Funds/Sectoral / Thematic/HDFC Manufacturing Fund

HDFC Manufacturing Fund

HDFC Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a classic manufacturing tilt with concentrated exposure to autos, pharma, and defense—sectors positioned to benefit from domestic industrialisation and "Make in India" tailwinds. The top ten holdings account for a third of assets, with Reliance anchoring the portfolio while pharmaceuticals and automobiles together represent nearly 28 percent, signalling conviction in capex-driven growth and export competitiveness. Recent exits of tech-related names suggest the manager is disciplining non-core holdings and doubling down on tangible manufacturing plays.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹11.1630	+4.45%	+1.00%	-0.47%	+9.54%	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

20.53%

Top 10 Weight

33.24%

Active Share

—

Large Cap

53.89%

Gini

0.432

What Changed2026-03-31 → 2026-04-30

Holdings: 86 → 84+0 added−2 removed22 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Reliance Industries Ltd. INE002A01018	Petroleum Products	EQUITY	5.83%
2	Divis Laboratories Ltd. INE361B01024	Pharmaceuticals & Biotechnology	EQUITY	4.43%
3	Maruti Suzuki India Limited INE585B01010	Automobiles	EQUITY	3.68%
4	JSW Steel Ltd. INE019A01038	Ferrous Metals	EQUITY	3.54%
5	Mahindra & Mahindra Ltd. INE101A01026	Automobiles	EQUITY	3.05%
6	Bharat Electronics Ltd. INE263A01024	Aerospace & Defense	EQUITY	2.66%
7	Tata Motors Limited INE1TAE01010	Agricultural, Commercial & Construction Vehicles	EQUITY	2.65%
8	Bajaj Auto Limited INE917I01010	Automobiles	EQUITY	2.56%
9	Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	EQUITY	2.47%
10	Tata Motors Passenger Vehicles Limited INE155A01022	Automobiles	EQUITY	2.37%
11	Cummins India Ltd. INE298A01020	Industrial Products	EQUITY	2.26%
12	Glenmark Pharmaceuticals Ltd. INE935A01035	Pharmaceuticals & Biotechnology	EQUITY	2.21%
13	Hindalco Industries Ltd. INE038A01020	Non - Ferrous Metals	EQUITY	2.20%
14	Bharat Forge Ltd. INE465A01025	Auto Components	EQUITY	2.18%
15	Ambuja Cements Ltd. INE079A01024	Cement & Cement Products	EQUITY	2.10%
16	Tata Steel Ltd. INE081A01020	Ferrous Metals	EQUITY	2.00%
17	Hindustan Petroleum Corp. Ltd. INE094A01015	Petroleum Products	EQUITY	1.94%
18	Sun Pharmaceutical Industries Ltd. INE044A01036	Pharmaceuticals & Biotechnology	EQUITY	1.88%
19	Godrej Consumer Products Ltd. INE102D01028	Personal Products	EQUITY	1.82%
20	Lupin Ltd. INE326A01037	Pharmaceuticals & Biotechnology	EQUITY	1.78%

Sector Allocation

Pharmaceuticals & Biotechnology15.1%

Automobiles12.6%

Auto Components9.4%

Petroleum Products9.4%

Aerospace & Defense7.2%

Electrical Equipment6.5%

Ferrous Metals6.5%

Industrial Products6.2%

Consumer Durables4.6%

Agricultural, Commercial & Construction Vehicles4.6%

Top 10 sectors by % to NAV. Excludes derivatives.