Key Information Memorandum Cum Application Forms

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1 Key Information Memorandum Cum Application Forms Scheme Name This product is suitable for investors who are seeking* Scheme Name This product is suitable for investors who are seeking* AXIS EQUITY FUND (An open-ended growth scheme) AXIS LONG TERM EQUITY FUND (An open-ended equity linked savings scheme with a 3 year lock-in) AXIS MIDCAP FUND (An open-ended equity scheme) AXIS FOCUSED 25 FUND (An open-ended equity scheme) Capital appreciation over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments High risk (BROWN) Capital appreciation & generating income over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments High risk (BROWN) Capital appreciation over long term Investing predominantly in equity & equity related instruments of mid size companies with focus on relatively larger companies within this category High risk (BROWN) Capital appreciation over long term Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies High risk (BROWN) AXIS DYNAMIC BOND FUND (An open-ended debt fund) AXIS CONSTANT MATURITY 10 YEAR FUND (An open ended Gilt scheme) AXIS INCOME FUND (An open-ended debt scheme) AXIS TREASURY ADVANTAGE FUND (An open-ended debt scheme) 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 Low risk (BLUE) Credit risk free returns over medium to long term Investment mainly in Government securities to generate returns similar to that of 10 year government bonds Low risk (BLUE) Optimal returns over medium term Investment in diversified portfolio of high quality debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity Low risk (BLUE) Regular income over short term Investment in debt and money market instruments Low risk (BLUE) AXIS INCOME SAVER (An open ended income fund) AXIS TRIPLE ADVANTAGE FUND (An open ended hybrid fund) AXIS ENHANCED ARBITRAGE FUND (An open-ended arbitrage fund) AXIS BANKING DEBT FUND (An open-ended debt scheme) This document is dated : November 27, 2014 Capital appreciation while generating income over medium to long term Investment in debt and money market instruments as well as equity and equity related instruments while managing risk through active asset allocation Medium risk (YELLOW) 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 Medium risk (YELLOW) Income over short to medium term Investment in arbitrage opportunities in the cash & derivatives segment of the equity market Medium risk (YELLOW) Regular income over short to medium term Investment in debt and money market instruments issued by banks Low risk (BLUE) AXIS SHORT TERM FUND (An open-ended debt scheme) AXIS LIQUID FUND (An open-ended liquid scheme) AXIS FIXED INCOME OPPORTUNITIES FUND (an Open-ended Debt Scheme) AXIS GOLD FUND (An open-ended fund of fund scheme) Regular income while maintaining liquidity over short to medium term Investment in debt and money market instruments Low risk (BLUE) Regular income over short term Investment in debt and money market instruments Low risk (BLUE) Stable returns in the short to medium term Investment in debt and money market instruments across the yield curve and credit spectrum. Low risk (BLUE) Capital Appreciation over medium to long term Investments predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking error Medium risk (YELLOW) *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk Sponsor: Axis Bank Ltd. Trustee: Axis Mutual Fund Trustee Limited Investment Manager: Axis Asset Management Company Limited Registered Office: Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai Offer for units at applicable NAV based prices. This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/mutual Fund, due diligence certificate by the AMC, Key Personnel, investors rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the website The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

2 Name of scheme AXIS EQUITY FUND (An open-ended growth scheme) AXIS LONG TERM EQUITY FUND (An open-ended equity linked savings scheme with a 3 year lock-in) Investment objective To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the scheme will be achieved. 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. Asset allocation pattern of the scheme Differentiation with existing open ended equity schemes of Axis Mutual Fund (as on October 31, 2014) Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments 80% - 100% Debt and Money Market Instruments* 0% - 20% Including derivatives instruments to the extent of 100% of the net assets *Investment in securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 20% of the net assets of the Scheme. Investment in foreign securities shall not exceed 40% of the net assets of the Scheme. Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments 80% - 100% Debt and Money Market Instruments^ 0% - 20% ^Includes Investment in securitized Debt up to 20% of the net assets of the Scheme (as and when permitted). The Scheme will not invest in foreign securitized debt. Investment in foreign securities shall not exceed 40% of the net assets of the Scheme (as and when permitted). Including derivatives instruments to the extent of 100% of the net assets of the scheme (as and when permitted). For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 22 & 23. Investment strategy The Fund will actively manage a diversified portfolio of strong growth companies with sustainable business models, whilst managing risk. The Fund will have the flexibility to invest across the market capitalization (i.e. large, mid and small cap companies) spectrum and industries / sectors. The companies would be individually researched and selected only when the fund management team has satisfied itself on robustness of the company s business model, sustainability of its competitive advantage and the credibility of its top management team. The Fund will invest in a diversified portfolio of strong growth companies with sustainable business models. Though the benchmark is BSE-200, the investments will not be limited to the companies constituting the benchmark. The Fund will have the flexibility to invest across the market capitalization spectrum (i.e. large, mid and small cap companies) and across industries/ sectors. The companies would be individually researched and selected only when the fund management team has satisfied itself on robustness of the company s business model, sustainability of its competitive advantage and the credibility of its top management team. The Fund will endeavor that the corpus of the scheme remains fully invested in equity and equity-related instruments at all times. Risk profile of the scheme Risk management strategies Plans and options Applicable NAV Mutual Fund units involve investment risks including the possible loss of principal. Please read the Scheme Information Document (SID) carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in equity and equity related securities, derivatives, foreign securities, debt securities, securitized debt, money market instruments, short selling and securities lending. Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity and debt investments. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. to the extent of the Scheme s investments in such securities. Please refer to the SID for further details. Mutual Fund units involve investment risks including the possible loss of principal. Please read the Scheme Information Document (SID) carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in equity and equity related securities, derivatives, foreign securities, debt securities, securitized debt, money market instruments, short selling and securities lending. Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity and debt investments. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. to the extent of the Scheme s investments in such securities. Please refer to the SID for further details. Due to the lock-in requirements under ELSS Guidelines, the ability of investors to realize returns is restricted for the first three years. The Fund, by utilizing a holistic risk management strategy, will endeavor to manage risks associated with investing in equity markets. The risk control process involves identifying & measuring the risk through various risk measurement tools. The Fund has identified following risks of investing in equities and designed risk management strategies, which are embedded in the investment process to manage such risks. Risk & description specific to equities Risk mitigants/ Management strategy Quality risk - Risk of investing in unsustainable/ weak companies Investment universe carefully selected to only include high quality businesses Price risk - Risk of overpaying for a company Fair value based investment a approach supported by comprehensive research Concentration risk Invest across the market capitalization spectrum and industries/ sectors Liquidity risk - High impact costs Control portfolio liquidity at portfolio construction stage Volatility - Price volatility due to company or portfolio specific factors Control risk class/ sector/ stock exposures to control overall portfolio volatility Event risk - Price risk due to company or sector specific event Understand businesses to respond effectively and speedily to events Usage of derivatives: Hedge portfolios, if required, in case of predictable events with uncertain outcomes Plans: Axis Equity Fund (existing plan) & Axis Equity Fund - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout and Reinvestment) Default Plan: Axis Equity Fund - Direct Plan Default Option: Growth; Default Sub-Option: Reinvestment Plans: Axis Long Term Equity Fund (existing plan) & Axis Long Term Equity Fund - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout and Reinvestment) Default Plan: Axis Long Term Equity Fund - Direct Plan Default Option: Growth; Default Sub-Option: Reinvestment Note: Direct Plan is for investors who purchase /subscribe units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under the Direct Plan. Please refer to point no. 1 on page no. 21 Minimum application and redemption amount/ number of units Purchase Additional Purchase Repurchase ` 5,000 and in multiples of ` 1 thereafter ` 100 and in multiples of ` 1 thereafter Minimum Redemption/ Switch - ` 1,000 or 100 units in respect of each option Purchase Additional Purchase Repurchase ` 500 and in multiples of ` 500 thereafter ` 500 and in multiples of ` 500 thereafter Minimum Redemption/ Switch - ` 500 or 50 units in respect of each option 2 KEY INFORMATION MEMORANDUM

3 Minimum application and redemption amount/ number of units (contd.) Despatch of repurchase (redemption) request Benchmark index Dividend policy Name of fund manager Name of the trustee company Performance of the scheme (as on October 31, 2014) Expenses of the scheme (i) Load structure (ii) Recurring expenses Minimum application amount through SIP - ` 1,000 per month Minimum number of installments - 30 For details of investment/transaction through SIP/SWP facility please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. CNX Nifty S&P BSE 200 Minimum application amount through SIP - ` 500 per month Minimum number of installments - 30 Redemption of units can be made only after 3 year of lock-in-period from the date of allotment of the units proposed to be redeemed. For details of investment through Systematic Investment Plan (SIP) facility please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the unit holders as to the rate of dividend nor that the dividend will be paid regularly. Mr. Pankaj Murarka Axis Mutual Fund Trustee Limited Axis Equity Fund CNX Nifty 1 year returns 37.93% 32.12% 3 year returns Returns Since Inception 13.76% 9.90% Absolute returns for the past 5 financial years. 4.00% -0.55% * Date of Allotment - January 5, 2010 Returns Since Inception 21.76% 16.02% *Inception to March 31, 2010 Axis Equity Fund - Direct Plan CNX Nifty 1 year returns 39.50% 32.12% -0.33% 6.06% 11.14% -4.37% -6.53% Absolute returns for the past 2 financial years % 17.98% 17.10% 27.50% 20.11% Axis Equity Fund - Direct Plan CNX Nifty (Benchmark) -4.51% Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was introduced on January 1, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. 7.31% Axis Equity Fund - Growth CNX Nifty (Benchmark) 19.80% 17.98% Entry load : NA Exit load : 1% if units are redeemed/switched out within 12 months from the date of allotment Mr. Jinesh Gopani Axis Long Term Equity Fund S&P BSE year returns 67.84% 36.21% 3 year returns 28.98% 16.30% Returns Since Inception 22.86% 9.63% Absolute returns for the past 5 financial years. Axis Long Term Equity Fund - Growth 8.47% 14.54% 13.14% -0.45% S&P BSE 200 (Benchmark) 1.17% * 8.15% Date of Allotment - December 29, % Axis Long Term Equity Fund - Direct Plan *Inception to March 31, 2010 S&P BSE year returns 70.26% 36.21% Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. 6.03% 35.40% Absolute returns for the past 2 financial years % Axis Long Term Equity Fund - Direct Plan S&P BSE 200 (Benchmark) -4.80% -6.47% % % Returns Since Inception 40.27% 19.56% Entry load : NA Exit load : Nil Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was introduced on January 1, No load will be charged on the units allotted on reinvestment of dividends. The above mentioned load structure shall be equally applicable to the special products such as SIP, switches, STP and SWP (only for Axis Equity Fund) etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. However, for switches between equity schemes, load will be charged by the AMC. In case of Axis Long Term Equity Fund, an open ended equity linked savings scheme with a 3 year lock-in, unit holders will not be able to switch from Existing Plan to Direct Plan, their investments fully or in part for a period of 3 years from the date of allotment of units. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee / AMC reserve the right to change/ modify the Load Structure from a prospective date. The recurring expenses as a % of daily net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores %; On the next ` 300 crores %; On the next ` 300 crores %; On the balance of assets %. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC'); Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expense for the financial year ended March 31, % (audited) Actual expense for the financial year ended March 31, % (audited) KEY INFORMATION MEMORANDUM 3

4 Transaction charges Waiver of load for direct applications Tax treatment for unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Unit holder s information Name of scheme Please refer to point no. 2 on page no. 21 Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Please refer to point no. 6 on page no. 21 AXIS INCOME SAVER (An open ended income fund) AXIS TRIPLE ADVANTAGE FUND (An open ended hybrid fund) Investment objective Asset allocation pattern of the scheme 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. It also aims to manage risk through active asset allocation. Under normal circumstances, the asset allocation pattern will be: Type of Instrument Normal Allocation (% of net assets) Debt* and money market instruments 65% - 99% Equity and Equity related instruments 1% - 35% *Includes securitized debt (excluding foreign securitized debt) up to 65% of the net assets of the Scheme. Includes derivative instruments to the extent of 100% of the net assets of the scheme. The Scheme can invest up to 50% of net assets in foreign securities. th In accordance with SEBI Circular No. CIR/IMD/DF/214/2012 dated 13th September,19 November, 2012:- Total exposure of debt schemes of mutual funds in a particular sector (excluding investments in Bank CDs, CBLO, G-Secs, TBills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the scheme; Additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only; Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 30% of the net assets of the scheme. 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. Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments 30% - 40% Debt and Money Market Instruments* 30% - 40% Gold Exchange Traded Funds 20% - 30% *Investment in securitized debt (excluding foreign securitized debt) - Up to 40% of the net assets of the Scheme. Including derivatives instruments to the extent of 80% of the net assets of the Scheme. Investment in foreign securities - Up to 50% of the net assets of the Scheme. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014) Axis Income Saver, an open ended income fund is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/ product of Axis Mutual Fund. Axis Triple Advantage Fund, an open ended hybrid fund is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. Further, the existing products of Axis Mutual Fund are either debt, liquid or equity funds and hence the 'hybrid fund' under consideration cannot be compared with any other existing schemes. For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 23 to 25. Investment strategy The Scheme has dual objectives of generating income and capital gains while attempting to manage the risk from the market. In order to achieve the twin objectives, the Scheme intends to follow a top-down and bottom-up investment strategy. The top-down process would lead to the asset-allocation between equities and fixed income and the bottom-up process would lead to construction of the portfolio using specific securities. The Scheme would invest both in equities and fixed income instruments. Allocation between the two asset classes will be done using a quantitative asset allocation methodology. This methodology will be the primary tool to manage the overall risk of the portfolio in such a way as to achieve the objective of managing risk. The quantitative tool has been simulated with a target of limiting the downside to 5% in a calendar year. Within equities and fixed income, the portfolio would be actively managed to optimize returns within the respective asset class. The scheme seeks to provide superior risk adjusted returns through diversification across various asset classes such as equity, fixed income & gold that have historically shown low correlation with each other. Risk profile of the scheme Risk management strategies Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The Scheme carries risks associated with investing in equity and equity related securities, derivatives, debt and money market securities, foreign securities, securitized debt, short selling and securities lending. Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/ policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Equity and equity related instruments are volatile by nature. The name of the Scheme should in no way be construed as a guarantee or assurance of returns or capital invested in the scheme. The Scheme aims to manage the risk using a quantitative asset allocation methodology to decide the allocation between equity and fixed income securities. The investment team of the AMC will carry out rigorous in-depth credit evaluation of the money market and debt instruments (other than GSecs) proposed to be invested in. The credit evaluation will essentially be a bottom-up approach and include a study of the operating environment of the issuer, the past track record as well as the future prospects of the issuer and the short term/ long term financial health of the issuer. With respect to the equity component, the Scheme would invest in a diversified portfolio of equity and equity related securities which would help alleviate the sector/ market capitalization related concentration risk. Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The Scheme carries risks associated with investing in equities, fixed income instruments, derivatives, foreign securities, securitized debt, gold Exchange Traded Funds, short selling and securities lending. Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Equity and equity related instruments are volatile by nature. Investments in gold Exchange Traded Funds are subject to market risk, risks associated with investment in physical gold, liquidity risk, counterparty risk, etc. Please refer to the SID for further details. The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market and debt instruments (other than GSecs) proposed to be invested in. The credit evaluation will essentially be a bottom-up approach and include a study of the operating environment, past track record, future prospects and the financial health of the issuer. With respect to the equity component, the Scheme would invest in a diversified portfolio of equity and equity related securities which would help alleviate the sector/market capitalization related concentration risk. The AMC has experienced investment professionals to help limit investment universe to carefully selected high quality businesses. 4 KEY INFORMATION MEMORANDUM

5 Risk management strategies (contd.) The AMC has experienced investment professionals to help limit investment universe to carefully selected high quality businesses. The AMC would incorporate adequate safeguards for controlling risks in the portfolio construction process, which would be periodically evaluated. The Scheme will also use derivatives and other hedging instruments, as may be permitted by SEBI and RBI, from time to time, in order to protect the value of the portfolio. The risk control process involves identifying & measuring the risk through various Risk Measurement Tools. The AMC would incorporate adequate safeguards for controlling risks in the portfolio construction process. These would be periodically evaluated. The Scheme will also use derivatives and other hedging instruments, as may be permitted by SEBI and RBI, from time to time, to protect the value of the portfolio. The risk control process involves identifying & measuring risks through various risk measurement tools. For portfolio diversification, the Scheme will also invest in gold ETFs as gold, historically, has shown a low correlation to other asset classes like equity & debt. Plans and options Applicable NAV Minimum application and redemption amount/ number of units Despatch of repurchase (redemption) request Dividend policy Plans: Axis Income Saver (existing plan) & Axis Income Saver - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout & Reinvestment) Default Plan: Axis Income Saver - Direct Plan Sub Options: The Dividend Option would provide the following sub options: Quarterly; Half Yearly; Annual; If dividend payable under Dividend Payout option is equal to or less than ` 500 then the dividend would be compulsorily reinvested in the option of the Scheme. Default Option: Growth; Default Sub Option: Reinvestment; Default Dividend frequency: Quarterly Dividend Plans: Axis Triple Advantage Fund (existing plan) & Axis Triple Advantage Fund - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout & Reinvestment) Default Plan: Axis Triple Advantage Fund - Direct Plan Default Option: Growth; Default Sub Option: Reinvestment Note: Direct Plan is for investors who purchase /subscribe units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under the Direct Plan. Please refer to point no. 1 on Page no.21 Purchase ` 5,000 and in multiples of `1 thereafter Additional Purchase ` 100 and in multiples of ` 1 thereafter Repurchase Minimum Redemption - ` 1,000 or 100 units or account balance whichever is lower in respect of each option For details of investment/transaction through SIP/STP/SWP facility please refer to the SID. Minimum application amount through SIP - ` 1,000 per month; Minimum number of installments Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. Benchmark index CRISIL MIP Blended Fund Index 35% CNX Nifty +35% Crisil Composite Bond Fund Index +30% INR Price of Gold Name of the trustee company The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. For Axis Income Saver the Trustee will endeavor to declare the dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the unit holders as to the rate of dividend nor is there an assurance that dividend will be paid regularly. Name of fund manager Mr Kedar Karnik and Mr Jinesh Gopani Mr R. Sivakumar and Mr Sudhanshu Asthana Performance of the scheme (as on October 31, 2014) Expenses of the scheme (i) Load structure (applicable to SIP/STP/SWP and switches) Axis Mutual Fund Trustee Limited Axis Income Saver CRISIL MIP Blended Fund Index 1 year returns 19.38% 14.68% 1 year returns 12.12% 10.72% 3 years returns 11.53% 9.96% 3 years returns 9.52% 7.52% Returns Since Inception Absolute returns for the past 4 financial years. 4.09% 6.54% 4.33% 3.64% * CRISIL MIP Blended Fund Index (Benchmark) Date of Allotment - July 16, year returns Absolute returns for the past 2 financial years % Axis Income Saver - Direct Plan 6.43% CRISIL MIP Blended Fund Index (Benchmark) Inception to March 31, 2013, Since inception returns -0.42% are calculated form January 4, 2013 and Direct plan * was introduced on January 1, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. 7.26% Axis Income Saver - Direct Plan 9.06% CRISIL MIP Blended Fund Index 21.41% 14.68% Absolute returns for the past 4 financial years. 3.45% 6.75% 9.86% 8.68% * Axis Income Saver - Growth *Inception to March 31, 2011 Date of Allotment - August 23, % % 6.43% 9.88% 6.92% Axis Triple Advantage Fund 5.92% 5.02% Benchmark^ 9.20% 8.30% Returns Since Inception 9.11% 8.74% Axis Triple Advantage Fund - Growth ^35% CNX Nifty +35% Crisil Composite Bond Fund Index +30% INR Price of Gold (Benchmark) *Inception to March 31, 2011 Axis Triple Advantage Fund - Direct Plan Benchmark^ 1 year returns 13.63% 10.72% Returns Since Inception 13.94% 9.72% Returns Since Inception 8.35% 6.15% Entry Load : NA Exit Load : 1% if the investment is redeemed / switched out within 12 months from the date of allotment. Absolute returns for the past 2 financial years. 6.73% Axis Triple Advantage Fund - Direct Plan 5.02% ^35% CNX Nifty +35% Crisil Composite Bond Fund Index +30% INR Price of Gold (Benchmark) -2.27% Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was -2.74% introduced on January 1, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Entry Load : NA Exit Load : 3% if redeemed / switched - out within 1 year from date of allotment. 2% if redeemed / switched - out after 1 year and upto 2 years from the date of allotment. 1% if redeemed / switched - out after 2 years and upto 3 years from the date of allotment. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. However, for switches between equity schemes, load will be charged by the AMC. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee/ AMC reserves the right to change/ modify the Load structure from a prospective date. KEY INFORMATION MEMORANDUM 5

6 (ii) Recurring expenses Transaction charges Waiver of load for direct applications Tax treatment for unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Unit holder s information Name of scheme Investment objective Asset allocation pattern of the scheme Differentiation with existing open ended equity schemes of Axis Mutual Fund (as on October 31, 2014) Investment strategy Risk profile of the scheme The recurring expenses as a % of daily net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores %; On the next ` 300 crores %; On the next ` 300 crores %; On the balance of assets %. On the first ` 100 crores %; On the next ` 300 crores %; On the next ` 300 crores %; On the balance of assets %. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC'); Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expense for the financial year ended March 31, % (audited) Please refer to point no. 2 on page no. 21 Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Please refer to point no. 6 on page no.21 AXIS MIDCAP FUND (An open-ended equity scheme) To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category. Under normal circumstances, the asset allocation pattern will be: Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments of 75% - 100% Mid - Cap companies Equity and Equity Related Instruments of 0% - 25% Non Mid - Cap Companies Debt and Money Market Instruments * 0% - 25% Including derivatives instruments to the extent of 100% of the net assets. *Investment in securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 20% of the net assets of the Scheme. Investment in foreign securities to the extent of 40% of the net assets of the scheme. Axis Midcap Fund, an open ended equity scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. Actual expense for the financial year ended March 31, % (audited) AXIS FOCUSED 25 FUND (An open-ended equity scheme) To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments (of not exceeding 25 companies) 65% - 100% Of which: Companies among the top 200 in terms of market capitalization - 90% - 100% Other equities % Debt and Money Market Instruments* 0-35% *Investment in Securitized debt (excluding foreign securitized debt) - Up to 20% of the net assets of the Scheme Including derivatives instruments to the extent of 50% of the net assets of the Scheme. Investment in foreign securities - Up to 10% of the net assets of the Scheme. Axis Focused 25 Fund; an open ended equity scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 22 to 23. The scheme seeks to generate capital appreciation through an actively managed diversified portfolio of primarily larger Midcap companies. Larger Midcap companies combine the flexible, innovative, high-growth features of mid and small size companies with the proven management and liquidity of larger companies. The Fund intends to benefit from this best of both worlds characteristic of larger Midcap companies. The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. Mutual Fund units involve investment risks including the possible loss of principal. Please read the Scheme Information Document (SID) carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: The scheme carries risks associated with investing in equity and equity related securities, derivatives, foreign securities, debt securities, securitized debt, money market instruments, short selling and securities lending. Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity The scheme aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. In order to have a concentrated portfolio, the scheme will follow a bottom up stock selection approach. The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. The AMC employs a "Fair value" based research process to analyse the appreciation potential of each stock in its universe (Fair value is a measure of the intrinsic worth of a company). The universe of stocks is carefully selected to include companies having a robust business models and enjoying sustainable competitive advantages as compared to their competitors. While % of the corpus will be invested in equities (no less than 20 companies and up to 25 companies), it is expected that under normal market conditions at least 80% of the corpus will be invested in equities (no less than 20 companies and up to 25 companies). The Scheme will primarily invest in companies among the top 200 in terms of market cap. Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific risk factors are summarized below: The scheme carries risks associated with investing in equities, fixed income instruments, derivatives, foreign securities, securitized debt, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. 6 KEY INFORMATION MEMORANDUM

7 Risk profile of the scheme (contd.) Risk management strategies Plans and options Following are certain risks of investing in equities identified and risk management strategies designed by Axis Mutual Fund Risk & description specific to equities Quality risk- Risk of investing in unsustainable/weak companies Price risk- Risk of overpaying for a company Liquidity risk- High impact costs Risk mitigants/ Management strategy Investment universe carefully selected to only include high quality businesses Fair value based investment approach supported by comprehensive research Control portfolio liquidity at portfolio construction stage Volatility- Price volatility due to company or Control risk class/sector/stock exposures portfolio specific factors to control overall portfolio volatility Event risk- Price risk due to company or sector specific event Understand businesses to respond effectively and speedily to events Usage of derivatives: Hedge portfolios, if required, in case of predictable events with uncertain outcomes Mid & small size companies may be more volatile & less liquid than larger companies. The scheme will try to lower the risk by primarily investing in larger Midcap companies which combine the high growth features of mid and small size companies with the proven management and liquidity of larger companies. Plans: Axis Midcap Fund (existing plan) & Axis Midcap Fund - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout and Reinvestment) Default Plan: Axis Midcap Fund - Direct Plan Default Option: Growth; Default Sub-Option: Reinvestment Risk control would include managing risk in order to keep it in line with the investment objective of the Scheme. The AMC has incorporated adequate safeguards to manage risk in the portfolio construction process. The risk control process involves identifying & measuring the risk through various Risk Measurement Tools. Further, the AMC has implemented the Bloomberg Portfolio Management System as Front Office System (FOS) for managing risk. The system has inbuilt features which enables the Fund Manager calculate various risk ratios and analyze the same. The AMC has experienced investment professionals to help limit investment universe to carefully selected high quality businesses. The fund manager would also consider hedging the portfolios in case of predictable events with uncertain outcomes. Plans: Axis Focused 25 Fund (existing plan) & Axis Focused 25 Fund - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout and Reinvestment) Default Plan: Axis Focused 25 Fund - Direct Plan Default Option: Growth; Default Sub-Option: Reinvestment Note: Direct Plan is for investors who purchase /subscribe units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under the Direct Plan. Applicable NAV Please refer to point no. 1 on Page 21 Minimum application and redemption amount/ number of units Despatch of repurchase (redemption) request Benchmark index Dividend policy and debt investments. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Mid & small size companies may be more volatile & less liquid than larger companies. Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. to the extent of the Scheme s investments in such securities. Please refer to the SID for further details. Fresh Purchase Additional Purchase Redemption ` 5,000 and in multiples of ` 1 thereafter ` 100 and in multiples of ` 1 thereafter ` 1,000 or 100 units or account balance whichever is lower For details on investments/ withdrawals through Systematic Investment Plan (SIP), Systematic Withdrawal Plan(SWP) and Systematic Transfer Plan (STP) facilities, please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. S&P BSE Midcap Index Primary benchmark: CNX Nifty Additional benchmark : S&P BSE 200 The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the unit holders as to the rate of dividend nor is there an assurance that dividend will be paid regularly. Name of fund manager Mr. Pankaj Murarka Mr. Sudhanshu Asthana Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. As the scheme will invest in limited number of companies it will have a less diversified portfolio. This relatively higher concentration may lead to a higher level of volatility as compared to a diversified equity fund. Name of the trustee company Performance of the scheme (as on October 31, 2014) Axis Mutual Fund Trustee Limited 1 year returns 3 years returns Returns Since Inception 24.85% 11.10% Absolute returns for the past 4 financial years. 3.18% 2.40% * 1.15% % % -3.22% Date of Allotment - February 18, 2011 Axis Midcap Fund S&P BSE Midcap 79.06% 61.03% 31.42% 16.00% Axis Midcap Fund - Direct Plan *Inception to March 31, 2011 S&P BSE Midcap 1 year returns 82.00% 61.03% Absolute returns for the past 2 financial years % % 26.08% 15.32% 24.98% Axis Midcap Fund - Direct Plan S&P BSE Midcap (Benchmark) Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was introduced on January 1, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. 8.15% Axis Midcap Fund - Growth S&P BSE Midcap (Benchmark) 1 year returns Absolute returns for the past 2 financial years % 7.65% 7.01% Date of Allotment - June 29, 2012 Axis Focused 25 Fund CNX Nifty S&P BSE % 32.12% 36.21% Returns Since Inception 22.18% 21.48% 21.81% 12.06% 17.98% 17.19% Axis Focused 25 Fund - Direct Plan Axis Focused 25 Fund - Growth CNX Nifty (Benchmark) S&P BSE 200 (Additional Benchmark) CNX Nifty 1 year returns 32.74% 32.12% Absolute returns for the past 2 financial years % 17.19% -3.17% -4.51% *Inception to March 31, 2013 S&P BSE 200 Returns Since Inception 33.59% 18.60% Returns Since Inception 20.09% 20.11% 19.56% 13.29% 36.21% Axis Focused 25 Fund - Direct Plan CNX Nifty (Benchmark) S&P BSE 200 (Additional Benchmark) Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and -6.47% Direct plan was introduced on January 1, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. KEY INFORMATION MEMORANDUM 7

8 Expenses of the scheme (i) Load structure (also applicable to SIP/ STP/SWP and switches) (ii) Recurring expenses Transaction charges Waiver of load for direct applications Tax treatment for unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Unit holder s information Name of scheme Investment objective Asset allocation pattern Entry load : Not Applicable Exit load : 1% if redeemed / switched out within 12 months from the date of allotment. No exit load will be charged for switches between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. However, for switches between equity schemes, load will be charged by the AMC. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee/ AMC reserves the right to change/ modify the Load structure from a prospective date. The recurring expenses as a % of daily net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores %; On the next ` 300 crores %; On the next ` 300 crores %; On the balance of assets %. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC'); Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expense for the financial year ended March 31, % (audited) Please refer to point no. 2 on page no. 21 Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Please refer to point no. 6 on page no. 21 Entry load : Not Applicable Exit load : 2% if redeemed / switched - out within 2 years from the date of allotment. Actual expense for the financial year ended March 31, % (audited) AXIS ENHANCED ARBITRAGE FUND (An open-ended arbitrage fund) 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. Under normal circumstances, the asset allocation pattern will be: Instruments Indicative Allocation (% of net assets) Risk Profile Minimum Maximum Low/Medium/High Equities, equity related instruments (unhedged)* 0 10 High Equities, equity related instruments and derivatives including index futures, stock futures, Medium to High index options, & stock options, etc. as part of hedged / arbitrage exposure* Debt and Money market instruments** (including investments in securitized debt) Low to medium ** including securitized debt up to 35%. The Scheme will not invest in foreign securitized debt. *Equity allocation is measured as the Gross exposure to equities, equity related instruments and derivatives. The scheme will enter into derivatives transactions for hedging. The derivative positions will be hedged against corresponding positions in either equity or derivative markets depending on the strategies involved and execution costs. On the total portfolio level the scheme does not intend to take a net short exposure to equity markets. Unhedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 10% of the net assets. The margin money deployed on derivative positions would be included in the debt and money market instruments category. In accordance with SEBI Circular No. CIR/IMD/DF/21/2012 dated 13th September, 2012, the total exposure in a particular sector (excluding investments in Bank CDs, CBLO, Government Securities, T-Bills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the Scheme. Provided that an additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only. Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NBH) and the total Investment/exposure in HFCs shall not exceed 30% of the net assets of the scheme The option premium shall be for the purpose of exposure to derivative instruments which shall be restricted to long call options. In such cases, the total exposure related to option premium paid shall not exceed 20% of the net assets of the scheme. Moreover, this upper limit of 20%, for investments in options premium, if any, shall be applicable only at the time of investment. If due to market actions the value of options appreciates/ depreciates resulting in breach of the limit of 20%, the fund manager may or may not rebalance the portfolio and may run with the ongoing exposure. However, if the fund manager sells the option before expiry of the contract, the reinvestment, if any, would be subject to the maximum 20% limit on options premium. The Scheme may also use fixed income derivative instruments subject to the guidelines as maybe issued by SEBI and RBI and for such purposes as maybe permitted from time to time. The Scheme shall not carry out Short Selling and securities lending and borrowing. The Scheme retains the flexibility to invest across all the securities in the equity, debt and Money Markets Instruments and mutual fund units. The portfolio may hold cash depending on the market condition. Subject to the Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute. These proportions can vary substantially depending upon the perception of the fund manager; the intention being at all times to seek to protect the interests of the Unit holders. Such changes in the investment pattern will be for short term and for defensive considerations only. In the event of deviations, the fund manager will carry out rebalancing within 30 Days. Where the portfolio is not rebalanced within 30 Days, justification for the same shall be placed before the Investment Review Committee and reasons for the same shall be recorded in writing. The Investment Review committee shall then decide on the course of action. However, at all times the portfolio will adhere to the overall investment objectives of the Scheme. 8 KEY INFORMATION MEMORANDUM

9 Differentiation with existing For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 22 to 23. open ended equity schemes of Axis Mutual Fund (as on October 31, 2014) Investment Strategies The scheme will seek to achieve its investment objective primarily by employing various strategies which seek to exploit absolute returns opportunities in equity and derivative markets. In case such opportunities are not available, the scheme will invest the corpus in debt and money market instruments. The equity and derivative markets have experienced enormous growth in India in the last few years. The market provides the investor the ability to derive returns from the various strategies enumerated below. The market is not always efficient to the extent of mispricing in the derivative market and the underlying cash market. These techniques differ in that each method attempts to exploit a different form of imperfection in the underlying equity, debt and derivatives market and thus expose the investor to different forms of risk. Risk Profile of the Scheme Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in equity and equity related securities, derivatives, debt and money market securities, securitized debt, short selling and securities lending. No assurance can be given that the Fund Manager will be able to locate investment opportunities or to correctly exploit price discrepancies in the capital markets. Reduction in mis-pricing opportunities between the cash market and Future and Options market may lead to lower level of activity affecting the returns. In case of a large redemption, the scheme may need to reverse the spot-futures transaction before the date of futures' settlement. This eventuality may lead to basis risk. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Please refer to the SID for further details. Key Risk Mitigants In comparison to an equity fund, there are certain additional risks which are associated with an arbitrage fund and the mitigants to such risks are as follows: Lack of arbitrage opportunities: The Fund will enter into arbitrage trades when such opportunities are available. If the yields on arbitrage are low, the fund would invest in debt securities and money market instruments. Price Risk: While arbitrage is a low risk strategy, there would be periods when the equity and derivatives market may not move perfectly in sync. However, these movements are temporary and at the time of expiry of derivatives the prices converge. Un-hedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 10%. Also, the AMC has a team of experienced investment professionals and uses systems so that risks are managed effectively. Plans and Options The Scheme offers the following Plans: 1. Regular Plan 2. Direct Plan Direct Plan : Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. Each plan offers the following options: a) Growth Option b) Dividend Option 1. Dividend Payout Facility 2. Dividend Reinvestment Facility Default Plan : Axis Enhanced Arbitrage Fund Direct Plan Default Option: Growth (between Growth and Dividend) Default Facility: Dividend Reinvestment facility (between Dividend Reinvestment and Dividend Payout facility) Applicable NAV Please refer to point no. 1 on Page 21 Minimum Application Purchase Additional Purchase Repurchase Amount/ Number of ` 5,000 in multiples of ` 100 and in multiples of Minimum Redemption - ` 1000 or 100 Units or account Units ` 1/- thereafter ` 1/- thereafter balance whichever is lower in respect of each option Despatch of Repurchase Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. (Redemption) Request Benchmark Index Crisil Liquid Fund Index Dividend Policy Under the dividend option, the Trustee will endeavour to declare the Dividend subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that will the Dividend be paid regularly. Name of the Fund Manager Mr. Pankaj Murarka and Mr. Devang Shah Name of the Trustee Company Axis Mutual Fund Trustee Limited Performance of the scheme This Scheme does not have any performance track record. Expenses of the Scheme (I) Load Structure For the New Fund Offer Period and Continuous Offer Entry load : NA Exit load : an Exit Load of 0.50% will be charged if units are redeemed/switched out within 90 days from the date of investment/allotment. Units issued on reinvestment of Dividends shall not be subject to Load. The above mentioned load structure shall be equally applicable to the special products such as switches, etc. offered by the AMC. Further, for switches between the Growth and Dividend Option, no load will be charged by the scheme. No exit will load will be charged for switch between Regular Plan and Direct Plan where transaction is not routed through Distributor in Regular Plan. If the transaction in Regular Plan is routed through Distributor, then applicable exit load will be charged for switch from Regular Plan to Direct Plan. Further, no exit load will be charged for switch from Direct Plan to Regular Plan. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry Load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee/AMC reserves the right to change / modify the Load structure from a prospective date. (ii) Recurring expenses The recurring expenses as a % of daily net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores %; On the next ` 300 crores %; On the next ` 300 crores %; On the balance of assets %. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. KEY INFORMATION MEMORANDUM 9

10 (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC'); Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Fungibility of expenses: The expenses towards Investment Management and Advisory Fees under Regulation 52 (2) and the various sub-heads of recurring expenses mentioned under Regulation 52 (4) of SEBI (MF) Regulations are fungible in nature. Thus, there shall be no internal sub-limits within the expense ratio for expense heads mentioned under Regulation 52 (2) and (4) respectively. Further, the additional expenses under Regulation 52(6A)(c) may be incurred either towards investment & advisory fees and/or towards other expense heads as stated above. Transaction charges Please refer to point no. 2 on page no. 21 Waiver of load for Not applicable direct applications Tax treatment for unit holders Please refer to point no. 3 on page no. 21 Daily Net Asset Value Please refer to point no. 4 on page no. 21 (NAV) publication For investor grievances Please refer to point no. 5 on page no. 21 please contact Unit holder s information Please refer to point no. 6 on page no. 21 Name of scheme AXIS BANKING DEBT FUND (An open-ended debt scheme) AXIS DYNAMIC BOND FUND (An open-ended debt fund) Investment objective Asset allocation pattern of the scheme Differentiation with existing open ended debt schemes of Axis Mutual Fund (as on October 31, 2014) Investment strategy of the scheme Risk profile of the scheme Risk management strategies Plans and options To generate stable returns by investing predominantly in debt & money market instruments issued by banks. Type of Instrument Normal Allocation (% of net assets) Debt & Money Market Instruments issued by banks % CBLO, G- Secs, T-Bills and Repo* 0-20% *Includes Financial Institutions and units of debt and liquid mutual fund schemes. Investment in mutual fund units will be restricted to 10% of the net assets of the scheme. No investment will be made in instruments issued by NBFCs. The scheme will not undertake repo transactions in corporate debt securities. The scheme will not invest in derivatives and securitized debt. The exposure to any sector shall not exceed 30% of the assets of the Scheme. However the said sector exposure limit shall not apply for investments in T Bills, G Sec, Bank CD and CBLO. For the purposes of sector exposure limits, AMFI sector classification of issuers would be considered. Further, debt instruments of PSU Banks (AAA rating only) and PFI (AAA only) shall be exempt from the sector exposure limit provided if the exposure to instruments of NBFCs (issuer level) are of only AAA (long term) / A1+ (short term) rated. Financial institutions shall mean the list of public financial institutions as defined by RBI vide its master circular no. DBOD.FID.FIC.No.4 / / dated July 01, 2011 (as maybe amended from time to time). Axis Banking Debt Fund, an open ended debt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. The scheme aims to generate stable returns by investing predominantly in debt & money market instruments. The scheme endeavors to generate optimum returns with low credit risk. Investment in debt & money market instruments issued by banks, treasury bills & government securities is primarily with the intention of maintaining high credit quality & liquidity. Atleast 70% of the net assets of the scheme shall be invested in securities rated AAA/A1+ and equivalent. The scheme shall not invest in securities rated below AA- or equivalent. The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market & debt instruments proposed to be invested in. To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. Type of Instrument Normal Allocation (% of net assets) Debt instruments* including GSecs and corporate debt 0% - 100% Money market instruments 0% - 100% *includes securitized debt up to 30% of the net assets of the Scheme. Investments in derivatives shall be up to 75% of the net assets of the scheme. The Scheme can invest up to 50% of net assets in Foreign Securities. The cumulative gross exposure through debt and derivative positions shall not exceed 100% of the net assets of the scheme. Cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure. Axis Dynamic Bond Fund, an open ended debt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 23 to 25. Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in debt and money market securities, short selling and securities lending. Investment in mutual fund units/debt and money market instruments involves investment risks such as interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, default risk, etc. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. The investment objective of this scheme is to maximize returns to the investor through an active management of the portfolio, by elongating the duration of the portfolio in a falling interest rate scenario and reducing the duration at a time when interest rates are moving up. With the discretion to take aggressive interest rate/duration risk calls, this could mean investing the entire net assets in long dated Government securities and debt instruments (carrying relatively higher interest rate risk/duration risk), or on defensive considerations, entirely in money market instruments. Accordingly, the interest rate risk/duration risk of the scheme may change substantially depending upon the Fund s call. Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in debt and money market securities, derivatives, Foreign Securities, securitized debt, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, reinvestment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Please refer to the SID for further details. Interest rate risk is managed by a meticulous determination of the average maturity of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Plans: Axis Banking Debt Fund (existing plan) & Axis Banking Debt Fund - Direct Plan Options: Growth, Dividend and Bonus Option Default Plan: Axis Banking Debt Fund - Direct Plan Sub Options: Daily (Re-investment), Weekly (Payout and Reinvestment), Monthly (Payout and reinvestment) Plans: Axis Dynamic Bond Fund (existing plan) & Axis Dynamic Bond Fund - Direct Plan Options: Growth, Dividend and Bonus Option Default Plan: Axis Dynamic Bond Fund - Direct Plan Sub Options: Quarterly (Payout and Reinvestment); Half Yearly (Payout and reinvestment) If Dividend payable under Dividend Payout option is equal to or less than ` 500/- then the Dividend would be compulsorily reinvested in the option of the Scheme. 10 KEY INFORMATION MEMORANDUM

11 Applicable NAV Minimum application and redemption amount/ number of units Despatch of repurchase (redemption) request Benchmark index Dividend policy Name of fund manager Name of the trustee company Performance of the scheme (as on October 31, 2014) Please refer to point no. 1 on page no.21 Fresh Purchase Additional Purchase Repurchase ` 5,000 and in multiples of ` 1000 and in multiples of ` 1 `1000 or 1 Unit in respect ` 1 thereafter thereafter of each option whichever is lower. Fresh Purchase Additional Purchase Repurchase ` 5,000 and in multiples of ` 100 and in multiples of ` 1 ` 1,000 or 100 units or ` 1 thereafter thereafter account balance whichever is lower For details on investments through Sleep in Peace (SIP) and Systematic Transfer Plan (STP) facilities, please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the authorized centre of Axis Mutual Fund. CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index The Trustee will endeavour to declare the dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regards. There is no assurance or guarantee to the unit holders as to the rate of Dividend nor that will the Dividend be paid regularly. Mr. Kedar Karnik Axis Mutual Fund Trustee Limited As on October 31, year returns Axis Banking Debt Fund Crisil Short Term Bond Fund Index 9.39% 10.01% Returns Since Inception 9.10% 9.23% Mr. R. Sivakumar and Mr. Devang Shah As on October 31, 2014 Axis Dynamic Bond Fund Crisil Composite Bond Fund Index 1 year returns 10.51% 11.71% 3 years returns 9.18% 8.73% Returns Since Inception 8.74% 8.38% Absolute returns for the past 2 financial years. 7.04% 7.15% 9.37% 8.78% * Date of Allotment - 7th June 2012 Axis Banking Debt Fund - Growth Crisil Short Term Bond Fund Index (Benchmark) *Inception to March 31, 2013 Absolute returns for the past 3 financial years. 8.08% 7.33% 10.43% 9.24% 4.57% 4.32% Axis Dynamic Bond Fund - Growth Crisil Composite Bond Fund Index (Benchmark) * Date of Allotment - 27th April 2011 *Inception to March 30, 2012 As on October 31, year returns Axis Banking Debt Fund - Direct Plan Crisil Short Term Bond Fund Index 9.61% 10.01% Returns Since Inception 9.18% 9.23% As on October 31, 2014 Axis Dynamic Bond Fund - Direct Plan Crisil Composite Bond Fund Index 1 year returns 12.16% 11.71% Returns Since Inception 9.48% 8.04% Expenses of the scheme (i) Load structure (also applicable to SIP, STP and switches) (ii) Recurring expenses Absolute returns for the past 2 financial years. 1.92% 9.57% 8.78% 1.71% Entry load : NA Exit load: NIL Axis Banking Debt Fund - Direct Plan Crisil Short Term Bond Fund Index (Benchmark) Inception to March 31, 2013 Absolute returns for the past 2 financial years. 2.64% 5.88% 4.32% Axis Dynamic Bond Fund - Direct Plan 1.80% Crisil Composite Bond Fund Index (Benchmark) Inception to March 31, 2013 Past performance may or may not be sustained in future. Since inception returns are Past performance may or may not be sustained in future. Returns are absolute for period calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Since less than 1 year. Since inception returns are calculated on ` 10 invested at inception. inception returns for Axis Banking Debt Fund & Axis Banking Debt Fund Direct Plan are Calculations are based on Growth Option NAVs. Since inception returns for Axis Dynamic Bond calculated from 7th June 2012 and 1st January, 2013 respectively. Direct Plan is introduced on Fund & Axis Dynamic Bond Fund - Direct Plan are calculated from 27th April, 2011 and 1st 1st January, January, 2013 respectively. Direct Plan is introduced on 1st January, Entry load : NA; Exit load : 1% if redeemed / switched - out within 3 years from the date of allotment. No load shall be levied on switches between options and sub-options of the Scheme. Also, units allotted on reinvestment of dividends shall not be subject to load. The above mentioned load structure shall be equally applicable to the special products such as SIP, switches and SWP etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee / AMC reserve the right to change/ modify the Load Structure from a prospective date. The recurring expenses as a % of daily net assets of the scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores %; On the next ` 300 crores %; On the next ` 300 crores % On the balance of assets % Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC) ; Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expenses for the previous financial year ended March 31, % (audited) Actual expenses for the previous financial year ended March 31, % (audited) KEY INFORMATION MEMORANDUM 11

12 Transaction charges Please refer to point no. 2 on page no. 21 Waiver of load for direct applications Tax treatment for investors unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Unit holder s information Name of scheme Investment objective Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Please refer to point no. 6 on page no. 21 AXIS CONSTANT MATURITY 10 YEAR FUND (An open ended Gilt scheme) To generate returns similar to that of 10 year government bonds. AXIS INCOME FUND (An open-ended debt scheme) To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. Asset allocation pattern of the scheme Differentiation with existing open ended debt schemes of Axis Mutual Fund (as on October 31, 2014) Investment strategy of the scheme Risk profile of the scheme Type of Instrument Normal Allocation (% of net assets) Government Securities, Treasury Bills, Repo & CBLO 100% Axis Constant Maturity 10 Year Fund, an open ended gilt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. This is the first gilt fund being launched by Axis Mutual Fund. Type of Instrument Normal Allocation (% of net assets) Debt* and money market instruments 100% *Includes securitized debt up to 30% of the net assets. Investments in derivatives shall be up to 75% of the net assets of the scheme. The Scheme can invest up to 50% of net assets in Foreign Securities. The Scheme will endevour to maintain the modified duration of the portfolio in a range of 2-7 years depending on the interest rate view. Axis Income Fund, an open ended debt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/ product of Axis Mutual Fund. For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 23 to 25. To generate returns similar to the 10 year government bond through investments predominantly in government securities. The scheme will endeavor to maintain an average maturity of close to 10 years. The normal range of average maturity for the scheme would be between 9 and 11 years. The scheme does not intend to actively manage the duration. By investing predominantly in government securities, the scheme aims to maintain a high degree of credit quality and liquidity. Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in Government Securities, Treasury Bills, Repo & CBLO, short selling and securities lending. Investment in mutual fund units involves investment risks such as interest rate risk, reinvestment risk, liquidity risk, etc. Also, the value of the Scheme investments may be affected by changes in law/policies of the government, taxation laws and political, economic or other developments. To invest in a diversified portfolio of high quality debt and money market securities to generate optimal returns in the medium term. The fund manager will seek to look for investment opportunities within the same class of fixed income securities (e.g. government securities) having different maturities (e.g. government securities having a residual maturity of 5 year and 7 years) or different classes of Fixed Income Securities with the same maturity profile/residual maturity. (e.g. a government security, an NBFC and a manufacturing corporate security having a residual maturity of 5 years). Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in debt and money market securities, derivatives, Foreign Securities, securitized debt, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Please refer to the SID for further details. Risk management strategies Plans and options Applicable NAV Minimum application and redemption amount/ number of units Despatch of repurchase (redemption) request Benchmark index Interest rate risk is managed by meticulous determination of average maturity (which is the expression for change in portfolio value for a basis point change in interest rate) of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Also, government securities are relatively liquid in nature compared to other fixed income instruments. Credit risk is mitigated as the Scheme would invest in Government securities which have sovereign rating. Plans: Axis Constant Maturity 10 Year Fund (existing plan) & Axis Constant Maturity 10 Year Fund - Direct Plan Default Plan: Axis Constant Maturity 10 Year Fund - Direct Plan Options: Growth, Dividend and Bonus Option Default Option: Growth Sub Options: Regular (payout and reinvestment); Half Yearly (payout and reinvestment) Please refer to point no. 1 on page no. 21 Purchase Additional Purchase Repurchase ` 5,000 and in multiples of ` 100 and in multiples of ` 1/- ` 1000 or 100 units in ` 1/- thereafter thereafter respect of each Option Interest rate risk is managed by a meticulous determination of the modified duration of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Plan: Axis Income Fund (existing plan) & Axis Income Fund - Direct Plan Default Plan: Axis Income Fund - Direct Plan Options: Growth, Dividend and Bonus Option Sub Options: Quarterly (payout and reinvestment), Half Yearly (payout and reinvestment) If dividend payable under Dividend Payout option is equal to or less than ` 500/- then the dividend would be compulsorily reinvested in the option of the Scheme. Purchase Additional Purchase Repurchase ` 5,000 and in multiples of ` 100 and in multiples of ` 1/- ` 1,000 or 100 units or ` 1/- thereafter thereafter account balance whichever is lower For details of investment through Systematic Investment Purchase (SIP) and Systematic Transfer Plan (STP) please refer to the relevant Scheme Information Document. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the authorized centre of Axis Mutual Fund. Crisil 10-year Gilt Index CRISIL Composite Bond Fund Index 12 KEY INFORMATION MEMORANDUM

13 Dividend policy Name of fund manager Name of the trustee company Performance of the scheme (as on October 31, 2014) Expenses of the scheme (i) Load structure (also applicable to SIP/STP/SWP and switches) (ii) Recurring expenses Transaction charges Waiver of load for direct applications Tax treatment for investors unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Unit holder s information The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regards. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that will the Dividend be paid regularly. Mr. Devang Shah Mr. Devang Shah Axis Mutual Fund Trustee Limited As on October 31, 2014 Axis Constant Maturity Crisil 10 year As on October 31, Year Fund Gilt Index 1 year returns 9.19% 7.46% Returns Since Inception 5.78% 5.79% Absolute returns for the past 3 financial years % Axis Constant Maturity 9.53% 10 Year Fund -1.04% -1.01% % -1.01% Crisil 10 year Gilt Index (Benchmark) Date of Allotment - 23rd January 2012 *Inception to March 31, 2012 Date of Allotment - 28th March 2012 *Inception to March 31, 2012 Axis Constant Maturity 10 Year Crisil 10 year Axis Income Fund - As on October 31, 2014 As on October 31, 2014 CRISIL Composite Fund - Direct Plan Gilt Index Direct Plan Bond Fund Index 1 year returns 9.69% 7.46% 1 year returns 13.03% 11.71% Returns Since Inception 5.57% 4.55% Returns Since Inception 9.15% 7.86% Absolute returns for the past 2 financial years. 0.22% 2.19% Axis Constant Maturity 10 Year Fund - Direct Plan 1.65% Crisil 10 year Gilt Index (Benchmark) Inception to March 31, % Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Axis Constant Maturity 10 Year Fund & Axis Constant Maturity 10 Year Fund Direct Plan are calculated from 23rd January, 2012 and 1st January, 2013 respectively. Direct Plan is introduced on 1st January, Entry load : NA Exit load : NIL No Load (if any) will be charged on the units allotted on reinvestment of Dividends. 1 year returns Returns Since Inception Axis Income Fund Absolute returns for the past 3 financial years. 1.06% 10.48% 0.92% 4.85% 9.24% 4.32% CRISIL Composite Bond Fund Index 11.84% 11.71% 9.07% 8.54% Axis Income Fund CRISIL Composite Bond Fund Index (Benchmark) Absolute returns for the past 2 financial years. 1.84% 5.66% Axis Income Fund - Direct Plan 1.37% 4.32% CRISIL Composite Bond Fund Index (Benchmark) Inception to March 31, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Axis Income Fund & Axis Income Fund - Direct Plan are calculated from 28th March, 2012 and 07th January, 2013 respectively. Direct Plan is introduced on 1st January, Entry load : NA Exit load : 0.5% if redeemed / switched - out within 3 months from the date of allotment. The above mentioned load structure shall be equally applicable to the special products such as SIP, STP, SWP and switches etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee / AMC reserve the right to change/ modify the Load Structure from a prospective date. The recurring expenses of the Scheme(including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores of the daily net assets %; On the next ` 300 crores of the daily net assets %; On the next ` 300 crores of the daily net assets %; On the balance of the assets % Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC) ; Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expenses for the previous financial year ended March 31, % (audited) Please refer to point no. 2 on page no. 21 Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Please refer to point no. 6 on page no. 21 Actual expenses for the previous financial year ended March 31, % (audited) KEY INFORMATION MEMORANDUM 13

14 Name of scheme Investment objective Asset allocation pattern of the scheme AXIS TREASURY ADVANTAGE FUND (An open-ended debt scheme) To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the scheme will be achieved. Type of Instrument Normal Allocation (% of net assets) Money Market & Debt instruments with maturity/ average Minimum 70%; maturity/ residual maturity/ interest rate resets less than or Maximum 100% equal to 1 year Debt instruments* with maturity/average Minimum 0%; maturity/ residual maturity/interest rate resets greater than Maximum 30% 1 year *Includes securitized debt (excluding foreign securitized debt) up to 30% of the net assets of the Scheme. The Scheme shall not invest in foreign securitized debt. Investment in Derivatives - up to 50% of the net assets of the Scheme. The Scheme can invest up to 50% of net assets in Foreign Securities. AXIS SHORT TERM FUND (An open-ended debt scheme) To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. Type of Instrument Normal Allocation (% of net assets) Money market instruments and debt Instruments including Minimum 30%; government securities, corporate debt, securitized debt* Maximum 100% and other debt instruments with maturity/ average maturity/ residual maturity/interest rate resets less than or equal to 375 days or have put options within a period not exceeding 375 days. Debt instruments including government securities, corporate Minimum 0%; debt, securitized debt* and other debt instruments with Maximum 70% maturity/ average maturity/residual maturity/interest rate resets greater than 375 days *Includes securitized debt (excluding foreign securitized debt) up to 30% of the net assets of the Scheme. The Scheme shall not invest in foreign securitized debt. Investment in Derivatives - up to 100% of the net assets of the Scheme. The Scheme can invest up to 50% of net assets in Foreign Securities. Differentiation with existing open ended debt schemes of Axis Mutual Fund (as on October 31, 2014) For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 23 to 25. Investment strategy The risk-return profile of this fund positions is in between a liquid fund and short duration income fund. The portfolio strategy seeks to increase yield by having a marginally higher maturity and moderately higher credit risk as compared to a liquid fund; whilst maintaining balance between safety and liquidity. The Fund Manager will try to allocate the assets of the scheme in a diversified portfolio of various high quality Fixed Income Securities to achieve stable returns while having a low risk strategy. The fund manager will seek to look for investment opportunities with the same class of fixed income securities (e.g. government securities) having different maturities (e.g. government securities having a residual maturity of 1 year and 2.5 years) or different classes of Fixed Income Securities with the same maturity profile/residual maturity. (e.g. a government security, an NBFC and a manufacturing corporate security having a residual maturity of 2 years). Risk profile of the scheme Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in debt and money market securities, derivatives, Foreign Securities, securitized debt, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Please refer to the SID for further details. Risk management strategies Interest rate risk is managed by meticulous determination of average maturity (which is the expression for change in portfolio value for a basis point change in interest rate) of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Risk Management is an integral part of the investment process and adequate safeguards for controlling risks would be incorporated by the Asset Management Company (AMC) in the portfolio construction process. The following are the key risks associated with investments in fixed income securities and the manner the AMC would endeavor to address them Risk Involved Interest Rate Risk: Risk that a rise in interest rates will cause price of bonds to fall. In general, there is an inverse relationship between interest rates and bond prices so that when interest rates rise, bond price fall and vice versa. Risk Mitigant: The average modified duration of a portfolio is one of the means of measuring the interest rate risk of the portfolio. Higher is the modified duration, the fund stands exposed to a higher degree of interest rate risk. The Investment Review Committee (IRC) of the Asset Management Company would decide on the modified duration to be maintained for the portfolio at a particular point of time after taking into account the current scenario and the investment objective of the scheme. The portfolio duration will be decided after doing a thorough research on the general macroeconomic condition, political environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations. Credit Risk: Risk of default on payments by the issuer of a security Risk Mitigant: The credit analyst will make a detailed study of each of the issuers whose security will be bought by the fund. His analysis will include a study of the operating environment, past track record and short term/long term financial health of the issuer. The credit analyst will also take the help of data from external credit rating agencies like ICRA, CRISIL and Fitch during his analysis. The Credit Analyst will recommend the name of the issuers to the IRC who will be the final approving authority for including any issuer in the target universe of issuers. Liquidity Risk Risk Mitigant: The Mutual Fund will maintain adequate cash/cash equivalent securities to manage the day to day redemptions of the fund. Attention would be given to the historic redemption trends while deciding on the cash equivalent component of the portfolio. Further, the scheme would also make investments only in high quality debt and money market instruments to mitigate the risk of illiquidity of the portfolio. The AMC would endeavor to identify & measure risks through various risk measurement tools like various risk ratios and analyze the same to be able to act in a preventive manner. 14 KEY INFORMATION MEMORANDUM

15 Plan and options Applicable NAV Minimum application and redemption amount/ number of units Despatch of repurchase (redemption) request Benchmark index Dividend policy Name of fund manager Name of the trustee company Performance of the scheme (as on October 31, 2014) Plan: Axis Treasury Advantage Fund (existing plan) & Axis Treasury Advantage Fund - Direct Plan Options: Growth, Dividend and Bonus Option Default Plan: Axis Treasury Advantage Fund - Direct Plan Dividend Frequency: Daily Dividend (Only Reinvestment facility); Weekly Dividend (Payout & Reinvestment); Monthly Dividend (Payout & Reinvestment) Default Option: Growth Default between Payout & Reinvestment Option : Reinvestment Default Dividend Frequency : Daily Please refer to point no. 1 on page no. 21 Purchase ` 5,000 and in multiples of ` 1 thereafter Additional Purchase ` 1,000 and in multiples of ` 1 thereafter Plan: Axis Short Term Fund (existing plan) & Axis Short Term Fund - Direct Plan Options: Growth, Dividend and Bonus Option Default Plan: Axis Short Term Fund - Direct Plan Dividend Frequency: Regular Dividend (Payout & Reinvestment); ; Monthly Dividend (Payout & Reinvestment) Default Option: Growth Default between Payout & Reinvestment Option : Reinvestment Default Dividend Frequency: Monthly Repurchase Minimum Redemption ` 1,000 or 1 Unit in respect of each Option For details of investment through Systematic Investment Purchase (SIP) and Systematic Transfer Plan (STP) please refer to the relevant Scheme Information Document. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regards. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that will the Dividend be paid regularly. Mr. Kedar Karnik Mr. Devang Shah Axis Mutual Fund Trustee Limited Axis Treasury Advantage Fund Period Fund Benchmark 1 year returns 8.88% 9.29% 3 years returns 9.34% 8.92% Returns Since Inception 8.33% 7.73% Absolute returns for the past 5 financial years 6.61% 6.21% 9.47% 8.44% 9.32% 7.93% 9.68% 9.46% Axis Short Term Fund Period Fund Benchmark 1 year returns 9.60% 10.01% 3 years returns 9.05% 9.18% Returns Since Inception 8.14% 7.98% Absolute returns for the past 5 financial years 8.99% 8.28% 5.48% 5.12% 10.10% 7.97% 8.78% 7.61% 2.12% 1.54% * *Inception to March 31, 2010 Axis Treasury Advantage Fund - Growth Crisil Liquid Fund Index (Benchmark) W.e.f January 1, 2013 Axis Treasury Advantage Fund - Institutional Plan has been renamed as Axis Treasury Advantage Fund Axis Treasury Advantage Fund - Retail Plan Period Fund Benchmark 1 year returns 8.10% 9.29% 3 years returns 8.47% 8.92% Returns Since Inception 7.99% 8.14% Absolute returns for the past 5 financial years 8.88% 8.44% 6.35% 6.21% 8.43% 7.80% 8.73% 9.46% 0.84% 0.82% * Axis Short Term Fund - Growth Absolute returns for the past 5 financial years 8.63% 8.28% 5.17% 5.12% *Inception to March 31, 2010 Crisil Short Term Bond Fund Index (Benchmark) W.e.f January 1, 2013 Axis Short Term Fund - Institutional Plan has been renamed as Axis Short Term Fund Axis Short Term Fund - Retail Plan Period Fund Benchmark 1 year returns 9.62% 10.01% 3 years returns 8.88% 9.18% Returns Since Inception 8.06% 8.13% 9.70% 7.85% 7.62% 8.78% 0.32% 0.34% * th Date of Allotment - 9 October, Axis Treasury Advantage Fund - Retail Plan *Inception to March 31, 2010 Crisil Liquid Fund Index (Benchmark) 0.65% 0.61% * Date of Allotment - 22nd January, 2010 *Inception to March 31, 2010 Axis Short Term Fund - Retail Plan Crisil Short Term Bond Fund Index (Benchmark) Axis Treasury Advantage Fund - Direct Plan Period Fund Benchmark 1 year returns 9.40% 9.29% Returns Since Inception 9.55% 9.17% Absolute returns for the past 2 financial years. 9.46% Axis Treasury Advantage Fund - Direct Plan Crisil Liquid Fund Index (Benchmark) 2.01% 1.88% * 10.04% *Inception to March 31, 2013 Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 1,000 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Institutional Plan, Retail Plan and Direct Plan are calculated from 9th October 2009, 3rd March 2010 & 1st January, 2013 respectively. Retail Plan introduced on 2nd March, 2010 and Direct Plan on January 1, Axis Short Term Fund - Direct Plan Period Fund Benchmark 1 year returns 10.59% 10.01% Returns Since Inception 9.39% 9.23% Absolute returns for the past 2 financial years. 2.10% 1.92% * 8.51% 8.78% Axis Short Term Fund - Direct Plan Crisil Short Term Bond Fund Index (Benchmark) *Inception to March 31, 2013 Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Institutional Plan, Retail Plan & Direct Plan are calculated from 22nd January 2010, 2nd March 2010 & 1st January, 2013 respectively. Retail Plan introduced on 2nd March, 2010 and Direct Plan on January 1, 2013 KEY INFORMATION MEMORANDUM 15

16 Expenses of the scheme (i) Load structure (also applicable to SIP/STP/SWP and switches) Entry load : NA; Exit load : Nil Entry load : NA; Exit load : 0.25% if units are redeemed/switched out within 1 month from the date of allotment. No load will be charged on the units allotted on reinvestment of dividends. The above mentioned load structure shall be equally applicable to the special products such as SIP, SWP, switches and SWP etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee / AMC reserve the right to change/ modify the Load Structure from a prospective date. (ii) Recurring expenses The recurring expenses of the scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores of the daily net assets %; On the next ` 300 crores of the daily net assets %; On the next ` 300 crores of the daily net assets %; On the balance of the assets % Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC) ; Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expenses for the financial year ended March 31, % (audited) Actual expenses for the financial year ended March 31, % (audited) Transaction charges Waiver of load for direct applications Tax treatment for investors unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Please refer to point no. 2 on page no. 21 Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Unit holder s information Please refer to point no. 6 on page no. 21 Name of scheme Investment objective Asset allocation pattern of the scheme AXIS LIQUID FUND (An open-ended liquid scheme) To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved. Type of Instrument Normal Allocation (% of net assets) Money market instruments (including cash, repo, CPs, CDs, Minimum 50%; Treasury Bills and Government securities) with maturity / Maximum 100% residual maturity up to 91 days Debt instruments (including floating rate debt instruments Minimum 0%; and securitized debt)* with maturity/residual maturity / Maximum 50% weighted average maturity up to 91 days *securitized debt cumulative allocation not to exceed 30% of the net assets of the Scheme (excluding foreign securitized debt). Investment in Derivatives - up to 50% of the net assets of the Scheme. The Scheme can invest up to 50% of net assets in Foreign Securities. Pursuant to SEBI circular No. SEBI/IMD/CIR No. 13/150975/09 dated January 19, 2009, the Scheme shall make investment in / purchase debt and money market securities with maturity of up to 91 days only. Explanation: a. In case of securities where the principal is to be repaid in a single payout, the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout then the maturity of the securities shall be calculated on the basis of weighted average maturity of the security. b. In case of securities with put and call options (daily or otherwise) the residual maturity of the securities shall not be greater than 91 days. c. In case the maturity of the security falls on a Non Business Day, then settlement of securities will take place on the next Business Day. AXIS FIXED INCOME OPPORTUNITIES FUND (an Open-ended Debt Scheme) To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 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. Type of Instrument Normal Allocation (% of net assets) Debt instruments & Money Market Instruments* 100% *includes securitized debt up to 50% of the net assets of the Scheme. Investments in derivatives shall be up to 50% of the net assets of the scheme. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time. In accordance with SEBI Circular No. CIR/IMD/DF/21/2012 dated 13th September, 2012, the total exposure in a particular sector (excluding investments in Bank CDs, CBLO, Government Securities, T-Bills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the Scheme. Provided that an additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only. Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NBH) and the total Investment/exposure in HFCs shall not exceed 30% of the net assets of the scheme. Pending deployment of the funds in securities in terms of investment objective of the Scheme, the AMC may park the funds of the Scheme in short term deposits of the Scheduled Commercial Banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, as may be amended from time to time. The fund will invest a minimum of 20% in below AAA & equivalent rated issuers. The scheme retains the flexibility to invest across all the securities in the debt and Money Markets Instruments. The scheme may invest in units of debt and liquid mutual fund schemes of Axis AMC or in the schemes of any other mutual funds in conformity with the investment objective of the Scheme and in terms of the prevailing SEBI (MF) Regulations. 16 KEY INFORMATION MEMORANDUM

17 Asset allocation pattern of the scheme (contd.) Differentiation with existing open ended debt schemes of Axis Mutual Fund (as on October 31, 2014) Investment strategy Risk profile of the scheme Risk management strategies Plan and options Provided that such inter-scheme investment will be within the limits specified under SEBI (MF) Regulations and will be done for cash management purposes. The portfolio may hold cash depending on the market condition. The fund manager can use Derivative instruments to protect the downside risk. Subject to the SEBI Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute. These proportions can vary substantially depending upon the perception of the fund manager; the intention being at all times to seek to protect the interests of the Unit holders. Changes in the investment pattern will be for short term and for defensive considerations. In case of deviation, the portfolio would be rebalanced within 30 days from the date of deviation. In case the same is not aligned to the above asset allocation pattern within 1 month, justification shall be provided to the Investment Review Committee and reasons for the same shall be recorded in writing. The Investment Review committee shall then decide on the course of action. For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 23 to 25. Under normal circumstances, the fund shall seek to generate reasonable returns commensurate with low risk by positioning itself at the lowest level of the risk-return matrix. The Scheme will invest predominantly in money market securities with some tactical allocation towards other debt securities to enhance returns from the portfolio. The scheme to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. The fund manager will endeavour, through a process of robust credit risk assessment & research, to identify optimum credit opportunities in the market and invest in such instruments offering higher yields at acceptable levels of risk. Axis Fixed Income Opportunities Fund is a fixed income fund which will endeavor to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. This fund will have the ability to maintain a relatively higher exposure to fixed income instruments which are not AAA & equivalent. The fund endeavors to take advantage of opportunities arising from the credit spectrum. Historically, the spread between AAA and AA is dynamic and changes over time. The fund manager can dynamically change the portfolio credit composition to take advantage of these opportunities. The fund proposes to take advantage of opportunities arising from the credit spectrum. Some of the strategies that we may follow are as follows: 1) Opportunity from credit spreads between AAA and AA rated fixed income instruments 2) Opportunity from migration of ratings The above are some examples of credit strategies currently available in the Indian fixed income markets. The fund will endeavor to use other credit strategies across the spectrum as & when they are available in the Indian markets. Assuming there is an opportunity from the migration of ratings. Through the Axis credit process, we endeavor to avoid taking exposures where there is a risk of downgrade and take exposure in cases where we think there is a potential for an upgrade. The fund will aim to take advantage of these opportunities from credit spreads as well as potential from rating migrations. The fund manager will try to allocate assets of the scheme between various fixed income instruments taking into consideration the prevailing interest rate scenario, the liquidity of the different instruments and maintain a diversified portfolio with the objective of achieving stable risk adjusted returns. While investing the fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate bond yield curve) as well as kinks within a particular yield curve (e.g. the different points of the sovereign yield curve). After doing a thorough research on the general macroeconomic condition, political environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations the portfolio duration and credit exposures will be decided. Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in debt and money market securities, derivatives, Foreign Securities, securitized debt, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Please refer to the SID for further details. Interest rate risk is managed by meticulous determination of average maturity (which is the expression for change in portfolio value for a basis point change in interest rate) of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Plan: Axis Liquid Fund (existing plan) & Axis Liquid Fund - Direct Plan Options: Growth, Dividend and Bonus Option Default Plan: Axis Liquid Fund - Direct Plan Dividend Frequency: Daily Dividend (Only Reinvestment facility); Weekly Dividend (Payout & Reinvestment); Monthly Dividend (Payout & Reinvestment) Default Option: Growth Default between Payout & Reinvestment Option : Reinvestment Default Dividend Frequency: Daily Interest rate risk is managed by a meticulous determination of the average maturity of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Plans: Regular Plan and Direct Plan Options: Each Plan would offer Growth and Dividend Option. Sub Options: The Dividend Option would provide the following sub options: Weekly (Payout and Reinvestment) Monthly (Payout and reinvestment) If dividend payable under Dividend Payout option is equal to or less than ` 500/- then the dividend would be compulsorily reinvested in the option of the Scheme. All the plans will have common portfolio. KEY INFORMATION MEMORANDUM 17

18 Applicable NAV i) Subscriptions/Purchases including Switch - ins: Please refer to point no. 1 on page no. 21 i. Where the application is received upto 2.00 p.m. on a day and funds are available for utilization before the cut-off time without availing any credit facility, whether, intraday or otherwise - the closing NAV of the day immediately preceding the day of receipt of application; ii. Where the application is received after 2.00 p.m. on a day and funds are available for utilization on the same day without availing any credit facility, whether, intra-day or otherwise - the closing NAV of the day immediately preceding the next business day ; and iii. Irrespective of the time of receipt of application, where the funds are not available for utilization before the cut-off time without availing any credit facility, whether, intraday or otherwise - the closing NAV of the day immediately preceding the day on which the funds are available for utilization. For allotment of units in respect of purchase in to the scheme, it shall be ensured that: i. Application is received before the applicable cut-off time. ii. Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the scheme before the cut-off time. iii. The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the scheme. For allotment of units in respect of switch-in to the scheme from other schemes, it shall be ensured that: i. Application for switch-in is received before the applicable cut-off time. ii. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the scheme before the cut-off time. iii. The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective switch-in schemes. Redemptions including Switch - outs: a. In respect of valid applications received upto 3.00 p.m. - the closing NAV of the day immediately preceding the next Business Day ; and b. In respect of valid applications received after 3.00 p.m. by the Mutual Fund, the closing NAV of the next Business Day shall be applicable. Minimum application and redemption amount/ number of units Despatch of repurchase (redemption) request Benchmark index Dividend policy Name of fund manager Name of the trustee company Performance of the scheme (as on October 31, 2014) Purchase ` 5,000 and in multiples of Additional Purchase ` 1,000 and in multiples of ` 1 thereafter Repurchase Minimum Redemption ` 1,000 or 1 Unit in respect of each Option For details on investments through STP facilities, please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode. Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. CRISIL Liquid Fund Index Crisil Short Term Bond Fund Index The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that the Dividend will be paid regularly. Mr Devang Shah Axis Mutual Fund Trustee Limited Axis Liquid Fund Period Fund Benchmark 1 year returns 9.21% 9.29% 3 years returns 9.35% 8.92% Returns Since Inception 8.27% 7.73% Absolute returns for the past 5 financial years. 6.60% 6.21% 9.39% 8.44% 9.36% 7.84% 9.32% 9.46% Mr. Devang Shah and Mr. Kedar Karnik Axis Fixed Income Opportunities Fund Period Fund Benchmark Returns Since Inception 3.71% 3.08% Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 1000 invested at inception. Calculations are based on Growth Option NAVs. th Date of Allotment - 15 July, % 1.54% * Axis Liquid Fund - Growth Crisil Liquid Fund Index (Benchmark) th Date of Allotment - 9 October, 2009 *Inception to March 31, 2010 W.e.f January 1, 2013 Axis Liquid Fund - Institutional Plan has been renamed as Axis Liquid Fund Axis Liquid Fund - Retail Plan Period Fund Benchmark 1 year returns 8.67% 9.29% 3 years returns 8.85% 8.92% Returns Since Inception 8.21% 8.14% Absolute returns for the past 5 financial years. 6.40% 6.21% 8.96% 8.44% 8.91% 7.97% 8.77% 9.46% 0.34% 0.40% * Axis Liquid Fund - Growth st Date of Allotment - 1 March, Crisil Liquid Fund Index (Benchmark) *Inception to March 31, KEY INFORMATION MEMORANDUM

19 Performance of the scheme (as on October 31, 2014) (contd.) Axis Liquid Fund - Direct Plan Period Fund Benchmark 1 year returns 9.28% 9.29% Returns Since Inception 9.25% 9.17% Absolute returns for the past 2 financial years. 9.39% 9.46% Axis Liquid Fund - Direct Plan Crisil Liquid Fund Index (Benchmark) 2.05% 1.89% Inception to March 31, 2013 Expenses of the scheme (i) Load structure (also applicable to SIP/STP/SWP and switches) (ii) Recurring expenses Transaction charges Waiver of load for direct applications Tax treatment for investors unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 1000 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Institutional Plan, Retail Plan & Direct Plan are calculated from October 9, 2009, March 1, 2010 & January 1, 2013 respectively. Retail Plan introduced on March 2, 2010 and Direct Plan on January 1, Entry load : NA; Exit load : Nil No load will be charged on the units allotted on reinvestment of dividends. The above mentioned load structure shall be equally applicable to the special products such as SIP, SWP, switches and SWP etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. Entry load : NA; Exit load : 1% if units are redeemed/switched out within 1 year from the date of allotment. 0.50% if units are redeemed/ switched out within 1-2 years from the date of allotment. (w.e.f. 17th September 2014) The above mentioned load structure shall be equally applicable to the special products such as SIP, STP, switches, etc. offered by the AMC. However, no load will be charged for switching between options and sub-options of the Scheme. No exit load will be charged for switch between Regular Plan and Direct Plan where transaction is not routed through Distributor in Regular Plan. If the transaction in Regular Plan is routed through Distributor, then applicable exit load will be charged for switch from Regular Plan to Direct Plan. Further, no exit load will be charged for switch from Direct Plan to Regular Plan. Exit load charged to the investors will be credited back to the scheme net of service tax. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee / AMC reserve the right to change/ modify the Load Structure from a prospective date. The recurring expenses of the scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores of the daily net assets %; On the next `300 crores of the daily net assets %; On the next ` 300 crores of the daily net assets %; On the balance of the assets % Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC) ; Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme. Actual expenses for the previous financial year ended March 31, % (audited) Please refer to point no. 2 on page no. 21 Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Unit holder s information Please refer to point no. 6 on page no. 21 NA Name of scheme Investment objective AXIS GOLD FUND (An open-ended fund of fund scheme) To generate returns that closely correspond to returns generated by Axis Gold ETF. Asset allocation pattern Type of Instrument Normal Allocation (% of net assets) Units of Axis Gold ETF Money Market Instruments 0-5 Axis Gold Fund, an open ended fund of fund scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. Further, the existing products of Axis Mutual Fund are either debt, liquid, hybrid, equity or exchange traded funds and hence the 'fund of fund scheme' under consideration cannot be compared with any other existing schemes' under the section 'Asset allocation'. Investment strategy The scheme follows a passive investment strategy and will invest in Axis Gold ETF. The AMC does not make any judgments about the investment merit of gold or particular security nor will it attempt to apply any economic, financial or market analysis. The scheme shall invest all of its funds in units of Axis Gold ETF, except to meet its liquidity requirements. KEY INFORMATION MEMORANDUM 19

20 Risk profile Risk management Plans and options Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investing. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in Axis Gold ETF and money market instruments. Investment in units of Gold ETFs involves investment risks such as market risks, listing related risks and risk related to redemption. Investments in money market instruments are subject to interest rate risk, re-investment risk, liquidity risk, credit risk, settlement risk, etc. Also, the value of the scheme s investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Risk management is going to be an integral part of the investment process. Effective risk management is critical to fund management for achieving financial soundness. Investments by the Scheme shall be made as per the investment objectives of the Scheme and provisions of the Regulations. Plans: Axis Gold Fund (existing plan) & Axis Gold Fund - Direct Plan (Portfolio will be common for the above Plans) Options: Growth and Dividend (Payout and Reinvestment) Default Plan: Axis Gold Fund - Direct Plan Default Option: Growth Applicable NAV Ref to Point No. 1 on page 21 Minimum application and redemption amount/ number of units Fresh Purchase ` 5,000 and in multiples of ` 1 thereafter Additional Purchase ` 100 and in multiples of `1 thereafter Redemption ` 1,000 or 100 units or account balance whichever is lower. For details on investments/withdrawals through Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) facilities, please refer to the SID. Despatch of redemption requests Benchmark index Dividend policy Name of the fund manager Name of the fund manager Within 10 working days from the receipt of the redemption request at the authorized centre of Axis Mutual Fund. Domestic price of Gold The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of dividend nor is there assurance that dividend will be paid regularly. Mr Kedar Karnik Axis Mutual Fund Trustee Limited Performance of Axis Gold Fund (As on October 31, 2014) As on October 31, 2014 Axis Gold Fund Domestic Price of Gold 1 year returns % % Returns Since Inception -2.54% -0.13% As on October 31, year returns Axis Gold Fund - Direct Plan Domestic Price of Gold % % 3 years returns -3.28% - Returns Since Inception -9.75% -8.62% Expenses of the scheme (i) Load structure (applicable to SIP/STP/SWP and switches) (ii) Recurring expenses Absolute returns for the past 3 financial years. *Inception to March 30, % 3.96% % 2.59% * Axis Gold Fund % Date of Allotment - October 20, 2011 Domestic Price of Gold (Benchmark) -5.19% Absolute returns for the past 2 financial years % -4.47% -3.97% % Axis Gold Fund - Direct Plan Domestic Price of Gold (Benchmark) Inception to March 31, 2013, Since inception returns are calculated form January 01, 2013 and Direct plan was introduced on January 1, Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Entry load : NA Exit load :1% if redeemed/switched out within 1 year from date of allotment. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan. Further for switches between the Growth and Dividend Option and on the Units allotted on reinvestment of dividends no load will be charged by the scheme. Entire exit load (net of service tax) charged, if any, shall be credited to the scheme. SEBI vide its circular no. SEBI/IMD/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. The Trustee/ AMC reserves the right to change/ modify the Load structure from a prospective date. The AMC has estimated that upto 1.50%* of the daily net assets of the Scheme will be charged to the Scheme as expenses. For the actual current expenses being charged, the Investor should refer to the website of the AMC. *No investment management & advisory fees will be charged to the scheme. The total recurring expenses of the scheme including weighted average of charges levied by the underlying schemes shall not exceed 2.50% of the daily net assets of the scheme. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan. In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [ SEBI Regulations ] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely; (a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. (b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme; (c) service tax payable on investment and advisory service fees ( AMC fees ) charged by Axis Asset Management Company Limited ( Axis AMC) ; Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions. Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme: (a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme (b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of the respective Scheme. Actual expense for the financial year ended March 31, %.(audited) 20 KEY INFORMATION MEMORANDUM

21 Transaction charges Please refer to point no. 2 on page no. 21 Waiver of load for direct applications Tax treatment for investors unit holders Daily Net Asset Value (NAV) publication For investor grievances please contact Not applicable Please refer to point no. 3 on page no. 21 Please refer to point no. 4 on page no. 21 Please refer to point no. 5 on page no. 21 Unit holder s information Please refer to point no. 6 on page no. 21 Information Common to Schemes 1. Application NAV 2. Transaction charges 3. Tax treatment for unit holders 4. Daily Net Asset Value (NAV) publication 5. For investor grievances please contact 6. Unit holder s information Subscriptions/ Purchases including Switch- ins: A) In respect of purchase of units with amount less than ` 2 lakhs the following cut-off timings and NAVs shall be applied 1. Where the application is received up to 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV of the day of receipt of application. 2. Where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV of the next Business Day. 3. Where the application is received with an outstation cheque or demand draft which is not payable at par at the place where it is received - closing NAV of day on which the cheque or demand draft is credited. B) In respect of purchase of units with amount equal to or more than ` 2 Lakhs, irrespective of the time of receipt of application, the closing NAV of the day on which the funds are available for utilization shall be applicable provided that: For allotment of units in respect of purchase/switch in Application is received before the applicable cut-off time. Funds for the entire amount of subscription/ purchase as per the application are credited to the bank account of the scheme before the cut-off time. The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the Scheme. Redemptions including Switch - outs: The following cut-off timings and NAVs are applicable 1. Where the application received upto 3.00 pm - closing NAV of the day of receipt of application. 2. An application received after 3.00 pm - closing NAV of the next Business Day. Transaction Charge per subscription of ` 10,000/- and above shall be charged from investors and paid to distributors (who have opted in for charging it) for applications routed through them relating to subscription / new inflows. For Existing / New investors: ` 100 / ` 150 as applicable per subscription of ` 10,000/- and above. In case of SIP, the amount shall be recovered in a maximum of 4 successful installments. Investors are advised to refer to the paragraph on Taxation in the Statement of Additional Information and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme. The NAV will be declared on all business days and will be published in 2 newspapers. NAV can also be viewed on and [You can also call us at ] Registrar - Karvy Computershare Private Limited, Unit - Axis Mutual Fund, Karvy Plaza, H No , Street 1, Banjara Hills, Hyderabad 34. TEL FAX Mutual Fund - Mr Milind Vengurlekar, Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai India. TEL / customerservice@axismf.com FAX TOLL FREE WEB On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of and/or SMS within 5 business days from the date of receipt of transaction request/ allotment will be sent to the unit Holders registered address and/or mobile number. Consolidated Account Statement : On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of and/or SMS within 5 business days from the date of receipt of transaction request will be sent to the unit Holders registered address and/or mobile number. Consolidated account statement for each calendar month shall be issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month. The AMC shall ensure that a consolidated account statement every half yearly (September/ March) is issued, on or before tenth day of succeeding month, detailing holding at the end of the six month, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken place during that period. The AMC shall identify common investors across fund houses by their permanent account number for the purposes of sending consolidated account statement. In case of specific request received from the unit Holders, the AMC/Fund will provide the Account Statement to the Investors within 5 business days from the receipt of such request. In the event the account has more than one registered holder, the first named unit Holder shall receive the Account Statement. The word transaction will include purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan and systematic transfer plan. The AMC will endeavor to send statement of accounts by where the Investor has provided the id. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective Depository Participants periodically. Additionally, the AMC may at its discretion send Account Statements individually to the investors. Annual Report: Scheme/Plan-wise Annual Report or an abridged summary thereof shall be mailed to all unit Holders within four months from the date of closure of the relevant accounting year i.e. 31st March each year. Half yearly disclosures: The Mutual Fund shall publish a complete statement of the Scheme portfolio within one month from the close of each half year (i.e. 31st March and 30th September), by way of an advertisement at least, in one National English daily and one regional newspaper in the language of the region where the head office of the Mutual Fund is located. The Mutual Fund may opt to send the portfolio to all unit holders in lieu of the advertisement (if applicable). The Portfolio Statement will also be displayed on the website of the AMC and AMFI. The Mutual Fund shall within one month from the close of each half year, that is on 31st March and on 30th September, host a soft copy of its unaudited financial results on their website. The Mutual Fund shall publish an advertisement disclosing the hosting of such financial results on their website, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the Mutual Fund is situated. The Annual Report, portfolio statement and the unaudited financial results will also be displayed on the website of the Mutual Fund ( and Association of Mutual Funds in India ( KEY INFORMATION MEMORANDUM 21

22 7. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014) Axis Long Term Equity Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Securities 80% - 100% Debt and Money Market Instruments 0% - 20% Primary Investment Objective - The investment objective of the Scheme is 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. Investment Strategy - The Fund will invest in a diversified portfolio of strong growth companies with sustainable business models. Though the benchmark is BSE-200, the investments will not be limited to the companies constituting the benchmark. The Fund will have the flexibility to invest across the market capitalization spectrum (i.e. Large, mid and small cap companies) and across industries / sectors. The companies would be individually researched and selected only when the fund management team has satisfied itself on robustness of the company s business model, sustainability of its competitive advantage and the credibility of its top management team. The Fund will endeavor that the corpus of the scheme remains fully invested in equity and equity-related instruments at all times. Differentiation - Equity Linked Savings Scheme with a lock-in period of 3 years from the date of allotment/ investment. AUM (`. In crores) ; No. of Folios Axis Equity Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Securities 80% - 100% Debt and Money Market Instruments 0% - 20% Primary Investment Objective - To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. Investment Strategy - The Fund will actively manage a diversified portfolio of strong growth companies with sustainable business models, whilst managing risk. The Fund will have the flexibility to invest across the market capitalization (i.e. large, mid and small cap companies) spectrum and industries / sectors. The companies would be individually researched and selected only when the fund management team has satisfied itself on robustness of the company s business model, sustainability of its competitive advantage and the credibility of its top management team. Differentiation - An open ended growth scheme with no lock-in period. AUM (`. In crores) - 1,272.86; No. of Folios Axis Midcap Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments of Mid - Cap companies 75%-100% Equity and Equity Related Instruments of Non Mid - Cap Companies 0%-25% Debt and Money Market Instruments 0%-25% Primary Investment Objective - To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category. Investment Strategy - The scheme seeks to generate capital appreciation through an actively managed diversified portfolio of primarily larger Midcap companies. Larger Midcap companies combine the flexible, innovative, high-growth features of mid and small size companies with the proven management and liquidity of larger companies. The Fund intends to benefit from this best of both worlds characteristic of larger Midcap companies. The portfolio will be built utilizing a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. Differentiation - Seeks to build a portfolio comprising primarily of equity and equity related securities of Midcap companies. AUM (`. In crores) ; No. of Folios Axis Focused 25 Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments (of not exceeding 25 companies) Of which: Companies among 65% - 100% the top 200 in terms of market capitalization - 90% - 100% Other equities % Debt and Money Market Instruments % Primary Investment Objective - To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. Investment Strategy - The scheme aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. In order to have a concentrated portfolio, the scheme will follow a bottom up stock selection approach. The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. The AMC employs a "Fair value" based research process to analyse the appreciation potential of each stock in its universe (Fair value is a measure of the intrinsic worth of a company). The universe of stocks is carefully selected to include companies having a robust business models and enjoying sustainable competitive advantages as compared to their competitors. While % of the corpus will be invested in equities (no less than 20 companies and up to 25 companies), it is expected that under normal market conditions at least 80% of the corpus will be invested in equities (no less than 20 companies and up to 25 companies). The Scheme will primarily invest in companies among the top 200 in terms of market cap. Differentiation - Axis Focused 25 Fund will invest in a concentrated portfolio of equity & equity related instruments of up to 25 companies AUM (`. In crores) ; No. of Folios Axis Small Cap Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Equity and Equity Related Instruments of Mid-cap companies 80% - 100% Equity and Equity Related Instruments of Non Mid-cap Companies 0% - 20% Debt and Money Market Instruments 0% - 20% Primary Investment Objective - To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies. Investment Strategy - The scheme intends to generate long term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies. Differentiation - Axis Small Cap Fund is the first close ended small cap fund of Axis Mutual Fund AUM (` In crores) : ; No. of Folios : KEY INFORMATION MEMORANDUM

23 7. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014) (contd.) Axis Enhanced Arbitrage Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Equities, equity related instruments (unhedged)* 0% - 10% Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as part of 65% - 90% hedged / arbitrage exposure* Debt and Money market instruments** (including investments in securitized debt) 10% - 35% ** including securitized debt up to 35%. The Scheme will not invest in foreign securitized debt. *Equity allocation is measured as the Gross exposure to equities, equity related instruments and derivatives. The scheme will enter into derivatives transactions for hedging. The derivative positions will be hedged against corresponding positions in either equity or derivative markets depending on the strategies involved and execution costs. On the total portfolio level the scheme does not intend to take a net short exposure to equity markets. Unhedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 10% of the net assets. Primary 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. Investment Strategy - The scheme will seek to achieve its investment objective primarily by employing various strategies which seek to exploit absolute returns opportunities in equity and derivative markets. In case such opportunities are not available, the scheme will invest the corpus in debt and money market instruments. The equity and derivative markets have experienced enormous growth in India in the last few years. The market provides the investor the ability to derive returns from the various strategies enumerated below. The market is not always efficient to the extent of mispricing in the derivative market and the underlying cash market. These techniques differ in that each method attempts to exploit a different form of imperfection in the underlying equity, debt and derivatives market and thus expose the investor to different forms of risk. Differentiation - The scheme invests predominantly in debt & money market instruments issued by banks. AUM (`. In crores) : 80.48; No. of Folios : 699 Axis Treasury Advantage Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Money Market & Debt instruments with maturity/average maturity/residual maturity/ interest rate resets less than or equal to 1 year 70% - 100% Debt instruments with maturity/average maturity/residual maturity/interest rate resets greater than 1 year 0% - 30% Primary 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. Investment Strategy - The risk-return profile of this fund positions it in between a liquid fund and short duration income fund. The portfolio strategy seeks to increase yield by having a marginally higher maturity and moderately higher credit risk as compared to a liquid fund; whilst maintaining balance between safety and liquidity. Differentiation - Endeavor to maintain the average maturity of up to 6 months depending on the interest rate view. AUM (`. In crores) ; No. of Folios Axis Short Term Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Money market instruments and debt Instruments including government securities, corporate debt, 30% - 100% securitized debt and other debt instruments with maturity/ average maturity/residual maturity/interest rate resets less than or equal to 375 days or have put options within a period not exceeding 375 days. Debt instruments including government securities, corporate debt, securitized debt and other debt 0% - 70% instruments with maturity/ average maturity/residual maturity/interest rate resets greater than 375 days Primary Investment Objective - Endeavor 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. Investment Strategy - The Fund Manager will try to allocate the assets of the scheme in a diversified portfolio of various high quality Fixed Income Securities to achieve stable returns while having a low risk strategy. The fund manager will seek to look for investment opportunities with the same class of fixed income securities (e.g. government securities) having different maturities (e.g. government securities having a residual maturity of 1 year and 2.5 years) or different classes of Fixed Income Securities with the same maturity profile/residual maturity. (e.g. a government security, an NBFC and a manufacturing corporate security having a residual maturity of 2 years). Differentiation - Endeavor to maintain the modified duration in a range of 3 months to 3 years depending on the interest rate view. AUM (`. In crores) ; No. of Folios : 3044 Axis Dynamic Bond Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Debt instruments including GSecs and corporate debt 0% - 100% Money market instruments 0% - 100% Primary Investment Objective - The Scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. Investment Strategy - The investment objective of this scheme is to maximize returns to the investor through an active management of the portfolio, by elongating the duration of the portfolio in a falling interest rate scenario and reducing the duration at a time when interest rates are moving up. With the discretion to take aggressive interest rate/duration risk calls, this could mean investing the entire net assets in long dated Government securities and debt instruments (carrying relatively higher interest rate risk/duration risk), or on defensive considerations, entirely in money market instruments. Accordingly, the interest rate risk/duration risk of the scheme may change substantially depending upon the Fund s call. Differentiation - Active duration management. AUM (`. In crores) : ; No. of Folios : 3260 Axis Income Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Debt and Money Market instruments 100% Primary Investment Objective - The scheme will endeavor to generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. KEY INFORMATION MEMORANDUM 23

24 7. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014) (contd.) Investment Strategy - The scheme proposes to invest in a diversified portfolio of high quality debt and money market securities to generate optimal risk adjusted returns in the medium term. The fund management team is going to take a medium term view on the interest rate structure. While determining the portfolio duration and credit stance, the fund manager will keep in mind the state of the local economy, inflation numbers as well as the global economic scenario. The fund manager will try to allocate assets of the scheme between various fixed income securities taking into consideration the prevailing interest rate scenario, the liquidity of the different instruments and maintain a diversified portfolio with the objective of achieving optimal risk adjusted returns. While investing the fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate bond yield curve) as well as kinks within a particular yield curve (e.g. the different points of the sovereign yield curve). Differentiation - Endeavor to maintain the modified duration in a range of 2-7 years depending on the interest rate view. AUM (`. In crores) : ; No. of Folios : 2709 Axis Liquid Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Money market instruments (including cash, repo, CPs, CDs, Treasury Bills and Government securities) with maturity/residual maturity up 50% - 100% to 91 days Debt instruments (including floating rate debt instruments and securitized debt) with maturity/residual maturity/ weighted average maturity up 0% - 50% to 91 days Explanation: a. In case of securities where the principal is to be repaid in a single payout, the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout then the maturity of the securities shall be calculated on the basis of weighted average maturity of the security. b. In case of securities with put and call options (daily or otherwise) the residual maturity of the securities shall not be greater than 91 days. c. In case the maturity of the security falls on a Non Business Day, then settlement of securities will take place on the next Business Day. Primary 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. Investment Strategy - Under normal circumstances, the fund shall seek to generate reasonable returns commensurating with low risk by positioning itself at the lowest level of riskreturn matrix. The Scheme will invest predominantly in money market securities with some tactical allocation towards other debt securities to enhance the portfolio return. The portfolio will be structured to incorporate asset-liability management based on seasonal/historic trends of liabilities. As yield curve has been observed to be flat (overnight to 3 months) during most of the times, attempt will be made to space out the assets uniformly across the maturity buckets. However any irregularity in the shape of the curve (steep/inverted) will be played out in the portfolio construction after analysing the macro-economic environment. Differentiation - Categorised as a liquid Scheme in which applications for purchases/ switch-ins received before 2.00 p.m, gets historic NAV. The Scheme cannot buy any Debt Securities or Money Market Instruments with maturity greater than 91 days. AUM (`. In crores) : ; No. of Folios : 3870 Axis Income Saver Asset Allocation Type of Instrument Normal Allocation (% of net assets) Debt & money market instruments Minimum 65%; Maximum 99% Equity & Equity related instruments Minimum 1%; Maximum 35% Primary investment objective - To generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation. Investment strategy - The Scheme has dual objectives of generating income and capital gains while attempting to manage the risk from the market. In order to achieve the twin objectives, the Scheme intends to follow a topdown and bottom-up investment strategy. The top-down process would lead to the asset-allocation between equities and fixed income and the bottom-up process would lead to construction of the portfolio using specific securities. The Scheme would invest both in equities and fixed income instruments. Allocation between the two asset classes will be done using a quantitative asset allocatiaon methodology. This methodology will be the primary tool to manage the overall risk of the portfolio in such a way as to achieve the objective of managing risk. The quantitative tool has been simulated with a target of limiting the downside to 5% in a calendar year. Within equities and fixed income, the portfolio would be actively managed to optimize returns within the respective asset class. Differentiation - Equity Exposure up to 35% of the net assets. AUM (` In crores) : ; No. of Folios Axis Constant Maturity 10 Year Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Government Securities, Treasury Bills, Repo & CBLO 100% Primary Investment Objective - To generate returns similar to that of 10 year government bonds. Investment Strategy - The scheme will aim to generate returns similar to the 10 year government bond through investments predominantly in government securities. The scheme will endeavor to maintain an average maturity of close to 10 years. The normal range of average maturity for the scheme would be between 9 and 11 years. The scheme does not intend to actively manage the duration. By investing predominantly in government securities, the scheme aims to maintain a high degree of credit quality and liquidity. Differentiation - Dedicated to investment in government securities. AUM (`. In crores) : 83.02; No. of Folios : 353 Axis Banking Debt Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Debt & Money Market Instruments issued by banks 80% - 100% CBLO, G- Secs, T-Bills and Repo* 0% - 20% *Includes Financial institution and units of debt & liquid mutual fund schemes. Primary Investment Objective - To generate stable returns by investing predominantly in debt & money market instruments issued by banks. Investment Strategy - The scheme aims to generate stable returns by investing predominantly in debt & money market instruments issued by banks. The scheme endeavors to generate optimum returns with low credit risk. Investment in debt & money market instruments issued by banks, treasury bills & government securities is primarily with the intention of maintaining high credit quality & liquidity. Atleast 70% of the net assets of the scheme shall be invested in securities rated AAA/A1+ and equivalent. The scheme shall not invest in securities rated below AA- or equivalent. The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market & debt instruments proposed to be invested in. The credit evaluation will essentially be a bottom up approach and include a study of the operating environment of the issuer, the past track record as well as the future prospects of the issuer and the short term/ long term financial health of the issuer. Differentiation - The scheme invests predominantly in debt & money market instruments issued by banks. AUM (`. In crores) : ; No. of Folios : KEY INFORMATION MEMORANDUM

25 7. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014) (contd.) Axis Fixed Income Opportunities Fund Asset Allocation Type of Instrument Normal Allocation (% of net assets) Debt instruments & Money Market Instruments* 100% *includes securitized debt up to 50% of the net assets of the Scheme. Primary investment objective - To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum Investment strategy - The scheme to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. The fund manager will endeavour, through a process of robust credit risk assessment & research, to identify optimum credit opportunities in the market and invest in such instruments offering higher yields at acceptable levels of risk. The fund manager will try to allocate assets of the scheme between various fixed income instruments taking into consideration the prevailing interest rate scenario, the liquidity of the different instruments and maintain a diversified portfolio with the objective of achieving stable risk adjusted returns. While investing the fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate bond yield curve) as well as kinks within a particular yield curve (e.g. the different points of the sovereign yield curve). After doing a thorough research on the general macroeconomic condition, political environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations the portfolio duration and credit exposures will be decided. Differentiation - The scheme invests in debt & money market instruments across the credit spectrum. AUM (` In crores) : 70.96; No. of Folios 772 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. KEY INFORMATION MEMORANDUM 25

26 FORM 1 - FOR LUMPSUM / SIP INVESTMENTS Application No. Distributor ARN Sub-Distributor ARN Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. Sol ID / Internal Sub-Broker First / Sole Applicant / Guardian Employee Code ARN ARN E TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer 18) In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subscription amount and payable to the Distributor. Units will be issued against the balance amount invested. 1 2 st Name (1 ) EXISTING INVESTOR'S FOLIO NUMBER FIRST APPLICANT'S DETAILS (If you have an existing folio with KYC validated, please mention here and skip to section 3/4.) (Non-individual invertors please fill in UBO annexure and attach along with application form) Ref. 8 EUIN Serial No., Date & Time Stamp Second Applicant Third Applicant Power of Attorney Holder I confirm that I am a first time investor across Mutual Funds. I confirm that I am an existing investor in Mutual Funds. Mr. Ms. M/s Date of birth D D M M Y Y PAN Refer 9 Nationality For Investments "On behalf of Minor" (Refer 10) Birth Certificate School Certificate Passport Other Country of Birth Guardian named below is Father Mother Court Appointed^ Name of the Guardian if minor attach proof of date of birth / Contact person for non individuals / PoA holder name Guardian / PoA PAN Correspondence / Overseas address (For FIIs/NRIs/PIOs) City Overseas address SECOND APPLICANT'S DETAILS nd Name (2 ) PAN Status THIRD APPLICANT'S DETAILS rd Name (3 ) PAN Mobile Are you a tax resident of any country other than India? No Yes Status Resident Individual Proprietor HUF Minor Society FII NRI PIO Partnership Firm Trust Company Other Specify Occupation Pvt. Sector Service Public Sector Gov. Service Housewife Defence Retired Professional Business Agriculture Student Forex Dealer Other Specify 3 I/ We Name of the account holder(s) authorise you to debit my/our account no. Axis Triple Advantage Fund Amount DEBIT MANDATE (For Axis Bank A/c only.) To be processed in CMS software under client code AXISMF (figures) Mode of Holding Axis Equity Fund Mobile Joint (Default) Axis Focused 25 Fund State (Refer 15a) Mobile Tel. Are you a tax resident of any country other than India? No Yes Status Resident Individual Proprietor HUF Minor Society FII NRI PIO Partnership Firm Trust Company Other Specify Occupation Pvt. Sector Service Public Sector Gov. Service Housewife Defence Professional Retired Business Agriculture Student Forex Dealer Other Specify Gross Annual Income OR Net-worth* in ` *Not older than one year Any other information INDIVIDUALS <1L 1-5L 5-10L 10-25L >25L Politically Exposed Person (PEP) Are you a tax resident of any country other than India? as on D D M M Y Y Anyone or Survivor Resident Individual Proprietor HUF Minor Society FII NRI PIO Partnership Firm Trust Company Other Specify Occupation Pvt. Sector Service Public Sector Gov. Service Housewife Defence Retired Professional Business Agriculture Student Forex Dealer Other Specify No Related to a PEP Yes NON-INDIVIDUALS Gross Annual Income OR Net-worth* in ` *Should not be older than one year Any other information Gross Annual Income OR Net-worth* in ` *Should not be older than one year Any other information TO BE DETACHED BY KARVY & PRESENTED TO AXIS BANK CMS Axis Long Term Equity Fund to pay for the purchase of (words) INDIVIDUALS INDIVIDUALS <1L 1-5L 5-10L 10-25L >25L Politically Exposed Person (PEP) ID <1L 1-5L 5-10L 10-25L >25L Politically Exposed Person (PEP) Application No. Pin Code Date Country <1L 1-5L 5-10L 10-25L >25L 25L-1C >1C Is the entity involved in any of the following: Foreign Exchange/ Money Changer Yes No as on D D M M Y Y Gaming/ Gambling/ Lottery (casinos, betting syndicates) Yes No Money Lending/ Pawning Yes No Nationality Nationality Country of Birth Country of Birth Axis Enhanced Arbitrage Fund Axis Income Saver Mr. Ms. M/s as on D D M M Y Y Related to a PEP Mr. Ms. M/s as on D D M M Y Y Related to a PEP D D M M Y Y Axis Midcap Fund Signature of First Account Holder Signature of Second Account Holder Signature of Third Account Holder ACKNOWLEDGMENT SLIP Received subject to realisation, verification and conditions, an application for purchase of Units as mentioned in the application form. Application No. From Cheque no. Date Amount Scheme Stamp & Signature

27 4 INVESTMENT & PAYMENT DETAILS (Investors applying under Direct Plan must mention "Direct" against scheme name, refer 2) Payment type Non-Third Party Payment Third Party Payment (Please attach 'Third Party Payment Declaration Form') Scheme 4A LUMPSUM Do not submit SIP Auto Debit Form Mode Cheque DD Axis Bank Debit Mandate (Please fill section 3.) Amount (figures) Pay-in A/c no. Account type (words) Savings NRO NRE Current FCNR Others Specify 4B SIP (For SIP through Electronic Auto Debit submit SIP Auto Debit (Form 2) with Form 1 Cheque / DD no. Plan Drawn on bank / branch name Option Dividend Frequency (Quarterly/ Half Yearly/ Annual)* Dated *Applicable only for Axis Income Saver LUMP SUM (Fill 5A only) MICRO LUMP SUM (Fill 5A only) SIP AXIS BANK DEBIT MANDATE (Fill 5B) SIP ELECTRONIC AUTO DEBIT (Fill 5B) MICRO SIP (Fill 5B) D D M M Y Y Monthly SIP Amount (figure) (words) Mode Cheque / DD Axis Bank Debit Mandate (Please fill section 3.) Cheque / DD no. Dated D D M M Y Y SIP facility is not available for Axis Enhanced Arbitrage Fund DEMAT ACCOUNT DETAILS OF FIRST / SOLE APPLICANT (Name should be as per the demat account. Refer 17) NSDL CDSL Depository Participant (DP) Name DP ID SIP frequency (tick any one) Monthly Yearly SIP period Till you instruct to discontinue or no. of installments (ref 12(h))* from to* M M Y Y First SIP Installment details 5 BANK ACCOUNT DETAILS FOR PAY-OUT (Mandatory. Refer 6 and avail of Multiple Bank Registration Facility.) Bank Name Bank A/c No. Drawn on bank / branch name th th st Preferred Debit Date (Any date except 29, 30 and 31 ) D D Beneficiary A/c No. Type M M Y Y *Fill only if no. of installments have been specified, else leave blank. Current Savings NRO NRE FCNR Others Specify Branch Name City Pin IFSC Code (11 digit)* 6 NOMINATION DETAILS (Refer 16) Name (Date of Birth if nominee is minor) MICR Code (9 digit)* Address Guardian Name (in case Nominee is a Minor) *Mentioned on your cheque leaf Signature (Guardian in case Nominee is a Minor) Allocation % Unit Holder's Signature If you do not wish to nominate sign here. 7 DECLARATION AND SIGNATURE First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder Having read and understood the content of the SID / SAI of the scheme, I/we hereby apply for units of the scheme. I have read and understood the terms, conditions, details, rules and regulations governing the scheme. I/We hereby declare that the amount invested in the scheme is through legitimate source only and does not involve designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directives of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I/we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I/We confirm that the funds invested in the Scheme, legally belongs to me/us. In event Know Your Customer process is not completed by me/us to the satisfaction of the Mutual Fund, (I/we hereby authorize the Mutual Fund, to redeem the funds invested in the Scheme, in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the law.) The ARN holder has disclosed to me/us all the commissions (trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds amongst which the Scheme is being recommended to me/ us. I/We confirm that I/We do not have any existing Micro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding ` 50,000 in a year (Applicable for Micro investment only.) with your fund house. For NRIs only - I / We confirm that I am/ we are Non Residents of Indian nationality/origin and that I/We have remitted funds from abroad through approved banking channels or from funds in my/ our Non Resident External / Non Resident Ordinary / FCNR account. I/We confirm that details provided by me/us are true and correct. 100% First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder QUICK CHECKLIST KYC acknowledgement letter (Compulsory for MICRO Investments) Self attested PAN card copy id and mobile number provided for online transaction facility Plan / Option name mentioned in addition to scheme name SIP Auto Debit Form for SIP investments Multiple Bank Accounts Registration form (if you want to register multiple bank accounts so that future payments can be made from any of the accounts) Relationship proof between Guardian and Minor (if application is in the name of a Minor) attached Additional documents attached for Third Party payments. Refer instructions.

28 TM FORM 2 - SIP AUTO DEBIT FORM (SIP matlab Sleep In Peace ) ID Distributor ARN Sub-Distributor ARN Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. Sol ID / Internal Sub-Broker First / Sole Applicant / Guardian OR Employee Code ARN ARN E First Name Middle Name Last Name For receiving statements over instead of post Serial No., Date & Time Stamp Second Applicant Third Applicant Power of Attorney Holder TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer 18 and any one) I confirm that I am a first time investor across Mutual Funds. I confirm that I am an existing investor in Mutual Funds. In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subcription amount and payable to the Distributor. Units will be issued against the balance amount invested. Tick whichever is applicable : New SIP registration by new investor New SIP registration by existing investor Change in Bank details by investor 1 APPLICANT'S PERSONAL DETAILS (MANDATORY) Application Form No. (For New Applicants) Sole / 1st Unitholder Folio No. (For Existing Unit holders) EUIN PAN 1st Applicant 2nd Applicant 3rd Applicant Enclose Attested PAN card KYC Letter Attested PAN card KYC Letter Attested PAN card KYC Letter 2 DECLARATION AND SIGNATURE (To be signed by ALL UNIT HOLDERS if mode of holding is joint ) Date D D M M Y Y I / We declare that the particulars furnished here are correct. I / We authorise Axis Mutual Fund acting through its service providers to debit my / our bank account towards payment of SIP instalments through an Electronic Debit arrangement. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/we would not hold the user institution responsible. I/We will also inform Axis Mutual Fund about any changes in my bank account. X Sole/ 1st Unit Holder / POA X 2nd Unit Holder 3 AUTO DEBIT AUTHORISATION BY BANK ACCOUNT HOLDERS The Manager X 3rd Unit Holder Name of Bank Branch City I / We authorize Axis Mutual Fund, acting through its service providers, to debit my account through ECS (Debit) clearing / Direct debit (Standing Instruction) as per the details given here: A) Folio No. / Application No. B) Account Number A/c holder's name as in bank records C) Account Type (Please ) Savings Current Cash Credit D) 9-Digit MICR Number of the Bank & Branch Scheme Plan* Option SIP Auto Debit Date Frequency (ref 12 (h)) SIP Installment Amount SIP Auto Debit Period (ref 12 (h)) Monthly (29th, 30th & 31st not available) (DD) From M M Y Y To M M Y Y Till you instruct Axis Mutual Fund to discontinue. Please fill in the `To date only if no. of installments have been specified in the Application Form. *Investors applying under Direct Plan must mention "Direct" against scheme name. For Long Term Equity minimum SIP instalment is 6 months. Yearly Please refer to KIM for min. installment amount I / We declare that the particulars furnished above are correct. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I / we would not hold the user institution responsible. I / We will also inform Axis Mutual Fund about any changes in my bank account. NAME(S) & SIGNATURE(S) OF BANK ACCOUNT HOLDER(S) AS IN BANK RECORDS Name(s) Sole/1st Bank Account Holder / POA 2nd Bank Account Holder 3rd Bank Account Holder Signature(s) XX Date D D M M Y Y Sole/1st Bank Account Holder / POA (To be signed by all holders if mode of operation of Bank Account is Joint ) 2nd Bank Account Holder ATTESTED BY THE BANKER (Mandatory, if your First SIP Installment is through a Demand Draft / Pay Order) I / We certify that the signature of account holder(s) and the bank account details are correct as per our records. XX XX 3rd Bank Account Holder Stamp & Signature FOR OFFICE USE ONLY (not to be filled in by investor) We confirm that we have taken the above ECS / Auto Debit instructions on our records. Recorded on Recorded by Credit A/c No. D D M M Y Y Stamp of Bank Branch Manager Signature Name

29

30 I Know Your Client (KYC) Application Form (For Individuals Only) Please fill in ENGLISH and in BLOCK LETTERS Place for Intermediary Logo Application No. : A. Identity Details (please see guidelines overleaf) 1. N ame o f A pplicant (As a ppearing i n s upporting i dentification d ocument). Name PHOTOGRAPH Father s/spouse Name 2. Gender Male F emale B. Marital status Single M arried C. Date of Birth d d / m m / y y y y 3. N ationality Indian Other (Please s pecify) Please affix the recent passport size photograph and sign across it 4. Status Please tick ( ) Resident Individual Non Resident Foreign National (Passport Copy Mandatory for NRIs & Foreign Nationals) 5. PAN Please enclose a duly attested copy of your PAN Card Aadhaar Number, if any: 6. Proof of Identity submitted for PAN exempt cases Please Tick ( ) UID (Aadhaar) Passport Voter ID Driving Licence Others (Please see guideline D overleaf B. Address Details (please see guidelines overleaf) 1. Address for Correspondence City / Town / Village State Country Pin Code 2. Contact Details Tel. (Off.) (ISD) (STD) Tel. (Res.) Mobile (ISD) (STD) Fax Id. (ISD) (ISD) (STD) (STD) 3. Proof of address to be provided by Applicant. Please submit ANY ONE of the following valid documents & tick ( ) against the document attached. Passport Ration Card Registered Lease/Sale Agreement of Residence Driving License Voter Identity Card * Latest Bank A/c Statement/Passbook * Latest Telephone Bill (only Land Line) * Latest Electricity Bill *Latest Gas Bill Others (Please specify) *Not more than 3 Months old. Validity/Expiry date of proof of address submitted d d / m m / y y y y 4. Permanent Address of Resident Applicant if different from above B1 OR Overseas Address (Mandatory) for Non-Resident Applicant City / Town / Village Pin Code State Country 5. Proof of address to be provided by Applicant. Please submit ANY ONE of the following valid documents & tick ( ) against the document attached. Passport Ration Card Registered Lease/Sale Agreement of Residence Driving License Voter Identity Card * Latest Bank A/c Statement/Passbook * Latest Telephone Bill (only Land Line) * Latest Electricity Bill *Latest Gas Bill Others (Please specify) *Not more than 3 Months old. Validity/Expiry date of proof of address submitted d d / m m / y y y y 6. Any other information: DECLARATION I hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it. SIGNATURE OF APPLICANT Place: Date: FOR OFFICE USE ONLY AMC/Intermediary name OR code Seal/Stamp of the intermediary should contain Staff Name (Originals Verified) Self Certified Document copies received Designation Name of the Organization (Attested) True copies of documents received Signature Main Intermediary Date IPV Done on d d / m m / y y y y Seal/Stamp of the intermediary should contain Staff Name Designation Name of the Organization Signature Date

31 I INSTRUCTIONS / CHECK LIST FOR FILLING KYC FORM A. IMPORTANT POINTS: Agreement of Residence/Driving License/Flat Maintenance 1. Self attested copy of PAN card is mandatory for all clients. bill/insurance Copy. 2. Copies of all the documents submitted by the applicant should be 2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill self-attested and accompanied by originals for verification. In case - Not more than 3 months old. the original of any document is not produced for verification, then the copies should be properly attested by entities authorized for 3. Bank Account Statement/Passbook - Not more than 3 months old. attesting the documents, as per the below mentioned list. 4. Self-declaration by High Court and Supreme Court judges, giving the 3. If any proof of identity or address is in a foreign language, then new address in respect of their own accounts. translation into English is required. 5. Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-Operative 4. Name & address of the applicant mentioned on the KYC form, should Bank/Multinationa Foreign Banks/Gazetted Officer/Notary match with the documentary proof submitted. public/elected representatives to the Legislative 5. If correspondence & permanent address are different, then proofs for Assembly/Parliament/Documents issued by any Govt. or Statutory both have to be submitted. Authority. 6. Sole proprietor must make the application in his individual name & 6. Identity card/document with address, issued by any of the following: capacity. Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, 7. For non-residents and foreign nationals,(allowed to trade subject to Scheduled Commercial Banks, Public Financial Institutions, Colleges RBI and FEMA guidelines), copy of passport/piocard/ocicard and affiliated to Universities and Professional Bodies such as ICAI, overseas address proof is mandatory. ICWAI, ICSI, Bar Council etc.,to their Members. 8. For foreign entities, CIN is optional; and in the absence of DIN no. for 7. For FII/sub account, Power of Attorney given by FII/sub-account to the directors, their passport copy should be given. 9. In case of Merchant Navy NRI s, Mariner s declaration or certified copy of CDC (Continuous Discharge Certificate) is to be submitted. 10.For opening an account with Depository participant or Mutual Fund, for a minor, photocopy of the School Leaving Certificate/Mark sheet issued by Higher Secondary Board/Passport of Minor/Birth Certificate must be provided. 11.Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior Government/judicial/military officers, senior executives of state owned corporations, important political party officials, etc. B. Proof of Identity( POI): List of documents admissible as Proof of Identity: 1. PAN card with photograph. This is a mandatory requirement for all applicants except those who are specifically exempt from obtaining PAN (listed in Section D). 2. Unique Identification Number (UID) (Aadhaar) / Passport / Voter ID card / Driving license. 3. Identity card/ document with applicant s Photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/debit cards issued by Banks. C. Proof of Address (POA): List of documents admissible as Proof of Address: (*Documents having an expiry date should be valid on the date of submission.) 1. Passport/Voters Identity Card/Ration Card/Registered Lease or Sale the Custodians (which are duly notarized and/or apostiled or consularised) that gives the registered address should be taken. 8. The proof of address in the name of the spouse may be accepted. D. Exemptions/clarifications to PAN (*Sufficient documentary evidence in support of such claims to be collected.) 1. In case of transactions undertaken on behalf of Central Government and/or State Government and by officials appointed by Courts e.g. Official liquidator, Court receiver etc. 2. Investors residing in the state of Sikkim. 3. UN entities/multilateral agencies exempt from paying taxes/filing tax returns in India. 4. SIP of Mutual Funds upto Rs 50,000/- p.a. 5. In case of institutional clients, namely, FIIs, Mfs, VCFs, FVCIs, Scheduled Commercial Banks, Multilateral and Bilateral Development Financial Institutions, State Industrial Development Corporations, Insurance Companies registered with IRDA and Public Financial Institution as defined under section 4A of the Companies Act, 1956, Custodians shall verify the PAN card details with the original PAN card and provide duly certified copies of such verified PAN details to the intermediary. E. List of people authorized to attest the documents: 1. Notary Public, Gazetted Officer, Manager of a Scheduled Commercial/Co-operative Bank or Multinational Foreign Banks (Name, Designation & Seal should be affixed on the copy). 2. In case of NRIs, authorized officials of overseas branches of Scheduled Commercial Banks registered in India, Notary Public, Court Magistrate, Judge, Indian Embassy/Consulate General in the country where the client resides are permitted to attest the documents. Please Submit the KYC Documents on A4 Size Paper Only.

32 MANDATE FOR / REGISTRATION (TO BE FILLED ONE TIME ONLY) The EasyCall & EasySMS facility lets you invest in select schemes of Axis Mutual Fund by simply calling toll free on or sending an SMS to To register for this facility, please submit this form along with a copy of a cancelled cheque. EasyCall & EasySMS is presently available to investors who have accounts with select banks participating in National Automated Clearing House (NACH). Date D D M M Y Y Existing Folio No. Name of First Applicant Name of Second Applicant Name of Third Applicant Mobile No. ID I request you to update my mobile number in the folio no(s) mentioned above.to transact for EasyCall & EasySMS and receive SMS alerts on mobile phone done in my account. I / We have read the Terms and conditions of account opening. I / We are aware that Axis Mutual Fund and its Electronic Debit Service Provider(s) are authorised to process transactions through the Electronic Debit Arrangement. For this purpose, I / we authorize Axis Fund and its designated service provider(s) to debit my / our account with your branch. The payments should be effected to Axis Mutual Fund and / or its service providers. I also hereby agree to read the respective SID & SAI of the mutual fund before investing in any scheme of Axis Mutual Fund using this facility. SIGNATURE 1st Applicant Holder 2nd Applicant Holder 3rd Applicant Holder UMRN Bank use Date D D M M Y Y Y Y CREATE MODIFY CANCEL Sponsor Bank Code Bank use Utility Code Bank use I/We hereby authorize Axis Mutual Fund to debit (tick ) SB /CA /CC /SB-NRE /SB-NRO /Other Bank a/c number with Bank Name of customers bank IFSC or MICR an amount of Rupees ` FREQUENCY Mthly Qtly H-Yrly Yrly As & when presented DEBIT TYPE Fixed Amount Maximum Amount Reference 1 Folio No. Phone No. Reference 2 PERIOD All Schemes of Axis Mutual Fund ID From D D M M Y Y Y Y To Or D D M M Until Cancelled Y Y Y Y 1. Signature Primary Account holder Name as in bank records 2. This is to confirm that the declaration has been carefully read, understood & made by me/us Signature of Account holder Name as in bank records 3. Signature of Account holder Name as in bank records

33 POINTS TO NOTE 1 For first time investors in Axis Mutual Fund, this form should be submitted along with application form. 2 For existing investors, simply submit this completed mandate just once. 3 Post registration, you can invest a maximum of ` 500,000 at a time using EasyCall & EasySMS. Registration will take 25 days from the date of submission of form. 4. This facility is currently available to HUFs, Proprietor Firms and individual investors with Single / Anyone or Survivor status as the mode of holding. Please read the SID/SAI for terms and conditions. 5 The Distributor ARN for an EasyCall transaction will be the same as registered against the folio in which the transaction is being done. In case a folio has multiple brokers registered, then the EasyCall transaction is made under the Distributor ARN of the last transaction in the folio. 6 Please do not fill UMRN, Sponsor Bank Code and Utility Code given on the form. This is for bank use only. TERMS AND CONDITIONS 1 Axis Asset Management Company Limited (AMC) has the right to ask such information (Key Information) from the available data of the Investor/s before allowing him access to avail the EasyCall & EasySMS facility (the Facility). If for any reason, the AMC is not satisfied with the replies of the Investor/s, the AMC has at its sole discretion the right of refusing access without assigning any reason/s to the Investor/s. 2 It is clarified that the Facility is only with a view to accommodate / facilitate the Investor/s and offered at the sole discretion of the AMC. The AMC is not bound and/or obliged in any way to give access to the Facility to Investor/s. 3 The Investor/s shall check his/ her account records carefully and promptly. If the Investor/s believes that there has been a mistake in any transaction using the Facility, or that an unauthorized transaction has been effected, the Investor/s shall notify the AMC immediately. If the Investor/s defaults in intimating the discrepancies in the statement within a period of fifteen days of receipt of the statements, he waives all his rights to raise the same in favour of the AMC, unless the discrepancy/ error is apparent on the face of it. By opting for the facility the Investor/s hereby irrevocably authorizes and instructs the AMC to act as his/ her agent and to do all such acts as AMC may find necessary to provide the Facility. 4 The Investor/s shall at all times be bound by any modifications and/ or variations made to these Terms and Conditions by the AMC at their sole discretion and without notice to them. 5 The Investor/s agrees and confirms that the AMC has the right to ask the Investor/s for an oral or written confirmation of any transaction request using the Facility and/ or any additional information regarding the Account of the Investor/s. 6 The Investor/s agrees and confirms that the AMC may at its sole discretion suspend the Facility in whole or in part at any time without prior notice. 7 The Investor/s shall not assign any right or interest or delegate any obligation arising herein. 8 The Investor/s shall take responsibility for all the transactions conducted by using the Facility and will abide by the record of transactions generated by the AMC. Further, the Investor/s confirms that such records generated by the AMC shall be conclusive proof and binding for all purposes and may be used as evidence in any proceedings and unconditionally waives all objections in this behalf. 9 The Investor/s agrees that use of the Facility will be deemed acceptance of the Terms and Conditions and the Investor/s will unequivocally be bound by these Terms and Conditions. The Investor agrees that all calls received shall be eligible for same day NAV subject to necessary formalities to be complied by the AMC in case of transaction through EasyCall & EasySMS Facility on or before the uniform cut off time. 10 Requests like change in bank mandate, change of nomination, change in mode of holding, change of address or such other requests as the AMC may decide from time to time will not be permitted using the EasyCall & EasySMS facility. 11 EasySMS option is for all the investors of AXIS MF. Investment is restricted up to ` 500,000 per transaction. 12 The cut off time for EasySMS transactions is 3:00 pm on all business days and if the sms for transaction is received after 3:00 pm it would be considered for the next day transaction. INDEMNITIES IN FAVOUR OF THE AMC The Investor/s shall not hold the AMC liable for the following: 1. For any transaction using the Facility carried out in good faith by the AMC on instructions of the Investor/s 2. For unauthorized usage/ unauthorized transactions conducted by using the Facility 3. For any loss or damage incurred or suffered by the Investor/s due to any error, defect, failure or interruption in the provision of the Facility arising from or caused by any reason whatsoever 4. For any negligence/mistake or misconduct by the Investor/s 5. For any breach or non-compliance by the Investor/s of the rules/ terms and conditions stated in the Scheme Information Document 6. For accepting instructions given by any one of the Investor/s in case of joint account/s having mode of operations as "Either or Survivor" or "anyone or survivor" 7. For not verifying the identity of the person giving the telephone instructions in the Investor/s name 8. For not carrying out any such instructions where the AMC has reason to believe (which decision of the AMC the Investor/s shall not question or dispute) that the instructions given are not genuine or are otherwise improper, unclear, vague or cause for doubt 9. For carrying out a transaction after such reasonable verification as the AMC may deem fit regarding the identity of the Investor/s 10. In case of error in NAV communication 11. For accepting instructions given by any one of the Investor/s or his/her authorized person 12. For list of National Automated Clearing House (NACH) banks please visit SIP registration using EasyCall shall be accepted for the period mentioned on the EasyCall mandate. In case the SIP end date is beyond the end date of the EasyCall mandate, then the end date of the EasyCall mandate shall be considered. SIP is not available through Easy SMS

34 SYSTEMATIC TRANSFER PLAN (STP) Date D D M M Y Y Distributor ARN Sub-Distributor ARN Sol ID / Internal Sub-Broker Employee Code EUIN Serial No., Date & Time Stamp ARN ARN E Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder EXISTING FOLIO NUMBER OR APPLICATION NO. PAN (mandatory) Enclosed PAN Proof KYC Acknowledgment letter SYSTEMATIC TRANSFER PLAN (STP) (To be submitted at least 7 days before the 1st due date for transfer). From Scheme Plan Option (tick ) Growth Dividend Reinvestment Dividend Payout Bonus Dividend Frequency Plan Existing Direct Retail To Scheme Plan Option (tick ) Growth Dividend Reinvestment Dividend Payout Bonus Dividend Frequency Plan Existing Direct (Please tick any one) Ref. Instruction 5 Systematic Transfer Plan (STP) (Ref. Instruction 5) Transfer Frequency (Please tick ( ) any one of the below frequencies) Daily Weekly* (Monday To Friday) Day of transfer Fortnightly (Every Alternate Wednesday) Monthly $ 1st 7th 10th 15th 25th Quarterly $ Capital Appreciation Systematic Transfer Plan (CapSTP) (Ref Instruction 6) Transfer Frequency (Please tick ( ) any one of the below frequencies) Weekly (Monday To Friday) * Day of transfer Monthly $ Quarterly $ (Please tick ( ) any one) 1st 7th 10th 15th 25th Transfer Instalment ` Total Transfer ` No. of Instalments OR Transfer Period From D D M M Y Y D D M M Y Y (First Instalment) (Last Instalment) *Ref. Instruction 11. $ Ref Instruction 12. Please refer to the Scheme Information Documents of respective schemes for STP availability. STP out available and registered under Axis Long Term Fund, only For the Units which are Free of 3 years lock-in. Having read and understood the contents of the Scheme Information Document of the Scheme(s), I / we hereby apply for units of the Scheme(s) and agree to abide by the terms, conditions, rules and regulations governing the Scheme(s). I/ We hereby declare that the amount invested in the Scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I / We have understood the details of the Scheme(s) & I / we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I / We confirm that the funds invested in the Scheme(s), legally belong to me / us. In the event "Know Your Customer" process is not completed by me / us to the satisfaction of the Mutual Fund, I / we hereby authorise the Mutual Fund, to redeem the funds invested in the Scheme(s), in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the Law. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. For NRIs only: I / We confirm that I am / we are Non Residents of Indian nationality / origin and that I / we have remitted funds from abroad through approved banking channels or from funds in my / our Non-Resident External / Non-Resident Ordinary / FCNR account. I / We confirm that details provided by me / us are true and correct. First / Sole Applicant / Guardian Second Applicant Third Applicant POA Holder

35 STP Enrolment Form - Instruction 1. The STP Enrolment Form should be completed in English and in Block Letters only. Please tick in the appropriate box, where boxes have been provided. The STP Enrolment Form complete in all respects, should be submitted at any of the Official Points of Acceptance of Axis Mutual Fund. 2. One STP Enrolment Form can be filled for one Scheme/Plan/Option only. 3. Investors are advised to read the Key Information Memorandum(s) (KIMs) and Scheme Information Document(s) (SIDs) of the Transferee Scheme(s) and Statement of Additional Information (SAI) carefully before investing. The SIDs / KIMs of the respective Scheme(s) andsai are available with the ISCs of Axis Mutual Fund, brokers/distributors and also displayed at the Axis Mutual Fund website i.e Unit holders should note that unit holders details and mode ofholding (single, joint, anyone or survivor) in the Transferee Scheme will be as per the existing folio number of the Transferor Scheme, Units will be allotted under the same folio number. Unit holders names should match with the details in the existing folio number, failing which; the application is liable to be rejected. 5. STP offers unit holders the following two Plans: 1. Systematic Transfer Plan (STP) 2. Capital Appreciation Systematic Transfer Plan (CapSTP) Investor s can opt for any of the above facility. Systematic Transfer Plan (STP) offers transfer facility at Daily, Weekly, Fortnightly, Monthly and Quarterly intervals. Capital Appreciation STP (CapSTP) offers transfer facility at Weekly, Monthly and Quarterly intervals. If no frequency is chosen, Monthly frequency shall be treated as the Default Frequency. 6. Under the CapSTP-Weekly Interval, unit holders will be eligible to transfer the entire capital appreciation amount (minimum Rs. 500) by way of capital appreciation from Monday to Friday. Monthly Interval, unit holders will be eligible to transfer the entire capital appreciation amount(minimum Rs. 500) by way of capital appreciation on the 1st, 7th, 10th, 15thor 25thof each month. Under the CapSTP-Quarterly Interval, unit holders will be eligible to transfer the entire capital appreciation amount (minimum ` 1,000) by way of capital appreciation on the 1st, 7th, 10th,15th or 25thof the first month of each quarter. The beginning of the quarter could be of any month e.g. January, March, July, September, etc. Please note that no transfers will take place if there is no minimum capital appreciation amount (except for last transfer leading to closure of account). The capital appreciation, if any, will be calculated from the enrolment date of the CapSTP under the folio, till the first transfer date. Subsequent capital appreciation, if any, willbe the capital appreciation between the previous CapSTP date(where CapSTP has been processed and paid) and the next CapSTP date. 7. The provision of Minimum Redemption Amount as specified in the Scheme Information Document(s) of the respective designated Transferor Schemes and Minimum Application Amount specified in the Scheme Information Document(s) of the respective designated Transferee Schemes will not be applicable for STP. 8. Minimum amount as per the table given below and thereafter in multiple of ` 1 except Axis Long Term Equity Fund Min. Amount ` 500 for all frequency and thereafter in multiples of ` 500/- The minimum number of instalments and amount under STP and Cap STP is as follows: STP CapSTP STP Frequency Cycle Date Minimum Minimum Minimum Minimum Amt Instalment Amt Instalment Daily Monday To Friday NA NA Weekly Monday To Friday Fortnightly Alternate Wednesday NA NA Monthly 1st, 7th, 10th, 15th or 25th Quarterly 1st, 7th, 10th, 15th or 25th List of transferor and transferee schemes: Sr no. Schemes Name STP Out (Transferor Scheme) STP In (Transferee Scheme) 1 Axis Liquid Fund 2 Axis Treasury Advantage Fund 3 Axis Short Term Fund 4 Axis Income Saver Fund 5 Axis Equity Fund 6 Axis Long Term Equity Fund* 7 Axis Triple Advantage Fund 8 Axis Mid Cap Fund 9 Axis Dynamic Bond Fund 10 Axis Gold Fund 11 Axis Constant Maturity 10 Year Fund 12 Axis Income Fund 13 Axis Banking Debt Fund 14 Axis Focused 25 Fund 15 Axis Fixed Income Opportunities Fund 16 Axis Enhanced Arbitrage Fund *STP Out allowed from Axis Long Term Equity Fund for those investments which have completed the lock-in period of 3 years. 10. Unit holders are required to fill in either the number of instalments or the enrolment period in the enrolment Form, failing which the Form is liable to be rejected. 11. In case Day of Transfer has not been indicated under STP- Weekly frequency, Wednesday shall be treated as Default day. 12. In case, the Enrolment Period has been filled, but the STP Date and/or Frequency (Monthly/Quarterly) has not been indicated, Monthly frequency shall be treated as Default frequency and 10th shall be treated as Default Date. 13. The application for STP/ CapSTP enrolment - Monthly & Quarterly Interval should be submitted at least 7 working days and not more than 90 days before the desired commencement date. 14. In respect of STP, the Load Structure prevalent at the time of enrolment shall govern the investors during the tenure of the STP. 15. A minimum period of 7 working days shall be required for registration under STP. Units will be allotted/redeemed at the applicable NAV of the respective dates of the Scheme on which such investments/withdrawals are sought from the Scheme. 16. The AMC reserves the right to introduce STPs at any other frequencies or on any other dates as the AMC may feel appropriate from time to time. In the event that such a day is a Holiday, the transfer would be affected on the next Business Day. 17 The requests for discontinuation of STP/CapSTP shall be subject to an advance notice of 15 days before the next due date for STP. 18. STP will terminate automatically if all Units are liquidated or withdrawn from the account or upon the Funds receipt of notification of death or incapacity of the Unit holder. Further, in case where the balance amount in a folio is less than the STP/CapSTP amount, the entire amount will be transferred to the transferee scheme. 19. If STP date/day is a non-business Day, then the next Business Day shall be the STP Date / Day and the same will be considered for the purpose of determining the applicability of NAV. 20. The Trustee reserves the right to change/modify the terms and conditions of the STP. For the updated terms and conditions of STP, contact the nearest ISC or visit our website

36 SYSTEMATIC WITHDRAWAL PLAN (SWP) Date D D M M Y Y Distributor ARN Sub-Distributor ARN Sol ID / Internal Sub-Broker Employee Code EUIN Serial No., Date & Time Stamp ARN ARN E Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. INVESTOR S INFORMATION Mr / Mrs First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder Existing Folio Number APPLICATION NO. PAN Enclosed PAN Proof KYC Acknowledgment letter ID st SWP DETAILS (To be submitted atleast 15 days before 1 due date. Please ( ) the appropriate option) SWP From Scheme Axis Equity Fund Axis Gold Fund Axis Income Saver Axis Triple Advantage Fund Axis Midcap Fund Axis Focused 25 Fund Axis Dynamic Bond Fund Axis Short Term Fund Axis Income Fund Axis Treasury Advantage Fund Axis Banking Debt Fund Axis Constant Maturity 10 year Fund Axis Long Term Equity Fund Axis Liquid Fund Plan Regular Direct Option Growth Dividend Payout Dividend Re-investment Bonus Withdrawal Amount ` in figures ` in words Withdrawal Frequency Monthly (minimum 6) Quarterly (minimum 4) Half Yearly (minimum 4) Yearly (minimum 2) Withdrawal Period From To OR No. of installments st th th th th SWP Date* *In the event that such a day is a holiday, the withdrawal would be affected on the next business day. Units completed three years of lock in period in Axis Long Term Equity Fund would be eligible for SWP facility. Minimum installment ` 500/- multiple ` 1/-. DECLARATION AND SIGNATURES Having read and understood the content of the SID / SAI of the scheme, I/we hereby apply for units of the scheme. I have read and understood the terms, conditions, details, rules and regulations governing the scheme. I/We hereby declare that the amount invested in the scheme is through legitimate source only and does not involve designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directives of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I/we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I/We confirm that the funds invested in the Scheme, legally belongs to me/us. In event Know Your Customer process is not completed by me/us to the satisfaction of the Mutual Fund, (I/we hereby authorize the Mutual Fund, to redeem the funds invested in the Scheme, in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the law.) The ARN holder has disclosed to me/us all the commissions (trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds amongst which the Scheme is being recommended to me/ us. I/We confirm that I/We do not have any existing Micro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding ` 50,000 in a year (Applicable for Micro investment only.) with your fund house. For NRIs only - I / We confirm that I am/ we are Non Residents of Indian nationality/origin and that I/We have remitted funds from abroad through approved banking channels or from funds in my/ our Non Resident External / Non Resident Ordinary / FCNR account. I/We confirm that details provided by me/us are true and correct. First / Sole Applicant / Guardian INSTRUCTION & INFORMATION Second Applicant Third Applicant To be signed by All Applicants if mode of operation is Joint POA Holder 1. Please refer the Key Information Memorandum and Scheme information documents and Statement of additional information of the respective Schemes(s) for Applicable NAV, Risk Factors, Load Structure and other information on the Scheme(s). 2. Contingent Deferred Sales Charge (CDSC)/Exit Load if any is applicable to SWP. 3. The AMC reserves the right to accept SWP applications of different amounts, dates and frequency. 4. You can choose to discontinue any of these facilities by giving 15 days prior notice in writing to our Registrar Karvy and it will terminate automatically if all the Units are liquidated, or withdrawn from the account or the holdings fall below the SWP amount. 5. The bank account as mentioned in the above folio would be considered for such credits, incase you wish to change the bank account fill in a Common Transaction Slip available at 6. Incorrect, incomplete, ambagious forms will not be accepted and will be returned to the investor within 30 days of their receipt. 7. Minimum amount is ` 1000/- and thereafter in multiple of ` 1/- only except Axis Long Term Equity Fund. 8. If SWP date and frequence is not mentioned by investor default date & frequency would be considered as 10th of every month and monthly respectively.

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38 Distributor ARN Sub-Distributor ARN Sol ID / Internal Sub-Broker Employee Code EUIN Serial No., Date & Time Stamp ARN ARN E Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. 1 EXISTING UNIT HOLDER INFORMATION Folio No. Name Name of scheme Transaction date D D M M Y Y Y Y Transaction amount (Any transaction date & its respective transaction amount) I/We have read and understood the contents of the offer document & the instructions for the Trigger Plan. I/We hereby apply for the same and agree to abide by the terms, conditions rules & regulations of the plan. 2 OPTION - A OPTION - B First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder Please tick ANY ONE of the following Nifty Index level reached or above Nifty Index level reached or below NAV is at or above Rs. NAV appreciates by % NAV appreciates or depreciates by %* NAV Depreciates by %* *All units will be switch out / Redeem. Please tick ANY ONE of the following Switch out to : Scheme Plan or Redemption Option Please tick any one of the following actions to be initiated on encountering the above situation Full or To the extent of capital appreciation or To the extent of principal amount (The default option will be Full.) First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder INSTRUCTIONS FOR TRIGGER 1. Please use separate forms for each transaction under each folio. 2. Unit holders are requested to tick only one tirgger situation/ action mentioned under sec A & B above per transaction. In the event of multiple triggers for a particular transaction, the trigger request will be deemed to be cancelled and would not be registered. 3. Trigger is an additional facility provided to the unit holders to save the time for completing the redemption/ switch formalities on happening of a particular event. Trigger is not to be conceived as an assurance on part of Axis Mutual Fund that the investor will manage to receive a particular sum of money/ appreciation/ and/ or fixed % of sum. 4. This form duly completed must be submitted at the nearest Designated Investor Service Centre which are available an 5. Trigger option is available in below schemes Source Schemes : Axis Liquid Fund Axis Treasury Advantage Fund Axis Short Term Fund Axis Banking Debt Fund Axis Equity Fund Axis Midcap Fund Axis Focused 25 Fund Axis Triple Advantage Fund Axis Income Saver Axis Gold Fund Axis Dynamic Bond Fund Axis Income Fund Axis Long Term Equity Fund* NOTE Target Schemes : Axis Liquid Fund Axis Treasury Advantage Fund Axis Short Term Fund Axis Banking Debt Fund Axis Equity Fund Axis Midcap Fund Axis Focused 25 Fund Axis Triple Advantage Fund Axis Income Saver Axis Gold Fund Axis Dynamic Bond Fund Axis Income Fund Axis Long Term Equity Fund *Investor's those completed the lock-in period of 3 years may apply for trigger. 1. The NAV INR level specified by the unit holder must be in multiples of 5 paisa e.g. INR 10.50, INR.10.55, INR , etc.. 2. The NAV percentage level specified by the unit holder must be in multiples of 1 % percentage E.g. 10%, 11%, 12%, and so on 3. On the trigger date (the day of event occurrence), the eligible amount for redemption will be redeemed by redemption of units in the said Scheme at the closing NAV of the same day i.e. the trigger date and process next day. Once a transaction is processed, the same will not be reversed and it will be final and binding upon the unit holder. 4. All requests for registering or deactivating the trigger facility shall be subject to an advance notice of 10 (ten ) working days. 5. For the switch out / Redemption transaction processed through trigger, the load will be applicable as per SID of the respective Schemes. 6. The specified trigger will fail, if the investor(s) do not maintain sufficient balance in the scheme (specific transaction) on the trigger date. Trigger will also not get executed in case units are pledged/ lien or on receipt of request for Switch, redemption and transmission. 7. Axis Asset Management Company Limited reserves the right to reject trigger request without assigning any reason and also reserves the right to change/modify the terms and conditions of trigger facility. AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled by the investor) Folio No. Scheme Name OPTION - A Please tick ANY ONE of the following Nifty Index level reached or above Nifty Index level reached or below NAV is at or above Rs. NAV appreciates by % NAV appreciates or depreciates by %* NAV Depreciates by %* *All units will be switch out / Redeem. OPTION - B Please tick ANY ONE of the following Switch out to : Scheme Plan or Redemption Option Please tick any one of the following actions to be initiated on encountering the above situation Full or To the extent of capital appreciation or To the extent of principal amount (The default option will be Full.) Stamp & Signature

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40 DIVIDEND SWEEP OPTION FORM Application No. Date D D M M Y Y Distributor ARN Sub-Distributor ARN Sol ID / Internal Sub-Broker Employee Code EUIN Serial No., Date & Time Stamp ARN ARN E Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of inappropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. Folio No. Name First / Sole Applicant / Guardian / POA Second Applicant I/We hereby apply for enrolment under Dividend Sweep Option (DSO) and agree to abide by the terms and conditions of DSO. Third Applicant From Scheme To Scheme SIGNATURE Plan Plan Option Option Having read and understood the content of the SID / SAI of the scheme, I/we hereby apply for units of the scheme. I have read and understood the terms, conditions, details, rules and regulations governing the scheme. I/We hereby declare that the amount invested in the scheme is through legitimate source only and does not involve designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directives of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I/we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I/We confirm that the funds invested in the Scheme, legally belongs to me/us. In event Know Your Customer process is not completed by me/us to the satisfaction of the Mutual Fund, (I/we hereby authorize the Mutual Fund, to redeem the funds invested in the Scheme, in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the law.) The ARN holder has disclosed to me/us all the commissions (trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds amongst which the Scheme is being recommended to me/ us. I/We confirm that I/We do not have any existing Micro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding ` 50,000 in a year (Applicable for Micro investment only.) with your fund house. For NRIs only - I / We confirm that I am/ we are Non Residents of Indian nationality/origin and that I/We have remitted funds from abroad through approved banking channels or from funds in my/ our Non Resident External / Non Resident Ordinary / FCNR account. I/We confirm that details provided by me/us are true and correct. First / Sole Applicant / Guardian / POA Second Applicant Third Applicant FEATURES AND TERMS OF DIVIDEND SWEEP OPTION FACILITY 1) Dividend Sweep Option (DSO) is available to unit holder(s) only under Dividend Plan / Option except Daily Dividend Plan / Options of the Source Scheme(s). Unit holder(s) registration under the DSO will override any previous instructions for Dividend Payout or Dividend Reinvestment facility in the Source Scheme. Target Scheme can be any plan/option as mentioned under the Scheme Information Document (SID) of respective schemes. 2) The registration for DSO facility should be for all units under the respective Dividend Plan / Option of the Source Scheme. Partial Dividend Sweep not allowed. 3) Below schemes are eligible for dividend Sweep Option (DSO) Source Schemes : Axis Liquid Fund Axis Treasury Advantage Fund Axis Short Term Fund Axis Banking Debt Fund Axis Equity Fund Axis Long Term Equity Fund Axis Midcap Fund Axis Focused 25 Fund Axis Triple Advantage Fund Axis Income Saver Axis Gold Fund Axis Dynamic Bond Fund Axis Income Fund Axis Constant Maturity 10 Year Fund. Target Schemes : Axis Liquid Fund Axis Treasury Advantage Fund Axis Short Term Fund Axis Banking Debt Fund Axis Equity Fund Axis Long Term Equity Fund Axis Midcap Fund Axis Focused 25 Fund Axis Triple Advantage Fund Axis Income Saver Axis Gold Fund Axis Dynamic Bond Fund Axis Income Fund Axis Constant Maturity 10 Year Fund 4) The Minimum Amount of dividend eligible for Dividend Sweep Option (DSO) is ` 1000/-. In case Dividend Sweep amount being less than eligible amount, then the dividend will be reinvested in source scheme/pay out as per the existing option. 5) The minimum purchase amount criteria in the respective Target Scheme s will not be applicable under DSO. 6) The dividend amount to be invested under the DSO from the Source Scheme to the Target Scheme shall be invested by subscribing to the units of the Target Scheme at applicable NAV, subject to payment of Entry/Exit Load as applicable. 7) The Unit holders who wish to enroll for DSO are required to fill and submit the request form available with the nearest ISCs / and also displayed on the website Please use separate forms for each Folio/Scheme/Option. 8) New Investor who wishes to opt for DSO is required to fill in source scheme application form as well as DSO enrolment form. 9) The DSO will be terminated if the unit holding under the source scheme becomes nil /units are pledged/lien or on receipt of request for transmission. 10) The requests for registration/ deactivation of DSO must be submitted at least 10 days prior to the Record Date of the dividend. In case condition not being met, the enrolment would be considered valid from the immediately succeeding Record Date of the dividend. 11) If investor has not provided option / plan for the Target Scheme, then default option as per set parameters of the Target Scheme shall be considered. 12) Axis Asset Management Company Limited reserves the right to reject DSO request without assigning any reasons there and also reserves the right to change / modify the terms & conditions of DSO at any time. AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled by the investor) Folio No. From Scheme Plan To Scheme Plan (Scheme Name) Option (Scheme Name) Option Stamp & Signature

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42 DETAILS UNDER FATCA / FOREIGN TAX LAWS Date D D M M Y Y INDIVIDUAL INVESTORS Annexure to Common Application Form No.: for: Sole Applicant Second Applicant Third Applicant Guardian *The below information is required for all applicant(s), guardian(s).please ( ) above box as applicable and submit a separate form(s) for each category 1. Country of birth 2. Country of citizenship / Nationality 3. Are you a tax resident of any other country other than India? If yes, Please indicate all countries in which you are resident for tax purposes and the associated Tax Reference Numbers below. Country of Tax Residency Tax Reference Number Declaration: I declare that the information provided in this form is to the best of my knowledge and belief, accurate and complete. I agree to notify Axis Mutual Fund immediately in the event the information in the self-certification changes. Name of Applicant / Guardian/ POA PAN Signatory Date D D M M Y Y NON INDIVIDUAL INVESTORS Annexure to Common Application Form No. Please indicate all countries in which the organization is a resident for tax purposes and the associated Tax ID Numbers below Country of Tax Residency Tax ID Number Please tick the relevant box below, even if Country of Tax Residency is India Form W8 BEN-E / (specified declaration (Enclosed)) OR Unable to Provide [Axis Mutual Fund will contact you in due course to confirm your FATCA Status] ^Where no box is ticked, the second statement will be taken as the default implying that the applicant/investor currently is unable to confirm FATCA status and will confirm the same in future. AND Declaration: I/We declare that the information provided in this form is to the best of my knowledge and belief, accurate and complete. I/We agree to notify Axis Mutual Fund immediately in the event the information in the self-certification changes. Name of the organisation PAN Date D D M M Y Y Name of the Authorized Signatory Signatory INSTRUCTIONS Details under FATCA/Foreign Tax Laws: Tax Regulations require us to collect information about each investor s tax residency. In certain circumstances (including if we do not receive a valid selfcertification from you) we may be obliged to share information on your account with relevant tax authorities. If you have any questions about your tax residency, please contact your tax advisor. Should there be any change in information provided, please ensure you advise us promptly, i.e., within 30 days. If you are a US citizen or resident or greencard holder, please include United States in the foreign country information field along with your US Tax Identification Number. Foreign Account Tax Compliance provisions (commonly known as FATCA) are contained in the US Hire Act 2010.

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44 FATCA DECLARATION & DETAILS FOR ENTITIES Please seek advice from Tax professional on any FATCA aspects. Date D D M M Y Y 1. Are you a financial institution (including an FFI) (Please see definitions in Part X-3) if yes, please fill Part X1 of this Form Yes No 2. If No to Qs. 2, you are an NFFE. (Please see definitions in Part X3) please fill Part X2 of this Form Part X-1 1. We are a financial institution Yes GIIN: GIIN not available : Applied for Not required to apply for Not obtained Part X-2 (Please tick wherever applicable) 1. Are you a listed company (that is, a company whose Yes shares are regularly traded on a recognised stock Name of the stock exchange exchange) (please specify any one stock exchange upon which the stock is regularly traded) 2. Are you a related entity of a listed company Name of the company, the stock of which is regularly traded Name of the stock exchange 3. Are you an active NFFE Yes, Nature of business (please specify any one stock exchange upon which the stock is regularly traded) No (If Yes, stop at Q3, if No, answer Q4) 4. Are you a passive NFFE (Please provide details of controlling persons and their country of citizenship/ residency in the below-mentioned format) Yes, Nature of business Refer AMFI Circular.For passive NFFE please list below each controlling person, confirming ALL countries of tax residency/ permanent residency/ citizenship and ALL Tax Identification Numbers for EACH controlling persons. Name Country of tax residency/ permanent residency^ Country of citizenship Address Tax identification number (or functional equivalent) ^To include U.S.A. where controlling person is a U.S. citizen or green card holder. (Please attach additional sheets if necessary). Note: For terms in italics, please see the definitions section. Name of the organisation PAN Date D D M M Y Y Name of the Authorized Signatory Signatory Part X-3 Definitions A. Foreign Financial Institution (FFI)- The term FFI means any financial institution that is a: Depository institution: Accepts deposits in the ordinary course of banking or similar business. Custodial institution As a substantial portion of its business, holds financial assets for the account of others Substantial portion An entity holds financial assets for the account of others as a substantial portion of its business if the entity's gross income attributable to holding financial assets and related financial services equals or exceeds 20 percent of the entity's gross income during the shorter of- (1) The three-year period ending on December 31 of the year preceding the year in which the determination is made; (2) The period during which the entity has been in existence before the determination is made. ) Income attributable to holding financial assets and related financial services Income attributable to holding financial assets and related financial services means custody, account maintenance, and transfer fees; commissions and fees earned from executing and pricing securities transactions; income earned from extending credit to customers with respect to financial assets held in custody by the entity (or acquired through such extension of

45 Part X-3 Definitions (Contd.) credit); income earned on the bid-ask spread of financial assets; fees for providing financial advice with respect to financial assets held in (or potentially to be held in) custody by the entity; and fees for clearance and settlement services) Investment entity : Conducts a business or operates for or on behalf of a customer for any of the following activities- Trading in money market instruments, foreign exchange,foreign currency,etc. Individual or collective portfolio management Investing, administering or managing funds,money or financial asset on behalf of other persons. Insurance company: Entity issuing insurance products i.e. life insurance or cash value products. Holding company or treasury company: Is an entity that is a holding company or treasury centre that is a part of an expanded affiliate group that includes a depository, custodial institution, specified insurance company or investment entity B. Non-financial foreign entity (NFFE)- Foreign entity that is not a financial institution (including a territory NFFE) Types of NFFEs excluded from FATCA reporting are: : Publicly traded corporation (listed company) The stock of such corporation is regularly traded on one or more established securities markets Related entity of a listed company The entity identified is a member of the same expanded affiliate group as an entity the stock of which is regularly traded on an established securities market; Active NFFE : (is any one of the following): Less than 50 percent of the NFFE s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 percent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income; The NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory; The NFFE is a government (other than the U.S. government), a political subdivision of such government (which, for the avoidance of doubt, includes a state, province, county, or municipality), or a public body performing a function of such government or a political subdivision thereof, a government of a U.S. Territory, an international organization, a non-u.s. central bank of issue, or an Entity wholly owned by one or more of the foregoing; Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an entity shall not qualify for NFFE status if the entity functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes; The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFFE; The NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a Financial Institution; The NFFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution; Any NFFE is a non for profit organization which meets all of the following requirements: 3. Other definitions It is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organization, business league, chamber of commerce, labor organization, agricultural or horticultural organization, civic league or an organization operated exclusively for the promotion of social welfare; It is exempt from income tax in its jurisdiction of residence; It has no shareholders or members who have a proprietary or beneficial interest in its income or assets; The applicable laws of the NFFE s jurisdiction of residence or the NFFE s formation documents do not permit any income or assets of the NFFE to be distributed to, or applied for the benefit of, a private person or non-charitable Entity other than pursuant to the conduct of the NFFE s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the NFFE has purchased; and The applicable laws of the NFFE s jurisdiction of residence or the NFFE s formation documents require that, upon the NFFE s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profit organization, or escheat to the government of the NFFE s jurisdiction of residence or any political subdivision thereof. Expanded affiliated group Expanded affiliated group is defined to mean one or more chains of members connected through ownership (50% or more, by vote or value, as the case may be) by a common parent entity if the common parent entity directly owns stock or other equity interests meeting the requirements in at least one of the other members. Generally, only a corporation shall be treated as the common parent entity of an expanded affiliated group, Passive NFFE The term passive NFFE means any NFFE that is not (i) an Active NFFE (including publicly traded entities or their related entities), or (ii) a withholding foreign partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations. Passive income The term passive income means the portion of gross income that consists of- (1) Dividends, including substitute dividend amounts; (2) Interest (3) Income equivalent to interest, including substitute interest and amounts received from or with respect to a pool of insurance contracts if the amounts received depend in whole or part upon the performance of the pool; (4) Rents and royalties, other than rents and royalties derived in the active conduct of a trade or business conducted, at least in part, by employees of the NFFE (5) Annuities (6) The excess of gains over losses from the sale or exchange of property that gives rise to passive income described in this section (7) The excess of gains over losses from transactions (including futures, forwards, and similar transactions) in any commodities, but not including - (i) Any commodity hedging transaction, determined by treating the entity as a controlled foreign corporation; or

46 Part X-3 Definitions (Contd.) (ii) Active business gains or losses from the sale of commodities, but only if substantially all the foreign entity s commodities are property (8) The excess of foreign currency gains over foreign currency losses (9) Net income from notional principal contracts (10) Amounts received under cash value insurance contracts (11) Amounts earned by an insurance company in connection with its reserves for insurance and annuity contracts Controlling persons Controlling persons are natural persons who exercise control over an entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust. In the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term Controlling Persons shall be interpreted in a manner consistent with the Financial Action Task Force recommendations. Pursuant to guidelines on identification of Beneficial Ownership issued vide SEBI circular no. CIR/MIRSD/2/2013 dated January 24, 2013, investors (other than Individuals) are required to provide details of Ultimate Beneficial Owner(s) ( UBO ). The Ultimate Beneficial Owner means Natural Person, who, whether acting alone or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of / entitlements to: i. More than 25% of shares or capital or profits of the juridical person, where the juridical person is a company; ii. More than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; or iii. More than 15% of the property or capital or profits of the juridical person, where the juridical person is an unincorporated association or body of individuals. In case of a Trust, the settler of the trust, the trustees, the protector, the beneficiaries with 15% or more of interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership is considered as the UBO. The provisions w.r.t. Identification of UBO are not applicable to the investor or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company.

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48 Declaration for Ultimate Beneficial Ownership [UBO] (Mandatory for Non-individual Applicant/Investor) To be filled in BLOCK LETTERS (Please strike off section(s) that is/are not applicable) Part I: Applicant/Investor details: Investor Name: PAN Part II: Listed Company / its subsidiary company [Part III Details NOT APPLICABLE] (i) I/ We hereby declare that - Our company is a Listed Company listed on recognized stock exchange in India Our company is a subsidiary of the Listed Company Our company is controlled by a Listed Company (ii) Details of Listed Company^ Stock Exchange on which listed Security ISIN ^The details of holding/parent company to be provided in case the applicant/investor is a subsidiary company. Part III: Non-individuals other than Listed Company / its subsidiary company (i) Category [ü applicable category]: Unlisted Company Partnership Firm Limited Liability Partnership Company Unincorporated association / body of individuals Public Charitable Trust Religious Trust Private Trust Trust created by a Will Others [please specify] (ii) Details of Ultimate Beneficiary Owners: (In case the space provided is insufficient, please provide the information by attaching separate declaration forms) Sr. No. Name of UBO [Mandatory] PAN or any other valid ID proof for those where PAN is not applicable [Mandatory] Position / Designation [to be provided wherever applicable] Applicable Period UBO Code [Mandatory] [Refer instruction 3] KYC (Yes/No) [Please attach KYC acknowledgement copy] [Refer instruction 2] Attached documents should be self-certified by the UBO and certified by the Applicant/Investor Authorized Signatory/ies. Part IV: Declaration I/We acknowledge and confirm that the information provided above is/are true and correct to the best of my/our knowledge and belief. In the event any of the above information is/are found to be false/incorrect and/or the declaration is not provided, then the AMC/Trustee/Mutual Fund shall reserve the right to reject the application and/or reverse the allotment of units and the AMC/Mutual Fund/Trustee shall not be liable for the same. I/We hereby authorize sharing of the information furnished in this form with all SEBI Registered Intermediaries and they can rely on the same. In case the above information is not provided, it will be presumed that applicant is the ultimate beneficial owner, with no declaration to submit. I/We also undertake to keep you informed in writing about any changes/modification to the above information in future and also undertake to provide any other additional information as may be required at your end. Authorized Signatories [with Company/Trust/Firm/Body Corporate seal] Date: D D M M Y Y Y Y Place:

49 General Information & Instructions As per SEBI Master Circular No. CIR/ISD/AML/3/2010 dated December 31, 2010 regarding Client Due Diligence policy, related circulars on anti-money laundering and SEBI circular No.CIR/MIRSD/2/2013 dated January 24, 2013, non-individuals and trusts are required to provide details of ultimate beneficiary owner [UBO] and submit appropriate proof of identity of such UBOs. The beneficial owner has been defined in the circular as the natural person or persons, who ultimately own, control or influence a client and/or persons on whose behalf a transaction is being conducted, and includes a person who exercises ultimate effective control over a legal person or arrangement. 1. Ultimate Beneficiary Owner [UBO]: A. For Investors other than individuals or trusts: (i) The identity of the natural person, who, whether acting alone or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest. Controlling ownership interest means ownership of/ entitlement to: Investors, may be guided by the clarifications issued vide SEBI circular CIR/MIRSD/11/2012 dated September 5, 2012, for the purpose of identification of beneficial ownership of the client. 2. KYC requirements Beneficial Owner(s) is/are required to comply with the prescribed KYC process as stipulated by SEBI from time to time with any one of the KRA & submit the same to AMC. KYC acknowledgement proof is to be submitted for all the listed Beneficial Owner(s). 3. UBO Codes: UBO Code Description UBO-1 Controlling ownership interest of more than 25% of shares or capital or profits of the juridical person [Investor], where the juridical person is a company (ii) - more than 25% of shares or capital or profits of the juridical person, where the juridical person is a company; - more than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; - more than 15% of the property or capital or profits of the juridical person, where the juridical person is an unincorporated association or body of individuals. In cases where there exists doubt under clause (i) above as to whether the person with the controlling ownership interest is the beneficial owner or where no natural person exerts control through ownership interests, the identity of the natural person exercising control over the juridical person through other means like through voting rights, agreement, arrangements or in any other manner. (iii) Where no natural person is identified under clauses (i) or (ii) above, the identity of the relevant natural person who holds the position of senior managing official. B. For Investors which is a trust: The identity of the settler of the trust, the trustee, the protector, the beneficiaries with 15% or more interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership. UBO-2 UBO-3 UBO-4 UBO-5 UBO-6 UBO-7 UBO-8 UBO-9 Controlling ownership interest of more than 15% of the capital or profits of the juridical person [Investor], where the juridical person is a partnership Controlling ownership interest of more than 15% of the property or capital or profits of the juridical person [Investor], where the juridical person is an unincorporated association or body of individuals Natural person exercising control over the juridical person through other means exercised through voting rights, agreement, arrangements or in any other manner [In cases where there exists doubt under UBO-1 to UBO - 3 above as to whether the person with the controlling ownership interest is the beneficial owner or where no natural person exerts control through ownership interests] Natural person who holds the position of senior managing official [In case no natural person cannot be identified as above] The settlor(s) of the trust Trustee(s) of the Trust The Protector(s) of the Trust [if applicable]. The beneficiaries with 15% or more interest in the trust if they are natural person(s) C. Exemption in case of listed companies / foreign investors The client or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company, it is not necessary to identify and verify the identity of any shareholder or beneficial owner of such companies. Intermediaries dealing with foreign investors viz., Foreign Institutional Investors, Sub Accounts and Qualified Foreign UBO-10 Natural person(s) exercising ultimate effective control over the Trust through a chain of control or ownership. For any queries / clarifications, Please contact the nearest Investor Service Centres (ISCs) of the AMC at toll free number or to us: customerservice@axismf.com or on our website

50 Flexible SIP (Flex SIP) ONE TIME BANK MANDATE (NACH / ECS / Direct Debit Mandate Form) (Applicable for New and Existing SIP Registration) Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. ID Distributor ARN Sub-Distributor ARN Sol ID / Internal Sub-Broker First / Sole Applicant / Guardian OR Employee Code ARN ARN E First Name Middle Name Last Name For receiving statements over instead of post EUIN Serial No., Date & Time Stamp Second Applicant Third Applicant Power of Attorney Holder TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY I confirm that I am a first time investor across Mutual Funds. I confirm that I am an existing investor in Mutual Funds. In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subcription amount and payable to the Distributor. Units will be issued against the balance amount invested. 1 APPLICANT'S PERSONAL DETAILS (MANDATORY) Application Form No. (For New Applicants) Sole / 1st Unitholder Folio No. (For Existing Unit holders) PAN 1st Applicant 2nd Applicant 3rd Applicant Enclose 2 Attested PAN card KYC Letter Attested PAN card KYC Letter Attested PAN card KYC Letter SIP INSTALLMENT AMOUNT Min. installment Amount Note : Please mention minimum & maximum SIP amount on the space provided above. Max. instalment Amount 3 DECLARATION AND SIGNATURE (To be signed by ALL UNIT HOLDERS if mode of holding is joint ) Date D D M M Y Y I / We declare that the particulars furnished here are correct. I / We authorise Axis Mutual Fund acting through its service providers to debit my / our bank account towards payment of SIP instalments through an Electronic Debit arrangement. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/we would not hold the user institution responsible. I/We will also inform Axis Mutual Fund about any changes in my bank account. This is to inform you that I/We have registered for making payment towards my investments in AXISMF by debit to my /our account directly or through ECS (Debit Clearing). I/We hereby authorize to honour such payments and have signed and endorsed the Mandate Form. Further, I authorize my representative (the bearer of this request) to get the above Mandate verified. Mandate verification charges, if any, may be charged to my/our account. I also hereby agree to read the respective SID and SAI of the mutual fund before investing in any scheme of Axis Mutual Fund using this facility. X Sole/ 1st Unit Holder / POA X 2nd Unit Holder Date D D M M Y Y (To be signed by all holders if mode of operation of Bank Account is Joint ) ATTESTED BY THE BANKER (Mandatory, if your First SIP Installment is through a Demand Draft / Pay Order) I / We certify that the signature of account holder(s) and the bank account details are correct as per our records. X 3rd Unit Holder Stamp & Signature FOR OFFICE USE ONLY (not to be filled in by investor) Recorded on D D M M Y Y Recorded by Credit A/c No. We confirm that we have taken the above ECS / Auto Debit instructions on our records. Stamp of Bank Branch Manager Signature Name UMRN Date D D M M Y Y Tick ( ) Sponsor Bank Code Utility Code CREATE MODIFY I/We hereby authorize Axis Mutual Fund to debit (tick ) SB CA CC SB-NRE SB-NRO Other CANCEL Bank a/c number with Bank Name of customers bank IFSC or MICR an amount of Rupees FREQUENCY Mthly Qtly H-Yrly Yrly As & when presented DEBIT TYPE ` Fixed Amount Maximum Amount Reference 1 Folio No. Phone No. Reference 2 Scheme Name ID PERIOD From To D D M M Y Y Y Y D D M M Y Y Y Y Signature Primary Account holder Signature of Account holder Signature of Account holder Or Until Cancelled 1. Name as in bank records This is to confirm that the declaration has been carefully read, understood & made by me/us 2. Name as in bank records 3. Name as in bank records

51 1) The Flex SIP is available only in Growth option of the target scheme. 2) One Flex SIP Enrollment Form can be filled for investment in one Scheme/Plan only. 3) The maximum amount must mention in Bank Mandated form. FLEX SYSTEMATIC INVESTMENT PLAN (F-SIP) 4) The minimum amount (base amount) and maximum amount must mention in SIP application form, where space provided. 5) In case of valid forms received, indicating choice of option other than the Growth Option in the Target Scheme, it will be deemed as the Growth Option in the Target Scheme and processed accordingly. 6) Flex SIP facility offers for monthly and Yearly Frequency. 7) Calculation of Flex SIP Installment. Fixed amount as per installment; or The amount determined by the formula: (fixed amount to be transferred per installment X number of Installments including the current installment) market value of the investments through Flex SIP. Whichever is higher. 8) The installment value of FLEX SIP determined on the basis of NAV on 10th day (T-10) before the installment date. If T-10th falls on a Non-Business day or falls during a book closure period, then valuation will be done on T-11th day. 9) The minimum number of installments and amount under Flex SIP Frequency under F-SIP Facility Minimum Installments Minimum F-SIP amount Monthly 12 Installments for all schemes (Except Axis Long Term Equity Fund) ` 1,000/- and in multiple of `1/ - for all schemes (Except Axis Long Term Equity Fund) 6 Installments for Axis Long Term Equity Fund ` 500/- and in multiples of ` 500/- for Axis Long Term Equity Fund Yearly 3 Installments for all schemes ` 12,000/- and in multiple of ` 1/- for all schemes and ` 6,000/- and in multiple of ` 500/- for Axis Long Term Equity Fund 10) In case the Start Date is mentioned but End Date is not mentioned, the application will be registered for the minimum number of installments. 11) A minimum gap of 25 days needs to be maintained between the first and second SIP installments. 12) Investors can discontinue a SIP at any time by sending a written request to any Official Point of Acceptance or to the registrar Karvy. Notice of such discontinuance should be received at least 20 days prior to the due date of the next installment / debit. 13) In case payment is made using At Par cheques, investors must mention the MICR number of his actual bank branch. 14) An Investor will not hold Axis Mutual Fund, its registrars and / or service providers responsible if a transaction is delayed or not effected, or the investor bank account is debited in advance or after the specific SIP date because of the various clearing cycles of RBI s Electronic Clearing Facility (ECS). Axis Mutual Fund, its registrars and other service providers shall not be held responsible or liable for damages / compensation / loss incurred by the investor as a result of using the SIP and / or ECS facility. 15) If the period is not specified by the unit older then the SIP enrollment will be deemed to be for perpetuity and processed accordingly.

52 FLEXIBLE SYSTEMATIC TRANSFER PLAN (Flex STP) Date D D M M Y Y Distributor ARN Sub-Distributor ARN Sol ID / Internal Sub-Broker Employee Code EUIN Serial No., Date & Time Stamp ARN ARN E Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker. First / Sole Applicant / Guardian Second Applicant Third Applicant Power of Attorney Holder EXISTING FOLIO NUMBER OR APPLICATION NO. PAN (mandatory) Enclosed PAN Proof KYC Acknowledgment letter FLEXIBLE SYSTEMATIC TRANSFER PLAN (Flex STP) (To be submitted at least 7 days before the 1st due date for transfer). From Scheme Plan Option (tick ) Growth Dividend Reinvestment Dividend Payout Bonus Dividend Frequency Plan Existing Direct Retail To Scheme Plan Option (tick ) Growth (Ref. Instruction 7) Plan Existing Direct Flexible Systematic Transfer Plan (Flex STP) Transfer Frequency (Please tick ( ) any one of the below frequencies) Fortnightly (Every Alternate Wednesday) Monthly $ 1st 7th 10th 15th 25th Quarterly $ Transfer Instalment ` Total Transfer ` No. of Instalments OR Transfer Period From D D M M Y Y D D M M Y Y (First Instalment) (Last Instalment) $ Ref Instruction 10. Please refer to the Scheme Information Documents of respective schemes for Flex STP availability. Flex STP out available and registered under Axis Long Term Fund, only For the Units which are Free of 3 years lock-in. Having read and understood the contents of the Scheme Information Document of the Scheme(s), I / we hereby apply for units of the Scheme(s) and agree to abide by the terms, conditions, rules and regulations governing the Scheme(s). I/ We hereby declare that the amount invested in the Scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I / We have understood the details of the Scheme(s) & I / we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I / We confirm that the funds invested in the Scheme(s), legally belong to me / us. In the event "Know Your Customer" process is not completed by me / us to the satisfaction of the Mutual Fund, I / we hereby authorise the Mutual Fund, to redeem the funds invested in the Scheme(s), in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the Law. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. For NRIs only: I / We confirm that I am / we are Non Residents of Indian nationality / origin and that I / we have remitted funds from abroad through approved banking channels or from funds in my / our Non-Resident External / Non-Resident Ordinary / FCNR account. I / We confirm that details provided by me / us are true and correct. First / Sole Applicant / Guardian Second Applicant Third Applicant POA Holder

53 Flex STP Enrolment Form - Instruction 1. The Flex STP Enrolment Form should be completed in English and in Block Letters only. Please tick in the appropriate box, where boxes have been provided. The Flex STP Enrolment Form complete in all respects, should be submitted at any of the Official Points of Acceptance of Axis Mutual Fund. 2. Investors are advised to read the Key Information Memorandum(s) (KIMs) and Scheme Information Document(s) (SIDs) of the Transferee Scheme(s) and Statement of Additional Information (SAI) carefully before investing. The SIDs / KIMs of the respective Scheme(s) and SAI are available with the ISCs of Axis Mutual Fund, brokers/distributors and also displayed at the Axis Mutual Fund website i.e Unit holders should note that unit holders details and mode of holding (single, joint, anyone or survivor) in the Transferee Scheme will be as per the existing folio number of the Transferor Scheme, Units will be allotted under the same folio number. Unit holders names should match with the details in the existing folio number, failing which; the application is liable to be rejected. 4. The Flex Systematic Transfer Plan ( Flex STP ) is a facility wherein Unit holder(s) of designated openended Scheme(s) of Axis Mutual Fund can opt to transfer variable amount(s) linked to value of investments under Flex STP on the date of transfer at predetermined intervals from designated openended Scheme(s) of Axis Mutual Fund ( Source Scheme ) to the Growth Option of designated openended Scheme(s) (Target Scheme). 5. The provision of Minimum Redemption Amount as specified in the Scheme Information Document(s) of the respective designated Transferor Schemes and Minimum Application Amount specified in the Scheme Information Document(s) of the respective designated Transferee Schemes will not be applicable for Flex STP. 6. Unit holders are required to fill in either the number of installments or the enrolment period in the enrolment Form, failing which the Form is liable to be rejected. 7. The Flex Systematic Transfer is available only in Growth option of the target scheme. Please ref. below table for calculation No. of Installment Month NAV per Unit (Rs.) Market Value (Rs.) 8. One Flex STP Enrollment Form can be filled for transfer into one Scheme/Plan only. 9. In case of valid enrollment forms received, indicating choice of option other than the Growth Option in the Target Scheme, it will be deemed as the Growth option in the Target Scheme and processed accordingly. 10. Flex STP offers transfer facility at Fortnightly, Monthly and quarterly intervals. Unit holder is free to choose the frequency of such transfers. If frequency is not mentioned in request, Monthly frequency shall be treated as the default frequency and 10th shall be treated as default date. 11. Under Flex STP, the amount to be transferred in the Transferee Scheme on the date of transfer shall be higher of: Fixed amount to be transferred per installment; or The amount determined by the formula: (fixed amount to be transferred per installment X number of installments including the current installments market value of the investments through Flex STP. Illustration: Flex STP that transfers Rs. 3,000/- every month from the Debt Fund to an Equity Fund. Transferor Scheme: Transferee Scheme: Date & Frequency of Flex STP : Axis Income Saver Amount of Transfer per Installment: Rs 3,000/- Number of Installments: 12 Axis Equity Fund - Growth Option 10th date - Monthly Interval Enrolment Period : January to December 2014 Note: The Flex STP installment dates above are assumed to be Business Days. 1 January , February , , March , , April , , May , , June , , July , , August , , September , , October , , November , , December , Amount Invested' (Rs.) Cumulative Amount Invested (Rs.) Units Bought Cumulative Units Bought Net Average Cost per Unit (Rs.) Calculation of Flex STP A. Second installment i.e. February 10, 2014: a. Total 300 units allotted up to the date of last installment i.e. January 10, 2014 b. The NAV of AXIS Equity Fund - Growth Option on February 10, 2014 is assumed as Rs 12/- per unit; c. Hence the market value of the investment in the Target/ Transferee Scheme on the date of transfer is Rs. 3,600[300 X 12] Fixed Amount Specified at the time of enrolment Rs 3000/- or As determined by the formula = (3,000 X 2) - 3,600 = Rs 2,400/- Whichever is higher : Hence, on February 10, 2014, the installment amount transferred to the Transferee Scheme / debited to the investor s account will be Rs. 3,000. B. Fourth installment i.e. April 10, 2014: a. Total units allotted up to the date of last installment i.e. March 10, 2014 is assumed as ; b. NAV of AXIS Equity Fund - Growth Option on April 10, 2014 is assumed as Rs 9/- per unit; c. Hence the market value of the investment in the Target / Transferee Scheme on the date of transfer is Rs 7, [822.73X 9] Fixed Amount Specified at the time of enrolment Rs 3000/- or As determined by the formula = (3,000 X 4) - 7, = Rs. 4,595 Whichever is higher : Hence, on April 10, 2014, the installment amount transferred to the Transferee Scheme / debited to the investor s account will be Rs. 4, In case the amount (as specified above) to be transferred is not available in the Sources Scheme in the unit holder s account, the residual amount will betransferredto the Target Scheme and Flex STP will be closed. 13. The minimum number of installments for enrollment and Amount under Flex SIP. Frequency under Flex STP Facility Minimum Installments Minimum Flex STP amount*(rs.) Fortnightly (Alternate Wednesday) 6 1, Monthly (1st, 7th,10th,15th or 25th) 6 1, Quarterly (1st, 7th,10th,15th or 25th) 2 3, *For Axis Long Term Equity Fund minimum amount of Rs. 500/- for all frequencies and thereafter in multiples of Rs. 500/-. Note: - Flex STP out under Axis Long Term Equity Fund for those investments which have completed lock in period of 3 years. 14. In case the Start Date is mentioned but End Date is not mentioned, the application will be registered for the minimum number of installments. 15. The application for Flex STP enrolment - Monthly & Quarterly Interval should be submitted at least 7 Days and not more than 90 days before the desired commencement date. 16. A minimum period of 7 working days shall be required for registration under Flex STP. Units will be allotted/redeemed at the applicable NAV of the respective dates of the Scheme on which such investments/withdrawals are sought from the Scheme. 17. The AMC reserves the right to introduce Flex STPs at any other frequencies or on any other dates as the AMC may feel appropriate from time to time. In the event that such a day is a Holiday, the transfer would be affected on the next Business Day. 18. The requests for discontinuation of Flex STP shall be subject to an advance notice of 15 days before the next due date for Flex STP. 19. Flex STP will terminate automatically if all Units are liquidated or withdrawn from the account or upon the Funds receipt of notification of death or incapacity of theunit holder. Further, in case where the balance amount in a folio is less than the Flex STP amount, the entire amount will be transferred to the transferee scheme. 20. If Flex STP date/day is a non-business Day, then the next Business Day shall be the Flex STP Date / Day and the same will be considered for the purpose of determining the applicability of NAV. 21. The Trustee reserves the right to change/modify the terms and conditions of the Flex STP. For the updated terms and conditions of Flex STP, contact the nearest ISC or visit our website

54 MULTIPLE BANK ACCOUNTS REGISTRATION FORM Application No. Existing Folio Number Name of Sole/ First Unit Holder (For Existing Unit Holders) PAN (mandatory) A. ADDITION OF BANK ACCOUNTS Please register my/our following bank accounts for all investments in my/our folio. I/we understand that I/we can choose to receive payment proceeds in any of these accounts, by making a specific request in my/our redemption request. I/We understand that the bank accounts listed below shall be taken up for registration in my/our folio in the order given below and the same shall be registered only if there is a scope to register additional bank accounts in the folio subject to a maximum of five in the case of individuals and ten in the case of non individuals. For each bank account, Investors should produce original for verification or submit originals of the documents mentioned below. 1. Name of Bank Branch City State Account No. Account Type Current Savings NRO NRE FCNR Others (specify) MICR code* IFSC code** *9 digit code on your cheque next to the cheque number. **11 digit code printed on your cheque. Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate 2. Name of Bank Branch City State Account No. Account Type Current Savings NRO NRE FCNR Others (specify) MICR code* IFSC code** *9 digit code on your cheque next to the cheque number. **11 digit code printed on your cheque. Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate 3. Name of Bank Branch City State Account No. Account Type Current Savings NRO NRE FCNR Others (specify) MICR code* IFSC code** *9 digit code on your cheque next to the cheque number. **11 digit code printed on your cheque. Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate 4. Name of Bank Branch City State Account No. Account Type Current Savings NRO NRE FCNR Others (specify) MICR code* IFSC code** *9 digit code on your cheque next to the cheque number. **11 digit code printed on your cheque. Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate 5. Name of Bank Branch City State Account No. Account Type Current Savings NRO NRE FCNR Others (specify) MICR code* IFSC code** *9 digit code on your cheque next to the cheque number. **11 digit code printed on your cheque. Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate

55 B. DEFAULT BANK ACCOUNT Among the bank accounts registered with withus or mentioned overleaf, please register the following bank account as a default bank account into which future redemption and/or dividend proceeds, if any of the overleaf mentioned folio will be paid: Bank Account No. Bank Name SIGNATURES (To be signed by ALL UNITHOLDERS if mode of operation is JOINT. In case of non-individual Unit holders, to be signed by AUTHORISED SIGNATORIES) Sole / First Applicant / Unit holder Second Applicant / Unit holder Third Applicant / Unit holder C. DELETION OF BANK ACCOUNTS Please delete the following Bank accounts as registered accounts from my/our folio mentioned overleaf. Account No. Account No. Account No. Bank Name Bank Name Bank Name Account No. Bank Name Deletion of a default bank account is not permitted unless the investor mentions another registered bank account as a default account in Part B of this Form. I / We have read and understood the terms and conditions given below for registration of / change to multiple bank accounts. I / We understand that my / our application form is liable to be rejected if it is not filled as per the details required herein and in case the correct and complete supporting documents are not provided by me / us. I / We hereby declare that the particulars given above are correct and express my / our willingness to receive credit of Dividend / redemption proceeds through the mode indicated above. SIGNATURES (To be signed by ALL UNIT HOLDERS if mode of operation is JOINT. In case of non-individual Unit holders, to be signed by AUTHORISED SIGNATORIES Sole / First Applicant / Unit holder Second Applicant / Unit holder Third Applicant / Unit holder Instructions and Terms and Conditions: 1. This facility allows a unit holder to register multiple bank account details for all investments held in the specified folio (existing or new). Individuals/HUF can register upto 5 different bank accounts for a folio by using this form. Non-individuals can register upto 10 different bank accounts for a folio. For registering more than 5 accounts, please use extra copies of this form. 2. Please enclose a cancelled cheque leaf for each of such banks accounts. This will help in verification of the account details and register them accurately. The application will be processed only for such accounts for which cancelled cheque leaf is provided. Accounts not matching with such cheque leaf thereof will not be registered. 3. If the bank account number on the cheque leaf is handwritten or investor name is not printed on the face of the cheque, bank account statement or pass book or a bank certificate or a letter from the bank giving the name, address and the account number should be enclosed. If photocopies are submitted, investors must produce original for verification. The bank certificate should be certified by the bank manager with his / her name, signature, employee code, bank seal and contact Number. 4. Bank account registration/deletion request will be accepted and processed only if all the details are correctly filled and the necessary documents are submitted. The request is liable to be rejected if any information is missing or incorrectly filled or if there is deficiency in the documents submitted. 5. The first/sole unit holder in the folio should be one of the holders of the bank account being registered. 6. The investors can change the default bank account by submitting this form. In case multiple bank accounts are opted for registration as default bank account, the mutual fund retains the right to register any one of them as the default bank account. 7. A written confirmation of registration of the additional bank account details will be dispatched to you within 10 calendar days of receipt of such request. 8. If any of the registered bank accounts are closed/ altered, please intimate the AMC in writing of such change with an instruction to delete/alter it from of our records. 9. The Bank Account chosen as the primary/default bank account will be used for all Redemption payouts/ Dividend payouts. At anytime, investor can instruct the AMC to change the default bank account by choosing one of the additional accounts already registered with the AMC. 10. If request for redemption received together with a change of bank account or before verification and validation of the new bank account, the redemption request would be processed to the currently registered default (old) bank account. 11. If in a folio, purchase investments are vide SB or NRO bank account, the bank account types for redemption can be SB or NRO only. If the purchase investments are made vide NRE account(s), the bank accounts types for redemption can be SB/ NRO/ NRE. 12. The registered bank accounts will also be used to identify the pay-in proceeds. Hence, unit holder(s) are advised to register their various bank accounts in advance using this facility and ensure that payments for ongoing purchase transactions are from any of the registered bank accounts only, to avoid fraudulent transactions and potential rejections due to mismatch of pay-in bank details with the accounts registered in the folio. 13. Kindly use section C (deletion of bank accounts) to delete a registered bank account. Investor shall not be able to delete a default bank account unless he/she registers another account as a default account. Axis Asset Management Company Limited Investment Manager to Axis Mutual Fund Axis House, First Floor, Wadia International Center, Pandurang Budhkar Marg, Worli, Mumbai , India. TEL FAX / TOLL FREE : WEB customerservice@axismf.com

56 APPLICATION FORM FOR CHANGE IN BANK ACCOUNT & CONTACT DETAILS To, Axis Asset Management Limited Date D D M M Y Y I / We wish to change the bank details in my / our folio as mentioned below. 1. UNIT HOLDER INFORMATION Folio Number PAN Number Sole / First Unit Holder Scheme City Plan City Option City 2. APPLICABILITY OF THE CHANGE IN BANK DETAILS (Please tick any one) All Schemes Specific Scheme (Please mentioned the scheme name below) Scheme na 3. OLD BANK DETAILS Bank Name A/c Type Bank A/c No. Current Savings NRO NRE FCNR Others Specify Branch Address Pin City IFSC Code (11 digit)* MICR Code (9 digit)* *Mentioned on your cheque leaf 4. NEW BANK DETAILS Bank Name A/c Type Bank A/c No. Current Savings NRO NRE FCNR Others Specify Branch Address Pin City IFSC Code (11 digit)* MICR Code (9 digit)* *Mentioned on your cheque leaf 5. DOCUMENTS TO BE SUBMITED BY INVESTOR New bank details (Any one of the following) A cancelled original cheque leaf/self attested copy of cancelled cheque* Photocopy of bank passbook or bank account statement (Having entries not older than 3 months) Letter from the bank Existing bank details (Any one of the following) A cancelled original cheque leaf/self attested copy of cancelled cheque* Photocopy of bank passbook or bank account statement (Having entries not older than 3 months) Letter from the bank *Account number and name of the first unit holder should be printed on the face of the cheque 6. NEW CONTACT DETAILS STD Code Tel (Office) Tel (Resi) ID Fax Mobile UNIT HOLDER(S) SIGNATURE(S) I/We hereby declare that particulars given above are correct and express my willingness to receive credit of Dividend / Redemption proceedsin the new bank details mentioned above. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/we would not hold Axis Mutual Fund / Axis Asset Management Company Limited, its registrars and other service providers responsible. I/we will also inform Axis Mutual Fund / Axis Asset Management Company Limited about any changes in my/our bank account. SIGNATURE(S) (To be signed by ALL UNIT HOLDERS if mode of holding is Joint ) First Unit Hol nit Holder ACKNOWLEDGMENT SLIP (To be filled in by the investor) Received, subject to verification request for: Change of bank mandate Change / updation of contact details From Folio Number Name of the account holder(s) ISC Stamp & Signature

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