Axis Mutual Fund · Direct Growth · SEBI Category: Equity
Axis India Manufacturing Fund invests in companies benefiting from India's manufacturing renaissance — driven by the Production Linked Incentive (PLI) scheme across 14 sectors, China+1 supply chain diversification, defence indigenisation and the broader Make in India initiative. The fund covers electronics manufacturers, specialty chemical companies, auto component makers, textile exporters, pharmaceutical manufacturers and industrial machinery companies.
The PLI scheme is providing ₹1.97 lakh crore in incentives across 14 sectors — electronics, pharmaceuticals, telecom, specialty steel, automobiles, advanced chemistry cells and more. Companies receiving PLI incentives are committing to significant capacity expansion — creating a multi-year capex cycle in Indian manufacturing. Axis India Manufacturing Fund aims to capture the equity returns from this manufacturing investment cycle.
Shreyash Devalkar and Hitesh Das co-manage the Axis India Manufacturing Fund — applying Axis MF's quality-growth framework to the manufacturing theme. Devalkar's quality filter means the fund targets manufacturing companies with strong competitive advantages, pricing power, clean balance sheets and management integrity — not just any company that labels itself as a PLI beneficiary.
For current co-manager details and full biography, refer to the latest Axis Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view - not judgements or recommendations.
Calculated from 606 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y - simple point-to-point return · 3Y / 5Y / 10Y - CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point - not CAGR.
Rolling returns show performance across every possible investment start date - not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV - what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
When NAV is above 200 DMA the fund is in an uptrend. When below, it signals caution. Calculated from NAV data in DB.
Calculated from 3 years of daily NAV - industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes - from official AMC disclosures.
See how Axis India Manufacturing Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM - side by side.
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