KEY INFORMATION MEMORANDUM & COMMON APPLICATION FORM
Axis Tax Saver Fund
(An Open-ended equity-linked savings Scheme)
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.
Type of Instrument
(% of net assets)
Equity and equity- related Securities
Debt and money market instruments^
^Includes Investment in Securitized Debt up to 20% of the Net Assets of the
Scheme (as and when permitted). The Scheme will not invest in foreign
Investment in foreign securities shall not exceed 40% of the net assets of the
Scheme (as and when permitted).
#Including derivatives instruments to the extent of 100% of the Net Assets of
the scheme (as and when permitted).
The Fund will invest in a diversified portfolio of strong growth companies with
sustainable business models. Though the benchmark is BSE-200, the
investments will not be limited to the companies constituting the benchmark.
The Fund will have the flexibility to invest across the market capitalization
spectrum (i.e. Large, mid and small cap companies) and across industries/
The companies would be individually researched and selected only when the
fund management team has satisfied itself on robustness of the company’s
business model, sustainability of its competitive advantage and the credibility
of its top management team.
The Fund will endeavor that the corpus of the scheme remains fully invested in
equity and equity-related instruments at all times.
Mutual Fund Units involve investment risks including the possible loss of
principal. Please read the Scheme Information Document (SID) carefully for
details on risk factors before investment.
Scheme specific Risk Factors are summarized below:
The scheme carries risks associated with investing in e