SIP PERFORMANCE OF SELECT SCHEMES (as on 30 th December 2016)

Transcription

1 January 2017

2 SIP PERFORMANCE OF SELECT SCHEMES (as on 30 th December ) 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 Equity Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested (Rs) 8,30,000 6,00,000 3,60,000 1,20,000 Market value as on December 30, (Rs) 11,49,443 7,53,963 3,68,359 1,14,913 Returns (Annualised) 9.26% 9.07% 1.50% -7.78% Benchmark Returns (Annualised) 7.39% 7.69% 2.79% 1.61% Additional Benchmark Returns (Annualised) 6.83% 6.98% 1.73% 1.18% ^ Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE Sensex. Date: Jan 05, 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 SIP Investments SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested (Rs) 8,40,000 6,00,000 3,60,000 1,20,000 Market value as on December 30, (Rs) 15,53,132 9,34,191 4,06,825 1,17,184 Returns (Annualised) 17.25% 17.76% 8.11% -4.33% Benchmark Returns (Annualised) 8.50% 12.15% 4.83% 2.78% Additional Benchmark Returns (Annualised) 7.37% 10.30% 2.79% 1.61% ^ Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50. Date: Dec 29, 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 SIP Investments SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested (Rs) 7,00,000 6,00,000 3,60,000 1,20,000 Market value as on December 30, (Rs) 11,40,564 9,01,608 3,96,027 1,16,899 Returns (Annualised) 16.63% 16.31% 6.30% -4.77% Benchmark Returns (Annualised) 16.04% 16.97% 13.36% 5.37% Additional Benchmark Returns (Annualised) 7.79% 7.69% 2.79% 1.61% ^ Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap. Additional Benchmak: Nifty 50. Date: Feb 18, This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by him. Axis Focused 25 Fund - Growth Option SIP Investments SIP 3 Year SIP 1 Year SIP Total Amount Invested (Rs) 5,40,000 3,60,000 1,20,000 Market value as on December 30, (Rs) 6,99,533 4,05,439 1,21,463 Returns (Annualised) 11.49% 7.88% 2.27% Benchmark Returns (Annualised) 6.93% 2.79% 1.61% Additional Benchmark Returns (Annualised) 8.88% 4.83% 2.78% ^ Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE 200. Date: Jun 29, 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 SIP 1 Year SIP Total Amount Invested (Rs) 1,70,000 1,20,000 Market value as on December 30, (Rs) 1,72,525 1,20,835 Returns (Annualised) 1.99% 1.30% Benchmark Returns (Annualised) 10.87% 11.49% Additional Benchmark Returns (Annualised) 1.51% 1.61% ^ Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended Index. Additional Benchmak: Nifty 50. Date: August 14,. This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them. 1 Axis Triple Advantage Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested (Rs) 7,60,000 6,00,000 3,60,000 1,20,000 Market value as on December 30, (Rs) 9,42,491 7,01,359 3,84,353 1,19,538 Returns (Annualised) 6.71% 6.18% 4.30% -0.71% Benchmark Returns (Annualised) 6.73% 6.45% 5.71% 2.51% Additional Benchmark Returns (Annualised) 9.45% 10.21% 12.60% 15.95% ^ Returns greater than 1 year period are compounded annualized. Benchmark: 35% Nifty % CRISIL Composite Bond Fund Index + 30% INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. Date: Aug 23, This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them. Axis Income Saver - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested (Rs) 7,70,000 6,00,000 3,60,000 1,20,000 Market value as on December 30, (Rs) 10,16,266 7,44,969 3,97,700 1,21,562 Returns (Annualised) 8.53% 8.59% 6.58% 2.43% Benchmark Returns (Annualised) 9.79% 10.26% 10.48% 11.50% Additional Benchmark Returns (Annualised) 9.40% 10.21% 12.59% 15.90% ^ Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended Index. Additional Benchmak: CRISIL 10 year Gilt Index Date: Jul 16, 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)

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7 Investment Style Value Blend Growth Large Mid Small Market Cap An Open-ended Growth Scheme To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. 5 th January 2010 Mr. Shreyash Devalkar Work experience: 13 years 23 rd November LATEST NAV (`) as on Regular Plan Growth Company Name Rating % of Others 3.01 Bajaj Finance Limited CRISIL A Banks HDFC Bank Limited 8.61 Kotak Mahindra Bank Limited 5.38 State Bank of India 5.19 ICICI Bank Limited 5.05 IndusInd Bank Limited 2.58 Consumer Non Durables Asian Paints Limited 5.32 ITC Limited 3.25 Britannia Industries Limited 3.22 Finance Bajaj Finserv Limited 3.71 Cholamandalam Investment and Finance Company Limited 3.24 HDFC Limited 2.12 CRISIL Limited 1.55 Auto 9.91 Maruti Suzuki India Limited 6.15 Tata Motors Limited 3.76 Software 5.13 Infosys Limited 2.87 Tech Mahindra Limited 2.26 Pharmaceuticals 4.73 Lupin Limited 1.98 Sanofi India Limited 1.22 Sun Pharmaceuticals Industries Limited 0.98 Cadila Healthcare Limited 0.55 Company Name Rating % of Media & Entertainment 4.53 Zee Entertainment Enterprises Limited 4.53 Auto Ancillaries 4.19 Motherson Sumi Systems Limited 2.57 Endurance Technologies Limited 1.62 Gas 3.79 Indraprastha Gas Limited 2.18 Gujarat State Petronet Limited 1.61 Industrial Capital Goods 3.18 Bharat Electronics Limited 2.16 Siemens Limited 1.03 Petroleum Products 2.60 Indian Oil Corporation Limited 1.63 Gulf Oil Lubricants India Limited 0.97 Construction Project 2.23 Larsen & Toubro Limited 2.23 Industrial Products 2.14 Bharat Forge Limited 1.20 Cummins India Limited 0.94 Cement 2.13 UltraTech Cement Limited 2.13 Power 1.82 Torrent Power Limited 1.82 Telecom - Services 0.51 Bharti Airtel Limited 0.51 Total Equity Debt, Cash & Other Receivables 0.88 Net 100% ^Commercial Paper Nifty 50 1, Crore 1, Crore STATISTICAL MEASURES (3 years) Standard deviation 14.60% Beta 1.00 Sharpe Ratio* 0.50 *Risk-free rate assumed to be 6.25% (MIBOR as on ) Source: 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. Source: ACEMF TURNOVER* (1 year) 1.03 times * Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/Repo/FD/Margin FD/MFU/SLB are not considered. 5,000/1 (as on 30 th December ) SECTOR ALLOCATION (%) Dec 31, 2013 Return (%) Return Return (%) (%) date Axis Equity Fund - Growth 40.85% -1.24% -3.62% 9.10% 18,380 Nifty 50 (Benchmark) 31.39% -4.06% 3.01% 6.48% 15, Jan-10 S&P BSE Sensex (Additional Benchmark) 29.89% -5.03% 1.95% 6.03% 15,055 Calculations are based on Growth Option NAV. returns are calculated on ` 10 invested at. returns for Axis Equity Fund - Growth Option is calculated from 5 th January Shreyash Devalkar manages 2 schemes. Please refer to annexure on Page 23 for performance of all schemes managed by the fund manager. Banks Consumer Non Durables Finance Auto 9.91 Software 5.13 Pharmaceuticals 4.73 Media & Entertainment 4.53 Auto Ancillaries 4.19 Gas 3.79 Industrial Capital Goods 3.18 Petroleum Products 2.60 Construction Project 2.23 Industrial Products 2.14 Cement 2.13 Power 1.82 Telecom - Services /1 1,000/1 Entry load - Not applicable Exit load - 1% if Units are redeemed / switched-out within 12 months from the date of allotment (Effective from 1 st October 2013) Option Record Date Individuals/ HUF Others unit (Cum unit (Ex March 10, March 05, March 17, Face Value of units is ` 10 s disclosed above are since the of the fund. 6

8 Investment Style Value Blend Growth An Open-ended Growth Scheme To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. 29 th June 2012 Large Mid Small Market Cap Jinesh Gopani Work experience: 14 years 07 th June Company Name % of Finance Bajaj Finserv Limited 6.07 Cholamandalam Investment and Finance Company Limited 4.60 Bajaj Finance Limited 4.16 Gruh Finance Limited 4.10 Banks Kotak Mahindra Bank Limited 7.20 HDFC Bank Limited 6.30 RBL Bank Limited 2.60 Auto Ancillaries Bosch Limited 6.19 Motherson Sumi Systems Limited 4.74 Endurance Technologies Limited 2.57 WABCO India Limited 1.95 Industrial Products Cummins India Limited 4.46 Supreme Industries Limited 3.10 Bharat Forge Limited 2.59 Cement 6.78 Company Name % of Shree Cements Limited 6.78 Auto 6.71 Maruti Suzuki India Limited 6.71 Software 5.70 Tech Mahindra Limited 3.39 Info Edge (India) Limited 2.31 Textile Products 4.46 Page Industries Limited 4.46 Industrial Capital Goods 2.92 Siemens Limited 2.15 V-Guard Industries Limited 0.77 Chemicals 2.90 Pidilite Industries Limited 2.90 Consumer Non Durables 2.52 Nestle India Limited 2.52 Commercial Services 2.33 Quess Corp Limited 2.33 Total Equity Cash & Other Receivables 5.05 Net 100% LATEST NAV (`) as on Regular Plan Growth Nifty Crore Crore STATISTICAL MEASURES (3 years) Standard deviation 15.17% Beta 1.03 Sharpe Ratio* 0.80 *Risk-free rate assumed to be 6.25% (MIBOR as on ) Source: 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. Source: ACEMF TURNOVER* (1 year) 0.86 times * Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/Repo/FD/Margin FD/MFU/SLB are not considered. 5,000/1 100/1 1,000/1 Entry load - Not applicable Exit load - 1% if redeemed/ switched out within 1 year from the date of allotment. (w.e.f. 15 th May ) (as on 30 th December ) SECTOR ALLOCATION (%) Dec 31, 2013 Return (%) date Finance Banks Auto Ancillaries Industrial Products Cement 6.78 Auto 6.71 Software 5.70 Textile Products 4.46 Industrial Capital Goods 2.92 Chemicals 2.90 Consumer Non Durables 2.52 Commercial Services 2.33 Option Record Date Individuals/HUF Others unit (Cum unit (Ex March 10, February 25, Face Value of units is ` 10 s disclosed above are since the of the fund. CAGR (%) Axis Focused 25 Fund - Growth 38.75% 3.91% 4.56% 14.43% 18,360 Nifty 50 (Benchmark) 31.39% -4.06% 3.01% 10.22% 15, Jun-12 S&P BSE 200 (Additional Benchmark) 35.47% -1.48% 3.95% 11.63% 16,421 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Focused 25 Fund - Growth Option is calculated from 29 th June Jinesh Gopani manages 3 schemes. Please refer to annexure on Page 23 for performance of all schemes managed by the fund managers. 7

9 Investment Style Value Blend Growth An Open-ended Equity-Linked Savings Scheme with a 3 year lock in. Eligible investors in the Scheme (who are Assessee as per the ELSS Rules) are entitled to deductions of the amount invested in Units of the Scheme under Section 80C of the Income Tax Act, 1961 to such extent and subject to such conditions as may be notified from time to time. 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. 29 th December 2009 Jinesh Gopani Work experience: 14 years 1 st April 2011 LATEST NAV (`) as on Regular Plan Growth S&P BSE 200 Large Mid Small Market Cap 10, Crore 11, Crore STATISTICAL MEASURES (3 years) Standard deviation 14.17% Beta 0.91 Sharpe Ratio* 1.23 *Risk-free rate assumed to be 6.25% (MIBOR as on ) Source: 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. Source: ACEMF TURNOVER* (1 year) 1.40 times * Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/Repo/FD/Margin FD/MFU/SLB are not considered. 500/ / /500 Entry load - Not applicable Exit load - Nil Company Name % of Corporate Bond 0.68 LIC Housing Finance Limited CRISIL AAA 0.68 Others 1.70 Tata Capital Financial Services Ltd ICRA A Mahindra & Mahindra Financial Services Limited CRISIL A Finance HDFC Limited 5.76 Bajaj Finance Limited 3.47 Sundaram Finance Limited 2.60 Gruh Finance Limited 2.27 Cholamandalam Investment and Finance Company Limited 2.27 Multi Commodity Exchange of India Limited 1.86 Banks Kotak Mahindra Bank Limited 8.10 HDFC Bank Limited 7.85 Auto Ancillaries Motherson Sumi Systems Limited 4.25 Bosch Limited 3.24 WABCO India Limited 1.78 Endurance Technologies Limited 1.01 Auto 7.67 Maruti Suzuki India Limited 6.35 Eicher Motors Limited 1.32 Consumer Durables 5.30 TTK Prestige Limited 2.92 Symphony Limited 2.38 Pharmaceuticals 5.26 Sun Pharmaceuticals Industries Limited 2.42 IPCA Laboratories Limited 1.22 Cadila Healthcare Limited 1.09 Divi s Laboratories Limited 0.52 (as on 30 th December ) SECTOR ALLOCATION (%) Rating Dec 31, 2013 Company Name Rating % of Software 5.15 Tech Mahindra Limited 3.63 Info Edge (India) Limited 1.52 Industrial Products 4.80 Cummins India Limited 2.77 Astral Poly Technik Limited 1.20 Bharat Forge Limited 0.83 Chemicals 3.74 Pidilite Industries Limited 3.74 Construction Project 3.41 Larsen & Toubro Limited 3.41 Pesticides 3.28 PI Industries Limited 3.28 Consumer Non Durables 2.37 Nestle India Limited 2.37 Power 1.95 Torrent Power Limited 1.95 Transportation 1.58 Blue Dart Express Limited 0.93 Gujarat Pipavav Port Limited 0.65 Industrial Capital Goods 1.01 Siemens Limited 1.01 Commercial Services 0.99 Quess Corp Limited 0.99 Telecom - Equipment & Accessories 0.70 Astra Microwave Products Limited 0.70 Textile Products 0.52 Page Industries Limited 0.52 Other Equity (less than 0.50% of the corpus) 1.21 Total Equity Debt, Cash & Other Receivables 4.21 Net 100% ^Commercial Paper Finance Banks Auto Ancillaries Auto 7.67 Pharmaceuticals 5.52 Consumer Durables 5.30 Software 5.15 Industrial Products 4.80 Chemicals 3.74 Construction Project 3.41 Pesticides 3.28 Consumer Non Durables 2.55 Power 1.95 Transportation 1.58 Industrial Capital Goods 1.44 Commercial Services 0.99 Telecom - Equipment & Accessories 0.70 Textile Products 0.52 Option Record Date Individuals/ unit (Cum Others HUF January 25, Regular January 22, January 6, Face Value of units is ` 10 s disclosed above are since the of the fund. date Axis Long Term Equity Fund - Growth 66.18% 6.70% -0.69% 17.19% 30,400 S&P BSE 200 (Benchmark) 35.47% -1.48% 3.95% 7.08% 16, Dec-09 Nifty 50 (Additional Benchmark) 31.39% -4.06% 3.01% 6.72% 15,778 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Long Term Equity Fund - Growth Option is calculated from 29 th December 2009 Jinesh Gopani manages 3 schemes. Please refer to annexure on Page 23 for performance of all schemes managed by the fund manager. 8

10 Investment Style Value Blend Growth An Open-ended Equity Scheme. To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category. 18 th February 2011 Large Mid Small Market Cap Shreyash Devalkar Work experience: 13 years 23 rd November LATEST NAV (`) as on Regular Plan Growth S&P BSE Midcap 1, Crore 1, Crore STATISTICAL MEASURES (3 years) Standard deviation 18.92% Beta 1.04 Sharpe Ratio* 0.97 *Risk-free rate assumed to be 6.25% (MIBOR as on ) Source: 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. Source: ACEMF TURNOVER* (1 year) 0.84 times * Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/Repo/FD/Margin FD/MFU/SLB are not considered. 5,000/1 100/1 1,000/1 Entry load - Not applicable Exit load - 1% if redeemed / switched - out within 12 months from the date of allotment (w.e.f. 5 th May ) Company Name % of Rating Corporate Bond 1.88 HDFC Limited CRISIL AAA 1.88 Finance Gruh Finance Limited 7.08 Bajaj Finserv Limited 5.10 Cholamandalam Investment and Finance Company Limited 5.06 Sundaram Finance Limited 3.44 CRISIL Limited 3.07 Multi Commodity Exchange of India Limited 2.92 Auto Ancillaries Motherson Sumi Systems Limited 4.60 Endurance Technologies Limited 2.64 WABCO India Limited 2.32 Amara Raja Batteries Limited 2.13 Igarashi Motors India Limited 1.86 Consumer Non Durables 7.96 Procter & Gamble Hygiene and Health Care Limited 3.58 Berger Paints (I) Limited 2.89 Britannia Industries Limited 1.49 Media & Entertainment 7.61 PVR Limited 4.02 Zee Entertainment Enterprises Limited 3.59 Industrial Products 5.52 Supreme Industries Limited 2.43 AIA Engineering Limited 2.00 Cummins India Limited 1.09 Banks 5.09 City Union Bank Limited 5.09 (as on 30 th December ) SECTOR ALLOCATION (%) Option Record Date Dec 31, 2013 Individuals/ HUF Company Name % of Rating Textile Products 4.74 Page Industries Limited 4.74 Auto 4.11 V.S.T Tillers Tractors Limited 3.02 Eicher Motors Limited 1.09 Power 3.27 Torrent Power Limited 3.27 Industrial Capital Goods 2.85 V-Guard Industries Limited 2.85 Pharmaceuticals 2.51 Torrent Pharmaceuticals Limited 1.91 Cadila Healthcare Limited 0.60 Petroleum Products 2.42 Gulf Oil Lubricants India Limited 2.42 Pesticides 2.31 UPL Limited 2.31 Software 2.30 Tech Mahindra Limited 1.35 Info Edge (India) Limited 0.95 Consumer Durables 1.62 Blue Star Limited 1.62 Transportation 1.54 Blue Dart Express Limited 1.54 Construction 0.98 ITD Cementation India Limited 0.98 Other Equity (less than 0.50% of the corpus) 0.50 Total Equity Debt, Cash & Other Receivables 2.57 Net 100% Others Finance Auto Ancillaries Consumer Non Durables 7.96 Media & Entertainment 7.61 Industrial Products 5.52 Banks 5.09 Textile Products 4.74 Auto 4.11 Power 3.27 Industrial Capital Goods 2.85 Pharmaceuticals 2.51 Petroleum Products 2.42 Pesticides 2.31 Software 2.30 Consumer Durables 1.62 Transportation 1.54 Construction 0.98 Cement 0.50 unit (Cum unit (Ex Sep 15, Sep 10, July 31, Face Value of units is ` 10 s disclosed above are since the of the fund. date Axis Midcap Fund - Growth 76.55% 0.85% -3.11% 16.31% 24,270 S&P BSE Midcap (Benchmark) 54.69% 7.43% 7.97% 10.60% 18, Feb-11 Nifty 50 (Additional Benchmark) 31.39% -4.06% 3.01% 7.15% 14,995 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Midcap Fund - Growth Option is calculated from 18 th February 2011 Shreyash Devalkar manages 2 schemes. Please refer to annexure on Page 23 for performance of all schemes managed by the fund manager. 9

11 AXIS EQUITY SAVER FUND Asset Class Equity Debt Equity Arbitrage Mid Duration *Hedged Equity/ Cash-futures arbitrage An Open-ended Equity Scheme 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. 14 th August Anupam Tiwari Work experience: 10 years 06 th October R. Sivakumar Work experience: 16 years LATEST NAV (`) as on Regular Plan Growth Monthly Quarterly Crisil MIP Blended Fund Index AVERAGE * 4.9 years Crore Crore Total Debt Total Fixed Deposit 3.26 Corporate Bond Reliance Jio Infocomm Limited CRISIL AAA 3.10 Cholamandalam Investment and Finance Company Limited ICRA AA 2.71 HDFC Limited CRISIL AAA 2.70 Power Finance Corporation Limited CRISIL AAA 1.39 Dewan Housing Finance Corporation Limited BWR AAA 1.21 Ujjivan Financial Services Limited ICRA A Adani Properties Pvt. Ltd. BWR AA-(SO) 0.36 Indiabulls Housing Finance Limited CARE AAA 0.36 Power Grid Corporation of India Limited CRISIL AAA 0.32 Government Bond Sovereign Zero Coupon Bond 6.81 JM Financial Products Ltd ICRA AA 2.40 Sprit Textile Pvt. Ltd.^^ BWR A+(SO) 1.95 Amri Hospitals Ltd BWR A+(SO) 1.25 Tata Motors Finance Ltd CRISIL AA 1.21 Total Equity Total Unhedged Equity Auto 4.16 Maruti Suzuki India Limited 2.06 Tata Motors Limited 2.10 Auto Ancillaries 2.06 Motherson Sumi Systems Limited 2.06 Banks 4.89 HDFC Bank Limited 1.81 Kotak Mahindra Bank Limited 2.45 State Bank of India 0.63 Cement 2.05 Shree Cements Limited 2.05 Chemicals 1.48 Pidilite Industries Limited 1.48 Consumer Durables 2.71 Symphony Limited 2.02 TTK Prestige Limited 0.70 Consumer Non Durables 3.07 Asian Paints Limited 0.53 Britannia Industries Limited 1.32 Nestle India Limited 1.22 Finance 9.63 Bajaj Finance Limited 0.94 Cholamandalam Investment and Finance Company Limited 2.45 (as on 30 th December ) Dec 31, 2013 HDFC Limited 3.11 Multi Commodity Exchange of India Limited 1.13 Sundaram Finance Limited 2.00 Industrial Capital Goods 0.78 Siemens Limited 0.78 Industrial Products 2.65 Astral Poly Technik Limited 0.78 Cummins India Limited 1.87 Pesticides 1.58 PI Industries Limited 1.58 Petroleum Products 0.93 Indian Oil Corporation Limited 0.93 Pharmaceuticals 1.86 Natco Pharma Limited 0.39 Sun Pharmaceuticals Industries Limited 1.46 Power 2.13 Torrent Power Limited 2.13 Software 1.35 Tech Mahindra Limited 1.35 Telecom - Equipment & Accessories 0.58 Astra Microwave Products Limited 0.58 Total Hedged Equity ITC Limited 0.49 Century Textiles & Industries Limited 0.13 IDFC Bank Limited 0.33 Tata Consultancy Services Limited 1.41 Sun Pharmaceuticals Industries Limited 0.83 IDFC Limited 0.14 Cipla Limited 0.68 Tata Motors Limited 0.24 Reliance Industries Limited 6.20 Reliance Capital Limited 0.24 Infosys Limited 3.44 Indiabulls Housing Finance Limited 0.04 Britannia Industries Limited 0.14 Asian Paints Limited 1.08 HDFC Limited 2.74 HDFC Bank Limited 4.35 Tata Motors Limited 0.89 Debt, Cash & Other Receivables 1.22 Net 100% ^^ Secured by shares of Zee Entertainment Enterprises Ltd. & Dish TV India Ltd 6.32% date Axis Equity Saver Fund - Growth % 2.09% 10, Aug- CRISIL MIP Blended Index (Benchmark) % 9.49% 11, Nifty 50 (Additional Benchmark) % -2.84% 9,609 Calculations are based on Growth Option NAV. returns are calculated on ` 10 invested at. returns for Axis Equity Saver Fund - Growth Option is calculated from 14 th August. Anupam Tiwari manages 2 schemes & R. Sivakumar manages 5 schemes. Please refer to annexure on Page 23 & 25 for performance of all schemes managed by the fund managers. COMPOSITION BY ASSET (%) COMPOSITION BY RATING 3.80% 0.36% 23.37% 10.68% MODIFIED * 3.3 years YIELD (YIELD TO MATURITY & ) 7.53% 5000/1 100/1 1000/1 Entry load - NA Exit load - If redeemed / switched-out within 12 months from the date of allotment, - For 10% of investments : NIL - For remaining investment : 1% If redeemed / switched - out after 12 months from the date of allotment : NIL Unhedged Equity Debt, Cash and Other Receivables Hedged Equity Option Monthly 34.72% Record Date 41.90% Individuals/ HUF Others 10.31% SOV CRISIL AAA/ CARE AAA/ BWR AAA & Equivalent ICRA AA/ CRISIL AA BWR A+(SO)/ ICRA A+ BWR AA-(SO) unit (Cum unit (Ex Dec 05, Nov 02, Sep 26, Quarterly Sep 26, Face Value of units is ` 10 s disclosed above are since the of the 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. 10

12 Equity Total Debt Auto 2.53 Corporate Bond Eicher Motors Limited 1.31 Debt Reliance Gas Transportation Maruti Suzuki India Limited 1.22 Infrastructure Ltd CRISIL AAA 7.51 Consumer Non Durables 2.24 Rural Electrification ITC Limited 1.13 Gold Corporation Limited CRISIL AAA 6.47 Asian Paints Limited 1.11 Tata Power Company Limited CRISIL AA Construction Project 1.77 Hindalco Industries Limited CRISIL AA Larsen & Toubro Limited 1.77 Mid Power Finance Corporation Limited CRISIL AAA 1.13 Consumer Durables 1.67 Duration India Infrastructure Fin Co Ltd CRISIL AAA 0.89 Blue Star Limited 1.67 Government Bond Sovereign Pharmaceuticals 1.43 Total Equity Sun Pharmaceuticals Industries Limited 0.83 An Open-ended Hybrid Fund Banks 7.52 Cadila Healthcare Limited 0.60 Kotak Mahindra Bank Limited 2.77 Transportation 1.42 HDFC Bank Limited 2.68 Blue Dart Express Limited 0.73 To generate long term capital appreciation by ICICI Bank Limited 2.07 Container Corporation of India Limited 0.69 investing in a diversified portfolio of equity and Finance 5.64 Industrial Products 1.42 equity related instruments, fixed income instruments HDFC Limited 2.39 Cummins India Limited 1.42 & gold exchange traded funds. Bajaj Finance Limited 1.00 Cement 1.21 Gruh Finance Limited 0.98 Shree Cements Limited 1.21 Max Financial Services Limited 0.74 Pesticides 1.21 Cholamandalam Investment and PI Industries Limited rd August 2010 Finance Company Limited Auto Ancillaries Power Torrent Power Limited WABCO India Limited 0.97 Industrial Capital Goods 0.78 Motherson Sumi Systems Limited 0.93 Siemens Limited 0.78 R. Sivakumar Amara Raja Batteries Limited 0.79 Ferrous Metals 0.76 Work experience: 16 years Endurance Technologies Limited 0.58 Tata Steel Limited 0.76 He has been managing the fund since Software 2.80 Exchange Traded Funds th Info Edge (India) Limited 0.97 Axis Gold ETF September 2010 Tech Mahindra Limited 0.93 Net Current 2.11 Ashish Naik Work experience: 10 years Infosys Limited 0.90 Net 100% Dec 31, nd June (as on 30 th December ) LATEST NAV (`) as on date Regular Plan Growth Axis Triple Advantage Fund - Growth 17.16% -0.51% 7.12% 7.45% 15, % of Nifty % of Crisil Composite Bond 23-Aug % -0.32% 9.66% 7.58% 15,917 Fund Index + 30% Of INR Price of Gold (Benchmark) 10 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 8.02% 16,328 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Triple Advantage Fund - Growth Option is calculated from 23 35% of Nifty % of Crisil Composite Bond Fund August 2010 R. Sivakumar manages 5 schemes & Ashish Naik manages 3 schemes. Please refer to annexure on Page 23 & 24 for performance of all Index + 30% Of INR Price of Gold schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Asset Class Crore Crore AVERAGE * 8.8 years MODIFIED * 5.5 years YIELD (YIELD TO MATURITY & ) 7.63% 5,000/1 100/1 1,000/1 Entry load - Not applicable 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 (w.e.f. 15 th June ) Equity Debt^ ETFs ^ Includes Net Current COMPOSITION BY ASSET (%) 27.91% 35.55% 36.54% COMPOSITION BY RATING 10.39% CRISIL AAA & Equivalent SOV CRISIL AA % Option Record Date Individuals/HUF Others unit (Cum unit (Ex April 17, September 17, September 21, Past performance may or may not be sustained in future. Face Value of units is ` 10. s disclosed above are since the of the 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. 7.05% 11

13 Asset Class Equity Debt Equity Arbitrage Mid Duration An Open-ended Income Fund To generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation. 16 th July 2010 Devang Shah Work experience: 11 years 07 th June Jinesh Gopani Work experience: 14 years 2 nd September 2013 Ashish Naik Work experience: 10 years 22 nd June LATEST NAV (`) as on Regular Plan Growth Quarterly Half yearly Annual Crisil MIP Blended Fund Index Crore Crore AVERAGE * 1.5 years MODIFIED * 1.2 years YIELD (YIELD TO MATURITY & ) 7.26% 5,000/1 100/1 1,000/1 Entry load - Not applicable 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 (w.e.f. 15 th June ) 12 Total Debt Corporate Bond Power Finance Corporation Limited CRISIL AAA Rural Electrification Corporation Limited CRISIL AAA 5.74 NABARD CRISIL AAA 5.19 IDFC Bank Limited ICRA AAA 3.57 Mahindra & Mahindra Financial Services Limited IND AAA 3.56 Nirchem Cement Limited CRISIL AA 2.88 Tata Sons Ltd CRISIL AAA 2.49 SRF Limited IND AA 1.54 Reliance Jio Infocomm Limited CRISIL AAA 1.46 Cholamandalam Investment and Finance Company Limited ICRA AA 1.44 Export Import Bank of India CRISIL AAA 1.42 HDFC Limited CRISIL AAA 0.81 LIC Housing Finance Limited CRISIL AAA 0.43 Adani Properties Pvt. Ltd. BWR AA-(SO) 0.43 Adani Ports and Special Economic Zone Limited ICRA AA Blue Dart Express Limited ICRA AA 0.02 Zero Coupon Bond SVL Ltd. ICRA AA 4.36 JM Financial Products Ltd ICRA AA 2.35 Dev Infracity Pvt Ltd** IND AA-(SO) 2.34 Sprit Textile Pvt. Ltd.^^ BWR A+(SO) 2.12 India Infoline Finance Ltd ICRA AA(SO) 1.82 Dewan Housing Finance Corporation Limited CARE AAA 0.17 Shriram Transport Finance Company Limited IND AA Total Money Market Instruments^ Banks Canara Bank CRISIL A ICICI Bank Limited ICRA A IDBI Bank Limited CRISIL A Punjab & Sind Bank ICRA A Others 5.50 HDFC Limited ICRA A Piramal Finance Private Limited ICRA A Total Equity Finance 3.54 HDFC Limited 1.35 Cholamandalam Investment and Finance Company Limited 0.75 Bajaj Finance Limited 0.72 (as on 30 th December ) Debt^ Equity ^ Includes Net Current Option Annual Half Yearly Quarterly 24.57% COMPOSITION BY ASSET (%) Record Date Dec 31, % Individuals/ HUF Others Face Value of units is ` 10 Annual s disclosed above are since. Half Yearly s disclosed above are for the last 2 Years. Quarterly s disclosed above are for the last 3 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. Multi Commodity Exchange of India Limited 0.72 Auto Ancillaries 3.08 Motherson Sumi Systems Limited 1.01 Amara Raja Batteries Limited 0.77 WABCO India Limited 0.66 Endurance Technologies Limited 0.64 Banks 3.01 HDFC Bank Limited 1.82 Kotak Mahindra Bank Limited 1.18 Auto 2.74 Maruti Suzuki India Limited 1.02 Eicher Motors Limited 1.01 Tata Motors Limited 0.71 Cement 1.49 Shree Cements Limited 0.76 JK Lakshmi Cement Limited 0.73 Consumer Non Durables 1.45 Nestle India Limited 0.77 Asian Paints Limited 0.69 Transportation 1.35 Blue Dart Express Limited 0.79 Container Corporation of India Limited 0.56 Pesticides 0.86 PI Industries Limited 0.86 Chemicals 0.79 Pidilite Industries Limited 0.79 Textile Products 0.76 Page Industries Limited 0.76 Industrial Products 0.72 Cummins India Limited 0.72 Media & Entertainment 0.68 Zee Entertainment Enterprises Limited 0.68 Pharmaceuticals 0.67 Lupin Limited 0.67 Industrial Capital Goods 0.52 V-Guard Industries Limited 0.52 Other Equity (less than 0.50% of the corpus) 2.91 Net Current 2.47 Net 100% ^Certificate of Deposit/Commercial Paper ** Secured by shares of Emami Ltd ^^ Secured by shares of Zee Entertainment Enterprises Ltd. & Dish TV India Ltd COMPOSITION BY RATING 14.40% 2.12% 0.28% 2.76% 55.87% ICRA A1+/ CRISIL A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND AAA & Equivalent ICRA AA/ CRISIL AA/ ICRA AA(SO)/ IND AA IND AA-(SO)/ BWR AA-(SO) BWR A+(SO) ICRA AA+/ IND AA+ unit (Cum date unit (Ex March 28, March 25, March 25, March 25, September 26, March 28, September 28, March 25, December 26, September 26, June 27, Axis Income Saver - Growth 20.68% 6.27% 4.19% 8.06% 16,500 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 8.72% 17, Jul-10 CRISIL 10 year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 7.60% 16,059 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Income Saver - Growth Option is calculated from 16 th July Jinesh Gopani manages 3 schemes, Devang Shah manages 46 schemes & Ashish Naik manages 3 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.

14 Internal Rate Sensitivity Med Mid Credit Quality An Open-ended Gilt Scheme To generate returns similar to that of 10 year government bonds. 23 rd January 2012 Devang Shah Work experience: 11 years 5 th November LATEST NAV (`) as on Regular Plan Growth Regular Half yearly Bonus - Company Name % of Total Debt Government Bond % GOI % GOI % GOI % GOI % GOI % GOI % GOI % GOI % GOI % GOI % GOI 0.69 Net Current 6.76 Net 100% (as on 30 th December ) COMPOSITION BY ASSET (%) 6.76% Dec 31, 2013 ` 10,000 was invested on date Axis Constant Maturity 10 Year Fund - Growth 14.97% 6.33% 13.74% 8.12% 14,708 COMPOSITION BY RATING 23-Jan-12 Crisil 10 Year Gilt Index (Benchmark) 14.14% 7.39% 14.97% 8.59% 15,027 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Constant Maturity 10 Year Fund - Growth Option is calculated from 23 rd January Devang Shah manages 46 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund manager. Crisil 10 Year Gilt Index Crore Crore AVERAGE MATURITY 9.7 years MODIFIED DURATION 6.3 years YIELD (YIELD TO MATURITY & ) 6.61% 5,000/1 100/1 Government Bond Total Money Market Instruments^ ^ Includes Net Current Option Half Yearly Regular Record Date 93.24% Individuals/ HUF Others % SOV & Equivalent unit (Cum unit (Ex September 26, March 28, September 28, January 25, December 26, November 25, Face Value of units is ` 10 Half yearly dividend disclosed above are since the of the fund. Regular dividends disclosed above are for the last 3 months. & 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. 1000/1 Entry load - Not applicable Exit load - Nil 13

15 Internal Rate Sensitivity Med Mid Credit Quality An Open-ended Debt Scheme To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. 27 th April 2011 R. Sivakumar Work experience: 16 years Devang Shah Work experience: 11 years 5 th November LATEST NAV (`) as on Regular Plan Growth Quarterly Half Yearly Total Debt Government Bond Sovereign Corporate Bond National ways Auth Of Ind CRISIL AAA 7.14 Reliance Gas Transportation Infrastructure Ltd CRISIL AAA 5.18 NTPC Limited CRISIL AAA 4.26 Cholamandalam Investment and Finance Company Limited ICRA AA 2.90 Rural Electrification Corporation Limited CRISIL AAA 1.52 Power Grid Corporation of India Limited CRISIL AAA 1.52 (as on 30 th December ) COMPOSITION BY ASSET (%) COMPOSITION BY RATING (%) 28.32% 0.94% 0.75% 7.33% Dec 31, 2013 Vedanta Limited CRISIL AA Dewan Housing Finance Corporation Limited BWR AAA 1.42 Tata Power Company Limited CRISIL AA India Infrastructure Fin Co Ltd CRISIL AAA 0.86 Adani Properties Pvt. Ltd. BWR AA-(SO) 0.85 Zero Coupon Bond 0.94 JM Financial Products Ltd ICRA AA 0.94 State Government Bond Sovereign 0.75 Net Current 7.33 Net 100% 29.23% 3.85% 3.52% date Axis Dynamic Bond Fund - Growth 14.06% 6.75% 13.40% 9.60% 16,837 Crisil Composite Bond Fund Index (Benchmark) 14.31% 8.63% 12.93% 9.48% 16,730 CRISIL 10 year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 8.27% 15, Apr- 11 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Dynamic Bond Fund - Growth Option is calculated from 27 th April R. Sivakumar manages 5 schemes & Devang Shah manages 46 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund managers. Crisil Composite Bond Fund Index 62.66% 63.41% Crore Crore AVERAGE MATURITY* 10.1 years MODIFIED DURATION* 6 years YIELD (YIELD TO MATURITY & ) 6.97% 5,000/1 100/1 Government Bond Corporate Bond Total Money Market Instruments^ Zero Coupon Bond State Government Bond ^ Includes Net Current Option Half Yearly Quarterly Record Date Individuals/ HUF Others SOV CRISIL AAA/ BWR AAA & Equivalent ICRA AA CRISIL AA-/ BWR AA-(SO) unit (Cum unit (Ex September 26, March 28, September 28, March 25, December 26, September 26, June 27, Face Value of units is ` 10 Half Yearly s disclosed above are for the last 2 Years. Quarterly s 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. 1000/1 Entry load - Not applicable Exit load - If redeemed/switched out within 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% If redeemed/switched out after 12 months from the date of allotment: Nil (w.e.f. 22 nd June ) 14

16 Internal Rate Sensitivity Med An Open-ended Debt Scheme To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. 28 th March 2012 Mid Credit Quality Devang Shah Work experience: 11 years 5 th November LATEST NAV (`) as on Regular Plan Growth Quarterly Half yearly Crisil Composite Bond Fund Index AVERAGE MATURITY* 4.9 years MODIFIED DURATION* 3.3 years YIELD (YIELD TO MATURITY & ) 8.32% 5,000/ Crore Crore 100/1 1,000/1 Entry load - Not applicable Exit load - If redeemed / switched-out within 12 months from the date of allotment For 10% of investment : Nil For remaining investment : 1% If redeemed/switched out after 12 months from the date of allotment : Nil (w.e.f. 30 th June ) Total Debt Corporate Bond Reliance Gas Transportation Infrastructure Ltd CRISIL AAA 5.42 Oriental Nagpur Betul way Limited CRISIL AAA(SO) 4.99 Reliance Jio Infocomm Limited CRISIL AAA 4.60 Birla Corporation Limited ICRA AA 4.53 Dewan Housing Finance Corporation Limited BWR AAA 4.49 Indiabulls Housing Finance Limited BWR AAA 4.48 NTPC Limited CRISIL AAA 4.47 Tata Power Company Limited CRISIL AA Cholamandalam Investment and Finance Company Limited ICRA AA 3.66 Hindalco Industries Limited CRISIL AA Hansdeep Industries & Trading Co. Ltd. CARE AA(SO) 3.20 PVR Limited CRISIL AA Power Grid Corporation of India Limited CRISIL AAA 2.39 Equitas Small Finance Bank Limited CARE A India Infoline Finance Ltd ICRA AA 2.25 (as on 30 th December ) Option Half Yearly Quarterly COMPOSITION BY ASSET (%) COMPOSITION BY RATING (%) 14.92% Corporate Bond Zero Coupon Bond Government Bond Total Money Market Instruments^ State Government Bond ^ Includes Net Current Record Date Dec 31, % Individuals/ HUF Others Ujjivan Financial Services Limited ICRA A JK Lakshmi Cement Limited CARE AA 2.23 Rural Electrification Corporation Limited CRISIL AAA 1.91 IndoStar Capital Finance Ltd CARE AA Adani Transmission Limited IND AA Power Finance Corporation Limited CRISIL AAA 1.24 Zero Coupon Bond Tata Motors Finance Ltd CRISIL AA 4.47 Adani Power Limited BWR AA-(SO) 3.58 Edelweiss Commodities Services Ltd CARE AA 2.33 Amri Hospitals Ltd BWR A+(SO) 2.31 Sprit Textile Pvt. Ltd.^^ BWR A+(SO) 2.23 Government Bond Sovereign 7.83 State Government Bond Sovereign 1.89 Net Current 7.18 Net 100% ^^ Secured by shares of Zee Entertainment Enterprises Ltd. & Dish TV India Ltd 7.18% 1.89% 1.80% 41.17% 7.83% 9.05% 15.59% CRISIL AAA/ BWR AAA/ CRISIL AAA(SO) & Equivalent ICRA AA / CRISIL AA/ CARE AA/ CARE AA(SO) CRISIL AA-/ BWR AA- (SO)/ CARE AA- SOV BWR A+(SO)/ CARE A+/ ICRA A+ IND AA+ unit (Cum 22.67% unit (Ex September 26, March 28, September 28, March 25, December 26, September 26, June 27, Face Value of units is ` 10 Half yearly dividend disclosed above are since the of the fund. Quarterly dividends disclosed above are for the last 3 Quarters. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus. 9.72% date Axis Income Fund - Growth 15.01% 6.76% 11.62% 9.61% 15, Mar- Crisil Composite Bond Fund Index (Benchmark) 14.31% 8.63% 12.93% 9.78% 15, Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 9.24% 15,233 Calculations are based on Growth Option NAV. returns is calculated on ` 10 invested at. returns for Axis Income Fund - Growth Option. Devang Shah manages 46 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund managers. 15

17 Internal Rate Sensitivity Med Mid Credit Quality An Open-ended Debt Scheme 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. 15 th July Devang Shah Work experience: 11 years. LATEST NAV (`) as on Regular Plan Growth Weekly Monthly Crisil Short Term Bond Fund Index AVERAGE MATURITY* 3.3 years MODIFIED DURATION* 2.4 years 1, Crore 1, Crore YIELD (YIELD TO MATURITY & ) 7.74% 5,000/1 100/1 1000/1 Total Debt Corporate Bond Power Finance Corporation Limited CRISIL AAA 9.36 LIC Housing Finance Limited CRISIL AAA 7.00 Reliance Jio Infocomm Limited CRISIL AAA 5.96 Power Grid Corporation of India Limited CRISIL AAA 3.52 Nirma Ltd CRISIL AA 3.40 Nirchem Cement Limited CRISIL AA 3.14 Cholamandalam Investment and Finance Company Limited ICRA AA 2.50 Birla Corporation Limited ICRA AA 2.50 Oriental Nagpur Betul way Limited CRISIL AAA(SO) 2.49 JK Lakshmi Cement Limited CARE AA 2.15 Dewan Housing Finance Corporation Limited BWR AAA 1.86 Ujjivan Financial Services Limited ICRA A Rural Electrification Corporation Limited CRISIL AAA 1.83 IndoStar Capital Finance Ltd CARE AA Hansdeep Industries & Trading Co. Ltd. CARE AA(SO) 1.45 Shriram Transport Finance Company Limited CRISIL AA India Infoline Finance Ltd ICRA AA 1.39 Indiabulls Housing Finance Limited BWR AAA 1.36 HDFC Limited CRISIL AAA 0.94 Adani Transmission Limited IND AA Adani Properties Pvt. Ltd. BWR AA-(SO) 0.92 Tata Motors Limited CARE AA ECL Finance Ltd ICRA AA 0.62 ICICI Bank Limited ICRA AAA 0.62 Tata Power Company Limited ICRA AA 0.56 NABARD CRISIL AAA 0.19 (as on 30 th December ) Option Monthly Record Date Individuals/ HUF Entry load - NA Exit load - For 30% of investment: Nil * For instruments with put/call option, the put/call date has been taken as the maturity date. For remaining investment: 1.5% if redeemed/ switched out within 1 year, 1% if redeemed/switched out after 1 year and upto 2 years, 0.5% if redeemed/ switched out after 2 years and upto 3 years from the date of allotment (w.e.f. 14th December ) AXIS FIXED INCOME OPPORTUNITIES FUND Tata Sons Ltd CRISIL AAA 0.19 IDFC Bank Limited ICRA AAA 0.06 Zero Coupon Bond Adani Power Limited BWR AA-(SO) 2.59 Amri Hospitals Ltd BWR A+(SO) 2.23 Tata Motors Finance Ltd CRISIL AA 1.85 SVL Ltd. ICRA AA(SO) 1.66 Dewan Housing Finance Corporation Limited CARE AAA 1.61 JM Financial Products Ltd ICRA AA 1.02 Sprit Textile Pvt. Ltd.^^ BWR A+(SO) 0.92 Edelweiss Commodities Services Ltd CARE AA 0.80 Dev Infracity Pvt Ltd** IND AA-(SO) 0.65 Cholamandalam Investment and Finance Company Limited ICRA AA 0.45 India Infoline Finance Ltd ICRA AA 0.37 Government Bond Sovereign State Government Bond Sovereign 3.77 Total Money Market Instruments^ 5.56 Banks 2.90 IDFC Bank Limited ICRA A Others 2.65 Barclays Invest & Loans India Ltd ICRA A IFMR Capital Finance Pvt Ltd ICRA A Net Current 4.61 Net 100% ^Certificate of Deposit/Commercial Paper ** Secured by shares of Emami Ltd ^^ Secured by shares of Zee Entertainment Enterprises Ltd. & Dish TV India Ltd COMPOSITION BY ASSET (%) COMPOSITION BY RATING (%) 11.32% 14.17% 10.16% 3.77% Corporate Bond Zero Coupon Bond Government Bond Total Money Market Instruments^ State Government Bond ^ Includes Net Current Dec 31, % ICRA A1+/ CRISIL AAA/ CARE AAA/ BWR AAA/ ICRA AAA/ IND AAA/ CRISIL AAA(SO) & Equivalent ICRA AA/CRISIL AA/CARE AA/ICRA AA(SO)/CARE AA(SO) SOV IND AA-(SO)/ CARE AA-/ BWR AA-(SO) BWR A+(SO)/ ICRA A+ CRISIL AA+/ CARE AA+/ IND AA+ unit (Cum unit (Ex & 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. Others 15.09% 5.73% 23.87% 5.00% 3.16% date 47.15% Jan 25, Dec 26, Nov 25, Face Value of units is ` 10 s disclosed above are since the of the fund. Axis Fixed Income Opportunities Fund - Growth % 9.79% 9.90% 12, Jul- CRISIL Short-Term Bond Fund Index (Benchmark) % 9.83% 9.53% 12, CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.93% 12,068 Calculations are based on Growth Option NAV. returns are calculated on ` 10 invested at. returns for Axis Fixed Income Opportunities Fund - Growth Option is calculated from 15 th July. Devang Shah manages 46 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund manager. 16

18 Internal Rate Sensitivity Med An Open-ended Debt Scheme 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. 22 nd January 2010 Devang Shah Work experience: 11 years 5 th November LATEST NAV (`) as on Regular Plan Retail Plan Growth Regular Monthly Bonus Weekly Mid Credit Quality Crisil Short Term Bond Fund Index 6, Crore 6, Crore Total Debt Corporate Bond Power Finance Corporation Limited CRISIL AAA Reliance Jio Infocomm Limited CRISIL AAA 7.90 HDFC Limited CRISIL AAA 6.46 NABARD CRISIL AAA 5.06 LIC Housing Finance Limited CRISIL AAA 4.61 Power Grid Corporation of India Limited CRISIL AAA 2.68 Rural Electrification Corporation Limited CRISIL AAA 2.52 Vodafone Mobile Services Ltd@ IND AAA 2.43 Indiabulls Housing Finance Limited BWR AAA 2.41 Tata Capital Financial Services Ltd CRISIL AA Dewan Housing Finance Corporation Limited BWR AAA 2.13 HDB Financial Services Ltd CRISIL AAA 2.01 Shriram Transport Finance Company Limited CRISIL AA National Housing Bank CRISIL AAA 1.51 Mahindra & Mahindra Financial Services Limited IND AAA 1.45 Tata Sons Ltd CRISIL AAA 1.21 Gruh Finance Limited ICRA AAA 1.20 Small Industries Dev Bank of India CARE AAA 1.19 Nirma Ltd CRISIL AA 1.12 State Bank of India CRISIL AAA 0.97 UPL Limited BWR AA Tata Capital Financial Services Ltd ICRA AA Cholamandalam Investment and Finance Company Limited ICRA AA 0.80 Oriental Nagpur Betul way Limited CRISIL AAA(SO) 0.72 L&T Infrastructure Finance Co Ltd CARE AA IDFC Bank Limited ICRA AAA 0.64 Indiabulls Housing Finance Limited CARE AAA 0.50 Dewan Housing Finance Corporation Limited CARE AAA 0.48 ICICI Bank Limited ICRA AAA 0.48 Emami Limited CRISIL AA Tata Motors Limited CARE AA Export Import Bank of India CRISIL AAA 0.42 Tata Power Company Limited ICRA AA 0.40 Rural Electrification Corporation Limited CARE AAA 0.34 (as on 30 th December ) Credit Risk Rating [ICRA]AAAmfs $ UltraTech Cement Limited CRISIL AAA 0.30 Bajaj Finance Limited CARE AAA 0.18 Daimler Financial Services India Pvt Ltd IND AAA 0.16 National ways Auth Of Ind CRISIL AAA 0.08 Mahindra Vehicle Mfg Ltd ICRA AAA 0.01 Indian Railway Finance Corp Ltd CRISIL AAA 0.01 Government Bond Sovereign State Government Bond Sovereign 5.26 Zero Coupon Bond 2.05 Dewan Housing Finance Corporation Limited CARE AAA 1.64 Indiabulls Housing Finance Limited CARE AAA 0.22 Mahindra & Mahindra Financial Services Limited IND AAA 0.18 Axis Finance Limited IND AAA 0.02 HDB Financial Services Ltd CRISIL AAA Total Money Market Instruments^ 7.62 Banks 3.59 IDFC Bank Limited ICRA A IDBI Bank Limited CRISIL A Corporation Bank CRISIL A IndusInd Bank Limited CRISIL A Andhra Bank CARE A Dena Bank CRISIL A Vijaya Bank CARE A Kotak Mahindra Bank Limited CRISIL A Punjab & Sind Bank ICRA A ICICI Bank Limited ICRA A Others 2.92 NABARD CRISIL A L&T Fincorp Limited CARE A Godrej Consumer Products Limited ICRA A Treasury Bill Days CMB bill Sovereign 1.11 Net Current 4.06 Net 100% ^Certificate of Deposit/Commercial Paper/Treasury Rated CRISIL AA by CRISIL, rating in process of withdrawal. COMPOSITION BY ASSET (%) COMPOSITION BY RATING (%) 10.48% 5.26% 2.05% Dec 31, % 2.31% date Axis Short Term Fund - Growth 10.04% 8.11% 9.64% 8.40% 17,510 Crisil Short Term Bond Fund Index (Benchmark) 10.47% 8.66% 9.83% 8.41% 17,518 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.77% 15,753 Axis Short Term Fund - Retail Plan - Growth 10.08% 8.10% 9.64% 8.36% 17,313 Crisil Short Term Bond Fund Index (Benchmark) 10.47% 8.66% 9.83% 8.51% 17,482 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.84% 15, Jan Mar- 10 Calculations are based on Growth Option NAV. returns are calculated on ` 10 invested at. returns for Axis Short Term Fund - Growth Option & Retail Plan - Growth Option are calculated from 22 nd January 2010 & 2 nd March 2010 respectively. Retail Plan was introduced on 2 nd March and has been discontinued from 1 st October Devang Shah manages 46 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund manager. AVERAGE MATURITY* 2.8 years MODIFIED DURATION* 2.2 years 11.68% 16.85% YIELD (YIELD TO MATURITY & ) 7.18% 5,000/1 1,000/1 1000/1 Entry load - Not applicable Exit load - NIL (w.e.f. 28 th August ) Corporate Bond Total Money Market Instruments^ Government Bond State Government Bond Zero Coupon Bond ^ Includes Net Current Option Record Date 70.53% ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND AAA/ BWR AAA / CRISIL AAA(SO) & Equivalent SOV CRISIL AA+/ CARE AA+/ ICRA AA+/ BWR AA+ ICRA AA/ CRISIL AA Retail Plan Individuals/ HUF Others unit (Cum unit (Ex unit (Cum Individuals/ HUF Others 73.55% unit (Ex Jan 25, Monthly Dec 26, Nov 25, Face Value of units is ` 10 s disclosed above are for the past 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. 17

19 Internal Rate Sensitivity Med Mid Credit Quality An Open-ended Debt Scheme 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. 8 th June 2012 Aditya Pagaria Work experience: 9 years 13 th August. LATEST NAV (`) as on Regular Plan Growth Daily Weekly Monthly Bonus - Crisil Short Term Bond Fund Index Total Debt Corporate Bond Rural Electrification Corporation Limited CRISIL AAA Power Finance Corporation Limited CRISIL AAA 9.88 NABARD CRISIL AAA 8.04 LIC Housing Finance Limited CRISIL AAA 4.05 Indiabulls Housing Finance Limited BWR AAA 4.00 Mahindra Rural Housing Finance IND AA HDFC Limited CRISIL AAA 2.90 Dewan Housing Finance Corporation Limited BWR AAA 2.58 Zero Coupon Bond 1.40 National Bank For Agriculture and Rural Development CRISIL AAA 1.40 Government Bond Sovereign 0.42 Total Money Market Instruments^ (as on 30 th December ) Credit Risk Rating [ICRA]AAAmfs $ Banks Kotak Mahindra Bank Limited CRISIL A Punjab & Sind Bank ICRA A IDFC Bank Limited ICRA A Corporation Bank CRISIL A HDFC Bank Limited CARE A IndusInd Bank Limited CRISIL A Andhra Bank CARE A Vijaya Bank CARE A IDBI Bank Limited CRISIL A Net Current 6.44 Net 100% ^ Certificate of Deposit COMPOSITION BY ASSET (%) COMPOSITION BY RATING (%) 1.40% 0.42% Dec 31, % 0.42% date Axis Banking & PSU Debt Fund - Growth 9.27% 8.50% 8.37% 8.79% 14,688 Crisil Short Term Bond Fund Index (Benchmark) 10.47% 8.66% 9.83% 9.29% 14,999 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 7.49% 13,908 CAGR (%) 08-Jun- 12 Calculations are based on Growth Option NAV. returns is calculated on ` 1,000 invested at. returns for Axis Banking & PSU Debt Fund - Growth Option is calculated from 8 th June Aditya Pagaria manages 3 schemes. Please refer to annexure on Page for performance of all schemes managed by the fund manager % Crore Crore 51.99% 95.60% AVERAGE MATURITY 1.1 years MODIFIED DURATION 0.9 years YIELD (YIELD TO MATURITY & ) 6.75% 5,000/1 1,000/1 1000/1 Total Money Market Instruments^ Corporate Bond Zero Coupon Bond Government Bond ^ Includes Net Current Option Monthly Record Date Individuals/ HUF Others ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ BWR AAA & Equivalent IND AA+ SOV unit (Cum unit (Ex Jan 25, , , Dec 26, , , Nov 25, , , Face Value of units is ` 1000 s disclosed above are for the past 3 months. & 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. Entry load - Not applicable Exit load - Nil (w.e.f. 14 th July ) 18

20 Internal Rate Sensitivity Med An Open-ended Debt Scheme 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. 9 th October 2009 Mid Credit Quality Devang Shah Work experience: 11 years 07 th June. Aditya Pagaria Work experience: 9 years 13 th August. LATEST NAV (`) as on Regular Plan Retail Plan Growth Daily Weekly Monthly Bonus - - Crisil Liquid Fund Index 2, Crore 2, Crore AVERAGE MATURITY* 176 days MODIFIED DURATION* 157 days YIELD (YIELD TO MATURITY & ) 6.91% 5,000/1 1,000/1 1000/1 Entry load - Not applicable Exit load - Nil Total Money Market Instruments^ Banks Punjab & Sind Bank ICRA A Corporation Bank CRISIL A Small Industries Dev Bank of India CARE A IDFC Bank Limited ICRA A IDBI Bank Limited CRISIL A ICICI Bank Limited ICRA A IndusInd Bank Limited CRISIL A Export Import Bank of India CRISIL A Andhra Bank CARE A Dena Bank CRISIL A The South Indian Bank Limited CARE A RBL Bank Limited ICRA A Kotak Mahindra Bank Limited CRISIL A Others Adani Transmission Limited IND A Cholamandalam Investment and Finance Company Limited ICRA A Adani Ports and Special Economic Zone Limited ICRA A L&T Fincorp Limited CARE A Family Credit Ltd CARE A Shapoorji Pallonji and Company Private Ltd ICRA A Birla Corporation Limited CRISIL A Vodafone India Ltd CRISIL A IFMR Capital Finance Pvt Ltd ICRA A Treasury Bill Days CMB bill Sovereign Days Tbill Sovereign 0.18 Total Debt Corporate Bond Power Finance Corporation Limited CRISIL AAA 4.73 National Housing Bank CRISIL AAA 4.72 (as on 30 th December ) Option Record Date Credit Risk Rating [ICRA]A1+mfs^ Indiabulls Housing Finance Limited BWR AAA 4.00 Export Import Bank of India CRISIL AAA 3.65 Tata Capital Financial Services Ltd CRISIL AA Citicorp Finance India Ltd ICRA AAA 2.72 NABARD CRISIL AAA 2.20 Emami Limited CRISIL AA LIC Housing Finance Limited CRISIL AAA 1.86 Reliance Jio Infocomm Limited CRISIL AAA 1.85 Piramal Finance Private Limited ICRA AA 1.83 HDFC Limited CRISIL AAA 1.81 Daimler Financial Services India Pvt Ltd IND AAA 1.46 Tata Motors Limited CARE AA Small Industries Dev Bank of India CARE AAA 1.20 Mahindra & Mahindra Financial Services Limited IND AAA 0.93 L&T Infrastructure Finance Co Ltd CARE AA HDB Financial Services Ltd CRISIL AAA 0.91 Indiabulls Housing Finance Limited CARE AAA 0.91 Tata Power Company Limited ICRA AA 0.91 Mahindra Rural Housing Finance IND AA Shriram Transport Finance Company Limited CRISIL AA Cholamandalam Investment and Finance Company Limited ICRA AA 0.55 India Infoline Finance Ltd ICRA AA 0.37 Rural Electrification Corporation Limited CRISIL AAA Zero Coupon Bond 4.56 Dewan Housing Finance Corporation Limited CARE AAA 2.95 JM Financial Products Ltd ICRA AA 1.12 India Infoline Finance Ltd ICRA AA 0.48 Net Current Net 100% ^Certificate of Deposit/Commercial Paper/Treasury Bill COMPOSITION BY ASSET (%) COMPOSITION BY RATING (%) 46.06% 4.56% Dec 31, % Total Money Market Instruments^ Corporate Bond Zero Coupon Bond ^ Includes Net Current 11.01% ICRA A1+/ CRISIL A1+/ CARE A1+/ IND A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ BWR AAA/ IND AAA & Equivalent SOV CRISIL AA+/ CARE AA+/ IND AA+ ICRA AA Retail Plan unit (Cum unit (Ex unit (Cum Individuals/ HUF Others Individuals/ HUF Others 74.29% unit (Ex Jan 25, , , , , Monthly Dec 26, , , , , Nov 25, , , , , Face Value of units is ` 1000 s disclosed above are for the past 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. 9.44% 5.26% date Axis Treasury Advantage Fund - Growth 8.72% 8.53% 8.16% 8.33% 17,837 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.48% 7.79% 17,198 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.60% 15,876 Axis Treasury Advantage Fund - Retail Plan - Growth 7.98% 7.84% 7.46% 7.88% 16,793 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.48% 8.07% 16,995 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.84% 15, Oct Mar- 10 Calculations are based on Growth Option NAV. returns are calculated on ` 1,000 invested at. returns for Axis Treasury Advantage Fund Growth & Retail Plan - Growth Option are calculated from 9 th October 2009 & 3 rd March 2010 respectively. Retail Plan was introduced on 3 rd March 2010 and has been discontinued from 1 st October Devang Shah manages 46 schemes & Aditya Pagaria manages 3 schemes. Please refer to annexure on 23 & 25 for performance of all schemes managed by the fund manager. 19

21 Internal Rate Sensitivity Med An Open-ended Liquid Scheme 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. 9 th October 2009 Devang Shah Work experience: 11 years 5 th November Aditya Pagaria Work experience: 9 years 13 th August. LATEST NAV (`) as on Regular Plan Growth Daily Weekly Monthly Bonus - - Mid Credit Quality Crisil Liquid Fund Index Total Money Market Instruments^ Banks IDFC Bank Limited ICRA A RBL Bank Limited ICRA A UCO Bank CRISIL A The South Indian Bank Limited CARE A IndusInd Bank Limited CRISIL A Vijaya Bank CARE A Yes Bank Limited ICRA A Small Industries Dev Bank of India CARE A Andhra Bank CARE A Corporation Bank CRISIL A NABARD CRISIL A Others Indiabulls Housing Finance Limited CRISIL A Piramal Finance Private Limited ICRA A Edelweiss Commodities Services Ltd CRISIL A Rural Electrification Corporation Limited CARE A Kotak Mahindra Prime Ltd CRISIL A NABARD CRISIL A Reliance Jio Infocomm Limited CARE A IIFL Wealth Finance Limited ICRA A Bajaj Finance Limited CRISIL A Bharti Airtel Limited ICRA A ECL Finance Ltd CRISIL A Tata Capital Financial Services Ltd ICRA A Vedanta Limited CRISIL A UPL Limited CRISIL A JSW Steel Limited CARE A Daimler Financial Services India Pvt Ltd IND A Vodafone India Ltd CRISIL A JM Financial Products Ltd CRISIL A Infina Finance Private Limited CRISIL A Steel Authority of India Limited IND A Adani Ports and Special Economic Zone Limited ICRA A Aditya Birla Fashion and Retail Limited CRISIL A Hero Fincorp Limited CRISIL A Dewan Housing Finance Corporation Limited CRISIL A (as on 31 st December ) 7 Days 15 Days 30 Days Annualised Credit Risk Rating [ICRA]A1+mfs^ CARE AAA mfs^ Redington (India) Limited ICRA A Hinduja Leyland Finance Ltd CARE A Gruh Finance Limited CRISIL A HDFC Limited ICRA A India Infoline Finance Ltd ICRA A TVS Credit Services Ltd CRISIL A Adani Gas Ltd. CARE A Turquoise Invest & Finance Pvt Ltd CRISIL A TVS Credit Services Ltd ICRA A Tata Power Company Limited ICRA A Godrej Industries Limited ICRA A Adani Transmission Limited IND A SRF Limited IND A IFMR Capital Finance Pvt Ltd ICRA A Tata Capital Housing Finance Ltd CRISIL A IDFC Infrastructure Finance Limited ICRA A Aditya Birla Housing Finance Ltd. ICRA A Ujjivan Financial Services Limited CRISIL A JM Financial Services Ltd ICRA A Small Industries Dev Bank of India CARE A Treasury Bill Days CMB bill Sovereign Days Tbill Sovereign Days CMB Sovereign Days CMB bill Sovereign Days CMB Sovereign Days Tbill Sovereign Days CMB Sovereign Days Tbill Sovereign 1.10 Total Debt 0.47 Corporate Bond 0.31 Indiabulls Housing Finance Limited CARE AAA 0.31 Zero Coupon Bond 0.17 Magma Fincorp Limited CARE AA Net Current Net 100% ^Certificate of Deposit/Commercial Paper/Treasury Bill Dec 31, 2013 To Dec 31, Dec 31, To Dec 31, Dec 31, To Dec 31, Current Value of Investment if ` 10,000 was invested on date Retail Plan Axis Liquid Fund - Growth 6.81% 6.69% 6.57% 9.10% 8.35% 7.64% 8.20% 17, Crisil Liquid Fund Index (Benchmark) 6.98% 6.52% 6.03% 9.21% 8.23% 7.50% 7.79% 17,201 Oct- Crisil 1 Year T-Bill Index (Additional Benchmark) 3.99% 4.18% 2.82% 8.56% 8.22% 7.29% 6.60% 15, Axis Liquid Fund - Retail Plan - Growth 6.25% 6.11% 5.99% 8.55% 7.79% 7.08% 7.98% 16, Crisil Liquid Fund Index (Benchmark) 6.98% 6.52% 6.03% 9.21% 8.23% 7.50% 8.07% 17,008 Mar- Crisil 1 Year T-Bill Index (Additional Benchmark) 3.99% 4.18% 2.82% 8.56% 8.22% 7.29% 6.84% 15, Calculations are based on Growth Option NAV. returns are calculated on ` 1,000 invested at. returns for Axis Liquid Fund Plan - Growth Option & Retail Plan - Growth Option are calculated from 9 th October 2009 & 1 st March 2010 respectively. Retail Plan was introduced on 1 st March 2010 and has been discontinued from 1 st October Devang Shah manages 46 schemes & Aditya Pagaria manages 3 schemes. Please refer to annexure on Page 23 & 25 for performance of all schemes managed by the fund manager. CAGR (%) 16, Crore 17, Crore COMPOSITION BY ASSET (%) 0.31%0.17% COMPOSITION BY RATING (%) 35.51% 0.17% AVERAGE MATURITY 36 days MODIFIED DURATION 33 days YIELD (YIELD TO MATURITY & ) 6.53% MINIMUM AMOUNT FOR PURCHASE/ SWITCH-IN (`) Growth Option: ` 500 and in multiples of ` 1/- thereafter All other Options: ` 5,000 and in multiples of ` 1/- thereafter Growth Option: ` 500 and in multiples of ` 1/- thereafter All other Options: ` 1,000 and in multiples of ` 1/- thereafter Entry load - Not applicable Exit load - Nil 20 Total Money Market Instruments^ Corporate Bond Zero Coupon Bond ^ Includes Net Current Option Monthly 99.53% 64.33% ICRA A1+/ CRISIL A1+/ CARE A1+/ IND A1+/ CARE AAA & Equivalent SOV CARE AA- Retail Plan Record Date unit (Cum unit (Ex unit (Cum unit (Ex Individuals/ HUF Others Individuals/ HUF Others Jan 25, , , , , Dec 26, , , , , Nov 25, , , , , Face Value of units is ` 1000 s disclosed above are for the past 3 months. & 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.

22 AXIS ENHANCED ARBITRAGE FUND An Open-ended arbitrage fund Company Name 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. 14 th August Ashwin Patni Work experience: 13 years He has been managing the fund since 27 th April Devang Shah Work experience: 11 years. LATEST NAV (`) as on Regular Plan Growth Crisil Liquid Fund Index 5,000/ Crore Crore 100/1 1000/1 Entry load - NA Exit load % if redeemed / switched out within 7 days from the date of allotment. (w.e.f. 15 th May ) Option Record Date /Ex NAV Date % of Total Hedged Equity Reliance Industries Limited 9.71 HDFC Bank Limited 8.45 Divi s Laboratories Limited 7.14 HDFC Limited 6.39 Sun Pharmaceuticals Industries Limited 6.37 Eicher Motors Limited 4.07 Aurobindo Pharma Limited 3.89 Tata Consultancy Services Limited 3.88 Century Textiles & Industries Limited 3.53 Cipla Limited 3.35 Siemens Limited 1.94 (as on 30 th December ) Dec 31, 2013 Individuals/ HUF Others Company Name % of Mahindra & Mahindra Limited 1.74 Tata Motors Limited 1.17 Britannia Industries Limited 1.09 Asian Paints Limited 0.75 Oracle Financial Services Software Limited 0.64 Indiabulls Housing Finance Limited 0.55 UPL Limited 0.25 DCB Bank Limited 0.18 Debt, Cash & Other Receivables Net 100% ^Commercial Paper unit (Cum date Axis Enhanced Arbitrage Fund - Growth % 6.95% 7.23% 11,807 CRISIL Liquid Fund Index (Benchmark) % 7.48% 8.02% 12,016 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 11,994 unit (Ex Jan 25, Dec 26, Nov 25, Face Value of units is ` 10 s disclosed above are since the of the fund. 14-Aug- 14 Calculations are based on Growth Option NAV. returns are calculated on ` 10 invested at. returns for Axis Enhanced Arbitrage Fund - Growth Option is calculated from 14 th August. Devang Shah manages 46 schemes & Ashwin Patni manages 21 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund managers. 21

23 Asset Class Equity Debt Equity Arbitrage Mid Duration *Hedged Equity/ Cash-futures arbitrage An Open Ended Balanced Scheme 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. 08 th December Ashish Naik Work experience: 10 years 6 th July R. Sivakumar Work experience: 16 years He has been managing this fund 07 th June. LATEST NAV (`) as on No Lock-In Growth Compulsory Lock-In Growth % Nifty % Crisil Composite Bond Fund Index Crore Crore AVERAGE * 7.4 years MODIFIED * 5 years YIELD (YIELD TO MATURITY & ) 6.90% 5000/1 100/1 1000/1 Entry load - NA Exit load - 3% is payable if Units are redeemed / switched out upto 1 year from the date of allotment, - 2% is payable if Units are redeemed / switched - out after 1 year and upto 2 years from the date of allotment - 1% is payable if are redeemed / switched-out after 2 years and upto 3 years from the date of allotment - NIL if Units are redeemed / 22 switched-out after 3 years from the date of allotment Total Debt Total Fixed Deposit 1.11 Government Bond Sovereign Corporate Bond Power Finance Corporation Limited CRISIL AAA 6.00 HDFC Limited CRISIL AAA 3.00 Cholamandalam Investment and Finance Company Limited ICRA AA 0.74 Adani Properties Pvt. Ltd. BWR AA-(SO) 0.37 Zero Coupon Bond 0.41 JM Financial Products Ltd ICRA AA 0.41 Total Equity Total Unhedged Equity Auto 6.04 Mahindra & Mahindra Limited 1.10 Maruti Suzuki India Limited 3.01 Tata Motors Limited 1.93 Auto Ancillaries 2.78 Motherson Sumi Systems Limited 2.78 Banks City Union Bank Limited 1.32 HDFC Bank Limited 4.31 ICICI Bank Limited 1.77 Kotak Mahindra Bank Limited 3.10 Chemicals 1.10 Pidilite Industries Limited 1.10 Construction Project 2.13 Larsen & Toubro Limited 2.13 Consumer Non Durables 2.98 Asian Paints Limited 1.78 ITC Limited 1.20 Finance 9.08 Bajaj Finance Limited 1.92 Cholamandalam Investment and Finance Company Limited 1.56 CRISIL Limited 0.92 HDFC Limited 3.52 Sundaram Finance Limited 1.17 Gas 1.04 (as on 30 th December ) 34.59% COMPOSITION BY ASSET (%) 7.31% 58.10% Dec Indraprastha Gas Limited 1.04 Industrial Capital Goods 0.85 Siemens Limited 0.85 Industrial Products 2.69 Carborundum Universal Limited 0.94 Cummins India Limited 1.75 Media & Entertainment 1.80 Zee Entertainment Enterprises Limited 1.80 Pesticides 1.18 UPL Limited 1.18 Petroleum Products 1.20 Gulf Oil Lubricants India Limited 1.20 Pharmaceuticals 5.92 Cadila Healthcare Limited 1.53 Sanofi India Limited 1.59 Sun Pharmaceuticals Industries Limited 2.33 Torrent Pharmaceuticals Limited 0.48 Power 0.93 Torrent Power Limited 0.93 Software 4.53 Info Edge (India) Limited 1.00 Infosys Limited 2.19 Tech Mahindra Limited 1.33 Textile Products 2.85 Page Industries Limited 1.36 SRF Limited 1.49 Transportation 0.52 Gujarat Pipavav Port Limited 0.52 Total Hedged Equity 7.31 The South Indian Bank Limited 0.44 Dish TV India Limited 0.56 Tata Motors Limited 0.10 HDFC Bank Limited 1.78 HDFC Limited 2.11 Aurobindo Pharma Limited 1.51 IDFC Limited 0.48 Mahindra & Mahindra Limited 0.32 Debt, Cash & Other Receivables 1.44 Net 100% COMPOSITION BY RATING (%) Unhedged Equity Debt, Cash and Other Receivables Hedged Equity SOV CRISIL AAA & Equivalent ICRA AA BWR 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 % 1.15% 0.37% date Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth % 3.29% 10,350 50% Nifty % Crisil Composite Bond Fund Index (Benchmark) % 9.46% 11,008 Nifty 50 (Additional Benchmark) % 5.90% 10,629 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth % 3.28% 10,349 50% Nifty % Crisil Composite Bond Fund Index (Benchmark) % 9.46% 11,008 Nifty 50 (Additional Benchmark) % 5.90% 10, % 08-Dec Dec- 15 Calculations are based on Growth Option NAV. returns are calculated on ` 10 invested at. returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08 th December. Ashish Naik manages 3 schemes & R. Sivakumar manages 5 schemes. Please refer to annexure on Page 23 & 24 for performance of all schemes managed by the fund managers.

24 ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 30 th December ) Dec 31, 2013 to to Funds managed by Shreyash Devalkar to Dec 30, ` 10,000 was date Axis Equity Fund - Growth 40.85% -1.24% -3.62% 9.10% 18,380 Nifty 50 (Benchmark) 31.39% -4.06% 3.01% 6.48% 15,510 S&P BSE Sensex (Additional Benchmark) 29.89% -5.03% 1.95% 6.03% 15,055 Axis Midcap Fund - Growth 76.55% 0.85% -3.11% 16.31% 24,270 S&P BSE Midcap (Benchmark) 54.69% 7.43% 7.97% 10.60% 18,061 Nifty 50 (Additional Benchmark) 31.39% -4.06% 3.01% 7.15% 14,995 Funds managed by Jinesh Gopani Axis Long Term Equity Fund - Growth* 66.18% 6.70% -0.69% 17.19% 30,400 S&P BSE 200 (Benchmark) 35.47% -1.48% 3.95% 7.08% 16,149 Nifty 50 (Additional Benchmark) 31.39% -4.06% 3.01% 6.72% 15,778 Axis Income Saver - Growth # 20.68% 6.27% 4.19% 8.06% 16,500 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 8.72% 17,166 CRISIL 10 year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 7.60% 16,059 Axis Focused 25 Fund - Growth 38.75% 3.91% 4.56% 14.43% 18,360 Nifty 50 (Benchmark) 31.39% -4.06% 3.01% 10.22% 15,507 S&P BSE 200 (Additional Benchmark) 35.47% -1.48% 3.95% 11.63% 16,421 Funds managed by R.Sivakumar Axis Equity Saver Fund - Growth % 2.09% 10,290 CRISIL MIP Blended Index (Benchmark) % 9.49% 11,334 Nifty 50 (Additional Benchmark) % -2.84% 9,609 Axis Triple Advantage Fund - Growth 17.16% -0.51% 7.12% 7.45% 15,788 35% of Nifty % of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark) 16.49% -0.32% 9.66% 7.58% 15,917 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 8.02% 16,328 Axis Dynamic Bond Fund - Growth 14.06% 6.75% 13.40% 9.60% 16,837 Crisil Composite Bond Fund Index (Benchmark) 14.31% 8.63% 12.93% 9.48% 16,730 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 8.27% 15,711 Axis Capital Protection Oriented Fund - Series 5 # 23.56% -4.20% 3.43% 7.13% 13,322 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 9.87% 14,797 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 7.50% 13,511 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth % 3.29% 10,350 50% Nifty % Crisil Composite Bond Fund Index (Benchmark) % 9.46% 11,008 Nifty 50 (Additional Benchmark) % 5.90% 10,629 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth % 3.28% 10,349 50% Nifty % Crisil Composite Bond Fund Index (Benchmark) % 9.46% 11,008 Nifty 50 (Additional Benchmark) % 5.90% 10,629 Funds managed by Devang Shah Axis Income Saver - Growth # 20.68% 6.27% 4.19% 8.06% 16,500 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 8.72% 17,166 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 7.60% 16,059 Axis Dynamic Bond Fund - Growth 14.06% 6.75% 13.40% 9.60% 16,837 Crisil Composite Bond Fund Index (Benchmark) 14.31% 8.63% 12.93% 9.48% 16,730 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 8.27% 15,711 Axis Fixed Income Opportunities Fund % 9.79% 9.90% 12,619 CRISIL Short-Term Bond Fund Index (Benchmark) % 9.83% 9.53% 12,513 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.93% 12,068 Axis Income Fund - Growth 15.01% 6.76% 11.62% 9.61% 15,476 Crisil Composite Bond Fund Index (Benchmark) 14.31% 8.63% 12.93% 9.78% 15,596 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 9.24% 15,233 Axis Short Term Fund - Growth 10.04% 8.11% 9.64% 8.40% 17,510 Crisil Short Term Bond Fund Index (Benchmark) 10.47% 8.66% 9.83% 8.41% 17,518 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.77% 15,753 Axis Short Term Fund - Retail Plan - Growth 10.08% 8.10% 9.64% 8.36% 17,313 Crisil Short Term Bond Fund Index (Benchmark) 10.47% 8.66% 9.83% 8.51% 17,482 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.84% 15,716 Axis Liquid Fund - Growth 9.10% 8.35% 7.64% 8.20% 17,688 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.50% 7.79% 17,201 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.29% 6.60% 15,878 Axis Liquid Fund - Retail Plan - Growth 8.55% 7.79% 7.08% 7.98% 16,911 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.50% 8.07% 17,008 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.29% 6.84% 15,720 Axis Treasury Advantage Fund - Growth 8.72% 8.53% 8.16% 8.33% 17,837 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.48% 7.79% 17,198 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.60% 15,876 Axis Treasury Advantage Fund - Retail Plan - Growth 7.98% 7.84% 7.46% 7.88% 16,793 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.48% 8.07% 16,995 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.84% 15,716 Axis Gold ETF 0.74% -8.02% 9.88% 4.12% 12,818 Domestic Price of Gold 2.13% -7.24% 11.80% 3.91% 12,656 Additional Benchmark Not Applicable Axis Gold Fund % % 10.70% -1.83% 9,082 Domestic Price of Gold 2.13% -7.24% 11.80% -0.53% 9,727 Additional Benchmark Not Applicable Axis Enhanced Arbitrage Fund - Growth % 6.95% 7.23% 11,807 CRISIL Liquid Fund Index (Benchmark) % 7.48% 8.02% 12,016 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 11,994 Axis Constant Maturity 10 Year Fund - Growth 14.97% 6.33% 13.74% 8.12% 14,708 Crisil 10 Year Gilt Index (Benchmark) 14.14% 7.39% 14.97% 8.59% 15,027 Axis Hybrid Fund - Series 5 - Growth # 21.61% -2.13% 0.19% 6.19% 12,292 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 11.07% 14,343 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 8.09% 13,062 Axis Hybrid Fund - Series 6 - Growth # 23.03% -4.56% 0.78% 6.90% 12,527 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 12.27% 14,781 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 8.17% 13,035 Axis Hybrid Fund - Series 7 - Growth # 22.89% -4.20% 0.62% 6.84% 12,456 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 11.66% 14,421 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 8.06% 12,934 Axis Hybrid Fund - Series 8 - Growth # % 1.54% 4.74% 11,455 Crisil MIP Blended Fund Index (Benchmark) % 11.55% 11.59% 13,795 Crisil 1 yr Tbill Index (Additional Benchmark) % 7.27% 7.98% 12,525 Axis Hybrid Fund - Series 9 - Growth # % 1.54% 4.87% 11,466 Crisil MIP Blended Fund Index (Benchmark) % 11.55% 12.20% 13,932 Crisil 1 yr Tbill Index (Additional Benchmark) % 7.27% 8.08% 12,507 Axis Hybrid Fund - Series 11 - Growth # % 1.81% 3.25% 10,884 CRISIL MIP Blended Index (Benchmark) % 11.55% 11.26% 13,264 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.98% 12,253 Axis Hybrid Fund - Series 12 - Growth # % 1.81% 3.04% 10,809 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.69% 13,019 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 12,194 Axis Hybrid Fund - Series 13 - Growth # % 1.94% 2.86% 10,741 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.34% 12,835 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.92% 12,133 Axis Hybrid Fund - Series 14 - Growth # % 1.67% 1.53% 10,360 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.27% 12,556 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 11,947 Axis Hybrid Fund - Series 15 - Growth # % 1.58% 1.25% 10,289 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.35% 12,528 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.92% 11, Jan Feb Dec Jul Jun Aug Aug Apr Nov Dec Dec Jul Apr July Mar Jan Mar Oct Mar Oct Mar Nov Oct Aug Jan Jul Aug Sep Jan Feb-14 9-May May Jun-14 2-Sep Sep-14 Calculations are based on Growth Option NAV. Above data excludes schemes which have not completed a year. W.e.f January 1 st, 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. 23

25 ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 30 th December ) Dec 31, 2013 to to to Dec 30, ` 10,000 was date Axis Hybrid Fund - Series 18 - Growth # % 0.32% 10,063 CRISIL MIP Blended Index (Benchmark) % 8.49% 11,719 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.65% 11,544 Axis Hybrid Fund - Series 19 - Growth # % -0.12% 9,976 CRISIL MIP Blended Index (Benchmark) % 8.37% 11,655 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.71% 11,518 Axis Hybrid Fund - Series 22 - Growth # % -0.70% 9,885 CRISIL MIP Blended Index (Benchmark) % 9.52% 11,610 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.63% 11,283 Axis Hybrid Fund - Series 23 - Growth # % -0.60% 9,905 CRISIL MIP Blended Index (Benchmark) % 9.41% 11,541 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.57% 11,233 Axis Hybrid Fund - Series 24 - Growth # % -0.08% 9,988 CRISIL MIP Blended Index (Benchmark) % 10.31% 11,631 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.55% 11,185 Axis Hybrid Fund - Series 25 - Growth # % 0.85% 10,115 CRISIL MIP Blended Index (Benchmark) % 10.67% 11,467 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.45% 11,019 Axis Hybrid Fund - Series 26 - Growth # % 1.46% 10,192 Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark) % 10.91% 11,449 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.37% 10,974 Axis Hybrid Fund - Series 27 - Growth # % 0.72% 10,084 Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark) % 9.97% 11,179 Crisil 1 yr Tbill Index (Additional Benchmark) % 7.18% 10,847 Axis Hybrid Fund - Series 28 - Growth # % 2.73% 10,305 Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark) % 11.06% 11,244 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.19% 10,808 Funds managed by Ashwin Patni Axis Enhanced Arbitrage Fund - Growth % 6.95% 7.23% 11,807 CRISIL Liquid Fund Index (Benchmark) % 7.48% 8.02% 12,016 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 11,994 Axis Hybrid Fund - Series 5 - Growth # 21.61% -2.13% 0.19% 6.19% 12,292 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 11.07% 14,343 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 8.09% 13,062 Axis Hybrid Fund - Series 6 - Growth # 23.03% -4.56% 0.78% 6.90% 12,527 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 12.27% 14,781 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 8.17% 13,035 Axis Hybrid Fund - Series 7 - Growth # 22.89% -4.20% 0.62% 6.84% 12,456 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 11.66% 14,421 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 8.06% 12,934 Axis Hybrid Fund - Series 8 - Growth # % 1.54% 4.74% 11,455 Crisil MIP Blended Fund Index (Benchmark) % 11.55% 11.59% 13,795 Crisil 1 yr Tbill Index (Additional Benchmark) % 7.27% 7.98% 12,525 Axis Hybrid Fund - Series 9 - Growth # % 1.54% 4.87% 11,466 Crisil MIP Blended Fund Index (Benchmark) % 11.55% 12.20% 13,932 Crisil 1 yr Tbill Index (Additional Benchmark) % 7.27% 8.08% 12,507 Axis Hybrid Fund - Series 11 - Growth # % 1.81% 3.25% 10,884 CRISIL MIP Blended Index (Benchmark) % 11.55% 11.26% 13,264 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.98% 12,253 Axis Hybrid Fund - Series 12 - Growth # % 1.81% 3.04% 10,809 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.69% 13,019 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 12,194 Axis Hybrid Fund - Series 13 - Growth # % 1.94% 2.86% 10,741 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.34% 12,835 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.92% 12,133 Axis Hybrid Fund - Series 14 - Growth # % 1.67% 1.53% 10,360 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.27% 12,556 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.94% 11,947 Axis Hybrid Fund - Series 15 - Growth # % 1.58% 1.25% 10,289 CRISIL MIP Blended Index (Benchmark) % 11.55% 10.35% 12,528 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.27% 7.92% 11,906 Axis Hybrid Fund - Series 18 - Growth # % 0.32% 10,063 CRISIL MIP Blended Index (Benchmark) % 8.49% 11,719 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.65% 11,544 Axis Hybrid Fund - Series 19 - Growth # % -0.12% 9,976 CRISIL MIP Blended Index (Benchmark) % 8.37% 11,655 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.71% 11,518 Axis Hybrid Fund - Series 22 - Growth # % -0.70% 9,885 CRISIL MIP Blended Index (Benchmark) % 9.52% 11,610 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.63% 11,283 Axis Hybrid Fund - Series 23 - Growth # % -0.60% 9,905 CRISIL MIP Blended Index (Benchmark) % 9.41% 11,541 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.57% 11,233 Axis Hybrid Fund - Series 24 - Growth # % -0.08% 9,988 CRISIL MIP Blended Index (Benchmark) % 10.31% 11,631 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.55% 11,185 Axis Hybrid Fund - Series 25 - Growth # % 0.85% 10,115 CRISIL MIP Blended Index (Benchmark) % 10.67% 11,467 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.45% 11,019 Axis Hybrid Fund - Series 26 - Growth # % 1.46% 10,192 Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark) % 10.91% 11,449 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.37% 10,974 Axis Hybrid Fund - Series 27 - Growth # % 0.72% 10,084 Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark) % 9.97% 11,179 Crisil 1 yr Tbill Index (Additional Benchmark) % 7.18% 10,847 Axis Hybrid Fund - Series 28 - Growth # % 2.73% 10,305 Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%) (Benchmark) % 11.06% 11,244 CRISIL 1 Year T-Bill (Additional Benchmark) % 7.19% 10,808 Axis Capital Protection Oriented Fund - Series 5 # 23.56% -4.20% 3.43% 7.13% 13,322 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 9.87% 14,797 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 7.50% 13,511 Funds managed by Ashish Naik Axis Triple Advantage Fund - Growth 17.16% -0.51% 7.12% 7.45% 15,788 35% of Nifty % of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark) 16.49% -0.32% 9.66% 7.58% 15,917 Crisil 10 Year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 8.02% 16,328 Axis Income Saver - Growth # 20.68% 6.27% 4.19% 8.06% 16,500 Crisil MIP Blended Fund Index (Benchmark) 16.83% 6.79% 11.55% 8.72% 17,166 CRISIL 10 year Gilt Index (Additional Benchmark) 14.14% 7.39% 14.97% 7.60% 16,059 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth % 3.29% 10,350 50% Nifty % Crisil Composite Bond Fund Index (Benchmark) % 9.46% 11,008 Nifty 50 (Additional Benchmark) % 5.90% 10,629 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth % 3.28% 10,349 50% Nifty % Crisil Composite Bond Fund Index (Benchmark) % 9.46% 11,008 Nifty 50 (Additional Benchmark) % 5.90% 10,629 Funds managed by Aditya Pagaria Axis Liquid Fund - Growth 9.10% 8.35% 7.64% 8.20% 17,688 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.50% 7.79% 17,201 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.29% 6.60% 15,878 Axis Liquid Fund - Retail Plan - Growth 8.55% 7.79% 7.08% 7.98% 16,911 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.50% 8.07% 17,008 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.29% 6.84% 15,720 Axis Treasury Advantage Fund - Growth 8.72% 8.53% 8.16% 8.33% 17,837 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.48% 7.79% 17,198 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.60% 15, Jan Feb May May Jun Aug Sep Oct Nov Aug Jul Aug Sep Jan Feb-14 9-May May Jun-14 2-Sep Sep Jan Feb May May Jun Aug Sep Oct Nov Nov Aug Jul Dec Dec Oct Mar Oct-09

26 25 ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 30 th December ) Dec 31, 2013 to to to Dec 30, ` 10,000 was date Axis Treasury Advantage Fund - Retail Plan - Growth 7.98% 7.84% 7.46% 7.88% 16,793 Crisil Liquid Fund Index (Benchmark) 9.21% 8.23% 7.48% 8.07% 16,995 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 6.84% 15,716 Axis Banking & PSU Debt Fund - Growth 9.27% 8.50% 8.37% 8.79% 14,688 Crisil Short Term Bond Fund Index (Benchmark) 10.47% 8.66% 9.83% 9.29% 14,999 Crisil 1 Year T-Bill Index (Additional Benchmark) 8.56% 8.22% 7.27% 7.49% 13,908 Funds managed by Anupam Tiwari Axis Equity Saver Fund - Growth % 2.09% 10,290 CRISIL MIP Blended Index (Benchmark) % 9.49% 11,334 Nifty 50 (Additional Benchmark) % -2.84% 9,609 Axis Small Cap Fund - Growth 84.33% 9.73% 3.99% 27.84% 21,350 Nifty Free Float Smallcap 100 (Benchmark) 54.95% 7.21% 2.26% 21.31% 18,157 Nifty 50 (Additional Benchmark) 31.39% -4.06% 3.01% 9.55% 13,254 Calculations are based of Growth Option NAV. returns are calculated on Rs. 1,000/- invested at for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2, /- invested at for Axis Gold Exchange Traded Fund and on Rs. 10/- invested at for all other schemes. Above data excludes returns of Fixed Maturity Plans and schemes which have not completed a year. W.e.f January 1st, 2013, Axis Short Term Fund Institutional Plan, Axis Treasury Advantage Fund Institutional Plan & Axis Liquid Fund Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund respectively. * 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. HOW TO READ FACTSHEET Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years. NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit. Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield Standard Deviation : Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta : Beta is a measure of an investment s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings : The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. Tracking Error: Tracking error is a measure of how closely a portfolio follows the index to which it is benchmarked. It is calculated as the standard deviation of the difference between the portfolio and index returns. Weighted Average Expense Ratio for the Month Scheme - Regular Plan : Axis Hybrid Fund - Series 5: 2.27%, Axis Hybrid Fund - Series 6: 2.28%, Axis Hybrid Fund - Series 7: 2.28%, Axis Hybrid Fund - Series 8: 2.27%, Axis Hybrid Fund - Series 9: 2.28%, Axis Hybrid Fund - Series 11: 2.32%, Axis Hybrid Fund - Series 12: 2.29%, Axis Hybrid Fund - Series 13 : 2.19%, Axis Hybrid Fund - Series 14 : 2.20%, Axis Hybrid Fund - Series 15 : 2.27%, Axis Hybrid Fund - Series 18 : 2.20%, Axis Hybrid Fund - Series 19 : 2.28%, Axis Hybrid Fund - Series 22 : 2.06%, Axis Hybrid Fund - Series 23 : 2.07%, Axis Hybrid Fund - Series 24 : 2.04%, Axis Hybrid Fund - Series 25 : 2.15%, Axis Hybrid Fund - Series 26 : 2.13%, Axis Hybrid Fund - Series 27 : 2.09%, Axis Hybrid Fund - Series 28 : 2.10%, Axis Hybrid Fund - Series 29 : 2.25%, Axis Hybrid Fund - Series 30 : 2.21%, Axis Hybrid Fund - Series 31* : 2.11%, Axis Hybrid Fund - Series 32* : 2.07%, Axis Hybrid Fund - Series 33* : 2.08%, Axis Hybrid Fund - Series 35* : 2.14%, Axis Liquid Fund : 0.14%, Axis Treasury Advantage Fund : 0.55%, Axis Banking & PSU Debt Fund : 0.35%, Axis Short Term Fund : 0.84%, Axis Dynamic Bond Fund : 1.30%, Axis Constant Maturity 10 Year Fund : 0.65%, Axis Income Fund : 1.00%, Axis Gold ETF : 1.00%, Axis Gold Fund :1.00%, Axis Fixed Income Opportunities Fund* : 1.25%, Axis Enhanced Arbitrage Fund : 0.95%, Axis Income Saver* : 2.13%, Axis Long Term Equity Fund*: 1.98%, Axis Focused 25 Fund* : 2.27%, Axis Equity Fund : 2.11%, Axis Triple Advantage Fund : 1.75%, Axis Midcap Fund* : 2.21%, Axis Equity Saver Fund* : 2.31%, Axis Small Cap Fund : 2.52%, Axis Children s Gift Fund : 2.54%, Axis Capital Protection Oriented Fund -Series 5: 2.45%, Axis Emerging Opportunities Fund* - Series 1: 2.26%, Axis Fixed Maturity Plan - Series 42 : 0.52%, Axis Fixed Maturity Plan - Series 43 : 0.41%, Axis Fixed Maturity Plan - Series 47 : 0.48%, Axis Fixed Maturity Plan - Series 48 : 0.45%, Axis Fixed Maturity Plan - Series 49 : 0.23%, Axis Fixed Maturity Plan - Series 52 : 0.23%, Axis Fixed Maturity Plan - Series 53 : 0.52%, Axis Fixed Maturity Plan - Series 61 : 0.49%, Axis Fixed Maturity Plan - Series 64 : 0.49%, Axis Fixed Maturity Plan - Series 67 : 0.66%, Axis Fixed Maturity Plan - Series 69 : 0.58%, Axis Fixed Maturity Plan - Series 74 : 0.23% Service Tax on Management fees to the above mentioned schemes will be charged over and above Total Expense Ratio *In addition to the rates mentioned a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes. 03-Mar Jun Aug Nov-13

27 PRODUCT LABELLING AXIS EQUITY FUND This product is suitable for investors who are seeking* Capital appreciation over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments AXIS FOCUSED 25 FUND This product is suitable for investors who are seeking* Capital appreciation over long term Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND This product is suitable for investors who are seeking* Capital appreciation & generating income over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments AXIS MIDCAP FUND This product is suitable for investors who are seeking* Capital appreciation over long term Investment predominantly in equity and equity related instruments of mid size companies with focus on relatively larger companies within this category AXIS TRIPLE ADVANTAGE FUND This product is suitable for investors who are seeking* Capital appreciation & generating income over long term Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded funds AXIS INCOME SAVER This product is suitable for investors who are seeking* Capital appreciation while generating income over medium to long term Investment in debt and money market instruments as well as equity and equity related instruments while managing risk through active asset allocation AXIS GOLD ETF This product is suitable for investors who are seeking* Capital Appreciation over medium to long term Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking error AXIS GOLD FUND This product is suitable for investors who are seeking* Capital Appreciation over medium to long term Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking error AXIS EQUITY SAVER FUND This product is suitable for investors who are seeking* Capital Appreciation while generating income over medium to long term Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments AXIS CHILDREN S GIFT FUND This product is suitable for investors who are seeking* Capital appreciation & generating income over medium to long term Investment in debt and money market instruments as well as equity and equity related instruments AXIS CONSTANT MATURITY 10 YEAR FUND This product is suitable for investors who are seeking* Credit risk free returns over medium to long term Investment mainly in Government securities to generate returns similar to that of 10 year government bonds AXIS DYNAMIC BOND FUND This product is suitable for investors who are seeking* Optimal returns over medium to long term To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instruments AXIS INCOME FUND This product is suitable for investors who are seeking* Optimal returns over medium term Investment in diversified portfolio of high quality debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity AXIS ENHANCED ARBITRAGE FUND This product is suitable for investors who are seeking* Income over short to medium term Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS FIXED INCOME OPPORTUNITIES FUND This product is suitable for investors who are seeking* Stable returns in the short to medium term Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND This product is suitable for investors who are seeking* Regular income while maintaining liquidity over short to medium term Investment in debt and money market instruments AXIS BANKING & PSU DEBT FUND This product is suitable for investors who are seeking* Regular income over short to medium term Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND This product is suitable for investors who are seeking* Regular income over short term Investment in debt and money market instruments AXIS LIQUID FUND This product is suitable for investors who are seeking* Regular income over short term Investment in debt and money market instruments LOW LOW LOW Moderately Riskometer Moderate Moderately Investors understand that their principal will be at moderately high risk Moderately Riskometer Moderate Moderately Investors understand that their principal will be at moderate risk Moderately Riskometer Investors understand that their principal will be at moderately low risk Moderately Moderate Riskometer Moderate Moderately Moderately HIGH HIGH HIGH *Investors should consult their financial advisers if in doubt about whether the product is suitable for them Investors understand that their principal will be at low risk This communication is only for distributors and their clients Statutory Details & Disclaimers : 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 Limited. Investment Manager: Axis Asset Management Company Limited (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of any of the mutual fund schemes launched by the AMC. 26 LOW HIGH

28 Turning the spotlight on 25 handpicked quality stocks. Axis Focused 25 Fund is aimed at long term wealth creation Focuses on the best ideas at any point of time and invests in up to 25 stocks Diversified equity fund that invests primarily in the top 200 stocks by market capitalisation Nurtures companies over their business cycle without being affected by short-term market volatility To invest, contact your Financial Advisor. Axis Focused 25 Fund: (An Open Ended Equity Scheme) This product is suitable for investors who are seeking*: Capital appreciation over long term Moderately Riskometer Moderate Moderately Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at moderately high risk Mutual Fund investments are subject to market risks, read all scheme related documents carefully.