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Kotak Manufacture in India Fund - Direct Plan Growth vs Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option
Kotak Manufacture in India Fund and Nippon India Growth Mid Cap Fund are in different categories (Sectoral/ Thematic vs Mid Cap Fund), from Kotak Mahindra Asset Management Company Limited. and Nippon Life India Asset Management Limited respectively. Kotak Manufacture in India 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 0.03 percentage points.
| Kotak Manufacture in India Fund - Direct Plan Growth | Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option | |
|---|---|---|
| Category | Sectoral/ Thematic | Mid Cap Fund |
| AMC | Kotak Mahindra Asset Management Company Limited. | Nippon Life India Asset Management Limited |
| Benchmark | Nifty India Manufacturing TRI | Nifty Midcap 150 TRI |
| NAV | ₹23.597 (2026-09-30) | ₹4772.2313 (2026-09-30) |
| AUM | ₹3,206.24 Cr | ₹51,412.367 Cr |
| Expense Ratio (Direct) | 0.75% | 0.78% |
| Inception | 2022-02-01 | 1995-09-25 |
Returns
Kotak Manufacture in India Fund leads on 3-year rolling CAGR (22.1% vs Nippon India Growth Mid Cap Fund's 22.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Nippon India Growth Mid Cap Fund has been the more volatile of the two by standard deviation.
| Kotak Manufacture in India Fund - Direct Plan Growth | Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.84 | 0.66 |
| 3Y Alpha | 2.7175% | 3.0122% |
| 3Y Std Deviation | 15.7636% | 16.3136% |
| 3Y Calmar Ratio | 0.90 | 0.88 |
Portfolio Analytics
Kotak Manufacture in India 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.
| Kotak Manufacture in India Fund - Direct Plan Growth | Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 30.99 | 28.7356 |
| P/B Ratio | 5.03 | 7.7192 |
| Dividend Yield | 1.0545% | 0.8553% |
| Active Share | 63.19% | - |
| Portfolio Turnover | 35.449999999999996% | 12% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Kotak Manufacture in India Fund and Nippon India Growth Mid Cap Fund carry the same Punji Quality grade.
| Kotak Manufacture in India Fund - Direct Plan Growth | Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option | |
|---|---|---|
| Quality Grade | B | B |
| Safety Grade | C | B |
| Compound Grade | B | B |
Frequently asked questions
Which has a higher 3-year return, Kotak Manufacture in India Fund or Nippon India Growth Mid Cap Fund?
Kotak Manufacture in India Fund's 3-year rolling CAGR of 22.1% is higher than Nippon India Growth Mid Cap Fund's 22.0%. Kotak Manufacture in India Fund sits in the 89th percentile of its category on this metric, versus the 59th percentile for Nippon India Growth Mid Cap 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, Kotak Manufacture in India Fund or Nippon India Growth Mid Cap Fund?
Kotak Manufacture in India Fund's direct-plan expense ratio is 0.03 percentage points lower than Nippon India Growth Mid Cap 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, Kotak Manufacture in India Fund or Nippon India Growth Mid Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Nippon India Growth Mid Cap 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 (0.84 for Kotak Manufacture in India Fund vs 0.66 for Nippon India Growth Mid Cap 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, Kotak Manufacture in India Fund or Nippon India Growth Mid Cap Fund?
Nippon India Growth Mid Cap Fund has ₹51,412 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, Kotak Manufacture in India Fund or Nippon India Growth Mid Cap Fund?
Nippon India Growth Mid Cap Fund launched on 1995-09-25, 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.