https://v2.webnotes.in/tags/make-in-india/Recent content in Make in India on WebNotesHugoen-INMon, 18 May 2026 00:00:00 +0000https://v2.webnotes.in/manufacturing-fund/Mon, 18 May 2026 00:00:00 +0000https://v2.webnotes.in/manufacturing-fund/<p>A <strong>Manufacturing mutual fund</strong> is a thematic equity scheme that invests at least 80 per cent of its corpus in manufacturing-themed companies including industrials, capital goods, defence, electronics, automotive, and related sectors. The category was popularised in the 2020-2024 period reflecting the Make in India and Production-Linked Incentive (PLI) scheme tailwinds driving Indian manufacturing capex.</p> <p>For Indian retail investors, manufacturing mutual funds offer:</p> <ul> <li><strong>Make in India tailwind</strong>: Government-driven manufacturing push.</li> <li><strong>PLI scheme beneficiaries</strong>: Across electronics, pharma APIs, autos, etc.</li> <li><strong>Diversified manufacturing exposure</strong>: Industrials + capital goods + autos + defence.</li> <li><strong>Cyclical opportunity</strong>: Indian manufacturing capex revival.</li> </ul> <h2 id="major-manufacturing-funds">Major manufacturing funds</h2> <ul> <li><strong>ICICI Prudential Manufacturing Fund</strong>: One of the early entrants in the category.</li> <li><strong>Aditya Birla Sun Life Manufacturing Equity Fund</strong>.</li> <li><strong>Kotak Manufacture in India Fund</strong>.</li> <li><strong>HDFC Defence Fund</strong>: Focused on defence manufacturing subset.</li> <li><strong>Tata Indian Industrials Fund</strong>.</li> </ul> <p>Many of these were launched 2020-2023 to capture the Make in India theme.</p>