The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.

2. The rates are applicable for the financial year 2017-18 as per finance act, 2017
$
Surcharge at 15% to be levied in case of individual/HUF unit holder where their income exceeds Rs. 1 crore. As per Finance Bill, 2017, surcharge at 10% to be levied in
case of individual/ HUF unit holders where income of such unit holders exceeds Rs. 50 lakhs but does not exceed Rs. 1 crore.
30%^ / 25%^^
^^If total turnover or gross receipts of the financial year 2015-16 does not exceed Rs. 50 crores.

3. Income Tax Rates
For individuals, Hindu Undivided Family, Association of Persons, Body of Individuals and
Artificial juridical persons
Total Income Tax Rates
Up to Rs.250,000 (a) (b) NIL
Rs.250,001 to Rs.500,000 (d) (e) 5%
Rs.500,001 to Rs.1,000,000 (e) 20%
Rs.1,000,000 and above (c) (d) 30%
(a) In case of a resident individual of the age of 60 years or above but below 80 years, the
basic exemption limit is Rs.300,000
(b) In case of a resident individual of the age of 80 years or above, the basic exemption
limit is Rs.500,000
(c) Surcharge at 15%, is applicable where income exceeds Rs.1 crore. Finance Bill, 2017
provides for surcharge at 10% to be levied where income exceeds Rs.50 lakhs but
does not exceed Rs.1 crore. Marginal relief for such person is available
(d) Education cess is applicable @ 3% on aggregate of tax and surcharge.
(e) Finance Bill, 2017 provides a rebate of lower of actual tax liability or Rs.2,500 (against
earlier rebate of Rs.5,000) in case of individuals having total income of less than
Rs.350,000.
(e)
30% /25(d)
(c)
(a) These rates will further increase by applicable surcharge & education cess.
(b) Indexation benefit, as applicable.
(c) Long term capital gains arising to a non-resident from transfer of unlisted securities or shares of a
company, not being a company in which the public are substantially interested, subject to 10 per cent
tax (without benefit of indexation and foreign currency fluctuation.
(d) This rate applies to companies other than companies engaged in manufacturing business who are to
be taxed at lower rate subject to fulfillment of certain conditions.
(e) If total turnover or gross receipts of the financial year 2015-16 does not exceed Rs.50 crores.
(c)
Progressive slab
*Considering a case of resident Individual of age less than 60 years.

4. I N D E X
How To Read A Factsheet
Equity Funds
Debt Funds
Hybrid Funds
NAV’s
Load Structure And Minimum Investment Amount
Annexures
Expense Ratios
Product Labeling
5
Equity Outlook 6
Axis Equity Fund 7
Axis Focused 25 Fund 8
Axis Midcap Fund 9
Axis Long Term Equity Fund 10
Axis Enhanced Arbitrage Fund 11
Fixed Income Outlook 12
Axis Liquid Fund 13
Axis Dynamic Bond Fund 16
Axis Regular Savings Fund 18
Axis Fixed Income Opportunities Fund 19
Axis Banking And PSU Debt Fund 21
Axis Equity Saver Fund 23
Axis Income Saver 25
Axis Children Gift Fund 26
Axis Triple Advantage Fund 27
29
30
31
33
34
Axis Treasury Advantage Fund 14
Axis Short Term Fund 15
Axis Constant Maturity 10 Year Fund 20
28SIP Performance Of Selected Schemes
Tax Reckoner 2
Axis Corporate Debt Opportunities Fund 17
Axis Dynamic Equity Fund 24
Hybrid Outlook 22

5. 45

6. EQUITY
S E P T E M B E R 2 0 1 7
12.9% -1.6%13.5%
QUICK TAKE
KEY HIGHLIGHTS
Equitymarketvaluationsarebroadlyreasonable
adjusted for the cyclical low in earnings and
potentialforrevivalgoingforward.
We remain bullish on equities from a
medium to long term perspective.
Investors are suggested to have their
asset allocation plan based on one’s
risk appetite and future goals in life.
DOMESTIC
CORPORATE
Equity markets sentiment weakened in August after touching historic highs in July as global risk-off and local factors impacted markets. The Nifty
Index was down 1.6 percent in the month of August, while S&P Midcap Index was marginally up by 0.98 percent.
A key event for the month was the systematic crackdown on shell companies (which have no active business operations or assets) and is perhaps one
of the most tangible offshoots of demonetisation drive, which aimed to hit tax evasion and move India toward cashless, digital transactions that
leave a paper trail. Sebi ordered stock exchanges to effectively freeze trading in 162 companies. These companies are part of longer list of 331
suspected shell companies provided by Sebi. While this impacted market sentiment especially in the midcap space, this is a long term positive in the
overall efforts by the government to reduce corruption and black money laundering.
Headline consumer price index (CPI) for the month of July was reported at 2.36% marginally up from previous month’s reading of 1.54%. This was
on account of cost of housing, energy and clothing which rose further and food prices fell at a softer pace. While food inflation has been soft for a
few months in a row now, even core inflation had slowed sharply pointing to a broad based fall. This was accompanied by falling inflation
expectations both at the household level as well as by professional forecasters. The low inflation trajectory allowed RBI to cut policy rates by 25 bps in
its review meeting on the 2nd of August. However, room for further rate cuts seems limited.
The economy is passing through a period of sluggishness, primarily on account of implementation of the Goods and Service Tax or GST. The
slowdown has been accentuated by the fact that the economy has faced two jolts back-to-back, first demonetisation and now GST. Business
sentiment remains robust however and output should normalise once the system stabilises over next few months. Overall, July data shows a
recovery from the pre-GST lows in June, but a patchy one as channels take their time to adjust to the new system.
GDP for Q1FY18 came in at a weak 5.7% vs 6.1% last quarter. A drilldown of the GDP data shows that the economy remains private consumption
driven with investment lagging, but the discrepancy is less marked than it was in the previous quarter (when investment contracted YoY).
Manufacturing PMI bounced back to 51.2 in August supported by a rebound in output and new orders. Services PMI data for August is still awaited.
Among high frequency indicators, the best pick-up in data was in auto sales where inventory was restocked after pre-GST reductions in June. July PV sales
increased 15% YoY and two-wheeler sales increased 14% YoY—both being the best growth numbers since September 2016. CV sales growth of 7% YoY
wasthebestsinceOctober.Amongotherpositiveindicatorswerepetrolanddieselconsumptionanddomesticairpassengertrafficgrowth.
The June-to-September south-west monsoon, which was forecast to be normal this year, has so far seen a shortfall of 3%, as compared to the
normal or 50-year average. IMD classifies rainfall in the 96-104% of long period average as ‘normal’. Good rainfall is vital for sustaining rural
demand, where demonetisation and now GST have resulted in substantial channel disruption.
Foreign portfolio investors were net sellers in the month of August though CYTD equity flows have been strong at US$ 6.7 bn. Additionally, net FII
inflows in debt have been positive at US$ 26.4bn. This has helped market sentiment over the past few months. Net flows by domestic funds have
also remained strong over the last several months.
As the first quarter’s earnings season kicked off, the macro and broader market context was positive with the timely implementation of GST, decent
progress of monsoon, controlled inflation and a stable currency backdrop. Positive macro factors notwithstanding, the 1QFY18 corporate results
were impacted by the GST and disappointments were driven more by margins than revenues. However, the GST reform can significantly improve
the ease of doing business in India as multiple taxes reduce and inter-state business improves. Further, we would expect 2QFY18 to be better than
1Q as GST re-stocking and an early festive season (September versus October base) boost demand.
GLOBAL
6

7. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities
of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
InvestmentStyle
Value
Blend
Growth
Large Mid Small
Market Cap
FUND STYLE
PORTFOLIO
% OF ASSETS
BANKS 25.96
HDFC Bank Limited 9.85
Kotak Mahindra Bank Limited 7.18
IndusInd Bank Limited 4.57
ICICI Bank Limited 4.35
FINANCE 14.79
Housing Development Finance Corpo-
ration Limited
7.36
Bajaj Finserv Limited 3.87
Bajaj Finance Limited 2.56
Cholamandalam Investment and
Finance Company Limited
1.01
AUTO 12.29
Maruti Suzuki India Limited 8.25
Eicher Motors Limited 2.64
Hero MotoCorp Limited 1.41
CONSUMER NON DURABLES 9.78
Asian Paints Limited 2.97
Britannia Industries Limited 2.70
ITC Limited 2.06
Hindustan Unilever Limited 2.05
AUTO ANCILLARIES 5.82
Motherson Sumi Systems Limited 2.83
Endurance Technologies
Limited
2.45
Bosch Limited 0.54
CEMENT 3.40
Shree Cements Limited 1.83
Acc Limited 1.07
Ultratech Cement Limited 0.50
GAS 3.29
Indraprastha Gas Limited 1.21
Petronet Lng Limited 1.05
Gujarat State Petronet Limited 1.03
PETROLEUM PRODUCTS 1.27
Indian Oil Corporation Limited 1.27
RETAILING 3.09
Avenue Supermarts Limited 3.09
OTHERS 9.15
Textile Products 2.78
Page Industries Limited 2.78
Industrial Capital Goods 2.01
Bharat Electronics Limited 2.01
Construction Project 1.72
Larsen & Toubro Limited 1.72
Pharmaceuticals 1.22
Cadila Healthcare Limited 1.22
Software 0.99
Infosys Limited 0.99
Media & Entertainment 0.96
Zee Entertainment Enterprises Limited 0.96
Other Equity (less than 0.50% of
the corpus)
0.99
Total Equity 90.36
Debt, Cash & Other Receivables 9.64
Net Assets 100%
^Commercial Paper/ Equity Futures
 Banks 25.96
 Finance 14.79
 Auto 12.29

Consumer Non
Durables
9.78
 Auto Ancillaries 5.82
 Cement 3.40
 Gas 3.29
 Retailing 3.09
 Textile Products 2.78
 Others 9.15
DATE OF ALLOTMENT
5th
January 2010
MONTHLY AVERAGE
1,827.65 Cr.
AS ON 31ST AUGUST’17
1,847.99 Cr.
BENCHMARK
Nifty 50
STATISTICAL MEASURES
(3 YEARS)
Standard Deviation - 13.01%
Beta - 0.93
Sharpe Ratio** - 0.37
PORTFOLIO
TURNOVER* (1 YEAR)
1.59 times
FUND MANAGER
Mr. Shreyash
Devalkar
Work experience:13 years.
He has been managing this fund
since 23rd November 2016
SECTOR
ALLOCATION
(%)
AXIS EQUITY FUND
(AN OPEN-ENDED LARGE CAP EQUITY SCHEME)
FACTSHEET
AUGUST 2017
1% if Units are redeemed / switched-out within 12 months from the date of allotment (Effective
from 1st October 2013)
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Dividend
Mar 21, 2017 1.15 1.15 14.86 13.71 1.15 1.15 15.54 14.39
Mar 10, 2016 1.00 1.00 13.78 12.78 1.00 1.00 14.24 13.24
Mar 05, 2015 1.00 1.00 16.53 15.53 1.00 1.00 16.89 15.89
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10.
**Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - Source: www.fimmda.org
Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st
August 2017.
Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.
7
Date of
Inception
Current Value
of Investment
if ` 10,000 was
invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Equity Fund - Growth
05-Jan-10
23,760 11.96% 17.51% 10.71% 14.51%
Nifty 50 (Benchmark) 18,791 8.59% 13.52% 7.60% 12.88%
S&P BSE Sensex (Additional Benchmark) 17,941 7.93% 12.72% 5.98% 11.52%
Axis Equity Fund - Direct Plan - Growth
01-Jan-13
20,525 16.66% - 11.94% 15.85%
Nifty 50 (Benchmark) 16,666 11.57% - 7.60% 12.88%
S&P BSE Sensex (Additional Benchmark) 16,205 10.90% - 5.98% 11.52%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated
at `10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans
have different expense structure. Plan of the scheme for which performance is given is indicated above. Shreyash Devalkar is managing the scheme since
23rd November 2016 and he manages 3 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for performance of all schemes managed by
the fund manager.

8. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
 Finance 19.12
 Banks 15.56
 Auto Ancillaries 10.13

Industrial Prod-
ucts
10.06
 Auto 7.29
 Cement 5.67
 Retailing 4.53
 Textile Products 4.20
 Pharmaceuticals 3.56
 Others 9.81
DATE OF ALLOTMENT
29th June 2012
MONTHLY AVERAGE
1,721.59 Cr.
AS ON 31ST AUGUST’17
1,825.35 Cr.
BENCHMARK
Nifty 50
STATISTICAL MEASURES
(3 YEARS)
Standard Deviation - 14.82%
Beta - 1.05
Sharpe Ratio** - 0.74
PORTFOLIO
TURNOVER* (1 YEAR)
1.08 times
FUND MANAGER
Mr. Jinesh Gopani
Work experience:14 years.
He has been managing this fund since
07th June 2016
InvestmentStyle
Value
Blend
Growth
Large Mid Small
Market Cap
FUND STYLE
% OF ASSETS
FINANCE 19.12
Bajaj Finserv Limited 7.08
Gruh Finance Limited 4.61
Bajaj Finance Limited 4.02
HDFC Limited 1.72
Mahindra & Mahindra Financial
Services Limited
1.69
BANKS 15.56
HDFC Bank Limited 8.31
Kotak Mahindra Bank Limited 7.25
AUTO ANCILLARIES 10.13
Motherson Sumi Systems Limited 3.45
Endurance Technologies Limited 2.63
Bosch Limited 2.41
WABCO India Limited 1.64
INDUSTRIAL PRODUCTS 10.06
Supreme Industries Limited 5.81
Cummins India Limited 4.25
AUTO 7.29
Maruti Suzuki India Limited 7.29
CEMENT 5.67
Shree Cements Limited 5.67
RETAILING 4.53
Avenue Supermarts Limited 4.53
TEXTILE PRODUCTS 4.20
Page Industries Limited 4.20
PHARMACEUTICALS 3.56
Cadila Healthcare Limited 2.60
Sun Pharma Advanced Research
Company Limited
0.95
OTHERS 9.81
Software 2.97
Info Edge (India) Limited 2.97
Commercial Services 2.70
Quess Corp Limited 2.70
Industrial Capital Goods 2.31
V-Guard Industries Limited 2.31
Chemicals 1.83
Pidilite Industries Limited 1.83
Total Equity 89.93
Cash & Other Receivables 10.07
Net Assets 100%
SECTOR
ALLOCATION
(%)
PORTFOLIO
INVESTMENT OBJECTIVE: To generate long term capital appreciation by investing in a concentrated
portfolio of equity & equity related instruments of up to 25 companies.
AXIS FOCUSED 25 FUND
(AN OPEN-ENDED EQUITY SCHEME)
FACTSHEET
AUGUST 2017
1% if redeemed/ switched out within 1 year from the date of allotment. (w.e.f. 15th May 2015)
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Dividend
Feb 28, 2017 1.30 1.30 17.14 15.84
Mar 10, 2016 1.00 1.00 14.56 13.56
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of
the fund.
**Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - Source: www.fimmda.org
Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years.
Data as on 31st August 2017.
Source: ACEMF *Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.
8
Date of
Inception
Current Value
of Investment
if ` 10,000 was
invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Focused 25 Fund - Growth
29-Jun-12
24,400 18.81% 19.33% 16.89% 22.18%
Nifty 50 (Benchmark) 18,788 12.96% 13.52% 7.60% 12.88%
S&P BSE 200 (Additional Benchmark) 20,273 14.63% 15.32% 10.22% 15.02%
Axis Focused 25 Fund - Direct Plan - Growth
01-Jan-13
22,136 18.57% - 18.40% 23.67%
Nifty 50 (Benchmark) 16,666 11.57% - 7.60% 12.88%
S&P BSE 200 (Additional Benchmark) 17,719 13.04% - 10.22% 15.02%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on
` 10 invested at inception. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. Different plans
have different expense structure. Plan of the scheme for which performance is given is indicated above. Jinesh Gopani is managing the scheme since 7th June
2016 and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for performance of all schemes managed by the fund manager.

9. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
 Finance 21.32
 Auto Ancillaries 13.14
 Consumer Non
Durables
9.33
 Banks 6.71
 Industrial
Products
6.04
 Textile Products 5.50

Industrial Capital
Goods
3.55
 Pesticides 3.23
 Transportation 3.09
 Others 21.37
DATE OF ALLOTMENT
18th February
2011
MONTHLY AVERAGE
1,212.06 Cr.
AS ON 31ST AUGUST’17
1,231.42 Cr.
BENCHMARK
S&P BSE Midcap
STATISTICAL MEASURES
(3 YEARS)
Standard Deviation - 14.56%
Beta - 0.95
Sharpe Ratio** - 0.52
PORTFOLIO
TURNOVER* (1 YEAR)
1.15 times
FUND MANAGER
Mr. Shreyash
Devalkar
Work experience: 13 years.
He has been managing this fund since
23rd November 2016
InvestmentStyle
Value
Blend
Growth
Large Mid Small
Market Cap
FUND STYLE
% OF ASSETS
FINANCE 21.32
Gruh Finance Limited 6.78
Bajaj Finserv Limited 3.35
Sundaram Finance Limited 2.93
Bajaj Finance Limited 2.75
Cholamandalam Investment and Finance Company
Limited
2.74
Multi Commodity Exchange of India Limited 1.45
Mahindra & Mahindra Financial Services Limited 1.32
AUTO ANCILLARIES 13.14
Endurance Technologies Limited 3.55
MRF Limited 2.12
Motherson Sumi Systems Limited 1.93
CEAT Limited 1.33
Amara Raja Batteries Limited 1.17
WABCO India Limited 1.04
Balkrishna Industries Limited 1.03
Igarashi Motors India Limited 0.97
CONSUMER NON DURABLES 9.33
Procter & Gamble Hygiene and Health Care Limited 3.36
Britannia Industries Limited 2.23
Berger Paints (I) Limited 1.50
Colgate Palmolive (India) Limited 1.17
Kansai Nerolac Paints Limited 1.07
BANKS 6.71
City Union Bank Limited 4.55
The Federal Bank Limited 2.15
INDUSTRIAL PRODUCTS 6.04
Supreme Industries Limited 3.16
Cummins India Limited 1.87
AIA Engineering Limited 1.01
TEXTILE PRODUCTS 5.50
Page Industries Limited 5.50
INDUSTRIAL CAPITAL GOODS 3.55
V-Guard Industries Limited 2.10
Bharat Electronics Limited 1.45
PESTICIDES 3.23
UPL Limited 3.23
TRANSPORTATION 3.09
Container Corporation of India Limited 2.14
Blue Dart Express Limited 0.95
OTHERS 21.37
Gas 2.45
Petronet LNG Limited 2.45
Consumer Durables 2.36
Blue Star Limited 1.24
TTK Prestige Limited 1.12
Cement 2.33
The Ramco Cements Limited 1.63
JK Lakshmi Cement Limited 0.71
Retailing 2.25
Avenue Supermarts Limited 2.25
Pharmaceuticals 2.23
Cadila Healthcare Limited 1.50
Alkem Laboratories Limited 0.73
Software 1.95
Info Edge (India) Limited 1.95
Media & Entertainment 1.53
PVR Limited 1.53
Auto 1.50
Ashok Leyland Limited 1.50
Chemicals 1.47
Tata Chemicals Limited 1.47
Ferrous Metals 1.14
Shankara Building Products Limited 1.14
Construction Project 1.13
Voltas Limited 1.13
Petroleum Products 0.99
Gulf Oil Lubricants India Limited 0.99
Total Equity 93.28
Cash & Other Receivables 6.72
Net Assets 100%
SECTOR
ALLOCATION
(%)
INVESTMENT OBJECTIVE: To achieve long term capital appreciation by investing predominantly in equity and equity related instruments of mid
size companies. The focus of the fund will be to invest in relatively larger companies within this category.
AXIS MIDCAP FUND
(AN OPEN-ENDED EQUITY SCHEME)
FACTSHEET
AUGUST 2017
1% if redeemed / switched - out within 12 months from the date of allotment (w.e.f. 5th May
2014)
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Dividend
Sep 15, 2016 2.00 2.00 22.64 20.64 2.00 2.00 25.83 23.83
Sep 10, 2015 1.75 1.75 23.29 21.54 1.75 - 26.04 24.29
July 31, 2014 1.50 1.50 19.91 18.41 - - - -
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the fund.
**Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - Source: www.fimmda.org
PleasenotethatasperAMFIguidelinesforfactsheet,theratiosarecalculatedbasedonmonthrollingreturns(absolute)forlast3years.Data as on 31st August 2017.
Source: ACEMF *Basedonequity,equityderivativesandFixedIncomeSecuritiestransactionsonly.CBLO/Repo/FD/MarginFD/MFU/SLBarenotconsidered.
DIVIDENDS
9
Date of
Inception
Current Value of
Investment if `
10,000 was invested
on Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Midcap Fund - Growth
18-Feb-11
30,710 18.72% 22.94% 13.60% 14.29%
S&P BSE Midcap (Benchmark) 23,327 13.83% 20.93% 18.60% 17.57%
Nifty 50 (Additional Benchmark) 18,168 9.56% 13.52% 7.60% 12.88%
Axis Midcap Fund - Direct Plan - Growth
01-Jan-13
23,725 20.34% - 14.99% 15.63%
S&P BSE Midcap (Benchmark) 21,590 17.93% - 18.60% 17.57%
Nifty 50 (Additional Benchmark) 16,666 11.57% - 7.60% 12.88%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated
on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans
have different expense structure. Plan of the scheme for which performance is given is indicated above.
Shreyash Devalkar is managing the scheme since 23rd November 2016 and he manages 3 schemes of Axis Mutual Fund. Please refer to annexure on Page
30 for performance of all schemes managed by the fund manager.

10. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
 Finance 20.09
 Banks 17.18
 Auto Ancillaries 10.19
 Auto 8.74
 Chemicals 5.30
 Consumer
Durables
5.23
 Construction
Project
4.89
 Industrial
Products
3.88
 Pharmaceuticals 3.75
 Others 15.46
DATE OF ALLOTMENT
29th December
2009
MONTHLY AVERAGE
14,185.87 Cr.
AS ON 31ST AUGUST’17
14,362.68 Cr.
BENCHMARK
S&P BSE 200
STATISTICAL MEASURES
(3 YEARS)
Standard
Deviation
- 12.15%
Beta - 0.85
Sharpe Ratio** - 0.75
PORTFOLIO
TURNOVER* (1 YEAR)
1.34 times
FUND MANAGER
Mr. Jinesh Gopani
Work experience: 14 years.
He has been managing this fund since
1st April 2011
InvestmentStyle
Value
Blend
Growth
Large Mid Small
Market Cap
FUND STYLE
% OF ASSETS
FINANCE 19.62
HDFC Limited 7.57
Bajaj Finance Limited 5.53
Gruh Finance Limited 3.40
Sundaram Finance Limited 2.19
Multi Commodity Exchange of India Limited 0.93
BANKS 17.18
HDFC Bank Limited 8.96
Kotak Mahindra Bank Limited 8.23
AUTO ANCILLARIES 9.72
Motherson Sumi Systems Limited 4.44
Bosch Limited 2.54
WABCO India Limited 1.63
Endurance Technologies Limited 1.11
AUTO 8.74
Maruti Suzuki India Limited 6.11
Eicher Motors Limited 2.63
CHEMICALS 5.30
Pidilite Industries Limited 5.30
CONSUMER DURABLES 5.23
TTK Prestige Limited 3.02
Symphony Limited 2.22
CONSTRUCTION PROJECT 4.89
Larsen & Toubro Limited 4.89
INDUSTRIAL PRODUCTS 3.88
Cummins India Limited 2.81
Astral Poly Technik Limited 1.07
PHARMACEUTICALS 3.31
Cadila Healthcare Limited 2.22
Sun Pharmaceutical Industries Limited 1.09
OTHERS 15.46
Software 3.21
Info Edge (India) Limited 1.20
Wipro Limited 1.03
Tata Consultancy Services Limited 0.98
Retailing 3.17
Avenue Supermarts Limited 3.17
Power 1.91
Torrent Power Limited 1.91
Industrial Capital Goods 1.32
Siemens Limited 0.78
V-Guard Industries Limited 0.54
Commercial Services 1.26
Quess Corp Limited 1.26
Pesticides 1.22
PI Industries Limited 1.22
Consumer Non Durables 1.21
Nestle India Limited 1.21
Transportation 0.88
Blue Dart Express Limited 0.88
Textile Products 0.79
Page Industries Limited 0.79
Other Equity (less than 0.50% of the corpus) 1.87
Total Equity 94.71
Debt, Cash & Other Receivables 5.29
Net Assets 100%
^Commercial Paper
SECTOR
ALLOCATION
(%)
INVESTMENT OBJECTIVE: To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and
equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.
AXIS LONG TERM EQUITY FUND
(AN OPEN-ENDED EQUITY LINKED SAVINGS SCHEME WITH A 3 YEAR LOCK-IN)
FACTSHEET
AUGUST 2017
NIL
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
Individuals/
HUF
Others
Regular
Dividend
Jan 31, 2017 2.23 2.23 21.1726
Jan 25, 2016 2.25 2.25 21.2217
Jan 22, 2015 2.00 2.00 24.2942
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the
fund. **Risk-free rate assumed to be 5.96% (MIBOR as on 31-8-17) - Source: www.fimmda.org
Please note that as per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns (absolute) for last 3 years. Data as on 31st
August 2017.
Source: ACEMF
*Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.
10
Date of
Inception
Current Value of
Investment if `
10,000 was invested
on Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Long Term Equity Fund - Growth
29-Dec-09
38,327 19.13% 23.87% 15.01% 14.83%
S&P BSE 200 (Benchmark) 19,937 9.40% 15.32% 10.22% 15.02%
Nifty 50 (Additional Benchmark) 19,117 8.81% 13.52% 7.60% 12.88%
Axis Long Term Equity Fund - Direct Plan
- Growth
01-Jan-13
27,143 23.86% - 16.38% 16.11%
S&P BSE 200 (Benchmark) 17,719 13.04% - 10.22% 15.02%
Nifty 50 (Additional Benchmark) 16,666 11.57% - 7.60% 12.88%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated
on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans
have different expense structure. Plan of the scheme for which performance is given is indicated above.
Jinesh Gopani is managing the scheme since 1st April 2011and he manages 4 schemes of Axis Mutual Fund. Please refer to annexure on Page 30 for
performance of all schemes managed by the fund manager.

11. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
% OF ASSETS
TOTAL HEDGED EQUITY 66.91
Century Textiles & Industries Limited 6.01
Dewan Housing Finance Corporation Limited 4.49
Bharat Forge Limited 3.23
State Bank of India 3.10
Siemens Limited 2.92
Torrent Power Limited 2.57
Castrol India Limited 2.19
Aurobindo Pharma Limited 2.18
Motherson Sumi Systems Limited 1.98
Petronet LNG Limited 1.88
Larsen & Toubro Limited 1.56
Shriram Transport Finance Company Limited 1.30
Sun Pharmaceutical Industries Limited 1.30
Indiabulls Housing Finance Limited 1.27
Bank of Baroda 1.25
Bharti Infratel Limited 1.24
Mahindra & Mahindra Financial Services Limited 1.20
LIC Housing Finance Limited 1.20
Dr. Reddy's Laboratories Limited 1.17
Hero MotoCorp Limited 1.09
The Federal Bank Limited 1.09
ICICI Bank Limited 1.08
Tata Global Beverages Limited 0.99
Tata Motors Limited 0.98
Asian Paints Limited 0.95
IDFC Bank Limited 0.95
Fortis Healthcare Limited 0.94
Hindalco Industries Limited 0.90
Maruti Suzuki India Limited 0.85
BEML Limited 0.74
Cadila Healthcare Limited 0.70
Britannia Industries Limited 0.65
Glenmark Pharmaceuticals Limited 0.63
Engineers India Limited 0.62
Suzlon Energy Limited 0.62
Manappuram Finance Limited 0.59
Jaiprakash Associates Limited 0.57
Wockhardt Limited 0.56
Jet Airways (India) Limited 0.54
Jain Irrigation Systems Limited 0.53
Infosys Limited 0.49
Pidilite Industries Limited 0.44
Yes Bank Limited 0.44
National Aluminium Company Limited 0.41
Rural Electrification Corporation Limited 0.41
Arvind Limited 0.38
Coal India Limited 0.38
IndusInd Bank Limited 0.36
Page Industries Limited 0.34
Hindustan Petroleum Corporation Limited 0.33
Ujjivan Financial Services Limited 0.32
Jindal Steel & Power Limited 0.31
Reliance Infrastructure Limited 0.28
The India Cements Limited 0.27
DLF Limited 0.27
CESC Limited 0.26
Divi's Laboratories Limited 0.21
GMR Infrastructure Limited 0.20
Ashok Leyland Limited 0.20
United Spirits Limited 0.19
Indiabulls Real Estate Limited 0.18
Colgate Palmolive (India) Limited 0.18
The South Indian Bank Limited 0.15
Max Financial Services Limited 0.15
IFCI Limited 0.15
UPL Limited 0.14
MRF Limited 0.12
Bharat Financial Inclusion Limited 0.12
Oracle Financial Services Software Limited 0.10
Godfrey Phillips India Limited 0.10
Adani Power Limited~
0.10
Nestle India Limited 0.09
Strides Shasun Limited 0.06
JSW Energy Limited 0.04
Escorts Limited 0.04
Reliance Communications Limited 0.04
Kotak Mahindra Bank Limited 0.02
IDFC Limited 0.01
Lupin Limited 0.004
DEBT, CASH & OTHERS 33.09
NET ASSET 100%
~
Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited
DATE OF ALLOTMENT
14th August 2014
MONTHLY AVERAGE
822.57 Cr.
AS ON 31ST AUGUST’17
906.39 Cr.
BENCHMARK
Crisil Liquid Fund
Index
Mr. Ashwin Patni
Work experience: 13 years.
He has been managing the fund since
27th April 2015
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since
inception.
FUND MANAGER
AXIS ENHANCED ARBITRAGE FUND FACTSHEET
AUGUST 2017
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.
(AN OPEN-ENDED ARBITRAGE FUND)
0.25% if redeemed / switched out within 7 days from the date of allotment. (w.e.f. 15th May
2015)
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Dividend
Aug 28, 2017 0.05 0.05 10.5202 10.4702 0.05 0.05 10.8985 10.8485
July 25, 2017 0.05 0.05 10.5022 10.4522 0.05 0.05 10.8697 10.8197
Jun 22, 2017 0.05 0.05 10.4981 10.4481 0.05 0.05 10.8557 10.8057
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of
the fund. @ Based on debt portfolio only. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to
maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated
by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of
the debt portfolio. #
Based on equity, equity derivatives and Fixed Income Securities transactions only. CBLO/ Repo/FD/Margin FD/MFU/SLB are not considered.
11
AVERAGE MATURITY*@
102 days
MODIFIED DURATION*@
90 days
PORTFOLIO YIELD (YIELD TO MATURITY&)
6.28%
PORTFOLIO TURNOVER#
(1 YEAR)
12.18 times
Date of
Inception
Current Value of
Investment if ` 10,000
was invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Enhanced Arbitrage Fund - Growth
14-Aug-14
12,203 6.75% - 6.73% 6.24%
CRISIL Liquid Fund Index (Benchmark) 12,551 7.74% - 7.72% 6.76%
CRISIL 1 Year T-Bill (Additional Benchmark) 12,463 7.49% - 7.48% 6.24%
Axis Enhanced Arbitrage - Direct Plan - Growth
14-Aug-14
12,519 7.64% - 7.60% 7.10%
CRISIL Liquid Fund Index (Benchmark) 12,551 7.74% - 7.72% 6.76%
CRISIL 1 Year T-Bill (Additional Benchmark) 12,463 7.49% - 7.48% 6.24%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated
on ` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans
have different expense structure. Plan of the scheme for which performance is given is indicated above.Devang Shah is managing the scheme since inception
and he manages 43 schemes & Ashwin Patni is managing the scheme since 27th April 2015 and he manages 22 schemes. Please refer to annexure on Page
31 for performance of schemes managed by the fund managers.

12. FIXED
INCOME
S E P T E M B E R 2 0 1 7
The Monetary Policy Committee of the Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6% in its August meeting. This
reduction was in line with market expectations as reflected by the subsequent muted reaction by the bond market. The 10 year government bond
closed the month at 6.53%, ~6 bps lower than its previous month end close.
Headline consumer price index (CPI) for the month of July was reported at 2.36% marginally up from previous month’s reading of 1.54%. This was
on account of cost of housing, energy and clothing which rose further coupled with food prices which fell at a softer pace.
While food inflation has been soft for a few months now, even core inflation had slowed sharply pointing to a broad based fall. This was
accompanied by falling inflation expectations both at the household level as well as by professional forecasters. The low inflation trajectory
allowed RBI to cut policy rates by 25 bps in its review meeting on the 2nd of August. However, room
for further rate cuts seems limited. To be sure, some of this fall in food prices could reverse in the
coming months. In particular prices of pulses and vegetables have fallen by over 15% compared
to last year. It is unlikely that this pace of fall can be sustained. It is much more likely that inflation
would revert closer to the 4% level – that is, closer to the core reading. Even achieving a 4%
inflation rate by the end of the current year would be a big win for RBI.
The economy is passing through a period of sluggishness, primarily on account of
implementation of the Goods and Service Tax or GST. The slowdown has been accentuated by the
fact that the economy has faced two jolts back-to-back, first demonetisation and now GST. Business sentiment remains robust however and output
should normalise once the system stabilises over next few months. Overall, July data shows a recovery from the pre-GST lows in June, but a patchy
one as channels take their time to adjust to the new system.
GDP for Q1FY18 came in at a weak 5.7% vs 6.1% last quarter. The reading was at a 3 year low. A drilldown to the GDP data shows that the
economy remains private consumption driven with investment lagging, but the discrepancy is less marked than it was in the previous quarter (when
investment contracted YoY).
Manufacturing PMI bounced back to 51.2 in August supported by a rebound in output and new orders. Services PMI data for August is still awaited.
Lower growth and lower inflation together make a strong case for a rate cut. But even as the current conditions argue for a strong monetary
response, the RBI believes that the near term outlook is clouded. As explained above it is likely that we have seen the trough of inflation. On the
growth front, the impact of a rate cut on growth might be limited – as some of the slowdown in growth is due to weak balance sheets of banks and
the corporate sector. A reduction in interest rate may not spur lending activity in such a situation.
The overall macro situation is also supported by easy liquidity and an accommodative fiscal stance. The pace of remonetization has slowed in
recent months and excess liquidity appears to be persistent. This has been supported by strong FPI flows. On the fiscal front, we have seen the
central government hit 80% of its budgeted deficit target in the first quarter itself. Several states have announced farm loan waivers which could
result in fiscal expansion. GST on the other hand was off to an encouraging start as seen by first month’s collections which were only marginally
lower than the budgeted run rate for FY18 for both state government and central government put together.
On balance therefore the RBI has opted to cut rates, but has maintained a neutral stance of policy –preferring to wait for further data to decide if
rates should be further reduced.
In the near term we expect the markets to remain range-bound. There may be tactical opportunities in long duration bonds from time to time,
though from a structural perspective it does appear that we are very close to the end of the rate cycle. At the same time easy liquidity has depressed
money market yields. In such a situation investors should consider short-term corporate bond funds, which are relatively insulated from duration
risks but take advantage of the steep short term yield curve.
10 YEAR G-SEC YIELD
6.53%
QUICK TAKE
CPI Inflation : Last 1 year
2.36%
5.05%
Repo : Last 1 year
6.50%
6.00%
10 yr G-Sec : Last 1 year
6.53%
7.11%
• Reserve Bank of India cut the
benchmark repo rate by 25 basis
points to 6% in its August
meeting.
• From a structural perspective it
appears that we are very close to
the end of the rate cycle.
• In the near term we expect the
markets to remain range-bound.
• Investor should look to invest in
short-term corporate bond funds,
which are relatively insulated from
duration risks but take advantage
of the steep short term yield curve.
12

13. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
RATING % OF ASSETS
TOTAL MONEY MARKET
INSTRUMENTS^
95.71
BANKS 8.56
HDFC Bank Limited CARE A1+ 6.14
RBL Bank Limited ICRA A1+ 1.31
IDFC Bank Limited ICRA A1+ 1.01
IndusInd Bank Limited CRISIL A1+ 0.10
OTHERS 66.51
Indiabulls Housing Finance Limited CRISIL A1+ 4.97
HDFC Limited ICRA A1+ 4.30
Reliance Jio Infocomm Limited CARE A1+ 4.00
Edelweiss Commodities Services Limited CRISIL A1+ 3.47
Tata Steel Limited IND A1+ 3.20
Reliance Industries Limited ICRA A1+ 1.97
Redington (India) Limited ICRA A1+ 2.62
National Bank For Agriculture and Rural
Development
CRISIL A1+ 2.46
Welspun Renewables Energy Private Limited IND A1+(SO) 2.44
India Infoline Finance Limited ICRA A1+ 2.23
Reliance Industries Limited CRISIL A1+ 2.84
Hindalco Industries Limited CRISIL A1+ 1.97
Tata Motors Finance Limited CARE A1+ 1.64
Dewan Housing Finance Corporation
Limited
CRISIL A1+ 1.63
Aditya Birla Finance Limited ICRA A1+ 1.62
Piramal Finance Limited ICRA A1+ 1.62
Vedanta Limited CRISIL A1+ 1.61
JSW Steel Limited CARE A1+ 1.46
Tata Capital Housing Finance Limited CRISIL A1+ 1.21
TMF Holdings Limited CARE A1+ 1.11
LIC Housing Finance Limited CRISIL A1+ 1.11
Rural Electrification Corporation Limited CARE A1+ 1.08
Aditya Birla Fashion and Retail Limited CRISIL A1+ 1.03
Adani Ports and Special Economic Zone
Limited
ICRA A1+ 1.01
India Infoline Limited ICRA A1+ 1.01
Kotak Mahindra Prime Limited CRISIL A1+ 0.82
Daimler Financial Services India Pvt Limited IND A1+ 0.81
Sun Pharmaceutical Industries Limited ICRA A1+ 0.81
Gruh Finance Limited CRISIL A1+ 0.81
L&T Finance Limited CARE A1+ 0.81
Cholamandalam Investment and Finance
Company Limited
ICRA A1+ 0.81
Mahindra & Mahindra Financial Services
Limited
CRISIL A1+ 0.61
Emami Limited CRISIL A1+ 0.61
Chennai Petroleum Corporation Limited ICRA A1+ 0.61
TVS Credit Services Limited CRISIL A1+ 0.61
Shapoorji Pallonji and Company Pvt Limited ICRA A1+ 0.60
Larsen & Toubro Limited CRISIL A1+ 0.41
Indian Railway Finance Corporation Limited CRISIL A1+ 0.41
Godrej Consumer Products Limited ICRA A1+ 0.41
CESC Limited CARE A1+ 0.41
HDB Financial Services Limited CRISIL A1+ 0.41
Godrej Industries Limited ICRA A1+ 0.41
Hinduja Leyland Finance Limited CARE A1+ 0.40
Kotak Mahindra Investments Limited CRISIL A1+ 0.40
JM Financial Products Limited ICRA A1+ 0.31
JM Financial Services Limited ICRA A1+ 0.31
Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.30
TVS Credit Services Limited ICRA A1+ 0.20
Grasim Industries Limited CRISIL A1+ 0.20
IndoStar Capital Finance Limited CRISIL A1+ 0.20
Trapti Trading & Invest Pvt Limited ICRA A1+ 0.10
Turquoise Invest & Finance Pvt Limited CRISIL A1+ 0.08
ECL Finance Limited CRISIL A1+ 0.02
TREASURY BILL 20.64
91 Days Tbill Sovereign 8.44
91 Days Tbill Sovereign 5.45
80 Days CMB Sovereign 4.36
364 Days Tbill Sovereign 1.29
43 Days CMB Sovereign 1.10
TOTAL DEBT 2.05
CORPORATE BOND 2.05
UltraTech Cement Limited CRISIL A1+ 2.04
LIC Housing Finance Limited CRISIL AAA 0.01
NET CURRENT ASSETS 2.23
NET ASSETS 100%
^Certificate of Deposit/Commercial Paper/Treasury Bill
Aggregate Investments by other chemes as on August 31st, 2017 Rs 1,00,017.27 Lakhs
DATE OF ALLOTMENT
9th October 2009
MONTHLY AVERAGE
20,252.06 Cr.
AS ON 31ST AUGUST’17
23,490.16 Cr.
BENCHMARK
Crisil Liquid Fund
Index
AVERAGE MATURITY*
39 days
MODIFIED DURATION*
36 days
PORTFOLIO YIELD (YIELD TO MATURITY&)
6.29%
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since
5th November 2012.
Mr. Aditya Pagaria
Work experience: 9 years.
He has been managing this fund since
13th August 2016.
FUND MANAGER
 Total Money Market Instruments* - 97.95%
 Corporate Bond - 2.05%
 ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ IND A1+/
IND A1+(SO) / & Equivalent - 79.36%
 SOV - 20.64%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
Credit Risk Rating
[ICRA] A1+mfs^
CARE AAA mfs^
* Includes Net Current Assets
INVESTMENT OBJECTIVE: To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of
money market and debt securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.
AXIS LIQUID FUND
(AN OPEN-ENDED LIQUID SCHEME)
FACTSHEET
AUGUST 2017
NIL
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
Regular Plan Retail Plan Direct Plan
Options Record Date
Dividend (` Per
unit)
NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per
unit)
NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per
unit)
NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individu-
als/
HUF
Others
Individuals/
HUF
Oth-
ers
Individuals/
HUF
Others
Monthly
Dividend
Aug 28, 2017 4.3358 4.0170 1,006.59271,000.5896 3.9222 3.6290 1005.6433 1000.2201 4.3713 4.0499 1,006.27141,000.2192
July 25, 2017 3.6847 3.4138 1,005.69121,000.5896 3.3786 3.09781,004.84951,000.2201 3.7234 3.4496 1,005.37441,000.2192
Jun 27, 2017 4.2336 3.9224 1,006.45131,000.5896 3.8694 3.58491,005.57741,000.2201 4.2879 3.9727 1,006.15611,000.2192
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of
the fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the
portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought
by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
13
^^
Date of
Inception
Current Value of
Investment if `
10,000 was invested
on Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Liquid Fund - Growth
09-Oct-09
18,476 8.08% 8.34% 7.82% 6.82%
Crisil Liquid Fund Index (Benchmark) 17,963 7.70% 8.21% 7.74% 6.76%
Crisil 1 Year T-Bill Index (Additional Benchmark) 16,496 6.54% 7.30% 7.50% 6.24%
Axis Liquid Fund - Direct Plan - Growth
31-Dec-12
14,561 8.38% - 7.89% 6.90%
Crisil Liquid Fund Index (Benchmark) 14,469 8.23% - 7.74% 6.76%
Crisil 1 Year T-Bill Index (Additional Benchmark) 13,863 7.25% - 7.50% 6.24%
Axis Liquid Fund - Retail Plan - Growth
01-Mar-10
17,601 7.82% 7.80% 7.26% 6.24%
Crisil Liquid Fund Index (Benchmark) 17,762 7.95% 8.21% 7.74% 6.76%
Crisil 1 Year T-Bill Index (Additional Benchmark) 16,332 6.75% 7.30% 7.50% 6.24%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on `
1,000 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November 2012 and he
manages 43 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on Page 30-31 for
performance of schemes managed by the fund managers.
DIVIDENDS

14. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
Regular Plan Retail Plan Direct Plan
Options Record Date
Dividend (` Per
unit)
NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per
unit)
NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per
unit)
NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Indi-
viduals/
HUF
Others
Individu-
als/
HUF
Others
Indi-
viduals/
HUF
Others
Monthly
Dividend
Aug 28, 2017 4.1518 3.8466 1,011.1998 1,005.4514 3.9526 3.6623 1,010.9212 1,005.4482 4.6708 4.3200 1,011.9202 1,005.4530
July 25, 2017 4.0684 3.7693 1,011.0843 1,005.4514 3.9038 3.6166 1,010.8529 1,005.4482 4.4986 4.1733 1,011.6814 1,005.4530
Jun 27, 2017 4.7811 4.4296 1,012.0711 1,005.4514 4.6018 4.2635 1,011.8196 1,005.4482 5.2469 4.8612 1,012.7176 1,005.4530
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the fund.
* For instruments with put/call option, the put/call date has been taken as the maturity date.
& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe
generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus
of the debt portfolio.
PORTFOLIO
RATING % OF ASSETS
TOTAL MONEY MARKET
INSTRUMENTS^
23.76
BANKS 5.64
ICICI Bank Limited ICRA A1+ 2.93
HDFC Bank Limited CARE A1+ 1.70
IndusInd Bank Limited CRISIL A1+ 0.86
NABARD CRISIL A1+ 0.15
OTHERS 17.35
Power Finance Corporation Limited CRISIL A1+ 4.11
Adani Transmission Limited IND A1+ 4.10
Indian Railway Finance Corporation Limited CRISIL A1+ 2.01
IndoStar Capital Finance Limited CRISIL A1+ 1.52
Network18 Media & Investments Limited ICRA A1+ 1.52
Adani Ports and Special Economic Zone
Limited
ICRA A1+ 1.52
Barclays Invest & Loans India Limited ICRA A1+ 0.77
Indiabulls Housing Finance Limited CRISIL A1+ 0.75
Turquoise Invest & Finance Pvt Limited CRISIL A1+ 0.73
NABARD CRISIL A1+ 0.31
TREASURY BILL 0.77
91 Days Tbill Sovereign 0.77
TOTAL DEBT 40.50
CORPORATE BOND 33.53
Indiabulls Housing Finance Limited BWR AAA 4.45
NABARD CRISIL AAA 4.38
Piramal Finance Limited ICRA AA 3.13
Tata Capital Financial Services Limited CRISIL AA+ 2.35
Tata Power Company Limited ICRA AA- 2.33
Power Finance Corporation Limited CRISIL AAA 2.12
Hinduja Leyland Finance Limited CARE AA- 1.59
Edelweiss Commodities Services Limited CRISIL AA 1.55
Gruh Finance Limited ICRA AAA 1.49
Daimler Financial Services India Pvt Limited IND AAA 1.25
JM Financial Products Limited CRISIL AA 1.24
Muthoot Finance Limited CRISIL AA 1.00
India Infoline Finance Limited ICRA AA 0.94
UPL Limited BWR AA+ 0.80
LIC Housing Finance Limited CRISIL AAA 0.79
Mahindra Rural Housing Finance IND AA+ 0.78
HDFC Limited CRISIL AAA 0.78
Magma Fincorp Limited ICRA AA- 0.78
Tata Motors Finance Limited CRISIL AA 0.78
Emami Limited CRISIL AA+ 0.44
Cholamandalam Investment and Finance
Company Limited
ICRA AA 0.31
IndoStar Capital Finance Limited IND AA- 0.16
Small Industries Dev Bank of India CARE AAA 0.06
IDFC Bank Limited ICRA AAA 0.03
ZERO COUPON BOND 6.97
Dewan Housing Finance Corporation
Limited
CARE AAA 3.55
Tata Motors Finance Limited CARE AA+ 2.23
Sundaram BNP Paribas Home Finance
Limited
ICRA AA+ 0.81
JM Financial Products Limited CRISIL AA 0.39
NET CURRENT ASSETS 35.74
NET ASSETS 100%
^Certificate of Deposit/Commercial Paper/Treasury Bill
DATE OF ALLOTMENT
9th October 2009
MONTHLY AVERAGE
3,343.84 Cr.
AS ON 31ST AUGUST’17
3,228.79 Cr.
BENCHMARK
Crisil Liquid Fund
Index
AVERAGE MATURITY
*
185 days
MODIFIED DURATION
*
167 days
PORTFOLIO YIELD (YIELD TO MATURITY&)
6.81%
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since
07th June 2016.
Mr. Aditya Pagaria
Work experience: 9 years.
He has been managing this fund since
13th August 2016.
FUND MANAGER
 Total Money Market Instruments* - 59.50%
 Corporate Bond - 33.53%
 Zero Coupon Bond - 6.97%
 ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/
IND A1+/ BWR AAA/ IND AAA & Equivalent - 77.62%,  ICRA AA/ CRISIL AA
- 9.36%,  CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+/ BWR AA+
- 7.39%,  ICRA AA-/ CARE AA-/ IND AA- - 4.86%,  SOV - 0.77%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
Credit Risk Rating
[ICRA] A1+mfs^
* Includes Net Current Assets
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.
AXIS TREASURY ADVANTAGE FUND
(AN OPEN-ENDED DEBT SCHEME)
FACTSHEET
AUGUST 2017
NIL
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
14
Date of
Inception
Current Value of
Investment if ` 10,000
was invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Treasury Advantage Fund - Growth
09-Oct-09
18,671 8.23% 8.49% 8.07% 7.10%
Crisil Liquid Fund Index (Benchmark) 17,963 7.70% 8.21% 7.72% 6.76%
Crisil 1 Year T-Bill Index (Additional
Benchmark) 16,496 6.54% 7.30% 7.48% 6.24%
Axis Treasury Advantage Fund - Direct Plan
- Growth
01-Jan-13
14,901 8.92% - 8.56% 7.69%
Crisil Liquid Fund Index (Benchmark) 14,466 8.24% - 7.72% 6.76%
Crisil 1 Year T-Bill Index (Additional
Benchmark) 13,857 7.24% - 7.48% 6.24%
Axis Treasury Advantage Fund - Retail Plan
- Growth
03-Mar-10
17,533 7.77% 7.75% 7.44% 6.58%
Crisil Liquid Fund Index (Benchmark) 17,751 7.95% 8.21% 7.72% 6.76%
Crisil 1 Year T-Bill Index (Additional
Benchmark) 16,330 6.76% 7.30% 7.48% 6.24%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on ` 1,000
invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 7th June 2016 and he manages
43 schemes & Aditya Pagaria is managing the scheme since 13th August 2016 and he manages 4 schemes. Please refer to annexure on 30-31 for performance of
schemes managed by the fund managers.

15. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
DATE OF ALLOTMENT
22nd January
2010
MONTHLY AVERAGE
7,383.56 Cr.
AS ON 31ST AUGUST’17
7,552.41 Cr.
BENCHMARK
Crisil Short Term
Bond Fund Index
AVERAGE MATURITY
*
2.3 years
MODIFIED DURATION
*
1.8 years
PORTFOLIO YIELD (YIELD TO MATURITY&)
7.01%
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since
5th November 2012.
FUND MANAGER
 Corporate Bond - 72.61%
 Total Money Market Instruments* - 14.54%
 State Government Bond - 7.49%
 Government Bond - 3.45%
 Zero Coupon Bond - 1.90%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
Credit Risk Rating
[ICRA]AAAmfs$
* Includes Net Current Assets
INVESTMENT OBJECTIVE: To generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising
of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
AXIS SHORT TERM FUND
(AN OPEN-ENDED DEBT SCHEME)
FACTSHEET
AUGUST 2017
NIL (w.e.f. 28th August 2015)
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
Regular Plan Retail Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Individuals/
HUF
Others
Monthly
Dividend
Aug 28, 2017 0.0593 0.0549 10.2944 10.2122 0.0509 0.0472 10.1429 10.0723 0.0556 0.0515 10.1509 10.0739
July 25, 2017 0.0414 0.0384 10.2884 10.2310 0.0407 0.0377 10.1368 10.0804 0.0447 0.0414 10.1438 10.0818
Jun 27, 2017 0.0495 0.0459 10.2859 10.2172 0.0480 0.0444 10.1331 10.0666 0.0524 0.0486 10.1409 10.0682
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the
fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the
portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought
by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
15
 ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE AAA/ ICRA AAA/ IND
AAA/ BWR AAA/ CRISIL AAA(SO) & Equivalent - 76.69%  SOV - 11.62% 
CRISIL AA+/ CARE AA+/ ICRA AA+/ IND AA+ - 6.83%  ICRA AA/ CRISIL
AA - 4.86%
RATING % OF ASSETS
TOTAL DEBT 85.46
CORPORATE BOND 72.61
Power Finance Corporation Limited CRISIL AAA 10.66
HDFC Limited CRISIL AAA 10.11
NABARD CRISIL AAA 5.54
NABARD IND AAA 4.25
LIC Housing Finance Limited CRISIL AAA 3.79
Rural Electrification Corporation Limited CRISIL AAA 3.17
National Highways Auth Of Ind CRISIL AAA 2.95
Reliance Jio Infocomm Limited CRISIL AAA 2.89
Indiabulls Housing Finance Limited BWR AAA 2.68
Power Grid Corporation of India Limited CRISIL AAA 2.48
Dewan Housing Finance Corporation Limited BWR AAA 2.13
Tata Sons Ltd CRISIL AAA 1.97
Cholamandalam Investment and Finance
Company Limited
ICRA AA 1.82
Vodafone Mobile Services Limited CRISIL AA 1.77
Tata Capital Financial Services Limited ICRA AA+ 1.76
HDB Financial Services Limited CRISIL AAA 1.68
Tata Industries Limited CRISIL A1+ 1.66
Shriram Transport Finance Company Limited CRISIL AA+ 1.44
Nirma Limited CRISIL AA 1.27
Tata Capital Financial Services Limited CRISIL AA+ 1.00
State Bank of India CRISIL AAA 0.80
Mahindra & Mahindra Financial Services
Limited
IND AAA 0.74
Tata Motors Limited CARE AA+ 0.69
L&T Housing Finance CARE AA+ 0.66
Dewan Housing Finance Corporation Limited CARE AAA 0.63
Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 0.60
L&T Infrastructure Finance Company Limited CARE AA+ 0.54
IDFC Bank Limited ICRA AAA 0.53
Daimler Financial Services India Pvt Limited IND AAA 0.47
Bajaj Finance Limited CRISIL AAA 0.33
LIC Housing Finance Limited CARE AAA 0.33
Mahindra Rural Housing Finance CRISIL AA+ 0.33
Indiabulls Housing Finance Limited ICRA AAA 0.33
Indiabulls Housing Finance Limited ICRA AAA 0.27
Bajaj Finance Limited CARE AAA 0.15
Indiabulls Housing Finance Limited CARE AAA 0.07
Mahindra Rural Housing Finance IND AA+ 0.07
Export Import Bank of India CRISIL AAA 0.03
Indian Railway Finance Corporation Limited CRISIL AAA 0.01
Small Industries Dev Bank of India CARE AAA 0.00
STATE GOVERNMENT BOND SOVEREIGN 7.49
GOVERNMENT BOND SOVEREIGN 3.45
ZERO COUPON BOND 1.90
Dewan Housing Finance Corporation Limited CARE AAA 1.38
Sundaram BNP Paribas Home Finance
Limited
ICRA AA+ 0.35
Mahindra & Mahindra Financial Services
Limited
IND AAA 0.15
Axis Finance Limited IND AAA 0.02
HDB Financial Services Limited CRISIL AAA 0.00
TOTAL MONEY MARKET INSTRUMENTS^ 9.47
BANKS 5.71
IDFC Bank Limited ICRA A1+ 2.52
IndusInd Bank Limited CRISIL A1+ 0.96
NABARD CRISIL A1+ 0.90
Kotak Mahindra Bank Limited CRISIL A1+ 0.63
Export Import Bank of India CRISIL A1+ 0.62
HDFC Bank Limited CARE A1+ 0.07
OTHERS 3.08
Larsen & Toubro Limited CRISIL A1+ 0.79
NABARD CRISIL A1+ 0.64
Tata Motors Limited ICRA A1+ 0.56
Indian Railway Finance Corporation Limited CRISIL A1+ 0.46
Power Finance Corporation Limited CRISIL A1+ 0.32
Trapti Trading & Invest Pvt Limited ICRA A1+ 0.31
TREASURY BILL 0.67
80 Days CMB Sovereign 0.66
91 Days Tbill Sovereign 0.01
NET CURRENT ASSETS 5.07
NET ASSETS 100%
^Certificate of Deposit/Commercial Paper/Treasury Bill
Date of
Inception
Current Value of
Investment if ` 10,000
was invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Short Term Fund - Growth
22-Jan-10
18,373 8.32% 8.68% 8.86% 8.11%
Crisil Short Term Bond Fund Index Benchmark) 18,394 8.34% 9.04% 9.10% 8.16%
Crisil 1 Year T-Bill Index (Additional Benchmark) 16,369 6.69% 7.30% 7.48% 6.24%
Axis Short Term Fund - Direct Plan - Growth
01-Jan-13
15,228 9.43% - 9.70% 8.85%
Crisil Short Term Bond Fund Index (Benchmark) 14,981 9.05% - 9.10% 8.16%
Crisil 1 Year T-Bill Index (Additional Benchmark) 13,857 7.24% - 7.48% 6.24%
Axis Short Term Fund - Retail Plan - Growth
02-Mar-10
18,166 8.28% 8.65% 8.87% 8.11%
Crisil Short Term Bond Fund Index (Benchmark) 18,357 8.43% 9.04% 9.10% 8.16%
Crisil 1 Year T-Bill Index (Additional Benchmark) 16,330 6.75% 7.30% 7.48% 6.24%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on
` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have
different expense structure. Plan of the scheme for which performance is given is indicated above.
Devang Shah is managing the scheme since 5th November 2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to annexure on Page 31 for
performance of schemes managed by the fund manager.
DIVIDENDS

16. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Half Yearly Dividend
Mar 27, 2017 0.3611 0.3346 11.2460 10.7460 0.3611 0.3346 11.8203 11.3203
Sep 26, 2016 0.3611 0.3346 11.3942 10.8942 0.3611 0.3346 11.9017 11.4017
Mar 28, 2016 0.3611 0.3345 11.0764 10.5764 0.3611 0.3345 11.4947 10.9947
Sep 28, 2015 0.2889 0.2676 11.1709 10.7709 0.2889 0.2676 11.5136 11.1136
Quarterly Dividend
Jun 27, 2017 0.1805 0.1672 10.8368 10.5868 0.1805 0.1672 11.5039 11.2539
Mar 27, 2017 0.1806 0.1673 10.7941 10.5441 0.1806 0.1673 11.4189 11.1689
Dec 26, 2016 0.1805 0.1672 10.9387 10.6887 0.1805 0.1672 11.5337 11.2837
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Half Yearly Dividends disclosed above
are for the last 2 Years. Quarterly Dividends disclosed above are for the last 3 quarters. * For instruments with put/call option, the put/call
date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of funds as on date given above.
This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or
may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
PORTFOLIO
RATING % OF ASSETS
TOTAL DEBT 84.63
GOVERNMENT BOND SOVEREIGN 30.50
CORPORATE BOND 30.14
Rural Electrification Corporation
Limited
CRISIL AAA 9.00
Power Grid Corporation of India
Limited
CRISIL AAA 9.00
Reliance Gas Transportation
Infrastructure Limited
CRISIL AAA 5.45
NABARD CRISIL AAA 1.52
Tata Sons Ltd CRISIL AAA 1.50
Edelweiss Commodities Services
Limited
ICRA AA 1.49
Tata Power Company Limited CRISIL AA- 1.30
India Infrastructure Fin Co Ltd CRISIL AAA 0.89
STATE GOVERNMENT BOND SOVEREIGN 23.99
MISCELLANEOUS 3.86
IIERT TRUST
CRISIL
AAA(SO)
3.86
NET CURRENT ASSETS 11.51
NET ASSETS 100%
DATE OF ALLOTMENT
27th April 2011
MONTHLY AVERAGE
339.01 Cr.
AS ON 31ST AUGUST’17
336.95 Cr.
BENCHMARK
Crisil Composite
Bond Fund Index
AVERAGE MATURITY*
7.9 years
MODIFIED DURATION*
4.8 years
PORTFOLIO YIELD (YIELD TO MATURITY&)
7.07%
Mr. R. Sivakumar
Work experience: 18 years.
He has been managing this fund since
inception
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since
5th November 2012.
FUND MANAGER
 Government Bond - 30.50%
 Corporate Bond - 30.14%
 State Government Bond -23.99%
 Total Money Market Instruments* - 11.51%
 Miscellaneous - 3.86%
 SOV - 54.49%  CRISIL AAA / CRISIL AAA(SO) & Equivalent
- 42.73%  ICRA AA - 1.49%  CRISIL AA- - 1.30%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
* Includes Net Current Assets
INVESTMENT OBJECTIVE: To generate optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments.
AXIS DYNAMIC BOND FUND
(AN OPEN-ENDED DEBT FUND)
FACTSHEET
AUGUST 2017
EXIT LOAD
If redeemed/switched out within 12 months from the date of allotment:
- For 10% of investment : Nil
- For remaining investment : 1%
If redeemed/switched out after 12 months from
the date of allotment: Nil
(w.e.f. 22nd June 2015
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
16
Date of
Inception
Current Value of
Investment if ` 10,000
was invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Dynamic Bond Fund - Growth
27-Apr-11
17,547 9.26% 9.37% 10.54% 8.71%
Crisil Composite Bond Fund Index (Benchmark) 17,604 9.31% 9.58% 11.01% 9.31%
CRISIL 10 year Gilt Index (Additional
Benchmark) 16,213 7.91% 8.47% 11.03% 8.97%
Axis Dynamic Bond Fund - Direct Plan -Growth
01-Jan-13
15,898 10.45% - 11.77% 9.66%
Crisil Composite Bond Fund Index (Benchmark) 15,284 9.52% - 11.01% 9.31%
CRISIL 10 year Gilt Index (Additional
Benchmark) 14,390 8.11% - 11.03% 8.97%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated
on ` 10 invested at inception. Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs.10 invested at inception. The
performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have different expense structure.
Plan of the scheme for which performance is given is indicated above. R. Sivakumar is managing the scheme since inception and he manages 5 schemes &
Devang Shah is managing the schmes since 5th November 2012 and he manages 43 schemes. Please refer to annexure on Page 30&31 for performance of
schemes managed by the fund managers.

17. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
RATING % OF ASSETS
TOTAL DEBT 83.73
CORPORATE BOND 66.45
Power Finance Corporation Limited CRISIL AAA 9.67
Indiabulls Housing Finance Limited BWR AAA 8.36
NABARD CRISIL AAA 8.21
Reliance Jio Infocomm Limited CRISIL AAA 6.25
Piramal Finance Limited ICRA AA 4.98
Nirma Limited CRISIL AA 4.27
Dewan Housing Finance Corporation
Limited
BWR AAA 4.18
Vedanta Limited CRISIL AA 4.16
Adani Transmission Limited IND AA+ 3.61
UPL Limited BWR AA+ 2.81
India Infoline Finance Limited ICRA AA 2.77
Muthoot Finance Limited CRISIL AA 1.93
Small Industries Dev Bank of India CARE AAA 1.37
Magma Fincorp Limited ICRA AA- 1.37
Cyquator Media Services Private Limited#
BWR A1+(SO) 1.37
Hinduja Leyland Finance Limited CARE AA- 1.13
ZERO COUPON BOND 17.28
TMF Holdings Limited CRISIL AA 4.48
Edelweiss Commodities Services Limited CARE AA 3.01
JM Financial Products Limited CRISIL AA 2.91
Sprit Textile Pvt Limited BWR AA-(SO) 2.75
Emami Infrastructure Limited**
IND AA-(SO) 1.82
Dewan Housing Finance Corporation
Limited
CARE AAA 1.40
India Infoline Finance Limited ICRA AA 0.91
TOTAL MONEY MARKET
INSTRUMENTS^
8.37
BANKS 6.49
RBL Bank Limited ICRA A1+ 6.49
OTHERS 1.88
Tata Motors Limited ICRA A1+ 1.88
MISCELLANEOUS 3.99
IIERT TRUST
CRISIL
AAA(SO)
2.73
MFL Securitisation Trust
CRISIL
AAA(SO)
1.26
NET CURRENT ASSETS 3.90
NET ASSETS 100%
^Certificate of Deposit/Commercial Paper/ #
Secured by shares of
Zee Entertainment Enterprises Ltd / ** Secured by shares of Emami
Ltd
DATE OF ALLOTMENT
13th July 2017
MONTHLY AVERAGE
356.53 Cr.
AS ON 31ST AUGUST’17
365.95 Cr.
BENCHMARK
CRISIL Short Term
Bond Fund Index
AVERAGE MATURITY*
1.3 years
MODIFIED DURATION*
1.1 years
PORTFOLIO YIELD (YIELD TO MATURITY&)
7.48%
 Corporate Bond - 66.45%
 Zero Coupon Bond - 17.28%
 Total Money Market Instruments* - 12.27%
 Miscellaneous - 3.99%
COMPOSITION BY ASSETS (%)
* Includes Net Current Assets
INVESTMENT OBJECTIVE: The Scheme seeks to provide steady income and capital appreciation by investing in corporate debt. There is no
assurance or guarantee that the objectives of the Scheme will be realized.
AXIS CORPORATE DEBT OPPORTUNITIES FUND
(AN OPEN-ENDED DEBT FUND)
FACTSHEET
AUGUST 2017
17
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since 13th July 2017.
FUND MANAGER
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
EXIT LOAD
NIL
 ICRA A1+/ CRISIL AAA/ CARE AAA/ BWR AAA/ BWR
A1+(SO)/ CRISIL AAA(SO) & Equivalent - 57.08%
 ICRA AA/ CRISIL AA/ CARE AA - 29.43%
 ICRA AA-/ CARE AA-/ IND AA-(SO)/ BWR AA-(SO) - 7.06%
 IND AA+/ BWR AA+ - 6.43%
COMPOSITION BY RATING (%)
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Monthly
Dividend
Aug 28, 2017 0.0390 0.0362 10.1041 10.0500 0.0474 0.0439 10.1156 10.0500
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the
fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the
portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought
by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
DIVIDENDS

18. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Half Yearly Dividend Mar 27, 2017 0.3611 0.3346 11.3750 10.8750 0.3611 0.3346 11.5724 11.0724
Sep 26, 2016 0.3611 0.3346 11.4980 10.9980 0.3611 0.3346 11.6564 11.1564
Mar 28, 2016 0.3611 0.3345 11.2292 10.7292 0.3611 0.3345 11.3351 10.8351
Sep 28, 2015 0.2889 0.2676 11.3054 10.9054 0.2889 0.2676 11.3459 10.9459
Quarterly Dividend
Jun 27, 2017 0.1805 0.1672 10.7832 10.5332 0.1805 0.1672 11.3275 11.0775
Mar 27, 2017 0.1806 0.1673 10.7549 10.5049 0.1806 0.1673 11.2694 11.0194
Dec 26, 2016 0.1805 0.1672 10.8011 10.5511 0.1805 0.1672 11.2898 11.0398
Nov 02, 2016 0.0625 0.0625 10.3825 10.3200 0.0625 0.0625 10.5525 10.4900
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10.
Half yearly dividend disclosed above are since the inception of the fund. Quarterly dividends disclosed above are for the last 3 Quarters.
* For instruments with put/call option, the put/call date has been taken as the maturity date.
& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund
and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
DATE OF ALLOTMENT
28th March 2012
MONTHLY AVERAGE
509.87Cr.
AS ON 31ST AUGUST’17
586.69 Cr.
BENCHMARK
Crisil Composite
Bond Fund Index
AVERAGE MATURITY
*
2.6 years
MODIFIED DURATION
*
2.1 years
PORTFOLIO YIELD (YIELD TO MATURITY&)
8.03%
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since 5th
November 2012.
FUND MANAGER
 Corporate Bond - 78.44%
 Zero Coupon Bond - 8.29%
 Miscellaneous - 6.06%
 Total Money Market Instruments* - 2.91%
 Reduced Face Value Bonds - Non Amortisaion - 2.56%
 Government Bond - 1.02%
 State Government Bond - 0.72%
 BWR A1+(SO) / CRISIL AAA/ BWR AAA/ CRISIL AAA(SO) / ICRA
AAA & Equivalent - 38.49%  ICRA AA / CRISIL AA / CARE AA /
CARE AA(SO) / IND AA - 35.75%  CRISIL AA-/ ICRA AA-/ BWR AA-
(SO)/ CARE AA- - 11.28%  BWR A+(SO)/ CARE A+/ ICRA A+
- 7.38%  ICRA AA+/ IND AA+- 5.36%  SOV - 1.74%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
* Includes Net Current Assets
PORTFOLIO
INVESTMENT OBJECTIVE: To generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.
FACTSHEET
AUGUST 2017
EXIT LOAD
If redeemed / switched-out within 12 months from the date of allot-
ment
For 10% of investment : Nil
For remaining investment : 1%
If redeemed/switched out after 12 months from the date of allotment :
Nil (w.e.f. 30th June 2016)
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
18
(AN OPEN-ENDED DEBT SCHEME)
AXIS REGULAR SAVINGS FUND
Note: Note: The scheme was reanamed earlier known as Axis Income Fund and was renamed w.e.f. April 10, 2017.
RATING % OF ASSETS
TOTAL DEBT 91.02
CORPORATE BOND 78.44
Reliance Jio Infocomm Limited CRISIL AAA 6.71
Dewan Housing Finance Corporation
Limited
BWR AAA 5.22
Indiabulls Housing Finance Limited BWR AAA 4.33
Piramal Enterprises Limited ICRA AA 3.76
Bhopal Dhule Transmission Company
Limited
CRISIL AAA 3.43
Rural Electrification Corporation Limited CRISIL AAA 3.32
Vodafone Mobile Services Limited CRISIL AA 3.31
JM Financial Products Limited CRISIL AA 2.91
Adani Transmission Limited IND AA+ 2.77
Dalmia Cement (Bharat) Limited ICRA AA 2.61
Nuvoco Vistas Corporation Limited CRISIL AA 2.58
Hinduja Leyland Finance Limited CARE AA- 2.43
Magma Fincorp Limited ICRA AA- 2.22
Reliance Gas Transportation Infrastructure
Limited
CRISIL AAA 2.08
India Infoline Finance Limited ICRA AA 2.08
Oriental Nagpur Betul Highway Limited
CRISIL
AAA(SO)
1.91
Muthoot Finance Limited CRISIL AA 1.90
PVR Limited CRISIL AA- 1.77
Vedanta Limited CRISIL AA 1.73
Birla Corporation Limited ICRA AA 1.73
Mahindra Rural Housing Finance IND AA+ 1.71
TI Financial Holdings Limited CRISIL AA 1.71
Ujjivan Small Finance Bank Limited ICRA A+ 1.71
Tata Power Company Limited CRISIL AA- 1.68
Hindalco Industries Limited CRISIL AA 1.29
Hansdeep Industries & Trading Company
Limited
CARE AA(SO) 1.23
Nirma Limited CRISIL AA 1.20
Cyquator Media Services Private Limited#
BWR A1+(SO) 1.19
ECL Finance Limited ICRA AA 0.88
ICICI Bank Limited ICRA AA+ 0.87
Equitas Small Finance Bank Limited CARE A+ 0.87
Piramal Finance Limited ICRA AA 0.86
JK Lakshmi Cement Limited CARE AA 0.86
Edelweiss Commodities Services Limited ICRA AA 0.86
Indiabulls Housing Finance Limited ICRA AAA 0.85
IndoStar Capital Finance Limited CARE AA- 0.71
SRF Limited IND AA 0.68
Power Finance Corporation Limited CRISIL AAA 0.47
ZERO COUPON BOND 8.29
Amri Hospitals Limited^
BWR A+(SO) 2.25
India Infoline Finance Limited ICRA AA 1.74
Adani Power Limited~
BWR AA-(SO) 1.44
Sprit Textile Pvt Limited BWR AA-(SO) 1.03
Edelweiss Commodities Services Limited CARE AA 0.94
TMF Holdings Limited CRISIL AA 0.54
JM Financial Products Limited CRISIL AA 0.35
REDUCED FACE VALUE BONDS - NON
AMORTISATION
2.56
Subros Limited ICRA A+ 2.56
GOVERNMENT BOND SOVEREIGN 1.02
STATE GOVERNMENT BOND 0.72
MISCELLANEOUS 6.06
IIERT TRUST CRISIL AA(SO) 4.60
MFL Securitisation Trust CRISIL AA(SO) 1.46
NET CURRENT ASSETS 2.91
NET ASSETS 100%
~
Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited
#
Secured by shares of Zee Entertainment Enterprises Ltd
^
Secured by shares of Emami Ltd
Date of
Inception
Current Value of
Investment if ` 10,000
was invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Regular Savings Fund - Growth
28-Mar-12
16,410 9.55% 9.52% 10.63% 9.43%
Crisil Composite Bond Fund Index (Benchmark) 16,411 9.55% 9.58% 11.01% 9.31%
Crisil 10 Year Gilt Index (Additional
Benchmark) 15,720 8.69% 8.47% 11.03% 8.97%
Axis Regular Savings Fund - Direct Plan -
Growth
07-Jan-13
15,742 10.25% - 11.62% 10.08%
Crisil Composite Bond Fund Index (Benchmark) 15,220 9.45% - 11.01% 9.31%
Crisil 10 Year Gilt Index (Additional
Benchmark) 14,283 7.97% - 11.03% 8.97%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on
` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have
different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November
2012 and he manages 43 schemes of Axis Mutual Fund. Please refer to annexure on Page 31 for performance of schemes managed by the fund manager.

19. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
DATE OF ALLOTMENT
15th July 2014
MONTHLY AVERAGE
1,864.52 Cr.
AS ON 31ST AUGUST’17
1,875.19 Cr.
BENCHMARK
Crisil Short Term
Bond Fund Index
AVERAGE MATURITY
*
2.7 years
MODIFIED DURATION
*
2.1 years
PORTFOLIO YIELD (YIELD TO MATURITY&)
7.92%
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund
since inception.
FUND MANAGER
 Corporate Bond - 69.27%
 Zero Coupon Bond - 9.51%
 Miscellaneous - 6.01%
 Total Money Market Instruments* - 5.56%
 State Government Bond - 4.96%
 Government Bond - 4.17%
 Reduced Face Value Bonds - Non Amortisation - 0.53%
 ICRA AA/ CRISIL AA/ CARE AA/ ICRA AA(SO) / CARE AA(SO) - 36.59%
 BWR A1+(SO)/ CRISIL AAA/ CARE AAA/ BWR AAA/ ICRA AAA/ CRISIL
AAA(SO) & Equivalent - 34.50%,  CRISIL AA-/ ICRA AA-/ CARE AA-/ BWR
AA-(SO) - 9.46%,  SOV - 9.12%  CRISIL AA+/ CARE AA+/ ICRA AA+/
IND AA+/ BWR AA+ - 6.14%  BWR A+(SO)/ ICRA A+ - 4.19%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
* Includes Net Current Assets
INVESTMENT OBJECTIVE: To generate stable returns by investing in debt & money market instruments across the yield curve & credit spectrum. However,
there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
AXIS FIXED INCOME OPPORTUNITIES FUND FACTSHEET
AUGUST 2017
(AN OPEN-ENDED DEBT SCHEME)
EXIT LOAD
For 30% of investment: Nil
For remaining investment: 1.5% if redeemed/switched out within 1 year, 1% if redeemed/switched out after 1 year and upto 2 years, 0.5% if
redeemed/switched out after 2 years and upto 3 years from the date of allotment (w.e.f. 14th December 2015)
PERFORMANCE (as on 31st August 2017)
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Monthly Dividend
Aug 28, 2017 0.0531 0.0492 10.2341 10.1605 0.0591 0.0548 10.1698 10.0879
July 25, 2017 0.0426 0.0394 10.2330 10.1740 0.0495 0.0458 10.1654 10.0968
Jun 27, 2017 0.0548 0.0508 10.2291 10.1531 0.0667 0.0618 10.1686 10.0762
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10.
* For instruments with put/call option, the put/call date has been taken as the maturity date.
& The yield to maturity given above is based on the portfolio of funds as on date given above. This should not be taken as an indication of the returns that
maybe generated by the fund and the securities bought by the fund may or may not be held till their respective maturities. The calculation is based on the
invested corpus of the debt portfolio.
19
RATING % OF ASSETS
TOTAL DEBT 88.43
CORPORATE BOND 69.27
Dewan Housing Finance Corporation
Limited
BWR AAA 6.25
Nirma Limited CRISIL AA 3.33
Muthoot Finance Limited CRISIL AA 3.24
Power Finance Corporation Limited CRISIL AAA 3.03
Dalmia Cement (Bharat) Limited ICRA AA 2.99
Piramal Enterprises Limited ICRA AA 2.84
Nuvoco Vistas Corporation Limited CRISIL AA 2.72
Indiabulls Housing Finance Limited BWR AAA 2.56
ECL Finance Limited ICRA AA 2.47
PVR Limited CRISIL AA- 2.41
JM Financial Products Limited CRISIL AA 2.30
Hinduja Leyland Finance Limited CARE AA- 2.26
India Infoline Finance Limited ICRA AA 2.19
Adani Transmission Limited IND AA+ 2.18
Oriental Nagpur Betul Highway Limited CRISIL AAA(SO) 2.17
Birla Corporation Limited ICRA AA 2.16
TI Financial Holdings Limited CRISIL AA 2.14
Cyquator Media Services Private Limited#
BWR A1+(SO) 2.03
JK Lakshmi Cement Limited CARE AA 1.87
LIC Housing Finance Limited CRISIL AAA 1.63
Ujjivan Small Finance Bank Limited ICRA A+ 1.60
Vodafone Mobile Services Limited CRISIL AA 1.35
Piramal Finance Limited ICRA AA 1.34
Indiabulls Housing Finance Limited ICRA AAA 1.33
Hansdeep Industries & Trading Company
Limited
CARE AA(SO) 1.26
Shriram Transport Finance Company
Limited
CRISIL AA+ 1.20
UPL Limited BWR AA+ 1.10
Bhopal Dhule Transmission Company
Limited
CRISIL AAA 1.07
Reliance Jio Infocomm Limited CRISIL AAA 1.03
Magma Fincorp Limited ICRA AA- 0.91
ICICI Bank Limited ICRA AA+ 0.82
Power Grid Corporation of India Limited CRISIL AAA 0.82
HDFC Limited CRISIL AAA 0.82
Tata Motors Limited CARE AA+ 0.57
IndoStar Capital Finance Limited CARE AA- 0.54
MAHINDRA RURAL HOUSING FINANCE IND AA+ 0.27
Edelweiss Commodities Services Limited ICRA AA 0.27
NABARD CRISIL AAA 0.09
IDFC Bank Limited ICRA AAA 0.05
Indiabulls Housing Finance Limited CARE AAA 0.05
ZERO COUPON BOND 9.51
Adani Power Limited~
BWR AA-(SO) 2.36
Amri Hospitals Limited^
BWR A+(SO) 2.05
TMF Holdings Limited CRISIL AA 1.70
SVL Limited## ICRA AA(SO) 1.52
Sprit Textile Pvt Limited BWR AA-(SO) 0.97
Cholamandalam Investment and Finance
Company Limited
ICRA AA 0.42
India Infoline Finance Limited ICRA AA 0.34
Edelweiss Commodities Services Limited CARE AA 0.15
STATE GOVERNMENT BOND SOVEREIGN 4.96
GOVERNMENT BOND SOVEREIGN 4.17
REDUCED FACE VALUE BONDS - NON
AMORTISATION
0.53
Subros Limited ICRA A+ 0.53
Miscellaneous 6.01
IIERT TRUST
CRISIL AAA
(SO)
3.20
MFL Securitisation Trust CRISIL AA(SO) 2.81
NET CURRENT ASSETS 5.56
NET ASSETS 100%
~
Secured by shares of Adani Ports & SEZ Ltd and Adani Transmission Limited
#
Secured by shares of Zee Entertainment Enterprises Ltd
##
Backed by corporate guarantee of Shriram Transport Finance Company
Limited/^
Secured by shares of Emami Ltd
Date of
Inception
Current Value of
Investment if `
10,000 was invested
on Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Fixed Income Opportunities Fund - Growth
15-Jul-14
13,290 9.51% - 9.44% 8.51%
CRISIL Short-Term Bond Fund Index
(Benchmark) 13,139 9.11% - 9.10% 8.16%
CRISIL 1 Year T-Bill (Additional Benchmark) 12,540 7.50% - 7.48% 6.24%
Axis Fixed Income Opportunities Fund - Direct
Plan - Growth
15-Jul-14
13,748 10.70% - 10.66% 9.96%
CRISIL Short-Term Bond Fund Index
(Benchmark) 13,139 9.11% - 9.10% 8.16%
CRISIL 1 Year T-Bill (Additional Benchmark) 12,540 7.50% - 7.48% 6.24%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated
on ` 10 invested at inception. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.
Different plans have different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme
since inception and he manages 43 schemes. Please refer to annexure on Page 31 for performance of schemes managed by the fund manager.
DIVIDENDS

20. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
EXIT LOAD
PORTFOLIO
% OF ASSETS
TOTAL DEBT 93.85
GOVERNMENT BOND 93.85
8.28% GOI Sovereign 28.27
6.79% GOI Sovereign 16.86
8.60% GOI Sovereign 15.93
6.79% GOI Sovereign 10.30
8.20% GOI Sovereign 6.71
7.61% GOI Sovereign 6.52
8.83% GOI Sovereign 4.57
8.40% GOI Sovereign 3.60
7.59% GOI Sovereign 1.08
NET CURRENT ASSETS 6.15
NET ASSETS 100%
DATE OF ALLOTMENT
23rd January
2012
MONTHLY AVERAGE
48.36 Cr.
AS ON 31ST AUGUST’17
48.33 Cr.
BENCHMARK
Crisil 10 Year Gilt
Index
AVERAGE MATURITY*
9.5 years
MODIFIED DURATION*
6.2 years
PORTFOLIO YIELD (YIELD TO MATURITY&)
6.80%
Mr. Devang Shah
Work experience: 11 years.
He has been managing this fund since 5th November 2012.
FUND MANAGER
 Government Bond - 93.85%,
 Total Money Market Instruments* - 6.15%
 SOV & Equivalent - 100.00%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%) InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
* Includes Net Current Assets
INVESTMENT OBJECTIVE: To generate returns similar to that of 10 year government bonds.
AXIS CONSTANT MATURITY 10 YEAR FUND
(AN OPEN-ENDED GILT SCHEME)
FACTSHEET
AUGUST 2017
NIL
PERFORMANCE (as on 31st August 2017)
DIVIDENDS
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Half Yearly Dividend
Mar 27, 2017 0.3611 0.3346 11.9797 11.4797 - - - -
Sep 26, 2016 0.1806 0.1673 11.9880 11.7380 - - - -
Mar 28, 2016 0.3611 0.3345 11.5547 11.0547 0.3611 0.3345 11.7019 11.2019
Aug 28, 2017 0.0171 0.0159 10.3062 10.2824 0.0268 0.0248 10.3290 10.2919
July 25, 2017 0.0084 0.0078 10.3402 10.3285 0.0084 0.0078 10.3402 10.3285
Regular Dividend Jan 25, 2017 0.1120 0.1540 10.2619 10.1068 0.1153 - 10.2694 10.1098
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 10. Dividends disclosed above are since the inception of the
fund. Half yearly dividend disclosed above are since the inception of the fund. Regular dividends disclosed above are for the last 3 months. * For instruments
with put/call option, the put/call date has been taken as the maturity date.& The yield to maturity given above is based on the portfolio of funds as on date
given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may or may
not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
20
Date of
Inception
Current Value of
Investment if ` 10,000
was invested on
Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Constant Maturity 10 Year Fund - Growth
23-Jan-12
15,225 7.78% 8.18% 10.43% 7.66%
Crisil 10 Year Gilt Index (Benchmark) 15,507 8.14% 8.47% 11.03% 8.97%
Axis Constant Maturity 10 Year Fund - Direct
Plan - Growth 14,594 8.44% - 10.98% 8.22%
Crisil 10 Year Gilt Index (Benchmark) 01-Jan-13 14,390 8.11% - 11.03% 8.97%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated on
` 10 invested at inception. The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. Different plans have
different expense structure. Plan of the scheme for which performance is given is indicated above. Devang Shah is managing the scheme since 5th November
2012 and he manages 43 schemes. Please refer to annexure on Page 31for performance of schemes managed by the fund manager.

21. Please refer to page no 29, 31-32, 33-34 for NAV, TER, Riskometer & Statutory Details.
PORTFOLIO
RATING % OF ASSETS
TOTAL DEBT 58.51
CORPORATE BOND 55.15
Power Finance Corporation Limited CRISIL AAA 9.16
NABARD CRISIL AAA 6.78
IDFC Bank Limited ICRA AAA 5.87
Indiabulls Housing Finance Limited BWR AAA 5.02
Dewan Housing Finance
Corporation Limited
BWR AAA 4.76
National Housing Bank CRISIL AAA 3.78
NABARD IND AAA 3.77
Piramal Finance Limited ICRA AA 3.77
Rural Electrification Corporation Limited CRISIL AAA 3.38
JM Financial Products Limited CRISIL AA 3.01
Power Grid Corporation of India Limited CRISIL AAA 1.56
ICICI Bank Limited ICRA AA+ 1.54
IndoStar Capital Finance Limited CARE AA- 1.53
Mahindra Rural Housing Finance IND AA+ 0.75
Small Industries Dev Bank of India CARE AAA 0.46
ZERO COUPON BOND 3.36
IDFC Bank Limited ICRA AAA 3.36
TOTAL MONEY MARKET
INSTRUMENTS^
39.53
BANKS 31.36
IndusInd Bank Limited CRISIL A1+ 10.89
RBL Bank Limited ICRA A1+ 8.01
HDFC Bank Limited CARE A1+ 7.28
Export Import Bank of India CRISIL A1+ 3.54
ICICI Bank Limited ICRA A1+ 0.75
IDFC Bank Limited ICRA A1+ 0.74
Kotak Mahindra Bank Limited CRISIL A1+ 0.14
OTHERS 8.16
Rural Electrification Corporation Limited CARE A1+ 5.24
Power Finance Corporation Limited CRISIL A1+ 2.22
Trapti Trading & Invest Pvt Limited ICRA A1+ 0.71
NET CURRENT ASSETS 1.96
NET ASSETS 100%
^Certificate of Deposit/Commercial
Paper
DATE OF ALLOTMENT
8th June 2012
MONTHLY AVERAGE
639.61 Cr.
AS ON 31ST AUGUST’17
666.07 Cr.
BENCHMARK
Crisil Short Term
Bond Fund Index
AVERAGE MATURITY*
333 days
MODIFIED DURATION*
297 Days
PORTFOLIO YIELD (YIELD TO MATURITY&)
6.82%
Mr. Aditya Pagaria
Work experience: 9 years.
He has been managing this fund since
13th August 2016.
FUND MANAGER
 Corporate Bond - 55.15%
 Total Money Market Instruments* -41.49%
 Zero Coupon Bond - 3.36%
 ICRA A1+/ CRISIL A1+/ CARE A1+/ CRISIL AAA/ CARE
AAA/ ICRA AAA/ BWR AAA/ IND AAA & Equivalent - 89.40%
 ICRA AA / CRISIL AA - 6.78%  ICRA AA+/ IND AA+ -
2.30%  CARE AA- - 1.53%
COMPOSITION BY ASSETS (%) COMPOSITION BY RATING (%)
InternalRateSensitivity
High
Med
Low
High Mid Low
Credit Quality
FUND STYLE
Credit Risk Rating
[ICRA] AAAmfs$
* Includes Net Current Assets
INVESTMENT OBJECTIVE: To generate stable returns by investing predominantly in debt & money market instruments issued by Banks,
Public Sector Units (PSUs) & Public Financial Institutions (PFIs).The scheme shall endeavor to generate optimum returns with low credit risk.
AXIS BANKING & PSU DEBT FUND
(AN OPEN-ENDED DEBT SCHEME)
FACTSHEET
AUGUST 2017
NIL (w.e.f. 14th July 2014)
EXIT LOAD
PERFORMANCE (as on 31st August 2017)
21
Date of
Inception
Current Value of
Investment if `
10,000 was invested
on Inception date
Since
Inception
CAGR (%)
5 Years
CAGR (%)
3 Years
CAGR (%)
1 Year
CAGR (%)
Axis Banking & PSU Debt Fund - Growth
08-Jun-12
15,459 8.68% 8.61% 8.39% 7.95%
Crisil Short Term Bond Fund Index
(Benchmark) 15,749 9.07% 9.04% 9.10% 8.16%
Crisil 1 Year T-Bill Index (Additional
Benchmark) 14,451 7.29% 7.30% 7.48% 6.24%
Axis Banking & PSU Debt Fund - Direct
Plan - Growth
01-Jan-13
14,806 8.78% - 8.58% 8.13%
Crisil Short Term Bond Fund Index
(Benchmark) 14,981 9.05% - 9.10% 8.16%
Crisil 1 Year T-Bill Index (Additional
Benchmark) 13,857 7.24% - 7.48% 6.24%
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns is calculated
on ` 1,000 invested at inception. The scheme is in existence for less than 5 years, hence performance for 5 years period is not provided. Different plans
have different expense structure. Plan of the scheme for which performance is given is indicated above. Aditya Pagaria is managing the scheme since 13th
August 2016. Aditya manages 4 schemes at Axis Mutual Fund. Please refer to annexure on Page 30-31 for performance of all schemes managed by the
fund manager.
Regular Plan Direct Plan
Options Record Date
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Dividend (` Per unit) NAV
per unit
(Cum
Dividend)
NAV
per unit
(Ex
Dividend)
Individuals/
HUF
Others
Individuals/
HUF
Others
Monthly Dividend
Aug 28, 2017 4.5167 4.1846 1,013.7146 1,007.4611 4.6367 4.2964 1,013.8827 1,007.4622
July 25, 2017 5.4413 5.0413 1,014.9948 1,007.4611 5.5400 5.1325 1,015.1322 1,007.4622
Jun 27, 2017 6.0929 5.6449 1,015.8969 1,007.4611 6.2081 5.7517 1,016.0576 1,007.4622
Please note that after the payment of dividend, the NAV falls to the extent of dividend, distribution tax and cess wherever applicable.
Past performance may or may not be sustained in future. Face Value of units is ` 1000. Dividends disclosed above are since the inception of the
fund. * For instruments with put/call option, the put/call date has been taken as the maturity date. & The yield to maturity given above is based on the portfolio of
funds as on date given above. This should not be taken as an indication of the returns that maybe generated by the fund and the securities bought by the fund may
or may not be held till their respective maturities. The calculation is based on the invested corpus of the debt portfolio.
DIVIDENDS

22. Quick Take - Equity
•
•
•
Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and
potential for revival going forward.
We remain bullish on equities from a medium to long term perspective.
Investors are suggested to have their asset allocation plan based on one’s risk appetite and future
goals in life.
Equity markets sentiment weakened in August after touching historic highs in July as global risk-off and local factors impacted markets. The Nifty Index was down 1.6
percent in the month of August, while S&P Midcap Index was marginally up by 0.98 percent.
A key event in the month was the systematic crackdown on shell companies (which have no active business operations or assets) and is perhaps one of the most tangible
offshoots of the demonetisation drive, which aimed to hit tax evasion and move India toward cashless, digital transactions that leave a paper trail. Sebi ordered stock
exchanges to effectively freeze trading in 162 companies. These companies are part of longer list of 331 suspected shell companies provided by Sebi. While this impacted
market sentiment especially in the midcap space, this is a long term positive in the overall efforts by the government to reduce corruption and black money laundering.
Headline consumer price index (CPI) for the month of July was reported at 2.36% marginally up from previous month’s reading of 1.54%. This was on account of cost of
housing, energy and clothing which rose further and food prices fell at a softer pace. While food inflation has been soft for a few months in a row now, even core inflation
had slowed sharply pointing to a broad based fall. This was accompanied by falling inflation expectations both at the household level as well as by professional
forecasters. The low inflation trajectory allowed RBI to cut policy rates by 25 bps in its review meeting on the 2nd of August. However, room for further rate cuts seems
limited.
The economy is passing through a period of sluggishness, primarily on account of implementation of the Goods and Service Tax or GST. The slowdown has been
accentuated by the fact that the economy has faced two jolts back-to-back, first demonetisation and now GST. Business sentiment remains robust however and output
should normalise once the system stabilises over next few months. Overall, July data shows a recovery from the pre-GST lows in June, but a patchy one as channels take
their time to adjust to the new system.
GDP for Q1FY18 came in at a weak 5.7% vs 6.1% last quarter. A drilldown of the GDP data shows that the economy remains private consumption driven with investment
lagging, but the discrepancy is less marked than it was in the previous quarter (when investment contracted YoY).
Manufacturing PMI bounced back to 51.2 in August supported by a rebound in output and new orders. Services PMI data for August is still awaited.
The June-to-September south-west monsoon, which was forecast to be normal this year, has so far seen a shortfall of 3%, as compared to the normal or 50-year average.
IMD classifies rainfall in the 96-104% of long period average as ‘normal’. Good rainfall is vital for sustaining rural demand, where demonetisation and now GST have
resulted in substantial channel disruption.
Foreign portfolio investors were net sellers in the month of August though CYTD equity flows have been strong at US$ 6.7 bn. Additionally, net FII inflows in debt have been
positive at US$ 26.4bn. This has helped market sentiment over the past few months. Net flows by domestic funds have also remained strong over the last several months.
As the first quarter’s earnings season kicked off, the macro and broader market context was positive with the timely implementation of GST, decent progress of monsoon,
controlled inflation and a stable currency backdrop. Positive macro factors notwithstanding, the 1QFY18 corporate results were impacted by the GST and
disappointments were driven more by margins than revenues. However, the GST reform can significantly improve the ease of doing business in India as multiple taxes
reduce and inter-state business improves. Further, we would expect 2QFY18 to be better than 1Q as GST re-stocking and an early festive season (September versus
October base) boost demand.
Equity market valuations are broadly reasonable adjusted for the cyclical low in earnings and potential for revival going forward. We remain bullish on equities from a
medium to long term perspective Investors are suggested to have their asset allocation plan based on one’s risk appetite and future goals in life.
Lower growth and lower inflation together make a strong case for a rate cut. But even as the current conditions argue for a strong monetary response, the RBI believes that
the near term outlook is clouded. As explained above it is likely that we have seen the trough of inflation. On the growth front, the impact of a rate cut on growth might be
limited – as some of the slowdown in growth is due to weak balance sheets of banks and the corporate sector. A reduction in interest rate may not spur lending activity in
such a situation.
The overall macro situation is also supported by easy liquidity and an accommodative fiscal stance. The pace of remonetization has slowed in recent months and excess
liquidity appears to be persistent. This has been supported by strong FPI flows. On the fiscal front, we have seen the central government hit 80% of its budgeted deficit
target in the first quarter itself. Several states have announced farm loan waivers which could result in fiscal expansion. GST on the other hand was off to an encouraging
start as seen by first month’s collections which were only marginally lower than the budgeted run rate for FY18 for both state government and central government put
together.
On balance therefore the RBI has opted to cut rates, but has maintained a neutral stance of policy –preferring to wait for further data to decide if rates should be further
reduced.
In the near term we expect the markets to remain range-bound. There may be tactical opportunities in long duration bonds from time to time, though from a structural
perspective it does appear that we are very close to the end of the rate cycle. At the same time easy liquidity has depressed money market yields. In such a situation
investors should consider short-term corporate bond funds, which are relatively insulated from duration risks but take advantage of the steep short term yield curve.
Quick Take - Fixed Income
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Reserve Bank of India cut the benchmark repo rate by 25 basis points to 6% in its August meeting.
From a structural perspective it appears that we are very close to the end of the rate cycle.
In the near term we expect the markets to remain range-bound.
Investor should look to invest in short-term corporate bond funds, which are relatively insulated
from duration risks but take advantage of the steep short term yield curve.10 yr G-Sec : Last 1 year
7.11%
6.53%
12.9%
Key highlights
HYBRID
OUTLOOK
SEPTEMBER 2017
22