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Navi Nifty India Manufacturing Index Fund

Thematic-ManufacturingVery HighOPEN-ENDED
Invest Now
NAV as on 9 Nov 2026
₹18.92+1.15%1 day
Return since launch
16.3%
52-week range
₹16.57 — ₹19.70
AUM
₹83.12 Cr

Navi Nifty India Manufacturing Index Fund is a Thematic-Manufacturing equity fund from Navi Mutual Fund with ₹83.12 Cr under management, launched in 2022. Over three years it has returned 9.2% a year, against 17.5% for its category. The expense ratio is 1.17% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y5.8%−2.9 pts8.7%7.2%
2Y8.7%−2.1 pts10.8%7.8%
3Y9.2%−8.4 pts17.5%8.0%

Fund against category

1Y
Fund5.8%
Category8.7%
3Y
Fund9.2%
Category17.5%

Since launch (12 Aug 2022): 16.3%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
202511.1%+5.8 pts5.3%
202424.0%−2.7 pts26.6%
202333.3%−3.7 pts37.0%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

1.16%

Expense ratio as on 6 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
0.90%
Brokerage
0.01%
Transaction charges
0.00%
Statutory levies
0.25%
Exit load
0%
Lock-in
None

Terms

Min SIP
₹2,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
Nifty India Manufacturing TRI
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha5.346.50Return earned above what the benchmark alone would have given. Higher is better.
Beta1.041.03How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.620.66Return earned for each unit of total risk taken. Higher is better.
Sortino0.810.93Return earned for each unit of downside risk. Higher is better.
Std. deviation17.4017.96How widely monthly returns have varied around their own average. Lower is steadier.
Average of 4 category peers

Portfolio

Navi Nifty India Manufacturing Index Fund portfolio

Portfolio as of 30 Sep 2026

Asset allocation

  • Equity99.7%
  • Other0.3%

Market cap split

  • Large69.2%
  • Mid27.6%
  • Small3.2%
P/E
20.43
P/B
3.86

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Mahindra & Mahindra Ltd.Automobile4.98%₹4.14 Cr+5.00%+4.97%+4.87%
Reliance Industries Ltd.Energy4.96%₹4.12 Cr+4.91%+4.85%+4.98%
Sun Pharmaceutical Industries Ltd.Healthcare4.59%₹3.82 Cr+4.75%+5.11%+4.50%
Maruti Suzuki India Ltd.Automobile3.71%₹3.09 Cr+4.44%+4.62%+4.94%
Tata Steel Ltd.Metals & Mining3.65%₹3.03 Cr+3.74%+4.53%+3.74%
Bharat Electronics Ltd.Capital Goods3.32%₹2.76 Cr+3.55%+3.31%+3.64%
Hindalco Industries Ltd.Metals & Mining3.25%₹2.71 Cr+3.34%+3.66%+2.96%
JSW Steel Ltd.Metals & Mining2.88%₹2.39 Cr+2.77%+3.01%+2.87%
Bajaj Auto Ltd.Automobile2.83%₹2.35 Cr+2.59%+2.78%+2.58%
Divi's Laboratories Ltd.Healthcare2.82%₹2.34 Cr+2.01%+2.16%+1.94%

Sectors

  • Automobile28.6%
  • Healthcare18.5%
  • Capital Goods17.8%
  • Metals & Mining16.8%
  • Energy8.3%
  • Chemicals6.2%
  • Consumer Discretionary1.7%
  • Materials0.9%

Instruments

  • Cash/Net Current Assets0.3%

Recent changes

HoldingFromToWeight
Vedanta Aluminium Metal Ltd.0.00%1.67%+1.67%
Bharat Heavy Electricals Ltd.1.49%0.00%-1.49%
Hitachi Energy India Ltd.0.00%0.93%+0.93%
Welspun Corp Ltd.0.00%0.85%+0.85%
Torrent Pharmaceuticals Ltd.1.23%1.69%+0.46%
Maruti Suzuki India Ltd.4.08%3.71%-0.37%
Amber Enterprises India Ltd.0.00%0.35%+0.35%
Reliance Industries Ltd.4.65%4.96%+0.31%
Sun Pharmaceutical Industries Ltd.4.86%4.59%-0.27%
Bajaj Auto Ltd.3.10%2.83%-0.27%
Others0.10%0.30%+0.20%
Castrol India Ltd.0.20%0.00%-0.20%
Suzlon Energy Ltd.1.34%1.15%-0.19%
Honeywell Automation India Ltd.0.18%0.00%-0.18%
Eicher Motors Ltd.2.53%2.35%-0.18%
Tata Motors Ltd.2.27%2.10%-0.17%
Dr. Reddy's Laboratories Ltd.1.63%1.79%+0.16%
Kei Industries Ltd.0.82%0.66%-0.16%
Hindalco Industries Ltd.3.40%3.25%-0.15%
Polycab India Ltd.1.17%1.02%-0.15%
Mahindra & Mahindra Ltd.5.12%4.98%-0.14%
Tata Steel Ltd.3.52%3.65%+0.13%
Laurus Labs Ltd.1.72%1.84%+0.12%
Dixon Technologies (India) Ltd.1.42%1.30%-0.12%
Pidilite Industries Ltd.1.21%1.09%-0.12%
Bharat Electronics Ltd.3.43%3.32%-0.11%
Havells India Ltd.0.72%0.61%-0.11%
Ashok Leyland Ltd.1.16%1.05%-0.11%
Tube Investments Of India Ltd.0.69%0.60%-0.09%
ABB India Ltd.0.93%0.85%-0.08%
Bharat Petroleum Corporation Ltd.1.52%1.45%-0.07%
Tata Motors Passenger Vehicles Ltd.1.49%1.42%-0.07%
Cummins India Ltd.1.59%1.53%-0.06%
TVS Motor Company Ltd.2.36%2.30%-0.06%
Mazagon Dock Shipbuilders Ltd.0.44%0.38%-0.06%
CG Power and Industrial Solutions Ltd.1.45%1.40%-0.05%
Lupin Ltd.1.23%1.18%-0.05%
Sona BLW Precision Forgings Ltd.0.84%0.89%+0.05%
Voltas Ltd.0.63%0.58%-0.05%
JSW Steel Ltd.2.83%2.88%+0.05%
Divi's Laboratories Ltd.2.78%2.82%+0.04%
Hyundai Motor India Ltd.0.73%0.69%-0.04%
Anthem Biosciences Ltd.0.18%0.22%+0.04%
Hindustan Copper Ltd.0.40%0.44%+0.04%
Bosch Ltd.1.00%0.97%-0.03%
Coromandel International Ltd.0.53%0.50%-0.03%
GE Vernova T&D India Ltd1.27%1.24%-0.03%
MRF Ltd.0.63%0.60%-0.03%
Page Industries Ltd.0.52%0.55%+0.03%
UNO Minda Ltd.0.54%0.51%-0.03%
Astral Ltd.0.43%0.40%-0.03%
Blue Star Ltd.0.44%0.47%+0.03%
Crompton Greaves Consumer Electricals Ltd.0.35%0.32%-0.03%
Siemens Ltd.0.82%0.79%-0.03%
AIA Engineering Ltd.0.38%0.36%-0.02%
Alkem Laboratories Ltd.0.72%0.74%+0.02%
Bharat Forge Ltd.1.30%1.28%-0.02%
Cipla Ltd.1.83%1.81%-0.02%
Himadri Speciality Chemical Ltd.0.36%0.38%+0.02%
Jindal Steel Ltd.1.02%1.00%-0.02%
Navin Fluorine International Ltd.0.74%0.72%-0.02%
Samvardhana Motherson International Ltd.1.74%1.72%-0.02%
Siemens Energy India Ltd.0.66%0.68%+0.02%
APL Apollo Tubes Ltd.0.93%0.95%+0.02%
Zydus Lifesciences Ltd.0.67%0.69%+0.02%
company:201330.02%0.00%-0.02%
Balkrishna Industries Ltd.0.42%0.41%-0.01%
Escorts Kubota Ltd.0.23%0.22%-0.01%
Hindustan Zinc Ltd.0.66%0.65%-0.01%
K.P.R. Mill Ltd.0.30%0.29%-0.01%
Kaynes Technology India Ltd.0.27%0.26%-0.01%
Linde India Ltd.0.31%0.32%+0.01%
PI Industries Ltd.0.44%0.45%+0.01%
Solar Industries India Ltd.1.13%1.14%+0.01%
UPL Ltd.0.73%0.72%-0.01%
Hindustan Aeronautics Ltd.2.10%2.11%+0.01%
Aurobindo Pharma Ltd.1.10%1.10%0.00%
Cochin Shipyard Ltd.0.30%0.30%0.00%
Indian Oil Corporation Ltd.1.20%1.20%0.00%
SRF Ltd.0.86%0.86%0.00%
Supreme Industries Ltd.0.53%0.53%0.00%
Vedanta Ltd.1.09%1.09%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹2,889 Cr1.72%11.8%11.5%16.6%
ICICI Prudential Manufacturing Fund₹6,918 Cr2.08%6.1%8.7%16.4%
Kotak Manufacture in India Fund₹3,132 Cr2.07%17.8%14.1%—
Aditya Birla Sun Life Manufacturing Equity Fund₹1,386 Cr2.32%17.6%14.2%16.8%
Mirae Asset Nifty India Manufacturing ETF FoF₹122 Cr0.43%5.5%9.2%—
See all Sectoral and Thematic funds

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to achieve return equivalent to Nifty India ManufacturingIndex by investing in stocks of companies comprising Nifty India Manufacturing Index, subject to tracking error.

Fund managers

  • Rushabh PatelB.Tech. in Mechanical Engineering, Pandit Deendayal Petroleum University, Gandhinagar, MBA in Finance.Prior to joining Navi AMC, Rushabh key contributions include: Equity Research & Analysis: Conducted in-depth research and analysis of small, mid, and large-cap companies.
  • Shrineel SarafBachelors and Masters of Science, PGDM-Business Management from XLRI Jamshedpur.Mr. Shrineel Saraf is an experienced investment professional with expertise in portfolio management, equity research and quantitative modelling. His experience includes portfolio and strategy development for Large & Mid Cap funds and factor funds, along with equity research involving financial modelling, business model assessments and forensic governance reviews.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months1.41% absolute₹60,000₹60,8461.41%
1 year5.22% annualised₹1,20,000₹1,23,4482.87%
3 years17.52% annualised₹3,60,000₹4,76,06832.24%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of Navi Nifty India Manufacturing Index Fund?
The NAV of Navi Nifty India Manufacturing Index Fund is ₹18.92 as on 9 Nov 2026.
What is the expense ratio of Navi Nifty India Manufacturing Index Fund?
The expense ratio of Navi Nifty India Manufacturing Index Fund is 1.17% per year.
What is the minimum SIP amount for Navi Nifty India Manufacturing Index Fund?
You can start a SIP in Navi Nifty India Manufacturing Index Fund with ₹2,000 a month.
Is there a lock-in or exit load on Navi Nifty India Manufacturing Index Fund?
Lock-in: None. Exit load: 0%.
How risky is Navi Nifty India Manufacturing Index Fund?
Navi Nifty India Manufacturing Index Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Manufacturing category.
Which fund house manages Navi Nifty India Manufacturing Index Fund?
Navi Nifty India Manufacturing Index Fund is managed by Navi Mutual Fund, which runs 18 schemes with ₹9,944 Cr under management.