January 23, 2026
RA Jainee
Axis India Manufacturing Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 13.86 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 13.86 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty India Manufacturing TRI |
| AUM Rs. | 5,128 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.54% |
| 1 Year Return (%) | 3.43 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 16.95% |
⚖️ Sahifund Review – Axis India Manufacturing Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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👉 Apply Online | Ask Us MF Queries |
| 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 provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme.
Fund Manager:
1) Nitin Arora
Education: Mr. Arora has done M.Sc in Finance and Investments
Experience: Prior 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.
2) Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 90 days |
Basic Details of Axis India Manufacturing Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 21-Dec-23 |
| Return Since Launch | 16.95%% |
| Benchmark | Nifty India Manufacturing TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (RS) | 5,128 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.54% |
| (As on 31-Dec-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 57.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis India Manufacturing Dir | -4.68 | -2.19 | -3.55 | -4.94 | -1.98 | 3.43 | — | — | — | — |
| BSE India Manufacturing TRI | -2.08 | -0.31 | -0.38 | 0.77 | 6.23 | 11.58 | — | — | — | — |
| Equity: Thematic-Manufacturing | -5.09 | -2.31 | -3.86 | -5.10 | -2.70 | 3.11 | — | — | — | — |
| Rank within category | 8 | 3 | 8 | 10 | 8 | 9 | — | — | — | — |
| Number of funds in category | 17 | 17 | 17 | 17 | 16 | 15 | 5 | 2 | 2 | 1 |
Peer Comparison of Axis India Manufacturing 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 (%) | |
| Axis India Manufacturing Dir | Unrated | 3.43 | — | — | 0.54 | 5,128 | 16.95 | 1.00 (90) | 2Y 1M | 57.00 |
| HDFC Manufacturing Dir | Unrated | 5.63 | — | — | 0.82 | 11,014 | 4.40 | 1.00 (30) | 1Y 8M | 30.07 |
| ICICI Pru Manufacturing Dir | Unrated | 8.18 | 24.02 | 23.63 | 0.78 | 6,549 | 19.75 | 1.00 (365) | 7Y 3M | 28.00 |
| Kotak Manufacture in India Dir | Unrated | 8.25 | 21.56 | — | 0.59 | 2,483 | 19.73 | 0.50 (90) | 3Y 10M | 37.47 |
| Canara Robeco Manufacturing Dir | Unrated | 0.08 | — | — | 0.79 | 1,589 | 10.08 | 1.00 (365) | 1Y 10M | — |
Portfolio Analysis of Axis India Manufacturing Fund
| No. of Stocks | 94 |
| Top 10 Stocks | 35.25% |
| Top 5 Stocks | 22.15% |
| Top 3 Sectors | 72.59% |
| Portfolio P/B Ratio | 5.20 |
| Portfolio P/E Ratio | 33.68 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,24,020 | 1,14,209 |
| Giant (%) | — | — |
| Large (%) | 61.46 | 56.81 |
| Mid (%) | 20.59 | 22.02 |
| Small (%) | 17.95 | 21.18 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.axismf.com/Online/Login OR
https://www.axismf.com/mutual-funds
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