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Sectoral / Thematic · Axis Mutual Fund · AMFI code 152202Axis India Manufacturing Fund
Disclosed for 7 months, Jan 2026 to Sep 2026.
Portfolio value
₹5,344 Cr
up ₹663 Cr vs Mar 2026
- Stocks held
- 84
- down 6 vs Mar 2026
- Top 10 weight
- 34.0%
- of the portfolio in its ten largest
- Cash & debt
- 2.3%
- cash, money market and debt
- Moves this month
- 10 in · 16 out
- added to 10, trimmed 15
Axis India Manufacturing Fund is an active equity fund in the Sectoral / Thematic category from Axis Mutual Fund. In May 2026 it disclosed 84 stocks worth ₹5,344 Cr, up ₹663 Cr from Mar 2026. Its largest positions were Mahindra & Mahindra Limited (5.1%), Bharat Electronics Limited (4.1%), Reliance Industries Limited (3.8%); the ten largest together made up 34.0% of the portfolio, and Automobiles was the biggest sector at 14.4% of its equity. Cash and debt stood at 2.3%. Compared with Mar 2026 the fund entered 10 new stocks and exited 16.
Against 226 other Sectoral / Thematic funds
Concentration
14%
Top-10 weight is higher than 14% of peers
Breadth
97%
Holds more stocks than 97% of peers
Cash
33%
Holds more cash than 33% of peers
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it.
| Mahindra & Mahindra Limited | 5.06% | down 0.45 pts | ₹270 Cr | up ₹12.7 Cr | Added |
| Bharat Electronics Limited | 4.11% | down 0.56 pts | ₹220 Cr | up ₹77 L | Held |
| Reliance Industries Limited | 3.77% | down 1.26 pts | ₹202 Cr | down ₹34.2 Cr | Trimmed |
| Hindalco Industries Limited | 3.64% | up 0.99 pts | ₹194 Cr | up ₹70.2 Cr | Added |
| Sun Pharmaceutical Industries Limited | 3.60% | down 0.41 pts | ₹193 Cr | up ₹4.5 Cr | Added |
| Cummins India Limited | 3.06% | up 0.73 pts | ₹163 Cr | up ₹54.7 Cr | Added |
| Tata Steel Limited | 3.01% | up 0.33 pts | ₹161 Cr | up ₹35.5 Cr | Added |
| Divi's Laboratories Limited | 2.65% | up 0.05 pts | ₹142 Cr | up ₹20.1 Cr | Added |
| GE Vernova T&D India Limited | 2.59% | up 0.56 pts | ₹138 Cr | up ₹43.4 Cr | Added |
| Sona BLW Precision Forgings Limited | 2.55% | up 0.92 pts | ₹136 Cr | up ₹59.9 Cr | Added |
| Bharat Heavy Electricals Limited | 2.53% | up 1.33 pts | ₹135 Cr | up ₹78.9 Cr | Added |
| Maruti Suzuki India Limited | 2.42% | up 0.05 pts | ₹130 Cr | up ₹18.6 Cr | Added |
| Cash, TREPS & receivables | 2.31% | down 6.29 pts | ₹123 Cr | down ₹279 Cr | Trimmed |
| Samvardhana Motherson International Limited | 2.20% | up 1.28 pts | ₹117 Cr | up ₹74.4 Cr | Added |
| Solar Industries India Limited | 1.91% | up 0.47 pts | ₹102 Cr | up ₹34.4 Cr | Added |
| JSW Steel Limited | 1.89% | up 0.29 pts | ₹101 Cr | up ₹26.1 Cr | Added |
| Craftsman Automation Limited | 1.89% | up 0.64 pts | ₹101 Cr | up ₹42.6 Cr | Added |
| Hindustan Aeronautics Limited | 1.71% | up 0.77 pts | ₹91.5 Cr | up ₹47.2 Cr | Added |
| Apar Industries Limited | 1.70% | up 1.10 pts | ₹90.6 Cr | up ₹62.7 Cr | Added |
| TVS Motor Company Limited | 1.66% | down 0.67 pts | ₹88.7 Cr | down ₹20.2 Cr | Trimmed |
| Bharat Forge Limited | 1.63% | up 0.96 pts | ₹87.1 Cr | up ₹55.5 Cr | Added |
| Premier Energies Limited | 1.51% | down 0.71 pts | ₹80.5 Cr | down ₹23.4 Cr | Trimmed |
| UltraTech Cement Limited | 1.49% | down 0.10 pts | ₹79.8 Cr | up ₹5.1 Cr | Added |
| Sansera Engineering Limited | 1.49% | up 0.37 pts | ₹79.6 Cr | up ₹27.2 Cr | Added |
| Bajaj Auto Limited | 1.40% | down 0.14 pts | ₹75 Cr | up ₹2.8 Cr | Added |
| Minda Corporation Limited | 1.31% | up 0.10 pts | ₹70.2 Cr | up ₹13.4 Cr | Added |
| CG Power and Industrial Solutions Limited | 1.27% | up 0.05 pts | ₹67.8 Cr | up ₹10.9 Cr | Added |
| JB Chemicals & Pharmaceuticals Limited | 1.23% | down 0.18 pts | ₹66 Cr | down ₹18 L | Held |
| Bharat Petroleum Corporation Limited | 1.23% | down 0.23 pts | ₹65.8 Cr | down ₹2.5 Cr | Trimmed |
| Torrent Pharmaceuticals Limited | 1.20% | down 0.13 pts | ₹64.2 Cr | up ₹1.9 Cr | Added |
| Jindal Steel & Power Limited | 1.20% | up 0.14 pts | ₹63.9 Cr | up ₹14.4 Cr | Added |
| Varun Beverages Limited | 1.20% | up 0.29 pts | ₹63.9 Cr | up ₹21.6 Cr | Added |
| Pidilite Industries Limited | 1.19% | up 0.01 pts | ₹63.3 Cr | up ₹8.4 Cr | Added |
| Ather Energy Limited | 1.18% | up 0.60 pts | ₹63 Cr | up ₹36.1 Cr | Added |
| Schaeffler India Limited | 1.17% | down 0.07 pts | ₹62.7 Cr | up ₹4.3 Cr | Added |
| Hyundai Motor India Ltd | 1.15% | down 0.06 pts | ₹61.5 Cr | up ₹4.7 Cr | Added |
| Glenmark Pharmaceuticals Limited | 1.10% | down 0.08 pts | ₹58.6 Cr | up ₹3.7 Cr | Added |
| Vedanta Limited | 1.09% | down 1.47 pts | ₹58.3 Cr | down ₹61.4 Cr | Trimmed |
| Blue Star Limited | 1.08% | up 0.40 pts | ₹57.9 Cr | up ₹26 Cr | Added |
| Eicher Motors Limited | 0.93% | up 0.20 pts | ₹49.6 Cr | up ₹15.7 Cr | Added |
| Welspun Corp Limited | 0.90% | up 0.39 pts | ₹48.1 Cr | up ₹24.3 Cr | Added |
| Hitachi Energy India Limited | 0.89% | up 0.45 pts | ₹47.4 Cr | up ₹26.9 Cr | Added |
| Tenneco Clean Air India Limited | 0.89% | up 0.41 pts | ₹47.3 Cr | up ₹25 Cr | Added |
| Laurus Labs Limited | 0.88% | down 0.10 pts | ₹47.2 Cr | up ₹94 L | Added |
| Amber Enterprises India Limited | 0.88% | up 0.88 pts | ₹46.8 Cr | up ₹46.8 Cr | New |
| Bosch Limited | 0.82% | up 0.36 pts | ₹43.8 Cr | up ₹22.2 Cr | Added |
| Happy Forgings Limited | 0.81% | up 0.04 pts | ₹43.1 Cr | up ₹7.2 Cr | Added |
| Syrma SGS Technology Limited | 0.79% | up 0.45 pts | ₹42.3 Cr | up ₹26.5 Cr | Added |
| Triveni Turbine Limited | 0.72% | up 0.54 pts | ₹38.4 Cr | up ₹30.2 Cr | Added |
| Carborundum Universal Limited | 0.70% | up 0.18 pts | ₹37.6 Cr | up ₹13 Cr | Added |
What changed, Mar 2026 to May 2026
New New positions (10)
- Amber Enterprises India Limited0.9% · ₹46.8 Cr
- TD Power Systems Limited0.5% · ₹28.4 Cr
- Radico Khaitan Limited0.5% · ₹28.2 Cr
- Asian Paints Limited0.5% · ₹26.9 Cr
- Malco Energy Limited0.4% · ₹20 Cr
- Vedanta Aluminium Metal Limited0.4% · ₹20 Cr
- Vedanta Iron And Steel Limited0.4% · ₹20 Cr
- TALWANDI SABO POWER LIMITED0.4% · ₹20 Cr
- MTAR Technologies Limited0.2% · ₹11.6 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Mar 2026, the weight rose most in Auto Components (+3.0 pts) and Electrical Equipment (+2.5 pts), and fell most in Pharmaceuticals & Biotechnology (−2.7 pts) and Petroleum Products (−2.4 pts).
- Auto Components9.8% → 12.7%+3.0 pts
- Electrical Equipment10.5% → 13.0%+2.5 pts
- Industrial Products8.3% → 9.7%+1.4 pts
- Non - Ferrous Metals2.9% → 4.1%+1.2 pts
- Consumer Durables3.1% → 3.9%+0.8 pts
- Ferrous Metals5.8% → 6.6%+0.8 pts
- Pharmaceuticals & Biotechnology14.2% → 11.5%−2.7 pts
- Petroleum Products7.6% → 5.1%−2.4 pts
- Diversified Metals2.8% → 1.1%−1.7 pts
- Automobiles15.8% → 14.4%−1.5 pts
- Food Products1.1% → 0.0%exited−1.1 pts
- Cement & Cement Products2.2% → 1.5%−0.7 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Feb 2026 | Mar 2026 | May 2026 |
|---|---|---|---|
| Automobiles | 17.2% | 15.8% | 14.4% |
| Electrical Equipment | 9.7% | 10.5% | 13.0% |
| Auto Components | 10.5% | 9.8% | 12.7% |
| Pharmaceuticals & Biotechnology | 12.5% | 14.2% | 11.5% |
| Industrial Products | 8.5% | 8.3% | 9.7% |
| Ferrous Metals | 5.2% | 5.8% | 6.6% |
| Aerospace & Defense | 6.0% | 6.2% | 6.2% |
| Petroleum Products | 7.3% | 7.6% | 5.1% |
| Non - Ferrous Metals | 2.3% | 2.9% | 4.1% |
| Chemicals & Petrochemicals | 4.3% | 4.1% | 4.0% |
Allocation in May 2026change vs Mar 2026
- Automobiles (9)14.4%▼ 1.5 pts
- Electrical Equipment (10)13.0%▲ 2.5 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, May 2026
2.3%
▼ 6.3 pts vs Mar 2026
- Cash alone
- 2.3%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.3% – 8.6%
- lowest to highest · record 8.6% in Mar 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.