Best Manufacturing Funds
Make-in-India: industrials, defence and capital goods.
Data updated · 13 direct-growth funds ranked by a transparent 0–100 Smart Score
| ⚖ VS | Fund | Score ↓ | Verdict | 1Y | 3Y | 5Y | Sharpe | Sortino | Std Dev | Alpha | Beta | VR★ | P/E | Expense | AUM | Age |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis India ManufacturIng Axis | 80 | Strong Buy | 19.4% | — | — | 0.91 | 1.23 | 15.9 | 10.8 | 1.01 | — | 37.5 | 0.89% | ₹5.4k Cr | 2.7y | |
| Bank Of India Mfg & Infra Bank of India | 76 | Buy | 20.4% | 22.5% | 21.4% | 1.10 | — | 18.4 | 10.2 | 1.09 | — | — | 1.04% | ₹893 Cr | 13.7y | |
| Canara Robeco ManufacturIng Canara Robeco | 60 | Hold | 13.8% | — | — | 0.62 | 0.84 | 17.2 | 8.1 | 1.07 | — | 40.6 | 0.93% | ₹1.7k Cr | 2.5y | |
| Kotak Manufacture In India Kotak | 56 | Hold | 20.3% | 20.5% | — | 0.96 | 1.18 | 17.3 | -0.0 | 0.96 | — | 35.3 | 0.75% | ₹2.9k Cr | 4.5y | |
| HDFC ManufacturIng HDFC | 52 | Hold | 11.2% | — | — | 0.14 | 0.18 | 16.0 | 1.8 | 1.00 | — | 21.2 | 0.93% | ₹10.6k Cr | 2.3y | |
| ICICI Pru ManufacturIng ICICI Pru | 50 | Hold | 12.1% | 21.3% | 19.7% | 1.03 | — | 18.5 | 1.2 | 1.03 | — | — | 1.18% | ₹7.1k Cr | 7.9y | |
| ABSL ManufacturIng Equity Aditya Birla Sun Life | 49 | Hold | 27.8% | 22.3% | 16.0% | 0.95 | 1.35 | 17.9 | 0.2 | 0.97 | — | — | 1.44% | ₹1.3k Cr | 11.6y | |
| Invesco India ManufacturIng Invesco | 48 | Hold | 17.0% | — | — | 0.19 | 0.26 | 17.0 | 8.0 | 1.07 | — | 43.3 | 1.05% | ₹719 Cr | 2.1y | |
| Baroda BNP Paribas ManufacturIng Baroda BNP Paribas | 41 | Avoid | 16.6% | — | — | -0.01 | -0.01 | 14.6 | 3.4 | 0.93 | — | 33.0 | 1.27% | ₹846 Cr | 2.2y | |
| LIC MF ManufacturIng LIC | 37 | Avoid | 17.7% | — | — | 0.13 | 0.18 | 17.5 | 8.2 | 1.06 | — | 16.6 | 1.46% | ₹782 Cr | 1.9y | |
| Quant ManufacturIng Quant | 29 | Avoid | 19.1% | 18.3% | — | 0.61 | 0.84 | 19.0 | 4.3 | 1.15 | — | 39.6 | 1.53% | ₹740 Cr | 3.1y | |
| MahIndra Manulife ManufacturIng Mahindra Manulife | 29 | Avoid | 13.7% | — | — | -0.08 | -0.11 | 15.0 | 1.7 | 0.99 | — | 34.8 | 1.20% | ₹673 Cr | 2.2y | |
| Motilal Oswal ManufacturIng Motilal Oswal | 7 | Avoid | 2.8% | — | — | — | — | — | — | — | — | 46.0 | 1.98% | ₹679 Cr | 2.1y |
Manufacturing funds — quick answers
›Which is the best Manufacturing mutual fund right now?
Axis India ManufacturIng currently ranks #1 of 13 Manufacturing funds with a FundLens Smart Score of 80/100 (Strong Buy). It returned — over 3 years at a 0.89% expense ratio (direct plan). Rankings are recomputed from data updated 03 Sept 2026.
›Which Manufacturing fund has the best risk-adjusted returns?
ABSL ManufacturIng Equity leads the category on the Sortino ratio at 1.35 (Sharpe 0.95) — meaning it has delivered the most return per unit of downside risk among Manufacturing funds.
›Which Manufacturing fund has the lowest expense ratio?
Kotak Manufacture In India charges 0.75% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.
›Which is the smallest Manufacturing fund by AUM?
MahIndra Manulife ManufacturIng manages ₹673 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.
›How long should I stay invested in a Manufacturing fund?
Manufacturing funds carry very high risk, so a horizon of 7+ years is generally sensible. Make-in-India: industrials, defence and capital goods. This is research, not investment advice.
Want these answers conversationally? Ask FundLens · New to the ratios? Sharpe vs Sortino, explained