ICICI Prudential Manufacturing Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 38.23 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 24.80 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty India Manufacturing TRI |
| AUM Rs. | 6,549 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.78% |
| 1 Year Return (%) | 12.08 |
| 3 Year Return (%) | 25.24 |
| 5 Year Return (%) | 24.53 |
| 10 Year Return (%) | — |
| Return Since Launch | 20.25% |
⚖️ Sahifund Review – ICICI Prudential Manufacturing Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate long term capital appreciation by creating a portfolio that is invested predominantly in equity and equity related securities of companies engaged in manufacturing theme.
Fund Manager:
1) Anish Tawakley
Education: Mr. Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi
Experience: Prior joining to ICICI AMC he has worked with Barclays India – Equity Research, Credit Suisse India – Equity research – Indian financial services sector,
2) Lalit Kumar
Education: Mr. Kumar is a PGDM (IIM) and B.Tech in Electrical Engineering (IIT).
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with East Bridge Advisors Pvt. Ltd, Nomura Financial Advisory & Securities, Merrill Lynch and Cypress Semiconductors.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of ICICI Prudential Manufacturing Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 11-Oct-18 |
| Return Since Launch | 20.25% |
| Benchmark | Nifty India Manufacturing TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (RS) | 6,549 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.78% |
| (As on 31-Dec-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 34.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Manufacturing Dir | -1.60 | -0.26 | -0.49 | -1.44 | 0.29 | 12.08 | 25.24 | 24.53 | 20.87 | — |
| BSE India Manufacturing TRI | -1.26 | 0.19 | 0.26 | 4.39 | 7.41 | 14.27 | 19.27 | 17.87 | 17.01 | — |
| Equity: Thematic-Manufacturing | -2.38 | -0.60 | -0.85 | -2.17 | -0.25 | 6.93 | 22.50 | 19.98 | 17.89 | — |
| Rank within category | 6 | 1 | 7 | 9 | 8 | 3 | 1 | 1 | 1 | — |
| Number of funds in category | 17 | 17 | 17 | 17 | 16 | 15 | 5 | 2 | 2 | 1 |
Peer Comparison of ICICI Prudential Manufacturing Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs. Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Manufacturing Dir | Unrated | 12.08 | 25.24 | 24.53 | 0.78 | 6,549 | 20.25 | 1.00 (365) | 7Y 3M | 34.00 |
| HDFC Manufacturing Dir | Unrated | 9.04 | — | — | 0.82 | 11,014 | 6.17 | 1.00 (30) | 1Y 8M | 29.59 |
| Axis India Manufacturing Dir | Unrated | 6.84 | — | — | 0.54 | 5,128 | 18.50 | 1.00 (90) | 2Y | 57.00 |
| Kotak Manufacture in India Dir | Unrated | 11.85 | 22.49 | — | 0.59 | 2,483 | 20.6 | 0.50 (90) | 3Y 10M | 37.47 |
| Canara Robeco Manufacturing Dir | Unrated | 3.11 | — | — | 0.79 | 1,589 | 11.58 | 1.00 (365) | 1Y 10M | — |
Portfolio Analysis of ICICI Prudential Manufacturing Fund
| No. of Stocks | 101 |
| Top 10 Stocks | 34.03% |
| Top 5 Stocks | 20.61% |
| Top 3 Sectors | 83.91% |
| Portfolio P/B Ratio | 4.41 |
| Portfolio P/E Ratio | 33.12 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 83,222 | 1,14,209 |
| Giant (%) | — | — |
| Large (%) | 49.80 | 56.81 |
| Mid (%) | 23.92 | 22.02 |
| Small (%) | 26.28 | 21.18 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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January 21, 2026
RA Jainee




