Axis Multi Asset Active FoF

SCHEME INFORMATION DOCUMENT SO – 1 Axis Multi-Asset Active FoF (An open-ended fund of funds scheme investing in units of equity-oriented and debt-oriented mutual fund schemes and commodity based ETFs) SO – 2 This product is suitable for Scheme Risk-o-meter Benchmark Risk-o-meter investors who are seeking*:

• Capital appreciation over the long term. • Allocation in units of equity-oriented and debt-oriented mutual fund schemes and commodity based ETFs.

NIFTY 500 TRI (45%), NIFTY Composite SO – 3 Debt Index (45%), Domestic Price of Physical Gold (5%), Domestic Price of Physical Silver (5%) *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

(The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made) Offer of Units of Rs. 10 each during the New Fund Offer and Continuous offer for Units at NAV based prices

New Fund Offer Opens on :

New Fund Offer Closes on :

Scheme re-opens on or before : Within five Business Days from the date of allotment

Name of Mutual Fund : Axis Mutual Fund

Name of Asset Management : Axis Asset Management Company Ltd.

Company

Name of Trustee Company : Axis Mutual Fund Trustee Ltd Addresses, Website of the entities : One Lodha Place, 22nd & 23rd Floor, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, Pin Code – 400013 www.axismf.com

Name of the Sponsor : Axis Bank Ltd.

The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI(MF) Regulations) as amended till date and circulars issued thereunder filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document.

The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.

The investors are advised to refer to the Statement of Additional Information (SAI) for details of Axis Mutual Fund, Standard Risk Factors, Special Considerations, Tax and Legal issues and general information on www.axismf.com.

1 Axis Multi-Asset Active FoFSAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website.

The Scheme Information Document (Section I and II) should be read in conjunction with the SAI and not in isolation.

This Scheme Information Document is dated ________.

2 Axis Multi-Asset Active FoFTABLE OF CONTENTS

SECTION I ..................................................................................................................................................................... 4 Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME ...................................................................................................... 4 DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY .................................................................................... 10 Part II. INFORMATION ABOUT THE SCHEME ............................................................................................................ 11 A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ......................................................................................... 11 B. WHERE WILL THE SCHEME INVEST? ............................................................................................................... 13 C. WHAT ARE THE INVESTMENT STRATEGIES? ................................................................................................... 13 D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ....................................................................... 14 E. WHO MANAGES THE SCHEME? .................................................................................................................... 14 F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? ............................... 16 G. HOW HAS THE SCHEME PERFORMED (if applicable) .................................................................................. 17 H. ADDITIONAL SCHEME RELATED DISCLOSURES ............................................................................................ 17 Part III. OTHER DETAILS .............................................................................................................................................. 18 A. COMPUTATION OF NAV ............................................................................................................................... 18 B. NEW FUND OFFER (NFO) EXPENSES ............................................................................................................. 18 C. ANNUAL SCHEME RECURRING EXPENSES ................................................................................................... 18 D. LOAD STRUCTURE ........................................................................................................................................... 21 E. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME .......................................................................... 22 SPECIAL CONSIDERATIONS, if any ............................................................................................................... 22

Section II .................................................................................................................................................................... 23 I. Introduction ................................................................................................................................................... 23 A. Definitions/interpretation ............................................................................................................................. 23 B. Risk factors .................................................................................................................................................... 23 C. Risk mitigation strategies ............................................................................................................................. 25 II. Information about the scheme: .................................................................................................................. 28 A. Where will the scheme invest – ................................................................................................................... 28 B. What are the investment restrictions? ........................................................................................................ 30 C. Fundamental Attributes ................................................................................................................................ 32 D. Index methodology (for index funds, ETFs and FOFs having one underlying domestic ETF)- Disclosures regarding the index, index eligibility criteria, methodology, index service provider, index constituents, impact cost of the constituents. ........................................................................................... 32 E. Principles of incentive structure for market makers (for ETFs) – Not Applicable .................................. 33 F. Floors and ceiling within a range of 5% of the intended allocation against each sub class of asset, as per clause 13.6.2 of SEBI master circular for mutual funds . (only for close ended debt schemes) – Not Applicable.............................................................................................................................................. 33 G. Other Scheme Specific Disclosures: .......................................................................................................... 33 III. Other Details .................................................................................................................................................. 42 A. In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective, Investment Strategy, TER, AUM, Year wise performance, Top 10 Holding/ link to Top 10 holding of the underlying fund

should be provided: ..................................................................................................................................... 42 B. Periodic Disclosures ..................................................................................................................................... 42 C. Transparency/NAV Disclosure ................................................................................................................... 44 D. Transaction charges and stamp duty- ......................................................... Error! Bookmark not defined.

E. Associate Transactions- Please refer to Statement of Additional Information (SAI) ........................... 44 F. Taxation- For details on taxation please refer to the clause on Taxation in the SAI apart from

the following: ................................................................................................................................................. 44 G. Rights of Unitholders- Please refer to SAI for details. ............................................................................... 52 H. List of official points of acceptance: For Details of official points of acceptance, please refer our

website: https://www.axismf.com/statutory-disclosures......................................................................... 52 I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory Authority ........................................................................................................................................................................ 52 3 Axis Multi-Asset Active FoFSECTION I Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. Title Description No.

I. Name of the Axis Multi-Asset Active FoF (‘The Scheme’) scheme II. Category and Hybrid FoF (Domestic) - Multi Asset Allocation FoF Sub- category of the Scheme III. Scheme type An open ended fund of funds scheme investing in units of equity oriented and debt oriented mutual fund schemes and commodity based ETFs.

IV. Scheme code SO – 7 V. Investment The investment objective of the Scheme is to provide long-term capital objective appreciation by actively managing a portfolio of equity oriented and debt oriented mutual fund schemes and commodity based ETFs.

SO – 5 There can be no assurance that the investment objective of the Scheme will be achieved.

VI. Liquidity/listing The Scheme offers Units for Subscription and Redemption at NAV based details prices on all Business Days. Under normal circumstances the AMC shall dispatch the redemption proceeds three (3) working days from date of receipt of request from the Unit holder. The AMC shall adhere to guidelines published by AMFI /SEBI for exceptional circumstances under which the scheme is unable to transfer redemption or repurchase proceeds within prescribed timelines.

VII. Benchmark (Total Benchmark: NIFTY 500 TRI (45%), NIFTY Composite Debt Index (45%), Return Index) Domestic Price of Physical Gold (5%), Domestic Price of Physical Silver (5%) SO – 25

Justifications of Benchmark:

The Scheme will actively allocate in mutual funds schemes across asset classes, basis the fund managers' evaluation of the prevailing market environment. The benchmark allocation is in line with the intended fund asset allocation limits and best reflects the performance of a multiple-asset strategy.

Tier 2 Benchmark: Not Applicable The Trustee/AMC reserves the right to change the benchmark for the evaluation of the performance of the Scheme from time to time, keeping in mind the investment objective of the Scheme and the appropriateness of the benchmark, subject to SEBI guidelines and other prevalent guidelines.

VIII. NAV disclosure By 10.00 a.m. on the next Business Day on AMC (www.axismf.com) and AMFI website.

Further Details in Section II.

4 Axis Multi-Asset Active FoFIX. Applicable Timeline for

timelines Dispatch of redemption proceeds:

Under normal circumstances the AMC shall dispatch the redemption proceeds within three (3) working days from the date of receipt of request from the Unit holder. The AMC shall adhere to guidelines published by AMFI /SEBI for exceptional circumstances under which the scheme is unable to transfer redemption or repurchase proceeds within prescribed timelines.

Dispatch of IDCW:

The warrants/cheque/demand draft shall be dispatched to the Unit holders within 7 working from the record date.

X. Plans and Options Plans Plans/Options 1. Axis Multi-Asset Active FoF - Regular Plan and sub 2. Axis Multi-Asset Active FoF - Direct Plan options under the Scheme Options under each Plans

Each plan offers the following options: • Growth option • Income Distribution cum Capital Withdrawal (IDCW) – (Payout and Reinvestment facility) Regular Plan Regular Plan is available for investors who purchase /subscribe Units in a Scheme through a Distributor.

Direct Plan Direct Plan is only for investors who purchase/ subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor.

Eligible investors / modes for applying All categories of investors (whether existing or new Unitholders) as permitted under the Scheme Information Document of the Scheme are eligible to subscribe under Direct Plan. Investments under Direct Plan can be made through various modes offered by the Fund for investing directly with the Fund {except Platform(s) where investors’ applications for subscription of units are routed through Distributors}.

All the plans will have a common portfolio.

Default Option/Facility The investor must clearly specify his choice of option/facility. In the absence of such clear instruction, it will be assumed that the investor has opted for ‘default’ option / facility and the application will be processed accordingly. The default plan/ option / facility are:

Default Option: Growth (between Growth and IDCW)

Default Facility: IDCW Re-investment facility (between IDCW Re- investment and IDCW Payout facility).

For detailed disclosure on default plans and options, kindly refer SAI.

XI. Load Structure Entry Load: Not Applicable Para 10.4 of SEBI Master Circular on Mutual Funds as amended from time SO -48 to time has decided that there shall be no entry load for all Mutual Fund 5 Axis Multi-Asset Active FoFschemes.

Exit Load: a). If redeemed / switched-out within 12 months from the date of

allotment :

For 10% of investment: Nil

For remaining investment: 1% b). If redeemed/switched out after 12 months from the date of allotment:

Nil For more details on Load Structure, please refer paragraph “Load Structure”.

XII. Minimum 1. During NFO:

Application Rs. 100 and in multiples of Re. 1/- thereof.

Amount/switch in

2. On Continuous basis Minimum Application Amount/switch in* Rs. 100 and in multiples of Re. 1/- thereafter *Minimum application amount is applicable at the time of creation of new folio and at the time of first investment in a plan.

The aforesaid requirement of minimum application shall not be applicable on the mandatory investments made by the Designated Employees of the Axis AMC in accordance with clause 6.10 of SEBI Master Circular on Mutual Funds.

XIII. Minimum Rs. 100 and in multiples of Re. 1/- thereafter Additional Purchase Amount The aforesaid requirement of minimum application shall not be applicable on the mandatory investments made by the Designated Employees of the Axis AMC in accordance with clause 6.10 of SEBI Master Circular on Mutual Funds.

XIV. Minimum There will be no minimum redemption criterion.

Redemption/ switch out amount XV. New Fund Offer NFO opens on:

Period NFO closes on:

The AMC/Trustee reserves the right to extend the closing date of the New Fund Offer Period, subject to the condition that the New Fund Offer shall be kept open for a minimum of 3 working days and maximum 15 days.

Any such changes shall be announced by way of an addendum on the website.

SO -34 XVI. New Fund Offer Rs. 10/- per Unit Price XVII. Segregated The Scheme has the provision for Segregated portfolio disclosure. For portfolio/ side Details, kindly refer SAI. pocketing SO -54 disclosure XVIII Swing pricing The Scheme does not have provision for swing pricing.

SO -55 disclosure 6 Axis Multi-Asset Active FoFXIX. Stock The Scheme does not have provision for Stock lending/short selling. lending/short selling XX. How to Apply Investors can undertake transactions in the Schemes of Axis Mutual Fund either through physical, online / electronic mode or any other mode as may be prescribed from time to time.

SO -35 Physical Transactions For making application for subscription / redemption / switches, application form and Key Information Memorandum may be obtained from / submitted to the Official Points of Acceptance (OPAs) of AMC or downloaded from the website of AMC viz. www.axismf.com.

Online / Electronic Transactions Investors can undertake transactions via electronic mode through various online facilities offered by Axis AMC / other platforms specified by AMC from time to time.

For further details of online / electronic mode please refer SAI.

XXI. Investor services Contact details for general service requests and complaints:

Investors can lodge any service request or complaints or enquire about NAVs, Unit Holdings, IDCW, etc by calling the Investor line of the AMC at contact number 8108622211 (chargeable) from 9.00 am to 6.00 pm (Monday to Saturday) or (022) 6311 1001 (at local call rate for enquiring at AMC ISC’s) or email – customerservice@axismf.com. The service representatives may require personal information of the Investor for verification of his / her identity in order to protect confidentiality of information. The AMC will at all times endeavour to handle transactions efficiently and to resolve any investor grievances promptly.

Investor Relations Officer:

Mr. C P Sivakumar Nair

Address : Axis Asset Management Company Ltd.

One Lodha Place, 22nd & 23rd Floor, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, Pin Code – 400013 Phone no.: (022) 6311 1205 For any grievances with respect to transactions through BSE StAR and / or NSE MFSS, the investors / Unit Holders should approach either the stock broker or the investor grievance cell of the respective stock exchange.

XXII Specific attribute Not Applicable of the scheme XXIII Special A. During the NFO: product/facility available during 1. Systematic Investment Plan the NFO and on ongoing basis 2. Systematic Transfer Plan

3. Smart Switch:

Smart switch is allowed only as Lumpsum Transactions in eligible liquid / overnight schemes. Currently Axis Overnight Fund will act as Source Scheme(s). Investments would be allowed only under Growth Option of the Source and Target Schemes.

7 Axis Multi-Asset Active FoF4. Switching Option During the NFO period (Switch request will be accepted upto 3.00 p.m. till the last day of the NFO), the Unit holders will be able to invest in the NFO under the Scheme by switching part or all of their Unit holdings held in the respective option(s) /plan(s) of the existing scheme(s) established by the Mutual Fund.

5. Online Schedule Transaction Facility B. On ongoing basis

The facilities offered under the Scheme are as follows:

A. Systematic Investments

1) Systematic Investment Plan (SIP)

2) Atmanirbhar SIP

3) Systematic Investment Plan (SIP) Switch Facility

4) Systematic Investment Plan (SIP) Top-Up Facility

5) Systematic Investment Plan (SIP) Pause / Unpause facility

6) FLEX - Systematic Investment Plan (“FLEX SIP”) B. Systematic Transfers

1) Systematic Transfer Plan

2) Capital Appreciation Systematic Transfer Plan (“CAPSTP”)

3) FLEX - Systematic Transfer Plan (“FLEX STP”) C. Systematic Withdrawal Plan (SWP) D. Online Schedule Transaction Facility E. Transfer Of Income Distribution Cum Capital Withdrawal Plan (IDCW Transfer Plan) (Only as a target scheme) F. Switching Options

1) Inter – Scheme Switching option

2) Intra –Scheme Switching option The details pertaining to Frequency / Minimum installments / Minimum amount of SIP / SWP / STP are as follows:

1. Systematic Investment Plan An Investor shall have the option of choosing any date of the Month as his SIP date other than 29th, 30th or 31st of a month. Minimum amount and

minimum installments for monthly frequency under SIP Facility is as follows:

Frequency Minimum Minimum SIP amount under SIP Installments Facility Daily 6 Installments Rs. 100/- and in multiple of Re. 1/- Weekly 6 Installments Rs. 100/- and in multiple of Re. 1/- Monthly 6 Installments Rs. 100/- and in multiple of Re. 1/- Yearly 3 Installments Rs. 12,000/- and in multiple of Re. 1/-

2. Systematic Transfer Plan Investors can opt for the Systematic Transfer Plan by investing a lumpsum amount in one scheme of the Fund and providing a standing instruction 8 Axis Multi-Asset Active FoFto transfer sums at following intervals into any other scheme (as may be permitted by the Scheme Information Document of the respective schemes) of the Fund.

STP Minimum Minimum Cycle Date Frequency Amount* (in Rs.) Installment Daily Monday To Friday 1,000/- 6 Weekly Monday To Friday 1,000/- 6 Fortnightly Alternate Wednesday 1,000/- 6 Monthly 1st, 7th, 10th, 15th or 25th 1,000/- 6 Quarterly 1st, 7th, 10th, 15th or 25th 3,000/- 2

3. Systematic Withdrawal Plan There are five options available under SWP viz. Weekly option, Monthly option, quarterly option, Half Yearly and Yearly option. The details of

which are given below:

Weekly Monthly Quarterly Half Yearly Yearly Option Option Option Option Option Minimum value of Rs. 1,000/- SWP Additional amount Re.1 in multiples of Dates of SWP Any 1/5/10/15/25* Installment Business Day Minimum No. of Five Six Four Four Two SWP * In the event that such a day is a holiday, the withdrawals would be affected on the next business day.

For detailed terms and conditions of above facilities, kindly refer SAI.

XXIV. Weblink • TER for last 6 months / Daily TER:

For details, please refer our website:

https://www.axismf.com/total-expense-ratio • Scheme factsheet:

For details, please refer our website: https://www.axismf.com/downloads Not applicable as the Scheme is a new fund to be launched.

INTERPRETATION For all purposes of this Scheme Information Document, except as otherwise expressly provided or unless

the context otherwise requires: • All references to the masculine shall include the feminine and all references, to the singular shall include the plural and vice-versa. • All references to "dollars" or "$" refer to United States Dollars and "Rs" refer to Indian Rupees. A "crore" means "ten million" and a "lakh" means a "hundred thousand".

• All references to timings relate to Indian Standard Time (IST). • References to a day are to a calendar day including a non-Business Day. • All references to SEBI Master Circular would refer to SEBI Master Circular for Mutual Funds dated June 27, 2024, as amended from time to time.

9 Axis Multi-Asset Active FoFDUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY SO -56

It is confirmed that:

(i) The Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.

(ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with.

(iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the Scheme.

(iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date.

(v) The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct

(vi) The AMC has complied with the compliance checklist applicable for Scheme Information Documents and other than cited deviations/ that there are no deviations from the regulations

(vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.

(viii) The Trustees have ensured that the Scheme approved by them is a new product offered by Axis Mutual Fund and is not a minor modification of any existing scheme/fund/product.

Date: _________ Name: Darshan Kapadia

Place: Mumbai Designation: Compliance Officer 10 Axis Multi-Asset Active FoFPart II. INFORMATION ABOUT THE SCHEME A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Under normal circumstances, the asset allocation pattern will be:

Instruments Indicative Allocation (% of total assets) Minimum Maximum

Units of Mutual Fund of which: 95 100 i) Units of Equity oriented schemes*#@ 10 80 ii) Units of Debt oriented schemes*#@ 10 80 iii) Units of commodity ETF^^ 10 35 Debt & Money Market Instruments^ 0 5 # Including Hybrid Funds investing predominantly in either equity/debt instruments.

@ investments will be in active mutual fund schemes. ^^currently only gold and silver based passive schemes are allowed under Commodities. However, the Scheme may invest in any other commodity-based scheme, as may be permitted by SEBI from time to time. Any inclusion pursuant to such changes will be communicated to the investors by way of a notice cum addendum.

*The Scheme shall invest in overseas mutual funds in accordance with para 12.19 SEBI Master Circular for Mutual Funds as amended from time to time. The Scheme may seek investment opportunities in overseas mutual fund schemes subject to SEBI (MF) Regulations. Such Investment shall not exceed 20% of the net assets of the Scheme.

^Residual portion of upto 5% of the net assets of the Scheme is provided for liquidity purposes. For liquidity purposes, the Scheme would invest in ‘liquid assets’ as per clause 4.5.1 of SEBI Master Circular of Mutual funds as amended from time to time.

SO -13 & 21

Investment in Short Term Deposits:

Pending deployment of the funds in securities in terms of investment objective of the Scheme, the AMC may in terms of Para 12.16 of Master Circular for Mutual Fund Scheme as may be amended from time to time, park the funds of the Scheme in short term deposits of the Scheduled Commercial Banks.

The cumulative gross exposure through Mutual fund schemes/commodity ETFs (Equity, Debt, and commodities), debt & Money market instruments should not exceed 100% of the net assets of the Scheme in accordance with para 12.24 of Mater Circular for Mutual Funds as amended from time to time. Cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure.

SEBI vide letter dated November 3, 2021 has clarified that Cash Equivalent shall consist of Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days.

SO – 14 and 17 The Scheme will not invest in derivatives, securitised debt, debt instruments having Structured Obligations / Credit Enhancement, Credit Default Swaps repo/reverse repo transactions in corporate debt securities, Debt instruments having special features as specified under Para 12.2 of Master circular for Mutual Fund Scheme. Further, the Scheme shall not undertake Short Selling and securities lending and borrowing. However, underlying schemes may have exposure to these instruments.

A small portion of the net assets of the Scheme will be invested in debt and money market instruments permitted by SEBI/ RBI including call money market or in alternative investment for the call money market as may be provided by the RBI, to meet the liquidity requirements of the Scheme.

11 Axis Multi-Asset Active FoFIndicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars) SO - 19 Sr. Type of Instrument Percentage of exposure Circular No. references

1. Overseas Securities The Scheme may seek investment opportunities Para 12.19 of SEBI in Overseas Mutual fund schemes subject to Master Circular SO – 11, 15 & 16 SEBI (MF) Regulations. Such Investment shall not for Mutual Funds exceed 20% of the net assets of the Scheme.

2. Tri party Repo Allocation may be made to TREPS from any - amounts that are pending deployment or on account of any adverse market situation.

3. Mutual Fund Units Upto 100% of total assets. Clause 4 of Seventh Schedule of SEBI

(MF) Regulations, 1996 The limits given above shall be subject to Schedule VII of the Regulations / circulars issued by SEBI and shall be revised to extent of changes in the Regulations/ circulars, if any, from time to time.

The Scheme shall not directly invest in the following instruments: SO – 18 and 20 Sr. Type of Instrument No.

1 Securities Lending & borrowing 2 Derivatives 3 Securitized Debt 4 REITS and InVITS 5 Debt instruments with special features AT1 & AT2 Bonds 6 Credit Enhancement /Structured Obligations 7 Credit Default swaps 8 Repo in corporate debt 9 The scheme will not engage in short selling However, the underlying schemes may have exposure to any or all of the above securities/instruments as may be permitted by SEBI from time to time.

Timelines for deployment of funds collected in New Fund Offer (NFO) as per asset allocation of the scheme:

In terms of SEBI circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, the AMC shall deploy the funds garnered in an NFO within 30 business days from the date of allotment of units. If the AMC is not able to deploy the funds in 30 business days, the AMC shall adhere to the requirements as laid down in the aforesaid SEBI circular.

SO -22, 23 and 24

Short Term and defensive considerations:

Subject to the SEBI MF Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. The Scheme may actively deviate from the stated asset allocation pattern outlined in the SID during extenuating circumstances which may include substantial subscription/redemption, adverse market conditions etc. These instances may be beyond the control of the fund manager & the AMC and hence may require such deviations. Such changes in the investment pattern will be transitionary in nature and will be undertaken as defensive considerations only in accordance with Para 1.14.1.2 of SEBI Master

circular for Mutual Fund and as amended from time to time. Defensive considerations may be determined by the fund manager and. In case of deviations on account of exogenous factors, the fund manager will endeavor to rebalance the Scheme within 30 calendar days from the date of such deviation. The intention being at all times to seek to protect the interests of the Unit holders.

12 Axis Multi-Asset Active FoFPortfolio rebalancing:

In case of passive deviation from the asset allocation pattern, the AMC shall follow process specified in Para 2.9 of SEBI Master circular for Mutual Fund as amended from time to time. In line with the circular, in the event of deviation from the mandated asset allocation mentioned in the SID due to passive breaches, the portfolio would be rebalanced within 30 business days from the date of deviation. Where the portfolio is not rebalanced within mandated timelines, justification in writing including details of efforts taken to rebalance the portfolio shall be placed before the Investment Committee. The Investment Committee, if so desires, can extend the timelines up to sixty (60) business days from the date of completion of mandated rebalancing period. In case the portfolio of the Scheme is not rebalanced within aforementioned mandated plus extended timelines AMC shall adhere to the requirements as laid down in the aforesaid SEBI circular. However, at all times, the portfolio will adhere to the overall investment objective of the scheme.

B. WHERE WILL THE SCHEME INVEST? SO -29

Following are list of all instruments in which the scheme will invest: • Units of equity-oriented schemes, debt-oriented schemes & Commodity based ETFs • Debt Instruments & Money Market Instruments (for liquidity purpose) • Short Term Deposits • Overseas funds Equity-oriented schemes – Schemes investing 65% or more in Equity and Equity related instruments.

Debt-oriented schemes – Schemes investing 65% or more in Debt and Money market instruments.

Commodity based ETF – ETFs primarily investing in commodities.

Currently only gold and silver based passive schemes are allowed under Commodities.

Investment in overseas securities shall be made in accordance with the requirements stipulated by SEBI and RBI from time to time.

The Scheme shall invest in any other instruments as may be permitted by SEBI/RBI from time to time.

Kindly refer detailed definitions and applicable regulations/guidelines for each instruments given in the

Section II.

C. WHAT ARE THE INVESTMENT STRATEGIES? SO -27 The scheme is an actively managed Fund of Funds scheme that will invest dynamically in units of different mutual fund schemes to achieve appropriate asset allocation in different market environments. The Scheme can allocate net assets across mutual fund schemes that invest in different asset classes including equity, debt and commodities.

The Scheme will invest in all equity oriented schemes, debt oriented schemes and commodity based ETFs of Axis Mutual Fund or other Domestic Mutual Funds having similar objectives, strategy, asset allocation and other attributes.

The Scheme will invest in overseas mutual fund schemes having similar objectives, strategy, asset allocation and other attributes.

The Scheme is designed to help investors create a basket of schemes which are actively chosen for achieving benefits of asset allocation and diversification across schemes that invest in different asset classes including equity, debt, and commodities.

Indian equity markets offer a multitude of investment opportunities across the market cap spectrum. The portfolio of schemes will be identified using a top down approach to investing, focusing on macros, identifying trends and fundamental triggers that would benefit from prevailing macro-economic conditions.

13 Axis Multi-Asset Active FoFThe scheme will allocate its assets between debt, equity, and commodities guided by the model covering the following parameters, but not limited to: • Market Valuation • Market cap to GDP • Volatility • Momentum • Currency • Interest rates • Dollar Index • Yield to earning The exact allocation in various asset classes and schemes would be decided based on the fund manager's outlook on prevalent market conditions and changing business environment. As no single factor is responsible for an efficient dynamic asset allocation strategy in different market conditions. A combination of factors mentioned above and fund manager’s view will lead to final allocation decision.

The allocation will be managed actively with an emphasis on identifying the best ideas within each scheme category. To complement the opportunities and manage concentration risks of a single country, the Scheme may selectively allocate assets in locally domiciled schemes which participate in international markets and overseas funds.

The scheme will predominantly invest in Axis Mutual fund schemes/ commodities ETFs, however, if there is any differentiated strategy fund, the scheme may invest in other mutual funds.

PORTFOLIO TURNOVER Portfolio turnover in the scheme will be a function of market opportunities. It is difficult to estimate with any reasonable measure of accuracy, the likely turnover in the portfolio. The AMC will endeavor to optimize portfolio turnover to optimize risk adjusted return keeping in mind the cost associated with it. A high portfolio turnover rate is not necessarily a drag on portfolio performance and may be representative of investment opportunities that exist in the market.

For details pertaining to Risk Controls and Risk Mitigation refer Point no. C Part I of Section II of the Scheme Information Document.

D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? For details refer Point no. VII of – Part I - Section I of the Scheme Information Document.

E. WHO MANAGES THE SCHEME? SO -32 & 33 Sr. Name of Age and Experience of the Names of other schemes under his/her N Fund Qualificatio Fund Manager management o Manager n 1 Mr. 42 years Total number of years

Devang of experience: 18 Axis Liquid Fund Shah B. Com, years, his last 10 years’ Axis Short Duration Fund ACA experience are as Axis Treasury Advantage Fund (Managin follows:

Axis Corporate Bond Fund g the • Fund Manager - Axis Money Market Fund Scheme Fixed Income, Axis Axis Dynamic Bond Fund since Asset Management Axis Strategic Bond Fund inception) Company Ltd. (October 16, 2012 till Axis Credit Risk Fund date) Axis CRISIL IBX 70:30 CPSE Plus SDL Apr 2025 • Fund Manager, ICICI Index Fund 14 Axis Multi-Asset Active FoFPrudential Asset Axis Conservative Hybrid Fund Management Axis Income Plus Arbitrage Active FOF Company Ltd. (April Axis Gilt Fund 2008 – October 2012) Axis Long Duration Fund • Analyst, Deutsche Axis Balanced Advantage Fund Asset Management Axis Aggressive Hybrid Fund

(India) Pvt. Ltd. (2006- Axis Multi Asset Allocation Fund

2008) • Assistant Manager, Axis Children's Fund Pricewaterhouse Axis Retirement Fund - Aggressive Plan Coopers (2004-2006) Axis Retirement Fund - Dynamic Plan Axis Retirement Fund - Conservative Plan Axis Arbitrage Fund Axis Equity Savings Fund 2 Aditya 40 years, Total number of years

Pagaria Bachelor in of experience: 15 Axis Banking & PSU Debt Fund Manageme years, his last 10 years’ Axis Overnight Fund (Managin nt Studies, experience are as Axis Ultra Short Duration Fund

g the Post follows:

Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF Scheme Graduate • Axis Asset Axis Floater Fund since Diploma in Management inception) Business Company Ltd. (Fund Axis Gold Fund Manageme Manager - Fixed Axis Nifty AAA Bond Plus SDL Apr 2026 50:50 ETF nt Income) - (August 1, FOF 2016 till date) Axis Silver Fund of Fund Axis Nifty SDL September 2026 Debt Index Fund • ICICI Prudential Asset Axis CRISIL IBX50:50 Gilt Plus SDL Sep 2027 Index Management Fund Company Ltd. (Fund Axis Liquid Fund Manager -Fixed Axis Short Duration Fund Income) - (Nov. 30, Axis Treasury Advantage Fund 2011 - July 26, 2016) Axis Money Market Fund • (Operations)- (May 03, 2007 - Nov. 29, Axis CRISIL IBX SDL May 2027 Index Fund

2011) Axis Aggressive Hybrid Fund Axis Gold ETF Axis Silver ETF Axis Multi Asset Allocation Fund Axis Fixed Term Plan - Series 113 (1228 Days) 3 Mr. 45 years Total number of years Axis Large Cap Fund

Shreyash of experience: 19 Axis ELSS Tax Saver fund Devalkar Bachelor in years, his last 10 years’ Axis Midcap Fund Chemical experience are as Axis Large & Mid Cap Fund (Managin Engineering follows:

Axis ESG Integration Strategy g the & Masters in · Fund Manager - Axis Fund Scheme Manageme Asset Management Axis India Manufacturing Fund since nt Studies Co. Ltd. (November Axis NIFTY Healthcare ETF inception) 16, 2016 till date) · Vice President – Axis Equity ETFs FoF Research – IDFC Axis Multicap Fund Asset Management Company Ltd. (July 24, 2008 till January 14, 2011) · Fund Manager – BNP Paribas Asset Management India 15 Axis Multi-Asset Active FoFPvt. Ltd. (January 17, 2011 till November 15, 2016) · Research Analyst – IDFC Securities Ltd.

(September 07, 2005 till July 23, 2008) 4 Mr. Age: 41 Total number of years Axis Business Cycles

Mayank years of experience: 12 Fund Hyanki years, his last 10 years’ Axis Equity Savings Master in experience are as Fund (Managin Manageme follows: Axis Innovation Fund g the nt Studies, • Axis Asset Axis Nifty Midcap 50 Scheme Chartered Management Index Fund since Financial Company Ltd. (Dec. Axis Nifty Smallcap 50 inception) Analyst 2015 to till date) Index Fund • Reliance Industries Axis Small Cap Fund Ltd. (Apr. 2015 to Nov.

-2015) • Birla Sun Life Asset Management Company Ltd. (Mar.

2010 to Apr. 2015) • ING Investments

(India) Pvt. Ltd. ( May 2008 to Mar. 2010) 5 Ms. Age: 30 Total number of years Axis Large Cap Fund

Krishnaa years of experience: 6 years Axis Midcap Fund Narayan Axis Focused Fund (For Qualificatio • Axis Asset Axis Small Cap Fund

Foreign ns: Management Axis Flexi Cap Fund Securities) Chartered Company Ltd. [Fund Axis Large & Mid Cap Fund Accountant Manager - (For Foreign (Managin and Securities)] - March 01, Axis Aggressive Hybrid Fund g the Bachelor of 2024 till date Axis Multi Asset Allocation Fund Scheme Commerce • Axis Asset Axis Innovation Fund since (Accounts Management Axis ESG Integration Strategy Fund inception) & Finance) Company Ltd. (Junior Axis Quant Fund Research Analyst – Axis Global Innovation Fund of Fund Equity) – May 12, 2021 Axis Equity Savings Fund – February 29, 2024 Axis Global Equity Alpha Fund of Fund • Price Waterhouse & Axis Children’s Fund Co LLP - April 22, 2019 – May 07, 2021 Axis Retirement Fund - Aggressive Plan Axis Retirement Fund - Dynamic Plan Axis Value Fund Axis Greater China Equity Fund of Fund Axis Retirement Fund - Conservative Plan Axis NASDAQ 100 Fund of Fund Axis US Specific Treasury Dynamic Debt Passive FOF Axis Consumption Fund F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? Axis Multi-Asset Active FoF, An open-ended fund of funds scheme investing in units of equity-oriented and debt-oriented mutual fund schemes and commodity based ETFs, is a new scheme offered by the Fund 16 Axis Multi-Asset Active FoFand is not a minor modification of any other existing scheme/product of the Fund.

a. Reference list of existing open ended fund of fund schemes of Axis Mutual Fund are as follows:

Sr. No. Name of the scheme(s) 1 Axis Income Plus Arbitrage Active FOF 2 Axis Multi Factor Passive FoF 3 Axis Global Equity Alpha Fund of Fund 4 Axis Global Innovation Fund of Fund 5 Axis Greater China Equity Fund of Fund 6 Axis NASDAQ 100 Fund of Fund 7 Axis NIFTY AAA Bond Plus SDL Apr 2026 50:50 ETF FOF 8 AXIS Silver Fund of Fund 9 Axis US Specific Treasury Dynamic Debt Passive FOF 10 Axis Gold Fund b. For detailed comparative table on ‘How the Scheme is different from existing schemes of Axis Mutual Fund’, please refer our website : https://www.axismf.com/statutory-disclosures G. HOW HAS THE SCHEME PERFORMED The Scheme is a new Scheme to be launched hence the above disclosure is not applicable.

H. ADDITIONAL SCHEME RELATED DISCLOSURES i. Scheme’s portfolio holdings (top 10 holdings by issuer and fund allocation towards various sectors: -

Please refer the AMC website https://www.axismf.com/statutory-disclosures for said details. ii. Disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme in case of debt and equity ETFs/index funds through a functional website link that contains detailed description – Not Applicable iii. Functional website link for Portfolio Disclosure - Fortnightly / Monthly/ Half Yearly:

- Please refer the AMC website (https://www.axismf.com/statutory-disclosures) for said details. iv. Portfolio turnover ratio for the one-year period ended: Not Applicable v. Aggregate investment in the Scheme by Concerned scheme’s Fund Manager(s):

Sr. Category of Persons Net Value Market Value (In Rs.) No. Units _____ NAV (Rs. per unit)

1. The Scheme is a new Scheme to be launched hence the above disclosure is not required.

For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI. vi. Investments of AMC in the Scheme – SO - 59 Subject to the applicable Regulations, the AMC may invest either directly or indirectly, in the Scheme during the New Fund Offer or Ongoing Offer Period. However, the AMC shall not charge any investment management fee on such investments in the Scheme.

Further, in terms of requirement of the Regulations, the AMC shall invest such amounts in Scheme, based on the risks associated with the Scheme, as may be specified by the SEBI from time to time.

17 Axis Multi-Asset Active FoFPlease refer the AMC website https://www.axismf.com/statutory-disclosures for detailed AMC Investments in Scheme(s) of Axis Mutual Fund.

The Scheme is a new Scheme to be launched hence the above disclosure is not applicable.

Part III. OTHER DETAILS A. COMPUTATION OF NAV The Net Asset Value (NAV) per Unit under the Scheme will be computed by dividing the net assets of the Scheme by the number of Units outstanding on the valuation day. The Mutual Fund will value its investments according to the valuation norms, as specified in Schedule VIII of the SEBI (MF) Regulations, or such norms as may be specified by SEBI from time to time.

The Net Assets Value (NAV) of the Units under the Scheme shall be calculated as shown below:

Market or Fair Value of Current Assets including Current Liabilities + - Scheme’s Investments Accrued Income and Provisions NAV (Rs.) = No. of Units outstanding under Scheme on the Valuation Day The NAV shall be calculated up to four decimal places. Separate NAV will be calculated and disclosed for each Option. The NAVs of the Growth Option and the IDCW Option under each of the Plans will be different after the declaration of the first IDCW.

The AMC will calculate and disclose the first NAV of the Scheme within a period of 5 business days from the date of allotment under the new Fund Offer Period. Subsequently AMC will calculate and disclose the NAV of the Scheme on all the Business Days.

Illustration of Computation of NAV: SO - 43

The computation of NAV per unit using various components is explained as follows:

Particulars Amount in Rs Market or Fair Value of Scheme’s Investments.... (A) 10,00,00,000.00

Add: Current Assets including Accrued Income ... (B) 75,34,345.00

Less: Current Liabilities and Provisions. .......... (C) (30,00,000.00) Net Assets (A+B-C) 10,45,34,345.00 No. of Units outstanding under Scheme on the Valuation Day: 100,00,000

The NAV per unit will be computed as follows: 10,45,34,345.34 / 100,00,000 = Rs. 10.4534 per unit (rounded off to four decimals) Disclosure pertaining to illustration on computation of NAV and Methodology for calculation of sale and re-purchase price of the units of mutual fund scheme.

Disclosure to the effect that the repurchase price shall not be lower than 95% of the NAV. For other details such as policies w.r.t computation of NAV, rounding off, procedure in case of delay in disclosure of NAV etc. refer to SAI B. NEW FUND OFFER (NFO) EXPENSES These expenses are incurred for the purpose of various activities related to the NFO like sales and distribution fees paid, marketing and advertising, registrar expenses, printing and stationary, bank charges etc.

In accordance with the provisions of SEBI circular, the Scheme, being an open-ended scheme, the NFO expenses will be borne by the AMC/ Sponsor.

C. ANNUAL SCHEME RECURRING EXPENSES 18 Axis Multi-Asset Active FoFThese are the fees and expenses for operating the scheme. These expenses include but are not limited to Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below:

The AMC has estimated that following expenses will be charged to the Scheme as expenses as permitted under Regulation 52 of SEBI (MF) Regulations. For the actual current expenses being charged, the investor should refer to the website of the AMC.

Expense Head % of daily Net Assets Investment Management and Advisory fees Upto 2.00% Trustee fees Audit fees Custodian fees RTA fees Marketing & Selling expense incl. agent commission Cost related to investor communications Cost of fund transfer from location to location Cost of providing account statements and IDCW redemption cheques and warrants Cost towards investor education & awareness $ SO -44 Costs of statutory Advertisements Brokerage & transaction cost over and above 12 bps for cash market trades Goods & Service Tax (GST) on expenses other than investment and advisory fees GST on brokerage and transaction cost (over & above 12bps mentioned above) Other Expenses* Maximum total expense ratio (TER) permissible under Regulation 52 (6)(a) Upto 2.00% Additional expenses under regulation 52(6A)(c) Upto 0.05% Additional expenses for gross new inflows from specified cities under regulation 52(6A)(b)^ Upto 0.30% SO -47 $These expenses will not be charged in case investments in Domestic Mutual Fund Schemes / Commodity ETFs is more than 80% of the scheme NAV.

*Any other expenses which are directly attributable to the Scheme, may be charged with the approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited.

All fees and expenses charged in a Direct Plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in Regular Plan.

Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid/ charged under Direct Plan.

The expenses towards Investment Management and Advisory Fees under Regulation 52 (2) and the various sub-heads of recurring expenses mentioned under Regulation 52 (4) of SEBI (MF) Regulations can be apportioned under various expense heads/ sub heads without any sub limit, as permitted under the applicable regulations. Thus, there shall be no internal sub-limits within the expense ratio for expense heads mentioned under Regulation 52 (2) and (4) respectively. Further, the additional expenses under Regulation 52(6A)(c) may be incurred either towards investment & advisory fees and/or towards other expense heads as stated above.

These estimates have been made in good faith as per the information available to the Investment Manager and are subject to change inter-se or in total subject to prevailing Regulations. The AMC will charge the Scheme such actual expenses incurred, subject to the statutory limit prescribed in the Regulations.

19 Axis Multi-Asset Active FoFThe recurring expenses of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows:

The total expense ratio of the Scheme including weighted average of the total expense ratio levied by the underlying scheme(s) shall not exceed 2.00 per cent of the daily net assets of the Scheme.

Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme(s), subject to the overall ceilings as stated above.

SO - 46 The total expenses of the Scheme including the investment management and advisory fee shall not exceed the limit stated in Regulation 52(6) of the SEBI (MF) Regulations and amended thereto.

Expenses charged to the Scheme:

A. In addition to the limits as specified in Regulation 52(6) of SEBI (MF) Regulations 1996 or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs or expenses may be charged to the Scheme namely- a). Additional expenses for gross new inflows from specified cities Expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from such cities as specified by SEBI/AMFI from time to time are at least - i. 30 per cent of gross new inflows in the Scheme, or;

ii. 15 per cent of the average assets under management (year to date) of the Scheme, whichever is higher.

Provided that if inflows from such cities is less than the higher of sub-clause (i) or sub- clause (ii), such expenses on daily net assets of the Scheme shall be charged on proportionate basis.

Provided further that, expenses charged under this clause shall be utilised for distribution expenses incurred for bringing inflows from such cities.

Provided further that, amount incurred as expense on account of inflows from beyond top cities as specified by SEBI/AMFI, so charged shall be credited back to the Scheme, in case the said inflow is redeemed within a period of one year from the date of investment.

Provided further that, additional TER can be charged based on inflows only from retail investors from B30 cities in terms of Para 10.1.3 of SEBI master Circular for Mutual Funds . as amended from time to time. For this purpose inflows of amount upto Rs. 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investor”.

^Note: Pursuant to SEBI letter dated February 24, 2023 read with AMFI communication dated March 02, 2023, w.e.f March 01, 2023 no additional expense shall be charged on the new inflows received on or after March 01, 2023 from specified cities as per Regulation 52 (6A) (b) till any further guidance is received from SEBI in this regard.

b). Additional expenses under regulation 52(6A)(c) Additional expenses, incurred towards different heads mentioned under Regulations 52(2) and 52(4), not exceeding 0.05 per cent of daily net assets of the Scheme;

c). GST payable on investment and advisory service fees (‘AMC fees’) charged by Axis Asset Management Company Ltd.; d). Brokerage and transaction cost incurred for the purpose of execution shall be charged to the schemes as provided under Regulation 52 (6A) (a) upto 12 bps for cash market transactions. Any payment towards brokerage & transaction costs, over and above the said 12 bps for cash market transactions will be charged within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the Regulations.

20 Axis Multi-Asset Active FoFB. Within the Total Expense Limit chargeable to the Scheme, following will be charged to the Scheme: a) GST on other than investment and advisory fees, if any, shall be borne by the Scheme C. AMC fees charged by Axis AMC to the Scheme will be within the Total Expense Limit as prescribed by SEBI Regulations, as amended from time to time.

Expenses over and above the prescribed limit shall be charged / borne in accordance with the Regulations prevailing from time to time.

The mutual fund would update the notice of change in base TER on its website (www.axismf.com) atleast three working days prior to the effective date of the change. Investors can refer ‘Total Expense Ratio of Mutual Fund Schemes’ section on https://www.axismf.com/total-expense-ratio for Total Expense Ratio

(TER) details.

SO - 45

Illustration: Impact of Expense Ratio on Scheme's return:

Expense ratio, normally expressed as a percentage of Average Assets under Management, is calculated by dividing the permissible expenses under the Regulations by the average net assets.

To further illustrate in rupee terms the above, for the Scheme under reference, suppose an Investor invested Rs. 10,000/- (after deduction of stamp duty and transaction charges, if any) under the Growth Option, the

impact of expenses charged will be as under:

Sr. Particulars Regular Direct No.1 Plan Plan A. Amount invested at the beginning of the year (Rs.) 10,000 10,000 B. Returns before expenses (Rs.) 1,500 1,500 C. Expenses other than the expenses mentioned in ‘D’ below (Rs.) 50 50 D. Marketing & Selling expense incl. agent commission (Rs.) 150 0 E. Returns after expenses at the end of the year (Rs.) [B – (C + D)] 1300 1450 Returns after expenses at the end of the year (in %) [(E/A) – 1] 13% 14.5% Note(s):

• The purpose of the above illustration is purely to explain the impact of expense ratio charged to the Plan(s) under the Scheme and should not be construed as providing any kind of investment advice or guarantee of returns on investments.

• It is assumed that the expenses charged are evenly distributed throughout the year. • The expenses of the Direct Plan of the Scheme will be lower to the extent of the distribution expenses/ commission • Any tax impact has not been considered in the above example, in view of the individual nature of the tax implications. Each investor is advised to seek appropriate advice.

D. LOAD STRUCTURE Load is an amount which is paid by the Investor to redeem the Units from the Scheme. This amount is used by the AMC to pay commission to the distributors and to take care of other marketing and selling expenses.

Load amounts are variable and are subject to change from time to time. For the current applicable structure, investors may refer to the website of the AMC (www.axismf.com) or may call at contact number 8108622211 (Chargeable) from 9.00 am to 6.00 pm (Monday to Saturday) or can contact his distributor.

Para 10.4 of SEBI Master Circular for Mutual Funds as amended from time to time has decided that there shall be no entry Load for all Mutual Fund Schemes.

Type of Load Load chargeable (as %age of NAV) Exit Load As mentioned under Section I – Point No. XI.

Units issued on reinvestment of IDCW shall not be subject to Load. No load shall be levied on switches between options and sub-options of the Scheme. Thus, for switches between the Growth and IDCW Option, 21 Axis Multi-Asset Active FoFno load will be charged by the Scheme. However, for switches between the Plans i.e. between Regular and Direct Plan or vice versa, load will be charged by the Scheme.

The above mentioned load structure shall be equally applicable to the special products such as switches, STP, SWP, etc. offered by the AMC.

Exit load, if any, charged to the investors will be credited back to the Scheme net of GST. The Investor is requested to check the prevailing Load structure of the Scheme before investing.

For any change in Load structure AMC will issue an addendum and display it on the website/ Investor Service Centres.

Para 10.4 of SEBI Master Circular for Mutual Funds has decided that there shall be no entry Load for all Mutual Fund schemes.

Under the Scheme, the AMC/ Trustee reserves the right to change / modify the Load structure if it so deems fit in the interest of smooth and efficient functioning of the Mutual Fund. The AMC/ Trustee reserves the right to introduce / modify the Load depending upon the circumstances prevailing at that time subject to maximum limits as prescribed under the Regulations.

The Redemption Price however, will not be lower than 95% of the NAV. Any imposition or enhancement of Load in future shall be applicable on prospective investments only.

SO - 48

At the time of changing the Load Structure:

1. The AMC shall be required to issue an addendum and display the same on its website immediately;

2. The addendum shall be circulated to all the distributors / brokers so that the same can be attached to all Scheme Information Document and Key Information Memorandum already in stock.

3. Latest applicable addendum shall be a part of KIM and SID of the respective Scheme(s).

4. Further, the account statements shall continue to include applicable load structure.

The Trustee/AMC reserves the right to change the load structure subject to the limits prescribed under the Regulations. Any change in load structure shall be only on a prospective basis i.e. any such changes would be chargeable only for Redemptions from prospective purchases (applying first in first out basis).

E. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME The Scheme shall have a minimum of 20 Investors and no single Investor shall account for more than 25% of the corpus of the Scheme. The aforesaid conditions should be complied with in each calendar quarter on an average basis. In case the Scheme does not have a minimum of 20 Investors on an ongoing basis for each calendar quarter, the provisions of Regulation 39(2)(c) of the SEBI (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme shall be wound up and the units would be redeemed at Applicable NAV. If there is a breach of the 25% limit by any Investor over the quarter, a rebalancing period of one month would be allowed and thereafter the Investor who is in breach of the rule shall be given 15 days’ notice to redeem his exposure over the 25% limit. Failure on the part of the said investor to redeem his exposure over the 25% limit within the aforesaid 15 days would lead to automatic Redemption by the Mutual Fund at the Applicable NAV on the 15th day of the notice period. The Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard.

SPECIAL CONSIDERATIONS, if any The investors will bear the recurring expenses of the Underlying Schemes in addition to the recurring expenses charged by Axis Multi-Asset Active FoF.

22 Axis Multi-Asset Active FoFSection II I. Introduction A. Definitions/interpretation

For details refer website of Axis Mutual Fund: https://www.axismf.com/statutory-disclosures B. Risk factors SO - 8 Scheme Specific Risk Factors Risks associated with investments in Units of Mutual Fund schemes The Scheme will invest in a basket of open ended equity oriented, debt oriented mutual fund schemes and commodity ETFs of Axis Mutual Fund or any other Mutual Fund Schemes. Hence the performance of the Scheme would depend upon the performance of the underlying schemes. Any change in the investment policies or fundamental attributes of the underlying schemes will affect the performance of the Scheme.

This being a Fund of Funds scheme, the investors are bearing the recurring expenses of the Scheme in addition to the expenses of underlying scheme(s) in which the Scheme shall make investment. However, in line with the SEBI Regulations, the total expense ratio of the Scheme including weighted average of the total expense ratio levied by the underlying scheme(s) shall not exceed the eligible percent of the daily net assets of the Scheme.

Investment in the equity schemes will have all the risks associated with the equity markets including price risk, liquidity risk and company specific risk.

Investment in the debt schemes will have all the risks associated with the debt markets including price risk, credit risk and reinvestment risk.

Risks associated with Investment in commodities Exchange Traded Funds To the extent the Scheme’s assets are invested in commodity, the risks associated with the underlying commodity, will also be applicable. Some factors affecting the value may include:

Investors’ expectations with respect to the rate of inflation o Currency exchange rates o Interest rates o Investment and trading activities of hedge funds and Gold & Silver ETFs o Global or regional political, economic or financial events and situations o Changes in indirect taxes or any other levies o The returns from commodities in which the underlying ETFs invest may underperform returns from the various general securities markets or different asset classes. Different types of securities tend to go through cycles of out-performance and under-performance in comparison to the general securities markets.

Currently only gold and silver based passive schemes are allowed to be launched under commodity based schemes.

Risks associated with investments in Equity and Equity related instruments • Equity and equity related instruments are volatile and prone to price fluctuations on a daily basis. The liquidity of investments made in the Scheme may be restricted by trading volumes and settlement periods. Settlement periods may be extended significantly by unforeseen circumstances. The inability of the Scheme to make intended securities purchases, due to settlement problems, could cause the Scheme to miss certain investment opportunities. Similarly, the inability to sell securities held in the Scheme portfolio would result at times, in potential losses to the Scheme, should there be a subsequent decline in the value of securities held in the Scheme portfolio. Also, the value of the Scheme investments 23 Axis Multi-Asset Active FoFmay be affected by interest rates, currency exchange rates, changes in law/ policies of the government, taxation laws and political, economic or other developments which may have an adverse bearing on individual securities, a specific sector or all sectors.

• Investments in equity and equity related securities involve a degree of risk and investors should not invest in the equity Schemes unless they can afford to take the risk of losing their investment. • Securities which are not quoted on the stock exchanges are inherently illiquid in nature and carry a larger liquidity risk in comparison with securities that are listed on the exchanges or offer other exit options to the investors / unitholders, including put options.

Risks associated with investments in Fixed Income Securities Interest-Rate Risk: Fixed income securities such as government bonds, corporate bonds, money market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing fixed income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the prices depends upon the coupon and maturity of the security. It also depends upon the yield level at which the security is being traded.

Re-investment Risk: Investments in fixed income securities carry re-investment risk as interest rates prevailing on the coupon payment or maturity dates may differ from the original coupon of the bond.

Basis Risk: The underlying benchmark of a floating rate security or a swap might become less active or may cease to exist and thus may not be able to capture the exact interest rate movements, leading to loss of value of the portfolio.

Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. In the life of the security this spread may move adversely leading to loss in value of the portfolio. The yield of the underlying benchmark might not change, but the spread of the security over the underlying benchmark might increase leading to loss in value of the security.

Liquidity Risk: The liquidity of a bond may change, depending on market conditions leading to changes in the liquidity premium attached to the price of the bond. At the time of selling the security, the security can become illiquid, leading to loss in value of the portfolio.

Liquidity Risk on account of unlisted securities: The liquidity and valuation of the Schemes’ investments due to their holdings of unlisted securities may be affected if they have to be sold prior to their target date of divestment. The unlisted security can go down in value before the divestment date and selling of these securities before the divestment date can lead to losses in the portfolio.

Credit Risk: This is the risk associated with the issuer of a debenture/bond or a Money Market Instrument defaulting on coupon payments or in paying back the principal amount on maturity. Even when there is no default, the price of a security may change with expected changes in the credit rating of the issuer. It is to be noted here that a Government Security is a sovereign security and is the safest. Corporate bonds carry a higher amount of credit risk than Government Securities. Within corporate bonds also there are different levels of safety and a bond rated higher by a particular rating agency is safer than a bond rated lower by the same rating agency.

Settlement Risk: Fixed income securities run the risk of settlement which can adversely affect the ability of the fund house to swiftly execute trading strategies which can lead to adverse movements in NAV.

Risks associated with Segregated Portfolio

1. Investor holding units of segregated portfolio may not able to liquidate their holding till the time recovery of money from the issuer.

2. Security comprises of segregated portfolio may not realise any value.

3. Listing of units of segregated portfolio on recognised stock exchange does not necessarily guarantee their liquidity. There may not be active trading of units in the stock market. Further trading price of units on the stock market may be significantly lower than the prevailing NAV.

24 Axis Multi-Asset Active FoFRisks associated with transaction in Units through stock exchange(s) In respect of transaction in Units of the Scheme through BSE and / or NSE, allotment and redemption of Units on any Business Day will depend upon the order processing / settlement by BSE and / or NSE and their respective clearing corporations on which the Fund has no control.

Risks associated with investing in foreign securities/ overseas investments/ offshore securities • Subject to necessary approvals and within the investment objectives of the Scheme, the Scheme may invest in overseas markets vide overseas schemes which carry risks related to fluctuations in the foreign exchange rates, the nature of the securities market of the country, repatriation of capital due to exchange controls and political circumstances.

To the extent that the assets of the Scheme will be invested in securities denominated in foreign currencies, the Indian Rupee equivalent of the net assets, distributions and income may be adversely affected by changes in the value of certain foreign currencies relative to the Indian Rupee. The repatriation of capital to India may also be hampered by changes in regulations concerning exchange controls or political circumstances as well as the application to it of other restrictions on investment.

C. Risk mitigation strategies Risk Control SO - 9 Risk management is going to be an integral part of the investment process. Effective risk management is critical to fund management for achieving financial soundness. Investments by the Scheme shall be made as per the investment objectives of the Scheme and provisions of the Regulations. The risk control process involves identifying & measuring the risk through various risk measurement tools.

Investments made from the corpus of the Scheme would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations. The Scheme's portfolio shall predominantly consist of equity oriented / debt-oriented schemes /commodity ETFs. Thus, the mitigation policies applicable to those Schemes will be applicable to this Scheme Risk control measures with respect to investment in units of Equity schemes

Concentration Risk: Concentration risk represents the probability of loss arising from heavy exposure to a particular group of sectors or securities.

Mitigation: The underlying schemes will try to mitigate this risk by diversifying the investment into the large number of companies and keep stock-specific concentration risk relatively low.

Market Risk: The scheme is vulnerable to movements in the prices of securities invested by the underlying scheme, which could have a material bearing on the overall returns from the scheme.

Mitigation - Market risk is a risk which is inherent to an equity scheme. The scheme will try to reduce the market risk by undertaking active portfolio management as per the investment objective.

Liquidity risk: The liquidity of investments made in the underlying Scheme may be restricted by trading volumes and settlement periods Mitigation- As such the liquidity of stocks that the underlying schemes invest into could be relatively low.

The underlying schemes will try to maintain a proper asset-liability match to ensure redemption / Maturity payments are made on time.

Risk control measures with respect to Debt Investments – i.e investment in Debt, Money Market Instruments & units of liquid schemes Market Risk / Interest Rate Risk: Changes in interest rates may affect the Scheme’s Net Asset Value as the prices of securities generally increase as interest rates decline and generally decrease as interest rates rise.

25 Axis Multi-Asset Active FoFThe price movement up and down in fixed income securities will lead to possible movements in the NAV.

Mitigation - In a rising interest rates scenario the Scheme / underlying scheme may increase its investment in money market securities whereas if the interest rates are expected to fall the allocation to debt securities with longer maturity may be increased thereby mitigating risk to that extent.

Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM).

Mitigation- The Scheme / underlying scheme may invest in government securities, corporate bonds and money market instruments. While the liquidity risk for government securities, money market instruments and short maturity corporate bonds may be low, it may be high in case of medium to long maturity corporate bonds.

Credit risk or default risk: It refers to the risk that an issuer of a fixed income security may default (i.e., will be unable to make timely principal and interest payments on the security). Normally, the value of a fixed income security will fluctuate depending upon the changes in the perceived level of credit risk as well as any actual event of default. The greater the credit risk, the greater the yield required for someone to be compensated for the increased risk.

Mitigation– Apart from the basic examination, management’s past track record will also be studied. In

order to assess financial risk a detailed assessment of the issuer’s financial statements will be undertaken to review its ability to undergo stress on cash flows and asset quality. A detailed evaluation of accounting policies, off-balance sheet exposures, notes, auditors’ comments and disclosure standards will also be made to assess the overall financial risk of the potential borrower.

Risk control measures with respect to investment in units of Commodities ETF Volatility Risk – ETFs being passively managed carry lesser risk compared to active management. The underlying ETF scheme(s) where the Scheme intends to invest follow the underlying price of commodity and therefore the level of portfolio volatility would be same as that of the underlying commodity price volatility. The fund manager would also endeavour to keep minimal cash levels to keep performance deviation from the underlying ETF's to minimal.

Liquidity Risk - The underlying scheme may retain certain investments in cash or cash equivalents for its day-to-day liquidity requirements. The Trustee (subject to applicable regulations) in general interest of the Unit holders of the underlying scheme offered under its Scheme Information Document and keeping in view of the unforeseen circumstances / unusual market conditions, may limit the total number of Units, which can be redeemed on any Business Day.

Price Risk - Price risk is inherent to the prices of commodities impacting the underlying schemes NAV.

Custody Risk - There is a risk that part or all of the physical Silver / Gold belonging to the underlying Scheme could be lost, damaged or stolen. In order to ensure safety, the said Silver / Gold will be stored with custodian in its vaults. The custodian will insure/cover all such risks.

Risk control with respect to investment in units of Overseas mutual funds In addition to the risk and risk mitigation strategies mentioned above, the below risk will be applicable to

the investment in Overseas Mutual Funds :

Currency Risk - The Scheme will invest in Overseas Mutual Funds as permitted by the concerned regulatory authorities in India. Since the assets will be invested in securities denominated in foreign currency, the INR equivalent of the net assets, distributions and income may be adversely affected by changes / fluctuations in the value of the foreign currencies relative to the INR.

Mitigation - The underlying schemes shall have the option to enter into permissible instruments (subject to applicable regulations by SEBI/RBI) for the purposes of hedging against the foreign exchange fluctuations.

Tracking error risk pertaining to underlying Schemes (ETFs) SO - 10 Tracking error risk (pertaining to underlying Schemes): The performance of the Scheme may not 26 Axis Multi-Asset Active FoFcommensurate with the performance of the benchmark index on any given day or over any given period.

Such variation, referred to as tracking error may impact the performance of the Scheme.

Mitigation: The Investment Manager would monitor the tracking error of the Scheme on an ongoing basis and would seek to minimize tracking error to the maximum extent possible.

27 Axis Multi-Asset Active FoFII. Information about the scheme:

A. Where will the scheme invest – SO -29 Units of debt/equity oriented Mutual Fund schemes and Commodity ETFs The Scheme will invest in units of debt/equity oriented mutual fund schemes and Units of Commodity Exchange Traded Funds of Axis Mutual Fund or any other Mutual Fund including overseas active funds in conformity with the investment objective and asset allocation pattern of the Scheme and in terms of the prevailing SEBI (MF) Regulations. Provided that such investment will be within the limits specified under SEBI

(MF) Regulations.

Debt Instruments & Money Market Instruments Treasury Bill (T-Bills) Treasury Bills are issued by the Government of India to meet their short term borrowing requirements. T-Bills are issued for maturities of 14 days, 91 days, 182 days and 364 days. The Scheme may also invest in Cash Management Bill (CMB) issued by the Government of India to meet their short term borrowing requirements. CMB are generally issued for maturities of less than 91 days.

Commercial Usance Bills Bill (bills of exchange/promissory notes of public sector and private sector corporate entities) Rediscounting, usance bills and commercial bills.

Securities created and issued by the Central and State Governments as may be permitted by RBI, securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills). State Government securities (popularly known as State Development Loans or SDLs) are issued by the respective State Government in co-ordination with the RBI.

Government Securities having an unexpired maturity up to one year are included in money market instruments.

Short Term Deposits Pending deployment of funds as per the investment objective of the Scheme, the Funds may be parked in short term deposits of the Scheduled Commercial Banks, subject to guidelines and limits specified by SEBI.

Foreign Securities The Scheme shall invest in units/securities issued by overseas mutual funds investing in eligible securities in terms of Para 12.19 of SEBI Master circular for Mutual Funds and as amended from time to time, mutual funds can make overseas investments (other than overseas ETF) subject to a maximum of US $1 billion. The Mutual Fund may also appoint overseas investment advisors and other service providers, to the extent permissible under the Regulations.

SO - 16 The Mutual Fund may open one or more foreign currency accounts abroad either directly, or through the custodian/sub-custodian, to facilitate investments and to enter into/deal in forward currency contracts, currency futures, interest rate futures / swaps, currency options for the purpose of hedging the risks of assets of a portfolio or for its efficient management. However, the use of such instruments shall be as permitted from time to time. All the requirement of the Para 12.19 of SEBI Master circular for Mutual Funds . and as amended from time to time, would be adhered to by the AMC for investment in foreign securities.

An Investment in overseas securities shall be made in accordance with the requirements including appointment of a dedicated Fund Manager stipulated by SEBI and RBI from time to time.

The securities / instruments mentioned above and such other securities the Scheme is permitted to invest in could be listed, unlisted, privately placed, secured, unsecured, rated or unrated and of any maturity.

The securities may be acquired through primary market, secondary market, private placement, rights offers, negotiated deals etc. Further investments in debentures, bonds and other fixed income securities 28 Axis Multi-Asset Active FoFwill be in instruments which have been assigned investment grade rating by the Credit Rating Agency.

For applicable regulatory investment limits please refer paragraph "Investment Restrictions”.

The Fund Manager may invest in any other security as maybe permitted from time to time and which are in line with the investment objectives of the Scheme.

Debt and Money Markets in India The Indian debt market is today one of the largest in Asia and includes securities issued by the Government (Central & State Governments), public sector undertakings, other government bodies, financial institutions, banks and corporates. Government and public sector enterprises are the predominant borrowers in the markets. The major players in the Indian debt markets today are banks, financial institutions, mutual funds, insurance companies, primary dealers, trusts, pension funds and corporates. The Indian debt market is the largest segment of the Indian financial markets. The debt market comprises broadly two segments, viz.

Government Securities market or G-Sec market and corporate debt market. The latter is further classified as market for PSU bonds and private sector bonds.

The Government Securities (G-Secs) market, consists of G-Sec outstanding of Rs. 80,59,921.302cr as on Feb 28, 2022 (State Govt securities - Rs 38,31,895.100 cr, (as on Feb’21) Source: CCIL), is the oldest and the largest component (50% share in market cap) of the Indian debt market in terms of market capitalization, outstanding securities and trading volumes. The G-Secs market plays a vital role in the Indian economy as it provides the benchmark for determining the level of interest rates in the country through the yields on the Government Securities which are referred to as the risk-free rate of return in any economy. Over the years, there have been new products introduced by the RBI like zero coupon bonds, floating rate bonds, inflation indexed bonds, etc.

The corporate bond market, in the sense of private corporate sector raising debt through public issuance in capital market, is only an insignificant part of the Indian Debt Market. A large part of the issuance in the non-Government debt market is currently on private placement basis.

The money markets in India essentially consist of the call money market (i.e. market for overnight and term money between banks and institutions), repo transactions (temporary sale with an agreement to buy back the securities at a future date at a specified price), commercial papers (CPs, short term unsecured promissory notes, generally issued by corporates), certificate of deposits (CDs, issued by banks) and Treasury Bills (issued by RBI). In a predominantly institutional market, the key money market players are banks, financial institutions, insurance companies, mutual funds, primary dealers and corporates. In money market, activity levels of the Government and nongovernment debt vary from time to time. Instruments

that comprise a major portion of money market activity include but not limited to: • Overnight Call • Tri Party Repo • Repo/Reverse Repo Agreement • Treasury Bills • Government securities with a residual maturity of < 1 year.

• Commercial Paper • Certificate of Deposit Apart from these, there are some other options available for short tenure investments that include MIBOR linked debentures with periodic exit options and other such instruments. Though not strictly classified as Money Market Instruments, PSU / DFI / Corporate paper with a residual maturity of < 1 year, are actively traded and offer a viable investment option.

The market has evolved in past 2-3 years in terms of risk premia attached to different class of issuers. Bank CDs have clearly emerged as popular asset class with increased acceptability in secondary market. PSU banks trade the tightest on the back of comfort from majority government holding. Highly rated manufacturing companies also command premium on account of limited supply. However, there has been increased activity in papers issued by private/foreign banks/NBFCs/companies in high-growth sector due to higher yields offered by them. Even though companies across these sectors might have been rated 29 Axis Multi-Asset Active FoFon a same scale, the difference in the yield on the papers for similar maturities reflects the perception of their respective credit profiles.

The following table gives approximate yields prevailing on June 30, 2025 some of the instruments and further illustrates this point.

Instrument Current Yield range (%) Tri-party Repo Tri-party Repo

5.15/5.25 5.15/5.25 Repo Repo

5.15/5.25 5.15/5.25 3M T-bill 3M T-bill

5.35/5.40 5.35/5.40 1Y T-bill 1Y T-bill

5.50/5.55 5.50/5.55 10Y G-sec 10Y G-sec

6.30/6.35 6.30/6.35 3m PSU Bank CD 3m PSU Bank CD

5.70/5.75 5.70/5.75

Source: Bloomberg These yields are indicative and do not indicate yields that may be obtained in future as interest rates keep changing consequent to changes in macro-economic conditions and RBI policy. The price and yield on various debt instruments fluctuate from time to time depending upon the macro economic situation, inflation rate, overall liquidity position, foreign exchange scenario etc. Also, the price and yield vary according to maturity profile, credit risk etc.

B. What are the investment restrictions? Pursuant to Regulations, specifically the Seventh Schedule and amendments thereto, the following

investment restrictions are currently applicable to the Scheme:

1. As the scheme is a fund of fund scheme, it shall be subject to the following investment restrictions:

(a) The Scheme shall not invest in any other fund of funds scheme;

(b) The Scheme shall not invest its assets other than in schemes of mutual funds, except to the extent of funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions, as disclosed in the given Scheme Information Document.

2. The Scheme shall not make any investment in: a. any unlisted security of an associate or group company of the sponsor; or b. any security issued by way of private placement by an associate or group company of the sponsor;

or c. the listed securities of group companies of the sponsor which is in excess of 25% of the net assets.

3. The Mutual Fund shall get the securities purchased transferred in the name of the Fund on account of the concerned Scheme, wherever investments are intended to be of a long-term nature.

4. Transfer of investments from one scheme to another scheme in the same Mutual Fund is permitted

provided: a) such transfers are done at the prevailing market price for quoted instruments on spot basis (spot basis shall have the same meaning as specified by a Stock Exchange for spot transactions); and b) the securities so transferred shall be in conformity with the investment objective of the Scheme to 30 Axis Multi-Asset Active FoFwhich such transfer has been made.

SO -30 Further, inter scheme transfers shall be in accordance with Para 12.30 of SEBI Master circular for Mutual Funds . and as amended from time to time.

5. The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relevant securities and in all cases of sale, deliver the securities.

6. The scheme shall not invest in unlisted debt instruments including commercial papers, except

Government Securities and other money market instruments:

Provided that the shall invest in unlisted non-convertible debentures up to a maximum of 10% of the

debt portfolio of the scheme subject to such conditions as may be specified by SEBI from time to time:

Provided further that the Scheme shall comply with the norms under this clause within the time and in the manner as may be specified by the SEBI

7. Pending deployment of the funds of the Scheme in securities in terms of the investment objective of the Scheme, the AMC may park the funds of the Scheme in short term deposits of scheduled commercial banks, subject to the guidelines issued by SEBI from time to time:

The Scheme will comply with the following guidelines/restrictions for parking of funds in short term

deposits: i. “Short Term” for such parking of funds by the Scheme shall be treated as a period not exceeding 91 days. Such short-term deposits shall be held in the name of the Scheme. ii. The Scheme shall not park more than 15% of the net assets in short term deposit(s) of all the scheduled commercial banks put together. However, such limit may be raised to 20% with prior approval of the Trustee.

iii. Parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. iv.The Scheme shall not park more than 10% of the net assets in short term deposit(s), with any one scheduled commercial bank including its subsidiaries.

v. The Scheme shall not park funds in short term deposit of a bank which has invested in that Scheme.

Further, Trustees/ AMCs shall also ensure that the bank in which the Scheme has STD do not invest in the said scheme until the Scheme has STD with such bank. vi.The AMC will not charge any investment management and advisory fees for funds parked in short term deposits of scheduled commercial banks.

However, the above provisions will not apply to term deposits placed as margins for trading in cash market.

8. The Scheme shall not advance any loans.

9. The Scheme shall not borrow except to meet temporary liquidity needs of the Scheme for the purpose of repurchase/redemption of Units or payment of interest and/or IDCW to the Unit holders.

Provided that the Scheme shall not borrow more than 20% of the net assets of the individual Scheme and the duration of the borrowing shall not exceed a period of 6 months.

The Scheme will comply with the other Regulations applicable to the investments of Mutual Funds from time to time.

10. The Mutual Fund/AMC shall make investment out of the NFO proceeds only on or after the closure of the NFO period. The Mutual Fund/ AMC can however deploy the NFO proceeds in TREPS before the closure of NFO period. However, AMCs shall not charge any investment management and advisory fees on funds deployed in TREPS during the NFO period. The appreciation received from investment in TREPS shall be passed on to investors.

Further, in case the minimum subscription amount is not garnered by the scheme during the NFO period, the interest earned upon investment of NFO proceeds in TREPS shall be returned to investors, in proportion of their investments, along-with the refund of the subscription amount.

31 Axis Multi-Asset Active FoFApart from the investment restrictions prescribed under SEBI (MF) Regulations, does the fund follow any internal norms vis-à-vis limiting exposure to a particular scrip or sector, etc.

SO -19 The Scheme will comply with the other Regulations applicable to the investments of Mutual Funds from time to time.

All the investment restrictions will be applicable at the time of making investments.

The AMC/Trustee may alter these above stated restrictions from time to time to the extent the Regulations change, so as to permit the Scheme to make its investments in the full spectrum of permitted investments for mutual funds to achieve its respective investment objective.

C. Fundamental Attributes SO - 60 Following are the Fundamental Attributes of the scheme, in terms of Para 1.14 of SEBI Master Circular for

Mutual Funds:

(i) Type of a Scheme An open-ended fund of funds scheme investing in units of equity-oriented and debt-oriented o mutual fund schemes and commodity based ETFs

Category of the Scheme: Hybrid FoF (Domestic) o Sub-Category: Multi Asset Allocation FoF SO - 5

(ii) Investment Objective The investment objective of the Scheme is to provide long-term capital appreciation by actively o managing a portfolio of equity oriented and debt oriented mutual fund schemes and commodity based ETFs.

There can be no assurance that the investment objective of the Scheme will be achieved.

Investment Pattern: Please refer to Section – I Part – II A. ‘How will the Scheme Allocate its Assets?’. o

(iii) Terms of Issue Liquidity provisions such as listing, Repurchase, Redemption. ‘(Please refer to relevant provisions on o listing, repurchase, redemption in Section II - Part II - Point G ‘Other Details’).

Aggregate fees and expenses charged to the Scheme (please refer to Section I – Part III C “Annual o Scheme Recurring Expenses”).

Any safety or guarantee net provided. – Not applicable for the Scheme o In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and ) and Regulation 25(26) of the SEBI (MF) Regulations, read with clause 1.14.1.4 and 17.10 of Master Circular, the Trustees and AMC shall ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s) / Option(s) thereunder and affect the interests of

Unitholders is carried out unless: • SEBI has reviewed and provided its comments on the proposal • A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and • The Unitholders are given an option for a period of at least 30 calendar days to exit at the prevailing Net Asset Value without any exit load.

In addition to the conditions specified above, any change suggested by SEBI would be incorporated before carrying such proposed change(s).

D. Index methodology (for index funds, ETFs and FOFs having one underlying domestic ETF)- Disclosures regarding the index, index eligibility criteria, methodology, index service provider, index constituents, 32 Axis Multi-Asset Active FoFimpact cost of the constituents. – Not Applicable E. Principles of incentive structure for market makers (for ETFs) – Not Applicable F. Floors and ceiling within a range of 5% of the intended allocation against each sub class of asset, as per clause 13.6.2 of SEBI master circular for mutual funds . (only for close ended debt schemes) – Not Applicable G. Other Scheme Specific Disclosures:

Listing and Listing transfer of units The Scheme is an open ended scheme under which Sale and Repurchase will be made on a continuous basis and therefore listing on stock exchanges is not envisaged. However, the Trustee reserves the right to list the Units as and when considered necessary in the interest of Unit holders of the Fund.

Transferability of units:

Units unless otherwise restricted or prohibited shall be freely transferable by act of parties or by operation of law. The asset management company shall on production of instrument of transfer together with the relevant unit certificates, register the transfer and return the unit certificates to the transferee within timelines prescribed by SEBI from time to time.

For more details refer to the SAI.

Dematerialization Investors shall have an option to receive allotment of Mutual Fund units in their demat of units account while subscribing to the Scheme in terms of the guidelines/ procedural requirements as laid by the Depositories (NSDL/CDSL) from time to time.

SO -58 Investors desirous of having the Units of the Scheme in dematerialized form should contact the ISCs of the AMC/Registrar.

Where units are held by investor in dematerialized form, the demat statement issued by the Depository Participant would be deemed adequate compliance with the requirements in respect of dispatch of statements of account.

In case investors desire to convert their existing physical units (represented by statement of account) into dematerialized form or vice versa, the request for conversion of units held in physical form into Demat (electronic) form or vice versa should be submitted along with a Demat/Remat Request Form to their Depository Participants. In case the units are desired to be held by investor in dematerialized form, the KYC performed by Depository Participant shall be considered compliance of the applicable SEBI norms.

Further, demat option shall also be available for SIP transactions. Units will be allotted based on the applicable NAV as per Scheme Information Document and will be credited to investors Demat Account as per the settlement calendar.

Units held in Demat form are freely transferable in accordance with the provisions of SEBI (Depositories and Participants) Regulations, as may be amended from time to time. Transfer can be made only in favour of transferees who are capable of holding units and having a Demat Account. The delivery instructions for transfer of units will have to be lodged with the Depository Participant in requisite form as may be required from time to time and transfer will be affected in accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode.

For details, Investors may contact any of the Investor Service Centres of the AMC.

Minimum Target Rs. 10 crores.

33 Axis Multi-Asset Active FoFamount This is the minimum amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return. However, if AMC fails to refund the amount within 5 business days from date of closure of NFO, interest as specified by SEBI (currently 15% p.a.) will be paid to the investors from the expiry of 5 business days from the date of closure of the NFO.

Maximum Not Applicable Amount to be raised (if any) Dividend Policy Under the IDCW option, the Trustee will have the discretion to declare the IDCW, ( IDCW ) subject to availability of distributable surplus calculated in accordance with the Regulations. The actual declaration of IDCW and frequency will inter-alia, depend on availability of distributable surplus calculated in accordance with SEBI (MF) Regulations and the decisions of the Trustee shall be final in this regard. There is no assurance or guarantee to the Unit holders as to the rate of IDCW nor that it will be paid regularly.

The AMC/Trustee reserves the right to change the frequency of declaration of IDCW or may provide for additional frequency for declaration of IDCW.

IDCW Distribution Procedure In accordance with Chapter 11 of SEBI Master Circular on Mutual Funds as amended from time to time, the procedure for distribution would be as under:

1. Quantum of IDCW and the record date will be fixed by the Trustee. IDCW so decided shall be paid, subject to availability of distributable surplus.

2. Within one calendar day of the decision by the Trustees, AMC shall issue notice to the public communicating the decision including the record date. The record date shall be three (3) working days from the date of publication in at least one English newspaper or in a newspaper published in the language of the region where the Head Office of the mutual fund is situated, whichever is issued earlier.

3. Record date shall be the date, which will be considered for the purpose of determining the eligibility of investors whose names appear on the register of Unit holders for receiving IDCW.

4. The notice will, in font size 10, bold, categorically state that pursuant to payment of IDCW, the NAV of the Scheme would fall to the extent of payout and statutory levy (if applicable).

5. The NAV will be adjusted to the extent of IDCW distribution and statutory levy, if any, at the close of business hours on record date.

6. Before the issue of such notice, no communication indicating the probable date of IDCW declaration in any manner whatsoever will be issued by Mutual Fund.

However, the requirement of giving notice shall not be applicable for IDCW options having frequency up to one month.

Allotment Allotment will be made to all valid applications received during the New Fund Offer (Detailed Period. Allotment of Units, shall be completed not later than 5 business days after the procedure) close of the New Fund Offer Period.

(During NFO) On acceptance of the application for subscription, an allotment confirmation specifying the number of units allotted by way of e-mail and/or SMS within 5 business days from the date of receipt of transaction request/allotment will be sent to the Unit Holders registered e-mail address and/or mobile number.

In cases where the email does not reach the Unit holder, the Fund / its Registrar & Transfer Agents will not be responsible, but the Unit holder can request for fresh statement. The Unit holder shall from time to time intimate the Fund / its Registrar & Transfer Agent about any changes in his e-mail address.

34 Axis Multi-Asset Active FoFRefund During NFO:

Fund will refund the application money to applicants whose applications are found to be incomplete, invalid or have been rejected for any other reason whatsoever.

Refund instruments will be dispatched within 5 business days of the closure of NFO period. In the event of delay beyond 5 business days, the AMC shall be liable to pay interest at 15% per annum or such other rate of interest as maybe prescribed from time to time.

During Ongoing Offer period:

The AMC will refund the subscription money to applicants whose applications are found to be incomplete, invalid or have been rejected for any other reason whatsoever in accordance with the AMFI best practice guidelines in the matter.

The AMC will endeavor to refund such amounts within 5 business days from the date of purchase transactions as per the timestamp / applicable NAV, where the application form / online transaction is received along with the payment and the funds have been realized. Where the subscription amount and the application/ online transaction are received separately, the period of 5 business days shall be reckoned from the later of the date of identifying the remitter details, based on the credit

provided by the Bank or receipt and time stamping of application/ online transaction.

In the event of delay beyond 5 business days, the AMC in line with AMFI best practice guidelines on the matter, will pay interest at 15% per annum or such other rate of interest as may be prescribed from time to time.

Who can invest The following persons (subject to, wherever relevant, purchase of units of mutual funds, being permitted under respective constitutions, and relevant statutory This is an regulations) are eligible and may apply for Subscription to the units of the Scheme:

indicative list and 1. Resident adult individuals either singly or jointly (not exceeding three) or on an investors shall Anyone or Survivor basis; consult their 2. Hindu Undivided Family (HUF) through Karta;

financial advisor 3. Minor (as the first and the sole holder only) through a natural guardian (i.e. father to ascertain or mother, as the case may be) or a court appointed legal guardian. There shall whether the not be any joint holding with minor investments;

scheme is 4. Partnership Firms;

Suitable to their 5. Limited liability partnership firms;

6. Proprietorship in the name of the sole proprietor; risk profile.

7. Companies, Bodies Corporate, Public Sector Undertakings (PSUs.), Association of Persons (AOP) or Bodies of Individuals (BOI) and societies registered under the Societies Registration Act, 1860(so long as the purchase of Units is permitted under the respective constitutions);

8. Banks (including Co-operative Banks and Regional Rural Banks) and Financial Institutions;

9. Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as "Public Securities" as required) and Private trusts authorised to invest in mutual fund schemes under their trust deeds;

10. Non-Resident Indians (NRIs) / Persons of Indian origin (PIOs) )/ Overseas Citizens of India (OCI)residing abroad on repatriation basis or on non-repatriation basis;

11. Foreign Portfolio Investor (FPI) registered with SEBI on repatriation basis. These investments shall be subject to the conditions prescribed by SEBI, RBI, Income Tax authorities and the AMC, from time to time;

12. Army, Air Force, Navy and other para-military units and bodies created by such institutions;

13. Scientific and Industrial Research Organisations;

14. Multilateral Funding Agencies / Bodies Corporate incorporated outside India with the permission of Government of India / RBI;

15. Provident/ Pension/ Gratuity Fund to the extent they are permitted;

35 Axis Multi-Asset Active FoF16. Other schemes of Axis Mutual Fund or any other mutual fund subject to the conditions and limits prescribed by SEBI Regulations;

17. Schemes of Alternative Investment Funds;

18. The Trustee, AMC or Sponsor or their associates may subscribe to Units under the Scheme;

19. Such other category of person(s) permitted to make investments and as may be specified by the AMC / Trustee from time to time.

Subject to SEBI (Mutual Funds) Regulations, 1996, any application for subscription of units may be accepted or rejected in the sole and absolute discretion of the AMC/ Trustee company. The AMC/ Trustee company may also reject any application for subscription of units if the application is invalid, incomplete, or if the AMC/ Trustee company for any other reason does not believe that it would be in the interest of the scheme or its unitholders to accept such an application.

Who cannot 1. Any individual who is a foreign national or any other entity that is not an Indian invest resident under the Foreign Exchange Management Act, 1999 (FEMA Act) except where registered with SEBI as a FPI or otherwise explicitly permitted under FEMA Act/ by RBI/ by any other applicable authority.

2. Pursuant to RBI A.P. (DIR Series) circular no. 14 dated September 16, 2003, Overseas Corporate Bodies (OCBs) cannot invest in Mutual Funds.

3. NRIs residing in Non-Compliant Countries and Territories (NCCTs) as determined by the Financial Action Task Force (FATF), from time to time.

4. U.S. Persons and Residents of Canada as defined under the applicable laws of U.S. and Canada except the following: a. subscriptions received by way of lump sum / switches / systematic transactions received from Non-resident Indians (NRIs) /Persons of Indian origin (PIO) / Overseas Citizen of India (OCI) who at the time of such investment, are present in India and b. FPIs

5. Such other persons as may be specified by AMC from time to time.

These investors need to submit a physical transaction request along with such documents as may be prescribed by the AMC/ the Trustee/ the Fund from time to time.

The AMC reserves the right to put the transaction requests on hold/reject the transaction request/reverse allotted units, as the case may be, as and when identified by the AMC, which are not in compliance with the terms and conditions notified in this regard.

The Trustee / the AMC /the Fund reserve the right to change/ modify the above provisions at a later date.

How to Apply Investors can undertake transactions in the Schemes of Axis Mutual Fund either and other details through physical, online / electronic mode or any other mode as may be prescribed (where can you from time to time.

submit the filled up applications Physical Transactions including For making application for subscription / redemption / switches, application form purchase/redem and Key Information Memorandum may be obtained from / submitted to the ption switches be Official Points of Acceptance (OPAs) of AMC or downloaded from the website of submitted.) AMC viz. www.axismf.com.

Online / Electronic Transactions SO -35 Investors can undertake transactions via electronic mode through various online facilities offered by Axis AMC / other platforms specified by AMC from time to time.

36 Axis Multi-Asset Active FoFFor name, address and contact no. of Registrar and Transfer Agent (R&T), email id of R&T, website address of R&T, official points of acceptance, collecting banker details etc. refer back cover page.

Please note it is mandatory for unitholders to mention their bank account numbers in their applications/requests for redemption.

Please refer to the SAI and Application form for the instructions The policy Units once redeemed will be extinguished and will not be reissued. regarding reissue of repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Restrictions, if Pledge/Lien of Units any, on the right The Unit under the Scheme may be offered as security by way of a pledge / to lien/charge in favour of scheduled banks, financial institutions, non-banking finance freely retain or companies (NBFCs), or any other person. The AMC and / or the ISC will note and dispose of units record such Pledged/liened Units. The AMC shall mark a pledge/lien only upon being offered. receiving the duly completed form and documents as it may require. Disbursement of such loans will be at the entire discretion of the bank / financial institution / NBFC or any other person concerned and the Mutual Fund assumes no responsibility thereof.

The Pledger/ lienor will not be able to redeem/Switch-out Units that are pledged/liened until the entity to which the Units are pledged/liened provides written authorisation to the Mutual Fund that the pledge / lien charge may be removed. As long as Units are pledged/liened, the Pledgee/lienee will have complete authority to redeem / Switch-out such Units. IDCW declared on Units under lien/pledge will be paid / re-invested to the credit of the Unit Holder and not the lien holder unless specified otherwise in the lien letter.

If there are subsisting credit facilities secured by a duly created pledge/lien, I, the nominee(s) or legal heirs / legal representative(s) shall be required to obtain a due discharge certificate from the creditors at the time of transmission of units.

For NRIs, the Scheme may mark a lien on Units in case documents which need to be submitted are not given in addition to the application form and before the submission of the redemption / Switch-out request.

The Units held in demat mode can be pledged/ liened as per the provisions of Depositories Act and Depositories Rules and Regulations.

However, the AMC reserves the right to change operational guidelines for pledge/ lien on Units from time to time.

Suspension/Restriction on Redemption of Units of the Scheme Subject to the approval of the Boards of the AMC and of the Trustee and subject also to necessary communication of the same to SEBI, the redemption of / switch-out of Units of Scheme, may be temporarily suspended/ restricted. In accordance with Para

1.12 of SEBI Master Circular on Mutual Funds as amended from time to time and subject to prevailing regulations, restriction on/suspension of redemptions / switch- out of Units of the Scheme, may be imposed when there are circumstances leading 37 Axis Multi-Asset Active FoFto systemic crisis or event that severely constricts market liquidity or the efficient

functioning of markets such as: a) Liquidity issues: when market at large becomes illiquid affecting almost all securities rather than any issuer specific security; b) Market failures, exchange closures: when markets are affected by unexpected events which impact the functioning of exchanges or the regular course of transactions. Such unexpected events could also be related to political, economic, military, monetary or other emergencies;

c) Operational issues: when exceptional circumstances are caused by force majeure, unpredictable operational problems and technical failures (e.g. a black out).

Restriction on / suspension of redemption of Units of the Scheme may be imposed for a specified period of time not exceeding 10 working days in any 90 days period.

When restriction on / suspension of redemption of Units of the Scheme is imposed, the

following procedure shall be applied: i. No redemption / switch-out requests upto Rs. 2 lakhs shall be subject to such restriction. ii. Where redemption / switch-out requests are above Rs. 2 lakhs, the AMC shall redeem the first Rs. 2 lakhs without such restriction and remaining part over and above Rs. 2 lakhs shall be subject to such restriction.

In addition to the above, the AMC / Trustee may restrict / suspend redemptions / switch-out of Units of the Scheme pursuant to direction/ approval of SEBI.

In case of any of the above eventualities, the general time limits for processing requests for redemption of Units will not be applicable.

Also refer to the paragraph ‘Suspension of Purchase and Redemption of Units’ in the Statement of Additional Information.

Cut off timing for Subscriptions/Purchases including Switch - ins: subscriptions/ The following cut-off timings shall be observed by the Mutual Fund in respect of redemptions/ purchase of units of the Scheme and the following NAVs shall be applied for such switches

purchase:

This is the time 1. where the application is received upto 3.00 pm on a Business day and funds are before which available for utilization before the cut-off time – the closing NAV of the Business your application day shall be applicable;

2. where the application is received after 3.00 pm on a Business day and funds are (complete in all available for utilization on the same day or before the cut-off time of the next respects) should Business Day - the closing NAV of the next Business Day shall be applicable;

reach the

3. irrespective of the time of receipt of application, where the funds are not official points of available for utilization before the cut-off time - the closing NAV of Business day acceptance. on which the funds are available for utilization shall be applicable.

For determining the applicable NAV for allotment of units in respect of purchase / switch in the Scheme, it shall be ensured that: i. Application is received before the applicable cut-off time. ii. Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the Scheme before the cut-off time.

iii. The funds are available for utilization before the cut-off time. - The aforesaid provisions shall also be applicable to systematic transactions like Systematic Investment Plan, Systematic Transfer Plan, etc offered by scheme.

38 Axis Multi-Asset Active FoF- In case of ‘switch’ transactions from one scheme to another, the allocation shall be in line with redemption payouts. Switch in will be processed at the Applicable NAV (on a Business Day) based on realization of funds as per the redemption pay-out cycle for the switch-out scheme.

Redemptions including Switch - outs:

The following cut-off timings shall be observed by the Mutual Fund in respect of

Repurchase of units: a. where the application received upto 3.00 pm – closing NAV of the day of receipt of application; and b. an application received after 3.00 pm – closing NAV of the next Business Day.

The above mentioned cut off timing shall also be applicable to transactions through the online trading platform.

In case of Transaction through Stock Exchange Infrastructure, the Date of Acceptance will be reckoned as per the date & time; the transaction is entered in stock exchange’s infrastructure for which a system generated confirmation slip will be issued to the investor.

Ongoing price At the Applicable NAV for subscription

(purchase) Para 10.4 of SEBI Master Circular on Mutual Funds as amended from time to time has /switch-in (from decided that there shall be no entry Load for all Mutual Fund Schemes. Hence, no other entry load is levied for subscription transactions by the Scheme.

schemes/plans

of the mutual Methodology of calculating subscription price: fund) by Subscription Price = Applicable NAV*(1+Entry Load, if any) investors. Example: If the Applicable NAV is Rs. 10, Entry Load is NIL then the subscription price

will be:

This is the price = Rs. 10* (1+NIL) you need to pay = Rs. 10 for purchase/switch -in.

Ongoing price At the Applicable NAV subject to prevailing Exit Load. for redemption

(sale) /switch outs (to other Ongoing price for redemption /Switch out (to other Schemes/Plans of the Mutual schemes/plans Fund) is price which a Unit holder will receive for redemption/Switch-outs. During the of the Mutual continuous offer of the Scheme, the Unit holder can redeem the Units at Applicable Fund) by NAV, subject to payment of Exit Load, if any. It will be calculated as follows:

investors.

Methodology of calculating repurchase price:

This is the price you will receive Redemption Price = Applicable NAV*(1-Exit Load, if any)

for Example: If the Applicable NAV is Rs. 10, Exit Load is 2% then redemption price will redemptions/swit be: ch outs. =Rs. 10* (1-0.02) = Rs. 9.80 - Investors/Unit holders should note that the AMC/Trustee has right to modify existing Load structure and to introduce Loads subject to a maximum limits prescribed under the SEBI Regulations.

Any change in Load structure will be effective on prospective basis and will not affect the existing Unit holder in any manner.

However, the Mutual Fund will ensure that the Redemption Price will not be lower 39 Axis Multi-Asset Active FoFthan 95% of the Applicable NAV. The Purchase Price shall be at applicable NAV.

Minimum amount Refer Section I – Part I for Minimum amount for purchase/redemption/switches. for purchase / Minimum Redemption Amount/Switch Out redemption / switches There will be no minimum redemption criterion. The Redemption / Switch-out would be permitted to the extent of credit balance in the Unit holder’s account of the Plan(s) / Option(s) of the Scheme (subject to release of pledge / lien or other encumbrances). The Redemption / Switch-out request can be made by specifying the rupee amount or by specifying the number of Units of the respective Plan(s) / Option(s) to be redeemed. In case a Redemption / Switch-out request received is for both, a specified rupee amount and a specified number of Units of the respective Plan(s)/ Option(s), the specified number of Units will be considered the definitive request.

In case of Units held in dematerialized mode, the Unit Holder can give a request for Redemption only in number of Units which can be fractional units also. Depository participants of registered Depositories can process only redemption request of units held in demat mode.

The AMC/ Trustee reserves the right to change/ modify the terms of minimum redemption amount/switch-out.

Accounts The AMC shall send an allotment confirmation specifying the units allotted by way of Statements email and/or SMS within 5 working days of receipt of valid application/transaction to the Unit holders registered e-mail address and/ or mobile number (whether units are held in demat mode or in account statement form).

SO - 61 The AMC shall dispatch a Consolidated Account Statement (CAS) detailing all the transactions across all mutual funds (including transaction charges paid to the distributor) and holding at the end of the month shall be sent to the Unit holders in whose folio(s) transaction(s) have taken place during the month by mail or email on or before 15th of the succeeding month.

For investor having demat account, the depositories shall dispatch a monthly consolidated statement with details across all schemes of mutual funds and securities held in dematerialized form across demat accounts and dispatch the same to investors who have opted for delivery via electronic mode (e-CAS) by the 12th day from the month end and to investors who have opted for delivery via physical mode by the 15th day from the month end.

For folios where there are no transactions during the half – year, the AMC shall dispatch a half – yearly CAS at the end of every six months (i.e. September/March) on or before the 21st day of the succeeding month for holdings across all mutual funds at the end of the half-year.

For folios where there are no transactions during the half – year , the depositories shall dispatch a consolidated statement (for investors having a demat account) i.e. half- yearly CAS at the end of every six months (i.e. September/ March) to investors that have opted for e-CAS on or before the 18th day of April and October and to investors who have opted for delivery via physical mode by the 21st day of April and October to all investors providing the prescribed details across all schemes of mutual funds and securities held in dematerialized form across demat accounts, if applicable For further details, refer SAI.

40 Axis Multi-Asset Active FoFDividend/ IDCW The payment of dividend/IDCW to the unitholders shall be made within seven working days from the record date.

The AMC shall be liable to pay interest to the Unit holders at 15% p.a. or such other rate as may be prescribed by SEBI from time to time, in the event of failure of despatch of dividend payments within the stipulated time period calculated from the record date.

Redemption The redemption or repurchase proceeds shall be dispatched to the unitholders within three working days from the date of redemption or repurchase.

For list of exceptional circumstances refer para 14.1.3 of SEBI Master Circular for Mutual Funds.

For detailed procedure on how to redeem, kindly refer SAI.

Bank Mandate It is mandatory for investors to mention investor’s bank account details on the form.

Applications without this information are liable to be rejected. The Mutual Fund / SO - 62 AMC reserves the right to hold redemption proceeds in case requisite bank details are not submitted.

Delay in payment The Asset Management Company shall be liable to pay interest to the unitholders at of redemption / rate as specified vide clause 14.2 of SEBI Master Circular for Mutual Funds . by SEBI repurchase for the period of such delay.

proceeds / dividend The AMC shall pay interest to the Unit holders at 15% or such other rate as may be prescribed by SEBI from time to time, in case the Redemption / Repurchase proceeds are not made within three (3) working Days of the date of Redemption / Repurchase.

However, the AMC will not be liable to pay any interest or compensation or any amount otherwise, in case the AMC / Trustee is required to obtain from the Investor / Unit holders verification of identity or such other details relating to Subscription for Units under any applicable law or as may be requested by a Regulatory Agency or any government authority, which may result in delay in processing the application.

Unclaimed As per Para 14.3 of SEBI Master Circular on Mutual Funds as amended from time to Redemption and time, the unclaimed Redemption and IDCW amounts shall be deployed by the Fund Income in money market instruments and such other instruments/securities as maybe Distribution cum permitted from time to time. The investment management fee charged by the AMC Capital for managing such unclaimed amounts shall not exceed 50 basis points. The circular Withdrawal also specifies that investors who claim these amounts during a period of three years Amount from the due date shall be paid at the prevailing NAV. Thus, after a period of three years, this amount can be transferred to a pool account and the investors can claim the said amounts at the NAV prevailing at the end of the third year. In terms of the SO - 53

circular, the onus is on the AMC to make a continuous effort to remind investors through letters to take their unclaimed amounts. The details of such unclaimed amounts shall be disclosed in the annual report sent to the Unit Holders.

Further, according to Para 14.3 of SEBI Master Circular on Mutual Funds as amended from time to time the unclaimed Redemption and IDCW amounts may be deployed in separate plan of Overnight scheme/Liquid scheme/Money market mutual fund scheme floated by Mutual Funds specifically for deployment of the unclaimed Redemption and IDCW amounts.

Disclosure w.r.t Following is the process for investments made in the name of a Minor through a

investment by Guardian: - minors • Payment for investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the SO - 37 minor with parent or legal guardian.

41 Axis Multi-Asset Active FoF• Mutual Fund will send an intimation to Unit holders advising the minor (on attaining majority) to submit an application form along with prescribed documents to change the status of the account from ‘minor’ to ‘major’.

• All transactions / standing instructions / systematic transactions etc. will be suspended i.e. the Folio will be frozen for operation by the guardian from the date of beneficiary child completing 18 years of age, till the status of the minor is changed to major. Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new bank account.

• No investments (lumpsum/SIP/ switch in/ STP in etc.) in the scheme would be allowed once the minor attains majority i.e. 18 years of age.

Any other NIL disclosure in terms of Consolidated Checklist on Standard Observations III. Other Details A. In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective, Investment Strategy, TER, AUM, Year wise performance, Top 10 Holding/ link to Top 10 holding of the underlying fund should

be provided:

SO -26 Fund Name Investment Objective Investment Strategy Inception Date AUM (INR Cr) ______ The Scheme is a new fund to be launched hence this disclosure is not Benchmark applicable.

Performance TER Other Details (TER, Performance, Top 10 Holdings, Asset Allocation etc) B. Periodic Disclosures Monthly and Half The AMC will disclose the portfolio of the Scheme (alongwith ISIN) as on the last day

yearly Disclosures: of the month / half year on the website of the Mutual Fund and AMFI within 10 days Portfolio / from the close of each month/ half year (i.e. 31st March and 30th September) Financial Results respectively in a user-friendly and downloadable spreadsheet format. Further, AMC shall publish an advertisement in an all India edition of one national English daily This is a list of newspaper and one Hindi newspaper, every half year, disclosing the hosting of the securities where half-yearly statement of its schemes’ portfolio on the website of the Mutual Fund the corpus of the and AMFI and the modes through which unitholder(s) can submit a request for a scheme is physical or electronic copy of the statement of scheme portfolio. The AMC will also currently invested. provide a dashboard, in a comparable, downloadable (spreadsheet) and The market value machine readable format, providing performance and key disclosures like of these Scheme’s AUM, investment objective, expense ratios, portfolio details, scheme’s investments is also past performance etc. on website.

stated in portfolio For details, please refer our website: https://www.axismf.com/statutory-disclosures 42 Axis Multi-Asset Active FoFdisclosures.

Half Yearly Results The Mutual Fund shall within one month from the close of each half year, that is on 31st March and on 30th September, host a soft copy of its unaudited financial results on the website of the AMC and AMFI.

The mutual fund shall publish an advertisement disclosing the hosting of such financial results on their website, in at least one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the Mutual Fund is situated.

The unaudited financial results will also be displayed on the website of the AMC and AMFI.

For details, please refer our website: https://www.axismf.com/statutory-disclosures Annual Report The Scheme annual report or an abridged summary thereof shall be mailed (emailed, where e mail id is provided unless otherwise required)) to all Unit holders not later than four months (or such other period as may be specified by SEBI from time to time) from the date of closure of the relevant accounting year (i.e. 31st March each year) and full annual report shall be available for inspection at the Head Office of the Mutual Fund and a copy shall be made available to the Unit holders on request on payment of nominal fees, if any. Scheme wise annual report shall also be displayed on the website of the Mutual Fund (www.axismf.com) and on the website of Association of Mutual Funds in India (www.amfiindia.com).

Unitholders whose email addresses are not registered with the Mutual Fund may ‘opt-in’ to receive a physical copy of the annual report or an abridged summary thereof.

Further, AMC shall provide a physical copy of the abridged summary of the Annual Report, without charging any cost, on a specific request received from a unitholder.

AMC shall also publish an advertisement every year, in an all India edition of one national English daily newspaper and in one Hindi newspaper, disclosing the hosting of the scheme wise annual report on the website of the Mutual Fund and AMFI and the modes through which a unitholder can submit a request for a physical or electronic copy of the annual report or abridged summary thereof.

For details, please refer our website: https://www.axismf.com/statutory-disclosures Risk-o-meter and The AMC shall review Risk-o-meters on a monthly basis based on evaluation of risk Benchmark Risko- level of Scheme’s month end portfolio. Any change in risk-o-meter of the scheme meter or its benchmark shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular scheme. Investors may SO -38 also refer to the website/portfolio disclosure for the latest Risk-o-meter of the Scheme.

Scheme Summary The AMC has provided on its website Scheme Summary Document which is a Document standalone scheme document for all the Schemes which contains all the details of the Scheme viz. Scheme features, Fund Manager details, investment details, SO -38 investment objective, expense ratios, portfolio details, etc.

For details, please refer our website: https://www.axismf.com/statutory-disclosures Any disclosure in NIL terms of consolidated checklist of standard observations SO – 41 &43 4 2 Axis Multi-Asset Active FoFC. Transparency/NAV Disclosure The AMC will calculate and disclose the first NAV of the Scheme within a period of 5 business days from the date of allotment under the New Fund Offer. Subsequently, The AMC will calculate and disclose the NAVs on all Business Days. The AMC shall update the NAVs on its website (www.axismf.com) and of the Association of Mutual Funds in India - AMFI (www.amfiindia.com) before 10.00 a.m. on the next Business Day.

If the NAVs are not available on the following day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAV.

Information regarding NAV can be obtained by the Unit holders / Investors by calling or visiting the nearest ISC.

D. Transaction charges and stamp duty:

Transaction Charges: Not Applicable

Stamp Duty:

Pursuant to Notification No. S.O. 1226(E) and G.S.R. 226(E) dated March 30, 2020 issued by Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice, Government of India on the Finance Act, 2019, stamp duty @0.005% of the transaction value would be levied on applicable mutual fund transactions.

Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase transactions (including IDCW reinvestment) to the unitholders would be reduced to that extent.

For further details on Stamp Duty to be provided in SAI.

E. Associate Transactions- Please refer to Statement of Additional Information (SAI) F. Taxation- For details on taxation please refer to the clause on Taxation in the SAI apart from the

following:

A. Taxation of other than specified mutual funds & other than Equity-Oriented Mutual Funds (Rates applicable for the Financial Year 2025-26) Taxability in the hands of Individuals / Non-corporates / Corporates Particulars Resident Non-Resident Tax on distributed income Taxed in the hands of unitholders Taxed in the hands of unitholders (dividend income) at applicable rate under the at the rate of 20% u/s 115A/ provisions of the Income-tax Act, 115AD of the Act (plus 1961 (Act) applicable surcharge and health and education cess) (Refer Note 2) Capital Gains 44 Axis Multi-Asset Active FoFLong Term Capital Gains -Listed funds 12.5% (plus applicable 12.5% (plus applicable surcharge and health and surcharge and health and (held for a period of more than education cess) without education cess) without 12 months) indexation indexation

12.5% (plus applicable 12.5% (plus applicable -Unlisted funds surcharge and health and surcharge and health and (held for a period of more than education cess) without education cess) without 24 months) indexation indexation Short Term Capital Gains 30% (Refer Note 6) -Listed funds 30% (Refer Note 6) (plus applicable surcharge and (held for a period of less than or (35% in case of Foreign health and education cess) equal to 12 months) companies) (plus applicable surcharge and health and education cess) 30% (Refer Note 6) 30% (Refer Note 6) -Unlisted funds (plus applicable surcharge and (35% in case of Foreign (held for a period of less than or health and education cess) companies) equal to 24 months) (plus applicable surcharge and health and education cess) Notes –

1. Axis Mutual Fund is a Mutual Fund registered with the Securities & Exchange Board of India and hence the entire income of the Mutual Fund will be exempt from income tax in accordance with the provisions of section 10(23D) of the Act.

2. Applicable rates for individual, corporates and non-corporates are as under:

Particulars Income slab Rate of tax Individual/ Hindu Undivided Where total income for a tax year Nil Family (HUF)/ AOP/ BOI# (April to March) is less than or equal to Rs 2,50,000* (the basic exemption limit) Where such total income is more 5% of the amount by which the than Rs 2,50,000* but is less than or total income exceeds equal to Rs 5,00,000 Rs 2,50,000* Where such total income is more Rs 12,500 plus 20% of the amount than Rs 5,00,000* but is less than or by which the total income equal to Rs 10,00,000 exceeds Rs 5,00,000* 45 Axis Multi-Asset Active FoFWhere such total income is more Rs 1,12,500 plus 30% of the than Rs 10,00,000 amount by which the total income exceeds Rs 10,00,000 Co-operative society Where total income for a tax year 10% of the total income (April to March) is less than or equal to Rs 10,000 Where such total income is more Rs 1,000 plus 20% of the amount than Rs 10,000 but is less than or by which the total income equal to Rs 20,000 exceeds Rs 10,000 Where the total income exceeds Rs 3,000 plus 30% of the amount Rs 20,000 by which the total income exceeds Rs 20,000 Co-operative society availing 22% concessional tax rate benefit (subject to prescribed conditions) under section 115BAD of the Act Co-operative society availing 15% concessional tax rate benefit (subject to prescribed conditions) under section 115BAE of the Act Domestic Corporate (where the 30% total turnover or gross receipts of such company for financial year 2023-24 exceeds Rs 400 crores)/ Partnership firm/ LLP/ Local authority/ FPIs Domestic company, where the 25% total turnover or gross receipts of such company for financial year 2023-24 does not exceed Rs 400 crores Domestic company availing 22% concessional tax rate benefit (subject to prescribed conditions) under section 115BAA of the Act Domestic company engaged 15% solely in the business of manufacture/ production and availing concessional tax rate benefit (subject to prescribed conditions) under section 115BAB of the Act AOP/ BOI 30% or such higher rate of tax applicable to the individual members of the AOP/ BOI Foreign Corporates 35% FPIs 30% 46 Axis Multi-Asset Active FoF*In case of resident individuals of age 60 years or more, but less than 80 years, the basic exemption limit is Rs 3,00,000. Income between Rs 3,00,000 and Rs 500,000 will be taxable at the rate of 5%.

In case of resident individuals of age 80 years or more, the basic exemption limit is Rs 5.00,000. Income exceeding Rs 5,00,000 but less than or equal to Rs 10,00,000 will be taxable at the rate of 20%.

#Section 115BAC of the Act provides individuals and HUFs to pay tax in respect of their total income at the following rates (default regime):

Income slab Tax rate Where total income for a tax year (April to March) is less Nil than or equal to Rs 4,00,000 (the basic exemption limit) Where such total income is more than Rs 4,00,000 but is less 5% of the amount by which the total than or equal to Rs 8,00,000 income exceeds Rs 4,00,000 Where such total income is more than Rs 8,00,000 but is less Rs 20,000 plus 10% of the amount by which than or equal to Rs 12,00,000 the total income exceeds Rs 8,00,000 Where such total income is more than Rs 12,00,000 but is Rs 60,000 plus 15% of the amount by which less than or equal to Rs 16,00,000 the total income exceeds Rs 12,00,000 Where such total income is more than Rs 16,00,000 but is Rs 1,20,000 plus 20% of the amount by less than or equal to Rs 20,00,000 which the total income exceeds Rs 16,00,000 Where such total income is more than Rs 20,00,000 but is Rs 2,00,000 plus 25% of the amount by less than or equal to Rs 24,00,000 which the total income exceeds Rs 20,00,000 Where such total income is more than Rs 24,00,000 Rs 3,00,000 plus 30% of the amount by which the total income exceeds Rs 24,00,000 Further, Finance Bill 2025 has proposed to enhance the threshold of total income for claiming the rebate under concessional tax regime (i.e. default regime) in case of resident individual from Rs 7,00,000 to Rs 12,00,000 and increased the limit of rebate from Rs 25,000 to Rs 60,000. However, the said rebate is not available on incomes chargeable to tax at special rates (for eg. capital gains under

section 111A, 112 etc.).

3. Surcharge at the following rate to be levied in case of individual / HUF/ non-corporate non-firm unit

holders:

Individual/ HUF / non-corporate Income non-firm unit holders

(a) Above Rs 50 lakh upto Rs 1 crore (including dividend income and capital gains 10% income under section 111A, 112 and 112A of the Act)

(b) Above Rs 1 crore upto Rs 2 crores (including dividend income and capital gains 15% income under section 111A, 112 and 112A of the Act)

(c) Above Rs 2 crores upto Rs 5 crores [ excluding dividend income (dividend 25% received from domestic companies only) and capital gains income under section 111A, 112 and 112A of the Act]

(d) Above Rs 5 crores [excluding dividend income (dividend received from 37%* domestic companies only) and capital gains income under section 111A, 112 and 112A of the Act) 47 Axis Multi-Asset Active FoF(e) Above Rs 2 crores [including dividend income (dividend received from 15% domestic companies only) and capital gains income under section 111A, 112 and 112A of the Act)] but not covered in point (c) and (d) above *Surcharge rate shall not exceed 25% in case of individual and HUF paying tax under section 115BAC of the Act.

4. Surcharge rates for Companies Total Income Rate of Surcharge for Rate of Surcharge for Domestic companies* Foreign Companies Above Rs 1 crore upto Rs 10 7% 2% crores Above Rs 10 crores 12% 5% *Surcharge rate shall be 10% in case resident companies opting taxation under section 115BAA and

section 115BAB on any income earned.

In case of firm with total income exceeding Rs.1 crore, surcharge rate shall be 12%.

5. Health and Education cess @ 4% on aggregate of base tax and surcharge.

6. Withholding of Taxation by Mutual Fund will be as per applicable withholding tax rate.

7. All the above non-resident investors may also claim the tax treaty benefits available, if any.

B. Taxation of Specified Mutual Fund other than Equity-Oriented Mutual Funds (Rates applicable for the Financial Year 2025-26) Taxability in the hands of Individuals / Non-corporates / Corporates Particulars Resident Non-Resident Tax on distributed income Taxed in the hands of unitholders Taxed in the hands of unitholders (dividend income) at applicable rate under the at the rate of 20% u/s 115A/ provisions of the Income-tax Act, 115AD of the Act (plus 1961 (Act) applicable surcharge and health and education cess) Acquired before 1 April 2023 Long term capital gains Listed units 12.5% (plus applicable surcharge 12.5% (plus applicable surcharge (Holding period > 12 months) and health and education cess) and health and education cess) without indexation benefit without foreign currency benefit and indexation benefit Unlisted units 12.5% (plus applicable surcharge 12.5% (plus applicable surcharge (Holding period > 24 months) and health and education cess) and health and education cess) without indexation benefit without foreign currency benefit and indexation benefit Short term capital gains Will be taxed at the applicable Will be taxed at the applicable 48 Axis Multi-Asset Active FoFListed (Holding period <= 12 rates depending upon the slab of rates depending upon the slab of months)/ each individual each individual Unlisted units (Holding period <= (plus applicable surcharge and (plus applicable surcharge and 24 months) health and education cess) health and education cess) Acquired on or after 1 April 2023 Capital Gains on Specified Will be taxed at the applicable Will be taxed at the applicable Mutual Funds irrespective of rates depending upon the slab of rates depending upon the slab of period of holding each individual each individual (Refer Note 2) (plus applicable surcharge and (plus applicable surcharge and health and education cess) health and education cess) Note –

1. Axis Mutual Fund is a Mutual Fund registered with the Securities & Exchange Board of India and hence the entire income of the Mutual Fund will be exempt from income tax in accordance with the provisions of section 10(23D) of the Act.

Finance Act (No.2) 2024 has amended the definition of ‘specified mutual fund’ under section 50AA of the Act with effect from financial year 2025-26 to mean:

(i) a mutual fund scheme which invest more than sixty five percent of its total proceeds in debt and money market instruments; or

(ii) a fund which invests sixty-five per cent or more of its total proceeds in units of fund referred above.

Provided that the percentage of investment in debt and money market instruments or in units of a fund, as the case may be, in respect of the Specified Mutual Fund, shall be computed with reference to the annual average of the daily closing figures.

The aforesaid definition will be applicable to units which will be sold from 1 April 2025.

2. Applicable rates for individual, corporates and non-corporates are as under:

Particulars Income slab Rate of tax Individual/ Hindu Undivided Where total income for a tax year Nil Family (HUF)/ AOP/ BOI# (April to March) is less than or equal to Rs 2,50,000* (the basic exemption limit) Where such total income is more 5% of the amount by which the than Rs 2,50,000* but is less than or total income exceeds equal to Rs 5,00,000 Rs 2,50,000* Where such total income is more Rs 12,500 plus 20% of the amount than Rs 5,00,000* but is less than or by which the total income equal to Rs 10,00,000 exceeds Rs 5,00,000* Where such total income is more Rs 1,12,500 plus 30% of the than Rs 10,00,000 amount by which the total income exceeds Rs 10,00,000 Co-operative society Where total income for a tax year 10% of the total income (April to March) is less than or equal to Rs 10,000 49 Axis Multi-Asset Active FoFWhere such total income is more Rs 1,000 plus 20% of the amount than Rs 10,000 but is less than or by which the total income equal to Rs 20,000 exceeds Rs 10,000 Where the total income exceeds Rs 3,000 plus 30% of the amount Rs 20,000 by which the total income exceeds Rs 20,000 Co-operative society availing 22% concessional tax rate benefit (subject to prescribed conditions) under section 115BAD of the Act Co-operative society availing 15% concessional tax rate benefit (subject to prescribed conditions) under section 115BAE of the Act Domestic Corporate (where the 30% total turnover or gross receipts of such company for financial year 2023-24 exceeds Rs 400 crores)/ Partnership firm/ LLP/ Local authority/ FPIs Domestic company, where the 25% total turnover or gross receipts of such company for financial year 2023-24 does not exceed Rs 400 crores Domestic company availing 22% concessional tax rate benefit (subject to prescribed conditions) under section 115BAA of the Act Domestic company engaged 15% solely in the business of manufacture/ production and availing concessional tax rate benefit (subject to prescribed conditions) under section 115BAB of the Act AOP/ BOI 30% or such higher rate of tax applicable to the individual members of the AOP/ BOI Foreign Corporates 35% FPIs 30% *In case of resident individuals of age 60 years or more, but less than 80 years, the basic exemption limit is Rs 3,00,000. Income between Rs 3,00,000 and Rs 500,000 will be taxable at the rate of 5%.

In case of resident individuals of age 80 years or more, the basic exemption limit is Rs 5.00,000. Income exceeding Rs 5,00,000 but less than or equal to Rs 10,00,000 will be taxable at the rate of 20%.

#Section 115BAC of the Act provides individuals and HUFs to pay tax in respect of their total income at the following rates (default regime):

Income slab Tax rate Where total income for a tax year (April to March) is less Nil than or equal to Rs 4,00,000 (the basic exemption limit) Where such total income is more than Rs 4,00,000 but is less 5% of the amount by which the total 50 Axis Multi-Asset Active FoFthan or equal to Rs 8,00,000 income exceeds Rs 4,00,000 Where such total income is more than Rs 8,00,000 but is less Rs 20,000 plus 10% of the amount by which than or equal to Rs 12,00,000 the total income exceeds Rs 8,00,000 Where such total income is more than Rs 12,00,000 but is Rs 60,000 plus 15% of the amount by which less than or equal to Rs 16,00,000 the total income exceeds Rs 12,00,000 Where such total income is more than Rs 16,00,000 but is Rs 1,20,000 plus 20% of the amount by less than or equal to Rs 20,00,000 which the total income exceeds Rs 16,00,000 Where such total income is more than Rs 20,00,000 but is Rs 2,00,000 plus 25% of the amount by less than or equal to Rs 24,00,000 which the total income exceeds Rs 20,00,000 Where such total income is more than Rs 24,00,000 Rs 3,00,000 plus 30% of the amount by which the total income exceeds Rs 24,00,000 Further, Finance Bill 2025 has proposed to enhance the threshold of total income for claiming the rebate under concessional tax regime (i.e. default regime) in case of resident individual from Rs 7,00,000 to Rs 12,00,000 and increased the limit of rebate from Rs 25,000 to Rs 60,000. However, the said rebate is not available on incomes chargeable to tax at special rates (for eg. capital gains under section 111A, 112 etc.).

3. Surcharge at the following rate to be levied in case of individual / HUF/ non-corporate non-firm unit

holders:

Individual/ HUF / non- Income corporate non- firm unit holders

(a) Above Rs 50 lakh upto Rs 1 crore (including dividend income and 10% capital gains income under section 111A, 112 and 112A of the Act)

(b) Above Rs 1 crore upto Rs 2 crores (including dividend income and 15% capital gains income under section 111A, 112 and 112A of the Act)

(c) Above Rs 2 crores upto Rs 5 crores [ excluding dividend income 25% (dividend received from domestic companies only) and capital gains income under section 111A, 112 and 112A of the Act]

(d) Above Rs 5 crores [excluding dividend income (dividend 37%* received from domestic companies only) and capital gains income under section 111A, 112 and 112A of the Act)

(e) Above Rs 2 crores [including dividend income (dividend received 15% from domestic companies only) and capital gains income under

section 111A, 112 and 112A of the Act)] but not covered in point (c) and (d) above *Surcharge rate shall not exceed 25% in case of individual and HUF opting for new tax regime under section 115BAC of the Act.

4. Surcharge rates for Companies Total Income Rate of Surcharge for Rate of Surcharge for Domestic companies* Foreign Companies Above Rs 1 crore upto Rs 10 7% 2% crores Above Rs 10 crores 12% 5% *Surcharge rate shall be 10% in case resident companies opting taxation under section 115BAA and section 115BAB on any income earned.

51 Axis Multi-Asset Active FoFIn case of firm with total income exceeding Rs.1 crore, surcharge rate shall be 12%.

5. Health and Education cess @ 4% on aggregate of base tax and surcharge.

6. Assuming investor falls into highest tax bracket.

7. Withholding of Taxation by Mutual Fund will as per applicable withholding tax rate.

8. All the above non-resident investors may also claim the tax treaty benefits available, if any.

For further details on taxation please refer to the clause on Taxation in the SAI.

G. Rights of Unitholders- Please refer to SAI for details.

H. List of official points of acceptance: For Details of official points of acceptance, please refer our

website: https://www.axismf.com/statutory-disclosures I. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations for Which Action May Have Been Taken or Is In The Process Of Being Taken By Any Regulatory Authority SO - 49 For details, please refer our website: https://www.axismf.com/statutory-disclosures The Scheme under this Scheme Information Document was approved by the Trustee Company on April 17,

2025. The Trustee has ensured that the Scheme is a new product offered by Axis Mutual Fund and is not a minor modification of its existing schemes.

Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.

SO -64 For and on behalf of Axis Asset Management Company Sd/- Gop Kumar Bhaskaran Managing Director & Chief Executive Officer

Date: _______________ Axis Asset Management Company Limited (Investment Manager to Axis Mutual Fund), One Lodha Place, 22nd & 23rd Floor, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, Pin Code – 400013, India.

TEL (022) 6311 1001 and contact number 8108622211(Chargeable) EMAIL customerservice@axismf.com WEB www.axismf.com Axis Bank Limited the Sponsor, is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

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

52 Axis Multi-Asset Active FoF