TRUSTEE REPORT REPORT FROM AXIS MUTUAL FUND TRUSTEE LIMITED TO THE UNIT HOLDERS OF THE SCHEMES OF AXIS MUTUAL FUND We have pleasure in presenting the Eighth Annual Report of the schemes of Axis Mutual Fund for the period ended March 31, 2017. The assets under management of the schemes of Axis Mutual Fund as at March 31, 2017 were ` 54,426.37 crores and the average assets under management during the said period were ` 50,561.60 crores. The total number of investors folio count under the schemes of Axis Mutual Fund as at March 31, 2017 were 21,02,043. As of March 31, 2017, Axis Asset Management Company Ltd. managed 59 schemes of Axis Mutual Fund which includes: 1 open ended equity linked savings scheme with 3 year lock-in (ELSS); 5 open ended equity schemes; 3 close ended equity scheme; 2 open ended Hybrid scheme 1 open ended Gold Exchange Traded Fund; 1 open ended fund of fund scheme; 1 open ended liquid scheme; 1 open ended gilt scheme; 7 open ended debt schemes; 1 capital protection scheme; 36 close ended debt schemes. 1. SCHEME PERFORMANCE, FUTURE OUTLOOK AND OPERATIONS OF THE SCHEMES A. Scheme Performance The Assets Under Management ( AUM ), the net asset value ( NAV ) per unit and the performance of the schemes vis-à-vis their benchmark for period(s) ended March 31, 2017 are given in Annexure - 1. Brief Comments on Scheme performance: Axis Long Term Equity Fund :Axis Long Term Equity has outperformed its benchmark since inception although during the financial year it underperformed the benchmark. The Scheme investments were driven by fundamental research looking for long term secular growth prospects and stock selection was on a bottom s up basis. The scheme looks for sustainable business models with good management, market leadership and scalability in business model. Risk assessment is an integral part of selection of a company as part of the portfolio. Axis Equity Fund: Axis Equity Fund has outperformed its benchmark since inception although during the year it underperformed the benchmark. The Schemes investments were driven by fundamental research approach and stock selection was on a bottom s up basis. The scheme has an actively managed portfolio of companies with strong and sustainable growth, with a bias for large caps while risk being a key variable. Axis Midcap Fund: The scheme has outperformed its benchmark since inception although during the year returns it underperformed the benchmark. Mid cap stocks outperformed largecaps during the year. The investment approach was driven on fundamental research process. The portfolio targets to invest in high quality business with scalable and sustainable models with the underlying philosophy, Today s Midcap, Tomorrow s leader. Axis Focused 25 Fund: Axis Focused 25 Fund has outperformed its benchmark since inception as well as during the last financial year. The scheme has an actively managed portfolio and invests in upto 25 stocks, primarily out of the top 200 by market capitalization in the Indian market. The scheme uses a fundamental research process to identify and invest in companies with high quality sustainable models over the medium to long term. Axis Enhanced Arbitrage Fund: The Direct Plan of the scheme outperformed its benchmark over the last financial year. The performances of other plan of the scheme are different to the extent of difference in their total expense ratio. Axis Equity Saver Fund: The Scheme has underperformed its benchmark in the last one year and since inception period. The performance of the scheme was affected by the correction in equity markets since the launch of the Scheme. The scheme seeks to provide capital appreciation and income distribution by using equity and equity related instruments, arbitrage opportunities and debt and money market instruments. Axis Small Cap Fund: Axis Small Cap Fund has outperformed its benchmark since inception but underperformed during the last financial year. The investment approach was driven on a fundamental research process to identify and invest in companies with high quality sustainable models over the medium to long term. Axis Triple Advantage Fund: The scheme invests across three asset classes, viz. debt, equity and gold. While returns of debt and equity were positive last year, gold gave negative returns over the course of the year, which again brought out the importance of asset allocation that is provided by this Scheme. Performance of the plans of the scheme are different to the extent of the difference in expense ratios. Axis Children s Gift Fund: The Scheme has underperformed its benchmark in the last one year and since inception period. The performance of the scheme was affected by the correction in equity markets since the launch of the Scheme. The Scheme is an openended balanced scheme that seeks to generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. The performance of the scheme was affected by the correction in equity markets since the launch of the scheme. Axis Gold ETF: The scheme aims to deliver returns consistent with returns on gold and is invested largely in gold. The scheme has underperformed the domestic price of gold. As the scheme is largely passively managed, comparison with benchmark is not relevant. 1 Axis Gold Fund: The scheme aims to deliver returns consistent with returns on gold by investing in Axis Gold ETF. The scheme has performed in line with the objectives. As the scheme is largely passively managed, comparison with benchmark is not relevant. Axis Liquid Fund : During the year, interest rates broadly declined on the back of lower inflation and 50 basis point policy rate cuts by the Reserve Bank of India. The scheme outperformed its benchmark for the year. The scheme has maintained its portfolio strategy of low volatility and high quality during the course of the year. Performances of the plans of the scheme are different to the extent of the difference in expense ratios. Axis Constant Maturity 10 Year Fund: The scheme aims to deliver returns consistent with returns on 10-year government securities. The scheme has performed in line with the objectives. As the scheme is largely passively managed, comparison with benchmark is not relevant. Axis Treasury Advantage Fund: During the year, interest rates broadly declined on the back of lower inflation and 50 basis point policy rate cuts by the Reserve Bank of India. The scheme maintained a higher average maturity this year in comparison to the previous year to take advantage of the falling interest rate environment. The scheme outperformed its benchmark during the year. Performances of the plans of the scheme are different to the extent of the difference in expense ratios. Axis Short Term Fund: During the year, interest rates broadly declined on the back of lower inflation and 50 basis point policy rate cuts by the Reserve Bank of India. The scheme maintains a high quality portfolio that is focused on highly rated issuers. The Direct Plan of the scheme outperformed its benchmark during the year. Performances of the plans of the scheme are different to the extent of the difference in expense ratios. Axis Dynamic Bond Fund: During the year, interest rates broadly declined on the back of lower inflation and 50 basis point policy rate cuts by the Reserve Bank of India. The scheme maintained a higher average duration this year to take advantage of the falling interest rate environment. The Direct Plan of the scheme outperformed its benchmark during the year. Performances of the other plans are different to the extent of the difference in expense ratios. Axis Regular Savings Fund*: During the year, interest rates broadly declined on the back of lower inflation and 50 basis point policy rate cuts by the Reserve Bank of India. The scheme maintained a higher average duration this year to take advantage of the falling interest rate environment. The Direct Plan of the scheme outperformed its benchmark during the year. Performances of the plans of the schemes are different to the extent of the difference in expense ratios. *Note : Effective from April 10, 2017, the Scheme s name changed to Axis Regular Savings Fund from Axis Income Fund. Axis Banking & PSU Debt Fund: The scheme is invested in debt and money market instruments issued by banks, public Sector Units (PSUs) & Public Financial Institutions (PFIs). As such it maintains a high quality and low duration relative to its benchmark. The fundamental attributes of the scheme had undergone a change during the year. Performances of the plans of the scheme are different to the extent of the difference in expense ratios. *Note : Effective from November 29, 2016, the Scheme s name changed to Axis Banking & PSU Debt Fund from Axis Banking Debt Fund. Axis Fixed Income Opportunities Fund: The scheme invests in a mix of government and corporate bonds while maintaining a short duration profile. The scheme maintained a stable duration profile targeting the short term segment to take advantage of the falling interest rate environment over the course of the year. The Direct Plan of the scheme outperformed its benchmark since inception and in the last financial year. Performances of the plans of the scheme are different to the extent of the difference in expense ratios. Axis Income Saver: The scheme invests largely in short term debt and a mix of large and mid-cap equities. The scheme maintained a higher average maturity to take advantage of the falling interest rate environment and dynamically adjusted its equity allocation using the asset allocation model to ensure that it met its drawdown objectives. The Direct Plan of the scheme outperformed its benchmark since inception. Performances of the plans of the schemes are different to the extent of the difference in expense ratios. Axis Capital Protection Oriented Fund - Series 5: This scheme was rolled over and the corpus of the scheme was invested in line with its investment objectives. The scheme is passively managed and performance comparison with benchmark is not appropriate in these cases. Axis Fixed Term Plan - Series 42, 43, 47, 48, 49, 52, 53, 61, 64, 67, 69, 74: The various series were invested in line with their investment objectives. The schemes are passively managed and performance comparison with benchmark is not appropriate in these cases. Axis Hybrid Fund - Series 5,6,7,8,9,11, 12, 13, 14, 15, 18, 19, 22, 23, 24, 25, 26, 27, 28, 29, 30,31,32, 33, 35: The various series were invested in line with their investment objectives. The schemes are passively managed and performance comparison with benchmark is not appropriate in these cases. Axis Emerging Opportunities Fund - Series 1 & 2: The scheme was launched in this financial year. The scheme looks to invest in companies that are expected to see a boost in growth over the medium term and/or which are taking advantage of ongoing market dislocations. Both the tranches were deployed over couple of months post launch.
TRUSTEE REPORT (Contd.) B. Operations of the Schemes Axis Mutual Fund ( Axis MF ) continued on a strong growth trajectory and achieved a new peak AUM this year. Axis MF witnessed strong inflows in its schemes, on the back of strong performance of its schemes despite subdued capital markets. The number of active investor accounts too ballooned and we currently have over than 2.1 million active investor accounts. Following major initiatives were enhanced: 1. EasySell: An online portal that empowers the IFAs to initiate transactions for their clients in schemes of Axis MF. Clients in turn login using the EasyApp or website (www.axismf.com) to authorise the transaction.. 2. EasyApp: It enables new investors in schemes of Axis MF to monitor their investments and perform investment transactions on the go. Apart from these, users can plan for their life's goals (using Mutual Funds), watch informative videos and connect with Axis MF in case they have a query. 3. Axis MF Lounge: A knowledge-sharing application created for internal & external stakeholders with the intention of making information available on-the-go. The application is pre-loaded with info pertaining to products & services of Axis MF, Market Updates, Interesting Videos, Tools, amongst other resources. 4. Revamp of www.axismf.com: More than just a design change the new website provides an integrated platform for aggregated content across various social media like youtube, facebook 5. Insta Redemption: An online facility made available on the website through which an investor can redeem his/her liquid funds anytime and get the amount credited to their bank account instantly. C. Future Outlook Summary and Background: The economy has bottomed over the last couple of years and growth seems to be reviving and should continue to steadily improve. However the revival has not been uniformly witnessed across different sub-components leading to what may be called a 2-speed economy. The outlook can be split into policy driven structural changes and cyclical changes in the economy. The structural changes being brought about by the government are growth positive in the long term. GST is the biggest reform in a generation and should go live this year. While it may be disruptive in the short term, medium to long term it can provide a growth and efficiency boost. On the cyclical economy front, things have been a bit patchy. Consumer demand has been hit by weak job and wages growth but supported by good monsoon, low inflation and low interest rates. Industrial capex has been comatose given private sector balance sheet challenges but the government has tried to push investments in infrastructure. In the wake of demonetisation, we saw bond yields drop and equity indices fall. Both indicated some fear of growth slowdown. Several months on, growth appears to be back to near normal levels. Consequently bond yields have risen and equity markets have rebounded. Equity outlook: The government has undertaken a series of policy steps that can improve the growth environment in the medium term. The government s focus is visible on social housing/other social sectors. Further, the black money clean up drive by the government in November last year should help to bring the informal economy into the mainstream. This will be further helped by the implementation of the GST. The GST regime is also expected to improve the domestic industry s competitiveness by raising taxes on imports while exports will receive a slight benefit. Indian economy has become structurally much more sound in the last couple of years as the twin deficits have come down sharply. Looking ahead into 2017-2018, we expect continued steady improvement in the growth environment which should start flowing through into better corporate earnings. Factors that will continue to influence the earnings growth in the coming year include implementation of GST, crude prices movement among others. The revival in domestic consumption demand will be key. Domestic corporate earnings volatility may increase as corporates attempt to tide over the impact of currency replacement program. Even though the current recovery is uneven due to both internal and external headwinds, with accelerating urban consumption and public sector investment, potential improvement in rural consumption along with benign inflationary pressure and a reformoriented government, we believe that India could continue to be among the fastest growing economies. Improving fiscal situation, inflation rate, exports growth, rising FDI flows point towards fundamental stability in the economy, augurs well for long term equity investing. Debt Market Outlook: The government has been prudent in the fiscal department. Lower fiscal deficit combined with low CAD has led to a sharp reduction in India s risk premiums. This has caused a big jump in FPI flows as well as giving strength to the Rupee. This will help create a virtuous cycle of low inflation and low interest rates. India has also seen significant addition to its foreign reserves over the last few years which provides it with high level of external resilience. We are at an interesting place in terms of yields. Money market yields have collapsed on the back of easy liquidity, while at the same time long bond prices have slumped in the wake of RBI hawkishness. In this environment, we prefer short term bonds which offer higher yields relative to money markets, while not being affected by the long bond volatility. We believe that the long end of the curve is about fairly valued with some upside risk to yields that is downside risk to prices. The yield curve offers great steepness up to the short segment up to 5 years to maturity. Thus short bonds offer a yield pick up relative to money market, and at the same time are not as exposed to the volatility of the long end. Our preferred part of the curve is between 1 and 5 years. 2. BRIEF BACKGROUND OF SPONSORS, FUND, THE TRUSTEE COMPANY AND AMC a. Axis Mutual Fund: Axis Mutual Fund ( the Mutual Fund / the Fund ) was set up as a Trust by the Settlor, Axis Bank Limited ( Axis Bank ) on June 27, 2009 with Axis Mutual Fund Trustee Limited ( the Trustee Company ) as a Trustee in accordance with the provisions of the Indian Trust Act, 1882 and is duly registered under the Indian Registration Act, 1908. The Trustee has entered into an Investment Management Agreement dated June 27, 2009 with Axis Asset Management Company Limited ( Axis AMC / the AMC ) to function as the Investment Manager for all the schemes of the Fund. The Fund was registered with SEBI on September 4, 2009 vide registration No. MF/061/09/02. b. Axis Mutual Fund Trustee Limited: The Trustee is the exclusive owner of the Fund and holds the same in trust for the benefit of the unitholders. The Trustee has been discharging its duties and carrying out the responsibilities as provided in the Regulations and the Deed of Trust. The Trustee seeks to ensure that the Fund and the schemes floated thereunder are managed by the AMC in accordance with the Deed of Trust, the Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies. The main responsibility of the Trustee is to safeguard the interest of the Unit holders. c. Sponsor: Axis MF is sponsored by Axis Bank Limited ( Axis Bank ). The Sponsor is the Settlor of the Mutual Fund Trust. The Sponsor has entrusted a sum of ` 1,00,000/- (` One Lakh only) to Axis Mutual Fund Trustee Limited as the initial contribution towards the corpus of the Fund. Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of financial services to customer segments covering Large and Mid- Corporates, MSME, Agriculture and Retail Businesses. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. Axis Bank has a large footprint of 3304 domestic branches (including extension counters) and 14163 ATMs spread across the country as at March 31, 2017. The overseas operations of the Bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses. d. Axis Asset Management Company Limited: Axis Asset Management Company Limited ( Axis AMC ) is a public limited company incorporated under the Companies Act, 1956 on January 13, 2009, having its registered office at Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025. Axis AMC has been appointed as the Investment Manager of the Mutual Fund by the Trustee Company vide Investment Management Agreement dated June 27, 2009 and executed between the Trustee Company and the AMC. Axis Bank Limited holds 75% (less one share) of the total issued and paid up equity share capital of Axis Asset Management Company Limited and the balance 25% plus one equity share has been acquired by Schroders Investment Management (Singapore) Limited (SIMSL) through its wholly owned subsidiary, Schroders Singapore Holdings Private Limited (SSHPL), a subsidiary of Schroders PLC., the ultimate holding company of Schroders Group, is among the 100 largest companies listed on the London Stock Exchange and has a history of over 200 years. Schroders Group is a leading international asset management group managing various asset classes. Axis AMC has obtained Certificate of Registration as Portfolio Manager under the SEBI (Portfolio Managers) Regulations, 1993 vide registration no. INP000003534 with effect from January 04, 2010, which was subsequently renewed and is valid till January 3, 2019. There is no conflict of interest between the Mutual Fund and the PMS activity. Axis AMC has signed an agreement with offshore fund manager(s) to provide Nonbinding Advisory and related services in respect of offshore fund(s) investing in India. SEBI has vide its letter dated January 10, 2013, accorded it s no objection to the AMC for undertaking non-binding investment advisory and other related services. 2
TRUSTEE REPORT (Contd.) 3. INVESTMENT OBJECTIVES OF THE SCHEMES Sr. No. Name of the Scheme and Type of Scheme Investment Objective 1 Axis Long Term Equity Fund, An Open ended equity linked To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity savings scheme with a lock-in period of 3 years and equity-related Securities. However, there can be no assurance that the investment objective of the scheme will be achieved. 2 Axis Equity Fund, An Open ended growth scheme To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the scheme will be achieved. 3 Axis Midcap Fund, An Open ended Equity Scheme To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the Scheme would be to invest in relatively larger companies within this category. 4 Axis Focused 25 Fund, An Open ended equity scheme To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. 5 Axis Enhanced Arbitrage Fund, An Open ended equity scheme 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. 6 Axis Equity Saver Fund, An Open ended Equity Scheme 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. 7 Axis Small Cap Fund, 5 Year Close ended Equity Scheme with To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity automatic conversion into an open ended equity scheme related instruments of small cap companies. on completion of 5 years 8 Axis Triple Advantage Fund, An Open ended Hybrid Fund 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. 9 Axis Children s Gift Fund, An Open ended Balanced Scheme To generate income by investing in debt & money market instruments along with long-term capital appreciation through investments in equity & equity related instruments. 10 Axis Gold ETF, An Open ended Gold Exchange Traded Fund To generate returns that are in line with the performance of gold. 11 Axis Gold Fund, An Open ended fund of fund scheme To generate returns that closely correspond to returns generated by Axis Gold ETF. 12 Axis Liquid Fund, An Open ended Liquid Scheme 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. 13 Axis Constant Maturity 10 Year Fund, An Open ended gilt scheme To generate returns similar to that of 10 year government bonds. 14 Axis Treasury Advantage Fund, An Open ended Debt Scheme 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. 15 Axis Short Term Fund, An Open ended Debt Scheme 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. 16 Axis Dynamic Bond Fund, An Open ended debt scheme To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. 17 Axis Regular Savings Fund, An Open ended debt scheme To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. 18 Axis Banking & PSU Debt Fund, An Open ended debt scheme 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. 19 Axis Fixed Income Opportunities Fund, An Open ended debt scheme 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. 20 Axis Income Saver, An Open ended Income Fund To generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation. 21 Axis Capital Protection Oriented Fund - Series 5, A close ended To protect the capital by investing in a portfolio of debt & money market instruments that are maturing on capital protection oriented fund or before the maturity of the Scheme. The scheme also aims to provide capital appreciation through exposure in equity & equity related instruments. 22 Axis Fixed Term Plan - Series 42, 43, 47, 48, 49, 52, 53, 61, To generate returns through a portfolio of debt & money market instruments that are maturing on or before 64, 67, 69, 74, Close ended debt scheme(s) the maturity of the respective plan(s). 23 Axis Hybrid Fund - Series 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, To generate income by investing in high quality fixed income securities whilst the secondary objective is to 18, 19, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33 and generate capital appreciation by investing in equity and equity related instruments. 35, Close ended debt scheme(s) 24 Axis Emerging Opportunities Fund - Series 1 & 2 The scheme aims to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of midcap companies. 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. 4. Significant Accounting Policies Accounting policies are in accordance with Securities Exchange Board of India (Mutual Funds) Regulations 1996. Summary of significant account policies is disclosed in Financial Statements of the schemes. 3
TRUSTEE REPORT (Contd.) 5. Unclaimed Dividends and Redemptions Summary of no. of investors and corresponding amount as at March 31, 2017: Name of Scheme Unclaimed Dividend Unclaimed Redemption No. of Investors Amt. (`) No. of Investors Amt. (`) Axis Focused 25 Fund 11 1,74,931.62 18 2,87,996.47 Axis Capital Protection Oriented Fund-Series 1 0 0.00 24 8,22,492.13 Axis Capital Protection Oriented Fund-Series 2 0 0.00 23 5,05,188.35 Axis Capital Protection Oriented Fund-Series 3 0 0.00 40 18,37,155.35 Axis Capital Protection Oriented Fund-Series 4 0 0.00 10 7,43,739.49 Axis Capital Protection Oriented Fund-Series 5 0 0.00 66 90,64,633.83 Axis Liquid Fund 0 0.00 4 2,93,749.12 Axis Constant Maturity 10 Year Fund 3 38,488.83 0 0.00 Axis Dynamic Bond Fund 5 8,378.01 2 1,25,012.05 Axis Enhanced Arbitrage Fund 5 4,499.91 0 0.00 Axis Equity Fund 540 16,73,279.18 333 57,61,769.78 Axis Equity Saver Fund 31 1,48,512.90 3 91,524.35 Axis Fixed Term Plan Series 41 (546 Days) 0 0.00 1 6,142.53 Axis Gold Fund 0 0.00 86 10,14,270.56 Axis Hybrid Fund - Series 1 0 0.00 26 16,21,372.01 Axis Hybrid Fund - Series 2 0 0.00 45 43,56,398.86 Axis Hybrid Fund - Series 3 0 0.00 1 39,010.60 Axis Income Fund 4 12,246.29 0 0.00 Axis Fixed Income Opportunities Fund 1 6,909.85 2 9,984.33 Axis Income Saver 204 6,13,801.57 22 4,94,260.87 Axis Midcap Fund 30 1,28,443.62 40 9,17,808.48 Axis Small Cap Fund 25 2,74,068.26 0 0.00 Axis Short Term Fund 4 12,459.36 1 16,165.98 Axis Treasury Advantage Fund 1 701.76 17 16,557.09 Axis Triple Advantage Fund 106 3,05,179.70 91 16,59,963.60 Axis Long Term Equity Fund 480 27,15,136.24 30 8,09,037.56 Axis Fixed Term Plan Series 63 (91 Days) 1 104.26 0 0.00 Axis Fixed Term Plan Series 59 (391 Days) 0 0.00 1 59,023.39 1,451 61,17,141.36 886 3,05,53,256.78 Note: The Amounts of Unclaimed Dividends and Redemptions which are pending for more than 3 months are considered as unclaimed. 6. Redressal of complaints received against Axis Mutual Funds during 2016-17 Please refer Annexure - 2 for the details on Redressal of Complaints received against Axis Mutual Fund during the financial year ended March 31, 2017. 7. Statutory Information a. The Sponsor is not responsible or liable for any loss resulting from the operation of the schemes of the Fund beyond their initial contribution (to the extent contributed) of ` 1,00,000/- for setting up the Fund, and such other accretions / additions to the same. b. The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments. c. Full Annual Report shall be disclosed on the website (www.axismf.com) and shall be available for inspection at the Head Office of the mutual fund. Present and prospective unit holder can obtain copy of the Trust Deed, the full Annual Report of the Fund / AMC at a price. ACKNOWLEDGEMENTS The Trustee Company thanks the unitholders of the Schemes for their overwhelming response and also thanks the Government of India, the Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI) and the Association of Mutual Funds in India (AMFI) for the guidance provided by them. The Trustee also appreciates the service provided by the Registrar and Transfer Agent, Fund Accountant, Custodian, Bankers, Distributors and Brokers. The guidance and services provided by the auditors and legal advisors and the sincerity and dedication of the employees of Axis AMC is also appreciated. For Axis Mutual Fund Trustee Limited sd/- sd/- Bapi Munshi Dr. T. C. Nair Director Director (DIN No. - 02470242) (DIN No. 02689698) Place: Mumbai Date : May 9, 2017 4
TRUSTEE REPORT (Contd.) Performance of the Scheme of Axis Mutual Fund for the period ended March 31, 2017 Annexure - 1 # Returns to Investors Inception/ AUM Returns Since Inception 1 year Return 3 years Return 5 years Return (` in NAV Name of the Scheme/ Benchmark Allotment Date crores) Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Return Returns Return Returns Return Returns Return Returns (%) (%) (%) (%) (%) (%) (%) (%) Axis Liquid Fund - Growth October 9, 2009 13,528.62 1798.0178 8.16% 7.75% 7.28% 7.11% 8.15% 8.04% 8.62% 8.36% Benchmark: CRISIL Liquid Fund Index Axis Liquid Fund - Retail Plan - Growth March 1, 2010 1716.8570 7.92% 8.03% 6.72% 7.11% 7.60% 8.04% 8.09% 8.36% Benchmark: CRISIL Liquid Fund Index Axis Liquid Fund - Direct Plan - Growth January 1, 2013 1803.2266 8.54% 8.38% 7.37% 7.11% 8.23% 8.04% NA NA Benchmark: CRISIL Liquid Fund Index Axis Treasury Advantage Fund Growth October 9, 2009 2,821.87 1816.0627 8.30% 7.75% 7.84% 7.11% 8.29% 8.04% 8.78% 8.36% Benchmark: CRISIL Liquid Fund Index Axis Treasury Advantage Fund - Direct Plan - Growth January 1, 2013 1846.1020 9.05% 8.38% 8.24% 7.11% 8.74% 8.04% NA NA Benchmark: CRISIL Liquid Fund Index Axis Treasury Advantage Fund - Retail Plan - Growth March 3, 2010 1707.1583 7.84% 8.02% 7.13% 7.11% 7.59% 8.04% 7.99% 8.36% Benchmark: CRISIL Liquid Fund Index Axis Long Term Equity Fund - Direct Plan - Growth January 1, 2013 12,418.49 36.2993 23.30% 12.22% 19.63% 22.47% 23.16% 14.17% NA NA Benchmark: S&P BSE 200 Axis Long Term Equity Fund - Growth December 29, 2009 34.5270 18.62% 8.73% 18.30% 22.47% 21.64% 14.17% 22.48% 13.08% Benchmark: S&P BSE 200 Axis Equity Fund - Direct Plan - Growth January 1, 2013 1,927.68 21.8639 14.77% 10.73% 15.72% 18.55% 14.15% 11.01% NA NA Benchmark: Nifty 50 Axis Equity Fund - Growth January 5, 2010 20.9139 10.73% 7.94% 14.64% 18.55% 12.91% 11.01% 15.08% 11.60% Benchmark: Nifty 50 Axis Short Term Fund - Direct Plan - Growth Option January 1, 2013 5,991.54 18.4013 9.48% 9.12% 9.65% 9.10% 9.83% 9.29% NA NA Axis Short Term Fund - Growth January 22, 2010 17.7802 8.33% 8.34% 8.90% 9.10% 8.95% 9.29% 8.92% 9.15% Axis Short Term Fund - Retail Plan - Growth March 2, 2010 17.5797 8.29% 8.44% 8.90% 9.10% 8.97% 9.29% 8.85% 9.15% Axis Income Saver - Direct Plan - Growth January 4, 2013 676.42 18.1839 10.80% 9.66% 9.71% 12.30% 12.02% 11.37% NA NA Axis Income Saver - Growth July 16, 2010 17.1563 8.37% 8.77% 8.17% 12.30% 10.28% 11.37% 9.46% 9.92% Axis Dynamic Bond Fund - Direct Plan - Growth Option January 1, 2013 338.55 17.7933 10.48% 9.39% 12.04% 11.09% 11.96% 11.26% NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Dynamic Bond Fund - Growth Option April 27, 2011 16.9134 9.26% 9.21% 11.03% 11.09% 10.62% 11.26% 9.36% 9.45% Benchmark: CRISIL Composite Bond Fund Index Axis Triple Advantage Fund - Direct Plan - Growth January 1, 2013 336.12 17.5687 7.86% 6.63% 11.59% 10.04% 9.92% 8.56% NA NA Benchmark: 35% Nifty 50 + 35% CRISIL Composite Bond Fund Index + 30% INR Price of Gold Axis Triple Advantage Fund - Growth August 23, 2010 16.7891 8.16% 8.10% 10.47% 10.04% 8.75% 8.56% 8.40% 7.51% Benchmark: 35% Nifty 50 + 35% CRISIL Composite Bond Fund Index + 30% INR Price of Gold Axis Gold ETF November 10, 2010 178.36 2595.9755 3.95% 4.11% -5.20% -1.61% -0.80% 1.16% -1.39% -1.07% Benchmark: Domestic Price of Gold Axis Midcap Fund - Direct Plan - Growth January 1, 2013 1,206.48 29.2613 19.59% 17.15% 21.92% 32.75% 23.78% 25.76% NA NA Benchmark: S&P BSE Midcap Axis Midcap Fund - Growth February 18, 2011 27.8100 18.20% 13.03% 20.55% 32.75% 22.12% 25.76% 21.27% 17.28% Benchmark: S&P BSE Midcap Axis Gold Fund - Direct Plan - Growth January 1, 2013 61.43 9.9257-3.29% -2.88% 0.84% -1.61% -2.18% 1.16% NA NA Benchmark: Domestic Price of Gold Axis Gold Fund - Growth October 20, 2011 9.3985-1.15% -0.11% -0.06% -1.61% -3.49% 1.16% -2.39% -1.07% Benchmark: Domestic Price of Gold Axis Capital Protection Oriented Fund - Series 5 - Growth * November 2, 2012 50.17 14.0626 8.04% 9.89% 7.86% 12.30% 6.66% 11.37% NA NA Axis Constant Maturity 10 Year Fund - Direct Plan - Growth Option January 1, 2013 87.17 14.9865 8.29% 8.26% 10.98% 11.87% 11.20% 11.41% NA NA Benchmark: Crisil 10-year Gilt Index Axis Constant Maturity 10 Year Fund - Growth Option January 23, 2012 14.6628 7.65% 8.26% 10.42% 11.87% 10.64% 11.41% 8.17% 8.79% Benchmark: Crisil 10-year Gilt Index 5
TRUSTEE REPORT (Contd.) Performance of the Scheme of Axis Mutual Fund for the period ended March 31, 2017 (Contd.) Annexure - 1 # Returns to Investors Inception/ AUM Returns Since Inception 1 year Return 3 years Return 5 years Return (` in NAV Name of the Scheme/ Benchmark Allotment Date crores) Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Return Returns Return Returns Return Returns Return Returns (%) (%) (%) (%) (%) (%) (%) (%) Axis Income Fund - Direct Plan - Growth January 1, 2013 242.86 16.3622 10.18% 9.32% 11.44% 11.09% 11.83% 11.26% NA NA Benchmark: Crisil Composite Bond Fund Index Axis Income Fund - Growth March 28, 2012 15.7456 9.48% 9.45% 10.68% 11.09% 10.73% 11.26% 9.49% 9.45% Benchmark: Crisil Composite Bond Fund Index Axis Banking & Psu Debt Fund - Direct Plan - Growth January 1, 2013 597.15 1508.2745 8.83% 9.12% 8.17% 9.10% 8.70% 9.29% NA NA Benchmark: CRISIL Short term Bond Fund Index Axis Banking & Psu Debt Fund - Growth June 8, 2012 1496.8533 8.74% 9.13% 7.98% 9.10% 8.51% 9.29% NA NA Benchmark: CRISIL Short term Bond Fund Index Axis Focused 25 Fund - Direct Plan - Growth January 1, 2013 1,185.65 22.2749 16.46% 10.73% 26.61% 18.55% 20.28% 11.01% NA NA Primary Benchmark: Nifty 50 Additional benchmark : S&P BSE 200 Axis Focused 25 Fund - Growth June 29, 2012 21.1596 17.07% 12.32% 25.13% 18.55% 18.72% 11.01% NA NA Primary Benchmark: Nifty 50 Additional benchmark : S&P BSE 200 Axis Hybrid Fund Series 5 (1346 DAYS) - Growth * July 25, 2013 8.92 12.4284 6.08% 11.00% 3.06% 12.30% 3.87% 11.37% NA NA Axis Hybrid Fund Series 5 (1346 DAYS) - Direct Plan - Growth * July 25, 2013 12.8716 7.09% 11.00% 4.04% 12.30% 4.86% 11.37% NA NA Axis Hybrid Fund Series 6 (1324 DAYS) - Growth * August 16, 2013 4.12 12.7886 7.02% 12.12% 4.30% 12.30% 4.34% 11.37% NA NA Axis Hybrid Fund Series 6 (1324 DAYS) - Direct Plan - Growth * August 16, 2013 13.2420 8.06% 12.12% 5.30% 12.30% 5.33% 11.37% NA NA Axis Hybrid Fund Series 7 (1305 DAYS) - Growth * September 5, 2013 4.80 12.7908 7.14% 11.55% 5.06% 12.30% 4.67% 11.37% NA NA Axis Hybrid Fund Series 7 (1305 DAYS) - Direct Plan - Growth * September 5, 2013 0.0000 NA NA NA NA NA NA NA NA Axis Small Cap Fund - Growth November 29, 2013 384.44 24.0608 30.10% 26.55% 26.37% 42.99% 28.51% 23.65% NA NA Benchmark: Nifty Smallcap 100 Axis Small Cap Fund Direct - Growth November 29, 2013 24.9703 31.55% 26.55% 27.72% 42.99% 29.95% 23.65% NA NA Benchmark: Nifty Smallcap 100 Axis Hybrid Fund - Series 8 (1279 Days) - Growth January 24, 2014 401.24 12.5219 7.32% 11.47% 11.28% 12.30% 6.70% 11.37% NA NA Axis Hybrid Fund - Series 8 (1279 Days) - Direct Plan - Growth January 24, 2014 12.9110 8.36% 11.47% 12.44% 12.30% 7.72% 11.37% NA NA Axis Hybrid Fund - Series 9 (1282 Days) - Growth February 13, 2014 352.38 12.5318 7.48% 12.04% 11.23% 12.30% 6.76% 11.37% NA NA Axis Hybrid Fund - Series 9 (1282 Days) - Direct Plan - Growth February 13, 2014 12.9114 8.51% 12.04% 12.39% 12.30% 7.78% 11.37% NA NA Axis Fixed Term Plan - Series 42 - Regular Plan - Growth October 30, 2013 16.18 13.0736 8.15% 9.32% 7.70% 9.10% 8.04% 9.29% NA NA Axis Fixed Term Plan - Series 42 - Direct Plan - Growth October 30, 2013 13.2574 8.60% 9.32% 8.12% 9.10% 8.49% 9.29% NA NA Axis Fixed Term Plan - Series 43 - Regular Plan - Growth December 10, 2013 22.26 12.9864 8.22% 9.40% 7.55% 9.10% 8.09% 9.29% NA NA Axis Fixed Term Plan - Series 43 - Direct Plan - Growth December 10, 2013 13.1704 8.68% 9.40% 7.99% 9.10% 8.55% 9.29% NA NA Axis Fixed Term Plan - Series 47 - Regular Plan - Growth January 15, 2014 88.19 12.8538 8.14% 9.35% 7.42% 9.10% 8.01% 9.29% NA NA Axis Fixed Term Plan - Series 47 - Direct Plan - Growth January 15, 2014 13.0496 8.65% 9.35% 7.91% 9.10% 8.52% 9.29% NA NA Axis Fixed Term Plan - Series 48 (3Yrs) - Regular Plan - Growth January 17, 2014 NA NA NA NA NA NA NA NA NA NA Axis Fixed Term Plan - Series 48 (3Yrs) - Direct Plan - Growth January 17, 2014 NA NA NA NA NA NA NA NA NA Axis Fixed Term Plan - Series 49 - Regular Plan - Growth February 3, 2014 50.11 12.9218 8.46% 9.41% 8.70% 9.10% 8.31% 9.29% NA NA Axis Fixed Term Plan - Series 49 - Direct Plan - Growth February 3, 2014 13.0701 8.85% 9.41% 8.93% 9.10% 8.69% 9.29% NA NA 6
TRUSTEE REPORT (Contd.) Performance of the Scheme of Axis Mutual Fund for the period ended March 31, 2017 (Contd.) Annexure - 1 # Returns to Investors Inception/ AUM Returns Since Inception 1 year Return 3 years Return 5 years Return (` in NAV Name of the Scheme/ Benchmark Allotment Date crores) Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Return Returns Return Returns Return Returns Return Returns (%) (%) (%) (%) (%) (%) (%) (%) Axis Fixed Term Plan - Series 52 - Regular Plan - Growth February 13, 2014 30.65 12.9413 8.59% 9.44% 8.90% 9.10% 8.46% 9.29% NA NA Axis Fixed Term Plan - Series 52 - Direct Plan - Growth February 13, 2014 13.0792 8.96% 9.44% 9.12% 9.10% 8.82% 9.29% NA NA Axis Fixed Term Plan - Series 53 (1150 Days) - Regular Plan - Growth February 12, 2014 35.16 13.0255 8.81% 11.38% 7.64% 11.09% 8.79% 11.26% NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 53 (1150 Days) - Direct Plan - Growth February 12, 2014 13.2310 9.35% 11.38% 8.12% 11.09% 9.34% 11.26% NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 61 (1122 Days) - Regular Plan - Growth March 20, 2014 27.34 12.9160 8.80% 11.35% 7.53% 11.09% 8.82% 11.26% NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 61 (1122 Days) - Direct Plan - Growth March 20, 2014 13.1221 9.37% 11.35% 8.08% 11.09% 9.39% 11.26% NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 64 - Regular Plan - Growth * April 27, 2014 8.55 12.7332 8.57% 9.30% 8.43% 9.10% NA NA NA NA Axis Fixed Term Plan - Series 64 - Direct Plan - Growth * April 27, 2014 12.9304 9.14% 9.30% 8.98% 9.10% NA NA NA NA Axis Fixed Term Plan - Series 67 (1218 Days) - Growth June 5, 2014 63.45 12.7318 8.94% 10.59% 8.56% 11.09% NA NA NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 67 (1218 Days) - Direct Plan - Growth June 5, 2014 13.0063 9.76% 10.59% 9.36% 11.09% NA NA NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 69 (3 Years) - Regular Plan - Growth August 1, 2014 28.37 12.5461 8.88% 9.21% 8.08% 9.10% NA NA NA NA Axis Fixed Term Plan - Series 69 (3 Years) - Direct Plan - Growth August 1, 2014 12.7567 9.56% 9.21% 8.74% 9.10% NA NA NA NA Axis Fixed Term Plan - Series 74 (1105 days) - Regular Plan - Growth March 25, 2015 35.51 11.8516 8.78% 9.76% 9.33% 11.09% NA NA NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Term Plan - Series 74 (1105 days) - Direct Plan - Growth March 25, 2015 11.8859 8.93% 9.76% 9.49% 11.09% NA NA NA NA Benchmark: CRISIL Composite Bond Fund Index Axis Fixed Income Opportunities Fund - Growth July 15, 2014 1,737.15 12.8215 9.60% 9.23% 9.02% 9.10% NA NA NA NA Axis Fixed Income Opportunities Fund -Direct Plan- Growth July 15, 2014 13.1920 10.75% 9.23% 10.44% 9.10% NA NA NA NA Axis Enhanced Arbitrage Fund Growth August 14, 2014 540.73 11.9206 6.91% 7.90% 6.42% 7.11% NA NA NA NA Benchmark: Crisil Liquid Fund Index Axis Enhanced Arbitrage Fund - Direct Growth August 14, 2014 12.1872 7.81% 7.90% 7.29% 7.11% NA NA NA NA Benchmark: Crisil Liquid Fund Index Axis Hybrid Fund - Series 11 (42 Months) - Growth May 9, 2014 222.84 11.8279 5.97% 11.17% 9.97% 12.30% NA NA NA NA Axis Hybrid Fund - Series 11 (42 Months) - Direct Plan - Growth May 9, 2014 12.1850 7.06% 11.17% 11.12% 12.30% NA NA NA NA Axis Hybrid Fund - Series 12 (1282 Days) - Growth May 27, 2014 302.06 11.7177 5.73% 10.64% 9.52% 12.30% NA NA NA NA Axis Hybrid Fund - Series 12 (1282 Days) - Direct Plan - Growth May 27, 2014 12.0668 6.82% 10.64% 10.66% 12.30% NA NA NA NA Axis Hybrid Fund - Series 13 (1275 Days) - Growth June 18, 2014 545.01 11.6019 5.48% 10.32% 9.03% 12.30% NA NA NA NA Axis Hybrid Fund - Series 13 (1275 Days) - Direct Plan - Growth June 18, 2014 11.9358 6.56% 10.32% 10.16% 12.30% NA NA NA NA Axis Hybrid Fund - Series 14 (1274 Days) - Growth September 2, 2014 525.57 11.1715 4.39% 10.25% 7.97% 12.30% NA NA NA NA Axis Hybrid Fund - Series 14 (1274 Days) - Direct Plan - Growth September 2, 2014 11.5535 5.76% 10.25% 9.15% 12.30% NA NA NA NA Axis Hybrid Fund - Series 15 (1275 Days) - Growth September 17, 2014 364.06 11.0817 4.13% 10.33% 7.79% 12.30% NA NA NA NA Axis Hybrid Fund - Series 15 (1275 Days) - Direct Plan - Growth September 17, 2014 11.3836 5.24% 10.33% 8.97% 12.30% NA NA NA NA 7
TRUSTEE REPORT (Contd.) Performance of the Scheme of Axis Mutual Fund for the period ended March 31, 2017 (Contd.) Annexure - 1 # Returns to Investors Inception/ AUM Returns Since Inception 1 year Return 3 years Return 5 years Return (` in NAV Name of the Scheme/ Benchmark Allotment Date crores) Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Return Returns Return Returns Return Returns Return Returns (%) (%) (%) (%) (%) (%) (%) (%) Axis Hybrid Fund - Series 18 (42 Months) - Growth January 19, 2015 523.63 10.5919 2.65% 8.67% 6.62% 12.30% NA NA NA NA Axis Hybrid Fund - Series 18 (42 Months) - Direct Plan - Growth January 19, 2015 10.8188 3.65% 8.67% 7.84% 12.30% NA NA NA NA Axis Hybrid Fund - Series 19 (42 Months) - Growth February 4, 2015 337.27 10.4460 2.05% 8.58% 6.08% 12.30% NA NA NA NA Axis Hybrid Fund - Series 19 (42 Months)- Direct Plan - Growth February 4, 2015 10.6686 3.05% 8.58% 7.29% 12.30% NA NA NA NA Axis Hybrid Fund - Series 22 (1278 Days) - Growth May 11, 2015 412.81 10.4326 2.27% 9.60% 7.30% 12.30% NA NA NA NA Axis Hybrid Fund - Series 22 (1278 Days) - Direct Plan - Growth May 11, 2015 10.6692 3.49% 9.60% 8.66% 12.30% NA NA NA NA Axis Hybrid Fund - Series 23 (1275 Days) - Growth May 28, 2015 375.63 10.4830 2.59% 9.50% 7.31% 12.30% NA NA NA NA Axis Hybrid Fund - Series 23 (1275 Days) - Direct Plan - Growth May 28, 2015 10.7154 3.82% 9.50% 8.68% 12.30% NA NA NA NA Axis Hybrid Fund - Series 24 (1276 Days) - Growth June 17, 2015 454.38 10.6121 3.38% 10.28% 7.99% 12.30% NA NA NA NA Axis Hybrid Fund - Series 24 (1276 Days)- Direct Plan - Growth June 17, 2015 10.8411 4.62% 10.28% 9.36% 12.30% NA NA NA NA Axis Hybrid Fund - Series 25 (1278 Days) - Growth August 25, 2015 173.55 10.7320 4.51% 10.58% 7.95% 12.30% NA NA NA NA Axis Hybrid Fund - Series 25 (1278 Days) - Direct Plan - Growth August 25, 2015 10.9407 5.78% 10.58% 9.33% 12.30% NA NA NA NA Axis Hybrid Fund - Series 26 (1276 Days) - Growth September 10, 2015 204.93 10.8345 5.29% 10.78% 8.18% 12.30% NA NA NA NA Axis Hybrid Fund - Series 26 (1276 Days) - Direct Plan - Growth September 10, 2015 11.0399 6.56% 10.78% 9.56% 12.30% NA NA NA NA Axis Hybrid Fund - Series 27 (1351 Days) - Growth October 29, 2015 295.35 10.6965 4.85% 10.00% 8.20% 12.30% NA NA NA NA Axis Hybrid Fund - Series 27 (1351 Days) - Direct Plan - Growth October 29, 2015 10.8833 6.13% 10.00% 9.57% 12.30% NA NA NA NA Axis Hybrid Fund - Series 28 (1331 Days) - Growth November 18, 2015 250.19 10.9634 6.96% 10.89% 8.11% 12.30% NA NA NA NA Axis Hybrid Fund - Series 28 (1331 Days) - Direct Plan - Growth November 18, 2015 11.1475 8.27% 10.89% 9.49% 12.30% NA NA NA NA Axis Hybrid Fund - Series 29 (1275 Days) - Growth February 1, 2016 97.85 11.3869 11.83% 12.46% 8.47% 12.30% NA NA NA NA Axis Hybrid Fund - Series 29 (1275 Days) - Direct Plan - Growth February 1, 2016 11.5527 13.23% 12.46% 9.85% 12.30% NA NA NA NA Axis Hybrid Fund - Series 30 (1297 Days) - Growth February 11, 2016 127.03 11.7950 15.67% 14.01% 9.46% 12.30% NA NA NA NA Axis Hybrid Fund - Series 30 (1297 Days) - Direct Plan - Growth February 11, 2016 11.9631 17.12% 14.01% 10.86% 12.30% NA NA NA NA Axis Hybrid Fund - Series 31 (1381 Days) - Growth ^ July 19, 2016 235.99 10.3556 3.56% 7.15% NA NA NA NA NA NA Axis Hybrid Fund - Series 31 (1381 Days) - Direct Plan - Growth ^ July 19, 2016 10.4835 4.83% 7.15% NA NA NA NA NA NA 8
TRUSTEE REPORT (Contd.) * Schemes got rolled over during the F.Y. 2016-17 ^ Schemes launched during the F.Y. 2016-17 # Past performance may or may not be sustained in the future. Returns greater than one year are compounded annualized (CAGR). Performance of the Scheme of Axis Mutual Fund for the period ended March 31, 2017 (Contd.) Annexure - 1 # Returns to Investors Inception/ AUM Returns Since Inception 1 year Return 3 years Return 5 years Return (` in NAV Name of the Scheme/ Benchmark Allotment Date crores) Scheme Benchmark Scheme Benchmark Scheme Benchmark Scheme Benchmark Return Returns Return Returns Return Returns Return Returns (%) (%) (%) (%) (%) (%) (%) (%) Axis Hybrid Fund - Series 32 (1367 Days) - Growth ^ August 9, 2016 347.88 10.2846 2.85% 5.62% NA NA NA NA NA NA Axis Hybrid Fund - Series 32 (1367 Days) - Direct Plan - Growth ^ August 9, 2016 10.3811 3.81% 5.62% NA NA NA NA NA NA Axis Hybrid Fund - Series 33 (1358 Days) - Growth ^ September 9, 2016 335.32 10.1314 1.31% 4.13% NA NA NA NA NA NA Axis Hybrid Fund - Series 33 (1358 Days) - Direct Plan - Growth ^ September 9, 2016 10.2336 2.34% 4.13% NA NA NA NA NA NA Axis Hybrid Fund - Series 35 (1359 Days) - Growth ^ December 1, 2016 184.69 10.5744 5.74% 1.18% NA NA NA NA NA NA Axis Hybrid Fund - Series 35 (1359 Days) - Direct Plan - Growth ^ December 1, 2016 10.6373 6.37% 1.18% NA NA NA NA NA NA Axis Emerging Opportunities Fund Series 1 (1400 Days) - Growth ^ December 29, 2016 506.47 10.5271 5.30% 18.41% NA NA NA NA NA NA Benchmark: Nifty Smallcap 100 Axis Emerging Opportunities Fund Series 1 (1400 Days) - December 29, 2016 10.5753 5.80% 18.41% NA NA NA NA NA NA Direct - Growth ^ Benchmark: Nifty Smallcap 100 Axis Emerging Opportunities Fund Series 2 (1400 Days) - Growth ^ February 27, 2017 1,083.83 10.2120 2.10% 4.16% NA NA NA NA NA NA Benchmark: Nifty Smallcap 100 Axis Emerging Opportunities Fund Series 2 (1400 Days) - February 27, 2017 10.2286 2.30% 4.16% NA NA NA NA NA NA Direct - Growth ^ Benchmark: Nifty Smallcap 100 Axis Childrens Gift Fund - Compulsory Lock-in - Direct Plan - Growth December 8, 2015 288.98 11.2850 9.65% 12.74% 12.27% 14.99% NA NA NA NA Benchmark: 50% Nifty 50 + 50% Crisil Composite Bond Fund Index Axis Childrens Gift Fund - Compulsory Lock-in - Regular Plan - Growth December 8, 2015 11.0567 7.94% 12.74% 10.48% 14.99% NA NA NA NA Benchmark: 50% Nifty 50 + 50% Crisil Composite Bond Fund Index Axis Childrens Gift Fund - No Lock-in - Direct Plan - Growth December 8, 2015 11.3436 10.08% 12.74% 12.65% 14.99% NA NA NA NA Benchmark: 50% Nifty 50 + 50% Crisil Composite Bond Fund Index Axis Childrens Gift Fund - No Lock-in - Regular Plan - Growth December 8, 2015 11.0554 7.93% 12.74% 10.47% 14.99% NA NA NA NA Benchmark: 50% Nifty 50 + 50% Crisil Composite Bond Fund Index Axis Equity Saver Fund - Growth August 14, 2015 742.93 10.9227 5.55% 9.59% 10.64% 12.30% NA NA NA NA Axis Equity Saver Fund - Direct Plan - Growth August 14, 2015 11.1468 6.91% 9.59% 12.06% 12.30% NA NA NA NA 9