Axis Technology ETF - Mutual Funds Online

Axis Technology ETF

(An Open Ended Exchange Traded Fund tracking NIFTY IT Index)

Invest in the brightest names in IT at your pace

NFO Opens 18th March 2021

NFO Closes 23rd March 2021

Why Technology Sector?

Global Technology Demand

While many industries are slowing, demand for Global IT services has grown significantly

Demand for Global IT services

Annual Contracts Issued/ Renewed

(In USD Billion)

1,400 1,200 1,000

800 600 400 200

0

(In USD Billion)

80

70

60

50

40

30

25

20

10

CY15-20

68 CY21-23

CY14 CY15 CY16 CY17 CY18 CY19 CY20 CY21E CY22E CY23E CY24E

Source: Gartner, HDFC Sec, Axis MF Research. Data as on 28th February 2021. E- Estimates

Past performance may or may not be sustained in the future. Sector(s) mentioned above are for the purpose of illustration and should not be

construed as recommendation. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

3

Changing Frontiers

New age technologies driving incremental growth. Covid a significant trigger

? Technology platforms like cloud computing, enterprise solutions & AI are driving incremental growth for the sector ? Use of Software as a Service and other machine driven services (Hyperscalers) has grown exponentially. ? Indian companies which have invested extensively in capabilities have seen larger client additions/order wins

(USD bn)

Growing cloud ecosystem drivers - Hyperscalers & SaaS revenue trend

100

90

80

AWS Salesforce Adobe SAP Cloud ServiceNow Workday

4.2

3.6

8.9

70

60

50

40

30

20

1.2

10

2.5 4.8

0

6.7

7.8

12.4

2.8

11.2

2.1

5.9

20.3

9.0

17.1

4.3

1.6

7.3

13.3

53..93

10.5

35.0

42.6

17.5

25.7

8.4

CY15 CY16 CY17 CY18 CY19 TTM

Source: Company annual reports, HDFC Sec, Axis MF Research. Data as on 28th February 2021. TTM- Trailing Twelve Months

Past performance may or may not be sustained in the future. Sector(s) mentioned above are for the purpose of illustration and should not be

construed as recommendation. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

4

How do Indian Players Stack Up?

Pivot from traditional services paying off

Infosys and TCS have helped with large scale transformation of companies.

Enabled clients to effectively manage disruptions like the Covid-19 pandemic.

TCS: % of Revenue from Digital

40%

35%

31%

33%

30%

25% 20%

15% 13%

16%

20%

10%

5%

0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY 16 16 16 16 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 21 21 21

Infosys: % of Revenue from Digital

50% 45% 40% 35% 30%

25% 24%

20% 15% 10%

5% 0%

28%

36%

45%

Source: Goldman Sachs, Motilal, Bloomberg, Axis AMC Research. Data as on 28th February 2021.

Past performance may or may not be sustained in future. The sector(s)/stock(s)/issuer(s) mentioned in this presentation should not be

construed as any research report/recommendation to buy / sell / hold.

5

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