Kotak Manufacture in India Fund
Kotak Mahindra Mutual Fund · Sectoral/Thematic · Direct plan, growth option
NAV (₹), 1 Oct 2026
23.3460
1-day change
-1.06%
1Y return
15.6%
3Y CAGR
19.7%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 2 Mar 2022 to 1 Oct 2026
Returns vs Sectoral/Thematic median (253 schemes) and “Manufacturing” median (11)
| Period | Scheme | Category median | Manufacturing median |
|---|---|---|---|
| 1 month | -2.5% | -5.4% | -4.6% |
| 3 months | 4.6% | -2.8% | -0.6% |
| 6 months | 18.3% | 8.9% | 17.8% |
| Year to date | 11.1% | -2.0% | 11.1% |
| 1 year | 15.6% | 1.4% | 11.2% |
| 3 years (CAGR) | 19.7% | 13.0% | 18.9% |
| 5 years (CAGR) | n/a | 12.0% | 16.4% |
| 7 years (CAGR) | n/a | 17.0% | 20.1% |
| 10 years (CAGR) | n/a | 14.6% | 13.7% |
| Since first NAV (CAGR) | 20.3% | – | – |
“Manufacturing” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 18.7% | 11.8% |
| 3Y rolling median | 22.0% | 17.5% |
| 3Y rolling worst | 16.0% | 3.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 84% |
| 5Y rolling median | n/a | 15.6% |
| 5Y rolling worst | n/a | 1.8% |
| 5Y periods ahead of benchmark | n/a | 91% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 17.0% | 16.7% |
| Sharpe ratio | 0.85 | 0.42 |
| Sortino ratio | 1.30 | 0.63 |
| Beta | 1.00 | 0.96 |
| Alpha (ann.) | 11.0% | 3.7% |
| Upside capture | 137.22 | 106.94 |
| Downside capture | 88.57 | 95.17 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −22.3% | −23.1% |
| Maximum drawdown, last 10Y | n/a | −38.3% |
| Maximum drawdown, last 5Y | n/a | −22.3% |
| Current drawdown | −3.8% | −8.3% |
| Recovery time of worst fall | 202 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.08% a year and the Direct plan's 0.77%, a gap of 1.31%; over the last 3 years the Direct plan returned 1.73 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹30,32,299.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Harsha Upadhyaya | 1 Oct 2023 | |
| Abhishek Bisen | 1 Oct 2023 |
Objective: The scheme shall seek to generate capital appreciation by investing in a diversified portfolio of companies that follow the manufacturing theme.However, there can be no assurance that the investment objective of the Scheme will be realized.
Stated asset allocation: Investments Indicative Allocation Equity and Equity Related Instruments of companies having manufacturing theme 80%-100% Equity and Equity Related Instruments of companies other than having manufacturing theme 0%-20% Debt and Money Market Instruments 0%-20% Units of Gold/Silver ETF 0%-20% Units of InvITs 0%-10%
Benchmark (tier 1): Nifty India Manufacturing Total Return Index
Exit load: For redemption / switch out within 90 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 90 days from the date of allotment -Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCWs shall not be subject to entry and exit load
Minimum application: Rs. 100/-
Allotment date: 22 Feb 2022
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.77% | 1.15% |
| AUM, whole scheme (₹ crore) | 3,206 | 1,272 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 17.5% | 5.5% TRI |
| Return, 3 years (AMFI) | 20.1% | 17.2% TRI |
| Month-ends above category median (3Y CAGR) | 95% | 53% median |
| Month-ends in category top quartile (3Y) | 32% | 24% median |
Official benchmark: Nifty India Manufacturing TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 11.1% | -7.8% | +18.9% |
| 2025 | 9.0% | 7.7% | +1.4% |
| 2024 | 27.8% | 15.6% | +12.2% |
| 2023 | 34.4% | 26.5% | +7.9% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,30,830 | 17.1% |
| 3 years | ₹3,60,000 | ₹4,51,239 | 15.2% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Sectoral/Thematic
Plan / option: Direct · Growth
AMFI scheme code: 149841
ISIN: INF174KA1IF4
First NAV in MFIC data: 2 Mar 2022
History: 4.6 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Axis India Manufacturing Fund | Sectoral/Thematic | 0.98 | n/a |
| HDFC Manufacturing Fund | Sectoral/Thematic | 0.97 | n/a |
| Mahindra Manulife Manufacturing Fund | Sectoral/Thematic | 0.96 | n/a |
| Canara Robeco Manufacturing Fund | Sectoral/Thematic | 0.95 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.95 | n/a |
| Invesco India Manufacturing Fund | Sectoral/Thematic | 0.95 | n/a |
Questions about Kotak Manufacture in India Fund
- What is the latest NAV of Kotak Manufacture in India Fund?
- The NAV of the Direct plan (growth option) was ₹23.3460 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak Manufacture in India Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 253 Sectoral/Thematic schemes (Direct plans).
- What returns has Kotak Manufacture in India Fund delivered?
- Over one year the NAV changed by 15.6%. The 3-year CAGR is 19.7% (category median 13.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 22.0%, the lowest was 16.0%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in Kotak Manufacture in India Fund's NAV?
- The largest peak-to-trough fall in its available history was 22.3%.
- How volatile is Kotak Manufacture in India Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 17.0%, which is above the Sectoral/Thematic category median of 16.7%.
- What would a monthly SIP in Kotak Manufacture in India Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹4,51,239 on 1 Oct 2026, an annualised return (XIRR) of 15.2%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Kotak Manufacture in India Fund?
- The total expense ratio of the Direct plan is 0.77% a year, as disclosed to AMFI (median of Sectoral/Thematic Direct plans: 1.15%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Kotak Manufacture in India Fund?
- Assets under management of the whole scheme were ₹3,206 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak Manufacture in India Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Kotak Manufacture in India Fund and how has it compared?
- Its official benchmark is the Nifty India Manufacturing TRI. Over 3 years AMFI reports a return of 20.1% for this plan against 17.2% for the benchmark total return index. Past performance does not indicate future results.
- How often has Kotak Manufacture in India Fund beaten its category?
- At 95% of the 19 month-ends compared over the last 10 years, its 3-year return was above the median of Sectoral/Thematic schemes (Direct plans); it was in the top quarter at 32% of them. A typical scheme would show about 50%.
- Who manages Kotak Manufacture in India Fund?
- According to its Scheme Summary Document, Kotak Manufacture in India Fund is managed by Harsha Upadhyaya (since 1 Oct 2023), Abhishek Bisen (since 1 Oct 2023).
- What is the exit load of Kotak Manufacture in India Fund?
- As stated in its scheme documents: For redemption / switch out within 90 days from the date of allotment: 0.5% If units are redeemed or switched out on or after 90 days from the date of allotment -Nil Units issued on reinvestment of IDCW shall not be subject to entry and exit load. Any exit load charged (net off Goods and Services tax, if any) shall be credited back to the Scheme. Units issued on reinvestment of IDCWs shall not be subject to entry and exit load Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Kotak Manufacture in India Fund?
- The minimum application amount is Rs. 100/-. SIP details: SIP - Rs. 100/- and any amount thereafter,SWP - Rs. 1000 STP - Rs. 1000.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 15.6% and the Regular plan's by 14.0%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.