Axis India Manufacturing Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹16.16+0.50%1 day
- Return since launch
- 18.5%
- 52-week range
- ₹13.11 — ₹16.56
- AUM
- ₹5,796 Cr
Axis India Manufacturing Fund is a Thematic-Manufacturing equity fund from Axis Mutual Fund with ₹5,796 Cr under management, launched in 2023. The expense ratio is 2.07% and the SEBI riskometer reading is Very High.
Performance
Axis India Manufacturing Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +15.8% against +7.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 22.2% | +10.8 pts | 11.3% | 9.2% |
| 2Y | 15.6% | +3.9 pts | 11.7% | 8.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.2% | +1.3 pts | -2.4% | -2.8% |
| 3M | 6.7% | +3.8 pts | 2.9% | 2.7% |
| 6M | 21.1% | +3.3 pts | 17.9% | 15.0% |
| 1Y | 15.8% | +4.5 pts | 11.3% | 7.5% |
| 2Y | 4.2% | +1.7 pts | 2.5% | 0.5% |
Since launch (1 Dec 2023): 18.5%
Calendar-year returns
Category average33.2%
3.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.7% | −1.6 pts | 5.3% |
| 2024 | 33.2% | +6.6 pts | 26.6% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.08%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.58%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.43%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty India Manufacturing TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Axis India Manufacturing Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.8%
- Debt1.2%
- Other0.0%
Market cap split
- Large53.3%
- Mid22.6%
- Small24.2%
- P/E
- 39.80
- P/B
- 5.94
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | Automobile | 5.13% | ₹297 Cr | +5.06% | +5.73% | +5.28% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.77% | ₹219 Cr | +3.60% | +3.32% | +3.24% |
| Divi's Laboratories Ltd. | Healthcare | 3.47% | ₹201 Cr | +2.65% | +2.53% | +1.43% |
| Bharat Electronics Ltd. | Capital Goods | 3.01% | ₹175 Cr | +4.11% | +4.69% | +3.26% |
| Sona BLW Precision Forgings Ltd. | Automobile | 3.01% | ₹174 Cr | +2.55% | +1.44% | +0.78% |
| Reliance Industries Ltd. | Energy | 2.89% | ₹168 Cr | +3.77% | +4.21% | +3.78% |
| TVS Motor Company Ltd. | Automobile | 2.84% | ₹165 Cr | +1.66% | +2.92% | +2.44% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.53% | ₹146 Cr | +2.53% | +1.03% | +0.17% |
| Cummins India Ltd. | Capital Goods | 2.45% | ₹142 Cr | +3.06% | +2.29% | +3.17% |
| Hindalco Industries Ltd. | Metals & Mining | 2.33% | ₹135 Cr | +3.64% | +2.22% | +2.77% |
| Ather Energy Ltd. | Automobile | 2.28% | ₹132 Cr | +1.18% | +0.69% | +0.06% |
| Samvardhana Motherson International Ltd. | Automobile | 2.26% | ₹131 Cr | +2.20% | +1.53% | +1.11% |
| Craftsman Automation Ltd. | Automobile | 2.17% | ₹126 Cr | +1.89% | +1.22% | +1.20% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.13% | ₹124 Cr | +1.20% | +1.24% | +1.19% |
| GE Vernova T&D India Ltd | Capital Goods | 2.13% | ₹123 Cr | +2.59% | +2.29% | +2.33% |
| Maruti Suzuki India Ltd. | Automobile | 2.12% | ₹123 Cr | +2.42% | +2.59% | +2.82% |
| Apar Industries Ltd. | Consumer Staples | 2.05% | ₹119 Cr | +1.70% | +0.66% | +0.82% |
| TD Power Systems Ltd. | Capital Goods | 1.86% | ₹108 Cr | +0.53% | — | — |
| Sansera Engineering Ltd. | Automobile | 1.83% | ₹106 Cr | +1.49% | +1.40% | +0.43% |
| Tata Steel Ltd. | Metals & Mining | 1.69% | ₹97.93 Cr | +3.01% | +2.48% | +2.65% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.67% | ₹96.94 Cr | +1.71% | +0.96% | +1.63% |
| Bajaj Auto Ltd. | Automobile | 1.67% | ₹96.66 Cr | +1.40% | +1.79% | +1.75% |
| Hyundai Motor India Ltd. | Automobile | 1.65% | ₹95.82 Cr | +1.15% | +1.34% | +1.29% |
| Welspun Corp Ltd. | Metals & Mining | 1.50% | ₹87.08 Cr | +0.90% | +0.47% | +0.48% |
| Bharat Forge Ltd. | Automobile | 1.47% | ₹85.33 Cr | +1.63% | +0.94% | +0.82% |
| Solar Industries India Ltd. | Chemicals | 1.46% | ₹84.41 Cr | +1.91% | +1.85% | +1.43% |
| Minda Corporation Ltd. | Automobile | 1.38% | ₹80.12 Cr | +1.31% | +1.30% | +1.31% |
| Ultratech Cement Ltd. | Materials | 1.37% | ₹79.55 Cr | +1.49% | +1.70% | +2.00% |
| Premier Energies Ltd. | Energy | 1.36% | ₹78.59 Cr | +1.51% | +1.65% | +2.12% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.35% | ₹78.18 Cr | +0.36% | +0.06% | +1.76% |
| Happy Forgings Ltd. | Metals & Mining | 1.33% | ₹77.35 Cr | +0.81% | +0.82% | +0.43% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.33% | ₹76.94 Cr | +0.37% | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.27% | ₹73.85 Cr | +1.89% | +1.53% | +1.14% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.25% | ₹72.69 Cr | +1.27% | +1.31% | +2.23% |
| Others | Others | 1.20% | ₹69.51 Cr | +4.99% | +7.44% | +2.99% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.18% | ₹68.42 Cr | +0.88% | — | +0.60% |
| Pidilite Industries Ltd. | Chemicals | 1.14% | ₹66.22 Cr | +1.19% | +1.23% | +1.25% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.12% | ₹64.85 Cr | +1.10% | +1.25% | +0.48% |
| Jindal Steel Ltd. | Metals & Mining | 1.06% | ₹61.33 Cr | +1.20% | +1.02% | +1.43% |
| Schaeffler India Ltd. | Capital Goods | 1.05% | ₹60.98 Cr | +1.17% | +1.28% | +1.07% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.04% | ₹60.35 Cr | +1.23% | +1.98% | +1.64% |
| Ipca Laboratories Ltd. | Healthcare | 0.98% | ₹56.80 Cr | — | — | — |
| Sai Life Sciences Ltd. | Healthcare | 0.98% | ₹56.55 Cr | +0.30% | +0.52% | +0.65% |
| INDO-MIM Ltd. | Capital Goods | 0.96% | ₹55.87 Cr | — | — | — |
| ABB India Ltd. | Capital Goods | 0.96% | ₹55.43 Cr | +0.44% | +0.11% | +0.09% |
| Laurus Labs Ltd. | Healthcare | 0.92% | ₹53.43 Cr | +0.88% | +0.87% | — |
| Syrma SGS Technology Ltd. | Capital Goods | 0.85% | ₹49.37 Cr | +0.79% | +0.32% | — |
| Voltas Ltd. | Consumer Discretionary | 0.85% | ₹48.98 Cr | +0.47% | +0.69% | +0.71% |
| Gland Pharma Ltd. | Healthcare | 0.83% | ₹48.29 Cr | — | +0.49% | +0.50% |
| Carborundum Universal Ltd. | Metals & Mining | 0.83% | ₹48.25 Cr | +0.70% | +0.50% | +0.56% |
| Kei Industries Ltd. | Capital Goods | 0.79% | ₹45.73 Cr | +0.58% | +0.95% | +0.94% |
| Blue Star Ltd. | Consumer Discretionary | 0.77% | ₹44.84 Cr | +1.08% | +0.74% | +0.58% |
| Tenneco Clean Air India Ltd | Automobile | 0.73% | ₹42.57 Cr | +0.89% | +0.49% | — |
| company:20770 | Capital Goods | 0.73% | ₹42.19 Cr | — | — | — |
| Azad Engineering Ltd. | Capital Goods | 0.70% | ₹40.82 Cr | — | — | — |
| company:298 | Automobile | 0.68% | ₹39.41 Cr | — | +1.29% | — |
| Bosch Ltd. | Automobile | 0.64% | ₹37.16 Cr | +0.82% | +0.53% | +0.58% |
| Radico Khaitan Ltd. | Consumer Staples | 0.62% | ₹35.94 Cr | +0.53% | — | — |
| Triveni Turbine Ltd. | Construction | 0.55% | ₹32.14 Cr | +0.72% | +0.18% | +0.65% |
| Piramal Pharma Ltd. | Healthcare | 0.54% | ₹31.41 Cr | — | — | — |
| SRF Ltd. | Chemicals | 0.51% | ₹29.62 Cr | +0.59% | +0.46% | — |
| PG Electroplast Ltd. | Capital Goods | 0.48% | ₹27.89 Cr | — | +0.48% | +0.27% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 0.46% | ₹26.38 Cr | +0.14% | — | — |
| company:18263 | Capital Goods | 0.45% | ₹26.09 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 0.45% | ₹25.96 Cr | +0.48% | +0.46% | +0.50% |
| Supreme Industries Ltd. | Materials | 0.45% | ₹25.83 Cr | +0.70% | +0.81% | — |
| Avalon Technologies Ltd. | Capital Goods | 0.43% | ₹24.78 Cr | +0.51% | +0.37% | — |
| MTAR Technologies Ltd. | Capital Goods | 0.33% | ₹19.18 Cr | +0.22% | — | — |
| PI Industries Ltd. | Chemicals | 0.33% | ₹18.96 Cr | +0.42% | +0.54% | +0.94% |
| Grindwell Norton Ltd. | Metals & Mining | 0.32% | ₹18.56 Cr | +0.45% | +0.42% | +0.39% |
| company:17629 | Chemicals | 0.29% | ₹16.80 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 0.27% | ₹15.91 Cr | +0.25% | — | — |
| Voltamp Transformers Ltd. | Capital Goods | 0.24% | ₹13.96 Cr | — | +0.92% | +0.92% |
| company:20027 | Communication | 0.13% | ₹7.65 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 0.09% | ₹5.17 Cr | +0.50% | — | — |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.03% | ₹1.64 Cr | +0.03% | +0.03% | +0.03% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 2.38% | 1.17% | -1.21% |
| TD Power Systems Ltd. | 1.07% | 1.86% | +0.78% |
| company:20770 | 0.00% | 0.73% | +0.73% |
| company:298 | 0.00% | 0.68% | +0.68% |
| Ather Energy Ltd. | 1.61% | 2.28% | +0.67% |
| Torrent Pharmaceuticals Ltd. | 2.70% | 2.13% | -0.57% |
| INDO-MIM Ltd. | 0.46% | 0.96% | +0.50% |
| Mahindra & Mahindra Ltd. | 5.60% | 5.13% | -0.47% |
| Welspun Corp Ltd. | 1.05% | 1.50% | +0.45% |
| company:18263 | 0.00% | 0.45% | +0.45% |
| Asian Paints Ltd. | 0.50% | 0.09% | -0.41% |
| Apar Industries Ltd. | 1.66% | 2.05% | +0.40% |
| Coromandel International Ltd. | 0.39% | 0.00% | -0.39% |
| Happy Forgings Ltd. | 0.96% | 1.33% | +0.37% |
| Tata Steel Ltd. | 2.05% | 1.69% | -0.36% |
| Divi's Laboratories Ltd. | 3.12% | 3.47% | +0.36% |
| Gland Pharma Ltd. | 0.49% | 0.83% | +0.35% |
| Cummins India Ltd. | 2.79% | 2.45% | -0.34% |
| Blue Star Ltd. | 1.12% | 0.77% | -0.34% |
| Reliance Industries Ltd. | 3.23% | 2.89% | -0.34% |
| Hindalco Industries Ltd. | 2.65% | 2.33% | -0.32% |
| Sun Pharmaceutical Industries Ltd. | 4.09% | 3.77% | -0.32% |
| Bharat Forge Ltd. | 1.78% | 1.47% | -0.31% |
| company:17629 | 0.00% | 0.29% | +0.29% |
| DOMS Industries Ltd. | 0.28% | 0.00% | -0.28% |
| Kei Industries Ltd. | 0.53% | 0.79% | +0.26% |
| JSW Steel Ltd. | 1.53% | 1.27% | -0.25% |
| TVS Motor Company Ltd. | 3.09% | 2.84% | -0.24% |
| Sai Life Sciences Ltd. | 0.73% | 0.98% | +0.24% |
| Maruti Suzuki India Ltd. | 2.35% | 2.12% | -0.23% |
| Sansera Engineering Ltd. | 1.61% | 1.83% | +0.22% |
| Amber Enterprises India Ltd. | 0.96% | 1.18% | +0.22% |
| Bosch Ltd. | 0.80% | 0.64% | -0.16% |
| Samvardhana Motherson International Ltd. | 2.10% | 2.26% | +0.15% |
| Craftsman Automation Ltd. | 2.02% | 2.17% | +0.15% |
| Voltas Ltd. | 0.99% | 0.85% | -0.15% |
| Sona BLW Precision Forgings Ltd. | 3.15% | 3.01% | -0.14% |
| Vedanta Aluminium Metal Ltd. | 1.46% | 1.33% | -0.13% |
| Ultratech Cement Ltd. | 1.51% | 1.37% | -0.13% |
| company:20027 | 0.00% | 0.13% | +0.13% |
| Pidilite Industries Ltd. | 1.25% | 1.14% | -0.11% |
| Tata Motors Passenger Vehicles Ltd. | 0.11% | 0.00% | -0.11% |
| Azad Engineering Ltd. | 0.60% | 0.70% | +0.11% |
| Carborundum Universal Ltd. | 0.73% | 0.83% | +0.10% |
| GE Vernova T&D India Ltd | 2.03% | 2.13% | +0.10% |
| MTAR Technologies Ltd. | 0.24% | 0.33% | +0.09% |
| Hero Motocorp Ltd. | 0.08% | 0.00% | -0.08% |
| Bharat Heavy Electricals Ltd. | 2.45% | 2.53% | +0.08% |
| Schaeffler India Ltd. | 1.13% | 1.05% | -0.08% |
| PI Industries Ltd. | 0.40% | 0.33% | -0.07% |
| Ipca Laboratories Ltd. | 0.91% | 0.98% | +0.07% |
| CG Power and Industrial Solutions Ltd. | 1.20% | 1.25% | +0.06% |
| Premier Energies Ltd. | 1.41% | 1.36% | -0.05% |
| PG Electroplast Ltd. | 0.54% | 0.48% | -0.05% |
| Triveni Turbine Ltd. | 0.61% | 0.55% | -0.05% |
| Tenneco Clean Air India Ltd | 0.79% | 0.73% | -0.05% |
| Minda Corporation Ltd. | 1.43% | 1.38% | -0.05% |
| Avalon Technologies Ltd. | 0.48% | 0.43% | -0.05% |
| Bharat Petroleum Corporation Ltd. | 1.08% | 1.04% | -0.04% |
| Hyundai Motor India Ltd. | 1.69% | 1.65% | -0.04% |
| SRF Ltd. | 0.55% | 0.51% | -0.04% |
| Glenmark Pharmaceuticals Ltd. | 1.16% | 1.12% | -0.04% |
| Bharat Electronics Ltd. | 2.97% | 3.01% | +0.04% |
| Hindustan Aeronautics Ltd. | 1.71% | 1.67% | -0.03% |
| Grindwell Norton Ltd. | 0.35% | 0.32% | -0.03% |
| K.P.R. Mill Ltd. | 0.42% | 0.45% | +0.03% |
| Jindal Steel Ltd. | 1.03% | 1.06% | +0.03% |
| Piramal Pharma Ltd. | 0.52% | 0.54% | +0.02% |
| Radico Khaitan Ltd. | 0.63% | 0.62% | -0.01% |
| Anthem Biosciences Ltd. | 0.26% | 0.27% | +0.01% |
| Supreme Industries Ltd. | 0.46% | 0.45% | -0.01% |
| Syrma SGS Technology Ltd. | 0.86% | 0.85% | -0.01% |
| Voltamp Transformers Ltd. | 0.23% | 0.24% | +0.01% |
| ABB India Ltd. | 0.96% | 0.96% | -0.01% |
| Kirloskar Oil Engines Ltd. | 0.46% | 0.46% | 0.00% |
| Solar Industries India Ltd. | 1.45% | 1.46% | 0.00% |
| Bajaj Auto Ltd. | 1.67% | 1.67% | 0.00% |
| Dixon Technologies (India) Ltd. | 1.35% | 1.35% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.03% | 0.03% | 0.00% |
| Laurus Labs Ltd. | 0.92% | 0.92% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,384 Cr | 1.63% | 14.7% | 13.0% | 18.5% |
 ICICI Prudential Manufacturing Fund | ₹7,175 Cr | 2.14% | 9.7% | 10.9% | 18.0% |
 Kotak Manufacture in India Fund | ₹3,127 Cr | 2.08% | 22.5% | 15.8% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,402 Cr | 2.32% | 30.4% | 18.1% | 19.1% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹129 Cr | 0.44% | 5.4% | 10.1% | — |
 Navi Nifty India Manufacturing Index Fund | ₹86.53 Cr | 1.15% | 5.5% | 10.0% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme.
Fund managers
- Nitin AroraMr. Arora has done M.Sc in Finance and InvestmentsPrior to joining Axis Mutual Fund, he has worked with Aviva Life Insurance Company India Ltd., Emkay Global Financial Services Ltd., Nirmal Bang Institutional Equities Ltd. and Bloomberg UTV Ltd..
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months21.14% absolute | ₹60,000 | ₹72,684 | 21.14% | |
| 1 year15.84% annualised | ₹1,20,000 | ₹1,30,811 | 9.01% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Axis India Manufacturing Fund?
The NAV of Axis India Manufacturing Fund is ₹16.16 as on 25 Sep 2026.
What is the expense ratio of Axis India Manufacturing Fund?
The expense ratio of Axis India Manufacturing Fund is 2.07% per year.
What is the minimum SIP amount for Axis India Manufacturing Fund?
You can start a SIP in Axis India Manufacturing Fund with ₹3,000 a month.
Is there a lock-in or exit load on Axis India Manufacturing Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days..
How risky is Axis India Manufacturing Fund?
Axis India Manufacturing Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Manufacturing category.
Which fund house manages Axis India Manufacturing Fund?
Axis India Manufacturing Fund is managed by Axis Mutual Fund, which runs 74 schemes with ₹3,77,445 Cr under management.