BOI AXA EQUITY DEBT CROSSES REBALANCER FUND `200 An Open-ended Dynamic Fund CRORES*

(*AUM as on May 31, 2017) Thank you for your support

Refer Pg. No. 2 for Product Labelling Facts in Figures May 2017 Monthly fund analysis and market reviews 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. (An Open Ended Equity Growth • Investment in equity and equity-related securities including equity Moderate Moder Fund) derivatives of companies across market capitalisations. tely a a High tely BOI AXA Tax Advantage Fund • Long-term capital growth. ModerLow (An Open-Ended Equity Linked • Investment in equity and equity-related securities of companies Savings Scheme) across market capitalisations. High BOI AXA Equity Debt Rebalancer • Long term capital appreciation Low Fund • Dynamic asset allocation between equity and fixed income based (An Open Ended Dynamic Fund) on equity market valuations LOW HIGH BOI AXA Mid Cap Equity & Debt • Long term capital appreciation and income distribution Investors understand that their principal will be at Fund • Equity fund investing in mid cap equity and equity related moderately high risk (An Open-Ended Equity Fund) securities as well as fixed income securities. BOI AXA Manufacturing & • Long-term capital growth. Moderate Moder Infrastructure Fund • Investment in equity and equity-related securities of companies tely a a (An Open Ended Sector Scheme) engaged in manufacturing & infrastructure related sectors. High tely 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. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 2 Alok Singh MARKET UPDATE CHIEF INVESTMENT OFFICER

Indian real GDP growth fell to 6.1% yoy in Jan-Mar from 7.0% in the last quarter and Gross Value Added (GVA) growth moderated to 5.6% yoy from 6.7% in the last quarter. For the full year FY16-17, GDP growth moderated to 7.1% yoy from 8.0% last year. Along with the base affect the GDP data somewhere indicate the effect of demonetization on the economy. For Jan-Mar17 quarter the only services sector showed a positive growth probability as it could have adjusted to digital payments better than other part of economy. Agriculture growth moderated to 5.2% yoy from 6.9% in the previous quarter. Industry moderated to 3% vs. 6.2% in the last quarter while services accelerated to 7.2% yoy from 6.9% earlier.

We believe that in the FY 17-18 the GDP growth should accelerate significantly as the impact of the currency replacement program is now behind us and statistically, GDP growth rates will be boosted in 2Q17 as the base effects turn favorable (Jun-16 GDP growth was 7.9% yoy, down from 9.2% yoy in Mar-16).

The low GDP growth data explain the low core inflation in last quarter. The inflation and GDP data may force RBI to relook at its policy stance but to expect any major change at this stage looks very unlikely. This help us to reaffirm our view that risk reward is no longer in favor of long bond and any money to be made there is thru tactical trading only. As a result the portfolios need to be shifted towards accrual. The front end of the yield curve currently offers decent convexity, this along with the credit curve allow establishing accrual trades. Though it is true the liquidity in the system may distort this equation.

Liquidity has been ample in the system for some time now mainly because of continued foreign flows and demonetization. This helped in lower the funding cost for banks, NBFCs and corporates on one side and pushed the stock market to all time high on the other side.

The corporate results for the last quarter were a fixed bag and it is very difficult to arrive at any singular trend so far. Therefore bottoms up approach of stock picking shall continue to drive stock selection in our portfolio. Though we see some sign of rural consumption picking up alongside urban consumption, which had recovered earlier. The favorable monsoon may help in maintain the momentum further. This just reassures our positive stance on consumption oriented business for some time now. The governments push towards low cost housing and infrastructure offers also some interesting opportunities for stock picking.

The equity valuation currently are higher than its long-term average and therefore can be categorized as marginally expensive, but sustained demand for equities especially by the domestic investors could keep 's relative valuations elevated. At the same time, we think that the growth cycle will inflect higher, starting from 2Q17, supported by three factors:

(1) External demand environment will be favorable for growth.

(2) Corporate balance sheet repair is already underway.

(3) Private capex recovery will be underway by 2018. The economy will be heading towards the "productive growth" phase, which is characterized as a period of improving growth while macro stability remains in check and typically sets the stage for a sustained growth cycle.

Source: Bloomberg, RBI (Unless indicated otherwise); Dated: May 31, 2017

3 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 May 31, 2017 Capit (Unless indicated otherwise) ^For details, refer Page 2. Small

TOP 15 INDUSTRY ALLOCATION PORTFOLIO DETAILS E Finance 15.41% Portfolio Holdings Industry/ % to Net Q Banks 13.44% Rating Assets Consumer Non Durables 8.75% U Petroleum Products 8.71% EQUITY & EQUITY RELATED I Auto 8.66% Pharmaceuticals 6.45% Listed / awaiting listing on the stock exchanges T Consumer Durables 6.08% Chemicals 5.52% Limited Petroleum Products 4.42 Y Cement 4.63% Limited Banks 4.05 Non - Ferrous Metals 3.01% Construction Project 2.94% India Limited Auto 4.00 G Media & Entertainment 2.82% HDFC Bank Limited Banks 3.94 Auto Ancillaries 2.40% R Pesticides 2.22% ITC Limited Consumer Non Durables 3.53 O Industrial Products 2.02% IndusInd Bank Limited Banks 3.28 W INVESTMENT OBJECTIVE Housing & Urban Development Finance 3.15 T To generate income and long-term capital appreciation through a diversified portfolio of Corporation Limited predominantly equity and equity-related securities including equity derivatives, across all Motilal Oswal Financial Services Limited Finance 3.02 H market capitalizations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns. There is no assurance that the Hindalco Industries Limited Non - Ferrous Metals 3.01 investment objectives of the scheme will be realized. Larsen & Toubro Limited Construction Project 2.94 F WHO SHOULD INVEST Zee Entertainment Enterprises Limited Media & Entertainment 2.82 U The fund is suited to investors with some prior experience in equity investing or even for Procter & Gamble Hygiene and Consumer Non Durables 2.66 N first time equity investors who are aware of the risk associated with investing in equities, particularly with regard to mid and small capitalization companies. Health Care Limited D BENCHMARK Ltd DVR Shares Auto 2.56 Nifty 50 Index Godrej Industries Limited Consumer Non Durables 2.55 DATE OF ALLOTMENT October 21, 2008 Crompton Greaves Consumer Consumer Durables 2.53 FUND MANAGER Electricals Limited Alok Singh: (w.e.f. February 16, 2017) Around 17 years of experience, including 10 years in Aarti Industries Limited Chemicals 2.41 mutual fund industry. Minda Industries Limited Auto Ancillaries 2.40 AVERAGE AUM ` 81.43 Crs. Limited Petroleum Products 2.32 LATEST AUM The Limited Cement 2.31 ` 81.64 Crs. UltraTech Cement Limited Cement 2.31 MINIMUM APPLICATION AMOUNT (LUMPSUM) IIFL Holdings Limited Finance 2.27 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 ADDITIONAL PURCHASE AMOUNT Sun Pharmaceutical Industries Limited Pharmaceuticals 2.24 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 UPL Limited Pesticides 2.22 TOTAL EXPENSE RATIO Limited Pharmaceuticals 2.21 Regular Plan: 2.89% Eco Plan: 2.25% Direct Plan: 1.87% Can Fin Homes Limited Finance 2.21 Average Expense Ratio excludes Service Tax on Management Fee Vinati Organics Limited Chemicals 2.18 PORTFOLIO TURNOVER RATIO RBL Bank Limited Banks 2.16 1.14 Times# (#Basis last rolling 12 months) Century Plyboards (India) Limited Consumer Durables 2.11 OTHER PARAMETERS Standard Deviation (Annualized): 15.02% (BOI AXA Equity Fund) Limited Auto 2.11 15.60% (Nifty 50 Index) SREI Infrastructure Finance Limited Finance 2.08 Beta: 0.93 KEI Industries Limited Industrial Products 2.02 Sharpe Ratio*: 0.31 Tracking Error (Annualized): 3.73% Piramal Enterprises Limited Pharmaceuticals 2.00 Above ratios are calculated using 6 years history of monthly returns Limited Petroleum Products 1.97 *Risk-free rate assumed to be 6.25% (MIBOR as on May 31, 2017) Repco Home Finance Limited Finance 1.62 NAV NAV (`) Regular Plan Eco Plan Enterprise Limited Healthcare Services 1.56 Growth 32.13 Growth 33.49 Whirlpool of India Limited Consumer Durables 1.45 Bonus 32.12 Bonus 33.49 BSE Limited Finance 1.07 Regular Dividend 12.58 Regular Dividend 14.24 Quarterly Dividend 12.54 Quarterly Dividend 12.25 Limited Chemicals 0.92 Direct Plan Total 94.62 Growth 33.69 Bonus 17.45 Cash & Cash Equivalent Regular Dividend 14.40 Net Receivables/Payables 0.88 Quarterly Dividend 12.41 CBLO / Reverse Repo / Liquid Fund Investments 4.51 LOAD STRUCTURE (FOR ALL PLANS) Entry Load NIL Total 5.38 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 19.

4 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 May 31, 2017 (Unless indicated otherwise) ^For details, refer Page 2. Small

TOP 15 INDUSTRY ALLOCATION PORTFOLIO DETAILS E Finance 15.46% Portfolio Holdings Industry/ % to Net Q Banks 14.79% Rating Assets 8.21% U Auto Ancillaries Consumer Durables 6.95% EQUITY & EQUITY RELATED I Chemicals 6.05% Listed / awaiting listing on the stock exchanges Auto 5.18% T Industrial Products 5.17% IndusInd Bank Limited Banks 4.63 Pharmaceuticals 4.85% Maruti Suzuki India Limited Auto 3.30 Y Cement 4.26% Yes Bank Limited Banks 3.27 Petroleum Products 4.07% Minda Industries Limited Auto Ancillaries 3.02 Commercial Services 3.65% L Media & Entertainment 3.58% Aarti Industries Limited Chemicals 2.96 Non - Ferrous Metals 2.10% HDFC Bank Limited Banks 2.76 I Gas 2.07% The Limited Banks 2.55 N Software 1.76% Motilal Oswal Financial Services Limited Finance 2.48 K Dalmia Bharat Limited Cement 2.28 INVESTMENT OBJECTIVE Limited Finance 2.23 E The Scheme seeks to generate long-term capital growth from a diversified portfolio of Century Plyboards (India) Limited Consumer Durables 2.23 D predominantly equity and equity-related securities across all market capitalisations. The Aurobindo Pharma Limited Pharmaceuticals 2.21 Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any Limited Auto Ancillaries 2.17 assured or guaranteed returns. There can be no assurance that the investment objectives of Corporation Limited Petroleum Products 2.13 the Scheme will be realized. S Can Fin Homes Limited Finance 2.12 WHO SHOULD INVEST A BSE Limited Finance 2.10 The fund is suitable for investors with a long-term investment horizon. In terms of fund Hindalco Industries Limited Non - Ferrous Metals 2.10 V management, the 3 year lock-in period gives the fund manager the comfort of planning his Limited Gas 2.07 I investments with a long-term horizon. Timken India Limited Industrial Products 2.04 BENCHMARK N TeamLease Services Limited Commercial Services 2.04 Nifty 50 Index The Ramco Cements Limited Cement 1.98 G DATE OF ALLOTMENT Castrol India Limited Petroleum Products 1.94 February 25, 2009 Blue Star Limited Consumer Durables 1.91 S FUND MANAGER Eicher Motors Limited Auto 1.88 Saurabh Kataria: (w.e.f June 29, 2013) Around 12 years of industry experience. Zee Entertainment Enterprises Limited Media & Entertainment 1.86 C IIFL Holdings Limited Finance 1.80 AVERAGE AUM Limited Software 1.76 H ` 82.53 Crs. E Housing & Urban Development Finance 1.76 LATEST AUM Corporation Limited M ` 83.13 Crs. Jyothy Laboratories Limited Consumer Non Durables 1.76 E MINIMUM APPLICATION AMOUNT (LUMPSUM) PVR Limited Media & Entertainment 1.72 Regular/ Direct Plan ` 500 and in multiples of ` 1 KEI Industries Limited Industrial Products 1.70 ADDITIONAL PURCHASE AMOUNT Limited Power 1.70 Regular/ Direct Plan ` 500 and in multiples of ` 1 Vinati Organics Limited Chemicals 1.67 SREI Infrastructure Finance Limited Finance 1.66 TOTAL EXPENSE RATIO Quess Corp Limited Commercial Services 1.61 Regular Plan: 3.00% Eco Plan: 2.25% Crompton Greaves Consumer Consumer Durables 1.61 Direct Plan: 1.78% Electricals Limited Average Expense Ratio excludes Service Tax on Management Fee Igarashi Motors India Limited Auto Ancillaries 1.59 PORTFOLIO TURNOVER RATIO RBL Bank Limited Banks 1.59 # # 0.93 Times ( Basis last rolling 12 months) Techno Electric & Engineering Construction Project 1.59 OTHER PARAMETERS Company Limited Standard Deviation (Annualized): 15.14% (BOI AXA Tax Advantage Fund) Shankara Building Products Limited Ferrous Metals 1.54 15.60% (Nifty 50 Index) Steel Strips Wheels Limited Auto Ancillaries 1.43 Beta: 0.92 Finolex Cables Limited Industrial Products 1.43 Sharpe Ratio*: 0.42 Limited Chemicals 1.41 Tracking Error (Annualized): 5.02% Thyrocare Technologies Limited Healthcare Services 1.38 Above ratios are calculated using 6 years history of monthly returns Sun Pharmaceutical Industries Limited Pharmaceuticals 1.33 *Risk-free rate assumed to be 6.25% (MIBOR as on May 31, 2017) Bharti Infratel Limited Telecom - Equipment & 1.32 NAV NAV (`) Accessories Regular Plan Eco Plan Piramal Enterprises Limited Pharmaceuticals 1.32 Growth 44.77 Growth 46.56 Capital First Limited Finance 1.30 Dividend 14.31 Dividend 14.30 Whirlpool of India Limited Consumer Durables 1.20 Direct Plan Total 97.43 Growth 47.53 Dividend 24.56 Cash & Cash Equivalent Net Receivables/Payables (1.10) LOAD STRUCTURE (FOR ALL PLANS) CBLO / Reverse Repo / Liquid Fund Investments 3.67 Entry Load NIL Total 2.57 Exit Load NIL For Dividend History please refer page no. 14. GRAND TOTAL 100.00 For Scheme Performance please refer page no. 15 to 19.

5 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 engaged in manufacturing & tion Medium t e An Open-Ended Sector Scheme infrastructure 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 2. Small Capit All data as on May 31, 2017 (Unless indicated otherwise)

EQUITY INDUSTRY ALLOCATION PORTFOLIO DETAILS E Industrial Products 16.21% Portfolio Holdings Industry/ % to Net Q Power 11.84% Rating Assets Industrial Capital Goods 10.08% U Construction Project 9.16% Auto 7.64% I EQUITY & EQUITY RELATED Construction 6.20% T Petroleum Products 5.01% Listed / awaiting listing on the stock exchanges Telecom - Equipment & Accessories 4.11% Y Consumer Durables 3.73% Power Grid Corporation of India Limited Power 6.86 Cement 3.50% Larsen & Toubro Limited Construction Project 5.86 Ferrous Metals 3.00% S Consumer Non Durables 2.38% Apar Industries Limited Industrial Capital Goods 5.32 Chemicals 2.23% KNR Constructions Limited Construction 3.84 E Non - Ferrous Metals 2.08% C Pharmaceuticals 1.97% Maruti Suzuki India Limited Auto 3.77 Indian Oil Corporation Limited Petroleum Products 3.76 T INVESTMENT OBJECTIVE Blue Star Limited Consumer Durables 3.73 O The Scheme seeks to generate long term capital appreciation through a portfolio of The Ramco Cements Limited Cement 3.50 R predominantly equity and equity related securities of companies engaged in manufacturing and infrastructure related sectors. Further, there can be no assurance that the investment Kalpataru Power Transmission Limited Power 3.39 objectives of the scheme will be realized. The Scheme is not providing any assured or Techno Electric & Engineering Construction Project 3.30 S guaranteed returns. WHO SHOULD INVEST Company Limited C The Scheme would be suitable for investors who are desirous of increasing their APL Apollo Tubes Limited Ferrous Metals 3.00 H exposure to manufacturing & infrastructure space in their personal equity portfolio. Thus, Greaves Cotton Limited Industrial Products 2.96 E this Scheme could act as a "top up" over existing investments of such investors in diversified equity funds. However, for a first time investor, it might still be advisable to initially start his AIA Engineering Limited Industrial Products 2.85 M investment with a diversified equity fund. Kirloskar Brothers Limited Industrial Products 2.64 E BENCHMARK (SINCE JANUARY 19, 2016) Limited Industrial Capital Goods 2.40 S&P BSE India Manufacturing Index (50%) and S&P BSE India Infrastructure Index (50%) Procter & Gamble Hygiene and Consumer Non Durables 2.38 DATE OF ALLOTMENT March 05, 2010 Health Care Limited FUND MANAGER Triveni Turbine Limited Industrial Capital Goods 2.36 Alok Singh: (w.e.f. February 16, 2017) Around 17 years of experience, including 10 years in Ahluwalia Contracts (India) Limited Construction 2.36 mutual fund industry. Carborundum Universal Limited Industrial Products 2.32 AVERAGE AUM ` 9.54 Crs. Orient Refractories Limited Industrial Products 2.29 LATEST AUM Aarti Industries Limited Chemicals 2.23 ` 9.57 Crs. Astra Microwave Products Limited Telecom - Equipment & 2.19 MINIMUM APPLICATION AMOUNT (LUMPSUM) Accessories Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Kirloskar Oil Engines Limited Industrial Products 2.15 ADDITIONAL PURCHASE AMOUNT Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Eicher Motors Limited Auto 2.08 TOTAL EXPENSE RATIO Hindalco Industries Limited Non - Ferrous Metals 2.08 Regular Plan: 2.84% Direct Plan: 1.59% Aurobindo Pharma Limited Pharmaceuticals 1.97 Average Expense Ratio excludes Service Tax on Management Fee Bharti Infratel Limited Telecom - Equipment & 1.92 PORTFOLIO TURNOVER RATIO Accessories 0.66 Times# (#Basis last rolling 12 months) OTHER PARAMETERS Tata Motors Ltd DVR Shares Auto 1.79 Standard Deviation (Annualized): 14.93% (BOI AXA Manufacturing & Infrastructure Fund) NHPC Limited Power 1.59 14.55% (S&P BSE India Manufacturing Index (50%) and Castrol India Limited Petroleum Products 1.25 S&P BSE India Infrastructure Index (50%) KEI Industries Limited Industrial Products 1.00 Beta: 0.94 Sharpe Ratio*: 0.48 Total 89.15 Tracking Error (Annualized): 6.05% Above ratios are calculated using 3 years history of monthly returns of the fund and the NON-CONVERTIBLE DEBENTURES above Indices as the inception of S&P BSE Infrastructure Index is May 28, 2014. *Risk-free rate assumed to be 6.25% (MIBOR as on May 31, 2017) NTPC Limited CRISIL AAA 0.23 NAV NAV (`) Total 0.23 Regular Plan Direct Plan Growth 14.85 Growth 15.61 Cash & Cash Equivalent Regular Dividend 13.77 Regular Dividend 14.85 Quarterly Dividend 13.40 Quarterly Dividend 15.40 Net Receivables/Payables 1.11 LOAD STRUCTURE (FOR ALL PLANS) CBLO / Reverse Repo / Liquid Fund Investments 9.51 Entry Load NIL Total 10.62 Exit Load 1% if redeemed within 1 year from the date of allotment For Dividend History please refer page no. 14. For Scheme Performance please refer page no. 15 to 19. GRAND TOTAL 100.00

6 Equity Fund Hybrid Fund Debt Fund Liquid Fund THIS PRODUCT IS SUITABLE FOR INVESTORS INVESTMENT STYLE BOI AXA WHO ARE SEEKING^: Growth Blend Value $ Crossed • Long term capital appreciation and income Mid Cap Equity distribution Large

125 crores tion ` • Equity fund investing in mid cap equity and

Medium t e & Debt Fund equity related securities as well as fixed income alisa securities. Mark An Open-Ended Equity Fund Capit All data as on May 31, 2017 (Unless indicated otherwise) ^For details, refer Page 2. Small

EQUITY INDUSTRY ALLOCATION PORTFOLIO DETAILS E Finance 11.32% Portfolio Holdings Industry/ % to Net Industrial Products 8.59% Rating Assets Q Consumer Durables 5.42% Consumer Non Durables 5.31% U Auto Ancillaries 5.12% EQUITY & EQUITY RELATED Chemicals 4.87% Listed / awaiting listing on the stock exchanges I Industrial Capital Goods 3.73% Gas 3.45% Minda Industries Limited Auto Ancillaries 2.99 T Cement 2.61% Housing & Urban Development Finance 2.79 Construction 2.09% Corporation Limited Banks 1.63% Y Commercial Services 1.56% Century Plyboards (India) Limited Consumer Durables 2.40 Healthcare Services 1.56% Apar Industries Limited Industrial Capital Goods 2.34 Ferrous Metals 1.54% Pharmaceuticals 1.46% JM Financial Limited Finance 2.09 Construction Project 1.26% Godrej Industries Limited Consumer Non Durables 1.93 S Retailing 1.20% Petroleum Products 1.17% Vinati Organics Limited Chemicals 1.89 E Power 1.01% KEI Industries Limited Industrial Products 1.81 Media & Entertainment 0.79% Non - Ferrous Metals 0.60% SREI Infrastructure Finance Limited Finance 1.79 C Carborundum Universal Limited Industrial Products 1.71 T Blue Star Limited Consumer Durables 1.71 INVESTMENT OBJECTIVE The Federal Bank Limited Banks 1.63 O The scheme's objective is to provide capital appreciation and income distribution to investors Indraprastha Gas Limited Gas 1.61 from a portfolio constituting of mid cap equity and equity related securities as well as fixed TeamLease Services Limited Commercial Services 1.56 R Apollo Hospitals Enterprise Limited Healthcare Services 1.56 income securities. However there can be no assurance that the investment objectives of the BSE Limited Finance 1.50 Scheme will be realized. JK Cement Limited Cement 1.49 S BENCHMARK Aarti Industries Limited Chemicals 1.48 C Eveready Industries India Limited Consumer Non Durables 1.32 Nifty Midcap 100 Index (70%) and CRISIL Short Term Bond Fund Index (30%) Crompton Greaves Consumer Consumer Durables 1.31 H Electricals Limited DATE OF ALLOTMENT Igarashi Motors India Limited Auto Ancillaries 1.30 E July 20, 2016 Techno Electric & Engineering Construction Project 1.26 M Company Limited FUND MANAGER Timken India Limited Industrial Products 1.22 E APL Apollo Tubes Limited Ferrous Metals 1.20 Alok Singh: (w.e.f. February 16, 2017) Around 17 years of experience, including 10 years in V-Mart Retail Limited Retailing 1.20 mutual fund industry. Can Fin Homes Limited Finance 1.18 Piyush Baranwal: (w.e.f. July 20, 2016) Over 9 years’ experience in Portfolio Management and AIA Engineering Limited Industrial Products 1.18 Castrol India Limited Petroleum Products 1.17 trading in Fixed Income securities. Heritage Foods Limited Consumer Non Durables 1.17 AVERAGE AUM Repco Home Finance Limited Finance 1.16 Supreme Industries Limited Industrial Products 1.12 ` 132.08 Crs. Dalmia Bharat Limited Cement 1.12

$ Somany Ceramics Limited Construction 1.09 LATEST AUM Torrent Power Limited Power 1.01 ` 138.12 Crs. Cera Sanitaryware Limited Construction 1.01 Gujarat State Petronet Limited Gas 0.97 MINIMUM APPLICATION AMOUNT (LUMPSUM) Navin Fluorine International Limited Chemicals 0.95 Limited Pharmaceuticals 0.94 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Finolex Industries Limited Industrial Products 0.91 ADDITIONAL PURCHASE AMOUNT Advanced Enzyme Technologies Limited Consumer Non Durables 0.89 Triveni Turbine Limited Industrial Capital Goods 0.88 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Deep Industries Limited Gas 0.87 Steel Strips Wheels Limited Auto Ancillaries 0.83 TOTAL EXPENSE RATIO Muthoot Finance Limited Finance 0.81 Regular Plan: 2.64% Direct Plan: 1.94% PVR Limited Media & Entertainment 0.79 Kirloskar Brothers Limited Industrial Products 0.64 Average Expense Ratio excludes Service Tax on Management Fee Limited Non - Ferrous Metals 0.60 Sudarshan Chemical Industries Limited Chemicals 0.54 PORTFOLIO TURNOVER RATIO Limited Pharmaceuticals 0.52 1.50 Times# (#Calculated from July 20, 2016 - May 31, 2017) V-Guard Industries Limited Industrial Capital Goods 0.52 Shankara Building Products Limited Ferrous Metals 0.34 NAV NAV (`) Total 66.29 Regular Plan Direct Plan BONDS & NCDs Dewan Housing Finance Corporation Limited CARE AAA 5.84 Growth 11.81 Growth 11.91 Janalakshmi Financial Services Ltd. ICRA A+ 4.41 Regular Dividend 11.81 Regular Dividend 11.87 Housing Development Finance CRISIL AAA 4.35 LOAD STRUCTURE (FOR ALL PLANS) Corporation Limited Housing Finance Limited CARE AAA 1.09 Entry Load NIL Total 15.69 Exit Load 1% if redeemed within 12 months from the date of allotment GOVERNMENT BOND Government of India SOV 5.14 Total 5.14 Performance and other details of the Scheme have not been provided as it has not Cash & Cash Equivalent completed one year. Net Receivables/Payables 4.14 CBLO / Reverse Repo Investments 8.74 Total 12.87 GRAND TOTAL 100.00

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 Crossed Large Equity Debt •Dynamic asset allocation between equity and

200 crores tion ` fixed income based on equity market valuations

Medium t e Rebalancer Fund alisa Capit An Open Ended Dynamic Fund Mark All data as on May 31, 2017 (Unless indicated otherwise) ^For details, refer Page 2. Small

EQUITY INDUSTRY ALLOCATION PORTFOLIO DETAILS H Banks 6.26% Portfolio Holdings Industry/ % to Net % to Nav Y Pharmaceuticals 4.05% Rating Assets Derivatives B Auto 3.88% EQUITY HOLDINGS (UNHEDGED) Finance 2.82% Listed / awaiting listing on the R Consumer Non Durables 2.45% stock exchanges I Petroleum Products 2.11% Limited Finance 2.82 D Auto Ancillaries 1.73% IndusInd Bank Limited Banks 2.57 Non - Ferrous Metals 1.38% Yes Bank Limited Banks 2.07 Chemicals 1.11% Eicher Motors Limited Auto 2.06 S Software 1.01% Aurobindo Pharma Limited Pharmaceuticals 1.94 Media & Entertainment 0.87% Maruti Suzuki India Limited Auto 1.83 C HDFC Bank Limited Banks 1.62 H INVESTMENT OBJECTIVE Piramal Enterprises Limited Pharmaceuticals 1.50 Reliance Industries Limited Petroleum Products 1.49 E The Scheme aims at generating long term returns with lower volatility by following a Hindalco Industries Limited Non - Ferrous Metals 1.38 M disciplined allocation between equity and debt securities. The equity allocation will be ITC Limited Consumer Non Durables 1.35 determined based on the month end P/E ratio of the Nifty 50 Index. There is no assurance E Pidilite Industries Limited Chemicals 1.11 that the investment objectives of the Scheme will be realized and the Scheme does not Limited Consumer Non Durables 1.10 assure or guarantee any returns. Motherson Sumi Systems Limited Auto Ancillaries 1.09 BENCHMARK Zee Entertainment Enterprises Limited Media & Entertainment 0.87 Bosch Limited Auto Ancillaries 0.65 Nifty 50 (50%) & CRISIL Short Term Bond Fund Index (50%) Indian Oil Corporation Limited Petroleum Products 0.62 Sun Pharmaceutical Industries Limited Pharmaceuticals 0.61 DATE OF ALLOTMENT Infosys Limited Software 0.59 March 14, 2014 HCL Technologies Limited Software 0.42 Equity Holdings (Unhedged) Total 27.67 FUND MANAGER Portfolio Holdings Industry/ % to Net % to Nav Alok Singh (For Debt): (w.e.f. July 18, 2016) Around 17 years of experience, including 10 years Rating Assets Derivatives in mutual fund industry. EQUITY HOLDINGS (HEDGED) Saurabh Kataria (for Equity): (w.e.f. September 11, 2014) Around 12 years of industry Indiabulls Housing Finance Limited Finance 3.49 experience. Indiabulls Housing Finance (3.50) AVERAGE AUM Limited - Future Yes Bank Limited Banks 2.49 ` 204.20 Crs. Yes Bank Limited - Future (2.50)

$ Power Grid Corporation of India Limited Power 2.17 LATEST AUM Power Grid Corporation of India (2.18) ` 207.32 Crs. Limited - Future Other Equity Holding (Hedged) 29.35 MINIMUM APPLICATION AMOUNT (LUMPSUM) Other Stock Futures Holding (Hedged) (29.48) Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Equity Holdings (Hedged) Total 37.50 (37.66) Equity Holdings Total 65.17 ADDITIONAL PURCHASE AMOUNT BONDS & NCDs Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Dewan Housing Finance CARE AAA 5.35 TOTAL EXPENSE RATIO Corporation Limited Housing Development Finance CRISIL AAA 2.42 Regular Plan: 2.35% Corporation Limited Direct Plan: 1.79% Janalakshmi Financial Services Ltd. ICRA A+ 1.96 Average Expense Ratio excludes Service Tax on Management Fee IndoStar Capital Finance Ltd CARE AA- 1.46 IDFC Bank Limited ICRA AAA 1.45 AVERAGE MATURITY & MODIFIED DURATION Total 12.64 Average Maturity: 2.56 Years MONEY MARKET INSTRUMENTS Modified Duration: 1.8 Certificate of Deposit** Limited CRISIL A1+ 3.08 NAV NAV (`) Total 3.08 Regular Plan Direct Plan GOVERNMENT BOND Growth 14.2056 Growth 14.4085 Government of India SOV 4.49 Dividend 10.8759 Dividend 12.2474 Total 4.49 LOAD STRUCTURE (FOR ALL PLANS) FIXED DEPOSITS (MARGIN) HDFC Bank Limited 0.89 Entry Load NIL Total 0.89 Exit Load 1% if redeemed within 1 year from the date of allotment Cash & Cash Equivalent For Dividend History please refer page no. 14. Net Receivables/(Payables) after 8.48 adjusting for futures For Scheme Performance please refer page no. 15 to 19. CBLO / Reverse Repo / Liquid Fund Investments 5.25 Total 13.73 GRAND TOTAL 100.00 For complete list of holdings please visit our website www.boiaxa-im.com **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

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 May 31, 2017 Mark (Unless indicated otherwise) ^For details, refer Page 2. Small Capit

EQUITY INDUSTRY ALLOCATION COMPOSITION BY ASSETS H Finance 3.88% 8.63% Healthcare Services 1.96% Y Consumer Durables 1.68% Chemicals 1.18% Auto Ancillaries 1.15% 47.13% B Auto 1.10% Pharmaceuticals 1.01% 19.36% Industrial Products 0.86% R Industrial Capital Goods 0.81% Non - Ferrous Metals 0.77% I Software 0.74% Power 0.70% Petroleum Products 0.59% D Banks 0.54% Media & Entertainment 0.52% 24.88% Consumer Non Durables 0.51% Retailing 0.37% Ferrous Metals 0.35% S Cement 0.32% Bonds & NCDs Cash & Cash Equivalent Construction Project 0.31% C Equity & equity related securities Government Bond 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 Dr. Lal Path Labs Ltd. Healthcare Services 0.93 BENCHMARK Motilal Oswal Financial Services Limited Finance 0.90 CRISIL MIP Blended Index Housing & Urban Development Finance 0.84 Corporation Limited DATE OF ALLOTMENT Maruti Suzuki India Limited Auto 0.79 March 18, 2009 Hindalco Industries Limited Non - Ferrous Metals 0.77 SREI Infrastructure Finance Limited Finance 0.75 FUND MANAGER Repco Home Finance Limited Finance 0.69 Apollo Hospitals Enterprise Limited Healthcare Services 0.69 Alok Singh: (w.e.f. May 21, 2012) Around 17 years of experience, including 10 years in mutual BSE Limited Finance 0.69 fund industry. Century Plyboards (India) Limited Consumer Durables 0.65 Minda Industries Limited Auto Ancillaries 0.64 AVERAGE AUM Piramal Enterprises Limited Pharmaceuticals 0.64 ` 69.82 Crs. Crompton Greaves Consumer Electricals Limited Consumer Durables 0.61 Apar Industries Limited Industrial Capital Goods 0.61 LATEST AUM Castrol India Limited Petroleum Products 0.59 ` 73.04 Crs. RBL Bank Limited Banks 0.54 PVR Limited Media & Entertainment 0.52 MINIMUM APPLICATION AMOUNT (LUMPSUM) Advanced Enzyme Technologies Limited Consumer Non Durables 0.51 Steel Strips Wheels Limited Auto Ancillaries 0.50 Regular/ Direct Plan ` 10,000 and in multiples of ` 1 Vinati Organics Limited Chemicals 0.48 ADDITIONAL PURCHASE AMOUNT KEI Industries Limited Industrial Products 0.46 Blue Star Limited Consumer Durables 0.42 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 L&T Technology Services Limited Software 0.41 Sudarshan Chemical Industries Limited Chemicals 0.41 TOTAL EXPENSE RATIO Timken India Limited Industrial Products 0.40 Regular Plan: 2.25% Eco Plan: 2.00% PTC India Limited Power 0.39 Direct Plan: 1.70% V-Mart Retail Limited Retailing 0.37 Thyrocare Technologies Limited Healthcare Services 0.35 Average Expense Ratio excludes Service Tax on Management Fee Shankara Building Products Limited Ferrous Metals 0.35 Majesco Limited Software 0.33 AVERAGE MATURITY & MODIFIED DURATION UltraTech Cement Limited Cement 0.32 Average Maturity: 2.35 Years Torrent Power Limited Power 0.31 Larsen & Toubro Limited Construction Project 0.31 Modified Duration: 1.8 Eicher Motors Limited Auto 0.31 NAV NAV (`) Pidilite Industries Limited Chemicals 0.30 Aurobindo Pharma Limited Pharmaceuticals 0.20 Regular Plan Eco Plan Triveni Turbine Limited Industrial Capital Goods 0.20 Growth 19.5759 Growth 19.8229 Sun Pharmaceutical Industries Limited Pharmaceuticals 0.16 Total 19.36 Monthly Dividend 12.4168 Monthly Dividend 17.6881 Quarterly Dividend 11.3173 Quarterly Dividend 10.6633 Portfolio Holdings Industry/ % to Net Rating Assets Annual Dividend 10.6466 Annual Dividend - BONDS & NCDs Direct Plan Karuna Healthcare Private Limited IVR A(SO) 8.26 Growth 19.9179 Housing Development Finance CRISIL AAA 8.23 Corporation Limited Monthly Dividend 10.4615 IDFC Bank Limited ICRA AAA 6.88 Quarterly Dividend 11.4386 Halcyon Finance and Capital Advisors pvt Ltd. UNRATED 6.53 Annual Dividend 10.5302 Dewan Housing Finance Corporation Limited CARE AAA 5.53 IndoStar Capital Finance Ltd CARE AA- 4.14 LOAD STRUCTURE (FOR ALL PLANS) Aadhar Housing Finance Ltd CARE AA+(SO) 4.12 Entry Load NIL Indiabulls Housing Finance Limited CARE AAA 3.43 NTPC Limited CRISIL AAA 0.02 Exit Load • For redemption/switch out -of up to 10% of the initial units allotted - Total 47.13 within 1 year from the date of allotment: “NIL”. GOVERNMENT BOND • Any redemption/switch out-in excess of the above mentioned limit Government of India SOV 8.63 would be subject to an exit load of 1%, if the units are switched out Total 8.63 within 1 year from the date of allotment of units. Cash & Cash Equivalent Net Receivables/Payables 3.99 • If the units are redeemed/switched out after 1 year from the date of CBLO / Reverse Repo Investments 20.89 allotment of units : “NIL”. Total 24.88 For Dividend History please refer page no. 14. GRAND TOTAL 100.00 For Scheme Performance please refer page no. 15 to 19.

9 EquityEquity Fund Fund Hybrid Fund Debt Fund Liquid Fund THIS PRODUCT IS SUITABLE FOR INVESTORS CREDIT QUALITY BOI AXA WHO ARE SEEKING^: High Medium Low $ • Long term capital appreciation Crossed • Investment primarily in corporate debt High Corporate Credit e `1000 crores securities with medium to long term t maturities across the credit spectrum within Medium t Ra Spectrum Fund the universe of investment grade rating. es er t In Sensitivity An Open Ended Debt Scheme Low All data as on May 31, 2017 (Unless indicated otherwise) ^For details, refer Page 2.

CREDIT PROFILE COMPOSITION BY ASSETS D 1.03% 2.59% 0.95% E 3.58% 21.08% 3.75% 3.75% B 85.45% 5.15% 9.85% T 10.80%

S 12.99% 20.75% C 18.28% H Unrated A(SO) A-(SO) AAA A1+ Bonds & NCDs Commercial Paper A+ E Cash & Cash Equivalent A- AA BBB- Cash & Cash Equivalent Certificate of Deposit 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 BONDS & NCDs in rated, unrated instruments and structured obligations of public and private companies. Listed / awaiting listing on the stock exchanges BENCHMARK Karuna Healthcare Private Limited IVR A(SO) 9.33 Halcyon Finance and Capital Advisors pvt Ltd. UNRATED 8.59 CRISIL Composite Bond Fund Index Dewan Housing Finance Corporation Limited CARE AAA 7.79 DATE OF ALLOTMENT Accelarating Education and BWR A-(SO) 6.80 Development Private Limited February 27, 2015 Coffee Day Natural Resources Private Limited BWR A-(SO) 6.03 FUND MANAGER Resync Auto Solutions Private Limited BWR A-(SO) 5.44 Alok Singh: (w.e.f. February 27, 2015) Around 17 years of experience, including 10 years in Kwality Limited BWR A+ 5.15 mutual fund industry Liquid Investment And Trading Co. Pvt. Ltd. BWR A(SO) 4.95 Tyche Technologies Private Limited UNRATED /BWR A(SO) 4.89 AVERAGE AUM RKV Enterprise Private Limited UNRATED 4.07 ` 1,011.54 Crs. Bacchus Hospitality Services & BWR A(SO) 4.01 Real Estate Pvt Ltd LATEST AUM$ Enzen Global Solutions Pvt Ltd CRISIL A- 3.58 ` 1,055.06 Crs. Avantha Holdings Ltd UNRATED 2.98 IDFC Bank Limited ICRA AAA 2.69 MINIMUM APPLICATION AMOUNT (LUMPSUM) Piramal Enterprises Limited ICRA AA 2.59 Regular/ Direct Plan ` 5,000 and in multiples of ` 5,000 DRSR Logistics Private Limited UNRATED 2.57 Indiabulls Housing Finance Limited CARE AAA 2.37 ADDITIONAL PURCHASE AMOUNT Bhavya Cements Ltd IND BBB- 1.03 Regular/ Direct Plan ` 5,000 and in multiples of ` 5,000 Dinram Holdings Private Limited UNRATED 0.43 TOTAL EXPENSE RATIO LIC Housing Finance Limited CRISIL AAA 0.09 Indian Railway Finance Corp Ltd CRISIL AAA 0.05 Regular Plan: 1.85% Direct Plan: 1.75% Total 85.45

Average Expense Ratio excludes Service Tax on Management Fee MONEY MARKET INSTRUMENTS OTHER PARAMETERS Certificate of Deposit** ICICI Bank Limited ICRA A1+ 0.95 Average Maturity: 2.41 Years Total 0.95 Modified Duration: 1.7 Portfolio Yield: 11% Commercial Paper** NAV NAV (`) Aditya Birla Finance Ltd ICRA A1+ 5.59 Redington (India) Limited ICRA A1+ 3.32 Regular Plan: 12.4590 Direct Plan: 12.4933 Indiabulls Housing Finance Limited CRISIL A1+ 0.47 LOAD STRUCTURE (FOR ALL PLANS) Housing Development Finance ICRA A1+ 0.47 Corporation Limited Entry Load NIL Total 9.85 Exit Load • 4% if redeemed within 12 months from the date of allotment Cash & Cash Equivalent • 3% if redeemed after 12 months but within 24 months from the date Net Receivables/Payables 0.35 of allotment CBLO / Reverse Repo / Liquid Fund Investments 3.40 Total 3.75 • 2% if redeemed after 24 months but within 36 months from the date of allotment GRAND TOTAL 100.00 • Nil if redeemed after 36 months from the date of allotment All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating, Brickwork. For Dividend History please refer page no. 14. **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations For Scheme Performance please refer page no. 15 to 19. and Guidelines.

10 EquityEquity Fund Fund HybridHybrid Fund Fund Liquid FundDebt Fund Liquid Fund CREDIT QUALITY THIS PRODUCT IS SUITABLE FOR INVESTORS BOI AXA WHO ARE SEEKING^: High Medium Low $ • Regular income over short to medium term. Short Term Crossed High e `350 crores • Investment in Debt/ Money Market t Instruments/ Govt. Securities with portfolio Income Fund Medium t Ra average maturity not exceeding 5 years. es

An Open Ended Income Scheme er t In All data as on May 31, 2017 Sensitivity (Unless indicated otherwise) ^For details, refer Page 2. Low

CREDIT PROFILE COMPOSITION BY ASSETS I 1.14% 0.68% 1.71% Duration % of Assets N 2.58% C 4.45% 37.64% 4.53% Upto 3 months 11.76 O 5.25% M 7.42% 3 months to 6 months 8.55 E 11.63% 6 months to 1 year 27.21 22.97% S AAA AA Cash & Cash Equivalent A+ A-(SO) > 1 year 52.48 C A1+ Sovereign AA- A(SO) AA+(SO) A- 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 portfolio of debt and money market securities. However, there can be no assurance that the M Rating Assets income can be generated, regular or otherwise, or the investment objectives of the Scheme E will be realized. BONDS & NCDs BENCHMARK Listed / awaiting listing on the stock exchanges CRISIL Short Term Bond Fund Index Dewan Housing Finance Corporation Limited CARE AAA 9.89 DATE OF ALLOTMENT IDFC Bank Limited ICRA AAA 9.45 December 18, 2008 Housing Development Finance Corporation Limited CRISIL AAA 9.40 FUND MANAGER Cox & Kings Limited CARE AA 8.53 Alok Singh: (w.e.f. May 1, 2014) Around 17 years of experience, including 10 years in mutual Piramal Enterprises Limited ICRA AA 8.20 fund industry. Piramal Finance Private Limited ICRA AA 6.25 Piyush Baranwal: (w.e.f. July 18, 2016) Over 9 years’ experience in Portfolio Management and Power Finance Corporation Limited CRISIL AAA 5.83 trading in Fixed Income securities. Janalakshmi Financial Services Ltd. ICRA A+ 4.33 AVERAGE AUM Kwality Limited BWR A+ 3.09 Accelarating Education and Development BWR A-(SO) 2.92 ` 346.24 Crs. Private Limited LATEST AUM$ LIC Housing Finance Limited CRISIL AAA 2.86 ` 351.76 Crs. IndoStar Capital Finance Ltd CARE AA- 2.58 MINIMUM APPLICATION AMOUNT (LUMPSUM) Coffee Day Natural Resources Private Limited BWR A-(SO) 2.33 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Karuna Healthcare Private Limited IVR A(SO) 1.71 ADDITIONAL PURCHASE AMOUNT Aadhar Housing Finance Ltd CARE AA+(SO) 1.14 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Enzen Global Solutions Pvt Ltd CRISIL A- 0.68 TOTAL EXPENSE RATIO Indiabulls Housing Finance Limited CARE AAA 0.14 Regular Plan: 1.35% Indian Railway Finance Corp Ltd CRISIL AAA 0.06 Direct Plan: 0.55% Total 79.40 Average Expense Ratio excludes Service Tax on Management Fee MONEY MARKET INSTRUMENTS OTHER PARAMETERS Certificate of Deposit** Average Maturity: 2.02 Years HDFC Bank Limited CARE A1+ 1.41 Modified Duration: 1.5 Total 1.41 Portfolio Yield: 8.23% NAV NAV (`) Commercial Paper** Regular Plan Direct Plan Shapoorji Pallonji and Company Private Ltd ICRA A1+ 3.12 Growth 18.1469 Growth 18.9153 Total 3.12 Monthly Dividend 10.4083 Monthly Dividend 10.4211 Quarterly Dividend 10.3791 Quarterly Dividend 10.5343 GOVERNMENT BOND LOAD STRUCTURE (FOR ALL PLANS) Government of India SOV 4.45 Total 4.45 Entry Load NIL Exit Load • For redemption/switch out - of upto10% of the initial-units allotted Cash & Cash Equivalent within 6 months from the date of allotment : “NIL”. Net Receivables/Payables 6.31 • Any redemption/switch out - in excess of the above mentioned limit CBLO / Reverse Repo Investments/ Liquid Fund Investments 5.31 would be subject to an exit load of 1%, if the units are switched out Total 11.63 within 6 months from the date of allotment of units. • If the units are switched out after 6 months from the date of GRAND TOTAL 100.00 allotment of units: “NIL”. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating. For Dividend History please refer page no. 14. **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations For Scheme Performance please refer page no. 15 to 19. and Guidelines.

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 May 31, 2017 (Unless indicated otherwise) ^For details, refer Page 2.

CREDIT PROFILE COMPOSITION BY ASSETS I 2.52% 0.97% 6.50% N 5.93% C 6.50% 27.73% 65.77% O 6.84% 27.73% M 8.29% E 20.77% 20.46% S A1+ AA AAA AA+(SO) A+ Bonds & NCDs Commercial Paper A-(SO) A(SO) AA- C Cash & Cash Equivalent 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 BENCHMARK BONDS & NCDs CRISIL Liquid Fund Index Listed / awaiting listing on the stock exchanges DATE OF ALLOTMENT Dewan Housing Finance Corporation Limited CARE AAA 8.93

July 16, 2008 Cox & Kings Limited CARE AA 8.66

FUND MANAGER IDFC Bank Limited IND AAA 8.53 Aadhar Housing Finance Ltd CARE AA+(SO) 8.29 Piyush Baranwal: (w.e.f July 18, 2016) Over 9 years’ experience in Portfolio Management and trading in Fixed Income securities. Janalakshmi Financial Services Ltd. ICRA A+ 6.84

AVERAGE AUM Piramal Enterprises Limited ICRA AA 6.72 Coffee Day Natural Resources Private Limited BWR A-(SO) 5.93 ` 476.48 Crs. Piramal Finance Private Limited ICRA AA 5.39 LATEST AUM Indiabulls Housing Finance Limited CARE AAA 3.00 ` 519.45 Crs. Liquid Investment And Trading Co. Pvt. Ltd. BWR A(SO) 2.52 MINIMUM APPLICATION AMOUNT (LUMPSUM) Manappuram Finance Limited CRISIL AA- 0.97 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Total 65.77 ADDITIONAL PURCHASE AMOUNT

Regular/ Direct Plan ` 1,000 and in multiples of ` 1 MONEY MARKET INSTRUMENTS Commercial Paper** TOTAL EXPENSE RATIO Tata Housing Development Co Ltd CARE A1+ 6.68 Regular Plan: 0.55% Chambal Fertilizers & Chemicals Limited CRISIL A1+ 4.79 Direct Plan: 0.42% Afcons Infrastructure Ltd ICRA A1+ 4.72 Average Expense Ratio excludes Service Tax on Management Fee Shapoorji Pallonji and Company Private Ltd ICRA A1+ 4.62 OTHER PARAMETERS Sterling and Wilson Pvt Ltd IND A1+ 3.85 Average Maturity: 8.89 Months Forbes & Company Ltd ICRA A1+ 1.92 Modified Duration: 0.6 Aditya Birla Finance Ltd ICRA A1+ 1.15 Portfolio Yield: 8.07% Total 27.73 NAV NAV (`)

Regular Plan Direct Plan Cash & Cash Equivalent Growth 1,977.6268 Growth 1,999.6541 Bonus - Bonus 1,992.4934 Net Receivables/Payables 2.86 Daily Dividend 1,007.4498 Daily Dividend 1,006.9034 CBLO / Reverse Repo Investments 3.63 Weekly Dividend 1,008.4293 Weekly Dividend 1,007.8987 Total 6.50 LOAD STRUCTURE (FOR ALL PLANS)

Entry Load NIL GRAND TOTAL 100.00 Exit Load NIL All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating. For Dividend History please refer page no. 14. **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. For Scheme Performance please refer page no. 15 to 19.

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 May 31, 2017 Sensitivity (Unless indicated otherwise) ^For details, refer Page 2. Low

CREDIT PROFILE COMPOSITION BY ASSETS L 1.85% 3.70% 1.85% I 3.70% 4.50% 4.50% Q 9.56% 12.78% U 67.61% 63.62% I 12.78% 13.56% D

S Commercial Paper Certificate of Deposit Treasury Bills Sovereign A1+(SO) Cash & Cash Equivalent AAA Fixed Deposits C A1+ Cash & Cash Equivalent Bonds & NCDs Fixed Deposits 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. There is no assurance that the investment BONDS & NCDs E objective of the scheme will be achieved. Listed / awaiting listing on the stock exchanges IDFC Bank Limited ICRA AAA 3.70 BENCHMARK Total 3.70 MONEY MARKET INSTRUMENTS CRISIL Liquid Fund Index Certificate of Deposit** DATE OF ALLOTMENT Abu Dhabi Commercial Bank (ADCB) CRISIL A1+ 3.69 ICICI Bank Limited ICRA A1+ 3.69 July 16, 2008 Axis Bank Limited CRISIL A1+ 3.21 IDFC Bank Limited ICRA A1+ 1.85 FUND MANAGER Oriental Bank of Commerce CRISIL A1+ 1.11 Total 13.56 Piyush Baranwal: (w.e.f. July 18, 2016) Over 9 years’ experience in Portfolio Management and Commercial Paper** trading in Fixed Income securities. PNB Housing Finance Limited CARE A1+ 7.39 Piramal Finance Private Limited ICRA A1+ 6.97 AVERAGE AUM Tata Housing Development Co Ltd CARE A1+ 4.77 Surya Roshni Limited (SBLC with Banks) ICRA A1+(SO) 4.05 ` 1,206.41 Crs. APL Apollo Tubes Limited (SBLC with Banks) ICRA A1+(SO) 3.70 Manappuram Finance Limited CRISIL A1+ 3.64 LATEST AUM JM Financial Asset Reconstruction Pvt Ltd ICRA A1+ 3.63 PTC India Financial Services Limited CRISIL A1+ 3.32 ` 1,352.07 Crs. Afcons Infrastructure Ltd ICRA A1+ 3.31 JM Financial Products Ltd ICRA A1+ 3.30 MINIMUM APPLICATION AMOUNT (LUMPSUM) Piramal Enterprises Limited ICRA A1+ 2.92 Regular/ Direct Plan ` 5,000 and in multiples of ` 1 Shapoorji Pallonji and Company Private Ltd ICRA A1+ 2.88 Sterling and Wilson Pvt Ltd IND A1+ 2.22 ADDITIONAL PURCHASE AMOUNT Cox & Kings Limited CARE A1+ 1.98 Reliance Industries Limited ICRA A1+ 1.84 Regular/ Direct Plan ` 1,000 and in multiples of ` 1 Company Limited ICRA A1+ 1.84 Edelweiss Commodities Services Ltd CRISIL A1+ 1.84 TOTAL EXPENSE RATIO Aadhar Housing Finance Ltd CARE A1+(SO) 1.82 Redington (India) Limited ICRA A1+ 1.11 Regular Plan: 0.20% Aditya Birla Finance Ltd ICRA A1+ 0.74 Direct Plan: 0.12% Reliance Jio Infocomm Limited CRISIL A1+ 0.37 Total 63.62 Average Expense Ratio excludes Service Tax on Management Fee FIXED DEPOSITS (MARGIN) Limited 1.85 OTHER PARAMETERS Total 1.85 Average Maturity: 1.19 Months Treasury Bill Modified Duration: 0.1 Government of India SOV 12.78 Portfolio Yield: 6.62% Total 12.78 Cash & Cash Equivalent NAV NAV (`) Net Receivables/Payables 0.25 CBLO / Reverse Repo Investments 4.25 Regular Plan Direct Plan Total 4.50

Growth 1,885.9868 Growth 1,894.3180 GRAND TOTAL 100.00 Daily Dividend 1,002.1069 Daily Dividend 1,002.6483 All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, India Rating. Weekly Dividend 1,001.6797 Weekly Dividend 1,061.9459 **Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. LOAD STRUCTURE (FOR ALL PLANS) # 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 Entry Load NIL 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 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 the For Dividend History please refer page no. 14. 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 19. 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 18-December-2014 7.00 19.08 27-December-2010 0.043921 10.1575a 28-March-2016 1.00 10.28 27-December-2010 0.040935 10.1575b 27-March-2017 0.50 11.74 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 25-March-2015 6.40 11.11 Institutional Quarterly Dividend 29-December-2009 0.1751890 10.2708a Eco Plan - Regular Dividend b 25-March-2015 5.00 14.41 29-December-2009 0.1630520 10.2708 28-March-2016 1.00 11.90 Regular Monthly Dividend 27-March-2017 1.00 13.27 27-March-2017 0.02166791 10.3888a Eco Plan - Quarterly Dividend 27-March-2017 0.02007496 10.3888b 25-March-2014 0.10 12.47 25-April-2017 0.05055861 10.3821a 25-June-2014 0.30 14.70 25-April-2017 0.04684155 10.3821b 25-March-2015 6.30 10.67 25-May-2017 0.04333581 10.3883a Eco Plan - Annual Dividend 25-May-2017 0.04014988 10.3883b 18-December-2014 5.00 18.59 Regular Quarterly Dividend Institutional Plan - a # 27-September-2016 0.14445337 10.2628 Regular Dividend 27-September-2016 0.13383326 10.2628b 15-October-2009 1.00 - 26-December-2016 0.14445314 10.2869a 25-November-2009 1.00 - a 29-April-2010 1.00 - 27-March-2017 0.18056634 10.2312 Direct Monthly Dividend Institutional Plan - a # 27-March-2017 0.05778143 10.4142 Quarterly Dividend 27-March-2017 0.05353318 10.4142b 25-November-2009 1.00 - a 25-April-2017 0.06500367 10.3954 29-March-2010 1.00 - b 29-April-2010 1.00 - 25-April-2017 0.06022486 10.3954 25-May-2017 0.05055794 10.3995a Direct Plan - Regular Dividend b 28-March-2016 1.00 11.99 25-May-2017 0.04684153 10.3995 27-June-2016 0.10 10.83 Direct Quarterly Dividend 27-March-2017 1.00 13.42 27-June-2016 0.14457839 10.2022a Direct Plan - Quarterly Dividend 27-September-2016 0.14453089 10.3472a 27-September-2016 0.20 11.73 26-December-2016 0.14453089 10.3965a 26-December-2016 0.19 10.21 27-March-2017 0.18060659 10.3671a 27-March-2017 0.15 11.57 BOI AXA Tax Advantage Fund HYBRID FUND$ Regular Plan 25-March-2015 2.00 18.20 28-March-2016 2.00 14.19 Record Date Dividend/ Unit NAV^ as on 27-March-2017 4.00 13.26 Declared (in `) Record Date Eco Plan 25-March-2015 2.00 17.94 BOI AXA Regular Return Fund 28-March-2016 2.00 14.07 27-March-2017 4.00 13.24 Regular Monthly Dividend 27-March-2017 0.07222637 12.2685a Direct Plan b 25-March-2015 0.77 20.61 27-March-2017 0.06687980 12.2685 25-April-2017 0.07222649 12.4350a BOI AXA Manufacturing & Infrastructure Fund** 25-April-2017 0.06687980 12.4350b 25-May-2017 0.07222643 12.3534a Regular Plan - Regular Dividend b 27-March-2017 1.00 12.60 25-May-2017 0.06687980 12.3534 Regular Plan - Quarterly Dividend Regular Quarterly Dividend 27-September-2016 0.20 11.96 27-September-2016 0.14445288 11.1960a 26-December-2016 0.20 10.83 26-December-2016 0.18056628 10.7926a 27-March-2017 0.25 12.27 27-March-2017 0.18056586 11.0034a Direct Plan - Regular Dividend Regular Annual Dividend 27-March-2017 0.50 13.57 a 27-September-2016 0.14445300 10.5621 a $ 26-December-2016 0.18056394 10.1674 HYBRID FUND 27-March-2017 0.18056840 10.3515a Regular Plan Regular Dividend Record Date Dividend/ Unit NAV^ as on 27-May-2013 0.105113 12.1665a Declared (in `) Record Date 27-May-2013 0.089559 12.1665b 25-June-2013 0.389636 12.0556a BOI AXA Equity Debt Rebalancer Fund 25-June-2013 0.373162 12.0556b 25-March-2014 0.389636 10.9004a Regular Plan - Regular Dividend b 25-March-2015 0.18146626 10.9382a 25-March-2014 0.373162 10.9004 29-June-2015 0.18056668 10.738a b Direct Monthly Dividend 29-June-2015 0.16728022 10.738 a a 27-March-2017 0.07222646 10.3566 28-September-2015 0.1444532 10.6123 a 28-December-2015 0.1444529 10.511a 25-April-2017 0.07222343 10.4864 28-December-2015 0.13383191 10.511b 25-May-2017 0.07222382 10.4068a 28-March-2016 0.14445300 10.2233a b Direct Quarterly Dividend 28-March-2016 0.1338327 10.2233 a 27-June-2016 0.13982874 10.3600a 27-September-2016 0.14444700 11.2697 27-June-2016 0.12954882 10.3600b 26-December-2016 0.18061465 10.8798a a 27-September-2016 0.16484636 10.7315 27-March-2017 0.18061465 11.1104a 27-September-2016 0.16484636 10.7315b 26-December-2016 0.19900249 10.0711a Direct Annual Dividend 26-December-2016 0.19900249 10.0711b 18-December-2014 0.0181466 11.0972a a 27-March-2017 0.20000000 10.5979 18-December-2014 0.0168285 11.0972b Direct Plan - Regular Dividend a Eco Monthly Dividend 28-December-2015 0.14445591 11.6869 a 28-March-2016 0.14445587 11.3988a 27-March-2017 0.07221602 17.3848 27-June-2016 0.14445289 11.5754a 25-April-2017 0.07221602 17.6664a b 27-June-2016 0.13383290 11.5754 25-May-2017 0.07221602 17.5967a 27-September-2016 0.20000000 11.9897a 27-September-2016 0.20000000 11.9897b Eco Quarterly Dividend 26-December-2016 0.20000000 11.2902a 27-September-2016 0.14442565 10.5581a 26-December-2016 0.20000000 11.2902b a a 26-December-2016 0.18060867 10.1705 27-March-2017 0.20000000 11.9222 27-March-2017 0.18060867 10.3625a $Face Value - ` 10/- Eco Plan Regular Dividend 26-December-2012 0.440456 13.1164a ^Pursuant to payment of dividend, NAV of the Dividend Option of the Plan/ Scheme falls to the extent of such b dividend payment and applicable statutory levy (taxes, levies, cess etc.), if any. 26-December-2012 0.377515 13.1164 #Since there are no investors in BOI AXA Equity Fund - Institutional Plan - Regular Dividend and Institutional 25-March-2013 0.440456 12.5487a Plan - Quarterly Dividend the data of NAV as on record date is not provided 25-March-2013 0.377515 12.5487b a b Individual/ HUFs. Others. Past performance may or may no be sustained in the future. 25-March-2014 0.779271 11.5826a **Name of the fund has been changed from BOI AXA Focused Infrastructure Fund to BOI AXA Manufacturing b & Infrastructure Fund w.e.f. January 19, 2016. 25-March-2014 0.746324 11.5826 For complete Dividend History please visit www.boiaxa-im.com 14 Fund - Manager wise Scheme Performance All data as on May 31, 2017 (Unless indicated otherwise)

BOI AXA Equity Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Alok Singh Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Additional Scheme Benchmark Additional Returns Returns Benchmark Returns Returns Benchmark (%) ^ (Nifty 50) Returns (`) (Nifty 50) Returns (%) (%) (`) (`)

1 year 18.26% 17.91% N.A. 11,826 11,791 N.A.

3 years 12.39% 9.97% N.A. 14,204 13,307 N.A.

5 years 15.88% 14.33% N.A. 20,904 19,539 N.A.

Since inception* 14.51% 13.48% N.A. 32,130 29,742 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - October 21, 2008. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Alok Singh has been managing the Scheme since February 16, 2017. In addition to this scheme, He manages 3 open ended schemes and co-manages 3 open ended schemes of BOI AXA Mutual Fund. 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan. BOI AXA Manufacturing & Infrastructure Fund** - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Alok Singh Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Returns Additional Scheme Benchmark Returns Additional Returns S&P BSE Infrastructure Benchmark Returns S&P BSE Infrastructure Benchmark (%) ^ Index (50%) & S&P Returns (`) Index (50%) & S&P Returns (Nifty 50) BSE Manufacturing (Nifty 50) BSE Manufacturing (`) Index (50%) (%) (%) Index (50%) (`) 1 year 26.38% 28.55% 17.91% 12,638 12,855 11,791

3 years 13.08% 2.20% 9.97% 14,469 10,675 13,307

5 years 15.07% 9.07% 14.33% 20,192 15,444 19,546

Since inception* 5.61% -0.08% 9.19% 14,850 9,945 18,907

^ Past performance may or may not be sustained in the future. *Date of Allotment - March 5, 2010. **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. @ In case, the start date or the end date of the concerned period is a non- business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Alok Singh has been managing the Scheme since February 16, 2017. In addition to this scheme, He manages 3 open ended schemes and also co-manages 3 open ended schemes of BOI AXA Mutual Fund. 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan. 5. Fundamental Attributes and Name of the fund have been changed from BOI AXA Focused Infrastructure Fund to BOI AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. Notes 1. The details & returns for close ended schemes have not been disclosed as these are not comparable with other schemes. 2. Returns of only those schemes that have completed one year have been given. PERFORMANCE CHART PERFORMANCE CHART 400 160 350 140 300 120 250 100 200 80 150 60 100 40 50 20 0 0 y-13 y-15 y-12 y-17 y-16 y-14 y-15 y-09 y-17 y-16 y-10 eb-13 eb-15 eb-12 eb-17 eb-16 eb-14 eb-09 eb-17 eb-16 eb-10 5-Jul-13 3-Jun-11 8-Jun-10 1-F 1-Sep-11 7-F 6-Sep-10 5-Dec-10 6-Jun-11 5-Aug-16 9-Nov-15 8-Oct-13 3-Nov-16 1-Apr-13 1-F 5-Mar-11 9-Sep-11 2-Ma 4-Aug-15 7-Ma 20-Jul-14 7-Nov-15 3-Mar-11 22-F 12-F 28-F 1-Ma 7-Ma 17-F 26-Jan-15 11-Jan-14 21-Aug-13 11-Aug-15 26-Aug-12 20-Jun-12 16-Aug-14 19-Nov-13 24-Nov-12 30-Nov-11 29-Oct-08 14-Nov-14 23-Oct-14 24-F 16-Apr-14 23-Sep-12 10-F 16-F 10-Mar-10 27-Dec-12 13-Dec-11 23-Ma 13-Ma 28-Ma 10-Aug-09 18-Ma 18-Aug-16 25-Aug-10 13-Nov-09 21-Nov-16 28-Nov-10 17-Mar-12 30-Ma 15-Ma 22-Ma BOI AXA Equity Fund - Regular Plan - Nifty 50 BOI Manufacturing & Infrastructure Fund Benchmark* Growth Option Fund** - Regular 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%) 15 Fund - Manager wise Scheme Performance All data as on May 31, 2017 (Unless indicated otherwise)

BOI AXA Regular Return Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Alok Singh Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Returns Additional Scheme Benchmark Returns Additional Returns (CRISIL MIP Benchmark Returns (CRISIL MIP Benchmark (%) ^ Blended Index) Returns (`) Blended Index) Returns (%) (%) (`) (`)

1 year 11.86% 12.07% N.A. 11,186 11,207 N.A.

3 years 10.29% 10.70% N.A. 13,422 13,575 N.A.

5 years 10.24% 10.29% N.A. 16,287 16,324 N.A.

Since inception* 8.52% 9.54% N.A. 19,576 21,129 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - March 18, 2009. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Alok Singh has been managing the Scheme since May 21, 2012. In addition to this scheme, He manages 3 open ended schemes and also co-manages 3 open ended schemes of BOI AXA Mutual Fund 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan. BOI AXA Corporate Credit Spectrum Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Alok Singh Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Returns Additional Scheme Benchmark Returns Additional Returns (CRISIL Composite Benchmark Returns (CRISIL Composite Benchmark (%) ^ Bond Fund Index) Returns (`) Bond Fund Index) Returns (%) (%) (`) (`)

1 year 10.83% 10.95% N.A. 11,083 11,095 N.A.

3 years N.A. N.A. N.A. N.A. N.A. N.A.

5 years N.A. N.A. N.A. N.A. N.A. N.A.

Since inception* 10.22% 9.49% N.A. 12,459 12,275 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - February 27, 2015. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Alok Singh has been managing the Scheme since February 27, 2015. In addition to this scheme, He manages 3 open ended schemes and also co-manages 3 open ended schemes of BOI AXA Mutual Fund 2. This Scheme has been in existence for more than 1 year but less than 3 years hence performance data for 3 years and more is not provided. 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan.

Notes 1. The details & returns for close ended schemes have not been disclosed as these are not comparable with other schemes. 2. Returns of only those schemes that have completed one year have been given. PERFORMANCE CHART PERFORMANCE CHART 250 140 120 200 100 150 80 100 60 40 50 20 0 0 y-15 y-17 y-16 y-13 y-15 y-17 y-16 y-14 eb-15 eb-17 eb-16 eb-13 eb-15 eb-17 eb-16 eb-14 2-Jul-15 2-Jan-17 7-Jun-15 2-Apr-16 8-Dec-16 27-Jul-15 5-Aug-16 11-Jul-16 4-Nov-15 2-Jun-12 8-Jun-11 8-Mar-16 6-F 6-Sep-11 7-Ma 5-Dec-11 27-Jan-17 18-Jan-16 16-Jun-16 8-Nov-16 10-Oct-15 19-Oct-16 4-Mar-12 18-Apr-15 12-Apr-17 27-F 27-Apr-16 21-F 15-Sep-15 12-F 24-Sep-16 7-Ma 24-Dec-15 21-Aug-15 30-Aug-16 29-Nov-15 18-Jun-09 13-Nov-16 13-Jun-10 24-Mar-15 18-Mar-17 27-F 17-F 12-F 16-Sep-09 22-F 11-Sep-10 13-Ma 22-Ma 15-Dec-09 10-Dec-10 26-Aug-13 16-Aug-15 31-Aug-12 10-Aug-16 21-Aug-14 24-Nov-13 14-Nov-15 29-Nov-12 19-Nov-14 10-Mar-11 20-Mar-09 15-Mar-10 28-Ma 18-Ma 12-Ma 23-Ma BOI AXA Regular Return Fund - CRISIL MIP Blended BOI AXA Corporate Credit Spectrum Fund - CRISIL Composite Bond Regular Plan - Growth Option Index Regular Plan - Growth Option Fund Index

16 Fund - Manager wise Scheme Performance All data as on May 31, 2017 (Unless indicated otherwise)

BOI AXA Equity Debt Rebalancer Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Co-Fund Manager - Alok Singh & Saurabh Kataria Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Returns Additional Scheme Benchmark Returns Additional Returns (CRISIL Short Term Benchmark Returns (CRISIL Short Term Benchmark (%) ^ Bond Fund Index and Returns (`) Bond Fund Index and Returns S&P Nifty 50) (%) (%) S&P Nifty 50) (`) (`)

1 year 10.44% 13.36% N.A. 11,044 11,336 N.A.

3 years 9.96% 9.52% N.A. 13,303 13,143 N.A.

5 years N.A. N.A. N.A. N.A. N.A. N.A.

Since inception* 11.52% 11.09% N.A. 14,206 14,029 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - March 14, 2014. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Alok Singh & Mr. Saurabh Kataria have been managing the Scheme as co fund managers since July 18, 2016 and September 11, 2014 respectively. In addition to this scheme, Mr. Alok Singh manages 4 open ended schemes and also co-manages 2 open ended schemes of BOI AXA Mutual Fund. Mr. Saurabh Kataria, In addition to this scheme, manages 1 open ended scheme and also co-manages 4 close ended schemes of BOI AXA Mutual Fund 2. This Scheme has been in existence for more than 1 year but less than 3 years hence performance data for 3 years and more is not provided. 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan.

BOI AXA Tax Advantage Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Saurabh Kataria Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Additional Scheme Benchmark Additional Returns Returns Benchmark Returns Returns Benchmark (%) ^ (Nifty 50) Returns (`) (Nifty 50) Returns (%) (%) (`) (`)

1 year 22.19% 17.91% N.A. 12,219 11,791 N.A.

3 years 14.49% 9.97% N.A. 15,018 13,307 N.A.

5 years 18.15% 14.33% N.A. 23,030 19,539 N.A.

Since inception* 19.88% 16.29% N.A. 44,770 34,828 N.A.

^ Past performance may or may not be sustained in the future. *Date of Allotment - February 25, 2009. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Saurabh Kataria has been managing the Scheme since June 29, 2013. In addition to this scheme, He co-manages 1 open ended scheme and 4 close ended schemes of BOI AXA Mutual Fund 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan.

Notes 1. The details & returns for close ended schemes have not been disclosed as these are not comparable with other schemes. 2. Returns of only those schemes that have completed one year have been given. PERFORMANCE CHART PERFORMANCE CHART 140 500 120 450 400 100 350 80 300 60 250 200 40 150 20 100 50 0 0 y-15 y-17 y-16 y-14 y-11 y-17 y-14 eb-09 eb-17 eb-14 7-Jan-17 9-Sep-16 17-Jul-15 11-Jul-16 22-Jul-14 8-Nov-16 8-Mar-17 7-Ma 18-Jan-15 13-Jan-16 2-Jan-16 7-Jun-09 7-Apr-13 15-Sep-15 3-Apr-10 5-F 1-F 20-Sep-14 16-Jul-13 20-Jul-16 12-Jul-10 14-Nov-15 19-Nov-14 19-Mar-15 8-Mar-15 3-Mar-12 13-Mar-16 24-Mar-14 18-Ma 8-Ma 12-Ma 23-Ma 28-Jan-11 16-Jun-15 11-Jun-12 24-Oct-13 28-Oct-16 20-Oct-10 11-Apr-16 27-F 24-Sep-15 19-Sep-12 15-Sep-09 28-Dec-12 24-Dec-09 16-Aug-11 20-Aug-14 24-Nov-11 28-Nov-14 16-Ma 12-Ma BOI AXA Equity Debt Rebalancer Nifty 50 (50%) & CRISIL Short BOI AXA Tax Advantage Fund - Nifty 50 Fund - Regular Plan - Growth Option Term Bond Fund Index (50%) Regular Plan - Growth Option

17 Fund - Manager wise Scheme Performance All data as on May 31, 2017 (Unless indicated otherwise)

BOI AXA Short Term Income Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Co-Fund Manager - Alok Singh & Piyush Baranwal Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Returns Additional Benchmark Scheme Benchmark Returns Additional Benchmark Returns (CRISIL Short Term Returns Returns (CRISIL Short Term Returns (%) ^ Bond Fund Index) (CRISIL 1 Year (`) Bond Fund Index) (CRISIL 1 Year (%) T-Bill Index) (%) (`) T-Bill Index) (`)

1 year 9.54% 8.82% 6.68% 10,954 10,882 10,668

3 years 9.22% 9.07% 7.62% 13,035 12,980 12,471

5 years 8.60% 9.08% 7.38% 15,112 15,446 14,281

Since inception* 7.30% 8.14% 6.28% 18,147 19,378 16,732

^ Past performance may or may not be sustained in the future. *Date of Allotment - December 18, 2008. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Alok Singh & Mr. Piyush Baranwal have been managing the Scheme as co fund managers since May 2014 and July 11, 2014 respectively. In addition to this scheme, Mr. Alok Singh manages 4 open ended schemes and also co-manages 2 open ended schemes of BOI AXA Mutual Fund. Mr. Piyush Baranwal, In addition to this scheme, manages 2 open ended schemes and also co-manages 1 open ended and 4 close ended schemes of BOI AXA Mutual Fund. 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan.

BOI AXA Treasury Advantage Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Piyush Baranwal Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Additional Scheme Benchmark Additional Returns Returns # Benchmark Returns Returns # Benchmark (%) ^ (%) Returns ## (`) (`) Returns ## (%) (`)

1 year 8.98% 6.96% 6.51% 10,898 10,696 10,651

3 years 8.92% 7.89% 7.62% 12,927 12,562 12,469

5 years 9.02% 8.28% 7.97% 15,403 14,888 14,679

Since inception* 7.98% 7.64% 6.65% 19,776 19,226 17,722

^ Past performance may or may not be sustained in the future. *Date of Allotment - July 16, 2008. #CRISIL Liquid Fund Index ##CRISIL91 Day T-Bill Index @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Piyush Baranwal has been managing the Scheme since July 18, 2016. In addition to this scheme, He manages 1 open ended scheme and also co-manages 2 open ended and 4 close ended schemes of BOI AXA Mutual Fund. 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan.

Notes 1. The details & returns for close ended schemes have not been disclosed as these are not comparable with other schemes. 2. Returns of only those schemes that have completed one year have been given.

PERFORMANCE CHART PERFORMANCE CHART 250 250

200 200

150 150

100 100

50 50

0 0 y-11 y-17 y-16 y-10 y-15 y-09 y-17 y-16 y-10 eb-11 eb-17 eb-16 eb-10 eb-15 eb-16 eb-14 9-Jul-14 3-Jan-14 1-Jan-10 8-Apr-14 1-Sep-11 2-F 8-F 5-Dec-11 2-Oct-15 27-Jul-15 2-Aug-09 5-Apr-12 18-Jul-08 12-Jul-14 2-Sep-12 9-F 5-Nov-09 9-Mar-12 6-Dec-14 19-Jul-15 4-Aug-09 28-Jul-16 7-Nov-11 7-Ma 7-Mar-09 18-Jan-15 24-Jan-09 27-Jun-13 12-Jun-12 5-Ma 30-Oct-15 21-Oct-08 15-Oct-14 30-Jan-13 23-Apr-15 21-Jan-12 11-Jan-11 29-Apr-09 23-F 16-F 30-Sep-13 15-Sep-12 29-Jun-13 19-Jun-12 10-Jun-11 19-Dec-12 18-Oct-09 11-Oct-16 28-Oct-10 15-Apr-13 10-Aug-16 19-F 17-Aug-10 12-Sep-13 25-Apr-14 29-F 13-Nov-16 22-Sep-14 20-Nov-10 16-Dec-15 24-Mar-13 22-Dec-08 25-Dec-16 24-Aug-11 14-Aug-10 26-Nov-13 16-Nov-12 29-Ma 22-Ma 14-Ma 27-Mar-11 10-Mar-17 17-Mar-10 21-Ma 24-Ma 14-Ma 31-Ma BOI AXA Short Term Income Fund - CRISIL Short Term BOI AXA Treasury Advantage Fund - CRISIL Liquid Regular Plan - Growth Option Bond Fund Index Regular Plan - Growth Option Fund Index

18 Fund - Manager wise Scheme Performance All data as on May 31, 2017 (Unless indicated otherwise)

BOI AXA Liquid Fund - Regular Plan - Growth Option - PERFORMANCE (as on May 31, 2017)

Fund Manager - Piyush Baranwal Current Value of Standard Investment of ` 10000 in the

Period@ Scheme Benchmark Returns Additional Benchmark Scheme Benchmark Returns Additional Benchmark Returns (CRISIL Liquid Returns Returns (CRISIL Liquid Returns (%) ^ Fund Index) (CRISIL91 Day (`) Fund Index) (CRISIL91 Day (%) T-Bill Index) (%) (`) T-Bill Index) (`)

7 Days 6.46% 6.44% 5.54%

15 Days 6.47% 6.79% 6.05% Not Applicable

30 Days 6.49% 6.57% 6.13%

1 year 7.00% 6.96% 6.51% 10,700 10,696 10,651

3 years 7.96% 7.89% 7.62% 12,587 12,562 12,469

5 years 8.41% 8.28% 7.97% 14,974 14,888 14,679

Since inception* 7.40% 7.64% 6.65% 18,860 19,226 17,722

^ Past performance may or may not be sustained in the future. *Date of Allotment - July 16, 2008. @ In case, the start date or the end date of the concerned period is a non-business day, the NAV of the previous business day is considered for computation of returns. 1. Mr. Piyush Baranwal has been managing the Scheme since July 18, 2016. In addition to this scheme, He manages 1 open ended scheme and also co-manages 2 open ended and 4 close ended schemes of BOI AXA Mutual Fund. 2. This Scheme has been in existence for more than 5 years 3. Period for which scheme’s performance has been provided is computed basis on last day of the Month-end preceding the date of publication. 4. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan.

Notes PERFORMANCE CHART 1. The details & returns for close ended schemes have not been disclosed as these are not comparable with other schemes. 250 2. Returns of only those schemes that have completed one year have been 200 given. 150

100

50

0 y-17 y-16 eb-11 eb-10 8-Apr-14 1-Sep-11 8-F 2-Aug-09 18-Jul-08 9-Mar-12 7-Ma 24-Jan-09 30-Oct-15 15-Oct-14 23-Apr-15 23-F 30-Sep-13 15-Sep-12 17-Aug-10 13-Nov-16 24-Mar-13 22-Ma BOI AXA Liquid Fund - Regular Plan - CRISIL Liquid Growth Option Fund Index

Schemes managed by Fund Manager

1. Mr. Alok Singh BOI AXA Capital Protection Oriented Fund - Series 3 - A close ended capital protection Fund Manager: oriented scheme BOI AXA Equity Fund - An Open Ended Equity Growth Fund BOI AXA Capital Protection Oriented Fund - Series 4 - A close ended capital protection BOI AXA Manufacturing & Infrastructure Fund - An Open Ended Sector Scheme oriented scheme BOI AXA Regular Return Fund - An Open Ended Income Scheme BOI AXA Capital Protection Oriented Fund - Series 5 - A close ended capital protection oriented scheme BOI AXA Corporate Credit Spectrum Fund - An Open Ended Debt Scheme 3. Mr. Saurabh Kataria Co-Fund Manager: Fund Manager: BOI AXA Short Term Income Fund - An Open Ended Income Scheme BOI AXA Tax Advantage Fund - An Open-Ended Equity Linked Savings Scheme BOI AXA Mid Cap Equity & Debt Fund - An Open-Ended Equity Fund Co-Fund Manager: BOI AXA Equity Debt Rebalancer Fund - An Open Ended Dynamic Fund BOI AXA Equity Debt Rebalancer Fund - An Open Ended Dynamic Fund 2. Mr. Piyush Baranwal BOI AXA Capital Protection Oriented Fund - Series 2 - A close ended capital protection Fund Manager: oriented scheme BOI AXA Liquid Fund - An Open Ended Liquid Scheme BOI AXA Capital Protection Oriented Fund - Series 3 - A close ended capital protection BOI AXA Treasury Advantage Fund - An Open Ended Income Scheme oriented scheme Co-Fund Manager: BOI AXA Capital Protection Oriented Fund - Series 4 - A close ended capital protection BOI AXA Short Term Income Fund - An Open Ended Income Scheme oriented scheme BOI AXA Mid Cap Equity & Debt Fund - An Open-Ended Equity Fund BOI AXA Capital Protection Oriented Fund - Series 5 - A close ended capital protection BOI AXA Capital Protection Oriented Fund - Series 2 - A close ended capital protection oriented scheme oriented scheme

19 SIP Returns of Schemes All data as on May 31, 2017 (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 (`) 1,030,000 600,000 360,000 120,000 Total Amount Invested (`) 530,000 NA 360,000 120,000 Market Value of amount Invested 1,761,189 851,425 422,026 132,415 Market Value of amount Invested 739,435 NA 430,145 133,205 Scheme Returns (CAGR) 12.14% 13.98% 10.61% 19.83% Scheme Returns (CAGR) 15.15% NA 11.92% 21.12% Nifty 50 Index returns# (CAGR) 11.46% 12.30% 10.34% 21.82% Nifty 50 Index returns# (CAGR) 12.06% NA 10.34% 21.82%

Date of First Installment: 03-Nov-2008 & Scheme Inception Date: October 21, Date of First Installment: 02-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 (`) 990,000 600,000 360,000 120,000 Total Amount Invested (`) 530,000 NA 360,000 120,000 Market Value of amount Invested 1,778,850 900,187 433,047 134,085 Market Value of amount Invested 781,013 NA 443,684 135,163 Scheme Returns (CAGR) 13.81% 16.25% 12.39% 22.57% Scheme Returns (CAGR) 17.70% NA 14.07% 24.36% Nifty 50 Index returns# (CAGR) 10.97% 12.30% 10.34% 21.82% Nifty 50 Index returns# (CAGR) 12.06% NA 10.34% 21.82%

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 (`) 860,000 600,000 360,000 120,000 Total Amount Invested (`) 530,000 NA 360,000 120,000 Market Value of amount Invested 1,323,028 907,936 443,009 137,451 Market Value of amount Invested 802,499 NA 452,948 138,498 Scheme Returns (CAGR) 11.80% 16.60% 13.96% 28.17% Scheme Returns (CAGR) 18.98% NA 15.51% 29.92% Benchmark returns# (CAGR) 5.38% 8.81% 8.03% 24.54% Benchmark returns# (CAGR) 9.23% NA 8.03% 24.54% Nifty 50 Index returns## (CAGR) 10.90% 12.30% 10.34% 21.82% Nifty 50 Index returns## (CAGR) 12.06% NA 10.34% 21.82%

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

**Name of the fund has been changed from BOI AXA Focused Infrastructure Fund to BOI AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016.

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. 20 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.

21 Disclaimer/Statutory Details

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 2017. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. BOI AXA Investment Managers’ Branches - Investor Service Centers (ISC's)

• Ahmedabad - Shop No.:- 405, 4th Floor, Zodiac Plaza, 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. • - B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013. • 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. • Aurangabad: Ramkunj Niwas, Railway Station Road Near Osmanpura Circle Aurangabad- 431005. • Bangalore: 59, ‘Skanda’ Puttanna Road, Basavanagudi, Bangalore - 560 004. • : 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. • Bokaro: B-1, 1st Floor, City Centre, Sector- 4, Near Sona Chandi-Jewellers, Bokaro - 827 004. • Calicut: 2nd Floor Soubhagya Shopping Complex Arayidathpalam, Mavoor Road Calicut- 673004. • 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. • Gurgaon: Shop No. 18, Ground Floor, Sector – 14 Opp. Akd Tower, Near Huda Office Gurgaon- 122001. • 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: Apeejay House (Beside Park Hotel), 15 Park Street, C Block, 3rd Floor, Kolkata - 700 016. • 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 (Andheri): 6 & 7, 131 Andheri Industrial Estate Veera Desai Road, Andheri (West) Mumbai- 400053. • Mumbai (Borivali): A-1, Himanshu Building, Sodawala Cross Lane Near Chamunda Circle, Borivali (West), Mumbai - 400 092. • Mumbai (Chembur): Shop No 4 , Ground Floor, Shram Saflya Bldg N G Acharya Marg, Chembur Mumbai - 400071. • Mumbai (Fort): Office number: 01/04 24/B, Raja Bahadur Compound Ambalal Doshi Marg, Behind , Fort Mumbai - 400 001. • Mumbai (Thane): 101, Yashwant Tower, Ram Maruti Road, Opp. Pooja Hotel, Naupada, Thane, Mumbai - 400 602. • Mumbai (Vashi): Shop No. 43-A, Ground Floor, Vashi Plaza Sector-17 Near Apna Bazar, Vashi, Mumbai-400705. • Mumbai (Vile Parle): 104, Sangam Arcade, V P Road, Opposite Railway Station, Above Axis Bank ATM, Vile Parle (West), Mumbai - 400 056. • Muzaffarpur: 1st Floor, Shukla Complex, Near ICICI Bank, Civil Court Branch, Company Bagh, Muzaffarpur - 842 001. • Nagpur: 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, Maharashtra - 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) B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013. 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] 22

Date of Publication: 8/6/17 Y LEFT BLANK

GE IS INTRNTIONALL A

THIS P PRODUCT SUITE

Short Duration Debt Hybrid Funds Equity Funds Debt Funds Funds High

BOI AXA BOI AXA Manufacturing & Tax BOI AXA Infrastructure Advantage Fund* Equity Fund Fund (2008) (2010) BOI AXA Mid Cap Equity & (2008) Debt Fund (2016) BOI AXA Equity Debt Rebalancer Fund (2014) turns e BOI AXA Regular R Return Fund (2009) Medium

BOI AXA Corporate Credit Spectrum Fund (2015)

BOI AXA Short Term Income Fund (2008)

BOI AXA Treasury Advantage Fund (2008)

BOI AXA Liquid Fund (2008) Low

Low Medium High

() Indicates year of fund launch Risk

* Fundamental Attributes and Name of the Fund has been changed from BOI AXA Focused Infrastructure Fund to BOI AXA Manufacturing & Infrastructure Fund w.e.f. January 19, 2016. Refer Page No. 2 for product labelling

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