Kotak Manufacture in India Fund
The scheme seeks to generate capital appreciation by investing in a diversified portfolio of companies that follow the manufacturing theme.
Growthvine rating: 5/5 — ranked #10 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹21.75 (as of 2026-10-01) |
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| AUM | ₹2,951 Cr |
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| Expense ratio | 1.66% |
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| Riskometer | Very High |
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| Fund manager | Harsha Upadhyaya |
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| Exit load | 0.5% for redemption within 90 days |
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Performance & risk
| Sharpe ratio | 0.81 |
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| Standard deviation | 17.03% |
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| Max drawdown | −22.75% |
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| Alpha | 5.38 |
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| Beta | 0.97 |
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Over 5 years, captured 93.2% of NIFTY India Manufacturing's upside and 79.5% of its downside.
Market cap allocation
| Large cap | 43.7% |
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| Mid cap | 21.0% |
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| Small cap | 35.4% |
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Concentration
| Top 5 holdings | 20.8% |
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| Top 10 holdings | 35.6% |
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| Total holdings | 57 |
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Top holdings
- RUBICON RESEARCH LIMITED — 4.8%
- Sun Pharmaceutical Industries Ltd. — 4.8%
- Mahindra & Mahindra Ltd. — 3.9%
- Divis Laboratories Ltd. — 3.8%
- TVS Motor Company Ltd. — 3.5%
- TATA STEEL LIMITED — 3.4%
- Reliance Industries Ltd — 3.1%
- Maruti Suzuki India Ltd. — 2.8%
- Hero MotoCorp Limited — 2.8%
- Bharat Electronics Ltd. — 2.7%
Top sectors
- Automobile — 21.1%
- Pharma & Biotech — 19.3%
- Industrial Products — 15.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 10.0% | Q1 (Top) | #22 of 167 |
| 2025 | 7.5% | Q2 | #35 of 132 |
| 2024 | 25.9% | Q1 (Top) | #17 of 86 |
| 2023 | 32.2% | Q2 | #25 of 66 |