Axis India Manufacturing Fund

Q: What are the returns of this mutual fund scheme?

The Axis India Manufacturing Fund is a 2 yrs 2 m old fund and has delivered average annual returns of 15.25% since inception. Axis India Manufacturing Fund Returns 1-Year Since Inception 8.33% 15.25%

Q: How much does this mutual fund charge as expense ratio?

The Axis India Manufacturing Fund has an expense ratio of 1.84% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.66-0.44% 1 day change	15.25% p.a.	App exclusive #NA View Ranked Funds	₹5,128 Cr

Historical NAV & returns

NAV: ₹13.66 as on Feb 02, 2026

This fund Category average

Axis India Manufacturing Fund overview

AUM (Fund size)	₹5,128 Cr
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days.!
Lock-in Period	Nil
Age	2 yrs 2 m since Dec 01, 2023
Benchmark	Nifty India Manufacturing TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹1000
Expense ratio	1.84% as on Jan 29, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Axis India Manufacturing Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jan 31, 2026

Period	This fund	Category average
1 Month	-4.81%	-5.86%
3 Months	-4.88%	-6.38%
6 Months	-0.36%	-2.94%
1 Year	8.33%	3.25%
2 Years	12.83%	5.56%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 60.63%

Mid Cap 20.31%

Small Cap 17.71%

Other Cap 0%

Top holdings

Mahindra & Mahindra Ltd.6.21%

Bharat Electronics Ltd.4.64%

Reliance Industries Ltd.4.53%

Maruti Suzuki India Ltd.3.58%

Top sectors

Automobile 27.83%

Capital Goods 22.1%

Healthcare 13.100000000000001%

Metals & Mining 10.26%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Others 1.43%

Allocation by Instruments

CBLO 1.43196625%

Other Holdings

Bifurcation by Holding is not available for this fund

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis India Manufacturing Fund	-4.81%	-0.36%	8.33%	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	-4.37%	0.03%	11.15%	23.82%	21.94%	13.24%
ICICI Prudential Exports and Services Fund	-4.78%	0.68%	8.48%	18.54%	17.34%	13.8%
Sundaram Services Fund	-6.02%	-0.13%	7.97%	17.84%	17.61%	13.15%
UTI Transportation and Logistics Fund	-6.74%	6.07%	14.01%	23.2%	18.55%	13.75%
ICICI Prudential Commodities Fund	-1.61%	6.7%	22.01%	18.78%	24.75%	16.29%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis India Manufacturing Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Manufacturing Fund	15.86	1.05	1.06	1.52
ICICI Prudential Exports and Services Fund	11.19	0.83	1.07	2.09
Sundaram Services Fund	12.26	0.88	0.94	1.53
UTI Transportation and Logistics Fund	15.97	0.9	1.0	1.3
ICICI Prudential Commodities Fund	14.61	0.95	0.86	1.33

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis India Manufacturing Fund	N.A.	5,128 Cr	2 yrs 2 m	1.84%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	7 yrs 4 m	1.84%
ICICI Prudential Exports and Services Fund	N.A.	1,434 Cr	20 yrs 3 m	2.27%
Sundaram Services Fund	N.A.	4,809 Cr	7 yrs 5 m	1.87%
UTI Transportation and Logistics Fund	N.A.	4,084 Cr	20 yrs 6 m	1.92%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	6 yrs 4 m	1.96%

View all Thematic funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Axis India Manufacturing Fund in detail with

About this fund

About Axis India Manufacturing Fund

Axis India Manufacturing Fund is a Thematic mutual fund scheme from Axis Mutual Fund. This fund has been in existence for 2 yrs 2 m, having been launched on 01/12/2023. Axis India Manufacturing Fund has ₹5,128 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Axis India Manufacturing Fund as of 02/02/2026 is ₹13.66. The fund has an expense ratio of 1.84%, which is higher than what most other Thematic funds charge.

Axis India Manufacturing Fund returns of last 1-year are 7.01%. Since launch, it has delivered 15.84% average annual returns.
The fund has the majority of its money invested in Automobile, Capital Goods, Healthcare, Metals & Mining, Energy sectors. It has taken less exposure in Automobile, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in Mahindra & Mahindra Ltd., Bharat Electronics Ltd., Reliance Industries Ltd., Maruti Suzuki India Ltd., Sun Pharmaceutical Industries Ltd..

...

Fund AUM	5,128 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Shreyash Devalkar

Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University 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.

Nitin Arora

Mr. Arora has done M.Sc in Finance and Investments 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..

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.

Axis Mutual Fund details

No. of schemes	70 view all schemes
Total AUM	3,65,749 Cr as on Dec 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

More funds from Axis Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Axis US Specific Equity Passive FoF	N.A.	191 Cr	26.16%	N.A.
Axis Small Cap Fund	N.A.	26,547 Cr	0.35%	19.17%
Axis Large & Mid Cap Fund	N.A.	15,616 Cr	6.29%	16.29%
Axis Midcap Fund	N.A.	31,717 Cr	6.18%	15.88%
Axis Global Equity Alpha FoF	N.A.	1,441 Cr	24.18%	15.47%
Axis Nifty Midcap 50 Index Fund	N.A.	584 Cr	11.06%	N.A.

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Axis India Manufacturing Fund?

The current Net Asset Value (NAV) of the Axis India Manufacturing Fund plan is approximately ₹13.66 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Axis India Manufacturing Fund is a 2 yrs 2 m old fund and has delivered average annual returns of 15.25% since inception.

Axis India Manufacturing Fund Returns

1-Year	Since Inception
8.33%	15.25%

How much does this mutual fund charge as expense ratio?

The Axis India Manufacturing Fund has an expense ratio of 1.84%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Axis India Manufacturing Fund currently has assets under management (AUM) or fund size valued at approximately 5,128 Cr as on Dec 31, 2025.

What are the top stock holdings of Axis India Manufacturing Fund?

The Axis India Manufacturing Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Mahindra & Mahindra Ltd.	6.21%
Bharat Electronics Ltd.	4.64%
Reliance Industries Ltd.	4.53%
Maruti Suzuki India Ltd.	3.58%
Sun Pharmaceutical Industries Ltd.	3.2%
Cummins India Ltd.	3.07%
TVS Motor Company Ltd.	2.83%
Tata Steel Ltd.	2.61%
Hindalco Industries Ltd.	2.35%
Divi's Laboratories Ltd.	2.23%

What are the top sectors Axis India Manufacturing Fund has invested in?

The Axis India Manufacturing Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Automobile	27.83%
Capital Goods	22.1%
Healthcare	13.100000000000001%
Metals & Mining	10.26%
Energy	9.45%
Chemicals	5.3100000000000005%
Consumer Staples	3.18%
Materials	3.08%
Consumer Discretionary	2.25%
Construction	1.5%

What is risk level of Axis India Manufacturing Fund?

This is a Thematic fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Axis India Manufacturing Fund?

Redeeming your investments in the Axis India Manufacturing Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Thematic

#NA

Return Outperformance: This fund has generated highest return amongst Thematic funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 Days.