ICICI Prudential Manufacturing Fund vs Mahindra Manulife Manufacturing Fund
ICICI Prudential Manufacturing Fund and Mahindra Manulife Manufacturing Fund are both Manufacturing Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +19.12% vs —, 5-year CAGR +17.69% vs —, volatility 18.11% vs 17.91%, maximum drawdown −37.63% vs −23.20%. Their portfolios overlap by 26.8% (16 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Mahindra Manulife Mutual Fund |
| Compared as | Manufacturing Funds | Manufacturing Funds |
| NAV | ₹41.1300 | ₹10.9101 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 12 Oct 2018 | 26 Jun 2024 |
| Track record | 8.1 yrs | 2.4 yrs |
| Fund size (AUM) | ₹6,918 Cr | ₹651 Cr |
| Securities held | 70 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| 1 month | +0.51% | +1.34% |
| 3 months | −6.07% | −1.35% |
| 6 months | −0.87% | +1.90% |
| 1 year | +5.11% | +6.30% |
| 3 years (CAGR) | +19.12% | — |
| 5 years (CAGR) | +17.69% | — |
| 7 years (CAGR) | +21.27% | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +19.10% | +3.64% |
| SIP return (XIRR, 5 years) ⓘ | +17.44% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| 2026 (year to date) | +5.87% | +6.60% |
| 2025 | +10.43% | +7.64% |
| 2024 | +22.96% | — |
| 2023 | +48.55% | — |
| 2022 | +8.38% | — |
| 2021 | +46.50% | — |
Risk
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.11% | 17.91% |
| Downside volatility ⓘ | 11.81% | 12.79% |
| Sharpe ratio ⓘ | 0.70 | -0.16 |
| Sortino ratio ⓘ | 1.07 | -0.22 |
| Maximum drawdown ⓘ | −37.63% | −23.20% |
| Recovery from that fall | 8 months | 14 months |
| Current fall from peak | −6.59% | −3.72% |
| Rolling 1-year return: worst | −34.45% | −6.02% |
| Rolling 1-year return: median | +13.81% | +6.88% |
| Rolling 1-year return: best | +110.69% | +23.45% |
| Share of 1-year periods with a loss | 11.47% | 21.96% |
Against each fund's benchmark
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Beta ⓘ | 1.10 | 1.05 |
| Alpha (Jensen's, annualised) ⓘ | +6.74% | +2.48% |
| R² ⓘ | 85.28 | 85.25 |
| Upside capture | 127.36% | 119.48% |
| Downside capture | 99.66% | 109.07% |
| Tracking error | 7.33% | 6.95% |
| Information ratio | 1.03 | 0.26 |
| Treynor ratio | 10.20 | -4.82 |
Portfolio
Asset mix
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Equity | 96.93% | 94.75% |
| Cash & equivalents | 2.88% | 5.23% |
| Debt | 0.16% | 0.00% |
Market-cap split (share of fund assets)
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Large Cap | 50.87% | 42.47% |
| Mid Cap | 21.69% | 12.98% |
| Small Cap | 23.51% | 39.30% |
| Unclassified | 0.89% | 0.00% |
Concentration
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Top 10 holdings | 38.97% | 37.06% |
| Effective number of stocks ⓘ | 40.1 | 42 |
| Securities held | 70 | 50 |
Portfolio overlap: 26.8%
16 companies are held by both funds; by weight, 26.8% of the two portfolios is the same. That is a moderate overlap.
| Held by both | ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing |
|---|---|---|
| Mahindra & Mahindra Limited | 5.16% | 4.42% |
| Sun Pharmaceutical Industries Limited | 3.91% | 3.92% |
| Reliance Industries Limited | 5.90% | 3.68% |
| Samvardhana Motherson International Limited | 2.99% | 2.69% |
| Bharat Electronics Limited | 2.05% | 2.77% |
| Hindalco Industries Limited | 1.93% | 3.44% |
| JSW Steel Limited | 3.03% | 1.35% |
| Hyundai Motor India Ltd. | 3.23% | 1.22% |
| Blue Star Limited | 1.15% | 1.04% |
| Cipla Limited | 1.00% | 0.93% |
| Shree Cement Limited | 1.49% | 0.91% |
| K.P.R. Mill Limited | 0.71% | 1.32% |
| Coromandel International Limited | 0.64% | 0.97% |
| Vesuvius India Limited | 0.54% | 1.69% |
| Schaeffler India Ltd. | 0.53% | 1.25% |
Top 10 holdings
ICICI Prudential Manufacturing
- Reliance Industries Limited5.90%
- Mahindra & Mahindra Limited5.16%
- Dr. Reddy's Laboratories Limited4.67%
- Sun Pharmaceutical Industries Limited3.91%
- Maruti Suzuki India Limited3.91%
- Larsen & Toubro Limited3.31%
- Hyundai Motor India Ltd.3.23%
- JSW Steel Limited3.03%
- Samvardhana Motherson International Limited2.99%
- UltraTech Cement Limited2.85%
Mahindra Manulife Manufacturing
- Divi's Laboratories Limited5.42%
- Mahindra & Mahindra Limited4.42%
- SPR Auto Technologies Ltd4.21%
- Sun Pharmaceutical Industries Limited3.92%
- Reliance Industries Limited3.68%
- Tata Steel Ltd.3.60%
- Hindalco Industries Limited3.44%
- Bajaj Auto Limited2.91%
- Bharat Electronics Limited2.77%
- Samvardhana Motherson International Limited2.69%
Sector exposure
| ICICI Prudential Manufacturing | Mahindra Manulife Manufacturing | |
|---|---|---|
| Auto Components | 4.19% | 15.85% |
| Pharmaceuticals & Biotechnology | 14.60% | 13.26% |
| Automobiles | 14.60% | 8.55% |
| Industrial Products | 8.99% | 11.91% |
| Electrical Equipment | 8.51% | 2.49% |
| Cement & Cement Products | 6.95% | 2.59% |
| Aerospace & Defense | 2.05% | 6.16% |
| Petroleum Products | 5.90% | 3.68% |
| Industrial Manufacturing | 1.50% | 5.82% |
| Chemicals & Petrochemicals | 5.40% | 3.13% |
| Ferrous Metals | 5.33% | 4.95% |
| Non - Ferrous Metals | 4.36% | 4.33% |
| Consumer Durables | 3.93% | 2.07% |
| Construction | 3.82% | 1.51% |
Questions people ask
What is the difference between ICICI Prudential Manufacturing and Mahindra Manulife Manufacturing returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +5.11% vs +6.30%; 3-year CAGR +19.12% vs —; 5-year CAGR +17.69% vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do ICICI Prudential Manufacturing and Mahindra Manulife Manufacturing compare on risk?
Volatility (36 monthly returns, annualised) 18.11% vs 17.91%; Sharpe ratio 0.70 vs -0.16; Sortino ratio 1.07 vs -0.22; maximum drawdown −37.63% vs −23.20%; beta 1.10 vs 1.05.
How much do ICICI Prudential Manufacturing and Mahindra Manulife Manufacturing overlap?
By weight, 26.8% of the two portfolios is invested in the same companies; 16 stocks are held by both, the largest shared positions being Mahindra & Mahindra Limited, Sun Pharmaceutical Industries Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of ICICI Prudential Manufacturing and Mahindra Manulife Manufacturing?
ICICI Prudential Manufacturing: large cap 50.9%, mid cap 21.7%, small cap 23.5%. Mahindra Manulife Manufacturing: large cap 42.5%, mid cap 13.0%, small cap 39.3% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.