Top Manufacturing Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 13 Manufacturing mutual funds. Their average 3 year return is 18.4% a year, and +4.1% over the last year. The highest 3 year returns: Bank of India Manufacturing & Infrastructure Fund 21.0%, Aditya Birla Sun Life Manufacturing Equity Fund 19.9%, Kotak Manufacture In India Fund 18.9%.
- Total AUM
- ₹34,251 Cr
- As on 30-09-2026
- Funds
- 13
- From 13 fund houses
- Expense ratio
- 0.76% to 1.93%
- Direct plans, lowest to highest
- Average 3Y return
- 18.4%
- A year, Direct plans
All Manufacturing Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Manufacturing & Infrastructure Fund | 1 | 984 | +9.04% | +21.01% | +19.64% | +18.81% | Very High | 0.99% | 1% within 3 months | 17.14% |
| Aditya Birla Sun Life Manufacturing Equity Fund | 2 | 1,386 | +10.63% | +19.85% | +14.26% | +13.07% | Very High | 1.40% | 1% within 90 days | 15.93% |
| Kotak Manufacture In India Fund | 3 | 3,132 | +6.20% | +18.88% | -- | -- | Very High | 0.76% | 0.5% within 90 days | 15.92% |
| ICICI Prudential Manufacturing Fund | 4 | 6,918 | −0.08% | +17.66% | +17.06% | -- | -- | 1.20% | 1% within 1 month | 15.83% |
| quant Manufacturing Fund | 5 | 713 | +2.33% | +14.46% | -- | -- | Very High | 1.46% | 1% within 15 days | 18.87% |
| HDFC Manufacturing Fund | -- | 10,280 | −0.95% | -- | -- | -- | Very High | 0.95% | 1% within 1 month | -- |
| Axis India Manufacturing Fund | -- | 5,540 | +8.28% | -- | -- | -- | Very High | 0.93% | 1% within 90 days | -- |
| Canara Robeco Manufacturing Fund | -- | 1,697 | +0.83% | -- | -- | -- | Very High | 1.01% | 1% within 365 days | -- |
| Baroda BNP Paribas Manufacturing Fund | -- | 783 | +2.19% | -- | -- | -- | -- | 1.32% | -- | -- |
| LIC MF Manufacturing Fund | -- | 770 | +5.85% | -- | -- | -- | Very High | 1.46% | 1% within 90 days | -- |
| Invesco India Manufacturing Fund | -- | 732 | +10.98% | -- | -- | -- | Very High | 1.15% | 0.5% within 3 months | -- |
| Motilal Oswal Manufacturing Fund | -- | 669 | −3.90% | -- | -- | -- | Very High | 1.93% | 1% within 3 months | -- |
| Mahindra Manulife Manufacturing Fund | -- | 648 | +1.36% | -- | -- | -- | Very High | 1.18% | Varies | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Manufacturing Funds Bought and Sold in September 2026
What the 5 largest Manufacturing funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| Premier Energies Ltd.ICICI Prudential Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| TD Power Systems LimitedAxis India Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| MTAR Technologies LimitedAxis India Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| Gland Pharma Ltd.ICICI Prudential Manufacturing, Axis India Manufacturing | 1 fund | 1 fund |
| Dhoot Transmission LtdAxis India Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| Hindustan Aeronautics Ltd.Axis India Manufacturing, Canara Robeco Manufacturing | -- | 2 funds |
| Indo-Mim Ltd.Axis India Manufacturing, Canara Robeco Manufacturing | -- | 2 funds |
| Aditya Infotech LimitedAxis India Manufacturing, Kotak Manufacture In India | -- | 2 funds |
| Crompton Greaves Consumer Elec. Ltd.HDFC Manufacturing, ICICI Prudential Manufacturing | -- | 2 funds |
| Kirloskar Oil Engines Ltd.ICICI Prudential Manufacturing, Canara Robeco Manufacturing | -- | 2 funds |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Larsen & Toubro Ltd.ICICI Prudential Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| Maruti Suzuki India Ltd.Axis India Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| Siemens Energy India LimitedHDFC Manufacturing, ICICI Prudential Manufacturing | 1 fund | 1 fund |
| Voltas LimitedAxis India Manufacturing, Canara Robeco Manufacturing | 1 fund | 1 fund |
| Glenmark Pharmaceuticals Ltd.HDFC Manufacturing, Axis India Manufacturing | -- | 2 funds |
| Anthem Biosciences LimitedHDFC Manufacturing, ICICI Prudential Manufacturing | -- | 2 funds |
| Bosch LimitedHDFC Manufacturing, Axis India Manufacturing | -- | 2 funds |
| Hindustan Aeronautics Ltd.ICICI Prudential Manufacturing | 1 fund | -- |
| ADANI ENTERPRISES LIMTIEDHDFC Manufacturing | 1 fund | -- |
| Petronet LNG Ltd.HDFC Manufacturing | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: HDFC Manufacturing Fund, ICICI Prudential Manufacturing Fund, Axis India Manufacturing Fund, Kotak Manufacture In India Fund, Canara Robeco Manufacturing Fund.
Compare Manufacturing Funds
The largest funds of the category, side by side
- HDFC Manufacturing vs ICICI Prudential Manufacturing
- HDFC Manufacturing vs Axis India Manufacturing
- HDFC Manufacturing vs Kotak Manufacture In India
- ICICI Prudential Manufacturing vs Axis India Manufacturing
- ICICI Prudential Manufacturing vs Kotak Manufacture In India
- Axis India Manufacturing vs Kotak Manufacture In India
How Manufacturing Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Manufacturing Fund?
Sector and theme funds that invest in manufacturing companies. SEBI requires at least 80% of such a fund in its sector or theme.
Other sector and theme categories: Banking & Financial Services · Technology · Healthcare & Pharma · Infrastructure · Consumption · PSU · Energy & Commodities · MNC · ESG · Business Cycle · Transport & Auto
Manufacturing Funds: Frequently Asked Questions
Which are the top Manufacturing mutual funds?
By 3 year return, the top Manufacturing funds are 1. Bank of India Manufacturing & Infrastructure Fund (21.0% a year), 2. Aditya Birla Sun Life Manufacturing Equity Fund (19.9% a year), 3. Kotak Manufacture In India Fund (18.9% a year), 4. ICICI Prudential Manufacturing Fund (17.7% a year), 5. quant Manufacturing Fund (14.5% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Manufacturing funds are there?
13 Manufacturing funds are open for investment, from 13 fund houses.
What is a Manufacturing fund?
Sector and theme funds that invest in manufacturing companies. SEBI requires at least 80% of such a fund in its sector or theme.
What is the average return of Manufacturing funds?
1 year: 4.1%, 3 years: 18.4% a year, 5 years: 17.0% a year. The simple average of every Manufacturing fund's Direct plan.
Which Manufacturing fund has the lowest expense ratio?
Kotak Manufacture In India Fund, at 0.76% a year (Direct plan), as reported to AMFI.
Which is the largest Manufacturing fund?
HDFC Manufacturing Fund, with ₹10,280 Cr of investors' money on 30-09-2026.
How are Manufacturing funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.