Axis Value Fund

(An open ended equity scheme

following a value investment strategy)

This product is suitable for investors who are seeking*:

• Capital appreciation over long term

• Investment predominantly in a portfolio of equity and equity

related securities by following a value investment strategy.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
(The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme
Characteristics or model portfolio and the same may vary post NFO when actual investments are made)
What is
value investing?

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What is value investing?

The Broad
simplistic definition
definition

The lazy definition is that anyone who They are investors interested in buying
invests in low PE stocks is a value investor stocks for less than what they are worth

!
Growth investors
also want to buy
stocks for less
than what they
are worth

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Different faces of value investing

Passive P/E, P/B, Dividend Yield

Screeners

Contrarian Stocks with strong negative over reactions

Investing

Activist Investors looking to turn around poorly managed

Investing companies with potential

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 Value style in Indian markets

Nifty 500 Value

Period Nifty 50
50 Index

CY2011 -37.7% -24.6%

Low valuations may not always show the complete
CY2012 32.1% 27.7% picture
CY2013 -14.0% 6.8%

CY2014 78.9% 31.4%

CY2015 -7.2% -4.1% Value can act as a double edged sword.

Value has not outperformed in the last 10 years,
CY2016 25.1% 3.0% hence avoiding “value traps” is very important
CY2017 47.0% 28.6%

CY2018 -26.2% 3.2%

Having a consistent thought out approach to
CY2019 -13.7% 12.0% selecting stocks can be crucial to avoid drawdowns
CY2020 8.5% 14.9%

H12021 43.7% 12.4%

Total 9.4% 11.7%

Source: Bloomberg, NSE. Past performance may or may not be sustained in future.
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Introducing
Axis Value Fund
(An open ended equity scheme following a value
investment strategy)

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Translating multiples

Low
Growth

Low Cyclical
Price/ Sales Price/ Earnings
Margins Earnings

High
Leverage

• Companies with identical price/sales in an industry may be valued differently due to leverage, margins
and volatility of business.
• Price to Earnings may not always explain the attractiveness of a company.

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Avoid value trap

Focus List: Value stocks with good

quality & company specific triggers

To make money
from value stocks Value stocks with good quality
identify stocks with
potential for re- Value only stocks:
rating.
Value Traps
Stocks which will
remain permanently
cheap,i.e. “value
traps” and should
ideally be avoided.

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Fund philosophy

Valuations Fundamentals Based Medium to Long Integrated Strong Management

term Focus Risk Management

• Look for companies • Opportunity to • Create wealth • Focus on portfolio • Execution capability
trading at lower advance ROE during through multiples re Risk and its effective
multiples in their cycles rating and playing management • Good governance
industries cycles
• Potential for earnings
• Look for growth in the long
management turn run
around, sector
dynamics shifts • Optimal levered
• Avoid highly levered
companies within a
sector or sectors
• Avoid value traps

Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of
the equity markets. For detailed investment strategy, please refer to the Scheme Information Document (SID)
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Fund investment process

Valuation Screening
• Identify companies with relatively lower valuations in their industry/sectors groups

Stock Evaluation
• Screened stocks evaluated on fundamental metrics
• Avoid value traps

Portfolio Construction
• Portfolio allocation based on the upside potential as well as risk metrics

Portfolio Monitoring
• Re-allocate from stocks once they get re-rated
• Look for emerging opportunities

Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets. For detailed investment strategy, please refer to
the Scheme Information Document (SID)

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Asset Allocation

Value Style Focused Diversified Fund

1 Diversified

2 All Cap Strategy

20%-50%
Mid & Small 3 Invest Across Sectors
Cap Equity
50-80%
Large Cap
Equity

Note: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund
manager’s view of the equity markets. For detailed asset allocation, please refer to the Scheme Information Document (SID).

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This fund is

For?
Capturing the long- Playing highly levered
term appreciation of beaten down stocks
stocks which have the Investing in deep value
potential to improve stocks for short plays
and re rate

Not For?
To play a contrarian or
a value strategy

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Why Invest?

Fundamentally driven, integrated Provide style

risk management approach diversification

An alternative route to Avoiding value

wealth creation traps

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Fund Facts

Minimum Application
Name
Rs. 5,000 and in multiples of
Axis Value Fund Re.1 thereafter

Category Benchmark
Value Scheme S&P BSE 200 TRI

Fund Manager NFO Period

Mr. Jinesh Gopani 2 nd Sept 2021 - 16 th Sept 2021

For more details please refer to the Scheme Information Document (SID).
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Disclaimer & Risk Factors

Past performance may or may not be sustained in the future.

The data/statistics / information given are to explain various concepts and general market trends in the securities market.
The information on sector(s)/stock(s)/issuer(s) mentioned in this presentation is provided on the basis of publicly available information
illustration purpose only and should not be construed as any investment advice / research report/recommendation to buy / sell / hold securities by
Axis AMC / Axis Mutual Fund. The Fund manager may or may not choose to have any present / future position in these sector(s)/stock(s)/issuer(s).
The AMC acts as Investment Manager to schemes of Axis Mutual Fund (AMF) and schemes of Axis Alternative Investment Fund – Category II & III
(AIF) and also provides Portfolio Management Services (PMS). The schemes of AMC / AIF and/ or clients under PMS may from time to time hold
long/ short positions in stock(s) referred in the presentation. For details of holdings of schemes of AMF, please visit www.axismf.com.
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 Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis
Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any
damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is
made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make
modifications and alterations to this statement as may be required from time to time.

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

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 Thank You

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