KEY INFORMATION MEMORANDUM AND APPLICATION FORM Riskometer

Transcription

1 Axis Asset anagement Company Limited (Investment anager) KE INFORATION EORANU AN APPLICATION FOR Axis Fixed Term Plan - Series 95 (1185 ays) Riskometer *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Low LOW High This product is suitable for investors who are seeking* Optimal returns over medium to long term Investment in debt and money market instruments maturing on or before the maturity of the scheme y oderate od e Hig rate h ly el rat de o Low (A close ended debt scheme) HIGH Investors understand that their principal will be at moderate risk Offer for units of ` 10 per unit during the New Fund Offer New Fund Offer Opens on: June 27, 2018 New Fund Offer Closes on: July 03, 2018 This Key Information emorandum (KI) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/utual Fund, due diligence certificate by the AC, Key Personnel, investors rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information ocument 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 (utual 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 KI. The Units of the Scheme will not be available for Subscription / Switch-in after the closure of NFO period. The Units of the Scheme will be listed on the BSE/ any other Stock Exchange. Investors can purchase / sell Units on a continuous basis on the Stock Exchange(s) on which the Units are listed. As the Units are listed on the Stock Exchange, the Scheme will not provide redemption facility until the date of aturity. The utual Fund or AC and its empanelled brokers have not given and shall not give any indicative portfolio and indicative yield in any communication, in any manner whatsoever. Investors are advised not rely on any communication regarding indicative yield/portfolio with regard to the scheme. BSE isclaimer: It is to be distinctly understood that the permission given by BSE Ltd. should not in any way be deemed or construed that the Scheme Information ocument has been cleared or approved by BSE Ltd. nor does it certify the correctness or completeness of any of the contents of the Scheme Information ocument. The investors are advised to refer to the Scheme Information ocument for the full text of isclaimer Clause of BSE Ltd. This document is dated : June 15, 2018 Name of scheme Investment Objective aturity of the Scheme Asset Allocation Pattern of the Scheme Investment Strategy of the Scheme Axis Fixed Term Plan - Series 95 (1185 ays) (A close ended debt scheme) The Scheme will endeavour to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the scheme. 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 ays from the date of allotment (including the date of allotment.) If the maturity / payout date falls on a non business day, the maturity / payout date shall be the next business day. Under normal circumstances, the asset allocation pattern will be: Types of Instruments Indicative Allocation (% of net assets) ebt Instruments*(@) % oney arket Instruments 0-20% *securitized debt up to 50% of the net assets of the Scheme. The Scheme shall not invest in foreign securitized Includes Cs issued by All India Financial Institutions recognized by RBI, such as NABAR, SIBI, Exim Bank, NHB for tenors in excess of one year. Investment in erivatives up to 50% of the net assets of the Scheme(s). Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time. The cumulative gross exposure through debt(including money market instruments) 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. The Scheme may undertake repo transactions in corporate debt securities in accordance with the directions issued by RBI and SEBI from time to time. Such investment shall be made subject to the guidelines which may be prescribed by the Board of irectors of the Asset anagement Company and Trustee Company. The Scheme shall not participate in Credit efault Swaps and foreign securities. 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 debt, oney arkets Instruments and units of mutual funds. The fund manager can use erivative instruments to protect the downside risk. Pending deployment of the funds in securities the Scheme may invest in short term deposits of the Scheduled Commercial Banks, subject to the guidelines issued by SEBI. The net assets of the Scheme will be invested in ebt & oney market instruments maturing on or before the maturity date of the Scheme. The fund manager will invest in debt & money market instruments maturing on or before the maturity date of the scheme with the securities objective of limiting interest rate volatility. The fund manager will try to allocate assets of the scheme between various fixed income securities (which mature on or before the maturity of the scheme) with an endeavor to achieve optimal risk adjusted returns. Credit evaluation policy: The investment team of the AC will carry out rigorous in depth credit evaluation of the money market and 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. List of sectors the fund would not be investing: Aviation and gems & jewellery. Floors and ceilings within a range of 5% of the intended allocation (in %) against each sub asset class/rating: As per the regulations, the scheme is allowed to invest within a range of 5% of the intended allocation (floor and cap) against each sub asset class/credit rating. Instruments Credit Rating AAA A1+ AA A BBB Not applicable Cds Cps NCs/ Bonds@ Securitised ebt Government of India dated Securities/ State Government Securities CBLO, T-Bills, Cash anagement Bill, Repos 0-5

2 @ Includes Cs issued by All India Financial Institutions recognized by RBI, such as NABAR, SIBI, Exim Bank, NHB for tenors in excess of one year. a) In case of non-availability of instruments (CPs, NCs/ Bonds/ oney arket Instruments, Securitised ebt, erivatives and Bill Rediscounting (BRS) etc.) or adverse risk-reward position, which may prevent the Fund anager from investing in such instruments as per the intended allocation range against each credit rating, in such cases, the fund as an alternate would invest in Cs of highest credit ratings (A1+ or equivalent) / T-bills / cash management bill / CBLOs). Such deviation may exist till suitable instruments of desired credit quality is/ are not available. The Fund may have positive variation in investments towards higher credit rating. b) The Scheme may have higher allocation towards cash or cash equivalents/mutual fund units immediately post NFO closure or towards the maturity of the Scheme. c) All investments will be made on the basis of the rating prevailing at the time of Investment. In the event of any deviation from the floor and ceiling of above intended allocation range, the fund manager will carry out rebalancing within 5 calendar days for scheme(s) having maturity more than 1 month and up to 3 months and within 15 calendar days for scheme(s) having maturity more than 3 months and up to 6 months and within 30 calendar days for scheme(s) having maturity more than 6 months. No deviation is allowed for the scheme(s) having maturity upto 1 month. Where the portfolio is not rebalanced within 5/15/30 calendar days respectively, 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. d) Subsequent to the initial portfolio construction, during the tenure of the Scheme, the above allocation may vary due to instances like (i) Inflows on account of coupons or any corporate actions; (ii) the instrument is called or bought back by the issuer; (iii) in anticipation of any adverse credit event. In such cases, the fund as an alternate would invest in Cs of highest credit ratings (A1+ or equivalent) / T-bills / Cash management bill / CBLOs) over the residual maturity of the scheme or till such time as suitable instruments of desired credit quality is/ are not available. The Fund may have positive variation in investments towards higher credit rating. e) The rating symbols as specified in the above intended allocation range would include modifiers like + (plus) / - (minus) (which reflects the comparative standing within the Category) to each rating symbol viz AA would include AA+ or AA-. In case of securitised debt, the rating will be suffixed with "so". f) If dual ratings are prevailing for any particular instrument in which investment is being made, the Fund would consider the most conservative public available rating for the said instrument, for the purpose of intended allocation range viz if for a particular investment CRISIL has rated it as AAA, but ICRA has rated it as AA then the fund would consider it as AA rated instrument. There shall be no deviation between the intended allocation and actual allocation post the New Fund Offer period other than as explained in point a to d above. Risk Profile of the Scheme utual Fund Units involve investment risks including the possible loss of principal. Please read the SI 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. 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 AC 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 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. Listing of the units of the fund does not necessarily guarantee their liquidity and there can be no assurance that an active secondary market for the units will develop or be maintained. Consequently, the Fund may quote below its face value / NAV. Please refer to the SI for further details. Risk anagement 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. Plans and Options Axis Fixed Term Plan - Series 95 (1185 ays) offers the following Plans: 1. Axis Fixed Term Plan - Series 95 (1185 ays) - Regular Plan 2. Axis Fixed Term Plan - Series 95 (1185 ays) - irect Plan Regular Plan Regular Plan is available for all type of investors investing through istributor. irect Plan irect 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 istributor. All the Plans will have common portfolio. The Scheme offers the following options under each plans: a) Growth b) ividend (ividend Payout Facility) c) Quarterly ividend (ividend Payout facility) d) Half early ividend (ividend Payout facility) ividends may or may not be declared under this option at the discretion of the Trustee. In case of Units held in dematerialized mode, the epositories (NSL/CSL) will give the list of demat account holders and the number of Units held by them in electronic form on the Record date to the Registrars and Transfer Agent of the utual Fund. efault Plan/Option The investor must clearly specify his choice of plan/ option. In the absence of such clear instruction, it will be assumed that the investor has opted for default plan/ option and the application will be processed accordingly. Investors subscribing under irect Plan of a Scheme will have to indicate irect Plan against the Scheme name in the application form e.g. Axis Fixed Term Plan - Series 95 (1185 ays) - irect Plan. Investors should also indicate irect in the ARN column of the application form. The investors may refer to the following table for applicability of irect Plan/ Regular Plan under different scenario: Scenario Broker Code mentioned by the investor Plan mentioned by the investor efault Plan to be captured 1 Not mentioned Not mentioned irect Plan 2 Not mentioned irect irect Plan 3 Not mentioned Regular irect Plan 4 entioned irect irect Plan 5 irect Not entioned irect Plan 6 irect Regular irect Plan 7 entioned Regular Regular Plan 8 entioned Not entioned Regular Plan -2-

3 Applicable NAV inimum Application Amount/ Number of Units espatch of Repurchase (Redemption) Request Benchmark Index ividend Policy Name of the Fund anager Tenure of anaging the Scheme as Fund anager Scheme s portfolio holdings Fund allocation towards various Sectors Website link for onthly Portfolio Holding Portfolio Turnover Name of the Trustee Company Performance of the scheme Expenses of the Scheme In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AC shall reprocess the transaction under irect Plan from the date of application without any exit load. The default option would be growth (i.e. between Growth, ividend, Quarterly ividend & Half early ividend as the case maybe.) Being a close ended Scheme, Investors can subscribe to the Units of the scheme during the New Fund Offer Period only. After close of NFO Period, the Fund will not provide facility for subscription / redemption /switches, and hence cut-off timing and applicable NAV provisions do not apply. In case of switch-out proposed for investing the redemption proceeds in another scheme of the Fund, the switch-out request will be accepted upto 3.00 p.m. on the aturity ate. Purchase Additional Purchase Repurchase ` 5,000 and in multiples of ` 10/- thereafter Not Applicable Not applicable As the Scheme is closed ended scheme, investors will not be able to redeem their units during the tenor of the scheme. Units under the scheme will be compulsorily and without any further act by the Unit holder(s) redeemed on the aturity ate of the scheme. The redemption proceeds shall be dispatched to the unit holders within 10 working days from the aturity ate of the scheme. CRISIL Composite Bond Fund Index The Trustee will endeavor to declare the ividend as specified, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of ividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (F) 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 ividend nor that will the ividend be paid regularly. r. evang Shah Tenure is applicable from the date of inception of the Scheme Not applicable as the scheme is a new fund to be launched Not applicable as the scheme is a new fund to be launched Please visit to obtain Scheme s latest monthly portfolio holding statement. Portfolio turnover ratio: Not applicable as the scheme is a new fund to be launched. Axis utual Fund Trustee Limited This Scheme is a new scheme and does not have any performance track record. (i) (ii) Load Structure For the New Fund Offer Period Entry load: Not applicable SEBI vide its circular no. SEBI/I/CIR No. 4/ /09 dated June 30, 2009 has decided that there shall be no entry Load for all utual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AFI registered istributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder. Exit load : Nil Recurring expenses The recurring expenses of the Scheme (including the Investment anagement and Advisory Fees) shall be as per the limits prescribed under the SEBI (F) Regulations. These are as follows: On the first Rs. 100 crores of the daily net assets % On the next Rs. 300 crores of the daily net assets % On the next Rs. 300 crores of the daily net assets % On the balance of the assets % irect Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of Units will be paid / charged under irect Plan. The TER of the irect Plan will be lower to the extent of at least 5% of the TER which is charged in the Regular Plan. For example, in the event that the TER of the Regular option is 1% p.a., the TER of the irect option would not exceed 0.95% p.a. utual Fund/ACs may charge Goods & Service Tax (GST) on investment and advisory service fees ( AC fees ) in addition to the maximum limit as prescribed in regulation 52 of the SEBI Regulations. Fungibility of expenses: The expenses towards Investment anagement and Advisory Fees under Regulation 52 (2) and the various sub-heads of recurring expenses mentioned under Regulation 52 (4) of SEBI (F) 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. These estimates have been made in good faith as per the information available to the Investment anager and are subject to change inter-se or in total subject to prevailing Regulations. The AC may incur actual expenses which may be more or less than those estimated above under any head. Type of expenses charged shall be as per the SEBI Regulations. The AC will charge the scheme such actual expenses incurred, subject to the statutory limit prescribed in the Regulations. The total expenses of the scheme including the investment management and advisory fee shall not exceed the limit stated in Regulation 52(6) of the SEBI (F) Regulations. In addition to the limits as specified in Regulation 52(6) of SEBI (utual 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/AFI 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. Provided further that, expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities. Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in case the said inflows are redeemed within a period of one year from the date of investment. Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities. This sub clause (a) shall be applicable for inflows received during the NFO period. -3-

4 Waiver of Load for irect Applications Tax treatment for the Investors (Unitholders) aily Net Asset Value (NAV) Publication For Investor Grievances please contact Unitholders Information 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. GST 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 Scheme. Any expenditure in excess of the SEBI regulatory limits shall be borne by the AC or the Sponsor. The mutual fund would update the current expense ratios on its website ( atleast three working days prior to the effective date of the change. Investors can refer Total Expense Ratio of utual Fund Schemes section on for Total Expense Ratio (TER) details. Not applicable 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 daily newspapers. NAV can also be viewed on and [ou can also telephone us at ] Registrar and Transfer Agent: Name, address, telephone number, fax number, i.d. of the utual Fund Karvy Computershare Pvt. Ltd., r. ilind Vengurlekar Unit: Axis utual Fund, Axis Asset anagement Co. Ltd. Karvy Selenium, Tower B, "Axis House", 1st Floor, C-2, Wadia International Centre, Plot Number 31 & 32, Pandurang Budhkar arg, Worli, umbai Financial istrict, Tel. No: , Fax No: Gachibowli, Hyderabad Toll Free: Tel: customerservice@axismf.com For any grievances with respect to transactions through BSE StAR and / or NSE FSS, the investors / Unit Holders should approach either the stock broker or the investor grievance cell of the respective stock exchange. Account Statements: On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of and/or SS 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. In case of Unit Holders holding units in the dematerialized mode, the Fund will not send the account statement to the Unit Holders. The statement provided by the epository Participant will be equivalent to the account statement. For those Unit holders who have provided an address, the AC will send the account statement by . Unit holders will be required to download and print the documents after receiving from the utual Fund. Should the Unit holder experience any difficulty in accessing the electronically delivered documents, the Unit holder shall promptly advise the utual Fund to enable the utual Fund to make the delivery through alternate means. It is deemed that the Unit holder is aware of all security risks including possible third party interception of the documents and contents of the documents becoming known to third parties. The Unit holder may request for a physical account statement by writing/calling the AC/ISC/Registrar. In case of specific request received from the Unit Holders, the AC/Fund will provide the Account Statement to the Investors within 5 business days from the receipt of such request. The AC shall issue Unit certificates within 5 business days from the date of receipt of request where the applicant so desires. Consolidated Account Statement (CAS) CAS is an account statement 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. CAS issued to investors shall also provide the total purchase value/cost of investment in each scheme. Further, CAS issued for the half-year (September/ arch) shall also provide a. The amount of actual commission paid by AC/utual Fund to distributors (in absolute terms) during the half-year period against the concerned investor s total investments in each scheme. b. The Scheme s average Total Expense Ratio (in percentage terms) for the half-year period, of both direct plan and regular plan, for each scheme where the concerned investor has invested in. The word transaction will include purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan and systematic transfer plan. a) For Unitholders not holding emat Account: CAS for each calendar month shall be issued, on or before tenth day of succeeding month by the AC. The AC shall ensure that a CAS for every half yearly (September/ arch) 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 AC shall identify common investors across fund houses by their Permanent Account Number (PAN) for the purposes of sending CAS. In the event the account has more than one registered holder, the first named Unit Holder shall receive the Account Statement. The AC will send statement of accounts by where the Investor has provided the id. Additionally, the AC may at its discretion send Account Statements individually to the investors. b) For Unitholders holding emat Account: SEBI vide its circular no. CIR/R/P/31/2014 dated November 12, 2014, in order to enable a single consolidated view of all the investments of an investor in utual Fund and securities held in demat form with epositories, has required epositories to generate and dispatch a single CAS for investors having mutual fund investments and holding demat accounts. In view of the aforesaid requirement, for investors who hold demat account, for transactions in the schemes of Axis utual Fund on or after February 1, 2015, a CAS, based on PAN of the holders, will be sent by epositories to investors holding demat account, for each calendar month within 10th day of the succeeding month to the investors in whose folios transactions have taken place during that month. CAS will be sent by epositories every half yearly (September/arch), on or before 10th day of succeeding month, detailing holding at the end of the six month, to all such investors in whose folios and demat accounts there have been no transactions during that period. CAS sent by epositories is a statement containing details relating to all financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan, systematic transfer plan (including transaction charges paid to the distributor) and transaction in dematerialized securities across demat accounts of the investors and holding at the end of the month. In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the depository shall send account statement in terms of regulations applicable to the depositories. Investors whose folio(s)/ demat account(s) are not updated with PAN shall not receive CAS. -4-

5 Consolidation of account statement is done on the basis of PAN. Investors are therefore requested to ensure that their folio(s)/ demat account(s) are updated with PAN. In case of multiple holding, it shall be PAN of the first holder and pattern of holding. For Unit Holders who have provided an address to the utual Fund or in KC records, the CAS is sent by . However, where an investor does not wish to receive CAS through , option is given to the investor to receive the CAS in physical form at the address registered in the epository system. Investors who do not wish to receive CAS sent by depositories have an option to indicate their negative consent. Such investors may contact the depositories to opt out. Investors who do not hold demat account continue to receive CAS sent by RTA/AC, based on the PAN, covering transactions across all mutual funds as per the current practice. In case an investor has multiple accounts across two depositories; the depository with whom the account has been opened earlier will be the default depository. The dispatches of CAS by the depositories constitute compliance by the AC/ the Fund with the requirement under Regulation 36(4) of SEBI (utual Funds) Regulations. However, the AC reserves the right to furnish the account statement in addition to the CAS, if deemed fit in the interest of investor(s). Investors whose folio(s)/demat account(s) are not updated with PAN shall not receive CAS. Investors are therefore requested to ensure that their folio(s)/demat account(s) are updated with PAN. For folios not included in the CAS (due to non-availability of PAN), the AC shall issue monthly account statement to such Unit holder(s), for any financial transaction undertaken during the month on or before 10th of succeeding month by mail or . For folios not eligible to receive CAS (due to non-availability of PAN), the AC shall issue an account statement detailing holding across all schemes at the end of every six months (i.e. September/arch), on or before 10th day of succeeding month, to all such Unit holders in whose folios no transaction has taken place during that period shall be sent by mail/ . Option to hold units in dematerialised (demat) form Investors shall have an option to receive allotment of utual Fund units in their demat account while subscribing to the Scheme in terms of the guidelines/ procedural requirements as laid by the epositories (NSL/CSL) from time to time. Investors desirous of having the Units of the Scheme in dematerialized form should contact the ISCs of the AC/Registrar. Where units are held by investor in dematerialized form, the demat statement issued by the epository Participant would be deemed adequate compliance with the requirements in respect of dispatch of statements of account. In case investors desire to convert their existing physical units (represented by statement of account) into dematerialized form or vice versa, the request for conversion of units held in physical form into emat (electronic) form or vice versa should be submitted alongwith a emat/remat Request Form to their epository Participants. In case the units are desired to be held by investor in dematerialized form, the KC performed by epository Participant shall be considered compliance of the applicable SEBI norms. Further, demat option shall also be available for SIP transactions. Units will be allotted based on the applicable NAV as per Scheme Information ocument and will be credited to investors emat Account on weekly basis on realization of funds. Units held in emat form are freely transferable in accordance with the provisions of SEBI (epositories and Participants) Regulations, as may be amended from time to time. Transfer can be made only in favour of transferees who are capable of holding units and having a emat Account. The delivery instructions for transfer of units will have to be lodged with the epository Participant in requisite form as may be required from time to time and transfer will be affected in accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode. For details, Investors may contact any of the Investor Service Centres of the AC. 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 arch each year. onthly and Half yearly disclosures The AC will disclose the portfolio of the Scheme (alongwith ISIN) as on the last day of the month / half year on the website of the utual Fund and AFI within 10 days from the close of each month/ half year (i.e. 31st arch and 30th September) respectively in a user-friendly and downloadable spreadsheet format. Further, AC shall publish an advertisement in an all India edition of one national English daily newspaper and one Hindi newspaper, every half year, disclosing the hosting of the half-yearly statement of its schemes portfolio on the website of the utual Fund and AFI and the modes through which unitholder(s) can submit a request for a physical or electronic copy of the statement of scheme portfolio. The utual 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 AC and AFI. The Annual Report, portfolio statement and the un audited financial results will also be displayed on the website of the utual Fund ( and Association of utual Funds in India ( Please refer Axis AC website for list of Official Point of Acceptance of Transactions for submission of transaction requests. Statutory etails: Axis utual 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 utual Fund Trustee Ltd. Investment anager: Axis Asset anagement Co. Ltd. (the AC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. utual Fund investments are subject to market risks, read all scheme related documents carefully. -5-

6 FOR 1 - APPLICATION FOR FOR Axis Fixed Term Plan - Series 95 (1185 ays) (A close ended debt scheme) Application No. NFO opens : June 27, 2018 NFO closes : July 03, 2018 Riskometer y oderate od tel e era w Hig rate d h ly o Lo This product is suitable for investors who are seeking* Optimal returns over medium to long term Low High Investment in debt and money market instruments maturing on or before the maturity of the scheme *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. LOW HIGH Investors understand that their principal will be at moderate risk THE APPLICATION FOR SHOUL BE FILLE IN BLOCK LETTERS ONL. istributor ARN Internal Sub-Broker / Sol I Sub-istributor ARN ARN Employee Code EUIN ARN Serial No., ate & Time Stamp RIA COE^ E Upfront commission shall be paid directly by the investor to the AFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor. ^I/We, have invested in the scheme(s) of Axis utual Fund under irect Plan. I/We hereby give my/our consent to share/provide the transactions data feed/ portfolio holdings/ NAV etc. in respect of my/our investments under irect Plan of all schemes of Axis utual Fund, to the above mentioned SEBI Registered Investment Adviser: I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is First / Sole Applicant / executed without any interaction or advice by the employee/relationship manager/sales person of the above Third Applicant Second Applicant Power of Attorney Holder distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the Guardian employee/relationship manager/sales person of the distributor/sub broker. TRANSACTION CHARGES FOR APPLICATIONS THROUGH ISTRIBUTORS ONL (Refer 19) In case the subscription amount is ` 10,000 or more and your istributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subscription amount and payable to the istributor. Units will be issued against the balance amount invested. 1 UNIT HOLING OPTION 2 (To be filed in case of demat holding only) Folio Number (Name should be as per demat account) epository Participant Name 4 3 CSL Beneficiery I P I IN Beneficiery I OE OF HOLING (in case of emat Purchase ode of Holding should be same as in emat Account) Single Note: Please attach copy of Client aster List. FIRST APPLICANT'S ETAILS EXISTING INVESTOR'S FOLIO NUBER (If you have an existing folio with KC validated, please mention here and skip to section 5/6.) EAT OE PHSICAL OE emat Account etails of First / Sole Applicant NSL I confirm that I am a first time investor across utual Funds. I confirm that I am an existing investor in utual Funds. Anyone or Survivor Joint (efault) (Non-individual invertors please fill in FATCA / CRS, UBO annexure and attach along with application form) Ref. 9 & 20. All fields are mandatory. Gender ale Female Name (1st) (As in PAN card/kc records) KIN PAN (inor/1st Holder) CKC FOR (Refer 8A) Refer 10 SUPPLEENTAR CKC FOR Aadhaar No. (Ref. 22) ate of birth Father s Name (inor / 1st Holder) Name of the Guardian (in case of minor please attach proof of date of birth) / POA (Contact person for non individuals / PoA holder name) Birth Certificate Correspondence address (Please note: Address will be replace as per KC records) City School Certificate (Ref. 22) Nationality Place of Birth For Investments "On behalf of inor" (Refer 11) Guardian / PoA PAN Guardian Aadhaar No. Country of Birth Passport Other State Specify Guardian named above is Father Court Appointed other Country Pin Code Country Pin Code Overseas address (For FIIs/NRIs/PIOs) City State obile Status Occupation Proprietor Trust Public Sector Student Resident Individual Partnership Firm Pvt. Sector Service Agriculture Are you FATCA Compliant (Please tick any one) Tel. HUF inor Company NPO* Housewife Gov. Service Other Forex ealer No (if no, please fill below details) es FII Society Other efence PIO NRI Specify Professional Specify *Other than NPO Retired...Continued Overleaf 5 EBIT ANATE (For Axis Bank A/c only.) TO BE ETACHE B KARV & PRESENTE TO AXIS BANK BRANCH Application No. Name of the account holder(s) I/ We Account type account no. authorise you to debit my/our Savings NRO NRE Current FCNR Specify to pay for the purchase of Axis Fixed Term Plan - Series 95 (1185 ays) (A close ended debt scheme) (figures) Amount (words) Signature of First Account Holder ACKNOWLEGENT SLIP Signature of Second Account Holder Signature of Third Account Holder Received subject to realisation, verification and conditions, an application for purchase of Units as mentioned in the application form. ate Application No. From Cheque no. ate Amount Scheme Stamp & Signature

7 Address of tax residence would be taken as available in KRA database. In case of any change please approach KRA & notify the changes *Not older than one year <1L INIVIUALS Gross Annual Income OR Net-worth* in ` Residential or Residential Passport Election I Card PAN Card 1-5L 5-10L 10-25L >25L as on Politically Exposed Person (PEP) Related to a PEP Not Applicable Any other information Are you a tax resident of any country other than India? Country es <1L 1-5L 5-10L 10-25L >25L NREGA Job Card 25L-1C specify >1C Is the entity involved in any of the following: Foreign Exchange/ oney Changer Gaming/ Gambling/ Lottery as on (casinos, betting syndicates) oney Lending/ Pawning Tax identification number #To also include USA, where the individual is a citizen / green card holder of the USA UIAI Card es No es es No No (If yes, please indicate all countries in which you are resident for tax purposes and the associated Tax I Numbers below.) No # SECON APPLICANT'S ETAILS Registered Office riving License Govt. I Card NON-INIVIUALS Type of address given at KRA Permissible documents are Identification type (TIN or Other, please specify) % %In case Tax Identification Number is not available, kindly provide its functional equivalent $ Gender (All fields are mandatory) ale Female nd Name (2 ) (As in PAN card/kc records) Father s Name PAN KIN obile ate of birth CKC FOR (Refer 8A) Country of Birth Status KC Acknowledgment (Refer 8) Nationality Place of Birth Proprietor Resident Individual Partnership Firm PIO NRI Occupation SUPPLEENTAR CKC FOR Attested PAN card copy (Ref. 22) HUF Trust inor FII Society Other Specify Company Pvt. Sector Service Public Sector Gov. Service Housewife efence Retired Student Forex ealer Other Specify Agriculture Professional INIVIUALS Aadhaar No. Enclose <1L Gross Annual Income OR Net-worth* in ` *Should not be older than one year 1-5L 5-10L Politically Exposed Person (PEP) 10-25L >25L as on Related to a PEP Not Applicable Any other information Are you FATCA Compliant (Please tick any one) es No (if no, please fill below details) Address of tax residence would be taken as available in KRA database. In case of any change please approach KRA & notify the changes Type of address given at KRA Permissible documents are Residential or Residential Passport Election I Card PAN Card Are you a tax resident of any country other than India? Country es No Registered Office riving License Govt. I Card NREGA Job Card specify (If yes, please indicate all countries in which you are resident for tax purposes and the associated Tax I Numbers below.) # Tax identification number #To also include USA, where the individual is a citizen / green card holder of the USA UIAI Card Identification type (TIN or Other, please specify) % %In case Tax Identification Number is not available, kindly provide its functional equivalent $ THIR APPLICANT'S ETAILS (All fields are mandatory) Gender ale Female rd Name (3 ) (As in PAN card/kc records) Father s Name PAN KIN obile ate of birth CKC FOR (Refer 8A) Enclose Attested PAN card copy KC Acknowledgment (Refer 8) (Ref. 22) Country of Birth Nationality Place of Birth Status Proprietor Resident Individual Partnership Firm PIO NRI Occupation Pvt. Sector Service Public Sector Gov. Service Student Agriculture Professional HUF Trust inor FII Society Other Specify Company Housewife efence Retired Forex ealer Other Specify INIVIUALS Aadhaar No. SUPPLEENTAR CKC FOR Gross Annual Income OR Net-worth* in ` *Should not be older than one year <1L 1-5L 5-10L Politically Exposed Person (PEP) 10-25L >25L as on Related to a PEP Not Applicable Any other information QUICK CHECKLIST KC acknowledgement letter (Compulsory for ICRO Investments) SIP Registration andate - NACH for SIP investments Self attested PAN card copy ultiple Bank Accounts Registration form (if you want to register multiple bank accounts so that future payments can be made from any of the accounts) id and mobile number provided for online transaction facility Plan / Option / Sub Option name mentioned in addition to scheme name Relationship proof between Guardian and inor (if application is in the name of a inor) attached Additional documents attached for Third Party payments. Refer instructions. FATCA eclaration.

8 Are you FATCA Compliant (Please tick any one) es No (if no, please fill below details) Address of tax residence would be taken as available in KRA database. In case of any change please approach KRA & notify the changes Type of address given at KRA Permissible documents are Residential or Residential Passport Election I Card PAN Card Are you a tax resident of any country other than India? Country es No Registered Office riving License Govt. I Card UIAI Card NREGA Job Card specify (If yes, please indicate all countries in which you are resident for tax purposes and the associated Tax I Numbers below.) # Identification type (TIN or Other, please specify) Tax identification number % #To also include USA, where the individual is a citizen / green card holder of the USA %In case Tax Identification Number is not available, kindly provide its functional equivalent $ (Investors applying under irect Plan must mention "irect" against scheme name, refer 2) 6 INVESTENT & PAENT ETAILS Payment Type Non-Third Party Payment Third Party Payment (Please attach 'Third Party Payment eclaration Form') Axis Fixed Term Plan - Series 95 (1185 ays) (A close ended debt scheme) Cheque ode Growth ividend Pay-out Quarterly ividend Half early ividend irect Plan Growth ividend Pay-out Quarterly ividend Half early ividend Cheque / no. Axis Bank ebit andate (Please fill section 5.) Amount (figures) Regular Plan ated Pay-in A/c no. Account type 7 (words) Savings NRO Current NRE BANK ACCOUNT ETAILS FOR PA-OUT FCNR rawn on bank / branch name Specify (andatory. Refer 6 and avail of ultiple Bank Registration Facility.) (Please attach cancelled cheque copy or latest bank account statement.) (All fields are mandatory) Bank Name Bank A/c No. Type Savings NRE NRO FCNR City Branch Name IFSC Code (11 digit)* 8 Current Pin ICR Code (9 digit)* AUTO SWITCH ON ATURIT Specify *entioned on your cheque leaf (Refer 18) Switch to Scheme Name Proceeds to be dispatched / Credit to bank A/c (As may be applicable). Plan Option If an investor fails to specify the Plan / Option he will be allotted units under the default Plan / Option / Sub Option of the scheme. I / We would like to switch all units from the schemes on its maturity. Investor can opt for having the payout on maturity at his / her designed bank account and the redemption or repurchase proceeds. The same shall be dispatched to the unitholders within 10 ays from the date of redemption or repurchase. 9 NOINATION ETAILS (All fields are mandatory) (Refer 15) First Nominee Third Nominee Second Nominee Name (as in PAN card/kc records) PAN ate of Birth Relationship with Investor Address Guardian Name (in case Nominee is a inor) Signature (Guardian in case Nominee is a inor) Allocation % (Total to be 100%) Unit Holder's Signature First / Sole Applicant / Guardian If you do not wish to nominate sign here. Third Applicant Second Applicant Power of Attorney Holder 10 ECLARATION AN SIGNATURE Having read and understood the content of the SI / 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 irectives of the provisions of the Income Tax Act, Anti oney 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 our Customer process is not completed by me/us to the satisfaction of the utual Fund, (I/we hereby authorize the utual 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 utual Funds amongst which the Scheme is being recommended to me/ us. I/We confirm that I/We do not have any existing icro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding ` 50,000 in a year (Applicable for icro 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. CERTIFICATION I / We have understood the information requirements of this Form (read along with the FATCA & CRS Instructions) and hereby confirm that the information provided by me/us on this Form is true, correct, and complete. I / We also confirm that I / We have read and understood the FATCA & CRS Terms and Conditions below and hereby accept the same. AAHAAR ECLARATION I/ We hereby provide my/our consent in accordance with Aadhaar Act, 2016 and regulations made thereunder, for (i) collecting, storing and usage (ii) validating/authenticating and (ii) updating my/ our Aadhaar number(s) in accordance with the Aadhaar Act, 2016 (and regulations made thereunder) and PLA. I/ We hereby provide my/our consent for sharing/disclosing of the Aadhaar number(s) including demographic information with the asset management companies of SEBI registered mutual fund (s)and their Registrar and Transfer Agent (RTA) for the purpose of updating the same in my/our folios with my PAN. First / Sole Applicant / Guardian ate : Second Applicant Place : Third Applicant Power of Attorney Holder