Key Information Memorandum Cum Application...

Key Information Memorandum Cum Application Forms

Offer for units at applicable NAV based prices.

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the website www.axismf.com.

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.

Scheme Name This product is suitable for investors who are seeking*

AXIS EQUITY FUND (An open-ended growth scheme)

• Capital appreciation over long term

• Investment in a diversified portfolio predominantly consisting of equity and equity related instruments

• High risk (BROWN)

AXIS LONG TERM EQUITY FUND(An open-ended equity linked savings scheme with a 3 year lock-in)

• Capital appreciation & generating income over long term

• Investment in a diversified portfolio predominantly consisting of equity and equity related instruments


AXIS ENHANCED ARBITRAGE FUND(An open-ended arbitrage fund)

• Income over short to medium term

• Investment in arbitrage opportunities in the cash & derivatives segment of the equity market

• Medium risk (YELLOW)

AXIS BANKING DEBT FUND(An open-ended debt scheme)

• Regular income over short to medium term

• Investment in debt and money market instruments issued by banks

• Low risk (BLUE)

AXIS DYNAMIC BOND FUND(An open-ended debt fund)

• 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

• Low risk (BLUE)

AXIS CONSTANT MATURITY 10 YEAR FUND(An open ended Gilt scheme)

• Credit risk free returns over medium to long term

• Investment mainly in Government securities to generate returns similar to that of 10 year government bonds

• Low risk (BLUE)

AXIS INCOME FUND(An open-ended debt scheme)

• Optimal returns over medium term

• Investment in diversified portfolio of high quality debt and money market securities to generate optimal risk adjusted returns while maintaining liquidity

• Low risk (BLUE)

AXIS TREASURY ADVANTAGE FUND(An open-ended debt scheme)

• Regular income over short term

• Investment in debt and money market instruments

• Low risk (BLUE)

AXIS SHORT TERM FUND(An open-ended debt scheme)

• Regular income while maintaining liquidity over short to medium term


• Low risk (BLUE)

AXIS FIXED INCOME OPPORTUNITIES FUND(an Open-ended Debt Scheme)

• Stable returns in the short to medium term

• Investment in debt and money market instruments across the yield curve and credit spectrum.

• Low risk (BLUE)

AXIS LIQUID FUND(An open-ended liquid scheme)

• Regular income over short term


• Low risk (BLUE)

AXIS GOLD FUND(An open-ended fund of fund scheme)

• Capital Appreciation over medium to long term

• Investments predominantly in Axis Gold ETF in order to generate returns similar to the underlying fund, subject to tracking error


*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk

(YELLOW) investors understand that their principal will be at medium risk

(BROWN) investors understand that their principal will be at high risk

Scheme Name This product is suitable for investors who are seeking*

AXIS INCOME SAVER(An open ended income fund)

• Capital appreciation while generating income over medium to long term

• Investment in debt and money market instruments as well as equity and equity related instruments while managing risk through active asset allocation


AXIS TRIPLE ADVANTAGE FUND(An open ended hybrid fund)

• 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 MIDCAP FUND(An open-ended equity scheme)


• Investing predominantly in equity & equity related instruments of mid size companies with focus on relatively larger companies within this category


AXIS FOCUSED 25 FUND(An open-ended equity scheme)


• Investment in a concentrated portfolio of equity & equity related instruments of up to 25 companies


Registered Office: Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025.

This document is dated : November 27, 2014

Investment Manager: Axis Asset Management Company Limited

Sponsor:

Axis Bank Ltd.

Trustee:

Axis Mutual Fund Trustee Limited

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.

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.

Investment objective

Type of Instrument Normal Allocation(% of net assets)

#Equity and Equity Related Instruments 80% - 100% #Debt and Money Market Instruments* 0% - 20%

#Including derivatives instruments to the extent of 100% of the net assets

*Investment in securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 20% of the net assets of the Scheme.

Investment in foreign securities shall not exceed 40% of the net assets of the Scheme.


#Equity and Equity Related Instruments 80% - 100%

Debt and Money Market Instruments^ 0% - 20%

^Includes Investment in securitized Debt up to 20% of the net assets of the Scheme (as and when permitted). The Scheme will not invest in foreign securitized debt.

Investment in foreign securities shall not exceed 40% of the net assets of the Scheme (as and when permitted).#Including derivatives instruments to the extent of 100% of the net assets of the scheme (as and when permitted).

Asset allocation pattern of the scheme

Differentiation with existing open ended equity schemes of Axis Mutual Fund (as on October 31, 2014)

For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 22 & 23.

Investment strategy The Fund will actively manage a diversified portfolio of strong growth companies with sustainable business models, whilst managing risk. The Fund will have the flexibility to invest across the market capitalization (i.e. large, mid and small cap companies) spectrum and industries / sectors.

The companies would be individually researched and selected only when the fund management team has satisfied itself on robustness of the company’s business model, sustainability of its competitive advantage and the credibility of its top management team.

The Fund will invest in a diversified portfolio of strong growth companies with sustainable business models. Though the benchmark is BSE-200, the investments will not be limited to the companies constituting the benchmark. The Fund will have the flexibility to invest across the market capitalization spectrum (i.e. large, mid and small cap companies) and across industries/ sectors.


The Fund will endeavor that the corpus of the scheme remains fully invested in equity and equity-related instruments at all times.

Mutual Fund units involve investment risks including the possible loss of principal. Please read the Scheme Information Document (SID) carefully for details on risk factors before investment.

Scheme specific Risk Factors are summarized below:

The scheme carries risks associated with investing in equity and equity related securities, derivatives, foreign securities, debt securities, securitized debt, money market instruments, short selling and securities lending.

Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity and debt investments. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.

Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. to the extent of the Scheme’s investments in such securities. Please refer to the SID for further details.




Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity and debt investments. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.


Due to the lock-in requirements under ELSS Guidelines, the ability of investors to realize returns is restricted for the first three years.

Risk profile of the scheme

AXIS EQUITY FUND (An open-ended growth scheme) Name of scheme AXIS LONG TERM EQUITY FUND (An open-ended equity linked savings scheme with a 3 year lock-in)

2 KEY INFORMATION MEMORANDUM

The Fund, by utilizing a holistic risk management strategy, will endeavor to manage risks associated with investing in equity markets. The risk control process involves identifying & measuring the risk through various risk measurement tools.

The Fund has identified following risks of investing in equities and designed risk management strategies, which are embedded in the investment process to manage such risks.

Risk & description specific to equities Risk mitigants/ Management strategy

Quality risk - Risk of investing in unsustainable/ weak companies Investment universe carefully selected to only include high quality businesses

Price risk - Risk of overpaying for a company “Fair value” based investment a approach supported by comprehensive research

Concentration risk Invest across the market capitalization spectrum and industries/ sectors

Liquidity risk - High impact costs Control portfolio liquidity at portfolio construction stage

Volatility - Price volatility due to company or portfolio specific factors Control risk class/ sector/ stock exposures to control overall portfolio volatility

Event risk - Price risk due to company or sector specific event Understand businesses to respond effectively and speedily to events

Usage of derivatives: Hedge portfolios, if required, in case of predictable events with uncertain outcomes

Risk management strategies

Plans: Axis Equity Fund (existing plan) & Axis Equity Fund - Direct Plan(Portfolio will be common for the above Plans)

Options: Growth and Dividend (Payout and Reinvestment)

Default Plan: Axis Equity Fund - Direct Plan

Default Option: Growth; Default Sub-Option: Reinvestment

Plans and options Plans: Axis Long Term Equity Fund (existing plan) & Axis Long Term Equity Fund - Direct Plan (Portfolio will be common for the above Plans)


Default Plan: Axis Long Term Equity Fund - Direct Plan


Note: Direct Plan is for investors who purchase /subscribe units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under the Direct Plan.

Please refer to point no. 1 on page no. 21Applicable NAV

` 5,000 and in multiples of ` 1 thereafter

` 100 and in multiples of ` 1 thereafter

Minimum Redemption/ Switch - ` 1,000 or 100 units in respect of each option

Purchase Additional Purchase Repurchase



Minimum Redemption/ Switch - ` 500 or 50 units in respect of each option

Purchase Additional Purchase RepurchaseMinimum application and redemption amount/ number of units

KEY INFORMATION MEMORANDUM 3

Minimum application amount through SIP - ̀ 1,000 per month

Minimum number of installments - 30

For details of investment/transaction through SIP/SWP facility please refer to the SID.

Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.

Minimum application and redemption amount/ number of units (contd.)

Minimum application amount through SIP - ̀ 500 per month

Minimum number of installments - 30

Redemption of units can be made only after 3 year of lock-in-period from the date of allotment of the units proposed to be redeemed.

For details of investment through Systematic Investment Plan (SIP) facility please refer to the SID.

Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.

CNX Nifty S&P BSE 200

Despatch of repurchase (redemption) request

Benchmark index

Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund.

The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the unit holders as to the rate of dividend nor that the dividend will be paid regularly.

Dividend policy

Mr. Pankaj MurarkaName of fund manager Mr. Jinesh Gopani

Axis Mutual Fund Trustee LimitedName of the trustee company

Performance of the scheme (as on October 31, 2014)

*Inception to March 31, 2010

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs.

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs.

Absolute returns for the past 5 financial years.

Returns Since Inception 22.86% 9.63%

Axis Long TermEquity Fund S&P BSE 200

1 year returns 67.84% 36.21%

3 year returns 28.98% 16.30%

Date of Allotment - December 29, 2009

1 year returns 70.26% 36.21%

Axis Long Term Equity Fund - Direct Plan S&P BSE 200


Axis Equity Fund CNX Nifty

1 year returns 37.93% 32.12%



Axis Equity Fund - Direct Plan

CNX Nifty (Benchmark)

3 year returns

Date of Allotment - January 5, 2010

Returns Since Inception

Axis Equity Fund - Direct Plan

CNX Nifty

27.50% 20.11%

21.76% 16.02%

2009-2010*

4.00%

-0.55%

2012-2013

-0.33%

-4.51%

2011-2012

-4.37%

-6.53%

2012-2013

17.10%

7.31%

2009-2010*

8.47%

1.17%

2010-2011

14.54%

8.15%

2011-2012

-0.45%

-7.63%

2012-2013

13.14%

6.03%

Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was introduced on January 1, 2013.


2010-2011

6.06%

11.14%

Axis Equity Fund - GrowthCNX Nifty (Benchmark)

S&P BSE 200 (Benchmark)

Axis Long Term Equity Fund -Growth

2013-2014

19.80%

17.98%

2013-2014

21.00%

17.98%

2013-2014

35.40%

17.19%

S&P BSE 200 (Benchmark)

Axis Long Term Equity Fund - Direct Plan

2012-2013

-4.80%

-6.47%



2013-2014

36.76%

17.19%

1 year returns 39.50% 32.12%


Entry load : NA

Exit load : 1% if units are redeemed/switched out within 12 months from the date of allotment

Entry load : NA

Exit load : Nil

Expenses of the scheme (i) Load structure

No load will be charged on the units allotted on reinvestment of dividends.

The above mentioned load structure shall be equally applicable to the special products such as SIP, switches, STP and SWP (only for Axis Equity Fund) etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.

Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme. However, for switches between equity schemes, load will be charged by the AMC.

In case of Axis Long Term Equity Fund, an open ended equity linked savings scheme with a 3 year lock-in, unit holders will not be able to switch from Existing Plan to Direct Plan, their investments fully or in part for a period of 3 years from the date of allotment of units.

Entire exit load (net of service tax) charged, if any, shall be credited to the scheme.

SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has decided that there shall be no entry load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder.

The Trustee / AMC reserve the right to change/ modify the Load Structure from a prospective date.

(ii) Recurring expenses The recurring expenses as a % of daily net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows:

On the first ̀ 100 crores - 2.50%; On the next ̀ 300 crores - 2.25%; On the next ̀ 300 crores - 2.00%; On the balance of assets - 1.75%.

Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc and no commission for distribution of units will be paid / charged under Direct Plan.

In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [‘SEBI Regulations’] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the scheme namely;

(a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis.

Expenses charged under this clause shall be utilized for distribution expenses incurred for bringing inflows from such cities.

(b) additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the scheme;

(c) service tax payable on investment and advisory service fees (‘AMC fees’) charged by Axis Asset Management Company Limited (‘Axis AMC');

Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions.

Within the Total Expense Limit chargeable to the scheme, following will be charged to the Scheme:

(a) Service Tax on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme

(b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme.

Actual expense for the financial year ended March 31, 2014 - 2.72% (audited) Actual expense for the financial year ended March 31, 2014 - 2.78% (audited)


Please refer to point no. 2 on page no. 21Transaction charges

Not applicableWaiver of load for direct applications

Please refer to point no. 3 on page no. 21Tax treatment for unit holders

Please refer to point no. 4 on page no. 21Daily Net Asset Value (NAV) publication

Please refer to point no. 5 on page no. 21For investor grievances please contact

Please refer to point no. 6 on page no. 21Unit holder’s information

AXIS INCOME SAVER (An open ended income fund)

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. It also aims to manage risk through active asset allocation.

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.



#Debt* and money market instruments 65% - 99%#Equity and Equity related instruments 1% - 35%

*Includes securitized debt (excluding foreign securitized debt) up to 65% of the net assets of the Scheme. # Includes derivative instruments to the extent of 100% of the net assets of the scheme.

The Scheme can invest up to 50% of net assets in foreign securities.thIn accordance with SEBI Circular No. CIR/IMD/DF/214/2012 dated 13th September,19

November, 2012:-

Total exposure of debt schemes of mutual funds in a particular sector (excluding investments in Bank CDs, CBLO, G-Secs, TBills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the scheme;

Additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only;

Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB) and the total investment/ exposure in HFCs shall not exceed 30% of the net assets of the scheme.


# Equity and Equity Related Instruments 30% - 40%

#Debt and Money Market Instruments* 30% - 40%

Gold Exchange Traded Funds 20% - 30%

*Investment in securitized debt (excluding foreign securitized debt) - Up to 40% of the net assets of the Scheme.#Including derivatives instruments to the extent of 80% of the net assets of the Scheme.

Investment in foreign securities - Up to 50% of the net assets of the Scheme.


Under normal circumstances, the asset allocation pattern will be:

Name of scheme

Risk profile of the scheme Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below:

The Scheme carries risks associated with investing in equity and equity related securities, derivatives, debt and money market securities, foreign securities, securitized debt, short selling and securities lending.

Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/ policies of the government, taxation laws and political, economic or other developments.

Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Equity and equity related instruments are volatile by nature.

The name of the Scheme should in no way be construed as a guarantee or assurance of returns or capital invested in the scheme.

Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below:

The Scheme carries risks associated with investing in equities, fixed income instruments, derivatives, foreign securities, securitized debt, gold Exchange Traded Funds, short selling and securities lending.

Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.

Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Equity and equity related instruments are volatile by nature. Investments in gold Exchange Traded Funds are subject to market risk, risks associated with investment in physical gold, liquidity risk, counterparty risk, etc. Please refer to the SID for further details.

The scheme seeks to provide superior risk adjusted returns through diversification across various asset classes such as equity, fixed income & gold that have historically shown low correlation with each other.

The Scheme has dual objectives of generating income and capital gains while attempting to manage the risk from the market. In order to achieve the twin objectives, the Scheme intends to follow a top-down and bottom-up investment strategy. The top-down process would lead to the asset-allocation between equities and fixed income and the bottom-up process would lead to construction of the portfolio using specific securities.

The Scheme would invest both in equities and fixed income instruments. Allocation between the two asset classes will be done using a quantitative asset allocation methodology. This methodology will be the primary tool to manage the overall risk of the portfolio in such a way as to achieve the objective of managing risk. The quantitative tool has been simulated with a target of limiting the downside to 5% in a calendar year. Within equities and fixed income, the portfolio would be actively managed to optimize returns within the respective asset class.

Investment strategy

Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31 , 2014)

Axis Triple Advantage Fund, an open ended hybrid fund is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. Further, the existing products of Axis Mutual Fund are either debt, liquid or equity funds and hence the 'hybrid fund' under consideration cannot be compared with any other existing schemes.

Axis Income Saver, an open ended income fund is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/ product of Axis Mutual Fund.

For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 23 to 25.

Risk management strategies The Scheme aims to manage the risk using a quantitative asset allocation methodology to decide the allocation between equity and fixed income securities.

The investment team of the AMC will carry out rigorous in-depth credit evaluation of the money market and debt instruments (other than GSecs) proposed to be invested in. The credit evaluation will essentially be a bottom-up approach and include a study of the operating environment of the issuer, the past track record as well as the future prospects of the issuer and the short term/ long term financial health of the issuer.

With respect to the equity component, the Scheme would invest in a diversified portfolio of equity and equity related securities which would help alleviate the sector/ market capitalization related concentration risk.

The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market and debt instruments (other than GSecs) proposed to be invested in. The credit evaluation will essentially be a bottom-up approach and include a study of the operating environment, past track record, future prospects and the financial health of the issuer.

With respect to the equity component, the Scheme would invest in a diversified portfolio of equity and equity related securities which would help alleviate the sector/market capitalization related concentration risk.

The AMC has experienced investment professionals to help limit investment universe to carefully selected high quality businesses.


Risk management strategies (contd.)

The AMC has experienced investment professionals to help limit investment universe to carefully selected high quality businesses.

The AMC would incorporate adequate safeguards for controlling risks in the portfolio construction process, which would be periodically evaluated. The Scheme will also use derivatives and other hedging instruments, as may be permitted by SEBI and RBI, from time to time, in order to protect the value of the portfolio. The risk control process involves identifying & measuring the risk through various Risk Measurement Tools.

The AMC would incorporate adequate safeguards for controlling risks in the portfolio construction process. These would be periodically evaluated. The Scheme will also use derivatives and other hedging instruments, as may be permitted by SEBI and RBI, from time to time, to protect the value of the portfolio. The risk control process involves identifying & measuring risks through various risk measurement tools.

For portfolio diversification, the Scheme will also invest in gold ETFs as gold, historically, has shown a low correlation to other asset classes like equity & debt.

Plans: Axis Triple Advantage Fund (existing plan) & Axis Triple Advantage Fund - Direct Plan (Portfolio will be common for the above Plans)

Options: Growth and Dividend (Payout & Reinvestment)

Default Plan: Axis Triple Advantage Fund - Direct Plan

Default Option: Growth;

Default Sub Option: Reinvestment

Plans: Axis Income Saver (existing plan) & Axis Income Saver - Direct Plan (Portfolio will be common for the above Plans)

Options: Growth and Dividend (Payout & Reinvestment)

Default Plan: Axis Income Saver - Direct Plan

Sub Options: The Dividend Option would provide the following sub options: Quarterly; Half Yearly; Annual;

If dividend payable under Dividend Payout option is equal to or less than ` 500 then the dividend would be compulsorily reinvested in the option of the Scheme.

Default Option: Growth; Default Sub Option: Reinvestment;

Default Dividend frequency: Quarterly Dividend

Plans and options


Please refer to point no. 1 on Page no.21Applicable NAV

Purchase RepurchaseMinimum application and redemptionamount/ number of units

` 5,000 and in multiples of `1 thereafter

Additional Purchase

` 100 and in multiples of ` 1 thereafter Minimum Redemption - ` 1,000 or 100 units or account balance whichever is lower in respect of each option

For details of investment/transaction through SIP/STP/SWP facility please refer to the SID. Minimum application amount through SIP - ` 1,000 per month; Minimum number of installments - 30. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.

Dividend policy The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. For Axis Income Saver the Trustee will endeavor to declare the dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the unit holders as to the rate of dividend nor is there an assurance that dividend will be paid regularly.

Benchmark index CRISIL MIP Blended Fund Index 35% CNX Nifty +35% Crisil Composite Bond Fund Index +30% INR Price of Gold



Name of the trustee company Axis Mutual Fund Trustee Limited

Name of fund manager Mr Kedar Karnik and Mr Jinesh Gopani Mr R. Sivakumar and Mr Sudhanshu Asthana

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs.

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year & compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs.

^35% CNX Nifty +35% Crisil Composite Bond Fund Index +30% INR Price of Gold (Benchmark)CRISIL MIP Blended

Fund Index (Benchmark)

Axis Income Saver - Direct Plan


Axis Income SaverCRISIL MIP Blended

Fund Index

11.53% 9.96%

Axis Triple Advantage Fund Benchmark^

9.52% 7.52%


2010-2011*

3.64%

4.09%

2010-2011*

3.45%

6.75%

Axis Triple Advantage Fund - Direct Plan

19.38% 14.68% 12.12% 10.72%

2011-2012

4.33%6.54%

2011-2012

9.86% 8.68%

2012-2013

7.26%

9.06%

2012-2013

9.88%

6.92%

1 year returns


Date of Allotment - July 16, 2010

1 year returns

Axis Income Saver - Direct Plan

21.41% 14.68%

CRISIL MIP Blended Fund Index


1 year returns


Date of Allotment - August 23, 2010

1 year returns 13.63% 10.72%

Axis Triple Advantage Fund - Direct Plan Benchmark^

2012-2013*

-0.42%

0.43% 2012-2013

-2.74%

-2.27% Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was introduced on January 1, 2013.


Absolute returns for the past 2 financial years. Absolute returns for the past 2 financial years.

CRISIL MIP Blended Fund Index (Benchmark) Axis Income Saver - Growth

^35% CNX Nifty +35% Crisil Composite Bond Fund Index +30% INR Price of Gold (Benchmark)

Axis Triple Advantage Fund - Growth

2013-2014

9.16%

6.43%

2013-2014

10.22%

6.43%

2013-2014

5.92%5.02%

2013-2014

6.73%

5.02%

9.20% 8.30% 9.11% 8.74%Returns Since Inception Returns Since Inception

3 years returns 3 years returns

Returns Since Inception 13.94% 9.72% Returns Since Inception 8.35% 6.15%

Expenses of the scheme (i) Load structure(applicable to SIP/STP/SWP and switches)

No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.




The Trustee/ AMC reserves the right to change/ modify the Load structure from a prospective date.

Entry Load : NA

Exit Load : 1% if the investment is redeemed / switched out within 12 months from the date of allotment.

Entry Load : NA

Exit Load : 3% if redeemed / switched - out within 1 year from date of allotment. 2% if redeemed / switched - out after 1 year and upto 2 years from the date of allotment. 1% if redeemed / switched - out after 2 years and upto 3 years from the date of allotment.



On the first ` 100 crores - 2.25%; On the next ` 300 crores - 2.00%; On the next ` 300 crores - 1.75%; On the balance of assets - 1.50%.

On the first ` 100 crores - 2.50%; On the next ` 300 crores - 2.25%; On the next ` 300 crores - 2.00%; On the balance of assets - 1.75%.

















Please refer to point no. 6 on page no.21Unit holder’s information

AXIS MIDCAP FUND (An open-ended equity scheme) AXIS FOCUSED 25 FUND (An open-ended equity scheme)Name of scheme

To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category.

To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.



Equity and Equity Related Instruments of 75% - 100%Mid - Cap companies #

Equity and Equity Related Instruments of 0% - 25%Non Mid - Cap Companies#

Debt and Money Market Instruments *# 0% - 25%#Including derivatives instruments to the extent of 100% of the net assets.

*Investment in securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 20% of the net assets of the Scheme.

Investment in foreign securities to the extent of 40% of the net assets of the scheme.

Axis Midcap Fund, an open ended equity scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund.


Equity and Equity Related Instruments #(of not exceeding 25 companies) 65% - 100%

Of which:

Companies among the top 200 in terms of market capitalization - 90% - 100%

Other equities - 0 - 10%#Debt and Money Market Instruments* 0 - 35%

*Investment in Securitized debt (excluding foreign securitized debt) - Up to 20% of the net assets of the Scheme# Including derivatives instruments to the extent of 50% of the net assets of the Scheme.

Investment in foreign securities - Up to 10% of the net assets of the Scheme.

Axis Focused 25 Fund; an open ended equity scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund.


Under normal circumstances, the asset allocation pattern will be:

Differentiation with existing open ended equity schemes of Axis Mutual Fund (as on October 31, 2014)


The scheme seeks to generate capital appreciation through an actively managed diversified portfolio of primarily larger Midcap companies. Larger Midcap companies combine the flexible, innovative, high-growth features of mid and small size companies with the proven management and liquidity of larger companies. The Fund intends to benefit from this “best of both worlds” characteristic of larger Midcap companies. The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective.

The scheme aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. In order to have a concentrated portfolio, the scheme will follow a bottom up stock selection approach.

The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. The AMC employs a "Fair value" based research process to analyse the appreciation potential of each stock in its universe (Fair value is a measure of the intrinsic worth of a company). The universe of stocks is carefully selected to include companies having a robust business models and enjoying sustainable competitive advantages as compared to their competitors.

While 65 - 100% of the corpus will be invested in equities (no less than 20 companies and up to 25 companies), it is expected that under normal market conditions at least 80% of the corpus will be invested in equities (no less than 20 companies and up to 25 companies). The Scheme will primarily invest in companies among the top 200 in terms of market cap.

Investment strategy

Risk profile of thescheme


Scheme specific risk factors are summarized below:


Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity

Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific risk factors are summarized below:

The scheme carries risks associated with investing in equities, fixed income instruments, derivatives, foreign securities, securitized debt, short selling and securities lending.

Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.


Risk control would include managing risk in order to keep it in line with the investment objective of the Scheme. The AMC has incorporated adequate safeguards to manage risk in the portfolio construction process. The risk control process involves identifying & measuring the risk through various Risk Measurement Tools. Further, the AMC has implemented the Bloomberg Portfolio Management System as Front Office System (FOS) for managing risk. The system has inbuilt features which enables the Fund Manager calculate various risk ratios and analyze the same.

The AMC has experienced investment professionals to help limit investment universe to carefully selected high quality businesses. The fund manager would also consider hedging the portfolios in case of predictable events with uncertain outcomes.

Risk management strategies Following are certain risks of investing in equities identified and risk management strategies designed by Axis Mutual Fund

Risk & description specific to equities Risk mitigants/ Management strategy

Quality risk- Risk of investing in Investment universe carefully selected tounsustainable/weak companies only include high quality businesses

Price risk- Risk of overpaying for a company “Fair value” based investment approach supported by comprehensive research

Liquidity risk- High impact costs Control portfolio liquidity at portfolio construction stage

Volatility- Price volatility due to company or Control risk class/sector/stock exposuresportfolio specific factors to control overall portfolio volatility

Event risk- Price risk due to company or Understand businesses to respond sector specific event effectively and speedily to events

Usage of derivatives: Hedge portfolios, if required, in case of predictable events with uncertain outcomes

Mid & small size companies may be more volatile & less liquid than larger companies.

The scheme will try to lower the risk by primarily investing in larger Midcap companies which combine the high growth features of mid and small size companies with the proven management and liquidity of larger companies.


Plans: Axis Midcap Fund (existing plan) & Axis Midcap Fund - Direct Plan (Portfolio will be common for the above Plans)


Default Plan: Axis Midcap Fund - Direct Plan


Plans and options Plans: Axis Focused 25 Fund (existing plan) & Axis Focused 25 Fund - Direct Plan (Portfolio will be common for the above Plans)


Default Plan: Axis Focused 25 Fund - Direct Plan


Applicable NAV Please refer to point no. 1 on Page 21

Minimum application and redemption amount/ number of units

Fresh Purchase Additional Purchase Redemption

` 5,000 and in multiples of ̀ 1 thereafter ` 100 and in multiples of ̀ 1 thereafter ` 1,000 or 100 units or account balance whichever is lower

For details on investments/ withdrawals through Systematic Investment Plan (SIP), Systematic Withdrawal Plan(SWP) and Systematic Transfer Plan (STP) facilities, please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.



S&P BSE Midcap Index Primary benchmark: CNX NiftyAdditional benchmark : S&P BSE 200

Benchmark index

Dividend policy The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the unit holders as to the rate of dividend nor is there an assurance that dividend will be paid regularly.

Name of fund manager Mr. Pankaj Murarka Mr. Sudhanshu Asthana

Name of the trustee company Axis Mutual Fund Trustee Limited

Risk profile of thescheme (contd.)

and debt investments. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.

Mid & small size companies may be more volatile & less liquid than larger companies.


Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc.

As the scheme will invest in limited number of companies it will have a less diversified portfolio. This relatively higher concentration may lead to a higher level of volatility as compared to a diversified equity fund.


1 year returns


Date of Allotment - February 18, 2011

2010-2011*

2.40%

3.18%

2011-2012

1.15%

-10.22%


Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs.

15.30%

-3.22%

2012-2013

Axis Midcap Fund S&P BSE Midcap

79.06% 61.03%

31.42% 16.00%

1 year returns 82.00% 61.03%

Axis Midcap Fund - Direct Plan

S&P BSE Midcap

2012-2013

-14.66%

-10.66%



2012-2013

12.80%7.65%

Date of Allotment - June 29, 2012

1 year returns 32.74% 32.12%

Axis Focused 25 Fund - Direct Plan


S&P BSE Midcap (Benchmark)

Axis Midcap Fund - Direct Plan


Axis Focused25 Fund

CNX Nifty

31.41% 36.21%1 year returns

S&P BSE 200

32.12%

CNX Nifty (Benchmark)

Axis Focused 25 Fund - Growth

S&P BSE 200 (Additional Benchmark)

7.01%

CNX Nifty

36.21%

S&P BSE 200

S&P BSE Midcap (Benchmark)

Axis Midcap Fund - Growth

2013-2014

24.98%

8.15%

2013-2014

26.08%

15.32%

2013-2014

12.06%

17.98%17.19%

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs.

2012-2013

-4.51%

-3.17%


Inception to March 31, 2013, Since inception returns are calculated form January 1, 2013 and Direct plan was introduced on January 1, 2013.-6.47%

CNX Nifty (Benchmark)Axis Focused 25 Fund - Direct Plan

S&P BSE 200 (Additional Benchmark)

2013-2014

13.29%

17.98%17.19%


22.18% 21.81%Returns Since Inception 21.48%3 years returns

Returns Since Inception 33.59% 18.60% Returns Since Inception 20.09% 20.11% 19.56%














Expenses of the scheme (i) Load structure (also applicable to SIP/ STP/SWP and switches)

Entry load : Not Applicable

Exit load : 1% if redeemed / switched out within 12 months from the date of allotment.

No exit load will be charged for switches between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.










Please refer to point no. 6 on page no. 21Unit holder’s information

Entry load : Not Applicable

Exit load : 2% if redeemed / switched - out within 2 years from the date of allotment.


Name of scheme (An open-ended arbitrage fund)

Investment objective To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Asset allocation pattern Under normal circumstances, the asset allocation pattern will be:

Instruments Indicative Allocation (% of net assets) Risk Profile

Minimum Maximum Low/Medium/High

Equities, equity related instruments (unhedged)* 0 10 High

Equities, equity related instruments and derivatives including index futures, stock futures, 65 90 Medium to Highindex options, & stock options, etc. as part of hedged / arbitrage exposure*

Debt and Money market instruments** (including investments in securitized debt) 10 35 Low to medium

** including securitized debt up to 35%. The Scheme will not invest in foreign securitized debt.

*Equity allocation is measured as the Gross exposure to equities, equity related instruments and derivatives. The scheme will enter into derivatives transactions for hedging. The derivative positions will be hedged against corresponding positions in either equity or derivative markets depending on the strategies involved and execution costs. On the total portfolio level the scheme does not intend to take a net short exposure to equity markets. Unhedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 10% of the net assets.

The margin money deployed on derivative positions would be included in the debt and money market instruments category.

In accordance with SEBI Circular No. CIR/IMD/DF/21/2012 dated 13th September, 2012, the total exposure in a particular sector (excluding investments in Bank CDs, CBLO, Government Securities, T-Bills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the Scheme.

Provided that an additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only. Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NBH) and the total Investment/exposure in HFCs shall not exceed 30% of the net assets of the scheme

The option premium shall be for the purpose of exposure to derivative instruments which shall be restricted to long call options. In such cases, the total exposure related to option premium paid shall not exceed 20% of the net assets of the scheme. Moreover, this upper limit of 20%, for investments in options premium, if any, shall be applicable only at the time of investment. If due to market actions the value of options appreciates/ depreciates resulting in breach of the limit of 20%, the fund manager may or may not rebalance the portfolio and may run with the ongoing exposure. However, if the fund manager sells the option before expiry of the contract, the reinvestment, if any, would be subject to the maximum 20% limit on options premium.

The Scheme may also use fixed income derivative instruments subject to the guidelines as maybe issued by SEBI and RBI and for such purposes as maybe permitted from time to time.

The Scheme shall not carry out Short Selling and securities lending and borrowing.

The Scheme retains the flexibility to invest across all the securities in the equity, debt and Money Markets Instruments and mutual fund units. The portfolio may hold cash depending on the market condition.

Subject to the Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute. These proportions can vary substantially depending upon the perception of the fund manager; the intention being at all times to seek to protect the interests of the Unit holders. Such changes in the investment pattern will be for short term and for defensive considerations only. In the event of deviations, the fund manager will carry out rebalancing within 30 Days. Where the portfolio is not rebalanced within 30 Days, justification for the same shall be placed before the Investment Review Committee and reasons for the same shall be recorded in writing. The Investment Review committee shall then decide on the course of action. However, at all times the portfolio will adhere to the overall investment objectives of the Scheme.

AXIS ENHANCED ARBITRAGE FUND

Differentiation with existing For comparison of Existing Schemes, Investment Objective, Asset Under Management (AUM) and number of folios, please refer to point no. 7 on page 22 to 23.open ended equity schemes of Axis Mutual Fund (as on October 31, 2014)

Investment Strategies The scheme will seek to achieve its investment objective primarily by employing various strategies which seek to exploit absolute returns opportunities in equity and derivative markets. In case such opportunities are not available, the scheme will invest the corpus in debt and money market instruments.

The equity and derivative markets have experienced enormous growth in India in the last few years. The market provides the investor the ability to derive returns from the various strategies enumerated below. The market is not always efficient to the extent of mispricing in the derivative market and the underlying cash market. These techniques differ in that each method attempts to exploit a different form of imperfection in the underlying equity, debt and derivatives market and thus expose the investor to different forms of risk.

Risk Profile of the Scheme Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below:

The scheme carries risks associated with investing in equity and equity related securities, derivatives, debt and money market securities, securitized debt, short selling and securities lending.

No assurance can be given that the Fund Manager will be able to locate investment opportunities or to correctly exploit price discrepancies in the capital markets. Reduction in mis-pricing opportunities between the cash market and Future and Options market may lead to lower level of activity affecting the returns.

In case of a large redemption, the scheme may need to reverse the spot-futures transaction before the date of futures' settlement. This eventuality may lead to basis risk.

Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.

Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc.

Please refer to the SID for further details.

Key Risk Mitigants In comparison to an equity fund, there are certain additional risks which are associated with an arbitrage fund and the mitigants to such risks are as follows:

Lack of arbitrage opportunities: The Fund will enter into arbitrage trades when such opportunities are available. If the yields on arbitrage are low, the fund would invest in debt securities and money market instruments.

Price Risk: While arbitrage is a low risk strategy, there would be periods when the equity and derivatives market may not move perfectly in sync. However, these movements are temporary and at the time of expiry of derivatives the prices converge.

Un-hedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 10%. Also, the AMC has a team of experienced investment professionals and uses systems so that risks are managed effectively.

Plans and Options The Scheme offers the following Plans:

1. Regular Plan

2. Direct Plan

Direct Plan : Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor.

Each plan offers the following options:

a) Growth Option

b) Dividend Option

1. Dividend Payout Facility

2. Dividend Reinvestment Facility

Default Plan : Axis Enhanced Arbitrage Fund – Direct Plan

Default Option: Growth (between Growth and Dividend)

Default Facility: Dividend Reinvestment facility (between Dividend Reinvestment and Dividend Payout facility)

Applicable NAV Please refer to point no. 1 on Page 21

Minimum Application Purchase Additional Purchase RepurchaseAmount/ Number of ` 5,000 in multiples of ` 100 and in multiples of Minimum Redemption - ` 1000 or 100 Units or accountUnits ` 1/- thereafter ` 1/- thereafter balance whichever is lower in respect of each option

Despatch of Repurchase Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. (Redemption) Request

Benchmark Index Crisil Liquid Fund Index

Dividend Policy Under the dividend option, the Trustee will endeavour to declare the Dividend subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that will the Dividend be paid regularly.

Name of the Fund Manager Mr. Pankaj Murarka and Mr. Devang Shah

Name of the Trustee Company Axis Mutual Fund Trustee Limited

Performance of the scheme This Scheme does not have any performance track record.

Expenses of the Scheme (I) Load Structure

For the New Fund Offer Period and Continuous Offer

Entry load : NA

Exit load : an Exit Load of 0.50% will be charged if units are redeemed/switched out within 90 days from the date of investment/allotment.

Units issued on reinvestment of Dividends shall not be subject to Load.

The above mentioned load structure shall be equally applicable to the special products such as switches, etc. offered by the AMC. Further, for switches between the Growth and Dividend Option, no load will be charged by the scheme. No exit will load will be charged for switch between Regular Plan and Direct Plan where transaction is not routed through Distributor in Regular Plan. If the transaction in Regular Plan is routed through Distributor, then applicable exit load will be charged for switch from Regular Plan to Direct Plan. Further, no exit load will be charged for switch from Direct Plan to Regular Plan.

SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has decided that there shall be no entry Load for all Mutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder.

The Trustee/AMC reserves the right to change / modify the Load structure from a prospective date.

(ii) Recurring expenses

The recurring expenses as a % of daily net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows:













Fungibility of expenses: The expenses towards Investment Management and Advisory Fees under Regulation 52 (2) and the various sub-heads of recurring expenses mentioned under Regulation 52 (4) of SEBI (MF) Regulations are fungible in nature. Thus, there shall be no internal sub-limits within the expense ratio for expense heads mentioned under Regulation 52 (2) and (4) respectively. Further, the additional expenses under Regulation 52(6A)(c) may be incurred either towards investment & advisory fees and/or towards other expense heads as stated above.

Transaction charges Please refer to point no. 2 on page no. 21

Waiver of load for Not applicabledirect applications

Tax treatment for unit holders Please refer to point no. 3 on page no. 21

Daily Net Asset Value Please refer to point no. 4 on page no. 21(NAV) publication

For investor grievances Please refer to point no. 5 on page no. 21please contact

Unit holder’s information Please refer to point no. 6 on page no. 21

The scheme aims to generate stable returns by investing predominantly in debt & money market instruments. The scheme endeavors to generate optimum returns with low credit risk.

Investment in debt & money market instruments issued by banks, treasury bills & government securities is primarily with the intention of maintaining high credit quality & liquidity.

Atleast 70% of the net assets of the scheme shall be invested in securities rated AAA/A1+ and equivalent. The scheme shall not invest in securities rated below AA- or equivalent.

The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market & debt instruments proposed to be invested in.

The investment objective of this scheme is to maximize returns to the investor through an active management of the portfolio, by elongating the duration of the portfolio in a falling interest rate scenario and reducing the duration at a time when interest rates are moving up.

With the discretion to take aggressive interest rate/duration risk calls, this could mean investing the entire net assets in long dated Government securities and debt instruments (carrying relatively higher interest rate risk/duration risk), or on defensive considerations, entirely in money market instruments. Accordingly, the interest rate risk/duration risk of the scheme may change substantially depending upon the Fund’s call.

Investment strategy of the scheme


AXIS BANKING DEBT FUND (An open-ended debt scheme)

To generate stable returns by investing predominantly in debt & money market instruments issued by banks.


Debt & Money Market Instruments issued by banks. 80-100%

CBLO, G- Secs, T-Bills and Repo* 0-20%

*Includes Financial Institutions and units of debt and liquid mutual fund schemes. Investment in mutual fund units will be restricted to 10% of the net assets of the scheme. No investment will be made in instruments issued by NBFCs. The scheme will not undertake repo transactions in corporate debt securities. The scheme will not invest in derivatives and securitized debt.

The exposure to any sector shall not exceed 30% of the assets of the Scheme. However the said sector exposure limit shall not apply for investments in T Bills, G Sec, Bank CD and CBLO. For the purposes of sector exposure limits, AMFI sector classification of issuers would be considered. Further, debt instruments of PSU Banks (AAA rating only) and PFI (AAA only) shall be exempt from the sector exposure limit provided if the exposure to instruments of NBFCs (issuer level) are of only AAA (long term) / A1+ (short term) rated.

Financial institutions shall mean the list of public financial institutions as defined by RBI vide its master circular no. DBOD.FID.FIC.No.4 /01.02.00/2011-12 dated July 01, 2011 (as maybe amended from time to time).

Axis Banking Debt Fund, an open ended debt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund.

AXIS DYNAMIC BOND FUND (An open-ended debt fund)

To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.


Debt instruments* including GSecs and corporate debt 0% - 100%

Money market instruments 0% - 100%

*includes securitized debt up to 30% of the net assets of the Scheme.

Investments in derivatives shall be up to 75% of the net assets of the scheme.

The Scheme can invest up to 50% of net assets in Foreign Securities.

The cumulative gross exposure through debt and derivative positions shall not exceed 100% of the net assets of the scheme. Cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure.

Axis Dynamic Bond Fund, an open ended debt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund

Name of scheme



Differentiation with existing open ended debt schemes of Axis Mutual Fund (as on October 31, 2014)



The scheme carries risks associated with investing in debt and money market securities, short selling and securities lending.

Investment in mutual fund units/debt and money market instruments involves investment risks such as interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, default risk, etc. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.


The scheme carries risks associated with investing in debt and money market securities, derivatives, Foreign Securities, securitized debt, short selling and securities lending.


Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc. Please refer to the SID for further details.

Interest rate risk is managed by a meticulous determination of the average maturity of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments.


Plans: Axis Banking Debt Fund (existing plan) & Axis Banking Debt Fund - Direct Plan

Options: Growth, Dividend and Bonus Option

Default Plan: Axis Banking Debt Fund - Direct Plan

Sub Options: Daily (Re-investment), Weekly (Payout and Reinvestment), Monthly (Payout and reinvestment)

Plans: Axis Dynamic Bond Fund (existing plan) & Axis Dynamic Bond Fund - Direct Plan


Default Plan: Axis Dynamic Bond Fund - Direct Plan

Sub Options: Quarterly (Payout and Reinvestment); Half Yearly (Payout and reinvestment)

If Dividend payable under Dividend Payout option is equal to or less than ` 500/- then the Dividend would be compulsorily reinvested in the option of the Scheme.

Plans and options



Applicable NAV Please refer to point no. 1 on page no.21

Fresh Purchase Additional Purchase Repurchase

` 5,000 and in multiples of ` 1000 and in multiples of ` 1 `1000 or 1 Unit in respect ` 1 thereafter thereafter of each option whichever

is lower.


Fresh Purchase Additional Purchase Repurchase

` 5,000 and in multiples of ` 100 and in multiples of ` 1 ` 1,000 or 100 units or ` 1 thereafter thereafter account balance whichever

is lower

For details on investments through Sleep in Peace (SIP) and Systematic Transfer Plan (STP) facilities, please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.

Within 10 working days from the receipt of the redemption request at the authorized centre of Axis Mutual Fund.Despatch of repurchase (redemption) request

CRISIL Short Term Bond Fund Index CRISIL Composite Bond Fund Index Benchmark index

The Trustee will endeavour to declare the dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regards. There is no assurance or guarantee to the unit holders as to the rate of Dividend nor that will the Dividend be paid regularly.

Dividend policy

1 year returns

Axis Banking Debt Fund

Crisil Short Term Bond Fund Index


*Inception to March 31, 2013Date of Allotment - 7th June 2012

1 year returns

Axis Banking Debt Fund - Direct Plan

9.61% 10.01%

Crisil Short Term Bond Fund Index


Axis Dynamic Bond Fund

Crisil Composite Bond Fund Index

1 year returns 10.51% 11.71%


*Inception to March 30, 2012Date of Allotment - 27th April 2011


9.39% 10.01%



3 years returns 9.18% 8.73%Returns Since Inception 9.10% 9.23%

1 year returns 12.16% 11.71%

Crisil Composite Bond Fund Index

Axis Dynamic Bond Fund - Direct Plan

Axis Banking Debt Fund - Direct Plan

Crisil Short Term Bond Fund Index (Benchmark)

2012-2013

1.71%

1.92%

Mr. Kedar Karnik Mr. R. Sivakumar and Mr. Devang ShahName of fund manager



2011-2012*

8.08%7.33%

Axis Dynamic Bond Fund - Direct Plan#Crisil Composite Bond Fund Index(Benchmark)

Entry load : NA

Exit load: NIL

Expenses of the scheme (i) Load structure (also applicable to SIP, STP and switches)

Entry load : NA;

Exit load : 1% if redeemed / switched - out within 3 years from the date of allotment.

No load shall be levied on switches between options and sub-options of the Scheme. Also, units allotted on reinvestment of dividends shall not be subject to load.

The above mentioned load structure shall be equally applicable to the special products such as SIP, switches and SWP etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.




Past performance may or may not be sustained in future. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Axis Banking Debt Fund & Axis Banking Debt Fund – Direct Plan are calculated from 7th June 2012 and 1st January, 2013 respectively. Direct Plan is introduced on 1st January, 2013.

As on October 31, 2014

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Axis Dynamic Bond Fund & Axis Dynamic Bond Fund - Direct Plan are calculated from 27th April, 2011 and 1st January, 2013 respectively. Direct Plan is introduced on 1st January, 2013.

2012-2013

2.64%

1.80%

2012-2013

10.43%9.24%

2012-2013*

7.04% 7.15%

Inception to March 31, 2013

Axis Banking Debt Fund - Growth

Crisil Short Term Bond Fund Index (Benchmark)


Axis Dynamic Bond Fund - Growth

#Crisil Composite Bond Fund Index(Benchmark)

2013-2014

9.37%8.78%

2013-2014

9.57%8.78%

2013-2014

4.57%4.32%

2013-2014

5.88%

4.32%





The recurring expenses as a % of daily net assets of the scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows:

On the first ̀ 100 crores - 2.25%; On the next ̀ 300 crores - 2.00%; On the next ̀ 300 crores - 1.75% On the balance of assets - 1.50%



(a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis.



(c) service tax payable on investment and advisory service fees (‘AMC fees’) charged by Axis Asset Management Company Limited (‘Axis AMC)’;






Actual expenses for the previous financial year ended March 31, 2014 - 1.95% (audited) Actual expenses for the previous financial year ended March 31, 2014 - 0.49% (audited)



Please refer to point no. 5 on page no. 21




Waiver of load for direct applications

Tax treatment for investors unit holders

Daily Net Asset Value (NAV) publication

For investor grievances please contact

Unit holder’s information

Not applicable

AXIS CONSTANT MATURITY 10 YEAR FUND (An open ended Gilt scheme)

To generate returns similar to that of 10 year government bonds.


Government Securities, Treasury Bills, Repo & CBLO 100%

Axis Constant Maturity 10 Year Fund, an open ended gilt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. This is the first gilt fund being launched by Axis Mutual Fund.

AXIS INCOME 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.




Debt* and money market instruments 100%

*Includes securitized debt up to 30% of the net assets.

Investments in derivatives shall be up to 75% of the net assets of the scheme. The Scheme can invest up to 50% of net assets in Foreign Securities. The Scheme will endevour to maintain the modified duration of the portfolio in a range of 2-7 years depending on the interest rate view. Axis Income Fund, an open ended debt scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/ product of Axis Mutual Fund.


Name of scheme


To generate returns similar to the 10 year government bond through investments predominantly in government securities.

The scheme will endeavor to maintain an average maturity of close to 10 years. The normal range of average maturity for the scheme would be between 9 and 11 years. The scheme does not intend to actively manage the duration. By investing predominantly in government securities, the scheme aims to maintain a high degree of credit quality and liquidity.

To invest in a diversified portfolio of high quality debt and money market securities to generate optimal returns in the medium term.

The fund manager will seek to look for investment opportunities within the same class of fixed income securities (e.g. government securities) having different maturities (e.g. government securities having a residual maturity of 5 year and 7 years) or different classes of Fixed Income Securities with the same maturity profile/residual maturity. (e.g. a government security, an NBFC and a manufacturing corporate security having a residual maturity of 5 years).

Investment strategy of the scheme

Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in Government Securities, Treasury Bills, Repo & CBLO, short selling and securities lending. Investment in mutual fund units involves investment risks such as interest rate risk, re-investment risk, liquidity risk, etc. Also, the value of the Scheme investments may be affected by changes in law/policies of the government, taxation laws and political, economic or other developments.

Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in debt and money market securities, derivatives, Foreign Securities, securitized debt, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk, prepayment risk, etc.

Please refer to the SID for further details.


Interest rate risk is managed by meticulous determination of average maturity (which is the expression for change in portfolio value for a basis point change in interest rate) of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments. Also, government securities are relatively liquid in nature compared to other fixed income instruments.

Credit risk is mitigated as the Scheme would invest in Government securities which have sovereign rating.

Interest rate risk is managed by a meticulous determination of the modified duration of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments.


Plans: Axis Constant Maturity 10 Year Fund (existing plan) & Axis Constant Maturity 10 Year Fund - Direct Plan

Default Plan: Axis Constant Maturity 10 Year Fund - Direct Plan


Default Option: Growth

Sub Options: Regular (payout and reinvestment); Half Yearly (payout and reinvestment)

Plan: Axis Income Fund (existing plan) & Axis Income Fund - Direct Plan

Default Plan: Axis Income Fund - Direct Plan


Sub Options: Quarterly (payout and reinvestment), Half Yearly (payout and reinvestment)

If dividend payable under Dividend Payout option is equal to or less than ` 500/- then the dividend would be compulsorily reinvested in the option of the Scheme.

Plans and options



` 5,000 and in multiples of ` 100 and in multiples of ` 1/- ` 1000 or 100 units in ` 1/- thereafter thereafter respect of each Option

For details of investment through Systematic Investment Purchase (SIP) and Systematic Transfer Plan (STP) please refer to the relevant Scheme Information Document. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.



` 5,000 and in multiples of ` 100 and in multiples of ` 1/- ` 1,000 or 100 units or ` 1/- thereafter thereafter account balance whichever

is lower

Within 10 working days from the receipt of the redemption request at the authorized centre of Axis Mutual Fund.

Crisil 10-year Gilt Index CRISIL Composite Bond Fund Index


Benchmark index


The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regards. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that will the Dividend be paid regularly.

Dividend policy

Mr. Devang Shah Mr. Devang ShahName of fund manager



Axis Constant Maturity 10 Year Fund

Crisil 10 year Gilt Index

1 year returns


*Inception to March 31, 2012Date of Allotment - 23rd January 2012

1 year returns

Axis Constant Maturity 10 Year Fund - Direct Plan

Crisil 10 year Gilt Index

9.19% 7.46%

5.78% 5.79%

9.69% 7.46% 13.03% 11.71%

Absolute returns for the past 2 financial years. Absolute returns for the past 2 financial years.

Returns Since Inception 5.57% 4.55% 9.15% 7.86%


Axis Constant Maturity 10 Year Fund - Direct PlanCrisil 10 year Gilt Index (Benchmark)

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Axis Income Fund & Axis Income Fund - Direct Plan are calculated from 28th March, 2012 and 07th January, 2013 respectively. Direct Plan is introduced on 1st January, 2013.

Axis Income Fund - Direct PlanCRISIL Composite Bond Fund Index(Benchmark)

2011-2012

0.92%1.06%

Entry load : NA

Exit load : NIL

No Load (if any) will be charged on the units allotted on reinvestment of Dividends.

Expenses of the scheme(i) Load structure (also applicable to SIP/STP/SWP and switches)

Entry load : NA

Exit load : 0.5% if redeemed / switched - out within 3 months from the date of allotment.

The above mentioned load structure shall be equally applicable to the special products such as SIP, STP, SWP and switches etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.

Further for switches between the Growth and Dividend Option and on the units allotted on reinvestment of dividends no load will be charged by the scheme.




Axis Income Fund

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ̀ 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Axis Constant Maturity 10 Year Fund & Axis Constant Maturity 10 Year Fund – Direct Plan are calculated from 23rd January, 2012 and 1st January, 2013 respectively. Direct Plan is introduced on 1st January, 2013.

CRISIL Composite Bond Fund Index



11.84% 11.71%1 year returns

Date of Allotment - 28th March 2012

1 year returns

Axis Income Fund - Direct Plan

2011-2012

-1.04% -1.01% 2012-2013

9.53%

11.25%

2012-2013

1.65%

2.19%

2012-2013

9.24%

10.48%Axis Constant Maturity 10 Year Fund

Crisil 10 year Gilt Index (Benchmark)

2012-2013

1.37%

1.84%

CRISIL Composite Bond Fund Index

Axis Income Fund

CRISIL Composite Bond Fund Index(Benchmark)



As on October 31, 2014 As on October 31, 2014

2013-2014

-0.23%

-1.01%

2013-2014

0.22%

-1.01%

2013-2014

4.32%4.85%

2013-2014

4.32%5.66%



9.07% 8.54%Returns Since Inception

The recurring expenses of the Scheme(including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows:

On the first ̀ 100 crores of the daily net assets - 2.25%; On the next ̀ 300 crores of the daily net assets - 2.00%; On the next ̀ 300 crores of the daily net assets - 1.75%; On the balance of the assets - 1.50%


















Tax treatment for investors unit holders

Daily Net Asset Value (NAV) publication


Unit holder’s information

Not applicable

Actual expenses for the previous financial year ended March 31, 2014 - 0.80% (audited) Actual expenses for the previous financial year ended March 31, 2014 - 1.84% (audited)



AXIS TREASURY ADVANTAGE FUND (An open-ended debt scheme) AXIS SHORT TERM FUND (An open-ended debt scheme)Name of scheme

The risk-return profile of this fund positions is in between a liquid fund and short duration income fund. The portfolio strategy seeks to increase yield by having a marginally higher maturity and moderately higher credit risk as compared to a liquid fund; whilst maintaining balance between safety and liquidity.

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.


Money Market & Debt instruments with maturity/ average Minimum 70%; maturity/ residual maturity/ interest rate resets less than or Maximum 100%equal to 1 year

Debt instruments* with maturity/average Minimum 0%;maturity/ residual maturity/interest rate resets greater than Maximum 30% 1 year

*Includes securitized debt (excluding foreign securitized debt) up to 30% of the net assets of the Scheme. The Scheme shall not invest in foreign securitized debt.

Investment in Derivatives - up to 50% of the net assets of the 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.


Money market instruments and debt Instruments including Minimum 30%; government securities, corporate debt, securitized debt* Maximum 100%and other debt instruments with maturity/ average maturity/residual maturity/interest rate resets less than or equal to 375 days or have put options within a period not exceeding 375 days.

Debt instruments including government securities, corporate Minimum 0%; debt, securitized debt* and other debt instruments with Maximum 70%maturity/ average maturity/residual maturity/interest rate resets greater than 375 days

*Includes securitized debt (excluding foreign securitized debt) up to 30% of the net assets of the Scheme. The Scheme shall not invest in foreign securitized debt.





The Fund Manager will try to allocate the assets of the scheme in a diversified portfolio of various high quality Fixed Income Securities to achieve stable returns while having a low risk strategy.

The fund manager will seek to look for investment opportunities with the same class of fixed income securities (e.g. government securities) having different maturities (e.g. government securities having a residual maturity of 1 year and 2.5 years) or different classes of Fixed Income Securities with the same maturity profile/residual maturity. (e.g. a government security, an NBFC and a manufacturing corporate security having a residual maturity of 2 years).

Investment strategy



Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment.






Interest rate risk is managed by meticulous determination of average maturity (which is the expression for change in portfolio value for a basis point change in interest rate) of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments.

Risk Management is an integral part of the investment process and adequate safeguards for controlling risks would be incorporated by the Asset Management Company (AMC) in the portfolio construction process. The following are the key risks associated with investments in fixed income securities and the manner the AMC would endeavor to address them

Risk Involved

Interest Rate Risk: Risk that a rise in interest rates will cause price of bonds to fall. In general, there is an inverse relationship between interest rates and bond prices so that when interest rates rise, bond price fall and vice versa.

Risk Mitigant: The average modified duration of a portfolio is one of the means of measuring the interest rate risk of the portfolio. Higher is the modified duration, the fund stands exposed to a higher degree of interest rate risk. The Investment Review Committee (IRC) of the Asset Management Company would decide on the modified duration to be maintained for the portfolio at a particular point of time after taking into account the current scenario and the investment objective of the scheme. The portfolio duration will be decided after doing a thorough research on the general macroeconomic condition, political environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations.

Credit Risk: Risk of default on payments by the issuer of a security

Risk Mitigant: The credit analyst will make a detailed study of each of the issuers whose security will be bought by the fund. His analysis will include a study of the operating environment, past track record and short term/long term financial health of the issuer. The credit analyst will also take the help of data from external credit rating agencies like ICRA, CRISIL and Fitch during his analysis. The Credit Analyst will recommend the name of the issuers to the IRC who will be the final approving authority for including any issuer in the “target universe of issuers”.

Liquidity Risk

Risk Mitigant: The Mutual Fund will maintain adequate cash/cash equivalent securities to manage the day to day redemptions of the fund. Attention would be given to the historic redemption trends while deciding on the cash equivalent component of the portfolio.

Further, the scheme would also make investments only in high quality debt and money market instruments to mitigate the risk of illiquidity of the portfolio.

The AMC would endeavor to identify & measure risks through various risk measurement tools like various risk ratios and analyze the same to be able to act in a preventive manner.



Plan: Axis Treasury Advantage Fund (existing plan) & Axis Treasury Advantage Fund - Direct Plan


Default Plan: Axis Treasury Advantage Fund - Direct Plan

Dividend Frequency: Daily Dividend (Only Reinvestment facility); Weekly Dividend (Payout & Reinvestment); Monthly Dividend (Payout & Reinvestment)


Default between Payout & Reinvestment Option : Reinvestment

Default Dividend Frequency : Daily

Plan: Axis Short Term Fund (existing plan) & Axis Short Term Fund - Direct Plan


Default Plan: Axis Short Term Fund - Direct Plan

Dividend Frequency: Regular Dividend (Payout & Reinvestment); ; Monthly Dividend (Payout & Reinvestment)



Default Dividend Frequency: Monthly

Plan and options


For details of investment through Systematic Investment Purchase (SIP) and Systematic Transfer Plan (STP) please refer to the relevant Scheme Information Document. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.

Minimum application and redemptionamount/ number of units

Purchase


Repurchase

Minimum Redemption ` 1,000 or 1 Unit in respect of each Option

Additional Purchase



CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index


Benchmark index

The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regards. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that will the Dividend be paid regularly.

Mr. Kedar Karnik Mr. Devang Shah


Dividend policy

Name of fund manager

Name of the trustee company

Axis Treasury Advantage Fund - Direct Plan#Period Fund Benchmark

1 year returns 9.40% 9.29%


Axis Treasury Advantage Fund - Retail Plan #Crisil Liquid Fund Index (Benchmark)

thDate of Allotment - 9 October, 2009

2012-2013*

2.01%1.88%

Axis Treasury Advantage Fund - Direct Plan#Crisil Liquid Fund Index (Benchmark)


Axis Treasury Advantage Fund - Retail Plan#Period Fund Benchmark


3 years returns 8.47% 8.92%


Absolute returns for the past 5 financial years



2013-2014

10.04%

9.46%

2012-2013

8.43% 7.80%

2011-2012

8.88% 8.44%

2010-2011

6.35% 6.21%

2009-2010*

0.32% 0.34%


Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 1,000 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Institutional Plan, Retail Plan and Direct Plan are calculated from 9th October 2009, 3rd March 2010 & 1st January, 2013 respectively. Retail Plan introduced on 2nd March, 2010 and Direct Plan on January 1, 2013.

Axis Treasury Advantage Fund#Period Fund Benchmark





Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Institutional Plan, Retail Plan & Direct Plan are calculated from 22nd January 2010, 2nd March 2010 & 1st January, 2013 respectively. Retail Plan introduced on 2nd March, 2010 and Direct Plan on January 1, 2013

*Inception to March 31, 2010Date of Allotment - 22nd January, 2010

Axis Short Term Fund - Direct Plan#Period Fund Benchmark

1 year returns 10.59% 10.01%


*Inception to March 31, 20102010-2011

6.61% 6.21%

2009-2010*

2.12%1.54%

2011-2012

9.47% 8.44%

2012-2013

9.32%

7.93%

5.17% 5.12%

2010-20112009-2010*

0.65% 0.61%

8.63% 8.28%

2011-2012

7.62%

8.78%

2013-2014

Axis Short Term Fund - Direct Plan#Crisil Short Term Bond Fund Index (Benchmark)

2012-2013*

2.10%1.92%

5.48% 5.12%

2010-20112009-2010*

0.84% 0.82%

8.99% 8.28%

2011-2012

10.10%

7.97%

2012-2013*Inception to March 31, 2010


Axis Treasury Advantage Fund - Growth#Crisil Liquid Fund Index (Benchmark)

Axis Short Term Fund#Period Fund Benchmark




Axis Short Term Fund - Growth#Crisil Short Term Bond Fund Index (Benchmark)


Axis Short Term Fund - Retail Plan#Crisil Short Term Bond Fund Index (Benchmark)


Axis Short Term Fund - Retail Plan#Period Fund Benchmark





W.e.f January 1, 2013 Axis Short Term Fund - Institutional Plan has been renamed as Axis Short Term Fund

W.e.f January 1, 2013 Axis Treasury Advantage Fund - Institutional Plan has been renamed as Axis Treasury Advantage Fund

2013-2014

9.68%9.46%

2013-2014

8.73% 9.46%

7.61%

8.78%

2013-2014

9.70%

7.85%

2012-2013

2013-2014

8.51%8.78%

Entry load : NA; Exit load : 0.25% if units are redeemed/switched out within 1 month from the date of allotment.

Entry load : NA; Exit load : Nil


The above mentioned load structure shall be equally applicable to the special products such as SIP, SWP, switches and SWP etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.





Expenses of the scheme (i) Load structure (also applicable to SIP/STP/SWP and switches)

The recurring expenses of the scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ̀ 100 crores of the daily net assets - 2.25%; On the next ̀ 300 crores of the daily net assets - 2.00%; On the next ̀ 300 crores of the daily net assets - 1.75%; On the balance of the assets - 1.50%













Actual expenses for the financial year ended March 31, 2014 - 1.12% (audited)Actual expenses for the financial year ended March 31, 2014 - 0.67% (audited)







Not applicable

Please refer to point no. 3 on page no. 21Tax treatment for investors unit holders

AXIS LIQUID FUND (An open-ended liquid scheme) AXIS FIXED INCOME OPPORTUNITIES FUND (an Open-ended Debt 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.

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. 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.



Money market instruments (including cash, repo, CPs, CDs, Minimum 50%;Treasury Bills and Government securities) with maturity / Maximum 100%residual maturity up to 91 days

Debt instruments (including floating rate debt instruments Minimum 0%;and securitized debt)* with maturity/residual maturity / Maximum 50%weighted average maturity up to 91 days

*securitized debt cumulative allocation not to exceed 30% of the net assets of the Scheme (excluding foreign securitized debt).



Pursuant to SEBI circular No. SEBI/IMD/CIR No. 13/150975/09 dated January 19, 2009, the Scheme shall make investment in / purchase debt and money market securities with maturity of up to 91 days only.

Explanation:

a. In case of securities where the principal is to be repaid in a single payout, the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout then the maturity of the securities shall be calculated on the basis of weighted average maturity of the security.

b. In case of securities with put and call options (daily or otherwise) the residual maturity of the securities shall not be greater than 91 days.

c. In case the maturity of the security falls on a Non Business Day, then settlement of securities will take place on the next Business Day.


Debt instruments & Money Market Instruments* 100%


Investments in derivatives shall be up to 50% of the net assets of the scheme. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time.

In accordance with SEBI Circular No. CIR/IMD/DF/21/2012 dated 13th September, 2012, the total exposure in a particular sector (excluding investments in Bank CDs, CBLO, Government Securities, T-Bills and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the Scheme.

Provided that an additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only. Provided further that the additional exposure to such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NBH) and the total Investment/exposure in HFCs shall not exceed 30% of the net assets of the scheme.

Pending deployment of the funds in securities in terms of investment objective of the Scheme, the AMC may park the funds of the Scheme in short term deposits of the Scheduled Commercial Banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, as may be amended from time to time.

The fund will invest a minimum of 20% in below AAA & equivalent rated issuers.

The scheme retains the flexibility to invest across all the securities in the debt and Money Markets Instruments. The scheme may invest in units of debt and liquid mutual fund schemes of Axis AMC or in the schemes of any other mutual funds in conformity with the investment objective of the Scheme and in terms of the prevailing SEBI (MF) Regulations.


Name of scheme


Provided that such inter-scheme investment will be within the limits specified under SEBI (MF) Regulations and will be done for cash management purposes. The portfolio may hold cash depending on the market condition. The fund manager can use Derivative instruments to protect the downside risk.

Subject to the SEBI Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages stated above are only indicative and not absolute. These proportions can vary substantially depending upon the perception of the fund manager; the intention being at all times to seek to protect the interests of the Unit holders. Changes in the investment pattern will be for short term and for defensive considerations. In case of deviation, the portfolio would be rebalanced within 30 days from the date of deviation. In case the same is not aligned to the above asset allocation pattern within 1 month, justification shall be provided to the Investment Review Committee and reasons for the same shall be recorded in writing. The Investment Review committee shall then decide on the course of action.

Asset allocation pattern of the scheme (contd.)



Under normal circumstances, the fund shall seek to generate reasonable returns commensurate with low risk by positioning itself at the lowest level of the risk-return matrix.

The Scheme will invest predominantly in money market securities with some tactical allocation towards other debt securities to enhance returns from the portfolio.

The 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. The fund manager will endeavour , through a process of robust credit risk assessment & research, to identify optimum credit opportunities in the market and invest in such instruments offering higher yields at acceptable levels of risk.

Axis Fixed Income Opportunities Fund is a fixed income fund which will endeavor to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. This fund will have the ability to maintain a relatively higher exposure to fixed income instruments which are not AAA & equivalent.

The fund endeavors to take advantage of opportunities arising from the credit spectrum. Historically, the spread between AAA and AA is dynamic and changes over time. The fund manager can dynamically change the portfolio credit composition to take advantage of these opportunities.

The fund proposes to take advantage of opportunities arising from the credit spectrum. Some of the strategies that we may follow are as follows:

1) Opportunity from credit spreads between AAA and AA rated fixed income instruments

2) Opportunity from migration of ratings

The above are some examples of credit strategies currently available in the Indian fixed income markets. The fund will endeavor to use other credit strategies across the spectrum as & when they are available in the Indian markets.

Assuming there is an opportunity from the migration of ratings. Through the Axis credit process, we endeavor to avoid taking exposures where there is a risk of downgrade and take exposure in cases where we think there is a potential for an upgrade. The fund will aim to take advantage of these opportunities from credit spreads as well as potential from rating migrations.

The fund manager will try to allocate assets of the scheme between various fixed income instruments taking into consideration the prevailing interest rate scenario, the liquidity of the different instruments and maintain a diversified portfolio with the objective of achieving stable risk adjusted returns. While investing the fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate bond yield curve) as well as kinks within a particular yield curve (e.g. the different points of the sovereign yield curve).

After doing a thorough research on the general macroeconomic condition, political environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations the portfolio duration and credit exposures will be decided.

Investment strategy






Interest rate risk is managed by meticulous determination of average maturity (which is the expression for change in portfolio value for a basis point change in interest rate) of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments.

Interest rate risk is managed by a meticulous determination of the average maturity of the portfolio. Extensive analysis of macro economic conditions is done to form a view on future interest rates and to position the portfolio accordingly. Credit risk is managed by in-depth analysis of issuer (financial/operating performance) with the help of internal and external research. Liquidity risk is addressed by maintaining exposure to cash/cash equivalents and highly liquid instruments.


Plan: Axis Liquid Fund (existing plan) & Axis Liquid Fund - Direct Plan


Default Plan: Axis Liquid Fund - Direct Plan

Dividend Frequency: Daily Dividend (Only Reinvestment facility); Weekly Dividend (Payout & Reinvestment); Monthly Dividend (Payout & Reinvestment)



Default Dividend Frequency: Daily

Plans: Regular Plan and Direct Plan

Options: Each Plan would offer Growth and Dividend Option.

Sub Options: The Dividend Option would provide the following sub options: Weekly (Payout and Reinvestment) Monthly (Payout and reinvestment) If dividend payable under Dividend Payout option is equal to or less than ` 500/- then the dividend would be compulsorily reinvested in the option of the Scheme.

All the plans will have common portfolio.

Plan and options


i) Subscriptions/Purchases including Switch - ins:

i. Where the application is received upto 2.00 p.m. on a day and funds are available for utilization before the cut-off time without availing any credit facility, whether, intra-day or otherwise - the closing NAV of the day immediately preceding the day of receipt of application;

ii. Where the application is received after 2.00 p.m. on a day and funds are available for utilization on the same day without availing any credit facility, whether, intra-day or otherwise - the closing NAV of the day immediately preceding the next business day ; and

iii. Irrespective of the time of receipt of application, where the funds are not available for utilization before the cut-off time without availing any credit facility, whether, intra-day or otherwise - the closing NAV of the day immediately preceding the day on which the funds are available for utilization.

For allotment of units in respect of purchase in to the scheme, it shall be ensured that:

i. Application is received before the applicable cut-off time.

ii. Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the scheme before the cut-off time.

iii. The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the scheme.

For allotment of units in respect of switch-in to the scheme from other schemes, it shall be ensured that:

i. Application for switch-in is received before the applicable cut-off time.

ii. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the scheme before the cut-off time.

iii. The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective switch-in schemes.

Redemptions including Switch - outs:

a. In respect of valid applications received upto 3.00 p.m. - the closing NAV of the day immediately preceding the next Business Day ; and

b. In respect of valid applications received after 3.00 p.m. by the Mutual Fund, the closing NAV of the next Business Day shall be applicable.

Applicable NAV Please refer to point no. 1 on page no. 21

For details on investments through STP facilities, please refer to the SID. Investors of all open ended schemes of Axis Mutual Fund can give request for redemption in fractional units also for those units held in dematerialized mode.

Minimum application and redemptionamount/ number of units

Purchase

` 5,000 and in multiples of

Repurchase

Minimum Redemption ` 1,000 or 1 Unit in respect of each Option

Additional Purchase



CRISIL Liquid Fund Index Crisil Short Term Bond Fund Index


Benchmark index

The Trustee will endeavour to declare the Dividend as per the specified frequencies, subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of Dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of Dividend nor that the Dividend will be paid regularly.

Mr Devang Shah Mr. Devang Shah and Mr. Kedar Karnik


Dividend policy

Name of fund manager

Name of the trustee company

Axis Liquid Fund - Retail Plan#Period Fund Benchmark




Axis Liquid Fund#Period Fund Benchmark






#Crisil Liquid Fund Index (Benchmark)Axis Liquid Fund - Growth

6.60% 6.21%

2010-20112009-2010*

1.94% 1.54%

2011-2012

9.39%8.44%

2012-2013

9.36%7.84%

2013-2014

9.32% 9.46%

*Inception to March 31, 2010thDate of Allotment - 9 October, 2009

W.e.f January 1, 2013 Axis Liquid Fund - Institutional Plan has been renamed as Axis Liquid Fund

6.40% 6.21%

2010-20112009-2010*

0.34% 0.40%

2011-2012

8.96%8.44%

2012-2013

8.91%7.97%

#Crisil Liquid Fund Index (Benchmark)Axis Liquid Fund - Growth


2013-2014

8.77% 9.46%

*Inception to March 31, 2010stDate of Allotment - 1 March, 2010

Axis Fixed Income Opportunities Fund #Period Fund Benchmark


thDate of Allotment - 15 July, 2014

Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 1000 invested at inception. Calculations are based on Growth Option NAVs.

Axis Liquid Fund - Direct Plan#Period Fund Benchmark



2012-2013

2.05% 1.89%

Axis Liquid Fund - Direct Plan#Crisil Liquid Fund Index (Benchmark)



2013-2014

9.39% 9.46%

Past performance may or may not be sustained in future. Returns are compounded annualized for period more than or equal to 1 year. Since inception returns are calculated on ` 1000 invested at inception. Calculations are based on Growth Option NAVs. Since inception returns for Institutional Plan, Retail Plan & Direct Plan are calculated from October 9, 2009, March 1, 2010 & January 1, 2013 respectively. Retail Plan introduced on March 2, 2010 and Direct Plan on January 1, 2013.

Performance of the scheme (as on October 31, 2014) (contd.)


Entry load : NA; Exit load : 1% if units are redeemed/switched out within 1 year from the date of allotment. 0.50% if units are redeemed/ switched out within 1 - 2 years from the date of allotment. (w.e.f. 17th September 2014)

The above mentioned load structure shall be equally applicable to the special products such as SIP, STP, switches, etc. offered by the AMC. However, no load will be charged for switching between options and sub-options of the Scheme.

No exit load will be charged for switch between Regular Plan and Direct Plan where transaction is not routed through Distributor in Regular Plan. If the transaction in Regular Plan is routed through Distributor, then applicable exit load will be charged for switch from Regular Plan to Direct Plan. Further, no exit load will be charged for switch from Direct Plan to Regular Plan.

Exit load charged to the investors will be credited back to the scheme net of service tax.

Entry load : NA; Exit load : Nil


The above mentioned load structure shall be equally applicable to the special products such as SIP, SWP, switches and SWP etc. offered under the Scheme. No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.


Expenses of the scheme (i) Load structure (also applicable to SIP/STP/SWP and switches)




The recurring expenses of the scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as

follows: On the first ̀ 100 crores of the daily net assets - 2.25%; On the next ̀ 300 crores of the daily net assets - 2.00%; On the next ̀ 300 crores of the daily net assets - 1.75%; On the

balance of the assets - 1.50%


In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [‘SEBI Regulations’] or the Total Recurring Expenses (Total Expense Limit) as specified

above, the following costs or expenses may be charged to the scheme namely;

(a) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least (i) 30 per cent of gross new

inflows in the scheme, or; (ii) 15 per cent of the average assets under management (year to date) of the scheme, whichever is higher Provided that if inflows from such cities is less than

the higher of sub-clause (i) or ub-clause (ii), such expenses on daily net assets of the scheme shall be charged on proportionate basis.




Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment shall not exceed 0.12 per cent in case of cash

market transactions and 0.05 per cent in case of derivatives transactions.




NAActual expenses for the previous financial year ended March 31, 2014 - 0.15% (audited)







Not applicable


AXIS GOLD FUND (An open-ended fund of fund scheme)

Investment objective To generate returns that closely correspond to returns generated by Axis Gold ETF.

Asset allocation pattern Type of Instrument Normal Allocation (% of net assets)

Units of Axis Gold ETF 95 - 100

Money Market Instruments 0 - 5

Axis Gold Fund, an open ended fund of fund scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. Further, the existing products of Axis Mutual Fund are either debt, liquid, hybrid, equity or exchange traded funds and hence the 'fund of fund scheme' under consideration cannot be compared with any other existing schemes' under the section 'Asset allocation'.

Investment strategy The scheme follows a passive investment strategy and will invest in Axis Gold ETF. The AMC does not make any judgments about the investment merit of gold or particular security nor will it attempt to apply any economic, financial or market analysis. The scheme shall invest all of its funds in units of Axis Gold ETF, except to meet its liquidity requirements.

Name of scheme



Risk profile Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investing. Scheme specific Risk Factors are summarized below:

The scheme carries risks associated with investing in Axis Gold ETF and money market instruments. Investment in units of Gold ETFs involves investment risks such as market risks, listing related risks and risk related to redemption. Investments in money market instruments are subject to interest rate risk, re-investment risk, liquidity risk, credit risk, settlement risk, etc. Also, the value of the scheme’s investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments.

Risk management Risk management is going to be an integral part of the investment process. Effective risk management is critical to fund management for achieving financial soundness. Investments by the Scheme shall be made as per the investment objectives of the Scheme and provisions of the Regulations.

Plans and options Plans: Axis Gold Fund (existing plan) & Axis Gold Fund - Direct Plan

(Portfolio will be common for the above Plans)


Default Plan: Axis Gold Fund - Direct Plan


Applicable NAV Ref to Point No. 1 on page 21


Fresh Purchase

` 5,000 and in multiples of ̀ 1 thereafter

Redemption

` 1,000 or 100 units or account balance whichever is lower.

Additional Purchase

` 100 and in multiples of ̀ 1 thereafter

For details on investments/withdrawals through Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) facilities, please refer to the SID.

Despatch of redemption requests

Within 10 working days from the receipt of the redemption request at the authorized centre of Axis Mutual Fund.

Benchmark index Domestic price of Gold

Dividend policy The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of dividend nor is there assurance that dividend will be paid regularly.

Name of the fund manager Mr Kedar Karnik

Name of the fund manager Axis Mutual Fund Trustee Limited

Performance of Axis Gold Fund (As on October 31, 2014)

Returns Since Inception -2.54% -0.13%

Axis Gold FundDomestic Price

of Gold

1 year returns -17.70% -14.71%

Absolute returns for the past 3 financial years. *Inception to March 30, 2012


-16.46% -14.71%

Past performance may or may not be sustained in future. Returns are absolute for period less than 1 year. Since inception returns are calculated on ` 10 invested at inception. Calculations are based on Growth Option NAVs.

Axis Gold Fund -Direct Plan

Domestic Price of Gold

Date of Allotment - October 20, 2011

1 year returns

2011-2012*

5.98%4.91%

2012-2013

3.96%2.59%

2012-2013

-0.50%

-4.47%

Domestic Price of Gold (Benchmark)

Axis Gold Fund - Direct Plan



Domestic Price of Gold (Benchmark)Axis Gold Fund

2013-2014

-5.19%

-10.77%

2013-2014

-3.97%

-10.77%



Expenses of the scheme (i) Load structure (applicable to SIP/STP/SWP and switches)

Entry load : NA

Exit load :1% if redeemed/switched out within 1 year from date of allotment.

No exit load will be charged for switch between Existing Plan and Direct Plan where transaction is not routed through Distributor in Existing Plan. If the transaction in Existing Plan is routed through Distributor, then applicable exit load will be charged for switch from Existing Plan to Direct Plan.

Further for switches between the Growth and Dividend Option and on the Units allotted on reinvestment of dividends no load will be charged by the scheme.




(ii) Recurring expenses The AMC has estimated that upto 1.50%* of the daily net assets of the Scheme will be charged to the Scheme as expenses. For the actual current expenses being charged, the Investor should refer to the website of the AMC.

*No investment management & advisory fees will be charged to the scheme.

The total recurring expenses of the scheme including weighted average of charges levied by the underlying schemes shall not exceed 2.50% of the daily net assets of the scheme.










(b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of the respective Scheme.

Actual expense for the financial year ended March 31, 2014 - 1.88%.(audited)

3 years returns -3.28% - -9.75% -8.62%


Transaction Charge per subscription of ̀ 10,000/- and above shall be charged from investors and paid to distributors (who have opted in for charging it) for applications routed through them relating to subscription / new inflows. For Existing / New investors: ̀ 100 / ̀ 150 as applicable per subscription of ̀ 10,000/- and above. In case of SIP, the amount shall be recovered in a maximum of 4 successful installments.

2. Transaction charges

Investors are advised to refer to the paragraph on Taxation in the “Statement of Additional Information” and to consult their own tax advisors with respect to the specific amount of tax and other implications arising out of their participation in the Scheme.

3. Tax treatment for unit holders

The NAV will be declared on all business days and will be published in 2 newspapers. NAV can also be viewed on www.axismf.com and www.amfiindia.com [You can also call us at 1800 3000 3300.]

4. Daily Net Asset Value (NAV) publication

Registrar - Karvy Computershare Private Limited, Unit - Axis Mutual Fund, Karvy Plaza, H No 8-2-596, Street 1, Banjara Hills, Hyderabad 34. TEL 040 2331 2454 FAX 040 2331 1968

Mutual Fund - Mr Milind Vengurlekar, Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025. India. TEL 022 4325 4138/ 4123.

E-MAIL [email protected] FAX 022 4325 5199 TOLL FREE1800 3000 3300 WEB www.axismf.com

5. For investor grievances please contact

On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of e-mail and/or SMS within 5 business days from the date of receipt of transaction request/ allotment will be sent to the unit Holders registered e-mail address and/or mobile number.

Consolidated Account Statement :

On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of e-mail and/or SMS within 5 business days from the date of receipt of transaction request will be sent to the unit Holders registered e-mail address and/or mobile number. Consolidated account statement for each calendar month shall be issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month. The AMC shall ensure that a consolidated account statement every half yearly (September/ March) is issued, on or before tenth day of succeeding month, detailing holding at the end of the six month, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken place during that period.

The AMC shall identify common investors across fund houses by their permanent account number for the purposes of sending consolidated account statement. In case of specific request received from the unit Holders, the AMC/Fund will provide the Account Statement to the Investors within 5 business days from the receipt of such request. In the event the account has more than one registered holder, the first named unit Holder shall receive the Account Statement. The word transaction will include purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan and systematic transfer plan.

The AMC will endeavor to send statement of accounts by e-mail where the Investor has provided the e-mail id. The statement of holding of the beneficiary account holder for units held in demat will be sent by the respective Depository Participants periodically. Additionally, the AMC may at its discretion send Account Statements individually to the investors.

Annual Report:

Scheme/Plan-wise Annual Report or an abridged summary thereof shall be mailed to all unit Holders within four months from the date of closure of the relevant accounting year i.e. 31st March each year.

Half yearly disclosures:

The Mutual Fund shall publish a complete statement of the Scheme portfolio within one month from the close of each half year (i.e. 31st March and 30th September), by way of an advertisement at least, in one National English daily and one regional newspaper in the language of the region where the head office of the Mutual Fund is located.

The Mutual Fund may opt to send the portfolio to all unit holders in lieu of the advertisement (if applicable).

The Portfolio Statement will also be displayed on the website of the AMC and AMFI.

The Mutual Fund shall within one month from the close of each half year, that is on 31st March and on 30th September, host a soft copy of its unaudited financial results on their website.

The Mutual Fund shall publish an advertisement disclosing the hosting of such financial results on their website, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the Mutual Fund is situated.

The Annual Report, portfolio statement and the unaudited financial results will also be displayed on the website of the Mutual Fund (www.axismf.com) and Association of Mutual Funds in India (www.amfiindia.com).

6. Unit holder’s information

Subscriptions/ Purchases including Switch- ins:

A) In respect of purchase of units with amount less than ̀ 2 lakhs the following cut-off timings and NAVs shall be applied

1. Where the application is received up to 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV of the day of receipt of application.

2. Where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV of the next Business Day.

3. Where the application is received with an outstation cheque or demand draft which is not payable at par at the place where it is received - closing NAV of day on which the cheque or demand draft is credited.

B) In respect of purchase of units with amount equal to or more than ̀ 2 Lakhs, irrespective of the time of receipt of application, the closing NAV of the day on which the funds are available for utilization shall be applicable provided that:

For allotment of units in respect of purchase/switch in

• Application is received before the applicable cut-off time.

• Funds for the entire amount of subscription/ purchase as per the application are credited to the bank account of the scheme before the cut-off time.

• The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the Scheme.

Redemptions including Switch - outs: The following cut-off timings and NAVs are applicable

1. Where the application received upto 3.00 pm - closing NAV of the day of receipt of application.

2. An application received after 3.00 pm - closing NAV of the next Business Day.

1. Application NAV

Information Common to Schemes








Not applicable

Axis Long Term Equity Fund

Axis Equity Fund

Axis Midcap Fund

Axis Focused 25 Fund

Axis Small Cap Fund

Asset Allocation


Equity and Equity Related Securities 80% - 100%

Debt and Money Market Instruments 0% - 20%

Primary Investment Objective - The investment objective of the Scheme is 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.

Investment Strategy - The Fund will invest in a diversified portfolio of strong growth companies with sustainable business models. Though the benchmark is BSE-200, the investments will not be limited to the companies constituting the benchmark. The Fund will have the flexibility to invest across the market capitalization spectrum (i.e. Large, mid and small cap companies) and across industries / sectors.


The Fund will endeavor that the corpus of the scheme remains fully invested in equity and equity-related instruments at all times.

Differentiation - Equity Linked Savings Scheme with a lock-in period of 3 years from the date of allotment/ investment.

AUM (`. In crores) - 2811.69; No. of Folios - 205879

Asset Allocation


Equity and Equity Related Securities 80% - 100%


Primary Investment Objective - To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Investment Strategy - The Fund will actively manage a diversified portfolio of strong growth companies with sustainable business models, whilst managing risk. The Fund will have the flexibility to invest across the market capitalization (i.e. large, mid and small cap companies) spectrum and industries / sectors. The companies would be individually researched and selected only when the fund management team has satisfied itself on robustness of the company’s business model, sustainability of its competitive advantage and the credibility of its top management team.

Differentiation - An open ended growth scheme with no lock-in period.

AUM (`. In crores) - 1,272.86; No. of Folios - 146701

Asset Allocation

Type of Instrument Normal Allocation (% of net assets)

Equity and Equity Related Instruments of Mid - Cap companies 75%-100%

Equity and Equity Related Instruments of Non Mid - Cap Companies 0%-25%

Debt and Money Market Instruments 0%-25%

Primary Investment Objective - To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the fund would be to invest in relatively larger companies within this category.

Investment Strategy - The scheme seeks to generate capital appreciation through an actively managed diversified portfolio of primarily larger Midcap companies. Larger Midcap companies combine the flexible, innovative, high-growth features of mid and small size companies with the proven management and liquidity of larger companies. The Fund intends to benefit from this “best of both worlds” characteristic of larger Midcap companies. The portfolio will be built utilizing a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective.

Differentiation - Seeks to build a portfolio comprising primarily of equity and equity related securities of Midcap companies.


Asset Allocation


Equity and Equity Related Instruments (of not exceeding 25 companies) Of which: Companies among 65% - 100%the top 200 in terms of market capitalization - 90% - 100%Other equities - 0 - 10%

Debt and Money Market Instruments - 0 - 35%

Primary Investment Objective - To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.

Investment Strategy - The scheme aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies. In order to have a concentrated portfolio, the scheme will follow a bottom up stock selection approach.

The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. The AMC employs a "Fair value" based research process to analyse the appreciation potential of each stock in its universe (Fair value is a measure of the intrinsic worth of a company). The universe of stocks is carefully selected to include companies having a robust business models and enjoying sustainable competitive advantages as compared to their competitors.

While 65 - 100% of the corpus will be invested in equities (no less than 20 companies and up to 25 companies), it is expected that under normal market conditions at least 80% of the corpus will be invested in equities (no less than 20 companies and up to 25 companies). The Scheme will primarily invest in companies among the top 200 in terms of market cap.

Differentiation - Axis Focused 25 Fund will invest in a concentrated portfolio of equity & equity related instruments of up to 25 companies


Asset Allocation


Equity and Equity Related Instruments of Mid-cap companies 80% - 100%

Equity and Equity Related Instruments of Non Mid-cap Companies 0% - 20%


Primary Investment Objective - To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

Investment Strategy - The scheme intends to generate long term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.

Differentiation - Axis Small Cap Fund is the first close ended small cap fund of Axis Mutual Fund

AUM (` In crores) : 287.90; No. of Folios : 12898

7. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014)



Axis Enhanced Arbitrage Fund

Axis Treasury Advantage Fund

Axis Short Term Fund

Axis Dynamic Bond Fund

Axis Income Fund

Asset Allocation


Equities, equity related instruments (unhedged)* 0% - 10%

Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as part of 65% - 90%hedged / arbitrage exposure*

Debt and Money market instruments** (including investments in securitized debt) 10% - 35%

** including securitized debt up to 35%. The Scheme will not invest in foreign securitized debt.

*Equity allocation is measured as the Gross exposure to equities, equity related instruments and derivatives. The scheme will enter into derivatives transactions for hedging. The derivative positions will be hedged against corresponding positions in either equity or derivative markets depending on the strategies involved and execution costs. On the total portfolio level the scheme does not intend to take a net short exposure to equity markets. Unhedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 10% of the net assets.

Primary 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.

Investment Strategy - The scheme will seek to achieve its investment objective primarily by employing various strategies which seek to exploit absolute returns opportunities in equity and derivative markets. In case such opportunities are not available, the scheme will invest the corpus in debt and money market instruments.

The equity and derivative markets have experienced enormous growth in India in the last few years. The market provides the investor the ability to derive returns from the various strategies enumerated below. The market is not always efficient to the extent of mispricing in the derivative market and the underlying cash market. These techniques differ in that each method attempts to exploit a different form of imperfection in the underlying equity, debt and derivatives market and thus expose the investor to different forms of risk.

Differentiation - The scheme invests predominantly in debt & money market instruments issued by banks.

AUM (`. In crores) : 80.48; No. of Folios : 699

Asset Allocation


Money Market & Debt instruments with maturity/average maturity/residual maturity/ interest rate resets less than or equal to 1 year 70% - 100%

Debt instruments with maturity/average maturity/residual maturity/interest rate resets greater than 1 year 0% - 30%

Primary 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.

Investment Strategy - The risk-return profile of this fund positions it in between a liquid fund and short duration income fund. The portfolio strategy seeks to increase yield by having a marginally higher maturity and moderately higher credit risk as compared to a liquid fund; whilst maintaining balance between safety and liquidity.

Differentiation - Endeavor to maintain the average maturity of up to 6 months depending on the interest rate view.


Asset Allocation


Money market instruments and debt Instruments including government securities, corporate debt, 30% - 100%securitized debt and other debt instruments with maturity/ average maturity/residual maturity/interest rate resets less than or equal to 375 days or have put options within a period not exceeding 375 days.

Debt instruments including government securities, corporate debt, securitized debt and other debt 0% - 70%instruments with maturity/ average maturity/residual maturity/interest rate resets greater than 375 days

Primary Investment Objective - Endeavor 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.

Investment Strategy - The Fund Manager will try to allocate the assets of the scheme in a diversified portfolio of various high quality Fixed Income Securities to achieve stable returns while having a low risk strategy.

The fund manager will seek to look for investment opportunities with the same class of fixed income securities (e.g. government securities) having different maturities (e.g. government securities having a residual maturity of 1 year and 2.5 years) or different classes of Fixed Income Securities with the same maturity profile/residual maturity. (e.g. a government security, an NBFC and a manufacturing corporate security having a residual maturity of 2 years).

Differentiation - Endeavor to maintain the modified duration in a range of 3 months to 3 years depending on the interest rate view.

AUM (`. In crores) - 787.97; No. of Folios : 3044

Asset Allocation


Debt instruments including GSecs and corporate debt 0% - 100%

Money market instruments 0% - 100%

Primary Investment Objective - The Scheme will endeavor to generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.

Investment Strategy - The investment objective of this scheme is to maximize returns to the investor through an active management of the portfolio, by elongating the duration of the portfolio in a falling interest rate scenario and reducing the duration at a time when interest rates are moving up.

With the discretion to take aggressive interest rate/duration risk calls, this could mean investing the entire net assets in long dated Government securities and debt instruments (carrying relatively higher interest rate risk/duration risk), or on defensive considerations, entirely in money market instruments. Accordingly, the interest rate risk/duration risk of the scheme may change substantially depending upon the Fund’s call.

Differentiation - Active duration management.


Asset Allocation


Debt and Money Market instruments 100%

Primary Investment Objective - The scheme will endeavor to generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

7. Differentiation with existing open ended equity & debt schemes of Axis Mutual Fund (as on October 31, 2014) (contd.)

Investment Strategy - The scheme proposes to invest in a diversified portfolio of high quality debt and money market securities to generate optimal risk adjusted returns in the medium term.

The fund management team is going to take a medium term view on the interest rate structure. While determining the portfolio duration and credit stance, the fund manager will keep in mind the state of the local economy, inflation numbers as well as the global economic scenario.

The fund manager will try to allocate assets of the scheme between various fixed income securities taking into consideration the prevailing interest rate scenario, the liquidity of the different instruments and maintain a diversified portfolio with the objective of achieving optimal risk adjusted returns. While investing the fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate bond yield curve) as well as kinks within a particular yield curve (e.g. the different points of the sovereign yield curve).

Differentiation - Endeavor to maintain the modified duration in a range of 2-7 years depending on the interest rate view.


Asset Allocation


Money market instruments (including cash, repo, CPs, CDs, Treasury Bills and Government securities) with maturity/residual maturity up 50% - 100% to 91 days

Debt instruments (including floating rate debt instruments and securitized debt) with maturity/residual maturity/ weighted average maturity up 0% - 50%to 91 days

Explanation:

a. In case of securities where the principal is to be repaid in a single payout, the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout then the maturity of the securities shall be calculated on the basis of weighted average maturity of the security.

b. In case of securities with put and call options (daily or otherwise) the residual maturity of the securities shall not be greater than 91 days.

c. In case the maturity of the security falls on a Non Business Day, then settlement of securities will take place on the next Business Day.

Primary 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.

Investment Strategy - Under normal circumstances, the fund shall seek to generate reasonable returns commensurating with low risk by positioning itself at the lowest level of risk-return matrix.

The Scheme will invest predominantly in money market securities with some tactical allocation towards other debt securities to enhance the portfolio return. The portfolio will be structured to incorporate asset-liability management based on seasonal/historic trends of liabilities.

As yield curve has been observed to be flat (overnight to 3 months) during most of the times, attempt will be made to space out the assets uniformly across the maturity buckets. However any irregularity in the shape of the curve (steep/inverted) will be played out in the portfolio construction after analysing the macro-economic environment.

Differentiation - Categorised as a liquid Scheme in which applications for purchases/ switch-ins received before 2.00 p.m, gets historic NAV.

The Scheme cannot buy any Debt Securities or Money Market Instruments with maturity greater than 91 days.


Asset Allocation


Debt & money market instruments Minimum 65%; Maximum 99%

Equity & Equity related instruments Minimum 1%; Maximum 35%

Primary investment objective - To generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation.

Investment strategy - The Scheme has dual objectives of generating income and capital gains while attempting to manage the risk from the market. In order to achieve the twin objectives, the Scheme intends to follow a topdown and bottom-up investment strategy. The top-down process would lead to the asset-allocation between equities and fixed income and the bottom-up process would lead to construction of the portfolio using specific securities. The Scheme would invest both in equities and fixed income instruments. Allocation between the two asset classes will be done using a quantitative asset allocatiaon methodology. This methodology will be the primary tool to manage the overall risk of the portfolio in such a way as to achieve the objective of managing risk. The quantitative tool has been simulated with a target of limiting the downside to 5% in a calendar year. Within equities and fixed income, the portfolio would be actively managed to optimize returns within the respective asset class.

Differentiation - Equity Exposure up to 35% of the net assets.

AUM (` In crores) : 362.05; No. of Folios 14777

Asset Allocation


Government Securities, Treasury Bills, Repo & CBLO 100%

Primary Investment Objective - To generate returns similar to that of 10 year government bonds.

Investment Strategy - The scheme will aim to generate returns similar to the 10 year government bond through investments predominantly in government securities.

The scheme will endeavor to maintain an average maturity of close to 10 years. The normal range of average maturity for the scheme would be between 9 and 11 years. The scheme does not intend to actively manage the duration.

By investing predominantly in government securities, the scheme aims to maintain a high degree of credit quality and liquidity.

Differentiation - Dedicated to investment in government securities.


Asset Allocation


Debt & Money Market Instruments issued by banks 80% - 100%

CBLO, G- Secs, T-Bills and Repo* 0% - 20%

*Includes Financial institution and units of debt & liquid mutual fund schemes.

Primary Investment Objective - To generate stable returns by investing predominantly in debt & money market instruments issued by banks.

Investment Strategy - The scheme aims to generate stable returns by investing predominantly in debt & money market instruments issued by banks. The scheme endeavors to generate optimum returns with low credit risk.

Investment in debt & money market instruments issued by banks, treasury bills & government securities is primarily with the intention of maintaining high credit quality & liquidity. Atleast 70% of the net assets of the scheme shall be invested in securities rated AAA/A1+ and equivalent. The scheme shall not invest in securities rated below AA- or equivalent.

The investment team of the AMC will carry out rigorous in depth credit evaluation of the money market & debt instruments proposed to be invested in. The credit evaluation will essentially be a bottom up approach and include a study of the operating environment of the issuer, the past track record as well as the future prospects of the issuer and the short term/ long term financial health of the issuer.

Differentiation - The scheme invests predominantly in debt & money market instruments issued by banks.


Axis Liquid Fund

Axis Income Saver

Axis Constant Maturity 10 Year Fund

Axis Banking Debt Fund




Axis Fixed Income Opportunities Fund

Asset Allocation


Debt instruments & Money Market Instruments* 100%


Primary investment objective - To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum

Investment strategy - The scheme to generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. The fund manager will endeavour, through a process of robust credit risk assessment & research, to identify optimum credit opportunities in the market and invest in such instruments offering higher yields at acceptable levels of risk.

The fund manager will try to allocate assets of the scheme between various fixed income instruments taking into consideration the prevailing interest rate scenario, the liquidity of the different instruments and maintain a diversified portfolio with the objective of achieving stable risk adjusted returns. While investing the fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate bond yield curve) as well as kinks within a particular yield curve (e.g. the different points of the sovereign yield curve).

After doing a thorough research on the general macroeconomic condition, political environment, systemic liquidity, inflationary expectations, corporate performance and other economic considerations the portfolio duration and credit exposures will be decided.

Differentiation - The scheme invests in debt & money market instruments across the credit spectrum.

AUM (` In crores) : 70.96; No. of Folios 772


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.

Amount (words)(figures)

Axis Triple Advantage Fund

Axis Midcap Fund

Axis Equity Fund Axis Focused 25 Fund

Received subject to realisation, verification and conditions, an application for purchase of Units as mentioned in the application form. ACKNOWLEDGMENT SLIP

From

Application No.

Application No.

Cheque no. Date Amount Scheme

Stamp & Signature

TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer 18) In case the subscription amount is ` 10,000or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subscription amount and payable to the Distributor. Units will be issued against the balance amount invested.

I confirm that I am a first time investor across Mutual Funds.I confirm that I am an existing investor in Mutual Funds.

Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor.

First / Sole Applicant / Guardian

Second Applicant Third Applicant Power of Attorney Holder “I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker.”

Serial No., Date & Time StampSub-Distributor ARNDistributor ARN EUINSol ID / Internal Sub-Broker Employee Code

FORM 1 - FOR LUMPSUM / SIP INVESTMENTS

TO BE DETACHED BY KARVY & PRESENTED TO AXIS BANK CMS

Axis Long Term Equity Fund

to pay for the purchase of authorise you to debit my/our account no.

I/ We Name of the account holder(s)

DEBIT MANDATE Application No. (For Axis Bank A/c only.) To be processed in CMS software under client code “AXISMF”

Signature of First Account Holder

D D M M Y YDate

3

EXISTING INVESTOR'S FOLIO NUMBER (If you have an existing folio with KYC validated, please mention here and skip to section 3/4.)1

ARN ARN E

rdName (3 )

Mr. Ms. M/s

PAN Mobile

Resident Individual Proprietor HUF Society Minor Status FII

PIO Partnership Firm Trust Company NRI Other Specify

Occupation Pvt. Sector Service Housewife Public Sector Gov. Service Defence

Professional

Retired

Business Agriculture Student Other Specify Forex Dealer IND

IVID

UA

LS Gross Annual Income

ORNet-worth* in `

Any other information*Should not be older than one year

as on D D M M Y Y

Politically Exposed Person (PEP) Related to a PEP

<1L 1-5L 5-10L 10-25L >25L

Email ID

THIRD APPLICANT'S DETAILS

ndName (2 )

Mr. Ms. M/s

PAN Mobile

Joint (Default) Anyone or SurvivorMode of Holding

Resident Individual Proprietor HUF Society Minor Status FII

PIO Partnership Firm Trust Company NRI Other Specify

Occupation Pvt. Sector Service Housewife Public Sector Gov. Service Defence

Professional

Retired

Business Agriculture Student Other Specify Forex Dealer IND

IVID

UA

LS Gross Annual Income

ORNet-worth* in `

Any other information*Should not be older than one year

as on D D M M Y Y


<1L 1-5L 5-10L 10-25L >25L

Email

SECOND APPLICANT'S DETAILS

stName (1 )

Mr. Ms. M/s

Name of the Guardian if minor attach proof of date of birth / Contact person for non individuals / PoA holder name Guardian / PoA PAN

Date of birth PAN Refer 9

Guardian named below is MotherFather Court Appointed^

D D M M Y Y

For Investments "On behalf of Minor" (Refer 10) Birth Certificate School Certificate Passport Other

FIRST APPLICANT'S DETAILS2

Tel.Email (Refer 15a) Mobile

Correspondence / Overseas address (For FIIs/NRIs/PIOs)

Pin CodeCity State

Overseas address Country

(Non-individual invertors please fill in UBO annexure and attach along with application form) Ref. 8

IND

IVID

UALS

as on D D M M Y Y


Is the entity involved in any of the following:

Foreign Exchange/ Money Changer Yes No

25L-1C >1C<1L 1-5L 5-10L 10-25L >25L

Gaming/ Gambling/ Lottery (casinos, betting syndicates)

NO

N-IN

DIV

IDUA

LSGross Annual IncomeOR

Net-worth* in `

Any other information

*Not older than one year

Resident Individual Proprietor HUF Society PIO Partnership Firm Trust Other Company Minor FII NRIStatus Specify

Pvt. Sector Service Housewife Defence Professional Retired Business Agriculture Other Occupation Specify Public Sector Gov. Service Student Forex Dealer

as on D D M M Y YYes No

Money Lending/ Pawning Yes No

<1L 1-5L 5-10L 10-25L >25L

Signature of Second Account Holder Signature of Third Account Holder

Are you a tax resident of any country other than India? YesNo



Nationality Country of Birth



Axis Income Saver

Axis Enhanced Arbitrage Fund

welcome

Typewritten text

47791

Having read and understood the content of the SID / SAI of the scheme, I/we hereby apply for units of the scheme. I have read and understood the terms, conditions, details, rules and regulations governing the scheme. I/We hereby declare that the amount invested in the scheme is through legitimate source only and does not involve designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directives of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I/we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I/We confirm that the funds invested in the Scheme, legally belongs to me/us. In event “Know Your Customer” process is not completed by me/us to the satisfaction of the Mutual Fund, (I/we hereby authorize the Mutual Fund, to redeem the funds invested in the Scheme, in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the law.) The ARN holder has disclosed to me/us all the commissions (trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds amongst which the Scheme is being recommended to me/ us. I/We confirm that I/We do not have any existing Micro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding ̀ 50,000 in a year (Applicable for Micro investment only.) with your fund house. For NRIs only - I / We confirm that I am/ we are Non Residents of Indian nationality/origin and that I/We have remitted funds from abroad through approved banking channels or from funds in my/ our Non Resident External / Non Resident Ordinary / FCNR account. I/We confirm that details provided by me/us are true and correct.

QUICK CHECKLIST

KYC acknowledgement letter (Compulsory for MICRO Investments)

Self attested PAN card copy

Email id and mobile number provided for online transaction facility

Plan / Option name mentioned in addition to scheme name

SIP Auto Debit Form for SIP investments

Multiple Bank Accounts Registration form (if you want to register multiple bank accounts so that future payments can be made from any of the accounts)

Relationship proof between Guardian and Minor (if application is in the name of a Minor) attached

Additional documents attached for Third Party payments. Refer instructions.


Second Applicant Third Applicant Power of Attorney Holder

Name(Date of Birth if nominee is minor)

AddressGuardian Name

(in case Nominee is a Minor)

Signature(Guardian in case

Nominee is a Minor)

Allocation%

100%Unit Holder's SignatureIf you do not wish to nominate sign here.

NOMINATION DETAILS 6 (Refer 16)

DECLARATION AND SIGNATURE7



Current Savings NRO NRE FCNR Others

Bank Name

Bank A/c No.

IFSC Code (11 digit)*

Branch Name City Pin

Type Specify

BANK ACCOUNT DETAILS FOR PAY-OUT 5 (Mandatory. Refer 6 and avail of Multiple Bank Registration Facility.)

MICR Code (9 digit)* *Mentioned on your cheque leaf

DEMAT ACCOUNT DETAILS OF FIRST / SOLE APPLICANT (Name should be as per the demat account. Refer 17) NSDL CDSL

Depository Participant (DP) Name

DP ID Beneficiary A/c No.

Mode Cheque DD Axis Bank Debit Mandate (Please fill section 3.)

First SIP Installment details

SIP period Till you instruct to discontinue or no. of installments (ref 12(h))* from to*M M Y Y*Fill only if no. of installments havebeen specified, else leave blank.

Savings NRO NRE Current FCNR Others Specify

Amount (figures)

D D M M Y YDated

Pay-in A/c no. Drawn on bank / branch name

Account type

(words)

Monthly SIP Amount (figure)

Drawn on bank / branch name

Cheque / DD no.

(words)

Mode Cheque / DD Axis Bank Debit Mandate (Please fill section 3.) D D M M Y YDatedCheque / DD no.

M M Y Y

4A LUMPSUM Do not submit SIP Auto Debit Form

4B SIP (For SIP through Electronic Auto Debit submit SIP Auto Debit (Form 2) with Form 1

Scheme Option

Payment type Non-Third Party Payment Third Party Payment (Please attach 'Third Party Payment Declaration Form')

Dividend Frequency (Quarterly/ Half Yearly/ Annual)*Plan

INVESTMENT & PAYMENT DETAILS4 (Investors applying under Direct Plan must mention "Direct" against scheme name, refer 2)

LUMP SUM (Fill 5A only) MICRO LUMP SUM (Fill 5A only) MICRO SIP (Fill 5B)SIP ELECTRONIC AUTO DEBIT (Fill 5B) SIP AXIS BANK DEBIT MANDATE (Fill 5B)

*Applicable only for Axis Income Saver

SIP frequency (tick ü any one) Monthly Yearly th th stPreferred Debit Date (Any date except 29 , 30 and 31 ) D D

SIP facility is not available for Axis Enhanced Arbitrage Fund

PAN

Enclose

I / We declare that the particulars furnished here are correct. I / We authorise Axis Mutual Fund acting through its service providers to debit my / our bank account towards payment of SIP instalments through an Electronic Debit arrangement. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/we would not hold the user institution responsible. I/We will also inform Axis Mutual Fund about any changes in my bank account.

The Manager

NAME(S) & SIGNATURE(S) OF BANK ACCOUNT HOLDER(S) AS IN BANK RECORDS

X Sole/ 1st Unit Holder / POA 2nd Unit HolderX 3rd Unit HolderX

I / We authorize Axis Mutual Fund, acting through its service providers, to debit my account through ECS (Debit) clearing / Direct debit (Standing Instruction) as per the details given here:

I / We declare that the particulars furnished above are correct. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I / we would not hold the user institution responsible. I / We will also inform Axis Mutual Fund about any changes in my bank account.

Name of Bank Branch City

Name(s)

Signature(s)

(To be signed by all holders if mode of operation of Bank Account is ‘Joint’)Date D D M M Y Y

ATTESTED BY THE BANKER(Mandatory, if your First SIP Installment is through a Demand Draft / Pay Order)

I / We certify that the signature of account holder(s) and the bank account details are correct as per our records. Stamp & Signature

FOR OFFICE USE ONLY (not to be filled in by investor) We confirm that we have taken the above ECS / Auto Debit instructions on our records.

Recorded by Signature

Credit A/c No. Name

Recorded on Stamp of Bank Branch ManagerD D M M Y Y

First Name Middle Name Last Name

Email ID For receiving statements over email instead of post

OR

Sole/1st Bank Account Holder / POAXX

Sole/1st Bank Account Holder / POA

2nd Bank Account HolderXX 3rd Bank Account HolderXX

2nd Bank Account Holder 3rd Bank Account Holder

2nd Applicant 3rd Applicant





TMFORM 2 - SIP AUTO DEBIT FORM (SIP matlab Sleep In Peace )

TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer 18 and any one)

In case the subscription amount is ̀ 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subcription amount and payable to the Distributor. Units will be issued against the balance amount invested.

I confirm that I am a first time investor across Mutual Funds. I confirm that I am an existing investor in Mutual Funds.

Application Form No. (For New Applicants)

APPLICANT'S PERSONAL DETAILS (MANDATORY)1

Tick whichever is applicable : New SIP registration by new investor New SIP registration by existing investor Change in Bank details by investor

Folio No. (For Existing Unit holders)

Sole / 1st Unitholder

1st Applicant

Attested PAN card KYC Letter Attested PAN card KYC Letter Attested PAN card KYC Letter

DECLARATION AND SIGNATURE (To be signed by ALL UNIT HOLDERS if mode of holding is ‘joint’)2 Date D D M M Y Y

AUTO DEBIT AUTHORISATION BY BANK ACCOUNT HOLDERS3

Till you instruct Axis Mutual Fund to discontinue.Please fill in the ̀ To’ date only if no. of installments have been specified in the Application Form.

Scheme

SIP Auto Debit Date

SIP Installment Amount

SIP Auto Debit Period#(ref 12 (h))

Frequency (ref 12 (h))

(29th, 30th & 31st not available) (DD)

Plan*

Option

From To M M Y YM M Y Y

Please refer to KIM for min. installment amount

B) Account Number

D) 9-Digit MICR Number of the Bank & Branch

A) Folio No. / Application No.

C) Account Type (Please ü)

Savings Current Cash Credit

A/c holder's name as in bank records

*Investors applying under Direct Plan must mention "Direct" against scheme name.#For Long Term Equity minimum SIP instalment is 6 months.

ARN ARN E

Monthly Yearly

welcome

Typewritten text

47791

IA. Identity Details (please see guidelines overleaf)

Father’s/Spouse Name

Please affix

the recent passport

size photograph and

sign across it

PHOTOGRAPH

2. Gender B. Marital s tatus Single MarriedMale F emale C. Date of Birth /d d m m y y y y/

4. Status Please tick ( ) üResident Individual Non Resident Foreign National (Passport Copy Mandatory for NRIs & Foreign Nationals)

Aadhaar , if any: Number

5. PAN Please enclose a duly attested copy of your PAN Card

1. Name of Applicant (As appearing i n supporting i dentification document). Name

Seal/Stamp of the intermediary should contain

Staff Name

Designation

Name of the Organization

Signature

Date

B. Address Details (please see guidelines overleaf)

6. Any other information:

Date:Place:

I hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am/we are aware that I/we may be held liable for it.

DECLARATION SIGNATURE OF APPLICANT

2. Contact Details

Tel. (Off.) (ISD) (STD) Tel. (Res.)Mobile (ISD) (STD) FaxE-Mail Id.

(ISD) (STD)(ISD) (STD)

3. Proof of address to be provided by Applicant. Please submit ANY ONE of the following valid documents & tick ( ) against the document attached.ü Passport Ration Card Registered Lease/Sale Agreement of Residence Driving License * Bank A/c Statement/Passbook Voter Identity Card Latest * Land Line) * *Latest Gas Bill (Please specify) Latest Telephone Bill (only Latest Electricity Bill Others

*Not more than 3 Months old. Validity/Expiry date of proof of address submitted

/d d m m y y y y/

5. Proof of address to be provided by Applicant. Please submit ANY ONE of the following valid documents & tick ( ) against the document attached.ü Passport Ration Card Registered Lease/Sale Agreement of Residence Driving License * Bank A/c Statement/Passbook Voter Identity Card Latest * Land Line) * *Latest Gas Bill (Please specify) Latest Telephone Bill (only Latest Electricity Bill Others *Not more than 3 Months old. Validity/Expiry date of proof of address submitted

/d d m m y y y y/

3. Nationality Indian Other (Please specify)

6. Proof of Identity submitted for PAN exempt cases Please Tick ( )üUID (Aadhaar) Passport Voter ID Driving Licence Others (Please see guideline ‘D’ overleaf

1. Address for Correspondence

Pin CodeCountry

City / Town / VillageState

4. Permanent Address of Resident Applicant if different from above B1 OR Overseas Address (Mandatory) for Non-Resident Applicant

City / Town / Village Pin CodeState Country

FOR OFFICE USE ONLY

(Attested) True copies of documents received

(Originals Verified) Self Certified Document copies received

AMC/Intermediary name OR code

Main Intermediary

Seal/Stamp of the intermediary should contain

Staff Name

Designation

Name of the Organization

Signature

Date

/d d m m y y y y/IPV Done on

Know Your Client (KYC)Application Form (For Individuals Only)

Please fill in ENGLISH and in BLOCK LETTERS

Application No. :Place for

Intermediary Logo

A. IMPORTANT POINTS: Agreement of Residence/Driving License/Flat Maintenance 1. Self attested copy of PAN card is mandatory for all clients. bill/Insurance Copy.

2. Copies of all the documents submitted by the applicant should be 2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill self-attested and accompanied by originals for verification. In case - Not more than 3 months old.the original of any document is not produced for verification, then

3. Bank Account Statement/Passbook - Not more than 3 months old.the copies should be properly attested by entities authorized for

4. Self-declaration by High Court and Supreme Court judges, giving the attesting the documents, as per the below mentioned list.new address in respect of their own accounts.

3. If any proof of identity or address is in a foreign language, then 5. Proof of address issued by any of the following: Bank Managers of translation into English is required.

Scheduled Commercial Banks/Scheduled Co-Operative 4. Name & address of the applicant mentioned on the KYC form, should

Bank/Multinationa Foreign Banks/Gazetted Officer/Notary match with the documentary proof submitted.

public/Elected representatives to the Legislative 5. If correspondence & permanent address are different, then proofs for Assembly/Parliament/Documents issued by any Govt. or Statutory

both have to be submitted. Authority.

6. Sole proprietor must make the application in his individual name & 6. Identity card/document with address, issued by any of the following: capacity. Central/State Government and its Departments,

Statutory/Regulatory Authorities, Public Sector Undertakings, 7. For non-residents and foreign nationals,(allowed to trade subject to

Scheduled Commercial Banks, Public Financial Institutions, Colleges RBI and FEMA guidelines), copy of passport/PIOCard/OCICard and

affiliated to Universities and Professional Bodies such as ICAI, overseas address proof is mandatory.

ICWAI, ICSI, Bar Council etc.,to their Members.8. For foreign entities, CIN is optional; and in the absence of DIN no. for

7. For FII/sub account, Power of Attorney given by FII/sub-account to the directors, their passport copy should be given.

the Custodians (which are duly notarized and/or apostiled or consularised) that gives the registered address should be taken.9. In case of Merchant Navy NRI’s, Mariner’s declaration or certified

copy of CDC (Continuous Discharge Certificate) is to be submitted.8. The proof of address in the name of the spouse may be accepted.

10.For opening an account with Depository participant or Mutual Fund, D. Exemptions/clarifications to PAN

for a minor, photocopy of the School Leaving Certificate/Mark sheet (*Sufficient documentary evidence in support of such claims

issued by Higher Secondary Board/Passport of Minor/Birth to be collected.)Certificate must be provided.1. In case of transactions undertaken on behalf of Central Government 11.Politically Exposed Persons (PEP) are defined as individuals who are

and/or State Government and by officials appointed by Courts e.g. or have been entrusted with prominent public functions in a foreign Official liquidator, Court receiver etc.country, e.g., Heads of States or of Governments, senior

politicians, senior Government/judicial/military officers, senior 2. Investors residing in the state of Sikkim.executives of state owned corporations, important political party

3. UN entities/multilateral agencies exempt from paying taxes/filing tax officials, etc.

returns in India.B. Proof of Identity( POI): List of documents admissible as Proof

4. SIP of Mutual Funds upto Rs 50,000/- p.a.of Identity:

5. In case of institutional clients, namely, FIIs, Mfs, VCFs, FVCIs, 1. PAN card with photograph. This is a mandatory requirement for all Scheduled Commercial Banks, Multilateral and Bilateral applicants except those who are specifically exempt from obtaining Development Financial Institutions, State Industrial Development PAN (listed in Section D).Corporations, Insurance Companies registered with IRDA and Public

2. Unique Identification Number (UID) (Aadhaar) / Passport / Voter ID Financial Institution as defined under section 4A of the Companies

card / Driving license.Act, 1956, Custodians shall verify the PAN card details with the original PAN card and provide duly certified copies of such verified 3. Identity card/ document with applicant’s Photo, issued by any of the PAN details to the intermediary.following: Central/State Government and its Departments,

Statutory/Regulatory Authorities, Public Sector Undertakings, E. List of people authorized to attest the documents:

Scheduled Commercial Banks, Public Financial Institutions, Colleges 1. Notary Public, Gazetted Officer, Manager of a Scheduled

affiliated to Universities, Professional Bodies such as ICAI, ICWAI, Commercial/Co-operative Bank or Multinational Foreign Banks

ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards (Name, Designation & Seal should be affixed on the copy).

issued by Banks.2. In case of NRIs, authorized officials of overseas branches of

C. Proof of Address (POA): List of documents admissible as Proof Scheduled Commercial Banks registered in India, Notary Public,

of Address: (*Documents having an expiry date should be Court Magistrate, Judge, Indian Embassy/Consulate General in the

valid on the date of submission.)country where the client resides are permitted to attest the

1. Passport/Voters Identity Card/Ration Card/Registered Lease or Sale documents.

INSTRUCTIONS / CHECK LIST FOR FILLING KYC FORM

Please Submit the KYC Documents on A4 Size Paper Only.

I

The EasyCall & EasySMS facility lets you invest in select schemes of Axis Mutual Fund by simply calling toll free on 1800 3000 3300 or sending an SMS to 9212010033. To register for this facility, please submit this form along with a copy of a cancelled cheque.

EasyCall & EasySMS is presently available to investors who have accounts with select banks participating in National Automated Clearing House (NACH).

Existing Folio No.

Name of Second Applicant

Name of Third Applicant

MANDATE FOR REGISTRATION (TO BE FILLED ONE TIME ONLY)

Date D D M M Y Y

Name of First Applicant

/

Mobile No. Email ID

SIGNATURE

1st Applicant Holder 2nd Applicant Holder 3rd Applicant Holder

I request you to update my mobile number in the folio no(s) mentioned above .To transact for EasyCall & EasySMS and receive SMS alerts on mobile phone done in my account.

I / We have read the Terms and conditions of account opening. I / We are aware that Axis Mutual Fund and its Electronic Debit Service Provider(s) are authorised to process transactions through the Electronic Debit Arrangement. For this purpose, I / we authorize Axis Fund and its designated service provider(s) to debit my / our account with your branch. The payments should be effected to Axis Mutual Fund and / or its service providers. I also hereby agree to read the respective SID & SAI of the mutual fund before investing in any scheme of Axis Mutual Fund using this facility.

1.

Signature Primary Account holder

Name as in bank records 2.

Signature of Account holder



Name as in bank records

UMRN Date

PERIOD

From

To

Or Until Cancelled

This is to confirm that the declaration has been carefully read, understood & made by me/us

CREATE

MODIFY

CANCEL

I/We hereby authorize to debit (tick ) SB /CA /CC /SB-NRE /SB-NRO /Other

Bank a/c number

with Bank Name of customers bank

an amount of Rupees

IFSC

Folio No.

FREQUENCY Mthly Qtly H-Yrly Yrly As & when presented Fixed Amount Maximum Amount DEBIT TYPE

Sponsor Bank Code Utility Code

Phone No.

Email ID

MICRor

All Schemes of Axis Mutual Fund

Reference 1

Reference 2

`

Axis Mutual Fund

Bank use

Bank use

M MD D Y Y Y Y

Bank use

Y Y Y Y

Y Y Y YMD D M

MD D M

1 For first time investors in Axis Mutual Fund, this form should be submitted along with application form.

2 For existing investors, simply submit this completed mandate just once.

3 Post registration, you can invest a maximum of ` 500,000 at a time using EasyCall & EasySMS. Registration will take 25 days from the date of submission of form.

4. This facility is currently available to HUFs, Proprietor Firms and individual investors with “Single” / “Anyone or Survivor” status as the mode of holding. Please read the SID/SAI for terms and conditions.

5 The Distributor ARN for an EasyCall transaction will be the same as registered against the folio in which the transaction is being done. In case a folio has multiple brokers registered, then the EasyCall transaction is made under the Distributor ARN of the last transaction in the folio.

6 Please do not fill UMRN, Sponsor Bank Code and Utility Code given on the form. This is for bank use only.

1 Axis Asset Management Company Limited (AMC) has the right to ask such information (Key Information) from the available data of the Investor/s before allowing him access to avail the EasyCall & EasySMS facility (the Facility). If for any reason, the AMC is not satisfied with the replies of the Investor/s, the AMC has at its sole discretion the right of refusing access without assigning any reason/s to the Investor/s.

2 It is clarified that the Facility is only with a view to accommodate / facilitate the Investor/s and offered at the sole discretion of the AMC. The AMC is not bound and/or obliged in any way to give access to the Facility to Investor/s.

3 The Investor/s shall check his/ her account records carefully and promptly. If the Investor/s believes that there has been a mistake in any transaction using the Facility, or that an unauthorized transaction has been effected, the Investor/s shall notify the AMC immediately. If the Investor/s defaults in intimating the discrepancies in the statement within a period of fifteen days of receipt of the statements, he waives all his rights to raise the same in favour of the AMC, unless the discrepancy/ error is apparent on the face of it. By opting for the facility the Investor/s hereby irrevocably authorizes and instructs the AMC to act as his/ her agent and to do all such acts as AMC may find necessary to provide the Facility.

4 The Investor/s shall at all times be bound by any modifications and/ or variations made to these Terms and Conditions by the AMC at their sole discretion and without notice to them.

5 The Investor/s agrees and confirms that the AMC has the right to ask the Investor/s for an oral or written confirmation of any transaction request using the Facility and/ or any additional information regarding the Account of the Investor/s.

6 The Investor/s agrees and confirms that the AMC may at its sole discretion suspend the Facility in whole or in part at any time without prior notice.

7 The Investor/s shall not assign any right or interest or delegate any obligation arising herein.

8 The Investor/s shall take responsibility for all the transactions conducted by using the Facility and will abide by the record of transactions generated by the AMC. Further, the Investor/s confirms that such records generated by the AMC shall be conclusive proof and binding for all

TERMS AND CONDITIONS

purposes and may be used as evidence in any proceedings and unconditionally waives all objections in this behalf.

9 The Investor/s agrees that use of the Facility will be deemed acceptance of the Terms and Conditions and the Investor/s will unequivocally be bound by these Terms and Conditions. The Investor agrees that all calls received shall be eligible for same day NAV subject to necessary formalities to be complied by the AMC in case of transaction through EasyCall & EasySMS Facility on or before the uniform cut off time.

10 Requests like change in bank mandate, change of nomination, change in mode of holding, change of address or such other requests as the AMC may decide from time to time will not be permitted using the EasyCall & EasySMS facility.

11 EasySMS option is for all the investors of AXIS MF. Investment is restricted up to ̀ 500,000 per transaction.

12 The cut off time for EasySMS transactions is 3:00 pm on all business days and if the sms for transaction is received after 3:00 pm it would be considered for the next day transaction.

The Investor/s shall not hold the AMC liable for the following:

1. For any transaction using the Facility carried out in good faith by the AMC on instructions of the Investor/s

2. For unauthorized usage/ unauthorized transactions conducted by using the Facility

3. For any loss or damage incurred or suffered by the Investor/s due to any error, defect, failure or interruption in the provision of the Facility arising from or caused by any reason whatsoever

4. For any negligence/mistake or misconduct by the Investor/s

5. For any breach or non-compliance by the Investor/s of the rules/ terms and conditions stated in the Scheme Information Document

6. For accepting instructions given by any one of the Investor/s in case of joint account/s having mode of operations as "Either or Survivor" or "anyone or survivor"

7. For not verifying the identity of the person giving the telephone instructions in the Investor/s name

8. For not carrying out any such instructions where the AMC has reason to believe (which decision of the AMC the Investor/s shall not question or dispute) that the instructions given are not genuine or are otherwise improper, unclear, vague or cause for doubt

9. For carrying out a transaction after such reasonable verification as the AMC may deem fit regarding the identity of the Investor/s

10. In case of error in NAV communication

11. For accepting instructions given by any one of the Investor/s or his/her authorized person

12. For list of National Automated Clearing House (NACH) banks please visit www.npci.org.co.in

SIP registration using EasyCall shall be accepted for the period mentioned on the EasyCall mandate. In case the SIP end date is beyond the end date of the EasyCall mandate, then the end date of the EasyCall mandate shall be considered.

SIP is not available through Easy SMS

INDEMNITIES IN FAVOUR OF THE AMC

POINTS TO NOTE

SYSTEMATIC TRANSFER PLAN (STP)

First / Sole Applicant / Guardian Third ApplicantSecond Applicant POA Holder

*Ref. Instruction 11. $ Ref Instruction 12. #Please refer to the Scheme Information Documents of respective schemes for STP availability. STP out available and registered under Axis Long Term Fund, only For the Units which are Free of 3 years lock-in.

PAN (mandatory) Enclosed PAN Proof KYC Acknowledgment letter

Having read and understood the contents of the Scheme Information Document of the Scheme(s), I / we hereby apply for units of the Scheme(s) and agree to abide by the terms, conditions, rules and regulations governing the Scheme(s). I/ We hereby declare that the amount invested in the Scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I / We have understood the details of the Scheme(s) & I / we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I / We confirm that the funds invested in the Scheme(s), legally belong to me / us. In the event "Know Your Customer" process is not completed by me / us to the satisfaction of the Mutual Fund, I / we hereby authorise the Mutual Fund, to redeem the funds invested in the Scheme(s), in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the Law.

The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.

For NRIs only: I / We confirm that I am / we are Non Residents of Indian nationality / origin and that I / we have remitted funds from abroad through approved banking channels or from funds in my / our Non-Resident External / Non-Resident Ordinary / FCNR account.

I / We confirm that details provided by me / us are true and correct.

EXISTING FOLIO NUMBER

SYSTEMATIC TRANSFER PLAN (STP) (To be submitted at least 7 days before the 1st due date for transfer).

Plan

Option (tick ü) Growth Dividend Reinvestment Dividend Payout Bonus Dividend Frequency

Plan Existing Direct Retail

Plan


Plan Existing Direct

#From Scheme

To Scheme

Date D D M M Y Y


“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker.”



OR APPLICATION NO.

Transfer Frequency (Please tick (ü) any one of the below frequencies)

Daily

Weekly*

Fortnightly (Every Alternate Wednesday)

Monthly $

Quarterly $

Serial No., Date & Time StampSub-Distributor ARNDistributor ARN EUINSol ID / Internal Sub-Broker

ARN ARN

Employee Code

E

Transfer Instalment `

No. of Instalments

Total Transfer `

D D M M Y Y D D M M Y YTransfer Period From

(First Instalment) (Last Instalment)

OR

Systematic Transfer Plan (STP) (Ref. Instruction 5) Capital Appreciation Systematic Transfer Plan (CapSTP) (Ref Instruction 6)

(Please tick ü any one) Ref. Instruction 5


Weekly (Monday To Friday) * Day of transfer

Monthly $

Quarterly $

1st 7th 10th 15th 25th


(Please tick (ü) any one)(Monday To Friday) Day of transfer

welcome

Typewritten text

47791

STP Enrolment Form - Instruction1. The STP Enrolment Form should be completed in English and in Block Letters only. Please tick in the appropriate box, where boxes have been provided. The

STP Enrolment Form complete in all respects, should be submitted at any of the Official Points of Acceptance of Axis Mutual Fund.

2. One STP Enrolment Form can be filled for one Scheme/Plan/Option only.

3. Investors are advised to read the Key Information Memorandum(s) (KIMs) and Scheme Information Document(s) (SIDs) of the Transferee Scheme(s) and Statement of Additional Information (SAI) carefully before investing. The SIDs / KIMs of the respective Scheme(s) andSAI are available with the ISCs of Axis Mutual Fund, brokers/distributors and also displayed at the Axis Mutual Fund website i.e. www.axismf.com

4. Unit holders should note that unit holders’ details and mode ofholding (single, joint, anyone or survivor) in the Transferee Scheme will be as per the existing folio number of the Transferor Scheme, Units will be allotted under the same folio number. Unit holders’ names should match with the details in the existing folio number, failing which; the application is liable to be rejected.

5. STP offers unit holders the following two Plans:

1. Systematic Transfer Plan (STP)

2. Capital Appreciation Systematic Transfer Plan (CapSTP)

Investor’s can opt for any of the above facility.

Systematic Transfer Plan (STP) offers transfer facility at Daily, Weekly, Fortnightly, Monthly and Quarterly intervals.

Capital Appreciation STP (CapSTP) offers transfer facility at Weekly, Monthly and Quarterly intervals. If no frequency is chosen, Monthly frequency shall be treated as the Default Frequency.

6. Under the CapSTP-Weekly Interval, unit holders will be eligible to transfer the entire capital appreciation amount (minimum Rs. 500) by way of capital appreciation from Monday to Friday.

Monthly Interval, unit holders will be eligible to transfer the entire capital appreciation amount(minimum Rs. 500) by way of capital appreciation on the 1st, 7th, 10th, 15thor 25thof each month.

Under the CapSTP-Quarterly Interval, unit holders will be eligible to transfer the entire capital appreciation amount (minimum ` 1,000) by way of capital appreciation on the 1st, 7th, 10th,15th or 25thof the first month of each quarter. The beginning of the quarter could be of any month e.g. January, March, July, September, etc. Please note that no transfers will take place if there is no minimum capital appreciation amount (except for last transfer leading to closure of account). The capital appreciation, if any, will be calculated from the enrolment date of the CapSTP under the folio, till the first transfer date. Subsequent capital appreciation, if any, willbe the capital appreciation between the previous CapSTP date(where CapSTP has been processed and paid) and the next CapSTP date.

7. The provision of ‘Minimum Redemption Amount’ as specified in the Scheme Information Document(s) of the respective designated Transferor Schemes and ‘Minimum Application Amount’ specified in the Scheme Information Document(s) of the respective designated Transferee Schemes will not be applicable for STP.

8. Minimum amount as per the table given below and thereafter in multiple of ̀ 1 except Axis Long Term Equity Fund Min. Amount ̀ 500 for all frequency and thereafter in multiples of ̀ 500/-

The minimum number of instalments and amount under STP and Cap STP is as follows:

STP CapSTP

STP Frequency Cycle Date Minimum Minimum Minimum MinimumAmt Instalment Amt Instalment

Daily Monday To Friday 1000 6 NA NA

Weekly Monday To Friday 1000 6 500 6

Fortnightly Alternate Wednesday 1000 6 NA NA

Monthly 1st, 7th, 10th, 15th or 25th 1000 6 500 6

Quarterly 1st, 7th, 10th, 15th or 25th 3000 2 1000 2

9. List of transferor and transferee schemes:

Sr no. Schemes Name STP Out (Transferor Scheme) STP In (Transferee Scheme)

1 Axis Liquid Fund ü ü

2 Axis Treasury Advantage Fund ü ü

3 Axis Short Term Fund ü ü

4 Axis Income Saver Fund ü ü

5 Axis Equity Fund ü ü

6 Axis Long Term Equity Fund* ü ü

7 Axis Triple Advantage Fund ü ü

8 Axis Mid Cap Fund ü ü

9 Axis Dynamic Bond Fund ü ü

10 Axis Gold Fund ü ü

11 Axis Constant Maturity 10 Year Fund ü ü

12 Axis Income Fund ü ü

13 Axis Banking Debt Fund ü ü

14 Axis Focused 25 Fund ü ü

15 Axis Fixed Income Opportunities Fund ü ü

16 Axis Enhanced Arbitrage Fund ü ü

*STP Out allowed from Axis Long Term Equity Fund for those investments which have completed the lock-in period of 3 years.

10. Unit holders are required to fill in either the number of instalments or the enrolment period in the enrolment Form, failing which the Form is liable to be rejected.

11. In case Day of Transfer has not been indicated under STP- Weekly frequency, Wednesday shall be treated as Default day.

12. In case, the Enrolment Period has been filled, but the STP Date and/or Frequency (Monthly/Quarterly) has not been indicated, Monthly frequency shall be treated as Default frequency and 10th shall be treated as Default Date.

13. The application for STP/ CapSTP enrolment - Monthly & Quarterly Interval should be submitted at least 7 working days and not more than 90 days before the desired commencement date.

14. In respect of STP, the Load Structure prevalent at the time of enrolment shall govern the investors during the tenure of the STP.

15. A minimum period of 7 working days shall be required for registration under STP. Units will be allotted/redeemed at the applicable NAV of the respective dates of the Scheme on which such investments/withdrawals are sought from the Scheme.

16. The AMC reserves the right to introduce STPs at any other frequencies or on any other dates as the AMC may feel appropriate from time to time. In the event that such a day is a Holiday, the transfer would be affected on the next Business Day.

17 The requests for discontinuation of STP/CapSTP shall be subject to an advance notice of 15 days before the next due date for STP.

18. STP will terminate automatically if all Units are liquidated or withdrawn from the account or upon the Funds’ receipt of notification of death or incapacity of the Unit holder. Further, in case where the balance amount in a folio is less than the STP/CapSTP amount, the entire amount will be transferred to the transferee scheme.

19. If STP date/day is a non-Business Day, then the next Business Day shall be the STP Date / Day and the same will be considered for the purpose of determining the applicability of NAV.

20. The Trustee reserves the right to change/modify the terms and conditions of the STP. For the updated terms and conditions of STP, contact the nearest ISC or visit our website www.axismf.com

SYSTEMATIC WITHDRAWAL PLAN (SWP)

1. Please refer the Key Information Memorandum and Scheme information documents and Statement of additional information of the respective Schemes(s) for Applicable NAV, Risk Factors, Load Structure and other information on the Scheme(s).

2. Contingent Deferred Sales Charge (CDSC)/Exit Load if any is applicable to SWP.

3. The AMC reserves the right to accept SWP applications of different amounts, dates and frequency.

4. You can choose to discontinue any of these facilities by giving 15 days prior notice in writing to our Registrar Karvy and it will terminate automatically if all the Units are liquidated, or withdrawn from the account or the holdings fall below the SWP amount.

5. The bank account as mentioned in the above folio would be considered for such credits, incase you wish to change the bank account fill in a Common Transaction Slip available at www.axismf.com.

6. Incorrect, incomplete, ambagious forms will not be accepted and will be returned to the investor within 30 days of their receipt.

7. Minimum amount is 1000/- and thereafter in multiple of 1/- only except Axis Long Term Equity Fund.

8. If SWP date and frequence is not mentioned by investor default date & frequency would be considered as 10th of every month and monthly respectively.

` `

#INSTRUCTION & INFORMATION


To be signed by All Applicants if mode of operation is “Joint”


DECLARATION AND SIGNATURES

Mr / Mrs

Existing Folio Number

PAN Enclosed PAN Proof KYC Acknowledgment letter

E-mail ID

INVESTOR’S INFORMATION

# stSWP DETAILS (To be submitted atleast 15 days before 1 due date. Please (ü) the appropriate option)

SWP From Scheme Axis Equity Fund Axis Gold Fund Axis Income SaverAxis Triple Advantage Fund Axis Midcap Fund Axis Focused 25 FundAxis Dynamic Bond Fund Axis Short Term Fund Axis Income FundAxis Treasury Advantage Fund Axis Banking Debt Fund Axis Constant Maturity 10 year Fund

#Axis Long Term Equity Fund Axis Liquid Fund

Plan Regular Direct

Option Growth Dividend Payout Dividend Re-investment Bonus

Withdrawal Amount ` `

Withdrawal Frequency Monthly (minimum 6) Quarterly (minimum 4) Half Yearly (minimum 4) Yearly (minimum 2)

Withdrawal Period From To OR No. of installments

st th th th thSWP Date* 1 5 10 15 25

*In the event that such a day is a holiday, the withdrawal would be affected on the next business day.# Units completed three years of lock in period in Axis Long Term Equity Fund would be eligible for SWP facility. Minimum installment ` 500/- multiple ` 1/-.

in figures in words

Date D D M M Y Y






ARN ARN

Employee Code

E

APPLICATION NO.

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47791

I/We have read and understood the contents of the offer document & the instructions for the Trigger Plan. I/We hereby apply for the same and agree to abide by the terms, conditions rules & regulations of the plan.


EXISTING UNIT HOLDER INFORMATION1

Folio No.

Name of scheme

Transaction date D D M M Y Y Y Y Transaction amount

(Any transaction date & its respective transaction amount)

OPTION - A2 OPTION - B

Please tick ANY ONE of the following

Nifty Index level reached or above_____

Nifty Index level reached or below______

NAV is at or above Rs. _______

NAV appreciates by ___%

NAV appreciates or depreciates by _____%*

NAV Depreciates by _____%*

*All units will be switch out / Redeem.


Switch out to : Scheme

Plan Option

or

Redemption

Please tick any one of the following actions to be initiated on encountering the above situation

Full or To the extent of capital appreciation or To the extent of principal amount (The default option will be Full.)



1. Please use separate forms for each transaction under each folio.

2. Unit holders are requested to tick only one tirgger situation/ action mentioned under sec A & B above per transaction. In the event of multiple triggers for a particular transaction, the trigger request will be deemed to be cancelled and would not be registered.

3. Trigger is an additional facility provided to the unit holders to save the time for completing the redemption/ switch formalities on happening of a particular event. Trigger is not to be conceived as an assurance on part of Axis Mutual Fund that the investor will manage to receive a particular sum of money/ appreciation/ and/ or fixed % of sum.

4. This form duly completed must be submitted at the nearest Designated Investor Service Centre which are available an www.axismf.com.

5. Trigger option is available in below schemes

Source Schemes : • Axis Liquid Fund Axis Treasury Advantage Fund Axis Short Term Fund Axis Banking Debt Fund Axis Equity Fund • Axis Midcap Fund • Axis Focused 25 Fund • Axis Triple Advantage Fund • Axis Income Saver • Axis Gold Fund • Axis Dynamic Bond Fund • Axis Income Fund • Axis Long Term Equity Fund*

Target Schemes : • Axis Liquid Fund • Axis Treasury Advantage Fund • Axis Short Term Fund • Axis Banking Debt Fund • Axis Equity Fund • Axis Midcap Fund • Axis Focused 25 Fund • Axis Triple Advantage Fund • Axis Income Saver • Axis Gold Fund • Axis Dynamic Bond Fund • Axis Income Fund • Axis Long Term Equity Fund

*Investor's those completed the lock-in period of 3 years may apply for trigger.

• • • •

INSTRUCTIONS FOR TRIGGER

1. The NAV INR level specified by the unit holder must be in multiples of 5 paisa e.g. INR 10.50, INR.10.55, INR. 10.60, etc..

2. The NAV percentage level specified by the unit holder must be in multiples of 1 % percentage E.g. 10%, 11%, 12%, and so on…

3. On the trigger date (the day of event occurrence), the eligible amount for redemption will be redeemed by redemption of units in the said Scheme at the closing NAV of the same day i.e. the trigger date and process next day. Once a transaction is processed, the same will not be reversed and it will be final and binding upon the unit holder.

4. All requests for registering or deactivating the trigger facility shall be subject to an advance notice of 10 (ten ) working days.

5. For the switch out / Redemption transaction processed through trigger, the load will be applicable as per SID of the respective Schemes.

6. The specified trigger will fail, if the investor(s) do not maintain sufficient balance in the scheme (specific transaction) on the trigger date. Trigger will also not get executed in case units are pledged/ lien or on receipt of request for Switch , redemption and transmission.

7. Axis Asset Management Company Limited reserves the right to reject trigger request without assigning any reason and also reserves the right to change/modify the terms and conditions of trigger facility.

NOTE




Name


ARN ARN

Employee Code

E

OPTION - A OPTION - B


Nifty Index level reached or above_____

Nifty Index level reached or below______

NAV is at or above Rs. _______

NAV appreciates by ___%

NAV appreciates or depreciates by _____%*

NAV Depreciates by _____%*

*All units will be switch out / Redeem.


Switch out to : Scheme

Plan Option

or

Redemption

Please tick any one of the following actions to be initiated on encountering the above situation

Full or To the extent of capital appreciation or To the extent of principal amount (The default option will be Full.)

Folio No.

Scheme Name

Stamp & Signature

AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled by the investor)

welcome

Typewritten text

47791


ARN ARN

Employee Code

E

DIVIDEND SWEEP OPTION FORM

Date D D M M Y Y

Folio No.

Name

From Scheme OptionPlan



First / Sole Applicant / Guardian / POA

Second Applicant Third Applicant

SIGNATURE


First / Sole Applicant / Guardian / POA

Second Applicant Third Applicant

FEATURES AND TERMS OF DIVIDEND SWEEP OPTION FACILITY

1) Dividend Sweep Option (DSO) is available to unit holder(s) only under Dividend Plan / Option except Daily Dividend Plan / Options of the Source Scheme(s). Unit holder(s)’ registration under the DSO will override any previous instructions for ‘Dividend Payout’ or ‘Dividend Reinvestment’ facility in the Source Scheme. Target Scheme can be any plan/option as mentioned under the Scheme Information Document (SID) of respective schemes.

2) The registration for DSO facility should be for all units under the respective Dividend Plan / Option of the Source Scheme. Partial Dividend Sweep not allowed.

3) Below schemes are eligible for dividend Sweep Option (DSO)

Source Schemes : • Axis Liquid Fund • Axis Treasury Advantage Fund • Axis Short Term Fund • Axis Banking Debt Fund • Axis Equity Fund • Axis Long Term Equity Fund • Axis Midcap Fund • Axis Focused 25 Fund • Axis Triple Advantage Fund • Axis Income Saver • Axis Gold Fund • Axis Dynamic Bond Fund • Axis Income Fund • Axis Constant Maturity 10 Year Fund.

Target Schemes : • Axis Liquid Fund • Axis Treasury Advantage Fund • Axis Short Term Fund • Axis Banking Debt Fund • Axis Equity Fund • Axis Long Term Equity Fund • Axis Midcap Fund • Axis Focused 25 Fund • Axis Triple Advantage Fund • Axis Income Saver • Axis Gold Fund • Axis Dynamic Bond Fund • Axis Income Fund • Axis Constant Maturity 10 Year Fund

4) The Minimum Amount of dividend eligible for Dividend Sweep Option (DSO) is ̀ 1000/-. In case Dividend Sweep amount being less than eligible amount, then the dividend will be reinvested in source scheme/Pay out as per the existing option.

5) The minimum purchase amount criteria in the respective Target Scheme’s will not be applicable under DSO.

6) The dividend amount to be invested under the DSO from the Source Scheme to the Target Scheme shall be invested by subscribing to the units of the Target Scheme at applicable NAV, subject to payment of Entry/Exit Load as applicable.

7) The Unit holders who wish to enroll for DSO are required to fill and submit the request form available with the nearest ISCs / and also displayed on the website www.axismf.com. Please use separate forms for each Folio/Scheme/Option.

8) New Investor who wishes to opt for DSO is required to fill in source scheme application form as well as DSO enrolment form.

9) The DSO will be terminated if the unit holding under the source scheme becomes nil /units are pledged/lien or on receipt of request for transmission.

10) The requests for registration/ deactivation of DSO must be submitted at least 10 days prior to the Record Date of the dividend. In case condition not being met, the enrolment would be considered valid from the immediately succeeding Record Date of the dividend.

11) If investor has not provided option / plan for the Target Scheme, then default option as per set parameters of the Target Scheme shall be considered.

12) Axis Asset Management Company Limited reserves the right to reject DSO request without assigning any reasons there and also reserves the right to change / modify the terms & conditions of DSO at any time.

To Scheme OptionPlan

“I/We hereby apply for enrolment under Dividend Sweep Option (DSO) and agree to abide by the terms and conditions of DSO”.

Application No.

From Scheme

Plan Option

(Scheme Name)

AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled by the investor)

Folio No.

Stamp & SignatureTo Scheme

Plan Option

(Scheme Name)

welcome

Typewritten text

47791

DETAILS UNDER FATCA / FOREIGN TAX LAWS

Sole Applicant Second Applicant Third Applicant Guardian

*The below information is required for all applicant(s), guardian(s).Please above box as applicable and submit a separate form(s) for each category(ü)

Annexure to Common Application Form No.: for:

INDIVIDUAL INVESTORS

1. Country of birth

3. Are you a tax resident of any other country other than India? If yes, Please indicate all countries in which you are resident for tax purposes and the associated Tax Reference Numbers below.

Country of Tax Residency Tax Reference Number

Annexure to Common Application Form No.

NON INDIVIDUAL INVESTORS

Please indicate all countries in which the organization is a resident for tax purposes and the associated Tax ID Numbers below

Country of Tax Residency Tax ID Number

Declaration: I declare that the information provided in this form is to the best of my knowledge and belief, accurate and complete. I agree to notify Axis Mutual Fund immediately in the event the information in the self-certification changes.

INSTRUCTIONS

Details under FATCA/Foreign Tax Laws: Tax Regulations require us to collect information about each investor’s tax residency. In certain circumstances (including if we do not receive a valid self-certification from you) we may be obliged to share information on your account with relevant tax authorities. If you have any questions about your tax residency, please contact your tax advisor. Should there be any change in information provided, please ensure you advise us promptly, i.e., within 30 days. If you are a US citizen or resident or greencard holder, please include United States in the foreign country information field along with your US Tax Identification Number. Foreign Account Tax Compliance provisions (commonly known as FATCA) are contained in the US Hire Act 2010.

Date D D M M Y Y

Name of Applicant / Guardian/ POA PAN Date

D D M M Y Y

Signatory

AND

Please tick the relevant box below, even if Country of Tax Residency is India

Form W8 BEN-E / (specified declaration (Enclosed))

Unable to Provide [Axis Mutual Fund will contact you in due course to confirm your FATCA Status]

^Where no box is ticked, the second statement will be taken as the default implying that the applicant/investor currently is unable to confirm FATCA status and will confirm the same in future.

Name of the organisation PAN D D M M Y YDate

Name of the Authorized Signatory Signatory

Declaration: I/We declare that the information provided in this form is to the best of my knowledge and belief, accurate and complete. I/We agree to notify Axis Mutual Fund immediately in the event the information in the self-certification changes.

2. Country of citizenship / Nationality

OR

FATCA DECLARATION & DETAILS FOR ENTITIES

Are you a financial institution (including an FFI) (Please see definitions in Part X-3) – if yes, please fill Part X1 of this Form

We are a financial institution

Date D D M M Y Y

1. Yes No

2. If No to Qs. 2, you are an NFFE. (Please see definitions in Part X3) – please fill Part X2 of this Form

Part X-1

1. Yes GIIN:GIIN not available : ? Applied for ? Not required to apply for ? Not obtained

Are you a listed company (that is, a company whose shares are regularly traded on a recognised stock exchange)

Part X-2 (Please tick wherever applicable)

1. Yes

Name of the stock exchange

(please specify any one stock exchange upon which the stock is regularly traded)

2. Are you a related entity of a listed company Name of the company, the stock of which is regularly traded

Name of the stock exchange

(please specify any one stock exchange upon which the stock is regularly traded)

3. Are you an active NFFE Yes, Nature of business

No

(If Yes, stop at Q3, if No, answer Q4)

4. Are you a passive NFFE (Please provide details of controlling persons and their country of citizenship/ residency – in the below-mentioned format)

Yes, Nature of business

Refer AMFI Circular.For passive NFFE please list below each controlling person, confirming ALL countries of tax residency/ permanent residency/ citizenship and ALL Tax Identification Numbers for EACH controlling persons.

NameCountry of tax residency/

permanent residency^Country of citizenship Address

Tax identification number (or functional equivalent)

^To include U.S.A. where controlling person is a U.S. citizen or green card holder.(Please attach additional sheets if necessary). Note: For terms in italics, please see the definitions section.

Part X-3

A. Foreign Financial Institution (FFI)- The term FFI means any financial institution that is a:

• Depository institution: Accepts deposits in the ordinary course of banking or similar business.

• Custodial institution As a substantial portion of its business, holds financial assets for the account of others

• Substantial portion

An entity holds financial assets for the account of others as a substantial portion of its business if the entity's gross income attributable to holding financial assets and related financial services equals or exceeds 20 percent of the entity's gross income during the shorter of-

(1) The three-year period ending on December 31 of the year preceding the year in which the determination is made;

(2) The period during which the entity has been in existence before the determination is made. )

Income attributable to holding financial assets and related financial services

Income attributable to holding financial assets and related financial services means custody, account maintenance, and transfer fees; commissions and fees earned from executing and pricing securities transactions; income earned from extending credit to customers with respect to financial assets held in custody by the entity (or acquired through such extension of

Definitions

Please seek advice from Tax professional on any FATCA aspects.

Name of the organisation PAN D D M M Y YDate

Name of the Authorized Signatory Signatory

Part X-3

credit); income earned on the bid-ask spread of financial assets; fees for providing financial advice with respect to financial assets held in (or potentially to be held in) custody by the entity; and fees for clearance and settlement services)

• Investment entity : Conducts a business or operates for or on behalf of a customer for any of the following activities-

• Trading in money market instruments, foreign exchange,foreign currency,etc.

• Individual or collective portfolio management

• Investing, administering or managing funds,money or financial asset on behalf of other persons.

• Insurance company: Entity issuing insurance products i.e. life insurance or cash value products.

• Holding company or treasury company: Is an entity that is a holding company or treasury centre that is a part of an expanded affiliate group that includes a depository, custodial institution, specified insurance company or investment entity

B. Non-financial foreign entity (NFFE)- Foreign entity that is not a financial institution (including a territory NFFE)

Types of NFFEs excluded from FATCA reporting are: :

• Publicly traded corporation (listed company)

• The stock of such corporation is regularly traded on one or more established securities markets

• Related entity of a listed company

• The entity identified is a member of the same expanded affiliate group as an entity the stock of which is regularly traded on an established securities market;

• Active NFFE : (is any one of the following):

• Less than 50 percent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 percent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income;

• The NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory;

• The NFFE is a government (other than the U.S. government), a political subdivision of such government (which, for the avoidance of doubt, includes a state, province, county, or municipality), or a public body performing a function of such government or a political subdivision thereof, a government of a U.S. Territory, an international organization, a non-U.S. central bank of issue, or an Entity wholly owned by one or more of the foregoing;

• Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an entity shall not qualify for NFFE status if the entity functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes;

• The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFFE;

• The NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a Financial Institution;

• The NFFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution;

• Any NFFE is a ‘non for profit’ organization which meets all of the following requirements:

• It is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organization, business league, chamber of commerce, labor organization, agricultural or horticultural organization, civic league or an organization operated exclusively for the promotion of social welfare;

• It is exempt from income tax in its jurisdiction of residence;

• It has no shareholders or members who have a proprietary or beneficial interest in its income or assets;

• The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation documents do not permit any income or assets of the NFFE to be distributed to, or applied for the benefit of, a private person or non-charitable Entity other than pursuant to the conduct of the NFFE’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the NFFE has purchased; and

• The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation documents require that, upon the NFFE’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profit organization, or escheat to the government of the NFFE’s jurisdiction of residence or any political subdivision thereof.

3. Other definitions

• Expanded affiliated group

Expanded affiliated group is defined to mean one or more chains of members connected through ownership (50% or more, by vote or value, as the case may be) by a common parent entity if the common parent entity directly owns stock or other equity interests meeting the requirements in at least one of the other members. Generally, only a corporation shall be treated as the common parent entity of an expanded affiliated group,

• Passive NFFE

The term passive NFFE means any NFFE that is not (i) an Active NFFE (including publicly traded entities or their related entities), or (ii) a withholding foreign partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations.

• Passive income

The term passive income means the portion of gross income that consists of-

(1) Dividends, including substitute dividend amounts;

(2) Interest

(3) Income equivalent to interest, including substitute interest and amounts received from or with respect to a pool of insurance contracts if the amounts received depend in whole or part upon the performance of the pool;

(4) Rents and royalties, other than rents and royalties derived in the active conduct of a trade or business conducted, at least in part, by employees of the NFFE

(5) Annuities

(6) The excess of gains over losses from the sale or exchange of property that gives rise to passive income described in this section

(7) The excess of gains over losses from transactions (including futures, forwards, and similar transactions) in any commodities, but not including -

(i) Any commodity hedging transaction, determined by treating the entity as a controlled foreign corporation; or

Definitions (Contd.)

Part X-3

(ii) Active business gains or losses from the sale of commodities, but only if substantially all the foreign entity’s commodities are property

(8) The excess of foreign currency gains over foreign currency losses

(9) Net income from notional principal contracts

(10) Amounts received under cash value insurance contracts

(11) Amounts earned by an insurance company in connection with its reserves for insurance and annuity contracts

•

Controlling persons are natural persons who exercise control over an entity.

In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust. In the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions.

The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force recommendations. Pursuant to guidelines on identification of Beneficial Ownership issued vide SEBI circular no.

CIR/MIRSD/2/2013 dated January 24, 2013, investors (other than Individuals) are required to provide details of Ultimate Beneficial Owner(s) (‘UBO’).

The Ultimate Beneficial Owner means ‘Natural Person’, who, whether acting alone or together, or through one or more juridical person, exercises control through ownership or who ultimately has a controlling ownership interest of / entitlements to:

i. More than 25% of shares or capital or profits of the juridical person, where the juridical person is a company;

ii. More than 15% of the capital or profits of the juridical person, where the juridical person is a partnership; or

iii. More than 15% of the property or capital or profits of the juridical person, where the juridical person is an unincorporated association or body of individuals.

In case of a Trust, the settler of the trust, the trustees, the protector, the beneficiaries with 15% or more of interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership is considered as the UBO. The provisions w.r.t. Identification of UBO are not applicable to the investor or the owner of the controlling interest is a company listed on a stock exchange, or is a majority-owned subsidiary of such a company.

Controlling persons

Definitions (Contd.)

Declaration for Ultimate Beneficial Ownership [UBO](Mandatory for Non-individual Applicant/Investor)

To be filled in BLOCK LETTERS (Please strike off section(s) that is/are not applicable)

(i) I/ We hereby declare that -

^The details of holding/parent company to be provided in case the applicant/investor is a subsidiary company.

Our company is a Listed Company listed on recognized stock exchange in India

Our company is a subsidiary of the Listed Company

Our company is controlled by a Listed Company

(ii) Details of Listed Company^Stock Exchange on which listed___________________________________________________________ Security ISIN ___________________________________________________

Part I: Applicant/Investor details:

Investor Name:

PAN

(i) Category [ü applicable category]:

Unlisted Company Partnership Firm Limited Liability Partnership Company

Unincorporated association / body of individuals Public Charitable Trust Religious Trust

Private Trust Trust created by a Will Others _____________________________________________________________ [please specify]

(ii) Details of Ultimate Beneficiary Owners: (In case the space provided is insufficient, please provide the information by attaching separate declaration forms)

#Attached documents should be self-certified by the UBO and certified by the Applicant/Investor Authorized Signatory/ies.

Part II: Listed Company / its subsidiary company [Part III Details NOT APPLICABLE]

Date: Place:

Sr. Name of UBONo.

PAN or any other ID proof for those where PAN is not applicable#

[Mandatory]

valid Position / Designation[to be provided wherever applicable]

Applicable Period UBO Code[Mandatory]

[Refer instruction 3]

KYC (Yes/No) [Please attach

KYC acknowledgement copy] [Refer instruction 2]

[Mandatory]

Part III: Non-individuals other than Listed Company / its subsidiary company

Part IV: Declaration

I/We acknowledge and confirm that the information provided above is/are true and correct to the best of my/our knowledge and belief. In the event any of the above information is/are found to be false/incorrect and/or the declaration is not provided, then the AMC/Trustee/Mutual Fund shall reserve the right to reject the application and/or reverse the allotment of units and the AMC/Mutual Fund/Trustee shall not be liable for the same. I/We hereby authorize sharing of the information furnished in this form with all SEBI Registered Intermediaries and they can rely on the same. In case the above information is not provided, it will be presumed that applicant is the ultimate beneficial owner, with no declaration to submit. I/We also undertake to keep you informed in writing about any changes/modification to the above information in future and also undertake to provide any other additional information as may be required at your end.

Authorized Signatories [with Company/Trust/Firm/Body Corporate seal]

D D M M Y Y Y Y

General Information & Instructions

As per SEBI Master Circular No. CIR/ISD/AML/3/2010 dated December 31, 2010 regarding Client Due

Diligence policy, related circulars on anti-money laundering and SEBI circular No.CIR/MIRSD/2/2013

dated January 24, 2013, non-individuals and trusts are required to provide details of ultimate beneficiary

owner [UBO] and submit appropriate proof of identity of such UBOs. The beneficial owner has been

defined in the circular as the natural person or persons, who ultimately own, control or influence a client

and/or persons on whose behalf a transaction is being conducted, and includes a person who exercises

ultimate effective control over a legal person or arrangement.

1. Ultimate Beneficiary Owner [UBO]:

A. For Investors other than individuals or trusts:

(i) The identity of the natural person, who, whether acting alone or together, or through one or

more juridical person, exercises control through ownership or who ultimately has a

controlling ownership interest. Controlling ownership interest means ownership of/

entitlement to:

- more than 25% of shares or capital or profits of the juridical person, where the juridical

person is a company;

- more than 15% of the capital or profits of the juridical person, where the juridical person

is a partnership;

- more than 15% of the property or capital or profits of the juridical person, where the

juridical person is an unincorporated association or body of individuals.

(ii) In cases where there exists doubt under clause (i) above as to whether the person with the

controlling ownership interest is the beneficial owner or where no natural person exerts control

through ownership interests, the identity of the natural person exercising control over the

juridical person through other means like through voting rights, agreement, arrangements or in

any other manner.

(iii) Where no natural person is identified under clauses (i) or (ii) above, the identity of the relevant

natural person who holds the position of senior managing official.

B. For Investors which is a trust:

The identity of the settler of the trust, the trustee, the protector, the beneficiaries with 15% or

more interest in the trust and any other natural person exercising ultimate effective control over

the trust through a chain of control or ownership.

C. Exemption in case of listed companies / foreign investors

The client or the owner of the controlling interest is a company listed on a stock exchange, or is a

majority-owned subsidiary of such a company, it is not necessary to identify and verify the

identity of any shareholder or beneficial owner of such companies. Intermediaries dealing with

foreign investors’ viz., Foreign Institutional Investors, Sub Accounts and Qualified Foreign

Investors, may be guided by the clarifications issued vide SEBI circular CIR/MIRSD/11/2012

dated September 5, 2012, for the purpose of identification of beneficial ownership of the client.

2. KYC requirements

Beneficial Owner(s) is/are required to comply with the prescribed KYC process as stipulated by SEBI

from time to time with any one of the KRA & submit the same to AMC. KYC acknowledgement proof

is to be submitted for all the listed Beneficial Owner(s).

3. UBO Codes:

UBO Code Description

UBO-1 Controlling ownership interest of more than 25% of shares or capital or profits of the

juridical person [Investor], where the juridical person is a company

UBO-2 Controlling ownership interest of more than 15% of the capital or profits of the juridical

person [Investor], where the juridical person is a partnership

UBO-3 Controlling ownership interest of more than 15% of the property or capital or profits of

the juridical person [Investor], where the juridical person is an unincorporated

association or body of individuals

UBO-4 Natural person exercising control over the juridical person through other means

exercised through voting rights, agreement, arrangements or in any other manner [In

cases where there exists doubt under UBO-1 to UBO - 3 above as to whether the person

with the controlling ownership interest is the beneficial owner or where no natural

person exerts control through ownership interests]

UBO-5 Natural person who holds the position of senior managing official [In case no natural

person cannot be identified as above]

UBO-6 The settlor(s) of the trust

UBO-7 Trustee(s) of the Trust

UBO-8 The Protector(s) of the Trust [if applicable].

UBO-9 The beneficiaries with 15% or more interest in the trust if they are natural person(s)

UBO-10 Natural person(s) exercising ultimate effective control over the Trust through a chain of

control or ownership.

For any queries / clarifications, Please contact the nearest Investor Service Centres (ISCs) of the AMC at

toll free number 1800 3000 3300 or e-mail to us: [email protected] or on our website

www.axismf.com

(To be signed by all holders if mode of operation of Bank Account is ‘Joint’)Date D D M M Y Y

ATTESTED BY THE BANKER(Mandatory, if your First SIP Installment is through a Demand Draft / Pay Order)

I / We certify that the signature of account holder(s) and the bank account details are correct as per our records. Stamp & Signature

FOR OFFICE USE ONLY (not to be filled in by investor) We confirm that we have taken the above ECS / Auto Debit instructions on our records.

Recorded by Signature

Credit A/c No. Name

Recorded on Stamp of Bank Branch ManagerD D M M Y Y

PAN

Enclose

I / We declare that the particulars furnished here are correct. I / We authorise Axis Mutual Fund acting through its service providers to debit my / our bank account towards payment of SIP instalments through an Electronic Debit arrangement. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/we would not hold the user institution responsible. I/We will also inform Axis Mutual Fund about any changes in my bank account.

This is to inform you that I/We have registered for making payment towards my investments in AXISMF by debit to my /our account directly or through ECS (Debit Clearing). I/We hereby authorize to honour such payments and have signed and endorsed the Mandate Form. Further, I authorize my representative (the bearer of this request) to get the above Mandate verified. Mandate verification charges, if any, may be charged to my/our account.

I also hereby agree to read the respective SID and SAI of the mutual fund before investing in any scheme of Axis Mutual Fund using this facility.

X Sole/ 1st Unit Holder / POA 2nd Unit HolderX 3rd Unit HolderX

First Name Middle Name Last Name

Email ID For receiving statements over email instead of post

OR

2nd Applicant 3rd Applicant





TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY

In case the subscription amount is ̀ 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/ subcription amount and payable to the Distributor. Units will be issued against the balance amount invested.

I confirm that I am a first time investor across Mutual Funds. I confirm that I am an existing investor in Mutual Funds.

Application Form No. (For New Applicants)

APPLICANT'S PERSONAL DETAILS (MANDATORY)1

Folio No. (For Existing Unit holders)

Sole / 1st Unitholder

1st Applicant

Attested PAN card KYC Letter Attested PAN card KYC Letter Attested PAN card KYC Letter

DECLARATION AND SIGNATURE (To be signed by ALL UNIT HOLDERS if mode of holding is ‘joint’)3 Date D D M M Y Y

ARN ARN E

1.

Signature Primary Account holder





Name as in bank records

UMRN Date

PERIOD

From

To

Or Until Cancelled

This is to confirm that the declaration has been carefully read, understood & made by me/us

I/We hereby authorize to debit (tick )

Bank a/c number

with Bank Name of customers bank

an amount of Rupees

Folio No.

FREQUENCY Mthly Qtly H-Yrly Yrly As & when presented DEBIT TYPE

Sponsor Bank Code Utility Code

Email ID

MICRor

Scheme Name

Reference 1

Reference 2

`

D D M M Y Y

Axis Mutual Fund SB CA CC SB-NRE SB-NRO Other

IFSC

Fixed Amount Maximum Amount

Phone No.

D D M M Y Y Y Y

D D M M Y Y Y Y

CREATE MODIFY

CANCEL

Tick ( )

Flexible SIP (Flex SIP) ONE TIME BANK MANDATE (NACH / ECS / Direct Debit Mandate Form)

(Applicable for New and Existing SIP Registration)

Min. installment Amount Max. instalment Amount

Note : Please mention minimum & maximum SIP amount on the space provided above.

SIP INSTALLMENT AMOUNT2

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47791

FLEX SYSTEMATIC INVESTMENT PLAN (F-SIP)

1) The Flex SIP is available only in “Growth” option of the target scheme.

2) One Flex SIP Enrollment Form can be filled for investment in one Scheme/Plan only.

3) The maximum amount must mention in Bank Mandated form.

4) The minimum amount (base amount) and maximum amount must mention in SIP application form, where space provided.

5) In case of valid forms received, indicating choice of option other than the Growth Option in the Target Scheme, it will be deemed as the Growth Option in the Target Scheme and

processed accordingly.

6) Flex SIP facility offers for monthly and Yearly Frequency.

7) Calculation of Flex SIP Installment.

• Fixed amount as per installment; or

• The amount determined by the formula: (fixed amount to be transferred per installment X number of Installments including the current installment) – market value of the

investments through Flex SIP.

Whichever is higher.

8) The installment value of FLEX SIP determined on the basis of NAV on 10th day (T-10) before the installment date. If T-10th falls on a Non-Business day or falls during a book closure

period, then valuation will be done on T-11th day.

9) The minimum number of installments and amount under Flex SIP

Frequency under F-SIP Facility Minimum Installments Minimum F-SIP amount

Monthly 12 Installments for all schemes (Except Axis Long Term Equity Fund) ` 1,000/- and in multiple of `1/ - for all schemes (Except Axis Long

Term Equity Fund)

6 Installments for Axis Long Term Equity Fund ` 500/- and in multiples of ` 500/- for Axis Long Term Equity Fund

Yearly 3 Installments for all schemes ` 12,000/- and in multiple of ` 1/- for all schemes and ` 6,000/-

and in multiple of ` 500/- for Axis Long Term Equity Fund

10) In case the Start Date is mentioned but End Date is not mentioned, the application will be registered for the minimum number of installments.

11) A minimum gap of 25 days needs to be maintained between the first and second SIP installments.

12) Investors can discontinue a SIP at any time by sending a written request to any Official Point of Acceptance or to the registrar Karvy. Notice of such discontinuance should be received

at least 20 days prior to the due date of the next installment / debit.

13) In case payment is made using “At Par” cheques, investors must mention the MICR number of his actual bank branch.

14) An Investor will not hold Axis Mutual Fund, its registrars and / or service providers responsible if a transaction is delayed or not effected, or the investor bank account is debited in

advance or after the specific SIP date because of the various clearing cycles of RBI’s Electronic Clearing Facility (ECS). Axis Mutual Fund, its registrars and other service providers

shall not be held responsible or liable for damages / compensation / loss incurred by the investor as a result of using the SIP and / or ECS facility.

15) If the period is not specified by the unit older then the SIP enrollment will be deemed to be for perpetuity and processed accordingly.

FLEXIBLE SYSTEMATIC TRANSFER PLAN (Flex STP)


$ Ref Instruction 10. #Please refer to the Scheme Information Documents of respective schemes for Flex STP availability. Flex STP out available and registered under Axis Long Term Fund, only For the Units which are Free of 3 years lock-in.

PAN (mandatory) Enclosed PAN Proof KYC Acknowledgment letter

Having read and understood the contents of the Scheme Information Document of the Scheme(s), I / we hereby apply for units of the Scheme(s) and agree to abide by the terms, conditions, rules and regulations governing the Scheme(s). I/ We hereby declare that the amount invested in the Scheme(s) is through legitimate sources only and does not involve and is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I / We have understood the details of the Scheme(s) & I / we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I / We confirm that the funds invested in the Scheme(s), legally belong to me / us. In the event "Know Your Customer" process is not completed by me / us to the satisfaction of the Mutual Fund, I / we hereby authorise the Mutual Fund, to redeem the funds invested in the Scheme(s), in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by the Law.

The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.

For NRIs only: I / We confirm that I am / we are Non Residents of Indian nationality / origin and that I / we have remitted funds from abroad through approved banking channels or from funds in my / our Non-Resident External / Non-Resident Ordinary / FCNR account.

I / We confirm that details provided by me / us are true and correct.

EXISTING FOLIO NUMBER

FLEXIBLE SYSTEMATIC TRANSFER PLAN (Flex STP) (To be submitted at least 7 days before the 1st due date for transfer).

Plan


Plan Existing Direct Retail

Plan

Option (tick ü) Growth (Ref. Instruction 7)

Plan Existing Direct

#From Scheme

To Scheme

Date D D M M Y Y





OR APPLICATION NO.


Fortnightly (Every Alternate Wednesday)

Monthly $

Quarterly $


ARN ARN

Employee Code

E

Flexible Systematic Transfer Plan (Flex STP)


Transfer Instalment `

No. of Instalments

Total Transfer `

D D M M Y Y D D M M Y YTransfer Period From

(First Instalment) (Last Instalment)

OR

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47791

Flex STP Enrolment Form - Instruction

Calculation of Flex STP

A. Second installment i.e. February 10, 2014:

a. Total 300 units allotted up to the date of last installment i.e. January 10, 2014

b. The NAV of AXIS Equity Fund - Growth Option on February 10, 2014 is assumed as Rs 12/- per unit;

c. Hence the market value of the investment in the Target/ Transferee Scheme on the date of transfer is Rs. 3,600[300 X 12]

Fixed Amount Specified at the time of enrolment Rs 3000/-

or

As determined by the formula = (3,000 X 2) - 3,600

= Rs 2,400/-

Whichever is higher : Hence, on February 10, 2014, the installment amount transferred to the Transferee Scheme / debited to the investor’s account will be Rs. 3,000.

B. Fourth installment i.e. April 10, 2014:

a. Total units allotted up to the date of last installment i.e. March 10, 2014 is assumed as 822.73;

b. NAV of AXIS Equity Fund - Growth Option on April 10, 2014 is assumed as Rs 9/- per unit;

c. Hence the market value of the investment in the Target / Transferee Scheme on the date of transfer is Rs 7, 404.55[822.73X 9]

Fixed Amount Specified at the time of enrolment Rs 3000/-

or

As determined by the formula = (3,000 X 4) - 7,404.55

= Rs. 4,595

Whichever is higher : Hence, on April 10, 2014, the installment amount transferred to the Transferee Scheme / debited to the investor’s account will be Rs. 4,595

12. In case the amount (as specified above) to be transferred is not available in the Sources Scheme in the unit holder’s account, the residual amount will betransferredto the Target Scheme and Flex STP will be closed.

13. The minimum number of installments for enrollment and Amount under Flex SIP.

Frequency under Flex STP Facility Minimum Installments Minimum Flex STP amount*(Rs.)

Fortnightly (Alternate Wednesday) 6 1,000.00

Monthly (1st, 7th,10th,15th or 25th) 6 1,000.00

Quarterly (1st, 7th,10th,15th or 25th) 2 3,000.00

*For Axis Long Term Equity Fund minimum amount of Rs. 500/- for all frequencies and thereafter in multiples of Rs. 500/-.

Note: - Flex STP out under Axis Long Term Equity Fund for those investments which have completed lock in period of 3 years.

14. In case the Start Date is mentioned but End Date is not mentioned, the application will be registered for the minimum number of installments.

15. The application for Flex STP enrolment - Monthly & Quarterly Interval should be submitted at least 7 Days and not more than 90 days before the desired commencement date.

16. A minimum period of 7 working days shall be required for registration under Flex STP. Units will be allotted/redeemed at the applicable NAV of the respective dates of the Scheme on which such investments/withdrawals are sought from the Scheme.

17. The AMC reserves the right to introduce Flex STPs at any other frequencies or on any other dates as the AMC may feel appropriate from time to time. In the event that such a day is a Holiday, the transfer would be affected on the next Business Day.

18. The requests for discontinuation of Flex STP shall be subject to an advance notice of 15 days before the next due date for Flex STP.

19. Flex STP will terminate automatically if all Units are liquidated or withdrawn from the account or upon the Funds’ receipt of notification of death or incapacity of theUnit holder. Further, in case where the balance amount in a folio is less than the Flex STP amount, the entire amount will be transferred to the transferee scheme.

20. If Flex STP date/day is a non-Business Day, then the next Business Day shall be the Flex STP Date / Day and the same will be considered for the purpose of determining the applicability of NAV.

21. The Trustee reserves the right to change/modify the terms and conditions of the Flex STP. For the updated terms and conditions of Flex STP, contact the nearest ISC or visit our website www.axismf.com.

8. One Flex STP Enrollment Form can be filled for transfer into one Scheme/Plan only.

9. In case of valid enrollment forms received, indicating choice of option other than the Growth Option in the Target Scheme, it will be deemed as the Growth option in the Target Scheme and processed accordingly.

10. Flex STP offers transfer facility at Fortnightly, Monthly and quarterly intervals. Unit holder is free to choose the frequency of such transfers. If frequency is not mentioned in request, Monthly frequency shall be treated as the default frequency and 10th shall be treated as default date.

11. Under Flex STP, the amount to be transferred in the Transferee Scheme on the date of transfer shall be higher of:

• Fixed amount to be transferred per installment; or

• The amount determined by the formula: (fixed amount to be transferred per installment X number of installments including the current installments market value of the investments through Flex STP.

Illustration:

Flex STP that transfers Rs. 3,000/- every month from the Debt Fund to an Equity Fund.

Transferor Scheme: Axis Income Saver

Transferee Scheme: Axis Equity Fund - Growth Option

Date & Frequency of Flex STP : 10th date - Monthly Interval

Amount of Transfer per Installment: Rs 3,000/-

Number of Installments: 12

Enrolment Period : January to December 2014

Note: The Flex STP installment dates above are assumed to be Business Days.

1. The Flex STP Enrolment Form should be completed in English and in Block Letters only. Please tick in the appropriate box, where boxes have been provided. The Flex STP Enrolment Form complete in all respects, should be submitted at any of the Official Points of Acceptance of Axis Mutual Fund.

2. Investors are advised to read the Key Information Memorandum(s) (KIMs) and Scheme Information Document(s) (SIDs) of the Transferee Scheme(s) and Statement of Additional Information (SAI) carefully before investing. The SIDs / KIMs of the respective Scheme(s) and SAI are available with the ISCs of Axis Mutual Fund, brokers/distributors and also displayed at the Axis Mutual Fund website i.e. www.axismf.com

3. Unit holders should note that unit holders’ details and mode of holding (single, joint, anyone or survivor) in the Transferee Scheme will be as per the existing folio number of the Transferor Scheme, Units will be allotted under the same folio number. Unit holders’ names should match with the details in the existing folio number, failing which; the application is liable to be rejected.

4. The Flex Systematic Transfer Plan (“Flex STP”) is a facility wherein Unit holder(s) of designated open-ended Scheme(s) of Axis Mutual Fund can opt to transfer variable amount(s) linked to value of investments under Flex STP on the date of transfer at predetermined intervals from designated open-ended Scheme(s) of Axis Mutual Fund (“Source Scheme”) to the Growth Option of designated open-ended Scheme(s) (Target Scheme).

5. The provision of ‘Minimum Redemption Amount’ as specified in the Scheme Information Document(s) of the respective designated Transferor Schemes and ‘Minimum Application Amount’ specified in the Scheme Information Document(s) of the respective designated Transferee Schemes will not be applicable for Flex STP.

6. Unit holders are required to fill in either the number of installments or the enrolment period in the enrolment Form, failing which the Form is liable to be rejected.

7. The Flex Systematic Transfer is available only in “Growth” option of the target scheme.

1 January - 14 10 0.00 3,000 3000.00 300.00 300.00 10.00

2 February - 14 12 3,600.00 3,000 6000.00 250.00 550.00 10.91

3

March - 14 11 6,050.00 3,000 9000.00 272.73 822.73 10.94

4

April - 14 9

7,404.55

4,595

13595.45

510.61

1333.33

10.20

5 May - 14 7 9,333.33 5,667 19262.12 809.52 2142.86 08.99

6

June - 14 8

17,142.86

3,000

22262.12

375.00

2517.86

08.84

7

July - 14 10

25,178.57

3,000

25262.12

300.00

2817.86

08.97

8

August - 14 12

33,814.29

3,000

28262.12

250.00

3067.86

09.21

9

September - 14 13

39,882.14

3,000

31262.12

230.77

3298.63

09.48

10

October - 14 14

46,180.77

3,000

34262.12

214.29

3512.91

09.75

11

November - 14 15

52,693.68

1,738

36000.00

115.86

3628.77

09.92

12

December - 14 13

47,174.02

No. of Installment Month

NAV per Unit (Rs.) Market Value (Rs.) Amount

Invested' (Rs.)

CumulativeAmount Invested

(Rs.)

Units Bought

Cumulative Units Bought

Net Average Cost per Unit (Rs.)

Please ref. below table for calculation

Application No.

Name of Sole/ First Unit Holder

PAN (mandatory)(For Existing Unit Holders)

A. ADDITION OF BANK ACCOUNTS

Please register my/our following bank accounts for all investments in my/our folio. I/we understand that I/we can choose to receive payment proceeds in any of these accounts, by making a specific request in my/our redemption request. I/We understand that the bank accounts listed below shall be taken up for registration in my/our folio in the order given below and the same shall be registered only if there is a scope to register additional bank accounts in the folio subject to a maximum of five in the case of individuals and ten in the case of non individuals.For each bank account, Investors should produce original for verification or submit originals of the documents mentioned below.

Existing Folio Number

MULTIPLE BANK ACCOUNTS REGISTRATION FORM

*9 digit code on your cheque next to the cheque number. **11 digit code printed on your cheque.

1. Name of Bank Branch

City

Account No.

MICR code* IFSC code**

Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate

Account Type Current Savings NRO NRE FCNR Others (specify)

State



City

Account No.




State



City

Account No.




State



City

Account No.




State



City

Account No.




State

Axis Asset Management Company Limited Investment Manager to Axis Mutual Fund

Axis House, First Floor, Wadia International Center,Pandurang Budhkar Marg, Worli, Mumbai - 400 025, India.TEL 22 4325 5100 FAX 22 4325 5199 / 2425 5199TOLL FREE : 1800 3000 3300 WEB www.axismf.comEMAIL [email protected]

Among the bank accounts registered with withus or mentioned overleaf, please register the following bank account as a default bank account into which future redemption and/or dividend proceeds, if any of the mentioned folio will be paid:overleaf

Bank Account No. Bank Name

SIGNATURES (To be signed by ALL UNITHOLDERS if mode of operation is ‘JOINT’. In case of non-Individual Unit holders, to be signed by AUTHORISED SIGNATORIES)

Sole / First Applicant / Unit holder Second Applicant / Unit holder Third Applicant / Unit holder

B. DEFAULT BANK ACCOUNT

1. This facility allows a unit holder to register multiple bank account details for all investments held in the specified folio (existing or new). Individuals/HUF can register upto 5 different bank accounts for a folio by using this form. Non-individuals can register upto 10 different bank accounts for a folio. For registering more than 5 accounts, please use extra copies of this form.

2. Please enclose a cancelled cheque leaf for each of such banks accounts. This will help in verification of the account details and register them accurately. The application will be processed only for such accounts for which cancelled cheque leaf is provided. Accounts not matching with such cheque leaf thereof will not be registered.

3. If the bank account number on the cheque leaf is handwritten or investor name is not printed on the face of the cheque, bank account statement or pass book or a bank certificate or a letter from the bank giving the name, address and the account number should be enclosed. If photocopies are submitted, investors must produce original for verification. The bank certificate should be certified by the bank manager with his / her name, signature, employee code, bank seal and contact Number.

4. Bank account registration/deletion request will be accepted and processed only if all the details are correctly filled and the necessary documents are submitted. The request is liable to be rejected if any information is missing or incorrectly filled or if there is deficiency in the documents submitted.

5. The first/sole unit holder in the folio should be one of the holders of the bank account being registered.

6. The investors can change the default bank account by submitting this form. In case multiple bank accounts are opted for registration as default bank account, the mutual fund retains the right to register any one of them as the default bank account.

7. A written confirmation of registration of the additional bank account details will be dispatched to you within 10 calendar days of receipt of such request.

8. If any of the registered bank accounts are closed/ altered, please intimate the AMC in writing of such change with an instruction to delete/alter it from of our records.

9. The Bank Account chosen as the primary/default bank account will be used for all Redemption payouts/ Dividend payouts. At anytime, investor can instruct the AMC to change the default bank account by choosing one of the additional accounts already registered with the AMC.

10. If request for redemption received together with a change of bank account or before verification and validation of the new bank account, the redemption request would be processed to the currently registered default (old) bank account.

11. If in a folio, purchase investments are vide SB or NRO bank account, the bank account types for redemption can be SB or NRO only. If the purchase investments are made vide NRE account(s), the bank accounts types for redemption can be SB/ NRO/ NRE.

12. The registered bank accounts will also be used to identify the pay-in proceeds. Hence, unit holder(s) are advised to register their various bank accounts in advance using this facility and ensure that payments for ongoing purchase transactions are from any of the registered bank accounts only, to avoid fraudulent transactions and potential rejections due to mismatch of pay-in bank details with the accounts registered in the folio.

13. Kindly use section C (deletion of bank accounts) to delete a registered bank account. Investor shall not be able to delete a default bank account unless he/she registers another account as a default account.

Instructions and Terms and Conditions:

Please delete the following Bank accounts as registered accounts from my/our folio mentioned overleaf.

Sole / First Applicant / Unit holder Second Applicant / Unit holder Third Applicant / Unit holder

Account No. Bank Name

Deletion of a default bank account is not permitted unless the investor mentions another registered bank account as a default account in Part B of this Form.

I / We have read and understood the terms and conditions given below for registration of / change to multiple bank accounts. I / We understand that my / our application form is liable to be rejected if it is not filled as per the details required herein and in case the correct and complete supporting documents are not provided by me / us. I / We hereby declare that the particulars given above are correct and express my / our willingness to receive credit of Dividend / redemption proceeds through the mode indicated above.

SIGNATURES (To be signed by ALL UNIT HOLDERS if mode of operation is ‘JOINT’. In case of non-Individual Unit holders, to be signed by AUTHORISED SIGNATORIES

C. DELETION OF BANK ACCOUNTS




1. UNIT HOLDER INFORMATION

To,Axis Asset Management LimitedI / We wish to change the bank details in my / our folio as mentioned below.

4. NEW BANK DETAILS

Bank Name

Branch Address

Bank A/c No. A/c Type Specify Current Savings NRO NRE FCNR Others

City Pin

IFSC Code (11 digit)* MICR Code (9 digit)* *Mentioned on your cheque leaf

5. DOCUMENTS TO BE SUBMITED BY INVESTOR

Existing bank details (Any one of the following)

Photocopy of bank passbook or bank account statement(Having Letter from the bank

A cancelled original cheque leaf/Self attested copy of cancelled cheque*

entries not older than 3 months)

New bank details (Any one of the following)A cancelled original cheque leaf/Self attested copy of cancelled cheque* Photocopy of bank passbook or bank account statement(Having entries not older than 3 months)Letter from the bank

*Account number and name of the first unit holder should be printed on the face of the cheque

STD Code Tel (Office) Tel (Resi)

Email ID Mobile +91

Fax

6. NEW CONTACT DETAILS

7. UNIT HOLDER(S) SIGNATURE(S)

I/We hereby declare that particulars given above are correct and express my willingness to receive credit of Dividend / Redemption proceedsin the new bank details mentioned above. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/we would not hold Axis Mutual Fund / Axis Asset Management Company Limited, its registrars and other service providers responsible. I/we will also inform Axis Mutual Fund / Axis Asset Management Company Limited about any changes in my/our bank account.

SIGNATURE(S) (To be signed by ALL UNIT HOLDERS if mode of holding is ‘Joint’)

Date D D M M Y Y

2. APPLICABILITY OF THE CHANGE IN BANK DETAILS (Please tick any one)

Specific Scheme (Please mentioned the scheme name below)All Schemes

Scheme na

First Unit Hol nit Holder

APPLICATION FORM FOR CHANGE IN BANK ACCOUNT & CONTACT DETAILS

City

Folio Number

Sole / First Unit Holder

City

PAN Number

Scheme

Plan

Option City

3. OLD BANK DETAILS

Bank Name

Branch Address

Bank A/c No. A/c Type Specify Current Savings NRO NRE FCNR Others

City Pin

IFSC Code (11 digit)* MICR Code (9 digit)* *Mentioned on your cheque leaf

ACKNOWLEDGMENT SLIP

From Name of the account holder(s) ISC Stamp & Signature

(To be filled in by the investor)

Folio Number

Received, subject to verification request for: Change of bank mandate Change / updation of contact details

• Separate forms needs to be filled for separate folios of the investor.

Unit holder will be required to submit the duly filled in Change of Bank Mandate Form along with a cancelled original cheque leaf or self attested copy of cancelled cheque of the new bank account as well as the currently registered with the Mutual Fund (where the account number and first holder name is printed on the face of the cheque).

In case if name is not printed on the cheque, the Unit holder may submit a letter from the bank on its letterhead certifying that the Unit holder maintains/maintained an account with the bank, the bank account information like bank account number, bank branch, account type, the MICR code of the branch & IFSC code (wherever available).

In case of non-availability of any of these documents, a self attested copy of the bank pass book or a statement of bank account with current entries not older than 3 months having the name and address and account number will be required.

The above documents shall be in Original. If copies are furnished, the same must be submitted at the ISCs where they will be verified with the original documents to the satisfaction of the Fund. The original documents will be returned across the counter to the Unit Holder after due verification. In case the original of any document is not provided for verification, then the copies should be attested by the bank manager with his/her full signature, name employee code, bank seal and contact number.

In the event of a request for change in bank account information being invalid/incomplete/ not satisfactory in respect of signature mismatch/document insufficient/not meeting any requirement more specifically as indicated in clauses, the request will be liable for rejection.

•

•

•

•

•

INSTRUCTIONS

To,

Axis Asset Management LimitedAxis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025, India.

Subject: Change of Bank Account Details

Reference: Folio Number

Dear Sir,

This has reference to the captioned subject. In this regard, I,

D M M Y YDDate

Amount in ` Vide cheque no.

Dated

Drawn on Bank in the

Scheme of Axis Mutual Fund and was allotted folio number

I now wish to update my bank account details as mentioned in the aforesaid folio due to – Bank Account Closed / Bank Account Number erroneously mentioned/Not mentioned.

In this regard, I would like to state that I have closed my bank account / inadvertently erroneously mentioned the bank account details, as mentioned herein below and presently registered in your records / mentioned in the application form, and confirm that I am not holding any documents pertaining to the said bank account. (Leave the bank details blank in case account number was not mentioned in the original application form).

D M M Y Y Y YD

Bank Account No. as per folio

Bank Name

Branch Address

In view of the aforesaid facts, I would like to hereby request you to update my bank account details, as mentioned herein below, in respect

of my folio no.

New Bank Account No.

Bank Name

Branch Address

I agree to furnish such other documents for effecting the aforesaid change of my bank account details, as may be required by you from time to time.

I hereby further agree to indemnify you and keep you fully indemnified, at all times, against any lossed, costs, charges, expenses, levies, penalties, etc. as may be imposed upon / incurred by you on account of your acting on the aforesaid request for change in bank account details.

Thanking You,

Yours faithfully,

Name of the investor

Address of the investor

Phone number of the investor

Encl.: Original letter from the new banker of the investor, confirming his bank account, ID Proof and Proof of new bank as specified in the Addendum.

Change of Bank Details - Declaration Form

FORM FOR NOMINATION / CANCELLATION / CHANGE OF NOMINATION To be filled in by Individual(s) applying for Single or Joint Holder Account

Please read the instructions provided in the application form carefully before filling up this form

Dear Sir, Date

In respect of the Units bearing Folio No

I/We Name of First Holder and

Name of Second Holder and

Name of Third Holder do hereby

Nominate the persons more particularly described hereunder Change of nominee

Cancel the nomination made by me/ us on

This instruction supersedes all previous nominations made by me in respect of the folio indicated above.

AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (to be filed in by the investor)

Stamp & Signature

D D M M Y Y

B) CANCELLATION OF NOMINATION

Name of First Nominee

Name of Second Nominee

Name of Third Nominee

First Nominee Signature Second Nominee Signature Third Nominee Signature

A) EXISTING/ NEW NOMINEES NAME AND ADDRESS

**Signature of the Guardian / First Nominee Signature


Address

Date of Birth (to be furnished in case the Nominee is a Minor) Allocation %

Nominee's relationship with the Investor

**Name of Guardian if nominee is a Minor

Address of the Guardian

D D M M Y Y

**Signature of the Guardian / Second Nominee Signature


Address





D D M M Y Y

**Signature of the Guardian / Third Nominee Signature


Address





**Please ignore if not applicable

D D M M Y Y

I/We here by Register/ Cancel/ Change/ Nominee/ In Folio No.

INSTRUCTIONS

SIGNATURE

First Unitholder Name Second Unitholder Name Third Unitholder Name

1. In case of folio wherein nominee is not registered, and to register new nominee please fill section A.

2. For cancellation of existing nominee please fill in section B. In case of multiple nominees rest of the nominations will be registered accordingly in the folio. e.g. in case of cancellation of 1st nominee, 2nd nominee will be considered as 1st nominee and 3rd nominee will be considered as 2nd nominee.

3. In case of cancellation of existing nominee and registering new nominee please fill in sections A, B & C.

4. And in case of change of nominee please fill Sections A, B and C.

5. Nomination is mandatory for all the folios/accounts, where the mode of holding is single or the folio/account is opened by individual without any joint holding. New subscriptions received from individuals without nomination will be rejected.

6. The nomination can be made only by individuals holding units on their own behalf singly or jointly. Non-Individuals including Society, Trust, Body Corporate, Partnership Firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate. If the units are held jointly, all joint holders will sign the nomination form.

7. Nomination will not be allowed for the folios/accounts opened by minors

8. A minor can be nominated and in that event, the name and address of the guardian of the minor nominee shall be provided by the Unitholder. If no guardian is provided, nomination of minor will be invalid. The guardian should be a person other than the Unitholder. Nomination can also be in favour of the Central Govt, State Govt, local authority, any person designated by virtue of his office or a religious charitable trust.

9. The Nominee shall not be a trust other than a religious or charitable trust, society, body corporate, partnership firm, Karta of Hindu Undivided Family or a Power of Attorney holder. A non-resident Indian can be a Nominee subject to the exchange controls in force, from time to time.

10. Nomination in respect of the units stands rescinded upon the transfer of units.

11. The nomination facility extended under the Scheme is subject to existing laws. The AMC shall, subject to production of such evidence which in their opinion is sufficient, proceed to effect

the payment / transfer to the Nominee(s). Transfer of Units / payment to the nominee(s) of the sums shall discharge the Mutual Fund / AMC of all liability towards the estate of the deceased Unit holder and his / her / their successors / legal heirs.

12. The cancellation of nomination can be made only by those individuals who hold units on their own behalf singly or jointly and who made the original nomination. (Please note that if one of the joint holder dies other surviving holder cannot cancel.)

13. On cancellation of the nomination, the nomination shall stand rescinded and the Asset Management Company shall not be under any obligation to transfer the units in favour of the Nominee.

14. Nomination shall be registered only if the form is filled in completely.

15. Nomination will be updated at folio/account level and not at scheme level.

16. Nomination can be made for maximum of 3 nominees. In case of multiple nominees, the percentage of allocation / share in favour of each of the nominees should be indicated against their name and such allocation / share should be in whole numbers without any decimals making a total of 100 percent. In the event of Unit holders not indicating the percentage of allocation / share for each of the nominees, the Mutual Fund / the AMC, by invoking default option shall settle the claim equally amongst all the nominees.

17. The investor(s) by signing this nomination form is / are deemed to have read and understood the provisions of Regulation 29 A of SEBI (Mutual Funds) Regulations, 1996, read with SEBI circular dated Feb. 16, 2004 and / or any amendments thereto or any rules / regulations framed in pursuance thereof governing the nomination facility and agree/s to be bound by the same.

18. In case of fresh nominee registrations, existing nominee details will be over written across the schemes under the folio and this is effective 01st April 2011.

19. In case investor do not wish to nominate for specific folio / account, he should fill the specific field by writing “Nomination not required” and sign on the application form.

For multiple nomination form please contact the nearest AMC office or Registrar. The form can be obtained from the website www.axismf.com

Axis Asset Management Company LimitedInvestment Manager to Axis Mutual Fund

Axis House, First Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400 025, India.TEL 22 4325 5100 FAX 22 4325 5199 / 2425 5199TOLL FREE : 1800 3000 3300 WEB www.axismf.comEMAIL [email protected]

C) CHANGE OF NOMINATION




First Nominee Signature Second Nominee Signature Third Nominee Signature

Axis Asset Management Company Limited Investment Manager to Axis Mutual Fund

Axis House, First Floor, Wadia International Center,Pandurang Budhkar Marg, Worli, Mumbai - 400 025, India.TEL 22 4325 5100 FAX 22 4325 5199 / 2425 5199TOLL FREE : 1800 3000 3300 WEB www.axismf.comEMAIL [email protected]

D D M M Y Y

AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled in by the investor)

Received a request for Change of Status from Minor to Major in

Folio no./ Account no.

Scheme

Plan

Option Stamp & Signature

New Signature (Major) Signature of Guardian

FORM FOR STATUS CHANGE FROM MINOR TO MAJOR

To,Axis Mutual Fund

Dear Sir/ Madam,

Minor in the below folio has completed 18 years of age, hence request you to please change the status from Minor to Major. All the relevant documents are attached along.

Folio no.

Name of Existing unit holder (Minor)

Date of Birth

PAN Card no.

Guardian's Name

New Bank mandate where account changed from Minor to Major

Signature attestation of the Major by a manager of a schedule bank/ bank certificate/ letter

KYC acknowledgment of the Major

PAN Card copy

(Applicable only in case of change in existing address and contact)

Address

City State

Pin code Land line no. Office no.

Mobile no. Email address

(Applicable if there is change in existing bank details. Please enclose a copy of cancelled cheque). For multiple Bank Accounts Registration, please fill in Multiple Bank Accounts Registration Form available at our website www.axismf.com.

Name of Bank Branch

City State

Account No.

Account holder name

Account Type Current Savings NRO NRE FCNR Others



Note: In case bank details are not provided in “Multiple Bank Account Registration Form” as default bank the above bank details shall be treated as default bank. *Mandatory for dividend payout via ECS (The 9 digit code appears on your cheque next to the cheque number) **Mandatory for credit via RTGS/ NEFT (11 digit code also found on your cheque leaf.)

LIST OF DOCUMENTS ATTACHED

NEW ADDRESS

NEW BANK DETAILS

SIGNATURE ATTESTATION

Name of the banker

Designation

Employee Code Signature with Bank's Seal

INSTRUCTIONS:

• Investor should submit below mentioned documents along with this form.

a. New Bank mandate where account changed from Minor to Major

b. Signature attestation of the Major by a manager of a schedule bank/ bank certificate/ letter

c. KYC acknowledgment of the Major

• In case investor fails to submit the above mentioned documents before attainment of Majority the guardian cannot

undertake any financial and non-financial transactions including fresh registration of Systematic Transfer Plan (STP),

Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP).

• In case any of the documents missing or not submitted by the investor form will be liable for rejection.

Axis Asset Management Company LimitedInvestment Manager to Axis Mutual Fund

Axis House, First Floor, C2, Wadia International Centre,Pandurang Budhkar Marg, Worli, Mumbai - 400 025, India.TEL 022 4325 5100 FAX 022 4325 5199 / 2425 5199TOLL FREE : 1800 3000 3300 WEB www.axismf.comEMAIL [email protected]

To,

Axis Mutual Fund Date

Dear Sir/ Madam,

I/We had opted for SIP installments of ` in Folio No*

in Scheme* Plan*

Option* with SIP date* through the following mode.

Standing Instruction (SI) Electronic Debit Post Dated Cheques

Investors Bank Name*

Account No*

I/We wish to discontinue my Systematic Investment Plan in above mentioned scheme. I/We would request you to cancel / stop deducting the SIP amount registered with you from my / our above account from the ensuring month

*All the above fields are mandatory otherwise request will be liable for rejection.

Kindly forward this instruction to my banker.

Your truly,

*

DEBIT BANK DETAILS

Sole / First Applicant(Signature as per Axis Mutual Fund)

Second Applicant(Signature as per Axis Mutual Fund)

Third Applicant(Signature as per Axis Mutual Fund)

Investor Name

Sole / First Applicant(Signature as per Investor Bank records)

Second Applicant(Signature as per Investor Bank records)

Third Applicant(Signature as per Investor Bank records)

AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled in by the investor)

Stamp & SignatureX

CANCELLATION OF SYSTEMATIC INVESTMENT PLAN

D D

Investor Name

Received an application form cancellation of Systematic Investment Plan for `

Scheme Folio No.

with SIP date Plan Option

D D M M Y Y

Application No :

Application No :

INSTRUCTIONS

M M Y Y

NOTE : Please allow 20 days processing gap before next SIP cycle date, failing which request will be rejected. Post receipt of the cancellation request, SIP will be discontinued and cheques will be returned (if applicable) to the unit holder.

I/We authorize to cancel my /our unused SIP cheque (s) issued for the above mentioned scheme and send back to my/ our address registered in your records.

1. A form to be used for single folio only.

2. If in a folio multiple SIP's are registered with different dates/schemes/plan/option/amount, please ensure that all the said parameters are mention to avoid wrong cancellation and multiple cancellations. Else the form may be liable for rejection.

3. In case of multiple SIPs in single folio with same dates/schemes/plan/option/amount please mention Application no. to avoid wrong cancellation and multiple cancellations. Else the form may be liable for rejection.

DECLARATION FORM FOR THIRD PARTY PAYMENT

INSTRUCTION

1. For payment made by Cheque #a. A copy of the bank passbook or a statement of bank account having the name and address of the account holder and account number;

b. A letter (in original) from the bank on its letterhead certifying that the investor maintains an account with the bank, along with information like bank account number, bank branch, account type, the MICR code of the branch & IFSC Code (where available). The Said letter should be certified by the authorized signatory of the bank with his / her full signature, name, employee code, bank seal and contact number.

2. In case of payment is made by RTGS, NEFT, ECS, bank transfer, etc., an acknowledged copy of the instruction to the bank stating the account number debited.

3. For Demand draft / Pay order / banker’s cheque submitted by investor, would be allowed only with the required documents such as certificate issued by banker stating that Demand draft has been issued by debiting the investor bank account along with investor name and PAN. In case a pre-funded instrument issued by the Bank against Cash shall not be accepted for investments of 50,000/- or more. This also should be accompanied by a certificate from the banker giving name, address and PAN of the person who has requested for the demand draft. #Investors should also bring the original documents along with the documents mentioned above (Point No.1) to the ISCs / Official Points of Acceptance of Axis Mutual Fund. The copy of such documents will be verified with the original documents to the satisfaction of the AMC / Mutual Fund / R&TA. The original documents will be returned across the counter to the investor after due verification.

`

Date D D M M Y YTo,

Axis Asset Management Company Limited

Axis House, 1st Floor, C-2, Wadia International Centre,

Pandurang Budhkar Marg, Worli, Mumbai - 400 025.

India

Dear Sir / Madam,

Sub: Third party confirmation for source of funds

This is with reference to amount of ` ___________________ deposited/transferred for the investments in _________________________

_____________________________ scheme (Name of the scheme) offered by Axis Mutual Fund, for investment to be made in the name of

___________________________________________________________________ (Name/s of the investor/s)

Relation

Cheque / DD / PO number

Bank Account No.

Drawn on (Bank)

Amount of ` (in Figures)

` (in words)

I / We authorize you to treat the proceeds of the above mentioned cheque/DD/PO as proceeds on behalf of _________________________

______________________ (Name/s of the investor/s). I/We confirm the source of funds to be legal and not in contravention of any Act/ Rules including

Prevention of Money-Laundering Act, 2002.

I / We confirm and understand that the cheque/DD/PO once encashed would be treated as the investments of ______________________

_____________________________ (Name of the investor/s). I/We also confirm and understand that Axis Asset Management Company has no liability

whatsoever to return / refund these proceeds to me. I/We also confirm that I/we will not make any claims against Axis Asset Management

Company Ltd at any time in future in respect of the above funds.

I / We also agree to co-operate with Axis Asset Management Company Ltd for the purposes of any other regulatory requirements and for any

additional information / requirements which may be required to be provided to any regulatory authority by Axis Asset Management Company

Ltd.

Thanking You,

(Name & Signature of Third Party)

Key Information Memorandum Cum Application...

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