Axis India Manufacturing Fund
The scheme seeks to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme.
Growthvine rating: 2/5 — ranked #112 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.61 (as of 2026-10-01) |
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| AUM | ₹5,494 Cr |
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| Expense ratio | 1.58% |
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| Riskometer | Very High |
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| Fund manager | Nitin Arora |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 90 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −23.45% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 104.5% of NIFTY India Manufacturing's upside and 90.3% of its downside.
Market cap allocation
| Large cap | 53.2% |
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| Mid cap | 21.6% |
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| Small cap | 25.1% |
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Concentration
| Top 5 holdings | 18.4% |
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| Top 10 holdings | 31.4% |
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| Total holdings | 75 |
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Top holdings
- Mahindra & Mahindra Ltd. — 5.1%
- Sun Pharmaceutical Industries Ltd. — 3.8%
- Divis Laboratories Ltd. — 3.5%
- Bharat Electronics Ltd. — 3.0%
- Sona BLW Precision Forgings Limited — 3.0%
- Reliance Industries Ltd — 2.9%
- TVS Motor Company Ltd. — 2.8%
- Bharat Heavy Electricals Ltd. — 2.5%
- Cummins India Ltd. — 2.5%
- Hindalco Industries Ltd. — 2.3%
Top sectors
- Automobile — 31.0%
- Pharma & Biotech — 15.0%
- Electricals — 14.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 10.4% | Q1 (Top) | #21 of 167 |
| 2025 | 3.7% | Q2 | #66 of 132 |
| 2024 | 33.5% | Q1 (Top) | #6 of 86 |