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Kotak Mahindra Mutual Fund

Kotak Manufacture in India Fund

Kotak Mahindra Mutual Fund · Direct plan · Growth

3-year returns
20%
a year
NAV
₹23.82
▲ 0.83% · 18 Sept 2026
Fund size
₹3,127 Cr
Expense ratio
0.75%
a year
Minimum SIP
₹100

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹22.20 and has returned 18.3% a year over 3 years.

Returns, and where it stands

Against the average sectoral / thematic fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year15%5.2%ahead35 of 221
3 years20%14.5%ahead22 of 136
Every period, and the Regular plan →
PeriodDirectRegular
1 month-1.6%-1.7%
3 months6%5.6%
6 months16.6%15.8%
1 year15%13.5%
2 yearsp.a.8.8%7.3%
3 yearsp.a.20%18.3%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Mar 2022.

Plan

NAV history

▲ 15.03% in the last 1Y

19.421.824.218 Sept 202520 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹1,80,000
Gain
₹51,250
XIRR (per year)
17.02%
Value today
₹2,31,250

36 monthly instalments from 22 Sept 2023, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
15.9% a year
about the same as the sectoral / thematic fund average
Worst fall so far
−22.3%
Sept 2024 to Feb 2025.
Years that made money
94.2%
Of every one-year stretch it has been through.
Over any three years
16% to 26.1%
A year, at worst and at best. Typically 22%.

Fund details

Minimum lumpsum
₹100
Minimum top-up
₹100
Lock-in
None
Plan started
2 Mar 2022
Portfolio turnover
0.35x
Expense ratio
0.75%
as of 31 Aug 2026

Managed by Harsha Upadhyaya, Abhishek Bisen

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

Kotak Manufacture in India Fund against other funds in the Sectoral / Thematic Fund category
Fund1Y3Y5YExpenseFund size
Nippon India Taiwan Equity Fund118%61.43%1.24%₹1,128 Cr
HDFC Defence Fund21.09%37.07%0.9%₹11,478 Cr
HDFC Transportation and Logistics Fund7.35%24.8%1.09%₹2,116 Cr
SBI Healthcare Opportunities Fund20.88%24.31%18.52%1.02%₹5,796 Cr
UTI - Healthcare Fund16.82%24.15%16.09%1.28%₹1,444 Cr
LIC MF Infrastructure Fund8.97%23.9%21.88%1.35%₹1,174 Cr
Kotak Manufacture in India Fund15.03%20.04%0.75%₹3,127 Cr

About Kotak Manufacture in India Fund

Kotak Manufacture in India Fund is a sectoral / thematic fund managed by Kotak Mahindra Mutual Fund. Invest in one sector (such as banking, IT or pharma) or a theme (such as consumption or infrastructure). Concentrated and higher risk; suited to investors with a view on that sector.

The scheme shall seek to generate capital appreciation by investing in a diversified portfolio of companies that follow the manufacturing theme. However, there is no assurance that the objective of the scheme will be realized.

The scheme's stated objective, as published by Kotak Mahindra Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹23.821149841
DirectIDCW Option₹23.821149842
RegularGrowth₹22.202149840
RegularIDCW Option₹22.202149843

Frequently asked questions

What is the NAV of Kotak Manufacture in India Fund today?

The NAV of Kotak Manufacture in India Fund (Direct plan, Growth) is ₹23.821 and the Regular plan NAV is ₹22.202, as of 18 Sept 2026.

What returns has Kotak Manufacture in India Fund given?

Over the last year the Direct plan returned 15.03%, and 20.04% a year over 3 years. That places it 22 of 136 funds in its category over 3 years. Past returns do not guarantee future returns.

What is the expense ratio of Kotak Manufacture in India Fund?

The Direct plan charges 0.75% a year, as disclosed on 31 Aug 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in Kotak Manufacture in India Fund?

You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.

How much has Kotak Manufacture in India Fund fallen in the past?

Its deepest fall was 22.3% from 27 Sept 2024 to 28 Feb 2025. Of every one-year stretch in its history, 94% ended in a gain.

Which category does Kotak Manufacture in India Fund belong to?

It is a Sectoral / Thematic Fund from Kotak Mahindra Mutual Fund. Invest in one sector (such as banking, IT or pharma) or a theme (such as consumption or infrastructure). Concentrated and higher risk; suited to investors with a view on that sector.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from Kotak Manufacture in India Fund taxed?

Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.