﻿<?xml version="1.0" encoding="utf-8"?><SchemeSummaryDocument xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><SchemeSummary><Fund_Name>Axis Business Cycles Fund</Fund_Name><Option_Names_Regular__Direct>Direct IDCW-Payout,Direct IDCW-Reinvestment,Direct Growth
Regular IDCW-Payout,Regular IDCW-Reinvestment,Regular Growth</Option_Names_Regular__Direct><Fund_Type>An open ended equity scheme investing in business cycles based investing theme</Fund_Type><Riskometer_At_the_time_of_Launch>Very High</Riskometer_At_the_time_of_Launch><Riskometer_as_on_Date>Very High</Riskometer_as_on_Date><Category_as_Per_SEBI_Categorization_Circular>Thematic Fund</Category_as_Per_SEBI_Categorization_Circular><Potential_Risk_Class_as_on_date>-</Potential_Risk_Class_as_on_date><Description_Objective_of_the_scheme>To provide long term capital appreciation by investing predominantly in equity and equity related
securities with a focus on riding business cycles through dynamic allocation between various sectors
and stocks at different stages of business cycles in the economy
However, there can be no assurance that the investment objective of the Scheme will be achieved. </Description_Objective_of_the_scheme><Stated_Asset_Allocation>Equity &amp;amp; Equity related instruments selected on the basis of business cycle : 80% to 100%, Other Equity &amp;amp; Equity Related: 0% to 20%, Debt and Money Market Instruments: 0% to 20%, Units issued by InvITs: 0% to 10%</Stated_Asset_Allocation><Face_Value>10</Face_Value><NFO_Open_Date>02 Feb 2023</NFO_Open_Date><NFO_Close_date>16 Feb 2023</NFO_Close_date><Allotment_Date>22 Feb 2023</Allotment_Date><Reopen_Date>27 Feb 2023</Reopen_Date><Maturity_Date_For_closedend_funds>N/A</Maturity_Date_For_closedend_funds><Benchmark_Tier_1>Nifty 500 TRI</Benchmark_Tier_1><Benchmark_Tier_2>NA</Benchmark_Tier_2><Fund_Manager_Name>Mr. Ashish Naik</Fund_Manager_Name><Fund_Manager_Type_PrimaryComanageDescription>Mr. Ashish Naik - Primary/Domestic Equities</Fund_Manager_Type_PrimaryComanageDescription><Fund_Manager_From_Date>Mr. Ashish Naik - 22nd February</Fund_Manager_From_Date><Annual_Expense_Stated_maximum>Regular 2.37, Direct 1.63</Annual_Expense_Stated_maximum><Exit_Load_if_applicable>If redeemed / switched-out within 12 months from the date of allotment -
? For 10% of investment: Nil; For remaining investment: 1%
If redeemed/switched out after 12 months from the date of allotment: Nil</Exit_Load_if_applicable><Custodian>DEUTSCHE BANK AG</Custodian><Auditor>B S R &amp;amp; Co. LLP</Auditor><Registrar>Kfintech Ltd</Registrar><RTA_Code_To_be_phased_out>BC</RTA_Code_To_be_phased_out><Listing_Details>Unlisted</Listing_Details><ISINs>INF846K016N4|INF846K017N2|INF846K019N8|INF846K010O5|INF846K018N0|INF846K011O3</ISINs><AMFI_Codes_To_be_phased_out>151368|151369|151366|151367</AMFI_Codes_To_be_phased_out><SEBI_Codes>AXIS/O/E/THE/22/12/0070</SEBI_Codes><Minimum_Application_Amount>100</Minimum_Application_Amount><Minimum_Application_Amount_in_multiples_of_Rs>1</Minimum_Application_Amount_in_multiples_of_Rs><Minimum_Additional_Amount>100</Minimum_Additional_Amount><Minimum_Additional_Amount_in_multiples_of_Rs>1</Minimum_Additional_Amount_in_multiples_of_Rs><Minimum_Redemption_Amount_in_Rs>N/A</Minimum_Redemption_Amount_in_Rs><Minimum_Redemption_Amount_in_Units>N/A</Minimum_Redemption_Amount_in_Units><Minimum_Balance_Amount_if_applicable>N/A</Minimum_Balance_Amount_if_applicable><Minimum_Balance_Amount_in_Units_if_applicable>N/A</Minimum_Balance_Amount_in_Units_if_applicable><Max_Investment_Amount>N/A</Max_Investment_Amount><Minimum_Switch_Amount_if_applicable>N/A</Minimum_Switch_Amount_if_applicable><Minimum_Switch_Units>N/A</Minimum_Switch_Units><Switch_Multiple_Amount_if_applicable>N/A</Switch_Multiple_Amount_if_applicable><Switch_Multiple_Units_if_applicable>N/A</Switch_Multiple_Units_if_applicable><Max_Switch_Amount>N/A</Max_Switch_Amount><Max_Switch_Units_if_applicable>N/A</Max_Switch_Units_if_applicable><Swing_Pricing_if_applicable>No</Swing_Pricing_if_applicable><Sidepocketing_if_applicable>Yes.</Sidepocketing_if_applicable><SIP_SWP__STP_Details_Frequency>SIP - Daily / Weekly / Monthly / Yearly SWP - Weekly / Monthly /  Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly</SIP_SWP__STP_Details_Frequency><SIP_SWP__STP_Details_Minimum_amount>SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00</SIP_SWP__STP_Details_Minimum_amount><SIP_SWP__STP_Details_In_multiple_of>1</SIP_SWP__STP_Details_In_multiple_of><SIP_SWP__STP_Details_Minimum_Instalments>SIP Daily -6, Weekly - 6, Monthly - 6/ Yearly -3               SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2                  STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.</SIP_SWP__STP_Details_Minimum_Instalments><SIP_SWP__STP_Details_Dates>SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP -  Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25</SIP_SWP__STP_Details_Dates><SIP_SWP__STP_Details_Maximum_Amount_if_any>N/A</SIP_SWP__STP_Details_Maximum_Amount_if_any></SchemeSummary></SchemeSummaryDocument>