MONTHLY FACTSHEET - SEPTEMBER 2018

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4 I N D E X Tax Reckoner 2 How To Read A Factsheet 5 Equity Funds Equity Outlook 6 Axis Bluechip Fund 7 Axis Focused 25 Fund 8 Axis Midcap Fund 9 Axis Long Term Equity Fund 10 Axis Multicap Fund 11 Debt Funds Fixed Income Outlook 12 Axis Liquid Fund 13 Axis Treasury Advantage Fund 14 Axis Short Term Fund 15 Axis Dynamic Bond Fund 16 Axis Corporate Debt Fund 17 Axis Strategic Bond Fund 18 Axis Credit Risk Fund 19 Axis Gilt Fund 20 Axis Banking and PSU Debt Fund 21 Hybrid Funds Hybrid Outlook 22 Axis Equity Saver Fund 23 Axis Dynamic Equity Fund 24 Axis Regular Saver Fund 25 Axis Children s Gift Fund 26 Axis Triple Advantage Fund 27 Axis Arbitrage Fund 28 SIP Performance Of Selected Schemes 29 s Load Structure And Minimum Investment Amount Annexures Expense Ratios Product Labeling

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6 EQUITY O C T O B E R % 11.7% -6.4% QUICK TAKE Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward. We remain bullish on equities from a medium to long term perspective KEY HIGHLIGHTS Investors are suggested to have their asset allocation plan based on one s risk appetite and future goals in life. MARKETS CORPORATE GLOBAL The month of September saw severe bouts of volatility amidst a slew of market events. This was in contrast to the rest of the world which was largely flat over the last month. Frontline indices, S&P BSE Sensex & NIFTY 50 were down 6% for the month. Mid and small caps continued to see sharp declines. NIFTY Midcap 100 Index & NIFTY Smallcap 100 Index was down 14% & 20% respectively. Foreign Portfolio Investors (FPI) were sellers in cash, derivatives and debt markets. In each of the three markets, they sold in excess of US$1.3bn during the month. On the domestic side, Domestic Mutual Funds were net buyers for the 26th successive month. Moreover, domestic insurance companies also turned to buying, at US$181mn. On a year-to-date basis, FPIs are net sellers of US$ 3.8 bn in equities, Mutual Funds have bought stock worth US$12.7bn, while Domestic Insurance companies have sold stock worth US$944mn Consumer price inflation in August fell to 3.7% V/s 4.2% in July. Wholesale Price Index inflation continued to ease as the unfavourable base effects waned. The key risks will be from imported inflation (global commodity prices and currency depreciation) reflected in core inflation continuing to inch up. CPI inflation will continue to be RBI s focus. The Indian rupee fell to an all-time low of In comparison with currencies of its trading partners, the Indian rupee continues to remain reasonably valued on a relative basis. Oil prices continued its upward march to US$82.7/bbl. Oil and currency are key risks to the market and the fiscal math. The fall in the NBFC space was triggered by concerns in the debt markets surrounding the liquidity tightness post the IL&FS default. Due to the systemic impact of the company on the financial sector, knock on effects percolated through to the rest of in the NBFC space more specifically the housing finance space. The financial health of the NBFC sector in our opinion remains good despite the liquidity squeeze. Baring a few isolated cases we believe that the sector continues to remain a long term growth story. The Kerala floods have affected consumer companies which have a strong presence in the state. This has dampened Onam sales according to our channel checks. Further, higher duties on electronics and the impact of oil and currency is likely to pinch consumers in the near term. However, the longer term consumption story remains intact. Company fundamentals continue to remain strong to ride out the short term pain. The growth in profitability and revenues may be pushed back by a few quarters on account of short term headwinds. We remain cautiously optimistic on markets in light of the market movements and the sentimental negative that sharp falls in sector specific have caused. We advise investors not to panic as corporate sector fundamentals in general continue to remain strong. Our investment focus continues to remain quality centric and have positioned ourselves appropriately to manage such volatility. ly, we hold tactical cash positions in our portfolios and will look to deploy as the market stabilises. Given the current market volatility and sharp stock specific moves, investors should remain cautious while deploying funds. Systematic investments into equity products could also help investors ride out short term volatility. Source: Bloomberg, Axis MF Research. 6

7 AXIS BLUECHIP FUND (FORMERLY KNOWN AS AXIS EQUITY FUND) (An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks) INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. 5th January , Cr. 2, Cr. Nifty 50 % OF ASSETS BANKS HDFC Bank Limited 9.41 Kotak Mahindra Bank Limited 4.74 Bandhan Bank Limited 3.14 FINANCE STATISTICAL MEASURES (3 YEARS) Standard Deviation % Beta Sharpe Ratio** TURNOVER* (1 YEAR) 1.79 times Mr. Shreyash Devalkar Work experience: 17 years. He has been managing this fund since 23rd November 2016 HDFC LIMITED 6.19 Bajaj Finance Limited 5.45 Bajaj Finserv Limited 4.03 SOFTWARE Tata Consultancy Services Limited 8.73 Infosys Limited 3.03 CONSUMER NON DURABLES 9.79 SECTOR ALLOCATION Banks Finance Software Consumer Non Durables 9.79 Auto 8.13 Petroleum 5.51 Products Retailing 3.42 Textile Products 2.51 Chemicals Hindustan Unilever Limited 3.52 Britannia Industries Limited 2.73 Asian Paints Limited 2.00 Dabur India Limited 0.82 Nestle India Limited 0.71 AUTO 8.13 Maruti Suzuki India Limited 4.78 PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000 Date of inception Axis Bluechip Fund - Growth 11.89% 11, % 14, % 21, % 26,540 Nifty 50 (Benchmark) 13.20% 11, % 14, % 20, % 23, Jan-10 S&P BSE Sensex (Additional Benchmark) 17.13% 11, % 14, % 20, % 23,286 Axis Bluechip Fund - Direct Plan -Growth 13.49% 11, % 14, % 22, % 23,284 Nifty 50 (Benchmark) 13.20% 11, % 14, % 20, % 19, Jan-13 S&P BSE Sensex (Additional Benchmark) 17.13% 11, % 14, % 20, % 20,092 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 6 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. Mahindra & Mahindra Limited 2.65 Eicher Motors Limited 0.71 PETROLEUM PRODUCTS 5.51 Reliance Industries Limited 5.51 RETAILING 3.42 Avenue Supermarts Limited 3.42 TEXTILE PRODUCTS 2.51 Page Industries Limited 2.51 CHEMICALS 2.29 Pidilite Industries Limited 2.29 OTHERS 7.48 CONSTRUCTION PROJECT 2.19 Larsen & Toubro Limited 2.19 s Record Date DIVIDENDS Regular Plan Dividend (` Per unit) Direct Plan Dividend (` Per unit) Mar 15, Dividend Mar 21, Mar 10, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Data as on 28th SEPTMBER If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil **Risk-free rate assumed to be 6.60% (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 30st JULY Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid scheme effective from May 18, CONSUMER DURABLES 1.81 Titan Company Limited 1.81 Cement 1.59 Shree Cement Limited 0.91 UltraTech Cement Limited 0.68 Pharmaceuticals 1.00 Divi's Laboratories Limited 1.00 Auto Ancillaries 0.90 Endurance Technologies Limited 0.90 Other Equity (less than 0.50% of the corpus) 0.85 TOTAL EQUITY DEBT, CASH & OTHER RECEIVABLES Net Assets 100% Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

8 AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. 29th June , Cr. 5, Cr. Nifty 50 % OF ASSETS FINANCE HDFC Limited 6.59 Bajaj Finance Limited 5.64 Bajaj Finserv Limited 4.18 Gruh Finance Limited 2.67 STATISTICAL MEASURES (3 YEARS) Standard Deviation % Beta Sharpe Ratio** TURNOVER* (1 YEAR) 1.41 times Mr. Jinesh Gopani Work experience:17 years. He has been managing this fund since 07th June 2016 HDFC Standard Life Insurance Company Limited 2.00 Max Financial Services Limited 0.86 BANKS Kotak Mahindra Bank Limited 7.65 HDFC Bank Limited 7.65 Bandhan Bank Limited 3.83 SECTOR ALLOCATION Finance Banks Software Auto Ancillaries 7.43 Auto 5.90 Cement 5.07 Pharmaceuticals 4.95 Retailing 3.84 Industrial Products SOFTWARE Tata Consultancy Services Limited 8.90 Info Edge (India) Limited 2.64 AUTO ANCILLARIES 7.43 Motherson Sumi Systems Limited 3.14 Endurance Technologies Limited 1.66 WABCO India Limited 1.50 Varroc Engineering Limited 1.14 PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000 Date of inception Axis Focused 25 Fund - Growth 9.38% 10, % 15, % 23, % 26,700 Nifty 50 (Benchmark) 13.20% 11, % 14, % 20, % 22, Jun-12 S&P BSE 200 (Additional Benchmark) 9.54% 10, % 14, % 21, % 23,661 Axis Focused 25 Fund - Direct Plan - Growth 10.60% 11, % 15, % 25, % 24,520 Nifty 50 (Benchmark) 13.20% 11, % 14, % 20, % 19, Jan-13 S&P BSE 200 (Additional Benchmark) 9.54% 10, % 14, % 21, % 20,528 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. AUTO 5.53 Maruti Suzuki India Limited 5.53 CEMENT 5.07 Shree Cement Limited 5.07 PHARMACEUTICALS 4.95 Sun Pharmaceutical Industries Limited 4.33 Sun Pharma Advanced Research Company Limited 0.62 RETAILING 3.84 Avenue Supermarts Limited 3.84 INDUSTRIAL PRODUCTS 3.44 Supreme Industries Limited 3.44 s DIVIDENDS Record Date Dividend (` Per unit) If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil Mar 08, Feb 28, Dividend Mar 10, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st JULY OTHERS 5.87 Chemicals 2.35 Pidilite Industries Limited 2.35 Textile Products 2.21 Page Industries Limited 2.21 Industrial Capital Goods 1.30 V-Guard Industries Limited 1.30 Other Equity (less than 0.50% of the corpus) 0.37 Total Equity Debt, Cash & Other Receivables Net Assets 100% ^Commercial Paper **Risk-free rate assumed to be 6.60% (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 28th SEPTMBER Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 8 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

9 AXIS MIDCAP FUND (An Open Ended Equity Scheme Predominantly Investing In Mid Cap Stocks ) INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies. 18th February 2011 STATISTICAL MEASURES (3 YEARS) Standard Deviation % Beta Sharpe Ratio** SECTOR ALLOCATION Regular Plan Dividend (` Per unit) s Record Date 1, Cr. 1, Cr. TURNOVER* (1 YEAR) 1.00 times PERFORMANCE (as on 28th September 2018) DIVIDENDS S&P BSE Midcap Mr. Shreyash Devalkar Work experience: More than 17 years. He has been managing this fund since 23rd November 2016 Finance Textile Products 6.64 Banks 9.95 Software 5.62 Auto Ancillaries 9.34 Retailing 4.20 Industrial 9.16 Consumer Non Products Durables 3.94 Pharmaceuticals Period 1 Year 3 Years 5 Years Since Inception Direct Plan Dividend (` Per unit) If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil **Risk-free rate assumed to be 6.60% (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 28th SEPTMBER Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, Oct 16, Dividend Sep 15, Sep 10, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st JULY ` 10,000 Date of inception Axis Midcap Fund - Growth 12.06% 11, % 13, % 29, % 34,370 S&P BSE Midcap (Benchmark) -3.45% 9, % 14, % 27, % 24, Feb-11 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 22,052 Axis Midcap Fund - Direct Plan - Growth 13.27% 11, % 13, % 31, % 26,866 S&P BSE Midcap (Benchmark) -3.45% 9, % 14, % 27, % 22, Jan-13 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 19,755 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 6 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. % OF ASSETS FINANCE Gruh Finance Limited 5.66 Bajaj Finance Limited 3.89 Sundaram Finance Limited 3.36 Mahindra & Mahindra Financial Services Limited 2.56 HDFC Asset Management Company Limited 1.19 Cholamandalam Investment and Finance Company Limited 1.05 BANKS 9.95 City Union Bank Limited 5.49 HDFC Bank Limited 4.46 AUTO ANCILLARIES 9.34 Endurance Technologies Limited 4.31 WABCO India Limited 1.79 MRF Limited 1.36 Balkrishna Industries Limited 1.22 Varroc Engineering Limited 0.65 INDUSTRIAL PRODUCTS 9.16 Astral Poly Technik Limited 3.61 Supreme Industries Limited 3.02 Schaeffler India Limited 1.89 Cummins India Limited 0.64 PHARMACEUTICALS 8.56 Torrent Pharmaceuticals Limited 3.05 Divi's Laboratories Limited 3.02 Sanofi India Limited 2.49 TEXTILE PRODUCTS 6.25 Page Industries Limited 6.25 SOFTWARE 5.62 Info Edge (India) Limited 3.11 MphasiS Limited 2.52 RETAILING 4.20 Avenue Supermarts Limited 2.47 Trent Limited 1.73 CONSUMER NON DURABLES 3.94 Berger Paints (I) Limited 1.85 Kansai Nerolac Paints Limited 1.50 Colgate Palmolive (India) Limited 0.59 OTHERS Cement 2.99 ACC Limited 2.99 Consumer Durables 2.45 TTK Prestige Limited 1.84 Symphony Limited 0.61 Gas 1.99 Indraprastha Gas Limited 1.99 Construction Project 1.42 Voltas Limited 1.42 Industrial Capital Goods 1.18 V-Guard Industries Limited 1.18 Other Equity (less than 0.50% of the corpus) 0.39 Total Equity Cash & Other Receivables Net Assets 100% Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

10 AXIS LONG TERM EQUITY FUND (An Open-Ended Equity Linked Savings Scheme With A Statutory Lock In Of 3 Years And Tax Benefit) INVESTMENT OBJECTIVE: To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. 29th December 2009 STATISTICAL MEASURES (3 YEARS) Standard % Deviation Beta Sharpe Ratio** SECTOR ALLOCATION 17, Cr. 16, Cr. TURNOVER* (1 YEAR) 1.14 times Banks Finance Software Auto Ancillaries 7.22 Auto 7.22 Chemicals 5.96 PERFORMANCE (as on 28th September 2018) DIVIDENDS S&P BSE 200 Mr. Jinesh Gopani Work experience: 17 years. He has been managing this fund since 1st April 2011 NIL **Risk-free rate assumed to be 6.60% (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 28th SEPTMBER Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. Pharmaceuticals 5.65 Consumer 4.51 Durables Retailing Period 1 Year 3 Years 5 Years Since Inception Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) s Record Date Mar 22, Jan 31, Regular Jan 25, Dividend Jan 22, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st JULY ` 10, Date of inception Axis Long Term Equity Fund - Growth 8.04% 10, % 13, % 28, % 41,813 S&P BSE 200 (Benchmark) 9.54% 10, % 14, % 21, % 24, Dec-09 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 23,467 Axis Long Term Equity Fund - Direct Plan - Growth 9.14% 10, % 14, % 30, % 29,943 S&P BSE 200 (Benchmark) 9.54% 10, % 14, % 21, % 20, Jan-13 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 19,755 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. % OF ASSETS BANKS HDFC Bank Limited 9.26 Kotak Mahindra Bank Limited 6.91 Bandhan Bank Limited 3.83 FINANCE HDFC Limited 5.23 Bajaj Finance Limited 4.99 Gruh Finance Limited 4.52 Sundaram Finance Limited 2.46 Multi Commodity Exchange of India Limited 0.68 Mas Financial Services Limited 0.63 SOFTWARE Tata Consultancy Services Limited 9.92 Info Edge (India) Limited 2.56 AUTO ANCILLARIES 7.22 Motherson Sumi Systems Limited 2.67 WABCO India Limited 2.07 Endurance Technologies Limited 1.58 Varroc Engineering Limited 0.90 AUTO 7.22 Maruti Suzuki India Limited 4.38 Eicher Motors Limited 2.84 CHEMICALS 5.96 Pidilite Industries Limited 5.96 PHARMACEUTICALS 5.28 Sun Pharmaceutical Industries Limited 4.04 Divi's Laboratories Limited 1.23 CONSUMER DURABLES 4.51 TTK PRESTIGE LIMITED 3.05 Symphony Limited 1.47 RETAILING 3.70 Avenue Supermarts Limited 3.70 OTHERS 9.11 POWER 2.69 Torrent Power Limited 2.69 Industrial Products 1.94 Astral Poly Technik Limited 1.32 Cummins India Limited 0.62 Construction Project 1.86 Larsen & Toubro Limited 1.86 Textile Products 1.38 Page Industries Limited 1.38 Consumer Non Durables 0.70 Nestle India Limited 0.70 Industrial Capital Goods 0.54 V-Guard Industries Limited 0.54 Other Equity (less than 0.50% of the corpus) 0.91 Total Equity Debt, Cash & Other Receivables 5.11 Net Assets 100% ^Commercial Paper Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

11 AXIS MULTICAP FUND (An Open-Ended Equity Scheme Investing Across Large Cap, Mid Cap, Small Cap Stocks.) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related struments across market capitalization. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. 20th November 2017 SECTOR ALLOCATION 2, Cr. 2, Cr. Banks Finance Consumer Non Durables Software Auto 6.46 Nifty 500 Index Mr. Shreyash Devalkar Work experience: 17 years. He has been managing this fund since inception. If redeemed / switched-out within 12 months from the date of allotment: For 10% of investment: NIL For remaining investment: 1% If redeemed / switched - out after 12 months from the date of allotment: Nil (w.e.f. May 18, 2018) Since scheme has not completed one year, performance details for the same are not provided. Retailing 2.95 Textile Products 2.70 Chemicals 2.39 Auto Ancillaries Rating % OF ASSETS CORPORATE BOND 6.69 Vodafone Mobile Services Limited CRISIL AA HDFC Limited CRISIL AAA 0.93 IndoStar Capital Finance Limited CARE AA Indiabulls Housing Finance Limited CRISIL AAA 0.90 Power Finance Corporation Limited CRISIL AAA 0.90 Dewan Housing Finance Corporation Limited BWR AAA 0.70 Cholamandalam Investment and Finance Company Limited IND AA Reliance Jio Infocomm Limited CRISIL AAA 0.36 LIC Housing Finance Limited CRISIL AAA 0.18 Piramal Capital & Housing Finance Limited ICRA AA Rural Electrification Corporation Limited CRISIL AAA 0.36 OTHERS 1.76 Indiabulls Housing Finance Limited CRISIL A GOVERNMENT BOND % GOI SOVEREIGN 0.02 ZERO COUPON BOND 0.82 IDFC BANK LIMITED IND AA JM Financial Products Limited ICRA AA 0.27 LIC Housing Finance Limited CRISIL AAA 0.20 STATE GOVERNMENT BOND SOVEREIGN 0.37 BANKS HDFC Bank Limited 9.39 Kotak Mahindra Bank Limited 4.82 Bandhan Bank Limited 3.27 ICICI Bank Limited 1.93 FINANCE Bajaj Finance Limited 6.06 HDFC Limited 5.11 Bajaj Finserv Limited 1.20 CONSUMER NON DURABLES Hindustan Unilever Limited 3.16 Asian Paints Limited 2.03 Dabur India Limited 1.84 Britannia Industries Limited 1.82 Nestle India Limited 1.67 Kansai Nerolac Paints Limited 0.88 SOFTWARE Tata Consultancy Services Limited 7.40 Infosys Limited 1.57 MphasiS Limited 1.37 AUTO 6.46 Maruti Suzuki India Limited 4.84 Mahindra & Mahindra Limited 1.62 RETAILING 2.95 Avenue Supermarts Limited 2.95 TEXTILE PRODUCTS 2.70 Page Industries Limited 2.70 CHEMICALS 2.39 Pidilite Industries Limited 2.39 AUTO ANCILLARIES 2.07 Varroc Engineering Limited 1.13 Motherson Sumi Systems Limited 0.94 OTHERS 9.04 Pharmaceuticals 2.03 Divi's Laboratories Limited 2.03 Petroleum Products 1.83 Reliance Industries Limited 1.83 Consumer Durables 1.53 Titan Company Limited 1.53 Construction Project 1.25 Larsen & Toubro Limited 1.25 Industrial Capital Goods V-Guard Industries Limited 0.87 Cement 0.80 Shree Cement Limited 0.80 Industrial Products 0.73 Astral Poly Technik Limited 0.73 Other Equity (less than 0.50% of the corpus) 0.85 Total Equity Debt, Cash & Other Receivables ^Commercial Paper 11 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

12 FIXED INCOME O C T O B E R % 4.17% 6.50% 6.00% 6.65% 10 yr G-Sec : Last 1 year 3.28% CPI Inflation : Last 1 year Repo : Last 1 year QUICK TAKE INR continues to remain relatively strong on a REER basis. RBI remains cautious of steep corrections. The RBI is focused on maintaining a neutral liquidity stance and will focus on OMO`s to manage liquidity and bond yields. Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward perspective. We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds Key Events During the Month Currency & Oil: The INR continued its downward descent ending the month at V/s the US Dollar. Crude oil also saw its highest levels since Nov 2014 at US$82.72/barrel. Despite the government s measure to ease tensions surrounding the fiscal budget, markets have been in a wait and watch mode as the currency & oil compound problems for the domestic economy. 10 Year breaches 8.00%: Bond markets saw a volatile month amidst rising crude and rupee depreciation. FPI`s continued to remain sellers in the market as the global risk off trade continues to sweep through EM markets. The benchmark rate ended the month at 8.02% after briefly touching 8.18% a 3 year high. Money Market Liquidity Squeeze: The month was characterized by a default by a systemically important public financial institution. This had a ripple effect across the debt market. However, regulators were quick to act in an attempt to avoid the contagion risk. The RBI in particular provided much needed liquidity to the system through a series of OMO`s and other support to the market. Inflation The Pullback continues: Inflation for the month continued to ease to 3.69% in August V/s 4.17 in July. Slowing inflation in food prices, which make up nearly half of CPI, cancelled out price rises in imported goods stemming from the weakening rupee currency. Inflation numbers were also propped down by the high base effect same time last year. RBI holds key rates: The Reserve Bank of India (RBI) decided to keep rates unchanged while shifting its stance from neutral to calibrated tightening. In its policy, the RBI factored the currency depreciation and benign inflation and the liquidity squeeze in the money markets. The underlying consideration for keeping rates unchanged focused on the domestic positives like improving macro-economic conditions and buoyant industrial growth while maintaining caution on the external environment. Market View With Brent at US$83 and the freefall in the rupee, we are not in an ideal macro situation as in But we do not anticipate a 2013 like situation. financial stability is a result of learnings from the 2013 crises and prompt government and regulatory action. India, currently is one of the only global economies with a 7.5% GDP growth, low inflation and fairly valued currency whilst having a 150bps+ positive real rate. Further, the improving credit environment gives us confidence despite the liquidity squeeze and the IL&FS downgrade. Markets saw some degree of liquidity tightness post the default of a large public financial institution. Post RBI action and clarity on the matter the markets are returning to a state of normalcy. However, market rates continue to remain elevated. For now, the value is clearly at the short end of the corporate curve (~3-year mark). ly short bonds offer 200+ basis spreads over operative rates and hence remain conducive for investors on a risk reward basis. In Summary INR continues to remain relatively strong on a REER basis. RBI remains cautious of steep corrections. Market will wait for RBI commentary in light of worsening fiscal factors and the external economy. Markets have already priced in a rate hike. Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward perspective. We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds YEAR G-SEC YIELD 8.02% Source: Bloomberg, Axis MF Research.

13 AXIS LIQUID FUND (An Open-Ended Liquid Scheme) INVESTMENT OBJECTIVE: To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. ^^ 9th October , Cr. 20, Cr. NIFTY Liquid Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL MONEY MARKET INSTRUMENTS^ BANKS RBL Bank Limited ICRA A Yes Bank Limited ICRA A IDFC Bank Limited ICRA A IndusInd Bank Limited CRISIL A AVERAGE MATURITY* 48 days MODIFIED DURATION* 44 days YIELD (YIELD TO MATURITY & ) 7.51% Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November Mr. Aditya Pagaria Work experience: 11 years. He has been managing this fund since 13th August IndusInd Bank Limited CRISIL A The South Indian Bank Limited CARE A OTHERS NABARD ICRA A HDFC Limited CRISIL A Piramal Enterprises Limited ICRA A Reliance Jio Infocomm Limited CRISIL A Indiabulls Housing Finance Limited CRISIL A UltraTech Cement Limited CRISIL A Tata Capital Financial Services Limited CRISIL A Dewan Housing Finance Corporation Limited CRISIL A Vedanta Limited CRISIL A IIFL Securities Limited CRISIL A Indiabulls Commercial Credit Limited ICRA A ECL Finance Limited CRISIL A Shriram Transport Finance Company Limited CRISIL A COMPOSITION BY ASSETS COMPOSITION BY RATING Total Money Market Instruments* % Zero Coupon Bond % * Includes Net Assets CARE A1+/ CRISIL A1+/ CRISIL A1+(SO)/ ICRA A1+/ IND A1+ & Equivalent % SOV % CRISIL AA % India Infoline Finance Limited CRISIL A Sun Pharmaceutical Industries Limited ICRA A JSW Steel Limited ICRA A Power Finance Corporation Limited CRISIL A Piramal Capital & Housing Finance Limited CRISIL A JM Financial Products Limited ICRA A Capital First Limited ICRA A PERFORMANCE (as on 30th September 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Regular Plan Retail Plan Direct Plan Dividend (` Per Dividend (` Per Dividend (` Per unit) unit) unit) s Record Date Sep 25, , , , , , , Monthly Aug 27, , , , , , , Dividend July 25, , , , , , , Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` Dividends disclosed above are since the inception of the fund. NIL * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. 13 ` 10,000 Date of inception Axis Liquid Fund - Growth 7.16% 10, % 12, % 14, % 19,903 NIFTY Liquid Index (Benchmark) 7.00% 10, % 12, % 14, % 19,804 NIFTY 1 Year T-Bill Index (Additional 6.02% 10, % 12, % 14, % 17, Oct-09 Benchmark) Axis Liquid Fund - Direct Plan - Growth 7.22% 10, % 12, % 14, % 15,695 NIFTY Liquid Index (Benchmark) 7.00% 10, % 12, % 14, % 15,532 NIFTY 1 Year T-Bill Index (Additional 6.02% 10, % 12, % 14, % 15, Dec-12 Benchmark) Axis Liquid Fund - Retail - Growth 6.54% 10, % 12, % 14, % 18,842 NIFTY Liquid Index (Benchmark) 7.00% 10, % 12, % 14, % 19,539 NIFTY 1 Year T-Bill Index (Additional 6.02% 10, % 12, % 14, % 17, Mar-10 Benchmark) Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on Page for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). TMF Holdings Limited ICRA A Bharti Airtel Limited CRISIL A Cholamandalam Investment and ICRA A Finance Company Limited Dewan Housing Finance Corporation Limited ICRA A Talwandi Sabo Power Limited CRISIL A1+(SO) 1.19 L&T Infrastructure Finance Company Limited ICRA A IIFL Home Finance Limited CRISIL A Reliance Jio Infocomm Limited CARE A Rural Electrification Corporation Limited CRISIL A Mahindra & Mahindra Financial Services Limited CRISIL A Muthoot Finance Limited CRISIL A IIFL Wealth Finance Limited CRISIL A Tata Sons Ltd ICRA A Mahindra Rural Housing Finance IND A HDFC Credila Financial Services Pvt Limited CRISIL A Tata Power Renewable Energy Limited CRISIL A Network18 Media & Investments Limited ICRA A Varroc Engineering Limited ICRA A TV Sundram Iyengar & Sons Pvt Ltd ICRA A CEAT Limited CARE A Tata Capital Housing Finance Limited ICRA A TVS Credit Services Limited CRISIL A HDFC Limited ICRA A TREASURY BILL Days Tbill Sovereign Days Tbill SOVEREIGN 0.64 TOTAL DEBT 0.13 ZERO COUPON BOND 0.13 JM Financial Products Limited CRISIL AA 0.13 NET CURRENT ASSETS NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/BRDS/Treasury Bill Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

14 AXIS TREASURY ADVANTAGE FUND (An Open Ended Low Duration Debt Scheme Investing In Instruments Such That The Macaulay Duration Of The Portfolio Is Between 6 To 12 Months) INVESTMENT OBJECTIVE: To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the Scheme will be achieved. 9th October 2009 AVERAGE MATURITY * 222 days MODIFIED DURATION * 198 days YIELD (YIELD TO MATURITY & ) 8.53% Total Money Market Instruments* % Corporate Bond % Zero Coupon Bond % Pass Through Certificate % * Includes Net Assets 3, Cr. 2, Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 07th June NIFTY Low Duration Debt Index % ( % w.e.f. 16th July, 2018) Mr. Aditya Pagaria Work experience: 11 years. He has been managing this fund since 13th August COMPOSITION BY ASSETS COMPOSITION BY RATING PERFORMANCE (as on 28th September 2018) DIVIDENDS CARE A1+/ CRISIL A1+/ ICRA A1+/ IND A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ ICRA AAA/ ICRA AAA(SO) & Equivalent % CRISIL AA/ ICRA AA % CRISIL AA+/ IND AA % CARE AA % Period Date 1 Year 3 Years 5 Years Since Inception Regular Plan Retail Plan Direct Plan Dividend (` Per Dividend (` Per Dividend (` Per unit) unit) unit) s Record Date Sep 25, , , , , , , Monthly Aug 27, , , , , , , Dividend July 25, , , , , , , Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` Dividends disclosed above are since the inception of the fund. NIL * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, ` 10,000 Date of inception Axis Treasury Advantage Fund - Growth 6.34% 10, % 12, % 14, % 19,943 NIFTY Low Duration Debt Index (Benchmark) 6.36% 10, % 12, % 14, % 20, Oct-09 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 17,988 Axis Treasury Advantage Fund - Direct Plan - Growth 6.90% 10, % 12, % 14, % 16,008 NIFTY Low Duration Debt Index (Benchmark) 6.36% 10, % 12, % 14, % 15, Jan-13 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,073 Axis Treasury Advantage Fund - Retail - Growth 6.03% 10, % 12, % 14, % 18,663 NIFTY Low Duration Debt Index (Benchmark) 6.36% 10, % 12, % 14, % 19, Mar-10 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 17,726 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 34 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 5 schemes. Please refer to annexure on for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL MONEY MARKET INSTRUMENTS^ BANKS IndusInd Bank Limited CRISIL A Yes Bank Limited ICRA A HDFC Bank Limited ICRA A IndusInd Bank Limited CRISIL A Small Industries Dev Bank of India CARE A NABARD CRISIL A OTHERS Reliance Industries Limited CRISIL A HDFC Limited CRISIL A Reliance Jio Infocomm Limited CRISIL A Tata Capital Financial Services Limited CRISIL A Larsen & Toubro Limited CRISIL A Edelweiss Commodities Services Limited CRISIL A Indiabulls Housing Finance Limited CRISIL A HSBC InvestDirect Financial Services (India) Limited IND A L&T Infrastructure Finance Company Limited ICRA A Indiabulls Housing Finance Limited ICRA A LIC Housing Finance Limited CRISIL A Bharti Airtel Limited CRISIL A Piramal Enterprises Limited ICRA A Tata Motors Limited ICRA A PASS THROUGH CERTIFICATE 0.33 Rainbow Devices Trust ICRA AAA(SO) 0.33 TOTAL DEBT CORPORATE BOND Power Finance Corporation Limited CRISIL AAA 6.88 Piramal Capital & Housing Finance Limited ICRA AA 2.76 LIC Housing Finance Limited CRISIL AAA 2.58 Indian Railway Finance Corporation Limited CRISIL AAA 1.89 Hinduja Leyland Finance Limited CARE AA Reliance Jio Infocomm Limited CRISIL AAA 1.83 India Infoline Finance Limited ICRA AA 1.25 Indiabulls Housing Finance Limited BWR AAA 1.17 Small Industries Dev Bank of India CARE AAA 1.17 Muthoot Finance Limited CRISIL AA 1.15 Shriram Transport Finance Company Limited IND AA HDFC Limited CRISIL AAA 0.95 Edelweiss Commodities Services Limited CRISIL AA 0.91 Shriram Transport Finance Company Limited CRISIL AA ICICI Home Finance Company Limited ICRA AAA 0.89 Mahindra Rural Housing Finance IND AA Dewan Housing Finance Corporation Limited BWR AAA 0.73 NHPC Limited ICRA AAA 0.72 Adani Transmission Limited IND AA Power Grid Corporation of India Limited CRISIL AAA 0.37 NABARD CRISIL AAA 0.37 Export Import Bank of India CRISIL AAA 0.18 Rural Electrification Corporation Limited CRISIL AAA 0.13 ZERO COUPON BOND 6.07 Dewan Housing Finance Corporation Limited CARE AAA 3.65 TMF Holdings Limited CRISIL AA 1.04 JM Financial Products Limited CRISIL AA 0.55 IDFC Bank Limited IND AA IIFL Home Finance Limited CRISIL AA 0.37 NET CURRENT ASSETS 5.69 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/BRDS Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

15 AXIS SHORT TERM FUND (An Open Ended Short Term Debt Scheme Investing In Instruments Such That The Macaulay Duration Of The Portfolio Is Between 1 Year To 3 Years) INVESTMENT OBJECTIVE: To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. 22nd January 2010 AVERAGE MATURITY * 1.6 years MODIFIED DURATION * 1.3 years YIELD (YIELD TO MATURITY & ) 8.84% 4, Cr. 4, Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November NIFTY Short Duration Debt Index % ( % w.e.f. 16th July, 2018) COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond % Total Money Market Instruments* % CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL Government Bond % AAA(SO)/ ICRA AAA/ ICRA AAA(SO)/ IND AAA & Equivalent % Zero Coupon Bond % SOV % CARE AA+/ CRISIL AA+/ ICRA AA+/ IND AA % Pass Through Certificate % State Government Bond % CRISIL AA % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Regular Plan Retail Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Dividend (` Per unit) s Record Date Sep 25, Aug 27, Monthly July 25, Dividend Jun 25, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. NIL * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, ` 10,000 Date of inception Axis Short Term Fund - Growth 4.41% 10, % 12, % 14, % 19,226 NIFTY Short Duration Debt Index (Benchmark) 4.44% 10, % 12, % 14, % 19, Jan-10 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 17,755 Axis Short Term Fund - Direct Plan - Growth 5.14% 10, % 12, % 15, % 16,055 NIFTY Short Duration Debt Index (Benchmark) 4.44% 10, % 12, % 14, % 15, Jan-13 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,073 Axis Short Term Fund - Retail - Growth 4.40% 10, % 12, % 14, % 19,009 NIFTY Short Duration Debt Index (Benchmark) 4.44% 10, % 12, % 14, % 19, Mar-10 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 17,728 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes of Axis Mutual Fund. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL DEBT CORPORATE BOND Power Finance Corporation Limited CRISIL AAA 9.73 HDFC Limited CRISIL AAA 6.92 Small Industries Dev Bank of India CARE AAA 5.37 LIC Housing Finance Limited CRISIL AAA 4.64 Rural Electrification Corporation Limited CRISIL AAA 4.31 Tata Sons Ltd CRISIL AAA 3.29 Reliance Jio Infocomm Limited CRISIL AAA 2.86 NABARD IND AAA 1.73 Mahindra & Mahindra Financial Services Limited IND AAA 1.70 Tata Capital Financial Services Limited CRISIL AAA 1.61 Cholamandalam Investment and Finance Company Limited ICRA AA Indiabulls Housing Finance Limited BWR AAA 1.31 Muthoot Finance Limited CRISIL AA 1.31 NABARD CRISIL AAA 1.30 L&T Housing Finance CARE AAA 1.06 Jamnagar Utilities & Power Private Limited CRISIL AAA 1.03 Dewan Housing Finance Corporation Limited CARE AAA 0.98 NHPC Limited ICRA AAA 0.90 Gruh Finance Limited CRISIL AAA 0.84 National Highways Auth Of Ind CRISIL AAA 0.83 Nirma Limited CRISIL AA 0.81 IDFC Bank Limited IND AA Power Grid Corporation of India Limited CRISIL AAA 0.65 Tata Motors Limited CARE AA Mahindra Rural Housing Finance CRISIL AA Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.53 Tata Capital Financial Services Limited ICRA AAA 0.53 Indian Railway Finance Corporation Limited CRISIL AAA 0.47 Dewan Housing Finance Corporation Limited BWR AAA 0.45 Reliance Industries Limited CRISIL AAA 0.41 Shriram Transport Finance Company Limited CRISIL AA Sikka Ports and Terminals Limited CRISIL AAA 0.33 Adani Transmission Limited IND AA L&T Infrastructure Finance Company Limited CARE AAA 0.32 HDB Financial Services Limited CRISIL AAA 0.31 Bajaj Finance Limited CARE AAA 0.23 Mahindra Rural Housing Finance IND AA Bhopal Dhule Transmission Company Limited CRISIL AAA 0.21 Indiabulls Housing Finance Limited CARE AAA 0.11 Bharti Airtel Limited CRISIL AA Export Import Bank of India CRISIL AAA 0.01 GOVERNMENT BOND SOVEREIGN 9.00 ZERO COUPON BOND 3.54 Dewan Housing Finance Corporation Limited CARE AAA 1.93 IDFC BANK LIMITED IND AA Mahindra & Mahindra Financial Services Limited IND AAA 0.27 Kotak Mahindra Prime Limited CRISIL AAA 0.27 Axis Finance Limited IND AAA 0.03 HDB Financial Services Limited CRISIL AAA 0.01 STATE GOVERNMENT BOND SOVEREIGN 0.73 TOTAL MONEY MARKET INSTRUMENTS^ OTHERS NABARD ICRA A Reliance Industries Limited CRISIL A Indiabulls Housing Finance Limited CRISIL A Reliance Jio Infocomm Limited CRISIL A L&T Infrastructure Finance Company Limited ICRA A Bharti Airtel Limited CRISIL A Indiabulls Housing Finance Limited ICRA A LIC Housing Finance Limited CRISIL A Dewan Housing Finance Corporation Limited CRISIL A HDFC Limited CRISIL A Reliance Retail Ltd CRISIL A Shriram Transport Finance Company Limited CRISIL A BANKS 1.68 Yes Bank Limited ICRA A Small Industries Dev Bank of India CARE A TREASURY BILL DAYS TBILL SOVEREIGN 0.01 PASS THROUGH CERTIFICATE 3.29 Rent-A-Device Trust ICRA AAA(SO) 1.40 Rainbow Devices Trust ICRA AAA(SO) 1.35 Sansar Trust ICRA AAA(SO) 0.54 NET CURRENT ASSETS 3.53 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/Treasury Bill Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

16 AXIS DYNAMIC BOND FUND (An Open-Ended Dynamic Debt Scheme Investing Across Duration) INVESTMENT OBJECTIVE: To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. 27th April Cr Cr. NIFTY Composite Debt Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT GOVERNMENT BOND SOVEREIGN CORPORATE BOND Reliance Jio Infocomm Limited CRISIL AAA AVERAGE MATURITY* 5.6 years MODIFIED DURATION* 3.9 years YIELD (YIELD TO MATURITY & ) 8.66% Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since inception Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November Union Bank of India BWR AA 5.66 Punjab National Bank IND A Syndicate Bank IND AA Renew Power Limited CARE A Tata Power Company Limited CRISIL AA COMPOSITION BY ASSETS COMPOSITION BY RATING Government Bond % SOV % CRISIL AAA/ CRISIL AAA(SO)/ ICRA Corporate Bond % AAA(SO) & Equivalent % BWR A+(SO)/ CARE A+/ Total Money Market Instruments* % Pass Through Certificate % IND A % CRISIL AA-/ IND AA-/ ICRA AA-(SO) % Reduced Face Value Bonds - Non Amortisation % BWR AA % ICRA A-(SO) % IND A(SO) % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000 Date of inception Axis Dynamic Bond Fund - Growth 1.88% 10, % 12, % 14, % 17,835 NIFTY Composite Debt Index (Benchmark) 0.67% 10, % 11, % 14, % 17,560 NIFTY 10 yr Benchmark G-Sec (Additional -2.92% 9, % 11, % 14, % 15, Apr-11 Benchmark) Axis Dynamic Bond Fund - Direct Plan - Growth 2.79% 10, % 12, % 15, % 16,315 NIFTY Composite Debt Index (Benchmark) 0.67% 10, % 11, % 14, % 15,151 NIFTY 10 yr Benchmark G-Sec (Additional -2.92% 9, % 11, % 14, % 13, Jan-13 Benchmark) Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Calculations are based on Growth. Since inception returns are calculated at Rs.10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 34 schemes. Please refer to annexure on Page 32&33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). India Infrastructure Fin Co Ltd CRISIL AAA 1.41 Suhani Trading And Investment Consultants Private Limited REDUCED FACE VALUE BONDS - NON AMORTISATION BWR A+(SO) Ess Kay Fincorp Limited IND A(SO) 1.07 TOTAL MONEY MARKET INSTRUMENTS^ 8.03 TREASURY BILL DAYS TBILL SOVEREIGN Days Tbill Sovereign 1.07 PASS THROUGH CERTIFICATE 7.73 IIERT TRUST CRISIL AAA(SO) 3.48 ZENITH TRUST ICRA A-(SO) 1.84 Solstice Trust Sansar Trust ICRA AA- (SO) ICRA AAA(SO) NET CURRENT ASSETS 4.83 NET ASSETS 100% ^Treasury Bill DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) s Record Date Sep 25, Mar 26, Half Yearly Dividend Sep 25, Mar 27, Sep 25, Quarterly Dividend Jun 25, Mar 26, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. NIL 16 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

17 AXIS CORPORATE DEBT FUND (FORMERLY KNOWN AS AXIS CORPORATE DEBT OPPORTUNITIES FUND) (An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds ) INVESTMENT OBJECTIVE: The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no assurance or guarantee that the objectives of the Scheme will be realized. 13th July Cr Cr. NIFTY Corporate Bond Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT CORPORATE BOND Power Finance Corporation Limited CRISIL AAA Reliance Jio Infocomm Limited CRISIL AAA 9.42 AVERAGE MATURITY* 1.5 years MODIFIED DURATION* 1.3 years YIELD (YIELD TO MATURITY & ) 9.19% Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 13th July Rural Electrification Corporation Limited CRISIL AAA 9.17 Small Industries Dev Bank of India CARE AAA 7.66 Dewan Housing Finance Corporation Limited BWR AAA 5.62 Indian Railway Finance Corporation Limited CRISIL AAA 4.64 HDFC Limited CRISIL AAA 3.16 Indiabulls Housing Finance Limited BWR AAA 3.15 IndoStar Capital Finance Limited CARE AA Jamnagar Utilities & Power Private Limited CRISIL AAA 3.12 Export Import Bank of India CRISIL AAA 3.09 COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond % CRISIL A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO) & Total Money Market Instruments* % Equivalent % SOV % BWR A+(SO)/ CARE A+/ Government Bond % Pass Through Certificate % IND A % CRISIL AA+/ IND AA % CARE AA-/ Zero Coupon Bond % IND AA % ICRA A-(SO) % Reduced Face Value Bonds - Non IND A(SO) % Amortisation % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000 Axis Corporate Debt Fund - Growth 6.35% 10, % 10,803 NIFTY Corporate Bond Index (Benchmark) 3.32% 10, % 10,488 CRISIL 1 Year T-Bill (Additional Benchmark) 5.57% 10, % 10,689 Axis Corporate Debt Fund - Direct Plan 7.30% 10, % 10,920 NIFTY Corporate Bond Index (Benchmark) 3.32% 10, % 10,488 CRISIL 1 Year T-Bill (Additional Benchmark) 5.57% 10, % 10,689 DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) s Record Date Sep 27, Aug 27, Monthly July 25, Dividend Jun 25, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund.. Date of inception 13-Jul Jul-17 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the schmes since 13th July 2017 and he manages 34 schemes. Please refer to annexure on Page 32&33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). If redeemed / switched-out on or before 6 months from the date of allotment: 0.50%; If redeemed / switched out after 6 months from the date of allotment : Nil. (w.e.f. August 3, 2018) * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, Renew Power Limited CARE A Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 1.87 Mahindra Rural Housing Finance IND AA Syndicate Bank IND AA Punjab National Bank IND A Bharti Airtel Limited CRISIL AA GOVERNMENT BOND SOVERIGN 7.59 ZERO COUPON BOND 3.06 IDFC Bank Limited IND AA REDUCED FACE VALUE BONDS - NON AMORTISATION 0.63 ESS KAY FINCORP LIMITED IND A(SO) 0.63 TOTAL MONEY MARKET INSTRUMENTS^ 8.19 OTHERS 8.19 Indiabulls Housing Finance Limited CRISIL A IndoStar Capital Finance Limited CRISIL A PASS THROUGH CERTIFICATE 3.57 IIERT TRUST CRISIL AAA(SO) 1.58 Zenith Trust ICRA A-(SO) 1.29 MFL Securitisation Trust CRISIL AAA(SO) 0.70 NET CURRENT ASSETS 3.26 NET ASSETS 100% ^Commercial Paper Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

18 AXIS STRATEGIC BOND FUND (FORMERLY KNOWN AS AXIS REGULAR SAVINGS FUND) (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years ) INVESTMENT OBJECTIVE: To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. 28th March 2012 AVERAGE MATURITY * 2.6 years MODIFIED DURATION * 2.1 years YIELD (YIELD TO MATURITY & ) 9.78% s Record Date Dividend (` Per unit) 1, Cr. 1, Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November Regular Plan Dividend (` Per unit) NIFTY Medium Duration Debt Index % ( % w.e.f. 16th July, 2018) Mr Dhaval Patel Work experience: 14 years. He has been co-managing this fund since 1st June 2018 COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond % BWR AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equivalent Government Bond % % CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ BWR AA/ CRISIL Pass Through Certificate % Reduced Face Value Bonds - Non Amortisation % AA(SO) % CARE AA-/ CRISIL AA-/ ICRA AA-/ IND AA-/ ICRA AA-(SO) Total Money Market Instruments* % % SOV % BWR A+(SO)/ CARE A+/ ICRA A+/ CARE Zero Coupon Bond % A+(SO)/ IND A+/ CRISIL A % CRISIL AA+/ ICRA AA+ State Government Bond % % IND A(SO)/ BWR A(SO) % ICRA A-(SO)/ CARE A % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Direct Plan Half Yearly Dividend Sep 26, Mar 26, Sep 25, Mar 27, Quarterly Dividend Sep 25, Jun 25, Mar 26, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, ` 10,000 Date of inception Axis Strategic Bond Fund - Growth 4.79% 10, % 12, % 15, % 17,266 NIFTY Medium Duration Debt Index (Benchmark) 1.93% 10, % 12, % 14, % 16,788 NIFTY 10 yr Benchmark G-Sec (Additional -2.92% 9, % 11, % 14, % 15, Mar-12 Benchmark) Axis Strategic Bond Fund - Direct Plan - Growth 5.54% 10, % 12, % 16, % 16,690 NIFTY Medium Duration Debt Index (Benchmark) 1.93% 10, % 12, % 14, % 15,346 NIFTY 10 yr Benchmark G-Sec (Additional -2.92% 9, % 11, % 14, % 13, Jan-13 Benchmark) Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes amd Dhaval Patel schemes is managing the scheme since 1st June 2018 and he manages 1 scheme of Axis Mutual Fund. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). RATING 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 % OF ASSETS TOTAL DEBT CORPORATE BOND Power Finance Corporation Limited CRISIL AAA 5.92 Rural Electrification Corporation Limited CRISIL AAA 4.25 Indiabulls Housing Finance Limited BWR AAA 3.85 Reliance Jio Infocomm Limited CRISIL AAA 3.67 Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.96 Bharti Airtel Limited CRISIL AA PVR Limited CRISIL AA Jubilant Life Sciences Limited CRISIL AA 2.59 Renew Power Limited CARE A IndoStar Capital Finance Limited CARE AA ICICI Bank Limited ICRA AA Suhani Trading And Investment Consultants Private BWR A+(SO) 2.06 Limited Bhopal Dhule Transmission Company Limited CRISIL AAA 2.01 HDFC Limited CRISIL AAA 1.87 Dewan Housing Finance Corporation Limited BWR AAA 1.87 Muthoot Finance Limited CRISIL AA 1.86 Coastal Gujarat Power Limited CARE AA(SO) 1.84 JK Lakshmi Cement Limited CARE AA 1.84 Magma Fincorp Limited ICRA AA Indian Railway Finance Corporation Limited CRISIL AAA 1.79 JM Financial Products Limited CRISIL AA 1.77 Punjab National Bank IND A Bank of Baroda CARE AA 1.69 Union Bank of India BWR AA 1.65 Vijaya Bank ICRA AA Northern Arc Capital Limited ICRA A Syndicate Bank IND AA Talwandi Sabo Power Limited CRISIL AA(SO) 1.20 Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.12 Dalmia Cement (Bharat) Limited ICRA AA 1.10 Hinduja Leyland Finance Limited CARE AA Vedanta Limited CRISIL AA 0.89 Vodafone Mobile Services Limited CRISIL AA Nirma Limited CRISIL AA 0.88 Gruh Finance Limited CRISIL AAA 0.72 Tata Power Company Limited CRISIL AA Sikka Ports and Terminals Limited CRISIL AAA 0.63 Hansdeep Industries & Trading Company Limited CARE AA(SO) 0.53 Edelweiss Commodities Services Limited ICRA AA 0.47 ECL Finance Limited ICRA AA 0.37 JM Financial Products Limited ICRA AA 0.37 Hindalco Industries Limited CRISIL AA 0.15 Piramal Capital & Housing Finance Limited ICRA AA 0.15 GOVERNMENT BOND SOVEREIGN 9.58 REDUCED FACE VALUE BONDS - NON AMORTISATION 2.76 SUBROS LIMITED ICRA A Narmada Wind Energy Private Limited CARE A+(SO) 0.72 IKF Finance Limited CARE A Ess Kay Fincorp Limited IND A(SO) 0.49 Asirvad Microfinance Ltd CRISIL A ZERO COUPON BOND 1.88 JSW Techno Projects Management Limited BWR A(SO) 1.88 State Government Bond SOVEREIGN 0.26 PASS THROUGH CERTIFICATE 7.69 Zenith Trust ICRA A-(SO) 1.83 Solstice Trust ICRA AA-(SO) 0.91 RENT-A-DEVICE TRUST ICRA AAA(SO) 2.51 IIERT TRUST CRISIL AAA(SO) 1.38 MFL Securitisation Trust CRISIL AAA(SO) 1.06 NET CURRENT ASSETS 2.71 NET ASSETS 100% 18 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

19 AXIS CREDIT RISK FUND (FORMERLY KNOWN AS AXIS FIXED INCOME OPPORTUNITIES FUND) (An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds cluding AA+ Rated Corporate Bonds ) INVESTMENT OBJECTIVE: To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 15th July 2014 AVERAGE MATURITY * 1.9 years MODIFIED DURATION * 1.6 years YIELD (YIELD TO MATURITY & ) 10.08% s Monthly Dividend Record Date Dividend (` Per unit) 1, Cr. 1, Cr. Regular Plan Mr. Devang Shah Work experience: 14 years. Dividend (` Per unit) NIFTY Credit Risk Bond Index % ( % w.e.f. 16th July, 2018) He has been managing this fund since inception. COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond % CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ IND AA/ BWR AA/ CRISIL AA(SO) Pass Through Certificate % % BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO)/ Zero Coupon Bond % Reduced Face Value Bonds - Non Amortisation % CARE A1+(SO) & Equivalent % CARE AA-/ CRISIL AA-/ ICRA AA-/ Total Money Market Instruments* % IND AA-/ ICRA AA-(SO) % BWR A+(SO)/ CARE A+/ ICRA A+/ CARE State Government Bond % A+(SO)/ IND A+/ CRISIL A % ICRA A-(SO)/ CARE A % Government Bond % IND A(SO)/ BWR A(SO) % SOV % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Direct Plan Aug 27, July 25, Jun 25, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund.. If redeemed / switched-out within 12 months from the date of allotment:- For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, ` 10,000 Date of inception Axis Credit Risk Fund - Growth 4.14% 10, % 12, % 13,882 NIFTY Credit Risk Bond Index (Benchmark) 4.64% 10, % 12, % 14, Jul-14 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 13,496 Axis Credit Risk Fund - Direct Plan - Growth 5.54% 10, % 12, % 14,571 NIFTY Credit Risk Bond Index (Benchmark) 4.64% 10, % 12, % 14, Jul-14 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 13,496 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 3 years.different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 34 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL DEBT CORPORATE BOND Dewan Housing Finance Corporation Limited BWR AAA 4.69 Rural Electrification Corporation Limited CRISIL AAA 3.78 Edelweiss Commodities Services Limited CRISIL AA 3.77 PVR Limited CRISIL AA Dalmia Cement (Bharat) Limited ICRA AA 3.23 Birla Corporation Limited ICRA AA 2.57 Hinduja Leyland Finance Limited CARE AA Renew Power Limited CARE A Piramal Enterprises Limited ICRA AA 2.36 Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 2.35 Bank of Baroda CARE AA 2.34 Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.31 Tata Power Company Limited IND AA 2.28 IndoStar Capital Finance Limited CARE AA Coastal Gujarat Power Limited CARE AA(SO) 2.06 JK Lakshmi Cement Limited CARE AA 2.05 ECL Finance Limited ICRA AA 2.05 Indiabulls Housing Finance Limited BWR AAA 1.95 Aasan Corporate Solutions Private Limited ICRA AA-(SO) 1.48 Jubilant Life Sciences Limited CRISIL AA 1.48 Power Finance Corporation Limited CRISIL AAA 1.46 Muthoot Finance Limited CRISIL AA 1.46 Nirma Limited CRISIL AA 1.46 Hansdeep Industries & Trading Company Limited CARE AA(SO) 1.38 Vodafone Mobile Services Limited CRISIL AA Magma Fincorp Limited ICRA AA Bhopal Dhule Transmission Company Limited CRISIL AAA 1.14 Talwandi Sabo Power Limited CRISIL AA(SO) 1.13 Union Bank of India BWR AA 0.99 Reliance Jio Infocomm Limited CRISIL AAA 0.97 Northern Arc Capital Limited ICRA A HDFC Limited CRISIL AAA 0.89 Nuvoco Vistas Corporation Limited CRISIL AA 0.88 Syndicate Bank IND AA Punjab National Bank IND A Tata Power Company Limited CRISIL AA Edelweiss Commodities Services Limited ICRA AA 0.59 LIC Housing Finance Limited CRISIL AAA 0.47 Power Grid Corporation of India Limited CRISIL AAA 0.34 Vijaya Bank ICRA AA Indiabulls Housing Finance Limited CARE AAA 0.06 JM Financial Products Limited CRISIL AA 0.06 NABARD CRISIL AAA 0.01 ZERO COUPON BOND 7.32 Amri Hospitals Limited BWR A+(SO) 3.60 JSW Techno Projects Management Limited BWR A(SO) 2.39 IIFL Home Finance Limited CRISIL AA 1.33 REDUCED FACE VALUE BONDS - NON AMORTISATION 6.53 Narmada Wind Energy Private Limited CARE A+(SO) 2.29 IKF Finance Limited CARE A Asirvad Microfinance Ltd CRISIL A Ess Kay Fincorp Limited IND A(SO) 0.75 Subros Limited ICRA A STATE GOVERNMENT BOND SOVEREIGN 0.32 GOVERNMENT BOND SOVEREIGN 0.27 TOTAL MONEY MARKET INSTRUMENTS^ 0.58 OTHERS 0.58 ReNew Solar Power Private Limited CARE A1+(SO) 0.58 PASS THROUGH CERTIFICATE Zenith Trust ICRA A-(SO) 2.92 Solstice Trust ICRA AA-(SO) 1.09 Sansar Trust ICRA AAA(SO) 3.91 IIERT TRUST CRISIL AAA(SO) 1.78 RENT-A-DEVICE TRUST ICRA AAA(SO) 1.36 NET CURRENT ASSETS 2.98 NET ASSETS 100% ^Commercial Paper Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

20 AXIS GILT FUND (FORMERLY KNOWN AS AXIS CONSTANT MATURITY 10 YEAR FUND) (An Open Ended Debt Scheme Investing In Government Securities Across Maturity ) INVESTMENT OBJECTIVE: The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government 23rd January Cr Cr. NIFTY All Duration G-Sec Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT GOVERNMENT BOND % GOI Sovereign % GOI Sovereign 6.78 AVERAGE MATURITY* 6.4 years MODIFIED DURATION* 4.2 years YIELD (YIELD TO MATURITY & ) 7.53% Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November % GOI Sovereign 4.61 TOTAL MONEY MARKET INSTRUMENTS^ TREASURY BILL Days Tbill Sovereign NET CURRENT ASSETS NET ASSETS 100% ^Treasury Bill COMPOSITION BY ASSETS COMPOSITION BY RATING Government Bond % SOV & Equivalent % Total Money Market Instruments* % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000 Date of inception Axis Gilt Fund - Growth NIFTY All Duration G-Sec Index (Benchmark) -0.56% -0.23% 9,944 9, % 5.54% 11,703 11, % 7.81% 14,380 14, % 6.85% 15,090 15, Jan-12 Axis Gilt Fund - Direct Plan - Growth NIFTY All Duration G-Sec Index (Benchmark) -0.03% -0.23% 9,997 9, % 5.54% 11,888 11, % 7.81% 14,741 14, % 6.48% 14,549 14, Jan-13 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). s DIVIDENDS Record Date Dividend (` Per unit) Regular Plan Dividend (` Per unit) Direct Plan Sep 25, Mar 26, Sep 25, Half Yearly Dividend Mar 27, Sep 25, Aug 27, Regular Dividend July 25, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, NIL 20 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

21 AXIS BANKING & PSU DEBT FUND (An Open Ended Debt Scheme Predominantly Investing In Debt Instruments Of Banks, Public Sector Undertakings & Public Financial Institutions) INVESTMENT OBJECTIVE: To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs).The scheme shall endeavor to generate optimum returns with low credit risk. 8th June 2012 AVERAGE MATURITY* 3.4 years MODIFIED DURATION* 2.7 years YIELD (YIELD TO MATURITY & ) 8.79% 1, Cr. 1, Cr. Mr. Aditya Pagaria Work experience: 11 years. He has been managing this fund since 13th August NIFTY Banking & PSU Debt Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT CORPORATE BOND National Highways Auth Of Ind CRISIL AAA Export Import Bank of India CRISIL AAA Power Finance Corporation Limited CRISIL AAA Rural Electrification Corporation Limited CRISIL AAA NABARD CRISIL AAA Food Corporation Of India CRISIL AAA(SO) 9.72 Power Grid Corporation of India Limited CRISIL AAA 8.51 Small Industries Dev Bank of India CARE AAA 4.83 NHPC Limited ICRA AAA 4.19 Reliance Industries Limited CRISIL AAA 3.82 Tata Sons Ltd CRISIL AAA 1.96 Jamnagar Utilities & Power Private Limited CRISIL AAA 1.53 LIC Housing Finance Limited CRISIL AAA 1.53 Indian Railway Finance Corporation Limited CRISIL AAA 0.56 STATE GOVERNMENT BOND SOVEREIGN 5.14 NET CURRENT ASSETS 6.05 NET ASSETS 100% COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond % Total Money Market Instruments*- 6.05% State Government Bond % * Includes Net Assets CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA & Equivalent % SOV % PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000 Date of inception Axis Banking & PSU Debt Fund - Growth 5.33% 10, % 12, % 14, % 16,352 NIFTY Banking & PSU Debt Index (Benchmark) 2.80% 10, % 12, % 14, % 16, Jun-12 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,705 Axis Banking & PSU Debt Fund - Direct Plan - Growth 5.62% 10, % 12, % 14, % 15,705 NIFTY Banking & PSU Debt Index (Benchmark) 2.80% 10, % 12, % 14, % 15, Jan-13 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,073 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August Aditya manages 5 schemes at Axis Mutual Fund. Please refer to annexure on Page for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). s DIVIDENDS Record Date Dividend (` Per unit) Regular Plan Dividend (` Per unit) Direct Plan Aug 27, , , , Monthly Dividend July 25, , , , Jun 25, , , , Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. NIL 21 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

22 HYBRID OUTLOOK OCTOBER 2018 Quick Take - Equity Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward. We remain bullish on equities from a medium to long term perspective Investors are suggested to have their asset allocation plan based on one s risk appetite and future goals in life. 13.8% 6.65% 8.02% 10 yr G-Sec : Last 1 year Quick Take - Fixed Income INR continues to remain relatively strong on a REER basis. RBI remains cautious of steep corrections. The RBI is focused on maintaining a neutral liquidity stance and will focus on OMO`s to manage liquidity and bond yields. Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward perspective. We continue to advise investors to stay invested in short to medium term strategies and actively look at credit fund. Key highlights The month of September saw severe bouts of volatility amidst a slew of market events. This was in contrast to the rest of the world which was largely flat over the last month. Frontline indices, S&P BSE Sensex & NIFTY 50 were down 6% for the month. Mid and small caps continued to see sharp declines. NIFTY Midcap 100 Index & NIFTY Smallcap 100 Index was down 14% & 20% respectively. Key Events During the Month Currency & Oil: The INR continued its downward descent ending the month at V/s the US Dollar. Crude oil also saw its highest levels since Nov 2014 at US$82.72/barrel. Despite the government s measure to ease tensions surrounding the fiscal budget, markets have been in a wait and watch mode as the currency & oil compound problems for the domestic economy. 10 Year breaches 8.00%: Bond markets saw a volatile month amidst rising crude and rupee depreciation. FPI`s continued to remain sellers in the market as the global risk off trade continues to sweep through EM markets. The benchmark rate ended the month at 8.02% after briefly touching 8.18% a 3 year high. Money Market Liquidity Squeeze: The month was characterized by a default by a systemically important public financial institution. This had a ripple effect across the debt market. However, regulators were quick to act in an attempt to avoid the contagion risk. The RBI in particular provided much needed liquidity to the system through a series of OMO`s and other support to the market. Inflation The Pullback continues: Inflation for the month continued to ease to 3.69% in August V/s 4.17 in July. Slowing inflation in food prices, which make up nearly half of CPI, cancelled out price rises in imported goods stemming from the weakening rupee currency. Inflation numbers were also propped down by the high base effect same time last year. RBI holds key rates: The Reserve Bank of India (RBI) decided to keep rates unchanged while shifting its stance from neutral to calibrated tightening. In its policy, the RBI factored the currency depreciation and benign inflation and the liquidity squeeze in the money markets. The underlying consideration for keeping rates unchanged focused on the domestic positives like improving macro-economic conditions and buoyant industrial growth while maintaining caution on the external environment. Market View Equity Markets We remain cautiously optimistic on markets in light of the market movements and the sentimental negative that sharp falls in sector specific have caused. We advise investors not to panic as corporate sector fundamentals in general continue to remain strong. Our investment focus continues to remain quality centric and have positioned ourselves appropriately to manage such volatility. ly, we hold tactical cash positions in our portfolios and will look to deploy as the market stabilizes. Given the current market volatility and sharp stock specific moves, investors should remain cautious while deploying funds. Systematic investments into equity products could also help investors ride out short term volatility. Debt Markets With Brent at US$83 and the freefall in the rupee, we are not in an ideal macro situation as in But we do not anticipate a 2013 like situation. financial stability is a result of learnings from the 2013 crises and prompt government and regulatory action. India, currently is one of the only global economies with a 7.5% GDP growth, low inflation and fairly valued currency whilst having a 150bps+ positive real rate. Further, the improving credit environment gives us confidence despite the liquidity squeeze and the IL&FS downgrade. Markets saw some degree of liquidity tightness post the default of a large public financial institution. Post RBI action and clarity on the matter the markets are returning to a state of normalcy. However, market rates continue to remain elevated. For now, the value is clearly at the short end of the corporate curve (~3-year mark). ly short bonds offer 200+ basis spreads over operative rates and hence remain conducive for investors on a risk reward basis. Source: Bloomberg, Axis MF Research. 22

23 AXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) INVESTMENT OBJECTIVE: The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. 14th August 2015 Unhedged Equity % Debt, Cash and Other Receivables* % Hedged Equity % s Record Date Dividend (` Per unit) Regular Plan Dividend (` Per unit) Direct Plan Sep 25, Aug 27, Monthly Dividend July 25, Quarterly Dividend AVERAGE 2.3 years MODIFIED 1.7 years YIELD (YIELD TO MATURITY & ) 8.70% TURNOVER # (1 YEAR) 5.14 times Cr Cr. Mr. Anupam Tiwari Work experience: 13 years. He has been managing this fund since 06th Oct 16 Sep 25, Jun 25, Mar 26, Dec 26, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. NIFTY50 Equity Savings Index % ( % w.e.f. 16th July, 2018) Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since inception. COMPOSITION BY ASSETS COMPOSITION BY RATING * Includes Net Assets PERFORMANCE (as on 28th September 2018) DIVIDENDS CARE A1+/ CRISIL A1+/ BWR AAA/ CRISIL AAA & Equivalent % ICRA AA % CARE AA/ CRISIL AA/ ICRA AA/ BWR AA % IND A % SOV % IND AA % Period 1 Year 3 Years 5 Years Since Inception 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 : Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. # Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 23 ` 10,000 Date of inception Axis Equity Saver Fund - Growth 6.98% 10, % 12, % 12,260 NIFTY50 Equity Savings Index (Benchmark) 7.74% 10, % 12, % 12, Aug-15 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 13,361 Axis Equity Saver Fund - Direct Plan 8.25% 10, % 12, % 12,730 - Growth NIFTY50 Equity Savings Index 7.74% 10, % 12, % 12, Aug-15 (Benchmark) Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 13,361 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years.different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 6 schemes & R. Sivakumar is managing the scheme since inception and he manages 7 schemes. Please refer to annexure on Page 32 & 33 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. RATING % OF ASSETS TOTAL DEBT TOTAL FIXED DEPOSIT 6.45 CORPORATE BOND ICICI Bank Limited ICRA AA Reliance Industries Limited CRISIL AAA 2.49 Punjab National Bank IND A Piramal Capital & Housing Finance Limited ICRA AA 1.70 Dewan Housing Finance Corporation Limited BWR AAA 1.30 Cholamandalam Investment and Finance Company Limited ICRA AA Power Grid Corporation of India Limited CRISIL AAA 0.65 Rural Electrification Corporation Limited CRISIL AAA 0.63 Union Bank of India BWR AA 0.63 NABARD CRISIL AAA 0.60 Muthoot Finance Limited CRISIL AA 0.52 Bank of Baroda CARE AA 0.26 Syndicate Bank IND AA GOVERNMENT BOND SOVEREIGN 0.75 OTHERS 5.80 Reliance Jio Infocomm Limited CARE A LIC Housing Finance Limited CRISIL A TOTAL EQUITY TOTAL UNHEDGED EQUITY AUTO 1.60 Maruti Suzuki India Limited 1.60 AUTO ANCILLARIES 0.45 Motherson Sumi Systems Limited 0.45 BANKS 8.46 Bandhan Bank Limited 1.52 HDFC Bank Limited 4.20 IndusInd Bank Limited 0.52 Kotak Mahindra Bank Limited 2.22 CEMENT 1.01 ACC Limited 0.53 JK Lakshmi Cement Limited 0.04 Shree Cement Limited 0.44 CHEMICALS 0.36 Pidilite Industries Limited 0.36 CONSTRUCTION PROJECT 1.36 Larsen & Toubro Limited 0.58 Voltas Limited 0.78 CONSUMER NON DURABLES 4.35 Britannia Industries Limited 1.85 Dabur India Limited 0.43 Hindustan Unilever Limited 1.77 Nestle India Limited 0.30 FINANCE 7.24 Bajaj Finance Limited 1.61 Cholamandalam Investment and Finance Company Limited 1.12 HDFC Limited 2.19 Mahindra & Mahindra Financial Services Limited 0.78 Sundaram Finance Holdings Limited 0.09 Sundaram Finance Limited 1.45 PETROLEUM PRODUCTS 4.02 Reliance Industries Limited 4.02 PHARMACEUTICALS 0.38 Divi's Laboratories Limited 0.38 SOFTWARE 5.75 Infosys Limited 2.01 Tata Consultancy Services Limited 3.74 TEXTILE PRODUCTS 2.20 Page Industries Limited 1.33 TCNS Clothing Co. Limited 0.87 TRANSPORTATION 0.58 Container Corporation of India Limited 0.58 TOTAL HEDGED EQUITY Punjab National Bank 0.11 HDFC Limited 2.05 ITC Limited 0.08 Ashok Leyland Limited 0.06 Hero MotoCorp Limited 1.07 Bajaj Auto Limited 0.66 Tata Consultancy Services Limited 0.29 Reliance Industries Limited 0.41 Coal India Limited 0.52 Bharti Airtel Limited 0.75 Mahindra & Mahindra Limited 0.41 Suzlon Energy Limited 0.02 Jaiprakash Associates Limited 0.17 Yes Bank Limited 1.57 Aurobindo Pharma Limited 0.32 Lupin Limited 0.66 Dr. Reddy's Laboratories Limited 1.32 Tata Motors Limited 0.65 Oil & Natural Gas Corporation Limited 0.03 Maruti Suzuki India Limited 2.56 Kotak Mahindra Bank Limited 0.60 ICICI Bank Limited 1.15 Eicher Motors Limited 0.35 Infibeam Avenues Limited 2.31 Godfrey Phillips India Limited 0.01 Century Textiles & Industries Limited 1.57 Britannia Industries Limited 0.28 Tata Chemicals Limited 0.13 Mahindra & Mahindra Financial Services Limited 4.90 JSW Steel Limited 0.21 DEBT, CASH & OTHER RECEIVABLES 8.24 NET ASSET 100% ^Commercial Paper,PTC and Derivatives Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

24 AXIS DYNAMIC EQUITY FUND (An Open Ended Dynamic Asset Allocation Fund) INVESTMENT OBJECTIVE: To generate capital appreciation by investing in a portfolio of equity or equity linked securities while secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 1st August 2017 AVERAGE MATURITY* 1.1 years MODIFIED DURATION* 0.9 years YIELD (YIELD TO MATURITY & ) 7.84% COMPOSITION BY ASSETS Unhedged Equity % Debt, Cash and Other Receivables* % Hedged Equity % * Includes Net Assets 2, Cr. 2, Cr. Mr. Anupam Tiwari Work experience: 13 years. He has been managing this fund since inception. Hedged equity exposure is calculated using the notional exposure of index options. PERFORMANCE (as on 28th September 2018) NIFTY50 Hybrid Composite Debt 50:50 Index % ( % w.e.f. 16th July, 2018) Mr. Ashwin Patni Work experience: 16 years. He has been managing this fund since inception. Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since inception. COMPOSITION BY RATING CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ IND AAA & Equivalent % CRISIL AA/ ICRA AA/ IND AA % CRISIL AA+/ ICRA AA % CARE AA-/ CRISIL AA-/ ICRA AA % SOV % Period 1 Year Since Inception If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil ` 10,000 Date of inception Axis Dynamic Equity Fund - Growth 6.49% 10, % 10,670 NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 7.06% 10, % 10,565 1-Aug-17 Nifty 50 (Additional Benchmark) 13.20% 11, % 10,972 Axis Dynamic Equity Fund - Direct Plan - Growth 8.36% 10, % 10,890 NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 7.06% 10, % 10,565 1-Aug-17 Nifty 50 (Additional Benchmark) 13.20% 11, % 10,972 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since inception and he manages 6 schemes, R. Sivakumar is managing the scheme since inception and he manages 7 schemes & Ashwin Patni is managing the scheme since inception and he manages 22 schemes. Please refer to annexure on Page 32 & 33 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. RATING % OF ASSETS TOTAL DEBT TOTAL FIXED DEPOSIT 3.71 CORPORATE BOND Shriram Transport Finance Company Limited CRISIL AA Muthoot Finance Limited CRISIL AA 1.52 Edelweiss Commodities Services Limited CRISIL AA 1.39 IndoStar Capital Finance Limited CARE AA Rural Electrification Corporation Limited CRISIL AAA 1.17 HDFC Limited CRISIL AAA 1.14 Tata Power Company Limited IND AA 1.11 Dewan Housing Finance Corporation Limited CARE AAA 0.95 ICICI Bank Limited ICRA AA NABARD IND AAA 0.78 Dewan Housing Finance Corporation Limited BWR AAA 0.75 Vodafone Mobile Services Limited CRISIL AA LIC Housing Finance Limited CRISIL AAA 0.59 Reliance Jio Infocomm Limited CRISIL AAA 0.56 Hinduja Leyland Finance Limited CARE AA Indiabulls Housing Finance Limited BWR AAA 0.39 Indian Railway Finance Corporation Limited CRISIL AAA 0.19 Larsen & Toubro Limited CRISIL AAA 0.35 Magma Fincorp Limited ICRA AA Piramal Capital & Housing Finance Limited ICRA AA 0.19 Piramal Enterprises Limited ICRA AA 0.39 Power Finance Corporation Limited CRISIL AAA 0.39 Tata Sons Ltd CRISIL AAA 0.19 UltraTech Cement Limited CRISIL AAA 0.21 ZERO COUPON BOND 0.89 TMF Holdings Limited CRISIL AA 0.57 Cholamandalam Investment and Finance Company Limited ICRA AA STATE GOVERNMENT BOND SOVEREIGN 0.37 OTHERS 4.00 Indiabulls Housing Finance Limited CRISIL A JM Financial Products Limited ICRA A TOTAL EQUITY TOTAL UNHEDGED EQUITY AUTO 1.93 Maruti Suzuki India Limited 1.93 AUTO ANCILLARIES 3.39 Endurance Technologies Limited 0.74 MRF Limited 0.80 Varroc Engineering Limited 1.11 WABCO India Limited 0.74 BANKS 9.55 Bandhan Bank Limited 1.90 City Union Bank Limited 0.78 HDFC Bank Limited 4.30 IndusInd Bank Limited 0.35 Kotak Mahindra Bank Limited 2.21 CEMENT 1.50 ACC Limited 0.51 Shree Cement Limited 0.99 CONSTRUCTION PROJECT 0.80 Larsen & Toubro Limited 0.80 CONSUMER DURABLES 0.49 Amber Enterprises India Limited 0.49 CONSUMER NON DURABLES 5.40 Asian Paints Limited 0.67 Britannia Industries Limited 2.22 Hindustan Unilever Limited 1.98 Nestle India Limited 0.53 FINANCE 9.67 Bajaj Finance Limited 2.43 Cholamandalam Investment and Finance Company Limited 1.14 HDFC Limited 1.88 Mahindra & Mahindra Financial Services Limited 1.86 Mas Financial Services Limited 0.31 Max Financial Services Limited 0.20 Sundaram Finance Holdings Limited 0.10 Sundaram Finance Limited 1.75 PETROLEUM PRODUCTS 5.10 Reliance Industries Limited 5.10 PHARMACEUTICALS 0.51 Divi's Laboratories Limited 0.51 SOFTWARE 6.34 Infosys Limited 2.10 Tata Consultancy Services Limited 4.24 TEXTILE PRODUCTS 2.75 Page Industries Limited 1.83 TCNS Clothing Co. Limited 0.91 TOTAL HEDGED EQUITY DEBT, CASH & OTHER RECEIVABLES 9.52 NET ASSET 100% ^Commercial Paper, Certificate of Deposit and Derivatives 24 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

25 AXIS REGULAR SAVER FUND (FORMERLY KNOWN AS AXIS INCOME SAVER) (An Open Ended Hybrid Scheme Investing Predominantly In Debt Instruments) INVESTMENT OBJECTIVE: The Scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. 16th July 2010 AVERAGE 1.2 years MODIFIED 1.1 years YIELD (YIELD TO MATURITY & ) 9.26% s Record Date Dividend (` Per unit) Cr Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 07th June 2016 Regular Plan Mr. Ashish Naik Work experience: 11 years. He has been managing this fund since 22nd June 2016 COMPOSITION BY ASSETS COMPOSITION BY RATING Debt* % CRISIL A1+/ BWR AAA/ CRISIL AAA/ IND AAA & Equivalent Equity % % IND AA % CRISIL AA/ ICRA AA % CARE A % ICRA AA-(SO) % * Includes Net Assets PERFORMANCE (as on 28th September 2018) DIVIDENDS Dividend (` Per unit) NIFTY50 Hybrid Short Duration Debt 25:75 Index % ( % w.e.f. 16th July, 2018) Period 1 Year 3 Years 5 Years Since Inception Direct Plan Mar 26, Annual Dividend Mar 27, Mar 28, Mar 25, Half Yearly Dividend Sep 25, Mar 26, Sep 25, Mar 27, Quarterly Dividend Sep 25, Jun 25, Mar 26, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 Based on debt portfolio only. ` 10,000 Date of inception Axis Regular Saver Fund - Growth 3.87% 10, % 11, % 15, % 18,689 NIFTY 50 Hybrid Short Duration Debt 25: % 10, % 12, % 16, % 20,224 Index (Benchmark) 16-Jul-10 NIFTY 10 yr Benchmark G-Sec (Additional -2.92% 9, % 11, % 14, Benchmark) Axis Regular Saver Fund - Direct Plan 5.10% 10, % 12, % 16, % 17,137 - Growth NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 6.77% 10, % 12, % 16, % 16, Jan-13 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 13,927 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 34 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 32 & 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL DEBT CORPORATE BOND Reliance Jio Infocomm Limited CRISIL AAA Power Finance Corporation Limited CRISIL AAA Mahindra & Mahindra Financial Services Limited IND AAA 8.03 HDFC Limited CRISIL AAA 6.50 Adani Transmission Limited IND AA Dewan Housing Finance Corporation Limited BWR AAA 6.41 National Highways Auth Of Ind CRISIL AAA 4.67 Renew Power Limited CARE A NABARD CRISIL AAA 3.23 Muthoot Finance Limited CRISIL AA 3.12 LIC Housing Finance Limited CRISIL AAA 1.29 Blue Dart Express Limited ICRA AA 0.02 ZERO COUPON BOND 1.80 JM FINANCIAL PRODUCTS LIMITED CRISIL AA 1.80 TOTAL MONEY MARKET INSTRUMENTS^ 6.30 OTHERS 6.30 Indiabulls Housing Finance Limited CRISIL A PASS THROUGH CERTIFICATE 0.54 Solstice Trust ICRA AA-(SO) 0.54 TOTAL EQUITY BANKS 4.59 HDFC BANK LIMITED 2.07 Kotak Mahindra Bank Limited 1.42 Bandhan Bank Limited 1.10 FINANCE 3.54 Bajaj Finserv Limited 0.95 HDFC Limited 0.75 Bajaj Finance Limited 0.71 Multi Commodity Exchange of India Limited 0.60 Mahindra & Mahindra Financial Services Limited 0.54 SOFTWARE 2.58 Infosys Limited 1.06 Info Edge (India) Limited 0.81 Tata Consultancy Services Limited 0.71 AUTO ANCILLARIES 2.40 Motherson Sumi Systems Limited 0.96 Endurance Technologies Limited 0.75 Varroc Engineering Limited 0.69 AUTO 1.83 Maruti Suzuki India Limited 1.06 Eicher Motors Limited 0.76 CONSUMER NON DURABLES 1.37 Hindustan Unilever Limited 0.75 Asian Paints Limited 0.62 CEMENT 1.04 Shree Cement Limited 1.04 TEXTILE PRODUCTS 0.83 Page Industries Limited 0.83 CHEMICALS 0.82 Pidilite Industries Limited 0.82 CONSTRUCTION PROJECT 0.81 Larsen & Toubro Limited 0.81 TRANSPORTATION 0.71 Container Corporation of India Limited 0.71 PESTICIDES 0.69 PI Industries Limited 0.69 RETAILING 0.67 Avenue Supermarts Limited 0.67 INDUSTRIAL PRODUCTS 0.65 Astral Poly Technik Limited 0.65 OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.93 NET CURRENT ASSETS 3.06 NET ASSETS 100% ^Commercial Paper * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 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 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

26 AXIS CHILDREN S GIFT FUND (An Open Ended Fund, For Investment For Children, Having A Lock-In Of 5 Years Or Till The Child Attains Age Of Majority (Whichever Is Earlier)) INVESTMENT OBJECTIVE: The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 08th December 2015 AVERAGE 1.8 years MODIFIED 1.4 years YIELD (YIELD TO MATURITY & ) 8.42% COMPOSITION BY ASSETS COMPOSITION BY ASSETS Unhedged Equity % Debt, Cash and Other Receivables* % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Cr Cr. Mr. Ashish Naik Work experience: 11 years. He has been managing this fund since 6th July 2016 NIFTY 50 Hybrid Composite Debt 65:35 Index % ( % w.e.f. 16th July, 2018) Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since 07th June CRISIL A1+/ CRISIL AAA & Equivalent % SOV % CRISIL AA/ BWR AA % ICRA AA % CARE A+/ IND A % IND AA % Period 1 Year Since Inception Exit Load - Under Compulsory Lock-in: No exit load post lock-in period Under No Lock-in: an Exit Load of 3% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment. an Exit Load of 2% is payable if Units are redeemed / Switched-out after 1 year and upto 2 years from the date of allotment an Exit Load of 1% is payable if Units are redeemed / switched-out after 2 years and upto 3 years from the date of allotment Nil if Units are redeemed / switched-out after 3 years from the date of Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, ^ No fresh subscription allowed ` 10,000 Date of inception Axis Childrens Gift Fund - Compulsory 3.32% 10, % 12,420 Lock-in - Regular Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 8.93% 10, % 13, Dec-15 (Benchmark) Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - Compulsory 5.00% 10, % 12,996 Lock-in - Direct Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 8.93% 10, % 13, Dec-15 (Benchmark) Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - No Lock-in^ % 10, % 12,419 Regular Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 8.93% 10, % 13, Dec-15 (Benchmark) Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - No Lock-in^ % 10, % 13,100 Direct Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 8.93% 10, % 13, Dec-15 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. Since inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.different plans have different expense structure. Ashish Naik manages 6 schemes & R. Sivakumar manages 7 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers. RATING % OF ASSETS TOTAL DEBT TOTAL FIXED DEPOSIT 0.52 CORPORATE BOND Power Finance Corporation Limited CRISIL AAA 4.08 ICICI Bank Limited ICRA AA Union Bank of India BWR AA 3.39 HDFC Limited CRISIL AAA 2.09 Renew Power Limited CARE A Syndicate Bank IND AA Punjab National Bank IND A GOVERNMENT BOND SOVEREIGN 2.62 ZERO COUPON BOND 1.18 TMF Holdings Limited CRISIL AA 1.18 TOTAL MONEY MARKET INSTRUMENTS^ 8.97 TREASURY BILL DAYS TBILL SOVEREIGN 7.96 BANKS 1.01 IndusInd Bank Limited CRISIL A TOTAL EQUITY TOTAL UNHEDGED EQUITY AUTO 4.03 Eicher Motors Limited 1.05 Maruti Suzuki India Limited 2.98 AUTO ANCILLARIES 7.39 Endurance Technologies Limited 1.58 Motherson Sumi Systems Limited 2.60 Varroc Engineering Limited 1.87 WABCO India Limited 1.34 BANKS Bandhan Bank Limited 2.41 City Union Bank Limited 1.27 HDFC Bank Limited 5.20 Kotak Mahindra Bank Limited 3.75 CEMENT 2.80 Shree Cement Limited 2.80 CHEMICALS 3.01 Camlin Fine Sciences Limited 0.63 Pidilite Industries Limited 1.82 Sudarshan Chemical Industries Limited 0.55 CONSTRUCTION PROJECT 1.68 Larsen & Toubro Limited 1.68 CONSUMER NON DURABLES 6.11 Asian Paints Limited 1.61 Hindustan Unilever Limited 3.02 Nestle India Limited 1.47 FINANCE Bajaj Finance Limited 1.06 Bajaj Finserv Limited 2.51 HDFC Standard Life Insurance Company Limited 1.13 HDFC Limited 4.07 Mahindra & Mahindra Financial Services Limited 1.37 Sundaram Finance Limited 1.56 INDUSTRIAL CAPITAL GOODS 1.00 V-Guard Industries Limited 1.00 INDUSTRIAL PRODUCTS 1.45 Astral Poly Technik Limited 1.45 MEDIA & ENTERTAINMENT 1.20 PVR Limited 1.20 PESTICIDES 1.24 PI Industries Limited 1.24 PHARMACEUTICALS 1.53 Divi's Laboratories Limited 1.53 RETAILING 1.56 Avenue Supermarts Limited 1.56 SOFTWARE 7.63 Info Edge (India) Limited 1.56 Infosys Limited 0.96 Tata Consultancy Services Limited 5.12 TEXTILE PRODUCTS 2.20 Page Industries Limited 2.20 TRANSPORTATION 0.56 Blue Dart Express Limited 0.56 DEBT, CASH & OTHER RECEIVABLES 3.82 NET ASSETS 100% ^ Derivatives 26 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

27 AXIS TRIPLE ADVANTAGE FUND (An Open Ended Scheme Investing In Equity, Debt And Gold) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & Gold Exchange Traded Funds. 23rd August 2010 AVERAGE 3 years MODIFIED 2.1 years YIELD (YIELD TO MATURITY & ) 8.02% TURNOVER # (1 YEAR) 0.76 times Cr Cr. Mr. R. Sivakumar Work experience: 20 years. He has been managing the fund since 14th September % of Nifty % of NIFTY Composite Debt Index + 15% of INR Price of Gold % ( % w.e.f. 16th July, 2018) Mr. Ashish Naik Work experience: 11 years. He has been managing this fund since 22nd June 2016 COMPOSITION BY ASSETS COMPOSITION BY RATING Equity % CRISIL AAA & Equivalent % SOV % Debt* % CRISIL AA/BWR AA % ETFs % * Includes Net Assets PERFORMANCE (as on 28th September 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Regular Plan Dividend (` Per unit) s Record Date Apr 17, Dividend Sep 17, Sep 21, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, ` 10,000 Date of inception Axis Triple Advantage Fund - Growth 1.65% 10, % 12, % 14, % 18,134 65% of Nifty % of NIFTY Composite 9.06% 10, % 13, % 17, % 20,586 Debt Index + 15% of INR Price of Gold (Benchmark) 23-Aug-10 NIFTY 10 yr Benchmark G-Sec (Additional -2.92% 9, % 11, % 14, Benchmark) Axis Triple Advantage Fund - Direct Plan - Growth 2.62% 10, % 12, % 15, % 15,188 65% of Nifty % of NIFTY Composite 9.06% 10, % 13, % 17, % 17,147 Debt Index + 15% of INR Price of Gold 01-Jan-13 (Benchmark) NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 13,994 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.r. Sivakumar is managing the scheme since 14th September 2010 and he manages 7 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 6 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. RATING % OF ASSETS CORPORATE BOND 9.27 Power Finance Corporation Limited CRISIL AAA 5.46 Sikka Ports and Terminals Limited CRISIL AAA 1.47 India Infrastructure Fin Co Ltd CRISIL AAA 0.94 Union Bank of India BWR AA 0.86 Hindalco Industries Limited CRISIL AA 0.18 Rural Electrification Corporation Limited CRISIL AAA 0.35 GOVERNMENT BOND Sovereign 0.77 TREASURY BILL DAYS TBILL Sovereign 3.21 TOTAL EQUITY BANKS HDFC Bank Limited 7.15 Kotak Mahindra Bank Limited 4.16 Bandhan Bank Limited 3.40 FINANCE Housing Development Finance Corporation Limited 4.42 Bajaj Finserv Limited 2.41 Gruh Finance Limited 2.05 Bajaj Finance Limited 1.95 HDFC Standard Life Insurance Company Limited 0.59 SOFTWARE 9.25 Tata Consultancy Services Limited 6.36 Info Edge (India) Limited 1.58 INFOSYS LIMITED 1.31 AUTO ANCILLARIES 7.55 Motherson Sumi Systems Limited 3.08 Endurance Technologies Limited 1.71 WABCO India Limited 1.59 Varroc Engineering Limited 1.17 CONSUMER NON DURABLES 5.70 Asian Paints Limited 2.16 Hindustan Unilever Limited 2.04 Nestle India Limited 1.50 AUTO 5.01 Maruti Suzuki India Limited 3.28 Eicher Motors Limited 1.73 CEMENT 3.09 Shree Cement Limited 3.09 TRANSPORTATION 2.94 Container Corporation of India Limited 2.31 Blue Dart Express Limited 0.62 PHARMACEUTICALS 2.54 Divi's Laboratories Limited 2.54 CONSTRUCTION PROJECT 2.42 Larsen & Toubro Limited 2.42 RETAILING 2.21 Avenue Supermarts Limited 2.21 CHEMICALS 1.74 Pidilite Industries Limited 0.88 Camlin Fine Sciences Limited 0.86 PESTICIDES 1.54 PI Industries Limited 1.54 MEDIA & ENTERTAINMENT 1.04 PVR Limited 1.04 OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.27 Exchange Traded Funds AXIS GOLD ETF DEBT, CASH & OTHER RECEIVABLES 4.23 NET ASSETS 100% ^Treasury Bill If redeemed/switch out within 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% If redeemed/switch out after 12 months from the date of allotment: Nil 27 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

28 AXIS ARBITRAGE FUND(FORMERLY KNOWN AS AXIS ENHANCED ARBITRAGE FUND) (An Open Ended Scheme Investing In Arbitrage Opportunities ) INVESTMENT OBJECTIVE: To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 14th August 2014 s Dividend AVERAGE MATURITY*@ 125 days MODIFIED DURATION*@ 113 days YIELD (YIELD TO MATURITY & ) 8.25% TURNOVER # (1 YEAR) times Record Date Dividend (` Per unit) 1, Cr. 1, Cr. Mr. Ashwin Patni Work experience: More than 16 years. He has been managing the fund since 27th April 2015 PERFORMANCE (as on 28th September 2018) Regular Plan Dividend (` Per unit) Nifty 50 Arbitrage Index Mr. Devang Shah Work experience: More than14 years. He has been managing this fund since inception. Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Direct Plan Sep 25, Aug 23, July 19, Jun 21, Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. 0.25% if redeemed / switched out within 7 days from the date of allotment/ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. # Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/ SLB are not considered. ` 10,000 Date of inception Axis Arbitrage Fund - Growth 5.84% 10, % 11, % 12,978 Nifty 50 Arbitrage Index (Benchmark) 4.43% 10, % 11, % 12,727 NIFTY 1 Year T-Bill Index (Additional 6.03% 10, % 12, % 13, Aug-14 Benchmark) - Growth Axis Arbitrage Fund - Direct Plan 6.72% 10, % 12, % 13,433 Nifty 50 Arbitrage Index (Benchmark) NIFTY 1 Year T-Bill Index (Additional 4.43% 6.03% 10,443 10, % 6.77% 11,653 12, % 7.35% 12,727 13, Aug-14 Benchmark) Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.devang Shah is managing the scheme since inception and he manages 34 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 22 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). % OF ASSETS TOTAL HEDGE EQUITY HDFC Limited 5.22 Motherson Sumi Systems Limited 4.57 Mahindra & Mahindra Limited 4.16 ICICI Bank Limited 3.27 Cadila Healthcare Limited 3.05 Maruti Suzuki India Limited 2.76 Tata Steel Limited 2.37 Mahindra & Mahindra Financial Services Limited 2.29 Vedanta Limited 2.21 Century Textiles & Industries Limited 2.20 Bajaj Finance Limited 1.98 Tech Mahindra Limited 1.88 Sun Pharmaceutical Industries Limited 1.74 ITC Limited 1.70 Nestle India Limited 1.68 Aurobindo Pharma Limited 1.59 Britannia Industries Limited 1.40 Infibeam Avenues Limited 1.22 Ashok Leyland Limited 1.15 Indiabulls Housing Finance Limited 1.05 The Federal Bank Limited 0.90 GMR Infrastructure Limited 0.87 CESC Limited 0.84 United Spirits Limited 0.83 Capital First Limited 0.77 Divi's Laboratories Limited 0.61 IDBI Bank Limited 0.57 Reliance Industries Limited 0.55 Punjab National Bank 0.51 Yes Bank Limited 0.51 Biocon Limited 0.46 IndusInd Bank Limited 0.46 Bharat Electronics Limited 0.44 HCL Technologies Limited 0.32 Shriram Transport Finance Company Limited 0.31 Jaiprakash Associates Limited 0.29 Suzlon Energy Limited 0.29 Wipro Limited 0.29 TV18 Broadcast Limited 0.27 Escorts Limited 0.27 Kotak Mahindra Bank Limited 0.26 Bank of Baroda 0.24 Zee Entertainment Enterprises Limited 0.21 Reliance Infrastructure Limited 0.19 The Karnataka Bank Limited 0.19 Bharti Airtel Limited 0.18 Multi Commodity Exchange of India Limited 0.18 Bharat Financial Inclusion Limited 0.17 Tata Consultancy Services Limited 0.16 Marico Limited 0.15 Oil & Natural Gas Corporation Limited 0.14 Jubilant Foodworks Limited 0.14 Tata Motors Limited 0.14 Adani Power Limited 0.14 CG Power and Industrial Solutions Limited 0.13 Godfrey Phillips India Limited 0.13 Kajaria Ceramics Limited 0.12 DLF Limited 0.11 Bajaj Auto Limited 0.11 IRB Infrastructure Developers Limited 0.10 Union Bank of India 0.09 Torrent Power Limited 0.08 Hindustan Petroleum Corporation Limited 0.08 Jain Irrigation Systems Limited 0.08 L&T Finance Holdings Limited 0.08 Vodafone Idea Limited 0.07 JSW Steel Limited 0.07 Eicher Motors Limited 0.06 Hindalco Industries Limited 0.06 Bharat Heavy Electricals Limited 0.06 Sun TV Network Limited 0.05 Equitas Holdings Limited 0.02 Max Financial Services Limited 0.02 Grasim Industries Limited 0.02 The South Indian Bank Limited 0.02 Rural Electrification Corporation Limited 0.02 Adani Ports and Special Economic Zone Limited 0.01 Wockhardt Limited Granules India Limited DEBT, CASH & OTHER RECEIVABLES NET ASSETS 100% 28 Please refer to page no 30, 32-33, for, TER, Riskometer & Statutory Details.

29 SIP PERFORMANCE OF SELECT SCHEMES (as on 28th September 2018) The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time. Axis Bluechip Fund - Growth SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 10,40,000 6,00,000 3,60,000 1,20,000 Market value as on September 28, ,95,142 8,27,613 4,43,208 1,23,291 Returns (Annualised) 13.44% 12.86% 14.05% 5.20% Benchmark Returns (Annualised) 12.00% 12.22% 13.97% 7.51% Additional Benchmark Returns (Annualised) 12.22% 12.52% 15.09% 10.45% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE Sensex. Inception Date: Jan 05, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 10,50,000 6,00,000 3,60,000 1,20,000 Market value as on September 28, ,63,349 8,65,206 4,29,086 1,19,215 Returns (Annualised) 17.90% 14.66% 11.80% -1.23% Benchmark Returns (Annualised) 12.57% 12.61% 12.73% 1.46% Additional Benchmark Returns (Annualised) 11.96% 12.22% 13.97% 7.51% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50. Inception Date: Dec 29, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 9,10,000 6,00,000 3,60,000 1,20,000 Market value as on September 28, ,47,507 8,74,359 4,37,891 1,21,095 Returns (Annualised) 18.26% 15.09% 13.21% 1.72% Benchmark Returns (Annualised) 15.04% 13.36% 7.19% % Additional Benchmark Returns (Annualised) 12.70% 12.22% 13.97% 7.51% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap. Additional Benchmak: Nifty 50. Inception Date: Feb 18, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 7,50,000 6,00,000 3,60,000 1,20,000 Market value as on September 28, ,48,392 8,88,093 4,53,777 1,20,231 Returns (Annualised) 16.16% 15.73% 15.70% 0.36% Benchmark Returns (Annualised) 12.83% 12.22% 13.97% 7.51% Additional Benchmark Returns (Annualised) 13.55% 12.61% 12.73% 1.46% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE 200. Inception Date: Jun 29, 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 SIP Investments Since Inception SIP 1 Year SIP Total Amount Invested 3,70,000 1,20,000 Market value as on September 28, ,16,566 1,22,861 Returns (Annualised) 7.67% 4.51% Benchmark Returns (Annualised) 18.97% 37.74% Additional Benchmark Returns (Annualised) 13.92% 7.51% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Equity Savings Index. Additional Benchmak: Nifty 50. Inception Date: August 14, This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them. Axis Triple Advantage Fund - Growth SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 9,70,000 6,00,000 3,60,000 1,20,000 Market value as on September 28, ,96,282 6,98,297 3,87,355 1,17,369 Returns (Annualised) 7.04% 6.02% 4.84% -4.09% Benchmark Returns (Annualised) 10.05% 9.90% 10.49% 5.50% Additional Benchmark Returns (Annualised) NA 5.36% 2.53% 0.14% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. Inception 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 Regular Saver Fund - Growth SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 9,80,000 6,00,000 3,60,000 1,20,000 Market value as on September 28, ,68,815 7,14,527 3,91,244 1,20,663 Returns (Annualised) 8.02% 6.94% 5.51% 1.04% Benchmark Returns (Annualised) 9.19% 8.59% 8.22% 5.46% Additional Benchmark Returns (Annualised) NA 5.36% 2.52% 0.08% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Short Duration Debt 25:75 Index. Additional Benchmak: CRISIL 10 year Gilt Index. Inception 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. Axis Dynamic Equity Fund - Growth SIP Investments Since Inception SIP 1 Year SIP Total Amount Invested 1,40,000 1,20,000 Market value as on September 28, ,43,131 1,21,876 Returns (Annualised) 3.65% 2.95% Benchmark Returns (Annualised) 4.77% 4.62% Additional Benchmark Returns (Annualised) 7.98% 7.51% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index. Additional Benchmak: Nifty 50. Inception Date: August 1, This scheme is managed by Anupam Tiwari, R. Sivakumar & Ashwin Patni. Please refer to the Annexure for returns of all the schemes managed by them. SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4,

30 Equity Funds (as on 28th September 2018) Axis Bluechip Fund (Formerly Known As Axis Equity Fund) (`) Dividend Growth Direct Plan - Dividend Direct Plan - Growth Axis Long Term Equity Fund (`) Dividend Growth Direct Plan - Dividend Direct Plan - Growth Axis Focused 25 Fund (`) Dividend Growth Direct Plan - Dividend Direct Plan - Growth Axis Multicap Fund (`) Dividend Growth Direct Dividend Direct Growth Axis Midcap Fund (`) Dividend Growth Direct Plan - Dividend Direct Plan - Growth Axis Arbitrage Fund (Formerly Known As Axis Enhanced Arbitrage Fund) (`) Dividend Growth Direct Dividend Direct Growth Debt Funds (as on 28th September 2018) Axis Liquid Fund (as on 30th September 2018) (`) Daily Dividend Growth Monthly Dividend Weekly Dividend Retail Daily Dividend Retail Growth Retail Monthly Dividend Retail Weekly Dividend Direct Bonus Direct plan - Daily Dividend Direct plan - Growth Direct plan - Monthly Dividend Direct plan - Weekly Dividend Axis Dynamic Bond Fund (`) Growth Half Yearly Dividend Quarterly Dividend Direct Plan - Growth option Direct Plan - Half Yearly Dividend option Direct Plan - Quarterly Dividend option Axis Credit Risk Fund (Formerly Known As Axis Fixed Income Opportunities Fund) (`) Growth Monthly Dividend Weekly Dividend Direct Growth Direct Monthly Dividend Direct Weekly Dividend Axis Treasury Advantage Fund (`) Daily Dividend Growth Monthly Dividend Weekly Dividend Retail Daily Dividend Retail Growth Retail Monthly Dividend Retail Weekly Dividend Direct Plan - Daily Dividend option Direct Plan - Growth option Direct Plan - Monthly Dividend option Direct Plan - Weekly Dividend option Axis Corporate Debt Fund (Formerly Known As Axis Corporate Debt Opportunities Fund) (`) Regular Plan Regular Dividend Regular Plan Daily Dividend Regular Plan Growth Regular Plan Monthly Dividend Regular Plan Weekly Dividend Direct Plan Regular Dividend Direct Plan Daily Dividend Direct Plan Growth Direct Plan Monthly Dividend Direct Plan Weekly Dividend Axis Gilt Fund (Formerly Known As Axis Constant Maturity 10 Year Fund) (`) Growth Half Yearly Dividend Regular Dividend Direct Plan - Growth option Direct Plan - Regular Dividend option Axis Short Term Fund (`) Bonus Growth Monthly Dividend Weekly Dividend Regular Dividend Retail Growth Retail Monthly Dividend Retail Weekly Dividend Direct Plan - Regular Dividend Direct Plan - Growth option Direct Plan - Monthly Dividend option Direct Plan - Weekly Dividend option Axis Strategic Bond Fund (Formerly Known As Axis Regular Savings Fund) (`) Growth Half Yearly Dividend Quarterly Dividend Direct Plan - Growth option Direct Plan - Half Yearly Dividend option Direct Plan - Quarterly Dividend option Axis Banking & PSU Debt Fund (`) Daily Dividend Growth Monthly Dividend Weekly Dividend Direct Plan - Daily Dividend option Direct Plan - Growth option Direct Plan - Monthly Dividend option Direct Plan - Weekly Dividend option Hybrid Funds (as on 28th September 2018) Axis Equity Saver Fund (`) Regular Dividend Growth Monthly Dividend Quarterly Dividend Direct Regular Dividend Direct Growth Direct Monthly Dividend Direct Quarterly Dividend Axis Dynamic Equity Fund (`) Dividend Growth Direct Dividend Direct Growth Axis Children s Gift Fund (`) Direct Plan - No Lock-In - Dividend Direct Plan - No Lock-In - Growth No Lock-In - Dividend No Lock-In - Growth Compulsory Lock-In - Dividend Compulsory Lock-In - Growth Dir Plan - Comp Lock-In - Dividend Dir Plan - Comp Lock-In - Growth Axis Regular Saver Fund (Formerly Known As Axis Income Saver Fund) (`) Growth Dividend - Half Yearly Dividend - Quarterly Dividend - Annual Direct Plan - Growth option Direct Plan - Half Yearly Dividend option Direct Plan - Quarterly Dividend option Direct Plan - Annual Dividend option Axis Triple Advantage Fund (`) Dividend Growth Direct Plan - Dividend Direct Plan - Growth

31 LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS Fund Name Entry Load Minimum Investment Amount (`) Additional Purchase Amount (`) Minimum SIP Amount / in Multipules of (`) Minimum Installments Axis Bluechip Fund NA 5,000/1 100/1 1,000/1 12 Axis Focused 25 Fund NA 5,000/1 100/1 1,000/1 12 Axis Long Term Equity Fund NA 500/ / / Axis Midcap Fund NA 5,000/1 100/1 1,000/1 12 Axis Multicap Fund NA 5,000/1 100/1 1,000/1 12 Axis Equity Saver Fund NA 5,000/1 100/1 1,000/1 12 Axis Triple Advantage Fund NA 5,000/1 100/1 1,000/1 12 Axis Regular Saver Fund NA 5,000/1 100/1 1,000/1 12 Axis Gilt Fund NA 5,000/1 100/1 1,000/1 12 Axis Dynamic Bond Fund NA 5,000/1 100/1 1,000/1 12 Axis Corporate Debt Fund NA 5,000/1 100/1 1,000/1 12 Axis Strategic Bond Fund NA 5,000/1 100/1 1,000/1 12 Axis Credit Risk Fund NA 5,000/1 100/1 1,000/1 12 Axis Short Term Fund NA 5,000/1 1,000/1 1,000/1 12 Axis Banking & PSU Debt Fund NA 5,000/1 1,000/1 1,000/1 12 Axis Treasury Advantage Fund NA 5,000/1 1,000/1 1,000/1 12 Axis Liquid Fund NA Growth : `500 and in multiples of ` 1/- thereafter All other s:` 5,000 and in multiples of `1/- thereafter Growth : ` 500 and in multiples of ` 1/- thereafter All other s: ` 1,000 and in multiples of ` 1/- thereafter - - Axis Arbitrage Fund NA 5,000/1 100/1 1,000/1 12 Axis Children s Gift Fund NA 5,000/1 100/1 1,000/1 12 Axis Dynamic Equity Fund NA 5,000/1 100/1 1,000/1 12 Please refer to the website for current load structure. For complete information refer Key Information Memorandum (KIM) or Scheme Information Doucment (SID). Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid schemes effective from May 18,

32 ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 28 th September 2018) 1 Year 3 Years 5 Years Since Inception Date of inception Investment of ` 10,000 Investment of ` 10,000 Investment of ` 10,000 Value Of Investment Of ` 10,000 Was Invested On FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Bluechip Fund - Growth 11.89% 11, % 14, % 21, % 26,540 Nifty 50 (Benchmark) 05-Jan % 11, % 14, % 20, % 23,067 S&P BSE Sensex (Additional Benchmark) 17.13% 11, % 14, % 20, % 23,286 Axis Bluechip Fund - Direct Plan - Growth 13.49% 11, % 14, % 22, % 23,284 Nifty 50 (Benchmark) 01-Jan % 11, % 14, % 20, % 19,755 S&P BSE Sensex (Additional Benchmark) 17.13% 11, % 14, % 20, % 20,092 Axis Midcap Fund - Growth 12.06% 11, % 13, % 29, % 34,370 S&P BSE Midcap (Benchmark) 18-Feb % 9, % 14, % 27, % 24,629 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 22,052 Axis Midcap Fund - Direct Plan - Growth 13.27% 11, % 13, % 31, % 26,866 S&P BSE Midcap (Benchmark) 01-Jan % 9, % 14, % 27, % 22,149 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 19,755 Axis Equity Advantage Fund - Series % 10, % 11,070 75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 25-May % 11, % 11,402 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 11,750 Axis Equity Advantage Fund - Series 1 - Direct Plan % 10, % 11,320 75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (Benchmark) 25-May % 11, % 11,402 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 11,750 Axis Equity Advantage Fund - Series % 10, % 10,460 75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 03-Aug % 11, % 10,833 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 11,081 Axis Equity Advantage Fund - Series 2 - Direct Plan % 10, % 10,700 75% Nifty 50 TRI + 25% Crisil Composite Bond Fund Index (s2) (Benchmark) 03-Aug % 11, % 10,833 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 11,081 FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 4 SCHEMES) Axis Long Term Equity Fund - Growth* 8.04% 10, % 13, % 28, % 41,813 S&P BSE 200 (Benchmark) 29-Dec % 10, % 14, % 21, % 24,125 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 23,467 Axis Long Term Equity Fund - Direct Plan - Growth* 9.14% 10, % 14, % 30, % 29,943 S&P BSE 200 (Benchmark) 01-Jan % 10, % 14, % 21, % 20,528 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 20, % 19,755 Axis Focused 25 Fund - Growth 9.38% 10, % 15, % 23, % 26,700 Nifty 50 (Benchmark) 29-Jun % 11, % 14, % 20, % 22,382 S&P BSE 200 (Additional Benchmark) 9.54% 10, % 14, % 21, % 23,661 Axis Focused 25 Fund - Direct Plan - Growth 10.60% 11, % 15, % 25, % 24,520 Nifty 50 (Benchmark) 01-Jan % 11, % 14, % 20, % 19,755 S&P BSE 200 (Additional Benchmark) 9.54% 10, % 14, % 21, % 20,528 Axis Emerging Opportunities Fund - Series 1 (1400 Days) % 10, % 11,660 S&P BSE Midcap (Benchmark) 29-Dec % 9, % 12,661 Nifty 50 (Additional Benchmark) 13.20% 11, % 13,829 Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct 3.28% 10, % 11,980 - Growth S&P BSE Midcap (Benchmark) 29-Dec % 9, % 12,661 Nifty 50 (Additional Benchmark) 13.20% 11, % 13,829 FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 7 SCHEMES) Axis Equity Saver Fund % 10, % 12, % 12,260 NIFTY 50 Equity Savings Index (Benchmark) 14-Aug % 10, % 12, % 12,607 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 13,361 Axis Equity Saver Fund - Direct Plan % 10, % 12, % 12,730 NIFTY 50 Equity Savings Index (Benchmark) 14-Aug % 10, % 12, % 12,607 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 13,361 Axis Triple Advantage Fund - Growth 1.65% 10, % 12, % 14, % 18,134 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 23-Aug % 10, % 13, % 17, % 20,586 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, Axis Triple Advantage Fund - Direct Plan Growth 2.62% 10, % 12, % 15, % 15,188 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 01-Jan % 10, % 13, % 17, % 17,147 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 13,994 Axis Dynamic Bond Fund - Growth 1.88% 10, % 12, % 14, % 17,835 NIFTY Composite Debt Index (Benchmark) 27-Apr % 10, % 11, % 14, % 17,560 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 15,945 Axis Dynamic Bond Fund - Direct Plan - Growth 2.79% 10, % 12, % 15, % 16,315 NIFTY Composite Debt Index (Benchmark) 01-Jan % 10, % 11, % 14, % 15,151 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 13,994 Axis Capital Protection Oriented Fund - Series 5 # 6.98% 10, % 12, % 15, % 15,687 Crisil Hybrid Conservative Index (Benchmark) 02-Nov % 10, % 12, % 16, % 16,549 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,273 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan % 10, % 12,420 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan % 10, % 12,996 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - No Lock-in - Regular Plan % 10, % 12,419 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - No Lock-in - Direct Plan % 10, % 13,100 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Dynamic Equity Fund - Growth 6.49% 10, % 10,670 NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 1-Aug % 10, % 10,565 Nifty 50 (Additional Benchmark) 13.20% 11, % 10,972 Axis Dynamic Equity Fund - Direct Plan - Growth 8.36% 10, % 10,890 NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 1-Aug % 10, % 10,565 Nifty 50 (Additional Benchmark) 13.20% 11, % 10,972 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Triple Advantage Fund - Growth 1.65% 10, % 12, % 14, % 18,134 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 23-Aug % 10, % 13, % 17, % 20,586 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, Axis Triple Advantage Fund - Direct Plan Growth 2.62% 10, % 12, % 15, % 15,188 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) (Benchmark) 01-Jan % 10, % 13, % 17, % 17,147 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 13,994 Axis Regular Saver Fund - Growth # 3.87% 10, % 11, % 15, % 18,689 NIFTY 50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 16-Jul % 10, % 12, % 16, % 20,224 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, Axis Regular Saver Fund - Direct Plan - Growth # 5.10% 10, % 12, % 16, % 17,137 NIFTY50 Hybrid Short Duration Debt 25:75 Index (Benchmark) 04-Jan % 10, % 12, % 16, % 16,625 NIFTY 10 yr Benchmark G-Sec (Additional Benchmark) -2.92% 9, % 11, % 14, % 13,927 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan % 10, % 12,420 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan % 10, % 12,996 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Childrens Gift Fund - No Lock-in - Regular Plan % 10, % 12,419 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Inception Date 32

33 ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 28 th September 2018) 1 Year 3 Years 5 Years Since Inception Date of inception Investment of ` 10,000 Investment of ` 10,000 Investment of ` 10,000 Value Of Investment Of ` 10,000 Was Invested On Axis Childrens Gift Fund - No Lock-in - Direct Plan % 10, % 13,100 NIFTY 50 Hybrid Composite Debt 65:35 Index (Benchmark) 08-Dec % 10, % 13,752 Nifty 50 (Additional Benchmark) 13.20% 11, % 14,745 Axis Nifty ETF 13.06% 11, % 11, Jul-17 Nifty 50 (Benchmark) 13.20% 11, % 11,573 FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 5 SCHEMES) Axis Liquid Fund - Growth 7.16% 10, % 12, % 14, % 19,903 NIFTY Liquid Index (Benchmark) 09-Oct % 10, % 12, % 14, % 19,804 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.02% 10, % 12, % 14, % 17,988 Axis Liquid Fund - Direct Plan - Growth 7.22% 10, % 12, % 14, % 15,695 NIFTY Liquid Index (Benchmark) 31-Dec % 10, % 12, % 14, % 15,532 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.02% 10, % 12, % 14, % 15,079 Axis Liquid Fund - Retail Plan - Growth 6.54% 10, % 12, % 14, % 18,842 NIFTY Liquid Index (Benchmark) 01-Mar % 10, % 12, % 14, % 19,539 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.02% 10, % 12, % 14, % 17,729 Axis Treasury Advantage Fund - Growth 6.34% 10, % 12, % 14, % 19,943 NIFTY Low Duration Debt Index (Benchmark) 09-Oct % 10, % 12, % 14, % 20,311 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 17,988 Axis Treasury Advantage Fund - Direct Plan - Growth 6.90% 10, % 12, % 14, % 16,008 NIFTY Low Duration Debt Index (Benchmark) 01-Jan % 10, % 12, % 14, % 15,678 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,073 Axis Treasury Advantage Fund - Retail Plan - Growth 6.03% 10, % 12, % 14, % 18,663 NIFTY Low Duration Debt Index (Benchmark) 03-Mar % 10, % 12, % 14, % 19,866 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 17,726 Axis Banking & PSU Debt Fund - Growth 5.33% 10, % 12, % 14, % 16,352 NIFTY Banking & PSU Debt Index (Benchmark) 08-Jun % 10, % 12, % 14, % 16,320 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,705 Axis Banking & PSU Debt Fund - Direct Plan - Growth 5.62% 10, % 12, % 14, % 15,705 NIFTY Banking & PSU Debt Index (Benchmark) 01-Jan % 10, % 12, % 14, % 15,399 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 15,073 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Equity Saver Fund % 10, % 12, % 12,260 NIFTY50 Equity Savings Index (Benchmark) 14-Aug % 10, % 12, % 12,607 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 13,361 Axis Equity Saver Fund - Direct Plan % 10, % 12, % 12,730 NIFTY50 Equity Savings Index (Benchmark) 14-Aug % 10, % 12, % 12,607 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 13,361 Axis Small Cap Fund % 10, % 13, % 25,710 Nifty Smallcap 100 (Benchmark) 29-Nov % 8, % 12, % 20,338 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 18,810 Axis Small Cap Fund - Direct Plan % 10, % 13, % 27,130 Nifty Smallcap 100 (Benchmark) 29-Nov % 8, % 12, % 20,338 Nifty 50 (Additional Benchmark) 13.20% 11, % 14, % 18,810 Axis Dynamic Equity Fund - Growth 6.49% 10, % 10,670 NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 1-Aug % 10, % 10,565 Nifty 50 (Additional Benchmark) 13.20% 11, % 10,972 Axis Dynamic Equity Fund - Direct Plan - Growth 8.36% 10, % 10,890 NIFTY 50 Hybrid Composite Debt 50:50 Index (Benchmark) 1-Aug % 10, % 10,565 Nifty 50 (Additional Benchmark) 13.20% 11, % 10,972 Axis Emerging Opportunities Fund - Series 1 (1400 Days) % 10, % 11,660 S&P BSE MidCap TRI (Benchmark) 29-Dec % 9, % 12,661 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 13,829 Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct 3.28% 10, % 11,980 - Growth S&P BSE MidCap TRI (Benchmark) 29-Dec % 9, % 12,661 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 13,829 Axis Emerging Opportunities Fund - Series 2 (1400 Days) % 10, % 11,320 S&P BSE MidCap TRI (Benchmark) 27-Feb % 9, % 11,123 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 12,585 Axis Emerging Opportunities Fund - Series 2 (1400 Days) - Direct 3.76% 10, % 11,600 - Growth S&P BSE MidCap TRI (Benchmark) 27-Feb % 9, % 11,123 Nifty 50 TRI (Additio-l Benchmark) 13.20% 11, % 12,585 TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 24 - Growth 8.30% 10, % 12,200 NA NA 5.86% 12,058 CRISIL Hybrid Conservative Index (Benchmark) 17-Jun % 10, % 12,457 NA NA 8.00% 12,875 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.96% 12,472 Axis Hybrid Fund - Series 24 - Direct Plan - Growth 9.83% 10, % 12,686 NA NA 7.23% 12,578 CRISIL Hybrid Conservative Index (Benchmark) 17-Jun % 10, % 12,457 NA NA 8.00% 12,875 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.96% 12,472 Axis Hybrid Fund - Series 23 - Growth 8.29% 10, % 12,323 NA NA 5.33% 11,895 CRISIL Hybrid Conservative Index (Benchmark) 28-May % 10, % 12,457 NA NA 7.62% 12,780 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.98% 12,528 Axis Hybrid Fund - Series 23 - Direct Plan - Growth 9.82% 10, % 12,814 NA NA 6.69% 12,415 CRISIL Hybrid Conservative Index (Benchmark) 28-May % 10, % 12,457 NA NA 7.62% 12,780 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.98% 12,528 Axis Hybrid Fund - Series 22 - Growth 8.14% 10, % 12,156 NA NA 5.09% 11,830 CRISIL Hybrid Conservative Index (Benchmark) 11-May % 10, % 12,457 NA NA 7.73% 12,867 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 7.02% 12,585 Axis Hybrid Fund - Series 22 - Direct Plan - Growth 9.67% 10, % 12,640 NA NA 6.44% 12,355 CRISIL Hybrid Conservative Index (Benchmark) 11-May % 10, % 12,457 NA NA 7.73% 12,867 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 7.02% 12,585 BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 6 - Growth 1.86% 10, % 10, % 12, % 13,298 CRISIL Hybrid Conservative Index (Benchmark) 16-Aug % 10, % 12, % 16, % 16,549 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,685 Axis Hybrid Fund - Series 6 - Direct Plan - Growth 2.89% 10, % 10, % 13, % 13,976 CRISIL Hybrid Conservative Index (Benchmark) 16-Aug % 10, % 12, % 16, % 16,549 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,685 Axis Hybrid Fund - Series 7 - Growth 1.80% 10, % 10, % 13, % 13,298 CRISIL Hybrid Conservative Index (Benchmark) 05-Sep % 10, % 12, % 16, % 16,151 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,559 Axis Hybrid Fund - Series 5 - Growth 1.58% 10, % 10, % 13, % 12,890 CRISIL Hybrid Conservative Index (Benchmark) 25-Jul % 10, % 12, % 16, % 16,063 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,691 Axis Hybrid Fund - Series 5 - Direct Plan - Growth 2.60% 10, % 10, % 13, % 13,551 CRISIL Hybrid Conservative Index (Benchmark) 25-Jul % 10, % 12, % 16, % 16,063 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,691 TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 34 SCHEMES) Axis Hybrid Fund - Series 24 - Growth 8.30% 10, % 12,200 NA NA 5.86% 12,058 CRISIL Hybrid Conservative Index (Benchmark) 17-Jun % 10, % 12,457 NA NA 8.00% 12,875 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.96% 12,472 Axis Hybrid Fund - Series 24 - Direct Plan - Growth 9.83% 10, % 12,686 NA NA 7.23% 12,578 CRISIL Hybrid Conservative Index (Benchmark) 17-Jun % 10, % 12,457 NA NA 8.00% 12,875 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.96% 12,472 Axis Hybrid Fund - Series 23 - Growth 8.29% 10, % 12,323 NA NA 5.33% 11,895 CRISIL Hybrid Conservative Index (Benchmark) 28-May % 10, % 12,457 NA NA 7.62% 12,780 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.98% 12,528 Axis Hybrid Fund - Series 23 - Direct Plan - Growth 9.82% 10, % 12,814 NA NA 6.69% 12,415 CRISIL Hybrid Conservative Index (Benchmark) 28-May % 10, % 12,457 NA NA 7.62% 12,780 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 6.98% 12, Inception Date

34 ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 28 th September 2018) Date of inception Investment of ` 10,000 1 Year 3 Years 5 Years Since Inception Of ` 10,000 Was Invested On Inception Date Axis Hybrid Fund - Series 22 - Growth 8.14% 10, % 12,156 NA NA 5.09% 11,830 CRISIL Hybrid Conservative Index (Benchmark) 11-May % 10, % 12,457 NA NA 7.73% 12,867 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 7.02% 12,585 Axis Hybrid Fund - Series 22 - Direct Plan - Growth 9.67% 10, % 12,640 NA NA 6.44% 12,355 CRISIL Hybrid Conservative Index (Benchmark) 11-May % 10, % 12,457 NA NA 7.73% 12,867 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12,170 NA NA 7.02% 12,585 BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 34 SCHEMES) Axis Hybrid Fund - Series 5 - Growth 1.58% 10, % 10, % 13, % 12,890 CRISIL Hybrid Conservative Index (Benchmark) 25-Jul % 10, % 12, % 16, % 16,063 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,691 Axis Hybrid Fund - Series 5 - Direct Plan - Growth 2.60% 10, % 10, % 13, % 13,551 CRISIL Hybrid Conservative Index (Benchmark) 25-Jul % 10, % 12, % 16, % 16,063 NIFTY 1 Year T-Bill Index (Additional Benchmark) 6.03% 10, % 12, % 14, % 14,691 Axis Gold ETF 1.15% 10, % 10, % 9, % 13, Nov-10 Domestic Price of Gold (Benchmark) 2.08% 10, % 11, % 10, % 13,796 Axis Gilt Fund - Growth -0.56% 9, % 11, % 14, % 15, Jan-12 NIFTY All Duration G-Sec Index (Benchmark) -0.23% 9, % 11, % 14, % 15,573 Axis Gilt Fund - Direct Plan - Growth -0.03% 9, % 11, % 14, % 14, Jan-13 NIFTY All Duration G-Sec Index (Benchmark) -0.23% 9, % 11, % 14, % 14,344 Past performance may or may not be sustained in future. Calculations are based on Growth. Above data excludes schemes which have not completed a year. The above data excludes performance of direct plans of schemes which have not completed a year. The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. Additional Benchmark of certain schemes have been changed w.e.f. September 30, Investment of ` 10,000 Investment of ` 10,000 Value Of Investment Past performance may or may not be sustained in the future. Calculations are based on Growth. Since inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2, /- invested at inception for Axis Gold ETF and on Rs. 10/- invested at inception for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund since 7th June 2016 and Axis Emerging Opportunites Fund Series 1 and Series 2 since inception Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception and Axis Multicap Fund since 20th November 2017, Axis Equity Hybrid Fund since inception. Anupam Tiwari is managing Axis Equity Saver Fund and Axis Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception & Axis Capital Builder Fund - Series 1 since 8th March 2018, Ashwin Patni is managing Axis Arbitrage Fund, Axis Capital Protection Oriented Fund Series 5 and all Axis Hybrid Funds since 27th April, 2015 (since inception date for Axis Hybrid Funds launched after 27th April, 2015) and Axis Equity Advantage Fund - Series 1 since 25th May, 2017, Axis Equity Advantage Fund - Series 2 since inception, Axis Dynamic Equity Fund since inception. Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund, Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver Fund (Debt portion), Axis Gold Fund, Axis Gold ETF, all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, Ashish Naik is managing the equity portion of Axis Regular Saver Fund and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children s Gift Fund since July 6th, 2016 and Axis Nifty ETF since July 3rd 2017, Axis Capital Builder Fund - Series 1 since 8th March 2018, Axis Equity Hybrid Fund since inception. Aditya Pagaria is managing Axis Ultra short term fund since inception and Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Banking & PSU Debt Fund since 13th August, 2016 & Axis Equity Advantage Fund Series - 1 since 26th May, R. Sivakumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection Oriented Fund Series 5 since inception, Axis Triple Advantage Fund since 14th September 2010 and Axis Children s Gift Fund (debt portion) since 7th June 2016, Axis Dynamic Equity Fund since inception, Axis Equity Hybrid Fund since performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. W.e.f January 1, 2013, Axis Short Term Fund - Institutional Plan, Axis Treasury Advantage Fund - Institutional Plan & Axis Liquid Fund - Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund, respectively. * An open ended equity linked savings scheme with a 3 year lock-in. # Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Total Expense Ratio** Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Liquid Fund : 0.15% / 0.74% / 0.11%, Axis Treasury Advantage Fund : 0.78% / 0.78% / 0.25%, Axis Banking & PSU Debt Fund : 0.58% / 0.29%, Axis Short Term Fund : 0.99% / 0.99%/ 0.28%, Axis Dynamic Bond Fund : 1.52% / 0.62%, Axis Gilt Fund : 0.75% / 0.22%, Axis Strategic Bond Fund : 1.17% / 0.56%, Axis Credit Risk Fund : 1.70% / 0.69%, Axis Arbitrage Fund : 1.11% / 0.28%, Axis Corporate Debt Fund : 1.16% / 0.28%, Axis Regular Saver* : 2.65% / 1.50%, Axis Long Term Equity Fund*: 2.25% / 1.24%, Axis Focused 25 Fund* : 2.46% / 1.33%, Axis Bluechip Fund* : 2.52% / 0.92%, Axis Triple Advantage Fund* : 2.52% / 1.27%, Axis Midcap Fund*: 2.55% / 1.36%, Axis Equity Saver Fund* : 2.80% / 1.69%, Axis Children s Gift Fund* : 2.76% / 0.99%, Axis Dynamic Equity Fund* : 2.54% / 0.81%, Axis Multi Cap Fund* : 2.49% / 0.79%, Axis Equity Hybrid Fund* : 2.55% / 0.57% *The rates mentioned above are inclusive of a proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes. 1. Total Expenses Ratio is inclusive of GST 2. **Total Expenses Ratio is of last day of the month Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18,

35 PRODUCT LABELLING AXIS BLUECHIP FUND (An open ended equity scheme predominantly investing in large cap stocks) Capital appreciation over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments of large cap companies AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.) 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 (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Capital appreciation & generating income over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments AXIS MIDCAP FUND (An open ended equity scheme predominantly investing in Mid Cap stocks) Capital appreciation over long term Investing predominantly in equity & equity related instruments of Mid Cap companies. AXIS MULTICAP FUND (An open ended equity scheme investing across large cap, mid cap, small cap stocks) Capital appreciation over medium to long term Investment in a diversified portfolio consisting of equity and equity related instruments across market capitalization. AXIS TRIPLE ADVANTAGE FUND (An open ended scheme investing in equity, debt and gold) 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 REGULAR SAVER FUND (An open ended hybrid scheme investing predominantly in debt instruments) 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 AXIS GOLD ETF (An open ended scheme replicating/tracking Domestic Price of Gold) 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 (An open ended fund of fund scheme investing in Axis Gold ETF) 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 (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) 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 (An open ended fund for investment for children, having a lock-in of 5 years or till the child attains age of majority (whichever is earlier)) Capital appreciation & generating income over long term Investment in debt and money market instruments as well as equity and equity related instruments AXIS DYNAMIC EQUITY FUND (An open ended dynamic assetallocation fund) Capital appreciation & generating income over medium to long term Investment in equity and equity related instruments as well as debt and money market instruments while managing risk through active asset allocation AXIS NIFTY ETF (An open ended Scheme replicating/ tracking Nifty 50 Index) Capital appreciation over medium to long term Investments in Equity & Equity related instruments covered by Nifty 50 Index AXIS GILT FUND (An open ended debt scheme investing in government securities across maturity) Credit risk free returns over medium to long term Investment mainly in Government securities across maturities AXIS DYNAMIC BOND FUND (An open ended dynamic debt scheme investing across duration) 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 CORPORATE DEBT FUND (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) Regular income over short to medium - term Predominantly investing in corporate debt AXIS STRATEGIC BOND FUND (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years) Optimal returns over medium term Investment in diversified portfolio of debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity AXIS ARBITRAGE FUND (An open ended scheme investing in arbitrage opportunities) Income over short to medium term Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS CREDIT RISK FUND (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) 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 (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years) Regular income while maintaining liquidity over short term Investment in debt and money market instruments AXIS BANKING & PSU DEBT FUND (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions) Regular income over short to medium term Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 to 12 months) Regular income over short term Investment in debt and money market instruments AXIS LIQUID FUND (An open ended liquid scheme) Regular income over short term Investment in debt and money market instruments * Investors should consult their financial advisers if in doubt about whether the product is suitable for them Low Moderately Low Riskometer Moderate Moderately High LOW HIGH Investors understand that their principal will be at moderately high risk Low Moderately Low Riskometer Moderate Moderately High LOW HIGH Investors understand that their principal will be at moderate risk Low Moderately Low Riskometer Moderate Moderately High LOW HIGH Investors understand that their principal will be at moderately low risk Low Moderately Low Riskometer Moderate Moderately High High High High High 35 LOW HIGH Investors understand that their principal will be at low risk

36