ICICI Prudential Manufacturing Fund vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Manufacturing Fund is a Thematic fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund. In the year to 30-10-2026, ICICI Prudential Manufacturing Fund (Direct) returned −0.1% and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) returned −2.4%. ICICI Prudential Manufacturing Fund charges 1.20% a year and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund 0.58% (Direct plans). Their portfolios overlap 34.4%: they hold 21 of the same securities.
ICICI Prudential Manufacturing Fund
Thematic
- 1 year return
- −0.1%
- Expense ratio
- 1.20%
- NAV
- ₹39.19
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
- 1 year return
- −2.4%
- Expense ratio
- 0.58%
- NAV
- ₹11.57
Which is better, ICICI Prudential Manufacturing or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Manufacturing returned more over 1 year: −0.1% against −2.4%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index costs less: 0.58% a year against 1.20% (Direct plans).
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index fell less in its worst fall since 30-04-2024: −21.3% against −22.8%.
- ICICI Prudential Manufacturing is the larger fund: ₹6,918 Cr against ₹133 Cr.
- Their portfolios overlap 34.4%: 21 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential Manufacturing Fund | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹6,918 Cr (30-09-2026) | ₹133 Cr (30-09-2026) |
| NAV | ₹39.19 (Direct) | ₹11.57 (Direct) |
| Expense ratio (Direct) | 1.20% | 0.58% |
| Expense ratio (Regular) | 2.12% | 1.13% |
| Riskometer | Not available | Not available |
| Benchmark | Nifty India Manufacturing TRI | Not available |
| Launch date | 11-10-2018 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Roshan Chutkey, Sharmila D’silva | Not available |
| Exit load | • 1% of applicable Net Asset Value - If the amount, sought to be redeemed or switch out within a period of one month from the date of allotment • Nil - If the amount, sought to be redeemed or switch out after a period of more than one month from the date of allotment | Not available |
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Manufacturing Fund (Direct) | −4.41% | −8.07% | −2.78% | −0.08% | +17.66% | +17.06% | -- |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −2.79% | −6.22% | −2.54% | −2.40% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Year-wise Returns
| Year | ICICI Prudential ManufacturingICICI Prudential Manufacturing | Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| 2026to date | +0.88% | −2.35% |
| 2025 | +10.43% | +8.51% |
| 2024 | +22.96% | -- |
| 2023 | +48.55% | -- |
| 2022 | +8.38% | -- |
| 2021 | +46.50% | -- |
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Rolling Returns
Every holding period of both funds, against Nifty India Manufacturing TRI, the benchmark of ICICI Prudential Manufacturing Fund
Rolling returns
Every 1-year holding period, 371 of them, one for each trading day from 30-04-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential Manufacturing Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Manufacturing | 15.1 | 24.0 | 20.5 | 21.3 | 11.6 | 5.7 | 1.9 | 8.3% | 8.2% | −5.0% | 30.4% | 46% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | 15.6 | 24.0 | 33.4 | 18.9 | 7.0 | 1.1 | 0.0 | 6.5% | 6.7% | −5.4% | 22.1% | 31% |
| Nifty India Manufacturing TRI | 20.8 | 15.6 | 16.7 | 26.4 | 12.7 | 5.9 | 1.9 | 8.4% | 9.0% | −6.6% | 29.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty India Manufacturing TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 30-04-2024. Past returns do not promise future returns.
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ManufacturingICICI Prudential Manufacturing Fund (Direct) | ₹3,10,000 | ₹3,25,148 | ₹15,148 | 3.6% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | ₹3,10,000 | ₹3,20,053 | ₹10,053 | 2.4% |
ICICI Prudential ManufacturingICICI Prudential Manufacturing Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Manufacturing Fund (Direct) | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.08% | −2.40% |
| Standard deviation | 15.82% | 15.71% |
| Sharpe ratio | -0.34 | -0.49 |
| Sortino ratio | -0.45 | -0.65 |
| Maximum drawdown | −12.6% (23-10-2026) | −12.0% (23-10-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | +1.39% | −0.65% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential Manufacturing Fund (Direct) | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.43% | +5.86% |
| Standard deviation | 16.85% | 16.41% |
| Sharpe ratio | 0.78 | 0.00 |
| Sortino ratio | 1.06 | 0.00 |
| Maximum drawdown | −37.6% (23-03-2020) | −21.3% (07-04-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.65% |
From daily NAVs, 12-10-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential Manufacturing Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Manufacturing Fund (Direct) | −22.8% | 27-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −11.0% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −21.3% | 27-09-2024 | 07-04-2025 | 06-05-2026 | 13 months | −9.2% |
| Nifty India Manufacturing TRI | −23.0% | 27-09-2024 | 07-04-2025 | 05-01-2026 | 9 months | −10.5% |
From daily values since 30-04-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Manufacturing Fund (Direct)
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
Nifty India Manufacturing TRI
Against Nifty India Manufacturing TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Manufacturing Fund (Direct) | 96% | 94% | 5.12% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | 91% | 92% | 3.62% |
From month-end values since 30-04-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Manufacturing Fund, September 2026; Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, September 2026
Holdings in common
- Overlap
- 34.4%
- Held by both
- 21
- Only in ICICI Prudential Manufacturing
- 49
- Only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index
- 54
| Security | % of ICICI Prudential Manufacturing | % of Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Reliance Industries Ltd. | 5.90% | 9.93% |
| Mahindra & Mahindra Ltd. | 5.16% | 5.89% |
| Sun Pharmaceutical Industries Ltd. | 3.91% | 4.30% |
| Maruti Suzuki India Ltd. | 3.91% | 3.48% |
| JSW Steel Ltd. | 3.03% | 2.70% |
| Bharat Electronics Ltd. | 2.05% | 3.11% |
| Hindalco Industries Ltd. | 1.93% | 3.05% |
| Dr. Reddy's Laboratories Ltd. | 4.67% | 1.68% |
| Cipla Ltd. | 1.00% | 1.69% |
| Gland Pharma Ltd. | 1.00% | 0.89% |
| UPL Ltd. | 0.87% | 0.92% |
| Supreme Industries Ltd. | 2.41% | 0.68% |
| Kirloskar Oil Engines Ltd. | 0.60% | 0.74% |
| Hero Motocorp Ltd. | 0.57% | 2.07% |
| PI Industries Ltd. | 2.04% | 0.57% |
| Carborundum Universal Ltd. | 1.51% | 0.56% |
| Crompton Greaves Consumer Electricals Ltd. | 0.97% | 0.52% |
| Tata Motors Passenger Vehicles Ltd. | 0.51% | 1.32% |
| Aarti Industries Ltd. | 1.16% | 0.38% |
| Atul Ltd. | 1.73% | 0.36% |
| Motherson Sumi Wiring India Ltd. | 0.11% | 0.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 34.4% means 34.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential Manufacturing Fund
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 3.31% |
| Hyundai Motor India Ltd. | 3.23% |
| Samvardhana Motherson International Ltd. | 2.99% |
| Ultratech Cement Ltd. | 2.85% |
| Voltamp Transformers Ltd. | 2.76% |
Largest holdings only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
| Security | % of fund |
|---|---|
| TATA STEEL LTD | 3.42% |
| BAJAJ AUTO LTD | 2.65% |
| DIVI LABORATORIES LTD | 2.64% |
| LAURUS LABS LTD | 2.35% |
| EICHER MOTORS LTD | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Manufacturing | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Equity | 97.0% | 100.1% |
| Debt | 0.2% | 0.0% |
| Cash and others | 2.9% | -0.1% |
Market cap of stocks
| Market cap | ICICI Prudential Manufacturing | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Large Cap | 50.9% | 50.2% |
| Mid Cap | 21.7% | 31.3% |
| Small Cap | 23.5% | 18.6% |
| Not on AMFI's list | 0.9% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential Manufacturing | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 14.6% | 23.9% |
| Automobiles | 14.6% | 19.0% |
| Petroleum Products | 5.9% | 11.3% |
| Industrial Products | 9.0% | 6.3% |
| Electrical Equipment | 8.5% | 5.1% |
| Cement & Cement Products | 7.0% | 0.0% |
| Ferrous Metals | 5.3% | 6.1% |
| Auto Components | 4.2% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Manufacturing vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Manufacturing Fund | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.20% | 0.58% |
| Base expense ratio (Direct) | 0.74% | 0.39% |
| Total expense ratio (Regular) | 2.12% | 1.13% |
| Base expense ratio (Regular) | 1.55% | 0.90% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
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ICICI Prudential Manufacturing Fund vs Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Manufacturing Fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
ICICI Prudential Manufacturing Fund is a Thematic fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund, run by ICICI Prudential Mutual Fund and Tata Mutual Fund. Their portfolios overlap 34.4%. ICICI Prudential Manufacturing Fund charges 1.20% a year and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund 0.58%.
Which has given higher returns, ICICI Prudential Manufacturing Fund or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Over 1 year: ICICI Prudential Manufacturing Fund −0.08%, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund −2.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Manufacturing Fund or Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund charges less: 0.58% a year against 1.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Manufacturing Fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund overlap?
34.4%. They hold 21 of the same securities, the largest shared ones being RELIANCE, M&M, SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Manufacturing Fund and Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund?
Yes. 34.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.