HDFC Manufacturing Fund
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the manufacturing activity.
Growthvine rating: 3/5 — ranked #83 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹10.81 (as of 2026-10-23) |
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| AUM | ₹10,280 Cr |
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| Expense ratio | 1.50% |
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| Riskometer | Very High |
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| Fund manager | Rakesh Sethia |
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| Exit load | 1% for redemption within 1 month |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −21.93% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 90.4% of NIFTY India Manufacturing's upside and 89.4% of its downside.
Market cap allocation
| Large cap | 51.2% |
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| Mid cap | 15.1% |
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| Small cap | 33.7% |
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Concentration
| Top 5 holdings | 20.6% |
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| Top 10 holdings | 32.6% |
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| Total holdings | 91 |
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Top holdings
- Divis Laboratories Ltd. — 6.0%
- Reliance Industries Ltd — 4.5%
- Mahindra & Mahindra Ltd. — 3.5%
- Maruti Suzuki India Ltd. — 3.3%
- JSW Steel Limited — 3.3%
- Tata Motors Limited — 2.9%
- Bharat Electronics Ltd. — 2.4%
- Hindustan Aeronautics Limited — 2.4%
- Bajaj Auto Limited — 2.2%
- Cummins India Ltd. — 2.1%
Top sectors
- Automobile — 21.6%
- Pharma & Biotech — 15.7%
- Industrial Products — 10.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −2.6% | Q2 | #46 of 167 |
| 2025 | 7.0% | Q2 | #41 of 132 |