April 28, 2026
RA Jainee
Aditya Birla (ABSL) Manufacturing Equity Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 38.64 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 22.87 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE India Manufacturing TRI |
| AUM Rs. | 1,016 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.34% |
| 1 Year Return (%) | 19.44 |
| 3 Year Return (%) | 23.66 |
| 5 Year Return (%) | 16.58 |
| 10 Year Return (%) | 14.57 |
| Return Since Launch | 12.78% |
⚖️ Sahifund Review – Aditya Birla Sun Life Manufacturing Equity Fund ✔
PLUS:
• Strong and consistent performance with 19.44% (1Y) and 23.66% (3Y) returns
• Regular outperformance vs benchmark and category peers across most periods
• Proven long-term track record with 10-year returns ~14.57%
• Well-diversified portfolio of ~60 stocks within manufacturing space
• Balanced allocation across large, mid and small caps
• Backed by strong pedigree of Aditya Birla Sun Life Mutual Fund
• Suitable for SIP investors looking to benefit from India’s manufacturing growth story
• Strong category ranking (top 2–3 consistently) indicates execution strength
MINUS:
• Thematic concentration risk – heavy dependence on manufacturing sector (~77%)
• High expense ratio (~1.34%) compared to some peers
• Can underperform diversified funds during non-manufacturing cycles
• Portfolio valuation slightly elevated (P/E ~31.6)
• Cyclical nature of sector leads to volatility during downturns
• Limited diversification outside theme increases risk
• Performance heavily dependent on capex and economic cycles
• Not suitable as a core portfolio holding for conservative investors
Sahifund View (Decisive Line):
A top-performing manufacturing fund with strong consistency, but due to thematic concentration, best suited as a satellite SIP allocation rather than a core diversified investment.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Manufacturing funds in our opinion, because:
• They have a narrow focus on only companies following the manufacturing theme
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in Manufacturing activity.
Fund Manager:
1) Harish Krishnan
Education: Mr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM Kozhikode
Experience: Prior to joining Aditya Birla Sun Life Mutual Fund, he has also worked at Kotak Mahindra Mutual Fund, Infosys Technologies Ltd in his earlier stint.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
Basic Details of Aditya Birla (ABSL) Manufacturing Equity Fund
| Fund House | Aditya Birla Sun Life Mutual Fund |
| Launch Date | 31-Jan-15 |
| Return Since Launch | 12.78% |
| Benchmark | BSE India Manufacturing TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,016 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.34% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 21.00% |
Aditya Birla Manufacturing Equity Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ABSL Manufacturing Equity Dir | 4.72 | -0.59 | 10.81 | 10.94 | 4.49 | 19.44 | 23.66 | 16.58 | 16.29 | 14.57 |
| BSE India Manufacturing TRI | -1.62 | -0.32 | 8.42 | 2.32 | 0.46 | 11.29 | 18.07 | 17.48 | 16.17 | 14.46 |
| Equity: Thematic-Manufacturing | 1.36 | -0.76 | 9.06 | 7.54 | 1.28 | 13.34 | 24.15 | 19.89 | 18.56 | 14.57 |
| Rank within category | 2 | 4 | 4 | 4 | 2 | 2 | 3 | 2 | 2 | 1 |
| Number of funds in category | 17 | 17 | 17 | 17 | 17 | 16 | 5 | 2 | 2 | 1 |
Peer Comparison of Aditya Birla Manufacturing Equity Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ABSL Manufacturing Equity Dir | Unrated | 19.44 | 23.66 | 16.58 | 1.34 | 1,016 | 12.78 | 1.00 (90) | 11Y 2M | 21.00 |
| HDFC Manufacturing Dir | Unrated | 12.14 | — | — | 0.84 | 9,255 | 6.44 | 1.00 (30) | 1Y 11M | 27.09 |
| ICICI Pru Manufacturing Dir | Unrated | 15.88 | 26.46 | 23.21 | 0.81 | 5,867 | 20.13 | 1.00 (365) | 7Y 6M | 27.00 |
| Axis India Manufacturing Dir | Unrated | 13.33 | — | — | 0.47 | 4,681 | 18.49 | 1.00 (90) | 2Y 4M | 55.00 |
| Kotak Manufacture in India Dir | Unrated | 16.71 | 23.82 | — | 0.59 | 2,401 | 19.96 | 0.50 (90) | 4Y 2M | 36.17 |
Aditya Birla (ABSL) Manufacturing Equity Fund Portfolio
| No. of Stocks | 60 |
| Top 10 Stocks | 37.53% |
| Top 5 Stocks | 21.81% |
| Top 3 Sectors | 77.25% |
| Portfolio P/B Ratio | 3.75 |
| Portfolio P/E Ratio | 31.60 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 70,758 | 1,06,533 |
| Giant (%) | — | — |
| Large (%) | 42.35 | 56.46 |
| Mid (%) | 25.18 | 23.46 |
| Small (%) | 32.47 | 20.07 |
| Tiny (%) | — | — |
Apply Online: https://mutualfund.adityabirlacapital.com/help-centre/invest-now OR https://mutualfund.adityabirlacapital.com/portal/investor/login
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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