No one asset class perform at all times

No one asset class perform at all times 60 50 Bond years Equity years Gold years 40 30 20 10 0-10 -20 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Equity Bonds Gold Triple Asset 2 Past performance may or may not be sustained in the future. 3 year rolling returns are denoted above. Stocks are represented by the Nifty 50 and Bonds by the I-Sec Sovereign Bond Index, Gold by INR Price of Gold; Triple Asset comprises of Stocks, Bonds and Gold weighted equally and rebalanced monthly. Triple Asset is a simulated portfolio. Source of data: Bloomberg. Note: W.e.f June 28th 17, Investment pattern also permits investment in REITs and InvITs (upto 10%)

Single asset investing v/s multi asset investing Single Asset Investing Multi Asset Investing Asset class specific view Specific view required on each asset class No specific view on any asset class Cyclicality Each asset performs under different market conditions All weather long-term investing method Typical Volatility Higher volatility Less volatile due to diversification Downside Possibility of a higher downside as specific asset call is taken Lower downside risk due to diversification 3

Best & worst performer changes but 2 of 3 are positive in most years Year Stocks Gold Bonds Average 1996-1 -3 13 3 1997 20-14 24 10 1998-18 8 8-1 1999 67 2 16 28 2000-15 1 13 0 2001-16 6 25 5 2002 3 24 23 17 2003 72 13 12 32 2004 11 1-1 4 2005 36 22 6 21 2006 40 21 6 22 2007 55 17 7 26 2008-52 31 27 2 2009 76 19-6 30 2010 18 24 6 16 2011-25 31 6 4 2012 28 9 12 16 2013 6-18 2-3 2014 32 2 18 17 2015-4 -6 8-1 2016 4 11 15 10 2017 29 5 4 13 years returns In 2008, even a 52% fall in stocks was balanced by gains in bonds and gold 4 Data is historical. Past performance may or may not be sustained in future. Stocks: Nifty 50, Bonds: I-Sec Sovereign Bond Index Gold: INR Price of Gold; Source of data: Bloomberg

Range of returns as important as average returns 70% Higher uncertainty Lower uncertainty 60% 50% 40% 30% 20% 10% 12.3% 6.7% 12.1% 11.9% 10.9% 11.6% 0% -10% -20% 3 yr rolling returns (1995-2016) -30% Equity Gold 50:50 Debt/Equity Triple Asset Debt 75:25 Debt/Equity 5 This is historical data. High, Low and Average Rolling 3-Year returns are for the period 31 Dec 1994 to 31 Dec 2016. Returns are compounded annualized. Past performance may or may not be sustained in the future. Stocks are represented by the Nifty 50, Bonds by the I-Sec Sovereign Bond Index and Gold by INR price of Gold. Triple Asset comprises of Stocks, Bonds and Gold weighted equally and rebalanced monthly. Triple Asset is a simulated portfolio. Source of data: Bloomberg & ACEMF. Note: W.e.f June 28th 17, Investment pattern also permits investment in REITs and InvITs (upto 10%)

Axis Triple Advantage Fund: Positioning Equity Long term growth 30 40% of the portfolio Bonds Regular income, lower risk compared to equity 30 40% of the portfolio Gold Support against macro/ event risk 20 30% of the portfolio Seeks to help investors take advantage of the benefits of diversification by investing in a mix of three asset classes viz., equity, bonds and gold 6 Note: W.e.f June 28 th 17, Investment pattern also permits investment in REITs and InvITs (upto 10%)

Rebalancing, the asset allocation secret that no one talks about Triple asset movement Stocks Bonds Gold Triple Asset 1064 TRIPLE ASSET 989 BONDS 891 EQUITY 693 GOLD 100 1994 2017 7 This is historical data for the period 31 Dec 1994 to 31 st Dec 2017 and is rebased to 100. Past performance may or may not be sustained in the future. Stocks are represented by Nifty 50 and Bonds by the I-Sec Sovereign Bond Index CRISIL Composite Bond Fund Index has been used wef Feb 1st 2017, Gold by INR Price of Gold; Triple Asset comprises of Stocks, Bonds and Gold weighted equally and rebalanced monthly. Triple Asset is a simulated portfolio. Source of data: Bloomberg.

Aims for high quality and low risk portfolio in debt and equity Stable asset allocation with regular re-balancing EQUITY GOLD FIXED INCOME Current Allocation 37.0% 26.7% 36.3% Helps avoiding the buy-high sell-low curse Current Portfolio Strategy Multi Cap with midcap^ allocation of 30% of equity exposure Passive Allocation to Gold ETF Long duration to get true diversification benefits from the debt portfolio Key Terms Beta: 1.04 Tracking Error: 6.16% - Duration: 4.5 years Credit profile: 80% AAA/SOV Volatility (1 year)* 9.9% 10.0% 7.1% Max Drawdown (1 yr)* -9.8% -7.2% -3.6% Axis Triple Advantage Fund Volatility (1 yr) : 4.7% Max drawdown (1 yr) : -3.3% Source : ValueFY, ACEMF. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets. * *Large Cap: Large cap >= Market Cap of 100th stock by market cap in Nifty 500 Index (currently 25,726 crs); Midcap: Market cap of 400th Stock in Nifty 500 Index (currently 3,252 crs) <= Midcap < Market Cap of 100th stock by market cap in Nifty 500 Index (currently 25,726 crs); Small Cap: Small Cap < Market cap of 400th Stock in Nifty 500 Index (currently 3,252 crs). The range will be monitored quarterly based on average of last 4 quarters. The current range is calculated based on average of last 4 quarters ended Dec 2017. Volatility is the standard deviation of daily returns of the index over last 1 year. Max drawdown measures the largest single drop from peak to bottom of the index (before a new peak is achieved). Based on Index Equity: Nifty 50, Gold : INR price of Gold, Fixed Income: I-Bex : i-sec sovereign bond index W.e.f 8 June 28 th 17, investment pattern also permits investment in REITs and InvITs (upto 10%)

Disciplined asset allocation 100 90 80 70 DEBT (average: 37%) 60 50 40 GOLD (average: 28%) Debt Gold Equity 30 20 10 EQUITY (average: 35%) 0 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 9 Source of data: ACEMF. Fund above is Axis Triple Advantage Fund, Average numbers for 3 years. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity & Debt markets Note: W.e.f June 28th 17, Investment pattern also permits investment in REITs and InvITs (upto 10%)

10 Aims for stable returns with contained risk

Annexure for returns of schemes managed by fund manager (as on March 28 th, 2018) Past performance may or may not be sustained in future. #Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. @The performance data for 3 years & 5 year 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 for scheme/plan not in existence for 5 years. The above data excludes performance of schemes that have not completed 1 year. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs. 10/- invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Siva Kumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection Fund Series 5 and Axis Dynamic Equity Fund since inception, Axis Triple Advantage Fund since 14th September 2010 and Axis Children s Gift Fund 11 (debt portion) since 7th June 2016.

Annexure for returns of schemes managed by fund manager (as on March 28 th, 2018) Past performance may or may not be sustained in future #Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. @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 for scheme/plan not in existence for 5 years. The above data excludes performance of schemes that have not completed 1 year. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs. 10/- invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Ashish Naik is managing Axis Capital Builder Fund - Series 1, Since inception and the equity portion of Axis Income Saver and Axis Triple Advantage Fund since 22nd June 2016, Axis Children s Gift Fund since July 6th, 2016 and Axis Nifty ETF since July 3rd 2017. 13

Statutory Details and Risk Factors Disclaimer: Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). 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 Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC) Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Data updated as on March 28 th, 2018 15