GMP IPO Watch
Equity Scheme - Sectoral/ Thematic
Axis India Manufacturing Fund
Direct Plan · IDCW Option · Axis Mutual Fund
Risk: Very High Risk
52W Low ₹13.53 23 Mar 2026
52W High ₹17.18 31 Aug 2026
₹16.5700
NAV as of 4 Nov 2026
+1.66% day change
Other Plans of This Fund
ISININF846K017S1
Scheme Code152204
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹4.04 Cr
Expense Ratio (as of 3 Nov 2026)0.92%
Min. InvestmentRs. 500 and in multiples of Re. 1/- thereafter
Inception Date1 Dec 2023
BenchmarkNIFTY India Manufacturing TRI · NA
Portfolio Turnover54.98%
NFO Period01 Dec 2023 – 15 Dec 2023
Returns
1Y
+13.04%
Since Inception
+18.81%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.56% | +3.52% | 157 of 255 |
| 1M | +2.16% | +1.97% | 124 of 255 |
| 3M | +0.30% | -3.45% | 31 of 252 |
| 6M | +8.80% | +2.92% | 52 of 251 |
| YTD | +13.49% | +1.21% | 33 of 255 |
| 1Y | +13.04% | +1.11% | 26 of 232 |
| 2Y | +9.43% | +2.39% | 24 of 187 |
| INCEPTION | +18.81% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +4.68% | +26.81% | -16.36% | 72% | 29% |
| 6M | +8.09% | +40.37% | -19.93% | 76% | 31% |
| 1Y | +9.92% | +37.73% | -5.53% | 84% | 36% |
| 2Y | +10.01% | +20.12% | +3.69% | 100% | 43% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity96.90%
- Debt0.00%
- Cash3.10%
- Other0.00%
Market Cap Split
- Large Cap50.85%
- Mid Cap20.53%
- Small Cap25.55%
- Others3.07%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 36.25 | 28.09 |
| P/B | 6.09 | 4.63 |
| Price / Sales | 3.11 | 3.31 |
| Price / Cash Flow | 24.91 | 21.08 |
| Dividend Yield (%) | 0.72 | 1.16 |
Holdings73
Top 5 Stocks18.16%
Top 10 Stocks30.91%
Top 3 Sectors44.85%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Mahindra & Mahindra | Automobiles | 4.82% | -0.31% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 3.61% | -0.16% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 3.57% | +0.10% |
| Sona BLW Precision Forgings | Auto Components | 3.21% | +0.20% |
| Clearing Corporation of India Ltd | Net Current Assets | 3.16% | — |
| Bharat Electronics | Aerospace & Defense | 2.95% | -0.06% |
| Reliance Industries | Petroleum Products | 2.81% | -0.08% |
| TVS Motors | Automobiles | 2.81% | -0.03% |
| Bharat Heavy Electricals | Electrical Equipment | 2.48% | -0.05% |
| Cummins | Industrial Products | 2.39% | -0.06% |
| Hindalco Industries | Non - Ferrous Metals | 2.26% | -0.07% |
| Samvardhana Motherson International | Auto Components | 2.26% | +0.00% |
| TD Power Systems | Electrical Equipment | 2.12% | +0.26% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 2.11% | -0.02% |
| Craftsman Automation | Auto Components | 2.11% | -0.06% |
View all 75 holdings
| Apar Industries | Electrical Equipment | 2.11% | +0.06% |
| GE Vernova T&D | Electrical Equipment | 2.10% | -0.03% |
| Sansera Engineering | Auto Components | 2.05% | +0.22% |
| Ather Energy | Automobiles | 1.98% | -0.30% |
| Welspun Corp | Industrial Products | 1.79% | +0.29% |
| Solar Industries | Chemicals & Petrochemicals | 1.78% | +0.32% |
| Maruti Suzuki | Automobiles | 1.76% | -0.36% |
| Hindustan Aeronautics | Aerospace & Defense | 1.75% | +0.08% |
| Hyundai Motor India | Automobiles | 1.59% | -0.06% |
| Bajaj Auto | Automobiles | 1.56% | -0.11% |
| Indo-MIM | Industrial Manufacturing | 1.49% | +0.53% |
| Tata Steel | Ferrous Metals | 1.46% | -0.23% |
| Bharat Forge | Auto Components | 1.44% | -0.03% |
| Minda Corporation | Auto Components | 1.41% | +0.03% |
| UltraTech Cement | Cement & Cement Products | 1.37% | +0.00% |
| Vedanta Aluminium Metal | Non - Ferrous Metals | 1.32% | -0.01% |
| CG Power & Industrial Solutions | Electrical Equipment | 1.30% | +0.05% |
| Dixon Technologies | Consumer Durables | 1.24% | -0.11% |
| Gland Pharma | Pharmaceuticals & Biotechnology | 1.21% | +0.38% |
| Happy Forgings | Industrial Products | 1.20% | -0.13% |
| Premier Energies | Electrical Equipment | 1.19% | -0.17% |
| Amber Enterprises | Consumer Durables | 1.08% | -0.10% |
| JSW Steel | Ferrous Metals | 1.08% | -0.19% |
| Schaeffler India | Auto Components | 1.07% | +0.02% |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 1.07% | +0.09% |
| Jindal Steel | Ferrous Metals | 1.05% | -0.01% |
| Bharat Petroleum | Petroleum Products | 1.02% | -0.02% |
| Carborundum Universal | Industrial Products | 0.99% | +0.16% |
| IPCA Laboratories | Pharmaceuticals & Biotechnology | 0.96% | -0.02% |
| ABB | Electrical Equipment | 0.89% | -0.07% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.89% | -0.03% |
| Syrma SGS | Industrial Manufacturing | 0.87% | +0.02% |
| Pidilite Industries | Chemicals & Petrochemicals | 0.85% | -0.29% |
| Blue Star | Consumer Durables | 0.84% | +0.07% |
| Dhoot Transmission | Auto Components | 0.81% | +0.08% |
| Azad Engineering | Electrical Equipment | 0.79% | +0.09% |
| Aditya Infotech | Industrial Manufacturing | 0.64% | +0.51% |
| Radico Khaitan | Beverages | 0.63% | +0.01% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.62% | -0.06% |
| Cyient DLM | Aerospace & Defense | 0.59% | +0.14% |
| Voltas | Consumer Durables | 0.55% | -0.30% |
| Piramal Pharma | Pharmaceuticals & Biotechnology | 0.55% | +0.01% |
| Triveni Turbines | Electrical Equipment | 0.54% | -0.01% |
| Bosch | Auto Components | 0.53% | -0.11% |
| Kirloskar Oil Engines | Industrial Products | 0.52% | +0.06% |
| SRF | Chemicals & Petrochemicals | 0.52% | +0.01% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.50% | -0.62% |
| Tenneco Clean Air | Auto Components | 0.49% | -0.24% |
| KPR Mill | Textiles & Apparels | 0.44% | -0.01% |
| MTAR Technologies | Electrical Equipment | 0.44% | +0.11% |
| PG Electroplast | Consumer Durables | 0.43% | -0.05% |
| Aether Industries | Chemicals & Petrochemicals | 0.36% | +0.07% |
| Avalon Technologies | Electrical Equipment | 0.33% | -0.10% |
| Grindwell Norton | Industrial Products | 0.31% | -0.01% |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 0.28% | +0.01% |
| Voltamp Transformers | Electrical Equipment | 0.24% | +0.00% |
| KEI Industries | Industrial Products | 0.20% | -0.59% |
| Rubicon Research | Pharmaceuticals & Biotechnology | 0.19% | — |
| PI Industries | Fertilizers & Agrochemicals | 0.16% | -0.17% |
| Net Receivables / (Payables) | Net Current Assets | -0.06% | — |
Sector Allocation · Sep 2026
View all 17 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.13 | 16.32 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.24 | -0.32 | Above Average |
| 3Y | 0.69 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.18 | 0.19 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
|
Axis Nifty Smallcap 50 Index Fund
Direct Plan · IDCW Option
|
+8.53% | +16.64% | — | +16.76% |
About This Scheme
Investment Objective
To provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Equity & Equity related instruments selected based on the manufacturing theme: 80%-100%, Other Equity & Equity Related Instruments - 0%-20%, Debt & Money MarketInstruments: 0%-20%, Units issued by InVITs: 0%-10%
Exit Load
If redeemed / switched-out within 90 days from the date of allotment: For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 90 days from the date of allotment: Nil
Fund Managers
Mr. Nitin Arora
Mr. Nitin Arora - Comanage/Domestic Equities
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.