Axis India Manufacturing Fund
The fund remains heavily tilted toward domestic manufacturing strength, with automobiles and electrical equipment anchoring nearly 27 percent of the portfolio. The manager is selectively rotating away from defensive positions like clearing corporation, signaling confidence in cyclical manufacturing upside driven by infrastructure spending and export momentum. New entries in power and aluminium suggest conviction in commodity-linked industrials, though the concentrated top-5 (21.3 percent) leaves limited room for diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹15.3200 | — | — | — | — |
| Regular Growth | ₹14.8100 | +3.13% | +9.79% | — | — |
| Direct IDCW | ₹15.3100 | — | — | — | — |
| Regular IDCW | ₹14.8100 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Amber Enterprises India Limited | 0.85% |
| Radico Khaitan Limited | 0.53% |
| Talwandi Sabo Power Limited | 0.38% |
| Vedanta Aluminium Metal Limited | 0.38% |
| Malco Energy Limited | 0.38% |
| Vedanta Iron And Steel Limited | 0.38% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Mahindra & Mahindra Limited INE101A01026 | 5.28% |
| 2 | Reliance Industries Limited INE002A01018 | 4.61% |
| 3 | Bharat Electronics Limited INE263A01024 | 4.43% |
| 4 | Sun Pharmaceutical Industries Limited INE044A01036 | 3.72% |
| 5 | Hindalco Industries Limited INE038A01020 | 3.24% |
| 6 | Tata Steel Limited INE081A01020 | 2.85% |
| 7 | Divi's Laboratories Limited INE361B01024 | 2.66% |
| 8 | Maruti Suzuki India Limited INE585B01010 | 2.52% |
| 9 | Cummins India Limited INE298A01020 | 2.45% |
| 10 | Sona BLW Precision Forgings Limited INE073K01018 | 2.44% |
| 11 | TVS Motor Company Limited INE494B01023 | 2.31% |
| 12 | GE Vernova T&D India Limited INE200A01026 | 2.30% |
| 13 | Premier Energies Limited INE0BS701011 | 2.28% |
| 14 | Bharat Heavy Electricals Limited INE257A01026 | 2.01% |
| 15 | JSW Steel Limited INE019A01038 | 1.73% |
| 16 | Solar Industries India Limited INE343H01029 | 1.66% |
| 17 | Craftsman Automation Limited INE00LO01017 | 1.61% |
| 18 | Bharat Petroleum Corporation Limited INE029A01011 | 1.59% |
| 19 | UltraTech Cement Limited INE481G01011 | 1.55% |
| 20 | Bajaj Auto Limited INE917I01010 | 1.47% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Axis India Manufacturing Fund hold?
Axis India Manufacturing Fund holds 92 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 21.28% of NAV.
What is the largest holding in Axis India Manufacturing Fund?
The largest position in Axis India Manufacturing Fund is Mahindra & Mahindra Limited, accounting for 5.28% of NAV in the Automobiles sector.
Is Axis India Manufacturing Fund a concentrated or diversified fund?
With a Gini coefficient of 0.465, Axis India Manufacturing Fund is moderately concentrated. The HHI concentration index is 20,426 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 21.28% of the portfolio.
What is the market cap allocation of Axis India Manufacturing Fund?
Based on SEBI's AMFI classification, Axis India Manufacturing Fund's equity portfolio is split as: Large Cap: 56.71%, Mid Cap: 23.48%, Small Cap: 16.71%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Axis India Manufacturing Fund invest in most?
Axis India Manufacturing Fund has the highest allocation to Automobiles (14.69%), Electrical Equipment (12.22%), Pharmaceuticals & Biotechnology (12.18%). The fund is invested across 25 sectors in total.
How actively managed is Axis India Manufacturing Fund compared to other Sectoral / Thematic funds?
Axis India Manufacturing Fund has an Active Share of 74.14%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Axis India Manufacturing Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Axis India Manufacturing Fund added 6 new stocks (including Amber Enterprises India Limited) and exited 6 stocks (including V-Guard Industries Limited). Total holding count remained at 93 stocks.