Axis Equity Hybrid Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments)

This product is suitable for investors who are seeking*:

Capital appreciation along with generation of income

over medium to long term

Investment in equity and equity related instruments as

well as debt and money market instruments

*Investors should consult their financial advisers if in

doubt about whether the product is suitable for them.

NFO period:

20th July, 2018 to 3rd August, 2018

Best way is driving at moderate/economy speed with

controlled use of throttle

What gives best mileage

in a two wheeler

vehicle?

Commuter motorcycles usually come with an economy

indicator or a „green zone‟ painted on speedometer to display

sweet spot

2

Making the ride frugal!

MODERATE SPEED

Consumes less fuel

Offers optimum grunt

LESS THROTTLE MAXIMUM MILEAGE

Increases fuel efficiency

Reduces load on engine

Gives better control on the vehicle

3

Making the ride frugal!

EQUITY

Opportunity to capture growth

Potential of higher returns

FIXED INCOME RISK ADJUSTED RETURNS

Potential of higher return with relatively

lesser risk

Stability by being less volatile

Regular income generation

Minimum -2.2 2.4 1.4

Maximum 59.0 12.5 40.8

Average 17.6 6.8 14.7

Std Deviation 14.7 2.3 9.1

3 year performance (Rolling return - Apr 02 – May 18)

Risk Adjusted Return: 70% Equity + 30% Debt with monthly rebalancing. Equity: Nifty 50 TRI Index, Fixed Income: Crisil Composite Bond Fund Index; Data period: April 2002 – 31st May 2018. Source:

MFI, Axis Internal Analysis. Past performance may or may not be sustained in future. For illustration & explanation purpose only. Does not reflect performance of any scheme. All numbers are

annualized. 4

Different Reactions Every asset has its unique benefit in a portfolio to achieve a common goal

RECESSION:

Low growth, low inflation, falling interest rates Underperform Outperform Neutral

RECOVERY:

Medium growth, stable inflation, stable interest rates Outperform Neutral Neutral

GROWTH:

High growth, stable inflation, stable to rising interest rates Outperform Neutral Neutral

OVERHEATING:

High growth, rising inflation, rising interest rates Neutral Underperform Neutral

EQUITY DEBT CASH 5

DIVERSIFIES AND

REDUCES RISK

TAILORED TO YOUR

RISK PROFILE

BETTER TAX

EFFICIENCY

OFFERS STABLE

RETURNS OVER THE

MEDIUM TERM

Solution: Asset Allocation Appropriate asset allocation gives confidence though ups and downs of the market

Key ingredient of successful investing

6

7

NORMAL INVESTOR SMART INVESTOR

MARKET TIMING Tends to react to every market movement,

thus highly exposed to uncertainty

Investment linked to the risk profile and not

current market levels

CHASING THE HOTTEST

TREND

Continuous portfolio churn restricts the

portfolio from long term benefits

Steady Allocation over time

CYCLES OF GREED AND

FEAR

Irrational investment decision Asset allocation allows investors to “Buy

low-Sell high”

Smart choice! Asset allocation helps avoid market traps

Lower correlation

among asset classes Periodic Rebalancing

Reasonable downside

protection

Benefit from active

management

How does Asset

Allocation work to

benefit portfolios?

8

9

Equity: Nifty 50 Index, Debt: Crisil Composite Bond Fund Index; MFI, Axis Internal Analysis. Past performance may or may not be sustained in future. For illustration & explanation purpose only. Does not reflect performance of any scheme.

Lesser the correlation among assets, lower the risk Lower correlation among assets improves diversification gains

Not all asset class will move in same direction at all

times.

If correlation is higher, sensitivity to market

movement rises. This can add to overall risk.

Lower correlation acts as hedge against each other and

hence reduces risk and optimizes return

DEBT EQUITY

Returns (CAGR)

Bull market

(2004 - 07) 2.4% 48.6%

Bear market

(2008 - 09) 18.6% -50.3%

10

Equity: Nifty 50 Index, Debt: Crisil Composite Bond Fund Index; MFI, Axis Internal Analysis. ^Effective risk: Standard deviation based on daily returns for the investment period. Investment Period: (Apr 02 – May 18). Effective allocation is the allocation at the end of the period (May 18)

Diminish the tendency for “portfolio drift,” and thus potentially reduce their exposure to risk relative to their target asset allocation

Lowers overall risk and optimizes returns relative to target allocation

Rebalancing within the fund makes it cost & tax efficient for investors as compared to investors doing it at their end

Allocation at the

start of investment

Effective

allocation Effective Risk^

WITH

REBALANCING

70 Equity + 30 Debt

70 Equity + 30 Debt

13%

WITHOUT

REBALANCING

70 Equity + 30 Debt

90 Equity + 10 Debt

16%

Rebalancing benefit Effective risk management technique

SIMPLE INFOGRAPHIC SLIDE Downside protection through diversification Downside protection aim to reduce the frequency and/or magnitude of capital losses, resulting from significant asset market declines

Aims to limit the impact of potential losses from market downturns

If the markets fall by Increase needed to

recover

-10% 11%

-15% 18%

-20% 25%

-50% 100%

-80% 400%

Higher the fall, larger is the increase required to recover

-60%

-50%

-40%

-30%

-20%

-10%

0%

Apr-02 Apr-04 Apr-06 Apr-08 Apr-10 Apr-12 Apr-14 Apr-16 Apr-18

Equity

Fixed Income

Fixed Income: CRISIL Composite Bond Fund Index, Equity : Nifty 50 Index. Drawdown is the peak-to-trough decline during a specific recorded period of an investment. Past performance may or may not be sustained in future. Drawdown is the percentage between the peak and the subsequent trough.

11

12

Debt: CRISIL Composite Bond Fund Index, Equity : Nifty 50 Index TRI. Source: Axis Internal Analysis, CRISL, MFI. Past performance may or may not be sustained in future. For illustration & explanation purpose only. Does not reflect performance of any scheme. All returns are compounded annualized (CAGR)

3 YEARS 5 YEARS 10 YEARS

Index based static allocation portfolio

(70% Equity + 30% Debt) 7.8 12.3 9.3

CRISIL - AMFI Balance Fund

Performance Index 9.0 16.1 12.5

Benefit from active management Fund manager adds value through active management within the asset class

Research based investing with fundamental approach contributes to alpha generation in overall portfolio

Fixed Income Funds

Conservative Hybrid

Equity Savings Funds

Dynamic Equity Allocation Funds

Axis Equity Hybrid Fund

Equity Funds

13

Indicative positioning on risk return estimates from strategy based indices. For illustrative purposes only

Introducing Axis Equity Hybrid Fund Product Positioning : Balanced Approach to Investing

14

Please refer the Scheme Information Document for detailed description on asset allocation and investment strategy

Scheme Proposition An open ended hybrid scheme investing predominantly in equity and equity related instruments

Equity Allocation

65-80%

Debt Allocation

20-35%

Best of Both Worlds

Equity component will

follow a multi-cap bottom

up best ideas strategy

Debt component will follow

a tactical approach across

sovereign bonds and

corporate bonds

Risk return tradeoff is likely to be favorable over the

medium term

Good ideas can do better irrespective of its

sector/theme/size

Focus on fast growing sectors with bottom up stock

picking approach

Equity

Investment Approach

Large cap bias with up to 30% in midcaps*

*Investment focus is based on current market outlook and is subject to fund manager

discretion. Investors are advised to refer SID for investment strategy of the scheme

EQUITY

15

8879.6

Indian economy entering a productive growth phase

We are positive on consumption with focus on urbanization with rural overlay; government reforms is expected to push growth

We see initial signs of capex revival, but full fledged investment-led growth is a while away

Accelerated growth in earnings is essential for valuation premium to sustain and increase

We continue to expect elevated volatility levels

Equity allocations should be looked at from a medium to long term perspective.

16

Current equity market view Summary

Discretionary Consumption

• Focus on companies with high

brand recall and niche product

portfolios.

• Also target companies benefiting

from the un-organized to organized

shift

Rural

• Capture the opportunity for

consumer spending on account of

government policies aimed at

enhancing rural livelihoods

• Improving trend in rural wage

growth is directly encouraging for

rural consumption & indirectly for

aggregate demand and for the

investment cycle

Retail Finance

• Improving financialisation and rural

penetration is likely to benefit retail

focused banks and NBFC`s

• Positive on B2C as compared to

B2B for the last several quarters

due to their underlying fundamental

strengths and significant market

opportunities

Export led sectors

• Provide hedge against depreciating

rupee

• Reasonable diversification to the

portfolio

Key investment themes Focus on urbanization with rural overlay; selective at cyclical and export led stories

17

The portfolio duration and credit exposures will be

decided based on a thorough research

Flexibility to invest in the entire range of debt

instruments across credit/duration spectrum

Active duration management

Debt

Investment Approach

Invest in best ideas

*Investment focus is based on current market outlook and is subject to fund manager

discretion. Investors are advised to refer SID for investment strategy of the scheme

DEBT

18

19

Source: Axis AMC Internal Analysis. Non- Government Securities include all securities that are not issued by government including CDs, CPs, Corporate Bonds, ZCBs, etc. This does not indicate any proposed allocation or future performance of Axis Equity Hybrid Fund.

Illustrative asset mix of actively managed fund Favourable credit cycle let us capture the

widened corporate bond spreads

Mid 2012

01

Favourable credit environment backed by improved

corporate profitability led us to shift to lower rated

corporate bonds from G-Sec and reduced maturity

Early 2016

03

Turnaround of credit cycle, slowing inflation and

improving macros led us to increase our portfolio

level duration predominantly via G-Sec exposure

Early 2014

02

Illustration of active management Judious asset mix : Two key risks to be managed: Interest rate risk and credit risk

8879.6

Markets seem to have priced in 50 basis rate hikes till March 2019

We do not expect any significant rally due to fiscal worries and weak demand supply dynamics

On a risk reward basis, the short end of the curve remains attractive as compared to long end of the curve

Short term corporate bonds offer lucrative opportunities with elevated yields and lower volatility

20

Current fixed income market view Summary

Improved credit ratio : 1402 upgrades and 839 downgrades in fiscal 2018

Reason for improvement:

Better financial indicators as corporates kept away from capital expenditure given the output gap – or substantial headroom in capacity utilisation – in many sectors

Source: CRISIL, Bloomberg. Data as on 25th May 2018

Credit ratio 3 year AA spreads over G-Sec

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

FY 13 Fy 14 FY 15 FY 16 FY 17 FY 18

0.5

0.7

0.9

1.1

1.3

1.5

1.7

1.9

May-15 May-16 May-17 May-18

21

Our focus: Improved corporate profitability Offering better spreads on lower rated bonds

22

£ Erstwhile Axis Income Saver Fund. ^Based on asset allocation in SID. Data as on 30th June 2018. ^Volatility is the standard deviation based on daily returns for last 1 year.

AXIS

REGULAR

SAVER

FUND£

AXIS TRIPLE

ADVANTAGE

FUND

AXIS

EQUITY

SAVER

FUND

AXIS

DYNAMIC

EQUITY

FUND

AXIS EQUITY

HYBRID

FUND

Category Conservative

Hybrid Fund

Multi Asset

Allocation

Equity

Savings

Dynamic

Asset

Allocation

Aggressive

Hybrid Fund

Equity Allocation Static Static Static Dynamic Static

Current Equity

Allocation

24% 76% 42% 48% (65-80%)^

Volatility^

(1 year)

3.5% 5.5% 4.8% 5.3% -

Axis approach not only focuses on

potential growth but also aims to

protect downside

Our multi-asset product suite An Aggressive Hybrid Fund, complementing the Axis Product Bouquet

23

Stocks: Nifty 50 TRI Index, Bonds: Crisil Composite Bond Fund Index;. Source: Axis Internal Analysis. Past performance may or may not be sustained in future. Index values are normalized to 100.

Simulated index performance with risk measures Asset allocation targets risk adjusted returns

STOCKS BONDS 70% STOCKS +

30% BONDS

Return 16.5% 6.9% 14.2%

Risk 18.5% 2.1% 13.0%

24

Features at a Glance

CRISIL Hybrid 35+65 - Aggressive

Index*

BENCHMARK TYPE

An open ended hybrid scheme

investing predominantly in equity

and equity related instruments

NAME

Axis Equity Hybrid Fund

Rs. 5,000 and in multiples of Re.

1/- thereafter

Minimum Additional Purchase

Amount of Rs.100 and in multiples

of Re. 1/- thereafter

MINIMUM APPLICATION AMOUNT EXIT LOAD

If redeemed/switched out on or before

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

FUND MANAGER

Shreyash Devalkar & Ashish Naik

(Equity), R Sivakumar (Debt)

* Erstwhile called as CRISIL Balanced Fund Index

Special Feature : Automatic Encashment Plan

25

Past performance may or may not be sustained in future. Please refer to SID for detailed information on the above feature. *Tax paid is calculated @15% if redeemed before 1 year & @10% if redeemed after 1 year as the invested fund is assumed to be an equity fund Tax is calculated excluding cess and surcharge # Dividend distribution tax calculation for illustration purpose only, had the client withdrawn using a dividend option instead of AEP option ^ Dividend distribution tax is considered @11.648%, the rate applicable for individuals in an equity fund. Benefit of Indexation is not considered for calculation of capital gains amount in the above example. Dividend distribution tax calculation for illustration purpose only. The tax calculation assumes payout of the amount as dividend by Schemes. Declaration of dividend is subject to discretion of Trustee. As such there cannot be any assurance given on rate of dividend or on frequency for declaration of dividend. The information set out above is included for general information purpose only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant. Please consult your legal /tax advisor before making an investment

Illustration:

Investment Amount 10 lacs

Monthly Automatic Encashment Rs 7000

Tenor 24 months

XIRR (assumed) 6.5%

Total Withdrawal 1,68,000

*Total Capital Gains Tax Paid Rs 1,800

DIVIDEND OPTION AEP FACILITY

Amount of dividend is at fund manager‟s

discretion

Amount of monthly cashflow is pre decided

by the investor

Flexibility of dividend declaration is with fund

manager

Pre defined frequency of monthly withdrawal

Taxed at 10% (DDT) Capital gain tax proportionate to the amount

of withdrawal

This feature aims to provide a tax efficient

option for regular income

WHAT is AEP?

Investors can redeem a fixed percentage of

the investment value on a monthly basis

HOW does it work?

Investors looking for regular cash flow can

consider Automatic Encashment Plan as an

added feature under the scheme

WHY choose this option?

Market Update

26

GDP (%) Fiscal deficit (% GDP)

Forex reserves (US$m) Current account deficit (% GDP)

Source: Bloomberg, IMF (International Monetary Fund), Axis AMC Internal Analysis. Data as on 25th May 2018.

27

0

1

2

3

4

5

6

7

2009 2012 2015 2018

210,000

260,000

310,000

360,000

410,000

460,000

2009 2012 2015 2018-6

-5

-4

-3

-2

-1

0

2009 2011 2013 2015 2017

Indian economy entering a productive growth phase

6.7

8.6

8.9

6.7

5.5

6.4

7.4

8.2

7.1 6.5

7.4

5.0

6.0

7.0

8.0

9.0

10.0

2009 2011 2013 2015 2017

IMF

Forecast

Source: PMJDY, UIDAI, Company data, TRAI, IDC, NPCI, Morgan Stanley Research,

0

50

100

150

200

250

300

350

FY14 FY15 FY16 FY17 FY18 YTD

Mn of Bank A/cs opened under PMJDY

0%10%20%30%40%50%60%70%80%90%100%

0

200

400

600

800

1000

1200

1400

2010 2012 2014 2016

Aadhaar Assigned (mn) Aadhaar penetration

-

100

200

300

400

500

FY13 FY14 FY15 FY16 FY17 FY18 YTD

Total Data Subscribers (mn)

0

50

100

150

200

250

Aug-16 Nov-16 Feb-17 May-17 Aug-17 Nov-17 Feb-18

UPI Transactions Amount (Rs bn)

Government initiatives on inclusion, digitisation path breaking “JAM” trinity can transform the lifestyles of common citizens

28

Demand is making a comeback; synchronous recovery of consumption and exports should help lift capacity utilization

Source: Morgan Stanley. Data as on 30th June 2018

We are seeing initial signs of capex revival

29

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

Dec-08 Jun-10 Dec-11 Jun-13 Dec-14 Jun-16 Dec-17

Order Book, Quarterly Order Inflows, Trailing 4-Quarter sum

74%

76%

72%

75%

79%

82%

FY13 FY14E FY15 FY16E FY18 FY19E

Recovery in capex cycle evident in order books Improvement in Capacity Utilisation

Urbanization with rural overlay supported by government reforms is expected to push growth

Source: Morgan Stanley. IBEF Data as on 30th June 2018

Consumption indicators are strong, with improved exports growth

30

Vehicle production in India („000 units) 2W/CW Sales - Robust

4,010

895

24,169

10,000

2,350

30,231

Passenger Vehicles Commercial Vehicles 2&3 Wheelers

FY 18 FY 21E-21%

-11%

-1%

9%

19%

29%

39%

May-12 May-14 May-16 May-18

YoY%

YoY% 3MMA

Two Wheeler Sales

-25%

-15%

-5%

5%

15%

25%

May-12 May-14 May-16 May-18

YoY%

YoY% 3MMA

Passenger Car Sales

Corporate sector is at the cusp of a significant earnings recovery in the coming quarters

Source: Bloomberg, CLSA, CL – CLSA estimate. Data as on 31st May 2018

Earnings growth is likely to stabilise post recent disruptions

7%

10%

3%

-4%

8%

14%

21%

-10%

-5%

0%

5%

10%

15%

20%

25%

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18CL FY 19CL

Nifty Earnings Growth

31

Nifty Forward P/E

10

12

14

16

18

20

22

24

Jun-09 Jun-11 Jun-13 Jun-15 Jun-17

Market is moving back to fundamentals versus hope

Source: Bloomberg. Data as on 30th June 2018

Market outperformance has narrowed to only few performing stocks & sectors

32

Return Range CY 2017 YTD 18

No of stocks

Less than -10% 25 326

Between -10% and 0% 17 70

Up to 10% 35 48

Above 10% 403 57

Prefer large caps in the current scheme of things

Source: Morgan Stanley. Data as on 2nd July 2018

Interest in mid and small caps has waned in last few months

33

0.0

4.8

12.3

-2.6

-4.9

2.4

-7.3

-10.0

-2.4

1 month 3 month 1 year

NIFTY 50 Index NIFTY Midcap 100 Index NIFTY Smallcap 100 Index

Source: Motilal Oswal, Axis AMC Analysis Past performance may or may not be sustained in future. Data as on 31st Dec 2017

Very few companies are able to sustain long term growth

Of the 613 companies, listed for 20 years from 1997 to 2017, only 87 companies had Price CAGR > 25%. Likewise, only 89 companies managed

Profit CAGR > 25%

Price CAGR No of

companies

% of total

<= 0% 41 7%

0 – 15% 292 48%

15 – 25% 193 31%

25 – 35% 70 11%

> 35% 17 3%

Total 613 100%

Profit CAGR No of

companies

% of total

<= 0% 167 27%

0 – 15% 243 40%

15 – 25% 114 19%

25 – 35% 32 5%

> 35% 57 9%

Total 613 100%

34

OUR

APPROACH

Axis is a bottom-up investor that focuses on

fundamental research driven investing

Our philosophy is focused on identifying quality

companies that have a sustainable medium to

long term growth potential run by capable

managements

AMELIA PEARCY

Designer

EQUITY KEY PILLARS OF OUR INVESTMENT

APPROACH

Growth

biased –

focusing on

sustainable

growth

Look for

quality

businesses

Aim to

deliver

superior risk

adjusted

returns

High

conviction

investors

35

Source: Axis

What do we mean by quality businesses?

Bottom-Up approach with 2-3 year view looking for

Strong business

model, which

demonstrates its

pricing power in the

product category

and the business it

is in, and ultimately

Good ROE’s

and cash flows

Secular growth

rate of the sector,

which is anywhere

around 1.5 to 2x of

GDP;

Strong

corporate

governance/Stro

ng promoter

pedigree

36

Identifying Quality Companies

37

Quantitative Factors

• Strong Return Metrics

• Stable Cash Flow

• High profitability, low debt-to-equity and earnings consistency

Qualitative Factors

• Strong management pedigree

• Transparency of operations for investors and key stakeholders

• Credible oversight committees & strong internal controls

• Sustainable long term business model

-

100.00

200.00

300.00

400.00

500.00

600.00

Mar-08 Mar-10 Mar-12 Mar-14 Mar-16 Mar-18

Quality Beats The Broader Market

S&P BSE Sensex (TR) S&P BSE 100 (TR)

S&P BSE 500 (TR) S&P BSE Quality Index (TR)

S&P BSE Quality (TR)

19.21%

S&P BSE 500 (TR)

10.21%

S&P BSE 100 (TR)

9.76%

S&P BSE Sensex (TR)

9.33%

Source: Asia Index Private Limited. Data as on 31st March 2018. Past performance may or may not be sustained in the future. All returns are calculated on a compound annual growth rate basis and on total return values which incorporate effects of corporate actions in the underlying constituents. All values normalized to 100

Quality stocks are consistent outperformers

Source: Bloomberg, Axis AMC Internal Research. Data for the period 31st March 2013 to 31st March 2018. Past performance may or may not be sustained in the future. Stocks mentioned may or may not be part of schemes of Axis Mutual Funds. Refer disclaimers at the end of the document. The stocks mentioned should not be construed as recommendations by Axis Asset Management Company or Axis Mutual Fund. The data provided above is solely for illustration purposes only

• High ROE Company Performance

Company ROE % 5 Yr CAGR

Page Industries 54.58 44.45

Maruti Suzuki 15.03 44.35

Bajaj Finance 17.80 42.97

Motherson Sumi Systems 28.06 41.22

Shree Cement 18.57 31.33

HDFC Bank 19.82 23.73

Asian Paints 31.40 20.03

TCS 37.77 16.21

• Low ROE Company Performance

Company ROE % 5 Yr CAGR

DLF 1.60 -1.08

Tata Power Co. 1.98 -1.18

Bharti Airtel 6.29 7.96

Bank of Baroda 6.36 3.23

BHEL 7.68 -5.73

NHPC Ltd 7.98 11.74

State Bank Of India 8.85 5.24

Oil & Natural Gas Corporation 14.56 0.72

38

Yearly returns between 1980-2017

Source: MFI, Data from Dec'80 - Dec'17, Returns are compounded annualized. Data based on yearly rolling of S&P BSE Sensex Index. Past performance may or may not be sustained in future.

Corrections have never been permanent

39

Less than -20% annual returns

Years following the worst

1997

2010

1994

1989

2004

1986 2013 2017

1996 1984 1992 1981 1985

2000 2015 1983 1990 1988 1991

1995 1987 1982 2014 2007 2009

2011 1998 2002 1993 2006 2003

2008 2001 2016 2012 2005 1999

-20 and less -20 to 0 0 to 20 20 to 40 40 to 60 60+

Rolling returns of Sensex (1980 - 2017)

Source: MFI, Data from Dec'80 - Dec'17, Returns are compounded annualized. Data based on yearly rolling of S&P BSE Sensex Index. Past performance may or may not be sustained in future.

Markets have rewarded long term investors

40

Product Label, Statutory Details and Risk Factors

41

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

Thank You