Crosses `100 Crores* BOI AXA SHORT TERM INCOME FUND

.

AVERAGE MATURITY AND MODIFIED DURATION The fund is currently maintaining a Modified Duration of 0.56 and an Average Maturity of 0.90 years (as of March 31, ‘16) Hence, the fund is well positioned to take advantage of the middle segment of the yield curve where we see maximum value Why invest ASSET QUALITY in BOI AXA The fund is maintaining a judicious mix between Corporate Bonds, Money Market instruments and Government Securities This enables the fund to earn accrual income from its Corporate Bonds while also benefiting from tactical trading Short Term opportunities through G-Secs Income CREDIT QUALITY The fund is currently is 83.31% invested in G-Secs, AAA and A1+ rated instruments Fund? It is also ~2.33% invested in Unrated instruments in order to enhance the portfolio yield The fund’s portfolio yield is currently at 9.66% (as of March 31, ‘16)

Refer Pg. No.3 for Product Labelling *As on 06/04/2016 Facts in Figures Monthly fund analysis and market reviews March 2016 Fund Manager’s Views

The last repo rate cut by RBI appears to be one of last few rate cuts in this interest rate easing cycle. A further rate cut from here has to be driven by fall in inflation more than anything else. To explain it better, RBI has forecasted CPI inflation to be around 5% for this financial year. At the same time RBI intends to Alok Singh maintain a real positive interest rate of 1.5%-2%. Now, Head – in this scenario, if repo rate is around 6.5% and the 1 year T-bill rate at ~6.90% is the reference rate for real Investments rate calculation, then with inflation at 5%, the real positive spread is within the range stipulated by RBI.

Going forward, less favorable base effect, poor monsoon and any recovery in global oil prices post last year's sharp fall are factors that will boost inflation over the near term. Any relaxation to the finance ministry's fiscal deficit targets going forward due to local/global macro-economic factors could also boost BOI AXA inflation expectations, which have already been rising in recent months. This will make it very difficult for the RBI to trim rates any further. If the liquidity SHORT TERM conditions improve in line with the guidance given by the RBI, one can see the INCOME FUND yield curve getting steeper mainly by short end of the curve coming down. The short end of the curve is also able to capture the accrual yield quite well. AN OPEN ENDED This, along with moderation in short yield, make it a good investment INCOME SCHEME proposition to look at. If one looks at the recent historic performance of CRISIL Composite Bond Index and CRISIL Short Term Bond Fund Index, the latter has outperformed as the short term part of the yield curve offers the sweet spot of the Indian yield curve which allow investments to enjoy both accrual and capital gain. We expect this to continue next year as well.

Source: Bloomberg (Unless indicated otherwise)

Data/ figures as on: March 31, 2016

Statements relating to outlook and forecast are the opinions of the Author. The views expressed by the author are personal and are not necessarily that of BOI AXA Investment Managers Private Limited (AMC). This report is for information purpose only and is not intended to be any investment advice. Please make independent research/ obtain professional help before taking any decision of investment/ sale. AMC makes no representation as to the quality, liquidity or market perception of any securities/ issuer/ borrower, if described in the note above, nor does it provide any guarantee whatsoever. Information and material used in this note are believed to be from reliable sources. However, AMC does not warrant the accuracy, reasonableness and/or completeness of any information. AMC does not undertake to update any information or material in this report. Decisions taken by you based on the information provided in this report are to your own account and risk. AMC and any of its officers, directors and employees shall not be liable for any loss or damage of any nature, as also any loss of profit in any way arising from the use of this material in any manner. AMC or its directors, officers and employees, including author of this note / persons involved in the preparation or issuance of this note may, from time to time, have long or short positions in, and buy or sell the securities, if any, mentioned herein or have other potential conflict of interest with respect to any recommendation and related information and opinions given in the note. This Note, or any part of it, should not be duplicated, or contents altered / modified, in whole or in part in any form and or re-distributed without AMC’s prior written consent. • For detailed Portfolio - Plz refer page no. 11 • For Performance - Plz refer page no. 21 • For Product Labelling - Plz refer page no. 3 Mutual Fund investments are subject to market risks, read all scheme related documents carefully. PRODUCT LABEL

SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*: RISKOMETER BOI AXA Liquid Fund • Income over short term. Moderate • Investment in Debt and Money Market Instruments. Moder (An Open Ended Liquid Scheme) tely a a High tely ModerLow

High

Low

LOW HIGH Investors understand that their principal will be at low risk BOI AXA Treasury Advantage Fund • Regular income over short term. Moderate Moder (An Open Ended Income Scheme) • Investment in Debt and Money Market Instruments tely a a High tely ModerLow

High

Low

LOW HIGH Investors understand that their principal will be at moderately low risk BOI AXA Short Term Income Fund • Regular income over short to medium term. Moderate • Investment in Debt / Money Market Instruments / Govt. Securities Moder (An Open Ended Income Scheme) tely a a with portfolio average maturity not exceeding 5 years. High tely ModerLow BOI AXA Regular Return Fund • Long term capital appreciation and regular income. (An Open Ended Income Scheme) • Investment in equity and equity related securities (upto 20%) as well as fixed income securities (Debt / Money Market High

Instruments Govt.Securities). Low BOI AXA Corporate Credit • Long term capital appreciation Spectrum Fund • Investment primarily in corporate debt securities with medium to LOW HIGH (An Open Ended Debt Scheme) long term maturities across the credit spectrum within the Investors understand that their principal will be at universe of investment grade rating moderate risk BOI AXA Equity Fund • Long-term capital growth. Moderate Moder (An Open Ended Equity Growth • Investment in equity and equity-related securities including equity tely a a Fund) derivatives of companies across market capitalisations. High tely ModerLow BOI AXA Tax Advantage Fund • Long-term capital growth. (An Open-Ended Equity Linked • Investment in equity and equity-related securities of companies Savings Scheme) across market capitalisations. High

Low BOI AXA Equity Debt Rebalancer • Long term capital appreciation Fund • Dynamic asset allocation between equity and fixed income based (An Open Ended Dynamic Fund) on equity market valuations LOW HIGH Investors understand that their principal will be at moderately high risk BOI AXA Manufacturing & • Long-term capital growth. Infrastructure Fund Moderate Moder • Investment in equity and equity-related securities of companies tely a a (An Open Ended Sector Scheme) scheme engaged in manufacturing & infrastructure and related High tely sectors. ModerLow

High

Low

LOW HIGH Investors understand that their principal will be at high risk

*Investor should consult their financial advisor if they are not clear about the suitability of the product.

3 David Pezarkar EQUITY OUTLOOK HEAD - EQUITY

Indian equities gained by 11% in the month of March post the Union Budget as Foreign Institutional Investor (FII) flows turned strongly positive. The rally in the domestic markets after the pro-investment and rural-focused budget appears to be due to a combination of two factors; First, apprehensions that the Long term Capital Gains tax regime for equities would change, did not fructify, causing relief. Secondly, indications from central banks across the globe suggested that monetary policy would remain loose. This was partially responsible for a rally in commodity prices, which have rebounded from multi-year lows as producers have responded by curtailing supplies. This led to a favorable sentiment change towards emerging market assets. Additionally, a reduction in China growth fears, and political developments signaling potential policy change in Brazil acted as further catalysts for the rally. March 2016 was the best month for emerging markets since October 2011, with the MSCI EM Index rising by 13%, an outperformance of 6.5% vs developed markets, the largest since March 2011. FIIs turned buyers in March reversing the trend seen in January and February with net inflows to the tune of US$3.6bn in Indian equities. In contrast, domestic investors reversed their position to net sellers in March and saw net outflows of US$2.4bn. Among market sectors, materials, industrials and consumer discretionary stocks outperformed on the back of policy support. Materials in particular benefitted from strength in commodity prices. Defensives such as Health Care, Staples and Energy underperformed the rising market. Healthcare was impacted adversely by continued concerns pertaining to manufacturing units in India meeting US FDA regulations. The first half of the Budget session of Parliament saw some encouraging policy developments. The Aadhaar and the Real Estate Regulator bills were approved. The Lok Sabha also approved the Mines and Mineral Development Regulation Act. Interest rates on small savings schemes were reduced. The Reserve Bank liberalized norms for calculating capital ratios for banks. However, macro-economic data were mixed. The Index for Industrial Production (IIP) came in below expectations at -1.5% y-o-y. The disappointment was led by capital goods and the data now points to weak capex momentum over the last few months. Consumer Price Inflation came in at 5.2% vs 5.7% in January, which was a four-month low led by a surprise drop in food inflation. The RBI has cut the repo rate by 25bp to 6.5% in its April monetary policy. Additionally, it plans to lower the average ex ante liquidity deficit in the system. Earlier, banks were asked to revise their lending rates based on their marginal funding cost. Fears that this would lead to short term lending rates being substantially lower than base rates, and thus impacting margins, the announced rates were only 25-35bps lower. With this mechanism in place, the RBI would be more confident in terms of monetary policy transmission. Consumption led sectors will remain the key beneficiaries of the expected rate cuts. Mortgage and auto loans constitute almost 75% of retail loans, would benefit, apart from short term loans to small and medium sized enterprises. There are signs that consumer demand in India continues to hold up. The last few months’ sales numbers indicate that the automobile sector continues to show steady growth across segments such as passenger vehicles, commercial vehicles, scooters as well as tractors. The sale of paints continues to remain strong. Anecdotal evidence suggests housing demand, as shown by housing loan disbursements in tier 2 / tier 3 cities is also robust. The implementation of the pay commission / One Rank One Pension has been widely expected to further stimulate discretionary demand in the country. The amounts promised are large enough to make a noticeable difference to total demand. On the policy front, the potential passage of the GST bill can lead to a strong positive sentiment. Seat changes in the upper house can reduce the blocking power of the principal opposition parties in the second half of FY2016. The third, unprecedented consecutive year of poor rains will materially hurt agricultural GDP. However, we expect a normal monsoon this year, and that is likely to boost rural demand. Elections to five State Assemblies – Assam, West Bengal, Tamil Nadu, Puducherry and Kerala - are to be held over the next six weeks, with results to be announced on May 19. Electorally these States represent a meaningful part of India – they contribute about 21% of the Seats in both the Lok Sabha. But the impact of these elections on policy making is likely to be limited. The Government has taken tough decisions to strengthen macro stability. It has focused on fiscal consolidation, enacted measures to clean-up the banking system, despite the impact on credit growth, and restricted increases in minimum support prices for agricultural commodities under check to rein in inflation. However, during the last two years of this Government’s current tenure there is a substantial build up in the State Election calendar, followed by the National Elections in May 2019. The risk remains that political expediency could affect decision making. Earnings growth will remain the long term driver for markets. During the last two years, aggregate earnings were hurt by weaker commodities, and NPA provisions for the banking sector. As these effects normalize, earnings growth should improve to 13-15%. Valuations of Indian equities remain attractive. The market is trading at 16.3x P/E on expected earnings, near its long-period average. We are positive on consumption oriented sectors, and select manufacturing companies, and have positioned our portfolios accordingly.

Source: Bloomberg (Unless indicated otherwise)

Alok Singh FIXED INCOME OUTLOOK HEAD - INVESTMENTS

In line with market expectation Reserve (RBI) reduced its repo rate by 25bp to 6.50% down from 6.75%. In an unexpected move, the reverse repo rate was adjusted to 6.00% up from 5.75% and MSF rate moved down to 7% from 7.75%. This narrowed the interest rate corridor from 100bp +/- repo rate to 50bp +/- repo rate in what appears primarily to be an attempt to reduce volatility in the money markets. Meanwhile, the cash reserve ratio has been kept on hold at 4.00%.

The direction of inflation going forward remains the key for RBI to look at further easing, as RBI said “Inflation has evolved along the projected trajectory and the target set for January 2016 was met with a marginal undershoot. Going forward, CPI inflation is expected to decelerate modestly and remain around 5 per cent during 2016-17 with small inter- quarter variations. There are uncertainties surrounding this inflation path emanating from recent unseasonal rains, the likely spatial and temporal distribution of monsoon, the low reservoir levels by historical averages, and the strength of the recent upturn in commodity prices, especially oil.”

Going forward, less favorable base effect, bad monsoon and any recovery in oil global prices post last year's sharper fall are factors those will boost inflation over the near term. Any relaxation to the finance ministry's fiscal deficit targets going forward due to local/global macro-economic factors could boost inflation expectations, which have already been rising in recent months. This will make it very difficult for the RBI to trim rates any further. Even though, RBI made reference to "weak private investment in the face of low capacity utilisation", and noting that "the government has adhered to the path of fiscal consolidation".

The liquidity boosting measure announced by the RBI shall help in increasing the liquidity in the banking system. This shall also help the shorter end of the curve coming down. While the market borrowing by government will increase the supply of long bond and may put some pressure on the long of the yield curve resulting in some yield curve steepening over the period. In such scenario the funds with shorter duration shall do better than the long duration.

Source: Bloomberg (Unless indicated otherwise)

4 SIP SHIELD AVAILABLE Equity Fund Hybrid Fund Debt Fund Liquid Fund INVESTMENT STYLE THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE Growth Blend Value BOI AXA SEEKING^: •Long-term capital growth. Large

Equity Fund •Investment in equity and equity-related securities including tion

equity derivatives of companies across market capitalisations. Medium t e An Open Ended Equity Growth Fund alisa Mark All data as on March 31, 2016 Capit (Unless indicated otherwise) ^For details, refer Page 3. Small

TOP 15 INDUSTRY ALLOCATION PORTFOLIO DETAILS E Banks 19.39% Portfolio Holdings Industry/ % to Net Q Software 12.38% Rating Assets Consumer Non Durables 10.73% U Auto 9.92% I Pharmaceuticals 8.53% EQUITY & EQUITY RELATED Petroleum Products 6.11% Listed / awaiting listing on the stock exchanges T Cement 4.15% Finance 4.14% Limited Software 8.08 Y Auto Ancillaries 4.07% HDFC Bank Limited Banks 6.42 Consumer Durables 3.00% ICICI Bank Limited Banks 4.84 Gas 2.06% G Industrial Products 2.03% Ltd DVR Shares Auto 4.37 Trading 2.02% HCL Technologies Limited Software 4.29 R Transportation 2.00% Limited Petroleum Products 4.14 Construction Project 1.90% O ITC Limited Consumer Non Durables 3.04 W INVESTMENT OBJECTIVE Limited Banks 3.00 T To generate income and long-term capital appreciation through a diversified portfolio of Sun Pharmaceuticals Industries Limited Pharmaceuticals 2.92 predominantly equity and equity-related securities including equity derivatives, across all H IndusInd Bank Limited Banks 2.86 market capitalizations. The Scheme is in the nature of diversified multi-cap fund. The India Limited Auto 2.60 Scheme is not providing any assured or guaranteed returns. Banks 2.28 WHO SHOULD INVEST F The Ltd Cement 2.15 The fund is suited to investors with some prior experience in equity investing or even for U first time equity investors who are aware of the risk associated with investing in equities, Nestle India Limited Consumer Non Durables 2.12 N particularly with regard to mid and small capitalization companies. Infrastructure Development Finance 2.11 Finance Company Limited D BENCHMARK Nifty 50 Index Gujarat State Petronet Limited Gas 2.06 DATE OF ALLOTMENT Divi's Laboratories Limited Pharmaceuticals 2.06 October 21, 2008 Procter & Gamble Hygiene and Consumer Non Durables 2.05 FUND MANAGER Health Care Limited David Pezarkar (w.e.f August 1, 2013) - Around 21 years of industry experience Bosch Limited Auto Ancillaries 2.05 AVERAGE AUM Limited Pharmaceuticals 2.05 ` 71.36 Crs. Cholamandalam Investment and LATEST AUM Finance Company Limited Finance 2.04 ` 74.01 Crs. FAG Bearings India Limited Industrial Products 2.03 MINIMUM APPLICATION AMOUNT (LUMPSUM) 3M India Limited Trading 2.02 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 WABCO India Limited Auto Ancillaries 2.02 ADDITIONAL PURCHASE AMOUNT UltraTech Cement Limited Cement 2.00 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Container Corporation of India Limited Transportation 2.00 TOTAL EXPENSE RATIO^ Limited Petroleum Products 1.97 Regular Plan: 2.95% Eco Plan: 2.25% Direct Plan: 1.82% Limited Consumer Non Durables 1.96 ^Average Expense Ratio excludes Service Tax on Management Fee Whirlpool of India Limited Consumer Durables 1.94 PORTFOLIO TURNOVER RATIO Larsen & Toubro Limited Construction Project 1.90 1.64 Times# (#Basis last rolling 12 months) Limited Auto 1.87 OTHER PARAMETERS (As on MARCH 31, 2016) Power Grid Corporation of India Limited Power 1.66 Standard Deviation (Annualized): 16.47 (BOI AXA Equity Fund) GlaxoSmithKline Consumer Consumer Non Durables 1.55 17.27 (Nifty 50 Index) Healthcare Limited Beta: 0.91 Limited Pharmaceuticals 1.51 Sharpe Ratio*: (0.035) Tracking Error (Annualized): 5.03 Limited Textile Products 1.09 Above ratios are calculated using 6 years history of daily returns Hero MotoCorp Limited Auto 1.08 *Risk-free rate assumed to be 7.09% (MIBOR as on March 31, 2016) India Limited Consumer Durables 1.06 NAV (As on MARCH 31, 2016) NAV (`) Total 95.19 Regular Plan Eco Plan Growth 25.69 Growth 26.56 MONEY MARKET INSTRUMENTS Bonus 25.69 Bonus 26.56 Certificate of Deposit Regular Dividend 10.49 Regular Dividend 12.14 Quarterly Dividend 10.03 Quarterly Dividend 9.71 RBL Bank Limited ICRA A1+ 5.75 Direct Plan Total 5.75 Growth 26.58 Bonus 13.80 Cash & Cash Equivalent Regular Dividend 12.23 Net Receivables/Payables (1.09) Quarterly Dividend 10.39 CBLO / Reverse Repo Investments 0.15 LOAD STRUCTURE (FOR ALL PLANS) Total (0.94) Entry Load NIL Exit Load 1% if redeemed within 1 year from the date of allotment GRAND TOTAL 100.00 For Dividend History please refer page no. 14. For Scheme Performance please refer page no. 15 to 23.

5 SIP SHIELD AVAILABLE Equity Fund Hybrid Fund Debt Fund Liquid Fund INVESTMENT STYLE THIS PRODUCT IS SUITABLE FOR INVESTORS WHO Growth Blend Value BOI AXA 80C ARE SEEKING^: Benefit Tax Advantage •Long-term capital growth. Large

•Investment in equity and equity-related securities tion

of companies across market capitalisations. Medium t e Fund alisa Mark An Open-Ended Equity Linked Savings Scheme Capit All data as on March 31, 2016 (Unless indicated otherwise) ^For details, refer Page 3. Small

TOP 15 INDUSTRY ALLOCATION PORTFOLIO DETAILS E Banks 15.95% Portfolio Holdings Industry/ % to Net Q Software 11.28% Rating Assets Pharmaceuticals 9.93% U Auto 9.24% EQUITY & EQUITY RELATED I Consumer Non Durables 8.97% Auto Ancillaries 6.15% Listed / awaiting listing on the stock exchanges T Finance 6.00% HDFC Bank Limited Banks 6.90 5.56% Industrial Products HCL Technologies Limited Software 5.77 Y Media & Entertainment 3.69% Chemicals 3.50% Infosys Limited Software 5.51 Cement 3.35% Tata Motors Ltd DVR Shares Auto 5.02 L Petroleum Products 2.88% IndusInd Bank Limited Banks 3.81 Telecom - Equipment & Accessories 1.88% I Gas 1.81% Sun Pharmaceuticals Industries Limited Pharmaceuticals 3.31 N Industrial Capital Goods 1.75% Maruti Suzuki India Limited Auto 3.22 K Yes Bank Limited Banks 3.15 INVESTMENT OBJECTIVE Reliance Industries Limited Petroleum Products 2.88 E The Scheme seeks to generate long-term capital growth from a diversified portfolio of ITC Limited Consumer Non Durables 2.58 predominantly equity and equity-related securities across all market capitalisations. The D Repco Home Finance Ltd Finance 2.51 Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns. There can be no assurance that the investment objectives of Aurobindo Pharma Limited Pharmaceuticals 2.49 S the Scheme will be realized. Cummins India Limited Industrial Products 2.48 WHO SHOULD INVEST Divi's Laboratories Limited Pharmaceuticals 2.33 A The fund is suitable for investors with a long-term investment horizon. In terms of fund Limited Auto Ancillaries 2.23 V management, the 3 year lock-in period gives the fund manager the comfort of planning his Amara Raja Batteries Limited Auto Ancillaries 2.19 I investments with a long-term horizon. ICICI Bank Limited Banks 2.10 BENCHMARK N Grindwell Norton Limited Industrial Products 1.92 Nifty 50 Index Aarti Industries Limited Chemicals 1.91 G DATE OF ALLOTMENT The Ramco Cements Ltd Cement 1.89 February 25, 2009 Bharti Infratel Limited Telecom - Equipment & 1.88 S FUND MANAGER Accessories C Saurabh Kataria (w.e.f June 29, 2013): Around 10 years of industry experience. PVR Limited Media & Entertainment 1.86 AVERAGE AUM Dish TV India Limited Media & Entertainment 1.83 H ` 50.00 Crs. Gujarat State Petronet Limited Gas 1.81 E LATEST AUM Indoco Remedies Limited Pharmaceuticals 1.80 M ` 50.83 Crs. Cholamandalam Investment and Finance 1.77 E MINIMUM APPLICATION AMOUNT (LUMPSUM) Finance Company Limited Regular/ Direct Plan ` 500 and in multiples of ` 1 Triveni Turbine Limited Industrial Capital Goods 1.75 ADDITIONAL PURCHASE AMOUNT WABCO India Limited Auto Ancillaries 1.72 Regular/ Direct Plan ` 500 and in multiples of ` 1 Jyothy Laboratories Limited Consumer Non Durables 1.72 TOTAL EXPENSE RATIO^ SKS Microfinance Limited Finance 1.72 Regular Plan: 2.95% Eco Plan: 2.25% United Spirits Limited Consumer Non Durables 1.60 Direct Plan: 1.66% Limited Chemicals 1.59 ^Average Expense Ratio excludes Service Tax on Management Fee Limited Consumer Non Durables 1.59 PORTFOLIO TURNOVER RATIO GlaxoSmithKline Consumer Consumer Non Durables 1.48 1.02 Times# (#Basis last rolling 12 months) Healthcare Limited OTHER PARAMETERS (As on MARCH 31, 2016) JK Cement Limited Cement 1.46 Standard Deviation (Annualized): 16.68 (BOI AXA Tax Advantage Fund) Whirlpool of India Limited Consumer Durables 1.24 17.26 (Nifty 50 Index) Ramkrishna Forgings Limited Industrial Products 1.16 Beta: 0.91 PI Industries Limited Pesticides 1.09 Sharpe Ratio*: 0.01 Ashoka Buildcon Limited Construction Project 1.01 Tracking Error (Annualized): 6.07 V.S.T Tillers Tractors Limited Auto 1.01 Above ratios are calculated using 6 years history of daily returns Total 95.28 *Risk-free rate assumed to be 7.09% (MIBOR as on March 31, 2016) NAV (As on MARCH 31, 2016) NAV (`) MONEY MARKET INSTRUMENTS Regular Plan Eco Plan Certificate of Deposit Growth 34.92 Growth 36.01 RBL Bank Limited ICRA A1+ 4.09 Dividend 14.49 Dividend 14.37 Total 4.09 Direct Plan Growth 36.44 Cash & Cash Equivalent Dividend 18.93 Net Receivables/Payables 0.47 LOAD STRUCTURE (FOR ALL PLANS) CBLO / Reverse Repo Investments 0.16 Entry Load NIL Total 0.63 Exit Load NIL For Dividend History please refer page no. 14. GRAND TOTAL 100.00 For Scheme Performance please refer page no. 15 to 23.

6 Equity Fund Hybrid Fund Debt Fund Liquid Fund THIS PRODUCT IS SUITABLE FOR INVESTORS WHO INVESTMENT STYLE BOI AXA ARE SEEKING^: Growth Blend Value •Long-term capital growth. Large Manufacturing & •Investment in equity and equity-related securities of Infrastructure Fund** companies Scheme engaged in manufacturing & tion Medium t e An Open Sector Scheme infrastructure and related sectors. alisa **Fundamental Attributes and Name of the fund have been changed from BOI AXA Focused Infrastructure Fund to BOI AXA Manufacturing & Mark Infrastructure Fund w.e.f. January 19, 2016. ^For details, refer Page 3. Small Capit All data as on March 31, 2016 (Unless indicated otherwise)

EQUITY INDUSTRY ALLOCATION PORTFOLIO DETAILS E Industrial Products 11.78% Portfolio Holdings Industry/ % to Net Q Industrial Capital Goods 11.60% Rating Assets Auto 10.92% U Construction Project 8.54% Cement 8.35% EQUITY & EQUITY RELATED I Power 7.12% Listed / awaiting listing on the stock exchanges Construction 6.46% T Consumer Non Durables 6.36% Larsen & Toubro Limited Construction Project 6.36 Y Pharmaceuticals 5.10% Power Grid Corporation of India Limited Power 5.04 Auto Ancillaries 4.29% Consumer Durables 4.22% UltraTech Cement Limited Cement 4.36 Gas 3.24% The Ramco Cements Ltd Cement 3.99 S Transportation 2.39% E Telecom - Equipment & Accessories 2.11% TD Power Systems Limited Industrial Capital Goods 3.28 Textiles - Cotton 2.05% Gujarat State Petronet Limited Gas 3.24 C Minerals/Mining 1.23% Tata Motors Ltd DVR Shares Auto 3.16 T INVESTMENT OBJECTIVE Maruti Suzuki India Limited Auto 3.06 O The Scheme seeks to generate long term capital appreciation through a portfolio of Greaves Cotton Limited Industrial Products 2.95 R predominantly equity and equity related securities of companies engaged in manufacturing Sun Pharmaceuticals Industries Limited Pharmaceuticals 2.84 and infrastructure and related sectors. Further, there can be no assurance that the Finolex Cables Limited Industrial Products 2.70 investment objectives of the scheme will be realized. The Scheme is not providing any FAG Bearings India Limited Industrial Products 2.52 S assured or guaranteed returns. Container Corporation of India Limited Transportation 2.39 C WHO SHOULD INVEST The Scheme would be more suitable for investors who are desirous of increasing their Ahluwalia Contracts (India) Limited Construction 2.26 H exposure to infrastructure space in their personal equity portfolio. Thus, this Scheme could Aurobindo Pharma Limited Pharmaceuticals 2.26 E act as a "top up" over existing investments of such investors in diversified equity funds. Ashok Leyland Limited Auto 2.22 However, for a first time investor, it might still be advisable to initially start his investment ABB Limited Industrial Capital Goods 2.20 M with a diversified equity fund. Techno Electric & Engineering Construction Project 2.18 E BENCHMARK (SINCE JANUARY 19, 2016) Company Limited S&P BSE India Manufacturing Index (50%) and S&P BSE India Infrastructure Index (50%) WABCO India Limited Auto Ancillaries 2.18 DATE OF ALLOTMENT Nestle India Limited Consumer Non Durables 2.17 March 05, 2010 Grindwell Norton Limited Industrial Products 2.16 FUND MANAGER Kajaria Ceramics Limited Construction 2.14 David Pezarkar (w.e.f August 1, 2013) - Around 21 years of industry experience Procter & Gamble Hygiene and Consumer Non Durables 2.13 AVERAGE AUM Health Care Limited ` 8.81 Crs. Bosch Limited Auto Ancillaries 2.12 LATEST AUM Havells India Limited Consumer Durables 2.12 ` 9.04 Crs. Bharti Infratel Limited Telecom - Equipment & 2.11 MINIMUM APPLICATION AMOUNT (LUMPSUM) Accessories Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Blue Star Limited Consumer Durables 2.10 ADDITIONAL PURCHASE AMOUNT Kalpataru Power Transmission Limited Power 2.08 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 GlaxoSmithKline Consumer Consumer Non Durables 2.07 TOTAL EXPENSE RATIO^ Healthcare Limited Regular Plan: 2.74% Direct Plan: 1.46% Limited Industrial Capital Goods 2.07 ^Average Expense Ratio excludes Service Tax on Management Fee KNR Constructions Limited Construction 2.06 PORTFOLIO TURNOVER RATIO Vardhman Textiles Limited Textiles - Cotton 2.05 1.39 Times# (#Basis last rolling 12 months) Triveni Turbine Limited Industrial Capital Goods 2.05 OTHER PARAMETERS (As on MARCH 31, 2016) Apar Industries Limited Industrial Capital Goods 2.01 Standard Deviation (Annualized): 19.40 (BOI AXA Manufacturing & Infrastructure Fund) KSB Pumps Limited Industrial Products 1.44 19.06 (S&P BSE India Manufacturing Index (50%) and S&P BSE India Infrastructure Index (50%) Hero MotoCorp Limited Auto 1.40 Beta: 0.95 Since January 19, 2016) MOIL Limited Minerals/Mining 1.23 Sharpe Ratio*: (0.90) V.S.T Tillers Tractors Limited Auto 1.07 Tracking Error (Annualized): 6.79 Total 95.77 Above ratios are calculated using 1 year history of monthly returns of the fund and the above Indices as the inception of S&P BSE Infrastructure Index is May 28, 2014. NON-CONVERTIBLE DEBENTURES *Risk-free rate assumed to be 7.09% (MIBOR as on March 31, 2016) NTPC Limited CRISIL AAA 0.24 NAV (As on MARCH 31, 2016) NAV (`) Total 0.24 Regular Plan Direct Plan Growth 11.07 Growth 11.45 Cash & Cash Equivalent Regular Dividend 11.07 Regular Dividend 11.36 Quarterly Dividend 10.55 Quarterly Dividend 11.37 Net Receivables/Payables 0.56 LOAD STRUCTURE (FOR ALL PLANS) CBLO / Reverse Repo Investments 3.43 Entry Load NIL Total 3.99 Exit Load 1% if redeemed within 1 year from the date of allotment For Dividend History please refer page no. 14. GRAND TOTAL 100.00 For Scheme Performance please refer page no. 15 to 23.

7 EquityEquity Fund Fund Hybrid Fund Debt Fund Liquid Fund THIS PRODUCT IS SUITABLE FOR INVESTORS INVESTMENT STYLE BOI AXA WHO ARE SEEKING^: Growth Blend Value •Long term capital appreciation Large Equity Debt •Dynamic asset allocation between equity and fixed income based on equity market valuations tion

Medium t e Rebalancer Fund alisa Capit An Open Ended Dynamic Fund Mark All data as on March 31, 2016 (Unless indicated otherwise) ^For details, refer Page 3. Small

EQUITY INDUSTRY ALLOCATION PORTFOLIO DETAILS H Banks 9.90% Portfolio Holdings Industry/ % to Net % to Nav Y Auto 5.95% Rating Assets Derivatives Consumer Non Durables 5.24% B EQUITY HOLDINGS (UNHEDGED) Software 4.66% Listed / awaiting listing on the R Pharmaceuticals 3.92% stock exchanges Finance 3.20% HDFC Bank Limited Banks 3.11 Auto Ancillaries 2.45% I Infosys Limited Software 2.39 Telecom - Equipment & Accessories 1.15% D Consumer Durables 1.11% HCL Technologies Limited Software 2.27 Media & Entertainment 1.04% IndusInd Bank Limited Banks 2.00 Industrial Products 1.01% Maruti Suzuki India Limited Auto 1.92 S Petroleum Products 0.75% Limited Finance 1.85 Chemicals 0.63% Britannia Industries Limited Consumer Non Durables 1.82 C Yes Bank Limited Banks 1.73 INVESTMENT OBJECTIVE Tata Motors Ltd DVR Shares Auto 1.62 H ICICI Bank Limited Banks 1.61 E The Scheme aims at generating long term returns with lower volatility by following a Sun Pharmaceuticals Industries Limited Pharmaceuticals 1.58 disciplined allocation between equity and debt securities. The equity allocation will be Limited Banks 1.45 M determined based on the month end P/E ratio of the Nifty 50 Index. There is no assurance ITC Limited Consumer Non Durables 1.36 E that the investment objectives of the Scheme will be realized and the Scheme does not Housing Development Finance Finance 1.34 assure or guarantee any returns. Corporation Limited Aurobindo Pharma Limited Pharmaceuticals 1.28 BENCHMARK Bosch Limited Auto Ancillaries 1.26 Limited Auto 1.21 Nifty 50 (50%) & CRISIL Short Term Bond Fund Index (50%) Motherson Sumi Systems Limited Auto Ancillaries 1.19 DATE OF ALLOTMENT Bharti Infratel Limited Telecom - Equipment & 1.15 Accessories March 14, 2014 Titan Industries Limited Consumer Durables 1.11 Divi's Laboratories Limited Pharmaceuticals 1.06 FUND MANAGER United Spirits Limited Consumer Non Durables 1.04 Piyush Baranwal (For Debt): Managing this fund since 11th July, 2014. Over 8 years’ Zee Entertainment Enterprises Limited Media & Entertainment 1.04 experience in Portfolio Management and trading in Fixed Income securities. Limited Consumer Non Durables 1.01 Cummins India Limited Industrial Products 1.01 Saurabh Kataria (for Equity): Managing this fund since September 11, 2014. Around 10 years Reliance Industries Limited Petroleum Products 0.75 of industry experience. Mahindra & Mahindra Limited Auto 0.74 Pidilite Industries Limited Chemicals 0.63 AVERAGE AUM Tata Motors Limited Auto 0.47 Equity Holdings (Unhedged) Total 41.01 ` 136.79 Crs. Portfolio Holdings Industry/ % to Net % to Nav LATEST AUM Rating Assets Derivatives ` 139.98 Crs. EQUITY HOLDINGS (HEDGED) Reliance Industries Limited Petroleum Products 8.74 MINIMUM APPLICATION AMOUNT (LUMPSUM) Reliance Industries Limited - Futures (8.78) Housing Development Finance Finance 5.47 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Corporation Limited ADDITIONAL PURCHASE AMOUNT Housing Development Finance Corporation Limited - Futures (5.50) Regular/ Direct Plan ` 1,000 and in multiples of ` 1 HDFC Bank Limited Banks 4.09 TOTAL EXPENSE RATIO^ HDFC Bank Limited - Futures (4.13) Other Equity Holding (Hedged) 7.19 Regular Plan: 2.25% Other Stock Futures Holding (Hedged) (7.23) Direct Plan: 1.90% Equity Holdings (Hedged) Total 25.49 (25.64) Equity Holdings Total 66.50 ^Average Expense Ratio excludes Service Tax on Management Fee BONDS & NCDs AVERAGE MATURITY & MODIFIED DURATION Resync Agro Private Limited BWR A-(SO) 2.87 Bhavya Cements Ltd UNRATED 0.48 Average Maturity: 0.70 Years India Infoline Finance Ltd ICRA AA 0.14 Modified Duration: 0.47 Total 3.49 NAV (As on MARCH 31, 2016) NAV (`) MONEY MARKET INSTRUMENTS Certificate of Deposit Regular Plan Direct Plan RBL Bank Limited ICRA A1+ 9.83 Growth 12.5505 Growth 12.6441 Syndicate Bank CARE A1+ 8.86 Dividend 10.3239 Dividend 11.5112 Total 18.69 LOAD STRUCTURE (FOR ALL PLANS) Commercial Paper Housing Development Finance ICRA A1+ 6.77 Entry Load NIL Corporation Limited Total 6.77 Exit Load 1% if redeemed within 1 year from the date of allotment FIXED DEPOSITS (MARGIN) For Dividend History please refer page no. 14. HDFC Bank Limited 6.61 Total 6.61 For Scheme Performance please refer page no. 15 to 23. Cash & Cash Equivalent Net Receivables/(Payables) after (2.32) adjusting for futures CBLO / Reverse Repo Investments 0.26 Total (2.06) GRAND TOTAL 100.00 For complete list of holdings please visit our website www.boiaxa-im.com

8 EquityEquity Fund Fund Hybrid Fund Debt Fund Liquid Fund THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE INVESTMENT STYLE SEEKING^: Growth Blend Value BOI AXA • Long term capital appreciation and regular income. Large • Investment in equity and equity related securities (upto Regular Return Fund 20%) as well as fixed income securities (Debt / Money tion

Medium t e Market Instruments / Govt. Securities). alisa An Open Ended Income Scheme All data as on March 31, 2016 Mark (Unless indicated otherwise) ^For details, refer Page 3. Small Capit

EQUITY INDUSTRY ALLOCATION COMPOSITION BY ASSETS H Auto 2.45% 1.78% Banks 2.42% Y Transportation 1.83% 9.56% Consumer Non Durables 1.41% B Construction Project 1.22% 9.91% 58.98% Oil 1.18% R Media & Entertainment 1.14% Industrial Capital Goods 1.08% I Power 1.08% Pharmaceuticals 1.03% Software 0.95% 19.77% D Auto Ancillaries 0.85% Cement 0.79% Petroleum Products 0.66% Chemicals 0.65% S Minerals/Mining 0.56% Certificate of Deposit Equity & equity related securities Commercial Paper Industrial Products 0.48% C Bonds & NCDs Cash & Cash Equivalent H INVESTMENT OBJECTIVE PORTFOLIO DETAILS E The Scheme seeks to generate regular income through investments in fixed income securities Portfolio Holdings Industry/ % to Net and also to generate long term capital appreciation by investing a portion in equity and Rating Assets M equity related instruments. However, there can be no assurance that the income can be EQUITY & EQUITY RELATED E generated, regular or otherwise, or the investment objectives of the Scheme will be realized. Listed / awaiting listing on the stock exchanges Container Corporation of India Limited Transportation 1.46 BENCHMARK NTPC Limited Power 1.08 CRISIL MIP Blended Index HDFC Bank Limited Banks 1.04 United Spirits Limited Consumer Non Durables 0.98 DATE OF ALLOTMENT Infosys Limited Software 0.95 March 18, 2009 Bosch Limited Auto Ancillaries 0.85 Larsen & Toubro Limited Construction Project 0.83 FUND MANAGER Tata Motors Ltd DVR Shares Auto 0.82 Alok Singh : Managing this fund since May 2012. Around 15 years of experience, including State Bank of India Banks 0.80 10 years in mutual fund industry. UltraTech Cement Limited Cement 0.79 Maruti Suzuki India Limited Auto 0.78 AVERAGE AUM Reliance Industries Limited Petroleum Products 0.66 ` 38.16 Crs. Gujarat Fluorochemicals Limited Chemicals 0.65 HT Media Limited Media & Entertainment 0.64 LATEST AUM Limited Oil 0.61 ` 38.28 Crs. ICICI Bank Limited Banks 0.59 Oil & Natural Gas Corporation Limited Oil 0.58 MINIMUM APPLICATION AMOUNT (LUMPSUM) Bharat Electronics Limited Industrial Capital Goods 0.58 Regular/ Direct Plan ` 10,000 and in multiples of ` 1 Limited Minerals/Mining 0.56 Divi's Laboratories Limited Pharmaceuticals 0.52 ADDITIONAL PURCHASE AMOUNT Sun Pharmaceuticals Industries Limited Pharmaceuticals 0.51 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Triveni Turbine Limited Industrial Capital Goods 0.50 PVR Limited Media & Entertainment 0.50 TOTAL EXPENSE RATIO^ Limited Industrial Products 0.48 Regular Plan: 2.00% Eco Plan: 2.00% Mahindra & Mahindra Limited Auto 0.47 Direct Plan: 1.64% ITC Limited Consumer Non Durables 0.43 Sadbhav Engineering Limited Construction Project 0.39 ^Average Expense Ratio excludes Service Tax on Management Fee Eicher Motors Limited Auto 0.38 AVERAGE MATURITY & MODIFIED DURATION VRL Logistic Ltd Transportation 0.36 Total 19.77 Average Maturity: 0.65 Years Portfolio Holdings Industry/ % to Net Modified Duration: 0.38 Rating Assets NAV (As on MARCH 31, 2016) NAV (`) BONDS & NCDs Regular Plan Eco Plan Listed / awaiting listing on the stock exchanges Resync Agro Private Limited BWR A-(SO) 7.87 Growth 17.1502 Growth 17.3249 Bhavya Cements Ltd UNRATED 1.65 Monthly Dividend 12.1804 Monthly Dividend 15.9979 NTPC Limited CRISIL AAA 0.04 Quarterly Dividend 10.7536 Quarterly Dividend 10.1573 Total 9.56 Annual Dividend 10.1663 Annual Dividend - MONEY MARKET INSTRUMENTS Direct Plan Certificate of Deposit** Growth 17.3311 Punjab & Sind Bank ICRA A1+ 9.86 Monthly Dividend 10.4116 Vijaya Bank CARE A1+ 9.85 Quarterly Dividend 10.8016 Syndicate Bank CARE A1+ 9.85 Annual Dividend - RBL Bank Limited ICRA A1+ 9.83 CRISIL A1+ 9.82 LOAD STRUCTURE (FOR ALL PLANS) ICRA A1+ 9.77 Entry Load NIL Total 58.98 Commercial Paper** Exit Load 1% if redeemed within 1 year from the date of allotment Karvy Stock Broking Ltd ICRA A1+(SO) 9.91 For Dividend History please refer page no. 14. Total 9.91 For Scheme Performance please refer page no. 15 to 23. Cash & Cash Equivalent Net Receivables/Payables (1.01) CBLO / Reverse Repo Investments 2.79 Total 1.78 GRAND TOTAL 100.00

9 EquityEquity Fund Fund Hybrid Fund Debt Fund Liquid Fund THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE CREDIT QUALITY BOI AXA SEEKING^: High Medium Low • Long term capital appreciation • Investment primarily in corporate debt securities with High Corporate Credit e medium to long term maturities across the credit t

spectrum within the universe of investment grade Medium t Ra Spectrum Fund rating. es er t In Sensitivity An Open Ended Debt Scheme Low All data as on March 31, 2016 (Unless indicated otherwise) ^For details, refer Page 3.

CREDIT PROFILE COMPOSITION BY ASSETS D 0.98% 0.98% E 12.49% 2.11% B 24.24% 83.17% 13.27% T 13.74%

S 15.85% C 17.19% H 15.97% Bonds & NCDs Certificate of Deposit E A (SO) A- (SO) Unrated A1+ A- AAA Cash & Cash Equivalent Commercial Paper Cash & Cash Equivalent M INVESTMENT OBJECTIVE PORTFOLIO DETAILS E The Scheme’s investment objective is to generate capital appreciation over the long term by Portfolio Holdings Industry/ % to Net investing predominantly in corporate debt across the credit spectrum within the universe of Rating Assets investment grade rating. To achieve this objective, the Scheme will seek to make investments in rated, unrated instruments and structured obligations of public and private companies. BONDS & NCDs

BENCHMARK Listed / awaiting listing on the stock exchanges Liquid Investment And Trading Co. Pvt. Ltd. BWR A(SO) 14.52 CRISIL Composite Bond Fund Index Enzen Global Solutions Pvt Ltd CRISIL A- 13.27 DATE OF ALLOTMENT Bacchus Hospitality Services & BWR A(SO) 9.72 February 27, 2015 Real Estate Pvt Ltd Resync Agro Private Limited BWR A-(SO) 9.50 FUND MANAGER Bhavya Cements Ltd UNRATED 8.15 Alok Singh : Managing this fund since February 2015. Around 15 years of experience, Sanmar Engineering Services Ltd UNRATED 7.82 including 10 years in mutual fund industry Coffee Day Consolidations Private Limited BWR A-(SO) 7.70 AVERAGE AUM Housing Development Finance CRISIL AAA 6.79 ` 359.95 Crs. Corporation Limited LATEST AUM IDFC Bank Ltd ICRA AAA 5.33 LIC Housing Finance Limited CRISIL AAA 0.24 ` 369.92 Crs. Indian Railway Finance Corp Ltd CRISIL AAA 0.14 MINIMUM APPLICATION AMOUNT (LUMPSUM) Total 83.17 Regular/ Direct Plan ` 5,000 and in multiples of ` 5,000 MONEY MARKET INSTRUMENTS ADDITIONAL PURCHASE AMOUNT Certificate of Deposit** Regular/ Direct Plan ` 5,000 and in multiples of ` 5,000 Union Bank of India CRISIL A1+ 6.64 TOTAL EXPENSE RATIO^ RBL Bank Limited ICRA A1+ 6.04

Regular Plan: 1.85% Direct Plan: 1.75% Bank of Baroda ICRA A1+ 1.06 Total 13.74 ^Average Expense Ratio excludes Service Tax on Management Fee

OTHER PARAMETERS (As on MARCH 31, 2016) Commercial Paper** Kotak Mahindra Investments Ltd CRISIL A1+ 1.32 Average Maturity: 2.64 Years Modified Duration: 1.67 Shapoorji Pallonji and Company Private Ltd ICRA A1+ 0.79 Portfolio Yield: 12.46% Total 2.11

NAV (As on MARCH 31, 2016) NAV (`) Cash & Cash Equivalent Regular Plan: 11.0117 Direct Plan: 11.0261 Net Receivables/Payables 0.91 LOAD STRUCTURE (FOR ALL PLANS) CBLO / Reverse Repo Investments 0.07 Total 0.98 Entry Load NIL

Exit Load • 4% if redeemed within 12 months from the date of allotment GRAND TOTAL 100.00

• 3% if redeemed after 12 months but within 24 months from the All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating, date of allotment Brickwork. • 2% if redeemed after 24 months but within 36 months from the **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations date of allotment and Guidelines.

• Nil if redeemed after 36 months from the date of allotment

For Dividend History please refer page no. 14.

For Scheme Performance please refer page no. 15 to 23.

10 EquityEquity Fund Fund HybridHybrid Fund Fund Liquid FundDebt Fund Liquid Fund CREDIT QUALITY THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE BOI AXA SEEKING^: High Medium Low • Regular income over short to medium term. Short Term High e • Investment in Debt/ Money Market Instruments/ Govt. t Securities with portfolio average maturity not exceeding Income Fund Medium t Ra 5 years. es

An Open Ended Income Scheme er t In All data as on March 31, 2016 Sensitivity (Unless indicated otherwise) ^For details, refer Page 3. Low

CREDIT PROFILE COMPOSITION BY ASSETS I 70.00% 64.13% N Duration % of Assets 60.00% C 50.00% Upto 3 months 67 O 40.00% 30.00% M 3 months to 6 months 7 20.00% 11.89% 10.87% 8.31% E 10.00% 3.30% 2.33% 6 months to 1 year 7 0.00% -0.84% -10.00% S > 1 year 19 C A1+ A- (SO) AAA A1+ (SO) A- Unrated Cash & Cash Equivalent H INVESTMENT OBJECTIVE PORTFOLIO DETAILS E The Scheme seeks to generate income and capital appreciation by investing in a diversified Portfolio Holdings Industry/ % to Net M portfolio of debt and money market securities. However, there can be no assurance that the Rating Assets income can be generated, regular or otherwise, or the investment objectives of the Scheme E will be realized. The Scheme is not providing any assured or guaranteed returns. BONDS & NCDs BENCHMARK Listed / awaiting listing on the stock exchanges CRISIL Short Term Bond Fund Index Resync Agro Private Limited BWR A-(SO) 8.46 DATE OF ALLOTMENT Dewan Housing Finance Corporation Ltd CARE AAA 7.38 December 18, 2008 Coffee Day Consolidations Private Limited BWR A-(SO) 3.44 FUND MANAGER Enzen Global Solutions Pvt Ltd CRISIL A- 3.30

Alok Singh : Managing this fund since May 2014. Around 15 years of experience, including IDFC Bank Ltd ICRA AAA 3.18 10 years in mutual fund industry. Bhavya Cements Ltd UNRATED 2.33 AVERAGE AUM Power Finance Corporation Limited CRISIL AAA 0.32

` 88.97 Crs. Total 28.40

LATEST AUM MONEY MARKET INSTRUMENTS ` 94.96 Crs. Certificate of Deposit** MINIMUM APPLICATION AMOUNT (LUMPSUM) Punjab & Sind Bank ICRA A1+ 9.84 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Vijaya Bank CARE A1+ 9.82

ADDITIONAL PURCHASE AMOUNT Syndicate Bank CARE A1+ 9.82

Regular/ Direct Plan ` 1,000 and in multiples of ` 1 RBL Bank Limited ICRA A1+ 9.80 Bank of Baroda ICRA A1+ 9.54 TOTAL EXPENSE RATIO^ Total 48.81 Regular Plan: 1.25%

Direct Plan: 0.40% Commercial Paper** ^Average Expense Ratio excludes Service Tax on Management Fee Edelweiss Commodities Services Ltd CRISIL A1+ 8.33

OTHER PARAMETERS (As on MARCH 31, 2015) Karvy Stock Broking Ltd ICRA A1+(SO) 8.31

Average Maturity: 0.90 Years Housing Development Finance Corporation Limited ICRA A1+ 6.99 Modified Duration: 0.56 Total 23.62 Portfolio Yield: 9.66%

NAV (As on MARCH 31, 2016) NAV (`) Cash & Cash Equivalent

Regular Plan Direct Plan Net Receivables/Payables (1.17) Growth 16.3350 Growth 16.8458 CBLO / Reverse Repo Investments 0.34 Monthly Dividend 10.3628 Monthly Dividend 10.3981 Total (0.84) Quarterly Dividend 10.1433 Quarterly Dividend 10.1776

LOAD STRUCTURE (FOR ALL PLANS) GRAND TOTAL 100.00 Entry Load NIL Exit Load 1% if redeemed within 6 months from date of allotment All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating. **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations For Dividend History please refer page no. 14. and Guidelines. For Scheme Performance please refer page no. 15 to 23.

11 EquityEquity Fund Fund Hybrid Fund Debt Fund Liquid Fund CREDIT QUALITY High Medium Low BOI AXA THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING^: High

Treasury e • Regular income over short term. t

• Investment in Debt and Money Market Instruments Medium t Ra Advantage Fund es er t In Sensitivity An Open Ended Income Scheme Low All data as on March 31, 2016 (Unless indicated otherwise) ^For details, refer Page 3.

CREDIT PROFILE COMPOSITION BY ASSETS I 1.38% 0.61% 0.61% N 2.97% 13.64% C 3.00% O 7.90% 42.51% 45.90% M 39.85% E 17.04%

24.61% S Commercial Paper Bonds & NCDs C A1+ AAA A1+(SO) A- (SO) A+ AA- AA Cash & Cash Equivalent Certificate of Deposit Cash & Cash Equivalent H INVESTMENT OBJECTIVE PORTFOLIO DETAILS E The Scheme seeks to deliver reasonable market related returns with lower risk and higher Portfolio Holdings Industry/ % to Net M liquidity through portfolio of debt and money market instruments. The Scheme is not Rating Assets providing any assured or guaranteed returns. E BONDS & NCDs BENCHMARK Listed / awaiting listing on the stock exchanges CRISIL Liquid Fund Index Housing Development Finance Corporation Limited CRISIL AAA 13.89 DATE OF ALLOTMENT Dewan Housing Finance Corporation Ltd CARE AAA 10.72 July 16, 2008 Coffee Day Consolidations Private Limited BWR A-(SO) 7.90 FUND MANAGER Manappuram Finance Limited CRISIL A+ 3.00 Alok Singh : Managing this fund since May 2014. Around 15 years of experience, including SREI Equipment Finance Ltd CARE AA- 2.97 10 years in mutual fund industry India Infoline Finance Ltd ICRA AA 1.38 Piyush Baranwal (Co-Fund Manager): Managing this fund since 11th July, 2014. Over 8 years’ Total 39.85 experience in Portfolio Management and trading in Fixed Income securities. MONEY MARKET INSTRUMENTS AVERAGE AUM Certificate of Deposit** ` 174.66 Crs. Syndicate Bank CARE A1+ 8.96 LATEST AUM Bank of Baroda ICRA A1+ 4.68 ` 168.21 Crs. Total 13.64 MINIMUM APPLICATION AMOUNT (LUMPSUM) Commercial Paper** Regular/ Direct Plan ` 5,000 and in multiples of ` 1 S.D. Corporation Pvt. Ltd CARE A1+(SO) 17.04 ADDITIONAL PURCHASE AMOUNT Shapoorji Pallonji and Company Private Ltd ICRA A1+ 12.78 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Kotak Mahindra Investments Ltd CRISIL A1+ 11.57 Housing Development Finance Corporation Limited ICRA A1+ 4.51 TOTAL EXPENSE RATIO^ Total 45.90 Regular Plan: 0.50%

Direct Plan: 0.31% Cash & Cash Equivalent Net Receivables/Payables 0.51 ^Average Expense Ratio excludes Service Tax on Management Fee CBLO / Reverse Repo Investments 0.10 OTHER PARAMETERS (As on MARCH 31, 2016) Total 0.61 Average Maturity: 6.36 Months Modified Duration: 0.47 GRAND TOTAL 100.00 Portfolio Yield: 9.41% All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating. NAV (As on MARCH 31, 2016) NAV (`) **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations Regular Plan Direct Plan and Guidelines. Growth 1,788.0879 Growth 1,803.8667 Bonus - Bonus 1,800.4375 Daily Dividend 1,002.9232 Daily Dividend 1,002.9232 Weekly Dividend 1,006.1729 Weekly Dividend 1,006.1963

LOAD STRUCTURE (FOR ALL PLANS)

Entry Load NIL

Exit Load NIL

For Dividend History please refer page no. 14.

For Scheme Performance please refer page no. 15 to 23.

12 Equity Fund Hybrid Fund Debt Fund Liquid Fund CREDIT QUALITY THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE High Medium Low BOI AXA SEEKING^: • Income over short term. High e Liquid Fund • Investment in Debt and Money Market Instruments. t Medium t Ra es

An Open Ended Liquid Scheme er t In All data as on March 31, 2016 Sensitivity (Unless indicated otherwise) ^For details, refer Page 3. Low

CREDIT PROFILE COMPOSITION BY ASSETS L 80.00% 68.91% 90.00% 78.39% I 70.00% 80.00% 60.00% 70.00% Q 60.00% 50.00% 50.00% U 40.00% 40.00% 30.00% I 30.00% 17.20% 20.00% 9.31% 7.73% 20.00% 9.31% 10.00% 2.79% 1.84% D 10.00% 2.79% 1.84% 0.00% 0.00% -10.00% -0.06% -0.06% -10.00% S Commercial Paper Fixed Deposit Certificate of Deposit C A1+ A1+(SO) Fixed Deposit AAA Sovereign Cash & Cash Equivalent Bonds & NCDs Treasury Bills Cash & Cash Equivalent H INVESTMENT OBJECTIVE PORTFOLIO DETAILS E The Scheme seeks to deliver reasonable market related returns with lower risk and higher Portfolio Holdings Industry/ % to Net Rating Assets M liquidity through portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns. BONDS & NCDs E Listed / awaiting listing on the stock exchanges BENCHMARK IDFC Bank Ltd ICRA AAA 2.79 CRISIL Liquid Fund Index Total 2.79 DATE OF ALLOTMENT MONEY MARKET INSTRUMENTS Certificate of Deposit** July 16, 2008 RBL Bank Limited ICRA A1+ 2.57 FUND MANAGER Punjab & Sind Bank ICRA A1+ 2.18 Vijaya Bank CARE A1+ 2.18 Alok Singh : Managing this fund since May 2014. Around 15 years of experience, including Syndicate Bank CARE A1+ 0.79 10 years in mutual fund industry. Total 7.73 AVERAGE AUM Commercial Paper** Edelweiss Commodities Services Ltd CRISIL A1+ 16.95 ` 1,335.16 Crs. Limited CRISIL A1+ 13.82 LATEST AUM Karvy Stock Broking Ltd ICRA A1+(SO) 12.58 Shapoorji Pallonji and Company Private Ltd ICRA A1+ 9.23 ` 537.04 Crs. Afcons Infrastructure Ltd CRISIL A1+ 4.63 MINIMUM APPLICATION AMOUNT (LUMPSUM) S.D. Corporation Pvt. Ltd CARE A1+(SO) 4.62 India Infoline Finance Ltd CRISIL A1+ 4.62 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Religare Finvest Ltd IND A1+ 4.61 ADDITIONAL PURCHASE AMOUNT IndoStar Capital Finance Ltd CARE A1+ 4.57 National Engineering Industries Ltd CARE A1+ 2.76 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Total 78.39 TOTAL EXPENSE RATIO Fixed Deposits Limited 9.31 Regular Plan: 0.20% Total 9.31 Direct Plan: 0.10% Treasury Bill ^Average Expense Ratio excludes Service Tax on Management Fee Government of India SOV 1.84 Total 1.84 OTHER PARAMETERS (As on MARCH 31, 2016) Cash & Cash Equivalent Average Maturity: 1.51 Months Net Receivables/Payables (0.09) Modified Duration: 0.11 CBLO / Reverse Repo Investments 0.02 Portfolio Yield: 9.26% Total (0.06) NAV (As on MARCH 31, 2016) NAV (`) GRAND TOTAL 100.00 Regular Plan Direct Plan All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating. **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations Growth 1,739.3125 Growth 1,745.0480 and Guidelines. Daily Dividend 1,002.1069 Daily Dividend 1,002.6483 Weekly Dividend 1,002.4578 Weekly Dividend 1,062.7738 # Disclaimer for CRISIL AAAmfs: The assigned rating AAAmfs is valid only for “BOI AXA Liquid Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s LOAD STRUCTURE (FOR ALL PLANS) willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market Entry Load NIL developments. Exit Load NIL The rating indicates that the funds' portfolios will provide 'very strong' protection against losses from credit default. CRISIL's assessment of a rated fund's credit quality is based on For Dividend History please refer page no. 14. the creditworthiness of the fund's portfolio. CRISIL reserves the right to suspend, withdraw or revise the ratings assigned to the scheme at any time on the basis of new information, or For Scheme Performance please refer page no. 15 to 23. unavailability of information or other circumstances, which CRISIL believes, may have an impact on the rating. For detail methodology, please visit CRISIL's website www.crisil.com. Past performance is no guarantee of the future results. $Disclaimer for ICRA AAAmfs: Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.

13 Dividend History

EQUITY FUNDS$ DEBT / INCOME FUNDS

Record Date Dividend/ Unit NAV^ as on Record Date Dividend/ Unit NAV^ as on Declared (in `) Record Date Declared (in `) Record Date

BOI AXA Equity Fund BOI AXA Short Term Income Fund$ Regular Plan - Regular Dividend Institutional Monthly Dividend 29-April-2010 1.00 13.96 27-December-2010 0.043921 10.1575a 18-December-2014 7.00 19.08 27-December-2010 0.040935 10.1575b 28-March-2016 1.00 10.28 25-January-2011 0.043921 10.1704a Regular Plan - Quarterly 25-January-2011 0.040935 10.1704b Dividend 25-February-2011 0.052705 10.1881a 25-March-2014 0.50 12.88 25-February-2011 0.049122 10.1881b 25-June-2014 0.30 15.22 Institutional Quarterly Dividend 25-March-2015 6.40 11.11 29-December-2009 0.1751890 10.2708a Eco Plan - Regular Dividend 29-December-2009 0.1630520 10.2708b 25-March-2014 0.70 14.56 Regular Monthly Dividend 25-March-2015 5.00 14.41 25-January-2016 0.07222599 10.3209a 28-March-2016 1.00 11.90 25-January-2016 0.06691651 10.3209b Eco Plan - Quarterly Dividend 25-February-2016 0.04967639 10.2502a 25-March-2014 0.10 12.47 25-February-2016 0.04602392 10.2502b 25-June-2014 0.30 14.70 28-March-2016 0.05055825 10.3396a 25-March-2015 6.30 10.67 28-March-2016 0.04684154 10.3396b Eco Plan - Annual Dividend Regular Quarterly Dividend 18-December-2014 5.00 18.59 28-September-2015 0.14445103 10.1062a Institutional Plan - 28-December-2015 0.14445196 10.1141a Regular Dividend# 28-March-2016 0.14445278 10.1207a 15-October-2009 1.00 - Direct Monthly Dividend 25-November-2009 1.00 - 25-January-2016 0.03611352 10.3256a 29-April-2010 1.00 - 25-January-2016 0.03345818 10.3256b Institutional Plan - a # 25-February-2016 0.04105076 10.2754 Quarterly Dividend 25-February-2016 0.03803264 10.2754b 25-November-2009 1.00 - 28-March-2016 0.05055764 10.3741a 29-March-2010 1.00 - 28-March-2016 0.04684154 10.3741b 29-April-2010 1.00 - Direct Quarterly Dividend Direct Plan - Regular Dividend 25-June-2013 0.155854 10.2594a 25-March-2014 0.50 14.45 25-June-2013 0.149265 10.2594b 28-March-2016 1.00 11.99 28-March-2016 0.14457839 10.154a Direct Plan - Quarterly Dividend 25-March-2015 6.40 11.89 28-December-2015 0.30 11.00 $ 28-March-2016 0.20 10.19 HYBRID FUND BOI AXA Tax Advantage Fund Record Date Dividend/ Unit NAV^ as on Declared (in `) Record Date Regular Plan 25-March-2014 0.50 14.47 BOI AXA Regular Return Fund 25-March-2015 2.00 18.20 28-March-2016 2.00 14.19 Regular Monthly Dividend Eco Plan 25-January-2016 0.07222696 12.1204a 25-March-2014 1.00 14.70 25-January-2016 0.06688039 12.1204b 25-March-2015 2.00 17.94 a 28-March-2016 2.00 14.07 25-February-2016 0.07222668 11.8339 25-February-2016 0.06688039 11.8339b Direct Plan a 25-March-2015 0.77 20.61 28-March-2016 0.07222666 12.1354 28-March-2016 0.06688039 12.1354b BOI AXA Focused Infrastructure Fund Regular Quarterly Dividend Regular Plan - Quarterly Diidend 28-September-2015 0.21667904 10.8470a 28-September-2015 11.21 0.30 28-December-2015 0.21668007 10.8292a 28-December-2015 11.46 0.25 28-March-2016 0.14445320 10.7140a Regular Annual Dividend HYBRID FUND$ 28-September-2015 0.18056780 10.1259a 28-December-2015 0.14445308 10.1890a Record Date Dividend/ Unit NAV^ as on 28-March-2016 0.10111563 10.1288a Declared (in `) Record Date Regular Plan Regular Dividend 27-May-2013 0.105113 12.1665a BOI AXA Equity Debt Rebalancer Fund 27-May-2013 0.089559 12.1665b 25-June-2013 0.389636 12.0556a Regular Plan - Regular Dividend b a 25-June-2013 0.373162 12.0556 25-September-2014 0.389636 10.5024 a 25-September-2014 0.373162 10.5024b 25-March-2014 0.389636 10.9004 18-December-2014 0.181466 10.7056a 25-March-2014 0.373162 10.9004b 18-December-2014 0.168285 10.7056b a Direct Monthly Dividend 25-March-2015 0.18146626 10.9382 a a 25-January-2016 0.07222284 10.3839 29-June-2015 0.18056668 10.738 a b 25-February-2016 0.07222478 10.1266 29-June-2015 0.16728022 10.738 a 28-September-2015 0.1444532 10.6123a 28-March-2016 0.07222517 10.3729 28-December-2015 0.1444529 10.511a Direct Quarterly Dividend 28-December-2015 0.13383191 10.511b a a 28-September-2015 0.21669959 10.8778 28-March-2016 0.14445300 10.2233 a b 28-December-2015 0.21678444 10.8687 28-March-2016 0.1338327 10.2233 a 28-March-2016 0.14444612 10.7615 Direct Plan - Regular Dividend a Direct Annual Dividend 29-June-2015 0.1805444 11.878 a a 18-December-2014 0.0181466 11.0972 28-September-2015 0.14443869 11.7682 b 28-December-2015 0.14445591 11.6869a 18-December-2014 0.0168285 11.0972 28-March-2016 0.14445587 11.3988a Eco Monthly Dividend 25-March-2010 0.116891 11.0573a $ Face Value - ` 10/- 25-March-2010 0.111949 11.0573b ^Pursuant to payment of dividend, NAV of the Dividend Option of the Plan/ Eco Quarterly Dividend 28-September-2015 0.21678958 10.0679a Scheme falls to the extent of such dividend payment and applicable statutory levy a 28-December-2015 0.10824459 10.1800 (taxes, levies, cess etc.), if any. 28-March-2016 0.10124858 10.1199a #Since there are no investors in BOI AXA Equity Fund - Institutional Plan - Regular Eco Plan Regular Dividend a Dividend and Institutional Plan - Quarterly Dividend the data of NAV as on record 26-December-2012 0.440456 13.1164 26-December-2012 0.377515 13.1164b date is not provided a 25-March-2013 0.440456 12.5487 aIndividual/ HUFs. bOthers. Past performance may or may no be sustained in 25-March-2013 0.377515 12.5487b a the future. 25-March-2014 0.779271 11.5826 25-March-2014 0.746324 11.5826b For complete Dividend History please visit www.boiaxa-im.com 14 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Equity Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional Unit (`) Scheme Returns Benchmark David Pezarkar Period (Face Returns (Nifty 50) Returns Value (%) ^ (%) (%) • BOI AXA Equity Fund ` 10) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 25.69 13.5029% 12.4214% N.A. Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 25.69 -9.8656% -8.8404% N.A. • BOI AXA Tax Advantage Fund 28.51 37.7960% 26.6519% N.A. March 31, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 31, 2014 (Absolute) 20.69 20.3874% 17.8198% N.A.

Scheme Benchmark Additional Alok Singh (`) (Nifty 50) Benchmark • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the (`) (`)

25,690 23,922 N.A. • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. *Date of Allotment - October 21, 2008. • BOI AXA Short Term Income Fund #NAV as on the last date of the respective periods above. • BOI AXA Treasury Advantage Fund BOI AXA Equity Fund - Direct Plan - Growth Option PERFORMANCE (as on March 31, 2016) • BOI AXA Liquid Fund Piyush Baranwal

NAV# Per Benchmark Additional • BOI AXA Equity Debt Rebalancer Fund Unit (`) Scheme Returns Benchmark (For Debt portion) Period (Face Returns (Nifty 50) Returns (%) Value (%) ^ (%) • BOI AXA Treasury Advantage Fund ` 10)

Since inception* till March 31, 2016 (CAGR) 26.58 11.7346% 8.1898% N.A. Notes

March 31, 2015 to March 31, 2016 (Absolute) 26.58 -8.6059% -8.8404% N.A. 1. The details & returns for close ended schemes have not been disclosed as these March 31, 2014 to March 31, 2015 (Absolute) 29.09 39.2532% 26.6519% N.A. are not comparable with other schemes.

March 28, 2013 to March 31, 2014 (Absolute) 20.89 21.5416% 17.8198% N.A. 2. Returns of only those schemes that have completed one year has been given. Scheme (`) Benchmark Additional (Nifty 50) Benchmark **Name of the fund has been changed from Current Value of Standard Investment of ` 10,000 in the (`) (`) BOI AXA Focused Infrastructure Fund to BOI AXA Manufacturing & Infrastructure Fund 14,337 12,912 N.A. w.e.f. January 19, 2016. ^ Past performance may or may not be sustained in the future. *Date of Allotment - January 2, 2013. #NAV as on the last date of the respective periods above.

PERFORMANCE CHART PERFORMANCE CHART 400 180 350 160 300 140 120 250 100 200 80 150 60 100 40 50 20 0 0 y-13 eb-15 1-Jan-13 5-Jul-13 5-Jun-14 3-Sep-15 1-Apr-14 15-Jul-13 6-Jan-13 9-Aug-14 7-Nov-15 1-Jan-14 7-Mar-13 3-Oct-13 8-Oct-12 6-Apr-13 1-Apr-14 11-Jan-16 26-Jan-14 10-Jul-12 16-Jul-11 26-Jul-09 30-Jun-15 21-Jul-10 13-Oct-14 26-Apr-15 20-F 18-Sep-13 17-Dec-14 12-Jan-12 17-Jan-11 27-Jan-09 22-Nov-13 22-Jan-10 25-Jun-15 30-Jun-14 14-Oct-11 16-Mar-16 24-Oct-09 29-Oct-08 19-Oct-10 11-Apr-12 17-Apr-11 27-Apr-09 22-Apr-10 23-Sep-15 11-Ma 28-Sep-14 22-Dec-15 27-Dec-14 27-Mar-15 21-Mar-16 BOI AXA Equity Fund - Regular Plan - Nifty 50 BOI AXA Equity Fund - Direct Plan - Nifty 50 Growth Option Growth Option

15 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Manufacturing & Infrastructure Fund - Regular Plan - Growth Option - PERFORMANCE (as on March 31, 2016)

NAV# Per Unit Scheme Returns Benchmark Additional Period (`) (Face (%) ^ Returns # (%) Benchmark Value ` 10) Returns## (%) Fund Managers: Since inception* (Jan 19, '16) till March 31, 2016 (CAGR) 11.07 2.3105% 3.4011% 4.0793% Additional Benchmark## Scheme (`) Benchmark# David Pezarkar Current Value of Standard Investment of ` 10,000 in the (`) (`) 10,231 10,340 10,408 • BOI AXA Equity Fund ^ Past performance may or may not be sustained in the future. # S&P BSE India Manufacturing Index (50%) and S&P BSE India Infrastructure Index (50%) # # Nifty 50 BOI AXA Focused Infrastructure Fund was launched on March 5, 2010. Subsequently the key features of the Scheme have been changed w.e.f January 19, 2016. • BOI AXA Focused Infrastructure Fund** *Accordingly, the performance in the first table above is calculated from Jan 19, 2016 and the Scheme was renamed as BOI AXA Manufacturing & Infrastructure Fund. Saurabh Kataria BOI AXA Focused Infrastructure Fund** - Regular Plan - Growth Option - PERFORMANCE (as on March 31, 2016) • BOI AXA Tax Advantage Fund NAV# Per Scheme Returns Benchmark Additional Unit (`) (%) ^ Returns Benchmark Period (Face (Nifty Returns (Nifty • BOI AXA Equity Debt Rebalancer Fund Value Infrastructure Infrastructure) ` 10) Index) (%) (%) (for Equity portion) Since inception* (March 5, '10) till December 31, 2015 (CAGR) 12.06 3.2649% -3.4293% 7.9444% Alok Singh December 31, 2014 to December 31, 2015 (Absolute) 12.06 0.3328% -8.9083% -4.0609% December 31, 2013 to December 31, 2014 (Absolute) 12.02 54.1026% 22.7057% 31.3880% • BOI AXA Regular Return Fund December 31, 2012 to December 31, 2013 (Absolute) 7.80 -7.2533% -4.1644% 6.7552% Scheme (`) Benchmark (Nifty Additional Benchmark • BOI AXA Corporate Credit Spectrum Infrastructure (Nifty Infrastructure) Fund Current Value of Standard Investment of ` 10,000 in the Index) (`) (`) 12,060 8,159 15,616 • BOI AXA Short Term Income Fund ^ Past performance may or may not be sustained in the future. *Date of Allotment - March 5, 2010. #NAV as on the last date of the respective periods above. • BOI AXA Treasury Advantage Fund BOI AXA Manufacturing & Infrastructure Fund - Direct Plan - Growth Option - PERFORMANCE (as on March 31, 2016) • BOI AXA Liquid Fund NAV# Per Unit Scheme Returns Benchmark Additional Period (`) (Face (%) ^ Returns # (%) Benchmark Piyush Baranwal Value ` 10) Returns## (%) Since inception* (Jan 19, '16) till March 31, 2016 (CAGR) 11.45 2.5986% 3.4011% 4.0793% • BOI AXA Equity Debt Rebalancer Fund Scheme (`) Benchmark# Additional Benchmark## (For Debt portion) Current Value of Standard Investment of ` 10,000 in the (`) (`) 10,260 10,340 10,408 • BOI AXA Treasury Advantage Fund ^ Past performance may or may not be sustained in the future. # S&P BSE India Manufacturing Index (50%) and S&P BSE India Infrastructure Index (50%) # # Nifty 50 BOI AXA Focused Infrastructure Fund was launched on March 5, 2010. Subsequently the key features of the Scheme have been changed w.e.f January 19, 2016. *Accordingly, the performance in the first table above is calculated from Jan 19, 2016 and the Scheme was renamed as BOI AXA Manufacturing & Infrastructure Fund. Notes BOI AXA Focused Infrastructure Fund** - Direct Plan - Growth Option - PERFORMANCE (as on March 31, 2016) 1. The details & returns for close ended NAV# Per Scheme Returns Benchmark Additional schemes have not been disclosed as these Unit (`) (%) ^ Returns Benchmark Period (Face (Nifty Returns (Nifty are not comparable with other schemes. Value Infrastructure Infrastructure) ` 10) Index) (%) (%) 2. Returns of only those schemes that have Since inception* (March 5, '10) till December 31, 2015 (CAGR) 12.43 13.2527% 1.6089% 9.8683% completed one year has been given. December 31, 2014 to December 31, 2015 (Absolute) 12.43 1.8018% -8.9083% -4.0609% December 31, 2013 to December 31, 2014 (Absolute) 12.21 55.5414% 22.7057% 31.3880% December 31, 2012 to December 31, 2013 (Absolute) 7.85 N.A. N.A. N.A. Scheme (`) Benchmark (Nifty Additional Benchmark Infrastructure (Nifty Infrastructure) Current Value of Standard Investment of ` 10,000 in the Index) (`) (`) 14,521 10,490 13,259

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 2, 2013. #NAV as on the last date of the respective periods above. **BOI AXA Focused Infrastructure Fund was launched on March 5, 2010. Subsequently the key features of the Scheme have been changed w.e.f January 19, 2016 and the Scheme was renamed as BOI AXA Manufacturing & Infrastructure Fund. PERFORMANCE CHART PERFORMANCE CHART 140 180 120 160 140 100 120 80 100 60 80 40 60 40 20 20 0 0 y-11 y-14 y-13 eb-11 eb-14 eb-15 7-Jul-12 3-Jan-16 3-Jun-10 5-Sep-13 1-Jan-13 2-Aug-11 17-Jul-15 5-Jun-14 4-Nov-14 3-Sep-15 1-Apr-14 15-Jul-13 9-Ma 9-Aug-14 7-Nov-15 28-Jan-15 19-Jan-12 7-Mar-13 12-Jun-13 10-Oct-15 26-Oct-11 23-Apr-15 13-Apr-12 13-F 30-Sep-12 22-F 11-Jan-16 24-Dec-12 26-Jan-14 30-Jun-15 27-Aug-10 11-Aug-14 29-Nov-13 13-Oct-14 26-Apr-15 20-Nov-10 20-F 18-Sep-13 19-Mar-13 28-Mar-16 10-Mar-10 17-Dec-14 18-Ma 22-Nov-13 16-Mar-16 11-Ma BOI Manufacturing & Infrastructure Fund Benchmark* BOI Manufacturing & Infrastructure Fund Benchmark* Fund** - Regular Plan - Growth Option Fund** - Direct Plan - Growth Option

* Fund Benchmark: Since inception to Jan 18, 2016: Nifty Infrastructure Index; Jan 19, 2016 to current: S&P BSE Infrastructure Index (50%) & S&P BSE Manufacturing Index (50%) 16 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Tax Advantage Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional Unit (`) Scheme Returns Benchmark David Pezarkar Period (Face Returns (Nifty 50) Returns Value (%) ^ (%) (%) • BOI AXA Equity Fund ` 10) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 34.92 19.2544% 15.6098% N.A. Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 34.92 -9.9741% -8.8404% N.A. • BOI AXA Tax Advantage Fund 38.80 43.8636% 26.6519% N.A. March 31, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 31, 2014 (Absolute) 26.97 23.5011% 17.8198% N.A.

Scheme Benchmark Additional Alok Singh (`) (Nifty 50) Benchmark • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the (`) (`)

34,920 28,012 N.A. • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. • BOI AXA Short Term Income Fund *Date of Allotment - February 25, 2009. #NAV as on the last date of the respective periods above. • BOI AXA Treasury Advantage Fund BOI AXA Tax Advantage Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal

• BOI AXA Equity Debt Rebalancer Fund NAV# Per Benchmark Additional (For Debt portion) Unit (`) Scheme Returns Benchmark Period (Face Returns (Nifty 50) Returns • BOI AXA Treasury Advantage Fund Value (%) ^ (%) (%) ` 10) Notes Since inception* till March 31, 2016 (CAGR) 36.44 14.4670% 8.1898% N.A. 1. The details & returns for close ended March 31, 2015 to March 31, 2016 (Absolute) 36.44 -8.4889% -8.8404% N.A. schemes have not been disclosed as these are not comparable with other schemes. March 31, 2014 to March 31, 2015 (Absolute) 39.83 45.6307% 26.6519% N.A. 2. Returns of only those schemes that have March 28, 2013 to March 31, 2014 (Absolute) 27.35 24.5470% 17.8198% N.A. completed one year has been given.

Scheme Benchmark Additional **Name of the fund has been changed from (`) (Nifty 50) Benchmark BOI AXA Focused Infrastructure Fund to BOI Current Value of Standard Investment of ` 10,000 in the (`) (`) AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. 15,506 12,912 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 2, 2013. #NAV as on the last date of the respective periods above.

PERFORMANCE CHART PERFORMANCE CHART 450 200 400 180 350 160 300 140 250 120 100 200 80 150 60 100 40 50 20 0 0 y-09 y-13 eb-09 eb-15 7-Jun-12 5-Jun-11 2-Jun-10 1-Jan-13 7-Sep-12 5-Sep-11 5-Jun-14 2-Sep-10 8-Dec-12 6-Dec-11 3-Dec-10 3-Sep-15 1-Apr-14 15-Jul-13 7-Mar-12 5-Mar-11 9-Aug-14 2-Mar-10 7-Nov-15 7-Mar-13 10-Jun-13 16-Jun-15 13-Jun-14 11-Jan-16 26-Jan-14 30-Jun-15 27-F 10-Sep-13 16-Sep-15 13-Sep-14 11-Dec-13 17-Dec-15 13-Oct-14 26-Apr-15 14-Dec-14 20-F 18-Sep-13 30-Aug-09 30-Nov-09 17-Dec-14 10-Mar-13 16-Mar-15 18-Mar-16 13-Mar-14 22-Nov-13 30-Ma 16-Mar-16 11-Ma BOI AXA Tax Advantage Fund - Nifty 50 BOI AXA Tax Advantage Fund - Nifty 50 Regular Plan - Growth Option Direct Plan - Growth Option

17 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Regular Return Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional Unit (`) Scheme Returns Benchmark David Pezarkar Period (Face Returns (CRISIL MIP Returns ** Value (%) ^ Blended (%) • BOI AXA Equity Fund Index) (%) ` 10) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 17.1502 7.9590% 9.0965% N.A. Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 17.1502 5.6428% 5.6526% N.A. • BOI AXA Tax Advantage Fund 16.2317 14.6300% 16.3931% N.A. March 28, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 28, 2014 (Absolute) 14.1442 9.2697% 6.4350% N.A.

Scheme Benchmark Additional Alok Singh (`) (CRISIL MIP Benchmark • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the Blended Index) (`) (`)

17,150 18,464 N.A. • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. *Date of Allotment - March 18, 2009. #NAV as on the • BOI AXA Short Term Income Fund last date of the respective periods above. **The returns for Additional Benchmark in respect of MIP will be published as and when made available by market data providers. • BOI AXA Treasury Advantage Fund BOI AXA Regular Return Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal

• BOI AXA Equity Debt Rebalancer Fund NAV# Per Benchmark Additional (For Debt portion) Unit (`) Scheme Returns Benchmark Period (Face Returns (CRISIL MIP Returns ** • BOI AXA Treasury Advantage Fund Value (%) ^ Blended (%) ` 10) Index) (%) Notes Since inception* till March 31, 2016 (CAGR) 17.3311 9.3762% 8.7381% N.A. 1. The details & returns for close ended March 31, 2015 to March 31, 2016 (Absolute) 17.3311 6.0737% 5.6526% N.A. schemes have not been disclosed as these are not comparable with other schemes. March 28, 2014 to March 31, 2015 (Absolute) 16.3361 15.0072% 16.3931% N.A. 2. Returns of only those schemes that have March 28, 2013 to March 28, 2014 (Absolute) 14.1881 9.5589% 6.4350% N.A. completed one year has been given.

Scheme Benchmark Additional **Name of the fund has been changed from (`) (CRISIL MIP Benchmark BOI AXA Focused Infrastructure Fund to BOI Current Value of Standard Investment of ` 10,000 in the Blended Index) (`) (`) AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. 13,338 13,089 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 14, 2013. #NAV as on the last date of the respective periods above. **The returns for Additional Benchmark in respect of MIP will be published as and when made available by market data providers.

PERFORMANCE CHART PERFORMANCE CHART 200 140 180 120 160 140 100 120 80 100 80 60 60 40 40 20 20 0 0 y-13 y-15 y-10 y-13 eb-13 eb-15 4-Jan-12 7-Sep-13 2-Dec-15 26-Jul-12 10-Jul-14 5-Nov-12 4-Mar-11 1-Jan-13 5-Jun-14 2-Ma 30-Jan-15 3-Sep-15 1-Apr-14 20-Jan-10 14-Jun-11 30-Jun-09 10-Oct-09 15-Jul-13 20-Oct-14 15-Apr-12 15-F 9-Aug-14 7-Nov-15 24-Sep-11 18-Dec-13 7-Mar-13 22-Aug-15 12-Aug-10 22-Nov-10 20-Mar-09 13-Mar-16 30-Mar-14 11-Jan-16 26-Jan-14 30-Jun-15 28-Ma 12-Ma 13-Oct-14 26-Apr-15 20-F 18-Sep-13 17-Dec-14 22-Nov-13 16-Mar-16 11-Ma BOI AXA Regular Return Fund - CRISIL MIP Blended BOI AXA Regular Return Fund - CRISIL MIP Blended Regular Plan - Growth Option Index Direct Plan - Growth Option Index

18 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Equity Debt Rebalancer Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional ## Unit (`) Scheme Returns Benchmark David Pezarkar Period (Face Returns Returns Value (%) ^ (%) • BOI AXA Equity Fund ` 10) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 12.5505 11.7067% 9.1614% N.A. Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 12.5505 2.0334% -0.1992% N.A. • BOI AXA Tax Advantage Fund 12.2997 21.0962% 18.4393% N.A. March 28, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 28, 2014 (Absolute) 10.1410 N.A. N.A. N.A.

Scheme Benchmark## Additional Alok Singh (`) (`) Benchmark • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the (`)

12,551 11,971 N.A. • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. *Date of Allotment - March 14, 2014. • BOI AXA Short Term Income Fund #NAV as on the last date of the respective periods above. ##Nifty 50 (50%) & CRISIL Short Term Bond Fund Index (50%) • BOI AXA Treasury Advantage Fund BOI AXA Equity Debt Rebalancer Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal

• BOI AXA Equity Debt Rebalancer Fund NAV# Per Benchmark Additional (For Debt portion) Unit (`) Scheme Returns## Benchmark Period (Face Returns Returns ** • BOI AXA Treasury Advantage Fund Value (%) ^ (%) ` 10) Notes Since inception* till March 31, 2016 (CAGR) 12.6441 12.1119% 9.1614% N.A. 1. The details & returns for close ended March 31, 2015 to March 31, 2016 (Absolute) 12.6441 2.4327% -0.1992% N.A. schemes have not been disclosed as these are not comparable with other schemes. March 28, 2014 to March 31, 2015 (Absolute) 12.3430 21.5059% 18.4393% N.A. 2. Returns of only those schemes that have March 28, 2013 to March 28, 2014 (Absolute) 10.1421 N.A. N.A. N.A. completed one year has been given.

## Scheme Benchmark Additional **Name of the fund has been changed from (`) (`) Benchmark BOI AXA Focused Infrastructure Fund to BOI Current Value of Standard Investment of ` 10,000 in the (`) AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. 12,644 11,971 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - March 14, 2014. #NAV as on the last date of the respective periods above. ##Nifty 50 (50%) & CRISIL Short Term Bond Fund Index (50%)

PERFORMANCE CHART PERFORMANCE CHART 140 140 120 120 100 100 80 80 60 60 40 40 20 20 0 0 y-15 y-15 y-14 y-14 5-Jul-15 6-Jul-14 8-Dec-15 9-Dec-14 17-Jul-15 22-Jul-14 30-Jan-15 29-Jan-16 18-Jan-15 13-Jan-16 17-Oct-15 18-Oct-14 15-Sep-15 20-Sep-14 26-Aug-15 27-Aug-14 14-Nov-15 19-Nov-14 23-Mar-15 21-Mar-16 19-Mar-15 24-Mar-14 13-Mar-16 24-Mar-14 14-Ma 18-Ma 15-Ma 23-Ma BOI AXA Equity Debt Rebalancer Nifty 50 (50%) & CRISIL Short BOI AXA Equity Debt Rebalancer Nifty 50 (50%) & CRISIL Short Fund - Regular Plan - Growth Option Term Bond Fund Index (50%) Fund - Direct Plan - Growth Option Term Bond Fund Index (50%)

19 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Treasury Advantage Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional Unit (`) Scheme Returns Benchmark David Pezarkar Period (Face Returns (CRISIL Liquid Returns Value (%) ^ Fund Index) (CRISIL 91 Day • BOI AXA Equity Fund (%) T-Bill Index) (%) ` 1,000) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 1788.0879 7.8236% 7.7264% 6.6608% Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 1788.0879 8.7090% 8.0362% 7.8092% • BOI AXA Tax Advantage Fund 1644.4629 9.0417% 8.9813% 8.8445% March 28, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 28, 2014 (Absolute) 1507.0317 9.3855% 9.4611% 8.5831%

Scheme Benchmark Additional Benchmark Alok Singh (`) (CRISIL Liquid (CRISIL 91 Day • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the Fund Index) (`) T-Bill Index) (`)

17,881 17,757 16,446 • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. • BOI AXA Short Term Income Fund *Date of Allotment - July 16, 2008. #NAV as on the last date of the respective periods above. • BOI AXA Treasury Advantage Fund BOI AXA Treasury Advantage Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal

• BOI AXA Equity Debt Rebalancer Fund # Scheme Benchmark Additional NAV Per (For Debt portion) Unit (`) Returns Returns Benchmark (Face (%) ^ (CRISIL Returns Period • BOI AXA Treasury Advantage Fund Value Liquid (CRISIL 91 ` 1,000) Fund Day T-Bill Index) (%) Index) (%) Notes Since inception* till March 31, 2016 (CAGR) 1803.8667 9.3556% 8.7725% 8.3947% 1. The details & returns for close ended March 31, 2015 to March 31, 2016 (Absolute) 1803.8667 8.9737% 8.0362% 7.8092% schemes have not been disclosed as these are not comparable with other schemes. March 28, 2014 to March 31, 2015 (Absolute) 1654.9328 9.3168% 8.9813% 8.8445% 2. Returns of only those schemes that have March 28, 2013 to March 28, 2014 (Absolute) 1512.7795 9.7882% 9.4611% 8.5831% completed one year has been given.

Scheme Benchmark Additional Benchmark **Name of the fund has been changed from (`) (CRISIL Liquid (CRISIL 91 Day BOI AXA Focused Infrastructure Fund to BOI Current Value of Standard Investment of ` 10,000 in the Fund Index) (`) T-Bill Index) (`) AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. 13,366 13,136 12,989

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 3, 2013. #NAV as on the last date of the respective periods above.

PERFORMANCE CHART PERFORMANCE CHART 200 140 180 160 120 140 100 120 80 100 80 60 60 40 40 20 20 0 0 y-15 y-12 y-09 y-13 eb-15 eb-12 eb-09 eb-15 4-Jan-11 8-Jan-14 8-F 3-F 1-Jan-13 9-Dec-15 4-Dec-12 23-Jul-11 18-Jul-08 5-Jun-14 27-Jul-14 4-Nov-14 3-Sep-15 1-Apr-14 15-Jul-13 9-Aug-14 7-Nov-15 22-Jun-13 7-Mar-13 18-Jun-10 31-Oct-11 26-Oct-08 14-Apr-11 12-F 30-Sep-13 18-Apr-14 26-Sep-10 11-Jan-16 26-Jan-14 31-Aug-15 30-Jun-15 26-Aug-12 22-Aug-09 30-Nov-09 13-Oct-14 26-Apr-15 20-F 14-Mar-13 18-Sep-13 18-Mar-16 10-Mar-10 23-Ma 17-Dec-14 18-Ma 14-Ma 22-Nov-13 16-Mar-16 11-Ma BOI AXA Treasury Advantage Fund - CRISIL Liquid BOI AXA Treasury Advantage Fund - CRISIL Liquid Regular Plan - Growth Option Fund Index Direct Plan - Growth Option Fund Index

20 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Short Term Income Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional Unit (`) Scheme Returns (CRISIL Benchmark David Pezarkar Period (Face Returns Short Term Returns (CRISIL Value (%) ^ Bond Fund 1 Year T-Bill • BOI AXA Equity Fund Index) (%) Index) (%) ` 10) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 16.3350 6.9628% 8.0271% 6.1949% Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 16.3350 8.7626% 8.4421% 7.6712% • BOI AXA Tax Advantage Fund 15.0155 9.5266% 10.3150% 8.7414% March 28, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 28, 2014 (Absolute) 13.6992 7.2496% 8.7810% 5.7674%

Scheme Benchmark Additional Benchmark Alok Singh (`) (CRISIL Short Term (CRISIL 1 Year Current Value of Standard Investment of ` 10,000 in the Bond Fund Index) T-Bill Index) • BOI AXA Regular Return Fund (`) (`) 16,335 17,558 15,499 • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. • BOI AXA Short Term Income Fund *Date of Allotment - December 18, 2008. #NAV as on the last date of the respective periods above. • BOI AXA Treasury Advantage Fund BOI AXA Short Term Income Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal

• BOI AXA Equity Debt Rebalancer Fund # Scheme Benchmark Additional NAV Per (For Debt portion) Unit (`) Returns Returns Benchmark (Face (%) ^ (CRISIL Returns Period • BOI AXA Treasury Advantage Fund Value Short Term (CRISIL 1 ` 10) Bond Fund Year T-Bill Index) (%) Index) (%) Notes Since inception* till March 31, 2016 (CAGR) 16.8458 9.5139% 9.0996% 7.4546% 1. The details & returns for close ended March 31, 2015 to March 31, 2016 (Absolute) 16.8458 9.8245% 8.4421% 7.6712% schemes have not been disclosed as these are not comparable with other schemes. March 28, 2014 to March 31, 2015 (Absolute) 15.3349 10.5906% 10.3150% 8.7414% 2. Returns of only those schemes that have March 28, 2013 to March 28, 2014 (Absolute) 13.8549 8.2524% 8.7810% 5.7674% completed one year has been given.

Scheme Benchmark Additional Benchmark **Name of the fund has been changed from (`) (CRISIL Short (CRISIL 1 Year BOI AXA Focused Infrastructure Fund to BOI Term Bond Fund T-Bill Index) Current Value of Standard Investment of ` 10,000 in the Index) (`) (`) AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. 13,429 13,265 12,627

^ Past performance may or may not be sustained in the future. *Date of Allotment - January 3, 2013. #NAV as on the last date of the respective periods above.

PERFORMANCE CHART PERFORMANCE CHART

200 160 180 140 160 140 120 120 100 100 80 80 60 60 40 40 20 20 0 0 y-13 y-10 y-13 eb-10 eb-14 eb-15 1-Jan-12 1-Jan-13 8-Oct-11 5-Jun-14 5-Apr-15 3-Sep-09 4-F 3-Sep-15 1-Apr-14 6-Dec-12 15-Jul-11 9-Aug-10 24-Jul-14 15-Jul-13 2-Nov-10 9-Aug-14 7-Nov-15 1-Mar-13 7-Mar-13 10-Jan-15 26-Jan-11 29-Jun-15 19-Jun-12 10-Jun-09 11-Jan-16 26-Jan-14 30-Jun-15 17-Oct-14 21-Apr-11 22-Sep-15 30-Apr-14 12-Sep-12 20-F 13-Oct-14 26-Apr-15 20-F 18-Sep-13 16-Dec-15 22-Dec-08 18-Aug-13 17-Dec-14 11-Nov-13 27-Nov-09 22-Nov-13 26-Mar-12 17-Mar-09 10-Mar-16 16-Mar-16 25-Ma 16-Ma 11-Ma BOI AXA Short Term Income Fund - CRISIL Short Term BOI AXA Short Term Income Fund - CRISIL Short Term Regular Plan - Growth Option Bond Fund Index Direct Plan - Growth Option Bond Fund Index

21 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Liquid Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: NAV# Per Benchmark Additional Unit (`) Scheme Returns Benchmark David Pezarkar Period (Face Returns (CRISIL Returns (CRISIL Value (%) ^ Liquid Fund 91 Day T-Bill • BOI AXA Equity Fund ` 1,000) Index) (%) Index) (%) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 1739.3125 7.4377% 7.7264% 6.6608% March 31, 2015 to March 31, 2016 (Absolute) 1739.3125 8.1163% 8.0362% 7.8092% Saurabh Kataria March 28, 2014 to March 31, 2015 (Absolute) 1608.3980 8.9563% 8.9813% 8.8445% • BOI AXA Tax Advantage Fund March 28, 2013 to March 28, 2014 (Absolute) 1475.1460 9.3626% 9.4611% 8.5831% 7 Days (Simple Annualized) 1739.3125 10.4085% 13.6508% 7.2537% • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) 15 Days (Simple Annualized) 1739.3125 9.5331% 10.9468% 7.4024% 30 Days (Simple Annualized) 1739.3125 8.7459% 9.8533% 7.2727% Alok Singh Scheme Benchmark Additional Benchmark (`) (CRISIL Liquid (CRISIL 91 Day T-Bill • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the Fund Index) (`) Index) (`) • BOI AXA Corporate Credit Spectrum 17,393 17,757 16,446 Fund ^ Past performance may or may not be sustained in the future. *Date of Allotment - July 16, 2008. • BOI AXA Short Term Income Fund #NAV as on the last date of the respective periods above. • BOI AXA Treasury Advantage Fund

BOI AXA Liquid Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal NAV# Per Benchmark Additional • BOI AXA Equity Debt Rebalancer Fund Unit (`) Scheme Returns Benchmark (For Debt portion) Period (Face Returns (CRISIL Returns (CRISIL Value (%) ^ Liquid Fund 91 Day T-Bill • BOI AXA Treasury Advantage Fund ` 1,000) Index) (%) Index) (%) Since inception* till March 31, 2016 (CAGR) 1745.0480 8.9099% 8.7702% 8.3983% March 31, 2015 to March 31, 2016 (Absolute) 1745.0480 8.2319% 8.0362% 7.8092% Notes March 28, 2014 to March 31, 2015 (Absolute) 1611.9732 9.0735% 8.9813% 8.8445% 1. The details & returns for close ended March 28, 2013 to March 28, 2014 (Absolute) 1476.8231 9.4730% 9.4611% 8.5831% schemes have not been disclosed as these 7 Days (Simple Annualized) 1745.0480 10.5192% 13.6508% 7.2537% are not comparable with other schemes. 15 Days (Simple Annualized) 1745.0480 9.6457% 10.9468% 7.4024% 2. Returns of only those schemes that have 30 Days (Simple Annualized) 1745.0480 8.8605% 9.8533% 7.2727% completed one year has been given. Scheme Benchmark Additional Benchmark (`) (CRISIL Liquid (CRISIL 91 Day T-Bill **Name of the fund has been changed from Current Value of Standard Investment of ` 10,000 in the Fund Index) (`) Index) (`) BOI AXA Focused Infrastructure Fund to BOI 13,199 13,144 12,999 AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. ^ Past performance may or may not be sustained in the future. *Date of Allotment - December 31, 2012. #NAV as on the last date of the respective periods above.

PERFORMANCE CHART PERFORMANCE CHART

200 140 180 120 160 140 100 120 80 100 60 80 60 40 40 20 20 0 0 y-13 y-15 y-12 y-09 eb-15 eb-15 eb-12 eb-09 4-Jun-14 2-Sep-15 4-Jan-11 14-Jul-13 8-Jan-14 8-Aug-14 6-Nov-15 6-Mar-13 8-F 3-F 9-Dec-15 4-Dec-12 23-Jul-11 18-Jul-08 10-Jan-16 27-Jul-14 25-Jan-14 29-Jun-15 4-Nov-14 12-Oct-14 25-Apr-15 19-F 17-Sep-13 31-Dec-12 16-Dec-14 22-Jun-13 21-Nov-13 18-Jun-10 31-Oct-11 26-Oct-08 15-Mar-16 14-Apr-11 31-Mar-14 12-F 30-Sep-13 18-Apr-14 26-Sep-10 10-Ma 31-Aug-15 26-Aug-12 22-Aug-09 30-Nov-09 14-Mar-13 18-Mar-16 10-Mar-10 23-Ma 18-Ma 14-Ma BOI AXA Liquid Fund - Regular Plan - CRISIL Liquid BOI AXA Liquid Fund - Direct Plan - CRISIL Liquid Growth Option Fund Index Growth Option Fund Index

22 Scheme Performance All data as on March 31, 2016 (Unless indicated otherwise)

BOI AXA Corporate Credit Spectrum Fund - Regular Plan - Growth Option PERFORMANCE (as on March 31, 2016) Fund Managers: # NAV Per Additional Scheme Benchmark David Pezarkar Unit (`) Benchmark Period Returns Returns# (Face Returns (%) ^ (%) • BOI AXA Equity Fund Value (%) ` 10) • BOI AXA Focused Infrastructure Fund** Since inception* till March 31, 2016 (CAGR) 11.0117 9.2164% 8.1999% N.A. Saurabh Kataria March 31, 2015 to March 31, 2016 (Absolute) 11.0117 9.3454% 8.2154% N.A. • BOI AXA Tax Advantage Fund 10.0693 N.A. N.A. N.A. March 28, 2014 to March 31, 2015 (Absolute) • BOI AXA Equity Debt Rebalancer Fund (for Equity portion) March 28, 2013 to March 28, 2014 (Absolute) N.A. N.A. N.A. N.A.

Scheme Benchmark# Additional Alok Singh (`) (`) Benchmark • BOI AXA Regular Return Fund Current Value of Standard Investment of ` 10,000 in the (`)

11,012 10,900 N.A. • BOI AXA Corporate Credit Spectrum Fund ^ Past performance may or may not be sustained in the future. • BOI AXA Short Term Income Fund *Date of Allotment - February 27, 2015 # CRISIL Composite Bond Fund Index • BOI AXA Treasury Advantage Fund BOI AXA Corporate Credit Spectrum Fund - Direct Plan - Growth Option • BOI AXA Liquid Fund PERFORMANCE (as on March 31, 2016) Piyush Baranwal

• BOI AXA Equity Debt Rebalancer Fund # Scheme NAV Per (For Debt portion) Returns Additional Unit (`) Benchmark (%) ^ Benchmark (Face Returns# • BOI AXA Treasury Advantage Fund Period Returns Value (%) ` 1,000) (%)

Notes Since inception* till March 31, 2016 (CAGR) 11.0261 9.3470% 8.1999% N.A. 1. The details & returns for close ended March 31, 2015 to March 31, 2016 (Absolute) 11.0261 9.4750% 8.2154% N.A. schemes have not been disclosed as these are not comparable with other schemes. March 28, 2014 to March 31, 2015 (Absolute) 10.0693 N.A. N.A. N.A. 2. Returns of only those schemes that have March 28, 2013 to March 28, 2014 (Absolute) N.A. N.A. N.A. N.A. completed one year has been given.

Scheme Benchmark# Additional **Name of the fund has been changed from (`) (`) Benchmark BOI AXA Focused Infrastructure Fund to BOI Current Value of Standard Investment of ` 10,000 in the (`) AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. 11,026 10,900 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - February 27, 2015 # CRISIL Composite Bond Fund Index

PERFORMANCE CHART PERFORMANCE CHART 140 140 120 120 100 100 80 80 60 60 40 40 20 20 0 0 y-15 y-15 y-15 y-15 eb-15 eb-15 eb-16 eb-16 eb-16 eb-16 8-Jan-16 8-Jan-16 7-F 7-F 9-Dec-15 9-Dec-15 12-Jul-15 27-Jul-15 12-Jul-15 27-Jul-15 9-Nov-15 9-Nov-15 8-Mar-16 8-Mar-16 23-Jan-16 23-Jan-16 12-Jun-15 27-Jun-15 12-Jun-15 27-Jun-15 10-Oct-15 25-Oct-15 10-Oct-15 25-Oct-15 13-Apr-15 28-Apr-15 13-Apr-15 28-Apr-15 27-F 27-F 10-Sep-15 25-Sep-15 22-F 10-Sep-15 25-Sep-15 22-F 24-Dec-15 24-Dec-15 11-Aug-15 26-Aug-15 11-Aug-15 26-Aug-15 24-Nov-15 24-Nov-15 14-Mar-15 29-Mar-15 14-Mar-15 29-Mar-15 23-Mar-16 23-Mar-16 13-Ma 28-Ma 13-Ma 28-Ma BOI AXA Corporate Credit Spectrum Fund - CRISIL Composite Bond BOI AXA Corporate Credit Spectrum Fund - CRISIL Composite Bond Regular Plan - Growth Option Fund Index Direct Plan - Growth Option Fund Index

23 SIP Returns of Schemes All data as on March 31, 2016 (Unless indicated otherwise)

SIP Performance for BOI AXA Equity Fund - Regular Plan - SIP Performance for BOI AXA Equity Fund - Direct Plan - Growth Option (assuming SIP of ` 10,000 per month) Growth Option (assuming SIP of ` 10,000 per month)

Particulars Since last 5 last 3 last 1 Particulars Since last 5 last 3 last 1 Inception years years year Inception years years year Total Amount Invested (`) 900,000 600,000 360,000 120,000 Total Amount Invested (`) 400,000 N.A. 360,000 120,000 Market Value of amount Invested 1,189,276 768,672 400,515 115,063 Market Value of amount Invested 408,432 N.A. 408,432 115,800 Scheme Returns (CAGR) 7.45% 10.16% 7.43% -8.49% Scheme Returns (CAGR) 1.28% N.A. 8.82% -7.25% Nifty 50 Index returns# (CAGR) 6.53% 8.11% 4.77% -6.73% Nifty 50 Index returns# (CAGR) -2.22% N.A. 4.77% -6.73%

Date of First Installment: 03-Nov-2008 & Scheme Inception Date: October 21, Date of First Installment: 01-Jan-2013 & Scheme Inception Date: January 2, 2013. 2008. Past Performance may or may not be sustained in future. Past Performance may or may not be sustained in future. # Scheme Benchmark # Scheme Benchmark

SIP Performance for BOI AXA Tax Advantage Fund - Regular SIP Performance for BOI AXA Tax Advantage Fund - Direct Plan - Growth Option (assuming SIP of ` 10,000 per month) Plan - Growth Option (assuming SIP of ` 10,000 per month)

Particulars Since last 5 last 3 last 1 Particulars Since last 5 last 3 last 1 Inception years years year Inception years years year Total Amount Invested (Rs.) 850,000 600,000 360,000 120,000 Total Amount Invested (`) 360,000 N.A. 360,000 120,000 Market Value of amount Invested 1,263,135 796,519 401,383 103,368 Market Value of amount Invested 410,939 N.A. 427,495 104,188 Scheme Returns (CAGR) 10.99% 12.17% 9.37% -11.86% Scheme Returns (CAGR) 3.17% N.A. 13.84% -10.42% Nifty 50 Index returns# (CAGR) 8.13% 8.14% 4.84% -6.58% Nifty 50 Index returns# (CAGR) 5.80% N.A. 4.84% -6.58%

Date of First Installment: 02-Mar-2009 & Scheme Inception Date: February 25, Date of First Installment: 02-Jan-2013 & Scheme Inception Date: January 2, 2013. 2009. Past Performance may or may not be sustained in future. Past Performance may or may not be sustained in future. # Scheme Benchmark # Scheme Benchmark

SIP Performance for BOI AXA Manufacturing & SIP Performance for BOI AXA Manufacturing & Infrastructure Fund - Regular Plan - Growth Option Infrastructure Fund - Direct Plan - Growth Option (assuming SIP of ` 10,000 per month) (assuming SIP of ` 10,000 per month)

Particulars Since last 5 last 3 last 1 Particulars Since last 5 last 3 last 1 Inception years years year Inception years years year Total Amount Invested (`) 720,000 600,000 360,000 120,000 Total Amount Invested (`) 360,000 NA 360,000 120,000 Market Value of amount Invested 864,047 724,641 416,028 103,199 Market Value of amount Invested 409,400 NA 424,894 103,979 Scheme Returns (CAGR) 6.01% 8.30% 11.90% -12.16% Scheme Returns (CAGR) 2.94% NA 11.07% -10.79% Benchmark returns# (CAGR) -2.83% -1.91% -5.22% -23.32% Benchmark returns# (CAGR) -3.94% NA -5.22% -23.32% Nifty 50 Index returns## (CAGR) 7.43% 8.14% 4.84% -6.58% Nifty 50 Index returns## (CAGR) 5.80% NA 4.84% -6.58%

Date of First Installment: 01-Apr-2010 & Scheme Inception Date: March 5, 2010. Date of First Installment: 02-Jan-2013 & Scheme Inception Date: January 2, 2013. Past Performance may or may not be sustained in future. Past Performance may or may not be sustained in future. # Scheme Benchmark: Since inception to Jan 18, 2016: CNX Infrastructure Index; # Scheme Benchmark: Since inception to Jan 18, 2016: CNX Infrastructure Index; Jan 19, 2016 to current: S&P BSE Infrastructure Index (50%) & S&P BSE Jan 19, 2016 to current: S&P BSE Infrastructure Index (50%) & S&P BSE Manufacturing Index (50%) Manufacturing Index (50%) ## Additional Benchmark ## Additional Benchmark

For SIP calculations above, the data assumes the investment of ` 10,000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Where Benchmark returns are not available, they have not been shown. Past performance may or may not be sustained in future. Returns greater than 1 year period are compounded annualized. Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day of every month has been considered. Note: For Fund Manager details please refer respective Scheme pages.

24 How to read Factsheet

Fund Manager Modified Duration

An employee of the asset management company such as a mutual Modified duration is the price sensitivity and the percentage change in fund or life insurer, who manages investments of the scheme. He is price for a unit change in yield. usually part of a larger team of fund managers and research analysts. Standard Deviation Application Amount for Fresh Subscription Standard deviation is a statistical measure of the range of an This is the minimum investment amount for a new investor in a mutual investment’s performance. When a mutual fund has a high standard fund scheme. deviation, its means its range of performance is wide, implying greater volatility. Minimum Additional Amount Sharpe Ratio This is the minimum investment amount for an existing investor in a mutual fund scheme. The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using Yield to Maturity standard deviation and excess return to determine reward per unit of The Yield to Maturity or the YTM is the rate of return anticipated on a risk. bond if held until maturity. YTM is expressed as an annual rate. The Beta YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity. Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the SIP market. A beta of greater than 1 implies that the security's price will be SIP or systematic investment plan works on the principle of making more volatile than the market. periodic investments of a fixed sum. It works similar to a recurring AUM bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three AUM or assets under management refers to the recent / updated years. cumulative market value of investments managed by a mutual fund or any investment firm. NAV Holdings The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The The holdings or the portfolio is a mutual fund’s latest or updated NAV is calculated at the end of every business day. It is the value at reported statement of investments/securities. These are usually which the investor enters or exits the mutual fund. displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is Benchmark being invested by the fund manager. A group of securities, usually a market index, whose performance is Nature of Scheme used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks The investment objective and underlying investments determine the include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is Entry Load an equity fund or growth fund. Likewise, a mutual fund that aims at A mutual fund may have a sales charge or load at the time of entry capital preservation by investing in debt markets is a debt fund or and/or exit to compensate the distributor/agent. Entry load is charged income fund. Each of these categories may have sub-categories. at the time an investor purchases the units of a mutual fund. The entry Rating Profile load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will Mutual funds invest in securities after evaluating their enter the fund at Rs. 101. creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating Note: SEBI, vide circular dated June 30, 2009 has abolished entry load profile of the fund. Typically, this is a feature of debt funds. and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be Rs.99 per unit.

25 Disclaimer/Statutory Details

This report is as of March 31, 2016 unless indicated otherwise. Statements relating to outlook and forecast are the opinions of the Author. The views expressed by the author are personal and are not necessarily that of BOI AXA Investment Managers Private Limited (AMC). This report is for information purpose only and is not intended to be any investment advice. Please make independent research/ obtain professional help before taking any decision of investment / sale. AMC makes no representation as to the quality, liquidity or market perception of any securities/ issuer / borrower, if described in the report above, nor does it provide any guarantee whatsoever. Information and material used in this report are believed to be from reliable sources. However, AMC does not warrant the accuracy, reasonableness and/or completeness of any information.

AMC does not undertake to update any information or material in this report. Decisions taken by you based on the information provided in this report are to your own account and risk. AMC and any of its officers, directors and employees shall not be liable for any loss or damage of any nature, as also any loss of profit in any way arising from the use of this material in any manner. AMC or its directors, officers and employees, including author of this report / persons involved in the preparation or issuance of this report may, from time to time, have long or short positions in, and buy or sell the securities, if any, mentioned herein or have other potential conflict of interest with respect to any recommendation and related information and opinions given in the report /report. This report, or any part of it, should not be duplicated, or contents altered / modified, in whole or in part in any form and or re-distributed without AMC’s prior written consent. © BOI AXA Investment Managers Private Limited 2016.

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

26 BOI AXA Investment Managers’ Branches - Investor Service Centers (ISC's)

• Ahmedabad - Shop No.:- 405, 4th Floor, Zodiac Plaza, Plot no: - 229, Village Kochrab, H. L. College Road, Navrangpura, Ahmedabad - 380 009. • Bangalore - 957, Regus Business Centre, Bangalore Pvt. Ltd., Level 9, Raheja Towers, 26 - 27, Mahatma Gandhi Road, Bangalore - 560 001. • Bhopal - F. F. 16, Part B, Mansarover Complex, Near Habibganj Railway Station, Bhopal - 462 016. • Chandigarh - 205, Megabyte Business Centre, SCO-333-334, Ist Floor, Sec-35B Chandigarh - 160 022. • Chennai - Cabin No. 203, Apeejay Business Center No: 39/12, Haddows Road, Nungambakkam, Chennai - 600 034. • Hyderabad - Cabin No. 23, Apeejay Business Centre, Tresorie, The Park, 22 Rajbhavan Road, Somajiguda, Hyderabad - 500 082. • Jaipur - Office no.154, 1st Floor, Ganpati Plaza,M I Road, Jaipur - 302 001. • Kolkata - Cabin 06, Block - A, 8th Floor, Apeejay House, 15 Park Street, Kolkata - 700 016. • Lucknow - Office No-504, 5th Floor, Sriram Tower, 13 Ashok Marg, Hazratganj, Lucknow - 226 001. • Mumbai - 51, East Wing, Kalpataru Synergy, Opp. Grand Hyatt, Vakola, Santacruz (E), Mumbai - 400 055. • New Delhi - Room No. 610, Avanta Business Center, 4th Floor, Statesman House, Barakhamba Road, Connaught Place, New Delhi - 110 001. • Pune - Apeejay Business Centre, 1st Floor, Pride House, S.No. 108/7, Shivajinagar, University Road, Pune - 411 016. • Vadodara - 118, 1st Floor, Siddharth Complex, R C Dutt Road, Alkapuri, Vadodara - 390 005.

Karvy Computershare Private Limited Branches - Investor Service Centers (ISC's)

• Agra: F-1, Ist Floor, Deepak Wasan Plaza, Above HDFC Bank, Sanjay Place, Agra - 282 002. • Ahmedabad: 201,Shail Building, Opp : Madhusudhan House, Nr. Navrangpura Telephone Exchange; Navrangpura Ahmedabad - 380 006. • Allahabad: Rsa Towers, 2nd Floor, Above Sony TV Showroom, 57, S P Marg, Civil Lines, Allahabad - 211001. • Amritsar: 72-A, Taylor'S Road, Aga Heritage Gandhi Ground, Amritsar - 143 001. • Anand: B/ 42, Vaibhav Commercial Center, Nr TVS Down Town Shrow Room, Grid Char Rasta, Anand - 388 001. • Asansol: 114 /71, G.T. Road, Near Sony Centre, Bhanga Pachil, Asansol - 713 303. • Bangalore: 59, ‘Skanda’ Puttanna Road, Basavanagudi, Bangalore - 560 004. • Belgaum: CTS No 3939/ A2 A1, Above Raymonds Show Room, Beside Harsha Appliances, Club Road, Belgaum - 590 001. • Bhagalpur: 2nd Floor, Chandralok Complex, Ghantaghar, Radha Rani Sinha Road, Bhagalpur - 812 001. • Bhopal: Kay Kay Business Centre, 133, Zone I, M P Nagar, Bhopal - 462 011. • Bhubaneswar: 2nd & 3rd Floor, Janardan, House, A 181, Saheed Nagar, Bhubaneswar - 751 007. • Chandigarh: SCO-2423-2424 1ST Floor, Above TVS showroom, Sec 22C Chandigarh - 160 022. • Chennai: Flat No F11, First Floor, Akshya Plaza,(Erstwhile Harris Road), Opp Chief City Metropolitan Court, #108, Adhithanar Salai, Egmore, Chennai - 600 002. • Cochin: Building Nos.39 Ali Arcade, 1st floor, Near Atlantis Junction, Kizhvana Road, Panampili Nagar, Cochin - 682 036. Ernakulum District. • Coimbatore: 3rd Floor,Jaya Enclave, 1056- 1057, Avinashi Road, Coimbatore - 641 018. • Dehradun: Kaulagarh Road, Near Sirmour Marg, Above Reliance Webworld, Dehradun - 248 001. • Dhanbad: 208, New Market, 2Nd Floor, Katras Road, Bank More, Dhanbad - 826 001. • Gandhinagar: Plot No. - 945/2, Sector - 7/C, Gandhinagar - 382 007. • Ghaziabad: 1st Floor, C-7, Lohia Nagar, Ghaziabad - 201 001. • Gorakhpur: Above V.I.P. House, Ajdacent A.D. Girls Inter College, Bank Road Gorakpur - 273 001. • Guwahati: 1st Floor, Bajrangbali Building, Near Bora Service Station, GS Road, Guwahati - 781 007. • Gwalior: 2nd Floor- Rajeev Plaza, Jayendra Ganj, Lashkar, Gwalior, M.P.- 474 009. • Hubli: CTS 483/A1/A2, Gr floor, Sri Ram Plaza, Club Road, Behind , Hubli - 580 023. • Hyderabad: 8-2-596 Karvy Plaza, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500 034. • Indore: 19/1, New Palasia, Balaji Corporate-203, 204 & 205, 2nd Floor, Above ICICI Bank, Near Curewell Hospital, Janjeerwala Square, Indore, Madhya Pradesh - 452 001. • Jabalpur: 43, Naya Bazar, Opposite shyam talkies Jabalpur (M.P.) 482 001. • Jaipur: S-16 A, 3Rd Floor Land Mark, Opposite Jaipur Club Mahavir Marg, C- Scheme Jaipur - 302 001. • Jalandhar: 1st Floor, Shanti Towers, SCO No. 37, PUDA Complex, Opposite Tehsil Complex, Jalandhar - 144001. • Jamshedpur: 2nd Floor, R R Square, SB Shop Area, Near Reliance Foot Print & Hotel - BS Park Plaza, Main Road, Bistpur, Jamshedpur 831001. • Jodhpur: 203, Modi Arcade; Chupasni Road, Jodhpur - 342 001. • Kanpur: 15/46,Ground Floor, Opp: Muir Mills, Civil Lines, Kanpur - 208 001. • Kolhapur: 605/1/4 E Ward, Near Sultane Chambers, Shahupuri 2nd Lane Kolhapur - 416 001. • Kolkata: 166A, Rashbehari Avenue, 2nd Floor Near Adi Dhakeshwari Bastralaya OPP- Fortis Hospital Kolkata - 700 029. • Lucknow: 1st Floor, A. A. Complex, Thaper House, 5 Park Road, Hazratganj, Lucknow - 226 001. • Ludhiana: SCO - 136, First Floor Above Airtel Show Room, Feroze Gandhi Market, Ludhiana - 141 001. • Madurai: Rakesh Towers, 30-C, Bye Pass Road Ist Floor, Opp Nagappa Motors, Madurai - 625 010. • Moradabad: Om Arcade, Parker Road, Above Syndicate Bank, Chowk Tari Khana, Moradabad - 244001. • Mumbai: Office number: 01/04 24/B, Raja Bahadur Compound Ambalal Doshi Marg, Behind , Fort Mumbai - 400 001. • Muzaffarpur: 1St Floor, Uma Market, Near Thana Gumti, Motijheel, Muzaffarpur, Bihar - 842 001. • : Plot No.2/1, House no. 102/1, Mangaldeep Apartment, Mata Mandir Road, Opp. Khandelwal Jewellers, Dharampeth, Nagpur - 440 010. • Nasik: S-12, Second Floor, Suyojit Sankul, Sharanpur Road Nasik - 422 002. • New Delhi: 305, 3rd Floor New Delhi House, Bara Khamba Road Connaught Place New Delhi - 110 001. • Noida: 307 Jaipuria Plaza; D 68 A, 2nd Floor Opp Delhi Public School, Sector 26 Noida - 201 301. • Panipat: 1st Floor, Krishna Tower Above Amertex, G.T. Road, Panipat - 132 103. • Panjim: Flat No.1-A, H. No. 13/70, Timotio Bldg, Heliodoro Salgado Road, Next to Navhind Bhavan (Market Area) Panjim - 403 001. • Patna: 3A, 3rd floor, Anand Tower, Beside Chankya Cinema Hall; Exhibition Road, Patna - 800 001. • Pune: Mozaic Bldg, CTS No.1216/1, Final Plot No.576/1 TP, Scheme No.1, F C Road, Bhamburda, Shivaji Nagar, Pune - 411 004. • Raipur: Room No. TF 31, 3 Rd Floor, Millennium Plaza Behind Indian Coffee House, G E Road, Raipur - 492 001. • Rajkot: 104, Siddhi Vinayak Complex Dr Yagnik Road, Opp Ramkrishna Ashram Rajkot - 360 001. • Ranchi: Room No. 307, 3Rd Floor, Commerce Towers, Beside Mahabir Towers, Main Road, Ranchi - 834 001. • Shillong: Mani Bhawan, Lower Thana Road, Police Bazar, Shillong - 793 001. • Siliguri: Nanak Complex, Near Church Road, Sevoke Road, Siliguri - 734 001. • Solapur: Block No. 06, Vaman Nagar, Opp. D-Mart, Jule Solapur, Solapur, - 413004. • Surat: G-6 Empire State Building, Near Parag House,Udhna Darwaja Ring Road Surat - 395 002. • Udaipur: 201-202, Madhav Chambers, Opp G P O , Chetak Circle, Udaipur - 313001. • Ujjain: 101, Aastha Tower, 13/1, Dhanwantri Marg, Free Gunj Ujjain - 456 010. • Vadodara: 203, Corner point, Jetalpur Road, Vadodara - 390 007. • Varanasi: D-64/132, KA 1st Floor, Anant Complex, Sigra, Varanasi - 221 010. • Vijayawada: 39-10-7, Opposite Municipal Water Tank, Labbipet, Vijayawada - 520 010. • Visakhapatnam: Door No: 48-8-7, Dwaraka Dimond, Ground Floor, Srinagar, Visakhapatnam - 530016.

AMC Website: www.boiaxa-im.com is also an Investor Service Centre (for online transactions)

BOI AXA Investment Managers Pvt. Ltd. (Investment Manager for BOI AXA Mutual Fund) 51, 5th Floor, East Wing, Kalpataru Synergy, Opp. Grand Hyatt, Vakola, Santacruz (E), Mumbai - 400 055 Toll free number : 1800-103-2263 & 1800-266-2676 • Alternate number : 020-4011 2300 & 020-6685 4100 • Website : www.boiaxa-im.com • Email : [email protected] 27 PRODUCT SUITE

Tenure 0 - 1 Year 1 - 3 Years 3 - 5 Years

BOI AXA Equity Fund

High (An Open-Ended Equity Fund)

BOI AXA Corporate Credit Spectrum Fund (An Open-Ended Debt Scheme) BOI AXA Focused Infrastructure Fund (An Open-Ended Equity Scheme) BOI AXA Equity Debt Rebalancer Fund (An Open-Ended Dynamic Scheme) BOI AXA Tax Advantage Fund (An Open-Ended Equity Linked Savings Scheme)

BOI AXA Regular Return Fund (An Open-Ended Income Scheme) Medium turns e

R BOI AXA Short Term Income Fund (An Open-Ended Income Scheme)

BOI AXA Treasury Advantage Fund (An Open-Ended Income Scheme)

BOI AXA Liquid Fund (An Open-Ended Liquid Scheme) Low

Low Medium High

Risk Refer Page No. 3 for product labelling

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