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ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option vs Kotak Manufacture in India Fund - Direct Plan Growth
ICICI Prudential Manufacturing Fund and Kotak Manufacture in India Fund are both in the Sectoral/ Thematic category, from ICICI Prudential Asset Management Company Limited and Kotak Mahindra Asset Management Company Limited. respectively. ICICI Prudential Manufacturing Fund has posted a higher 3-year rolling CAGR. Kotak Manufacture in India Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Manufacture in India Fund has the lower direct-plan expense ratio, by 0.46 percentage points.
| ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option | Kotak Manufacture in India Fund - Direct Plan Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | ICICI Prudential Asset Management Company Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty India Manufacturing TRI | Nifty India Manufacturing TRI |
| NAV | ₹41 (2026-09-30) | ₹23.597 (2026-09-30) |
| AUM | ₹7,014.924 Cr | ₹3,206.24 Cr |
| Expense Ratio (Direct) | 1.21% | 0.75% |
| Inception | 2018-09-21 | 2022-02-01 |
Returns
ICICI Prudential Manufacturing Fund leads on 3-year rolling CAGR (26.0% vs Kotak Manufacture in India Fund's 22.1%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ICICI Prudential Manufacturing Fund has been the more volatile of the two by standard deviation.
| ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option | Kotak Manufacture in India Fund - Direct Plan Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.77 | 0.84 |
| 3Y Alpha | 1.6635% | 2.7175% |
| 3Y Std Deviation | 16.1599% | 15.7636% |
| 3Y Calmar Ratio | 0.84 | 0.90 |
Portfolio Analytics
ICICI Prudential Manufacturing Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option | Kotak Manufacture in India Fund - Direct Plan Growth | |
|---|---|---|
| P/E Ratio | 35.279 | 30.99 |
| P/B Ratio | 6.8147 | 5.03 |
| Dividend Yield | 0.97% | 1.0545% |
| Active Share | 20.2% | 63.19% |
| Portfolio Turnover | - | 35.449999999999996% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ICICI Prudential Manufacturing Fund and Kotak Manufacture in India Fund carry the same Punji Quality grade.
| ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option | Kotak Manufacture in India Fund - Direct Plan Growth | |
|---|---|---|
| Quality Grade | B | B |
| Safety Grade | D | C |
| Compound Grade | B | B |
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Manufacturing Fund or Kotak Manufacture in India Fund?
ICICI Prudential Manufacturing Fund's 3-year rolling CAGR of 26.0% is higher than Kotak Manufacture in India Fund's 22.1%. ICICI Prudential Manufacturing Fund sits in the 96th percentile of its category on this metric, versus the 89th percentile for Kotak Manufacture in India Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ICICI Prudential Manufacturing Fund or Kotak Manufacture in India Fund?
Kotak Manufacture in India Fund's direct-plan expense ratio is 0.46 percentage points lower than ICICI Prudential Manufacturing Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ICICI Prudential Manufacturing Fund or Kotak Manufacture in India Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ICICI Prudential Manufacturing Fund has been more volatile than Kotak Manufacture in India Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.77 for ICICI Prudential Manufacturing Fund vs 0.84 for Kotak Manufacture in India Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ICICI Prudential Manufacturing Fund or Kotak Manufacture in India Fund?
ICICI Prudential Manufacturing Fund has ₹7,015 Cr in assets under management, versus ₹3,206 Cr for Kotak Manufacture in India Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ICICI Prudential Manufacturing Fund or Kotak Manufacture in India Fund?
ICICI Prudential Manufacturing Fund launched on 2018-09-21, making it older than Kotak Manufacture in India Fund (launched 2022-02-01). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-01. Source: AMFI disclosures via Punji. Not investment advice.