Axis Focused 25 Fund - Relative Positioning

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Active R

etu

rns

Active Risk

Index

funds

Large cap

diversified funds

Axis Focused

25 Fund

Mid cap

funds

Sector

Funds

Axis Mutual Fund

Axis Focused 25 Fund: Positioning

Axis Mutual Fund 3

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Pure bottom-up, best-ideas approach with high

active allocation relative to the benchmark while

maintaining prudent diversification

Active high conviction

investing strategy

Risk management

embedded in the investment

process

Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets

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Concentrated focus on

sustainable businesses

• Compact yet diversified portfolio with 25 stocks

• Focused towards Higher ROE, Low Beta

• Target for companies that deliver ROE / ROCE’s over the medium to long term on a

continuous basis

• Typically avoid PSUs

• Aims for risk parameters that are reasonable by way of lower standard deviation and beta with

tight tracking error

Only for internal training purpose

Positioning

Can participate in opportunities across the spectrum

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Invests in up to 25 companies where the fund manager has high conviction

NIFTY 500 Index ( 501 stocks – Market Cap in INR crores)

Largest Market Cap Smallest Market Cap

413

200th Stock

11,04629,337 9,850609,949

Large Cap Mid Cap

Aims to primarily invest upto 90% of its equity allocation in the top 200 stocks by market capitalization*

Source: Capital line *Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. As Per SEBi/AMFI

classification of market cap buckets.. NIFTY 500 is used only for illustrative purposes only. The benchmark of the scheme is NIFTY 50.

Axis Mutual Fund

Portfolio Strategy – Designed for risk adjusted returns over market cycles

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The manager looks at 3 broad buckets while constructing the portfolio.

50-60%

Core Portfolio

Steady compounders generating reasonable returns with low volatility

Horizon: Medium term (3-5 years).

20-25%

Focus on alpha

Companies having cyclical tailwind

Horizon: 18-24 months

20-25%

Emerging themes

Generating break-out growth going forward.

Horizon : Long term 5+ years

Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets

Axis Mutual Fund

Key Portfolio Characteristics

Axis Mutual Fund 7

Source : ValueFY, ACEMF.

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Market Caps are based on SEBIAMFI guidelines on market capitalization. Past performance may or may not be sustained in the future. Stock(s) / Issuer(s)/ Top stocks with increased or decreased exposure mentioned aboveare for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation to buy/sell/ hold. The fund manager(s) may or may not choose to hold thestock mentioned, from time to time.

30th Nov 2018

Portfolio Characteristics Nov 18

No. of Stocks 25

Market Cap Mix

Large cap – 71%

Midcap – 13%

Smallcap – 2%

Top 10 stocks (% of portfolio) 61%

Matched Portfolio 32%

Stocks outside Benchmark 13 stocks (29.2%)

Top 5 stocks outside benchmark Weight

Avenue Supermarts Limited 5.9%

Pidilite Industries Limited 3.3%

Supreme Industries Limited 3.1%

Bandhan Bank Limited 3.0%

Info Edge (India) Limited 2.6%

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Past performance may or may

not be sustained in the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as

recommendation. The fund manager(s) may or may not choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before

taking any investment decision(s).

Benchmark agnostic portfolio

8Axis Mutual Fund

-13%

-4%

-4%

-3%

-2%

-1%

-1%

-1%

0%

1%

2%

3%

8%

Oil & Gas

Information Technology

Metal,Metal Products & Mining

Infrastructure & Power

Cement & Building Materials

Telecom

Agro Inputs & Chemicals

Media & Publishing

Healthcare Services

Consumer

Capital Goods, Engineering & Construction

Finance

Autos & Logistics

Sector Overweight/Underweight

Portfolio & Risk Parameters (30th Nov 18)

Top 5 sector holdings Risk parameters (3 years)

Top 10 stocksCurrent market cap split (% NAV)

Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. Past performance may or may not be sustained in

the future. Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. The fund manager(s) may or may not

choose to hold the stock mentioned, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

9Axis Mutual Fund

Performance

Axis Mutual Fund 10

SIP Performance – Nov 30, 2018

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Axis Focused 25 Fund – Growth (Inception: 29th June 2012)

SIP Investments

(Rs 10,000 monthly SIP invested on the 1st business

day of the month)

Since Inception SIP 5 Year SIP 3 Year SIP 1 Year SIP

Total Amount Invested 770,000 600,000 360,000 120,000

Market value as on November 30, 2018 1,276,649 868,434 446,407 120,157

Returns (Annualised) % 15.57% 14.78% 14.50% 0.24%

Benchmark Returns (Annualised) % 12.09% 11.14% 12.41% 4.52%

Additional Benchmark Returns (Annualised) % 12.91% 11.57% 11.43% 0.42%

Past performance may or may not be sustained in future.

To illustrate the advantage of SIP investments, this is how your investment would have grown if you had invested say Rs. 10,000 systematically on the first business day of every month over a period of time.

Calculations are based on Growth Option NAV. Since inception returns are calculated at Rs. 10 invested at inception. Different plans have different expense structure. Plan of the scheme for which performance is

given is indicated above. Returns greater than 1 year period are compounded annualized.

SIP returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Benchmark: Nifty 50. Additional Benchmark: S&P BSE 200. Inception Date: Jun 29, 2012.

Jinesh Gopani is managing the fund since 7th June , 2016 and he manages 5 schemes at Axis. Mutual Fund. Please refer to the Annexure for returns of all the schemes managed by the fund manager .

Axis Mutual Fund

^ An open ended equity linked savings scheme with a 3 year lock-in.

@@The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years. @The performance data for 3 years period has not been provided for

scheme/plan not in existence for 3 years. The above data excludes performance of all schemes which have not completed a year. Data as on 30th November 2018. Past performance may or may not be

sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on `10/- invested at inception. Different plans have different expense structure. Plan of the scheme for

which performance is given is indicated above. Jinesh Gopani is managing Axis Long Term Equity Fund since 1st April 2011, Axis Focused 25 Fund since 7th June 2016, Axis Emerging Opportunities Series 1 and

Series 2 and Axis Growth Opportunities Fund since inception.

Annexure

12Axis Mutual Fund

Product Labelling

Fund Name Riskometer Product Labelling

Axis Focused 25 Fund(An open ended equity scheme investing in

maximum 25 stocks investing in large cap, mid cap

and small cap companies.)

This product is suitable for investors who are seeking*

• Capital appreciation over long term

• Investment in a concentrated portfolio of equity &

equity related instruments of up to 25 companies

Axis Long Term Equity Fund(An open ended equity linked saving scheme with a

statutory lock in of 3 years and tax benefit)

This product is suitable for investors who are seeking*

• Capital appreciation & generating income over long

term

• Investment in a diversified portfolio predominantly

consisting of equity and equity related instruments.

This product is suitable for investors who are seeking*

• Capital appreciation over long term

• Investment in a diversified portfolio of equity and

equity related instruments of midcap companies

Axis Emerging Opportunities Fund –

Series I (1400 Days)(A Close ended equity fund)

13Axis Mutual Fund

Statutory Details and Risk Factors

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Data updated as on 30th Nov 2018.

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.

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.

Scheme specific risk factors: Apart from the risks associated with domestic investments, the scheme may invest in overseas markets

which carry risks related to fluctuations in the foreign exchange rates, the nature of the securities market of the country, repatriation of

capital due to exchange controls and political circumstances. Investors are requested to consult their financial, tax and other advisors

before taking any investment decision(s). The material should not be construed as issued by Government of India or any of its

authority. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Thank you