# Manufacturing mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/manufacturing-funds

Manufacturing funds put at least 80% of their assets in manufacturing companies. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 13 manufacturing funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +18.4% a year, 5-year return +16.1% a year (both annualised), volatility over 3 years 18.2%, expense ratio 1.14%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option](https://www.rudowealth.com/mutual-funds/icici-prudential-manufacturing-fund-direct-plan-cumulative-option) | +5.0% | +18.6% | +17.8% | 18.3% | -22.8% | 1.21% | ₹7,175 Cr |
| 2 | [Aditya Birla Sun Life Manufacturing Equity Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-manufacturing-equity-fund-direct-plan-growth) | +20.1% | +20.6% | +14.5% | 17.9% | -22.9% | 1.39% | ₹1,402 Cr |
| 3 | [Kotak Manufacture in India Fund - Direct Plan Growth](https://www.rudowealth.com/mutual-funds/kotak-manufacture-in-india-fund-direct-plan-growth) | +15.0% | +20.5% | N/A | 17.0% | N/A | 0.75% | ₹3,127 Cr |
| 4 | [Mirae Asset NIFTY India Manufacturing ETF FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-nifty-india-manufacturing-etf-fof-direct-plan-growth) | +1.7% | +16.4% | N/A | 17.2% | N/A | 0.07% | ₹129 Cr |
| 5 | [Quant Manufacturing Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/quant-manufacturing-fund-growth-option-direct-plan) | +12.0% | +16.0% | N/A | 22.1% | N/A | 1.48% | ₹737 Cr |
| 6 | [Invesco India Manufacturing Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/invesco-india-manufacturing-fund-direct-growth) | +14.0% | N/A | N/A | N/A | N/A | 1.10% | ₹758 Cr |
| 7 | [LIC MF Manufacturing Fund-Direct Plan-Growth](https://www.rudowealth.com/mutual-funds/lic-mf-manufacturing-fund-direct-plan-growth) | +12.6% | N/A | N/A | N/A | N/A | 1.48% | ₹781 Cr |
| 8 | [Axis India Manufacturing Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/axis-india-manufacturing-fund-direct-plan-growth) | +12.5% | N/A | N/A | 17.0% | N/A | 0.94% | ₹5,796 Cr |
| 9 | [Canara Robeco Manufacturing Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/canara-robeco-manufacturing-fund-direct-plan-growth-option) | +9.7% | N/A | N/A | N/A | N/A | 0.95% | ₹1,757 Cr |
| 10 | [Baroda BNP Paribas Manufacturing Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/baroda-bnp-paribas-manufacturing-fund-direct-plan-growth-option) | +8.5% | N/A | N/A | N/A | N/A | 1.31% | ₹850 Cr |
| 11 | [Mahindra Manulife Manufacturing Fund - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mahindra-manulife-manufacturing-fund-direct-plan-growth) | +6.1% | N/A | N/A | N/A | N/A | 1.20% | ₹684 Cr |
| 12 | [HDFC Manufacturing fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-manufacturing-fund-growth-option-direct-plan) | +5.4% | N/A | N/A | N/A | N/A | 0.93% | ₹10,752 Cr |
| 13 | [Motilal Oswal Manufacturing Fund - Direct Plan- Growth](https://www.rudowealth.com/mutual-funds/motilal-oswal-manufacturing-fund-direct-plan-growth) | -1.2% | N/A | N/A | N/A | N/A | 2.01% | ₹700 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.