ICICI Prudential Manufacturing Fund
ICICI Prudential Mutual Fund · Best Sectoral & Thematic Mutual Funds
This is the Direct plan of ICICI Prudential Manufacturing Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★☆4/5 vs 142 of 255 Sectoral/ Thematic peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +18.71% · ranks 29 of 142 Sectoral/ Thematic funds
Volatility 15.9% vs 15.7% category avg
1.2% expense vs 1.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+4.50%) beats the Sectoral/ Thematic average (+3.38%)
- 3-year return (+18.71%) beats the Sectoral/ Thematic average (+13.76%)
- 5-year return (+17.58%) beats the Sectoral/ Thematic average (+11.98%)
- Stronger risk-adjusted returns — Sharpe 0.77 vs 0.44 Sectoral/ Thematic average
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Trails the Sectoral/ Thematic average on 1M/3M/6M
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.00% | -4.47% | -0.53% |
| 3M abs | -3.23% | -2.32% | -0.91% |
| 6M abs | +11.46% | +12.07% | -0.61% |
| 1Y CAGR | +4.50% | +3.38% | +1.12% |
| 3Y CAGR | +18.71% | +13.76% | +4.95% |
| 5Y CAGR | +17.58% | +11.98% | +5.60% |
Category average across peers in Sectoral/ Thematic (up to 255 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 255 peers in Sectoral/ Thematic
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ICICI Prudential Manufacturing Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +4.12% | -7.18% | +11.30% | |
| 2025 | +10.43% | +7.94% | +2.49% | |
| 2024 | +22.96% | +16.43% | +6.53% | |
| 2023 | +48.55% | +27.43% | +21.12% | |
| 2022 | +8.38% | +4.34% | +4.04% | |
| 2021 | +46.50% | +31.59% | +14.91% | |
| 2020 | +15.09% | +18.33% | -3.24% | |
| 2019 | +3.23% | +8.95% | -5.72% | |
| 2018part | +1.69% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity96.84%
- Cash & Equivalents3.02%
- Debt0.14%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹33.49Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.
Fund Managers
RCRoshan ChutkeyManaging since 02 Mar 2026
Senior Fund Manager – MF Equity
B.Tech (IIT Madras), MBA (IIM Lucknow), Masters in Finance (London Business School) and Chartered Financial Analyst (CFA) Charter holder
Mr. Roshan Chutkey has joined ICICI Prudential Asset Management Company Limited in February 2015. He has around 18 years of total experience. Past Experience: ~ Estee Advisors – Research – Indian F&O Universe - May, 2013 to January 2014. ~ Kuwait Financial Centre - Macroeconomic research, Fund of funds management - March 2008 to July, 2011. ~ Citibank - Risk Management, Cards business - May 2006 to February 2008. ~ JP Morgan Chase - Equity Research - January 2005 to May 2006.
SDSharmila D'silvaManaging since 08 Aug 2022
Fund Manager – MF Equity
Over 8 years
CA and Bachelor of Commerce in Accounting and Finance (BAF)
Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.
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Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Sectoral & Thematic funds
Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.
Frequently asked questions
What is the NAV of ICICI Prudential Manufacturing Fund?
As of 05 Oct 2026, the NAV of ICICI Prudential Manufacturing Fund is ₹40.45 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Manufacturing Fund delivered?
ICICI Prudential Manufacturing Fund has returned +4.50% over 1 year, +18.71% per year over 3 years, +17.58% per year over 5 years and +19.08% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of ICICI Prudential Manufacturing Fund?
ICICI Prudential Manufacturing Fund charges an expense ratio of 1.17% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of ICICI Prudential Manufacturing Fund?
ICICI Prudential Manufacturing Fund's largest holdings are Reliance Industries Ltd. (6.1%), Mahindra & Mahindra Ltd. (5.5%), Sun Pharmaceutical Industries Ltd. (4.1%), Dr. Reddy's Laboratories Ltd. (4.0%) and Larsen & Toubro Ltd. (3.7%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Manufacturing Fund?
ICICI Prudential Manufacturing Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.9% and its worst peak-to-trough fall in our sample was -37.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.77 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Manufacturing Fund's 0.77 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Manufacturing Fund?
ICICI Prudential Manufacturing Fund is benchmarked against the Nifty India Manufacturing TRI. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Manufacturing Fund?
ICICI Prudential Manufacturing Fund is managed by Roshan Chutkey and Sharmila D'silva at ICICI Prudential.
How is ICICI Prudential Manufacturing Fund taxed?
ICICI Prudential Manufacturing Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.