Axis Focused 25

Axis Focused 25

Axis Focused 25 Fund Snapshot Investment Growth Top Holdings Morningstar Category India Fund Focused Fund Time Period: 1/1/2014 to 12/31/2018 Portfolio Date: 12/31/2018 Fund Size (INR bn) 67 260.0 Position Equity Inception Date 6/29/2012 Market Portfolio 240.0 Style Value Weighting % Annual Report Net Expense Ratio 2.73 Box 220.0 (mil) Morningstar Rating Overall — Manager Name Jinesh Gopani 200.0 HDFC Bank Ltd É 5,796.63 8.62 Minimum Investment (INR) 5,000 180.0 Bajaj Finance Ltd É 5,616.01 8.35 Morningstar Analyst Rating ´ Tata Consultancy Services Ltd É 4,988.20 7.42 160.0 Kotak Mahindra Bank Ltd É 4,632.53 6.89 140.0 Housing Development Finance Corp Ltd É 4,444.45 6.61 120.0 Maruti Suzuki India Ltd É 4,258.84 6.34 Manager Biography & Fund Strategy 100.0 Avenue Supermarts Ltd É 4,107.62 6.11 Axis Focused 25 was incepted in June 2012 and has been managed by Bajaj Finserv Ltd É 3,348.91 4.98 Jinesh Gopani since June 2016. Gopani has an overall experience of 80.0 2014 2015 2016 2017 2018 over 15 years. Supreme Industries Ltd Ì 2,963.69 4.41 Eicher Motors Ltd É 2,647.00 3.94 Gopani looks for companies which have the capability to grow over a three- to five-year period and places a lot of emphasis on finding Axis Focused 25 Gr S&P BSE 500 India TR INR quality names at reasonable valuations. The portfolio is markedly benchmark- agnostic and typically shares a very low overlap with the Trailing Returns Equity Sectors IISL Nifty 50 Index. It can tend to invest in stocks that are slightly expensive in relative terms (reflected in the fund’s higher P/E Ratio) as Data Point: Return Calculation Benchmark: S&P BSE 500 India TR INR Portfolio Date: 12/31/2018 long as they meet the team's internal quality and growth criteria. YTD 1 Year 3 Years 5 Years 10 Years % The focus is on being able to identify companies with sustainable Axis Focused 25 Gr -4.18 -5.45 16.58 16.32 — Basic Materials 7.2 earnings growth potential, credible management, and good corporate Consumer Cyclical 29.4 governance practices. Stock-picking is based on fundamental bottom- S&P BSE 500 India TR INR -1.10 -6.73 14.99 14.47 17.81 up research with emphasis on top-down risk parameters, liquidity, and Financial Services 46.0 internal volatility targets. From a financial standpoint, the team looks Real Estate 0.0 for companies with low capital gearing and strong balance sheets. It undertakes a 360 degree approach while evaluating a company and Calendar Year Returns Consumer Defensive 0.0 spends time speaking to dealers, distributors, clients etc. The team Calculation Benchmark: S&P BSE 500 India TR INR Healthcare 0.2 seeks to spend more time identifying fresh ideas and researching 52.5 companies that are not as widely covered by the broader market. 45.2 Utilities 0.0 45.0 37.6 38.8 38.9 37.5 Communication Services 0.0 The massive growth in the fund's assets in the past year has not led to 30.0 Energy 0.0 a dilution of the portfolio or affected the execution of the strategy. We 22.5 believe the fund has remained true to its mandate and will continue to 15.0 Industrials 4.2 7.5 4.6 5.2 3.9 be managed in the same manner going forward. 0.6 0.4 0.0 Technology 13.0 -7.5 -4.2 -1.1 -1.8 -15.0 Total 100.0 YTD 2018 2017 2016 2015 2014 Return Axis Focused 25 Gr S&P BSE 500 India TR INR Source: Morningstar Direct.

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