Kotak Manufacture In India Fund is a Thematic fund run by Kotak Mahindra Mutual Fund. On 30-09-2026, it managed ₹3,132 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 18.9% a year and its Regular plan returned 17.2% a year. Its benchmark, Nifty India Manufacturing TRI, returned 17.2% a year over the same 3 years.
NAV (Direct plan)
₹22.21
▼ 1.23% · 30-10-2026
NAV (Regular plan)
₹20.67
▼ 1.23% · 30-10-2026
Expense ratio
0.76%Direct2.08%Regular
0.76%
A year
Riskometer
Very High
Set by the fund house
3 year return
18.9%Direct17.2%Regular
18.9%
A year
Kotak Manufacture In India Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹22.21 (down 1.23% that day); Regular Plan Growth ₹20.67 (down 1.23% that day).
This fund (Direct plan)
₹22.212
Kotak Manufacture In India Fund Returns vs Nifty India Manufacturing TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−5.87%
−3.37%
+3.31%
+6.20%
+18.88%
--
--
This fund (Regular)
−5.98%
−3.69%
+2.61%
+4.76%
+17.18%
--
--
Nifty India Manufacturing TRI
−3.56%
−7.50%
−3.61%
−1.70%
+17.16%
+14.36%
--
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
--
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
--
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
--
--
Rank in Thematic
222/235
73/232
72/232
43/215
28/133
--
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
Kotak Manufacture In India Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty India Manufacturing TRI
2026to date
+5.71%
+4.52%
−2.54%
2025
+9.02%
+7.48%
+12.28%
2024
+27.83%
+25.90%
+25.99%
2023
+34.40%
+32.24%
+34.87%
Kotak Manufacture In India Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 409 periods, one for each trading day from 03-03-2025 to 30-10-2026.
0%5%10%15%20%25%30%
Kotak Manufacture In India Fund (Direct)
Nifty India Manufacturing TRI
Apr 2022 to Apr 2025Aug 2022 to Aug 2025Nov 2022 to Nov 2025Feb 2023 to Feb 2026Jun 2023 to Jun 2026Sept 2023 to Sept 2026
Kotak Manufacture In India Fund (Direct)Nifty India Manufacturing TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
0%
5-10%
0%
1%
10-15%
14%
21%
15-20%
82%
69%
20-25%
4%
10%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
899
18.5%
−3.8%
59.1%
6%
16.9%
57%
2 years
654
24.0%
5.2%
42.0%
0%
25.2%
32%
3 years
409
21.9%
16.0%
26.1%
0%
22.4%
33%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
44
19.1%
−23.9%
65.9%
11%
17.4%
55%
2 years
32
16.6%
2.6%
48.0%
0%
15.3%
38%
3 years
20
18.2%
11.0%
22.5%
0%
18.3%
40%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty India Manufacturing TRI over the same days. Past returns do not promise future returns.
Kotak Manufacture In India Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Kotak Manufacture In India Fund (Direct)This fund
Nifty India Manufacturing TRI
Return (CAGR)
+6.20%
−1.70%
Standard deviation
15.82%
16.02%
Sharpe ratio
0.06
-0.43
Sortino ratio
0.08
-0.58
Maximum drawdown
−11.6%
(23-03-2026)
−12.8%
(23-10-2026)
Beta
0.96
1.00
Alpha
+7.63%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak Manufacture In India Fund (Direct)This fund
Nifty India Manufacturing TRI
Return (CAGR)
+18.88%
+17.16%
Standard deviation
15.92%
15.98%
Sharpe ratio
0.81
0.70
Sortino ratio
1.09
0.95
Maximum drawdown
−22.3%
(28-02-2025)
−23.0%
(07-04-2025)
Beta
0.97
1.00
Alpha
+2.09%
0.00%
From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Kotak Manufacture In India Fund (Direct)This fund
Nifty India Manufacturing TRI
Return (CAGR)
+18.64%
+16.31%
Standard deviation
14.54%
15.10%
Sharpe ratio
0.87
0.68
Sortino ratio
1.18
0.94
Maximum drawdown
−22.3%
(28-02-2025)
−23.0%
(07-04-2025)
Beta
0.93
1.00
Alpha
+3.05%
0.00%
From daily NAVs, 02-03-2022 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−25%−20%−15%−10%−5%0%
Kotak Manufacture In India Fund (Direct)
Nifty India Manufacturing TRI
2023202420252026
Kotak Manufacture In India Fund (Direct)Nifty India Manufacturing TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Kotak Manufacture In India Fund (Direct)
−22.3%
27-09-2024
28-02-2025
18-09-2025
7 months
−8.5%
Nifty India Manufacturing TRI
−23.0%
27-09-2024
07-04-2025
05-01-2026
9 months
−10.5%
From the Direct plan's daily NAV since 02-03-2022, adjusted for unit splits, and Nifty India Manufacturing TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Kotak Manufacture In India Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Kotak Manufacture In India Fund Expense Ratio and Costs
What each plan charges a year, in force from 08-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.56%
0.02%
0.00%
0.17%
0.76%
1.18%
7/235
Regular
1.67%
0.02%
0.00%
0.38%
2.08%
2.41%
39/235
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
4.76%
6.20%
1.44%
₹1,04,760
₹1,06,200
3 years
17.18%
18.88%
1.70% a year
₹1,60,902
₹1,68,007
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Kotak Manufacture In India Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 02-03-2022 to 30-10-2026: 56 instalments, ₹5,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planKotak Manufacture In India Fund (Direct)
₹5,60,000
₹8,12,953
₹2,52,953
16.1%
Regular planKotak Manufacture In India Fund (Regular)
Direct planKotak Manufacture In India Fund (Direct)Regular planKotak Manufacture In India Fund (Regular)Nifty India Manufacturing TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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.
Kotak Manufacture In India Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
95.9%Equity
Asset
Fund
Category
Equity
95.9%
94.5%
Cash and others
4.1%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
38.6%
45.7%
Mid Cap
18.6%
19.6%
Small Cap
31.1%
24.1%
Not on AMFI's list
7.5%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Kotak Manufacture In India Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Pharmaceuticals and Biotechnology17.8%
Automobiles13.7%
Industrial Manufacturing11.0%
Industrial Products7.9%
Auto Components6.4%
Aerospace and Defense5.7%
Petroleum Products5.1%
Electrical Equipment4.8%
Ferrous Metals4.3%
Cement and Cement Products3.5%
The ten largest of 18 sectors. The other 8 add up to 15.7%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Pharmaceuticals and Biotechnology
16.8%
19.3%
17.8%
+1.0%
Automobiles
16.0%
14.9%
13.7%
−2.3%
Industrial Manufacturing
8.8%
8.7%
11.0%
+2.2%
Industrial Products
9.7%
6.8%
7.9%
−1.8%
Auto Components
5.5%
6.2%
6.4%
+0.8%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Kotak Manufacture In India Fund Portfolio Holdings
As on 30-09-2026 · 60 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
SUN PHARMACEUTICAL INDUSTRIES LTD.
Pharmaceuticals and Biotechnology
4.35%
0.0%
RUBICON RESEARCH LIMITED
Pharmaceuticals and Biotechnology
4.31%
0.0%
Divis Laboratories Ltd.
Pharmaceuticals and Biotechnology
3.71%
0.0%
Mahindra & Mahindra Ltd.
Automobiles
3.53%
0.0%
Tata Steel Ltd.
Ferrous Metals
3.41%
0.0%
TVS Motor Company Ltd.
Automobiles
3.28%
0.0%
INDO-MIM LTD
Industrial Manufacturing
3.27%
0.0%
DEE DEVELOPMENT ENGINEEERS LTD
Industrial Manufacturing
2.92%
0.0%
RELIANCE INDUSTRIES LTD.
Petroleum Products
2.84%
0.0%
Hero MotoCorp Ltd.
Automobiles
2.68%
0.0%
Bharat Electronics Ltd.
Aerospace and Defense
2.51%
0.0%
Maruti Suzuki India Limited
Automobiles
2.48%
0.0%
Graphite India Limited.
Industrial Products
2.44%
0.0%
Hindalco Industries Ltd.
Non - Ferrous Metals
2.41%
0.0%
Dixon Technologies India Ltd
Consumer Durables
2.09%
0.0%
POWERICA LIMITED
Electrical Equipment
1.94%
0.0%
ADITYA INFOTECH LIMITED
Industrial Manufacturing
1.84%
+69.0%
Eicher Motors Ltd.
Automobiles
1.71%
0.0%
Solar Industries India Limited
Chemicals and Petrochemicals
1.67%
0.0%
ROSSELL TECHSYS LTD.
Aerospace and Defense
1.63%
0.0%
AXISCADES TECHNOLOGIES LTD
Aerospace and Defense
1.60%
New
VIYASH SCIENTIFIC LTD
Pharmaceuticals and Biotechnology
1.57%
0.0%
Bosch Limited
Auto Components
1.50%
0.0%
Ultratech Cement Ltd.
Cement and Cement Products
1.49%
0.0%
Balrampur Chini Mills Ltd.
Agricultural Food and other Product
1.48%
0.0%
Ashok Leyland Ltd.
Agricultural, Commercial and Constr
1.48%
0.0%
LOHIA CORP LIMITED
Industrial Manufacturing
1.42%
0.0%
Britannia Industries Ltd.
Food Products
1.39%
0.0%
EMMVEE PHOTOVOLTAIC POWER LIMITED
Electrical Equipment
1.37%
0.0%
Page Industries Ltd
Textiles and Apparels
1.34%
0.0%
Sansera Engineering Ltd
Auto Components
1.30%
0.0%
AVANTI FEEDS LTD
Food Products
1.26%
0.0%
HINDUSTAN PETROLEUM CORPORATION LTD.
Petroleum Products
1.23%
0.0%
ANTHEM BIOSCIENCES LTD
Pharmaceuticals and Biotechnology
1.18%
0.0%
BIOCON LTD.
Pharmaceuticals and Biotechnology
1.18%
0.0%
TENNECO CLEAN AIR INDIA LIMITED
Auto Components
1.16%
0.0%
INDIA CEMENTS LTD.
Cement and Cement Products
1.16%
0.0%
KEI Industries Ltd.
Industrial Products
1.14%
0.0%
Schaeffler India Ltd
Auto Components
1.12%
+12.5%
ABB India Ltd.
Electrical Equipment
1.08%
0.0%
BHARAT PETROLEUM CORPORATION LTD.
Petroleum Products
1.06%
−21.4%
KSH INTERNATIONAL
Industrial Products
1.04%
0.0%
Carborundum Universal Ltd.
Industrial Products
1.00%
0.0%
LUMINO INDUSTRIES LIMITED
Industrial Products
0.98%
+146.3%
Jindal Steel & Power Ltd
Ferrous Metals
0.91%
0.0%
MV ELECTROSYSTEMS LTD
Industrial Manufacturing
0.88%
0.0%
Glaxosmithkline Pharma Ltd
Pharmaceuticals and Biotechnology
0.88%
0.0%
Dalmia Bharat Limited
Cement and Cement Products
0.81%
0.0%
TML COMMERCIAL VEHICLES LIMITED
Agricultural, Commercial and Constr
0.81%
0.0%
SRF LTD.
Chemicals and Petrochemicals
0.79%
0.0%
QUADRANT FUTURE TEK LIMITED
Industrial Products
0.70%
0.0%
JYOTI CNC AUTOMATION LTD
Industrial Manufacturing
0.66%
0.0%
Apollo Tyres Ltd.
Auto Components
0.65%
0.0%
KROSS LIMITED
Auto Components
0.63%
0.0%
IPCA Laboratories Ltd.
Pharmaceuticals and Biotechnology
0.62%
0.0%
LASER POWER & INFRA LTD
Industrial Products
0.59%
0.0%
Birla 3M Ltd.
Diversified
0.56%
0.0%
Kotak Liquid Direct Growth
Mutual Fund
0.47%
GARWARE TECHNICAL FIBRES LTD.
Textiles and Apparels
0.45%
0.0%
KANOHAR ELECTRICALS LIMITED
Electrical Equipment
0.37%
New
Kotak Manufacture In India Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
ADITYA INFOTECH LIMITED
↑Added
+69.0%
1.84%
AXISCADES TECHNOLOGIES LTD
↑New
New
1.60%
BHARAT PETROLEUM CORPORATION LTD.
↓Reduced
−21.4%
1.06%
Schaeffler India Ltd
↑Added
+12.5%
1.12%
LUMINO INDUSTRIES LIMITED
↑Added
+146.3%
0.98%
KANOHAR ELECTRICALS LIMITED
↑New
New
0.37%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Kotak Manufacture In India Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.76%
Expense ratio (Regular)
2.08%
Category
Thematic
Risk
Very High
Benchmark
Nifty India Manufacturing TRI
Launch date
22-02-2022
Minimum investment
₹100
Minimum additional investment
₹100
AUM
₹3,132.02 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
149841
ISIN (Direct)
INF174KA1IF4
Scheme code (Regular)
149840
ISIN (Regular)
INF174KA1IC1
NAV history
From 02-03-2022, 4.7 years
Exit load
0.5% for redemption within 90 Days
Tax on Kotak Manufacture In India Fund returns
Kotak Manufacture In India Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹22.212
30-10-2026
direct
IDCW
₹22.212
30-10-2026
regular
Growth
₹20.671
30-10-2026
regular
IDCW
₹20.671
30-10-2026
About Kotak Manufacture In India Fund
Kotak Manufacture In India Fund is a mutual fund from Kotak Mahindra Mutual Fund. Its category is Thematic. It was launched on 22-02-2022. Its benchmark is Nifty India Manufacturing TRI. At the end of September 2026 it held 60 securities.
Fund Manager
Harsha Upadhyaya
Fund manager of Kotak Manufacture In India Fund, since 01-10-2023
Abhishek Bisen
Fund manager of Kotak Manufacture In India Fund, since 22-02-2022
Frequently Asked Questions for Kotak Manufacture In India Fund
What is the current NAV of Kotak Manufacture In India Fund?
The Direct plan NAV is ₹22.212. The Regular plan NAV is ₹20.671, as on 30-10-2026.
What are the returns of Kotak Manufacture In India Fund?
The Direct plan returned +6.20% in 1 year, +18.88% a year over 3 years. The Regular plan returned +4.76% in 1 year, +17.18% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of Kotak Manufacture In India Fund?
The Direct plan charges 0.76% a year. The Regular plan charges 2.08% a year. This is the figure the fund house reported to AMFI, in force from 08-10-2026.
What is the AUM of Kotak Manufacture In India Fund?
Kotak Manufacture In India Fund managed ₹3,132.02 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Kotak Manufacture In India Fund?
At the end of September 2026 the largest holdings were SUNPHARMA (4.35%), RUBICON (4.31%), DIVISLAB (3.71%), M&M (3.53%), TATASTEEL (3.41%). The fund held 60 securities in all.
What did Kotak Manufacture In India Fund buy and sell in September 2026?
It bought 2 new stocks: AXISCADES TECHNOLOGIES LTD, KANOHAR ELECTRICALS LIMITED. It added shares in 3. It reduced 1.
How do I invest in Kotak Manufacture In India Fund?
Through Kotak Mahindra Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.
Who is the fund manager of Kotak Manufacture In India Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
Track Kotak Manufacture In India Fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.