 16.9197
Growth 17.5140 Regular Plan Daily Dividend 10.0708 Half Yearly Dividend 10.6912
Half Yearly Dividend 10.3925 Regular Plan Growth 10.5527 Quarterly Dividend 10.2833
Quarterly Dividend 10.1787 Regular Plan Monthly Dividend 10.0698 Direct Plan - Growth option 17.7232
Direct Plan - Growth option 18.6161 Regular Plan Weekly Dividend 10.0611 Direct Plan - Half Yearly Dividend option 10.9960
Direct Plan - Half Yearly Dividend option 11.1083 Direct Plan Regular Dividend 10.6330 Direct Plan - Quarterly Dividend option 10.9278
Direct Plan - Quarterly Dividend option 10.6896 Direct Plan Daily Dividend 10.0777
Direct Plan Growth 10.6357 Axis Banking & PSU Debt Fund
Axis Credit Risk Fund£ Direct Plan Monthly Dividend 10.0713
(Formerly Known As Axis Fixed Income Opportunities Fund)
Direct Plan Weekly Dividend 10.0618 Option NAV (`)
Option NAV (`) Daily Dividend 1006.2135
Axis Gilt Fund £
Growth 1606.7620
Growth 13.6296 (Formerly Known As Axis Constant Maturity 10 Year Fund)
Monthly Dividend 1007.5789
Monthly Dividend 10.0851
Option NAV (`) Weekly Dividend 1005.7853
Weekly Dividend 10.1087 Direct Plan - Daily Dividend option 1006.2216
Growth 14.8124
Direct Growth 14.2541 Half Yearly Dividend 10.6284 Direct Plan - Growth option 1623.1878
Direct Monthly Dividend 10.0353 Regular Dividend 9.8947 Direct Plan - Monthly Dividend option 1007.8740
Direct Weekly Dividend 10.2096 Direct Plan - Growth option 15.2336 Direct Plan - Weekly Dividend option 1005.9807
Direct Plan - Regular Dividend option 9.9068
Hybrid Funds (as on 31st May 2018)
Axis Regular Saver Fund£

Axis Equity Saver Fund Axis Children’s Gift Fund (Formerly Known As Axis Income Saver)

Regular Dividend 11.85 Direct Plan - No Lock-In - Dividend 13.3589 Growth Option 18.7441
Growth 12.21 Direct Plan - No Lock-In - Growth 13.4664 Dividend Option - Half Yearly 11.1436
Monthly Dividend 10.84 No Lock-In - Dividend 12.8482 Dividend Option - Quarterly 10.8196
Quarterly Dividend 10.99 No Lock-In - Growth 12.8430 Dividend Option - Annual 11.6476
Direct Regular Dividend 11.73 Compulsory Lock-In - Dividend 12.8495 Direct Plan - Growth option 20.1568
Direct Growth 12.63 Compulsory Lock-In - Growth 12.8438 Direct Plan - Half Yearly Dividend option 11.8330
Direct Monthly Dividend 11.18 Dir Plan - Comp Lock-In - Dividend 13.3590 Direct Plan - Quarterly Dividend option 13.7280
Direct Quarterly Dividend 11.35 Dir Plan - Comp Lock-In - Growth 13.3602 Direct Plan - Annual Dividend option 12.3335
Axis Dynamic Equity Fund Axis Triple Advantage Fund

Option NAV (`) Option NAV (`)
Dividend 10.64 Dividend 15.3568
Growth 10.64 Growth 18.8286
Direct Dividend 10.79 Direct Plan - Dividend 17.1572
Direct Growth 10.79 Direct Plan - Growth 19.9292
30
LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS
Fund Name Entry Minimum Additional Minimum SIP Minimum

Load Investment Amount (`) Purchase Amount (`) Amount / in Multip- Installments
ules of (`)
Axis Bluechip Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Focused 25 Fund NA 5,000/1 100/1 1,000/1 12
Axis Long Term Equity Fund NA 500/500 500/500 500/500 06
Axis Midcap Fund NA 5,000/1 100/1 1,000/1 12
Axis Multicap Fund NA 5,000/1 100/1 1,000/1 12
Axis Equity Saver Fund NA 5,000/1 100/1 1,000/1 12
Axis Triple Advantage Fund NA 5,000/1 100/1 1,000/1 12
Axis Regular Saver Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Gilt Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Dynamic Bond Fund NA 5,000/1 100/1 1,000/1 12
Axis Corporate Debt Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Strategic Bond Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Credit Risk Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Short Term Fund NA 5,000/1 1,000/1 1,000/1 12
Axis Banking & PSU Debt Fund NA 5,000/1 1,000/1 1,000/1 12
Axis Treasury Advantage Fund NA 5,000/1 1,000/1 1,000/1 12
Axis Liquid Fund NA Growth Option: Growth Option: - -

`500 and in ` 500 and in
multiples of ` 1/- thereafter multiples of ` 1/-
All other thereafter All other
Options:` 5,000 and in Options: ` 1,000 and in
multiples of `1/- thereafter multiples of ` 1/-
thereafter
Axis Arbitrage Fund£ NA 5,000/1 100/1 1,000/1 12
Axis Children’s Gift Fund NA 5,000/1 100/1 1,000/1 12
Axis Dynamic Equity Fund NA 5,000/1 100/1 1,000/1 12
Please refer to the website for current load structure. For complete information refer Key Information Memorandum (KIM) or Scheme Information Doucment (SID).
Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid schemes effective from May 18, 2018.
£
31
ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st May 2018)
1 Year 3 Years 5 Years Since Inception
Point-to-Point
Point-to-Point Point-to-Point Point-to-Point returns on Standard
returns on Standard returns on Standard returns on Standard Investment of `
Date of inception CAGR (%) CAGR (%) CAGR (%)
Investment of Investment of CAGR (%) Investment of 10,000 was
Rs. 10,000/- Rs. 10,000/- Rs. 10,000/- invested on
inception date
FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 5 SCHEMES)
Axis Bluechip Fund - Growth 20.75% 12,075 11.56% 13,899 15.82% 20,853 12.48% 26,880
Nifty 50 (Benchmark) 05-Jan-10 13.30% 11,330 9.79% 13,246 13.78% 19,072 10.13% 22,511
S&P BSE Sensex (Additional Benchmark) 15.08% 11,508 9.81% 13,251 13.88% 19,163 10.17% 22,577
Axis Bluechip Fund - Direct Plan - Growth 22.50% 12,250 12.86% 14,391 17.18% 22,104 17.06% 23,465
S&P BSE Sensex (Additional Benchmark) 15.08% 11,508 9.81% 13,251 13.88% 19,163 13.11% 19,481
Axis Midcap Fund - Growth 24.42% 12,442 11.11% 13,729 22.68% 27,803 18.91% 35,310
S&P BSE Midcap (Benchmark) 18-Feb-11 10.46% 11,046 15.65% 15,485 21.79% 26,808 14.33% 26,535
Nifty 50 (Additional Benchmark) 13.30% 11,330 9.79% 13,246 13.78% 19,072 11.09% 21,521
Axis Midcap Fund - Direct Plan - Growth 25.80% 12,580 12.39% 14,209 24.18% 29,545 20.54% 27,495
S&P BSE Midcap (Benchmark) 01-Jan-13 10.46% 11,046 15.65% 15,485 21.79% 26,808 17.43% 23,863
FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 4 SCHEMES)
Axis Long Term Equity Fund - Growth* 21.56% 12,156 12.38% 14,207 23.37% 28,590 19.20% 43,909
S&P BSE 200 (Benchmark) 29-Dec-09 13.28% 11,328 11.13% 13,736 15.66% 20,703 11.01% 24,102
Axis Long Term Equity Fund - Direct Plan - Growth* 22.86% 12,286 13.61% 14,681 24.80% 30,288 23.49% 31,341
S&P BSE 200 (Benchmark) 01-Jan-13 13.28% 11,328 11.13% 13,736 15.66% 20,703 14.19% 20,509
Axis Focused 25 Fund - Growth 23.04% 12,304 15.67% 15,497 18.42% 23,297 18.82% 27,770
Nifty 50 (Benchmark) 29-Jun-12 13.30% 11,330 9.79% 13,246 13.78% 19,072 14.10% 21,843
S&P BSE 200 (Additional Benchmark) 13.28% 11,328 11.13% 13,736 15.66% 20,703 15.63% 23,639
Axis Focused 25 Fund - Direct Plan - Growth 24.40% 12,440 17.08% 16,072 19.81% 24,704 18.79% 25,403
S&P BSE 200 (Additional Benchmark) 13.28% 11,328 11.13% 13,736 15.66% 20,703 14.19% 20,509
Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth@ 13.00% 11,300 - - - - 17.16% 12,520
S&P BSE Midcap (Benchmark) 29-Dec -16 10.46% 11,046 - - - - 24.45% 13,640
Nifty 50 (Additional Benchmark) 13.30% 11,330 - - - - 23.52% 13,496
Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan@ 14.70% 11,470 - - - - 19.00% 12,800
- Growth
29-Dec -16
S&P BSE Midcap (Benchmark) 10.46% 11,046 - - - - 24.45% 13,640
FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 6 SCHEMES)
Axis Equity Saver Fund - Growth@ 9.70% 10,970 - - - - 7.40% 12,210
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 14-Aug-15 4.09% 10,409 - - - - 8.00% 12,402
Axis Equity Saver Fund - Direct Plan - Growth@ 10.98% 11,098 - - - - 8.71% 12,630
Axis Triple Advantage Fund - Growth 9.87% 10,987 7.14% 12,305 8.72% 15,194 8.48% 18,829
65% of Nifty 50 + 20% of CRISIL Composite Bond Fund Index + 15% Of INR 10.42% 11,042 8.93% 12,934 11.07% 16,912 9.54% 20,313
23-Aug-10
Price of Gold (Benchmark)
Crisil 10 Year Gilt Index (Additional Benchmark) -2.39% 9,761 5.51% 11,751 5.14% 12,850 6.30% 16,076
Axis Triple Advantage Fund - Direct Plan Growth 10.91% 11,091 8.26% 12,698 9.89% 16,031 8.70% 15,708
01-Jan-13
Axis Dynamic Bond Fund - Growth 2.49% 10,249 6.88% 12,217 7.06% 14,065 8.21% 17,514
Crisil Composite Bond Fund Index (Benchmark) 27-Apr-11 2.44% 10,244 7.36% 12,383 7.37% 14,271 8.21% 17,514
Axis Dynamic Bond Fund - Direct Plan - Growth 3.40% 10,340 7.94% 12,586 8.28% 14,888 9.04% 15,974
Crisil Composite Bond Fund Index (Benchmark) 01-Jan-13 2.44% 10,244 7.36% 12,383 7.37% 14,271 8.05% 15,206
Axis Capital Protection Oriented Fund - Series 5 # 7.19% 10,719 4.25% 11,334 8.33% 14,925 8.22% 15,535
Crisil Hybrid 85+15 - Conservative Index (Benchmark) 02-Nov-12 4.09% 10,409 8.05% 12,622 8.71% 15,185 9.26% 16,386
Crisil 1 Year T-Bill Index (Additional Benchmark) 5.85% 10,585 6.73% 12,165 6.87% 13,945 7.07% 14,641
Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@ 13.10% 11,310 - - - - 10.62% 12,844
50% Nifty 50 + 50% Crisil Composite Bond Fund Index 7.88% 10,788 - - - - 11.61% 13,130
08-Dec-15
(Benchmark)
Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@ 14.93% 11,493 - - - - 12.39% 13,360
50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 08-Dec-15 7.88% 10,788 - - - - 11.61% 13,130
Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@ 13.10% 11,310 - - - - 10.62% 12,843
50% Nifty 50 + 50% CRISIL Composite Bond Fund Index (Benchmark) 08-Dec-15 7.88% 10,788 - - - - 11.61% 13,130
Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@ 15.19% 11,519 - - - - 12.75% 13,466
50% Nifty 50+ 50% Crisil Composite Bond Fund Index (Benchmark) 08-Dec-15 7.88% 10,788 - - - - 11.61% 13,130
FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 5 SCHEMES)
Axis Triple Advantage Fund - Growth 9.87% 10,987 7.14% 12,305 8.72% 15,194 8.48% 18,829
23-Aug-10
Axis Triple Advantage Fund - Direct Plan Growth 10.91% 11,091 8.26% 12,698 9.89% 16,031 8.70% 15,708
01-Jan-13
Axis Regular Saver Fund£ - Growth # 7.37% 10,737 6.93% 12,234 9.26% 15,574 8.30% 18,744
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 16-Jul-10 4.09% 10,409 8.05% 12,622 8.71% 15,185 8.47% 18,972
CRISIL 10 year Gilt Index (Additional Benchmark) -2.39% 9,761 5.51% 11,751 5.14% 12,850 5.99% 15,812
Axis Regular Saver Fund£ - Direct Plan - Growth # 8.70% 10,870 8.47% 12,769 10.79% 16,700 10.46% 17,123
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 04-Jan-13 4.09% 10,409 8.05% 12,622 8.71% 15,185 9.01% 15,944
CRISIL 10 year Gilt Index (Additional Benchmark) -2.39% 9,761 5.51% 11,751 5.14% 12,850 5.95% 13,664
Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth@ 13.10% 11,310 - - - - 10.62% 12,844
Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth@ 14.93% 11,493 - - - - 12.39% 13,360
Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth@ 13.10% 11,310 - - - - 10.62% 12,843
Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth@ 15.19% 11,519 - - - - 12.75% 13,466
FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 4 SCHEMES)
Axis Liquid Fund - Growth 6.88% 10,688 7.33% 12,368 8.05% 14,734 7.98% 19,427
Crisil Liquid Fund Index (Benchmark) 09-Oct-09 6.88% 10,688 7.25% 12,337 8.03% 14,714 7.63% 18,884
Axis Liquid Fund - Direct Plan - Growth 6.95% 10,695 7.41% 12,394 8.13% 14,783 8.19% 15,317
Crisil Liquid Fund Index (Benchmark) 31-Dec-12 6.88% 10,688 7.25% 12,337 8.03% 14,714 8.05% 15,210
Axis Liquid Fund - Retail Plan - Growth 6.27% 10,627 6.75% 12,169 7.49% 14,352 7.69% 18,427
Crisil Liquid Fund Index (Benchmark) 01-Mar-10 6.88% 10,688 7.25% 12,337 8.03% 14,714 7.86% 18,672
Axis Treasury Advantage Fund - Growth 6.27% 10,627 7.41% 12,400 8.04% 14,723 8.03% 19,498
Crisil Liquid Fund Index (Benchmark) 09-Oct-09 6.88% 10,688 7.25% 12,343 8.03% 14,714 7.63% 18,884
Axis Treasury Advantage Fund - Direct Plan - Growth 6.90% 10,690 7.90% 12,571 8.53% 15,062 8.59% 15,624
Crisil Liquid Fund Index (Benchmark) 01-Jan-13 6.88% 10,688 7.25% 12,343 8.03% 14,714 8.05% 15,208
32
ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31st May 2018)
1 Year 3 Years 5 Years Since Inception
Point-to-Point
Point-to-Point Point-to-Point Point-to-Point returns on Standard
returns on Standard returns on Standard returns on Standard Investment of `
Date of inception CAGR (%) CAGR (%) CAGR (%)
Investment of Investment of CAGR (%) Investment of 10,000 was
Rs. 10,000/- Rs. 10,000/- Rs. 10,000/- invested on
inception date
Axis Treasury Advantage Fund - Retail Plan - Growth 5.83% 10,583 6.83% 12,197 7.38% 14,277 7.56% 18,247
Crisil Liquid Fund Index (Benchmark) 03-Mar-10 6.88% 10,688 7.25% 12,343 8.03% 14,714 7.86% 18,661
Axis Banking & PSU Debt Fund - Growth 6.19% 10,619 7.46% 12,417 8.07% 14,744 8.25% 16,068
Crisil Short Term Bond Fund Index (Benchmark) 08-Jun-12 4.90% 10,490 7.41% 12,400 8.12% 14,777 8.35% 16,159
Axis Banking & PSU Debt Fund - Direct Plan - Growth 6.44% 10,644 7.66% 12,488 8.28% 14,886 8.33% 15,418
Crisil Short Term Bond Fund Index (Benchmark) 01-Jan-13 4.90% 10,490 7.41% 12,400 8.12% 14,777 8.26% 15,371
FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 5 SCHEMES)
Axis Equity Saver Fund - Growth@ 9.70% 10,970 - - - - 7.40% 12,210
Axis Equity Saver Fund - Direct Plan - Growth @ 10.98% 11,098 - - - - 8.71% 12,630
Axis Small Cap Fund - Growth@@ 14.02% 11,402 13.16% 14,503 - - 25.57% 27,890
Nifty Smallcap 100 (Benchmark) 29-Nov-13 9.94% 10,994 13.13% 14,492 - - 23.30% 25,687
Nifty 50 (Additional Benchmark) 13.30% 11,330 9.79% 13,246 - - 14.44% 18,357
Axis Small Cap Fund - Direct Plan - Growth@@ 15.30% 11,530 14.40% 14,990 - - 26.98% 29,320
Nifty Smallcap 100 (Benchmark) 29-Nov-13 9.94% 10,994 13.13% 14,492 - - 23.30% 25,687
Nifty 50 (Additional Benchmark) 13.30% 11,330 9.79% 13,246 - - 14.44% 18,357
TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES)
Axis Hybrid Fund - Series 30 - Growth@@ 8.16% 10,816 - - - - 12.78% 13,190
Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) (Benchmark) 11-Feb-16 4.07% 10,407 - - - - 9.55% 12,336
CRISIL 1 Year T-Bill (Additional Benchmark) 5.85% 10,585 - - - - 6.42% 11,539
Axis Hybrid Fund - Series 30 - Direct Plan - Growth@@ 9.69% 10,969 - - - - 14.28% 13,597
Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) (Benchmark) 29-Oct-15 4.07% 10,407 - - - - 7.90% 12,175
Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) (Benchmark) 18-Nov-15 4.07% 10,407 - - - - 8.32% 12,245
Axis Hybrid Fund - Series 28 - Direct Plan - Growth 9.53% 10,953 - - - - 9.67% 12,635
BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES)
Axis Hybrid Fund - Series 6 - Growth@@ 2.47% 10,247 -0.02% 9,993 - - 5.94% 13,188
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 16-Aug-13 4.09% 10,409 8.05% 12,622 - - 10.86% 16,386
CRISIL 1 Year T-Bill (Additional Benchmark) 5.85% 10,585 6.73% 12,165 - - 7.47% 14,126
Axis Hybrid Fund - Series 6 - Direct Plan - Growth@@ 3.50% 10,350 0.96% 10,291 - - 6.98% 13,815
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 16-Aug-13 4.09% 10,409 8.05% 12,622 - - 10.86% 16,386
Axis Hybrid Fund - Series 7 - Growth@@ 2.41% 10,241 0.22% 10,068 - - 6.01% 13,187
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5-Sep-13 4.09% 10,409 8.05% 12,622 - - 10.42% 15,992
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 25-Jul-13 4.09% 10,409 8.05% 12,622 - - 10.04% 15,905
TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 43 SCHEMES)
Axis Hybrid Fund - Series 28 - Direct Plan - Growth 9.53% 10,953 - - - - 9.67% 12,635
BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 43 SCHEMES)
Axis Hybrid Fund - Series 7 - Growth@@ 2.41% 10,241 0.22% 10,068 - - 6.01% 13,187
CRISIL Hybrid 85+15 - Conservative Index (Benchmark) 5-Sep-13 4.09% 10,409 8.05% 12,622 - - 10.42% 15,992
Axis Gilt Fund£ - Growth -0.12% 9,988 5.78% 11,841 5.37% 12,993 6.38% 14,812
23-Jan-12
CRISIL 10 Year Gilt Index (Benchmark) -2.39% 9,761 5.51% 11,751 5.14% 12,850 6.36% 14,796
Axis Gilt Fund£ - Direct Plan - Growth 0.42% 10,042 6.33% 12,028 5.89% 13,315 6.77% 14,256
1-Jan-13
CRISIL 10 Year Gilt Index (Benchmark) -2.39% 9,761 5.51% 11,751 5.14% 12,850 6.03% 13,729
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Above data excludes schemes which have not completed a year. The above data excludes performance
of direct plans of schemes which have not completed a year. The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18.
33
Past performance may or may not be sustained in the future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Trea-
sury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2,026.8434/- invested at inception for Axis Gold ETF and on Rs. 10/- invested at inception for all other schemes. Different plans have different expense
structure. Plan of the scheme for which performance is given is indicated above.
The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund
since 7th June 2016 and Axis Emerging Opportunites Fund Series 1 and Series 2 since inception
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 Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2
since 17th Feb 2017, Axis Dynamic Equity Fund since inception & Axis Capital Builder Fund - Series 1 since 8th March 2018.
Ashwin Patni is managing Axis Arbitrage Fund, Axis Capital Protection Oriented Fund – Series 5 and all Axis Hybrid Funds since 27th April, 2015 (since inception date for Axis Hybrid Funds launched after 27th April, 2015)
and Axis Equity Advantage Fund - Series 1 since 25th May, 2017, Axis Equity Advantage Fund - Series 2 since inception, Axis Dynamic Equity Fund since inception.
Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund£ , Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for
Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund£ and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver Fund£ (Debt portion), Axis Gold Fund, Axis
Gold ETF , all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, 2017.
Ashish Naik is managing the equity portion of Axis Regular Saver Fund£ and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children’s Gift Fund since July 6th, 2016 and Axis Nifty ETF since July 3rd 2017,
Axis Capital Builder Fund - Series 1 since 8th March 2018.
Aditya Pagaria is managing Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Banking & PSU Debt Fund since 13th August, 2016 & Axis Equity Advantage Fund Series - 1 since 26th May, 2017.
R. Sivakumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection Oriented Fund – Series 5 since inception, Axis Triple Advantage Fund since 14th September 2010 and
Axis Children’s Gift Fund (debt portion) since 7th June 2016, Axis Dynamic Equity Fund since inception.
@The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.
@@The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.
W.e.f January 1, 2013, Axis Short Term Fund - Institutional Plan, Axis Treasury Advantage Fund - Institutional Plan & Axis Liquid Fund - Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage
Fund & Axis Liquid Fund, respectively.
* An open ended equity linked savings scheme with a 3 year lock-in.
# Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.
$ Rating Details (Axis Short Term Fund & Axis Banking & PSU Debt Fund)
Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication
of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.
^ Rating Details (Axis Treasury Advantage Fund and Axis Liquid Fund)
Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication
of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager:
Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Weighted Average Expense Ratio for the Month

Scheme - Regular Plan / Direct Plan : Axis Hybrid Fund - Series 5: 2.25% / 1.40%, Axis Hybrid Fund - Series 6: 2.25% / 1.40%, Axis Hybrid Fund - Series 7: 2.25
% / -, Axis Hybrid Fund - Series 18 : 1.97% / 0.92%, Axis Hybrid Fund - Series 19 : 2.07% / 1.02%, Axis Hybrid Fund - Series 22 : 2.02% / 0.83%, Axis Hybrid Fund - Series 23
: 2.05% /0.86%, Axis Hybrid Fund - Series 24 : 2.00% / 0.81%, Axis Hybrid Fund - Series 25 : 2.13% / 0.94%, Axis Hybrid Fund - Series 26 : 2.11% / 0.92%, Axis Hybrid Fund
- Series 27 : 2.08% / 0.89%, Axis Hybrid Fund - Series 28 : 2.09% / 0.90%, Axis Hybrid Fund - Series 29 : 2.23% / 1.04%, Axis Hybrid Fund - Series 30 : 2.18% / 0.99%, Axis
Hybrid Fund - Series 31 : 2.10% / 0.80%, Axis Hybrid Fund - Series 32 : 2.07% / 0.77%, Axis Hybrid Fund - Series 33 : 2.07% / 0.77%, Axis Hybrid Fund - Series 35 : 2.12%
/ 0.82%, Axis Liquid Fund : 0.15% / 0.10%, Axis Treasury Advantage Fund : 0.70% / 0.25%, Axis Banking & PSU Debt Fund : 0.45% / 0.20%, Axis Short Term Fund : 0.85% /
0.25%, Axis Dynamic Bond Fund : 1.30% / 0.55%, Axis Gilt Fund£ : 0.65% / 0.20%, Axis Strategic Bond Fund£ : 1.00% / 0.35%, Axis Gold ETF : 1.00% /-, Axis Nifty ETF: 0.07%
/ -, Axis Gold Fund* :1.00% / 0.15%, Axis Credit Risk Fund*£ : 1.45% / 0.30%, Axis Arbitrage Fund£ : 0.95% / 0.25%, Axis Corporate Debt Fund£ : 1.00% / 0.25%, Axis Regular
Saver*£ : 2.27% / 1.40%, Axis Long Term Equity Fund*: 1.77% / 1.07%, Axis Focused 25 Fund* : 2.03% / 1.32%, Axis Bluechip Fund*£ : 2.10% / 0.99%, Axis Triple Advantage
Fund* : 1.75% / 0.92%, Axis Midcap Fund*: 2.16% / 1.36%, Axis Equity Saver Fund* : 2.39% / 1.65%, Axis Small Cap Fund : 2.29% / 1.34%, Axis Children’s Gift Fund* : 2.32%
/ 0.95%, Axis Dynamic Equity Fund* : 2.06% / 0.85%, Axis Multi Cap Fund* : 2.07% / 0.86%, Axis Capital Protection Oriented Fund -Series 5: 2.25% / -, Axis Emerging Op-
portunities Fund - Series 1: 2.21% / 0.91%, Axis Emerging Opportunities Fund - Series 2: 1.99% / 0.69%, Axis Equity Advantage - 1 Fund* : 2.07% / 0.82%, Axis Equity Advan-
tage - 2 Fund : 2.50% / 0.90%, Capital Builder -1: 2.28% / 1.03%, Axis Fixed Maturity Plan - Series 64 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 92 : 0.19% / 0.13%
GST on Management fees to the above mentioned schemes will be charged over and above Total Expense Ratio.
*In addition to the rates mentioned a proportionate charge in respect of sales beyond T-30 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes
£
.
34
PRODUCT LABELLING
AXIS BLUECHIP FUND£ (An open ended equity scheme predominantly investing in large cap stocks)
This product is suitable for investors who are seeking*
l Capital appreciation over long term
l Investment in a diversified portfolio predominantly consisting of equity and equity related instruments of large cap companies
AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.)
l Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies
AXIS LONG TERM EQUITY FUND (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
l Capital appreciation & generating income over long term
l Investment in a diversified portfolio predominantly consisting of equity and equity related instruments
AXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks)
l 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)
l Capital appreciation over medium to long term
l Investment in a diversified portfolio consisting of equity and equity related instruments across market capitalization.
AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold)
l Capital appreciation & generating income over long term Riskometer
l Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded funds
AXIS REGULAR SAVER FUND£ y Moderate Mod
(An open ended hybrid scheme investing predominantly in debt instruments) tel e
This product is suitable for investors who are seeking*£ d era w Hig rate
l Capital appreciation while generating income over medium to long term Mo Lo h ly
l Investment in debt and money market instruments as well as equity and equity related instruments
AXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold)
High
Low
l Capital Appreciation over medium to long term
l Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking error LOW HIGH
AXIS GOLD FUND (An open ended fund of fund scheme investing in Axis Gold ETF) Investors understand that their principal will be
This product is suitable for investors who are seeking* at moderately high risk
l Capital Appreciation over medium to long term
l Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking error
AXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt)
l Capital Appreciation while generating income over medium to long term
l 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 instruments
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))
This product is suitable for investors who are seeking*£
l Capital appreciation & generating income over long term
l Investment in debt and money market instruments as well as equity and equity related instruments
AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund)
l Capital appreciation & generating income over medium to long term
l Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset
allocation
AXIS NIFTY ETF FUND (An open ended Scheme replicating/ tracking Nifty 50 Index)
l Capital appreciation over medium to long term
l Investments in Equity & Equity related instruments covered by Nifty 50 Index
AXIS GILT FUND£ (An open ended debt scheme investing in government securities across maturity)
This product is suitable for investors who are seeking*£
l Credit risk free returns over medium to long term
l Investment mainly in Government securities across maturities
AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) Riskometer
l Optimal returns over medium to long term M
ely Moderate ode
l To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instruments rat Hig rate
o de ow h ly
AXIS CORPORATE DEBT FUND£ (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) M L
l Regular income over short to medium - term
High
Low
l Predominantly investing in corporate debt

AXIS 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) LOW HIGH
l Optimal returns over medium term Investors understand that their principal will be
l Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity at moderate risk
AXIS ARBITRAGE FUND£ (An open ended scheme investing in arbitrage opportunities)
l Income over short to medium term
l 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)
l Stable returns in the short to medium term
l 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) Riskometer
l Regular income while maintaining liquidity over short term y Moderate Mod
el
l Investment in debt and money market instruments rat e
Hig rate
de
AXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Mo Low h ly
Undertakings & Public Financial Institutions)
High
Low
l Regular income over short to medium term

l Investment in debt and money market instruments issued by banks, PFIs & PSUs
LOW HIGH
AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay
Investors understand that their principal will be
duration of the portfolio is between 6 to 12 months) at moderately low risk
l Regular income over short term
l Investment in debt and money market instruments
AXIS LIQUID FUND (An open ended liquid scheme) Riskometer
Mo
l Regular income over short term ely Moderate de
l Investment in debt and money market instruments rat Hig rate
de
Mo Low h ly
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them
High
Low
LOW HIGH
Investors understand that their principal will be
at low risk
35

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MONTHLY FACTSHEET - MAY, 2018

How To Read A Factsheet 5

Load Structure And Minimum Investment Amount 31

4,216.99 Cr. Bajaj Finance Limited 6.13

PERFORMANCE (as on 31st May 2018) INDUSTRIAL PRODUCTS 5.08

Axis Focused 25 Fund - Growth

Dividend (` Per unit) NAV NAV V-Guard Industries Limited 2.27

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK

1,424.94 Cr. Gruh Finance Limited 7.85

Axis Midcap Fund - Growth INDUSTRIAL CAPITAL GOODS 3.56

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK

STATISTICAL MEASURES BANKS 17.77

DIVIDENDS Textile Products 1.07

7.83% 2.18% 6.25%

Key Events During the Month

AS ON 31st MAY’18 Fund Index BANKS 17.27

AS ON 31st MAY’18 Fund Index TOTAL MONEY MARKET INSTRUENTS^ 35.93

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK

5,735.37Cr. Index Power Finance Corporation Limited CRISIL AAA 11.48

* LIC Housing Finance Limited CRISIL AAA 3.74

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK

217.26 Cr. GOVERNMENT BOND SOVEREIGN 39.30

CORPORATE BOND 28.26

Reliance Jio Infocomm Limited CRISIL AAA 8.91

Punjab National Bank IND A+ 4.91

India Infrastructure Fin Co Ltd CRISIL AAA 1.24

Current Value of `10,000 invested Solstice Trust ICRA A+(SO) 1.12

AS ON 31st MAY’18 Bond Fund Index TOTAL DEBT 57.86

UPL Limited BWR AA+ 6.55

Small Industries Dev Bank of India CARE AAA 3.09

Renew Power Venture Pvt Limited CARE A+ 2.91

Magma Fincorp Limited ICRA AA- 1.61

HDFC Bank Limited CARE A1+ 4.61

Sansar Trust ICRA AAA(SO) 0.76

NET CURRENT ASSETS 2.73

NET ASSETS 100%

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK RATING % OF ASSETS

AS ON 31st MAY’18 Bond Fund Index CORPORATE BOND

1,455.98 Cr. Dewan Housing Finance Corporation Limited

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK

AS ON 31st MAY’18 Bond Fund Index CORPORATE BOND 69.61

PORTFOLIO YIELD (YIELD TO MATURITY&)

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

If redeemed / switched-out within 12 months from the date of allotment:-

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK RATING % OF ASSETS

8.20% GOI Sovereign 7.43

7.61% GOI Sovereign 7.11

8.60% GOI Sovereign 4.82

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

* Includes Net Current Assets

PERFORMANCE (as on 31st May 2018)

Current Value of `10,000 invested

Axis Gilt Fund£ - Growth

Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - -

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK

Tata Sons Ltd CRISIL AAA 3.86

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

PERFORMANCE (as on 31st May 2018)

Cuurent Value of `10,000 invested

Quick Take - Equity

7.83% Quick Take - Fixed Income

Source: Bloomberg, Axis MF Research.

DATE OF ALLOTMENT MONTHLY AVERAGE BENCHMARK RATING % OF ASSETS