Hybrid Funds Hybrid Outlook 20 Axis Equity Saver Fund 21 Axis Income Saver 22 Axis Children Gift Fund 23 Axis Triple Advantage Fund 24

INDEX How To Read A Factsheet 4 Equity Funds Equity Outlook 5 Axis Equity Fund 6 Axis Focused 25 Fund 7 Axis Midcap Fund 8 Axis Long Term Equity Fund 9 Axis Enhanced Arbitrage Fund 10 Debt Funds Fixed Income Outlook 11 Axis Liquid Fund 12 Axis Treasury Advantage Fund 13 Axis Short Term Fund 14 Axis Dynamic Bond Fund 15 Axis Regular Savings Fund 16 Axis Fixed Income Opportunities Fund 17 Axis Constant Maturity 10 Year Fund 18 Axis Banking And PSU Debt Fund 19 Hybrid Funds Hybrid Outlook 20 Axis Equity Saver Fund 21 Axis Income Saver 22 Axis Children Gift Fund 23 Axis Triple Advantage Fund 24 SIP Performance Of Selected Schemes s Load Structure And Minimum Investment Amount Annexures Expense Ratios Product Labeling 25 26 27 28 30 31

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EQUITY M A Y 2 0 1 7 12.1% 18.5% 1.4% Equity market valuations are broadly reasonable. QUICK TAKE We remain bullish on equities from a medium to long term perspective. KEY HIGHLIGHTS Investors are suggested to have their asset allocation plan based on one s risk appetite and future goals in life. DOMESTIC GLOBAL CORPORATE Indian equity markets were up 1.5 percent during the month of April. Midcap returns were also positive during the month as indicated by the BSE Midcap Index which delivered 5.4 percent. Market sentiment was helped by record buying by foreign investors in March and continued flows into April. April flows by Foreign Portfolio investors in equity and debt markets were at US$ 0.4 and 3.1 billion respectively. Simultaneously, flows into domestic funds have remained strong over the last several months. Headline consumer price index (CPI) stayed flattish at 3.7% over previous month. Food inflation was at a 4-month high of 2.5%. Manufacturing sentiment for the month of April remained flat vis-a-vis March. Both manufacturing and services have rebounded from the demonetisation hit. frequency data showed mixed results, with growth indicators still not broad-based. Personal vehicle sales rose during March to 10% (Y-o-Y). The most positive data from March was a surge in trade. Exports in absolute dollar terms showed robust growth (M-o-M). Domestic consumption (ex oil, ex gold) linked imports picked up substantially over the pace of the last three months. Surge in imports of machinery, industrial chemicals and electronic goods indicate demand recovery. Overall, the rural economy has not recovered completely as yet, from demonetisation as cash in circulation is still below the demonetisation level. In this context, the normal monsoon forecast for 2017 season and normal water storage levels as opposed to a deficiency last year, bode well for the coming months from a base year perspective. As per tax officials, the transition of tax payers to GST is progressing well with 71% of the indirect tax payer base (state and central combined) having already registered on the GST Network. The target date for GST implementation is 1 July the actual date is likely to be announced shortly. Big policy reforms are long-term positive, but impact short-term earnings. While 2HFY17 has seen the adverse impact of demonetization on earnings of select consumer-oriented sectors, FY18 could have some disruption from GST implementation. Having said that, results were off to a decent start with the earnings season for the fourth quarter kicking in. 5

AXIS EQUITY FUND (AN OPEN-ENDED GROWTH SCHEME) 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. FUND STYLE FACTSHEET 5th January 2010 1,928.57 Cr. 1,888.62 Cr. Nifty 50 Investment Style Value Blend Growth Large Mid Small Market Cap STATISTICAL MEASURES (3 YEARS) Standard Deviation - 14.29% Beta - 0.99 Sharpe Ratio** - 0.57 Options SECTOR ALLOCATION (%) Record Date TURNOVER* (1 YEAR) 1.14 times Banks 26.33 Consumer Non Durables 13.30 Finance 12.10 Auto 7.40 Gas 5.90 PERFORMANCE (as on 28th April 2017) DIVIDENDS Regular Plan Dividend (` Per unit) Individuals/ (Cum (Ex Mr. Shreyash Devalkar Work experience:13 years. He has been managing this fund since 23rd November 2016 Auto Ancillaries 5.89 Cement 3.39 Construction Project 3.15 Petroleum Products 2.61 15.17 Direct Plan Dividend (` Per unit) Individuals/ (Cum (Ex Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39 Dividend Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24 Mar 05, 2015 1.00 1.00 16.53 15.53 1.00 1.00 16.89 15.89 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. **Risk-free rate assumed to be 6.18% (MIBOR as on 28-4-17) - Source: www.fimmda.org Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 28th April 2017. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 1% if Units are redeemed / switched-out within 12 months from the date of allotment (Effective from 1st October 2013) 6 date Axis Equity Fund - Growth 15.63% 14.32% 15.87% 11.19% 21,730 Nifty 50 (Benchmark) 18.58% 11.60% 12.14% 8.06% 17,628 05-Jan-10 S&P BSE Sensex (Additional Benchmark) 16.89% 10.11% 11.56% 7.45% 16,916 Axis Equity Fund - Direct Plan - Growth 16.78% 15.55% - 15.55% 18,678 Nifty 50 (Benchmark) 18.58% 11.60% - 10.89% 15,635 01-Jan-13 S&P BSE Sensex (Additional Benchmark) 16.89% 10.11% - 10.30% 15,279 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated at Rs. 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 2 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager. % OF ASSETS BANKS 26.33 HDFC Bank Limited 9.74 Kotak Mahindra Bank Limited 6.49 IndusInd Bank Limited 4.13 State Bank of India 3.52 ICICI Bank Limited 2.44 CONSUMER NON DURABLES 13.30 ITC Limited 5.00 Asian Paints Limited 4.75 Britannia Industries Limited 3.55 FINANCE 12.10 HDFC Limited 5.37 Bajaj Finserv Limited 4.61 Cholamandalam Investment and Finance Company Limited 2.12 AUTO 7.40 Maruti Suzuki India Limited 5.70 Tata Motors Limited 1.70 GAS 5.90 Indraprastha Gas Limited 2.28 GAIL (India) Limited 1.84 Gujarat State Petronet Limited 1.77 AUTO ANCILLARIES 5.89 Motherson Sumi Systems Limited 2.76 Endurance Technologies Limited 2.10 Bosch Limited 1.03 CEMENT 3.39 UltraTech Cement Limited 1.95 Shree Cements Limited 1.44 CONSTRUCTION PROJECT 3.15 Larsen & Toubro Limited 3.15 PETROLEUM PRODUCTS 2.61 Indian Oil Corporation Limited 1.37 Bharat Petroleum Corporation Limited 1.23 OTHERS 15.17 Media & Entertainment 2.54 Zee Entertainment Enterprises Limited 2.54 Industrial Capital Goods 2.28 Bharat Electronics Limited 2.28 Retailing 2.11 Avenue Supermarts Limited 2.11 Pharmaceuticals 2.10 Lupin Limited 1.10 Cadila Healthcare Limited 1.01 Industrial Products 2.06 Bharat Forge Limited 1.06 Cummins India Limited 1.00 Software 1.56 Infosys Limited 1.56 Power 1.50 Torrent Power Limited 1.50 Telecom - Services 1.02 Bharti Airtel Limited 1.02 Total Equity 95.24 Cash & Other Receivables 4.76 Net Assets 100% Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS FOCUSED 25 FUND (AN OPEN-ENDED EQUITY SCHEME) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. FACTSHEET FUND STYLE 29th June 2012 1,244.55 Cr. 1,307.11 Cr. Nifty 50 Investment Style Value Blend Growth Large Mid Small Market Cap STATISTICAL MEASURES (3 YEARS) Standard Deviation - 15.36% Beta - 1.07 Sharpe Ratio** - 0.93 Options SECTOR ALLOCATION (%) TURNOVER* (1 YEAR) 1.02 times Banks 14.85 Finance 13.76 Auto Ancillaries 13.42 Industrial Products 12.16 Cement 8.58 Auto 5.17 PERFORMANCE (as on 28th April 2017) DIVIDENDS Record Date Individuals/ Dividend (` Per unit) Mr. Jinesh Gopani Work experience:14 years. 07th June 2016 Industrial Capital 3.76 Goods Textile Products 3.41 Construction Project 3.21 15.54 (Cum (Ex Feb 28, 2017 1.30 1.30 17.14 15.84 Dividend Mar 10, 2016 1.00 1.00 14.56 13.56 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. **Risk-free rate assumed to be 6.18% (MIBOR as on 28-4-17) - Source: www.fimmda.org Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 28th April 2017. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 1% if redeemed/ switched out within 1 year from the date of allotment. (w.e.f. 15th May 2015) date Axis Focused 25 Fund - Growth 28.80% 20.53% - 18.03% 22,280 Nifty 50 (Benchmark) 18.58% 11.60% - 12.44% 17,625 29-Jun-12 S&P BSE 200 (Additional Benchmark) 22.99% 14.97% - 14.32% 19,096 Axis Focused 25 Fund - Direct Plan - Growth 30.39% 22.09% - 17.58% 20,137 Nifty 50 (Benchmark) 18.58% 11.60% - 10.89% 15,635 01-Jan-13 S&P BSE 200 (Additional Benchmark) 22.99% 14.97% - 12.58% 16,691 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager. 7 % OF ASSETS BANKS 14.85 HDFC Bank Limited 7.80 Kotak Mahindra Bank Limited 7.05 FINANCE 13.76 Bajaj Finserv Limited 6.19 Gruh Finance Limited 3.86 Bajaj Finance Limited 3.71 AUTO ANCILLARIES 13.42 Bosch Limited 4.91 Motherson Sumi Systems Limited 4.10 Endurance Technologies Limited 2.41 WABCO India Limited 2.00 INDUSTRIAL PRODUCTS 12.16 Cummins India Limited 6.77 Supreme Industries Limited 3.64 Bharat Forge Limited 1.75 CEMENT 8.58 Shree Cements Limited 8.58 AUTO 5.17 Maruti Suzuki India Limited 5.17 INDUSTRIAL CAPITAL GOODS 3.76 V-Guard Industries Limited 1.98 Siemens Limited 1.78 TEXTILE PRODUCTS 3.41 Page Industries Limited 3.41 CONSTRUCTION PROJECT 3.21 Larsen & Toubro Limited 3.21 OTHERS 15.54 Software 3.10 Info Edge (India) Limited 3.10 Commercial Services 2.85 Quess Corp Limited 2.85 Retailing 2.84 Avenue Supermarts Limited 2.84 Media & Entertainment 2.45 PVR Limited 2.45 Chemicals 2.20 Pidilite Industries Limited 2.20 Consumer Non Durables 2.10 Nestle India Limited 2.10 Total Equity 93.86 Cash & Other Receivables 6.14 Net Assets 100% Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS MIDCAP FUND (AN OPEN-ENDED EQUITY SCHEME) INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity and equity related instruments of mid size companies. The focus of the fund will be to invest in relatively larger companies within this category. FUND STYLE FACTSHEET 18th February 2011 1,210.86 Cr. 1,225.80 Cr. S&P BSE Midcap Investment Style Value Blend Growth Large Mid Small Market Cap STATISTICAL MEASURES (3 YEARS) Standard Deviation - 18.20% Beta - 1.02 Sharpe Ratio** - 0.91 SECTOR ALLOCATION (%) TURNOVER* (1 YEAR) 1.03 times Finance 20.60 Auto Ancillaries 16.88 Consumer Non Durables 9.04 Industrial Products 7.41 PERFORMANCE (as on 28th April 2017) Mr. Shreyash Devalkar Work experience: 13 years. 23rd November 2016 Banks 5.28 Pesticides 4.50 Pharmaceuticals 3.64 Textile Products 3.63 Media & 3.55 Entertainment 21.00 date 1% if redeemed / switched - out within 12 months from the date of allotment (w.e.f. 5th May 2014) 8 Axis Midcap Fund - Growth 19.54% 22.67% 22.15% 18.59% 28,760 S&P BSE Midcap (Benchmark) 34.12% 26.45% 18.58% 13.75% 22,214 18-Feb-11 Nifty 50 (Additional Benchmark) 18.58% 11.60% 12.14% 8.99% 17,044 Axis Midcap Fund - Direct Plan - Growth 20.93% 24.17% - 20.16% 22,126 S&P BSE Midcap (Benchmark) 34.12% 26.45% - 18.14% 20,560 01-Jan-13 Nifty 50 (Additional Benchmark) 18.58% 11.60% - 10.89% 15,635 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 2 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager. DIVIDENDS Regular Plan Dividend (` Per unit) Options Record Date Individuals/ (Cum (Ex Direct Plan Dividend (` Per unit) Individuals/ (Cum (Ex Sep 15, 2016 2.00 2.00 22.64 20.64 2.00 2.00 25.83 23.83 Dividend Sep 10, 2015 1.75 1.75 23.29 21.54 1.75-26.04 24.29 July 31, 2014 1.50 1.50 19.91 18.41 - - - - Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. **Risk-free rate assumed to be 6.18% (MIBOR as on 28-4-17) - Source: www.fimmda.org Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 28th April 2017. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. % OF ASSETS FINANCE 20.60 Gruh Finance Limited 7.11 Bajaj Finserv Limited 4.07 Sundaram Finance Limited 2.94 Multi Commodity Exchange of India Limited 2.66 Cholamandalam Investment and Finance Company Limited 2.59 Mahindra & Mahindra Financial Services Limited 1.23 AUTO ANCILLARIES 16.88 Motherson Sumi Systems Limited 3.59 Endurance Technologies Limited 3.08 WABCO India Limited 2.38 Amara Raja Batteries Limited 1.99 Balkrishna Industries Limited 1.90 Igarashi Motors India Limited 1.69 CEAT Limited 1.15 MRF Limited 1.11 CONSUMER NON DURABLES 9.04 Britannia Industries Limited 3.19 Berger Paints (I) Limited 2.98 Procter & Gamble Hygiene and Health Care Limited 2.87 INDUSTRIAL PRODUCTS 7.41 Supreme Industries Limited 2.49 AIA Engineering Limited 2.03 Cummins India Limited 1.91 Bharat Forge Limited 0.98 BANKS 5.28 City Union Bank Limited 5.28 PESTICIDES 4.50 UPL Limited 3.44 PI Industries Limited 1.06 PHARMACEUTICALS 3.64 Torrent Pharmaceuticals Limited 1.97 Alkem Laboratories Limited 0.96 Cadila Healthcare Limited 0.71 TEXTILE PRODUCTS 3.63 Page Industries Limited 3.63 MEDIA & ENTERTAINMENT 3.55 PVR Limited 3.55 OTHERS 20.54 Industrial Capital Goods 3.39 V-Guard Industries Limited 2.38 Bharat Electronics Limited 1.01 Transportation 3.21 Blue Dart Express Limited 1.64 Container Corporation of India Limited 1.57 Consumer Durables 2.98 Blue Star Limited 1.50 TTK Prestige Limited 1.48 Cement 2.40 The Ramco Cements Limited 1.63 JK Lakshmi Cement Limited 0.77 Auto 2.11 V.S.T Tillers Tractors Limited 2.11 Petroleum Products 1.96 Gulf Oil Lubricants India Limited 1.96 Power 1.96 Torrent Power Limited 1.96 Gas 1.94 Petronet LNG Limited 1.94 Ferrous Metals 0.60 Shankara Building Products Limited 0.60 Other Equity (less than 0.50% of the corpus) 0.46 Total Equity 95.55 Cash & Other Receivables 4.45 Net Assets 100% Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS LONG TERM EQUITY FUND (AN OPEN-ENDED EQUITY LINKED SAVINGS SCHEME WITH A 3 YEAR LOCK-IN) INVESTMENT OBJECTIVE: To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. FUND STYLE FACTSHEET 29th December 2009 12,657.08 Cr. 12,915.63 Cr. S&P BSE 200 Investment Style Value Blend Growth Large Mid Small Market Cap STATISTICAL MEASURES (3 YEARS) Standard - 13.72% Deviation Beta - 0.90 Sharpe Ratio** - 1.31 SECTOR ALLOCATION (%) TURNOVER* (1 YEAR) 1.40 times Finance 18.78 Banks 16.17 Auto Ancillaries 12.60 Auto 7.10 Construction 5.42 Project Consumer Durables PERFORMANCE (as on 28th April 2017) 5.37 Mr. Jinesh Gopani Work experience: 14 years. 1st April 2011 Industrial 5.05 Products Pharmaceuticals 4.82 Chemicals 4.23 16.18 date Axis Long Term Equity Fund - Growth 19.60% 22.65% 22.69% 18.88% 35,557 S&P BSE 200 (Benchmark) 22.99% 14.97% 13.83% 8.97% 18,780 29-Dec-09 Nifty 50 (Additional Benchmark) 18.58% 11.60% 12.14% 8.29% 17,934 Axis Long Term Equity Fund - Direct Plan - Growth 20.94% 24.12% - 23.70% 25,085 S&P BSE 200 (Benchmark) 22.99% 14.97% - 12.58% 16,691 01-Jan-13 Nifty 50 (Additional Benchmark) 18.58% 11.60% - 10.89% 15,635 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 28 for performance of all schemes managed by the fund manager. Options Regular Dividend DIVIDENDS Record Date Individuals/ Dividend (` Per unit) (Cum Jan 31, 2017 2.23 2.23 21.1726 Jan 25, 2016 2.25 2.25 21.2217 Jan 22, 2015 2.00 2.00 24.2942 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. **Risk-free rate assumed to be 6.18% (MIBOR as on 28-4-17) - Source: www.fimmda.org Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 28th April 2017. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. % OF ASSETS FINANCE 18.78 HDFC Limited 6.97 Bajaj Finance Limited 4.76 Sundaram Finance Limited 2.85 Gruh Finance Limited 2.53 Multi Commodity Exchange of India Limited 1.66 BANKS 16.17 Kotak Mahindra Bank Limited 8.10 HDFC Bank Limited 8.07 AUTO ANCILLARIES 12.60 Motherson Sumi Systems Limited 4.89 Bosch Limited 4.04 WABCO India Limited 2.06 Endurance Technologies Limited 1.10 Tube Investments of India Limited 0.51 AUTO 7.10 Maruti Suzuki India Limited 5.49 Eicher Motors Limited 1.61 CONSTRUCTION PROJECT 5.42 Larsen & Toubro Limited 5.42 CONSUMER DURABLES 5.37 TTK Prestige Limited 2.99 Symphony Limited 2.38 INDUSTRIAL PRODUCTS 5.05 Cummins India Limited 3.01 Astral Poly Technik Limited 1.46 Bharat Forge Limited 0.58 PHARMACEUTICALS 4.63 Sun Pharmaceutical Industries Limited 2.27 Cadila Healthcare Limited 1.42 IPCA Laboratories Limited 0.93 CHEMICALS 4.23 Pidilite Industries Limited 4.23 OTHERS 15.77 Pesticides 2.70 PI Industries Limited 2.70 Power 2.59 Torrent Power Limited 2.59 Consumer Non Durables 2.24 Nestle India Limited 2.24 Software 2.08 Info Edge (India) Limited 1.07 Tata Consultancy Services Limited 1.01 Transportation 1.86 Blue Dart Express Limited 1.07 Gujarat Pipavav Port Limited 0.79 Industrial Capital Goods 1.45 Siemens Limited 0.94 V-Guard Industries Limited 0.51 Retailing 1.32 Avenue Supermarts Limited 1.32 Commercial Services 1.00 Quess Corp Limited 1.00 Telecom - Equipment & Accessories 0.54 Astra Microwave Products Limited 0.54 Other Equity (less than 0.50% of the corpus) 0.60 Total Equity 95.70 Debt, Cash & Other Receivables 4.30 Net Assets 100% ^Treasury Bill NIL 9 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS ENHANCED ARBITRAGE FUND FACTSHEET (AN OPEN-ENDED ARBITRAGE FUND) INVESTMENT OBJECTIVE: To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 14th August 2014 571.05 Cr. 609.33 Cr. Crisil Liquid Fund Index % OF ASSETS TOTAL HEDGE EQUITY 65.91 Century Textiles & Industries Limited 7.97 Reliance Industries Limited 6.88 Divi's Laboratories Limited 5.83 AVERAGE MATURITY*@ 213 days MODIFIED DURATION*@ 198 days YIELD (YIELD TO MATURITY & ) 6.79% TURNOVER # (1 YEAR) 11.09 times Mr. Ashwin Patni Work experience: 13 years. He has been managing the fund since 27th April 2015 Mr. Devang Shah Work experience: 11 years. inception. Dewan Housing Finance Corporation Limited 5.63 Reliance Capital Limited 5.06 Aurobindo Pharma Limited 4.59 Eicher Motors Limited 4.07 Indiabulls Housing Finance Limited 3.89 HDFC Limited 2.67 Max Financial Services Limited 2.02 Siemens Limited 1.81 PERFORMANCE (as on 28th April 2017) Tata Motors Limited 1.77 Mahindra & Mahindra Limited 1.52 date Axis Enhanced Arbitrage Fund - Growth 6.40% - - 6.82% 11,956 CRISIL Liquid Fund Index (Benchmark) 7.06% - - 7.86% 12,272 14-Aug-14 CRISIL T-Bill (Additional Benchmark) 6.63% - - 7.65% 12,210 Axis Enhanced Arbitrage - Direct Plan - Growth 7.27% - - 7.72% 12,231 CRISIL Liquid Fund Index (Benchmark) 7.06% - - 7.86% 12,272 14-Aug-14 CRISIL T-Bill (Additional Benchmark) 6.63% - - 7.65% 12,210 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 46 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 21 schemes. Please refer to annexure on Page 29 for performance of all schemes managed by the fund managers. DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Apr 25, 2017 - - - - 0.0161 0.0161 10.8754 10.8593 Dividend Mar 27, 2017 0.05 0.05 10.5171 10.4671 0.05 0.05 10.8656 10.8156 Feb 28, 2017 0.05 0.05 10.5294 10.4794 0.05 0.05 10.8701 10.8201 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. # Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. IDFC Bank Limited 1.49 Fortis Healthcare Limited 1.14 Castrol India Limited 0.99 Jindal Steel & Power Limited 0.93 Reliance Infrastructure Limited 0.85 DLF Limited 0.81 Power Grid Corporation of India Limited 0.78 Equitas Holdings Limited 0.77 Hindustan Zinc Limited 0.76 Oracle Financial Services Software Limited 0.73 Jain Irrigation Systems Limited 0.68 Bharat Electronics Limited 0.53 Asian Paints Limited 0.39 Tata Communications Limited 0.33 Hindalco Industries Limited 0.29 Indian Oil Corporation Limited 0.22 The Federal Bank Limited 0.17 Godfrey Phillips India Limited 0.17 Motherson Sumi Systems Limited 0.16 Tata Global Beverages Limited 0.03 Debt, Cash & Other Receivables 34.09 NET ASSET 100% ^Commercial Paper 0.25% if redeemed / switched out within 7 days from the date of allotment. (w.e.f. 15th May 2015) 10 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

FIXED INCOME M A Y 2 0 1 7 7.44% 4.83% 6.96% 10 yr G-Sec : Last 1 year 3.81% CPI Inflation : Last 1 year Repo : Last 1 year QUICK TAKE RBI maintains a pause in policy rate. Narrows corridor to address liquidity impact on short-term yields. Limited room for rate cuts from here. Investor should look to invest in short to medium term funds as a core portfolio allocation. Investors who wish to participate in long bonds can look to do so through dynamic bond funds. Bond markets during the month on a point to point basis sold off, with the 13-15 year benchmark bond up by ~10bps. The 10 year benchmark was up by 28 basis points (closed at 6.96%) over last month on account of new benchmark issuance. In its April bi-monthly monetary policy, which was the first in this financial year, RBI maintained status quo on the repo rate. This was consistent with its stance in the earlier meeting in February when it first signaled lower probability of rate cuts going forward. The key reason behind the pause is that RBI perceives inflation to be sticky. However, RBI narrowed the corridor i.e. the difference between the repo and reverse repo rate to 50bps (from 100bps earlier). This move was intended to address the liquidity and aid short term yields. During the month in order to address the surplus liquidity situation further, RBI came out with 1 year CMB s of INR 1 trillion. To put things in context, RBIs policy action in the past few years had been led by a global environment of disinflation, slowdown in commodities and growth. All these had led to softening in India s inflation. Today s environment is quite different with growth coming back globally, commodities showing some recovery, presenting some upside risk to inflation. If inflation undershoots their expectation significantly, falling below 4% and in a sustainable band of 3-3.5%, RBI may consider going down the path for rate cuts again. Until then, RBI would continue with its neutral stance. The good news however is for the short end of the curve, where the liquidity is helping. 10 YEAR G-SEC YIELD 6.96% The yield curve offers great steepness in the short segment up to 5 years to maturity. Thus short bonds offer a yield pic up relative to money market, and at the same time are not as exposed to the volatility of the long end. Our preferred part of the curve is between 1 and 5 years. We had previously argued that RBI is close to the end of the rate cut cycle. RBI s neutral stance supports this view. In this context we believe that short bonds are likely to outperform long bonds going forward. Globally yields softened post Fed rate hike on account of global risk off event. Significant news surrounded upcoming elections in France. We believe this was mainly a risk on event and positive for the global economy. 11

AXIS LIQUID FUND (AN OPEN-ENDED LIQUID SCHEME) INVESTMENT OBJECTIVE: To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. FACTSHEET ^^ FUND STYLE 9th October 2009 18,852.08 Cr. 18,450.91Cr. Crisil Liquid Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality Credit Risk Rating [ICRA] A1mfs^ CARE AAA mfs^ AVERAGE MATURITY* 29 days MODIFIED DURATION* 27 days YIELD (YIELD TO MATURITY & ) 6.38% Mr. Devang Shah Work experience: 11 years. 5th November 2012. Mr. Aditya Pagaria Work experience: 9 years. 13th August 2016. COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Total Money Market Instruments* - 98.29% ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ Corporate Bond - 1.58% CRISIL A1+(SO)/ IND A1+/ BWR AAA/ IND A1+(SO) & Zero Coupon Bond - 0.13% Equivalent - 81.78% SOV - 16.95% CRISIL AA+ - 1.14% * Includes Net Current Assets ICRA AA - 0.13% PERFORMANCE (as on 30th April 2017) date Axis Liquid Fund - Growth 7.14% 8.07% 8.55% 8.14% 18,076 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.31% 7.74% 17,570 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.56% 16,166 Axis Liquid Fund - Direct Plan - Growth 7.23% 8.15% 0.00% 8.51% 14,242 09-Oct-09 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 0.00% 8.35% 14,152 31-Dec-12 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 0.00% 7.33% 13,586 Axis Liquid Fund - Retail Plan - Growth 6.58% 7.52% 8.02% 7.90% 17,253 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.31% 8.01% 17,373 01-Mar-10 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.78% 16,005 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 1,000 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on Page 28-29 for performance of all schemes managed by the fund managers. DIVIDENDS Regular Plan Retail Plan Direct Plan Dividend (` Per Dividend (` Per Dividend (` Per unit) unit) unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Individuals/ (Cum (Ex Apr 25, 2017 3.8378 3.5556 1,005.9031 1,000.5896 3.5322-1,005.1100 1,000.2195 3.8846-1,005.5976 1,000.2192 Monthly Mar 27, 2017 3.6880 3.4169 1,005.6958 1,000.5896 3.3854-1,004.9065 1,000.2195 3.7321-1,005.3864 1,000.2192 Dividend Feb 27, 2017 4.3256 4.0076 1,006.5786 1,000.5896 3.9701-1,005.7162 1,000.2195 4.3799-1,006.2833 1,000.2192 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. RATING % OF AS- SETS TOTAL MONEY MARKET 94.36 INSTRUMENTS^ BANKS 17.14 IndusInd Bank Limited CRISIL A1+ 4.99 HDFC Bank Limited INTERNAL A1+ 3.10 RBL Bank Limited ICRA A1+ 2.56 The Federal Bank Limited CRISIL A1+ 2.04 IDFC Bank Limited ICRA A1+ 1.35 ICICI Bank Limited ICRA A1+ 1.03 Oriental Bank of Commerce CRISIL A1+ 0.78 Abu Dhabi Commercial Bank (ADCB) CRISIL A1+ 0.52 Yes Bank Limited ICRA A1+ 0.49 HDFC Bank Limited CARE A1+ 0.26 The South Indian Bank Limited CARE A1+ 0.03 OTHERS 60.28 Export Import Bank of India CRISIL A1+ 6.82 Small Industries Dev Bank of India CARE A1+ 3.99 Reliance Jio Infocomm Limited CARE A1+ 3.27 Welspun Renewables Energy IND A1+(SO) 3.09 Private Limited Edelweiss Commodities Services Ltd CRISIL A1+ 3.08 Indiabulls Housing Finance Limited CRISIL A1+ 2.82 NABARD CRISIL A1+ 2.59 Tata Steel Limited IND A1+ 2.58 Piramal Finance Private Limited ICRA A1+ 2.58 HDFC Limited ICRA A1+ 1.94 Aditya Birla Finance Ltd ICRA A1+ 1.83 Network18 Media & Investments Limited ICRA A1+ 1.71 Tata Capital Financial Services Ltd ICRA A1+ 1.61 JSW Steel Limited CARE A1+ 1.55 Sun Pharmaceutical Industries Limited ICRA A1+ 1.55 L&T Finance Ltd CARE A1+ 1.52 Adani Transmission Limited IND A1+ 1.16 Vedanta Limited CRISIL A1+ 1.09 IIFL Wealth Finance Limited ICRA A1+ 1.03 India Infoline Finance Ltd ICRA A1+ 1.03 Gruh Finance Limited CRISIL A1+ 1.03 CESC Limited CARE A1+ 0.98 Hero Fincorp Limited CRISIL A1+ 0.77 Redington (India) Limited ICRA A1+ 0.77 Reliance Capital Limited ICRA A1+ 0.75 Shapoorji Pallonji and ICRA A1+ 0.73 Company Private Ltd Muthoot Finance Limited CRISIL A1+ 0.73 Tata Power Company Limited ICRA A1+ 0.65 IFMR Capital Finance Pvt Ltd ICRA A1+ 0.65 Mahindra & Mahindra Financial CRISIL A1+ 0.60 Services Limited Aditya Birla Fashion CRISIL A1+ 0.52 and Retail Limited CRISIL Talwandi Sabo Power Ltd 0.52 A1+(SO) Emami Limited CRISIL A1+ 0.52 TVS Credit Services Ltd ICRA A1+ 0.52 Bajaj Finance Limited ICRA A1+ 0.39 Cholamandalam Investment and ICRA A1+ 0.39 Finance Company Limited Mahindra Rural Housing Finance IND A1+ 0.39 TGS Investment & Trade Pvt Ltd ICRA A1+ 0.26 Trapti Trading & Invest Pvt Ltd ICRA A1+ 0.26 JM Financial Limited ICRA A1+ 0.26 Adani Ports and Special ICRA A1+ 0.26 Economic Zone Limited Godrej Industries Limited ICRA A1+ 0.26 TVS Credit Services Ltd CRISIL A1+ 0.26 SRF Limited IND A1+ 0.26 Adani Gas Ltd. CARE A1+ 0.26 IDFC Infrastructure Finance Limited ICRA A1+ 0.21 NTPC Limited CRISIL A1+ 0.13 Hindustan Zinc Limited CRISIL A1+ 0.13 Aditya Birla Nuvo Limited ICRA A1+ 0.03 TREASURY BILL 16.95 15 Days CMB Sovereign 5.93 91 Days Tbill Sovereign 5.92 182 Days Tbill Sovereign 3.19 364 Days Tbill Sovereign 1.91 TOTAL DEBT 1.71 CORPORATE BOND 1.58 Tata Capital Financial Services Ltd CRISIL AA+ Emami Limited CRISIL AA+ 0.39 Dewan Housing Finance CARE AAA 0.16 Corporation Limited LIC Housing Finance Limited CRISIL AAA 0.13 Indiabulls Housing Finance Limited BWR AAA 0.09 Power Finance Corporation Limited CRISIL AAA 0.05 ZERO COUPON BOND 0.13 JM Financial Products Ltd ICRA AA 0.13 NET CURRENT ASSETS 3.93 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/Treasury Bill ^^Aggregate Investments by other schemes of Axis Mutual Fund as on April 30, 2017 - Rs.79,400 Lakhs NIL 12 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS TREASURY ADVANTAGE FUND FACTSHEET (AN OPEN-ENDED DEBT SCHEME) 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. FUND STYLE 9th October 2009 3,358.41Cr. 3,712.11Cr. Crisil Liquid Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality Credit Risk Rating [ICRA] A1+mfs^ AVERAGE MATURITY * 154 days MODIFIED DURATION * 138 days YIELD (YIELD TO MATURITY & ) 6.88% Total Money Market Instruments* - 63.27% Corporate Bond - 33.26% Zero Coupon Bond - 3.47% * Includes Net Current Assets Mr. Devang Shah Work experience: 11 years. 07th June 2016. Mr. Aditya Pagaria Work experience: 9 years. 13th August 2016. COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) PERFORMANCE (as on 28th April 2017) ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND A1+/ BWR AAA/ IND AAA & Equivalent - 84.73% CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+/ BWR AA+ 7.69%, ICRA AA/ CRISIL AA - 5.42%, SOV - 2.17% date Axis Treasury Advantage Fund - Growth 7.63% 8.21% 8.70% 8.28% 18,244 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.32% 7.74% 17,564 09-Oct-09 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.56% 16,161 Axis Treasury Advantage Fund - Direct Plan - Growth 8.07% 8.68% - 9.02% 14,524 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% - 8.35% 14,145 01-Jan-13 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.33% 13,575 Axis Treasury Advantage Fund - Retail Plan - Growth 6.96% 7.54% 7.92% 7.82% 17,148 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.32% 8.01% 17,357 03-Mar-10 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.78% 15,998 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 1,000 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 46 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on 28-29 for performance of all schemes managed by the fund managers. DIVIDENDS Regular Plan Retail Plan Direct Plan Dividend (` Per Dividend (` Per Dividend (` Per unit) unit) unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Individuals/ (Cum (Ex Apr 25, 2017 3.8895 3.6035 1,010.8365 1,005.4514 3.8126-1,010.7267 1,005.4482 4.3438 4.0185 1,011.4672 1,005.4530 Monthly Mar 27, 2017 3.4835 3.2274 1,010.2744 1,005.4514 3.2111-1,009.8945 1,005.4482 3.8444 3.5598 1,010.7759 1,005.4530 Dividend Feb 27, 2017 4.3873 4.0647 1,011.5258 1,005.4514 3.9356-1,010.8975 1,005.4482 4.6400 4.2924 1,011.8772 1,005.4530 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. RATING % OF ASSETS Total Money Market Instruments^ 29.79 Banks 11.19 HDFC Bank Limited CARE A1+ 7.57 Kotak Mahindra Bank Limited CRISIL A1+ 2.00 IndusInd Bank Limited CRISIL A1+ 0.94 IDFC Bank Limited ICRA A1+ 0.40 Oriental Bank of Commerce CRISIL A1+ 0.27 OTHERS 16.43 Shapoorji Pallonji and Company Private Ltd ICRA A1+ 3.96 Adani Transmission Limited IND A1+ 3.48 Indian Railway Finance Corp Ltd CRISIL A1+ 1.97 Aditya Birla Finance Ltd ICRA A1+ 1.34 HDFC Limited ICRA A1+ 1.33 Adani Ports and Special Economic Zone Limited ICRA A1+ 1.29 L&T Finance Ltd CARE A1+ 1.06 Small Industries Dev Bank of India CARE A1+ 0.67 Barclays Invest & Loans India Ltd ICRA A1+ 0.65 Export Import Bank of India CRISIL A1+ 0.27 Hindustan Zinc Limited CRISIL A1+ 0.13 Vodafone India Ltd CRISIL A1+ 0.13 Piramal Finance Private Limited ICRA A1+ 0.13 TREASURY BILL 2.17 91 Days Tbill Sovereign 2.17 TOTAL DEBT 36.73 CORPORATE BOND 33.26 Indiabulls Housing Finance Limited BWR AAA 4.53 NABARD CRISIL AAA 3.03 Citicorp Finance India Ltd ICRA AAA 2.43 Power Finance Corporation Limited CRISIL AAA 2.38 Tata Capital Financial Services Ltd CRISIL AA+ 2.04 L&T Finance Ltd CARE AA+ 2.03 Indian Railway Finance Corp Ltd CRISIL AAA 2.02 LIC Housing Finance Limited CRISIL AAA 1.50 Piramal Finance Private Limited ICRA AA 1.37 Export Import Bank of India CRISIL AAA 1.35 Edelweiss Commodities Services Ltd CRISIL AA 1.35 Daimler Financial Services India Pvt Ltd IND AAA 1.08 JM Financial Products Ltd CRISIL AA 1.08 Small Industries Dev Bank of India CARE AAA 0.88 UPL Limited BWR AA+ 0.69 L&T Infrastructure Finance Co Ltd CARE AA+ 0.68 HDB Financial Services Ltd CRISIL AAA 0.68 Indiabulls Housing Finance Limited CARE AAA 0.68 Tata Power Company Limited ICRA AA 0.67 Mahindra Rural Housing Finance IND AA+ 0.67 Shriram Transport Finance CRISIL AA+ 0.51 Company Limited Mahindra & Mahindra Financial IND AAA 0.41 Services Limited Cholamandalam Investment and ICRA AA 0.41 Finance Company Limited Emami Limited CRISIL AA+ 0.38 Power Grid Corporation of India Limited CRISIL AAA 0.28 Reliance Jio Infocomm Limited CRISIL AAA 0.14 ZERO COUPON BOND 3.47 Dewan Housing Finance Corporation Limited CARE AAA 2.24 Sundaram BNP Paribas Home Finance Ltd ICRA AA+ 0.68 JM Financial Products Ltd ICRA AA 0.55 NET CURRENT ASSETS 33.48 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/Treasury Bill NIL 13 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS SHORT TERM FUND (AN OPEN-ENDED DEBT SCHEME) INVESTMENT OBJECTIVE: To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. FUND STYLE FACTSHEET 22nd January 2010 6,465.05 Cr. 6,441.16 Cr. Crisil Short Term Bond Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality Credit Risk Rating [ICRA]AAAmfs $ AVERAGE MATURITY * 2.1 years MODIFIED DURATION * 1.8 years YIELD (YIELD TO MATURITY & ) 7.39% Corporate Bond - 72.62% Total Money Market Instruments* - 16.52% State Government Bond - 7.95% Zero Coupon Bond - 2.40% Government Bond - 0.51% * Includes Net Current Assets Mr. Devang Shah Work experience: 11 years. 5th November 2012. COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) PERFORMANCE (as on 28th April 2017) date Axis Short Term Fund - Growth 8.48% 8.85% 8.79% 8.29% 17,845 Crisil Short Term Bond Fund Index Benchmark) 8.69% 9.18% 9.05% 8.30% 17,848 22-Jan-10 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.71% 16,036 Axis Short Term Fund - Direct Plan - Growth 9.23% 9.72% - 9.41% 14,755 Crisil Short Term Bond Fund Index (Benchmark) 8.69% 9.18% - 9.04% 14,536 01-Jan-13 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.33% 13,575 Axis Short Term Fund - Retail Plan - Growth 8.48% 8.86% 8.72% 8.25% 17,644 Crisil Short Term Bond Fund Index (Benchmark) 8.69% 9.18% 9.05% 8.39% 17,811 02-Mar-10 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.78% 15,998 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes of Axis Mutual Fund. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager. DIVIDENDS ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND AAA/ BWR AAA/ CRISIL AAA(SO) & Equivalent - 81.96% SOV - 9.61% ICRA AA/ CRISIL AA -4.53% CRISIL AA+/ CARE AA+/ ICRA AA+ -3.90% Regular Plan Retail Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Dividend (` Per unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Individuals/ (Cum (Ex Apr 25, 2017 0.0397 0.0368 10.2432 10.1882 0.0387 0.0358 10.0885 10.0349 0.0427 0.0395 10.0954 10.0363 Monthly Mar 27, 2017 0.0375 0.0348 10.2368 10.1848 0.0360 0.0334 10.0808 10.0309 0.0400 0.0371 10.0877 10.0323 Dividend Feb 27, 2017 0.0382 0.0354 10.2512 10.1982 0.0379 0.0351 10.0952 10.0427 0.0424 0.0393 10.1031 10.0443 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. RATING % OF ASSETS TOTAL DEBT 83.48 CORPORATE BOND 72.62 Power Finance Corporation Limited CRISIL AAA 10.00 Rural Electrification Corporation Limited CRISIL AAA 8.98 HDFC Limited CRISIL AAA 7.91 NABARD CRISIL AAA 7.46 Reliance Jio Infocomm Limited CRISIL AAA 6.39 LIC Housing Finance Limited CRISIL AAA 4.01 Indiabulls Housing Finance Limited BWR AAA 2.58 Power Grid Corporation of India Limited CRISIL AAA 2.42 Vodafone Mobile Services Ltd CRISIL AA 2.35 Dewan Housing Finance Corporation Limited BWR AAA 2.08 HDB Financial Services Ltd CRISIL AAA 1.96 Tata Sons Ltd CRISIL AAA 1.82 Shriram Transport Finance Company Limited CRISIL AA+ 1.68 Mahindra & Mahindra Financial Services Limited IND AAA 1.41 Gruh Finance Limited ICRA AAA 1.17 Small Industries Dev Bank of India CARE AAA 1.17 Nirma Ltd CRISIL AA 1.09 Cholamandalam Investment and Finance Company Limited ICRA AA 1.09 State Bank of India CRISIL AAA 0.94 Daimler Financial Services India Pvt Ltd IND AAA 0.93 Tata Capital Financial Services Ltd ICRA AA+ 0.79 Oriental Nagpur Betul way Limited CRISIL AAA(SO) 0.70 L&T Infrastructure Finance Co Ltd CARE AA+ 0.63 IDFC Bank Limited ICRA AAA 0.62 Citicorp Finance India Ltd ICRA AAA 0.54 Tata Motors Limited CARE AA+ 0.41 Bajaj Finance Limited CRISIL AAA 0.39 Rural Electrification Corporation Limited CARE AAA 0.32 UltraTech Cement Limited CRISIL AAA 0.29 Bajaj Finance Limited CARE AAA 0.17 Larsen & Toubro Limited CRISIL AAA 0.14 Export Import Bank of India CRISIL AAA 0.09 Indiabulls Housing Finance Limited CARE AAA 0.08 Indian Railway Finance Corp Ltd CRISIL AAA 0.01 STATE GOVERNMENT BOND Sovereign 7.95 ZERO COUPON BOND 2.40 Dewan Housing Finance Corporation Limited CARE AAA 1.64 Sundaram BNP Paribas Home Finance Ltd ICRA AA+ 0.39 Mahindra & Mahindra Financial Services Limited IND AAA 0.17 Indiabulls Housing Finance Limited CARE AAA 0.17 Axis Finance Limited IND AAA 0.02 HDB Financial Services Ltd CRISIL AAA 0.003 GOVERNMENT BOND Sovereign 0.51 TOTAL MONEY MARKET INSTRUMENTS^ 12.68 BANKS 6.22 HDFC Bank Limited CARE A1+ 2.68 IDFC Bank Limited ICRA A1+ 1.12 NABARD CRISIL A1+ 1.03 IndusInd Bank Limited CRISIL A1+ 1.01 ICICI Bank Limited ICRA A1+ 0.38 OTHERS 5.31 Indian Railway Finance Corp Ltd CRISIL A1+ 2.27 Vodafone Mobile Services Ltd CRISIL AA 1.52 NABARD CRISIL A1+ 1.52 TREASURY BILL 1.15 91 Days Tbill Sovereign 1.15 NET CURRENT ASSETS 3.84 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/ Treasury Bill/ NIL (w.e.f. 28th August 2015) 14 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS DYNAMIC BOND FUND (AN OPEN-ENDED DEBT FUND) FACTSHEET INVESTMENT OBJECTIVE: To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. FUND STYLE 27th April 2011 337.03 Cr. 336.57 Cr. Crisil Composite Bond Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality AVERAGE MATURITY* 7.2 years MODIFIED DURATION* 4.5 years YIELD (YIELD TO MATURITY & ) 7.47% Mr. R. Sivakumar Work experience: 18 years. inception Mr. Devang Shah Work experience: 11 years. 5th November 2012. RATING % OF ASSETS TOTAL DEBT 86.12 STATE GOVERNMENT BOND Sovereign 45.68 CORPORATE BOND 26.35 Power Finance Corporation Limited CRISIL AAA 8.90 Reliance Gas Transportation Infrastructure Ltd Rural Electrification Corporation Limited Power Grid Corporation of India Limited CRISIL AAA 5.36 CRISIL AAA 2.46 CRISIL AAA 1.54 Vedanta Limited CRISIL AA- 1.50 COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) State Government Bond - 45.68% SOV - 59.77% Corporate Bond - 26.35% CRISIL AAA & Equivalent - 35.95% Government Bond - 14.09% Total Money Market Instruments* - 13.88% ICRA AA - - 2.78% ICRA AA+ - 1.49% * Includes Net Current Assets ICICI Bank Limited ICRA AA+ 1.49 Tata Sons Ltd CRISIL AAA 1.48 NABARD CRISIL AAA 1.48 Tata Power Company Limited CRISIL AA- 1.28 Options PERFORMANCE (as on 28th April 2017) Record Date Dividend (` Per unit) Individuals/ Regular Plan (Cum (Ex Dividend (` Per unit) Individuals/ date Axis Dynamic Bond Fund - Growth 9.96% 10.32% 9.20% 9.14% 16,913 Crisil Composite Bond Fund Index (Benchmark) 10.07% 10.93% 9.28% 9.09% 16,870 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.66% 15,577 Axis Dynamic Bond Fund - Direct Plan -Growth 10.95% 11.61% - 10.30% 15,278 Direct Plan (Cum 27-Apr-11 Crisil Composite Bond Fund Index (Benchmark) 10.07% 10.93% - 9.23% 14,647 01-Jan-13 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.78% 13,826 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. Calculations are based on Growth Option. inception returns are calculated at Rs. 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 5 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 46 schemes. Please refer to annexure on Page 28&29 for performance of all schemes managed by the fund managers. DIVIDENDS (Ex Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203 Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017 Half Yearly Dividend Mar 28, 2016 0.3611 0.3345 11.0764 10.5764 0.3611 0.3345 11.4947 10.9947 Sep 28, 2015 0.2889 0.2676 11.1709 10.7709 0.2889 0.2676 11.5136 11.1136 Mar 27, 2017 0.1806 0.1673 10.7941 10.5441 0.1806 0.1673 11.4189 11.1689 Quarterly Dividend Dec 26, 2016 0.1805 0.1672 10.9387 10.6887 0.1805 0.1672 11.5337 11.2837 Sep 26, 2016 0.1806 0.1673 10.9510 10.7010 0.1806 0.1673 11.5087 11.2587 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. 15 India Infrastructure Fin Co Ltd CRISIL AAA 0.86 GOVERNMENT BOND Sovereign 14.09 NET CURRENT ASSETS 13.88 NET ASSETS 100% If redeemed/switched out within 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% If redeemed/switched out after 12 months from the date of allotment: Nil (w.e.f. 22nd June 2015 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS REGULAR SAVINGS FUND (AN OPEN-ENDED DEBT SCHEME) FACTSHEET INVESTMENT OBJECTIVE: To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. FUND STYLE 28th March 2012 262.21 Cr. 279.76 Cr. Crisil Composite Bond Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality AVERAGE MATURITY * 3 years MODIFIED DURATION * 2.4 years YIELD (YIELD TO MATURITY & ) 8.43% Options Record Date Dividend (` Per unit) Individuals/ Mr. Devang Shah Work experience: 11 years. 5th November 2012. Regular Plan (Cum COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) BWR A1+(SO)/ CRISIL AAA/ BWR AAA/ CRISIL AAA(SO)/ & Corporate Bond - 84.95%, Zero Coupon Bond - 6.72%, Equivalent - 41.40% Total Money Market Instruments* - 4.77%, ICRA AA/ CRISIL AA/ CARE AA/ CARE AA(SO)/ IND AA - 29.21% Government Bond - 2.09%, CRISIL AA-/ BWR AA-(SO)/ CARE AA- -12.44% State Government Bond - 1.47% BWR A+(SO)/ CARE A+/ ICRA A+ - 8.35% * Includes Net Current Assets ICRA AA+/ IND AA+- 5.05% SOV - 3.56% PERFORMANCE (as on 28th April 2017) (Ex Dividend (` Per unit) Individuals/ date Direct Plan (Cum Axis Regular Savings Fund - Growth 10.33% 10.57% 9.40% 9.45% 15,834 Crisil Composite Bond Fund Index (Benchmark) 10.07% 10.93% 9.28% 9.31% 15,726 28-Mar-12 Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 8.44% 15,103 Axis Regular Savings Fund - Direct Plan - Growth 11.04% 11.61% - 10.14% 15,159 Crisil Composite Bond Fund Index (Benchmark) 10.07% 10.93% - 9.16% 14,585 07-Jan-13 Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.63% 13,723 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes of Axis Mutual Fund. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager. DIVIDENDS (Ex Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724 Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564 Mar 28, 2016 0.3611 0.3345 11.2292 10.7292 0.3611 0.3345 11.3351 10.8351 Sep 28, 2015 0.2889 0.2676 11.3054 10.9054 0.2889 0.2676 11.3459 10.9459 Mar 27, 2017 0.1806 0.1673 10.7549 10.5049 0.1806 0.1673 11.2694 11.0194 Quarterly Dividend Dec 26, 2016 0.1805 0.1672 10.8011 10.5511 0.1805 0.1672 11.2898 11.0398 Sep 26, 2016 0.1806 0.1673 10.8953 10.6453 0.1806 0.1673 11.3606 11.1106 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. 16 RATING % OF ASSETS TOTAL DEBT 95.23 CORPORATE BOND 84.95 Rural Electrification Corporation Limited CRISIL AAA 6.85 Power Finance Corporation Limited CRISIL AAA 6.40 Dewan Housing Finance Corporation Limited BWR AAA 5.41 Reliance Gas Transportation Infrastructure Ltd CRISIL AAA 4.28 Oriental Nagpur Betul way Limited CRISIL AAA(SO) 3.95 Muthoot Finance Limited CRISIL AA 3.94 Reliance Jio Infocomm Limited CRISIL AAA 3.65 Nirchem Cement Limited CRISIL AA 3.61 ICICI Bank Limited ICRA AA+ 3.60 Indiabulls Housing Finance Limited BWR AAA 3.59 Birla Corporation Limited ICRA AA 3.58 Tube Investments of India Limited CRISIL AA 3.55 Tata Power Company Limited CRISIL AA- 3.48 JM Financial Products Ltd CRISIL AA 3.22 Hinduja Leyland Finance Ltd CARE A+ 2.86 Hindalco Industries Limited CRISIL AA- 2.63 Hansdeep Industries & Trading Co. Ltd. Cyquator Media Services Private Limited # CARE AA(SO) BWR A1+(SO) 2.57 2.50 PVR Limited CRISIL AA- 1.91 ECL Finance Ltd ICRA AA 1.82 Equitas Small Finance Bank Limited CARE A+ 1.81 India Infoline Finance Ltd ICRA AA 1.80 Ujjivan Small Finance Bank Ltd ICRA A+ 1.79 JK Lakshmi Cement Limited CARE AA 1.77 IndoStar Capital Finance Ltd CARE AA- 1.50 Adani Transmission Limited IND AA+ 1.45 SRF Limited IND AA 1.44 ZERO COUPON BOND 6.72 Adani Power Limited BWR AA-(SO) 2.93 Edelweiss Commodities Services Ltd CARE AA 1.91 Amri Hospitals Ltd ## BWR A+(SO) 1.88 GOVERNMENT BOND Sovereign 2.09 STATE GOVERNMENT BOND Sovereign 1.47 NET CURRENT ASSETS 4.77 NET ASSETS 100% # Secured by shares of Zee Entertainment Enterprises Ltd ## Secured by shares of Emami Ltd If redeemed / switched-out within 12 months from the date of allotment For 10% of investment : Nil For remaining investment : 1% If redeemed/switched out after 12 months from the date of allotment : Nil (w.e.f. 30th June 2016) Note: Note: The scheme was reanamed earlier known as Axis Income Fund and was renamed w.e.f. April 10, 2017. Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS FIXED INCOME OPPORTUNITIES FUND FACTSHEET (AN OPEN-ENDED DEBT SCHEME) INVESTMENT OBJECTIVE: To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. FUND STYLE 15th July 2014 1,793.34 Cr. 1,832.83 Cr. Crisil Short Term Bond Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality AVERAGE MATURITY * 2.8 years MODIFIED DURATION * 2.2 years YIELD (YIELD TO MATURITY & ) 8.04% Mr. Devang Shah Work experience: 11 years. He has been managing this fund since inception. COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Corporate Bond - 66.72% CRISIL A1+/ CARE A1+/ BWR A1+(SO)/ CRISIL AAA/ CARE AAA/ State Government Bond -12.13% BWR AAA/ ICRA AAA/ CRISIL AAA(SO) & Equivalent - 39.72% Zero Coupon Bond - 11.09% ICRA AA/ CRISIL AA/ CARE AA/ ICRA AA(SO)/ CARE AA(SO) - 29.66% Total Money Market Instruments* - 8.40% SOV - 13.79% CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+/ Government Bond - 1.66% BWR AA+ - 6.57% * Includes Net Current Assets BWR A+(SO)/ ICRA A+/ CARE A+ - 5.94% IND AA-(SO)/ CARE AA-/ BWR AA-(SO) - 4.32% PERFORMANCE (as on 28th April 2017) date Axis Fixed Income Opportunities Fund - Growth 8.65% - - 9.50% 12,879 CRISIL Short-Term Bond Fund Index (Benchmark) 8.69% - - 9.10% 12,749 15-Jul-14 CRISIL T-Bill (Additional Benchmark) 6.63% - - 7.66% 12,285 Axis Fixed Income Opportunities Fund - Direct Plan - Growth 10.08% - - 10.66% 13,264 CRISIL Short-Term Bond Fund Index (Benchmark) 8.69% - - 9.10% 12,749 15-Jul-14 CRISIL T-Bill (Additional Benchmark) 6.63% - - 7.66% 12,285 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 46 schemes. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager. DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Apr 25, 2017 0.0426 0.0395 10.1803 10.1213 0.0483-10.1241 10.0571 Monthly Dividend Mar 27, 2017 0.0330 0.0305 10.1623 10.1167 0.0399-10.1061 10.0508 Feb 27, 2017 0.0363 0.0336 10.1672 10.1169 0.0442-10.1127 10.0514 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. For 30% of investment: Nil For remaining investment: 1.5% if redeemed/switched out within 1 year, 1% if redeemed/switched out after 1 year and upto 2 years, 0.5% if redeemed/switched out after 2 years and upto 3 years from the date of allotment (w.e.f. 14th December 2015) 17 RATING % OF ASSETS TOTAL DEBT 91.60 CORPORATE BOND 66.72 Power Finance Corporation Limited CRISIL AAA 9.83 Nirma Ltd CRISIL AA 4.38 Muthoot Finance Limited CRISIL AA 3.66 NABARD CRISIL AAA 3.25 Rural Electrification Corporation Limited CRISIL AAA 3.24 Nirchem Cement Limited CRISIL AA 2.77 ECL Finance Ltd ICRA AA 2.50 Reliance Jio Infocomm Limited CRISIL AAA 2.33 Hinduja Leyland Finance Ltd CARE A+ 2.29 ICICI Bank Limited ICRA AA+ 2.20 Oriental Nagpur Betul way CRISIL Limited AAA(SO) 2.18 Birla Corporation Limited ICRA AA 2.18 Tube Investments of India Limited CRISIL AA 2.17 Cyquator Media Services Private BWR Limited # A1+(SO) 2.08 Limited Power Grid Corporation of India CRISIL AAA 1.97 JK Lakshmi Cement Limited CARE AA 1.89 UPL Limited BWR AA+ 1.69 Dewan Housing Finance Corporation Limited BWR AAA 1.65 Ujjivan Small Finance Bank Ltd ICRA A+ 1.64 Cholamandalam Investment and Finance Company Limited ICRA AA 1.55 IndoStar Capital Finance Ltd CARE AA- 1.38 Hansdeep Industries & Trading Co. Ltd. CARE AA(SO) 1.28 Shriram Transport Finance Company Limited CRISIL AA+ 1.28 India Infoline Finance Ltd ICRA AA 1.24 Indiabulls Housing Finance Limited BWR AAA 1.22 LIC Housing Finance Limited CRISIL AAA 1.21 JM Financial Products Ltd CRISIL AA 0.87 Adani Transmission Limited IND AA+ 0.83 HDFC Limited CRISIL AAA 0.83 Tata Motors Limited CARE AA+ 0.58 Tata Power Company Limited ICRA AA 0.50 IDFC Bank Limited ICRA AAA 0.06 STATE GOVERNMENT BOND Sovereign 12.13 ZERO COUPON BOND 11.09 Adani Power Limited BWR AA-(SO) 2.35 Amri Hospitals Ltd ## BWR A+(SO) 2.01 Tata Motors Finance Ltd CRISIL AA 1.69 SVL Ltd. ICRA AA(SO) 1.51 Dewan Housing Finance Corporation Limited CARE AAA 1.46 Edelweiss Commodities Services Ltd CARE AA 0.73 Dev Infracity Pvt Ltd ~ IND AA-(SO) 0.59 Cholamandalam Investment and Finance Company Limited ICRA AA 0.41 India Infoline Finance Ltd ICRA AA 0.34 GOVERNMENT BOND Sovereign 1.66 TOTAL MONEY MARKET INSTRUMENTS^ 3.47 BANKS 3.19 HDFC Bank Limited CARE A1+ 3.19 OTHERS 0.27 Edelweiss Commodities Services Ltd 0.27 NET CURRENT ASSETS 4.94 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/ ~ Secured by shares of Emami Ltd/ # Secured by shares of Zee Entertainment Enterprises Ltd/ ## Secured by shares of Emami Ltd Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS CONSTANT MATURITY 10 YEAR FUND (AN OPEN-ENDED GILT SCHEME) INVESTMENT OBJECTIVE: To generate returns similar to that of 10 year government bonds. FACTSHEET FUND STYLE 23rd January 2012 86.98 Cr. 86.94 Cr. Crisil 10 Year Gilt Index Internal Rate Sensitivity Med Low Mid Low Credit Quality AVERAGE MATURITY* 9 years MODIFIED DURATION* 6 years YIELD (YIELD TO MATURITY & ) 7.19% Mr. Devang Shah Work experience: 11 years. 5th November 2012. % OF ASSETS TOTAL DEBT 97.56 GOVERNMENT BOND 97.56 7.68% GOI 32.03 8.28% GOI 15.35 7.61% GOI 11.83 7.59% GOI 10.12 6.79% GOI 9.18 8.60% GOI 8.62 8.20% GOI 3.64 8.83% GOI 2.50 7.35% GOI 2.32 COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Government Bond - 97.56%, Total Money Market Instruments* - 2.44% SOV & Equivalent - 100.00% 8.40% GOI 1.96 NET CURRENT ASSETS 2.44 NET ASSETS 100% * Includes Net Current Assets PERFORMANCE (as on 28th April 2017) date Axis Constant Maturity 10 Year Fund - Growth 9.05% 10.34% 8.06% 7.47% 14,615 Crisil 10 Year Gilt Index (Benchmark) 9.64% 10.76% 8.51% 7.87% 14,899 23-Jan-12 Axis Constant Maturity 10 Year Fund - Direct Plan - Growth 9.61% 10.89% - 8.07% 13,984 Crisil 10 Year Gilt Index (Benchmark) 9.64% 10.76% - 7.78% 13,826 01-Jan-13 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 46 schemes. Please refer to annexure on Page 29 for performance of all schemes managed by the fund manager. DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - - Sep 26, 2016 0.1806 0.1673 11.9880 11.7380 - - - - Half Yearly Dividend Mar 28, 2016 0.3611 0.3345 11.5547 11.0547 0.3611 0.3345 11.7019 11.2019 Jan 25, 2017 0.1120 0.1540 10.2619 10.1068 0.1153-10.2694 10.1098 Dec 26, 2016 0.0632 0.0883 10.1460 10.0584 0.0666-10.1537 10.0615 Regular Dividend Nov 25, 2016 0.2295 0.3169 10.8078 10.4900 0.2329-10.8159 10.4934 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. NIL 18 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS BANKING & PSU DEBT FUND (AN OPEN-ENDED DEBT SCHEME) INVESTMENT OBJECTIVE: To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs).The scheme shall endeavor to generate optimum returns with low credit risk. FUND STYLE FACTSHEET 8th June 2012 604.99 Cr. 610.81 Cr. Crisil Short Term Bond Fund Index Internal Rate Sensitivity Med Low Mid Low Credit Quality Credit Risk Rating [ICRA] AAAmfs $ AVERAGE MATURITY* 404 days MODIFIED DURATION* 349 days YIELD (YIELD TO MATURITY & ) 6.91% Mr. Aditya Pagaria Work experience: 9 years. 13th August 2016. RATING % OF ASSETS Total Debt 51.03 Corporate Bond 51.03 Rural Electrification Corporation Limited CRISIL AAA 10.85 Power Finance Corporation Limited CRISIL AAA 9.95 NABARD CRISIL AAA 9.03 Indiabulls Housing Finance Limited BWR AAA 4.79 Mahindra Rural Housing Finance IND AA+ 4.09 Small Industries Dev Bank of India CARE AAA 3.84 LIC Housing Finance Limited CRISIL AAA 3.31 COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Corporate Bond - 51.03% Total Money Market Instruments* - 48.97% * Includes Net Current Assets PERFORMANCE (as on 28th April 2017) ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ BWR AAA & Equivalent - 95.09% ICRA AA+/ IND AA+ - 4.91% date Axis Banking & PSU Debt Fund - Growth 7.86% 8.49% - 8.70% 15,038 Crisil Short Term Bond Fund Index (Benchmark) 8.69% 9.18% - 9.06% 15,282 08-Jun-12 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.37% 14,157 Axis Banking & PSU Debt Fund - Direct Plan - Growth 8.05% 8.68% - 8.79% 14,394 Crisil Short Term Bond Fund Index (Benchmark) 8.69% 9.18% - 9.04% 14,536 01-Jan-13 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.33% 13,575 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 1,000 invested at inception. The scheme is in existence for less than 5 years, hence performance for 5 years period are not provided. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 3 schemes. Please refer to annexure on Page 28-29 for performance of all schemes managed by the fund manager. DIVIDENDS Dewan Housing Finance Corporation Limited Power Grid Corporation of India Limited BWR AAA 2.65 CRISIL AAA 1.70 ICICI Bank Limited ICRA AA+ 0.82 TOTAL MONEY MARKET INSTRUMENTS^ 45.81 BANKS 34.40 HDFC Bank Limited CARE A1+ 10.51 Kotak Mahindra Bank Limited CRISIL A1+ 8.13 ICICI Bank Limited ICRA A1+ 8.01 IndusInd Bank Limited CRISIL A1+ 7.74 OTHERS 11.42 Export Import Bank of India CRISIL A1+ 6.54 Small Industries Dev Bank of India CARE A1+ 4.06 NABARD CRISIL A1+ 0.82 NET CURRENT ASSETS 3.15 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper Options Record Date Dividend (` Per unit) Individuals/ Regular Plan (Cum (Ex Dividend (` Per unit) Individuals/ Direct Plan (Cum (Ex Apr 25, 2017 4.3868-1,013.5348 1,007.4611 4.4824-1,013.6682 1,007.4622 Monthly Dividend Mar 27, 2017 3.1732-1,011.8545 1,007.4611 3.2688-1,011.9880 1,007.4622 Feb 27, 2017 3.8926-1,012.8506 1,007.4611 4.0068-1,013.0101 1,007.4622 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. NIL (w.e.f. 14th July 2014) 19 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

HYBRID OUTLOOK MAY 2017 Quick Take - Equity Equity market valuations are broadly reasonable. We remain bullish on equities from a medium to long term perspective. Investors are suggested to have their asset allocation plan based on one s risk appetite and future goals in life. 18.5% 7.44% Quick Take - Fixed Income 6.96% 10 yr G-Sec : Last 1 year RBI maintains a pause in policy rate. Narrows corridor to address liquidity impact on shortterm yields. Limited room for rate cuts from here. Investor should look to invest in short to medium term funds as a core portfolio allocation. Investors who wish to participate in long bonds can look to do so through dynamic bond funds. Key highlights Indian equity markets were up 1.5 percent during the month of April. Midcap returns were also positive during the month as indicated by the BSE Midcap Index which delivered 5.4 percent. Market sentiment was helped by record buying by foreign investors in March and continued flows into April. April flows by Foreign Portfolio investors in equity and debt markets were at US$ 0.4 and 3.1 billion respectively. Simultaneously, flows into domestic funds have remained strong over the last several months. Headline consumer price index (CPI) stayed flattish at 3.7% over previous month. Food inflation was at a 4-month high of 2.5%. Manufacturing sentiment for the month of April remained flat vis-a-vis March. Both manufacturing and services have rebounded from the demonetisation hit. frequency data showed mixed results, with growth indicators still not broad-based. Personal vehicle sales rose during March to 10% (Y-o-Y). The most positive data from March was a surge in trade. Exports in absolute dollar terms showed robust growth (M-o-M). Domestic consumption (ex oil, ex gold) linked imports picked up substantially over the pace of the last three months. Surge in imports of machinery, industrial chemicals and electronic goods indicate demand recovery. Overall, the rural economy has not recovered completely as yet, from demonetisation as cash in circulation is still below the demonetisation level. In this context, the normal monsoon forecast for 2017 season and normal water storage levels as opposed to a deficiency last year, bode well for the coming months from a base year perspective. As per tax officials, the transition of tax payers to GST is progressing well with 71% of the indirect tax payer base (state and central combined) having already registered on the GST Network. The target date for GST implementation is 1 July the actual date is likely to be announced shortly. Big policy reforms are long-term positive, but impact short-term earnings. While 2HFY17 has seen the adverse impact of demonetization on earnings of select consumer-oriented sectors, FY18 could have some disruption from GST implementation. Having said that, results were off to a decent start with the earnings season for the fourth quarter kicking in. 20

AXIS EQUITY SAVER FUND (AN OPEN-ENDED EQUITY SCHEME) INVESTMENT OBJECTIVE: The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. Equity FUND STYLE FACTSHEET 14th August 2015 AVERAGE MATURITY @* 4.5 years MODIFIED DURATION @* 3.1 years YIELD (YIELD TO MATURITY & ) 7.63% TURNOVER # (1 YEAR) 5.76 times 738.66 Cr. 732.54 Cr. Mr. Anupam Tiwari Work experience: 10 years. 06th Oct 16 Crisil MIP Blended Fund Index Mr. R. Sivakumar Work experience: 18 years. He has been managing this fund since inception. COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Unhedged Equity - 43.90% BWR A1+(SO)/ CRISIL AAA/ BWR AAA & Equivalent - 17.77% Debt, Cash and Other SOV - 5.41% ICRA AA/ CRISIL AA - 4.24% Receivables - 33.92% Hedged Equity - 22.18% BWR A+(SO)/ ICRA A+ - 2.12% ICRA AA+ - 0.69% PERFORMANCE (as on 28th April 2017) If redeemed / switched-out within 12 months from the date of allotment, - For 10% of investments : NIL - For remaining investment : 1% If redeemed / switched - out after 12 months from the date of allotment : NIL date Axis Equity Saver Fund - Growth 11.25% - - 6.30% 11,100 CRISIL MIP Blended Index (Benchmark) 11.42% - - 9.30% 11,639 Nifty 50 (Additional Benchmark) 18.58% - - 5.30% 10,922 Axis Equity Saver Fund - Direct Plan - Growth 12.54% - - 7.65% 11,340 14-Aug-15 CRISIL MIP Blended Index (Benchmark) 11.42% - - 9.30% 11,639 14-Aug-15 Nifty 50 (Additional Benchmark) 18.58% - - 5.30% 10,922 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Anupam Tiwari is managing the scheme since 6th October 2016 and he manages 4 schemes & R. Sivakumar is managing the scheme since inception and he manages 5 schemes. Please refer to annexure on Page 28 & 29 for performance of all schemes managed by the fund managers. DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Options Record Date Individuals/ (Cum (Ex Individuals/ (Cum (Ex Apr 25, 2017 0.0625 0.0625 10.7025 10.6400 0.0625 0.0625 10.8925 10.8300 Apr 06, 2017 0.0625 0.0625 10.6225 10.5600 0.0625 0.0625 10.8925 10.8300 Monthly Dividend Feb 20, 2017 0.0130 0.0130 10.3330 10.3200 0.0520 0.0520 10.5320 10.4800 Apr 06, 2017 0.1875 0.1875 10.7675 10.5800 0.1875 0.1875 10.9575 10.7700 Quarterly Dividend Nov 02, 2016 0.0625 0.0625 10.3825 10.3200 0.0625 0.0625 10.5525 10.4900 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. # Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 21 Asset Class Debt Equity Arbitrage Low Mid Duration *Hedged Equity/ Cash-futures arbitrage RATING % OF ASSETS TOTAL DEBT 30.89 TOTAL FIXED DEPOSIT 3.69 CORPORATE BOND 19.17 Reliance Jio Infocomm Limited CRISIL AAA 3.48 Cholamandalam Investment and Finance Company Limited ICRA AA 3.06 Power Finance Corporation Limited CRISIL AAA 3.05 HDFC Limited CRISIL AAA 3.04 Dewan Housing Finance Corporation Limited BWR AAA 1.38 Rural Electrification Corporation Limited CRISIL AAA 1.36 Power Grid Corporation of India Limited CRISIL AAA 1.06 ICICI Bank Limited ICRA AA+ 0.69 Cyquator Media Services Private Limited # BWR A1+(SO) 0.68 Ujjivan Small Finance Bank Ltd ICRA A+ 0.68 NABARD CRISIL AAA 0.68 GOVERNMENT BOND Sovereign 5.41 ZERO COUPON BOND 2.62 Amri Hospitals Ltd BWR A+(SO) 1.44 Tata Motors Finance Ltd CRISIL AA 1.18 TOTAL EQUITY 66.08 TOTAL UNHEDGED EQUITY 43.90 AUTO 2.14 Maruti Suzuki India Limited 2.14 AUTO ANCILLARIES 2.19 Motherson Sumi Systems Limited 2.19 BANKS 5.89 HDFC Bank Limited 2.81 ICICI Bank Limited 0.41 Kotak Mahindra Bank Limited 2.27 State Bank of India 0.41 CEMENT 2.46 Shree Cements Limited 2.46 CHEMICALS 1.37 Pidilite Industries Limited 1.37 CONSTRUCTION PROJECT 1.44 Larsen & Toubro Limited 1.44 CONSUMER DURABLES 2.85 Symphony Limited 1.99 TTK Prestige Limited 0.86 CONSUMER NON DURABLES 2.14 Britannia Industries Limited 1.26 Nestle India Limited 0.88 FINANCE 10.42 Bajaj Finance Limited 1.93 Cholamandalam Investment and Finance Company Limited 2.19 HDFC Limited 2.84 Multi Commodity Exchange of India Limited 1.33 Sundaram Finance Limited 2.13 GAS 1.71 GAIL (India) Limited 0.35 Petronet LNG Limited 1.36 INDUSTRIAL CAPITAL GOODS 1.69 Bharat Electronics Limited 0.67 Siemens Limited 1.01 INDUSTRIAL PRODUCTS 2.55 Astral Poly Technik Limited 0.86 Cummins India Limited 1.69 MEDIA & ENTERTAINMENT 1.16 S Chand And Company Limited 1.16 PESTICIDES 1.19 PI Industries Limited 1.19 PETROLEUM PRODUCTS 2.34 Indian Oil Corporation Limited 1.80 Reliance Industries Limited 0.53 PHARMACEUTICALS 0.51 Sun Pharmaceutical Industries Limited 0.51 POWER 1.16 Torrent Power Limited 1.16 TELECOM - EQUIPMENT & ACCESSORIES 0.71 Astra Microwave Products Limited 0.71 TOTAL HEDGED EQUITY 22.18 DLF Limited 0.13 Asian Paints Limited 1.47 Tata Motors Limited 0.97 HDFC Limited 0.59 The Federal Bank Limited 0.65 Tata Chemicals Limited 0.54 Reliance Industries Limited 5.73 Reliance Capital Limited 1.92 Indiabulls Housing Finance Limited 0.06 Divi's Laboratories Limited 0.04 Britannia Industries Limited 0.06 Sun Pharmaceutical Industries Limited 0.12 Power Grid Corporation of India Limited 1.14 Maruti Suzuki India Limited 0.13 ITC Limited 0.60 Glenmark Pharmaceuticals Limited 0.13 Equitas Holdings Limited 0.84 Dewan Housing Finance Corporation Limited 2.71 Century Textiles & Industries Limited 1.88 Bharat Electronics Limited 0.56 IDFC Bank Limited 0.41 IDFC Limited 0.18 Bharat Financial Inclusion Limited 0.61 BEML Limited 0.16 Zee Entertainment Enterprises Limited 0.56 DEBT, CASH & OTHER RECEIVABLES 3.03 NET ASSET 100% # Secured by shares of Zee Entertainment Enterprises Ltd Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS INCOME SAVER (AN OPEN-ENDED INCOME FUND) 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. Equity FUND STYLE FACTSHEET 16th July 2010 677.72 Cr. 675.57 Cr. Crisil MIP Blended Fund Index Asset Class Debt Equity Arbitrage Low Mid Duration AVERAGE MATURITY @* 2.1 years MODIFIED DURATION @* 1.7 years YIELD (YIELD TO MATURITY & ) 7.48% Mr. Jinesh Gopani Work experience: 14 years. 02nd September 2013 Mr. Devang Shah Work experience: 11 years. 07th June 2016 Mr. Ashish Naik Work experience: 10 years. 22nd June 2016 COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Debt - 72.72%, CRISIL AAA/ CARE AAA/ ICRA AAA/ IND AAA & Equivalent - 58.07% Equity - 27.28% ICRA AA/ CRISIL AA/ ICRA AA(SO)/ IND AA - 10.61% IND AA-(SO) - 2.50% CARE AA+/ IND AA+ - 1.54% * Includes Net Current Assets PERFORMANCE (as on 28th April 2017) date Axis Income Saver - Growth 8.59% 10.72% 9.91% 8.46% 17,354 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% 9.85% 8.71% 17,627 16-Jul-10 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.09% 15,923 Axis Income Saver - Direct Plan - Growth 10.11% 12.35% - 10.92% 15,641 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 9.54% 14,818 04-Jan-13 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.68% 13,760 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 2nd September 2013 and he manages 3 schemes, Devang Shah is managing the scheme since 7th June 2016 and he manages 46 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 3 schemes. Please refer to annexure on Page 28 & 29 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Options DIVIDENDS Regular Plan Dividend (` Per unit) Record Date Individuals/ (Cum (Ex Direct Plan Dividend (` Per unit) Individuals/ (Cum (Ex Mar 27, 2017 0.7223 0.6692 12.5556 11.5556 0.5417 0.5019 12.7860 12.0360 Annual Dividend Mar 28, 2016 0.7222 0.6691 12.5739 11.5739 0.7222 0.6691 12.6583 11.6583 Mar 25, 2015 0.3629 0.3365 12.6035 12.1035 0.3629 0.3365 12.5849 12.0849 Mar 25, 2014 0.3117 0.2985 10.9526 10.5526 - - - - Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.6071 11.1071 0.3611 0.3346 12.0977 11.5977 Sep 26, 2016 0.3611 0.3346 11.9394 11.4394 0.3611 0.3346 12.3576 11.8576 Mar 28, 2016 0.3611 0.3345 11.6671 11.1671 0.3611 0.3345 11.9950 11.4950 Sep 28, 2015 0.3611 0.3345 12.0570 11.5570 0.3611 0.3345 12.3170 11.8170 Quarterly Dividend Mar 27, 2017 0.1806 0.1673 11.0673 10.8173 0.1806 0.1673 13.1368 12.8868 Dec 26, 2016 0.1805 0.1672 10.8652 10.6152 0.1805 0.1672 12.8150 12.5650 Sep 26, 2016 0.1806 0.1673 11.4144 11.1644 0.1806 0.1673 13.3820 13.1320 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. RATING % OF ASSETS TOTAL DEBT 65.98 CORPORATE BOND 56.67 Power Finance Corporation Limited CRISIL AAA 11.42 Rural Electrification Corporation Limited CRISIL AAA 11.11 NABARD CRISIL AAA 9.04 Reliance Jio Infocomm Limited CRISIL AAA 5.25 IDFC Bank Limited ICRA AAA 3.73 Mahindra & Mahindra Financial Services Limited IND AAA 3.72 National ways Auth Of Ind CRISIL AAA 2.98 Tata Sons Ltd CRISIL AAA 1.86 L&T Finance Ltd CARE AA+ 1.50 Nirchem Cement Limited CRISIL AA 1.50 Cholamandalam Investment and Finance Company Limited ICRA AA 1.50 LIC Housing Finance Limited CRISIL AAA 1.19 SRF Limited IND AA 1.00 HDFC Limited CRISIL AAA 0.84 Blue Dart Express Limited ICRA AA 0.02 ZERO COUPON BOND 9.31 SVL Ltd. ICRA AA(SO) 4.65 Dev Infracity Pvt Ltd ~ IND AA-(SO) 2.50 India Infoline Finance Ltd ICRA AA 1.95 Dewan Housing Finance Corporation Limited CARE AAA 0.18 Shriram Transport Finance Company Limited IND AA+ 0.04 TOTAL EQUITY 27.28 FINANCE 4.06 HDFC Limited 1.59 Bajaj Finance Limited 0.85 Cholamandalam Investment and Finance Company Limited 0.84 Multi Commodity Exchange of India Limited 0.78 BANKS 3.61 HDFC Bank Limited 2.17 Kotak Mahindra Bank Limited 1.44 AUTO ANCILLARIES 3.60 Motherson Sumi Systems Limited 1.28 Endurance Technologies Limited 0.87 Amara Raja Batteries Limited 0.79 WABCO India Limited 0.66 AUTO 2.92 Eicher Motors Limited 1.19 Maruti Suzuki India Limited 1.03 Tata Motors Limited 0.70 CEMENT 1.81 Shree Cements Limited 0.99 JK Lakshmi Cement Limited 0.82 TRANSPORTATION 1.68 Blue Dart Express Limited 0.93 Container Corporation of India Limited 0.75 PESTICIDES 1.65 PI Industries Limited 0.89 UPL Limited 0.76 CONSUMER NON DURABLES 1.65 Asian Paints Limited 0.83 Nestle India Limited 0.82 PHARMACEUTICALS 1.12 Lupin Limited 0.59 Sun Pharmaceutical Industries Limited 0.52 CHEMICALS 0.81 Pidilite Industries Limited 0.81 INDUSTRIAL PRODUCTS 0.81 Cummins India Limited 0.81 TEXTILE PRODUCTS 0.80 Page Industries Limited 0.80 MEDIA & ENTERTAINMENT 0.66 Zee Entertainment Enterprises Limited 0.66 POWER 0.53 Torrent Power Limited 0.53 SOFTWARE 0.52 Info Edge (India) Limited 0.52 Other Equity (less than 0.50% of the corpus) 1.06 NET CURRENT ASSETS 6.74 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/ ~ Secured by shares of Emami Ltd If redeemed/switch out within 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% If redeemed/switch out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015) 22 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS CHILDREN S GIFT FUND (AN OPEN-ENDED BALANCED SCHEME) INVESTMENT OBJECTIVE: The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. FUND STYLE Equity FACTSHEET 08th December 2015 291.71 Cr. 296.14 Cr. 50% Nifty 50 + 50% Crisil Composite Bond Fund Index Asset Class Debt Equity Arbitrage Large Mid Duration *Hedged Equity/ Cash-futures arbitrage AVERAGE MATURITY @* 6.5 years MODIFIED DURATION @* 4.4 years YIELD (YIELD TO MATURITY & ) 7.27% Unhedged Equity - 58.42%, Debt, Cash and Other Receivables - 34.43%, Hedged Equity - 7.15%. Mr. Ashish Naik Work experience: 10 years. 6th July 2016 CRISIL AAA/ & Equivalent - 15.36% SOV - 13.36% ICRA AA - 0.68% Mr. R. Sivakumar Work experience: 18 years. 07th June 2016. COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) PERFORMANCE (as on 28th April 2017) date Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth 10.29% - - 8.62% 11,218 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 08-Dec-15 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth 12.09% - - 10.34% 11,465 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 08-Dec-15 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth 10.28% - - 8.62% 11,217 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 08-Dec-15 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth 12.45% - - 10.77% 11,527 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 08-Dec-15 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on ` 10 invested at inception. inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 2015. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.different plans have different expense structure. Ashish Naik manages 3 schemes & R. Sivakumar manages 5 schemes. Please refer to annexure on Page 28 for performance of all schemes managed by the fund managers. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. 3% is payable if Units are redeemed / switched out upto 1 year from the date of allotment, 2% is payable if Units are redeemed / switched - out after 1 year and upto 2 years from the date of allotment, 1% is payable if are redeemed / switched-out after 2 years and upto 3 years from the date of allotment, NIL if Units are redeemed / switched-out after 3 years from the date of allotment RATING % OF ASSETS TOTAL DEBT 31.89 TOTAL FIXED DEPOSIT 5.02 CORPORATE BOND 13.50 Power Finance Corporation Limited CRISIL AAA 10.09 HDFC Limited CRISIL AAA 2.74 Cholamandalam Investment and Finance Company Limited ICRA AA 0.68 GOVERNMENT BOND Sovereign 13.36 TOTAL EQUITY 65.57 TOTAL UNHEDGED EQUITY 58.42 AUTO 5.53 Mahindra & Mahindra Limited 1.08 Maruti Suzuki India Limited 3.05 Tata Motors Limited 1.39 AUTO ANCILLARIES 3.08 Motherson Sumi Systems Limited 3.08 BANKS 11.78 City Union Bank Limited 1.33 HDFC Bank Limited 4.75 ICICI Bank Limited 2.39 Kotak Mahindra Bank Limited 3.30 CEMENT 0.75 Ambuja Cements Limited 0.75 CHEMICALS 1.08 Pidilite Industries Limited 1.08 CONSTRUCTION PROJECT 2.36 Larsen & Toubro Limited 2.36 CONSUMER NON DURABLES 3.06 Asian Paints Limited 1.88 ITC Limited 1.18 FERROUS METALS 0.55 Tata Steel Limited 0.55 FINANCE 9.38 Bajaj Finance Limited 2.16 Cholamandalam Investment and Finance Company Limited 1.54 CRISIL Limited 0.80 HDFC Limited 3.63 Sundaram Finance Limited 1.24 GAS 1.07 Indraprastha Gas Limited 1.07 INDUSTRIAL CAPITAL GOODS 0.89 Siemens Limited 0.89 INDUSTRIAL PRODUCTS 2.89 Carborundum Universal Limited 0.99 Cummins India Limited 1.91 MEDIA & ENTERTAINMENT 1.78 Zee Entertainment Enterprises Limited 1.78 PESTICIDES 1.20 UPL Limited 1.20 PETROLEUM PRODUCTS 1.29 Gulf Oil Lubricants India Limited 1.29 PHARMACEUTICALS 5.98 Cadila Healthcare Limited 1.76 Sanofi India Limited 1.48 Sun Pharmaceutical Industries Limited 1.30 Torrent Pharmaceuticals Limited 1.44 POWER 1.00 Torrent Power Limited 1.00 SOFTWARE 1.56 Info Edge (India) Limited 0.93 Tech Mahindra Limited 0.63 TEXTILE PRODUCTS 2.66 Page Industries Limited 1.25 SRF Limited 1.41 TRANSPORTATION 0.54 Gujarat Pipavav Port Limited 0.54 TOTAL HEDGED EQUITY 7.15 HDFC Limited 2.18 Tata Motors Limited 0.18 Reliance Capital Limited 0.54 Mahindra & Mahindra Limited 0.32 Hindalco Industries Limited 0.40 Aurobindo Pharma Limited 1.23 Dish TV India Limited 0.58 IDFC Limited 0.50 Century Textiles & Industries Limited 0.08 Bharat Financial Inclusion Limited 1.14 DEBT, CASH & OTHER RECEIVABLES 2.54 NET ASSETS 100% 23 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

AXIS TRIPLE ADVANTAGE FUND (AN OPEN - ENDED HYBRID FUND) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded funds. FACTSHEET FUND STYLE Equity 23rd August 2010 336.86 Cr. 337.18 Cr. 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold Asset Class Debt Gold Low Mid Duration AVERAGE MATURITY @* 8.3 years MODIFIED DURATION @* 5.3 years YIELD (YIELD TO MATURITY & ) 7.96% Mr. R. Sivakumar Work experience: 18 years. He has been managing the fund since 14th September 2010 Mr. Ashish Naik Work experience: 10 years. 22nd June 2016 COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) Debt* - 38.23%, CRISIL AAA & Equivalent - 19.77% Equity - 36.54%, SOV - 11.35% ETFs - 25.23% CRISIL AA- - 7.11% * Includes Net Current Assets PERFORMANCE (as on 28th April 2017) date Axis Triple Advantage Fund - Growth 9.17% 9.15% 8.42% 8.33% 17,078 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold 8.81% 8.72% 7.51% 8.13% 16,866 23-Aug-10 (Benchmark) Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.47% 16,189 Axis Triple Advantage Fund - Direct Plan Growth 10.76% 10.32% - 8.27% 14,097 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of INR Price of Gold (Benchmark) 8.81% 8.72% - 6.71% 13,240 01-Jan-13 Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.78% 13,826 Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns is calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.r. Sivakumar is managing the scheme since 14th September 2010 and he manages 5 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 3 schemes. Please refer to annexure on Page 28 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Options DIVIDENDS Record Date Individuals/ Dividend (` Per unit) Regular Plan (Cum (Ex Apr 17, 2014 0.4676 0.4478 11.3222 10.7222 Dividend Sep 17, 2012 0.7047 0.6040 11.2694 10.4694 Sep 21, 2011 0.7047 0.6040 10.9561 10.1561 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face Value of units is ` 10. @ Based on debt portfolio only. * For instruments with put/ call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. RATING % OF ASSETS TOTAL DEBT 34.42 CORPORATE BOND 23.07 Reliance Gas Transportation Infrastructure Ltd CRISIL AAA 7.55 Rural Electrification Corporation Limited CRISIL AAA 6.42 Tata Power Company Limited CRISIL AA- 3.85 Hindalco Industries Limited CRISIL AA- 3.27 Power Finance Corporation Limited CRISIL AAA 1.12 India Infrastructure Fin Co Ltd CRISIL AAA 0.86 GOVERNMENT BOND Sovereign 11.35 TOTAL EQUITY 36.54 BANKS 7.36 HDFC Bank Limited 3.28 Kotak Mahindra Bank Limited 2.41 ICICI Bank Limited 1.67 FINANCE 6.04 HDFC Limited 2.74 Bajaj Finance Limited 1.09 Gruh Finance Limited 1.02 Max Financial Services Limited 0.61 Cholamandalam Investment and Finance Company Limited 0.59 AUTO ANCILLARIES 3.79 Motherson Sumi Systems Limited 1.15 WABCO India Limited 1.07 Amara Raja Batteries Limited 0.79 Endurance Technologies Limited 0.77 AUTO 2.89 Eicher Motors Limited 1.51 Maruti Suzuki India Limited 1.38 CONSUMER NON DURABLES 2.54 Asian Paints Limited 1.31 ITC Limited 1.24 CONSTRUCTION PROJECT 2.19 Larsen & Toubro Limited 2.19 TRANSPORTATION 1.74 Container Corporation of India Limited 0.90 Blue Dart Express Limited 0.84 PHARMACEUTICALS 1.63 Sun Pharmaceutical Industries Limited 0.85 Cadila Healthcare Limited 0.77 CEMENT 1.53 Shree Cements Limited 1.53 INDUSTRIAL PRODUCTS 1.52 Cummins India Limited 1.52 CONSUMER DURABLES 1.43 Blue Star Limited 1.43 PESTICIDES 1.23 PI Industries Limited 1.23 POWER 1.04 Torrent Power Limited 1.04 SOFTWARE 1.00 Info Edge (India) Limited 1.00 INDUSTRIAL CAPITAL GOODS 0.55 Siemens Limited 0.55 Other Equity (less than 0.50% of the corpus) 0.07 EXCHANGE TRADED FUNDS 25.23 Axis Gold ETF 25.23 NET CURRENT ASSETS 3.81 NET ASSETS 100% If redeemed/switch out within 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% If redeemed/switch out after 12 months from the date of allotment: Nil (w.e.f. 15th June 2015) 24 Please refer to page no 26, 29-30, 31 for, TER, Riskometer & Statutory Details.

SIP PERFORMANCE OF SELECT SCHEMES (as on 28th April 2017) The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time. Axis Equity Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP SIP Total Amount Invested 8,70,000 6,00,000 3,60,000 1,20,000 Market value as on April 28, 2017 14,03,058 8,48,601 4,15,672 1,31,857 Returns (Annualised) 12.95% 13.88% 9.62% 19.18% Benchmark Returns (Annualised) 10.17% 11.37% 8.75% 18.01% Additional Benchmark Returns (Annualised) 9.35% 10.25% 7.17% 16.09% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE Sensex. Date: Jan 05, 2010. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by them. Axis Long Term Equity Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP SIP Total Amount Invested 8,80,000 6,00,000 3,60,000 1,20,000 Market value as on April 28, 2017 18,60,485 10,18,696 4,38,853 1,32,082 Returns (Annualised) 20.02% 21.38% 13.37% 19.55% Benchmark Returns (Annualised) 11.76% 13.99% 11.76% 22.64% Additional Benchmark Returns (Annualised) 10.12% 11.37% 8.75% 18.01% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50. Date: Dec 29, 2009. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him. Axis Midcap Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP SIP Total Amount Invested 7,40,000 6,00,000 3,60,000 1,20,000 Market value as on April 28, 2017 13,96,168 9,95,883 4,31,021 1,33,312 Returns (Annualised) 20.48% 20.44% 12.12% 21.60% Benchmark Returns (Annualised) 20.14% 22.84% 21.30% 33.76% Additional Benchmark Returns (Annualised) 11.05% 11.37% 8.75% 18.01% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap. Additional Benchmak: Nifty 50. Date: Feb 18, 2011. This scheme is managed by Shreyash Devalkar. Please refer to the Annexure for returns of all the schemes managed by him. Axis Focused 25 Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP SIP Total Amount Invested 5,80,000 NA 3,60,000 1,20,000 Market value as on April 28, 2017 8,93,664 NA 4,62,927 1,38,606 Returns (Annualised) 18.02% NA 17.13% 30.54% Benchmark Returns (Annualised) 11.21% NA 8.75% 18.01% Additional Benchmark Returns (Annualised) 13.90% NA 11.76% 22.64% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE 200. Date: Jun 29, 2012. This scheme is managed by Jinesh Gopani. Please refer to the Annexure for returns of all the schemes managed by him. Axis Equity Saver Fund - Growth Option SIP Investments SIP SIP Total Amount Invested 2,00,000 1,20,000 Market value as on April 28, 2017 2,16,765 1,27,051 Returns (Annualised) 9.64% 11.28% Benchmark Returns (Annualised) 10.08% 8.77% Additional Benchmark Returns (Annualised) 15.46% 18.01% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended Index. Additional Benchmak: Nifty 50. Date: August 14, 2015. This scheme is managed by Anupam Tiwari & R. Sivakumar. Please refer to the Annexure for returns of all the schemes managed by them. Axis Triple Advantage Fund - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP SIP Total Amount Invested 8,00,000 6,00,000 3,60,000 1,20,000 Market value as on April 28, 2017 10,61,151 7,38,422 4,04,026 1,25,376 Returns (Annualised) 8.37% 8.26% 7.68% 8.57% Benchmark Returns (Annualised) 7.79% 7.82% 7.67% 6.71% Additional Benchmark Returns (Annualised) 8.34% 8.81% 9.51% 5.62% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: 35% Nifty 50+ 35% CRISIL Composite Bond Fund Index + 30% INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. Date: Aug 23, 2010. This scheme is managed by R. Sivakumar & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them. Axis Income Saver - Growth Option SIP Investments SIP 5 Year SIP 3 Year SIP SIP Total Amount Invested 8,10,000 6,00,000 3,60,000 1,20,000 Market value as on April 28, 2017 11,09,963 7,59,701 4,03,813 1,25,006 Returns (Annualised) 9.22% 9.41% 7.65% 7.97% Benchmark Returns (Annualised) 9.68% 10.09% 9.73% 8.77% Additional Benchmark Returns (Annualised) 8.31% 8.81% 9.49% 5.62% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: CRISIL MIP Blended Index. Additional Benchmak: CRISIL 10 year Gilt Index Date: Jul 16, 2010. This scheme is managed by Devang Shah, Jinesh Gopani & Ashish Naik. Please refer to the Annexure for returns of all the schemes managed by them. SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) 25

(as on 28th April 2017) Fund Name Regular Plan Retail Plan Direct Plan Growth Daily Weekly Monthly Quartely Half Annual Bonus Growth Daily Weekly Monthly Bonus Growth Daily Weekly Monthly Quartely Half Annual Dividend Dividend Dividend Dividend Yearly Dividend Dividend Dividend Dividend Dividend Dividend Dividend Dividend Dividend Yearly Dividend Dividend Axis Equity Fund 21.73 14.51 - - - - - - - - - 22.75 15.24 - - - - - - Axis Focused 25 22.28 17.31 - - - - - - - - - 23.48 23.19 - - - - - - Fund Axis Long Term 35.56 20.80 - - - - - - - - - 37.41 31.87 - - - - - - Equity Fund Axis Midcap Fund 28.76 22.41 - - - - - - - - - 30.29 26.04 - - - - - - Axis Equity Saver Fund 11.10 10.78-10.63 10.72 - - - - - - 11.34 10.54-10.82 10.92 - - - Axis Triple Advantage 17.0776 13.9286 - - - - - - - - - 17.8862 15.4014 - - - - - - Fund Axis Income Saver 17.3544 - - - 10.9759 11.2699 11.7250 - - - - - - 18.4123 - - - 13.0877 11.7784 12.2235 - Axis Constant Maturity 14.6145 9.9138 - - - 11.4528 - - - - - - - 14.9432 9.9298 - - - - - - 10 Year Fund Axis Dynamic Bond Fund 16.9133 - - - 10.5577 10.7598 - - - - - - - 17.8050 - - - 11.1910 11.3427 - - Axis Regular Savings 15.8339 - - - 10.5810 10.9537 - - - - - - - 16.4613 - - - 11.1044 11.1579 - - Fund Axis Fixed Income 12.8788-10.1693 10.1206 - - - - - - - - - 13.2636-10.2509 10.0574 - - - - Opportunities Fund Axis Short Term Fund 17.8452 11.9381 10.2453 10.1858 - - - 17.9474 17.6439-10.1537 10.0328-18.4783 11.2567 10.2458 10.0347 - - - - Axis Banking & PSU 1503.7598 1008.0388 1007.5610 1007.5302 - - - - - - - - - 1515.4342 1008.0388 1007.5848 1007.5450 - - - 1515.8687 Debt Fund Axis Treasury 1824.3684 1006.2334 1006.5427 1005.8187 - - - - 1714.8264 1005.4758 1005.1096 1005.7915-1855.7365 1007.2893 1005.2237 1005.8819 - - - - Advantage Fund Axis Liquid Fund 1807.6482 1000.8759 1003.1369 1001.4574 - - - - 1725.3049 1000.6413 1001.4798 1001.0147-1813.0110 1000.6413 1003.1506 1001.0983 - - - 1812.9036 Bonus Axis Enhanced Arbitrage Fund Axis Children s Gift Fund No Lock-In Axis Children s Gift Fund Compulsory Lock-In 11.9563 10.5067 - - - - - - - - - - - 12.2312 10.8478 - - - - - - 11.2165 11.2216 - - - - - - - - - - - 11.5266 11.4638 - - - - - - 11.2178 11.2224 - - - - - - - - - - - 11.4646 11.4637 - - - - - - 26

LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS Fund Name Entry Load Minimum Investment Amount (`) Additional Purchase Amount (`) Minimum SIP Amount (`) Axis Equity Fund NA 5,000/1 100/1 1,000/1 Axis Focused 25 Fund NA 5,000/1 100/1 1,000/1 Axis Long Term Equity Fund NA 500/500 500/500 500/500 Axis Midcap Fund NA 5,000/1 100/1 1,000/1 Axis Equity Saver Fund NA 5,000/1 100/1 1,000/1 Axis Triple Advantage Fund NA 5,000/1 100/1 1,000/1 Axis Income Saver NA 5,000/1 100/1 1,000/1 Axis Constant Maturity 10 Year NA 5,000/1 100/1 1,000/1 Fund Axis Dynamic Bond Fund NA 5,000/1 100/1 1,000/1 Axis Regular Savings Fund NA 5,000/1 100/1 1,000/1 Axis Fixed Income Opportunities NA 5,000/1 100/1 1,000/1 Fund Axis Short Term Fund NA 5,000/1 1,000/1 1,000/1 Axis Banking & PSU Debt Fund NA 5,000/1 1,000/1 1,000/1 Axis Treasury Advantage Fund NA 5,000/1 1,000/1 1,000/1 Axis Liquid Fund NA Growth Option: `500 and in multiples of ` 1/- thereafter All other Options:`1,000 and in multiples of `1/- thereafter Growth Option: ` 500 and in multiples of ` 1/- thereafter All other Options: ` 1,000 and in multiples of ` 1/- thereafter - Axis Enhanced Arbitrage Fund NA 5,000/1 100/1 1,000/1 Axis Children s Gift Fund NA 5,000/1 100/1 1,000/1 Please refer to the website for current load structure 27

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 28 th April 2017) FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 2 SCHEMES) if ` 10,000 was inception date Axis Equity Fund - Growth 15.63% 14.32% 15.87% 11.19% 21,730 Nifty 50 (Benchmark) 18.58% 11.60% 12.14% 8.06% 17,628 S&P BSE Sensex (Additional Benchmark) 16.89% 10.11% 11.56% 7.45% 16,916 Axis Equity Fund - Direct Plan - Growth @@ 16.78% 15.55% - 15.55% 18,678 Nifty 50 (Benchmark) 18.58% 11.60% - 10.89% 15,635 S&P BSE Sensex (Additional Benchmark) 16.89% 10.11% - 10.30% 15,279 Axis Midcap Fund - Growth 19.54% 22.67% 22.15% 18.59% 28,760 S&P BSE Midcap (Benchmark) 34.12% 26.45% 18.58% 13.75% 22,214 Nifty 50 (Additional Benchmark) 18.58% 11.60% 12.14% 8.99% 17,044 Axis Midcap Fund - Direct Plan - Growth @@ 20.93% 24.17% - 20.16% 22,126 S&P BSE Midcap (Benchmark) 34.12% 26.45% - 18.14% 20,560 Nifty 50 (Additional Benchmark) 18.58% 11.60% - 10.89% 15,635 FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 5 SCHEMES) Axis Long Term Equity Fund - Growth* 19.60% 22.65% 22.69% 18.88% 35,557 S&P BSE 200 (Benchmark) 22.99% 14.97% 13.83% 8.97% 18,780 Nifty 50 (Additional Benchmark) 18.58% 11.60% 12.14% 8.29% 17,934 Axis Long Term Equity Fund - Direct Plan - Growth* @@ 20.94% 24.12% - 23.70% 25,085 S&P BSE 200 (Benchmark) 22.99% 14.97% - 12.58% 16,691 Nifty 50 (Additional Benchmark) 18.58% 11.60% - 10.89% 15,635 Axis Income Saver - Growth # 8.59% 10.72% 9.91% 8.46% 17,354 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% 9.85% 8.71% 17,627 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.09% 15,923 Axis Income Saver - Direct Plan - Growth #@@ 10.11% 12.35% - 10.92% 15,641 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 9.54% 14,818 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.68% 13,760 Axis Focused 25 Fund - Growth @@ 28.80% 20.53% - 18.03% 22,280 Nifty 50 (Benchmark) 18.58% 11.60% - 12.44% 17,625 S&P BSE 200 (Additional Benchmark) 22.99% 14.97% - 14.32% 19,096 Axis Focused 25 Fund - Direct Plan - Growth @@ 30.39% 22.09% - 17.58% 20,137 Nifty 50 (Benchmark) 18.58% 11.60% - 10.89% 15,635 S&P BSE 200 (Additional Benchmark) 22.99% 14.97% - 12.58% 16,691 FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 5 SCHEMES) Axis Equity Saver Fund - Growth @ 11.25% - - 6.30% 11,100 CRISIL MIP Blended Index (Benchmark) 11.42% - - 9.30% 11,639 Nifty 50 (Additional Benchmark) 18.58% - - 5.30% 10,922 Axis Equity Saver Fund - Direct Plan - Growth @ 12.54% - - 7.65% 11,340 CRISIL MIP Blended Index (Benchmark) 11.42% - - 9.30% 11,639 Nifty 50 (Additional Benchmark) 18.58% - - 5.30% 10,922 Axis Triple Advantage Fund - Growth 9.17% 9.15% 8.42% 8.33% 17,078 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of 16,866 8.81% 8.72% 7.51% 8.13% INR Price of Gold (Benchmark) Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.47% 16,189 Axis Triple Advantage Fund - Direct Plan Growth @@ 10.76% 10.32% - 8.27% 14,097 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of 13,240 8.81% 8.72% - 6.71% INR Price of Gold (Benchmark) Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.78% 13,826 Axis Dynamic Bond Fund - Growth 9.96% 10.32% 9.20% 9.14% 16,913 Crisil Composite Bond Fund Index (Benchmark) 10.07% 10.93% 9.28% 9.09% 16,870 Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.66% 15,577 Axis Dynamic Bond Fund - Direct Plan - Growth @@ 10.95% 11.61% - 10.30% 15,278 Crisil Composite Bond Fund Index (Benchmark) 10.07% 10.93% - 9.23% 14,647 Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.78% 13,826 Axis Capital Protection Oriented Fund - Series 5 #@@ 8.03% 7.52% - 8.02% 14,140 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 9.77% 15,194 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.36% 13,753 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - 11,218 10.29% - - 8.62% Growth @ 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth @ 12.09% - - 10.34% 11,465 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth @ 10.28% - - 8.62% 11,217 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth @ 12.45% - - 10.77% 11,527 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 3 SCHEMES) Axis Triple Advantage Fund - Growth 9.17% 9.15% 8.42% 8.33% 17,078 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of 8.81% 8.72% 7.51% 8.13% 16,866 INR Price of Gold (Benchmark) Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.47% 16,189 Axis Triple Advantage Fund - Direct Plan Growth @@ 10.76% 10.32% - 8.27% 14,097 35% of Nifty 50 + 35% of Crisil Composite Bond Fund Index + 30% Of 8.81% 8.72% - 6.71% 13,240 INR Price of Gold (Benchmark) Crisil 10 Year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.78% 13,826 Axis Income Saver - Growth # 8.59% 10.72% 9.91% 8.46% 17,354 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% 9.85% 8.71% 17,627 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% 8.51% 7.09% 15,923 Axis Income Saver - Direct Plan - Growth #@@ 10.11% 12.35% - 10.92% 15,641 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 9.54% 14,818 CRISIL 10 year Gilt Index (Additional Benchmark) 9.64% 10.76% - 7.68% 13,760 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - 10.29% - - 8.62% 11,218 Growth @ 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth @ 12.09% - - 10.34% 11,465 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth @ 10.28% - - 8.62% 11,217 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth @ 12.45% - - 10.77% 11,527 50% Nifty 50 + 50% Crisil Composite Bond Fund Index (Benchmark) 14.47% - - 12.59% 11,790 Nifty 50 (Additional Benchmark) 18.58% - - 14.58% 12,081 FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 3 SCHEMES) Axis Liquid Fund - Growth 7.14% 8.07% 8.55% 8.14% 18,076 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.31% 7.74% 17,570 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.56% 16,166 Axis Liquid Fund - Direct Plan - Growth @@ 7.23% 8.15% - 8.51% 14,242 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% - 8.35% 14,152 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.33% 13,586 Axis Liquid Fund - Retail Plan - Growth 6.58% 7.52% 8.02% 7.90% 17,253 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.31% 8.01% 17,373 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.78% 16,005 Axis Treasury Advantage Fund - Growth 7.63% 8.21% 8.70% 8.28% 18,244 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.32% 7.74% 17,564 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.56% 16,161 Axis Treasury Advantage Fund - Direct Plan - Growth @@ 8.07% 8.68% - 9.02% 14,524 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% - 8.35% 14,145 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.33% 13,575 inception 05-Jan-10 01-Jan-13 18-Feb-11 01-Jan-13 29-Dec-09 01-Jan-13 16-Jul-10 04-Jan-13 29-Jun-12 01-Jan-13 14-Aug-15 14-Aug-15 23-Aug-10 01-Jan-13 27-Apr-11 01-Jan-13 02-Nov-12 08-Dec-15 08-Dec-15 08-Dec-15 08-Dec-15 23-Aug-10 01-Jan-13 16-Jul-10 04-Jan-13 08-Dec-15 08-Dec-15 08-Dec-15 08-Dec-15 09-Oct-09 31-Dec-12 01-Mar-10 09-Oct-09 01-Jan-13 Past performance may or may not be sustained in future. Calculations are based on Growth Option. Above data excludes schemes which have not completed a year. W.e.f January 1st, 2013, Axis Short Term Fund Institutional Plan, Axis Treasury Advantage Fund Institutional Plan & Axis Liquid Fund Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund respectively. The above data excludes performance of direct plans of schemes which have not completed a year. 28

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 28 th April 2017) if ` 10,000 was inception date Axis Treasury Advantage Fund - Retail Plan - Growth 6.96% 7.54% 7.92% 7.82% 17,148 Crisil Liquid Fund Index (Benchmark) 7.06% 7.98% 8.32% 8.01% 17,357 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% 7.41% 6.78% 15,998 Axis Banking & PSU Debt Fund - Growth @@ 7.86% 8.49% - 8.70% 15,038 Crisil Short Term Bond Fund Index (Benchmark) 8.69% 9.18% - 9.06% 15,282 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.37% 14,157 Axis Banking & PSU Debt Fund - Direct Plan - Growth @@ 8.05% 8.68% - 8.79% 14,394 Crisil Short Term Bond Fund Index (Benchmark) 8.69% 9.18% - 9.04% 14,536 Crisil T-Bill Index (Additional Benchmark) 6.63% 7.75% - 7.33% 13,575 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 4 SCHEMES) Axis Equity Saver Fund - Growth @ 11.25% - - 6.30% 11,100 CRISIL MIP Blended Index (Benchmark) 11.42% - - 9.30% 11,639 Nifty 50 (Additional Benchmark) 18.58% - - 5.30% 10,922 Axis Equity Saver Fund - Direct Plan - Growth @ 12.54% - - 7.65% 11,340 CRISIL MIP Blended Index (Benchmark) 11.42% - - 9.30% 11,639 Nifty 50 (Additional Benchmark) 18.58% - - 5.30% 10,922 Axis Small Cap Fund - Growth @@ 25.01% 28.85% - 30.48% 24,800 Nifty Free Float Smallcap 100 (Benchmark) 43.24% 23.71% - 28.24% 23,378 Nifty 50 (Additional Benchmark) 18.58% 11.60% - 12.75% 15,065 Axis Small Cap Fund - Direct Plan - Growth @@ 26.36% 30.27% - 31.94% 25,760 Nifty Free Float Smallcap 100 (Benchmark) 43.24% 23.71% - 28.24% 23,378 Nifty 50 (Additional Benchmark) 18.58% 11.60% - 12.75% 15,065 TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 8 - Growth #@@ 12.84% 7.03% - 7.50% 12,658 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.27% 14,165 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.74% 12,750 Axis Hybrid Fund - Series 8 - Direct Plan - Growth #@@ 14.04% 8.06% - 8.54% 13,062 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.27% 14,165 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.74% 12,750 Axis Hybrid Fund - Series 9 - Growth #@@ 12.82% 7.06% - 7.65% 12,666 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.82% 14,306 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.83% 12,732 Axis Hybrid Fund - Series 9 - Direct Plan - Growth #@@ 14.03% 8.09% - 8.69% 13,061 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.82% 14,306 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.83% 12,732 Axis Hybrid Fund - Series 14 - Growth #@ 12.04% - - 4.64% 11,279 CRISIL MIP Blended Index (Benchmark) 11.42% - - 10.05% 12,893 CRISIL T-Bill (Additional Benchmark) 6.63% - - 7.65% 12,161 Axis Hybrid Fund - Series 14 - Direct Plan - Growth #@ 13.30% - - 6.01% 11,675 CRISIL MIP Blended Index (Benchmark) 11.42% - - 10.05% 12,893 CRISIL T-Bill (Additional Benchmark) 6.63% - - 7.65% 12,161 BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 21 SCHEMES) Axis Hybrid Fund - Series 7 - Growth #@@ 4.92% 5.23% #DIV/0! 7.09% 12,837 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% 9.85% 11.37% 14,808 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% 7.41% 7.84% 13,166 Axis Hybrid Fund - Series 7 - Direct Plan - Growth #@ - - - - - CRISIL MIP Blended Index (Benchmark) - - - - - CRISIL T-Bill (Additional Benchmark) - - - - - Axis Hybrid Fund - Series 6 - Growth #@@ 4.11% 4.86% - 6.97% 12,831 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% - 11.93% 15,178 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% - 7.94% 13,269 Axis Hybrid Fund - Series 6 - Direct Plan - Growth #@@ 5.11% 5.87% - 8.00% 13,295 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% - 11.93% 15,178 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% - 7.94% 13,269 Axis Hybrid Fund - Series 5 - Growth #@@ 3.51% 4.98% - 6.04% 12,467 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% - 10.84% 14,728 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% - 7.87% 13,297 Axis Hybrid Fund - Series 5 - Direct Plan - Growth #@@ 4.50% 5.98% - 7.05% 12,921 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% - 10.84% 14,728 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% - 7.87% 13,297 TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 46 SCHEMES) Axis Hybrid Fund - Series 8 - Growth #@@ 12.84% 7.03% - 7.50% 12,658 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.27% 14,165 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.74% 12,750 Axis Hybrid Fund - Series 8 - Direct Plan - Growth #@@ 14.04% 8.06% - 8.54% 13,062 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.27% 14,165 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.74% 12,750 Axis Hybrid Fund - Series 9 - Growth #@@ 12.82% 7.06% - 7.65% 12,666 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.82% 14,306 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.83% 12,732 Axis Hybrid Fund - Series 9 - Direct Plan - Growth #@@ 14.03% 8.09% - 8.69% 13,061 Crisil MIP Blended Fund Index (Benchmark) 11.42% 11.17% - 11.82% 14,306 Crisil 1 yr Tbill Index (Additional Benchmark) 6.63% 7.75% - 7.83% 12,732 Axis Hybrid Fund - Series 14 - Growth #@@ 11.03% 10.62% 9.36% 9.26% 16,913 Crisil MIP Blended Fund Index (Benchmark) 11.09% 11.26% 9.45% 9.21% 16,864 Crisil 1 yr Tbill Index (Additional Benchmark) 11.87% 11.41% 8.79% 7.99% 15,781 Axis Hybrid Fund - Series 14 - Direct Plan - Growth #@@ 12.04% 11.96% - 10.48% 15,268 Crisil MIP Blended Fund Index (Benchmark) 11.09% 11.26% - 9.39% 14,642 Crisil 1 yr Tbill Index (Additional Benchmark) 11.87% 11.41% - 8.26% 14,006 BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 46 SCHEMES) Axis Hybrid Fund - Series 5- Growth #@@ 3.51% 4.98% - 6.04% 12,467 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% - 10.84% 14,728 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% - 7.87% 13,297 Axis Hybrid Fund - Series 5 - Direct Plan - Growth # 4.50% 5.98% - 7.05% 12,921 CRISIL MIP Blended Index (Benchmark) 11.42% 11.17% - 10.84% 14,728 CRISIL T-Bill (Additional Benchmark) 6.63% 7.75% - 7.87% 13,297 Axis Gold Fund - Growth -6.06% -3.62% -2.69% -0.86% 9,534 Domestic Price of Gold -4.15% 1.40% -1.43% 0.06% 10,036 Additional Benchmark Not Applicable Axis Gold Fund - Direct Plan @@ -5.25% -2.38% NA -2.89% 8,808 Domestic Price of Gold -4.15% 1.40% NA -2.62% 8,916 Additional Benchmark Not Applicable Axis Gold ETF -7.45% -0.58% -1.78% 4.02% 12,907 Domestic Price of Gold -4.15% 1.40% -1.43% 4.21% 13,059 Additional Benchmark Not Applicable inception Past performance may or may not be sustained in future. Calculations are based on Growth Option. inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2,026.8434/- invested at inception for Axis Gold Exchange Traded Fund and on Rs. 10/- invested at inception for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Income Saver since 2nd Sep 2013 and Axis Focused 25 Fund since 7th June 2016 and Axis Emerging Opportunites Series 1 and Series 2 since inception. Shreyash Devalkar is managing Axis Equity Fund and Axis Midcap Fund since 23rd November 2016. Anupam Tiwari is managing Axis Equity Saver Fund and Axis Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th Dec 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017. Ashwin Patni is managing Axis Enhanced Arbitrage Fund, Axis Capital Protection Fund Series 5 and all Axis Hybrid Funds since 27th April, 2015 (since inception date for Axis Hybrid Funds launched after 27th April, 2015). Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Constant Maturity 10 Year Fund, Axis Income Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Fixed Income Opportunities Fund and Axis Enhanced Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Income Saver (Debt portion), Axis Gold Fund, Axis Gold ETF and all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016). Ashish Naik is managing the equity portion of Axis Income Saver and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children s Gift Fund since July 6th, 2016. 29 03-Mar-10 08-Jun-12 01-Jan-13 14-Aug-15 14-Aug-15 29-Nov-13 29-Nov-13 24-Jan-14 24-Jan-14 13-Feb-14 02-Sep-14 02-Sep-14 9-May-14 05-Sep-13 05-Sep-13 16-Aug-13 16-Aug-13 25-Jul-13 25-Jul-13 24-Jan-14 24-Jan-14 13-Feb-14 13-Feb-14 02-Sep-14 02-Sep-14 25-Jul-13 25-Jul-13 20-Oct-11 01-Jan-13 10-Nov-10

Aditya Pagaria is managing Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking Debt Fund since 13th August, 2016. R. Siva Kumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection Fund Series 5 since inception, Axis Triple Advantage Fund since 14th September 2010 and Axis Children s Gift Fund (debt portion) since 7th June 2016. @The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. @@The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. W.e.f January 1, 2013, Axis Short Term Fund - Institutional Plan, Axis Treasury Advantage Fund - Institutional Plan & Axis Liquid Fund - Institutional Plan have been renamed Axis Short Term Fund, Axis Treasury Advantage Fund & Axis Liquid Fund, respectively. * An open ended equity linked savings scheme with a 3 year lock-in. # Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. $ Rating Details (Axis Short Term Fund & Axis Banking & PSU Debt Fund) Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund. ^ Rating Details (Axis Treasury Advantage Fund and Axis Liquid Fund) Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund. Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Weighted Average Expense Ratio for the Month Scheme - Regular Plan / Direct Plan : Axis Hybrid Fund - Series 5: 2.45% / 1.60%, Axis Hybrid Fund - Series 6: 2.45% / 1.60%, Axis Hybrid Fund - Series 7: 2.45 % / -, Axis Hybrid Fund - Series 8: 2.26% / 1.31%, Axis Hybrid Fund - Series 9: 2.27% / 1.32%, Axis Hybrid Fund - Series 11: 2.31% / 1.36%, Axis Hybrid Fund - Series 12: 2.28% / 1.33%, Axis Hybrid Fund - Series 13 : 2.18% / 1.23%, Axis Hybrid Fund - Series 14 : 2.19% / 1.19%, Axis Hybrid Fund - Series 15 : 2.27% / 1.27%, Axis Hybrid Fund - Series 18 : 2.19% / 1.14%, Axis Hybrid Fund - Series 19 : 2.27% / 1.22%, Axis Hybrid Fund - Series 22 : 2.05% / 0.86%, Axis Hybrid Fund - Series 23 : 2.07% /0.88%, Axis Hybrid Fund - Series 24 : 2.02% / 0.83%, Axis Hybrid Fund - Series 25 : 2.14% / 0.95%, Axis Hybrid Fund - Series 26 : 2.12% / 0.93%, Axis Hybrid Fund - Series 27 : 2.08% /0.89%, Axis Hybrid Fund - Series 28 : 2.10% / 0.91%, Axis Hybrid Fund - Series 29 : 2.25% / 1.06%, Axis Hybrid Fund - Series 30 : 2.20% / 1.01%, Axis Hybrid Fund - Series 31 : 2.11% / 0.81%, Axis Hybrid Fund - Series 32 : 2.07% / 1.07%, Axis Hybrid Fund - Series 33 : 2.07% / 0.77%, Axis Hybrid Fund - Series 35 : 2.14% / 0.84%, Axis Liquid Fund : 0.20% / 0.13%, Axis Treasury Advantage Fund : 0.95% / 0.22%, Axis Banking & PSU Debt Fund : 0.35% / 0.20%, Axis Short Term Fund : 0.85% / 0.25%, Axis Dynamic Bond Fund : 1.30% / 0.55%, Axis Constant Maturity 10 Year Fund : 0.65% / 0.20%, Axis Regular Savings Fund : 1.00% / 0.49%, Axis Gold ETF : 1.00% / -, Axis Gold Fund* :1.00% / 0.15%, Axis Fixed Income Opportunities Fund* : 1.29% / 0.30%, Axis Enhanced Arbitrage Fund : 0.95% / 0.25%, Axis Income Saver* : 2.13% / 1.26%, Axis Long Term Equity Fund*: 1.97% / 1.27%, Axis Focused 25 Fund* : 2.19% / 1.47%, Axis Equity Fund* : 2.11% / 1.13%, Axis Triple Advantage Fund* : 1.75% / 0.93%, Axis Midcap Fund* : 2.20% / 1.39%, Axis Equity Saver Fund* : 2.36% / 1.56%, Axis Small Cap Fund : 2.51% / 1.56%, Axis Children s Gift Fund* : 2.54% / 1.10%, Axis Capital Protection Oriented Fund -Series 5: 2.45% / -, Axis Emerging Opportunities Fund - Series 1: 2.24% / 0.94%, Axis Emerging Opportunities Fund - Series 2: 2.02% / 0.72%, Axis Fixed Maturity Plan - Series 42 : 0.52% / 0.18%, Axis Fixed Maturity Plan - Series 43 : 0.41% / 0.05%, Axis Fixed Maturity Plan - Series 47 : 0.48% / 0.08%, Axis Fixed Maturity Plan - Series 49 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 52 : 0.23% / 0.05%, Axis Fixed Maturity Plan - Series 53 : 0.52% / 0.08%, Axis Fixed Maturity Plan - Series 61 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 64 : 0.49% / 0.05%, Axis Fixed Maturity Plan - Series 67 : 0.66% / 0.02%, Axis Fixed Maturity Plan - Series 69 : 0.58% / 0.05%, Axis Fixed Maturity Plan - Series 74 : 0.23% / 0.10% Service Tax on Management fees to the above mentioned schemes will be charged over and above Total Expense Ratio *In addition to the rates mentioned a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes. 30

PRODUCT LABELLING AXIS EQUITY FUND This product is suitable for investors who are seeking* Capital appreciation over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments AXIS FOCUSED 25 FUND This product is suitable for investors who are seeking* Capital appreciation over long term Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies AXIS LONG TERM EQUITY FUND This product is suitable for investors who are seeking* Capital appreciation & generating income over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments AXIS MIDCAP FUND This product is suitable for investors who are seeking* Capital appreciation over long term Investment predominantly in equity and equity related instruments of mid size companies with focus on relatively larger companies within this category AXIS TRIPLE ADVANTAGE FUND This product is suitable for investors who are seeking* Capital appreciation & generating income over long term Investment in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded funds AXIS INCOME SAVER This product is suitable for investors who are seeking* Capital appreciation while generating income over medium to long term Investment in debt and money market instruments as well as equity and equity related instruments while managing risk through active asset allocation AXIS GOLD ETF This product is suitable for investors who are seeking* Capital Appreciation over medium to long term Invests predominantly in gold in order to generate returns similar to the performance of gold, subject to tracking error AXIS GOLD FUND This product is suitable for investors who are seeking* Capital Appreciation over medium to long term Invests predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking error AXIS EQUITY SAVER FUND This product is suitable for investors who are seeking* Capital Appreciation while generating income over medium to long term Provide capiltal appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments AXIS CHILDREN S GIFT FUND This product is suitable for investors who are seeking* Capital appreciation & generating income over medium to long term Investment in debt and money market instruments as well as equity and equity related instruments AXIS CONSTANT MATURITY 10 YEAR FUND This product is suitable for investors who are seeking* Credit risk free returns over medium to long term Investment mainly in Government securities to generate returns similar to that of 10 year government bonds AXIS DYNAMIC BOND FUND This product is suitable for investors who are seeking* Optimal returns over medium to long term To generate stable returns while maintaining liquidity through active management of a portfolio of debt and money market instruments AXIS REGULAR SAVINGS FUND This product is suitable for investors who are seeking* Optimal returns over medium term Investment in diversified portfolio of high quality debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity AXIS ENHANCED ARBITRAGE FUND This product is suitable for investors who are seeking* Income over short to medium term Investment in arbitrage opportunities in the cash & derivatives segment of the equity market AXIS FIXED INCOME OPPORTUNITIES FUND This product is suitable for investors who are seeking* Stable returns in the short to medium term Investment in debt and money market instruments across the yield curve and credit spectrum AXIS SHORT TERM FUND This product is suitable for investors who are seeking* Regular income while maintaining liquidity over short to medium term Investment in debt and money market instruments AXIS BANKING & PSU DEBT FUND This product is suitable for investors who are seeking* Regular income over short to medium term Investment in debt and money market instruments issued by banks, PFIs & PSUs AXIS TREASURY ADVANTAGE FUND This product is suitable for investors who are seeking* Regular income over short term Investment in debt and money market instruments AXIS LIQUID FUND This product is suitable for investors who are seeking* Regular income over short term Investment in debt and money market instruments Low Moderately Low Riskometer Moderate Moderately LOW HIGH Investors understand that their principal will be at moderately high risk Low Moderately Low Riskometer Moderate Moderately LOW HIGH Investors understand that their principal will be at moderate risk Low Moderately Low Riskometer Moderate Moderately LOW HIGH Investors understand that their principal will be at moderately low risk Moderately Low Riskometer Moderate Moderately Low *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 low risk Statutory Details & Disclaimers : Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 Lakh). Trustee: Axis Mutual Fund Trustee Limited. Investment Manager: Axis Asset Management Company Limited (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of any of the mutual fund schemes launched by the AMC. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. 31