Live your

money to AXIS
FIXED INCOME
the fullest OPPORTUNITIES FUND
AN OPEN-ENDED DEBT SCHEME
October 2017

About the Fund Performance (NAV Movement)

31 October 2017
Axis Fixed Income Opportunities Fund - Growth
Positioned in the CRISIL Short Term Bond Fund Index (Benchmark)
` 13,398
short-term space
` 13,235

Controlled risk 15 July 2014

by maintaining duration
within 3 years `10,000
Current Value of Since
Investment if Inception 5 years 3 years 1 year
` 10,000 was (15 July
2014)
Stable invested on
inception date (CAGR) % (CAGR) % (CAGR) % (CAGR) %
returns with
Axis Fixed Income Opportunities Fund - Growth 13,398 9.27% - 8.90% 7.68%
High Accrual CRISIL Short-Term Bond Fund Index (Benchmark) 13,235 8.87% - 8.68% 7.28%
Crisil 1 yr Tbill Index (Additional Benchmark) 12,659 7.41% - 7.30% 5.92%
Diversified 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 scheme is in existence for less than 5 years, hence performance for 5 year period is not provided. Different plans have different expense structure. Plan of the scheme for
across which performance is given is indicated above. Devang Shah is managing the scheme since inception and he manages 43 schemes.

ratings and
Risk Management
sectors
Risk Risk Management
Portfolio Characteristics
Controlled through diversification and stringent review of investable sectors;
Sector
Average Maturity Modified Duration Regulatory limits on sector exposure

Focus on high quality issuers

Credit

2.8 years
2.1 years Diversification
Investment Universe based on credit research
Exposure to each issuer limited by its rating
Tight position limits

Yield to Maturity * Investment Horizon Duration Strictly adhere to duration limits specified in offer documents & investment policy

8.07 6 months Liquidity

Liquidity/impact cost part of security selection/portfolio construction Optimize balance of
credit quality, returns and liquidity
% or
more Rating Allocation
*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 may be generated by the fund and the
securities bought by the fund may or may not be held till their respective maturities. The
Rating Sep-16 Oct-17
calculations are based on the invested corpus.
Sovereign/ AAA & equivalent$ 70.6% 43.4%
Current strategy AA+/- 27.2% 49.6%
The fund is positioned to benefit from its core A+/- 2.3% 7.0%
allocation in short term corporate bonds i.e. in
the 2-3 year space while monitoring risk by $AAA & Equivalent includes AAA/A1+-rated papers.
controlling the overall portfolio duration. The
current duration of the fund is 2.1 years. Investing facts
The focus of the fund is to capture the
compression in the 2-4 year corporate bonds Options Inception Date Minimum Application Fund Manager
and also have a higher accrual.
Devang Shah
Given our market view on limited rate cuts , Growth & July 15 Lumpsum Work experience: 11 years
improving corporate profitability and looking at
a favourable risk reward perspective the fund
has shifted from duration and AAA corporate
Dividend
(Weekly & Monthly)
2014
` 5000
multiples of ` 1
He has been managing this fund since
inception.
bonds to a majority allocation in lower rated
Entry Load : NA
corporate bonds (below AAA rating). Exit Load : If redeemed / switched-out within 12 months from the date of allotment :-
The portfolio stance is expected to benefit from For 10% of investment: Nil
the compression in spreads in the short to For remaining investment: 1%
medium term segment of the curve. If redeemed/switched out after 12 months from the date of allotment: Nil
(w.e.f November 10th, 2017)
Note: Portfolio allocation, maturity & duration is based on the current market conditions and is subject to changes depending on the fund managers view of the markets.
 Top 3 & Bottom 3 schemes managed by Devang Shah (Total schemes managed 43 schemes) (As on October 31, 2017)
Current Value of Since
Investment if Inception 5 years@@ 3 years@ 1 year
Date of
` 10,000 was
Inception invested on
CAGR (%) CAGR (%) CAGR (%) CAGR (%)
inception date
DEVANG SHAH (Total schemes managed: 43)
Axis Fixed Income Opportunities Fund - Growth 15/Jul/14 13,398 9.27% - 8.90% 7.68%
CRISIL Short-Term Bond Fund Index (Benchmark) 13,235 8.87% - 8.68% 7.28%
CRISIL 1 yr Tbill Index (Additional Benchmark) 12,659 7.41% - 7.30% 5.92%
Top 3 schemes
Axis Hybrid Fund - Series 14 - Growth# 2/Sep/14 12,309 6.79% - 6.36% 14.64%
CRISIL MIP Blended Fund Index (Benchmark) 13,599 10.20% - 9.68% 9.02%
CRISIL 1 yr Tbill Index (Additional Benchmark) 12,532 7.39% - 7.30% 5.92%
Axis Hybrid Fund - Series 15 - Growth# 17/Sep/14 12,195 6.56% - 6.19% 14.46%
CRISIL MIP Blended Fund Index (Benchmark) 13,568 10.26% - 9.68% 9.02%
CRISIL 1 yr Tbill Index (Additional Benchmark) 12,489 7.38% - 7.30% 5.92%
Axis Hybrid Fund - Series 13 - Growth# 18/Jun/14 12,672 7.27% - 4.83% 13.84%
CRISIL MIP Blended Fund Index (Benchmark) 13,900 10.26% - 9.68% 9.02%
CRISIL 1 yr Tbill Index (Additional Benchmark) 12,727 7.41% - 7.30% 5.92%
Bottom 3 schemes
Axis Hybrid Fund - Series 5 - Growth# 25/Jul/13 12,733 5.82% - 0.51% -2.17%
CRISIL MIP Blended Fund Index (Benchmark) 15,533 10.86% - 9.68% 9.02%
CRISIL 1 Year T-Bill Index (Additional Benchmark) 13,702 7.65% - 7.30% 5.92%
Axis Gold ETF 10/Nov/10 12,863 3.67% -2.96% 2.03% -7.16%
Domestic Price of Gold 13,264 4.13% -2.35% 4.64% -2.44%
Additional Benchmark - - - - -
Axis Gold Fund 20/Oct/11 9,270 -1.25% -4.32% 0.07% -11.54%
Domestic Price of Gold 10,194 0.32% -2.35% 4.64% -2.44%
Additional Benchmark - - - - -

Only for distributors/advisors and their clients

#Scheme Performance may not be strictly comparable with that of its additional benchmark in view of hybrid nature of the scheme.
@The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.
@@The performance data for 5 years period has not been provided for scheme/plan not in existence for 5 years.
Data as on October 31, 2017.
Past performance may or may not be sustained in future. Calculations are based on Growth Option NAV. Since inception returns are calculated on Rs. 2026.8384/- for Gold ETF & Rs. 10/- for all other schemes. Different plans have different
expense structure. Plan of the scheme for which performance is given is indicated above.
The above data excludes performance of Fixed Maturity Plans and all the schemes which have not completed a year. Top 3 and Bottom 3 schemes (based on 1 year performance) managed by Devang Shah has been provided herein.
Devang Shah is managing Axis Liquid Fund, Axis Dynamic Bond Fund, Axis Constant Maturity 10 Year Fund , Axis Regular Savings Fund and Axis Short Term Fund and all Axis Hybrid Funds since 5th November 2012 (since inception date for Axis
Hybrid Funds launched after 5th November, 2012), Axis Fixed Income Opportunities Fund and Axis Enhanced Arbitrage Fund since inception and Axis Treasury Advantage Fund and Axis Income Saver (Debt portion), Axis Gold Fund, Axis Gold ETF ,
all Axis Fixed Term Plans since 7th June, 2016 (since inception date for Axis Fixed Term Plans launched after 7th June, 2016) and Axis Corporate Debt Opportunities Fund since July 13th, 2017.
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset
Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Riskometer Distributed by
Axis Fixed Income Opportunities
ely Moderate Mod
Fund (an open-ended debt scheme) rat
de ow
e
Hig rate
This product is suitable for investors who are seeking*:
o
M L h ly
Stable returns in the short to medium term
High
Low

Investment in debt and money market instruments

across the yield curve and credit spectrum
*Investors should consult their financial advisers if in doubt LOW HIGH
about whether the product is suitable for them. Investors understand that their principal will be
at moderate risk