By Nupur AcharyaAxis Mutual Fund is looking at one of India’s most beaten-down sectors -- the auto industry -- to help keep it in the top ranks of the nation’s asset managers.The investor is slowly increasing exposure to select companies as it sees “some signs” of demand revival with a better-than-expected monsoon and lower corporate tax rates supporting sentiment.“We are adding auto to our portfolio,” Jinesh Gopani, head of equity for Axis Asset Management Co., overseeing about 570 billion rupees ($8 billion) of assets, said in an interview on Friday.