Kotak Manufacture in India Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹22.32+1.54%1 day
- Return since launch
- 18.3%
- 52-week range
- ₹18.12 — ₹22.61
- AUM
- ₹3,132 Cr
Kotak Manufacture in India Fund is a Thematic-Manufacturing equity fund from Kotak Mahindra Mutual Fund with ₹3,132 Cr under management, launched in 2022. Over three years it has returned 14.1% a year, against 17.5% for its category. The expense ratio is 2.08% 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 +14.3% against +4.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 17.8% | +9.1 pts | 8.7% | 7.2% |
| 2Y | 15.9% | +5.1 pts | 10.8% | 7.8% |
| 3Y | 14.1% | −3.4 pts | 17.5% | 8.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.9% | −0.3 pts | 4.2% | 4.5% |
| 3M | -0.2% | +2.6 pts | -2.8% | -3.5% |
| 6M | 9.3% | +5.2 pts | 4.0% | 3.2% |
| 1Y | 14.3% | +5.6 pts | 8.7% | 4.5% |
| 2Y | 10.7% | +4.4 pts | 6.3% | 4.5% |
| 3Y | 19.3% | +1.7 pts | 17.5% | 15.6% |
Since launch (1 Feb 2022): 18.3%
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
2.07%
Expense ratio as on 3 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.67%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- 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 | 6.82 | 6.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.68 | 0.65 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.88 | 0.92 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.51 | 17.93 | 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 30 Sep 2026
Asset allocation
- Equity95.9%
- Debt0.5%
- Other3.6%
Market cap split
- Large40.3%
- Mid22.8%
- Small36.9%
- P/E
- 34.43
- P/B
- 4.11
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.35% | ₹136 Cr | +4.65% | +5.12% | +4.44% |
| Rubicon Research Ltd. | Healthcare | 4.31% | ₹135 Cr | +4.17% | +2.66% | — |
| Divi's Laboratories Ltd. | Healthcare | 3.71% | ₹116 Cr | +2.35% | +2.48% | +2.26% |
| Others | Others | 3.67% | ₹115 Cr | -1.08% | -3.13% | -0.52% |
| Mahindra & Mahindra Ltd. | Automobile | 3.53% | ₹111 Cr | +4.10% | +4.62% | +5.11% |
| Tata Steel Ltd. | Metals & Mining | 3.41% | ₹107 Cr | +3.89% | +4.63% | +3.69% |
| TVS Motor Company Ltd. | Automobile | 3.28% | ₹103 Cr | +3.09% | +3.50% | +3.08% |
| INDO-MIM Ltd. | Capital Goods | 3.27% | ₹103 Cr | — | — | — |
| DEE Development Engineers Ltd. | Services | 2.92% | ₹91.38 Cr | +3.10% | +1.51% | +1.54% |
| Reliance Industries Ltd. | Energy | 2.84% | ₹89.03 Cr | +3.46% | +4.20% | +4.07% |
| Hero Motocorp Ltd. | Automobile | 2.68% | ₹83.86 Cr | +2.74% | +3.37% | +3.27% |
| Bharat Electronics Ltd. | Capital Goods | 2.51% | ₹78.63 Cr | +2.97% | +3.38% | +3.25% |
| Maruti Suzuki India Ltd. | Automobile | 2.48% | ₹77.79 Cr | +3.27% | +3.33% | +2.55% |
| Graphite India Ltd. | Capital Goods | 2.44% | ₹76.48 Cr | +2.19% | +2.57% | +2.21% |
| Hindalco Industries Ltd. | Metals & Mining | 2.41% | ₹75.34 Cr | +2.73% | +3.68% | +3.03% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.09% | ₹65.50 Cr | +2.13% | — | — |
| Powerica Ltd. | Capital Goods | 1.94% | ₹60.82 Cr | +2.23% | +1.67% | — |
| Aditya Infotech Ltd. | Communication | 1.84% | ₹57.70 Cr | +1.15% | +0.66% | — |
| Eicher Motors Ltd. | Automobile | 1.71% | ₹53.63 Cr | +1.89% | +2.06% | +2.09% |
| Solar Industries India Ltd. | Chemicals | 1.67% | ₹52.21 Cr | +1.77% | +1.33% | +1.40% |
| Rossell Techsys Ltd. | Capital Goods | 1.63% | ₹51.11 Cr | — | — | — |
| Axiscades Technologies Ltd. | Technology | 1.60% | ₹50.15 Cr | — | — | — |
| Viyash Scientific Limited | Healthcare | 1.57% | ₹49.10 Cr | — | — | — |
| Bosch Ltd. | Automobile | 1.50% | ₹47.10 Cr | +1.42% | +1.20% | +1.90% |
| Ultratech Cement Ltd. | Materials | 1.49% | ₹46.56 Cr | +1.71% | +1.90% | +2.07% |
| Ashok Leyland Ltd. | Automobile | 1.48% | ₹46.26 Cr | +1.69% | +1.93% | +1.70% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.48% | ₹46.40 Cr | +1.19% | — | — |
| Lohia Corp Ltd. | Materials | 1.42% | ₹44.57 Cr | — | — | — |
| Britannia Industries Ltd. | Consumer Staples | 1.39% | ₹43.47 Cr | +1.65% | +2.03% | +2.03% |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.37% | ₹42.89 Cr | +1.66% | +1.23% | — |
| Page Industries Ltd. | Textiles | 1.34% | ₹41.84 Cr | +1.11% | — | — |
| Sansera Engineering Ltd. | Automobile | 1.30% | ₹40.84 Cr | +1.03% | +0.78% | +0.49% |
| Avanti Feeds Ltd. | Consumer Staples | 1.26% | ₹39.48 Cr | +1.83% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.23% | ₹38.54 Cr | +2.53% | +2.51% | +3.18% |
| Anthem Biosciences Ltd. | Healthcare | 1.18% | ₹36.87 Cr | +1.18% | +1.17% | +1.30% |
| Biocon Ltd. | Healthcare | 1.18% | ₹37.03 Cr | +1.49% | +1.50% | +2.17% |
| Tenneco Clean Air India Ltd | Automobile | 1.16% | ₹36.24 Cr | +1.08% | +1.10% | — |
| The India Cements Ltd. | Materials | 1.16% | ₹36.22 Cr | +1.61% | +1.72% | +1.83% |
| Kei Industries Ltd. | Capital Goods | 1.14% | ₹35.64 Cr | +1.55% | +1.31% | +1.29% |
| Schaeffler India Ltd. | Capital Goods | 1.12% | ₹35.07 Cr | +1.05% | +0.91% | +0.95% |
| ABB India Ltd. | Capital Goods | 1.08% | ₹33.88 Cr | +1.25% | +1.24% | +1.60% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.06% | ₹33.35 Cr | +2.06% | +2.34% | +2.70% |
| KSH International Ltd. | Capital Goods | 1.04% | ₹32.54 Cr | +1.92% | +1.19% | — |
| Carborundum Universal Ltd. | Metals & Mining | 1.00% | ₹31.31 Cr | +1.05% | +0.89% | +1.01% |
| Lumino Industries Ltd. | Capital Goods | 0.98% | ₹30.74 Cr | — | — | — |
| Jindal Steel Ltd. | Metals & Mining | 0.91% | ₹28.37 Cr | +0.95% | — | — |
| Glaxosmithkline Pharmaceuticals Ltd. | Healthcare | 0.88% | ₹27.69 Cr | +0.87% | +0.95% | +1.06% |
| MV Electrosystems Ltd. | Capital Goods | 0.88% | ₹27.56 Cr | — | — | — |
| Dalmia Bharat Ltd. | Materials | 0.81% | ₹25.26 Cr | +0.91% | +1.11% | +1.33% |
| Tata Motors Ltd. | Automobile | 0.81% | ₹25.30 Cr | +0.91% | +0.99% | — |
| SRF Ltd. | Chemicals | 0.79% | ₹24.73 Cr | +0.98% | +1.02% | +1.12% |
| Quadrant Future Tek Ltd. | Capital Goods | 0.70% | ₹21.90 Cr | +0.62% | +0.45% | +0.75% |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.66% | ₹20.80 Cr | +0.55% | +0.60% | +0.86% |
| Apollo Tyres Ltd. | Automobile | 0.65% | ₹20.24 Cr | +0.77% | +0.86% | +0.88% |
| Kross Ltd. | Automobile | 0.63% | ₹19.73 Cr | +0.49% | +0.49% | +0.61% |
| Ipca Laboratories Ltd. | Healthcare | 0.62% | ₹19.27 Cr | +0.61% | +0.67% | +0.53% |
| Laser Power & Infra Ltd. | Capital Goods | 0.59% | ₹18.49 Cr | — | — | — |
| 3M India Ltd. | Consumer Staples | 0.56% | ₹17.69 Cr | +0.65% | +0.69% | +0.64% |
| Kotak Liquid - Plan A - Direct Plan-Growth | Unclassified | 0.47% | ₹14.69 Cr | +0.52% | +0.39% | +0.36% |
| Garware Technical Fibres Ltd. | Textiles | 0.45% | ₹13.94 Cr | +0.49% | +0.46% | +0.53% |
| Kanohar Electricals Ltd. | Capital Goods | 0.37% | ₹11.49 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 2.11% | 0.08% | -2.03% |
| Axiscades Technologies Ltd. | 0.00% | 1.60% | +1.60% |
| INDO-MIM Ltd. | 2.31% | 3.27% | +0.96% |
| Aditya Infotech Ltd. | 1.01% | 1.84% | +0.83% |
| Lumino Industries Ltd. | 0.32% | 0.98% | +0.66% |
| Rubicon Research Ltd. | 4.85% | 4.31% | -0.54% |
| Rossell Techsys Ltd. | 1.21% | 1.63% | +0.42% |
| Mahindra & Mahindra Ltd. | 3.94% | 3.53% | -0.41% |
| Sun Pharmaceutical Industries Ltd. | 4.76% | 4.35% | -0.41% |
| Bharat Petroleum Corporation Ltd. | 1.45% | 1.06% | -0.39% |
| DEE Development Engineers Ltd. | 2.55% | 2.92% | +0.37% |
| Kanohar Electricals Ltd. | 0.00% | 0.37% | +0.37% |
| Maruti Suzuki India Ltd. | 2.82% | 2.48% | -0.34% |
| Kei Industries Ltd. | 1.47% | 1.14% | -0.33% |
| Dixon Technologies (India) Ltd. | 2.37% | 2.09% | -0.28% |
| Powerica Ltd. | 1.68% | 1.94% | +0.26% |
| The India Cements Ltd. | 1.42% | 1.16% | -0.26% |
| Reliance Industries Ltd. | 3.06% | 2.84% | -0.22% |
| Ashok Leyland Ltd. | 1.69% | 1.48% | -0.21% |
| Eicher Motors Ltd. | 1.91% | 1.71% | -0.20% |
| TVS Motor Company Ltd. | 3.47% | 3.28% | -0.19% |
| Avanti Feeds Ltd. | 1.45% | 1.26% | -0.19% |
| Graphite India Ltd. | 2.25% | 2.44% | +0.19% |
| Hindalco Industries Ltd. | 2.60% | 2.41% | -0.19% |
| Viyash Scientific Limited | 1.76% | 1.57% | -0.19% |
| Bharat Electronics Ltd. | 2.68% | 2.51% | -0.17% |
| Quadrant Future Tek Ltd. | 0.54% | 0.70% | +0.16% |
| Biocon Ltd. | 1.32% | 1.18% | -0.14% |
| Sansera Engineering Ltd. | 1.16% | 1.30% | +0.14% |
| ABB India Ltd. | 1.22% | 1.08% | -0.14% |
| Britannia Industries Ltd. | 1.51% | 1.39% | -0.12% |
| Carborundum Universal Ltd. | 0.88% | 1.00% | +0.12% |
| Kross Ltd. | 0.51% | 0.63% | +0.12% |
| Laser Power & Infra Ltd. | 0.70% | 0.59% | -0.11% |
| Hero Motocorp Ltd. | 2.79% | 2.68% | -0.11% |
| Bosch Ltd. | 1.60% | 1.50% | -0.10% |
| Glaxosmithkline Pharmaceuticals Ltd. | 0.98% | 0.88% | -0.10% |
| Schaeffler India Ltd. | 1.03% | 1.12% | +0.09% |
| Tata Motors Ltd. | 0.90% | 0.81% | -0.09% |
| Dalmia Bharat Ltd. | 0.89% | 0.81% | -0.08% |
| Balrampur Chini Mills Ltd. | 1.55% | 1.48% | -0.07% |
| Ultratech Cement Ltd. | 1.56% | 1.49% | -0.07% |
| Divi's Laboratories Ltd. | 3.78% | 3.71% | -0.07% |
| Hindustan Petroleum Corporation Ltd. | 1.29% | 1.23% | -0.06% |
| KSH International Ltd. | 0.98% | 1.04% | +0.06% |
| MV Electrosystems Ltd. | 0.82% | 0.88% | +0.06% |
| Anthem Biosciences Ltd. | 1.23% | 1.18% | -0.05% |
| Tenneco Clean Air India Ltd | 1.21% | 1.16% | -0.05% |
| Apollo Tyres Ltd. | 0.70% | 0.65% | -0.05% |
| Jindal Steel Ltd. | 0.95% | 0.91% | -0.04% |
| Solar Industries India Ltd. | 1.70% | 1.67% | -0.03% |
| 3M India Ltd. | 0.59% | 0.56% | -0.03% |
| SRF Ltd. | 0.82% | 0.79% | -0.03% |
| Emmvee Photovoltaic Power Ltd. | 1.40% | 1.37% | -0.03% |
| Jyoti CNC Automation Ltd. | 0.64% | 0.66% | +0.02% |
| Page Industries Ltd. | 1.32% | 1.34% | +0.02% |
| Garware Technical Fibres Ltd. | 0.47% | 0.45% | -0.02% |
| Ipca Laboratories Ltd. | 0.63% | 0.62% | -0.01% |
| Lohia Corp Ltd. | 1.41% | 1.42% | +0.01% |
| Tata Steel Ltd. | 3.42% | 3.41% | -0.01% |
| Kotak Liquid - Plan A - Direct Plan-Growth | 0.47% | 0.47% | 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 | ₹2,127 Cr | 1.50% | 8.8% | 10.3% | 16.6% |
 ICICI Prudential Manufacturing Fund | ₹6,918 Cr | 2.08% | 6.1% | 8.7% | 16.4% |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,386 Cr | 2.32% | 17.6% | 14.2% | 16.8% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹122 Cr | 0.43% | 5.5% | 9.2% | — |
 Navi Nifty India Manufacturing Index Fund | ₹83.12 Cr | 1.16% | 5.8% | 9.2% | — |
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 months9.26% absolute | ₹60,000 | ₹65,556 | 9.26% | |
| 1 year14.31% annualised | ₹1,20,000 | ₹1,29,721 | 8.10% | |
| 3 years19.27% annualised | ₹3,60,000 | ₹4,90,036 | 36.12% |
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 ₹22.32 as on 9 Nov 2026.
What is the expense ratio of Kotak Manufacture in India Fund?
The expense ratio of Kotak Manufacture in India Fund is 2.08% 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 97 schemes with ₹6,34,000 Cr under management.