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    Kotak Manufacture In India Fund

    ThematicDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    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
    Riskometer
    Very High
    Set by the fund house
    3 year return
    18.9%Direct17.2%Regular

    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).

    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
    Period1M3M6M1Y3Y5Y10Y
    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 Thematic222/23573/23272/23243/21528/133----

    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
    YearDirectRegularNifty 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%
    Apr 2022
    to
    Apr 2025
    Aug 2022
    to
    Aug 2025
    Nov 2022
    to
    Nov 2025
    Feb 2023
    to
    Feb 2026
    Jun 2023
    to
    Jun 2026
    Sept 2023
    to
    Sept 2026
    Kotak Manufacture In India Fund (Direct)Nifty India Manufacturing TRI

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossBenchmark medianBeat benchmark
    1 year89918.5%−3.8%59.1%6%16.9%57%
    2 years65424.0%5.2%42.0%0%25.2%32%
    3 years40921.9%16.0%26.1%0%22.4%33%

    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

    MeasureKotak Manufacture In India Fund (Direct)This fundNifty India Manufacturing TRI
    Return (CAGR)+18.88%+17.16%
    Standard deviation15.92%15.98%
    Sharpe ratio0.810.70
    Sortino ratio1.090.95
    Maximum drawdown−22.3% (28-02-2025)−23.0% (07-04-2025)
    Beta0.971.00
    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.

    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%
    2023202420252026
    Kotak Manufacture In India Fund (Direct)Nifty India Manufacturing TRI
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Kotak Manufacture In India Fund (Direct)−22.3%27-09-202428-02-202518-09-20257 months−8.5%
    Nifty India Manufacturing TRI−23.0%27-09-202407-04-202505-01-20269 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.

    Fund nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    Nippon India Taiwan Equity Fund1/1331,1471.08%+75.71%+54.78%----1.382.03Compare
    HDFC Defence Fund2/13311,4930.90%+13.79%+34.76%−0.18%0.831.121.54Compare
    HDFC Pharma and Healthcare Fund3/1333,5011.05%+23.12%+30.53%+8.23%0.961.742.49Compare
    SBI Healthcare Opportunities Fund4/1335,8701.01%+17.12%+24.60%+3.61%0.881.422.03Compare
    Aditya Birla Sun Life International Equity Fund5/1333522.00%+13.97%+24.46%----1.492.16Compare
    Kotak Manufacture In India Fund28/1333,1320.76%+6.20%+18.88%+2.09%0.970.811.09

    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

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioThematic medianCost rank (1 = cheapest)
    Direct0.56%0.02%0.00%0.17%0.76%1.18%7/235
    Regular1.67%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 lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year4.76%6.20%1.44%₹1,04,760₹1,06,200
    3 years17.18%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.

    InvestmentInvestedValue nowGainReturn 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) ₹5,60,000 ₹7,81,226 ₹2,21,226 14.3%
    Nifty India Manufacturing TRI ₹5,60,000 ₹7,59,560 ₹1,99,560 13.1%
    Category averageCategory average, 235 Thematic funds ₹5,60,000 ₹7,35,054 ₹1,75,054 11.6%
    ₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L₹10.0 L
    2023202420252026
    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

    AssetFundCategory
    Equity95.9%94.5%
    Cash and others4.1%4.0%

    Market cap of stocks

    Market capFundCategory
    Large Cap38.6%45.7%
    Mid Cap18.6%19.6%
    Small Cap31.1%24.1%
    Not on AMFI's list7.5%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

    1. Pharmaceuticals and Biotechnology17.8%

    2. Automobiles13.7%

    3. Industrial Manufacturing11.0%

    4. Industrial Products7.9%

    5. Auto Components6.4%

    6. Aerospace and Defense5.7%

    7. Petroleum Products5.1%

    8. Electrical Equipment4.8%

    9. Ferrous Metals4.3%

    10. Cement and Cement Products3.5%

    The ten largest of 18 sectors. The other 8 add up to 15.7%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Pharmaceuticals and Biotechnology16.8%19.3%17.8%+1.0%
    Automobiles16.0%14.9%13.7%−2.3%
    Industrial Manufacturing8.8%8.7%11.0%+2.2%
    Industrial Products9.7%6.8%7.9%−1.8%
    Auto Components5.5%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

    HoldingsSectorWeight%Holdings trend1M change
    SUN PHARMACEUTICAL INDUSTRIES LTD.Pharmaceuticals and Biotechnology4.35%0.0%
    RUBICON RESEARCH LIMITEDPharmaceuticals and Biotechnology4.31%0.0%
    Divis Laboratories Ltd.Pharmaceuticals and Biotechnology3.71%0.0%
    Mahindra & Mahindra Ltd.Automobiles3.53%0.0%
    Tata Steel Ltd.Ferrous Metals3.41%0.0%
    TVS Motor Company Ltd.Automobiles3.28%0.0%
    INDO-MIM LTDIndustrial Manufacturing3.27%0.0%
    DEE DEVELOPMENT ENGINEEERS LTDIndustrial Manufacturing2.92%0.0%
    RELIANCE INDUSTRIES LTD.Petroleum Products2.84%0.0%
    Hero MotoCorp Ltd.Automobiles2.68%0.0%

    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 LIMITEDAdded+69.0%1.84%
    AXISCADES TECHNOLOGIES LTDNewNew1.60%
    BHARAT PETROLEUM CORPORATION LTD.Reduced−21.4%1.06%
    Schaeffler India LtdAdded+12.5%1.12%
    LUMINO INDUSTRIES LIMITEDAdded+146.3%0.98%
    KANOHAR ELECTRICALS LIMITEDNewNew0.37%

    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.

    What Kotak Manufacture In India Fund bought and sold

    Kotak Manufacture In India Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    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

    PlanOptionNAVAs on
    directGrowth₹22.21230-10-2026
    directIDCW₹22.21230-10-2026
    regularGrowth₹20.67130-10-2026
    regularIDCW₹20.67130-10-2026

    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

    See all funds of Kotak Mahindra Mutual Fund

    AUM change

    September 2026
    ₹3,132.02 Cr
    +0.17% from August 2026
    August 2026
    ₹3,126.86 Cr
    +5.95% from July 2026
    July 2026
    ₹2,951.35 Cr
    +5.26% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare Kotak Manufacture In India Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    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?

    Harsha Upadhyaya (since 01-10-2023), Abhishek Bisen (since 22-02-2022).

    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.

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