MONTHLY FACTSHEET - JULY, 2018

MONTHLY - JULY, 2018

I N D E X Tax Reckoner 2 How To Read A Factsheet 5 Equity Funds Equity Outlook 6 Axis Bluechip Fund 7 Axis Focused 25 Fund 8 Axis Midcap Fund 9 Axis Long Term Equity Fund 10 Axis Multicap Fund 11 Debt Funds Fixed Income Outlook 12 Axis Liquid Fund 13 Axis Treasury Advantage Fund 14 Axis Short Term Fund 15 Axis Dynamic Bond Fund 16 Axis Corporate Debt Fund 17 Axis Strategic Bond Fund 18 Axis Credit Risk Fund 19 Axis Gilt Fund 20 Axis Banking and PSU Debt Fund 21 Hybrid Funds Hybrid Outlook 22 Axis Equity Saver Fund 23 Axis Dynamic Equity Fund 24 Axis Regular Saver Fund 25 Axis Children s Gift Fund 26 Axis Triple Advantage Fund 27 Axis Arbitrage Fund 28 SIP Performance Of Selected Schemes 29 s Load Structure And Minimum Investment Amount Annexures Expense Ratios Product Labeling 30 31 32 34 35

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EQUITY A U G U S T 2 0 1 8 14.6% 12.7% 6.0% QUICK TAKE Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward. We remain bullish on equities from a medium to long term perspective Investors are suggested to have their asset allocation plan based on one s risk appetite and future goals in life. KEY HIGHLIGHTS DOMESTIC GLOBAL CORPORATE After strong bouts of volatility in the last two months, Indian equities closed July on a strong note helped by easing crude and a stable rupee. The S&P BSE Sensex and NIFTY 50 closed the month with gains of 6%. NIFTY Midcap 100 and NIFTY Smallcap 100 indices continued to underperform large caps significantly rising 3.8% and 4% respectively. Year-to-date, the Sensex has outperformed the BSE Mid-cap and Small-cap indices by c. 20ppt and 23ppt, respectively. FPI buying finally returned to the markets with an inflow of Rs 2,300 Cr across equity and debt markets. Crude prices saw some easing during the month with WTI Brent ending at $74.25/bl. The Indian crude basket for the month stood at US$73.95/barrel. US sanctions on Iran, one of India`s primary oil suppliers, is likely to further complicate matters further. USD-INR stabilized at 68.55/$ for the month buoyed by FPI buying. Corporate results guided markets through the month. The IT sector results point to selective opportunities within the space on the back of an improved global outlook. Consumer focused companies within banking (Retail Banks & NBFC`s), consumer staples and discretionary companies have continued to match investor expectations. Consensus NIFTY earnings also did not see significant negative surprises unlike earlier years, highlighting that there is confidence in a likely step-up in growth going forward. The Reserve Bank of India (RBI) raised the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 per cent in the recently concluded bi-monthly monetary policy in line with market expectations. The tone of the policy remained cautious with adequate focus on upside risks to inflation. CPI inflation inched up to 5.00% in June V/s 4.87% in May. Core inflation inched up marginally to 5.89% as well. The RBI estimates inflation to rise in the months ahead, estimating inflation at 4.6 per cent in Q2, 4.8 per cent in H2 of 2018-19 and 5.0 per cent in Q1:2019-20 - partly due to the recently hiked MSPs of key agricultural commodities. This represents an accelerating pace of inflation up to June quarter next year and a fairly large deviation from the RBI s 4% inflation target. Trade war fears continued to escalate with the US threatening additional duties on goods from China and the EU. As stated in our previous communiqué, in our opinion, India remains largely unaffected by the trade war salvos between the US and its key trading partners. Rural and consumption stories continue to remain attractive with a long term perspective. Our investment focus continues to remain quality centric. This approach has softened the impact of volatile markets on our equity portfolios. Going-forward, we continue to expect elevated volatility levels in the equity markets and hence advise investors to look at equity allocations from a medium to long term investment horizon. Systematic investments into equity products could also help investors ride out short term volatility. Source: Bloomberg, Axis MF Research. 6

AXIS BLUECHIP FUND (FORMERLY KNOWN AS AXIS EQUITY FUND) (An Open-Ended Equity Scheme Predominantly Investing In Large Cap Stocks) INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. 5th January 2010 2,408.99 Cr. 2,568.10 Cr. Nifty 50 % OF ASSETS BANKS 21.96 HDFC Bank Limited 9.89 Kotak Mahindra Bank Limited 6.87 Bandhan Bank Limited 3.22 IndusInd Bank Limited 1.98 STATISTICAL MEASURES (3 YEARS) Standard Deviation - 12.80% Beta - 0.87 Sharpe Ratio** - 0.52 TURNOVER* (1 YEAR) 1.72 times Mr. Shreyash Devalkar Work experience: 17 years. He has been managing this fund since 23rd November 2016 FINANCE 14.19 HDFC Limited 6.76 Bajaj Finance Limited 5.99 Bajaj Finserv Limited 1.44 CONSUMER NON DURABLES 9.69 Britannia Industries Limited 3.44 Hindustan Unilever Limited 3.26 SECTOR ALLOCATION Banks 21.96 Finance 14.19 Consumer Non Durables 9.69 Auto 8.84 Software 8.46 Petroleum 4.43 Products Auto Ancillaries 3.78 Retailing 2.80 Construction 2.51 Project 7.87 Asian Paints Limited 3.00 SOFTWARE 8.46 Tata Consultancy Services Limited 6.49 Infosys Limited 1.97 AUTO 8.02 Maruti Suzuki India Limited 5.38 Mahindra & Mahindra Limited 1.73 Eicher Motors Limited 0.91 PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- ` 10,000 Date of inception Axis Bluechip Fund - Growth 21.63% 12,163 12.87% 14,383 18.34% 23,223 13.08% 28,680 Nifty 50 14.20% 11,420 11.42% 13,834 16.03% 21,038 10.71% 23,919 05-Jan-10 S&P BSE Sensex (Additional Benchmark) 16.97% 11,697 11.61% 13,909 15.80% 20,828 10.82% 24,133 Axis Bluechip Fund - Direct Plan -Growth 23.33% 12,333 14.18% 14,893 19.70% 24,586 17.92% 25,090 Nifty 50 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 01-Jan-13 S&P BSE Sensex (Additional Benchmark) 16.97% 11,697 11.61% 13,909 15.80% 20,828 14.05% 20,823 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. PETROLEUM PRODUCTS 4.43 Reliance Industries Limited 4.43 AUTO ANCILLARIES 3.78 Motherson Sumi Systems Limited 1.37 MRF Limited 1.36 Endurance Technologies Limited 1.05 RETAILING 2.80 Avenue Supermarts Limited 2.80 CONSTRUCTION PROJECT 2.51 Larsen & Toubro Limited 2.51 OTHERS 8.70 Textile Products 2.48 Page Industries Limited 2.48 s Record Date DIVIDENDS Regular Plan Dividend (` Per unit) Direct Plan Dividend (` Per unit) Mar 15, 2018 2.00 2.00 16.36 14.36 2.00 2.00 17.41 15.41 Dividend Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39 Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Data as on 31st. If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil **Risk-free rate assumed to be 6.25% (MIBOR as on 31-7-18) - 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 30st. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid scheme effective from May 18, 2018. 7 Chemicals 1.64 Pidilite Industries Limited 1.64 Consumer Durables 1.30 Titan Company Limited 1.30 Cement 1.03 Shree Cement Limited 1.03 Pharmaceuticals 0.93 Sun Pharmaceutical Industries Limited 0.93 Other Equity (less than 0.50% of the corpus) 1.32 Total Equity 84.53 Debt, Cash & Other Receivables 15.47 Net Assets 100% ^Commercial Paper/Treasury Bill Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS FOCUSED 25 FUND (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. 29th June 2012 5,173.18 Cr. 5,498.52 Cr. Nifty 50 % OF ASSETS FINANCE 23.47 HDFC Limited 7.62 Bajaj Finance Limited 5.51 Bajaj Finserv Limited 5.16 Gruh Finance Limited 2.82 STATISTICAL MEASURES (3 YEARS) Standard Deviation - 15.18% Beta - 1.01 Sharpe Ratio** - 0.68 TURNOVER* (1 YEAR) 1.22 times Mr. Jinesh Gopani Work experience:17 years. He has been managing this fund since 07th June 2016 HDFC Standard Life Insurance Company Limited 2.36 BANKS 20.34 HDFC Bank Limited 8.42 Kotak Mahindra Bank Limited 7.13 Bandhan Bank Limited 4.79 AUTO ANCILLARIES 8.55 SECTOR ALLOCATION Finance 23.47 Banks 20.34 Auto Ancillaries 8.55 Software 8.39 Auto 6.55 Industrial 3.91 Products Textile Products 3.16 Pharmaceuticals 2.74 6.94 Motherson Sumi Systems Limited 3.84 Endurance Technologies Limited 1.85 WABCO India Limited 1.52 Varroc Engineering Limited 1.35 Cement 4.60 SOFTWARE 8.39 Tata Consultancy Services Limited 6.16 Info Edge (India) Limited 2.23 s PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Record Date ` 10,000/- Dividend (` Per unit) Mar 08, 2018 2.00 2.00 19.47 17.47 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 units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st. ` 10,000 Date of inception Axis Focused 25 Fund - Growth 20.53% 12,053 16.51% 15,823 21.19% 26,154 19.26% 29,240 Nifty 50 14.20% 11,420 11.42% 13,834 16.03% 21,038 14.83% 23,209 29-Jan-12 S&P BSE 200 (Additional Benchmark) 12.51% 11,251 12.15% 14,112 18.05% 22,939 16.11% 24,832 Axis Focused 25 Fund - Direct Plan - 21.92% 12,192 17.91% 16,401 22.64% 27,762 19.33% 26,810 Growth 01-Jan-13 Nifty 50 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 S&P BSE 200 (Additional Benchmark) 12.51% 11,251 12.15% 14,112 18.05% 22,939 14.74% 21,544 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated at `10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June 2016 and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. AUTO 6.55 Maruti Suzuki India Limited 6.55 CEMENT 4.60 Shree Cement Limited 4.60 INDUSTRIAL PRODUCTS 3.91 Supreme Industries Limited 3.91 TEXTILE PRODUCTS 3.16 Page Industries Limited 3.16 PHARMACEUTICALS 2.74 Sun Pharmaceutical Industries Limited 2.05 Sun Pharma Advanced Research Company Limited 0.69 OTHERS 6.94 Chemicals 2.69 Pidilite Industries Limited 2.69 Retailing 2.56 Avenue Supermarts Limited 2.56 Industrial Capital Goods 1.69 V-Guard Industries Limited 1.69 Total Equity 88.65 Debt, Cash & Other Receivables 11.35 Net Assets 100% ^Treasury Bill If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil **Risk-free rate assumed to be 6.25% (MIBOR as on 31-7-18) - 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 30 st. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 8 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS MIDCAP FUND (An Open Ended Equity Scheme Predominantly Investing In Mid Cap Stocks ) INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of Mid Cap companies. 18th February 2011 STATISTICAL MEASURES (3 YEARS) Standard Deviation - 14.88% Beta - 0.82 Sharpe Ratio** - 0.20 SECTOR ALLOCATION Regular Plan Dividend (` Per unit) s Record Date 1,463.89 Cr. 1,564.37 Cr. TURNOVER* (1 YEAR) 1.01 times PERFORMANCE (as on 31st July 2018) DIVIDENDS S&P BSE Midcap Mr. Shreyash Devalkar Work experience: More than 17 years. He has been managing this fund since 23rd November 2016 Finance 21.02 Banks 6.38 Auto Ancillaries 11.35 Textile Products 5.84 Industrial 9.32 Software 4.84 Products Consumer Non Retailing 4.67 8.06 Durables 10.60 Pharmaceuticals 6.78 Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- Direct Plan Dividend (` Per unit) If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil **Risk-free rate assumed to be 6.25% (MIBOR as on 31-7-18) - 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 31st. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. 9 Oct 16, 2017 2.25 2.25 24.83 22.58 2.25 2.25 29.02 26.77 Dividend Sep 15, 2016 2.00 2.00 22.64 20.64 2.00 2.00 25.83 23.83 Sep 10, 2015 1.75 1.75 23.29 21.54 1.75-26.04 24.29 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st. ` 10,000 Date of inception Axis Midcap Fund - Growth 17.60% 11,760 9.26% 13,046 25.57% 31,236 18.71% 35,890 S&P BSE Midcap 5.00% 10,500 13.69% 14,698 25.15% 30,721 14.05% 26,634 18-Feb-11 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 11.74% 22,866 Axis Midcap Fund - Direct Plan - Growth 18.85% 11,885 10.51% 13,501 27.12% 33,215 20.26% 27,999 S&P BSE Midcap 5.00% 10,500 13.69% 14,698 25.15% 30,721 16.94% 23,952 01-Jan-13 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 5 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. % OF ASSETS FINANCE 21.02 Gruh Finance Limited 6.31 Bajaj Finance Limited 4.83 Sundaram Finance Limited 3.22 Mahindra & Mahindra Financial Services Limited 3.19 HDFC Asset Management Company Limited 1.53 Cholamandalam Investment and Finance Company Limited 1.28 Mas Financial Services Limited 0.66 AUTO ANCILLARIES 11.35 Endurance Technologies Limited 4.19 Balkrishna Industries Limited 2.58 MRF Limited 2.00 WABCO India Limited 1.73 Varroc Engineering Limited 0.84 INDUSTRIAL PRODUCTS 9.32 Supreme Industries Limited 3.81 Astral Poly Technik Limited 3.64 Schaeffler India Limited 1.87 CONSUMER NON DURABLES 8.06 Procter & Gamble Hygiene And Health Care Limited 1.90 Britannia Industries Limited 1.88 Berger Paints (I) Limited 1.68 Kansai Nerolac Paints Limited 1.64 Colgate Palmolive (India) Limited 0.95 PHARMACEUTICALS 6.78 Divi's Laboratories Limited 2.42 Torrent Pharmaceuticals Limited 2.27 Sanofi India Limited 2.09 BANKS 6.38 City Union Bank Limited 5.20 The Federal Bank Limited 1.18 TEXTILE PRODUCTS 5.42 Page Industries Limited 5.42 SOFTWARE 4.84 Info Edge (India) Limited 2.60 Mphasis Limited 2.25 RETAILING 4.67 Avenue Supermarts Limited 2.93 Trent Limited 1.74 OTHERS 11.02 Consumer Durables 2.54 TTK Prestige Limited 1.78 Symphony Limited 0.76 Gas 2.49 Indraprastha Gas Limited 2.49 Construction Project 2.38 Voltas Limited 2.38 Industrial Capital Goods 2.06 V-Guard Industries Limited 2.06 Cement 1.12 ACC Limited 1.12 Other Equity (less than 0.50% of the corpus) 0.42 Total Equity 88.86 Debt, Cash & Other Receivables 11.14 Net Assets 100% ^Treasury Bill Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS LONG TERM EQUITY FUND (An Open-Ended Equity Linked Savings Scheme With A Statutory Lock In Of 3 Years And Tax Benefit) INVESTMENT OBJECTIVE: To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. 29th December 2009 STATISTICAL MEASURES (3 YEARS) Standard - 12.58% Deviation Beta - 0.84 Sharpe Ratio** - 0.53 SECTOR ALLOCATION 17,888.96 Cr. 18,262.47 Cr. TURNOVER* (1 YEAR) 1.11 times Banks 21.23 Finance 20.49 Software 10.23 Auto 7.99 Auto Ancillaries 7.80 Chemicals 6.04 PERFORMANCE (as on 31st July 2018) DIVIDENDS S&P BSE 200 Mr. Jinesh Gopani Work experience: 17 years. He has been managing this fund since 1st April 2011 Pharmaceuticals 5.04 Consumer 4.27 Durables Retailing 4.08 10.74 Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) s Record Date Mar 22, 2018 2.50 2.50 23.0548 20.5548 1.50 1.50 35.6776 34.1776 Jan 31, 2017 2.23 2.23 21.1726 18.9426 - - - - Regular Jan 25, 2016 2.25 2.25 21.2217 18.9717 - - - - Dividend Jan 22, 2015 2.00 2.00 24.2942 22.2942 - - - - 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 units is ` 10. Dividends disclosed above are since the inception of the fund. Data as on 31st. ` 10,000 Date of inception Axis Long Term Equity Fund - Growth 17.20% 11,720 12.89% 14,391 25.27% 30,867 19.21% 45,264 S&P BSE 200 12.51% 11,251 12.15% 14,112 18.05% 22,939 11.42% 25,319 29-Dec-09 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 10.90% 24,334 Axis Long Term Equity Fund - Direct 18.43% 11,843 14.12% 14,866 26.73% 32,708 23.42% 32,361 Plan - Growth S&P BSE 200 12.51% 11,251 12.15% 14,112 18.05% 22,939 14.74% 21,544 01-Jan-13 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 1st April 2011and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 32 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. % OF ASSETS BANKS 21.23 HDFC Bank Limited 9.67 Kotak Mahindra Bank Limited 7.44 Bandhan Bank Limited 4.13 FINANCE 20.33 HDFC Limited 6.60 Bajaj Finance Limited 5.70 Gruh Finance Limited 4.41 Sundaram Finance Limited 2.26 Multi Commodity Exchange of India Limited 0.81 Mas Financial Services Limited 0.56 SOFTWARE 10.23 Tata Consultancy Services Limited 7.95 Info Edge (India) Limited 2.29 AUTO 7.99 Maruti Suzuki India Limited 5.12 Eicher Motors Limited 2.87 AUTO ANCILLARIES 7.80 Motherson Sumi Systems Limited 3.44 WABCO India Limited 1.86 Endurance Technologies Limited 1.54 Varroc Engineering Limited 0.96 CHEMICALS 6.04 Pidilite Industries Limited 6.04 PHARMACEUTICALS 4.70 Sun Pharmaceutical Industries Limited 2.78 Divi's Laboratories Limited 1.01 Cadila Healthcare Limited 0.91 CONSUMER DURABLES 4.24 TTK Prestige Limited 2.75 Symphony Limited 1.49 RETAILING 4.08 Avenue Supermarts Limited 4.08 OTHERS 11.26 Power 2.73 Torrent Power Limited 2.73 Construction Project 1.77 Larsen & Toubro Limited 1.77 Industrial Products 1.51 Astral Poly Technik Limited 1.51 Pesticides 1.38 PI Industries Limited 1.38 Textile Products 1.29 Page Industries Limited 1.29 Consumer Non Durables 0.71 Nestle India Limited 0.71 Commercial Services 0.68 Quess Corp Limited 0.68 Industrial Capital Goods 0.66 V-Guard Industries Limited 0.66 Other Equity (less than 0.50% of the corpus) 0.53 Total Equity 97.90 Debt, Cash & Other Receivables 2.10 Net Assets 100% NIL **Risk-free rate assumed to be 6.25% (MIBOR as on 31-7-18) - 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 31st. Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 10 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS MULTICAP FUND (An Open-Ended Equity Scheme Investing Across Large Cap, Mid Cap, Small Cap Stocks.) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related struments across market capitalization. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. 20th November 2017 SECTOR ALLOCATION 2,714.74 Cr. 2,807.16 Cr. Banks 20.58 Finance 12.03 Consumer Non 10.49 Durables Software 8.34 Auto 7.24 Nifty 500 Index Mr. Shreyash Devalkar Work experience: 17 years. He has been managing this fund since inception. If redeemed / switched-out within 12 months from the date of allotment: For 10% of investment: NIL For remaining investment: 1% If redeemed / switched - out after 12 months from the date of allotment: Nil (w.e.f. May 18, 2018) Since scheme has not completed one year, performance details for the same are not provided. Auto Ancillaries 5.35 Retailing 3.24 Pharmaceuticals 2.74 Chemicals 2.51 8.71 Rating % OF ASSETS CORPORATE BOND 3.38 Vodafone Mobile Services Limited CRISIL AA- 1.23 Dewan Housing Finance Corporation Limited BWR AAA 0.70 Edelweiss Commodities Services Limited ICRA AA 0.53 Cholamandalam Investment and Finance Company Limited IND AA+ 0.18 LIC Housing Finance Limited CRISIL AAA 0.17 Piramal Capital & Housing Finance Limited ICRA AA 0.04 Power Finance Corporation Limited CRISIL AAA 0.35 Rural Electrification Corporation Limited CRISIL AAA 0.18 OTHERS 3.90 SBI Cards & Payment Services Pvt Limited CRISIL A1+ 3.90 TOTAL EQUITY 81.23 BANKS 20.58 HDFC Bank Limited 9.64 Kotak Mahindra Bank Limited 6.98 Bandhan Bank Limited 3.97 FINANCE 11.29 Bajaj Finance Limited 6.78 HDFC Limited 3.48 Bajaj Finserv Limited 1.04 CONSUMER NON DURABLES 10.49 Asian Paints Limited 3.39 Hindustan Unilever Limited 3.15 Britannia Industries Limited 2.00 Kansai Nerolac Paints Limited 1.05 Nestle India Limited 0.90 SOFTWARE 7.91 Tata Consultancy Services Limited 5.18 Infosys Limited 1.64 MphasiS Limited 1.09 AUTO 6.80 Maruti Suzuki India Limited 5.63 Mahindra & Mahindra Limited 1.17 AUTO ANCILLARIES 5.26 MRF Limited 2.04 Motherson Sumi Systems Limited 1.95 Varroc Engineering Limited 1.27 RETAILING 3.24 Avenue Supermarts Limited 3.24 PHARMACEUTICALS 2.74 Divi's Laboratories Limited 1.74 Sun Pharmaceutical Industries Limited 1.00 CHEMICALS 2.51 Pidilite Industries Limited 2.51 OTHERS 10.39 Textile Products 2.33 Page Industries Limited 2.33 Construction Project 1.79 Larsen & Toubro Limited 1.25 Voltas Limited 0.54 Petroleum Products 1.33 Reliance Industries Limited 1.33 Industrial Capital Goods 1.04 V-Guard Industries Limited 1.04 Consumer Durables 0.98 Titan Company Limited 0.98 Cement 0.79 Shree Cement Limited 0.79 Other Equity (less than 0.50% of the corpus) 2.14 Debt, Cash & Other Receivables 11.49 Net Assets 100% ^Commercial Paper/Treasury Bill 11 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

FIXED INCOME A U G U S T 2 0 1 8 7.77% 2.36% 6.25% 6.44% 10 yr G-Sec : Last 1 year 5.00% CPI Inflation : Last 1 year 6.25% Repo : Last 1 year QUICK TAKE The economy continues to stand on a solid macro foundation and political stability. Oil could play spoil s p o r t. G l o b a l f a c t o r s currently playing a larger role in market sentiment. Key Events During the Month RBI Policy - In Line: The Reserve Bank of India (RBI) raised the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 percent in the recently concluded bi-monthly monetary policy in line with market expectations. The tone of the policy remained cautious with adequate focus on upside risks to inflation. Rising Crude - Inflationary Pressures likely: Crude prices continued to remain elevated. Rising oil prices have raised fears of inflation and fiscal slippage. If oil related excise duties are reduced, the deficit is likely widen. CPI inflation inched up to 5.00% in June V/s 4.87% in May. Core inflation inched up marginally to 5.83% as well. Depreciating Currency: The USD-INR tempered some of its loses ending at 68.55/$ in line with other EM currencies. The rupee, despite its fall continues to remain one of the best performing EM currencies. If the INR performs in line with our trading partners, fears of imported inflation are likely to subside on a relative basis. Government Finances - A Fiscal Worry?: The central government s fiscal deficit in Apr-Jun reached 69% of the budgeted target. This is better than the 74% reached in Apr-June of last year. Overall, it is still early days to extrapolate these trend to full year (less than a fifth of full-year revenues are collected in 1st quarter, and revenue seasonality has changed post GST), but GST collection trends and rationalization of rates do pose slippage risks to watch out for. Strong US Economy - Positive for Global growth: In global events, The US Fed maintained the status quo in rates. It further upgraded the outlook for the US economy which grew at 4.1% in the 2nd quarter of the calendar year. The strong growth also pushed up US 10 year yields past the 3% barrier on hopes of stronger than expected growth for the year. The Chinese Economy - Fallout from the Trade War: The Chinese Yuan saw its sharpest fall in 2018 on the back of concerns over its trade war with the US. The Yuan fell 3% this month on worsening Sino-US relations. This is in the backdrop of China raising additional duties on over US$60 billion imports from the US. The Chinese monetary policy also aims to improve transmission of monetary changes amid rising external uncertainties by cracking down on illegal financial activities and institutions. Market View RBI policy in line. Market bearishness is likely to temper as participants had priced in sharp rate hikes by RBI going into the policy week We do not foresee a significant rally on the back of lingering fiscal issues and p o o r d e m a n d s u p p l y dynamics. Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward perspective. We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds. 10 YEAR G-SEC YIELD 7.77% The increase in policy rates has been done while maintaining a neutral stance. But two rate hikes back to back is not consistent with a neutral outlook on rates. We believe RBI could hike rates further in light of the current fiscal position and concerns over inflation. The RBI stance is clearly in favor of a staggered rate hikes based on incoming inflation and economic data. In our opinion, market had become over-bearish on the quantum and pace of hikes and is slowly getting repriced. We continue to see long bonds trade in a narrow range and hence find limited opportunities in this space. Banking liquidity continues to remain neutral. Core liquidity moved into deficit territory on the back of increasing currency in circulation and forex Intervention to stabilize the domestic currency markets. As a result, the RBI conducted OMO purchases during the month to infuse additional liquidity. RBI is expected to continue asset purchases in an attempt to maintain a neutral liquidity environment. 1-4 year corporate bonds currently offer significant opportunities on a risk adjusted basis as the risk of rate hikes are adequately priced in by the market and offer significant carry cushion. Further these bonds offer lower volatility as compared to their longer dated counterparts. ly short bonds offer 175+ basis spreads over operative rates and hence remain conducive for investors on a risk reward basis. 12 Source: Bloomberg, Axis MF Research.

AXIS LIQUID FUND (An Open-Ended Liquid Scheme) INVESTMENT OBJECTIVE: To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. ^^ 9th October 2009 AVERAGE MATURITY* 45 days MODIFIED DURATION* 41 days YIELD (YIELD TO MATURITY & ) 7.66% Total Money Market Instruments* - 99.25% Corporate Bond - 0.70% Zero Coupon Bond - 0.05% * Includes Net Assets 25,322.07 Cr. 24,121.85 Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November 2012. NIFTY Liquid Index % ( % w.e.f. 16th July, 2018) Mr. Aditya Pagaria Work experience: 11 years. He has been managing this fund since 13th August 2016. COMPOSITION BY ASSETS COMPOSITION BY RATING PERFORMANCE (as on 31st July 2018) DIVIDENDS CARE A1+/ CRISIL A1+/ CRISIL A1+(SO)/ ICRA A1+/ IND A1+/ CRISIL AAA/ ICRA AAA/ IND AAA & Equivalent - 76.60% SOV - 22.97% CARE AA/ CRISIL AA - 0.43% Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- Regular Plan Retail Plan Direct Plan Dividend (` Per Dividend (` Per Dividend (` Per unit) unit) unit) s Record Date July 25, 2018 4.3854 4.0609 1,006.9624 1,000.8742 4.0090 3.7308 1,005.8743 1,000.2810 4.4176 4.0907 1,006.4136 1,000.2808 Monthly Jun 25, 2018 4.5501 4.2134 1,007.1910 1,000.8742 4.1465 3.8782 1,006.0952 1,000.2810 4.5829 4.2438 1,006.6432 1,000.2808 Dividend May 25, 2018 3.9472 3.6551 1,006.3540 1,000.8742 3.5870 3.3381 1,005.2856 1,000.2810 3.9787 3.6843 1,005.8043 1,000.2808 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 1000. Dividends disclosed above are since the inception of the fund. NIL * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. 13 ` 10,000 Date of inception Axis Liquid Fund - Growth 7.04% 10,704 7.30% 12,355 8.07% 14,743 7.98% 19,669 NIFTY Liquid Index 6.82% 10,682 7.06% 12,275 7.96% 14,667 7.91% 19,568 CRISIL 1 Year T-Bill Index (Additional 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.45% 17,354 09-Oct-09 Benchmark) Axis Liquid Fund - Direct Plan - Growth 7.10% 10,710 7.37% 12,381 8.14% 14,792 8.18% 15,509 NIFTY Liquid Index 6.82% 10,682 7.06% 12,275 7.96% 14,667 7.97% 15,347 CRISIL 1 Year T-Bill Index (Additional 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,584 31-Dec-12 Benchmark) Axis Liquid Fund - Retail - Growth 6.42% 10,642 6.72% 12,155 7.50% 14,359 7.67% 18,639 NIFTY Liquid Index 6.82% 10,682 7.06% 12,275 7.96% 14,667 8.12% 19,306 CRISIL 1 Year T-Bill Index (Additional 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.64% 17,182 01-Mar-10 Benchmark) Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on Page 32-33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL MONEY MARKET INSTRUMENTS^ 115.88 BANKS 8.99 RBL Bank Limited ICRA A1+ 1.85 Yes Bank Limited ICRA A1+ 1.83 The South Indian Bank Limited CARE A1+ 1.74 Vijaya Bank CARE A1+ 1.22 IndusInd Bank Limited CRISIL A1+ 0.82 Abu Dhabi Commercial Bank PJSC CRISIL A1+ 0.82 Export Import Bank of India CRISIL A1+ 0.68 Bandhan Bank Limited ICRA A1+ 0.03 OTHERS 83.92 NABARD ICRA A1+ 6.26 Edelweiss Commodities Services Limited CRISIL A1+ 5.44 Indiabulls Housing Finance Limited CRISIL A1+ 4.97 Dewan Housing Finance Corporation Limited CRISIL A1+ 4.67 Tata Steel Limited ICRA A1+ 4.03 Vedanta Limited CRISIL A1+ 3.96 ECL Finance Limited CRISIL A1+ 3.28 JSW Steel Limited ICRA A1+ 2.84 IIFL Facilities Services Limited CRISIL A1+ 2.77 India Infoline Finance Limited ICRA A1+ 2.26 National Housing Bank CRISIL A1+ 2.04 Piramal Capital & Housing Finance Limited ICRA A1+ 1.99 JM Financial Products Limited ICRA A1+ 1.86 Infina Finance Private Limited CRISIL A1+ 1.86 Magma Fincorp Limited CRISIL A1+ 1.84 Hinduja Leyland Finance Limited CRISIL A1+ 1.74 JM Financial Properties and Holdings Limited ICRA A1+ 1.64 IIFL Securities Limited CRISIL A1+ 1.64 Muthoot Finance Limited CRISIL A1+ 1.63 SBI Cards & Payment Services Pvt Limited CRISIL A1+ 1.53 Reliance Jio Infocomm Limited CRISIL A1+ 1.44 TVS Credit Services Limited CRISIL A1+ 1.43 Piramal Capital & Housing Finance Limited CRISIL A1+ 1.24 Essel Mining And Industries Ltd ICRA A1+ 1.22 Indus Towers Limited ICRA A1+ 1.06 L&T Finance Limited ICRA A1+ 1.03 Piramal Enterprises Limited ICRA A1+ 1.02 Indiabulls Commercial Credit Limited CRISIL A1+ 1.02 IIFL Wealth Finance Limited CRISIL A1+ 1.02 Gruh Finance Limited CRISIL A1+ 1.02 Tata Capital Financial Services Limited CRISIL A1+ 1.00 Reliance Industries Limited CRISIL A1+ 0.92 IIFL Home Finance Limited CRISIL A1+ 0.82 Reliance Retail Ltd CARE A1+ 0.82 Trapti Trading & Invest Pvt Limited ICRA A1+ 0.62 Redington (India) Limited CRISIL A1+ 0.62 HDFC Limited CRISIL A1+ 0.61 ICICI Home Finance Company Limited ICRA A1+ 0.61 Aditya Birla Capital Limited CRISIL A1+ 0.61 SRF Limited CRISIL A1+ 0.61 Tata Power Company Limited CRISIL A1+ 0.61 Talwandi Sabo Power Limited CRISIL A1+(SO) 0.60 Mahindra Rural Housing Finance IND A1+ 0.51 JM Financial Services Limited ICRA A1+ 0.41 TMF Holdings Limited ICRA A1+ 0.41 Adani Transmission Limited ICRA A1+ 0.41 TGS Investment & Trade Pvt Limited ICRA A1+ 0.41 Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.41 TV Sundram Iyengar & Sons Pvt Ltd ICRA A1+ 0.41 HDFC Credila Financial Services Pvt Limited CRISIL A1+ 0.40 LIC Housing Finance Limited CRISIL A1+ 0.35 Varroc Engineering Limited ICRA A1+ 0.33 IDFC Infrastructure Finance Limited ICRA A1+ 0.31 Renew Power Limited CARE A1+ 0.29 JM Financial Services Limited CRISIL A1+ 0.21 IndoStar Capital Finance Limited CRISIL A1+ 0.20 HDFC Limited ICRA A1+ 0.20 Turquoise Invest & Finance Pvt Limited CRISIL A1+ 0.10 Rural Electrification Corporation Limited CRISIL A1+ 0.10 Adani Ports and Special Economic Zone Limited ICRA A1+ 0.10 Northern Arc Capital Limited ICRA A1+ 0.06 Reliance Industries Limited CARE A1+ 0.04 L&T Infrastructure Finance Company Limited ICRA A1+ 0.02 TREASURY BILL 22.97 70 Days Tbill SOVEREIGN 18.05 91 Days Tbill SOVEREIGN 4.91 45 Days CMB SOVEREIGN 0.01 70 Days CMB SOVEREIGN 0.001 TOTAL DEBT 0.75 CORPORATE BOND 0.70 Nirma Limited CRISIL AA 0.21 JM Financial Products Limited CRISIL AA 0.17 Indiabulls Housing Finance Limited ICRA AAA 0.16 Daimler Financial Services India Pvt Limited IND AAA 0.15 Reliance Jio Infocomm Limited CRISIL AAA 0.01 Power Finance Corporation Limited CRISIL AAA 0.003 ZERO COUPON BOND 0.05 Edelweiss Commodities Services Limited CARE AA 0.05 NET CURRENT ASSETS -16.64 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper Treasury Bill Aggregate Investments by other schemes as on July 31st, 2018 Rs. 17,503.76 Lakhs Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS TREASURY ADVANTAGE FUND (An Open Ended Low Duration Debt Scheme Investing In Instruments Such That The Macaulay Duration Of The Portfolio Is Between 6 To 12 Months) INVESTMENT OBJECTIVE: To provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity. However, there can be no assurance that the investment objective of the Scheme will be achieved. 9th October 2009 AVERAGE MATURITY * 244 days MODIFIED DURATION * 217 days YIELD (YIELD TO MATURITY & ) 8.02% Total Money Market Instruments* - 48.65% Corporate Bond - 44.23% Zero Coupon Bond - 6.36% Pass Through Certificate - 0.76% * Includes Net Assets 2,285.72 Cr. 2,392.52 Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 07th June 2016. NIFTY Low Duration Debt Index % ( % w.e.f. 16th July, 2018) Mr. Aditya Pagaria Work experience: 11 years. He has been managing this fund since 13th August 2016. COMPOSITION BY ASSETS COMPOSITION BY RATING PERFORMANCE (as on 31st July 2018) DIVIDENDS CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ ICRA AAA/ ICRA AAA(SO) & Equivalent - 85.88% CRISIL AA/ ICRA AA - 8.50% CRISIL AA+/ IND AA+ - 3.19% CARE AA- -2.10% SOV - 0.33% Period Date 1 Year 3 Years 5 Years Since Inception ` 10,000/- Regular Plan Retail Plan Direct Plan Dividend (` Per Dividend (` Per Dividend (` Per unit) unit) unit) s Record Date NIL * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. 14 July 25, 2018 4.6328 4.2900 1,011.8830 1,005.4514 4.6353 4.2895 1,011.8791 1,005.4482 4.9498 4.5835 1,012.3247 1,005.4530 Monthly Jun 25, 2018 5.8697 5.4354 1,013.6002 1,005.4514 5.8674 5.4354 1,013.5970 1,005.4482 6.1991 5.7403 1,014.0590 1,005.4530 Dividend May 25, 2018 1.4929 1.3825 1,007.5240 1,005.4514 1.4906 1.3820 1,007.5202 1,005.4482 1.8092 1.6755 1,007.9650 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 units is ` 1000. Dividends disclosed above are since the inception of the fund. ` 10,000 Date of inception Axis Treasury Advantage Fund - Growth 6.46% 10,646 7.39% 12,387 8.14% 14,791 8.04% 19,770 NIFTY Low Duration Debt Index 6.58% 10,658 7.48% 12,419 8.43% 14,995 8.26% 20,132 09-Oct-09 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.45% 17,354 Axis Treasury Advantage Fund - Direct 7.05% 10,705 7.90% 12,564 8.64% 15,140 8.61% 15,856 Plan - Growth NIFTY Low Duration Debt Index 6.58% 10,658 7.48% 12,419 8.43% 14,995 8.22% 15,541 01-Jan-13 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,578 Axis Treasury Advantage Fund - Retail 6.07% 10,607 6.84% 12,199 7.51% 14,367 7.58% 18,501 - Growth NIFTY Low Duration Debt Index 6.58% 10,658 7.48% 12,419 8.43% 14,995 8.38% 19,692 03-Mar-10 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.64% 17,179 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 34 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on 32-33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL MONEY MARKET INSTRUMENTS^ 41.01 BANKS 13.83 IndusInd Bank Limited CRISIL A1+ 5.66 HDFC Bank Limited CARE A1+ 4.00 Yes Bank Limited ICRA A1+ 2.96 Small Industries Dev Bank of India CRISIL A1+ 1.00 RBL Bank Limited ICRA A1+ 0.21 OTHERS 26.85 Adani Ports and Special Economic Zone Limited ICRA A1+ 4.13 Reliance Jio Infocomm Limited CRISIL A1+ 3.50 Edelweiss Commodities Services Limited CRISIL A1+ 2.89 Reliance Industries Limited CRISIL A1+ 2.80 Indiabulls Housing Finance Limited CRISIL A1+ 2.52 Infina Finance Private Limited CRISIL A1+ 2.09 Tata Power Company Limited CRISIL A1+ 2.05 Indiabulls Housing Finance Limited ICRA A1+ 1.62 HDFC Limited CRISIL A1+ 1.41 Export Import Bank of India CRISIL A1+ 1.00 Tata Motors Limited ICRA A1+ 0.56 Piramal Enterprises Limited ICRA A1+ 0.49 National Bank For Agriculture and Rural Development ICRA A1+ 0.21 IIFL Wealth Finance Limited ICRA A1+ 0.21 Power Finance Corporation Limited CRISIL A1+ 0.21 Bajaj Finance Limited CRISIL A1+ 0.21 Small Industries Dev Bank of India CARE A1+ 0.21 Shriram Transport Finance Company Limited ICRA A1+ 0.21 UltraTech Cement Limited CRISIL A1+ 0.21 NTPC Limited CRISIL A1+ 0.21 L&T Infrastructure Finance Company Limited ICRA A1+ 0.08 HDFC Limited ICRA A1+ 0.04 TREASURY BILL 0.33 91 Days Tbill Sovereign 0.33 PASS THROUGH CERTIFICATE 0.76 Rainbow Devices Trust ICRA AAA(SO) 0.76 TOTAL DEBT 50.59 CORPORATE BOND 44.23 Power Finance Corporation Limited CRISIL AAA 8.28 NABARD CRISIL AAA 6.27 Citicorp Finance India Limited ICRA AAA 5.22 LIC Housing Finance Limited CRISIL AAA 3.35 Piramal Capital & Housing Finance Limited ICRA AA 3.14 Hinduja Leyland Finance Limited CARE AA- 2.10 Reliance Jio Infocomm Limited CRISIL AAA 2.09 Indiabulls Housing Finance Limited BWR AAA 1.34 Muthoot Finance Limited CRISIL AA 1.32 India Infoline Finance Limited ICRA AA 1.26 Small Industries Dev Bank of India CARE AAA 1.12 HDFC Limited CRISIL AAA 1.08 Edelweiss Commodities Services Limited CRISIL AA 1.04 Shriram Transport Finance Company Limited CRISIL AA+ 1.04 ICICI Home Finance Company Limited ICRA AAA 1.02 Mahindra Rural Housing Finance IND AA+ 1.01 NHPC Limited ICRA AAA 0.82 Rural Electrification Corporation Limited CRISIL AAA 0.77 Adani Transmission Limited IND AA+ 0.63 Indian Railway Finance Corporation Limited CRISIL AAA 0.50 Power Grid Corporation of India Limited CRISIL AAA 0.42 Dewan Housing Finance Corporation Limited BWR AAA 0.21 Export Import Bank of India CRISIL AAA 0.20 ZERO COUPON BOND 6.36 Dewan Housing Finance Corporation Limited CARE AAA 4.11 TMF Holdings Limited CRISIL AA 1.17 JM Financial Products Limited CRISIL AA 0.57 IDFC Bank Limited IND AA+ 0.51 NET CURRENT ASSETS 7.64 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper/Treasury Bill Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS SHORT TERM FUND (An Open Ended Short Term Debt Scheme Investing In Instruments Such That The Macaulay Duration Of The Portfolio Is Between 1 Year To 3 Years) INVESTMENT OBJECTIVE: To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. 22nd January 2010 AVERAGE MATURITY * 1.8 years MODIFIED DURATION * 1.5 years YIELD (YIELD TO MATURITY & ) 8.32% 5,310.04 Cr. 5,170.94 Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November 2012. NIFTY Short Duration Debt Index % ( % w.e.f. 16th July, 2018) COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond - 72.29% Total Money Market Instruments* - 13.01% CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL Government Bond - 4.40% AAA(SO)/ ICRA AAA/ ICRA AAA(SO)/ IND AAA & Equivalent - 82.06% Zero Coupon Bond - 3.59% SOV - 7.93% CARE AA+/ CRISIL AA+/ ICRA AA+/ IND AA+ - 7.31% State Government Bond - 3.53% Pass Through Certificate - 3.18% CRISIL AA - 2.71% * Includes Net Assets PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Regular Plan Retail Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) Dividend (` Per unit) s Record Date July 25, 2018 0.0468 0.0433 10.2158 10.1507 0.0466 0.0431 10.0809 10.0162 0.0506 0.0469 10.0880 10.0176 Monthly Jun 25, 2018 0.0418 0.0387 10.2070 10.1490 0.0432 0.0400 10.0750 10.0150 0.0455 0.0422 10.0791 10.0158 Dividend May 25, 2018 0.0036 0.0034 10.1409 10.1358 0.0011 0.0010 10.0020 10.0004 0.0078 0.0072 10.0136 10.0027 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. ` 10,000/- ` 10,000 Date of inception Axis Short Term Fund - Growth 4.70% 10,470 7.28% 12,348 8.31% 14,912 7.90% 19,116 NIFTY Short Duration Debt Index 5.02% 10,502 7.42% 12,398 8.56% 15,082 7.99% 19,258 22-Jan-10 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.58% 17,221 Axis Short Term Fund - Direct Plan - 5.44% 10,544 8.07% 12,623 9.16% 15,502 8.72% 15,945 Growth NIFTY Short Duration Debt Index 5.02% 10,502 7.42% 12,398 8.56% 15,082 8.20% 15,527 01-Jan-13 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,578 Axis Short Term Fund - Retail - Growth 4.70% 10,470 7.28% 12,348 8.32% 14,917 7.85% 18,900 NIFTY Short Duration Debt Index 5.02% 10,502 7.42% 12,398 8.56% 15,082 8.04% 19,174 02-Mar-10 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.64% 17,180 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes of Axis Mutual Fund. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL DEBT 83.81 CORPORATE BOND 72.29 Power Finance Corporation Limited CRISIL AAA 11.42 HDFC Limited CRISIL AAA 7.94 Rural Electrification Corporation Limited CRISIL AAA 6.35 Reliance Jio Infocomm Limited CRISIL AAA 5.00 Small Industries Dev Bank of India CARE AAA 4.38 LIC Housing Finance Limited CRISIL AAA 4.16 NABARD CRISIL AAA 3.87 Tata Sons Ltd CRISIL AAA 3.16 Muthoot Finance Limited CRISIL AA 1.56 NABARD IND AAA 1.54 Mahindra & Mahindra Financial Services Limited IND AAA 1.53 Cholamandalam Investment and Finance Company Limited ICRA AA+ 1.45 Tata Capital Financial Services Limited CRISIL AA+ 1.44 Indian Railway Finance Corporation Limited CRISIL AAA 1.44 Dewan Housing Finance Corporation Limited BWR AAA 1.34 Indiabulls Housing Finance Limited BWR AAA 1.18 Jamnagar Utilities & Power Private Limited CRISIL AAA 0.99 Nirma Limited CRISIL AA 0.96 L&T Housing Finance CARE AAA 0.95 Dewan Housing Finance Corporation Limited CARE AAA 0.89 NHPC Limited ICRA AAA 0.81 HDB Financial Services Limited CRISIL AAA 0.76 Gruh Finance Limited CRISIL AAA 0.76 Reliance Industries Limited CRISIL AAA 0.73 Power Grid Corporation of India Limited CRISIL AAA 0.73 IDFC Bank Limited IND AA+ 0.67 Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.67 Shriram Transport Finance Company Limited CRISIL AA+ 0.67 Tata Capital Financial Services Limited ICRA AA+ 0.61 Daimler Financial Services India Pvt Limited IND AAA 0.48 Tata Motors Limited CARE AA+ 0.48 LIC Housing Finance Limited CARE AAA 0.48 Mahindra Rural Housing Finance CRISIL AA+ 0.48 East West Pipeline Limited CRISIL AAA 0.30 Adani Transmission Limited IND AA+ 0.29 L&T Infrastructure Finance Company Limited CARE AAA 0.29 National Highways Auth Of Ind CRISIL AAA 0.28 Food Corporation Of India CRISIL AAA(SO) 0.26 Bajaj Finance Limited CARE AAA 0.21 Mahindra Rural Housing Finance IND AA+ 0.19 Tube Investments of India Limited CRISIL AA 0.19 Bhopal Dhule Transmission Company Limited CRISIL AAA 0.19 Indiabulls Housing Finance Limited CARE AAA 0.10 Bharti Airtel Limited CRISIL AA+ 0.09 Export Import Bank of India CRISIL AAA 0.01 GOVERNMENT BOND SOVEREIGN 4.40 ZERO COUPON BOND 3.59 Dewan Housing Finance Corporation Limited CARE AAA 2.16 IDFC Bank Limited IND AA+ 0.92 Kotak Mahindra Prime Limited CRISIL AAA 0.24 Mahindra & Mahindra Financial Services Limited IND AAA 0.24 Axis Finance Limited IND AAA 0.02 HDB Financial Services Limited CRISIL AAA 0.005 STATE GOVERNMENT BOND SOVEREIGN 3.53 TOTAL MONEY MARKET INSTRUMENTS^ 5.17 OTHERS 5.07 Indiabulls Housing Finance Limited CRISIL A1+ 2.66 Export Import Bank of India CRISIL A1+ 0.86 Indiabulls Housing Finance Limited ICRA A1+ 0.73 Dewan Housing Finance Corporation Limited CRISIL A1+ 0.45 HDFC Limited CRISIL A1+ 0.28 HDFC Limited ICRA A1+ 0.10 BANKS 0.10 Small Industries Dev Bank of India CARE A1+ 0.09 IDFC Bank Limited ICRA A1+ 0.004 PASS THROUGH CERTIFICATE 3.18 RENT-A-DEVICE TRUST ICRA AAA(SO) 1.79 Rainbow Devices Trust ICRA AAA(SO) 1.39 NET CURRENT ASSETS 7.84 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper NIL * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been 15 change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS DYNAMIC BOND FUND (An Open-Ended Dynamic Debt Scheme Investing Across Duration) INVESTMENT OBJECTIVE: To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. 27th April 2011 211.29 Cr. 209.42 Cr. NIFTY Composite Debt Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT 58.87 CORPORATE BOND 29.33 Reliance Jio Infocomm Limited CRISIL AAA 9.21 Union Bank of India BWR AA 5.11 AVERAGE MATURITY* 2.8 years MODIFIED DURATION* 2.1 years YIELD (YIELD TO MATURITY & ) 7.95% Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since inception Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November 2012. Punjab National Bank IND A+ 5.09 Syndicate Bank IND AA- 3.79 Renew Power Limited CARE A+ 2.38 Tata Power Company Limited CRISIL AA- 1.98 India Infrastructure Fin Co Ltd CRISIL AAA 1.29 Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 0.47 GOVERNMENT BOND SOVEREIGN 23.53 COMPOSITION BY ASSETS COMPOSITION BY RATING Total Money Market Instruments* - 30.69% CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Equivalent Corporate Bond - 29.33% - 48.36% SOV- 28.94% BWR A+(SO)/ CARE A+/ ICRA Government Bond - 23.53% Pass Through Certificate - 10.44% A+(SO)/ IND A+ - 8.93% CRISIL AA-/ IND AA- - 5.77% State Government Bond - 4.94% BWR AA - 5.11% ICRA A-(SO) - 1.82% Reduced Face Value Bonds - Non Amortisation - 1.07% IND A(SO) - 1.07% * Includes Net Assets PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- ` 10,000 Date of inception Axis Dynamic Bond Fund - Growth 1.61% 10,161 7.13% 12,298 8.06% 14,734 8.21% 17,740 NIFTY Composite Debt Index 1.40% 10,140 7.03% 12,264 8.42% 14,985 8.09% 17,595 27-Apr-11 CRISIL 10 Year Gilt Index (Additional -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.43% 15,725 Benchmark) Axis Dynamic Bond Fund - Direct Plan 2.51% 10,251 8.17% 12,659 9.28% 15,589 9.03% 16,205 - Growth NIFTY Composite Debt Index 1.40% 10,140 7.03% 12,264 8.42% 14,985 7.77% 15,182 01-Jan-13 CRISIL 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.16% 13,957 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Calculations are based on Growth. Since inception returns are calculated at Rs.10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 6 schemes & Devang Shah is managing the schmes since 5th November 2012 and he manages 34 schemes. Please refer to annexure on Page 32&33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). STATE GOVERNMENT BOND SOVEREIGN 4.94 REDUCED FACE VALUE BONDS - NON AMORTISATION 1.07 Ess Kay Fincorp Limited IND A(SO) 1.07 TOTAL MONEY MARKET INSTRUMENTS^ 0.47 TREASURY BILL 0.47 91 Days Tbill Sovereign 0.47 PASS THROUGH CERTIFICATE 10.44 Sansar Trust IIERT TRUST ICRA AAA(SO) CRISIL AAA(SO) 4.11 3.53 Zenith Trust ICRA A-(SO) 1.82 Solstice Trust ICRA A+(SO) 0.98 NET CURRENT ASSETS 30.22 NET ASSETS 100% ^Treasury Bill DIVIDENDS Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) s Record Date Mar 26, 2018 0.1805 0.1672 10.6926 10.4426 0.1805 0.1672 11.3943 11.1443 Sep 25, 2017 0.3611 0.3345 11.1287 10.6287 0.3611 0.3345 11.7742 11.2742 Half Yearly Dividend 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 Jun 25, 2018 - - - - 0.1800 0.1667 10.7399 10.4899 Quarterly Dividend Mar 26, 2018 - - - - 0.1805 0.1672 10.9742 10.7242 Dec 26, 2017 0.1805 0.1672 10.3747 10.1247 0.1805 0.1672 11.0901 10.8401 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. NIL 16 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS CORPORATE DEBT FUND (FORMERLY KNOWN AS AXIS CORPORATE DEBT OPPORTUNITIES FUND) (An Open Ended Debt Scheme Predominantly Investing In AA+ And Above Rated Corporate Bonds ) INVESTMENT OBJECTIVE: The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no assurance or guarantee that the objectives of the Scheme will be realized. 13th July 2017 AVERAGE MATURITY* 1.2 years MODIFIED DURATION* 1 year YIELD (YIELD TO MATURITY & ) 8.87% 329.12 Cr. 353.26 Cr. NIFTY Corporate Bond Index % ( % w.e.f. 16th July, 2018) Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 13th July 2017. COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond - 52.20% CARE A1+/ CRISIL A1+/ ICRA A1+/ BWR AAA/ CARE AAA/ CRISIL Total Money Market Instruments* - 41.26% AAA/ CRISIL AAA(SO) & Equivalent - 85.37% BWR A+(SO)/ CARE Pass Through Certificate - 2.44% Government Bond - 1.84% A+/ IND A+ - 3.78% CRISIL AA+/ IND AA+ - 3.15% CARE Zero Coupon Bond - 1.82% AA-/ ICRA AA-/ IND AA- - 2.66% CRISIL AA - 1.90% Reduced Face Value Bonds - Non SOV - 1.84% ICRA A-(SO) - 0.87% IND A(SO) - 0.43% Amortisation - 0.43% * Includes Net Assets PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- ` 10,000 Axis Corporate Debt Fund - Growth 6.58% 10,658 - - - - 6.80% 10,715 NIFTY Corporate Bond Index 4.20% 10,420 - - - - 4.49% 10,471 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 5.72% 10,601 Axis Corporate Debt Fund - Direct Plan 7.53% 10,753 - - - - 7.76% 10,815 NIFTY Corporate Bond Index 4.20% 10,420 - - - - 4.49% 10,471 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 5.72% 10,601 DIVIDENDS Date of inception 13-Jul-17 13-Jul-17 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3years & 5 years period has not been provided, since scheme is in existence for less than 3 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the schmes since 13th July 2017 and he manages 34 schemes. Please refer to annexure on Page 32&33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). Regular Plan Direct Plan Dividend (` Per unit) Dividend (` Per unit) s Record Date July 25, 2018 0.0514 0.0476 10.1214 10.0500 0.0567 0.0525 10.1288 10.0500 Monthly Jun 25, 2018 0.0641 0.0593 10.1390 10.0500 0.0696 0.0644 10.1467 10.0500 Dividend May 25, 2018 0.0145 0.0134 10.0701 10.0500 0.0198 0.0184 10.0776 10.0500 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund.. If redeemed / switched-out on or before 6 months from the date of allotment: 0.50%; If redeemed / switched out after 6 months from the date of allotment : Nil. (w.e.f. August 3, 2018) * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. 17 RATING % OF ASSETS TOTAL DEBT 56.30 CORPORATE BOND 52.20 Power Finance Corporation Limited CRISIL AAA 11.60 Rural Electrification Corporation Limited CRISIL AAA 5.57 Reliance Jio Infocomm Limited CRISIL AAA 4.76 Indian Railway Finance Corporation Limited CRISIL AAA 4.71 Dewan Housing Finance Corporation Limited BWR AAA 3.43 Jamnagar Utilities & Power Private Limited CRISIL AAA 2.65 NABARD CRISIL AAA 1.92 HDFC Limited CRISIL AAA 1.91 Indiabulls Housing Finance Limited BWR AAA 1.91 Edelweiss Commodities Services Limited CRISIL AA 1.90 Export Import Bank of India CRISIL AAA 1.87 Renew Power Limited CARE A+ 1.71 Power Grid Corporation of India Limited CRISIL AAA 1.35 Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 1.14 Mahindra Rural Housing Finance IND AA+ 0.95 Magma Fincorp Limited ICRA AA- 0.95 Syndicate Bank IND AA- 0.95 Punjab National Bank IND A+ 0.93 Small Industries Dev Bank of India CARE AAA 0.86 Hinduja Leyland Finance Limited CARE AA- 0.77 Bharti Airtel Limited CRISIL AA+ 0.38 GOVERNMENT BOND SOVEREIGN 1.84 ZERO COUPON BOND 1.82 IDFC Bank Limited IND AA+ 1.82 REDUCED FACE VALUE BONDS - NON AMORTISATION 0.43 Ess Kay Fincorp Limited IND A(SO) 0.43 TOTAL MONEY MARKET INSTRUMENTS^ 35.43 OTHERS 21.79 Aditya Birla Finance Limited ICRA A1+ 4.77 L&T Finance Limited ICRA A1+ 4.77 Infina Finance Private Limited CRISIL A1+ 4.77 Indiabulls Housing Finance Limited CRISIL A1+ 3.09 Reliance Jio Infocomm Limited CRISIL A1+ 2.60 IndoStar Capital Finance Limited CRISIL A1+ 1.79 BANKS 13.64 Small Industries Dev Bank of India CARE A1+ 8.95 Yes Bank Limited ICRA A1+ 4.69 PASS THROUGH CERTIFICATE 2.44 IIERT TRUST CRISIL AAA(SO) 1.08 Zenith Trust ICRA A-(SO) 0.87 MFL Securitisation Trust CRISIL AAA(SO) 0.49 NET CURRENT ASSETS 5.83 NET ASSETS 100% ^Certificate of Deposit/Commercial Paper Aggregate Investments by other schemes as on July 31st, 2018 Rs. 17,029.60 Lakhs Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS STRATEGIC BOND FUND (FORMERLY KNOWN AS AXIS REGULAR SAVINGS FUND) (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years to 4 years ) INVESTMENT OBJECTIVE: To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. 28th March 2012 AVERAGE MATURITY * 2.2 years MODIFIED DURATION * 1.8 years YIELD (YIELD TO MATURITY & ) 9.31% s Record Date Dividend (` Per unit) 1,486.30 Cr. 1,494.73 Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November 2012. Regular Plan Dividend (` Per unit) NIFTY Medium Duration Debt Index % ( % w.e.f. 16th July, 2018) Mr Dhaval Patel Work experience: 14 years. He has been co-managing this fund since 1st June 2018 COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond - 79.27% CRISIL A1+/ BWR AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Pass Through Certificate - 10.53% Equivalent - 44.93% CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ BWR AA/ Total Money Market Instruments* - 5.10% Reduced Face Value Bonds - Non Amortisation - 2.55% CRISIL AA(SO) - 23.60% BWR AA-(SO)/ CARE AA-/ CRISIL AA-/ ICRA AA-/ Government Bond - 1.27% IND AA- -12.38% BWR A+(SO)/ CARE A+/ ICRA A+/ ICRA A+(SO)/ CARE Zero Coupon Bond - 1.01% A+(SO)/ IND A+/ CRISIL A+ - 10.14% CRISIL AA+/ ICRA AA+ - State Government Bond - 0.26% 4.62% ICRA A-(SO)/ CARE A- - 2.30% SOV - 1.53% IND A(SO) - * Includes Net Assets 0.50 % PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS ` 10,000/- Direct Plan Half Yearly Dividend Mar 26, 2018 0.3611 0.3345 11.1951 10.6951 0.3611 0.3345 11.4850 10.9850 Sep 25, 2017 0.3611 0.3345 11.3877 10.8877 0.3611 0.3345 11.6281 11.1281 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 Quarterly Dividend Jun 25, 2018 0.1440 0.1334 10.3468 10.1468 0.1800 0.1667 11.0014 10.7514 Mar 26, 2018 0.1805 0.1672 10.5370 10.2870 0.1805 0.1672 11.1669 10.9169 Dec 26, 2017 0.1805 0.1672 10.6019 10.3519 0.1805 0.1672 11.2000 10.9500 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. 18 ` 10,000 Date of inception Axis Strategic Bond Fund - Growth 5.41% 10,541 8.46% 12,761 9.28% 15,590 8.89% 17,171 NIFTY Medium Duration Debt Index 2.85% 10,285 7.31% 12,361 8.72% 15,193 8.51% 16,791 28-Mar-12 CRISIL 10 Year Gilt Index (Additional -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.87% 15,247 Benchmark) Axis Strategic Bond Fund - Direct Plan 6.16% 10,616 9.32% 13,068 10.24% 16,290 9.51% 16,581 - Growth NIFTY Medium Duration Debt Index 2.85% 10,285 7.31% 12,361 8.72% 15,193 8.00% 15,348 07-Jan-13 CRISIL 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.03% 13,854 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes amd Dhaval Patel schemes is managing the scheme since 1st June 2018 and he manages 1 scheme of Axis Mutual Fund. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL DEBT 84.37 CORPORATE BOND 79.27 Power Finance Corporation Limited CRISIL AAA 6.68 Reliance Jio Infocomm Limited CRISIL AAA 6.62 Dewan Housing Finance Corporation Limited BWR AAA 4.74 Indiabulls Housing Finance Limited BWR AAA 3.47 Edelweiss Commodities Services Limited CRISIL AA 3.19 Talwandi Sabo Power Limited CRISIL AA(SO) 2.83 Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.68 Bharti Airtel Limited CRISIL AA+ 2.65 IndoStar Capital Finance Limited CARE AA- 2.65 PVR Limited CRISIL AA- 2.64 Tube Investments of India Limited CRISIL AA 2.63 Rural Electrification Corporation Limited CRISIL AAA 2.21 Renew Power Limited CARE A+ 2.00 ICICI Bank Limited ICRA AA+ 1.97 Bhopal Dhule Transmission Company Limited CRISIL AAA 1.88 Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 1.86 Muthoot Finance Limited CRISIL AA 1.70 HDFC Limited CRISIL AAA 1.68 JK Lakshmi Cement Limited CARE AA 1.66 Magma Fincorp Limited ICRA AA- 1.66 Vedanta Limited CRISIL AA 1.65 JM Financial Products Limited CRISIL AA 1.60 Punjab National Bank IND A+ 1.56 Bank of Baroda CARE AA 1.52 Union Bank of India BWR AA 1.50 Vijaya Bank ICRA AA- 1.48 Northern Arc Capital Limited ICRA A+ 1.33 Syndicate Bank IND AA- 1.19 Birla Corporation Limited ICRA AA 1.19 Dalmia Cement (Bharat) Limited ICRA AA 0.99 NABARD CRISIL AAA 0.94 Hinduja Leyland Finance Limited CARE AA- 0.93 Nirma Limited CRISIL AA 0.79 Vodafone Mobile Services Limited CRISIL AA- 0.79 Edelweiss Commodities Services Limited ICRA AA 0.66 Gruh Finance Limited CRISIL AAA 0.66 Tata Power Company Limited CRISIL AA- 0.62 East West Pipeline Limited CRISIL AAA 0.57 Hansdeep Industries & Trading Company Limited CARE AA(SO) 0.48 ECL Finance Limited ICRA AA 0.34 JM Financial Products Limited ICRA AA 0.33 India Infoline Finance Limited ICRA AA 0.27 Tata Power Company Limited ICRA AA- 0.20 Hindalco Industries Limited CRISIL AA 0.14 Piramal Capital & Housing Finance Limited ICRA AA 0.13 REDUCED FACE VALUE BONDS - NON AMORTISATION 2.55 Subros Limited ICRA A+ 0.79 Narmada Wind Energy Private Limited CARE A+(SO) 0.66 Ess Kay Fincorp Limited IND A(SO) 0.50 IKF Finance Limited CARE A- 0.47 Asirvad Microfinance Ltd CRISIL A+ 0.13 GOVERNMENT BOND SOVEREIGN 1.27 ZERO COUPON BOND 1.01 Amri Hospitals Limited BWR A+(SO) 0.80 Sprit Textile Pvt Limited BWR AA-(SO) 0.22 STATE GOVERNMENT BOND SOVEREIGN 0.26 TOTAL MONEY MARKET INSTRUMENTS^ 1.56 OTHERS 1.56 Indiabulls Housing Finance Limited CRISIL A1+ 1.56 PASS THROUGH CERTIFICATE 10.53 SANSAR TRUST ICRA AAA(SO) 2.90 Zenith Trust ICRA A-(SO) 1.83 Solstice Trust ICRA A+(SO) 1.01 RENT-A-DEVICE TRUST ICRA AAA(SO) 2.29 IIERT TRUST CRISIL AAA(SO) 1.41 MFL Securitisation Trust CRISIL AAA(SO) 1.10 NET CURRENT ASSETS 3.55 NET ASSETS 100% ^Commercial Paper/ ## Secured by shares of Zee Entertainment Enterprises 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 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS CREDIT RISK FUND (FORMERLY KNOWN AS AXIS FIXED INCOME OPPORTUNITIES FUND) (An Open Ended Debt Scheme Predominantly Investing In AA And Below Rated Corporate Bonds cluding AA+ Rated Corporate Bonds ) INVESTMENT OBJECTIVE: To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 15th July 2014 s Monthly Dividend AVERAGE MATURITY * 2.2 years MODIFIED DURATION * 1.8 years YIELD (YIELD TO MATURITY & ) 9.48% Record Date Dividend (` Per unit) 1,741.97 Cr. Regular Plan 1,725.07 Cr. Mr. Devang Shah Work experience: 14 years. Dividend (` Per unit) NIFTY Credit Risk Bond Index % ( % w.e.f. 16th July, 2018) He has been managing this fund since inception. Direct Plan July 25, 2018 0.0471 0.0437 10.1566 10.0911 0.0540 0.0500 10.1103 10.0352 Jun 25, 2018 0.0374 0.0347 10.1397 10.0877 0.0479 0.0444 10.0997 10.0331 May 25, 2018 0.0145 0.0134 10.0701 10.0500 0.0198 0.0184 10.0776 10.0500 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund.. If redeemed / switched-out within 12 months from the date of allotment:- For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. 19 RATING % OF ASSETS TOTAL DEBT 84.19 CORPORATE BOND 68.85 Dewan Housing Finance Corporation Limited BWR AAA 5.78 Edelweiss Commodities Services Limited CRISIL AA 3.69 PVR Limited CRISIL AA- 3.69 Dalmia Cement (Bharat) Limited ICRA AA 3.16 Birla Corporation Limited ICRA AA 2.99 Indiabulls Housing Finance Limited BWR AAA 2.71 Hinduja Leyland Finance Limited CARE AA- 2.41 Piramal Enterprises Limited ICRA AA 2.31 Renew Power Limited CARE A+ 2.31 Suhani Trading And Investment Consultants Private Limited BWR A+(SO) 2.30 Bank of Baroda CARE AA 2.30 Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.27 Tata Power Company Limited IND AA 2.25 ECL Finance Limited ICRA AA 2.04 JK Lakshmi Cement Limited CARE AA 2.01 Talwandi Sabo Power Limited CRISIL AA(SO) 1.87 Reliance Jio Infocomm Limited CRISIL AAA 1.81 Power Finance Corporation Limited CRISIL AAA 1.75 IndoStar Capital Finance Limited CARE AA- 1.72 Muthoot Finance Limited CRISIL AA 1.59 Nirma Limited CRISIL AA 1.43 Vedanta Limited CRISIL AA 1.43 COMPOSITION BY ASSETS COMPOSITION BY RATING Hansdeep Industries & Trading Company Limited CARE AA(SO) 1.35 Corporate Bond - 68.85% CARE AA/ CARE AA(SO)/ CRISIL AA/ ICRA AA/ IND AA/ BWR AA/ CRISIL AA(SO) LIC Housing Finance Limited CRISIL AAA 1.33 Pass Through Certificate - 12.67% - 32.33% BWR AAA/ CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA(SO) & Reduced Face Value Bonds - Non Amortisation - 6.51% Vodafone Mobile Services Limited CRISIL AA- 1.31 Zero Coupon Bond - 4.71% Equivalent - 29.43% BWR A+(SO)/ CARE A+/ ICRA A+/ ICRA A+(SO)/ CARE JM Financial Products Limited CRISIL AA 1.22 Total Money Market Instruments* - 3.15% A+(SO)/ IND A+/ CRISIL A+- 14.46% BWR AA-(SO)/ CARE AA-/ CRISIL AA-/ Magma Fincorp Limited ICRA AA- 1.21 State Government Bond - 3.15% ICRA AA-/ IND AA- - 14.05% ICRA A-(SO)/ CARE A- - 4.79% SOV - 4.11% Government Bond - 0.96% Nuvoco Vistas Corporation Limited CRISIL AA 1.15 IND A(SO) - 0.82 % * Includes Net Assets Bhopal Dhule Transmission Company Limited CRISIL AAA 1.12 Union Bank of India BWR AA 0.98 PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS ` 10,000/- ` 10,000 Date of inception Axis Credit Risk Fund - Growth 4.63% 10,463 7.59% 12,458 - - 8.32% 13,820 NIFTY Credit Risk Bond Index 5.81% 10,581 8.58% 12,804 - - 9.22% 14,288 15-Jul-14 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.09% 13,192 Axis Credit Risk Fund - Direct Plan - 6.12% 10,612 8.97% 12,942 - - 9.58% 14,482 Growth NIFTY Credit Risk Bond Index 5.81% 10,581 8.58% 12,804 - - 9.22% 14,288 15-Jul-14 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.09% 13,192 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 3 years.different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 34 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). HDFC Limited CRISIL AAA 0.87 Northern Arc Capital Limited ICRA A+ 0.87 Syndicate Bank IND AA- 0.86 Punjab National Bank IND A+ 0.84 Tata Power Company Limited CRISIL AA- 0.72 Edelweiss Commodities Services Limited ICRA AA 0.58 Power Grid Corporation of India Limited CRISIL AAA 0.34 Vijaya Bank ICRA AA- 0.17 Indiabulls Housing Finance Limited CARE AAA 0.06 Rural Electrification Corporation Limited CRISIL AAA 0.06 NABARD CRISIL AAA 0.01 REDUCED FACE VALUE BONDS - NON AMORTISATION 6.51 Narmada Wind Energy Private Limited CARE A+(SO) 2.27 IKF Finance Limited CARE A- 1.62 Asirvad Microfinance Ltd CRISIL A+ 1.33 Ess Kay Fincorp Limited IND A(SO) 0.82 Subros Limited ICRA A+ 0.46 ZERO COUPON BOND 4.71 Amri Hospitals Limited BWR A+(SO) 2.76 Sprit Textile Pvt Limited BWR AA-(SO) 1.96 STATE GOVERNMENT BOND Sovereign 3.15 GOVERNMENT BOND Sovereign 0.96 PASS THROUGH CERTIFICATE 12.67 ZENITH TRUST ICRA A-(SO) 3.17 SOLSTICE TRUST ICRA A+(SO) 1.31 Sansar Trust ICRA AAA(SO) 3.84 IIERT TRUST CRISIL AAA(SO) 1.98 RENT-A-DEVICE TRUST ICRA AAA(SO) 1.35 MFL SECURITISATION TRUST CRISIL AAA(SO) 1.02 NET CURRENT ASSETS 3.15 NET ASSETS 100% Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS GILT FUND (FORMERLY KNOWN AS AXIS CONSTANT MATURITY 10 YEAR FUND) (An Open Ended Debt Scheme Investing In Government Securities Across Maturity ) INVESTMENT OBJECTIVE: The Scheme will aim to generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government 23rd January 2012 40.74 Cr. 40.48 Cr. NIFTY All Duration G-Sec Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT 35.77 GOVERNMENT BOND 35.77 7.17% GOI Sovereign 23.72 7.61% GOI Sovereign 7.18 AVERAGE MATURITY* 3.7 years MODIFIED DURATION* 2.5 years YIELD (YIELD TO MATURITY & ) 7.05% Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 5th November 2012. 8.60% GOI Sovereign 4.87 TOTAL MONEY MARKET INSTRUMENTS^ 63.38 TREASURY BILL 63.38 91 Days Tbill Sovereign 63.38 NET CURRENT ASSETS 0.85 NET ASSETS 100% ^Treasury Bill COMPOSITION BY ASSETS COMPOSITION BY RATING Total Money Market Instruments* - 64.23% SOV & Equivalent - 100.00% Government Bond - 35.77% * Includes Net Assets PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- ` 10,000 Date of inception Axis Gilt Fund - Growth NIFTY All Duration G-Sec Index -1.19% -0.29% 9,881 9,971 6.15% 6.45% 11,964 12,064 6.76% 7.36% 13,873 14,264 6.39% 7.00% 14,979 15,550 23-Jan-12 Axis Gilt Fund - Direct Plan - Growth NIFTY All Duration G-Sec Index -0.66% -0.29% 9,934 9,971 6.71% 6.45% 12,153 12,064 7.28% 7.36% 14,215 14,264 6.79% 6.65% 14,429 14,323 01-Jan-13 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he manages 34 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). s DIVIDENDS Record Date Dividend (` Per unit) Regular Plan Dividend (` Per unit) Direct Plan Mar 26, 2018 0.3611 0.3345 11.3226 10.8226 - - - - Sep 25, 2017 0.3611 0.3345 11.8824 11.3824 - - - - Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - - July 25, 2018 - - - - 0.0056 0.0051 10.0130 10.0052 Dec 26, 2017 0.0009 0.0008 10.0022 10.0009 0.0043 0.0040 10.0100 10.0040 Regular Dividend Nov 27, 2017 0.0306 0.0283 10.1010 10.0586 0.0345 0.0319 10.1099 10.0622 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months. * For instruments with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. NIL 20 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS BANKING & PSU DEBT FUND (An Open Ended Debt Scheme Predominantly Investing In Debt Instruments Of Banks, Public Sector Undertakings & Public Financial Institutions) INVESTMENT OBJECTIVE: To generate stable returns by investing predominantly in debt & money market instruments issued by Banks, Public Sector Units (PSUs) & Public Financial Institutions (PFIs).The scheme shall endeavor to generate optimum returns with low credit risk. 8th June 2012 AVERAGE MATURITY* 3.6 years MODIFIED DURATION* 2.9 years YIELD (YIELD TO MATURITY & ) 8.44% 899.64 Cr. 1,003.43 Cr. Mr. Aditya Pagaria Work experience: 11 years. He has been managing this fund since 13th August 2016. NIFTY Banking & PSU Debt Index % ( % w.e.f. 16th July, 2018) RATING % OF ASSETS TOTAL DEBT 95.82 CORPORATE BOND 89.46 Food Corporation Of India CRISIL AAA(SO) 10.70 Rural Electrification Corporation Limited CRISIL AAA 10.62 Power Finance Corporation Limited CRISIL AAA 10.47 National Highways Auth Of Ind CRISIL AAA 10.14 Power Grid Corporation of India Limited CRISIL AAA 10.05 Export Import Bank of India CRISIL AAA 9.10 National Bank For Agriculture and Rural Development CRISIL AAA 9.00 NHPC Limited ICRA AAA 5.18 Reliance Industries Limited CRISIL AAA 3.78 Small Industries Dev Bank of India CARE AAA 3.50 Tata Sons Ltd CRISIL AAA 2.44 LIC Housing Finance Limited CRISIL AAA 1.90 Jamnagar Utilities & Power Private Limited CRISIL AAA 1.90 Indian Railway Finance Corporation Limited CRISIL AAA 0.69 STATE GOVERNMENT BOND Sovereign 6.35 NET CURRENT ASSETS 4.18 NET ASSETS 100% COMPOSITION BY ASSETS COMPOSITION BY RATING Corporate Bond - 89.46% State Government Bond - 6.35% Total Money Market Instruments* - 4.18% * Includes Net Assets CARE AAA/ CRISIL AAA/ CRISIL AAA(SO)/ ICRA AAA & Equivalent - 93.65% SOV - 6.35% PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- ` 10,000 Date of inception Axis Banking & PSU Debt Fund - Growth 6.03% 10,603 7.43% 12,402 8.30% 14,900 8.27% 16,296 NIFTY Banking & PSU Debt Index 3.30% 10,330 6.97% 12,243 8.44% 14,996 8.23% 16,259 08-Jun-12 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 7.05% 15,203 Axis Banking & PSU Debt Fund - Direct 6.30% 10,630 7.64% 12,475 8.51% 15,046 8.35% 15,644 Plan - Growth NIFTY Banking & PSU Debt Index 3.30% 10,330 6.97% 12,243 8.44% 14,996 7.97% 15,341 01-Jan-13 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,578 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 1,000 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th August 2016. Aditya manages 4 schemes at Axis Mutual Fund. Please refer to annexure on Page 32-33 for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (). s DIVIDENDS Record Date Dividend (` Per unit) Regular Plan Dividend (` Per unit) Direct Plan July 25, 2018 5.5705 8.0000 1,015.1945 1,007.4611 5.7589 5.3328 1,015.4572 1007.4622 Monthly Dividend Jun 25, 2018 3.9477 5.3333 1,012.9416 1,007.4611 4.3086 3.9894 1,013.4432 1007.4622 Apr 25, 2018 3.4599 4.6666 1,012.2644 1,007.4611 3.6358 3.3672 1,012.5104 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 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 21 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

HYBRID OUTLOOK AUGUST 2018 Quick Take - Equity Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward. We remain bullish on equities from a medium to long term perspective Investors are suggested to have their asset allocation plan based on one s risk appetite and future goals in life. 12.7% 6.44% 7.77% 10 yr G-Sec : Last 1 year Quick Take - Fixed Income The economy continues to stand on a solid macro foundation and political stability. Oil could play spoil sport. Global factors currently playing a larger role in market sentiment. RBI policy in line. Market bearishness is likely to temper as participants had priced in sharp rate hikes by RBI going into the policy week We do not foresee a significant rally on the back of lingering fiscal issues and poor demand supply dynamics. Long bonds are likely to trade range bound. Short tenor bonds look attractive from a risk reward perspective. We continue to advise investors to stay invested in short to medium term strategies and actively look at credit funds. Key highlights After strong bouts of volatility in the last two months, Indian equities closed July on a strong note helped by easing crude and a stable rupee. The S&P BSE Sensex and NIFTY 50 closed the month with gains of 6%. NIFTY Midcap 100 and NIFTY Smallcap 100 indices continued to underperform large caps significantly rising 3.8% and 4% respectively. Year-to-date, the Sensex has outperformed the BSE Mid-cap and Small-cap indices by c. 20ppt and 23ppt, respectively. FPI buying finally returned to the markets with an inflow of Rs 2,300 Cr across equity and debt markets. Key Events During the Month RBI Policy In Line: The Reserve Bank of India (RBI) raised the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 per cent in the recently concluded bi-monthly monetary policy in line with market expectations. The tone of the policy remained cautious with adequate focus on upside risks to inflation. Rising Crude Inflationary Pressures likely: Crude prices continued to remain elevated. Rising oil prices have raised fears of inflation and fiscal slippage. If oil related excise duties are reduced, the deficit is likely widen. CPI inflation inched up to 5.00% in June V/s 4.87% in May. Core inflation inched up marginally to 5.83% as well. Depreciating Currency: The USD-INR tempered some of its loses ending at 68.55/$ in line with other EM currencies. The rupee, despite its fall continues to remain one of the best performing EM currencies. If the INR performs in line with our trading partners, fears of imported inflation are likely to subside on a relative basis. Government Finances A Fiscal Worry?: The central government s fiscal deficit in Apr-Jun reached 69% of the budgeted target. This is better than the 74% reached in Apr-June of last year. Overall, it is still early days to extrapolate these trend to full year (less than a fifth of full-year revenues are collected in 1st quarter, and revenue seasonality has changed post GST), but GST collection trends and rationalization of rates do pose slippage risks to watch out for. Strong US Economy Positive for Global growth: In global events, The US Fed maintained the status quo in rates. It further upgraded the outlook for the US economy which grew at 4.1% in the 2nd quarter of the calendar year. The strong growth also pushed up US 10 year yields past the 3% barrier on hopes of stronger than expected growth for the year. The Chinese Economy Fallout from the Trade War: The Chinese Yuan saw its sharpest fall in 2018 on the back of concerns over its trade war with the US. The Yuan fell 3% this month on worsening Sino-US relations. This is in the backdrop of China raising additional duties on over US$60 billion imports from the US. The Chinese monetary policy also aims to improve transmission of monetary changes amid rising external uncertainties by cracking down on illegal financial activities and institutions. Market View Equity Markets Rural and consumption stories continue to remain attractive with a long term perspective. Our investment focus continues to remain quality centric. This approach has softened the impact of volatile markets on our equity portfolios. Going-forward, we continue to expect elevated volatility levels in the equity markets and hence advise investors to look at equity allocations from a medium to long term investment horizon. Systematic investments into equity products could also help investors ride out short term volatility. Debt Markets The increase in policy rates has been done while maintaining a neutral stance. But two rate hikes back to back is not consistent with a neutral outlook on rates. We believe RBI could hike rates further in light of the current fiscal position and concerns over inflation. The RBI stance is clearly in favor of a staggered rate hikes based on incoming inflation and economic data. In our opinion, market had become over-bearish on the quantum and pace of hikes and is slowly getting repriced. We continue to see long bonds trade in a narrow range and hence find limited opportunities in this space. Banking liquidity continues to remain neutral. Core liquidity moved into deficit territory on the back of increasing currency in circulation and forex Intervention to stabilize the domestic currency markets. As a result, the RBI conducted OMO purchases during the month to infuse additional liquidity. RBI is expected to continue asset purchases in an attempt to maintain a neutral liquidity environment. 1-4 year corporate bonds currently offer significant opportunities on a risk adjusted basis as the risk of rate hikes are adequately priced in by the market and offer significant carry cushion. Further these bonds offer lower volatility as compared to their longer dated counterparts. ly short bonds offer 175+ basis spreads over operative rates and hence remain conducive for investors on a risk reward basis. Source: Bloomberg, Axis MF Research. 22

AXIS EQUITY SAVER FUND (An Open Ended Scheme Investing In Equity, Arbitrage And Debt) INVESTMENT OBJECTIVE: The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. 14th August 2015 s AVERAGE MATURITY @* 2.8 years MODIFIED DURATION @* 2 years YIELD (YIELD TO MATURITY & ) 8.46% TURNOVER # (1 YEAR) 5.56 times Unhedged Equity - 44.37% Debt, Cash and Other Receivables* - 34.57% Hedged Equity - 21.06% Record Date Dividend (` Per unit) 713.95 Cr. 732.57 Cr. Mr. Anupam Tiwari Work experience: 13 years. He has been managing this fund since 06th Oct 16 Regular Plan Dividend (` Per unit) NIFTY50 Equity Savings Index % ( % w.e.f. 16th July, 2018) Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since inception. COMPOSITION BY ASSETS COMPOSITION BY RATING * Includes Net Assets PERFORMANCE (as on 31st July 2018) DIVIDENDS BWR AAA/ CRISIL AAA & Equivalent - 9.95% ICRA AA+ - 6.24% SOV - 5.65% CARE AA/ CRISIL AA/ ICRA AA/ BWR AA - 4.75% IND A+ - 2.51% IND AA- - 0.41% Period 1 Year 3 Years 5 Years Since Inception Direct Plan July 25, 2018 0.0553 0.0553 11.0753 11.0200 0.0553 0.0553 11.4553 11.4000 Jun 25, 2018 0.0553 0.0553 10.8600 10.8000 0.0553 0.0553 11.2100 11.1500 Monthly Dividend May 25, 2018 0.0553 0.0553 10.7953 10.7400 0.0553 0.0553 11.1353 11.0800 Jun 25, 2018 0.1660 0.1660 11.0100 10.8200 0.1660 0.1660 11.3800 11.1900 Quarterly Dividend Mar 26, 2018 0.1875 0.1875 10.7975 10.6100 0.1875 0.1875 11.1175 10.9300 Dec 26, 2017 0.1875 0.1875 10.9975 10.8100 0.1875 0.1875 11.2975 11.1100 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. ` 10,000/- 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 @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. # Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered. 23 ` 10,000 Date of inception Axis Equity Saver Fund - Growth 9.86% 10,986 - - - - 8.08% 12,590 NIFTY50 Equity Savings Index 8.19% 10,819 - - - - 8.40% 12,702 14-Aug-15 Nifty 50 TRI (Additional Benchmark) 14.20% 11,420 - - - - 11.63% 13,854 Axis Equity Saver Fund - Direct Plan 11.16% 11,116 - - - - 9.40% 13,050 - Growth NIFTY50 Equity Savings Index 8.19% 10,819 - - - - 8.40% 12,702 14-Aug-15 Nifty 50 TRI (Additional Benchmark) 14.20% 11,420 - - - - 11.63% 13,854 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 3 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 6 schemes & R. Sivakumar is managing the scheme since inception and he manages 6 schemes. Please refer to annexure on Page 32 & 33 for performance of all schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. RATING % OF ASSETS TOTAL DEBT 32.54 TOTAL FIXED DEPOSIT 5.05 CORPORATE BOND 21.03 ICICI Bank Limited ICRA AA+ 3.55 Cholamandalam Investment and Finance Company Limited ICRA AA+ 2.69 Rural Electrification Corporation Limited CRISIL AAA 2.65 Reliance Industries Limited CRISIL AAA 2.60 Punjab National Bank IND A+ 2.51 Piramal Capital & Housing Finance Limited ICRA AA 1.78 Dewan Housing Finance Corporation Limited BWR AAA 1.36 JM Financial Products Limited CRISIL AA 0.68 Power Grid Corporation of India Limited CRISIL AAA 0.68 Union Bank of India BWR AA 0.66 NABARD CRISIL AAA 0.64 Muthoot Finance Limited CRISIL AA 0.55 Bank of Baroda CARE AA 0.27 Syndicate Bank IND AA- 0.41 ZERO COUPON BOND 0.81 Edelweiss Commodities Services Limited CARE AA 0.81 GOVERNMENT BOND Sovereign 0.92 TREASURY BILL 4.74 70 DAYS TBILL Sovereign 4.74 TOTAL EQUITY 65.43 TOTAL UNHEDGED EQUITY 44.37 AUTO 2.39 Maruti Suzuki India Limited 2.39 AUTO ANCILLARIES 0.65 Motherson Sumi Systems Limited 0.65 BANKS 9.91 Bandhan Bank Limited 2.17 HDFC Bank Limited 4.11 IndusInd Bank Limited 0.70 Kotak Mahindra Bank Limited 2.92 CEMENT 0.91 JK Lakshmi Cement Limited 0.06 Shree Cement Limited 0.85 CHEMICALS 0.45 Pidilite Industries Limited 0.45 CONSTRUCTION PROJECT 1.64 Larsen & Toubro Limited 0.68 Voltas Limited 0.96 CONSUMER NON DURABLES 6.72 Asian Paints Limited 0.56 Britannia Industries Limited 2.87 Colgate Palmolive (India) Limited 0.21 Hindustan Unilever Limited 2.19 Nestle India Limited 0.88 FINANCE 7.28 Bajaj Finance Limited 2.30 Cholamandalam Investment and Finance Company Limited 0.66 HDFC Limited 2.87 Sundaram Finance Holdings Limited 0.11 Sundaram Finance Limited 1.35 PETROLEUM PRODUCTS 4.37 Reliance Industries Limited 4.37 PHARMACEUTICALS 0.50 Divi's Laboratories Limited 0.50 SOFTWARE 6.53 Infosys Limited 1.94 NIIT Technologies Limited 0.75 Tata Consultancy Services Limited 3.84 TEXTILE PRODUCTS 2.31 Page Industries Limited 1.35 TCNS Clothing Co Limited 0.95 TRANSPORTATION 0.71 Container Corporation of India Limited 0.71 TOTAL HEDGED EQUITY 21.06 Infibeam Incorporation Limited 7.12 Century Textiles & Industries Limited 1.82 Britannia Industries Limited 0.32 Mahindra & Mahindra Financial Services Limited 6.51 Suzlon Energy Limited 0.03 HDFC Limited 2.40 Godfrey Phillips India Limited 0.02 Dewan Housing Finance Corporation Limited 1.32 Allahabad Bank 0.01 Tata Chemicals Limited 0.13 Jaiprakash Associates Limited 0.70 LIC Housing Finance Limited 0.28 Eicher Motors Limited 0.42 DEBT, CASH & OTHER RECEIVABLES 2.02 NET ASSET 100% ^Commercial Paper,PTC and Derivatives Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS DYNAMIC EQUITY FUND (An Open Ended Dynamic Asset Allocation Fund) INVESTMENT OBJECTIVE: To generate capital appreciation by investing in a portfolio of equity or equity linked securities while secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 1st August 2017 AVERAGE MATURITY* 1.7 years MODIFIED DURATION* 1.4 years YIELD (YIELD TO MATURITY & ) 8.49% COMPOSITION BY ASSETS Unhedged Equity - 49.58% Debt, Cash and Other Receivables*- 34.18% Hedged Equity - 16.23% * Includes Net Assets 2,849.45 Cr. 2,900.64 Cr. Mr. Anupam Tiwari Work experience: 13 years. He has been managing this fund since inception. Hedged equity exposure is calculated using the notional exposure of index options. NIFTY50 Hybrid Composite Debt 50:50 Index % ( % w.e.f. 16th July, 2018) Mr. Ashwin Patni Work experience: 16 years. He has been managing this fund since inception. Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since inception. COMPOSITION BY RATING CRISIL A1+/ BWR AAA/ CRISIL AAA/ IND AAA & Equivalent - 12.78% CRISIL AA/ ICRA AA/ IND AA - 4.07% SOV - 2.58% CRISIL AA+/ ICRA AA+ - 2.54% CARE AA-/ CRISIL AA- - 2.22% If redeemed / switched-out within 12 months from the date of allotment, For 10 % of investments: Nil, For remaining investments: 1%, If redeemed / switched - out after 12 months from the date of allotment:nil Since scheme have not completed one year, performance details for the same are not provided. RATING % OF ASSETS TOTAL DEBT 32.28 TOTAL FIXED DEPOSIT 10.00 CORPORATE BOND 17.11 Indian Railway Finance Corporation Limited CRISIL AAA 1.89 HDFC Limited CRISIL AAA 1.35 Reliance Jio Infocomm Limited CRISIL AAA 1.33 IndoStar Capital Finance Limited CARE AA- 1.20 Rural Electrification Corporation Limited CRISIL AAA 1.04 Nuvoco Vistas Corporation Limited CRISIL AA 1.03 Vodafone Mobile Services Limited CRISIL AA- 1.02 Tata Power Company Limited IND AA 0.99 ICICI Bank Limited ICRA AA+ 0.85 Cholamandalam Investment and Finance Company Limited ICRA AA+ 0.73 NABARD IND AAA 0.69 Shriram Transport Finance Company Limited CRISIL AA+ 0.69 Dewan Housing Finance Corporation Limited BWR AAA 0.68 LIC Housing Finance Limited CRISIL AAA 0.52 Power Finance Corporation Limited CRISIL AAA 0.52 Muthoot Finance Limited CRISIL AA 0.52 Edelweiss Commodities Services Limited CRISIL AA 0.03 Indiabulls Housing Finance Limited BWR AAA 0.34 JM Financial Products Limited CRISIL AA 0.48 Larsen & Toubro Limited CRISIL AAA 0.31 NABARD CRISIL AAA 0.03 Piramal Capital & Housing Finance Limited ICRA AA 0.17 Piramal Enterprises Limited ICRA AA 0.34 Tata Sons Ltd CRISIL AAA 0.17 UltraTech Cement Limited CRISIL AAA 0.18 STATE GOVERNMENT BOND Sovereign 1.72 ZERO COUPON BOND 0.78 TMF Holdings Limited CRISIL AA 0.50 Cholamandalam Investment and Finance Company Limited ICRA AA+ 0.28 OTHERS 1.81 Indiabulls Housing Finance Limited CRISIL A1+ 1.81 TREASURY BILL 0.85 70 DAYS TBILL Sovereign 0.85 TOTAL EQUITY 65.82 TOTAL UNHEDGED EQUITY 49.58 AUTO 2.20 Maruti Suzuki India Limited 2.20 AUTO ANCILLARIES 4.16 Balkrishna Industries Limited 0.36 Endurance Technologies Limited 0.68 Motherson Sumi Systems Limited 0.49 MRF Limited 0.88 Varroc Engineering Limited 1.12 WABCO India Limited 0.63 BANKS 10.23 Bandhan Bank Limited 2.42 City Union Bank Limited 0.67 HDFC Bank Limited 4.33 IndusInd Bank Limited 0.37 Kotak Mahindra Bank Limited 2.44 CEMENT 1.39 Shree Cement Limited 1.39 CONSTRUCTION PROJECT 0.72 Larsen & Toubro Limited 0.72 CONSUMER DURABLES 0.45 Amber Enterprises India Limited 0.45 CONSUMER NON DURABLES 7.38 Asian Paints Limited 1.12 Britannia Industries Limited 3.16 Colgate Palmolive (India) Limited 0.48 Nestle India Limited 0.74 Hindustan Unilever Limited 1.88 FINANCE 8.97 Bajaj Finance Limited 3.69 Cholamandalam Investment and Finance Company Limited 0.53 HDFC Limited 1.88 Mahindra & Mahindra Financial Services Limited 1.01 Mas Financial Services Limited 0.30 Sundaram Finance Holdings Limited 0.10 Sundaram Finance Limited 1.47 GAS 0.43 Petronet LNG Limited 0.43 INDUSTRIAL CAPITAL GOODS 1.03 Bharat Electronics Limited 0.47 V-Guard Industries Limited 0.56 PETROLEUM PRODUCTS 4.25 Reliance Industries Limited 4.25 SOFTWARE 6.55 Infosys Limited 1.74 NIIT Technologies Limited 0.30 Tata Consultancy Services Limited 3.76 Tech Mahindra Limited 0.76 TEXTILE PRODUCTS 1.82 Page Industries Limited 1.43 TCNS Clothing Co Limited 0.39 TOTAL HEDGED EQUITY 16.23 DEBT, CASH & OTHER RECEIVABLES 1.91 NET ASSET 100% ^Commercial Paper, Certificate of Deposit and Derivatives 24 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS REGULAR SAVER FUND (FORMERLY KNOWN AS AXIS INCOME SAVER) (An Open Ended Hybrid Scheme Investing Predominantly In Debt Instruments) INVESTMENT OBJECTIVE: The Scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. 16th July 2010 AVERAGE MATURITY @* 1.3 years MODIFIED DURATION @* 1.1 years YIELD (YIELD TO MATURITY & ) 8.68% s Record Date Dividend (` Per unit) 345.54 Cr. 339.04 Cr. Mr. Devang Shah Work experience: 14 years. He has been managing this fund since 07th June 2016 Regular Plan Mr. Ashish Naik Work experience: 11 years. He has been managing this fund since 22nd June 2016 COMPOSITION BY ASSETS COMPOSITION BY RATING Debt* - 74.84% CRISIL A1+/ BWR AAA/ CARE AAA/ CRISIL AAA/ IND AAA & Equity - 25.16% Equivalent - 60.27% IND AA+ - 5.90% CRISIL AA/ ICRA AA - 4.83% CARE A+/ ICRA A+(SO) - 3.84% * Includes Net Assets PERFORMANCE (as on 31st July 2018) DIVIDENDS Dividend (` Per unit) NIFTY50 Hybrid Short Duration Debt 25:75 Index % ( % w.e.f. 16th July, 2018) Period 1 Year 3 Years 5 Years Since Inception ` 10,000/- Direct Plan Mar 26, 2018 0.7222 0.6691 12.4612 11.4612 0.7222 0.6691 13.1199 12.1199 Annual Dividend Mar 27, 2017 0.7223 0.6692 12.5556 11.5556 0.5417 0.5019 12.7860 12.0360 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 Half Yearly Dividend Mar 26, 2018 0.3611 0.3345 11.4652 10.9652 0.3611 0.3345 12.1281 11.6281 Sep 25, 2017 0.3611 0.3345 11.6889 11.1889 0.3611 0.3345 12.2724 11.7724 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 Quarterly Dividend Jun 25, 2018 0.1440 0.1334 10.8254 10.6254 0.1800 0.1667 13.7449 13.4949 Mar 26, 2018 0.1805 0.1672 10.8963 10.6463 0.1805 0.1672 13.7410 13.4910 Dec 26, 2017 0.1805 0.1672 11.1587 10.9087 0.0722 0.0669 13.8215 13.7215 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. Half Yearly Dividends disclosed above are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 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. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. ` 10,000 25 Date of inception Axis Regular Saver Fund - Growth 6.79% 10,679 6.87% 12,209 10.29% 16,323 8.41% 19,150 NIFTY 50 Hybrid Short Duration Debt 25:75 7.42% 10,742 8.59% 12,807 10.56% 16,525 9.22% 20,326 Index 16-Jul-10 CRISIL 10 Year Gilt Index (Additional -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.08% 16,074 Benchmark) Axis Regular Saver Fund - Direct Plan 8.08% 10,808 8.37% 12,729 11.86% 17,516 10.60% 17,528 - Growth NIFTY50 Hybrid Short Duration Debt 25:75 Index 7.42% 10,742 8.59% 12,807 10.56% 16,525 9.65% 16,709 04-Jan-13 CRISIL 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.07% 13,891 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages 34 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 5 schemes. Please refer to annexure on Page 32 & 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). RATING % OF ASSETS TOTAL DEBT 72.07 CORPORATE BOND 63.89 Reliance Jio Infocomm Limited CRISIL AAA 10.28 Power Finance Corporation Limited CRISIL AAA 9.66 Mahindra & Mahindra Financial Services Limited IND AAA 7.32 HDFC Limited CRISIL AAA 5.92 Adani Transmission Limited IND AA+ 5.90 Dewan Housing Finance Corporation Limited BWR AAA 5.88 National Highways Auth Of Ind CRISIL AAA 4.26 LIC Housing Finance Limited CRISIL AAA 4.12 Renew Power Limited CARE A+ 3.23 NABARD CRISIL AAA 2.95 Muthoot Finance Limited CRISIL AA 2.88 Small Industries Dev Bank of India CARE AAA 1.47 Blue Dart Express Limited ICRA AA 0.02 ZERO COUPON BOND 1.93 JM Financial Products Limited CRISIL AA 1.93 TOTAL MONEY MARKET INSTRUMENTS^ 5.64 OTHERS 5.64 Indiabulls Housing Finance Limited CRISIL A1+ 5.64 PASS THROUGH CERTIFICATE 0.61 Solstice Trust ICRA A+(SO) 0.61 TOTAL EQUITY 25.16 BANKS 5.25 HDFC Bank Limited 2.42 Kotak Mahindra Bank Limited 1.47 Bandhan Bank Limited 1.35 FINANCE 4.14 Bajaj Finserv Limited 1.17 Bajaj Finance Limited 0.80 Multi Commodity Exchange of India Limited 0.78 HDFC Limited 0.77 Mahindra & Mahindra Financial Services Limited 0.62 AUTO ANCILLARIES 2.52 Motherson Sumi Systems Limited 1.09 Endurance Technologies Limited 0.72 Varroc Engineering Limited 0.71 SOFTWARE 2.28 Infosys Limited 1.00 Info Edge (India) Limited 0.71 Tata Consultancy Services Limited 0.57 AUTO 2.05 Maruti Suzuki India Limited 1.25 Eicher Motors Limited 0.80 CONSUMER NON DURABLES 1.37 Hindustan Unilever Limited 0.74 Asian Paints Limited 0.63 TRANSPORTATION 1.24 Container Corporation of India Limited 0.69 Blue Dart Express Limited 0.55 CEMENT 0.95 Shree Cement Limited 0.95 RETAILING 0.82 Avenue Supermarts Limited 0.82 CHEMICALS 0.80 Pidilite Industries Limited 0.80 CONSTRUCTION PROJECT 0.75 Larsen & Toubro Limited 0.75 TEXTILE PRODUCTS 0.75 Page Industries Limited 0.75 PESTICIDES 0.71 PI Industries Limited 0.71 INDUSTRIAL PRODUCTS 0.67 Astral Poly Technik Limited 0.67 OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.86 NET CURRENT ASSETS 2.77 NET ASSETS 100% ^Commercial Paper If redeemed/switch out within 12 months from the date of allotment: - For 10% of investment : Nil - For remaining investment : 1% If redeemed/switch out after 12 months from the date of allotment: Nil Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS CHILDREN S GIFT FUND (An Open Ended Fund, For Investment For Children, Having A Lock-In Of 5 Years Or Till The Child Attains Age Of Majority (Whichever Is Earlier)) INVESTMENT OBJECTIVE: The investment objective of the scheme is to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 08th December 2015 AVERAGE MATURITY @* 3 years MODIFIED DURATION @* 2.2 years YIELD (YIELD TO MATURITY & ) 8.36% COMPOSITION BY ASSETS COMPOSITION BY ASSETS Unhedged Equity - 71.06% Debt, Cash and Other Receivables - 28.94% * Includes Net Assets PERFORMANCE (as on 31st July 2018) 393.31 Cr. 402.69 Cr. Mr. Ashish Naik Work experience: 11 years. He has been managing this fund since 6th July 2016 NIFTY 50 Hybrid Composite Debt 65:35 Index % ( % w.e.f. 16th July, 2018) Mr. R. Sivakumar Work experience: 20 years. He has been managing this fund since 07th June 2016. CRISIL A1+/ CRISIL AAA & Equivalent - 10.56% SOV - 5.62% CRISIL AA/ BWR AA - 4.38% ICRA AA+ - 4.17% BWR AA-(SO)/ IND AA- - 1.87% CARE A+/ IND A+ - 1.48% Period 1 Year Since Inception ` 10,000/- Exit Load - Under Compulsory Lock-in: No exit load post lock-in period Under No Lock-in: an Exit Load of 3% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment. an Exit Load of 2% is payable if Units are redeemed / Switched-out after 1 year and upto 2 years from the date of allotment an Exit Load of 1% is payable if Units are redeemed / switched-out after 2 years and upto 3 years from the date of allotment Nil if Units are redeemed / switched-out after 3 years from the date of allotment @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. ^ No fresh subscription allowed ` 10,000 Date of inception Axis Childrens Gift Fund - Compulsory 11.44% 11,144 11.24% 13,257 Lock-in - Regular Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 9.78% 10,978 13.81% 14,083 08-Dec-15 Nifty 50 (Additional Benchmark) 14.20% 11,420 17.40% 15,290 Axis Childrens Gift Fund - Compulsory 13.23% 11,323 13.03% 13,828 Lock-in - Direct Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 9.78% 10,978 13.81% 14,083 08-Dec-15 Nifty 50 (Additional Benchmark) 14.20% 11,420 17.40% 15,290 Axis Childrens Gift Fund - No Lock-in^ - 11.45% 11,145 11.24% 13,256 Regular Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 9.78% 10,978 13.81% 14,083 08-Dec-15 Nifty 50 (Additional Benchmark) 14.20% 11,420 17.40% 15,290 Axis Childrens Gift Fund - No Lock-in^ - 13.47% 11,347 13.38% 13,942 Direct Plan - Growth NIFTY 50 Hybrid Composite Debt 65:35 Index 9.78% 10,978 13.81% 14,083 08-Dec-15 Nifty 50 (Additional Benchmark) 14.20% 11,420 17.40% 15,290 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. Since inception returns for Axis Childrens Gift Fund - Compulsory Lock-in Regular Plan - Growth & Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth are calculated from 08th December 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 5 schemes & R. Sivakumar manages 6 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers. RATING % OF ASSETS TOTAL DEBT 25.21 TOTAL FIXED DEPOSIT 0.87 CORPORATE BOND 15.04 Power Finance Corporation Limited CRISIL AAA 3.89 ICICI Bank Limited ICRA AA+ 3.67 Union Bank of India BWR AA 3.26 HDFC Limited CRISIL AAA 1.99 Renew Power Limited CARE A+ 1.24 Cholamandalam Investment and Finance Company Limited ICRA AA+ 0.50 Syndicate Bank IND AA- 0.25 Punjab National Bank IND A+ 0.24 GOVERNMENT BOND Sovereign 5.13 ZERO COUPON BOND 2.74 Sprit Textile Pvt Limited BWR AA-(SO) 1.62 TMF Holdings Limited CRISIL AA 1.12 TOTAL MONEY MARKET INSTRUMENTS^ 1.44 BANKS 0.95 IndusInd Bank Limited CRISIL A1+ 0.95 TREASURY BILL 0.49 70 Days Tbill Sovereign 0.49 TOTAL EQUITY 71.06 TOTAL UNHEDGED EQUITY 71.06 AUTO 4.80 Eicher Motors Limited 1.14 Maruti Suzuki India Limited 3.66 AUTO ANCILLARIES 7.81 Endurance Technologies Limited 1.57 Motherson Sumi Systems Limited 3.09 Varroc Engineering Limited 2.04 WABCO India Limited 1.11 BANKS 13.43 Bandhan Bank Limited 2.84 City Union Bank Limited 1.16 HDFC Bank Limited 5.35 Kotak Mahindra Bank Limited 4.08 CEMENT 2.68 Shree Cement Limited 2.68 CHEMICALS 3.60 Camlin Fine Sciences Limited 1.15 Pidilite Industries Limited 1.86 Sudarshan Chemical Industries Limited 0.60 CONSTRUCTION PROJECT 1.63 Larsen & Toubro Limited 1.63 CONSUMER NON DURABLES 6.32 Asian Paints Limited 1.71 Hindustan Unilever Limited 3.09 Nestle India Limited 1.52 FINANCE 12.91 Bajaj Finance Limited 1.25 Bajaj Finserv Limited 2.76 HDFC Standard Life Insurance Company Limited 1.38 HDFC Limited 4.39 Mahindra & Mahindra Financial Services Limited 1.67 Sundaram Finance Limited 1.46 INDUSTRIAL CAPITAL GOODS 1.16 V-Guard Industries Limited 1.16 INDUSTRIAL PRODUCTS 1.56 Astral Poly Technik Limited 1.56 PESTICIDES 2.27 PI Industries Limited 1.33 UPL Limited 0.94 PHARMACEUTICALS 2.06 Divi's Laboratories Limited 1.27 Sun Pharmaceutical Industries Limited 0.78 RETAILING 1.75 Avenue Supermarts Limited 1.75 SOFTWARE 6.58 Info Edge (India) Limited 1.42 Infosys Limited 0.85 Tata Consultancy Services Limited 4.31 TEXTILE PRODUCTS 1.84 Page Industries Limited 1.84 TRANSPORTATION 0.65 Blue Dart Express Limited 0.65 DEBT, CASH & OTHER RECEIVABLES 3.73 NET ASSETS 100% ^ Derivatives 26 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS TRIPLE ADVANTAGE FUND (An Open Ended Scheme Investing In Equity, Debt And Gold) INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & Gold Exchange Traded Funds. 23rd August 2010 AVERAGE MATURITY @* 3.2 years MODIFIED DURATION @* 2.1 years YIELD (YIELD TO MATURITY & ) 7.67% TURNOVER # (1 YEAR) 0.69 times 298.90 Cr. 301.96 Cr. Mr. R. Sivakumar Work experience: 20 years. He has been managing the fund since 14th September 2010 65% of Nifty 50 + 20% of NIFTY Composite Debt Index + 15% of INR Price of Gold % ( % w.e.f. 16th July, 2018) Mr. Ashish Naik Work experience: 11 years. He has been managing this fund since 22nd June 2016 COMPOSITION BY ASSETS COMPOSITION BY RATING Equity - 74.19% CRISIL AAA & Equivalent - 13.09 % SOV - 1.67% Debt* - 15.73% CRISIL AA/BWR AA - 0.98% ETFs - 10.08% * Includes Net Assets PERFORMANCE (as on 31st July 2018) Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS ` 10,000/- Regular Plan Dividend (` Per unit) s Record Date 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 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. Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. ` 10,000 Date of inception Axis Triple Advantage Fund - Growth 9.92% 10,992 8.51% 12,779 9.92% 16,052 8.69% 19,377 65% of Nifty 50 + 20% of NIFTY Composite 10.03% 11,003 10.14% 13,363 12.46% 17,995 9.79% 20,997 Debt Index + 15% of INR Price of Gold 23-Aug-10 CRISIL 10 Year Gilt Index (Additional -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.38% 16,343 Benchmark) Axis Triple Advantage Fund - Direct Plan - Growth 10.96% 11,096 9.67% 13,193 11.12% 16,950 9.03% 16,197 65% of Nifty 50 + 20% of NIFTY Composite 10.03% 11,003 10.14% 13,363 12.46% 17,995 10.54% 17,489 Debt Index + 15% of INR Price of Gold 01-Jan-13 CRISIL 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.16% 13,957 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns is calculated on ` 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.r. Sivakumar is managing the scheme since 14th September 2010 and he manages 6 schemes & Ashish Naik is managing the scheme since 22nd June 2016 and he manages 5 schemes. Please refer to annexure on Page 32 for performance of all schemes managed by the fund managers. Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme. Returns greater than 1 year period are compounded annualised (). The performance of the scheme is benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. RATING % OF ASSETS CORPORATE BOND 8.66 Power Finance Corporation Limited CRISIL AAA 5.09 East West Pipeline Limited CRISIL AAA 1.37 India Infrastructure Fin Co Ltd CRISIL AAA 0.89 Union Bank of India BWR AA 0.81 Hindalco Industries Limited CRISIL AA 0.17 Rural Electrification Corporation Limited CRISIL AAA 0.33 GOVERNMENT BOND Sovereign 1.67 TOTAL EQUITY 74.19 BANKS 15.47 HDFC Bank Limited 7.17 Kotak Mahindra Bank Limited 4.40 Bandhan Bank Limited 3.90 FINANCE 12.18 HDFC Limited 4.64 Bajaj Finserv Limited 2.59 Bajaj Finance Limited 2.24 Gruh Finance Limited 2.01 HDFC Standard Life Insurance Company Limited 0.70 AUTO ANCILLARIES 8.42 Motherson Sumi Systems Limited 3.56 Endurance Technologies Limited 2.20 WABCO India Limited 1.42 Varroc Engineering Limited 1.24 SOFTWARE 7.74 Tata Consultancy Services Limited 5.21 Info Edge (India) Limited 1.40 Infosys Limited 1.13 CONSUMER NON DURABLES 5.76 Asian Paints Limited 2.24 Hindustan Unilever Limited 2.03 Nestle India Limited 1.50 AUTO 5.76 Maruti Suzuki India Limited 3.92 Eicher Motors Limited 1.84 PHARMACEUTICALS 3.28 Divi's Laboratories Limited 2.06 Sun Pharmaceutical Industries Limited 1.22 TRANSPORTATION 2.99 Container Corporation of India Limited 2.28 Blue Dart Express Limited 0.71 CEMENT 2.87 Shree Cement Limited 2.87 RETAILING 2.42 Avenue Supermarts Limited 2.42 CHEMICALS 2.39 Camlin Fine Sciences Limited 1.52 Pidilite Industries Limited 0.87 PESTICIDES 2.35 PI Industries Limited 1.60 UPL Limited 0.75 CONSTRUCTION PROJECT 2.28 Larsen & Toubro Limited 2.28 OTHER EQUITY (LESS THAN 0.50% OF THE CORPUS) 0.27 EXCHANGE TRADED FUNDS 10.08 AXIS GOLD ETF 10.08 DEBT, CASH & OTHER RECEIVABLES 5.41 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 27 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

AXIS ARBITRAGE FUND(FORMERLY KNOWN AS AXIS ENHANCED ARBITRAGE FUND) (An Open Ended Scheme Investing In Arbitrage Opportunities ) INVESTMENT OBJECTIVE: To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. 14th August 2014 s Dividend AVERAGE MATURITY*@ 137 days MODIFIED DURATION*@ 124 days YIELD (YIELD TO MATURITY & ) 7.99% TURNOVER # (1 YEAR) 12.48 times Record Date Dividend (` Per unit) 2,055.98 Cr. 2,231.19 Cr. Mr. Ashwin Patni Work experience: More than 16 years. He has been managing the fund since 27th April 2015 PERFORMANCE (as on 31st July 2018) Regular Plan Dividend (` Per unit) Nifty 50 Arbitrage Index Mr. Devang Shah Work experience: More than14 years. He has been managing this fund since inception. Period 1 Year 3 Years 5 Years Since Inception DIVIDENDS Direct Plan July 19, 2018 0.04 0.04 10.4950 10.4507 0.04 0.04 10.9752 10.9309 Jun 21, 2018 0.04 0.04 10.5019 10.4519 0.04 0.04 10.9729 10.9229 May 21, 2018 0.04 0.04 10.4811 10.4368 0.04 0.04 10.9416 10.8973 Please note that after the payment of dividend, the falls to the extent of dividend, distribution tax and cess wherever applicable. Past performance may or may not be sustained in future. Face units is ` 10. Dividends disclosed above are since the inception of the fund. ` 10,000/- 0.25% if redeemed / switched out within 7 days from the date of allotment/ Investment. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio. # Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/ SLB are not considered. ` 10,000 Date of inception Axis Arbitrage Fund - Growth 5.96% 10,596 6.07% 11,934 - - 6.55% 12,859 Nifty 50 Arbitrage Index 4.12% 10,412 5.24% 11,657 - - 5.99% 12,595 14-Aug-14 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.07% 13,111 Axis Arbitrage Fund - Direct Plan - 6.84% 10,684 6.95% 12,234 - - 7.44% 13,291 Growth Nifty 50 Arbitrage Index 4.12% 10,412 5.24% 11,657 - - 5.99% 12,595 14-Aug-14 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.07% 13,111 Past performance may or may not be sustained in future. Calculations are based on Growth. Since inception returns are calculated on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above.devang Shah is managing the scheme since inception and he manages 34 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 22 schemes. Please refer to annexure on Page 33 for performance of schemes managed by the fund managers. Returns greater than 1 year period are compounded annualised (). % OF ASSETS TOTAL HEDGED EQUITY 65.94 HDFC Limited 4.56 Sun Pharmaceutical Industries Limited 3.31 Infibeam Incorporation Limited 3.30 Mahindra & Mahindra Financial Services Limited 3.29 Larsen & Toubro Limited 3.22 Bajaj Finance Limited 2.93 Mahindra & Mahindra Limited 2.72 Dewan Housing Finance Corporation Limited 2.70 Cadila Healthcare Limited 2.64 Maruti Suzuki India Limited 2.39 ICICI Bank Limited 2.28 Century Textiles & Industries Limited 2.10 Nestle India Limited 1.83 Indiabulls Housing Finance Limited 1.82 The Federal Bank Limited 1.81 Tata Steel Limited 1.73 Motherson Sumi Systems Limited 1.27 Aurobindo Pharma Limited 1.07 United Spirits Limited 0.89 CESC Limited 0.84 GMR Infrastructure Limited 0.82 Capital First Limited 0.74 Tech Mahindra Limited 0.68 Bharat Electronics Limited 0.63 Punjab National Bank 0.62 Adani Enterprises Limited 0.61 Hero MotoCorp Limited 0.61 IDBI Bank Limited 0.58 Jaiprakash Associates Limited 0.56 Mahanagar Gas Limited 0.52 Reliance Industries Limited 0.48 Eicher Motors Limited 0.44 Jindal Steel & Power Limited 0.39 Dabur India Limited 0.39 Steel Authority of India Limited 0.38 Biocon Limited 0.37 Suzlon Energy Limited 0.36 Escorts Limited 0.36 Ashok Leyland Limited 0.35 Shriram Transport Finance Company Limited 0.35 Piramal Enterprises Limited 0.34 HCL Technologies Limited 0.33 Dr. Reddy's Laboratories Limited 0.32 TV18 Broadcast Limited 0.32 Balrampur Chini Mills Limited 0.31 Tata Motors Limited 0.31 Bharat Heavy Electricals Limited 0.30 DLF Limited 0.29 IRB Infrastructure Developers Limited 0.28 Bank of Baroda 0.26 LIC Housing Finance Limited 0.25 Wockhardt Limited 0.24 CEAT Limited 0.23 Zee Entertainment Enterprises Limited 0.22 Reliance Infrastructure Limited 0.21 Bajaj Auto Limited 0.20 Multi Commodity Exchange of India Limited 0.20 NMDC Limited 0.20 ITC Limited 0.19 The Karnataka Bank Limited 0.19 Jain Irrigation Systems Limited 0.19 State Bank of India 0.19 Vedanta Limited 0.18 Wipro Limited 0.18 Union Bank of India 0.17 Kajaria Ceramics Limited 0.16 L&T Finance Holdings Limited 0.16 Torrent Power Limited 0.16 Adani Power Limited 0.15 Tata Motors Limited 0.15 Cholamandalam Investment and Finance Company Limited 0.15 Marico Limited 0.14 Jubilant Foodworks Limited 0.14 Lupin Limited 0.13 Bharat Forge Limited 0.12 Godfrey Phillips India Limited 0.12 Bharat Financial Inclusion Limited 0.12 BEML Limited 0.12 Hindustan Petroleum Corporation Limited 0.09 Jet Airways (India) Limited 0.09 Yes Bank Limited 0.08 Shree Cement Limited 0.08 Kotak Mahindra Bank Limited 0.08 Syndicate Bank 0.08 NBCC (India) Limited 0.06 Sun TV Network Limited 0.06 JSW Steel Limited 0.05 Page Industries Limited 0.05 Coal India Limited 0.05 Hindalco Industries Limited 0.05 GAIL (India) Limited 0.04 ICICI Prudential Life Insurance Company Limited 0.04 Havells India Limited 0.03 Bank of India 0.03 Tata Chemicals Limited 0.03 Equitas Holdings Limited 0.03 Dish TV India Limited 0.02 The South Indian Bank Limited 0.02 Rural Electrification Corporation Limited 0.02 Andhra Bank 0.01 Granules India Limited 0.002 IDFC Bank Limited 0.002 DEBT, CASH & OTHER RECEIVABLES 34.06 NET ASSETS 100% 28 Please refer to page no 30, 32-33, 34-35 for, TER, Riskometer & Statutory Details.

SIP PERFORMANCE OF SELECT SCHEMES (as on 31st July 2018) The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say Rs. 10,000 systematically on the first Business Day of every month over a period of time. Axis Bluechip Fund - Growth SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 1,020,000 600,000 360,000 120,000 Market value as on July 31, 2018 2,027,890 921,503 488,899 137,260 Returns (Annualised) 15.66% 17.20% 20.95% 27.82% Benchmark Returns (Annualised) 13.25% 14.76% 17.87% 19.86% Additional Benchmark Returns (Annualised) 13.46% 15.00% 18.96% 23.94% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE Sensex. Inception Date: Jan 05, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 1,030,000 600,000 360,000 120,000 Market value as on July 31, 2018 2,538,602 979,689 474,071 132,668 Returns (Annualised) 20.27% 19.71% 18.74% 20.22% Benchmark Returns (Annualised) 14.09% 15.80% 17.55% 15.37% Additional Benchmark Returns (Annualised) 13.19% 14.76% 17.87% 19.86% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE 200. Additional Benchmak: Nifty 50. Inception Date: Dec 29, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 890,000 600,000 360,000 120,000 Market value as on July 31, 2018 1,909,775 957,647 464,873 130,321 Returns (Annualised) 20.13% 18.78% 17.35% 16.39% Benchmark Returns (Annualised) 17.73% 18.43% 14.22% -2.11% Additional Benchmark Returns (Annualised) 14.18% 14.76% 17.87% 19.86% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: S&P BSE Midcap. Additional Benchmak: Nifty 50. Inception Date: Feb 18, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 730,000 600,000 360,000 120,000 Market value as on July 31, 2018 1,347,241 1,005,869 509,998 135,671 Returns (Annualised) 20.01% 20.80% 24.01% 25.17% Benchmark Returns (Annualised) 14.69% 14.76% 17.87% 19.86% Additional Benchmark Returns (Annualised) 15.85% 15.80% 17.55% 15.37% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: Nifty 50. Additional Benchmak: S&P BSE 200. Inception Date: Jun 29, 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 SIP Investments Since Inception SIP 1 Year SIP Total Amount Invested 350,000 120,000 Market value as on July 31, 2018 407,827 128,121 Returns (Annualised) 10.50% 12.83% Benchmark Returns (Annualised) 10.22% 10.08% Additional Benchmark Returns (Annualised) 18.28% 19.86% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY 50 Equity Savings Index. Additional Benchmak: Nifty 50. Inception Date: August 14, 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 SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 950,000 600,000 360,000 120,000 Market value as on July 31, 2018 1,365,176 758,267 419,566 127,301 Returns (Annualised) 8.97% 9.31% 10.21% 11.51% Benchmark Returns (Annualised) 10.92% 11.51% 13.01% 12.83% Additional Benchmark Returns (Annualised) 6.20% 5.76% 3.23% -0.17% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold+15% Of INR Price of Gold. Additional Benchmak: Crisil 10 Year Gilt Index. Inception Date: Aug 23, 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 Regular Saver Fund - Growth SIP Investments Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 960,000 600,000 360,000 120,000 Market value as on July 31, 2018 1,382,653 744,918 405,522 124,962 Returns (Annualised) 8.93% 8.60% 7.90% 7.80% Benchmark Returns (Annualised) 9.66% 9.48% 9.51% 8.84% Additional Benchmark Returns (Annualised) 6.20% 5.76% 3.23% -0.16% ^Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Benchmark: NIFTY50 Hybrid Short Duration Debt 25:75 Index. Additional Benchmak: CRISIL 10 year Gilt Index. Inception 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). The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. 29

Axis Bluechip Fund (Formerly Known As Axis Equity Fund) (`) Dividend 16.80 Growth 28.68 Direct Plan - Dividend 18.12 Direct Plan - Growth 30.56 Axis Long Term Equity Fund (`) Dividend 23.6091 Growth 45.2642 Direct Plan - Dividend 39.3906 Direct Plan - Growth 48.2668 Equity Funds (as on 31st July 2018) Axis Focused 25 Fund (`) Dividend 20.38 Growth 29.24 Direct Plan - Dividend 30.86 Direct Plan - Growth 31.26 Axis Multicap Fund (`) Dividend 11.48 Growth 11.48 Direct Dividend 11.61 Direct Growth 11.62 Axis Midcap Fund (`) Dividend 25.42 Growth 35.89 Direct Plan - Dividend 30.42 Direct Plan - Growth 38.33 Axis Arbitrage Fund (Formerly Known As Axis Enhanced Arbitrage Fund) (`) Dividend 10.4695 Growth 12.8588 Direct Dividend 10.9533 Direct Growth 13.2914 Debt Funds (as on 31st July 2018) Axis Liquid Fund (`) Daily Dividend 1001.3998 Growth 1966.8918 Monthly Dividend 1002.0962 Weekly Dividend 1002.3052 Retail Daily Dividend 1000.9559 Retail Growth 1863.8563 Retail Monthly Dividend 1001.4058 Retail Weekly Dividend 1000.8220 Direct Bonus 1974.1190 Direct plan - Daily Dividend 1000.9560 Direct plan - Growth 1974.2312 Direct plan - Monthly Dividend 1001.5117 Direct plan - Weekly Dividend 1002.3068 Axis Dynamic Bond Fund (`) Growth 17.7404 Half Yearly Dividend 10.5268 Quarterly Dividend 10.3103 Direct Plan - Growth option 18.8848 Direct Plan - Half Yearly Dividend option 11.2685 Direct Plan - Quarterly Dividend option 10.5913 Axis Credit Risk Fund (Formerly Known As Axis Fixed Income Opportunities Fund) (`) Growth 13.8195 Monthly Dividend 10.1075 Weekly Dividend 10.1706 Direct Growth 14.4819 Direct Monthly Dividend 10.0532 Direct Weekly Dividend 10.2512 Axis Equity Saver Fund (`) Regular Dividend 12.22 Growth 12.59 Monthly Dividend 11.05 Quarterly Dividend 11.14 Direct Regular Dividend 12.12 Direct Growth 13.05 Direct Monthly Dividend 11.43 Direct Quarterly Dividend 11.53 Axis Dynamic Equity Fund (`) Dividend 11.03 Growth 11.03 Direct Dividend 11.22 Direct Growth 11.22 Axis Treasury Advantage Fund (`) Daily Dividend 1006.2334 Growth 1977.0240 Monthly Dividend 1006.7803 Weekly Dividend 1006.3042 Retail Daily Dividend 1005.4758 Retail Growth 1850.1227 Retail Monthly Dividend 1006.7769 Retail Weekly Dividend 1004.9051 Direct Plan - Daily Dividend option 1007.2893 Direct Plan - Growth option 2025.9352 Direct Plan - Monthly Dividend option 1006.8674 Direct Plan - Weekly Dividend option 1004.9166 Axis Corporate Debt Fund (Formerly Known As Axis Corporate Debt Opportunities Fund) (`) Regular Dividend 10.7156 Daily Dividend 10.0727 Growth 10.7150 Monthly Dividend 10.0634 Weekly Dividend 10.0541 Direct Plan Regular Dividend 10.8126 Direct Plan Daily Dividend 10.0793 Direct Plan Growth 10.8153 Direct Plan Monthly Dividend 10.0648 Direct Plan Weekly Dividend 10.0544 Axis Gilt Fund (Formerly Known As Axis Constant Maturity 10 Year Fund) (`) Growth 14.9790 Half Yearly Dividend 10.7480 Regular Dividend 10.0060 Direct Plan - Growth option 15.4188 Direct Plan - Regular Dividend option 10.0193 Hybrid Funds (as on 31st July 2018) Axis Children s Gift Fund (`) Direct Plan - No Lock-In - Dividend 13.8262 Direct Plan - No Lock-In - Growth 13.9420 No Lock-In - Dividend 13.2616 No Lock-In - Growth 13.2562 Compulsory Lock-In - Dividend 13.2629 Compulsory Lock-In - Growth 13.2571 Dir Plan - Comp Lock-In - Dividend 13.8263 Dir Plan - Comp Lock-In - Growth 13.8279 30 Axis Short Term Fund (`) Bonus 19.2254 Growth 19.1160 Monthly Dividend 10.1655 Weekly Dividend 10.2493 Regular Dividend 12.7883 Retail Growth 18.9003 Retail Monthly Dividend 10.0307 Retail Weekly Dividend 10.1577 Direct Plan - Regular Dividend 12.1658 Direct Plan - Growth option 19.9695 Direct Plan - Monthly Dividend option 10.0333 Direct Plan - Weekly Dividend option 10.2493 Axis Strategic Bond Fund (Formerly Known As Axis Regular Savings Fund) (`) Growth 17.1707 Half Yearly Dividend 10.8497 Quarterly Dividend 10.2341 Direct Plan - Growth option 18.0061 Direct Plan - Half Yearly Dividend option 11.1715 Direct Plan - Quarterly Dividend option 10.8500 Axis Banking & PSU Debt Fund (`) Daily Dividend 1008.0388 Growth 1629.5666 Monthly Dividend 1008.6085 Weekly Dividend 1007.9821 Direct Plan - Daily Dividend option 1008.0388 Direct Plan - Growth option 1647.0377 Direct Plan - Monthly Dividend option 1008.6631 Direct Plan - Weekly Dividend option 1007.9904 Axis Regular Saver Fund (Formerly Known As Axis Income Saver Fund) (`) Growth 19.1502 Dividend - Half Yearly 11.3850 Dividend - Quarterly 10.8498 Dividend - Annual 11.9000 Direct Plan - Growth option 20.6330 Direct Plan - Half Yearly Dividend option 12.1110 Direct Plan - Quarterly Dividend option 13.7926 Direct Plan - Annual Dividend option 12.6211 Axis Triple Advantage Fund (`) Dividend 15.8037 Growth 19.3766 Direct Plan - Dividend 17.6914 Direct Plan - Growth 20.5504

LOAD STRUCTURE & MINIMUM INVESTMENT AMOUNT DETAILS Fund Name Entry Load Minimum Investment Amount (`) Additional Purchase Amount (`) Minimum SIP Amount / in Multipules of (`) Minimum Installments Axis Bluechip Fund NA 5,000/1 100/1 1,000/1 12 Axis Focused 25 Fund NA 5,000/1 100/1 1,000/1 12 Axis Long Term Equity Fund NA 500/500 500/500 500/500 06 Axis Midcap Fund NA 5,000/1 100/1 1,000/1 12 Axis Multicap Fund NA 5,000/1 100/1 1,000/1 12 Axis Equity Saver Fund NA 5,000/1 100/1 1,000/1 12 Axis Triple Advantage Fund NA 5,000/1 100/1 1,000/1 12 Axis Regular Saver Fund NA 5,000/1 100/1 1,000/1 12 Axis Gilt Fund NA 5,000/1 100/1 1,000/1 12 Axis Dynamic Bond Fund NA 5,000/1 100/1 1,000/1 12 Axis Corporate Debt Fund NA 5,000/1 100/1 1,000/1 12 Axis Strategic Bond Fund NA 5,000/1 100/1 1,000/1 12 Axis Credit Risk Fund NA 5,000/1 100/1 1,000/1 12 Axis Short Term Fund NA 5,000/1 1,000/1 1,000/1 12 Axis Banking & PSU Debt Fund NA 5,000/1 1,000/1 1,000/1 12 Axis Treasury Advantage Fund NA 5,000/1 1,000/1 1,000/1 12 Axis Liquid Fund NA Growth : `500 and in multiples of ` 1/- thereafter All other s:` 5,000 and in multiples of `1/- thereafter Growth : ` 500 and in multiples of ` 1/- thereafter All other s: ` 1,000 and in multiples of ` 1/- thereafter - - Axis Arbitrage Fund NA 5,000/1 100/1 1,000/1 12 Axis Children s Gift Fund NA 5,000/1 100/1 1,000/1 12 Axis Dynamic Equity Fund NA 5,000/1 100/1 1,000/1 12 Please refer to the website for current load structure. For complete information refer Key Information Memorandum (KIM) or Scheme Information Doucment (SID). Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Scheme, there has been change in the fundamental attribute(s) of the aforesaid schemes effective from May 18, 2018. 31

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31 st July 2018) 1 Year 3 Years 5 Years Since Inception Date of inception Investment of ` 10,000 Investment of ` 10,000 Investment of ` 10,000 Value Of Investment Of ` 10,000 Was Invested On FUNDS MANAGED BY SHREYASH DEVALKAR (TOTAL SCHEMES MANAGED : 5 SCHEMES) Axis Bluechip Fund - Growth 21.63% 12,163 12.87% 14,383 18.34% 23,223 13.08% 28,680 Nifty 50 05-Jan-10 14.20% 11,420 11.42% 13,834 16.03% 21,038 10.71% 23,919 S&P BSE Sensex (Additional Benchmark) 16.97% 11,697 11.61% 13,909 15.80% 20,828 10.82% 24,133 Axis Bluechip Fund - Direct Plan - Growth 23.33% 12,333 14.18% 14,893 19.70% 24,586 17.92% 25,090 Nifty 50 01-Jan-13 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 S&P BSE Sensex (Additional Benchmark) 16.97% 11,697 11.61% 13,909 15.80% 20,828 14.05% 20,823 Axis Midcap Fund - Growth 17.60% 11,760 9.26% 13,046 25.57% 31,236 18.71% 35,890 S&P BSE Midcap 18-Feb-11 5.00% 10,500 13.69% 14,698 25.15% 30,721 14.05% 26,634 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 11.74% 22,866 Axis Midcap Fund - Direct Plan - Growth 18.85% 11,885 10.51% 13,501 27.12% 33,215 20.26% 27,999 S&P BSE Midcap 01-Jan-13 5.00% 10,500 13.69% 14,698 25.15% 30,721 16.94% 23,952 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 FUNDS MANAGED BY JINESH GOPANI (TOTAL SCHEMES MANAGED : 4 SCHEMES) Axis Long Term Equity Fund - Growth* 17.20% 11,720 12.89% 14,391 25.27% 30,867 19.21% 45,264 S&P BSE 200 29-Dec-09 12.51% 11,251 12.15% 14,112 18.05% 22,939 11.42% 25,319 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 10.90% 24,334 Axis Long Term Equity Fund - Direct Plan - Growth* 18.43% 11,843 14.12% 14,866 26.73% 32,708 23.42% 32,361 S&P BSE 200 01-Jan-13 12.51% 11,251 12.15% 14,112 18.05% 22,939 14.74% 21,544 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 Axis Focused 25 Fund - Growth 20.53% 12,053 16.51% 15,823 21.19% 26,154 19.26% 29,240 Nifty 50 29-Jun-12 14.20% 11,420 11.42% 13,834 16.03% 21,038 14.83% 23,209 S&P BSE 200 (Additional Benchmark) 12.51% 11,251 12.15% 14,112 18.05% 22,939 16.11% 24,832 Axis Focused 25 Fund - Direct Plan - Growth 21.92% 12,192 17.91% 16,401 22.64% 27,762 19.33% 26,810 Nifty 50 01-Jan-13 14.20% 11,420 11.42% 13,834 16.03% 21,038 13.71% 20,485 S&P BSE 200 (Additional Benchmark) 12.51% 11,251 12.15% 14,112 18.05% 22,939 14.74% 21,544 Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Growth @ 7.47% 10,747 - - - - 15.16% 12,510 S&P BSE Midcap 29-Dec -16 5.00% 10,500 - - - - 21.90% 13,691 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 25.51% 14,340 Axis Emerging Opportunities Fund - Series 1 (1400 Days) - Direct Plan @ 9.19% 10,919 - - - - 17.01% 12,830 - Growth S&P BSE Midcap 29-Dec -16 5.00% 10,500 - - - - 21.90% 13,691 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 25.51% 14,340 FUNDS MANAGED BY R.SIVAKUMAR (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Equity Saver Fund - Growth @ 9.86% 10,986 - - - - 8.08% 12,590 NIFTY 50 Equity Savings Index 14-Aug-15 8.19% 10,819 - - - - 8.40% 12,702 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 11.63% 13,854 Axis Equity Saver Fund - Direct Plan - Growth @ 11.16% 11,116 - - - - 9.40% 13,050 NIFTY 50 Equity Savings Index 14-Aug-15 8.19% 10,819 - - - - 8.40% 12,702 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 11.63% 13,854 Axis Triple Advantage Fund - Growth 9.92% 10,992 8.51% 12,779 9.92% 16,052 8.69% 19,377 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) 23-Aug-10 10.03% 11,003 10.14% 13,363 12.46% 17,995 9.79% 20,997 Crisil 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.38% 16,343 Axis Triple Advantage Fund - Direct Plan Growth 10.96% 11,096 9.67% 13,193 11.12% 16,950 9.03% 16,197 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) 01-Jan-13 10.03% 11,003 10.14% 13,363 12.46% 17,995 10.54% 17,489 Crisil 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.16% 13,957 Axis Dynamic Bond Fund - Growth 1.61% 10,161 7.13% 12,298 8.06% 14,734 8.21% 17,740 NIFTY Composite Debt Index 27-Apr-11 1.40% 10,140 7.03% 12,264 8.42% 14,985 8.09% 17,595 Crisil 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.43% 15,725 Axis Dynamic Bond Fund - Direct Plan - Growth 2.51% 10,251 8.17% 12,659 9.28% 15,589 9.03% 16,205 NIFTY Composite Debt Index 01-Jan-13 1.40% 10,140 7.03% 12,264 8.42% 14,985 7.77% 15,182 Crisil 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.16% 13,957 Axis Capital Protection Oriented Fund - Series 5 # 7.96% 10,796 5.43% 11,720 9.94% 16,069 8.75% 16,193 Crisil Hybrid 85+15 - Conservative Index 02-Nov-12 3.16% 10,316 8.33% 12,714 10.29% 16,320 9.35% 16,710 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 7.02% 14,769 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth @ 11.44% 11,144 - - - - 11.24% 13,257 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth @ 13.23% 11,323 - - - - 13.03% 13,828 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth @ 11.45% 11,145 - - - - 11.24% 13,256 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth @ 13.47% 11,347 - - - - 13.38% 13,942 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 FUNDS MANAGED BY ASHISH NAIK (TOTAL SCHEMES MANAGED : 5 SCHEMES) Axis Triple Advantage Fund - Growth 9.92% 10,992 8.51% 12,779 9.92% 16,052 8.69% 19,377 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) 23-Aug-10 10.03% 11,003 10.14% 13,363 12.46% 17,995 9.79% 20,997 Crisil 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.38% 16,343 Axis Triple Advantage Fund - Direct Plan Growth 10.96% 11,096 9.67% 13,193 11.12% 16,950 9.03% 16,197 NIFTY Composite Debt Index (20%), Nifty 50 (65%),Gold (15%) 01-Jan-13 10.03% 11,003 10.14% 13,363 12.46% 17,995 10.54% 17,489 Crisil 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.16% 13,957 Axis Regular Saver Fund - Growth # 6.79% 10,679 6.87% 12,209 10.29% 16,323 8.41% 19,150 NIFTY 50 Hybrid Short Duration Debt 25:75 Index 16-Jul-10 7.42% 10,742 8.59% 12,807 10.56% 16,525 9.22% 20,326 CRISIL 10 year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.08% 16,074 Axis Regular Saver Fund - Direct Plan - Growth # 8.08% 10,808 8.37% 12,729 11.86% 17,516 10.60% 17,528 NIFTY50 Hybrid Short Duration Debt 25:75 Index 04-Jan-13 7.42% 10,742 8.59% 12,807 10.56% 16,525 9.65% 16,709 CRISIL 10 year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.07% 13,891 Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth @ 11.44% 11,144 - - - - 11.24% 13,257 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth @ 13.23% 11,323 - - - - 13.03% 13,828 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth @ 11.45% 11,145 - - - - 11.24% 13,256 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth @ 13.47% 11,347 - - - - 13.38% 13,942 NIFTY 50 Hybrid Composite Debt 65:35 Index 08-Dec-15 9.78% 10,978 - - - - 13.81% 14,083 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 17.40% 15,290 FUNDS MANAGED BY ADITYA PAGARIA (TOTAL SCHEMES MANAGED : 4 SCHEMES) Axis Liquid Fund - Growth 7.04% 10,704 7.30% 12,355 8.07% 14,743 7.98% 19,669 NIFTY Liquid Index 09-Oct-09 6.82% 10,682 7.06% 12,275 7.96% 14,667 7.91% 19,568 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.45% 17,354 Axis Liquid Fund - Direct Plan - Growth 7.10% 10,710 7.37% 12,381 8.14% 14,792 8.18% 15,509 NIFTY Liquid Index 31-Dec-12 6.82% 10,682 7.06% 12,275 7.96% 14,667 7.97% 15,347 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,584 Axis Liquid Fund - Retail Plan - Growth 6.42% 10,642 6.72% 12,155 7.50% 14,359 7.67% 18,639 NIFTY Liquid Index 01-Mar-10 6.82% 10,682 7.06% 12,275 7.96% 14,667 8.12% 19,306 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.64% 17,182 Axis Treasury Advantage Fund - Growth 6.46% 10,646 7.39% 12,387 8.14% 14,791 8.04% 19,770 NIFTY Low Duration Debt Index 09-Oct-09 6.58% 10,658 7.48% 12,419 8.43% 14,995 8.26% 20,132 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.45% 17,354 Inception Date 32

ANNEXURE FOR RETURNS OF ALL THE SCHEMES (as on 31 st July 2018) 1 Year 3 Years 5 Years Since Inception Date of inception Investment of ` 10,000 Investment of ` 10,000 Investment of ` 10,000 Value Of Investment Of ` 10,000 Was Invested On Inception Date Axis Treasury Advantage Fund - Direct Plan - Growth 7.05% 10,705 7.90% 12,564 8.64% 15,140 8.61% 15,856 NIFTY Low Duration Debt Index 01-Jan-13 6.58% 10,658 7.48% 12,419 8.43% 14,995 8.22% 15,541 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,578 Axis Treasury Advantage Fund - Retail Plan - Growth 6.07% 10,607 6.84% 12,199 7.51% 14,367 7.58% 18,501 NIFTY Low Duration Debt Index 03-Mar-10 6.58% 10,658 7.48% 12,419 8.43% 14,995 8.38% 19,692 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.64% 17,179 Axis Banking & PSU Debt Fund - Growth 6.03% 10,603 7.43% 12,402 8.30% 14,900 8.27% 16,296 NIFTY Banking & PSU Debt Index 08-Jun-12 3.30% 10,330 6.97% 12,243 8.44% 14,996 8.23% 16,259 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 7.05% 15,203 Axis Banking & PSU Debt Fund - Direct Plan - Growth 6.30% 10,630 7.64% 12,475 8.51% 15,046 8.35% 15,644 NIFTY Banking & PSU Debt Index 01-Jan-13 3.30% 10,330 6.97% 12,243 8.44% 14,996 7.97% 15,341 Crisil 1 Year T-Bill Index (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 6.99% 14,578 FUNDS MANAGED BY ANUPAM TIWARI (TOTAL SCHEMES MANAGED : 6 SCHEMES) Axis Equity Saver Fund - Growth @ 9.86% 10,986 - - - - 8.08% 12,590 NIFTY50 Equity Savings Index 14-Aug-15 8.19% 10,819 - - - - 8.40% 12,702 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 11.63% 13,854 Axis Equity Saver Fund - Direct Plan - Growth @ 11.16% 11,116 - - - - 9.40% 13,050 NIFTY50 Equity Savings Index 14-Aug-15 8.19% 10,819 - - - - 8.40% 12,702 Nifty 50 (Additional Benchmark) 14.20% 11,420 - - - - 11.63% 13,854 Axis Small Cap Fund - Growth @@ 4.20% 10,420 9.83% 13,252 - - 23.75% 27,060 Nifty Smallcap 100 29-Nov-13-3.25% 9,675 10.31% 13,427 - - 21.25% 24,597 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 - - 15.37% 19,505 Axis Small Cap Fund - Direct Plan - Growth @@ 5.40% 10,540 11.05% 13,700 - - 25.14% 28,510 Nifty Smallcap 100 29-Nov-13-3.25% 9,675 10.31% 13,427 - - 21.25% 24,597 Nifty 50 (Additional Benchmark) 14.20% 11,420 11.42% 13,834 - - 15.37% 19,505 TOP 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 30 - Growth 8.83% 10,883 - - - - 13.80% 13,759 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 9.82% 12,600 11-Feb-16 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.35% 11,641 Axis Hybrid Fund - Series 30 - Direct Plan - Growth 10.37% 11,037 - - - - 15.32% 14,217 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 9.82% 12,600 11-Feb-16 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.35% 11,641 Axis Hybrid Fund - Series 27 - Growth 8.78% 10,878 - - - - 8.22% 12,433 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.23% 12,436 29-Oct-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.38% 11,858 Axis Hybrid Fund - Series 27 - Direct Plan - Growth 10.32% 11,032 - - - - 9.64% 12,888 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.23% 12,436 29-Oct-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.38% 11,858 Axis Hybrid Fund - Series 26 - Growth 8.69% 10,869 - - - - 8.21% 12,563 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.73% 12,737 10-Sep-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.50% 11,996 Axis Hybrid Fund - Series 26 - Direct Plan - Growth 10.23% 11,023 - - - - 9.62% 13,042 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.73% 12,737 10-Sep-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.50% 11,996 BOTTOM 3 FUNDS MANAGED BY ASHWIN PATNI (TOTAL SCHEMES MANAGED : 22 SCHEMES) Axis Hybrid Fund - Series 6 - Growth 3.15% 10,315 0.32% 10,097 - - 6.07% 13,396 CRISIL Hybrid 85+15 - Conservative Index 16-Aug-13 3.16% 10,316 8.33% 12,714 - - 10.91% 16,710 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.40% 14,249 Axis Hybrid Fund - Series 6 - Direct Plan - Growth 4.19% 10,419 1.31% 10,398 - - 7.11% 14,057 CRISIL Hybrid 85+15 - Conservative Index 16-Aug-13 3.16% 10,316 8.33% 12,714 - - 10.91% 16,710 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.40% 14,249 Axis Hybrid Fund - Series 7 - Growth 3.06% 10,306 0.56% 10,168 - - 6.14% 13,395 CRISIL Hybrid 85+15 - Conservative Index 05-Sep-13 3.16% 10,316 8.33% 12,714 - - 10.49% 16,308 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 7.32% 14,139 Axis Hybrid Fund - Series 5 - Growth 2.89% 10,289-0.08% 9,975 6.14% 13,476 5.35% 12,990 CRISIL Hybrid 85+15 - Conservative Index 25-Jul-13 3.16% 10,316 8.33% 12,714 10.29% 16,320 10.11% 16,219 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 7.35% 14,279 Axis Hybrid Fund - Series 5 - Direct Plan - Growth 3.93% 10,393 0.90% 10,272 7.17% 14,141 6.37% 13,634 CRISIL Hybrid 85+15 - Conservative Index 25-Jul-13 3.16% 10,316 8.33% 12,714 10.29% 16,320 10.11% 16,219 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 7.36% 14,268 7.35% 14,279 TOP 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 34 SCHEMES) Axis Hybrid Fund - Series 27 - Growth 8.78% 10,878 - - - - 8.22% 12,433 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.23% 12,436 29-Oct-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.38% 11,858 Axis Hybrid Fund - Series 27 - Direct Plan - Growth 10.32% 11,032 - - - - 9.64% 12,888 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.23% 12,436 29-Oct-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.38% 11,858 Axis Hybrid Fund - Series 26 - Growth 8.69% 10,869 - - - - 8.21% 12,563 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.73% 12,737 10-Sep-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.50% 11,996 Axis Hybrid Fund - Series 26 - Direct Plan - Growth 10.23% 11,023 - - - - 9.62% 13,042 Crisil Composite Bond Fund Index (85%) and Nifty 50 TRI (15%) 3.37% 10,337 - - - - 8.73% 12,737 10-Sep-15 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 - - - - 6.50% 11,996 Axis Hybrid Fund - Series 22 - Growth @@ 5.06% 10,506 5.31% 11,681 - - 5.08% 11,733 CRISIL Hybrid 85+15 - Conservative Index 11-May-15 3.16% 10,316 8.33% 12,714 - - 8.46% 12,992 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 6.72% 12,333 Axis Hybrid Fund - Series 22 - Direct Plan - Growth @@ 6.54% 10,654 6.67% 12,141 - - 6.43% 12,225 CRISIL Hybrid 85+15 - Conservative Index 11-May-15 3.16% 10,316 8.33% 12,714 - - 8.46% 12,992 CRISIL 1 Year T-Bill (Additional Benchmark) 5.69% 10,569 6.57% 12,106 - - 6.72% 12,333 BOTTOM 3 FUNDS MANAGED BY DEVANG SHAH (TOTAL SCHEMES MANAGED : 34 SCHEMES) Axis Gold ETF 2.37% 10,237 4.23% 11,324-0.69% 9,658 3.44% 12,991 10-Nov-10 Domestic Price of Gold 3.08% 10,308 6.55% 12,100 0.55% 10,279 3.90% 13,440 Axis Dynamic Bond Fund - Growth 1.61% 10,161 7.13% 12,298 8.06% 14,734 8.21% 17,740 NIFTY Composite Debt Index 27-Apr-11 1.40% 10,140 7.03% 12,264 8.42% 14,985 8.09% 17,595 CRISIL 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.43% 15,725 Axis Dynamic Bond Fund - Direct Plan - Growth 2.51% 10,251 8.17% 12,659 9.28% 15,589 9.03% 16,205 NIFTY Composite Debt Index 01-Jan-13 1.40% 10,140 7.03% 12,264 8.42% 14,985 7.77% 15,182 CRISIL 10 Year Gilt Index (Additional Benchmark) -2.90% 9,710 6.01% 11,916 6.49% 13,699 6.16% 13,957 Axis Gilt Fund - Growth -1.19% 9,881 6.15% 11,964 6.76% 13,873 6.39% 14,979 23-Jan-12 NIFTY All Duration G-Sec Index -0.29% 9,971 6.45% 12,064 7.36% 14,264 7.00% 15,550 Axis Gilt Fund - Direct Plan - Growth -0.66% 9,934 6.71% 12,153 7.28% 14,215 6.79% 14,429 01-Jan-13 NIFTY All Duration G-Sec Index -0.29% 9,971 6.45% 12,064 7.36% 14,264 6.65% 14,323 Past performance may or may not be sustained in future. Calculations are based on Growth. Above data excludes schemes which have not completed a year. The above data excludes performance of direct plans of schemes which have not completed a year. The performance of the schemes are benchmarked to the Total Return variant of the Benchmark Index (TRI) in terms of SEBI circular dated Jan. 4, 18. 33

Past performance may or may not be sustained in the future. Calculations are based on Growth. Since inception returns are calculated on Rs.1,000/- invested at inception for Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Banking & PSU Debt Fund, on Rs. 2,026.8434/- invested at inception for Axis Gold ETF and on Rs. 10/- invested at inception for all other schemes. Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund since 7th June 2016 and Axis Emerging Opportunites Fund Series 1 and Series 2 since inception Shreyash Devalkar is managing Axis Bluechip Fund, Axis Midcap Fund since 23rd November 2016, Axis Equity Advantage Fund - Series 1 and Axis Equity Advantage Fund - Series 2 since inception and Axis Multicap Fund since 20th November 2017. Anupam Tiwari is managing Axis Equity Saver Fund and Axis Smallcap Fund since 6th October, 2016, Axis Emerging Opportunities Fund - Series 1 since 29th December 2016, Axis Emerging Opportunities Fund - Series 2 since 17th Feb 2017, Axis Dynamic Equity Fund since inception & Axis Capital Builder Fund - Series 1 since 8th March 2018. Ashwin Patni is managing Axis Arbitrage Fund, Axis Capital Protection Oriented Fund Series 5 and all Axis Hybrid Funds since 27th April, 2015 (since inception date for Axis Hybrid Funds launched after 27th April, 2015) and Axis Equity Advantage Fund - Series 1 since 25th May, 2017, Axis Equity Advantage Fund - Series 2 since inception, Axis Dynamic Equity Fund since inception. Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Gilt Fund, Axis Strategic Bond Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis Hybrid Funds launched after 5th November, 2012), Axis Credit Risk Fund and Axis Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Regular Saver Fund (Debt portion), Axis Gold Fund, Axis Gold ETF, all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Fund since July 13th, 2017. Ashish Naik is managing the equity portion of Axis Regular Saver Fund and Axis Triple Advantage Fund since 22nd June 2016 and Axis Children s Gift Fund since July 6th, 2016 and Axis Nifty ETF since July 3rd 2017, Axis Capital Builder Fund - Series 1 since 8th March 2018. Aditya Pagaria is managing Axis Liquid Fund, Axis Treasury Advantage Fund, Axis Banking & PSU Debt Fund since 13th August, 2016 & Axis Equity Advantage Fund Series - 1 since 26th May, 2017. R. Sivakumar is managing Axis Dynamic Bond Fund, Axis Equity Saver Fund (debt potion) and Axis Capital Protection Oriented Fund Series 5 since inception, Axis Triple Advantage Fund since 14th September 2010 and Axis Children s Gift Fund (debt portion) since 7th June 2016, Axis Dynamic Equity Fund since inception. @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. Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Total Expense Ratio** Scheme - Regular Plan / Retail Plan / Direct Plan : Axis Hybrid Fund - Series 5: 2.64% / 1.64%, Axis Hybrid Fund - Series 6: 2.64% / 1.64%, Axis Hybrid Fund - Series 7: 2.64% / -, Axis Hybrid Fund - Series 19 : 1.39% / 0.71%, Axis Hybrid Fund - Series 22 : 2.37% / 0.97%, Axis Hybrid Fund - Series 23 : 2.40% /1.00%, Axis Hybrid Fund - Series 24 : 2.34% / 0.94%, Axis Hybrid Fund - Series 25 : 2.50% / 1.09%, Axis Hybrid Fund - Series 26 : 2.47% / 1.07%, Axis Hybrid Fund - Series 27 : 2.43% / 1.03%, Axis Hybrid Fund - Series 28 : 2.45% / 1.04%, Axis Hybrid Fund - Series 29 : 2.61% / 1.20%, Axis Hybrid Fund - Series 30 : 2.54% / 1.14%, Axis Hybrid Fund - Series 31 : 2.45% / 0.92%, Axis Hybrid Fund - Series 32 : 2.42% / 0.88%, Axis Hybrid Fund - Series 33 : 2.42% / 0.89%, Axis Hybrid Fund - Series 35 : 2.48% / 0.95%, Axis Liquid Fund : 0.16% / 0.75%, 0.11, Axis Treasury Advantage Fund : 0.74% / 0.74% / 0.25%, Axis Banking & PSU Debt Fund : 0.58% / 0.29%, Axis Short Term Fund : 0.99% / 0.99/0.28, Axis Dynamic Bond Fund : 1.52% / 0.63%, Axis Gilt Fund : 0.75% / 0.22%, Axis Strategic Bond Fund : 1.17% / 0.57%, Axis Gold ETF : 1.11% /-, Axis Nifty ETF: 0.07% / -, Axis Gold Fund* :1.15% /0.15, Axis Credit Risk Fund* : 1.70% / 0.69%, Axis Arbitrage Fund : 1.11% / 0.28%, Axis Corporate Debt Fund : 1.16% / 0.28%, Axis Regular Saver* : 2.64% / 1.50%, Axis Long Term Equity Fund*: 2.26% / 1.24%, Axis Focused 25 Fund* : 2.47% / 1.33%, Axis Bluechip Fund* : 2.54% / 0.94%, Axis Triple Advantage Fund* : 2.50% / 1.30%, Axis Midcap Fund*: 2.53% / 1.38%, Axis Equity Saver Fund* : 2.84% / 1.72%, Axis Small Cap Fund : 2.69% / 1.57%, Axis Children s Gift Fund* : 2.85% / 1.09%, Axis Dynamic Equity Fund* : 2.53% / 0.80%, Axis Multi Cap Fund* : 2.48% / 0.81%, Axis Capital Protection Oriented Fund -Series 5: 2.64% / -, Axis Emerging Opportunities Fund - Series 1: 2.59% / 1.06%, Axis Emerging Opportunities Fund - Series 2: 2.33% / 0.79%, Axis Equity Advantage - 1 Fund* : 2.40% / 0.93%, Axis Equity Advantage - 2 Fund : 2.93% / 1.04%, Axis Capital Builder Fund - Series 1: 2.66% / 1.19%, Axis Fixed Maturity Plan - Series 64 : 0.57% / 0.05%, Axis Fixed Maturity Plan - Series 92 : 0.21% / 0.14%, Axis Fixed Maturity Plan - Series 93 : 0.16% / 0.11%, Axis Fixed Maturity Plan - Series 94 : 0.16% / 0.11%, Axis Fixed Maturity Plan - Series 95 : 0.49% / 0.11% *The rates mentioned above are inclusive of a proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets has been charged in these schemes. 1. Total Expenses Ratio is inclusive of GST 2. **Total Expenses Ratio is of last day of the month Pursuant to the circular issued by SEBI on Categorization and Rationalization of the Schemes,there has been change in the fundamental attribute(s) of the aforesaid effective from May 18, 2018. 34

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