Axis India Manufacturing Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹15.92-0.50%1 day
- Return since launch
- 17.1%
- 52-week range
- ₹13.11 — ₹16.56
- AUM
- ₹5,540 Cr
Axis India Manufacturing Fund is a Thematic-Manufacturing equity fund from Axis Mutual Fund with ₹5,540 Cr under management, launched in 2023. The expense ratio is 2.08% 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 +12.6% against +3.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 15.7% | +8.2 pts | 7.5% | 5.4% |
| 2Y | 13.5% | +3.7 pts | 9.8% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.0% | −0.2 pts | 1.2% | 3.7% |
| 3M | -1.7% | +2.4 pts | -4.1% | -4.7% |
| 6M | 5.3% | +4.3 pts | 1.0% | 1.8% |
| 1Y | 12.6% | +5.0 pts | 7.5% | 3.1% |
| 2Y | 7.3% | +2.7 pts | 4.6% | 3.8% |
Since launch (1 Dec 2023): 17.1%
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
2.07%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.58%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.42%
- 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 30 Sep 2026
Asset allocation
- Equity96.9%
- Debt3.2%
Market cap split
- Large52.5%
- Mid21.2%
- Small26.3%
- P/E
- 38.18
- P/B
- 5.65
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | Automobile | 4.82% | ₹267 Cr | +5.07% | +5.51% | +5.75% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.61% | ₹200 Cr | +3.91% | +4.02% | +2.78% |
| Divi's Laboratories Ltd. | Healthcare | 3.57% | ₹198 Cr | +2.60% | +2.60% | +1.31% |
| Sona BLW Precision Forgings Ltd. | Automobile | 3.21% | ₹178 Cr | +2.59% | +1.64% | +0.47% |
| Others | Others | 3.10% | ₹172 Cr | +7.60% | +17.17% | +1.83% |
| Bharat Electronics Ltd. | Capital Goods | 2.95% | ₹164 Cr | +4.09% | +4.67% | +4.45% |
| Reliance Industries Ltd. | Energy | 2.81% | ₹156 Cr | +3.67% | +5.04% | +3.53% |
| TVS Motor Company Ltd. | Automobile | 2.81% | ₹156 Cr | +1.90% | +2.33% | +2.91% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.48% | ₹138 Cr | +2.50% | +1.21% | +0.19% |
| Cummins India Ltd. | Capital Goods | 2.39% | ₹132 Cr | +2.92% | +2.32% | +3.21% |
| Hindalco Industries Ltd. | Metals & Mining | 2.26% | ₹125 Cr | +2.86% | +2.65% | +2.63% |
| Samvardhana Motherson International Ltd. | Automobile | 2.26% | ₹125 Cr | +2.32% | +0.92% | +1.25% |
| TD Power Systems Ltd. | Capital Goods | 2.12% | ₹117 Cr | +0.95% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.11% | ₹117 Cr | +1.36% | +1.33% | +1.00% |
| Craftsman Automation Ltd. | Automobile | 2.11% | ₹117 Cr | +1.96% | +1.25% | +1.16% |
| Apar Industries Ltd. | Consumer Staples | 2.11% | ₹117 Cr | +1.85% | +0.60% | +0.86% |
| GE Vernova T&D India Ltd | Capital Goods | 2.10% | ₹116 Cr | +2.37% | +2.03% | +2.52% |
| Sansera Engineering Ltd. | Automobile | 2.05% | ₹114 Cr | +1.65% | +1.12% | +0.50% |
| Ather Energy Ltd. | Automobile | 1.98% | ₹110 Cr | +1.39% | +0.57% | +0.07% |
| Welspun Corp Ltd. | Metals & Mining | 1.79% | ₹98.96 Cr | +0.99% | +0.51% | +0.47% |
| Solar Industries India Ltd. | Chemicals | 1.78% | ₹98.67 Cr | +1.84% | +1.44% | +1.45% |
| Maruti Suzuki India Ltd. | Automobile | 1.76% | ₹97.57 Cr | +2.59% | +2.37% | +3.63% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.75% | ₹96.97 Cr | +1.93% | +0.95% | +1.64% |
| Hyundai Motor India Ltd. | Automobile | 1.59% | ₹88.26 Cr | +1.14% | +1.21% | +1.43% |
| Bajaj Auto Ltd. | Automobile | 1.56% | ₹86.65 Cr | +1.30% | +1.54% | +1.73% |
| INDO-MIM Ltd. | Capital Goods | 1.49% | ₹82.71 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.46% | ₹80.83 Cr | +2.52% | +2.68% | +2.85% |
| Bharat Forge Ltd. | Automobile | 1.44% | ₹79.66 Cr | +1.77% | +0.68% | +0.51% |
| Minda Corporation Ltd. | Automobile | 1.41% | ₹77.91 Cr | +1.46% | +1.21% | +1.46% |
| Ultratech Cement Ltd. | Materials | 1.37% | ₹76.12 Cr | +1.45% | +1.59% | +1.60% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.32% | ₹73.01 Cr | +1.47% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.30% | ₹71.98 Cr | +1.31% | +1.21% | +2.43% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.24% | ₹68.97 Cr | +0.37% | +0.06% | +1.85% |
| Gland Pharma Ltd. | Healthcare | 1.21% | ₹66.81 Cr | — | +0.26% | +0.53% |
| Happy Forgings Ltd. | Metals & Mining | 1.20% | ₹66.30 Cr | +0.92% | +0.77% | +0.43% |
| Premier Energies Ltd. | Energy | 1.19% | ₹65.99 Cr | +1.48% | +2.22% | +2.25% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.08% | ₹59.92 Cr | +0.95% | — | +0.76% |
| JSW Steel Ltd. | Metals & Mining | 1.08% | ₹59.89 Cr | +1.61% | +1.60% | +1.03% |
| Schaeffler India Ltd. | Capital Goods | 1.07% | ₹59.19 Cr | +1.18% | +1.25% | +1.15% |
| Sai Life Sciences Ltd. | Healthcare | 1.07% | ₹59.06 Cr | +0.32% | +0.46% | +0.76% |
| Jindal Steel Ltd. | Metals & Mining | 1.05% | ₹58.35 Cr | +1.04% | +1.06% | +1.58% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.02% | ₹56.46 Cr | +1.25% | +1.46% | +1.66% |
| Carborundum Universal Ltd. | Metals & Mining | 0.99% | ₹54.62 Cr | +0.83% | +0.53% | +0.55% |
| Ipca Laboratories Ltd. | Healthcare | 0.96% | ₹53.01 Cr | +0.04% | — | — |
| ABB India Ltd. | Capital Goods | 0.89% | ₹49.17 Cr | +0.43% | +0.12% | +0.09% |
| Laurus Labs Ltd. | Healthcare | 0.89% | ₹49.14 Cr | +0.79% | +0.99% | — |
| Syrma SGS Technology Ltd. | Capital Goods | 0.87% | ₹48.39 Cr | +0.90% | +0.34% | — |
| Pidilite Industries Ltd. | Chemicals | 0.85% | ₹46.84 Cr | +1.26% | +1.17% | +1.18% |
| Blue Star Ltd. | Consumer Discretionary | 0.84% | ₹46.50 Cr | +1.10% | +0.68% | +0.56% |
| Dhoot Transmission Ltd. | Capital Goods | 0.81% | ₹44.70 Cr | — | — | — |
| Azad Engineering Ltd. | Capital Goods | 0.79% | ₹43.69 Cr | — | — | — |
| Aditya Infotech Ltd. | Communication | 0.64% | ₹35.18 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 0.63% | ₹34.98 Cr | +0.59% | — | — |
| Ashok Leyland Ltd. | Automobile | 0.62% | ₹34.59 Cr | — | — | +0.42% |
| Cyient DLM Ltd. | Capital Goods | 0.59% | ₹32.51 Cr | — | — | — |
| Voltas Ltd. | Consumer Discretionary | 0.55% | ₹30.70 Cr | +0.97% | +0.62% | +0.58% |
| Piramal Pharma Ltd. | Healthcare | 0.55% | ₹30.25 Cr | — | — | — |
| Triveni Turbine Ltd. | Construction | 0.54% | ₹29.92 Cr | +0.71% | +0.17% | +0.64% |
| Bosch Ltd. | Automobile | 0.53% | ₹29.33 Cr | +0.89% | +0.46% | +0.54% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 0.52% | ₹28.95 Cr | +0.41% | — | — |
| SRF Ltd. | Chemicals | 0.52% | ₹28.60 Cr | +0.59% | +0.49% | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 0.50% | ₹27.66 Cr | +1.00% | +1.17% | +0.85% |
| Tenneco Clean Air India Ltd | Automobile | 0.49% | ₹26.93 Cr | +0.89% | +0.48% | — |
| K.P.R. Mill Ltd. | Textiles | 0.44% | ₹24.32 Cr | +0.48% | +0.47% | +0.53% |
| MTAR Technologies Ltd. | Capital Goods | 0.44% | ₹24.15 Cr | +0.26% | — | — |
| PG Electroplast Ltd. | Capital Goods | 0.43% | ₹23.69 Cr | — | +0.40% | +0.25% |
| Aether Industries Ltd. | Chemicals | 0.36% | ₹19.84 Cr | — | — | — |
| Avalon Technologies Ltd. | Capital Goods | 0.33% | ₹18.33 Cr | +0.49% | +0.23% | +0.41% |
| Grindwell Norton Ltd. | Metals & Mining | 0.31% | ₹17.05 Cr | +0.37% | +0.38% | +0.39% |
| Anthem Biosciences Ltd. | Healthcare | 0.28% | ₹15.30 Cr | +0.26% | +0.10% | — |
| Voltamp Transformers Ltd. | Capital Goods | 0.24% | ₹13.43 Cr | +0.25% | +0.97% | +0.84% |
| Kei Industries Ltd. | Capital Goods | 0.20% | ₹11.17 Cr | +0.59% | +0.60% | +1.18% |
| Rubicon Research Ltd. | Healthcare | 0.19% | ₹10.60 Cr | — | — | — |
| PI Industries Ltd. | Chemicals | 0.16% | ₹8.69 Cr | +0.38% | +0.52% | +0.59% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 1.17% | 3.16% | +2.00% |
| Glenmark Pharmaceuticals Ltd. | 1.12% | 0.50% | -0.62% |
| Kei Industries Ltd. | 0.79% | 0.20% | -0.59% |
| INDO-MIM Ltd. | 0.96% | 1.49% | +0.53% |
| Aditya Infotech Ltd. | 0.13% | 0.64% | +0.50% |
| Supreme Industries Ltd. | 0.45% | 0.00% | -0.45% |
| Gland Pharma Ltd. | 0.83% | 1.21% | +0.37% |
| Maruti Suzuki India Ltd. | 2.12% | 1.76% | -0.36% |
| Solar Industries India Ltd. | 1.46% | 1.78% | +0.32% |
| Mahindra & Mahindra Ltd. | 5.13% | 4.82% | -0.31% |
| Ather Energy Ltd. | 2.28% | 1.98% | -0.30% |
| Pidilite Industries Ltd. | 1.14% | 0.85% | -0.30% |
| Voltas Ltd. | 0.85% | 0.55% | -0.29% |
| Welspun Corp Ltd. | 1.50% | 1.79% | +0.28% |
| TD Power Systems Ltd. | 1.86% | 2.12% | +0.26% |
| Tenneco Clean Air India Ltd | 0.73% | 0.49% | -0.25% |
| Tata Steel Ltd. | 1.69% | 1.46% | -0.23% |
| Sansera Engineering Ltd. | 1.83% | 2.05% | +0.23% |
| Sona BLW Precision Forgings Ltd. | 3.01% | 3.21% | +0.20% |
| JSW Steel Ltd. | 1.27% | 1.08% | -0.19% |
| Rubicon Research Ltd. | 0.00% | 0.19% | +0.19% |
| PI Industries Ltd. | 0.33% | 0.16% | -0.17% |
| Premier Energies Ltd. | 1.36% | 1.19% | -0.17% |
| Sun Pharmaceutical Industries Ltd. | 3.77% | 3.61% | -0.16% |
| Carborundum Universal Ltd. | 0.83% | 0.99% | +0.15% |
| Happy Forgings Ltd. | 1.33% | 1.20% | -0.14% |
| Cyient DLM Ltd. | 0.45% | 0.59% | +0.14% |
| Bosch Ltd. | 0.64% | 0.53% | -0.11% |
| MTAR Technologies Ltd. | 0.33% | 0.44% | +0.11% |
| Dixon Technologies (India) Ltd. | 1.35% | 1.24% | -0.10% |
| Bajaj Auto Ltd. | 1.67% | 1.56% | -0.10% |
| Amber Enterprises India Ltd. | 1.18% | 1.08% | -0.10% |
| Avalon Technologies Ltd. | 0.43% | 0.33% | -0.10% |
| Divi's Laboratories Ltd. | 3.47% | 3.57% | +0.09% |
| Sai Life Sciences Ltd. | 0.98% | 1.07% | +0.09% |
| Asian Paints Ltd. | 0.09% | 0.00% | -0.09% |
| Azad Engineering Ltd. | 0.70% | 0.79% | +0.08% |
| Reliance Industries Ltd. | 2.89% | 2.81% | -0.08% |
| Dhoot Transmission Ltd. | 0.73% | 0.81% | +0.08% |
| Hindustan Aeronautics Ltd. | 1.67% | 1.75% | +0.08% |
| Hindalco Industries Ltd. | 2.33% | 2.26% | -0.07% |
| ABB India Ltd. | 0.96% | 0.89% | -0.07% |
| Aether Industries Ltd. | 0.29% | 0.36% | +0.07% |
| Kirloskar Oil Engines Ltd. | 0.46% | 0.52% | +0.07% |
| Blue Star Ltd. | 0.77% | 0.84% | +0.07% |
| Hyundai Motor India Ltd. | 1.65% | 1.59% | -0.06% |
| Cummins India Ltd. | 2.45% | 2.39% | -0.06% |
| Bharat Electronics Ltd. | 3.01% | 2.95% | -0.06% |
| Craftsman Automation Ltd. | 2.17% | 2.11% | -0.06% |
| Apar Industries Ltd. | 2.05% | 2.11% | +0.06% |
| Ashok Leyland Ltd. | 0.68% | 0.62% | -0.06% |
| PG Electroplast Ltd. | 0.48% | 0.43% | -0.05% |
| Bharat Heavy Electricals Ltd. | 2.53% | 2.48% | -0.05% |
| CG Power and Industrial Solutions Ltd. | 1.25% | 1.30% | +0.04% |
| Laurus Labs Ltd. | 0.92% | 0.89% | -0.03% |
| Bharat Forge Ltd. | 1.47% | 1.44% | -0.03% |
| TVS Motor Company Ltd. | 2.84% | 2.81% | -0.03% |
| company:20133 | 0.03% | 0.00% | -0.03% |
| GE Vernova T&D India Ltd | 2.13% | 2.10% | -0.02% |
| Minda Corporation Ltd. | 1.38% | 1.41% | +0.02% |
| Ipca Laboratories Ltd. | 0.98% | 0.96% | -0.02% |
| Bharat Petroleum Corporation Ltd. | 1.04% | 1.02% | -0.02% |
| Syrma SGS Technology Ltd. | 0.85% | 0.87% | +0.02% |
| Torrent Pharmaceuticals Ltd. | 2.13% | 2.11% | -0.02% |
| Schaeffler India Ltd. | 1.05% | 1.07% | +0.02% |
| Triveni Turbine Ltd. | 0.55% | 0.54% | -0.01% |
| Grindwell Norton Ltd. | 0.32% | 0.31% | -0.01% |
| Radico Khaitan Ltd. | 0.62% | 0.63% | +0.01% |
| Vedanta Aluminium Metal Ltd. | 1.33% | 1.32% | -0.01% |
| K.P.R. Mill Ltd. | 0.45% | 0.44% | -0.01% |
| SRF Ltd. | 0.51% | 0.52% | +0.01% |
| Jindal Steel Ltd. | 1.06% | 1.05% | -0.01% |
| Piramal Pharma Ltd. | 0.54% | 0.55% | 0.00% |
| Voltamp Transformers Ltd. | 0.24% | 0.24% | 0.00% |
| Anthem Biosciences Ltd. | 0.27% | 0.28% | 0.00% |
| Samvardhana Motherson International Ltd. | 2.26% | 2.26% | 0.00% |
| Ultratech Cement Ltd. | 1.37% | 1.37% | 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 | ₹2,328 Cr | 1.61% | 8.9% | 10.4% | 16.3% |
 ICICI Prudential Manufacturing Fund | ₹6,918 Cr | 2.08% | 5.5% | 8.4% | 16.2% |
 Kotak Manufacture in India Fund | ₹3,132 Cr | 2.07% | 15.3% | 13.2% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,386 Cr | 2.32% | 15.9% | 13.5% | 16.4% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹122 Cr | 0.43% | 3.7% | 8.4% | — |
 Navi Nifty India Manufacturing Index Fund | ₹83.12 Cr | 1.16% | 4.3% | 8.6% | — |
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..
- Pratik TibrewalMr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance).Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading 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 months5.29% absolute | ₹60,000 | ₹63,174 | 5.29% | |
| 1 year12.59% annualised | ₹1,20,000 | ₹1,28,507 | 7.09% |
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 ₹15.92 as on 6 Nov 2026.
What is the expense ratio of Axis India Manufacturing Fund?
The expense ratio of Axis India Manufacturing Fund is 2.08% 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 ₹3,91,554 Cr under management.