Axis Asset Management Company Limited (Investment Manager)
KEY INFORMATION MEMORANDUM AND APPLICATION FORM
This document is dated: October 29, 2021
Name of scheme AXIS RETIREMENT SAVINGS FUND (An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age
(whichever is earlier))
Investment Objective The investment objective of the Investment Plan(s) under the Scheme is to provide long-term capital appreciation / income by investing in a mix of
equity, debt and other instruments to help investors meet their retirement goals.
However, there can be no assurance that the investment objective of the Scheme will be achieved.
Investment objectives of Investment Plans under the Scheme are as given below:
Investment Plan(s)
Axis Retirement Savings Fund - Aggressive Plan
To generate capital appreciation by predominantly investing in equity and equity related instruments.
The Investment Plan may also invest in debt and money market instruments, units of Gold ETF or units of REITs & InvITs for income generation /
wealth creation.
Axis Retirement Savings Fund - Dynamic Plan
The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as
generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset
allocation.
The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Axis Retirement Savings Fund - Conservative Plan
To generate regular income through investments predominantly in debt and money market instruments and to generate long term capital
appreciation by investing certain portion of the portfolio in equity and equity related securities.
The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Each of the Investment Plan(s) will be managed as separate portfolios.
Liquidity The Scheme offers Units for Subscription and Redemption at NAV based prices on all Business Days (subject to completion of lock-in period) on
an ongoing basis, commencing not later than 5 business days from the date of allotment. Under normal circumstances the AMC shall dispatch the
redemption proceeds within 10 business days from date of receipt of request from the Unit holder.
However, in case of compulsory lock-in option, units will be locked till the retirement age or 5 years from the date of allotment, whichever is
earlier.
Lock-in Period Units purchased cannot be assigned/transferred/pledged/redeemed/switched-out until completion of 5 years from the date of allotment of
Units of the Investment Plan(s) under the Scheme or till retirement age of Unit holder (i.e. completion of 58 years), whichever is earlier. However,
investors applying/holding units in physical form can switch-in within the Investment Plan(s) under the Scheme during the lock-in period. For the
purpose of calculation of lock-in period in such cases, the date of initial/first investment in Axis Retirement Savings Fund will be considered and
not the date of switch from one Investment Plan to another Investment Plan.
This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/ Mutual
Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. investors should, before investment,
refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the
website www.axismf.com.
The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with
Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the
accuracy or adequacy of this KIM.
AXIS RETIREMENT SAVINGS FUND
(An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
This product is suitable for investors who are
seeking*:
• Capital appreciation over long term.
• Investments primarily in equity and equity
related instruments.
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
Benchmark RiskometerProduct Riskometer
Product Labelling
Fund Name & Benchmark
Axis Retirement Savings Fund -
Aggressive Plan
Benchmark: NIFTY 50 HYBRID COMPOSITE
DEBT 70:30 INDEX
NIFTY 50 HYBRID COMPOSITE
DEBT 70:30 INDEX
This product is suitable for investors who are
seeking*:
• Capital appreciation and income generation
over long term.
• Investment in equity and equity related
instruments as well as debt and money market
instruments while managing risk through active
asset allocation.
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
Axis Retirement Savings Fund -
Dynamic Plan
Benchmark: NIFTY 50 HYBRID COMPOSITE
DEBT 65:35 INDEX
NIFTY 50 HYBRID COMPOSITE
DEBT 65:35 INDEX
This product is suitable for investors who are
seeking*:
• Capital appreciation & income generation over
long term.
• Investments in debt and money market
instruments as well as equity and equity related
instruments.
*Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
Axis Retirement Savings Fund -
Conservative Plan
Benchmark: NIFTY 50 HYBRID SHORT
DURATION DEBT 25:75 INDEX
NIFTY 50 HYBRID SHORT
DURATION DEBT 25:75 INDEX
High
Moderately
High
Moderate
Low to
Moderate
Low
Very High
RISKOMETER
Investors understand that their principal
will be at very high risk
High
Moderately
High
Moderate
Low to
Moderate
Low
Very High
RISKOMETER
High
Moderately
High
Moderate
Low to
Moderate
Low
Very High
RISKOMETER
Investors understand that their principal
will be at high risk
High
Moderately
High
Moderate
Low to
Moderate
Low
Very High
RISKOMETER
High
Moderately
High
Moderate
Low to
Moderate
Low
Very High
RISKOMETER
High
Moderately
High
Moderate
Low to
Moderate
Low
Very High
RISKOMETER
Investors understand that their principal
will be at very high risk
2
Investors are requested to note that on exercise of switch option between Investment Plan(s) and Plans/Options within the Investment Plan(s),
the amount which is switched-out shall be treated as redemption and shall be subject to Income-tax provisions as applicable on such redemption.
This may result in capital gain / capital loss to the investors, entailing tax consequences. For Income tax purposes, holding period shall be
calculated from the date of investment in respective Investment Plan(s) and not the date of original investment in the Scheme. Hence, investors
should consult their financial and tax advisors in this regard.
The AMC/Trustee reserves the right to change the Lock-in Period prospectively in accordance with the guidelines issued by SEBI from time to
time. The same may affect the interest of Unit holders and will tantamount to change in the fundamental attributes of the Scheme.
Asset Allocation Pattern Axis Retirement Savings Fund - Aggressive Plan
of the scheme
Under normal circumstances the asset allocation will be:
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Equity and Equity related instruments 65 80
Debt & Money Market Instruments 0 35
Gold ETF 0 10
Units issued by REITs & InvITs 0 10
Axis Retirement Savings Fund - Dynamic Plan
Under normal circumstances the asset allocation will be:
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Equity and Equity related instruments 65 100
Debt & Money Market Instruments 0 35
Gold ETF 0 10
Units issued by REITs & InvITs 0 10
Axis Retirement Savings Fund - Conservative Plan
Under normal circumstances the asset allocation will be:
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Equity and Equity related instruments 20 40
Debt & Money Market Instruments 40 80
Gold ETF 0 10
Units issued by REITs & InvITs 0 10
Investment in derivatives instruments shall be to the extent of 50% in Aggressive Plan, 45% in Dynamic Plan and 40% in Conservative Plan of the
Net Assets of the respective Plans as permitted vide SEBI circular no. DNPD/Cir 29/2005 dated September 14, 2005, SEBI circular no.
DNPD/Cir-30/2006 dated January 20, 2006, SEBI circular no. SEBI/DNPD/Cir-31/2006 dated September 22, 2006, SEBI circular no. Cir/ IMD/
DF/ 11/ 2010 dated August 18, 2010, SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2017/13 dated February 20, 2017, SEBI circular no.
SEBI/HO/IMD /DF2/CIR/P/2017/109 dated September 27, 2017 and SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2019/17 dated January 16,
2019. The Scheme may also use fixed income derivative instruments subject to the guidelines as maybe issued by SEBI and RBI and for such
purposes as maybe permitted from time to time. The Scheme may also use fixed income derivative instruments subject to the guidelines as
maybe issued by SEBI and RBI and for such purposes as maybe permitted from time to time. Derivative instruments include Interest Rate Swaps,
Interest Rate Forwards, Interest Rate Futures, Forward Rate Agreements, stock options, Index options, Stock & Index futures/stock futures and
any such other derivative instruments permitted by SEBI/RBI from time to time.
The cumulative gross exposure through equity, debt, units issued by Gold ETFs, units issued by REITs & InvITs and derivative position should not
exceed 100% of the net assets of the Scheme in accordance with SEBI circular no. Cir/MD/DF/11/2010 dated August 18, 2010. Further, in
accordance with SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2017/109 dated September 27, 2017 imperfect hedging using interest rate
futures may be considered to be exempted from the gross exposure, upto maximum of 20% of the net assets of the Scheme subject to conditions
specified in the circular.
Securitized debt
Investment in Securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 35% of the net assets of the Scheme.
Investment in Foreign Securities
The Scheme may seek investment opportunities in foreign securities including ADRs / GDRs / Foreign equity and debt securities subject to SEBI
(MF) Regulations. Such Investment shall not exceed 10% of the net assets of the Scheme.
Repo in Corporate debt securities
The Scheme may undertake repo transactions in corporate debt securities in accordance with the directions issued by RBI and SEBI from time to
time. Such investment shall be made subject to the guidelines which may be prescribed by the Board of Directors of the Asset Management
Company and Trustee Company.
Stock Lending by the Fund
The Scheme shall adhere to the following limits should it engage in Stock Lending:
1. Not more than 25% of the net assets of the Scheme can generally be deployed in Stock Lending.
2. Not more than 5% of the net assets of the Scheme can generally be deployed in Stock Lending to any single counter party (as may be
applicable).
Short Selling by the Fund
The Scheme may engage in short selling of securities in accordance with the framework relating to short selling and securities lending and
borrowing specified by SEBI.
Other Limits
The investment by the Scheme in the following instruments shall not exceed 10% of the debt portfolio of the scheme and the group exposure in
such instruments shall not exceed 5% of the debt portfolio of the scheme:
a. Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) is below investment grade and
b. Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment grade.
These limits shall not be applicable on investments in securitized debt instruments, as defined in SEBI (Public Offer and Listing of Securitized
Debt Instruments) Regulations 2008.
Investment in Short Term Deposits
Pending deployment of the funds in securities in terms of investment objective of the Scheme, the AMC may park the funds of the Scheme in
short term deposits of the Scheduled Commercial Banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, as may be
amended from time to time.
The Scheme shall not invest in Credit Default Swaps.
The Scheme retains the flexibility to invest across all the securities in the equity, debt, Money Markets Instruments, units of Gold ETF, Units
issued by REITs & InvITs and mutual fund units.
3
Differentiation with The scheme is not a minor modification of any other existing scheme/product of the Fund.
existing solvation oriented Differentiation is as follows:
schemes of Axis Mutual
Fund are as follows (data
as on September 30, 2021
Axis Children’s Gift Fund
Asset Allocation (Under normal circumstances)
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Debt* and money market instruments# 25 60
Equity and Equity related instruments# 40 75
Units issued by REITs & InvITs 0 10
Primary Investment Objective: To generate income by investing in debt & money market instruments along with long-term capital appreciation
through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment objective of the
Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Investment Strategy: The scheme intends to generate income by investing in debt & money market instruments along with long-term capital
appreciation through investments in equity & equity related instruments. However, there is no assurance or guarantee that the investment
objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Fixed Income Strategy: The Scheme proposes to invest in a diversified portfolio of high quality debt and money market instruments to generate
regular income. The fund manager will allocate the assets of the scheme taking into consideration the prevailing interest rate scenario & the
liquidity of the different instruments.
Equity related Strategy: The equity allocation will be managed actively. The focus would be to build a diversified portfolio of strong growth
companies, reflecting our most attractive investment ideas, at all points of time.
The portfolios will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a
fundamental perspective. The AMC employs a "Fair value" based research process to analyse the appreciation potential of each stock in its
universe (Fair value is a measure of the intrinsic worth of a company). the universe of stocks is carefully selected to include companies having a
robust business models and enjoying sustainable competitive advantages as compared to their competitors. The Fund will have the flexibility to
invest across the market capitalisation spectrum.
Cash-Futures Arbitrage: The fund would look for market opportunities between the spot and the futures market. The cash-futures arbitrage
strategy can be employed when the price of the futures exceeds the price of the underlying stock. The fund would first buy the stocks in cash
market and then sell in the futures market to lock the spread known as arbitrage return.
Buying the stock in cash market and selling the futures results into a hedge where the fund have locked in a spread and is not affected by the price
movement of cash market and futures market The arbitrage position can be continued till expiry of the future contracts. The future contracts are
settled based on the last half an hour‘s weighted average trade of the cash market. Thus there is a convergence between the cash market and the
futures market on expiry. This convergence helps the fund to generate the arbitrage return locked in earlier. However, the position could even
be closed earlier in case the price differential is realized before expiry or better opportunities are available in other stocks. The strategy is
attractive if this price differential (post all costs) is higher than the investor‘s cost-of capital.
The fund may also enter into reverse arbitrage strategies, i.e., if futures were quoting at a discount, futures would be bought and shares would be
sold to lock in an arbitrage profit.
Differentiation: An open ended fund, for investment for children, having a lock-in of 5 years or till the child attains age of majority (whichever is
earlier)
AUM (` in crores): 702.82; No. of Folios: 40,676
Axis Retirement Savings Fund
Axis Retirement Savings Fund - Aggressive Plan
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Equity and Equity related instruments 65 80
Debt & Money Market Instruments 0 35
Gold ETF 0 10
Units issued by REITs & InvITs 0 10
Axis Retirement Savings Fund - Dynamic Plan
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Equity and Equity related instruments 65 100
Debt & Money Market Instruments 0 35
Gold ETF 0 10
Units issued by REITs & InvITs 0 10
Axis Retirement Savings Fund - Conservative Plan
Instruments Indicative Allocation (% of net assets)
Minimum Maximum
Equity and Equity related instruments 20 40
Debt & Money Market Instruments 40 80
Gold ETF 0 10
Units issued by REITs & InvITs 0 10
Primary Investment Objective: The investment objective of the Investment Plan(s) under the Scheme is to provide long-term capital
appreciation / income by investing in a mix of equity, debt and other instruments to help investors meet their retirement goals.
However, there can be no assurance that the investment objective of the Scheme will be achieved.
Investment objectives of Investment Plans under the Scheme are as given below:
Investment Plan(s)
Axis Retirement Savings Fund - Aggressive Plan
To generate capital appreciation by predominantly investing in equity and equity related instruments.
The Investment Plan may also invest in debt and money market instruments, units of Gold ETF or units of REITs & InvITs for income generation /
wealth creation.
Axis Retirement Savings Fund - Dynamic Plan
The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as
generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset
allocation.
4
The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Axis Retirement Savings Fund - Conservative Plan
To generate regular income through investments predominantly in debt and money market instruments and to generate long term capital
appreciation by investing certain portion of the portfolio in equity and equity related securities.
The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.
Each of the Investment Plan(s) will be managed as separate portfolios.
Investment Strategy (Brief)
Axis Retirement Savings Fund - Aggressive Plan
The Investment Plan aims to generate long term capital appreciation by investing primarily in equity and equity related securities, along with
regular income through investments in debt and money market instruments. Within equities and fixed income, the portfolio would be actively
managed to optimize returns within the respective asset class. Investment Plan may also invest in other asset classes like units of Gold ETFs or
units REITs & InvITs.
Axis Retirement Savings Fund - Dynamic Plan
The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as
generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset
allocation. In order to achieve this process, the scheme will follow a top-down and bottom-up strategy. The top-down process will lead to the
active ongoing asset allocation decision between equity and debt and the bottom up process would lead to construction of the portfolio using
specific securities.
The AMC has built a proprietary in-house quantitative model to determine the top-down dynamic asset allocation for the fund. The AMC has
built a proprietary in-house quantitative approach to guide the asset allocation decision. The quantitative approach looks at equity markets
across three parameters – momentum, volatility and valuations – to decide the appropriate allocation to the same. The allocation to debt is the
residual number that is arrived at after deciding the equity allocation. The asset allocation decision is reviewed on an ongoing basis and is
dynamically linked to movements in market variables.
Axis Retirement Savings Fund - Conservative Plan
The Investment Plan seeks to generate regular income through investments in debt and money market instruments, along with capital
appreciation through equity and equity related instruments. Within equities and fixed income, the portfolio would be actively managed to
optimize returns within the respective asset class. The Investment Plan may also invest in other asset classes like units of Gold ETFs or units of
REITs & InvITs.
Differentiation: An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier).
Axis Retirement Savings Fund - Conservative Plan : AUM (` in crores): 107.44; No. of Folios: 3,121
Axis Retirement Savings Fund - Aggressive Plan: AUM (` in crores): 673.78; No. of Folios: 24,771
Axis Retirement Savings Fund - Dynamic Plan : AUM (` in crores): 300.07; No. of Folios: 9,337
Investment Strategy Subject to the Asset Allocation pattern, the investment strategies of the Scheme shall be as under:
of the Scheme
Axis Retirement Savings Fund - Aggressive Plan
The Investment Plan aims to generate long term capital appreciation by investing primarily in equity and equity related securities, along with
regular income through investments in debt and money market instruments. Within equities and fixed income, the portfolio would be actively
managed to optimize returns within the respective asset class. Investment Plan may also invest in other asset classes like units of Gold ETFs or
units REITs & InvITs.
Axis Retirement Savings Fund - Dynamic Plan
The Investment Plan has a dual objective of generating capital appreciation by investing in equity and equity related securities as well as
generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset
allocation. In order to achieve this process, the scheme will follow a top-down and bottom-up strategy. The top-down process will lead to the
active ongoing asset allocation decision between equity and debt and the bottom up process would lead to construction of the portfolio using
specific securities.
The AMC has built a proprietary in-house quantitative model to determine the top-down dynamic asset allocation for the fund. The AMC has
built a proprietary in-house quantitative approach to guide the asset allocation decision. The quantitative approach looks at equity markets
across three parameters – momentum, volatility and valuations – to decide the appropriate allocation to the same. The allocation to debt is the
residual number that is arrived at after deciding the equity allocation. The asset allocation decision is reviewed on an ongoing basis and is
dynamically linked to movements in market variables.
Explanation of the dynamic asset allocation process
The AMC has built a proprietary in-house quantitative approach for dynamic asset allocation. The quantitative approach looks at equity
markets across the following 3 parameters to decide the appropriate allocation to equity:
1) Valuation
2) Volatility
3) Trend
The allocation to debt is the residual number that is arrived at after deciding the equity allocation. The asset allocation decision is reviewed on an
ongoing basis and is dynamically linked to movements in market variables.
Specifics of the model
1) Valuation is represented by the trailing PE of Nifty 50
2) Volatility is represented by the 30 day standard deviation of Nifty 50
Hi : >17%
Low : <= 17%
3) Trend is represented by 2 variables – i) difference between the 90 day and 15 day moving average of the Nifty 50, and ii) rate of change
of the 90 day moving average of the Nifty 50
Assume: R = rate of change of the 90 day moving average
15DMA = 15 day moving average of the Nifty 50
90DMA = 90 day moving average of the Nifty 50
Hi : 15DMA > 90DMA and R > 0%
Mid : 15DMA > 90DMA and R <= 0% OR 15DMA <= 90DMA and R >1%
Low : 15DMA <= 90DMA and R <= 1%
The model is run on a 40 trading-day basis and all the parameters are considered for finalizing the equity allocation. Once the allocation is
fixed, it is not changed for 40-trading days till the model is run again.
5
Equity Allocations recommended by the model
The gross equity exposure will be maintained between 65% to 100% while the net equity exposure is to be maintained between 30% to
100%. The difference between these exposure will be carried out using derivatives. The model has a matrix approach for considering the
allocation across the different variables as follows:
Volatility Trend PE<15 PE 15-18 PE 18-21 PE 21-24 PE>24
Low Hi 90-100% 90-100% 75-100% 50-75% 30-50%
Mid 90-100% 65-85% 40-60% 30-35% 30-35%
Low 50-85% 30-60% 30-35% 30-35% 30-35%
Hi Hi 90-100% 75-100% 50-75% 30-50% 30-35%
Mid 80-95% 55-70% 30-45% 30-35% 30-35%
Low 50-75% 30-50% 30-35% 30-35% 30-35%
Fixed Income Allocations recommended by the model
The exposure to debt & money market instruments including cash & cash equivalent will be maintained between 0% to 35%. The model has a
matrix approach for considering the allocation across the different variables as follows:
Volatility Trend PE<15 PE 15-18 PE 18-21 PE 21-24 PE>24
Low Hi 0-10% 0-10% 0-25% 0-35% 0-35%
Mid 0-10% 0-35% 0-35% 0-35% 0-35%
Low 0-35% 0-35% 0-35% 0-35% 0-35%
Hi Hi 0-10% 0-25% 0-35% 0-35% 0-35%
Mid 0-20% 0-35% 0-35% 0-35% 0-35%
Low 0-35% 0-35% 0-35% 0-35% 0-35%
Once the allocation has been decided, the equity and fixed income portfolios will be constructed on a bottom-up basis.
Illustration with some of the possible scenarios is as given below:
Scenario 1:
Assuming, Volatility is “low”, Trend is “Mid” and Trailing PE of Nifty 50 Index is in the range of 18-21, then as per our quantitative model (matrix
given above), the net equity allocation comes out to be in the range of 40-60%.
The net exposure can be achieved with a combination of gross exposure and hedges. For example to achieve a 50% net exposure, the scheme can
run a 70% exposure in gross equity while maintaining a 20% hedge. The extent of hedging and the instrument to be used is based on market
conditions and cost of the hedge.
Scenario 2:
Assuming, Volatility is “Hi’, Trend is “Hi” and Trailing PE of Nifty 50 Index is in the range of 15-18, then as per our quantitative model (matrix
given above), the net equity allocation comes out to be in the range of 75-100%.
The higher net exposure can be achieved with a combination of gross exposure and hedges. For example to achieve a 75% net exposure, the
scheme can run a 80% exposure in gross equity while maintaining a 5% hedge. Alternatively, the same can be achieved by maintaining 75% gross
exposure and not having any hedges. The extent of hedging and the instrument to be used is based on market conditions and cost of the hedge.
Equity and Equity Related Instruments:
The equity allocation will be based on the outcome of the allocation model given above. Once, the allocation is fixed, then the focus would be to
build a diversified portfolio of strong growth companies, reflecting our most attractive investment ideas, at all points of time. The portfolio will
be built utilizing a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective.
The AMC employs a "Fair value" based research process to analyse the appreciation potential of each stock in its universe (Fair value is a
measure of the intrinsic worth of a company). The universe of stocks is carefully selected to include companies having a robust business models
and enjoying sustainable competitive advantages as compared to their competitors. The Fund will have the flexibility to invest across the
market capitalization spectrum. The Fund by utilizing a holistic risk management strategy will endeavor to manage risks associated with
investing in equity markets.
The Fund has identified the following risks and designed risk management strategies, which are embedded in the investment process to manage
these risks
i. Quality Risk - Risk of investing in unsustainable / weak companies.
ii. Price Risk - Risk of overpaying for a company
iii. Liquidity Risk - High Impact cost of entry and exit
iv. Volatility Risk - Volatility in price due to company or portfolio specific factors
v. Event Risk - Price risk due to a company / sector specific or market event
Fixed Income:
The Scheme proposes to invest in a diversified portfolio of high quality debt and money market instruments to generate regular income. The
fund manager will allocate the assets of the scheme taking into consideration the prevailing interest rate scenario & the liquidity of the different
instruments. The portfolio duration and credit exposures will be decided based on a thorough research of the general macroeconomic
condition, political and fiscal environment, systemic liquidity, inflationary expectations, corporate performance and other economic
considerations. The fund manager will keep in mind the yield structure of different asset classes (e.g. the sovereign yield curve and the corporate
bond yield curve) as well as the kinks within a particular yield curve ( e.g. the different points of the sovereign yield curve) while making
investment decisions.
Equity Derivatives
The gross equity exposure will be maintained between 65% to 100% while the net equity exposure is to be maintained between 30% to 100%.
The difference between these exposure will be carried out using derivatives and fixed income securities including money market instruments
will be in the range of 0% to 35%.
The scheme will vary its investment in equity and equity related instruments depending upon the quantitative model.
Cash-Futures Arbitrage:
The fund would look for market opportunities between the spot and the futures market. The cash futures arbitrage strategy can be employed
when the price of the futures exceeds the price of the underlying stock. The fund would first buy the stocks in cash market and then sell in the
futures market to lock the spread known as arbitrage return. Buying the stock in cash market and selling the futures results into a hedge where
the fund have locked in a spread and is not affected by the price movement of cash market and futures market. The arbitrage position can be
continued till expiry of the future contracts. The future contracts are settled based on the last half an hour‘s weighted average trade of the cash
market. Thus there is a convergence between the cash market and the futures market on expiry. This convergence helps the fund to generate
the arbitrage return locked in earlier. However, the position could even be closed earlier in case the price differential is realized before expiry or
better opportunities are available in other stocks.
Axis Retirement Savings Fund - Conservative Plan
The Investment Plan seeks to generate regular income through investments in debt and money market instruments, along with capital
appreciation through equity and equity related instruments. Within equities and fixed income, the portfolio would be actively managed to
optimize returns within the respective asset class. The Investment Plan may also invest in other asset classes like units of Gold ETFs or units of
REITs & InvITs.
6
Risk Profile of the Scheme Mutual Fund units involve investment risks including the possible loss of principal.
Scheme specific Risk Factors are summarized below:
The scheme carries risks associated with investing in equities, fixed income securities, debt and money market securities, securitized debt,
derivatives, repo transactions in Corporate Bonds, Gold ETF, REITs, InvITs, foreign securities, short selling and securities lending etc.
Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading
volume may restrict liquidity. The AMC may choose to invest in unlisted securities which may increase the risk on the portfolio. Also, the value of
the Scheme investments may be affected by currency exchange rates, changes in law/policies of the government, taxation laws and political,
economic or other developments.
Investments in debt and money market instruments are subject to interest rate risk, re-investment risk, basis risk, credit risk, spread risk,
prepayment risk, etc.
Please refer to the SID for further details.
Risk Management 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.
Plans and Options The Scheme offers the following Plans:
1) Axis Retirement Savings Fund - Aggressive Plan
2) Axis Retirement Savings Fund - Dynamic Plan
3) Axis Retirement Savings Fund - Conservative Plan
Each Plan offers Regular Plan and Direct Plan.
Regular Plan
Regular Plan is available for all type of investors investing 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.
Options under each Plans
- Growth
- Income Distribution cum Capital Withdrawal (IDCW) Option* (IDCW Payout)
*The amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains.
Default Plan
The investor must clearly specify his choice of plan. Investors subscribing under Direct Plan of a Scheme will have to indicate “Direct Plan”
against the Scheme name in the application form e.g. “Axis Retirement Savings Fund – Direct Plan”. Investors should also indicate “Direct” in the
ARN column of the application form.
The investors may refer to the following table for applicability of Direct Plan/ Regular Plan under different scenario: -
Scenario Broker Code mentioned by the investor Plan mentioned by the investor Default Plan to be captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan
In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan.
The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/
distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the
date of application without any exit load.
Default Plan/Option
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 option / facility is:
Default Plan: Dynamic Plan
Default Option: Growth
Applicable NAV Subscriptions/ Purchases including Switch- ins:
The following cut-off timings shall be observed by the Mutual Fund in respect of purchase of units of the Scheme and the following NAVs shall be
applied for such purchase:
1. Where the application is received upto 3.00 pm on a Business day and funds are available for utilization before the cut-off time – the
closing NAV of the Business day shall be applicable;
2. Where the application is received after 3.00 pm on a Business day and funds are available for utilization on the same day or before the cut-
off time of the next Business Day - the closing NAV of the next Business Day shall be applicable;
3. Irrespective of the time of receipt of application, where the funds are not available for utilization before the cut-off time - the closing NAV
of Business day 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
cutoff 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.
Redemptions including Switch – outs
1. Where the application received upto 3.00 pm - closing NAV of the day of receipt of application.
2. Where the application received after 3.00 pm - closing NAV of the next Business Day
Minimum Application Purchase Additional Purchase Repurchase
Amount/Number of Units
5,000 and in multiples of 1/- thereafter 1,000 and in multiples of 1/- thereafter There will be no minimum
redemption criteria.
For details on investments through SIP/STP facilities, please refer to the SID.
` ` ` `
7
Despatch of Repurchase The redemption proceeds shall be dispatched to the unit holders within 10 working days from the receipt of the redemption
(Redemption) Request request at the Authorised Center of Axis Mutual Fund.
Benchmark Index Plan Name Benchmark
Axis Retirement Savings Fund - Aggressive Plan NIFTY 50 Hybrid Composite Debt 70:30 Index
Axis Retirement Savings Fund - Dynamic Plan NIFTY 50 Hybrid Composite Debt 65:35 Index
Axis Retirement Savings Fund - Conservative Plan NIFTY 50 Hybrid Short Duration Debt 25:75 Index
Dividend (IDCW) policy The Trustee will have the discretion to declare the IDCW, subject to availability of distributable surplus calculated in accordance with the SEBI
(Mutual Funds) Regulations 1996 ('SEBI (MF) 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.
Name of the Mr. Jinesh Gopani, Mr. R. Sivakumar and Mr. Hitesh Das (Tenure of managing the Scheme as Fund Manager - 1 year)
Fund Manager
Name of the Trustee Axis Mutual Fund Trustee Limited
Company
Performance of the
scheme (as on
September 30, 2021)
Axis Retirement
Savings Fund -
Aggressive Plan -
Regular Plan ^
NIFTY 50 Hybrid
Composite Debt
70:30 Index
(Benchmark)
Period Period
Absolute returns for the past 2 financial years.
Returns Since Inception
20th December 2019
Absolute returns for the past 2 financial years.
Returns Since Inception
20th December 2019
Axis Retirement Savings Fund
- Aggressive Plan - Regular Plan
NIFTY 50 Hybrid Composite
Debt 70:30 Index (Benchmark)
Returns
22.48% 20.47%20.36% 20.47%
Axis Retirement
Savings Fund -
Aggressive Plan -
Direct Plan ^
NIFTY 50 Hybrid
Composite Debt
70:30 Index
(Benchmark)
Axis Retirement Savings Fund
- Aggressive Plan - Direct Plan
NIFTY 50 Hybrid Composite
Debt 70:30 Index (Benchmark)
Returns
Axis Retirement
Savings Fund -
Conservative Plan -
Regular Plan ^
NIFTY 50 Hybrid
Short Duration Debt
25:75 Index
(Benchmark)
Period Period
Absolute returns for the past 2 financial years.
Returns Since Inception
20th December 2019
Absolute returns for the past 2 financial years.
Returns Since Inception
20th December 2019
Axis Retirement Savings Fund -
Conservative Plan - Regular Plan
NIFTY 50 Hybrid Short Duration
Debt 25:75 Index (Benchmark)
Returns
15.75% 12.46%13.72% 12.46%
Axis Retirement
Savings Fund -
Conservative Plan -
Direct Plan ^
Axis Retirement Savings Fund -
Conservative Plan - Direct Plan
NIFTY 50 Hybrid Short Duration
Debt 25:75 Index (Benchmark)
Returns
NIFTY 50 Hybrid
Short Duration Debt
25:75 Index
(Benchmark)
Axis Retirement
Savings Fund -
Dynamic Plan -
Regular Plan ^
NIFTY 50 Hybrid
Composite Debt
65:35 Index
(Benchmark)
Period Period
Absolute returns for the past 2 financial years.
Returns Since Inception
20th December 2019
Absolute returns for the past 2 financial years.
Returns Since Inception
20th December 2019
Axis Retirement Savings Fund -
Dynamic Plan - Regular Plan
NIFTY 50 Hybrid Composite
Debt 65:35 Index (Benchmark)
Returns
23.53% 19.79%21.33% 19.79%
Axis Retirement
Savings Fund -
Dynamic Plan -
Direct Plan ^
Axis Retirement Savings Fund -
Dynamic Plan - Direct Plan
NIFTY 50 Hybrid Composite
Debt 65:35 Index (Benchmark)
Returns
NIFTY 50 Hybrid
Composite Debt
65:35 Index
(Benchmark)
^Past performance may or may not be sustained in future. Returns greater than 1 year are compounded annualized (CAGR). *Inception date till
financial year end. Calculations are based on Growth Option NAVs. Different plans have different expense structure. Plan of the scheme for
which performance is given is indicated above.
1 year
42.23%
41.19% 44.66% 41.19%
1 year
1 year
21.13% 17.44% 23.28% 17.44%
1 year
1 year
43.25% 38.45% 45.85% 38.45%
1 year
-15.50%
41.66%
-20.43%
51.53%
2019-2020*
2020-2021
-15.00%
44.00%
-20.43%
2019-2020*
2020-2021
51.53%
-4.51%
20.49%
-6.28%
22.56%
FY 19-20*
FY 20-21
-4.00%
22.62%
-6.28%
22.56%
FY 19-20*
FY 20-21
-9.40%
33.00%
-18.83%
48.18%
FY 19-20*
FY 20-21
-8.90%
35.46%
-18.83%
48.18%
FY 19-20*
FY 20-21
Portfolio holding (as on
September 30, 2021)
Name of issuer % of Net Assets
Government of India 8.17%
REC Limited 2.07%
Bank of Baroda 1.94%
National Highways Auth Of Ind 1.63%
National Bank For Agriculture and 0.76%
Rural Development
Axis Retirement Savings Fund - Aggressive Plan
Top 10 holdings - Issuer Wise (Equity Shares)
FINANCIAL SERVICES 28.7%
CONSUMER SERVICES 16.4%
GOVERNMENT OF INDIA 8.2%
CHEMICALS 7.8%
CONSUMER GOODS 7.7%
IT 6.5%
Cash & NCA 5.9%
AUTOMOBILE 4.1%
INDUSTRIAL MANUFACTURING 3.6%
PHARMA 3.6%
FERTILISERS & PESTICIDES 3.5%
POWER 2.5%
CONSTRUCTION 1.6%
Grand Total 100%
Sector Allocation % of Net Assets
Name of issuer % of Net Assets
Bank of Baroda 3.48%
Axis Retirement Savings Fund - Dynamic Plan -
Top 10 holdings - Issuer Wise (Equity Shares)
FINANCIAL SERVICES 30.1%
CONSUMER GOODS 19.5%
CONSUMER SERVICES 15.7%
CHEMICALS 9.9%
POWER 5.3%
Cash & NCA 4.9%
AUTOMOBILE 4.8%
IT 4.6%
INDUSTRIAL MANUFACTURING 3.0%
PHARMA 2.0%
OTHERS^ 0.2%
Grand Total 100%
Sector Allocation % of Net Assets
Name of issuer % of Net Assets
Government of India 9.26%
REC Limited 8.83%
Bank of Baroda 7.31%
National Bank For Agriculture and 4.76%
Rural Development
Power Finance Corporation Limited 4.17%
National Highways Auth Of Ind 3.94%
Indian Railway Finance Corporation Limited 1.96%
Axis Retirement Savings Fund - Conservative Plan -
Top 10 holdings - Issuer Wise (Equity Shares)
8
^Triparty Repos/Mutual Fund Units/Repo
Please visit www.axismf.com to obtain schemes latest fortnightly/ monthly portfolio.
FINANCIAL SERVICES 30.28%
OTHERS^ 18.36%
IT 10.91%
GOVERNMENT OF INDIA 9.26%
AUTOMOBILE 7.94%
CONSUMER GOODS 6.32%
CONSTRUCTION 6.07%
PHARMA 2.79%
METALS 1.74%
OIL & GAS 1.66%
MEDIA, ENTERTAINMENT & PUBLICATION 1.49%
TELECOM 1.39%
Cash & Cash Equivalent: 0.97%
FERTILISERS & PESTICIDES 0.67%
CONSUMER SERVICES 0.15%
Grand Total 100%
Sector Allocation % of Net Assets
Name of issuer % of Net Assets
Info Edge (India) Limited 9.09%
Pidilite Industries Limited 7.79%
Sundaram Finance Limited 7.55%
Avenue Supermarts Limited 7.34%
Bajaj Finance Limited 6.63%
Tata Consultancy Services Limited 6.48%
Kotak Mahindra Bank Limited 5.24%
Symphony Limited 4.11%
HDFC Bank Limited 3.65%
Astral Limited 3.63%
Axis Retirement Savings Fund - Aggressive Plan
Top 10 holdings - Issuer Wise (Debt)
Name of issuer % of Net Assets
Bajaj Finance Limited 10.27%
Info Edge (India) Limited 10.24%
Pidilite Industries Limited 9.93%
TTK Prestige Limited 6.91%
Avenue Supermarts Limited 5.46%
Nestle India Limited 5.34%
Torrent Power Limited 5.30%
Tata Consultancy Services Limited 4.57%
ICICI Bank Limited 4.36%
Kotak Mahindra Bank Limited 4.29%
Axis Retirement Savings Fund - Dynamic Plan -
Top 10 holdings - Issuer Wise (Debt)
Name of issuer % of Net Assets
MphasiS Limited 3.11%
TTK Prestige Limited 2.47%
ICICI Securities Limited 2.42%
HCL Technologies Limited 2.28%
Tech Mahindra Limited 2.22%
Larsen & Toubro Limited 2.13%
Colgate Palmolive (India) Limited 2.05%
Pfizer Limited 1.94%
Mahindra & Mahindra Limited 1.87%
Wipro Limited 1.84%
Axis Retirement Savings Fund - Conservative Plan -
Top 10 holdings - Issuer Wise (Debt)
Portfolio turnover ratio Axis Retirement Savings Fund - Aggressive Plan : 0.29 times (*Based on equity, equity derivatives and Fixed Income Securities transactions
(as on September 30, 2021) only. Triparty Repos/Repo/FD/Margin FD/MFU/SLB are not considered.)
Axis Retirement Savings Fund - Dynamic Plan : 0.23 times (*Based on equity, equity derivatives and Fixed Income Securities transactions
only. Triparty Repos/Repo/FD/Margin FD/MFU/SLB are not considered.)
Axis Retirement Savings Fund - Conservative Plan : 0.99 times (*Based on equity, equity derivatives and Fixed Income Securities
transactions only. Triparty Repos/Repo/FD/Margin FD/MFU/SLB are not considered.)
Expenses of the Scheme (i) Load Structure
Entry load: Not applicable
SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has decided that there shall be no entry Load for all Mutual
Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFI registered
Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by the ARN Holder.
Exit load: Nil
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.
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.
(ii) Recurring expenses
The recurring expenses under 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:
Aggressive & Dynamic Plan
On the first ` 500 crores of the daily net assets - 2.25%
On the next ` 250 crores of the daily net assets - 2.00%
On the next ` 1250 crores of the daily net assets - 1.75%
On the next ` 3000 crores of the daily net assets – 1.60%
On the next ` 5000 crores of the daily net assets – 1.50%
On the next ` 40,000 crores of the daily net assets – Total expense ratio reduction of 0.05% for every increase of ` 5,000 crores of daily net
assets or part thereof.
On the balance of the assets - 1.05%
Conservative Plan
On the first ` 500 crores of the daily net assets - 2.00%
On the next ` 250 crores of the daily net assets - 1.75%
On the next ` 1250 crores of the daily net assets - 1.50%
On the next ` 3000 crores of the daily net assets – 1.35%
On the next ` 5000 crores of the daily net assets – 1.25%
On the next ` 40,000 crores of the daily net assets – Total expense ratio reduction of 0.05% for every increase of ` 5,000 crores of daily net
assets or part thereof.
On the balance of the assets - 0.80%
The AMC will charge the Scheme such actual expenses incurred, subject to the statutory limit prescribed in the Regulations and
amendments thereto.
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 other than Direct 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.
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 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.
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. 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 retail investors 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 retail investors from such cities.
Provided further that amount incurred as expense on account of inflows from such cities shall be credited back to the scheme in
case the said inflows are 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 in terms of SEBI circular no.
SEBI/HO/IMD/DF2/CIR/P/2018/137 dated October 22, 2018 and SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2019/42 dated
March 25, 2019. For this purpose inflows of amount upto ` 2,00,000/- per transaction, by individual investors shall be considered
as inflows from “retail investor”.
b. Goods & Service Tax (GST) payable on investment and advisory service fees (‘AMC fees’) charged by Axis Asset Management
Company Limited (‘Axis AMC)’;
Further, brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of
investment shall not exceed 0.12 per cent in case of cash market transactions and 0.05 percent in case of derivative transaction.
B. 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, (including on brokerage and transaction costs on execution of trades)
shall be borne by the Scheme
(b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective 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 current expense ratios 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.
Axis Retirement Savings Fund - Aggressive Plan : Actual expense for the financial year ended March 31, 2021 (audited):
Regular Plan: 2.31%**, Direct Plan: 0.62%**
Axis Retirement Savings Fund - Conservative Plan : Actual expense for the financial year ended March 31, 2021 (audited):
Regular Plan: 2.16%**, Direct Plan: 0.30%**
Axis Retirement Savings Fund - Dynamic Plan : Actual expense for the financial year ended March 31, 2021 (audited):
Regular Plan: 2.38%**, Direct Plan: 0.50%**
9
Waiver of Load for Not applicable
Direct Applications
Tax treatment for Investors are advised to refer to the paragraph on Taxation in the “Statement of Additional Information” and to consult their own tax
Investors (Unitholders) advisors with respect to the specific amount of tax and other implications arising out of their participation in the scheme.
Daily Net Asset Value The NAV will be declared on all business days. NAV can also be viewed on www.axismf.com and www.amfiindia.com
(NAV) Publication [You can also telephone us at 1800 3000 3300.]
For Investor Grievances Name and Address of Registrar Name, address, telephone number, fax number, E-mail ID of the Mutual Fund
please contact KFin Technologies Private Limited, Mr. Milind Vengurlekar Axis Asset Management Co. Ltd.
Unit - Axis Mutual Fund, Selenium, Axis House, First Floor, C-2, Wadia International Centre,
Tower B, Plot number 31 & 32, Pandurang Budhkar Marg, Worli, Mumbai - 400025. India.
Financial District, Gachibowli, Nanakramguda, Tel. : 022 4325 4123. E-mail: [email protected]
Serilingampally Mandal, Hyderabad - 500032. Fax: 022 4325 5199. Toll Free: 1800-3000-3300 or 1800 221322
TEL: 040 79611000. Additional Contact Number: 8108622211.
Unitholder’s Information Account Statements:
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/closure of NFO period will be sent to the Unit Holders registered e-
mail address and/or mobile number.
Consolidated Account Statement (CAS)
CAS is an account statement detailing all the transactions and holding at the end of the month including transaction charges paid to the
distributor, across all schemes of all mutual funds. CAS issued to investors shall also provide the total purchase value/cost of investment in each
scheme.
Further, CAS issued for the half-year (September/ March) shall also provide
a. The amount of actual commission paid by AMC/Mutual Fund to distributors (in absolute terms) during the half-year period against the
concerned investor’s total investments in each scheme.
b. The scheme’s average Total Expense Ratio (in percentage terms) along with the break up between Investment and Advisory fees,
Commission paid to the distributor and Other expenses for the period for each scheme’s applicable plan (regular or direct or both) where
the concerned investor has actually invested in.
Further, whenever distributable surplus is distributed, a clear segregation between income distribution (appreciation on NAV) and capital
distribution (Equalization Reserve) shall be suitably disclosed in the CAS.
a) For Unitholders not holding Demat Account:
CAS for each calendar month shall be issued, on or before 15th day of succeeding month by the AMC.
The AMC shall ensure that a CAS for every half yearly (September/ March) is issued, on or before 21st day of succeeding month, detailing
holding at the end of the six month, across all schemes of all mutual funds, to all such investors in whose folios no transaction has taken
place during that period.
The AMC shall identify common investors across fund houses by their Permanent Account Number(PAN) for the purposes of sending
CAS. In the event the account has more than one registered holder, the first named Unit Holder shall receive the Account Statement.
The AMC will send statement of accounts by e-mail where the Investor has provided the e-mail id. Additionally, the AMC may at its
discretion send Account Statements individually to the investors.
b) For Unitholders holding Demat Account:
SEBI vide its Circular no. CIR /MRD /DP /31/2014 dated November 12, 2014 read with other applicable circulars issued by SEBI from time
to time, to enable a single consolidated view of all the investments of an investor in Mutual Fund and securities held in demat form with
Depositories, has required Depositories to generate and dispatch a single CAS for investors having mutual fund investments and holding
demat accounts.
In view of the aforesaid requirement, for investors who hold demat account, for transactions in the schemes of Axis Mutual Fund on or
after February 1, 2015, a CAS, based on PAN of the holders, will be sent by Depositories to Investors holding demat acco u n t f o r e a c h
calendar month within 15th day of the succeeding month to the investors in whose folios transactions have taken place during that
month.
CAS will be sent by Depositories every half yearly (September/March), on or before 21st day of succeeding month, detailing holding at the
end of the six month, to all such investors in whose folios and demat accounts there have been no transactions during that period.
CAS sent by Depositories is a statement containing details relating to all financial transactions made by an investor across all mutual funds
viz. purchase, redemption, switch, IDCW payout, IDCW reinvestment, systematic investment plan, systematic withdrawal plan,
systematic transfer plan (including transaction charges paid to the distributor) and transaction in dematerialized securities across demat
accounts of the investors and holding at the end of the month.
In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the depository shall send account
statement in terms of regulations applicable to the depositories. Investors whose folio(s)/ demat account(s) are not updated with PAN
shall not receive CAS.
Consolidation of account statement is done on the basis of PAN. Investors are therefore requested to ensure that their folio(s)/ demat
account(s) are updated with PAN. In case of multiple holding, it shall be PAN of the first holder and pattern of holding.
For Unit Holders who have provided an e-mail address to the Mutual Fund or in KYC records, the CAS is sent by e-mail. However, where an
investor does not wish to receive CAS through email, option is given to the investor to receive the CAS in physical form at the address
registered in the Depository system.
Investors who do not wish to receive CAS sent by depositories have an option to indicate their negative consent. Such investors may
contact the depositories to opt out. Investors who do not hold demat account continue to receive CAS sent by RTA/AMC, based on the
PAN, covering transactions across all mutual funds as per the current practice.
In case an investor has multiple accounts across two depositories; the depository with whom the account has been opened earlier will be
the default depository.
The dispatches of CAS by the depositories constitute compliance by the AMC/ the Fund with the requirement under Regulation 36(4) of
SEBI (Mutual Funds) Regulations. However, the AMC reserves the right to furnish the account statement in addition to the CAS, if
deemed fit in the interest of investor(s).
Investors whose folio(s)/demat account(s) are not updated with PAN shall not receive CAS. Investors are therefore requested to ensure
that their folio(s)/demat account(s) are updated with PAN.
For folios not included in the CAS (due to non-availability of PAN), the AMC shall issue monthly account statement to such Unit holder(s),
for any financial transaction undertaken during the month on or before 15th of succeeding month by mail or email.
For folios not eligible to receive CAS (due to non-availability of PAN), the AMC shall issue an account statement detailing holding across all
schemes at the end of every six months (i.e. September/March), on or before 21st day of succeeding month, to all such Unit holders in hose
folios no transaction has taken place during that period shall be sent by mail/e-mail.
Annual Report:
The Scheme wise annual report or an abridged summary thereof shall be e-mailed to the registered e-mail address of the unitholders 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). AMC shall provide physical copy of the abridged summary of annual report, without charging any cost, on specific
request received from a unitholder. 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 AMC (www.axismf.com) and Association of Mutual Funds in India (www.amfiindia.com).
Mutual Fund 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.
Fortnightly/ Monthly/ Half yearly disclosures:
The AMC will disclose the portfolio of Axis Retirement Savings Fund - Aggressive Plan & Axis Retirement Savings Fund - Dynamic Plan
(alongwith ISIN) as on the last day of the month/ half year on the website of the Mutual Fund and AMFI within 10 days from the close of each
month/ half year (i.e. 31st March and 30th September) respectively in a user-friendly and downloadable spreadsheet format. Further, the AMC
will disclose the portfolio of Axis Retirement Savings Fund - Conservative Plan (alongwith ISIN) on the fortnightly/ half year basis on the
website of the Mutual Fund and AMFI within 5 days of every fortnight and within 10 days of close of each half year (i.e. 31st March and 30th
10
September) respectively in a user-friendly and downloadable spreadsheet format. Also AMC shall publish an advertisement, in an all India
edition of one national English daily newspaper and in one Hindi newspaper, every half year disclosing the hosting of the half-yearly statement
of its schemes portfolio on the website of the Mutual Fund and AMFI and the modes through which unitholder can submit a request for a
physical or electronic copy of the statement of scheme portfolios.
The AMC will also provide a dashboard, in a comparable, downloadable (spreadsheet) and machine readable format, providing performance
and key disclosures like Scheme’s AUM, investment objective, expense ratios, portfolio details, scheme’s past performance etc. on website.
11
**Includes Total Expense Ratio permissible under regulation 52(6)(c), Additional expenses under Regulation 52(6A)(c) and Additional expenses for gross new inflows from
specified cities under Regulation 52(6A)(b) (wherever applicable) and includes GST on Investment Management fees.
Email ID & Mobile Number: Investors should provide their own email address and mobile number to enable Axis AMC for speed and ease of communication in a convenient and
cost-effective manner, and to help prevent fraudulent transactions.
Please refer Axis AMC website www.axismf.com for list of Official Point of Acceptance of Transactions for submission of transaction requests.
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ` 1 Lakh). Trustee: Axis
Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall
resulting from the operation of the schemes.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
1. GENERAL INSTRUCTIONS
2. DIRECT INVESTMENTS
3. EMPLOYEE UNIQUE IDENTIFICATION NUMBER (EUIN)
4. DECLARATION AND SIGNATURES
5. PAYMENTS
6. BANK DETAILS
a. The application form should be completed in ENGLISH and in BLOCK LETTERS.
b. All cheques, demand drafts and pay orders should be crossed “Account Payee
only” and made in favour of “Scheme Name A/c First Investor Name” or
“Scheme Name A/c Permanent Account No.”.
c. If the Scheme name on the application form and on the payment instrument are
different, the application may be processed and units allotted at applicable NAV
of the scheme mentioned in the application / transaction slip duly signed by
investor(s).
d. Any over-writing / changes made while filling the form must be authenticated by
canceling the original entry, re-entering correct details and ensuring that all
applicants counter-sign against each correction.
e. Application forms along with supporting documents can be submitted to ISCs /
OPAs, contact details of which are available on www.axismf.com.
f. Investors must write the application form number / folio number on the reverse
of the cheque / demand draft.
g. Investors are requested to check contents of the account statement on receipt.
Any discrepancy should be reported to the AMC / Registrar within 7 calendar
days of the receipt of the statement; else contents of the statement would be
presumed to be correct and binding. The AMC may modify any discrepancy at
its discretion.
h. Units will be allotted subject to realization of payment proceeds.
i. Unitholder / Guardian name should be same as per PAN / KYC records. Please
note that AMC at discretion may replace the name as per KRA.
j. FATCA Declaration: Individual investors, please fill in FATCA / CRS annexure
and attach along with Application form. Non-Individual investors, please fill in
UBO form along with FATCA / CRS annexure and attach along with Application
form available on our website www.axismf.com
Investors subscribing under Direct Plan of the scheme will have to indicate “Direct
Plan” against the scheme name in the application form e.g. “Axis Arbitrage Fund -
Direct Plan”. Investors should also indicate “Direct” in the ARN column of the
application form. However, in case Distributor code is mentioned in the application
form, but“Direct Plan” is indicated against the scheme name, the application will be
processed under Direct Plan. Further, where application is received for Regular Plan
without Distributor code or “Direct” mentioned in the ARN Column, the application
will be processed under Direct Plan.
Note: Direct Plan investment not applicable for ETF schemes.
Investor investing through distributor shall mention EUIN on the application form, if
he/she has been advised by Sales Person/ Employee/ Relationship Manager of the
distributor this would assist in addressing any instance of mis-selling. If left blank,
applicant(s) need to tick and sign the following declaration “I/We hereby confirm
that the EUIN box has been intentionally left blank by me/us as this transaction is
executed without any interaction or advice by the employee/relationship
manager/sales person of the above distributor/sub broker or notwithstanding the
advice of in-appropriateness, if any, provided by the employee/relationship
manager/sales person of the distributor/sub broker.” on the form. SEBI has made it
mandatory to obtain EUIN no. for every employee/ relationship manager/ sales
person of the distributor for selling mutual fund products.
a. Thumb impressions must be attested by a Magistrate / Notary Public under his /
her official seal.
b. In case of HUF, the Karta needs to sign on behalf of the HUF.
c. Applications by minors should be signed by their guardian.
d. For Corporates, signature of the Authorised Signatory (from the Authorised
Signatory List (ASL)) is required.
a. The AMC intends using electronic payment services (NEFT, RTGS, ECS (Credit),
Direct Credit, etc.) to the extent possible for dividends / redemptions for faster
realization of proceeds to investors. In case an investor wishes to receive
payments vide cheques / demand drafts to be sent using a postal / courier
service, please provide appropriate written instructions to the AMC / Registrar
for the same.
b. Please enclose a cancelled cheque leaf (or copy thereof) in case your investment
instrument (pay-in) is not from the same bank account as mentioned under bank
account details.
c. Any communication, dispatch of redemption / dividend proceeds / account
statements etc. would be made by the Registrar / AMC as per reasonable
standards of servicing.
d. The Debit Mandate is an additional facility available to Axis Bank account holders
only.
It is mandatory for investors to mention bank account details on the form as per
directives issued by SEBI. Applications without this information are liable to be
rejected. The Mutual Fund / AMC reserve the right to hold redemption proceeds in
case requisite bank details are not submitted.
Option to register multiple bank accounts
The AMC / Mutual Fund has also provided a facility to investors to register multiple
bank accounts. By registering multiple bank accounts, investors can use any of
their registered bank accounts to receive redemption / dividend proceeds. Any
request for a change in bank mandate requires 10 days for validation and
verification. Further, these account details will be used by the AMC / Mutual Fund /
R&T for verification of instruments (like cheques/DDs/POs) received at the time of
subscription / purchase applications to ensure that subscription payments are
received only from one of the registered bank accounts. Payments from non-
registered bank accounts (called third party payments) will not be accepted (except
where permitted as per SEBI regulations). Investors are requested to avail of this
facility by filling in the application form for registration of multiple bank accounts
available at any of our ISCs / OPAs or on our website www.axismf.com.
Cheques submitted at the time of purchase should be from the beneficiary investors
account or from an account mentioned in your Multiple Bank Accounts Registration
form (except for minors for amounts less than ` 50,000 and Corporates / non-
individuals).
Demand drafts submitted at the time of subscription should be accompanied by a
banker’s certificate clearly stating the investor’s name and PAN as well as
mentioning that the demand draft has been issued by debiting the investor’s own
bank account. Pre-funded instruments issued by the bank against cash shall not be
accepted for investments of ` 50,000 or more. This pre-funded instrument should
also be accompanied by a certificate from the banker giving the investor’s name,
address and PAN.
Payments made through RTGS/NEFT/NECS should be accompanied by a banker’s
certificate stating that the RTGS/NEFT/NECS payment has been made by debiting
the investor’s own bank account along with mention of the investor’s name and
PAN.
When payment is made through instruments issued from a bank account other than
that of the investor, the same is referred to as a Third Party payment. Where an
investor has opted to register multiple bank accounts (using the ‘Multiple Bank
Accounts Registration Form’), and purchase payment is made from an account
different from what is registered, any one of the following documents need to be
provided as proof along with the payment instrument.
• Banker’s certificate stating that the investment is from the investor’s own bank
account along with mention of his name and PAN
• Bank account passbook or statement mentioning the investor’s name / PAN
Restriction on acceptance of Third Party payments for subscriptions, and
exceptions thereto
a. In case of payments from a joint bank account, one of the joint holders of the
bank account must be the first account holder under the investment application.
b. The Asset Management Company shall not accept subscriptions with Third
Party payments except in the following situations:
1. Where payment is made by parents/grand parents/related persons on behalf
of a minor in consideration of natural love and affection or as gift for a value
not exceeding ` 50,000
(each regular purchase or per SIP installment). However this restriction will
not be applicable for payment made by a guardian whose name is registered
in the records of Mutual Fund in that folio.
2. Where payment is made by an employer on behalf of an employee under
Systematic Investment Plans through payroll deductions.
3. Custodian on behalf of an FII or a client.
Documents to be submitted for exceptional cases
1. KYC is mandatory for all investors (guardian in case of minor) and the person
making the payment i.e. the third party. Investors and the person making
the payment should attach their valid KYC acknowledgement letter to the
application form.
2. Submission of a separate, complete and valid ‘Third Party Payment
Declaration Form' from the investors (guardian in case of minor) and the
person making the payment i.e. third party. The said Declaration Form shall,
inter-alia, contain the details of the bank account from which the payment is
made and the relationship with the investor(s). Please contact the nearest
OPA/ISC of Axis Mutual Fund or visit our website www.axismf.com for the
declaration form.
All Applicants (including POAs and Guardians) are required to be KYC compliant
irrespective of the amount of investment. In case you are not KYC certified, please
fill in the KYC form (individual or Non-Individual). A KYC acknowledgement letter
should be submitted along with application for opening a folio or making an
investment. Each holder in the folio must be KYC compliant.
Investors may kindly note that new SEBI Circular issued regarding uniformity in the
KYC process was effective from January 1, 2012.
1. SEBI has introduced a common KYC Application Form for all the SEBI registered
intermediaries, new Investors are therefore requested to use the common KYC
Application Form and carry out the KYC process including In-Person Verification
(IPV) with any SEBI registered intermediaries including mutual funds. The KYC
Application Forms are available on our website www.axismf.com.
2. The Mutual Fund shall perform the initial KYC of its new investors and shall also
accept the details change form for investors who have done their KYC prior to
31st Dec11.
3. It is mandatory to carry out In-Person Verification(IPV) for processing the KYC of
its new / existing investors from January 1, 2012.
4. Once the KYC and IPV-In Person Verification has been done with any SEBI
registered intermediary, the investor need not undergo the same process again
with any another intermediary including mutual funds. However, the Mutual
Fund reserves the right to carry out fresh KYC/additional KYC of the investor.
5. Existing KYC compliant investors of the Mutual Fund can continue to invest as
per the current practice.
6. Non-individual investors will have to do a fresh KYC due to significant changes
in KYC requirements.
7. In accordance with SEBI Circular No. CIR/MIRSD/13/2013 dated December 26,
2013, the additional details viz. Occupation details, Gross Annual
Income/networth and Politically Exposed Person (PEP)* status mentioned under
section 2 & 3 which was forming part of uniform KYC form will now be captured
in the application form of the Fund. Also, the detail of nature of services viz.
Foreign Exchange/Gaming/Money Lending, etc.,(applicable for first/sole
applicant) is required to be provided as part of Client Due Diligence (CDD)
Process of the Fund.
The said details are mandatory for both Individual and Non Individual applicants.
*PEP are defined as individuals who are or have been entrusted with prominent
public functions in a foreign country, e.g., Heads of States or of Governments,
senior politicians, senior Government/judicial/ military officers, senior
executives of state owned corporations, important political party officials, etc.
Subsequently, SEBI, vide its circular no. MIRSD/Cir-5/2012 dated April 13,
2012 advised various intermediaries to upload KYC data of its existing
customers into the KRA system. While uploading KYC data into the KRA
system, intermediaries were also required to highlight such ‘Missing/Not
Available’ KYC information of a customer, which was either not required or not
taken previously, but was mandatory as per uniform KYC guidelines issued by
SEBI.
7. THIRD PARTY PAYMENTS
8. KYC
Please read the SID carefully before signing the application form and tendering payment.
INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM
Please read the SID carefully before signing the application form and tendering payment.
INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM (Contd.)
8. In accordance with AMFI circular - 35P/MEM-COR/54/2019-20 dated February
28, 2020, it is mandatory, KYC to be verified by KYC Registration Agency
before processing redemption. Further, investor requested to complete KYC
process before placing redemption request.
In accordance with AMFI Best practices guidelines circular no. 62/2015-16 dated
September 18, 2015, investors may note the following:
It is mandatory for all new/existing investors to provide additional KYC information
such as Income details, Occupation, association with politically exposed person,
net worth etc. as mentioned in the application form. Subscription requests, without
providing these details, are liable to be rejected. No subscriptions (whether fresh or
additional) and switches pertaining to ‘KYC on-hold’ cases are accepted, unless the
investor / unitholder also submits relevant KYC missing / updated information,
which is appropriately updated on the KRA - KYC.
Further, it is mandatory for existing customers to complete In-Person Verification
process and provide the missing KYC information failing which their applications /
transaction requests for additional subscription (including switches) is liable to be
rejected.
Central Registry of Securitisation and Asset Reconstruction and Security interest of
India (‘CERSAI’) has been authorised by Government of India to act as Central KYC
Records Registry under Prevention of Money-Laundering (Maintenance of Records)
Rules, 2005 (‘PMLA Rules’).
SEBI vide its circular ref. no. CIR/MIRSD/66/2016 dated July 21, 2016 and circular
ref. no. CIR/MIRSD/120/2016 dated November 10, 2016 has prescribed that the
Mutual Fund/ AMC should capture KYC information for sharing with CKYCR as per
the KYC template prescribed by CERSAI for uniform and smooth implementation of
CKYC norms for onboarding of new investors in mutual funds.
In accordance with the aforesaid SEBI circulars and AMFI best practice guidelines
for implementation of CKYC norms with effect from February 1, 2017:
a) Individual investors who have never done KYC process under KRA regime i.e. a
new investor who is new to KRA system and whose KYC is not registered or
verified in the KRA system shall be required to provide KYC details in the CKYC
Form to the Mutual Fund/ AMC.
b) Individual investor who fills old KRA KYC Form, should provide additional /
missing information using Supplementary KYC Form or fill CKYC Form.
c) Details of investors shall be uploaded on the system of CKYCR and a 14 digit
unique KYC identifier (‘KIN’) will be generated for such customer.
d) New investors, who have completed CKYC process & have obtained KIN may
quote their KIN in the application form instead of submitting CKYC Form/
Supplementary KYC Form.
e) AMC/ Mutual Fund shall use the KIN of the investor to download the KYC
information from CKYCR system and update its records.
f) If the PAN of investor is not updated on CKYCR system, the investor should
submit self-certified copy of PAN card to the Mutual Fund/ AMC.
The CKYC Form and Supplementary KYC Form are available at Investor Service
Centre (ISC) of Axis Mutual Fund and on website www.axismf.com.
The AMC reserves the right to reject transaction application in case the investor(s)
fails to submit information and/or documentation as mentioned above. In the event
of non compliance of KYC requirements, the Trustee / AMC reserves the right to
freeze the folio of the investor(s).
SEBI vide its circular no. CIR/MIRSD/2/2013 dated January 24, 2013 further read
with AMFI Best practices guidelines circular no. 62/2015-16 dated September 18,
2015 and other applicable regulations and guidelines, for identification of Beneficial
Ownership to be followed by the intermediaries for determination of beneficial
owners. A ‘Beneficial owner’ is defined as a natural person or persons who
ultimately own, control or influence a client and/or persons on whose behalf a
transaction is being conducted and includes a person who exercises ultimate
effective control over a legal person or arrangement. In this regard, all categories of
investors (including all new / existing investors / unitholders) (except individuals,
companies listed on a stock exchange or majority-owned subsidiary of such
companies) are mandatorily required to provide beneficial ownership details for all
investments. Failing which, fund reserves the right to reject applications /
subscription requests / additional subscription requests (including switches) /
restrict further investments or seek additional information from investors who have
not provided the requisite information on beneficial ownership. In the event of
change in beneficial ownership, investors are requested to immediately update the
details with the Fund/Registrar.
Each applicant is required to submit self attested PAN Card Copy (Including
Guardian in case of Minor and POA holders).However PAN is not mandatory in case
of Investors residing in the State of Sikkim, Central & State Government officials
and officials appointed by the Courts e.g. Official Liquidator, Court receiver etc.
(under the category of Government) subject to Axis AMC confirming the above
mentioned status.
PAN Exempt Investments
SEBI vide its circular dated 24th July 2012, conveyed that the investments
aggregating ` 50,000 in a rolling 12 month period or in a financial year i.e. April to
March, in all the schemes of Mutual Funds are exempt from the PAN requirement.
Where the aggregate of the Lumpsum Investment (Fresh Purchase & Additional
Purchase) and Micro SIP installments by an investor based on the rolling 12 month
period/ in a financial year i.e. April to March does not exceed ` 50,000/-, it shall be
exempt from the requirement of PAN, (hereafter referred to as "Micro
Investments”).
PAN requirement exemption will be available only to Micro Investments made by
the individuals being Indian Citizens (Including NRIs, Joint Holders*, Minor acting
through Guardian and Sole proprietory firms not having PAN). Person of Indian
Origin, Hindu Undivided Family,(HUF),Qualified Foreign Investor (QFI) and other
categories of investors will not be eligible for this exemption. However the eligible
investors are required to submit PAN exempt KYC issued by SEBI registered KRA
(KYC Registration Authority). * In case of joint holders, first holder must not
possess a PAN.
Where the investment is on behalf of a Minor by the Guardian:
a. The Minor shall be the first and sole holder in the account.
8A Operationalisation of Central KYC Records Registry (CKYCR)
9. ULTIMATE BENEFICIAL OWNERS(S)
10. PERMANENT ACCOUNT NUMBER (PAN)
11. APPLICATIONS ON BEHALF OF MINORS
b. No Joint holders are allowed. In case an investor provides joint holder details,
these shall be ignored.
c. Guardian should be either a natural guardian (i.e. father or mother) or a court
appointed legal guardian.
d. Guardian should mention the relationship with Minor and date of birth of the
Minor on the application form.
e. A document evidencing the relationship and date of birth of the Minor should be
submitted along with the application form. Photo copy of any one of the
following documents can be submitted a) Birth certificate of the minor or b)
school leaving certificate / mark sheet of Higher Secondary board of respective
states, ICSE, CBSE etc. c) Passport of the minor d) Any other suitable proof
evidencing the relationship.
f. Where the guardian is not a natural guardian (father or mother) and is a court
appointed legal guardian, suitable supporting documentary evidence should be
provided.
g. If the mandatory details and/or documents are not provided, the application is
liable to be rejected without any information to the applicant.
An applicant wanting to transact through a power of attorney must lodge the
photocopy of the Power of Attorney (PoA) attested by a Notary Public or the
original PoA (which will be returned after verification) within 30 days of submitting
the Purchase Application Form / Transaction Slip at a Designated ISC / Official Point
of Acceptance, or along with the application in case of application submitted duly
signed by POA holder. Applications are liable to be rejected if the power of attorney
is not submitted within the aforesaid period.
a. A minimum gap of 15 days and not more than 90 days needs to be maintained
between date of Application & SIP start date.
b. Investor shall have the option of choosing any date of the month as the SIP date
except the dates 29th, 30th and 31st. If SIP debit date is not mentioned default
date would be considered as 7th of every month. If selected 29th, 30th or 31st,
default SIP date would be considered as 28th of every month.
c. All SIP installment cheques/payment instructions must be of the same amount
and the same monthly debit date (excluding first cheque).
d. The SIP will be discontinued automatically if payment is not received for three
successive installments.
e. Investors can discontinue a SIP at any time by sending a written request to any
Official Point of Acceptance or to the registrar KFin Technologies Private
Limited. Notice of such discontinuance should be received at least 20 days prior
to the next due date of the installment / debit.
f. In case payment is made using “At Par” cheques, investors must mention the
MICR number of his bank branch. Where he hold’s the bank account.
g. An Investor will not hold Axis Mutual Fund, its registrars and / or service
providers responsible if a transaction is delayed or not effected, or the investor
bank account is debited in advance or after the specific SIP date because of the
various clearing cycles of RBI’s Electronic Clearing Facility (ECS) / Bank holiday.
Axis Mutual Fund, its registrars and other service providers shall not be held
responsible or liable for damages / compensation / loss incurred by the investor
as a result of using the SIP or ECS / Auto debt facility.
h. Please refer below table for minimum monthly/yearly installments:
Scheme Monthly Yearly
Minimum Minimum Minimum Minimum
Amount (`) Installments Amount (`) Installments
All Schemes except 1000 6
below schemes,
Axis Overnight Fund &
Axis Liquid Fund 12000 3
Axis Bluechip Fund, 500 6
Axis Midcap Fund,
Axis Flexi Cap Fund,
Axis Smallcap Fund and
Axis Focused 25 Fund
Axis Nifty 100 Index Fund
Axis Long Term 500 6 6000 3
Equity Fund*
Note: For all schemes, minimum amount is as per above table and thereafter in
multiple of ` 1.
For Long Term Equity Fund Minimum amount is as per above table and
thereafter in multiple of ` 500*.
i. If the period is not specified by the unit holder on the SIP section then the SIP
enrollment will be consider from the upcoming month (Gap of 21 days) till
perpetuity (December 2099).
j. If no amount is mentioned minimum scheme amount would be considered.
Please refer KIM & SID of the respective scheme.
Change of Debit Bank Details (SIP Auto Debit Form)
a. Investor can change debit bank details mentioned on SIP Auto Debit form by
ticking the check box provided on the form and attaching signed cancelled
cheque of the new bank along with the mandate.
b. The cheque copy should have the investor’s name printed on it.
c. A minimum gap of 15 days is required for incorporation of new bank details.
d. In case of change of debit bank details the investor needs to provide the new
bank details on mandate and SIP start date should be in continuation with the
SIP cycle and end date will remain the same.
e. Except new debit bank details rest of the details i.e. SIP period, amount etc. will
remain same as the original SIP investment.
NACH is a funds clearing platform set up by NPCI similar to the existing ECS of RBI.
NPCI has implemented NACH for Banks, Financial Institutions, Corporates and
Government a web based solution to facilitate interbank, high volume, electronic
transactions which are repetitive and periodic in nature.
National Payments Corporation of India (NPCI)
NPCI was set up by Indian Banks Association under a mandate from the Reserve
Bank of India in 2008. It is the umbrella organization for all retail payment systems.
NCPI would provide robust payment solutions to banks and financial institutions
across India.
12. APPLICATIONS UNDER POWER OF ATTORNEY
13. SIP matlab SLEEP IN PEACE (SYSTEMATIC INVESTMENT PLAN)
14. NATIONAL AUTOMATED CLEARING HOUSE (NACH)
15. AUTO DEBIT PARTNERING BANKS
16. NRIs, FIIs
17. ELECTRONIC SERVICES
Partnering Banks: Axis Bank, Federal Bank, HDFC Bank, ICICI Bank, Punjab National
Bank, State Bank of India & Union Bank Of India.
a. Repatriation basis
I. NRIs: Payment may be made either by inward remittance through normal
banking channels, or from funds held in a Non-Resident (External) Rupee
Account (NRE) / Foreign Currency (Non-Resident) Account (FCNR). In case
Indian rupee drafts are purchased abroad or from Foreign Currency
Accounts or Non-resident Rupee Accounts, an account debit certificate
from the bank issuing the draft confirming the debit will need to be
enclosed.
II. FIIs can pay their subscription either by inward remittance through normal
banking channels or from funds held in Foreign Currency Account or Non-
Resident Rupee Account maintained by the FII with a designated branch of
an authorised dealer.
III. Axis Mutual Fund has decided to restrict subscriptions from U.S. Persons
(including NRIs and all persons residing in U.S, U.S Corporations or other
entities organized under the laws of U.S) and Residents of Canada in the
Schemes of Axis Mutual Fund.
b. Non-repatriation basis
In the case of NRIs, payment may be made either by inward remittance through
normal banking channels or out of funds held in a NRE / FCNR / Non-Resident
Ordinary Rupee Account (NRO). In case Indian rupee drafts are purchased
abroad or from Foreign Currency Accounts or Non-resident Rupee Accounts, an
account debit certificate from the bank issuing the draft confirming the debit will
need to be enclosed.
c. TDS where ever applicable would be rounded off to the Rupee.
The AMC provides electronic transaction services through its website and over the
phone.
a. KFINKART: Transactions through electronic platform(s) of M/s. KFin Technologies
Private Limited (effective from January 2, 2017): Investors will be allowed to
transact through https://mfs.kfintech.com/investor/, an electronic platform
provided by M/s. KFin Technologies Private Limited, Registrar & Transfer Agent, in
Schemes of Axis Mutual Fund (‘Fund’) (except Axis Gold ETF and Axis Nifty ETF).
The facility will also be available through mobile application i.e. ‘KFINKART’.
b. Online Schedule Transaction Facility (‘the OST facility’/ ‘the Facility’):
The OST facility shall enable Investors to schedule subscription / redemption /
switch transaction(s) on specified date for specified amount/ units by giving
online instruction.
The terms and conditions of the OST facility shall be as under:
1 The Facility is available to the existing Investors of open ended schemes of
Axis Mutual Fund , subject to
completion of lock-in, if any.
2. The Facility is available only to Individual (including sole proprietor) Investors
for units held in / subscription in physical mode.
3. The Facility for subscription transaction would be available to Investors after
completion of OTM Mandate / Easycall mandate/ equivalent mandate
registration process.
4. Under the Facility the transaction can be scheduled to be executed on a
specified date which shall be within 30 calendar days from the date of the
instruction. Such specified date shall be a business day. In case the
scheduled transaction date falls on a nonbusiness day, the transaction will
be executed on the immediately following business day.
5. The Facility shall be available on online transaction platform(s) viz website of
Axis AMC i.e. www.axismf.com. Axis AMC may extend the Facility to
other transaction platforms from time to time, at its discretion.
6. The scheduled transaction may be cancelled by giving suitable instruction
atleast one calendar day prior to the scheduled transaction date.
7. The triggered transaction on the scheduled date shall be considered as time
stamped and will be executed on the specified date at the applicable NAV of
the relevant scheme.
8. The scheduled transaction(s) shall be subjected to exit load, minimum
subscription/ additional subscription application and other terms and
conditions of the relevant scheme as per SID applicable on the specified
date.
9. The scheduled transaction shall be liable to be rejected if sufficient amount
is not available for subscription or sufficient number of units / amount is not
available for redemption.
10. Redemption transactions will not be executed in case units are pledged
or where lien is marked on units, at the time of online instruction / on
specified date;
11. Investors availing this facility shall acquaint themselves with the features of
the relevant scheme(s), including any modification / amendments carried
out before the specified date.
The above is an additionally provided facility to the Investors to plan their
transactions in schemes using online platforms.
c. Email facility - Applicants who provide their email address will receive
communication by email. In case an investor wishes to receive a hard copy of an
account statement or other document, he/she is requested to submit a request at
customerservice@axismf.com or call us on
From Monday to Friday - 8 AM
to 8 PM On Saturday & Sunday - 9 AM to 6 PM.
d. SMS alerts facility - Applicants who wish to receive transaction alerts on their
mobile phone need to provide their mobile no.
e. Online investment facility - New or existing investors can invest with us online at
www.axismf.com. To avail of this facility, applicants are requested to provide
both their mobile no. and email address in the spaces provided.
f. EasyCall Facility-New or existing investors can buy or sell units of schemes
over the phone without having to remember PINs and Passwords. To do so an
investor must register for our unique Easy Call facility. By filling in the
registration form available on www.axismf.com.
g. In case mobile no. & email ID is not provided on the application form then it will
be capture as per KYC record.
(except Axis Gold ETF and Axis Nifty ETF)
Toll Free: 1800 3000 3300 or 1800
221322 Additional Contact Number: 8108622211
h. Investors should provide their own email address and mobile number to enable
Axis AMC for speed and ease of communication in a convenient and cost-
effective manner, and to help prevent fraudulent transactions.
a. Nomination is mandatory for all the folios/accounts, where the mode of holding
is single or the folio/account is opened by an individual without any joint holding.
New subscriptions received from individuals without nomination will be
rejected.
b. The nomination can be made only by individuals holding units on their own
behalf singly or jointly. Non-Individuals including Society, Trust, Body
Corporate, Partnership Firm, Karta of Hindu Undivided Family, holder of Power
of Attorney cannot nominate. If the units are held jointly, all joint holders must
sign against the nomination.
c. Nomination is not allowed for folios/accounts opened in the name of minors.
d. A minor can be nominated against a folio/account. In such a case, the name and
address of the Guardian of the minor nominee must be provided. If no Guardian
name is provided, the nomination of the minor will be invalid. The Guardian of
the minor nominee should be a person other than the holder of that
folio/account. Nomination can also be in favour of the Central Govt, State Govt,
a local authority, any person designated by virtue of his office or a religious
charitable trust.
e. The Nominee cannot be a trust (other than a religious or charitable trust),
society, body corporate, partnership firm, Karta of HUF or a Power of Attorney
holder. A non-resident Indian can be a Nominee subject to the exchange controls
in force, from time to time.
f. Nomination stands rescinded upon transfer of units or cancellation of
nomination.
g. The nomination facility extended under the Scheme is subject to existing laws.
The AMC shall, subject to production of such evidence which in their opinion is
sufficient, proceed to effect the payment / transfer to the Nominee(s) in the
event of demise of the unit holder. Transfer of units / payment to the nominee(s)
of the sums shall discharge Axis Mutual Fund / Axis AMC of all liability towards
the estate of the deceased unit holder and his / her / their successors / legal
heirs.
h. Cancellation of nomination can only be made only by those individuals who hold
units on their own behalf singly or jointly and who made the original nomination.
(Please note that if one of the Joint Holders die, the other surviving holders
cannot cancel or change the nomination.)
i. Nomination shall be registered only if the form is filled in completely.
j. Nomination will be updated at folio/account level and not at scheme level.
k. Nomination can be made for maximum of 3 nominees. In case of multiple
nominees, the percentage of allocation / share in favour of each of the nominees
should be indicated against their name and such allocation / share should be in
whole numbers without any decimals making a total of 100 percent. In the
event of unit holders not indicating the percentage of allocation / share for each
of the nominees, the Mutual Fund / the AMC, by invoking default option shall
settle the claim equally amongst all the nominees.
l. The investor(s) who nominate is / are deemed to have read and understood the
provisions of Regulation 29 A of SEBI (Mutual Funds) Regulations, 1996, read
with SEBI circular dated Feb. 16, 2004 and / or any amendments thereto or any
rules / regulations framed in pursuance thereof governing the nomination facility
and agree/s to be bound by the same.
m. Fresh nominee registrations will override older nominations under the folio.
n. In case an investor does not wish to nominate for a specific folio / account,
he/she should strike off the nomination fields and mention “Nomination not
required”.
o. Even those investors who do not wish to nominate must sign separately
confirming their non-intention to nominate.
If you wish to invest in the scheme through Demat you need to have a beneficiary
account with a Depositary Participant (DP) of the NSDL/CDSL and specify the same
in this Application Form.You must ensure that the sequence of names with other
details like address, PAN, etc mentioned under Demat details should match with DP
records. Only those applications where the details are matched with the depository
data, will be treated as valid application. If the details mentioned in the application
are incomplete /incorrect, or does not match with the depository data, the applicant
shall be treated as invalid and shall be liable to be rejected and would be allotted in
Physical form. Demat option will be applicable for the applications along with SIP
option.
Please attach Client Master List along with application form.
As per SEBI circular dated August 22, 2011, Transaction Charge per subscription
of ` 10,000/- and above shall be charged from the investors and shall be payable to
the distributors/ brokers (who have not opted out of charging the transaction
charge) in respect of applications routed through distributor/broker relating to
Purchases / subscription / new inflows only (lumpsum and SIP), subject to the
following:
• For Existing / New investors: `100 / ` 150 as applicable per subscription of
` 10,000/– and above.
• Transaction charge for SIP shall be applicable only if the total commitment
through SIP amounts to ` 10,000/- and above. In such cases the transaction
charge would be recovered in maximum 4 successful installments.
• There shall be no transaction charge on subscription below ` 10,000/-.
• There shall be no transaction charges on direct investments.
• There shall be no transaction charges for transaction other than
purchases/subscriptions relating to new inflows such as Switches, etc.
• Transactions carried out through the Stock Exchange platforms for mutual
funds shall not be subject to transaction charges.
The requirement of minimum application amount shall not be applicable if the
investment amount falls below the minimum requirement due to deduction of
transaction charges from the subscription amount.
However, the option to charge “transaction charges” is at the discretion of the
distributors. Investors may note that distributors can opt to receive transaction
18. NOMINATION
19. DEMAT ACCOUNT DETAILS
20. TRANSACTION CHARGE
Please read the SID carefully before signing the application form and tendering payment.
INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM (Contd.)
FATCA & CRS Indicia observed (ticked)
U.S. place of birth
Residence/mailing address in a country
other than India
Telephone number in a country other than
India
Telephone number in a country other than
India
Documentation required for Cure of FATCA/ CRS Indicia
1. Self-certification that the account holder is neither a citizen of United States of America nor a resident for tax purposes;
2. Non-US passport or any non-US government issued document evidencing nationality or citizenship (refer list below);AND
3. Any one of the following documents:
Certified Copy of “Certificate of Loss of Nationality
or Reasonable explanation of why the customer does not have such a certificate despite renouncing US citizenship;
or Reason the customer did not obtain U.S. citizenship at birth
1. Self-certification that the account holder is neither a citizen of United States of America nor a tax resident of any country other than India;
and
2. Documentary evidence (refer list below)
If no Indian telephone number is provided
1. Self-certification that the account holder is neither a citizen of United States of America nor a tax resident of any country other than India;
and
2. Documentary evidence (refer list below)
If Indian telephone number is provided along with a foreign country telephone number
1. Self-certification that the account holder is neither a citizen of United States of America nor a tax resident for tax purposes of any country
other than India; OR
2. Documentary evidence (refer list below)
1. Self-certification that the account holder is neither a citizen of United States of America nor a tax resident of any country other than India;
and
2. Documentary evidence (refer list below)
List of acceptable documentary evidence needed to establish the residence(s) for tax purposes:
1. Certificate of residence issued by an authorized government body*
2. Valid identification issued by an authorized government body* (e.g. Passport, National Identity card, etc.)
* Government or agency thereof or a municipality of the country or territory in which the payee claims to be a resident.
In case customer has the following Indicia pertaining to a foreign country and yet declares self to be non-tax resident in the respective country, customer to provide relevant Curing
Documents as mentioned below:
charges based on type of the Scheme. Accordingly, the transaction charges would
be deducted from the subscription amounts, as applicable.
A non-profit organization means any entity or organization that is registered as a
Trust or a society under the Societies Registration Act, 1860 or any similar State
legislation or a company registered under section 25 of the companies act, 1956 or
under Section 8 of the Companies Act, 2013. NPOs are requested to submit a copy
of certificate of registration under applicable laws (example Bombay Public Trust
Act) and/ or certificate from Charity Commissioner (as applicable) and/ or copy of
appropriate registration certificate under Income Tax Act.
21.
22. MULTIPLE INVESTMENTS
1. Investor can make purchases in up to three schemes within the same Folio by
making a single consolidated payment for the investments.
2. Multiple Investments facility is not available for Axis Children's Gift Fund,
Axis Liquid Fund, Axis Overnight Fund, Axis Gold ETF, Axis Nifty ETF, Axis
Banking ETF, any closed ended schemes, and during NFO period.
3. Cheque/ DD/ Debit mandate should be drawn for Total Amount of
investment in all three schemes.
4. The Cheque/ DD should be drawn favouring "Axis MF Multiple Schemes".
5. In case of payment through a Debit Mandate, please tick "Axis MF Multiple
Schemes" only.
6. If the total amount of investments mentioned on the application is different
from the amount mentioned on the accompanying Cheque / Demand Draft /
Debit mandate, then the application is liable to be rejected.
7. Please mention all scheme/ plan/ option details in the table in section 7A of
the form. If the scheme details are provided in any other format, the
application is liable to be rejected.
8. Investments will be accepted subject to minimum investment criteria
applicable for the schemes opted for investment. Even if one of the schemes
specified for investment does not satisfy the minimum investment criteria,
the application will be liable to be rejected for all schemes.
9. This facility is only available for lumpsum purchases.
23. FOREIGN ACCOUNT TAX COMPLIANCE (FATCA)
FATCA & CRS TERMS & CONDITIONS : Details under FATCA & CRS: The Central
Board of Direct Taxes has notified Rules 114F to 114H, as part of the Income- tax
Rules, 1962, which Rules require Indian financial institutions such as Axis MF to
seek additional personal, tax and beneficial owner information and certain
certifications and documentation from all our investors and counter parties. In
relevant cases, information will have to be reported to tax authorities / appointed
agencies. In this respect, Axis MF would rely on the relevant information provided
by its Registrar and would also use its discretion.
Towards compliance, we may also be required to provide information to any
institutions such as withholding agents for the purpose of ensuring appropriate
withholding from the account or any proceeds in relation thereto.
The onus to provide accurate, adequate and timely inputs in this regard would be
that of the investor or counterparty. Should there be any change in any information
provided by you, please ensure you advise us promptly, i.e., within 30 days.
Please note that Axis MF will be unable to provide advice to you about any tax
status or FATCA/CRS classification relevant to your account. It is your responsibility
to ensure that you record your correct tax status / FATCA/ CRS classification. You
may seek advice from your tax advisor in this regard.
Please note that you may receive more than one request for information if you have
multiple relationships with Axis MF or its group entities. Therefore, it is important
that you respond to our request, even if you believe you have already supplied any
previously requested information.
FATCA & CRS INSTRUCTIONS:
If you have any questions about your tax residency, please contact your tax advisor.
If you are a US citizen or resident or green card holder, please include United States
in the foreign country information field along with your US Tax Identification
Number. It is mandatory to supply a TIN or functional equivalent if the country in
which you are tax resident issues such identifiers. If no TIN is yet available or has
not yet been issued, please provide an explanation and attach this to the form.
Investors are requested to provide all the necessary information / declarations to
facilitate compliance, considering India’s commitment to implement FATCA and
CRS under the relevant international treaties.
Please consult your professional tax advisor for further guidance on your tax
residency, if required.
24. Submission of Aadhar Number
25. E-mail Communication
26. Declaration for Creating New Folio
27. Legal Entity Identifier no updation
Pursuant to requirement under Prevention of Money Laundering (Maintenance of Records) Rules, 2005 as amended from time to time, proof of possession of Aadhar can be accepted
as a valid document for proof of address or proof of identity of investors, provided the investor redact or blackout his Aadhar number while submitting the applications for investments.
The aforesaid guidelines will be subject to change as per the directives issued by the concerned regulatory/ government authority from time to time.
For further details refer to SAI.
Investors should ensure that the email id provided is that of First /Sole holder or of their Family member. Family means spouse, dependent children or dependent parents. This email
address and mobile no. provided shall be registered in the folio for all communications. In case, this section is left blank, the email id and mobile no. of the First / Sole Holder available in
the KYC records shall be registered in the folio.
If Name of the holders, Pan Proof, Bank Mandate, Address, Mode of holding & Nominee are in the same order the transaction will process under existing folio.
RBI vide circular dated January 2021 on “Introduction of Legal Entity Identifier for Large Value Transactions in Centralized Payment Systems” decided to introduce the LEI system for
all payment transactions of value INR 50 crore and above for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) from April 1, 2021. In view of the
same it will be mandatory to include 20-digit Legal Entity Identifier (LEI) information while initiating any transaction of value INR 50 crore and above by entities (non-Individual) for
purchase and redemption transaction.
Please read the SID carefully before signing the application form and tendering payment.
INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM (Contd.)
EXISTING INVESTOR’S FOLIO NUMBER (If you have an existing
folio with KYC validated, please mention here and skip to section 4)
PAN
(Mandatory)
DOB
First Applicant
1 4 d i g i t C K Y C N u m b e r
1. YOUR PERSONAL DETAILS (MANDATORY)
(In case of investment "On behalf of minor", Please refer instruction No. 11)
Address
Folio number
Single Joint (Default)
Anyone or Survivor
City
State
Pincode
D D
M M
Y Y
CKYC No.
(Optional)
Pvt. Sector Service
Occupation
Details
Public Sector Service
Govt. Service
Business Professional Agriculturist
Retired Housewife Student Forex Dealer Others
Net worth (Mandatory for Non - Individuals) `
as on
Gross Annual
Income ( )`
Below 1 Lac
1-5 Lacs 5-10 Lacs 10-25 Lacs 25 Lacs - 1 Crore > 1 Crore
D D
M M
Y Y
Application No.
Mr. Ms.
M/s.
F I R S T A P P L I C A N T
Gender
M
F
O
S p e c i f y
I / we hereby prefer to ‘OPT-IN’ to receive physical copies of scheme Annual Report or Abridged summary.
Y Y
Mobile Email ID*
Y Y
TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer Instruction No. 20)
I confirm that I am a first time investor across Mutual Funds.
I confirm that I am an existing investor across Mutual Funds.
In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the
purchase/subscription amount and payable to the Distributor. Units will be issued against the balance amount invested.
OR
You/ Sole Applicant /Guardian Second Applicant Third Applicant
Power of Attorney Holder
“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/
relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the
employee/relationship manager/sales person of the distributor/sub broker.”
BANK ACCOUNT DETAILS FOR PAYOUT
(Please note that as per SEBI Regulations it is mandatory for investors to provide their bank account details. Refer Instruction No. 6)
Name of the bank
Account No.
Branch Address
City
State
Pincode
Account type
Savings
Current
NRE NRO FCNR
Others
IFSC code (11 digit)
MICR Code (9 digit)
S p e c i f y
Distributor
ARN
Internal Sub-Broker/
Sol ID
Employee
Code
EUIN
Serial No., Date & Time Stamp
RIA CODE^
Sub-Distributor
ARN
MODE OF HOLDING (in case of Demat Purchase
Mode of Holding should be same as in Demat Account)
Unit Holding Option
Demat Mode Physical Mode
(in case of Demat, please fill sec 6)
COMMON APPLICATION FORM
(PLEASE READ THE INSTRUCTIONS BEFORE FILLING UP THE FORM. ALL SECTIONS TO BE COMPLETED IN
INK AND IN BLOCK LETTERS)
ENGLISH IN BLACK/BLUE COLOURED
Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor.
^I/We, have invested in the scheme(s) of Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in
respect of my/our investments under Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Investment Adviser. ^^I/We, have invested in the scheme(s) of
Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in respect of my/our investments under
Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Portfolio Manager.
PMR (Portfolio Manager's Registration) Number ^^
Email ID provided pertains to
(Refer Instruction No. 25)
Family Member
Self
(Note: If Email pertains to Family
Member please select any one)
Spouse Dependent Parents Dependent Children
I/ We want to create new Folio (Instruction No. 26)
LEI Code Valid up to
D D
M M
Y Y Y Y
Note: Legal Entity Identifier Number is Mandatory
for Transaction value of INR 50 crore and above for
Non-Individual investors. refer Instruction No. 27.
Gross Annual
Income ( )`
Below 1 Lac
1-5 Lacs
5-10 Lacs 10-25 Lacs
25 Lacs - 1 Crore
> 1 Crore
City
PAN
(Mandatory)
DOB
D
Third Applicant
1 4 d i g i t C K Y C N u m b e r
State
Address
Pincode
D
M M
Y Y
Gross Annual
Income (`)
Proof of the Relationship with Minor
Birth Certificate
Resident Individual FIIs NRI-NRO HUF Club / Society PIO Body Corporate
Minor Government Body Trust NRI - NRE Bank & FI Sole Proprietor Partnership Firm QFI Provident Fund
Others
School Certificate Passport Others
S p e c i f y
S p e c i f y
TAX STATUS (Applicable for First / Sole Applicant)
For Individuals
For Non-Individual Investors (Companies, Trust, Partnership etc.)
Is the company a Listed Company or Subsidiary of Listed Company or Controlled by a
Listed Company: (If No, please attach mandatory UBO Declaration)
Yes No
Foreign Exchange / Money Charger Services
Yes
No
Gaming / Gambling / Lottery / Casino Services
Yes
No
Money Lending / Pawning
Yes
No
Below 1 Lac
1-5 Lacs
5-10 Lacs 10-25 Lacs
25 Lacs - 1 Crore
> 1 Crore
Mr. Ms.
M/s.
T H I R D A P P L I C A N T
Gender
M
F
O
Y Y
City
PAN
(Mandatory)
DOB
D
GUARDIAN DETAILS (In case First / Sole Applicant is minor) / CONTACT PERSON - DESIGNATION / PoA HOLDER (In case of Non-individual Investors)
1 4 d i g i t C K Y C N u m b e r
State
Address
Pincode
D
M M
Y Y
Occupation Details
Gross Annual
Income ( )`
Pvt. Sector Service Public Sector
Govt. Service
Business
Professional
Agriculture
Retired Housewife Student Forex Dealer Others
S p e c i f y
Below 1 Lac
1-5 Lacs
5-10 Lacs 10-25 Lacs
25 Lacs - 1 Crore
> 1 Crore
G U A R D I A N
Mr. Ms.
M/s.
Gender
M
F
O
Y Y
I am a Politically Exposed Person
I am related to a Politically Exposed Person
I am not related to Politically Exposed Person
City
PAN
(Mandatory)
DOB
D
Second Applicant
1 4 d i g i t C K Y C N u m b e r
State
Address
Pincode
D
M M
Y Y
CKYC No.
(Optional)
Mr. Ms.
M/s.
S E C O N D A P P L I C A N T
Gender
M
F
O
Y Y
CKYC No.
(Optional)
Pvt. Sector Service
Occupation Details
Public Sector Service
Govt. Service
Business Professional Agriculturist
Retired Housewife Student Forex Dealer Others
S p e c i f y
Pvt. Sector Service
Occupation Details
Public Sector Service
Govt. Service
Business Professional Agriculturist
Retired Housewife Student Forex Dealer Others
S p e c i f y
CKYC No.
(Optional)
Relationship Of Guardian (Refer Instruction No. 11)
Email ID
Mother Father Court Appointed Guardian
Are you a tax resident (i.e., are you assessed for tax) in any other country outside India?
If ‘YES’ please fill for ALL countries (other than India) in which you are a Resident for tax purpose
i.e. where you are a Citizen / Resident / Green Card Holder / Tax Resident in the respective countries.
Yes
No
First Applicant / Guardian
Second Applicant
Third Applicant
Country of
Tax Residency
Tax Identification Number or
Functional Equivalent
Address Type
Resi Regd. Office Business
Resi Regd. Office Business
Resi Regd. Office Business
Identification Type
(TIN or other please specify)
FOR NON-RESIDENT
INDIANS
First Applicant / Guardian
Second Applicant
Third Applicant
2. FATCA AND CRS DETAILS FOR INDIVIDUALS (Including Sole Proprietor. Refer Instruction No. 23)
The below information is required for all applicants/guardian.
FOR RESIDENT
INDIANS
Place / City of Birth Country of Birth Country of Citizenship / Nationality
Indian
U.S. Others
Indian
U.S. Others
Indian
U.S. Others
Scheme Name
Plan
Option
[Growth/*IDCW (Dividend)
Option]
Amount
4. INVESTMENT DETAILS (For multiple schemes ref instruction no. 22) (Investors applying under Direct Plan must select "DIRECT" against scheme name, Refer Instruction No. 2.)
DirectRegular
For Non Individual investors Annexure I and Annexure II are available on the website of AMC i.e. www.axismf.com or at the Investor Service
Centres (ISCs) of Axis Mutual Fund
Overseas Address
Country
Zipcode
City
State
*The dividend amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains.
3. NOMINATION DETAILS (Mandatory) (Refer Instruction No. 18)
Nominee Name
Sr.
No.
PAN
Allocation
(%)
Relationship
with
Investor
Guardian
(in case of Minor)
Name
Guardian
Signature
I/We DO NOT wish to nominate and sign here
You/ Sole Applicant Second Applicant Third Applicant
Nominee date
of Birth
DD / MM / YY
Gender
Nominee
Contact No.
DD / MM / YY
DD / MM / YY
6. DEMAT ACCOUNT DETAILS (OPTIONAL)
(Please ensure that the sequence of names as mentioned in the application form matches with that of the A/c held with the depository participant) Refer Instruction No. 19.
NSDL:
CDSL:
Depository Participant Name
Beneficiary A/c No.
Enclosed
Client Master Transaction / Statement Copy / DIS Copy
Depository Participant Name
DP ID:
I N
Beneficiary A/c No.
5. PAYMENT DETAILS
Mode
Cheque
S p e c i f y
Pay-in A/c No.
Account type
(in words)
Drawn on bank / branch name & address
IFSC code (11 digit)
MICR Code (9 digit)
Non-Third Party Payment
Third Party Payment (Please attach 'Third Party Payment Declaration Form')
DD
Axis Bank Debit Mandate
(Please fill section 9.)
Cheque / DD No.
D D
M M
Y Y Y Y
Amount
(in figures)
Savings Current NRE NRO FCNR Others
Date
7. DECLARATION AND SIGNATURE
You/ Sole Applicant /Guardian Second Applicant Third Applicant
Power of Attorney Holder
Date
Place
Having read and understood the content of the SID / KIM of the scheme and SAI of the Axis Mutual Fund (The Fund), I/we hereby apply for units of the scheme. I have read and
understood the terms, conditions, details, rules and regulations governing the scheme. I/We hereby declare that the amount invested in the scheme is through legitimate
source only and does not involve designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directives of the provisions of the Income Tax
Act, Anti Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I/we have not received nor have
been induced by any rebate or gifts, directly or indirectly in making this investment. I/We confirm that the funds invested in the Scheme, legally belongs to me/us. In event
“Know Your Customer” process is not completed by me/us to the satisfaction of the Mutual Fund, (I/we hereby authorize the Mutual Fund, to redeem the funds invested in the
Scheme, in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such other action with such funds that may be required by
the law.) The ARN holder has disclosed to me/us all the commissions (trail commission or any other mode), payable to him for the different competing Schemes of various
Mutual Funds amongst which the Scheme is being recommended to me/ us. I / we give my / our consent to collect personal data or information as prescribed in the privacy
policy which is available on the website of the AMC / Fund. I/We hereby give consent to the Company or its Authorized Agents and third party service providers to use
information/data provided by me to contact me through any channel of communication including but not limited to email, telephone, sms, etc. and further authorise the
disclosure of the information contained herein to its affiliates/group companies or their Authorized Agents or Third Party Service Providers in order to provide information and
updates to me on various financial and investment products and offering of other services. I/We agree that all personal or transactional related information
collected/provided by me can be shared/transferred and disclosed with the above mentioned parties including with any regulatory, statutory or judicial authorities for
compliance with any law or regulation in accordance with privacy policy as available at the website of the Company.
I/We confirm that I/We do not have any existing Micro SIP/Lumpsum investments which together with the current application will result in aggregate investments exceeding
` 50,000 in a year (Applicable for Micro investment only.) with your fund house. For NRIs only - I / We confirm that I am/ we are Non Residents of Indian nationality/origin and
that I/We have remitted funds from abroad through approved banking channels or from funds in my/ our Non Resident External / Non Resident Ordinary / FCNR account.
I/We confirm that details provided by me/us are true and correct.
I/ We give my consent to Axis Asset Management Company Limited and its agents to contact me over phone, SMS, email or any other mode to address my investment related
queries and/or receive communication pertaining to transactions/ non-commercial transactions/ promotional/ potential investments and other communication/ material
irrespective of my blocking preferences with the Customer Preference Registration Facility.
I/ We hereby provide my/our consent in accordance with Aadhaar Act, 2016 and regulations made thereunder, for (i) collecting, storing and usage (ii)
validating/authenticating and (ii) updating my/ our Aadhaar number(s) (if provided) in accordance with the Aadhaar Act, 2016 (and regulations made thereunder) and
PMLA. I/ We hereby provide my/our consent for sharing/disclosing of the Aadhaar number(s) including demographic information with the asset management companies of
SEBI registered mutual fund (s)and their Registrar and Transfer Agent (RTA) for the purpose of updating the same in my/our folios with my PAN.
CERTIFICATION: I / We have understood the information requirements of this Form (read along with the FATCA & CRS Instructions) and hereby confirm that the information
provided by me/us on this Form is true, correct, and complete. I / We also confirm that I / We have read and understood the FATCA & CRS Terms and Conditions below and
hereby accept the same.
D
D
M M
Y Y Y Y
From
WE ACKNOWLEDGE YOUR APPLICATION
Cheque No.
Application No.
Stamp & Signature
Date
Amount
Scheme
Received subject to realisation, verification and conditions, an application for purchase of Units as mentioned in the application form.
8. QUICK CHECKLIST
KYC acknowledgement letter (Compulsory for MICRO Investments)
Self attested PAN card copy
Email id and mobile number provided for online transaction facility
Plan / Option / Sub Option name mentioned in addition to scheme name
SIP Registration Form for SIP investments
Multiple Bank Accounts Registration form (if you want to register multiple bank accounts so that
future payments can be made from any of the accounts)
Relationship proof between guardian and minor (if application is in the name of a minor)
FATCA Declaration
Additional documents attached for Third Party payments. Refer instruction No. 7.
9. DEBIT MANDATE
(Only for Axis Bank Account holders. Now you don't have to issue a cheque if you hold an Axis Bank Account). To be processed in CMS software under client code "AXISMF"
Account type
Current
FCNR
I/ We
N a m e o f t h e a c c o u n t h o l d e r ( s )
Specify
Amount
(in words)
to pay for the purchase of
Signature of
First Account Holder
Signature of
Second Account Holder
Application No.
authorise you to debit my/our account no.
Others
(in Figures)
D
D
M M
Y Y
Date
Y Y
Savings
NRO
NRE
Third Holder
Signature of
https://ifaconnect.
axismf.com/#/home
Transact by sending an SMS
SMS HELP To 9212010033
Transact through a
simple phone call on
8108622211
Phone Call
Axis Retirement Savings Fund - Aggressive Plan Axis Retirement Savings Fund - Dynamic Plan Axis Retirement Savings Fund - Conservative Plan
TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer Instruction No. 17)
I confirm that I am a first time investor across Mutual Funds.
I confirm that I am an existing investor across Mutual Funds.
In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the purchase/
subscription amount and payable to the Distributor. Units will be issued against the balance amount invested.
OR
Your Name (as in PAN Card / KYC records)
Mr. Ms.
M/s.
1. YOUR INFORMATION (MANDATORY)
Name of the Guardian
EXISTING INVESTOR’S FOLIO NUMBER
(If you have an existing folio with KYC validated, please mention here)
You/ Sole Applicant /Guardian Second Applicant Third Applicant
Power of Attorney Holder
Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by
the distributor. ^I/We, have invested in the scheme(s) of Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/
portfolio holdings/ NAV etc. in respect of my/our investments under Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Investment Adviser.
^^I/We, have invested in the scheme(s) of Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio holdings/
NAV etc. in respect of my/our investments under Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Portfolio Manager.
“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the
employee/ relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the
employee/relationship manager/sales person of the distributor/sub broker.”
Folio number
Your PAN
2nd Holder PAN
3rd Holder PAN
Mr. Ms.
M/s.
(In case First / Sole Applicant is minor) / Contact Person - Designation / PoA HOLDER (In case of Non-individual Investors)
Distributor
ARN
Internal Sub-Broker/
Sol ID
Employee
Code
EUIN RIA CODE^
Sub-Distributor
ARN
Stamp & Signature
ACKNOWLEDGMENT SLIP (To be filled by the investor)
Investor Name
SIP Scheme
MANDATORY FIELDS : • Instrument Date • • • Bank name • IFSC code or MICR code (as per the cheque / pass book)
• Amount (in words & in figures) • Period start date and end date or until cancelled • Account holder signature • Account holder name as per bank records. Reference 1 - PAN.
Account type Bank A/c number (core banking a/c no only)
1.
Signature Primary Account holder
Name as in bank records
2.
Signature of Account holder
Name as in bank records
3.
Signature of Account holder
Name as in bank records
I/We hereby authorize
to debit (tick )
Bank a/c number
with Bank
Name of customers bank
an amount of Rupees
PAN No.
FREQUENCY
Mthly
Qtly
H-Yrly
Yrly
As & when presented
DEBIT TYPE
Email ID
or
Reference 1
Reference 2
`
Axis Mutual Fund
SB CA CC SB-NRE SB-NRO
Other
Tick ( )
IFSC MICR
Fixed Amount
Maximum Amount
Phone No.
Bank use
UMRN
Date
Sponsor Bank Code
Utility Code
D D M M Y Y
Y Y
Bank use Bank use
CREATE
MODIFY
CANCEL
I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my accounts as per latest schedule of charges of the bank.
PERIOD
From
To
Or
Until Cancelled
D D M M Y Y Y Y
D D M M Y Y Y Y
All Schemes of Axis Mutual Fund
DO NOT FILL THE MANDATE BELOW, IF OTM DETAILS ARE PROVIDED IN SECTION 2 ON THE NEXT PAGE.
In Words
In Figures
Top-up
Yes No
INSURANCE PLUS SIP REGISTRATION FORM
for first time investors, submit Common Application form along with this form.
To register Axis One Time Mandate, please fill and submit the One Time Mandate form separately.
Application No.
This is to confirm that the declaration (as mentioned overleaf) has been carefully read, understood & made by me / us. I am authorizing the User Entity / Corporate to debit my account, based on the instructions as agreed
and signed by me.
I have understood that I am authorized to cancel / amend this mandate by appropriately communicating the cancellation / amendment request to the User entity / Corporate or the bank where I have authorized the debit.
PMR (Portfolio Manager's Registration) Number ^^
(Only Resident Individual investors aged above 18 years and not more than 51 years at time of submission
of SIP application shall be eligible for iPlus SIP.)
3. Declaration and Signature (to be signed by all unit holders if mode of holding is ‘joint’)
I / We declare that the particulars furnished here are correct. I / We authorize Axis Mutual Fund acting through its service providers to debit my / our bank account towards
payment of SIP installments and/ or any lumpsum payments through an Electronic Debit arrangement / NACH (National Automated Clearing House) as per my request from
time to time. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/We would not hold the user institution responsible. I/We
will also inform Axis Mutual Fund about any changes in my bank account. I/We hereby authorize to honour such payments and have signed and endorsed the Mandate Form.
Further, I authorize my representative (the bearer of this request) to get the above Mandate verified. Mandate verification charges, if any, may be charged to my/our
account.
I/We have read and understood terms and conditions of the insurance policy covering iPlus SIP facility offered by Axis Mutual Fund.
I here by declare that the content of the form and document has been fully explained to me and I have fully understand the significance of the proposed contract and hereby
Drawn on bank / branch name
Amount
Mode
Cheque/DD
Dated
D D
M M
Y Y Y Y
Cheque/DD
2. SIP DETAILS
Scheme / Plan / Option
OTM Reference No.
(if Multiple One Time Mandate are registered)
SIP Registration Mode
A-OTM K-OTM
Mandate along with SIP form
1. Investors are required to submit Form along with a photo copy/cancelled
cheque of Debit Bank Account at least 21 days before the first SIP Installment
date.
2. Investor shall have the option of choosing any date of the month as the SIP date
except the dates 29th, 30th and 31st. If SIP date is not mentioned, default date
would be considered as 7th of every month. If the SIP date falls on a non-
business day or a bank holiday, the SIP debit will be processed on the following
business day.
3. Please refer below table for minimum amount per installments:
Scheme Minimum Minimum
Amount (`) Installments
Retirement Savings Fund 1000 12
Note: For all schemes, minimum amount is as per above table and thereafter in
multiple of ` 1.
4. If no amount is mentioned minimum scheme amount would be considered
` 1,000/-.
5. For details about the Scheme and its facility please refer the SID, SAI & KIM of
the respective schemes / Addendum issued from time to time carefully before
investing.
6. The SIP will be discontinued automatically if payment is not received for three
successive installments.
7. Investors can discontinue a SIP at any time by sending a written request to any
Official Point of Acceptance or to the registrar Karvy. Notice of such
discontinuance should be received at least 20 days prior to the due date of the
next installment / debit.
8. Mandate will be processed through NACH platform offered by NPCI.
9. As per SEBI circular dated August 22, 2011, Transaction Charge per
subscription of ` 10,000/- and above shall be charged from the investors and
shall be payable to the distributors/ brokers (who have not opted out of
charging the transaction charge) in respect of applications routed through
distributor/broker relating to Purchases / subscription / new inflows only
(lumpsum and SIP), subject to the following:
INSTRUCTIONS FOR SIP
• For Existing / New investors: `100 / `150 as applicable per subscription of
`10,000/– and above.
• Transaction charge for SIP shall be applicable only if the total commitment
through SIP amounts to `10,000/- and above. In such cases the transaction
charge would be recovered in maximum 4 successful installments.
• There shall be no transaction charge on subscription below `10,000/-.
• There shall be no transaction charges on direct investments.
• There shall be no transaction charges for transaction other than purchases/
subscriptions relating to new inflows such as Switches, etc.
• Transactions carried out through the Stock Exchange platforms for mutual
funds shall not be subject to transaction charges.
The requirement of minimum application amount shall not be applicable if the
investment amount falls below the minimum requirement due to deduction of
transaction charges from the subscription amount.
However, the option to charge “transaction charges” is at the discretion of the
distributors.
Investors may note that distributors can opt to receive transaction charges
based on type of the Scheme. Accordingly, the transaction charges would be
deducted from the subscription amounts, as applicable.
10. Investor will not hold Axis Mutual Fund, its registrars and other service
providers responsible if the transaction is delayed or not effected or the
investor bank account is debited in advance or after the specific SIP date due to
various clearing cycles of NACH Debit/ Local/Bank holiday. Axis Mutual Fund,
its registrars and other service providers shall not be held responsible or liable
for damages / compensation / loss incurred by the investor as a result of using
the SIP or ECS / Auto debt facility. The investor assumes the entire risk of using
this facility and takes full responsibility.
11. Investor can change bank details for SIP by submitting a “CHANGE OF BANK
MANDATE - FOR SIP” form available on the website or at any Investor Service
Centre along with cancelled cheque of the new bank with the investor’s name
printed on it.
SIP initial payment details (Optional)
You/ Sole Applicant /Guardian Second Applicant Third Applicant
Monthly
Default
SIP Date 7th
From
To
or
1
2
9 9
in figures
in words
`
Frequency
SIP Date
(DD)
Enrollment Period
(MMYY)
SIP Amount
TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer Instruction No. 20)
I confirm that I am a first time investor across Mutual Funds.
I confirm that I am an existing investor across Mutual Funds.
In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the
purchase/subscription amount and payable to the Distributor. Units will be issued against the balance amount invested.
OR
Your Name (as in PAN Card / KYC records)
Mr. Ms.
M/s.
1. YOUR INFORMATION (MANDATORY)
Name of the Guardian
EXISTING INVESTOR’S FOLIO NUMBER
(If you have an existing folio with KYC validated, please mention here)
Folio number
Your PAN
2nd Holder PAN
3rd Holder PAN
Mr. Ms.
M/s.
(In case First / Sole Applicant is minor) / Contact Person - Designation / PoA HOLDER (In case of Non-individual Investors)
Stamp & Signature
ACKNOWLEDGMENT SLIP (To be filled by the investor)
Investor Name
SIP Scheme 1
MANDATORY FIELDS : • Instrument Date • • • Bank name • IFSC code or MICR code (as per the cheque / pass book) • Amount (in words & in figures) • Period start date and end date or
until cancelled • Account holder signature • Account holder name as per bank records. Reference 1 - PAN.
Account type Bank A/c number (core banking a/c no only)
1.
Signature Primary Account holder
Name as in bank records
2.
Signature of Account holder
Name as in bank records
3.
Signature of Account holder
Name as in bank records
This is to confirm that the declaration (as mentioned overleaf) has been carefully read, understood & made by me / us. I am authorizing the User Entity / Corporate to debit my account, based on the instructions as agreed and signed by me.
I have understood that I am authorized to cancel / amend this mandate by appropriately communicating the cancellation / amendment request to the User entity / Corporate or the bank where I have authorized the debit.
I/We hereby authorize
to debit (tick )
Bank a/c number
with Bank
Name of customers bank
an amount of Rupees
PAN No.
FREQUENCY
Mthly
Qtly H-
Yrly
Yrly
As & when presented
DEBIT TYPE
Email ID
or
Reference 1
Reference 2
`
Axis Mutual Fund
SB CA CC SB-NRE SB-NRO
Other
Tick ( )
IFSC
MICR
Fixed Amount
Maximum Amount
Phone No.
Bank use
UMRN
Date
Sponsor Bank Code
Utility Code
D D M M Y Y
Y Y
Bank use Bank use
CREATE
MODIFY
CANCEL
I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my accounts as per latest schedule of charges of the bank.
PERIOD
From
To
Or
Until Cancelled
D D M M Y Y Y Y
D D M M Y Y Y Y
All Schemes of Axis Mutual Fund
DO NOT FILL THE MANDATE BELOW, IF OTM DETAILS ARE PROVIDED IN SECTION 2 ON THE NEXT PAGE.
In Words
In Figures
Top-up
Yes No
SIP Scheme 2
Top-up
Yes No
SIP Scheme 3
Top-up
Yes No
To register Axis One Time Mandate, please fill and submit the One Time Mandate form separately.
You/ Sole Applicant /Guardian Second Applicant Third Applicant
Power of Attorney Holder
“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/
relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the
employee/relationship manager/sales person of the distributor/sub broker.”
Distributor
ARN
Internal Sub-Broker/
Sol ID
Employee
Code
EUIN RIA CODE^
Sub-Distributor
ARN
SIP REGISTRATION FORM
for first time investors, submit Common Application form along with this form.
Application No.
Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the
distributor. ^I/We, have invested in the scheme(s) of Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio
holdings/ NAV etc. in respect of my/our investments under Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Investment Adviser. ^^I/We, have
invested in the scheme(s) of Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in
respect of my/our investments under Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Portfolio Manager.
PMR (Portfolio Manager's Registration) Number ^^
3. Declaration and Signature (to be signed by all unit holders if mode of holding is ‘joint’)
I / We declare that the particulars furnished here are correct. I / We authorize Axis Mutual Fund acting through its service providers to debit my / our bank account towards
payment of SIP installments and/ or any lumpsum payments through an Electronic Debit arrangement / NACH (National Automated Clearing House) as per my request from
time to time. If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/We would not hold the user institution responsible. I/We will
also inform Axis Mutual Fund about any changes in my bank account. I/We hereby authorize to honour such payments and have signed and endorsed the Mandate Form.
Further, I authorize my representative (the bearer of this request) to get the above Mandate verified. Mandate verification charges, if any, may be charged to my/our account.
Drawn on bank / branch name
Amount
Mode
Cheque/DD
Dated
D D
M M
Y Y Y Y
Cheque/DD
2. SIP DETAILS
Scheme / Plan / Option
Monthly
Yearly
Default
SIP Date 7th
From
To
or
1
2
9 9
in figures
in words
`
Frequency
SIP Date
(DD)
Enrollment Period
(MMYY)
SIP Amount
Monthly
Yearly
Default
SIP Date 7th
From
To
or
1
2
9 9
in figures
in words
`
Monthly
Yearly
Default
SIP Date 7th
From
To
or
1
2
9 9
in figures
in words
`
Half Yearly
Yearly
in words
Dynamic TOP-UP
Frequency
Amount
TOP-UP Facility
(Optional) Only available for Monthly SIP
in figures
`
Half Yearly
Yearly
in words
Dynamic TOP-UP
in figures
`
Half Yearly
Yearly
in words
Dynamic TOP-UP
in figures
`
OTM Reference No.
(if Multiple One Time Mandate are registered)
SIP Registration Mode
A-OTM K-OTM
Mandate along with SIP form
INSTRUCTIONS FOR SIP & TOP-UP
SIP initial payment details (Optional)
In case of multiple SIP, mention "Axis MF Multiple Schemes" on the payment instrument.
You/ Sole Applicant /Guardian Second Applicant Third Applicant
1. Multiple Investments facility is not available for Axis Children's Gift Fund, Axis Liquid Fund,
Axis Overnight Fund, All ETF Schemes, any closed ended schemes and during NFO period.
2. Investors are required to submit Form along with a photo copy/cancelled cheque of Debit
Bank Account at least 21 days before the first SIP Installment date.
3. Investor shall have the option of choosing any date of the month as the SIP date except the
dates 29th, 30th and 31st. If SIP date is not mentioned, default date would be considered as
7th of every month. If the SIP date falls on a non-business day or a bank holiday, the SIP debit
will be processed on the following business day.
4. Please refer below table for minimum monthly/yearly installments:
Scheme Monthly Yearly
Minimum Minimum Minimum Minimum
Amount (`) Installments Amount ( ) Installments
All Schemes except below schemes, 1000 6
Axis Overnight Fund & Axis Liquid Fund
Axis Bluechip Fund, Axis Midcap Fund, 500 6 12000 3
Axis Flexi Cap Fund, Axis Smallcap
Fund, Axis Focused 25 Fund &
Axis Nifty 100 Index Fund
Axis Long Term Equity Fund* 500 6 6000 3
Note: For all schemes, minimum amount is as per above table and thereafter in multiple of ` 1.
For Long Term Equity Fund Minimum amount is as per above table and thereafter in multiple
of ` 500*.
5. If no amount is mentioned minimum scheme amount would be considered i.e. for Axis Long
Term Equity Fund minimum amount would be ` 500/- and for other schemes minimum
amount would be ` 1,000/-.
6. For details about the Scheme and its facility please refer the SID, SAI & KIM of the respective
schemes / Addendum issued from time to time carefully before investing.
7. The SIP will be discontinued automatically if payment is not received for three successive
installments.
8. Investors can discontinue a SIP at any time by sending a written request to any Official Point of
Acceptance or to the registrar M/s. KFin Technologies Private Limited. Notice of such
discontinuance should be received at least 20 days prior to the due date of the next
installment / debit.
9. Mandate will be processed through NACH platform offered by NPCI.
10. As per SEBI circular dated August 22, 2011, Transaction Charge per subscription of
` 10,000/- and above shall be charged from the investors and shall be payable to the
distributors/ brokers (who have not opted out of charging the transaction charge) in respect
of applications routed through distributor/broker relating to Purchases / subscription / new
inflows only (lumpsum and SIP), subject to the following:
• For Existing / New investors: `100 / `150 as applicable per subscription of `10,000/–
and above.
• Transaction charge for SIP shall be applicable only if the total commitment through SIP
amounts to `10,000/- and above. In such cases the transaction charge would be
recovered in maximum 4 successful installments.
• There shall be no transaction charge on subscription below `10,000/-.
• There shall be no transaction charges on direct investments.
• There shall be no transaction charges for transaction other than purchases/subscriptions
relating to new inflows such as Switches, etc.
`
• Transactions carried out through the Stock Exchange platforms for mutual funds shall not
be subject to transaction charges.
The requirement of minimum application amount shall not be applicable if the investment
amount falls below the minimum requirement due to deduction of transaction charges from
the subscription amount.
However, the option to charge “transaction charges” is at the discretion of the distributors.
Investors may note that distributors can opt to receive transaction charges based on type of
the Scheme. Accordingly, the transaction charges would be deducted from the subscription
amounts, as applicable.
11. Investor will not hold Axis Mutual Fund, its registrars and other service providers responsible
if the transaction is delayed or not effected or the investor bank account is debited in advance
or after the specific SIP date due to various clearing cycles of NACH Debit/ Local/Bank
holiday. Axis Mutual Fund, its registrars and other service providers shall not be held
responsible or liable for damages / compensation / loss incurred by the investor as a result of
using the SIP or ECS / Auto debt facility. The investor assumes the entire risk of using this
facility and takes full responsibility.
12. Investor can change bank details for SIP by submitting a “CHANGE OF BANK MANDATE -
FOR SIP” form available on the website or at any Investor Service Centre along with
cancelled cheque of the new bank with the investor’s name printed on it.
13. TOP-UP Facility: Under this facility the Investor can increase the SIP installment at pre-defined
intervals by a fixed amount or any time as per the request. This facility is available for individual
investors only. For availing the said facilities, investors are required to note the following:
• Investor willing to register TOP-UP should provide the TOP-UP details along with the SIP
enrolment details.
• The minimum amount for Axis TOP-UP facility is ` 500/- and in multiples of ` 1/- for all
schemes; except Axis Long Term Equity Fund the minimum amount is ` 500 and in
multiples of ` 500 thereafter.
• If no amount is mentioned as TOP-UP amount under frequency yearly and half-yearly,
minimum TOP-UP amount would be considered, i.e., ` 500/- for all schemes.
• TOP-UP frequencies available are Half-Yearly/ Yearly/ Dynamic requested intervals.
• In case TOP-UP frequency is not indicated, it will be considered as Yearly by Default.
• The date for Axis Mutual Fund TOP-UP Facility will correspond to the registered SIP.
• TOP-UP will continue till the End of the SIP tenure by default.
• In case an investor wishes to change the Top-Up amount, he/she has to provide a
cancellation for the existing SIP and register fresh SIP.
• Only TOP-UP cannot be discontinued anywhere during the SIP tenure.
• In case of Dynamic Top up option, any changes in the amount can be made only after
completion of 6 months from the date of the first installment and minimum gap between
two top up requests should be 3 months and amount specified in last request shall be
continued till the End of the SIP tenure.
• Please see the illustration below to know how to calculate SIP Top-Up amount:
• SIP Starts on 07/May/2016∙ SIP ends on 07/12/2099∙ SIP amount is `1000
• Top-Up amount is ` 500 ∙ Top-Up Frequency is Half-yearly
Top-Up date SIP Amount Top-Up New SIP
(`) Amount (`) Amount (`)
7-Nov-2016 1000 500 1500
7-May-2017 1500 500 2000
7-Nov-2017 2000 500 2500
7-May-2018 2500 500 3000
Stamp & Signature
ACKNOWLEDGMENT SLIP (To be filled by the investor)
ONE TIME MANDATE (OTM) FORM
Name of Applicant
PAN
Mobile No.
Email ID
Bank Name
I / We declare that the particulars furnished here are correct. I / We authorize Axis Mutual Fund acting through its service providers to debit my / our bank account towards payment
of SIP installments and/ or any lumpsum payments through an Electronic Debit arrangement / NACH (National Automated Clearing House) as per my request from time to time.
If the transaction is delayed or not effected at all for reasons of incomplete or incorrect information, I/We would not hold the user institution responsible.
I/We will also inform Axis Mutual Fund about any changes in my bank account.
I/We hereby authorize to honour such payments and have signed and endorsed the Mandate Form.
Further, I authorize my representative (the bearer of this request) to get the above Mandate verified. Mandate verification charges, if any, may be charged to my/our account.
I/ We hereby agree to read the respective SID and SAI of the mutual fund before investing in any scheme of Axis Mutual Fund using this facility.
I/ We request you to make provisions for me/ us and/ or an advisor authorized by me to be able to utilize this mandate for any transaction (not limited to SIP and/ or Lumpsum
payments) in all the folios associated with my PAN mentioned above any mode of transaction available to me time to time from Axis Mutual Fund.
I/ We give my consent to Axis Asset Management Company Limited and its agents to contact me over phone, SMS, email or any other mode to address my investment
related queries and/or receive communication pertaining to transactions/ non-commercial transactions/ promotional/ potential investments and other communication/
material irrespective of my blocking preferences with the Customer Preference Registration Facility.
Account No.
Signature of PAN Holder
(as per folio record)
D D
M M
Y Y
Dated Place
Investor Name
PAN No.
MANDATORY FIELDS : • Instrument Date • • • Bank name • IFSC code or MICR code (as per the cheque / pass book) • Amount (in words & in figures) • Period start date and end date or
until cancelled • Account holder signature • Account holder name as per bank records
Account type Bank A/c number (core banking a/c no only)
One Time Mandate (OTM) is a common application form for registration of mandate centrally and not being folio specific.
OTM registration will be PAN Based and will be available for investment in all folios available with Axis Mutual Fund for Multiple SIPs and additional purchases.
One Time Mandate is only available to HUFs, Proprietor Firms and individual investors with “Single” or "Either or Survivor" mode of holding.
1.
Signature Primary Account holder
Name as in bank records
2.
Signature of Account holder
Name as in bank records
3.
Signature of Account holder
Name as in bank records
This is to confirm that the declaration (as mentioned overleaf) has been carefully read, understood & made by me / us. I am authorizing the User Entity / Corporate to debit my account, based on the instructions as agreed and signed by me.
I have understood that I am authorized to cancel / amend this mandate by appropriately communicating the cancellation / amendment request to the User entity / Corporate or the bank where I have authorized the debit.
I/We hereby authorize
to debit (tick )
Bank a/c number
with Bank
Name of customers bank
an amount of Rupees
PAN No.
FREQUENCY
Mthly
Qtly H-
Yrly
Yrly
As & when presented
DEBIT TYPE
Email ID
or
Reference 1
Reference 2
`
Axis Mutual Fund
SB CA CC SB-NRE SB-NRO
Other
Tick ( )
IFSC
MICR
Fixed Amount
Maximum Amount
Phone No.
Bank use
UMRN
Date
Sponsor Bank Code
Utility Code
D D M M Y Y
Y Y
Bank use Bank use
CREATE
MODIFY
CANCEL
I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my accounts as per latest schedule of charges of the bank.
PERIOD
From
To
Or
Until Cancelled
D D M M Y Y Y Y
D D M M Y Y Y Y
All Schemes of Axis Mutual Fund
Investor Details (If One Time Mandate registration is not required, skip this section and only fill the NACH Mandate below.)
Y Y
In Words
In Figures
1. One Time Mandate is currently available to HUFs, Proprietor Firms and
individual investors with “Single” or "Either or Survivor" the mode of holding.
2. Registration of One Time Mandate will take 21 days from the date of
submission of form.
3. Mandate will be processed through NACH platform offered by NPCI.
4. "National Automated Clearing House (NACH)" is Direct Electronic Debit
mode implemented by National Payments Corporation of India (NPCI),
list of banks is available on NPCI website www.npci.org.in. The said list is
subject to modifications. The investor agrees to abide by the terms and
conditions of NACH Debit/ECS of Reserve Bank of India/Banks.
5. In case the Mandatory fields on the Mandate are not filled, the mandate
will be rejected.
6. Maximum Amount: The MAXIMUM AMOUNT is the per transaction
maximum limit. As investor can register for multiple SIPs with one time
NACH mandate. The transaction amount should not exceed the
maximum amount mentioned in the NACH mandate. It is suggested to
choose a higher amount to commence additional investments in future or
to absorb Top-Up increments.
7. Axis One Time Mandate cannot be utilized for Liquid schemes, ETF
schemes, closed ended schemes, and during NFO period.
8. Special instructions for EasyCall / EasySMS facility:
• Post registration, you can invest less than 2,00,000/- at a time using
EasyCall & EasySMS.
• The Distributor ARN for an EasyCall/ EasySMS transaction will be the
same as registered against the folio in which the transaction is being
done. In case a folio has multiple brokers registered, then the
EasyCall transaction is made under the Distributor ARN of the last
transaction in the folio.
• The Investor agrees that all calls received shall be eligible for same
day NAV subject to necessary formalities to be complied by the AMC
in case of transaction through EasyCall & EasySMS Facility on or
before the uniform cut off time.
• SIP is not available through Easy SMS.
• The cut off time for EasyCall transactions is 2:30pm on all business
days and if the call for transaction is received after 2:30 pm it would
be considered for the next day transaction.
• The cut off time for EasySMS transactions is 3:00 pm on all business
days and if the SMS for transaction is received after 3:00 pm it would
be considered for the next day transaction
• Requests like change in bank mandate, change of nomination,
change in mode of holding, change of address or such other requests
as the AMC may decide from time to time will not be permitted using
the EasyCall & EasySMS facility.
9. The Investor/s shall not hold the AMC liable for the following:
• For any transaction using the Facility carried out in good faith by the
AMC on instructions of the Investor/s.
• For unauthorized usage/ unauthorized transactions conducted by
using the Facility.
• For any loss or damage incurred or suffered by the Investor/s due to
any error, defect, failure or interruption in the provision of the Facility
arising from or caused by any reason whatsoever.
INSTRUCTIONS FOR ONE TIME MANDATE
• For any negligence/mistake or misconduct by the Investor/s.
• For any breach or non-compliance by the Investor/s of the rules/
terms and conditions stated in the Scheme Information Document.
• For not verifying the identity of the person giving the telephone
instructions in the Investor/s name.
• For not carrying out any such instructions where the AMC has reason
to believe (which decision of the AMC the Investor/s shall not
question or dispute) that the instructions given are not genuine or are
otherwise improper, unclear, vague or cause for doubt.
• For carrying out a transaction after such reasonable verification as
the AMC may deem fit regarding the identity of the Investor/s.
• In case of error in NAV communication.
• For accepting instructions given by any one of the Investor/s or
his/her authorized person.
10. Axis Asset Management Company Limited (AMC) has the right to ask such
information (Key Information) from the available data of the Investor/s
before allowing him/ her access to avail the One Time Mandate facility
(the Facility). If for any reason, the AMC is not satisfied with the replies of
the Investor/s, the AMC has at its sole discretion the right of refusing
access without assigning any reason/s to the Investor/s.
11. It is clarified that the Facility is only with a view to accommodate / facilitate
the Investor/s and offered at the sole discretion of the AMC. The AMC is
not bound and/or obliged in any way to give access to the Facility to
Investor/s.
12. The Investor/s shall check his/ her account records carefully and promptly.
If the Investor/s believes that there has been a mistake in any transaction
using the Facility, or that an unauthorized transaction has been effected,
the Investor/s shall notify the AMC immediately. If the Investor/s defaults in
intimating the discrepancies in the statement within a period of fifteen
days of receipt of the statements, he waives all his rights to raise the same
in favor of the AMC, unless the discrepancy/ error is apparent on the face
of it. By opting for the facility the Investor/s hereby irrevocably authorizes
and instructs the AMC to act as his/ her agent and to do all such acts as
AMC may find necessary to provide the Facility.
13. The Investor/s shall at all times be bound by any modifications and/ or
variations made to these Terms and Conditions by the AMC at their sole
discretion and without notice to them.
14. The Investor/s agrees and confirms that the AMC has the right to ask the
Investor/s for an oral or written confirmation of any transaction request
using the Facility and/ or any additional information regarding the
Account of the Investor/s.
15. The Investor/s agrees and confirms that the AMC may at its sole discretion
suspend the Facility in whole or in part at any time without prior notice.
16. The Investor/s shall not assign any right or interest or delegate any
obligation arising herein.
17. The Investor/s shall take responsibility for all the transactions conducted
by using the Facility and will abide by the record of transactions generated
by the AMC. Further, the Investor/s confirms that such records generated
by the AMC shall be conclusive proof and binding for all purposes and
may be used as evidence in any proceedings and unconditionally waives
all objections in this behalf.
18. The Investor/s agrees that use of the Facility will be deemed acceptance of
the Terms and Conditions and the Investor/s will unequivocally be bound
by these Terms and Conditions.
ACKNOWLEDGMENT SLIP (To be filled in by the investor)
First / Sole Applicant / Guardian
Third Applicant
Second Applicant
POA Holder
Having read and understood the contents of the Scheme Information Document of the Scheme(s), I / we hereby apply for units of the Scheme(s) and agree to abide by the
terms, conditions, rules and regulations governing the Scheme(s). I/ We hereby declare that the amount invested in the Scheme(s) is through legitimate sources only and does
not involve and is not designed for the purpose of the contravention of any Act, Rules, Regulations, Notifications or Directions of the provisions of the Income Tax Act, Anti
Money Laundering Laws, Anti Corruption Laws or any other applicable laws enacted by the Government of India from time to time. I / We have understood the details of the
Scheme(s) & I / we have not received nor have been induced by any rebate or gifts, directly or indirectly in making this investment. I / We confirm that the funds invested in the
Scheme(s), legally belong to me / us. In the event "Know Your Customer" process is not completed by me / us to the satisfaction of the Mutual Fund, I / we hereby authorise the
Mutual Fund, to redeem the funds invested in the Scheme(s), in favour of the applicant, at the applicable NAV prevailing on the date of such redemption and undertake such
other action with such funds that may be required by the Law.
The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of
various Mutual Funds from amongst which the Scheme is being recommended to me/us.
For NRIs only: I / We confirm that I am / we are Non Residents of Indian nationality / origin and that I / we have remitted funds from abroad through approved banking
channels or from funds in my / our Non-Resident External / Non-Resident Ordinary / FCNR account.
I / We confirm that details provided by me / us are true and correct.
Transfer Frequency (Please tick (3) any one of the below frequencies)
Daily
Weekly*
Fortnightly (Every Alternate Wednesday)
Monthly $
Quarterly $
Transfer Instalment `
No. of Instalments
D D M M Y Y D D M M Y Y
Transfer Period From
(First Instalment) (Last Instalment)
OR
Systematic Transfer Plan (STP) (Ref. Instruction 5)
1st
7th
10th
15th
25th
(Monday To Friday) Day of transfer
Applicant Details
1
1st Holder
PAN
Sole / 1st Unitholder
(as in PAN Card / KYC records)
Folio No.
Guardian’s Name
(as case of minor)
First Name
Middle Name
Last Name
1st Applicant
2nd Applicant
2nd Holder
PAN
3rd Applicant
3rd Holder
PAN
SYSTEMATIC TRANSFER PLAN (STP) (To be submitted at least 7 working days before the 1st due date for transfer).
2
Capital Appreciation Systematic Transfer Plan (CapSTP)
(Ref Instruction 6)
Transfer Frequency (Please tick (3) any one of the below frequencies)
Weekly (Monday To Friday) * Day of transfer
Monthly $
Quarterly $
1st
7th
10th
15th
25th
(Please tick (3) any one)
#
From Scheme
Option (tick ü)
Growth IDCW Reinvestment
IDCW Payout
Bonus
To Scheme
Option (tick ü)
IDCW Frequency
Plan
Direct
Regular
IDCW Frequency
Plan
Direct
Regular
Growth IDCW Reinvestment
IDCW Payout
Folio No.
Investor Name
From Scheme To Scheme
Amount
Frequency
Stamp & Signature
SYSTEMATIC TRANSFER PLAN (STP)
Application No.
TRANSACTION CHARGES FOR APPLICATIONS THROUGH DISTRIBUTORS ONLY (Refer Instruction No. 20)
I confirm that I am a first time investor across Mutual Funds.
I confirm that I am an existing investor across Mutual Funds.
In case the subscription amount is ` 10,000 or more and your Distributor has opted to receive Transaction Charges, the same are deductible as applicable from the
purchase/subscription amount and payable to the Distributor. Units will be issued against the balance amount invested.
OR
You/ Sole Applicant /Guardian Second Applicant Third Applicant
Power of Attorney Holder
“I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/ relationship
manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales
person of the distributor/sub broker.”
Distributor
ARN
Internal Sub-Broker/
Sol ID
Employee
Code
EUIN RIA CODE^
Sub-Distributor
ARN
Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investor's assessment of various factors including the service rendered by the distributor.
^I/We, have invested in the scheme(s) of Axis Mutual Fund under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in respect of
my/our investments under Direct Plan of all schemes of Axis Mutual Fund, to the above mentioned SEBI Registered Investment Adviser. ^^I/We, have invested in the scheme(s) of Axis Mutual Fund
under Direct Plan. I/We hereby give my/our consent to share/provide the transactions data feed/portfolio holdings/ NAV etc. in respect of my/our investments under Direct Plan of all schemes
of Axis Mutual Fund, to the above mentioned SEBI Registered Portfolio Manager.
PMR (Portfolio Manager's Registration) Number ^^
STP Enrolment Form - Instruction
1. The STP Enrolment Form should be completed in English and in Block Letters only. Please tick in the appropriate box, where boxes have been provided. The STP Enrolment
Form complete in all respects, should be submitted at any of the Official Points of Acceptance of Axis Mutual Fund.
2. One STP Enrolment Form can be filled for one Scheme/Plan/Option only.
3. Investors are advised to read the Key Information Memorandum(s) (KIMs) and Scheme Information Document(s) (SIDs) of the Transferee Scheme(s) and Statement of
Additional Information (SAI) carefully before investing. The SIDs / KIMs of the respective Scheme(s) andSAI are available with the ISCs of Axis Mutual Fund,
brokers/distributors and also displayed at the Axis Mutual Fund website i.e. www.axismf.com
4. Unit holders should note that unit holders’ details and mode ofholding (single, joint, anyone or survivor) in the Transferee Scheme will be as per the existing folio number
of the Transferor Scheme, Units will be allotted under the same folio number. Unit holders’ names should match with the details in the existing folio number, failing which;
the application is liable to be rejected.
5. STP offers unit holders the following two Plans:
1. Systematic Transfer Plan (STP)
2. Capital Appreciation Systematic Transfer Plan (CapSTP)
Investor’s can opt for any of the above facility.
Systematic Transfer Plan (STP) offers transfer facility at Daily, Weekly, Fortnightly, Monthly and Quarterly intervals.
Capital Appreciation STP (CapSTP) offers transfer facility at Weekly, Monthly and Quarterly intervals. If no frequency is chosen, Monthly frequency shall be treated as the
Default Frequency.
6. Under the CapSTP-Weekly Interval, unit holders will be eligible to transfer the entire capital appreciation amount (minimum 500) by way of capital appreciation from
Monday to Friday.
Monthly Interval, unit holders will be eligible to transfer the entire capital appreciation amount(minimum ` 500) by way of capital appreciation on the 1st, 7th, 10th,
15thor 25thof each month.
Under the CapSTP-Quarterly Interval, unit holders will be eligible to transfer the entire capital appreciation amount (minimum ` 1,000) by way of capital appreciation on
the 1st, 7th, 10th,15th or 25thof the first month of each quarter. The beginning of the quarter could be of any month e.g. January, March, July, September, etc. Please note
that no transfers will take place if there is no minimum capital appreciation amount (except for last transfer leading to closure of account). The capital appreciation, if any,
will be calculated from the enrolment date of the CapSTP under the folio, till the first transfer date. Subsequent capital appreciation, if any, willbe the capital appreciation
between the previous CapSTP date(where CapSTP has been processed and paid) and the next CapSTP date.
7. The provision of ‘Minimum Redemption Amount’ as specified in the Scheme Information Document(s) of the respective designated Transferor Schemes and ‘Minimum
Application Amount’ specified in the Scheme Information Document(s) of the respective designated Transferee Schemes will not be applicable for STP.
8. Unit holders are required to fill in either the number of instalments or the enrolment period in the enrolment Form, failing which the Form is liable to be rejected.
9. In case Day of Transfer has not been indicated under STP- Weekly frequency, Wednesday shall be treated as Default day.
10. In case, the Enrolment Period has been filled, but the STP Date and/or Frequency (Monthly/Quarterly) has not been indicated, Monthly frequency shall be treated as
Default frequency and 10th shall be treated as Default Date.
11. The application for STP/ Cap STP enrolment - Monthly & Quarterly Interval should be submitted at least 7 working days and not more than 90 days before the desired
commencement date.
12. Please refer below table for min. no. of installments and minimum amount per installment:
STP Frequency Cycle Date Minimum Amount* (in `) Minimum 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
If the Transferree scheme is Axis Long Term Equity Fund, minimum STP amount is ` 500.
13. In respect of STP, the Load Structure prevalent at the time of enrolment shall govern the investors during the tenure of the STP.
14. A minimum period of 7 working days shall be required for registration under STP. Units will be allotted/redeemed at the applicable NAV of the respective dates of the
Scheme on which such investments/withdrawals are sought from the Scheme.
15. The AMC reserves the right to introduce STPs at any other frequencies or on any other dates as the AMC may feel appropriate from time to time. In the event that such a day
is a Holiday, the transfer would be affected on the next Business Day.
16. The requests for discontinuation of STP/CapSTP shall be subject to an advance notice of 15 days before the next due date for STP.
17. STP will terminate automatically if all Units are liquidated or withdrawn from the account or upon the Funds’ receipt of notification of death or incapacity of the Unit holder.
Further, in case where the balance amount in a folio is less than the STP/CapSTP amount, the entire amount will be transferred to the transferee scheme.
18. If STP date/day is a non-Business Day, then the next Business Day shall be the STP Date / Day and the same will be considered for the purpose of determining the
applicability of NAV.
19. The Trustee reserves the right to change/modify the terms and conditions of the STP. For the updated terms and conditions of STP, contact the nearest ISC or visit our website
www.axismf.com
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