Kotak Manufacture in India Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹22.33-1.26%1 day
- Return since launch
- 19.5%
- 52-week range
- ₹18.12 — ₹22.61
- AUM
- ₹3,127 Cr
Kotak Manufacture in India Fund is a Thematic-Manufacturing equity fund from Kotak Mahindra Mutual Fund with ₹3,127 Cr under management, launched in 2022. Over three years it has returned 15.8% a year, against 17.9% for its category. The expense ratio is 2.06% and the SEBI riskometer reading is Very High.
Performance
Kotak Manufacture in India Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +16.1% against +5.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 21.4% | +12.3 pts | 9.1% | 7.7% |
| 2Y | 16.9% | +5.8 pts | 11.1% | 8.0% |
| 3Y | 15.8% | −2.1 pts | 17.9% | 9.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.7% | +2.0 pts | -2.8% | -3.2% |
| 3M | 6.6% | +4.5 pts | 2.1% | 1.5% |
| 6M | 18.7% | +3.8 pts | 14.8% | 12.0% |
| 1Y | 16.1% | +7.1 pts | 9.1% | 5.4% |
| 2Y | 6.8% | +4.3 pts | 2.5% | 0.8% |
| 3Y | 19.3% | +1.4 pts | 17.9% | 15.7% |
Since launch (1 Feb 2022): 19.5%
Calendar-year returns
Category average32.2%
25.7%
7.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | +2.2 pts | 5.3% |
| 2024 | 25.7% | −1.0 pts | 26.6% |
| 2023 | 32.2% | −4.7 pts | 37.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.08%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.66%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- 0.5% for redemption within 90 Days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty India Manufacturing TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 5.57 | 5.63 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.02 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.81 | 0.82 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.98 | 1.10 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.03 | 17.37 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Kotak Manufacture in India Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity95.5%
- Debt0.5%
- Other4.0%
Market cap split
- Large43.8%
- Mid23.5%
- Small32.7%
- P/E
- 35.30
- P/B
- 4.23
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Rubicon Research Ltd. | Healthcare | 4.85% | ₹152 Cr | +3.05% | +2.42% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.76% | ₹149 Cr | +4.59% | +4.59% | +4.56% |
| Others | Others | 4.00% | ₹126 Cr | -1.36% | -0.24% | +0.74% |
| Mahindra & Mahindra Ltd. | Automobile | 3.94% | ₹123 Cr | +4.16% | +4.81% | +4.25% |
| Divi's Laboratories Ltd. | Healthcare | 3.78% | ₹118 Cr | +2.43% | +2.42% | +2.51% |
| TVS Motor Company Ltd. | Automobile | 3.47% | ₹109 Cr | +3.06% | +3.65% | +2.68% |
| Tata Steel Ltd. | Metals & Mining | 3.42% | ₹107 Cr | +4.40% | +4.65% | +3.47% |
| Reliance Industries Ltd. | Energy | 3.06% | ₹95.78 Cr | +3.61% | +3.95% | +4.16% |
| Maruti Suzuki India Ltd. | Automobile | 2.82% | ₹88.06 Cr | +3.11% | +3.65% | +2.42% |
| Hero Motocorp Ltd. | Automobile | 2.79% | ₹87.20 Cr | +2.86% | +3.45% | +3.12% |
| Bharat Electronics Ltd. | Capital Goods | 2.68% | ₹83.93 Cr | +3.03% | +3.40% | +3.06% |
| Hindalco Industries Ltd. | Metals & Mining | 2.60% | ₹81.24 Cr | +4.11% | +3.49% | +2.88% |
| DEE Development Engineers Ltd. | Services | 2.55% | ₹79.69 Cr | +2.92% | +1.50% | +1.59% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.37% | ₹74.25 Cr | +2.10% | — | — |
| INDO-MIM Ltd. | Capital Goods | 2.31% | ₹72.22 Cr | — | — | — |
| Graphite India Ltd. | Capital Goods | 2.25% | ₹70.26 Cr | +2.65% | +2.71% | +2.09% |
| Eicher Motors Ltd. | Automobile | 1.91% | ₹59.65 Cr | +1.96% | +2.27% | +1.87% |
| company:6832 | Healthcare | 1.76% | ₹54.89 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 1.70% | ₹53.29 Cr | +1.76% | +1.35% | +1.49% |
| Ashok Leyland Ltd. | Automobile | 1.69% | ₹52.69 Cr | +1.70% | +2.39% | +1.56% |
| Powerica Ltd. | Capital Goods | 1.68% | ₹52.56 Cr | +2.04% | — | — |
| Bosch Ltd. | Automobile | 1.60% | ₹50.00 Cr | +1.34% | +1.38% | +2.04% |
| Ultratech Cement Ltd. | Materials | 1.56% | ₹48.66 Cr | +1.78% | +2.03% | +2.20% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.55% | ₹48.55 Cr | — | — | — |
| Britannia Industries Ltd. | Consumer Staples | 1.51% | ₹47.25 Cr | +1.71% | +2.04% | +1.19% |
| Kei Industries Ltd. | Capital Goods | 1.47% | ₹45.92 Cr | +1.54% | +1.54% | +1.25% |
| Avanti Feeds Ltd. | Consumer Staples | 1.45% | ₹45.36 Cr | +0.55% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 1.45% | ₹45.37 Cr | +2.17% | +2.91% | +2.52% |
| The India Cements Ltd. | Materials | 1.42% | ₹44.48 Cr | +1.67% | +1.84% | +1.56% |
| Lohia Corp Ltd. | Materials | 1.41% | ₹44.12 Cr | — | — | — |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.40% | ₹43.69 Cr | +1.61% | +1.00% | — |
| Biocon Ltd. | Healthcare | 1.32% | ₹41.20 Cr | +1.56% | +1.47% | +2.28% |
| Page Industries Ltd. | Textiles | 1.32% | ₹41.17 Cr | — | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.29% | ₹40.23 Cr | +2.59% | +2.98% | +2.77% |
| Anthem Biosciences Ltd. | Healthcare | 1.23% | ₹38.35 Cr | +1.19% | +1.14% | +1.44% |
| ABB India Ltd. | Capital Goods | 1.22% | ₹38.19 Cr | +1.32% | +1.15% | +1.58% |
| Rossell Techsys Ltd. | Capital Goods | 1.21% | ₹37.74 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 1.21% | ₹37.75 Cr | +1.10% | +1.13% | — |
| Sansera Engineering Ltd. | Automobile | 1.16% | ₹36.16 Cr | +0.94% | +0.80% | +0.52% |
| Schaeffler India Ltd. | Capital Goods | 1.03% | ₹32.12 Cr | +0.86% | +0.94% | +0.90% |
| Aditya Infotech Ltd. | Communication | 1.01% | ₹31.66 Cr | +0.94% | +0.57% | — |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 0.98% | ₹30.50 Cr | +0.81% | +0.97% | +1.14% |
| KSH International Ltd. | Capital Goods | 0.98% | ₹30.78 Cr | +1.81% | +0.92% | — |
| Jindal Steel Ltd. | Metals & Mining | 0.95% | ₹29.82 Cr | +1.10% | — | — |
| Tata Motors Ltd. | Automobile | 0.90% | ₹28.27 Cr | +0.83% | +1.15% | — |
| Dalmia Bharat Ltd. | Materials | 0.89% | ₹27.84 Cr | +0.96% | +1.13% | +1.47% |
| Carborundum Universal Ltd. | Metals & Mining | 0.88% | ₹27.67 Cr | +1.03% | +0.86% | +1.03% |
| MV Electrosystems Ltd. | Capital Goods | 0.82% | ₹25.62 Cr | — | — | — |
| SRF Ltd. | Chemicals | 0.82% | ₹25.60 Cr | +0.99% | +0.97% | +1.16% |
| Apollo Tyres Ltd. | Automobile | 0.70% | ₹21.95 Cr | +0.72% | +0.86% | +0.89% |
| Laser Power & Infra Ltd. | Capital Goods | 0.70% | ₹22.03 Cr | — | — | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.64% | ₹19.90 Cr | +0.43% | +0.62% | +0.94% |
| Ipca Laboratories Ltd. | Healthcare | 0.63% | ₹19.75 Cr | +0.56% | +0.58% | +0.57% |
| 3M India Ltd. | Consumer Staples | 0.59% | ₹18.33 Cr | +0.66% | +0.78% | +0.69% |
| Quadrant Future Tek Ltd. | Capital Goods | 0.54% | ₹16.86 Cr | +0.43% | +0.44% | +0.74% |
| Kross Ltd. | Automobile | 0.51% | ₹15.95 Cr | +0.52% | +0.56% | +0.62% |
| Garware Technical Fibres Ltd. | Textiles | 0.47% | ₹14.72 Cr | +0.43% | +0.44% | +0.57% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.47% | ₹14.62 Cr | +0.52% | +0.35% | +0.37% |
| company:20835 | Capital Goods | 0.32% | ₹9.99 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -0.93% | 2.11% | +3.04% |
| Cummins India Ltd. | 2.57% | 0.00% | -2.57% |
| company:6832 | 0.00% | 1.76% | +1.76% |
| Divi's Laboratories Ltd. | 2.73% | 3.78% | +1.05% |
| Lupin Ltd. | 1.02% | 0.00% | -1.02% |
| Voltas Ltd. | 0.88% | 0.00% | -0.88% |
| Rubicon Research Ltd. | 4.21% | 4.85% | +0.64% |
| Hindustan Petroleum Corporation Ltd. | 1.85% | 1.29% | -0.56% |
| DEE Development Engineers Ltd. | 3.10% | 2.55% | -0.55% |
| KSH International Ltd. | 1.50% | 0.98% | -0.52% |
| Mahindra & Mahindra Ltd. | 4.32% | 3.94% | -0.38% |
| MV Electrosystems Ltd. | 0.49% | 0.82% | +0.33% |
| company:20835 | 0.00% | 0.32% | +0.32% |
| Maruti Suzuki India Ltd. | 3.13% | 2.82% | -0.31% |
| Tata Steel Ltd. | 3.73% | 3.42% | -0.31% |
| Tenneco Clean Air India Ltd | 0.94% | 1.21% | +0.27% |
| Reliance Industries Ltd. | 3.32% | 3.06% | -0.26% |
| Page Industries Ltd. | 1.57% | 1.32% | -0.25% |
| Avanti Feeds Ltd. | 1.68% | 1.45% | -0.23% |
| Bosch Ltd. | 1.39% | 1.60% | +0.21% |
| The India Cements Ltd. | 1.62% | 1.42% | -0.20% |
| TVS Motor Company Ltd. | 3.65% | 3.47% | -0.18% |
| Balrampur Chini Mills Ltd. | 1.39% | 1.55% | +0.16% |
| Ultratech Cement Ltd. | 1.71% | 1.56% | -0.15% |
| INDO-MIM Ltd. | 2.17% | 2.31% | +0.14% |
| Powerica Ltd. | 1.82% | 1.68% | -0.14% |
| Britannia Industries Ltd. | 1.65% | 1.51% | -0.14% |
| Sansera Engineering Ltd. | 1.02% | 1.16% | +0.14% |
| Hero Motocorp Ltd. | 2.92% | 2.79% | -0.13% |
| Biocon Ltd. | 1.44% | 1.32% | -0.12% |
| Kei Industries Ltd. | 1.36% | 1.47% | +0.11% |
| Rossell Techsys Ltd. | 1.10% | 1.21% | +0.11% |
| Jyoti CNC Automation Ltd. | 0.55% | 0.64% | +0.09% |
| Eicher Motors Ltd. | 1.99% | 1.91% | -0.08% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.90% | 0.98% | +0.08% |
| Bharat Petroleum Corporation Ltd. | 1.52% | 1.45% | -0.07% |
| Quadrant Future Tek Ltd. | 0.47% | 0.54% | +0.07% |
| SRF Ltd. | 0.89% | 0.82% | -0.07% |
| 3M India Ltd. | 0.65% | 0.59% | -0.06% |
| Emmvee Photovoltaic Power Ltd. | 1.46% | 1.40% | -0.06% |
| Schaeffler India Ltd. | 0.97% | 1.03% | +0.06% |
| Anthem Biosciences Ltd. | 1.18% | 1.23% | +0.05% |
| Solar Industries India Ltd. | 1.65% | 1.70% | +0.05% |
| Hindalco Industries Ltd. | 2.64% | 2.60% | -0.04% |
| Ipca Laboratories Ltd. | 0.59% | 0.63% | +0.04% |
| Lohia Corp Ltd. | 1.45% | 1.41% | -0.04% |
| Sun Pharmaceutical Industries Ltd. | 4.72% | 4.76% | +0.04% |
| Apollo Tyres Ltd. | 0.73% | 0.70% | -0.03% |
| Graphite India Ltd. | 2.22% | 2.25% | +0.03% |
| Bharat Electronics Ltd. | 2.66% | 2.68% | +0.02% |
| Carborundum Universal Ltd. | 0.90% | 0.88% | -0.02% |
| Dalmia Bharat Ltd. | 0.91% | 0.89% | -0.02% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.49% | 0.47% | -0.02% |
| Garware Technical Fibres Ltd. | 0.45% | 0.47% | +0.02% |
| Jindal Steel Ltd. | 0.93% | 0.95% | +0.02% |
| ABB India Ltd. | 1.23% | 1.22% | -0.01% |
| Aditya Infotech Ltd. | 1.02% | 1.01% | -0.01% |
| Kross Ltd. | 0.50% | 0.51% | +0.01% |
| Laser Power & Infra Ltd. | 0.71% | 0.70% | -0.01% |
| Tata Motors Ltd. | 0.89% | 0.90% | +0.01% |
| Dixon Technologies (India) Ltd. | 2.38% | 2.37% | -0.01% |
| Ashok Leyland Ltd. | 1.69% | 1.69% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,198 Cr | 1.51% | 11.2% | 12.1% | 18.4% |
 ICICI Prudential Manufacturing Fund | ₹7,175 Cr | 2.13% | 7.8% | 10.7% | 17.8% |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,402 Cr | 2.32% | 28.7% | 17.9% | 18.9% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹129 Cr | 0.44% | 4.1% | 9.9% | — |
 Navi Nifty India Manufacturing Index Fund | ₹86.53 Cr | 1.15% | 4.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation by investing in a diversified portfolio of companies that follow the manufacturing theme.
Fund managers
- Abhishek BisenMr. Bisen is a BA and MBA in Finance.Prior to joining Kotak AMC, he was working with Securities Trading Corporation Of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm.
- Harsha UpadhyayaMr. Upadhyaya is a B.E (Mechanical) from NIT Suratkal, PGDM from IIM Lucknow and CFA from the CFA Institute, USA.Prior to joining Kotak Mutual fund he has worked with DSP Mutual Fund and UTI AMC.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months18.69% absolute | ₹60,000 | ₹71,214 | 18.69% | |
| 1 year16.12% annualised | ₹1,20,000 | ₹1,31,012 | 9.18% | |
| 3 years19.31% annualised | ₹3,60,000 | ₹4,90,361 | 36.21% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Kotak Manufacture in India Fund?
The NAV of Kotak Manufacture in India Fund is ₹22.33 as on 24 Sep 2026.
What is the expense ratio of Kotak Manufacture in India Fund?
The expense ratio of Kotak Manufacture in India Fund is 2.06% per year.
What is the minimum SIP amount for Kotak Manufacture in India Fund?
You can start a SIP in Kotak Manufacture in India Fund with ₹3,000 a month.
Is there a lock-in or exit load on Kotak Manufacture in India Fund?
Lock-in: None. Exit load: 0.5% for redemption within 90 Days.
How risky is Kotak Manufacture in India Fund?
Kotak Manufacture in India Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Manufacturing category.
Which fund house manages Kotak Manufacture in India Fund?
Kotak Manufacture in India Fund is managed by Kotak Mahindra Mutual Fund, which runs 94 schemes with ₹6,09,561 Cr under management.