Axis Asset Management Company Limited (Investment Manager) Key Information Memorandum and Application Form for Axis Mid Cap Fund (An open-ended equity scheme) Offer for Units of ` 10 Per Unit for cash during the New fund Offer Period and at NAV based prices upon re-opening New Fund Offer Opens on: 31st January, 2011 New Fund Offer Closes on: 14th February, 2011 Scheme Re-opens for continuous sale and repurchase on or before: 25th February, 2011 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. This document is dated : January 11, 2011 Name of scheme AXIS MID CAP FUND (An Open-ended equity scheme) To achieve long term capital appreciation by investing predominantly in equity & equity related instruments of mid size companies. The focus of the Investment Objective fund would be to invest in relatively larger companies within this category. Asset Allocation Pattern Type of Instrument Normal Allocation (% of net assets) of the scheme Equity and Equity Related Instruments of Mid-cap companies# of which: Larger mid-cap Companies - 75% - 100% 80% - 100% Smaller mid-cap Companies - 0 - 25% Equity and Equity Related Instruments of Non mid-cap Companies# 0% - 20% Debt and Money Market Instruments*# 0% - 20% # Including derivatives instruments to the extent of 100% of the Net Assets. * Investment in Securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 20% of the net assets of the Scheme. Investment in foreign securities to the extent of 40% of the net assets of the scheme. 'Axis Midcap Fund, an open ended equity scheme is a new scheme offered by Axis Mutual Fund and is not a minor modification of any other existing scheme/product of Axis Mutual Fund. Differentiation with Name of the existing scheme - Axis Equity Fund other existing open Asset Allocation Pattern ended equity schemes Instruments Indicative Allocation (% of net assets) of Axis Mutual Fund (as on December 31, Equity and Equity Related Instruments Minimum 80%; Maximum 100% 2010) Debt and Money Market Instruments Minimum 0%; Maximum 20% Primary Investment Objective - To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. Differentiation - Diversified portfolio predominantly consisting of equity and equity related securities AUM (` In crores) - 823.17 No. of Folios - 175917 Name of the existing scheme - Axis Tax Saver Fund Instruments Indicative Allocation (% of net assets) Equity and equity- related Securities Minimum 80; Maximum 100 Debt and money market instruments Minimum 0; Maximum 20 Primary Investment Objective - The investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. However, there can be no assurance that the investment objective of the Scheme will be achieved. Differentiation - Lock in period of 3 years from date of allotment – with tax benefits under section 80C of the Income Tax Act, 1961. AUM (` In crores) - 60.39 No. of Folios - 20141 Axis Equity Fund and Axis Tax Saver Fund seek to build a diversified portfolio of equity and equity related instruments across the entire spectrum of market capitalizations. Axis Midcap fund seeks to build a portfolio comprising primarily of equity and equity related securities of mid cap companies. Accordingly, Axis Midcap Fund is different from existing equity schemes of Axis Mutual Fund. Investment Strategy The scheme seeks to generate capital appreciation through an actively managed diversified portfolio of primarily larger mid-cap companies. Larger mid-cap companies combine the flexible, innovative, high-growth features of mid and small size companies with the proven management and liquidity of larger companies. The Fund intends to benefit from this “best of both worlds” characteristic of larger mid-cap companies. The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. Risk Profile of the Mutual Fund Units involve investment risks including the possible loss of principal. Please read the Scheme Information Document (SID) carefully for Scheme details on risk factors before investment. Scheme specific Risk Factors are summarized below: The scheme carries risks associated with investing in equity and equity related securities, derivatives, foreign Securities, debt securities, securitized debt, money market instruments, short selling and securities lending. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk and default risk. Trading volume may restrict liquidity in equity and debt investments. 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 interest rates, currency exchange rates, changes in law/policies of the government, taxation laws and political, economic or other developments. Mid & small size companies may be more volatile & less liquid than larger companies. 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. to the extent of the scheme’s investments in such securities. Please refer to the SID for further details. 1 Risk Management Following are certain risks of investing in equities identified and risk management strategies designed by Axis Mutual Fund Risk & Description specific to Equities Risk mitigants / management strategy Quality risk- Risk of investing in unsustainable/weak companies Investment universe carefully selected to only include high quality businesses Price risk- Risk of overpaying for a company “Fair value” based investment approach supported by comprehensive research Liquidity risk- High impact costs Control portfolio liquidity at portfolio construction stage Volatility- Price volatility due to company or portfolio Control risk class/sector/stock exposures to control overall portfolio volatility specific factors Event risk- Price risk due to company or sector specific event Understand businesses to respond effectively and speedily to events Usage of derivatives: Hedge portfolios, if required, in case of predictable events with uncertain outcomes Mid & small size companies may be more volatile & less liquid than larger companies. The scheme will try to lower the risk by primarily investing in larger mid cap companies which combine the high growth features of mid and small size companies with the proven management and liquidity of larger companies. Plans and Option The Scheme offers the following options: Options: (1) Growth (2) Dividend Payout (3) Dividend Reinvestment Applicable NAV (after Subscriptions/Purchases including Switch - ins: The following cut-off timings and NAVs are applicable: the scheme opens for a. where the application is received upto 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV repurchase & sale of the day of receipt of application; b. where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received - closing NAV of the next Business Day ; and c. where the application is received with an outstation cheque or demand draft which is not payable on par at the place where it is received - closing NAV of day on which the cheque or demand draft is credited. Redemptions including Switch - outs: The following cut-off timings and NAVs are applicable: a. where the application received upto 3.00 pm - closing NAV of the day of receipt of application; and b. an application received after 3.00 pm - closing NAV of the next Business Day. Minimum Application Fresh Purchase Additional Purchase Redemption and Redemption Amount/Number of ` 5,000 and in multiples of ` 1 thereafter. ` 100 and in multiples of ` 1 thereafter. ` 1,000 or 100 Units or account balance whichever is lower Units For details on investments/withdrawals through Systematic Investment Plan (SIP), Systematic Withdrawal Plan(SWP) and Systematic Transfer Plan (STP) facilities, please refer to the SID. Despatch of Repurchase (Redemption) Request Within 10 working days from the receipt of the redemption request at the Authorized Centre of Axis Mutual Fund. Benchmark Index BSE Midcap Index Dividend Policy The Trustee will have the discretion to declare the dividend, subject to availability of distributable surplus calculated in accordance with the SEBI (Mutual Funds) Regulations. The actual declaration of dividend 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 dividend nor is there assurance that dividend will be paid regularly. Name of Fund Manager Pankaj Murarka Name of the Trustee Company Axis Mutual Fund Trustee Limited Performance of the This is a new scheme and does not have any performance track record. scheme Expenses of the Scheme For the New Fund Offer Period and Continuous Offer (i) Load Structure Entry load : Not Applicable (also applicable to SIP/ STP/SWP and Switches) Exit load : 1% if redeemed/switched out within 1 year from date of allotment. The above load structure will be equally applicable for special products such as switches, SIP, etc. For switches between the Growth and Dividend Option and for switches between equity schemes, no load will be charged by the scheme. 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. The Trustee/AMC reserves the right to change / modify the Load structure from a prospective date. (ii) Recurring Expenses The recurring expenses as a % of average weekly net assets of the Scheme (including the Investment Management and Advisory Fees) shall be as per the limits prescribed under the SEBI (MF) Regulations. These are as follows: On the first ` 100 crores - 2.50%; On the next ` 300 crores - 2.25%; On the next ` 300 crores – 2.00%; On the balance of assets - 1.75% Waiver of Load for Direct Not applicable 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 advisors with Investors Unitholders 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 and will be published in 2 newspapers. NAV can also be viewed on www.axismf.com and (NAV) Publication www.amfiindia.com For Investor Grievances Registrar - Karvy Computershare Private Limited, Unit - Axis Mutual Fund, Karvy Plaza, H No 8-2-596, Street 1, Banjara Hills, Hyderabad 34. please contact Tel 040 2331 2454 Fax 040 2331 1968 Axis Mutual Fund - Mr Milind Vengurlekar, 11th Floor, Nariman Bhavan, Vinay K Shah Marg, Nariman Point, Mumbai 400 021. Tel 022 3940 3300 Toll Free 1800 3000 3300 Fax 022 2204 0130 E-mail firstname.lastname@example.org Web www.axismf.com Unithholder’s Account Statements: An account statement reflecting the number of Units allotted shall be dispatched to the Unit Holder by ordinary post / courier/ Information 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 application during NFO. (iii) In case of SIP/STP/SWP - within 10 working days from the end of quarter (March, June, September and December). However, the first account statement under SIP/STP/SWP shall be issued within 10 working days of the initial investment/withdrawal and in case of specific request, the account statement shall be despatched within 5 working days from 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 during the last six months prior to the date of generation of account statements. The account statements in such cases may be generated and issued 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 from the 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 one National 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 unaudited 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). Date: January 5, 2011 2 INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM Please read the SID carefully before signing the application form and tendering payment. 1. GENERAL INSTRUCTIONS Documents to be submitted for exceptional cases 1. The application form should be completed in ENGLISH and in BLOCK LETTERS only. a. KYC is mandatory for all investors (guardian in case of minor) and the person making the payment i.e. 2. All cheques, demand drafts and pay orders should be crossed “Account Payee only” and made in the third party. Investors and the person making the payment should attach their valid KYC favour of “scheme name A/c First investor name” or “Scheme name A/c Permanent Account no”. acknowledgement letter to the application form. 3. The default option shall be as specified in SID/KIM. b. Submission of a separate, complete and valid ‘Third Party Payment Declaration Form' from the investors 4. For any changes / alterations, please authenticate the same by canceling the original entry, re-entering (guardian in case of minor) and the person making the payment i.e. third party. The said Declaration correct details and ensuring that all applicants counter-sign against each correction. 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 5. Application forms along with cheques/DDs/debit mandates* can be submitted to specified centres of website www.axismf.com for the declaration form. Axis Bank (20 locations) and Kotak Bank (52 locations) details of which are available on 5. PAN AND KYC DETAILS www.axismf.com. A) PAN 6. Investors must write the application form number / folio number on the reverse of the cheque / demand draft. Each applicant (including guardians and Power of Attorney holders) are required to submit a self attested copy of the PAN card to open a folio. The original PAN card needs to be shown at any Axis AMC 7. Investors are requested to check contents of the account statement on receipt. Any discrepancy should Investor Service Centre (ISC) for verification. be reported to the AMC / Registrar within 7 calendar days of the receipt of the statement; else contents Alternately, attestation of the PAN card may be done by a certified Financial Advisor, a Notary Public, a of the statement would be presumed to be correct and binding. Gazetted Officer or a Manager of a Bank under his / her seal and should carry the name and designation 8. Units will be allotted subject to realization of payment proceeds. of the person attesting it. In this case, the original is not required to be shown to an Axis AMC ISC. *Lumpsum applications accompanied with an Axis Bank debit mandate are to be submitted to Axis PAN requirement is exempt for investors residing in the state of Sikkim, Central Government, State Bank centres. Government, and the officials appointed by the courts e.g. Official liquidator, Court receiver etc. (under 2. DECLARATION AND SIGNATURES the category of Government) subject to AMC confirming the above mentioned status. However, this 1. Signature can be in English or in any other Indian language. would be subject to submission of necessary documents required by the AMC from time to time. PAN 2. Thumb impressions must be attested by a Magistrate / Notary Public under his / her official seal. requirement is also exempt for overseas investors (but not of Indian origin). 3. In case of HUF, the Karta needs to sign on behalf of the HUF. B) KYC COMPLIANCE WITH ANTI MONEY LAUNDERING (AML) REGULATIONS 4. Applications by minors should be signed by their guardian. All applicants (including POAs and Guardians) are now required to be KYC compliant irrespective of the 5. For Corporates, signature of the Authorised Signatory (from the Authorised Signatory List (ASL)) is amount of investment. A KYC acknowledgement letter is given to all those who have already applied for required. KYC. This letter is sufficient proof of KYC compliance and can be submitted along with the application for opening a Zero Balance Folio. 3. PAYMENTS In case you are not KYC certified, please fill in the enclosed KYC form (for individuals). In case of multiple 1. The AMC intends using electronic payment services (like NEFT, RTGS, ECS (Credits) etc.) to the extent applicants, please ensure that each applicant submits a separate KYC application form or, in case some possible for dividend / redemption proceeds towards ensuring faster realization of proceeds to applicants are already KYC certified, submit copies of the KYC acknowledgement letter (for those who investors. In case an investor wishes to receive payments vide cheques / demand drafts to be sent by are already KYC certified). using a postal / courier service, please provide appropriate written instructions to the AMC / Registrar 6. APPLICATIONS UNDER POWER OF ATTORNEY for the same. An applicant wanting to transact through a power of attorney must lodge the photocopy of the Power of 2. Please enclose a cancelled cheque leaf (or copy thereof) in case your investment instrument is not from Attorney (PoA) attested by a Notary Public or the original PoA (which will be returned after verification) within the same bank account as mentioned under bank account details. 30 days of submitting the Purchase Application Form / Transaction Slip at a Designated ISC / Official Point of 3. Any communication, dispatch of redemption / dividend proceeds / account statements etc. would be Acceptance, or along with the application in case of application submitted duly signed by POA holder. made by the Registrar / AMC as per reasonable standards of servicing. Applications are liable to be rejected if the power of attorney is not submitted within the aforesaid period. 4. BANK AND DETAILS 7. ELECTRONIC TRANSACTION SERVICES It is mandatory for investors to mention bank account details on the form as per directives issued by SEBI. The AMC intends to provide electronic transaction services through its website and over the phone. For details Applications without this information are liable to be rejected. The Mutual Fund / AMC reserve the right to please visit www.axismf.com. hold redemption proceeds in case requisite bank details are not submitted. 8. SIP Option to register multiple bank accounts 1. Unit Holder can enroll for the SIP by submitting duly completed SIP Application Form and one time debit The AMC / Mutual Fund have also provided a facility to investors to register multiple bank accounts. By mandate form for electronic debits. Alternatively unit holder can enroll for the SIP using EasyCall facility registering multiple bank accounts, investors can use any of their registered bank accounts to receive subject to services offered by AMC from time to time. The first investment shall be through cheque only. th th redemption / dividend proceeds. Further, these account details will be used by the AMC / Mutual Fund / R&T 2. An Investor shall have the option of choosing any date of the month as his SIP date except 29 , 30 & for verification of instruments (like cheques/DDs/POs) received at the time of subscription / purchase 31st. The minimum amount per SIP installment shall be as specified in SID / KIM. The minimum number of applications to ensure that subscription payments are received only from one of the registered bank installments under the SIP is 36. If the SIP period is not specified by the unit holder then the SIP accounts. Payments from non-registered bank accounts (called third party payments) will not be accepted enrolment will be deemed to be for perpetuity and processed accordingly. (except where permitted as per SEBI regulations). Investors are requested to avail of this facility by filling in 3. All SIP cheques / payment instructions will be of the same amount and same date (excluding first the application form for registration of multiple bank accounts available at any of our ISCs / OPAs or on our cheque). website www.axismf.com. 4. There will be a gap of 30 days between first SIP Installment and the second installment in case SIP Cheques submitted at the time of purchase should be from the beneficiary investors account or from an started during ongoing offer. account mentioned in your Multiple Bank Accounts Registration form (except for minors for amounts less 5. If the Fund fails to get the proceeds from three Installments out of a continuous series of Installments submitted at the time of initiating a SIP (Subject to a minimum under SIP i.e. 36 months), the SIP is than ` 50,000 and Corporates / non-individuals). deemed as discontinued. Demand drafts submitted at the time of subscription should be accompanied by a banker’s certificate clearly 6. Investors can discontinue the SIP facility at any time by sending a written request to any of the Official stating the investor’s name and PAN as well as mentioning that the demand draft has been issued by Point(s) of Acceptance. Notice of such discontinuance should be received at least 30 days prior to the debiting the investor’s own bank account. Pre-funded instruments issued by the bank against cash shall not due date of the next debit. be accepted for investments of ` 50,000 or more. This pre-funded instrument should also be accompanied 7. In case of “At Par” cheques, investors need to mentioned the MICR number of his actual bank branch. by a certificate from the banker giving the investor’s name, address and PAN. 8. Axis Mutual Fund reserves the right to reject any application without assigning any reason thereof. Payments made through RTGS/NEFT/NECS should be accompanied by a banker’s certificate stating that the 9. Investor will not hold Axis Mutual Fund, its registrars and other service providers responsible if the RTGS/NEFT/NECS payment has been made by debiting the investor’s own bank account along with mention transaction is delayed or not effected or the investor bank account is debited in advance or after the of the investor’s name and PAN. specific SIP date due to various clearing cycles for ECS. Third Party payments 10. Axis Mutual Fund, its registrars and other service providers shall not be responsible and liable for any When payment is made through instruments issued from an account other than that of the investor, the damages/ compensation for any loss, damage etc. incurred by the investor. The investor assumes the same is referred to as a Third Party payment. Where an investor has opted to register multiple bank accounts entire risk of using this facility and takes full responsibility. (using the ‘Multiple Bank Accounts Registration Form’), and purchase payment is made from an account 11. You can download the SIP application form and the SIP debit mandate form from our website different from what is registered, any one of the following documents need to be provided as proof along www.axismf.com or contact any of the AMC offices with the payment instrument 9. NRIs, FIIs • Banker’s certificate stating that the instrument is from the investor’s own bank account along with 1. Repatriation Basis mention of his name and PAN a. NRIs: Payment may be made either by inward remittance through normal banking channels, or from • Bank account passbook or statement mentioning the investor’s name / PAN funds held in a Non-Resident (External) Rupee Account (NRE) / Foreign Currency (Non-Resident) Restriction on acceptance of Third Party payments for subscriptions, and exceptions thereto Account (FCNR). In case Indian rupee drafts are purchased abroad or from Foreign Currency 1. In case of payments from a joint bank account, the first holder of the mutual fund folio has to be one of Accounts or Non-resident Rupee Accounts, an account debit certificate from the bank issuing the the joint holders of the bank account from which payment is made. draft confirming the debit will need to be enclosed. 2. The Asset Management Company shall not accept subscriptions with Third Party payments except in b. FIIs can pay their subscription either by inward remittance through normal banking channels or the following situations: from of funds held in Foreign Currency Account or Non-Resident Rupee Account maintained by the FII with a designated branch of an authorised dealer. a. 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 2. Non-repatriation Basis regular purchase or per SIP installment) 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 b. Where payment is made by an employer on behalf of an employee under Systematic Investment Indian rupee drafts are purchased abroad or from Foreign Currency Accounts or Non-resident Rupee Plans through payroll deductions. Accounts, an account debit certificate from the bank issuing the draft confirming the debit will need to c. Custodian on behalf of an FII or a client. be enclosed. INSTRUCTIONS FOR COMPLETING THE NOMINATION SECTION 1. Nominations can be made only by individuals, holding singly or jointly, on their own behalf singly or jointly. 6. Cancellation of nomination can be made only by those individuals who hold units on their own behalf Non-Individuals including a Society, Trust, Body Corporate, Partnership Firm, Karta of Hindu Undivided singly or jointly and who made the original nomination. (Please note that if one of the joint holders dies, Family, holder of Power of Attorney cannot nominate. If the units are held jointly, all joint holders must sign the other surviving holder cannot cancel the nomination.) on the form. 7. On cancellation of the nomination, the nomination shall stand rescinded and the Asset Management 2. A minor can also be nominated. In such a case, the name and address of the guardian of the minor Nominee Company shall not be under any obligation to transfer the units in favour of the Nominee. should be provided. If no guardian is provided, nomination of minor will be invalid. The guardian should be a 8. Nomination shall be registered only if the form is filled in completely. person other than the Unitholder. Nomination can also be in favour of the Central Government, State 9. A maximum of 3 nominees can be made. In case of multiple nominees, the percentage of allocation / share Government, a local authority, or any person designated by virtue of his office or a religious charitable trust. in favour of each of the nominees should be indicated against their name and such allocation / share 3. The Nominee shall not be a trust other than a religious or charitable trust, society, body corporate, should be in whole numbers without any decimals making a total of 100 percent. In the event of Unit partnership firm, Karta of Hindu Undivided Family or a Power of Attorney holder. A non-resident Indian can holders not indicating the percentage of allocation / share for each of the nominees, the Mutual Fund / the be a Nominee subject to the exchange controls in force from time to time. AMC, by invoking the default option, shall settle the claim equally amongst all the nominees. For multiple 4. Nomination in respect of the units stands rescinded upon the transfer of units. nomination form please contact the nearest AMC Investor Service Centre or its Registrar. The form can also 5. The nomination facility extended under the Scheme is subject to existing laws. The AMC shall, subject to be obtained from the website www.axismf.com. production of such evidence which in their opinion is sufficient, proceed to effect payment/transfer to the 10. The investor(s) by signing this nomination form is/ are deemed to have read and understood the provisions Nominee(s). Transfer of Units / payment to the Nominee(s) of the sums shall discharge the Mutual Fund / of Regulation 29 A of SEBI (Mutual Funds) Regulations, 1996, read with SEBI circular dated Feb. 16, 2004 AMC of all liability towards the estate of the deceased Unit holder and his / her / their successors / legal heirs. 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. APPLICATION FORM FOR AXIS MID CAP FUND NFO Date D D M M Y Y Application No. Form 1 Distributor Code / ARN No. Sub-distributor Code / ARN No. / Sol ID Serial Number, Date and Time Stamp ARN - 25682 Upfront commission shall be paid directly by the investor to the AMFI registered distributor based on the investors’ assessment of various factors including the service rendered by the distributor. SIP Registration by New Investor SIP Registration by Existing Investor 1 EXISTING FOLIO NUMBER Existing Investors - Please fill in sections 1, 9, 10,11 and 13 only 2 UNIT HOLDER INFORMATION Name of the First Applicant / Corporate Investor Date of Birth D D M M Y Y Age (No. of years) Y Y Mr/ Ms/ M/s/ Dr/ Minor PAN (mandatory)* Enclosed- PAN Proof KYC Letter**(mandatory, for any investment amount) Refer instruction no. 5 A & B Name of the Second Applicant Mr/ Ms/ M/s/ Dr PAN (mandatory)* Enclosed- PAN Proof KYC Letter**(mandatory, for any investment amount) Refer instruction no. 5 A & B NFO closes : 14 February, 2011 Name of the Third Applicant Mr/ Ms/ M/s/ Dr PAN (mandatory)* Enclosed- PAN Proof KYC Letter**(mandatory, for any investment amount) Refer instruction no. 5 A & B Name of the Guardian (in case of a minor) Mr/ Ms/ M/s/ Dr PAN (mandatory)* Enclosed- PAN Proof KYC Letter**(mandatory, for any investment amount) Refer instruction no. 5 A & B Name of the Power of Attorney Holder Mr/ Ms/ M/s PAN (mandatory)* Enclosed- PAN Proof KYC Letter**(mandatory, for any investment amount) Refer instruction no.5 A & B Name of the Third Party (When payment is made through instruments issued from an account other than that of the beneficiary investor) Mr/ Ms/ M/s PAN (mandatory) PAN Proof KYC Letter (mandatory, for any investment amount) Refer instruction no. 5 A & B Enclosed - Relation Declaration Form (Mandatory) 3 STATUS OF FIRST APPLICANT Resident Individual Bank HUF Proprietor Guardian Society FII Partnership Firm NRI PIO Trust Company Minor Other (specify) NFO opens : 31 January, 2011 4 MODE OF OPERATION Single Joint Anyone or Survivor (Default option is Joint) 5 OCCUPATION (of First/ Sole Applicant) Service Housewife Defence Professional Retired Business Agriculture Other (specify) 6A CONTACT DETAILS - FIRST APPLICANT/ GUARDIAN/ CORPORATE (PO Box address is not sufficient. Mobile number and email id is mandatory to avail of online facility.) Contact Person (In case of Non Individual Investor) Address City State Pincode Landline No. Mobile (Holder 1) Email (Holder 1) Mobile (Holder 2) Email (Holder 2) Mobile (Holder 3) Email (Holder 3) 6B OVERSEAS ADDRESS (Mandatory in case of NRIs/ FIIs) (PO Box address is not sufficient. Investors residing overseas & with PO Box address must provide their Indian address) Address City State Pincode Mobile Landline No. Email 7 CONTACT & ADDRESS OF POWER OF ATTORNEY HOLDER (PO Box address is not sufficient) Address City State Pincode Mobile Landline No. Email AXIS MUTUAL FUND - ACKNOWLEDGMENT SLIP (To be filled in by the investor) Application No. Received from Mr/ Ms/ M/s/ Dr an application for purchase of units in Axis Mid Cap Fund Growth Dividend Payout Dividend Re-investment for ` (in figures) on Date D D M M Y Y vide Instrument no. Stamp & Signature Form 1 8 MODE OF CORRESPONDENCE (Where the investor has provided his e-mail id, the AMC shall send all communication to the investor via e-mail. Investors who wish to receive correspondence ). Email communication will help save paper & the planet. I/ We wish to receive all communication through physical mode in lieu of email. through physical mode instead of e-mail are requested to ü 9 BANK ACCOUNT DETAILS OF FIRST / SOLE APPLICANT (Refer “Bank Details” under Instructions. Please enclose a copy of a cancelled cheque.) Multiple Bank Accounts Registration form available at www.axismf.com. Name of Bank Branch City State Account No. Account Holder Name Account Type Current Savings NRO NRE FCNR Others (specify) MICR code* IFSC code** Document attached (Any one) Cancelled Cheque with name pre-printed Bank statement Pass book Bank Certificate Note: In case bank details are not provided in “Multiple Bank Account Registration Form’ as default bank the above section 9 bank details shall be treated as default bank. *Mandatory for dividend payout via ECS (The 9 digit code appears on your cheque next to the cheque number) **Mandatory for credit via RTGS/ NEFT (11 digit code also found on your cheque leaf.) 10 PAYMENT OPTIONS (The first SIP transaction has to be through a cheque. Please attach a copy of cancelled cheque.) Payment Mechanism Electronic Debit (Please Complete mandate form for electronic debit form 3) Cheque/DD (Please provide details below) First SIP Transaction via Cheque No. First Cheque date D D M M Y Y Total No. of Cheques Drawn on (Bank/ Branch Name) Cheque No. From To Account Holder Name Total amount ` (In figures) inclusive of DD charges if any ` (In words) inclusive of DD charges if any DD Charges ` (In figures) if any SIP Start Date D D M M Y Y End Date (should be a minimum of 3 years from the start date) D D M M Y Y No. of Installments Monthly SIP amount ` (in figures) ` (in words) (SIP unavailable on dates 29th, 30th, and 31st of every month) 11 INVESTMENT DETAILS (Please tick ü the appropriate option in which you wish to invest.) Axis Mid Cap Fund Growth Dividend Payout Dividend Re-investment 12 NOMINATION DETAILS In case Nominee is a Minor I / We do hereby Name of Guardian nominate the under mentioned person to receive the units to my / our credit in this folio Address of Guardian no. in the event of my / our death. I / We also understand that all payments and settlements made to such Nominee, and signature of the Nominee acknowledgment receipt thereof shall be a valid discharge by the AMC / Mutual Fund / Trustee. Date of Birth D D M M Y Y Y Y Signature of Guardian Nominee's Name In case of more than one nominee, kindly submit multiple nomination (maximum 3 nominees) Relationship forms. Extra nomination forms can be obtained from the nearest ISC or Registrar or from the Address AMC website. 13 DECLARATION AND SIGNATURES Having read and understood the content of the SID / SAI of the scheme, I / we hereby apply for units of the scheme. I have read and understood the terms, conditions, 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 understood the details of the Scheme & 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 / First / Sole Applicant / Guardian Second Applicant 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 (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. I/We confirm the I/We do not have any existing Micro SIP investments which together with the current application will result in aggregate investments exceeding ` 50,000 in a year (Applicable for Micro SIP investment only). 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 Third Applicant Power of Attorney Holder account. I / We confirm that details provided by me / us are true and correct. CHECKLIST Documents as listed below are to be submitted along with the Application Form (as applicable to your specific case) Document submitted. Sr Documents Individuals Companies Trusts Societies Partnership FIIs NRIs Investments ) Kindly (ü No Firms through POA 1 Resolution / Authorisation to invest üüü üü 2 List of Authorised Signatories with Specimen Signature(s) üüü üü ü 3 Memorandum & Articles of Association ü 4 Trust Deed ü 5 Bye-Laws ü 6 Partnership Deed ü 7 Notarised Power of Attorney ü 8 Account Debit Certificate in case payment is made by DD from NRE / FCNR A/c where applicable üü 9 PAN Proof (not required for existing investors) ü üüü üüü ü 10 KYC acknowledgment letter (required if not already submitted, accept for Micro SIP) ü üüü üüü ü 11 Copy of cancelled cheque ü üüü üüü ü All documents in 1 to 6 above should be originals or true copies certified by the Director / Trustee / Company Secretary / Authorised Signatory / Notary Public / Partner as applicable. Originals will be handed over after verification. Axis Asset Management Company Limited Investment Manager to Axis Mutual Fund 11th Floor, Nariman Bhavan, Vinay K Shah Marg, Nariman Point, Mumbai 400 021, India. Tel 91 22 3940 3300 Fax 91 22 2204 0130 Toll Free 1800 3000 3300 Email email@example.com www.axismf.com ELECTRONIC DEBIT MANDATE FORM FOR Application No. Form 2 Please submit this form along with the SIP application form (i.e. Form 1) Electronic Debit facility for SIP is currently available for Account holders of all banks participating in local clearing at Agra, Ahmedabad, Allahabad, Amritsar, Anand, Asansol, Aurangabad, Bangalore, Bardhaman, Baroda, Belgaum, Bhavnagar, Bhilwara, Bhopal, Bhubaneshwar, Bijapur, Bikaner, Calicut, Chandigarh, Chennai, Cochin, Coimbatore, Cuttack, Dargeeling, Davangere, Dehradun, Delhi, Dhanbad, Durgapur, Erode, Gadag, Gangtok, Goa, Gorakhpur, Gulbarga, Guwahati, Gwalior, Haldia, Hubli, Hyderabad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jamshedpur, Jodhpur, Kakinada, Kanpur, Kolhapur, Kolkata, Kota, Lucknow, Ludhiana, Madurai, Mandya, Mangalore, Mumbai, Mysore, Nagpur, Nasik, Nellore, Patna, Pondicherry, Pune, Raichur, Raipur, Rajkot, Ranchi, Salem, Shimla, Shimoga, Sholapur, Siliguri, Surat, Thirupur, Tirupati, Trichur, Trichy, Trivandrum, Tumkur, Udaipur, Udipi, Varanasi, Vijaywada, Vizag. Account holders of the following banks Axis Bank, Bank of Baroda, Bank of India, HDFC Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, Union Bank of India and State Bank of India Authorization to pay SIP instalments through Electronic Debit Arrangement I/We hereby, authorise Axis Mutual Fund and it's authorised service provider to debit my/our bank account by Electronic Debit for the collection of SIP instalments. UNIT HOLDER INFORMATION Folio No. NFO closes : 14 February, 2011 Name of first applicant PAN Mobile E-mail Preferred messaging medium SMS - Yes No E-mail - Yes No SIP DETAILS Scheme name Axis Mid Cap Fund Option Growth Dividend Payout Dividend Re-investment SIP Start Date D D M M Y Y End Date (should be a minimum of 3 years from the start date) D D M M Y Y No. of Installments (SIP unavailable on dates 29th, 30th, and 31st of every month) Monthly SIP amount ` (in figures) ` (in words) BANK DETAILS (Please attach a copy of the cheque of below mentioned bank account with this application form.) Account holder's name Name of bank NFO opens : 31 January, 2011 Branch Account No. Account type Current Savings NRO NRE Others (specify) 9 digit MICR code (Please enter the 9 digit number that appears after your cheque number) Please specifically mention the MICR code of your bank branch in case you have a payable at par cheque book. I/ We hereby declare that the particulars given above are correct and express my willingness to pay the instalments referred above through participation in Electronic Debit arrangement. 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. Bank Account Holder (1) Bank Account Holder (2) Bank Account Holder (3) Place Date D D M M Y Y FOR BANK USE ONLY We, hereby, certify that the particulars furnished above are correct as per our records, and we, hereby, declare that a copy of this form, duly completed, has been submitted to us. Branch Date D D M M Y Y Signature of the authorised official from the bank Bank stamp AUTHORISATION OF THE BANK ACCOUNT HOLDER This is to inform you that I/ we have registered for the Electronic Debit facility and that my payment towards SIP installments shall be made from my/ our below mentioned bank account with your bank. I/ We authorise the representative carrying this ECS mandate form to get it verified and executed. I/ We hereby authorised the bank to debit verification charges if any from my / our account as mention above. Account Holder's signature Joint Account Holder's signature (As in bank records) Account number (As in bank records) 15.8% When it comes to my family, I always want more. 15.6% Larger Mid Cap There’s nothing closer to our hearts than our families. However big or small Return: 15.5% 15.4% Risk: 38.6% we are, we always want to give them the best. Be it more pocket money for kids, a bigger house for your wife, a better hotel when you travel, or a better 15.2% All Mid Caps Return: 15.1% school for your children. And to do this, in most cases, we simply require 15.0% Risk: 40.7% Return more money. 14.8% Axis Mid Cap Fund - Go for more 14.6% Smaller Mid Cap Return: 14.6% 14.4% Axis Mid Cap Fund can help you do just that. Get more for your family. Like Risk: 43.3% any other equity fund, it invests in a basket of stocks. But unlike large cap 14.2% equity funds, it invests in carefully chosen mid sized companies that have the 14.0% potential to offer more returns than the usual large blue chip companies. 38.0% 39.0% 40.0% 41.0% 42.0% 43.0% 44.0% While this means that it carries greater risk and volatility, it’s just what you Risk might need to provide for that extra that your family wants. *Defined as those with market capitalization within the range of the constituents of BSE Midcap index. Data depicted in the chart is for the period Have mid sized companies performed better than large sized 31 Dec 2005 to 31 Dec 2010. Returns are compounded annualised. Risk in the above chart stands for standard deviation. Performance and risk relate to companies? equal-weighted performance of BSE Midcap constituents. #Larger mid caps are those companies with a market cap greater than or equal to the median Mid sized companies (also called mid caps) tend to grow faster than large stock of the BSE Midcap Index. Smaller mid caps are those companies with a sized companies (also called large caps). Over time, some mid caps tend to market cap below the median of the BSE Midcap Index. Market cap based classification has been done on an annual basis. Past performance may or may transcend into large caps. The chart below compares returns of mid caps not be sustained in the future. Source of data: Bloomberg (measured by the BSE Midcap index) with large caps (measured by the BSE Sensex) for the period Apr 2003 - Dec 2010. As seen, mid caps have Suitability matrix of Axis Mid Cap Fund performed better than large caps for the said period. Why should you buy Axis Mid For a bigger home, better holidays, 1,200 ` 100 invested would have grown to: Cap Fund? bigger cars. BSE Midcap ` 868 1,000 BSE Sensex ` 666 Who should buy? Those who are willing to take more risk for more return. 800 For how long should you At least 5 years. Usually, the longer 600 invest? one remains invested, the better it is. 400 Key Features 200 Type of Scheme An Open-Ended Equity Scheme Benchmark Index BSE Midcap Index 0 Fund Manager Pankaj Murarka Apr-03 Apr-05 Apr-06 Apr-07 Apr-08 Apr-09 Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Jul-05 Jan-06 Oct-06 Jan-07 Jul-07 Oct-07 Jan-08 Jul-08 Oct-08 Jan-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jul-03 Oct-05 Jul-06 Jul-09 Fund Manager, Equity BSE MIDCAP BSE SENSEX New Fund Offer (NFO) Period 31st January 2011 to Past performance may or may not be sustained in the future. Source of data: Bloomberg 14th February 2011 Axis Mid Cap Fund focuses on risk management Load Structure Entry Load: Nil Exit Load: 1% if redeemed / There are 334 mid cap companies* to invest in today (market capitalization switched out within 1 year from ranging from ` 1,000 cr to ` 10,000 cr as on 31 Dec 2010). But Axis Mid Cap the date of allotment Fund aims to invest mainly in the larger# of these mid sized companies. These Offer Price ` 10 per unit during NFO & at are ones that are likely to grow faster compared to others in their sector and NAV based prices thereafter are backed by strong management teams to scale up their business. They are Minimum Application Amount ` 5,000 and in multiples of more favourably placed on the risk-reward spectrum as illustrated in the (for lump sum applications) ` 1 thereafter chart along side. 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). Risk Factors: All Mutual funds and securities investments are subject to market risks and there is no guarantee that the investment objective of the scheme will be achieved. The NAV of the units issued by the Mutual Fund under the scheme can go up or down depending on various factors and forces affecting securities markets. Past performance of the Sponsor, its affiliates/the AMC/the mutual fund or its schemes does not indicate the future performance of the scheme. The sponsor is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Mutual Fund Investments are subject to market risks. Please read the Scheme Information Document and Statement of Additional Information (SID & SAI) carefully before investing. Axis Mid Cap Fund is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects and returns. Terms of issue and sale and redemption of units: Issue of Units of ` 10 each for cash during the new fund offer and at NAV based prices during the ongoing offer. The scheme offers sale and redemption facility on all business days during the ongoing offer. The NAV of the scheme would be calculated for all business days. The SID & SAI/ Key Information Memorandum cum Application form are available at AMC and Registrar offices and Investor Service Centres / AMC web-site - www.axismf.com / Distributors.
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