Mutual fund · Sectoral / Thematic
HDFC Manufacturing Fund
₹10,280 cr across 88 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: +6% over 1 year against the median Sectoral / Thematic fund's +2%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Manufacturing Fund | +2% | +6% | — | — |
| Median Sectoral / Thematic fund | −2% | +2% | +12% | +11% |
—Q3 FY24—Q4 FY24—Q1 FY25—Q2 FY25—Q3 FY25—Q4 FY250%Q1 FY26−4%Q2 FY26+7%Q3 FY26+2%Q4 FY26+6%Q1 FY27+6%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| Divis Laboratories Ltd. | +2.1 pp | −0.1 pp |
| Tata Motors Limited | +1.2 pp | −0.3 pp |
| Bharat Forge Ltd. | +1.2 pp | −0.1 pp |
| Hindalco Industries Ltd. | +0.8 pp | −0.1 pp |
| PEARL GLOBAL INDUSTRIES LIMITED | +0.8 pp | 0.0 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| Tata Motors Ltd. | −1.8 pp | 0.0 pp |
| Ambuja Cements Ltd. | −0.8 pp | −0.1 pp |
| Tata Motors Passenger Vehicles Limited | −0.8 pp | −0.2 pp |
| Reliance Industries Ltd. | −0.6 pp | −0.3 pp |
| Godrej Consumer Products Ltd. | −0.6 pp | −0.1 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| Divi's Laboratories Limited | Healthcare | 6.01% | ₹618 cr | 29 mo | +79% |
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 4.50% | ₹463 cr | 29 mo | -14% |
| M & M | Automobile and Auto Components | 3.50% | ₹360 cr | 29 mo | -4% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 3.33% | ₹342 cr | 29 mo | -4% |
| JSW Steel | Metals & Mining | 3.29% | ₹338 cr | 29 mo | +35% |
| Tata Motors Limited | Capital Goods | 2.87% | ₹295 cr | 12 mo | +59% |
| Bharat Electronics Limited | Capital Goods | 2.42% | ₹249 cr | 29 mo | +31% |
| Hindustan Aeronautics Limited | Capital Goods | 2.38% | ₹245 cr | 29 mo | -6% |
| Bajaj Auto | Automobile and Auto Components | 2.22% | ₹228 cr | 29 mo | +16% |
| Cummins India Limited | Capital Goods | 2.06% | ₹212 cr | 29 mo | +34% |
| Cyient DLM | Capital Goods | 2.02% | ₹207 cr | 29 mo | +34% |
| Tata Motors Passenger Vehicles Limited | Automobile and Auto Components | 1.99% | ₹204 cr | 11 mo | -21% |
| Sun Pharmaceutical Industries Limited | Healthcare | 1.90% | ₹195 cr | 29 mo | +19% |
| Dixon Technologies (India) Limited | Consumer Durables | 1.85% | ₹190 cr | 9 mo | +26% |
| H P C L | Oil, Gas & Consumable Fuels | 1.83% | ₹188 cr | 29 mo | -10% |
How this fund actually behaves
Computed from every filed monthly portfolio (29 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 9 mo (5–15) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (28 exits) | 61% · payoff 1.9× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 47× · 46% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices (P/E covers 91% of equity) | 87.3× P/E · 7.6× P/B · 3% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 88 positions | 29 in · 24 out |
| Concentration | Top 10 holdings' share; effective number of positions | 33% · ~49 effective |