Kotak Manufacturing Fund Marks 4 Years With ₹2,409 Crore In AUM

The Kotak Manufacturing Fund has completed 4 years as an open‑ended equity scheme focused on India’s manufacturing theme. The fund reported assets under management of ₹2,409 crore as of January 31, 2026, reflecting increased investor interest in the theme.

Data indicates that both lump‑sum and systematic investments have delivered significant growth over the 4‑year period. The scheme continues to invest across manufacturing‑linked sectors through a diversified market‑capitalisation strategy.

Fund Performance Highlights and Growth Metrics

According to available data, a lump‑sum investment of ₹1,000 made in 2022 would have grown to ₹2,159. The growth corresponds to a compound annual growth rate of 21% over the investment period.

A systematic investment plan of ₹1,000 per month would have resulted in a total investment of ₹48,000, which would have grown to ₹72,152. These outcomes reflect the fund’s performance during the 4‑year period, though past performance does not guarantee similar future results.

Sector Allocation and Investment Approach

The Kotak Manufacturing Fund invests across multiple manufacturing‑linked sectors to capture industry‑wide expansion. Key segments include auto and auto ancillaries, pharmaceuticals, capital goods, oil and gas, and metals.

The portfolio is diversified across large‑cap, mid‑cap and small‑cap stocks to balance risk and opportunity. The investment strategy aligns with structural themes such as manufacturing incentives, the China+1 trend, private sector capital expenditure and carbon‑reduction initiatives.

Fund Management and Benchmark Comparison

The scheme is jointly managed by Harsha Upadhyaya, who has been associated with the fund since 2023, and Abhishek Bisen, who has been managing it since 2022. The fund’s regular plan has outperformed its benchmark during the period under review.

The generation of alpha has contributed to investor interest and AUM growth over the 4‑year duration. The managers continue to follow a disciplined investment framework aligned with the manufacturing sector’s macroeconomic trends.

Factors Influencing Manufacturing‑Themed Investments

The manufacturing sector can be cyclical and sensitive to global economic conditions. External factors such as trade dynamics, policy changes and corporate performance influence sector‑level earnings.

Investors in manufacturing‑focused schemes may observe fluctuations linked to commodity prices, export demand and policy incentives. These aspects highlight the importance of understanding broader economic movements when assessing sector‑focused investment performance.

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Conclusion

The Kotak Manufacturing Fund’s 4‑year milestone reflects both sectoral growth and consistent investor participation. AUM of ₹2,409 crore and strong historical returns underscore the scheme’s traction in the manufacturing theme.

The fund’s multi‑sector allocation and diversified market‑cap exposure have contributed to its performance during the period. While the historical data indicates favourable outcomes, the manufacturing sector remains subject to cyclical and policy‑driven variations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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