Axis Focused 25 Fund - Relative Positioning

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Active Returns Axis Focused 25 Fund - Relative Positioning Sector Funds Mid cap funds Axis Focused 25 Fund Large cap diversified funds Index funds Active Risk 2

Axis Focused 25 Fund: Positioning Pure bottom-up, best-ideas approach with high active allocation relative to the benchmark while maintaining prudent diversification 1 4 Concentrated focus on sustainable businesses Active high conviction investing strategy 2 3 Risk management embedded in the investment process Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets 3

Can participate in opportunities across the spectrum Invests in up to 25 companies where the fund manager has high conviction NIFTY 500 Index ( 500 stocks Market Cap in INR crores) Largest Market Cap 200th Stock Smallest Market Cap 666,574 27,875 11,924 8,552 451 Large Cap Mid Cap Aims to primarily invest upto 90% of its equity allocation in the top 200 stocks by market capitalization* Source: Capital line *Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets. As Per SEBi/AMFI classification of market cap buckets.. NIFTY 500 is used only for illustrative purposes only. The benchmark of the scheme is NIFTY 50. 4

Portfolio Strategy Designed for risk adjusted returns over market cycles The manager looks at 3 broad buckets while constructing the portfolio. 50-60% Core Portfolio Steady compounders generating reasonable returns with low volatility Horizon: medium term (3-5 years). 20-25% Focus on alpha Companies having cyclical tailwind Horizon: 18-24 months 20-25% Emerging themes Generating break-out growth going forward. Horizon : Long term 5+ years Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets 5

Key Portfolio Characteristics (Stocks) Portfolio Characteristics May 18 Top 5 stocks outside benchmark Weight No. of Stocks 25 Large Caps:62% Market Cap Mix Mid & Small Caps: 26% (Rest in Debt & Cash) Top 10 stocks (% of portfolio) 56% Matched Portfolio 22.5% Stocks outside Benchmark 19 Supreme Industries Limited 5.6% Shree Cement Limited 5.2% Gruh Finance Limited 4.2% Motherson Sumi Systems Limited 3.8% Mindtree Limited 3.4% Source : ValueFY, ACEMF. Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets. Market Caps are based on SEBI AMFI guidelines on market capitalization.past performance may or may not be sustained in the future. Stock(s) / Issuer(s)/ Top stocks with increased or decreased exposure mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation to buy/sell/ hold. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. 6

Key Sector Weights May 18 Top 5 Sectors Weight Finance 37.8% Autos & Logistics 12.9% Information Technology 12.6% Consumer 8.6% Capital Goods, Engineering & Construction 7.4% Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets. Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). 7

Portfolio & Risk Parameters (May 18) Top 5 sector holdings Risk parameters (3 years) Top 10 stocks Current market cap split (% NAV) Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager s view of the equity markets. Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). 8

Performance 9

SIP Performance May 31, 2018 Axis Focused 25 Fund Growth (Inception: 29 th June 2012) SIP Investments (Rs 10,000 monthly SIP invested on the 1 st business day of the month) Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP Total Amount Invested 710,000 600,000 360,000 120,000 Market value as on May 31, 2018 1,259,266 982,146 494,767 132,947 Returns (Annualised) % 19.27% 19.82% 21.81% 20.70% Benchmark Returns (Annualised) % 13.39% 13.21% 14.60% 11.35% Additional Benchmark Returns (Annualised) % 14.99% 14.83% 15.22% 9.14% Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Different plans have different expense structure. Plan for which performance is given is indicated above. Returns greater than 1 year are compounded annualised. SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Benchmark: Nifty 50. Additional Benchmark: S&P BSE 200. Inception Date: Jun 29, 2012. 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, 2018. Jinesh Gopani is managing the fund since 7th June, 2016 and he manages 4 schemes at Axis. Mutual Fund Please refer to the Annexure for returns of all the schemes managed by the fund manager. 10

Annexure ^ An open ended equity linked savings scheme with a 3 year lock-in. @@The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. @The performance data for 3 years period has not been provided for scheme/plan not in existence for 3 years. 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, 2018. The above data excludes performance of all schemes which have not completed a year. Data as on 31st May 2018. Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. 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. 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 Series 1 and Series 2. Market caps are defined as per SEBI regulations as below: a. Large Cap: 1st -100th company in terms of full market capitalization. b. Mid Cap: 101st -250th company in terms of full market capitalization. c. Small Cap: 251st company onwards in terms of full market capitalization. 11

Product Labelling Fund Name Riskometer Product Labelling Axis Focused 25 Fund (An open ended equity scheme investing in maximum 25 stocks investing in large cap, mid cap and small cap companies.) This product is suitable for investors who are seeking* Capital appreciation over long term Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies Axis Long Term Equity Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) This product is suitable for investors who are seeking* Capital appreciation & generating income over long term Investment in a diversified portfolio predominantly consisting of equity and equity related instruments. Axis Emerging Opportunities Fund Series I (1400 Days) (An Close ended equity fund) This product is suitable for investors who are seeking* Capital appreciation over long term Investment in a diversified portfolio of equity and equity related instruments of midcap companies 12

Statutory Details and Risk Factors Disclaimer: Past performance may or may not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC) Risk Factors: Axis Bank is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither, Trustee nor Axis Asset Management Company, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Data updated as on 31 st May 2018 13

Thank you Mutual Fund investments are subject to market risks, read all scheme related documents carefully