Performance of thescheme(as on March 31, 2011)Axis Liquid Fund - Institutional PlanPeriod Scheme Returns Benchmark Returns1 year 6.60% 6.21%Since Inception 5.80% 5.25%Axis Liquid Fund - Retail PlanPeriod Scheme Returns Benchmark Returns1 year 6.40% 6.21%Since Inception 6.23% 6.11%Absolute returns for the past 2 financial yearsThis is a new scheme and does not have any performance trackrecord.6.60%6.21%6.40% 6.21%1.94% 1.54% *Inception to0.34%March 31, 2010 0.40%2009-2010* 2010-20112009-2010*Axis Liquid Fund -Institutional Plan - GrowthCrisil Liquid Fund Index(Benchmark)Axis Liquid Fund -Retail Plan - GrowthCrisil Liquid Fund Index(Benchmark)2010-2011thDate of Allotment - 9 October, 2009Past performance may or may not be sustained in future. Returnsare compounded annualized for period more than or equal to 1 year.Since inception returns are calculated on ` 1000 invested atinception. Calculations are based on Growth Option NAVs. Sinceinception returns for Institutional Plan - Growth Option & Retail Plan- Growth Option are calculated from 9thOctober 2009 & 1st March2010 respectively. Retail Plan introduced on 2nd March 2010.Expenses of the Scheme(i) Load Structure(also applicable to SIP/STP and Switches)(ii) Recurring ExpensesWaiver of Load forDirect ApplicationsTax Treatment forInvestors (Unitholders)Daily Net Asset Value(NAV) PublicationFor Investor Grievancesplease contactUnitholder’sInformationEntry load : NA; Exit load : NilNo Load (if any) will be charged on the Units allotted on reinvestment of Dividends.The above mentioned load structure shall be equally applicable to the special products such as STP, switches, etc. offered under theScheme.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 allMutual Fund Schemes. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder (AMFIregistered Distributor) directly by the investor, based on the investor's assessment of various factors including service rendered by theARN Holder.The Trustee/AMC reserve the right to change / modify the Load structure from a prospective date.The recurring expenses of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribedunder the SEBI (MF) Regulations. These are as follows:On the first ` 100 crores of the average weekly net assets - 2.25%; On the next ` 300 crores of the average weekly net assets - 2.00%;On the next ` 300 crores of the average weekly net assets - 1.75% On the balance of the assets - 1.50%;Actual expenses for the previous financial year ended March 31,2011 - 0.35% (unaudited)Not applicableInvestors are advised to refer to the paragraph on Taxation in the “Statement of Additional Information” and to consult their own taxadvisors with respect to the specific amount of tax and other implications arising out of their participation in the scheme.The NAV will be declared for all calendar days and will be publishedin 2 newspapers. NAV can also be viewed on www.axismf.comand www.amfiindia.com [You can also telephone us at 1800 30003300.]Entry load : NA; Exit load : 0.5% if redeemed/switched out within6 months from the date of allotment.The NAV will be declared on all business days and will be publishedin 2 newspapers. NAV can also be viewed on www.axismf.comand www.amfiindia.comRegistrar - Karvy Computershare Private Limited, Unit - Axis Mutual Fund, Karvy Plaza, H No 8-2-596, Street 1, Banjara Hills,Hyderabad 34. Tel 040 2331 2454 Fax 040 2331 1968Mutual Fund - Mr Milind Vengurlekar, Axis House, 1st Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai- 400025, India. Tel 022 4325 4138/ 4123 E-mail customerservice@axismf.com Fax 022 4325 5199 Toll Free 1800 3000 3300Web www.axismf.comAccount Statements: An account statement reflecting the numberof Units allotted shall be dispatched to the Unit Holder by ordinarypost / courier/ electronic mail within the following periods:(i) Within 30 days from the date of closure of NFO / acceptance ofvalid application. (ii) In case of STP - within 10 working days fromthe end of quarter (March, June, September and December).However, the first account statement under STP shall be issuedwithin 10 working days of the initial investment and in case ofspecific request, the account statement shall be despatched within5 working days from the receipt of such request without anycharges.NAAccount Statements: An account statement reflecting the numberof Units allotted shall be dispatched to the Unit Holder by ordinarypost / courier/ electronic mail within the following periods:(i) Within 30 days from the date of acceptance of valid application.(ii) Within 5 business days of closure of NFO - in case of applicationduring NFO. (iii) In case of SIP/STP - within 10 working days from theend of quarter (March, June, September and December). However,the first account statement under SIP/STP shall be issued within 10working days of the initial investment and in case of specific request,the account statement shall be despatched within 5 working daysfrom the receipt of such request (without any charges).Annual Account Statement - The Mutual Fund shall provide the Account Statement to the Unit holders who have not transacted duringthe last six months prior to the date of generation of account statements. The account statements in such cases may be generated andissued along with the Portfolio Statement or Annual Report of the Scheme.Annual Report - Scheme-wise Annual Report or an abridged summary thereof shall be mailed to all Unit Holders within four months fromthe date of closure of the relevant accounting year i.e. 31st March each year.Half yearly disclosures - The Mutual Fund shall publish a complete statement of the Scheme portfolio and the unaudited financial results,within one month from the close of each half year (i.e. 31st March and 30th September), by way of an advertisement at least, in oneNational English daily and one regional newspaper in the language of the region where the head office of the Mutual Fund is located.The Mutual Fund may opt to send the portfolio to all Unit holders in lieu of the advertisement.The Annual Report, portfolio statement and the un audited financial results will also be displayed on the website of the Mutual Fund(www.axismf.com) and Association of Mutual Funds in India (www.amfiindia.com).8
INSTRUCTIONS FOR COMPLETING THE <strong>APPLICATION</strong> <strong>FORM</strong>Please read the SID carefully before signing the application form and tendering payment.1. GENERAL INSTRUCTIONS1. The Application Form should be completed in ENGLISH and in BLOCK LETTERS only.2. All cheque, demand draft, pay orders should be crossed “Account Payee only” and made favouring “scheme nameA/c First investor name” or “Scheme name A/c Permanent Account no”.3. The default option shall be as specified in SID/KIM of respective schemes.4. For any correction / changes (if any) made on the application form, applicants are requested to authenticate thesame by canceling, entering the correct details and counter-signing the corrections by sole / all applicants.5. Application forms along with Cheques/ DDs/ Debit Mandates can be submitted to ISC’s/ OPA of KarvyComputershare and offices of Axis AMC as listed in form.6. Investors must write the Application Form number / Folio number on the reverse of the cheques/ draft accompanyingthe Application Form, if applicable.7. Investors are requested to check the contents of the account statement and any discrepancy has to be reported tothe AMC / Registrar within 7 calendar days on the receipt of the statement, else the particulars would be presumed tobe correct.8. Any application may be accepted or rejected at the sole and absolute discretion of the AMC / Trustee, withoutassigning any reason whatsoever.9. Incomplete forms are liable to be rejected.10. Please note that a non-transferable account statement will be issued for each investment.11. Units allotted are subject to realisation of cheques.12. All Unitholders who have invested/ may invest through channel distributors and intend to make their futureinvestments through the Direct route, are advised to complete the procedural formalities prescribed by AMC fromtime to time.13. Please note that there would be a cooling period of not more than 10 days in case the investor changes the bankmandate for validation and verification of bank accounts.2. DECLARATION AND SIGNATURES1. The signature can be in English or in any Indian language.2. Thumb impressions must be attested by a Magistrate / Notary Public under his / her official seal.3. In case of HUF, the Karta wiII sign on behalf of the HUF.4. Applications by minors should be signed by their guardian.5. For Corporates, Signature of Authorised Signatory from Authorised Signatory List (ASL) is required.3. PAYMENTS1. At present direct debit facility through debit mandate is available with Axis Bank.2. The AMC intends using electronic payment services (like NEFT, RTGS, ECS (Credits) and such like) to the extentpossible for dividend / redemption proceeds towards ensuring faster realization of proceeds for the investor. Tofacilitate verification of your bank account details for the purpose, please furnish the following details in the form:(a) Clearing Circle (City Name) in which your Bank branch participates.(b) MICR Code of your bank / branch (9 digit number appearing next to the cheque number on the cheque leaf)(c) IFSC Code of your bank / branch (11 character alphanumeric code, imprinted on your cheque leaf). If your cheque leafdoes not carry this, please check for the same with your local Bank branch.In case the Unit holders require these to be sent by cheque/ draft using postal/ courier service, the unit holders shallprovide appropriate instructions for the same t o the AMC/ Registrar.3. You are also requested to enclose a cancelled cheque leaf (or copy thereof) in case your investment instrument is notfrom the same bank account as mentioned in the bank mandate details in the application form.4. The AMC has put in place sufficient checks and balances but will not be liable for any wrong credits on account ofwrong information presented by the investor himself.5. The Fund may from time to time commence / discontinue Direct Credit arrangements with various banks for directcredit of redemptions / dividends. Investors would not have to submit a separate consent letter to avail of this service.The AMC would commence this operation based on the bank mandate details forwarded by the Investor.6. Any communication / despatch of redemption / dividend proceeds, account statements etc. to the unit holders wouldbe made by the Registrar / AMC in such a manner as they may consider appropriate in line with reasonable standardsof servicing.4. BANK DETAILSInvestors are requested to mention the bank account details, since the same is mandatory as per the directives issued bySEBI. Applications without this information will be deemed to be incomplete and are liable for rejection. The Mutual Fundreserves the right to hold redemption proceeds in case the requisite details are not submitted.a) Investor having multiple accountsThe Mutual Fund has also provided a facility to the investors to register multiple bank accounts. By registeringmultiple bank accounts, the investors can use any of the registered bank accounts to receive redemption / dividendproceeds. These account details will be used by the AMC / Mutual Fund / R&TA for verification of instrument used forsubscription to ensure that third party payments are not used for mutual fund subscription, except where permittedabove. Investors are requested to avail the facility of registering multiple bank accounts by filling in the ApplicationForm for Registration of Multiple Bank Accounts available at our ISCs / OPAs or on our website www.axismf.com.Investment bank cheque submitted along with subscription should be same as the beneficiary investor, or should beas per bank mandate details provided in the Multiple Bank Accounts Registration form (except for Minor less than`.50,000/- investments and Corporate/Non individuals).For Demand draft submitted by investor, would be allowed only with the required documents such as certificateissued by banker stating that Demand draft has been issued by debiting the investor bank account along withinvestor name and PAN. In case a pre-funded instrument issued by the Bank against Cash shall not be accepted forinvestments of `.50,000/- or more. This also should be accompanied by a certificate from the banker giving name,address and PAN of the person who has requested for the demand draft.• In case of RTGS/NEFT/NECS payment submitted by investor, it would be allowed only with the required documentssuch as certificate issued by banker stating the RTGS/NEFT/NECS is issued by debiting the investor bank account andwith investor name and PAN.• In case the payment submitted by the investor is from a bank other than the bank account mentioned on the'Multiple Bank Account Registration Form' the following documents needs to be provided any one of 'the paymentcheque to have the pre printed name of the holder/s, Bank statement, Pass book or Bank certificate' or elseapplication is liable for rejection.b) Restriction on Acceptance of Third Party Payments for Subscription of Unitsa) When payment is made through instruments issued from an account other than that of the beneficiary investor,the same is referred to as Third-Party payment. In case of payments from a joint bank account, the first holder ofthe mutual fund folio has to be one of the joint holders of the bank account from which payment is made.b) The Asset management Company shall not accept subscriptions with Third-Party payments except in thefollowing exceptional situations:1. Payment by Parents/Grand-Parents/related persons on behalf of a minor in consideration of natural love andaffection or as gift for a value not exceeding `.50,000/- (each regular purchase or per SIP installment)2. Payment by Employer on behalf of employee under Systematic Investment Plans through Payroll deductions.3. Custodian on behalf of an FII or a client.5. Documents to be obtained for exceptional cases:Investors submitting their applications through the above mentioned 'exceptional cases' are required to comply with thefollowing, without which applications for subscriptions for units will be rejected / not processed / refunded.(A) Mandatory KYC for all investors (guardian in case of minor) and the person making the payment i.e. third party. Inorder for an application to be considered as valid, investors and the person making the payment should attach theirvalid KYC Acknowledgement Letter to the application form.(B) Submission of a separate, complete and valid 'Third Party Payment Declaration Form' from the investors (guardian incase of minor) and the person making the payment i.e. third party. The said Declaration Form shall, inter-alia, containthe details of the bank account from which the payment is made and the relationship with the investor(s). Pleasecontact the nearest OPA/ISC of Axis Mutual Fund or visit our website www.axismf.com for the said Declaration Form.6. PAN AND KYC DETAILSPlease furnish PAN & KYC details for each applicant/unit holder, including for Guardian and / or Power of Attorney (POA)holders as explained in the paragraphs below.A) PANAs per SEBI Circular No. MRD/DoP/Cir- 05/2007 dated April 27, 2007, it is now mandatory that Permanent AccountINSTRUCTIONS FOR COMPLETING THE NOMINATION SECTION1. Nomination is mandatory for all the folios/accounts, where the mode of holding is single or the folio/account is opened byindividual without any joint holding. New subscriptions received from individuals without nomination will be rejected.2. The nomination can be made only by individuals holding units on their own behalf singly or jointly. Non-Individuals includingSociety, Trust, Body Corporate, Partnership Firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannotnominate. If the units are held jointly, all joint holders will sign the nomination form.3. Nomination will not be allowed for the folios/accounts opened by minors4. A minor can be nominated and in that event, the name and address of the guardian of the minor nominee shall be provided bythe Unitholder. If no guardian is provided, nomination of minor will be invalid. The guardian should be a person other than theUnitholder. Nomination can also be in favour of the Central Govt, State Govt, local authority, any person designated by virtueof his office or a religious charitable trust.5. The Nominee shall not be a trust other than a religious or charitable trust, society, body corporate, partnership firm, Karta ofHindu Undivided Family or a Power of Attorney holder. A non-resident Indian can be a Nominee subject to the exchangecontrols in force, from time to time.6. Nomination in respect of the units stands rescinded upon the transfer of units.7. The nomination facility extended under the Scheme is subject to existing laws. The AMC shall, subject to production of suchevidence which in their opinion is sufficient, proceed to effect the payment / transfer to the Nominee(s). Transfer of Units /payment to the nominee(s) of the sums shall discharge the Mutual Fund / AMC of all liability towards the estate of thedeceased Unit holder and his / her / their successors / legal heirs.8. The cancellation of nomination can be made only by those individuals who hold units on their own behalf singly or jointly andwho made the original nomination. (Please note that if one of the joint holder dies other surviving holder cannot cancel.)Number (PAN) issued by the IT Department would be the sole identification number for all participants transacting in thesecurities market, irrespective of the amount of transaction. Please note that furnishing of PAN with an attested copy of yourPAN Card for each applicant / unit holder is mandatory for all investments. In the absence of this, your application will berejected. The attestation of the PAN card may be done by a Notary Public or a Gazetted Officer or a Manager of a Bank or afinancial advisor under it's / his seal and should carry the name and designation of the person attesting it.PAN will not be required incase of SIP where aggregate of installments in a financial year i e April to March does not exceed `50,000. This exemption will be applicable only to investments by individuals,Non Resident Indian (NRI), minors, joint holders and sole proprietary firms (but not including Persons of Indian Origin (PIO),Hindu Undivided Family (HUF) and other categories). PAN requirement is also exempt for investors residing in the state ofSikkim, Central Government, State Government, and the officials appointed by the courts e.g. Official liquidator, Courtreceiver etc. (under the category of Government) subject to AMC confirming the above mentioned status. However, thiswould be subject to submission of necessary documents required by the AMC from time to time.Any one of the following PHOTO IDENTIFICATION documents can be submitted along with Micro SIP applications as proof ofidentification in lieu of PAN.• Voter Identity Card • Driving License • Government/ Defense identification card • Passport • Photo Ration Card• Photo Debit Card (Credit card not included because it may not be backed up by a bank account) • Employee ID cards issuedby companies registered with Registrar of Companies • Photo Identification issued by Bank Managers of ScheduledCommercial Banks / Gazetted Officer / Elected Representatives to the Legislative Assembly / Parliament • ID card issued toemployees of Scheduled Commercial / State / District Co-operative Banks • Senior Citizen / Freedom Fighter ID card issued byGovernment • Cards issued by Universities/ deemed Universities or institutes under statutes like ICAI, ICWA, ICSI •Permanent Retirement Account No (PRAN) card isssued to New Pension System (NPS) subscribers by CRA (NSDL) • Any otherphoto ID card issued by Central Government/ State Governments/ Municipal authorities/ Government organizations likeESIC/ EPFOB) KYC COMPLIANCE WITH ANTI MONEY LAUNDERING (AML) REGULATIONSWith reference to the circular 35/MEM-COR/54/10-11 dated 16th August 2010 from AMFI effective 1st January 2011. AMFICommittee on KYC based on the discussion with SEBI recommended that the current threshold limit of `.50,000 to bereduced to Nil for Individual Investors.• KYC is compulsory for all Individual, Non-individual, NRI and Channel distributor investors.*• Investors covered under this clause are - Individual retail, Corporate, Partnership Firms, Trusts, HUF, NRIs including PIOsand all individual and non individual investors of channel distributors.• Individuals shall be required to be KYC compliant for any amount of investment.Please note that it is mandatory for each applicant /unit holder to be KYC-compliant. Please enclose a copy of the KYCacknowledgement letter issued by CDSL ventures ltd with your application for investment.• Guardians to minor applicants need to be KYC compliant.• POA holders need to be KYC compliant irrespective of the amount of investment.In case you are not yet KYC-compliant, please approach a Point of service (POS) of CDSL ventures Limited obtain KYCcompliance and submit a copy of your KYC acknowledgment letter to us.* For any investment amount.7. MINORAs per the recommendations made by NISM , AMFI had circulated guidelines dated 09th February 2011 on account ofMINOR ,which will be effective from 1st April, 2011 :1. The minor shall be the first and the sole holder in an account.2. No Joint holders are allowed. In case investor provides joint holder/s details in the application, those details will not becaptured.3. Guardian in the account / folio on behalf of the minor should be either a natural guardian (i.e. father or mother) or acourt appointed legal guardian.4. Guardian should mention the relationship with minor and date of birth of the Minor on the application form.5. A document evidencing the relationship and Date of Birth of the Minor should be submitted by the Guardian alongwith application for the first time during the opening of account/Folio..Guardian can submit any of the following listed documents :a. Birth certificate of the minor orb. School leaving certificate / mark sheet of Higher Secondary Board of respective states, ICSE, CBSE etc. orc. Passport of the minor ord. Any other suitable proof evidencing the relationship.8. <strong>APPLICATION</strong>S UNDER POWER OF ATTORNEYAn 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 theApplication Form / Transaction Slip at a Designated ISC’s / Official Point of acceptance or along with the application in case ofapplication submitted duly signed by POA holder. Applications are liable to be rejected if the power of attorney is notsubmitted within the aforesaid period.9. ELECTRONIC SERVICES FACILITYThe AMC intends to provide Electronic Transaction Facility including through its website and over phone.For more details, Terms & Conditions and for availability of Online Transaction refer AMC websitewww.axismf.com and for EasyCall facility please contact the nearest AMC or Registrar.10. SIP1. Unit Holder can enroll for the SIP by submitting duly completed SIP Application Form and one time debit mandate formfor electronic debits. Alternatively unit holder can enroll for the SIP using EasyCall facility subject to services offered byAMC from time to time. The first investment shall be through cheque only.2. An Investor shall have the option of choosing any date of the month as his SIP date except dates 29th, 30th, 31st. Theminimum amount per SIP installment shall be as specified in SID / KIM. The minimum number of installments under theSIP is 36. If the SIP period is not specified by the unit holder then the SIP enrolment will be deemed to be for perpetuityand processed accordingly.3. All SIP cheques / payment instructions will be of the same amount and same date (excluding first cheque).4. There will be a gap of 30 days between first SIP Installment and the second installment in case SIP started duringongoing offer.5. If the Fund fails to get the proceeds from three Installments out of a continuous series of Installments submitted at thetime of initiating a SIP (Subject to a minimum under SIP i.e. 36 months), the SIP is deemed as discontinued.6. Investors can discontinue the SIP facility at any time by sending a written request to any of the Official Point(s) ofAcceptance. Notice of such discontinuance should be received at least 30 days prior to the due date of the next debit.7. In case of “At Par” cheques, investors need to mentioned the MICR number of his actual bank branch.8. Axis Mutual Fund reserves the right to reject any application without assigning any reason thereof.9. Investor will not hold Axis Mutual Fund, its registrars and other service providers responsible if the transaction isdelayed or not effected or the investor bank account is debited in advance or after the specific SIP date due to variousclearing cycles for ECS.10. Axis Mutual Fund, its registrars and other service providers shall not be responsible and liable for anydamages/compensation for any loss, damage etc. incurred by the investor. The investor assumes the entire risk of usingthis facility and takes full responsibility.11. You can download the SIP application form and the SIP debit mandate form from our website www.axismf.com orcontact any of the AMC offices11. NRIs, FIIsa) Repatriation Basis• NRIs : Payment may be made either by inward remittance through normal banking channels or out of funds held ina Non-Resident (External) Rupee Account (NRE) / Foreign Currency (Non-Resident) Account (FCNR). In case Indianrupee drafts are purchased abroad or from Foreign Currency Accounts or Non-resident Rupee Accounts anaccount debit certificate from the Bank issuing the draft confirming the debit will need to be enclosed.• FIIs shall pay their subscription either by inward remittance through normal banking channels or out of funds heldin Foreign Currency Account or Non-Resident Rupee Account maintained by the FII with a designated branch of anauthorised dealer.b) Non-repatriation BasisIn the case of NRIs, payment may be made either by inward remittance through normal banking channels or out offunds held in a NRE / FCNR / Non-Resident Ordinary Rupee Account (NRO). In case Indian rupee drafts are purchasedabroad or from Foreign Currency Accounts or Non-resident Rupee Accounts an account debit certificate from the Bankissuing the draft confirming the debit will need to be enclosed.9. On cancellation of the nomination, the nomination shall stand rescinded and the Asset Management Company shall not beunder any obligation to transfer the units in favour of the Nominee.10. Nomination shall be registered only if the form is filled in completely.11. Nomination will be updated at folio/account level and not at scheme level.12. Nomination can be made for maximum of 3 nominees. In case of multiple nominees, the percentage of allocation / share infavour of each of the nominees should be indicated against their name and such allocation / share should be in wholenumbers without any decimals making a total of 100 percent. In the event of Unit holders not indicating the percentage ofallocation / share for each of the nominees, the Mutual Fund / the AMC, by invoking default option shall settle the claimequally amongst all the nominees.13. The investor(s) by signing this nomination form is / are deemed to have read and understood the provisions of Regulation 29A of SEBI (Mutual Funds) Regulations, 1996, read with SEBI circular dated Feb. 16, 2004 and / or any amendments theretoor any rules / regulations framed in pursuance thereof governing the nomination facility and agree/s to be bound by thesame.14. In case of fresh nominee registrations, existing nominee details will be over written across the schemes under the folio andthis is effective 01st April 2011.15 In case investor do not wish to nominate for specific folio / account, he should fill the specific field by writing “Nominationnot required” and sign on the application form.For multiple nomination form please contact the nearest AMC office or Registrar. The form can be obtained from the websitewww.axismf.com
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