Navi Nifty India Manufacturing Index Fund
- 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
Navi Nifty India Manufacturing Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.2% against +4.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.8% | −2.9 pts | 8.7% | 7.2% |
| 2Y | 8.7% | −2.1 pts | 10.8% | 7.8% |
| 3Y | 9.2% | −8.4 pts | 17.5% | 8.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.6% | +2.4 pts | 4.2% | 4.5% |
| 3M | -3.9% | −1.1 pts | -2.8% | -3.5% |
| 6M | 1.4% | −2.6 pts | 4.0% | 3.2% |
| 1Y | 5.2% | −3.5 pts | 8.7% | 4.5% |
| 2Y | 6.3% | 0.0 pts | 6.3% | 4.5% |
| 3Y | 17.5% | 0.0 pts | 17.5% | 15.6% |
Since launch (12 Aug 2022): 16.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 11.1% | +5.8 pts | 5.3% |
| 2024 | 24.0% | −2.7 pts | 26.6% |
| 2023 | 33.3% | −3.7 pts | 37.0% |
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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 5.34 | 6.50 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.04 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.62 | 0.66 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.81 | 0.93 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.40 | 17.96 | How 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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | Automobile | 4.98% | ₹4.14 Cr | +5.00% | +4.97% | +4.87% |
| Reliance Industries Ltd. | Energy | 4.96% | ₹4.12 Cr | +4.91% | +4.85% | +4.98% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.59% | ₹3.82 Cr | +4.75% | +5.11% | +4.50% |
| Maruti Suzuki India Ltd. | Automobile | 3.71% | ₹3.09 Cr | +4.44% | +4.62% | +4.94% |
| Tata Steel Ltd. | Metals & Mining | 3.65% | ₹3.03 Cr | +3.74% | +4.53% | +3.74% |
| Bharat Electronics Ltd. | Capital Goods | 3.32% | ₹2.76 Cr | +3.55% | +3.31% | +3.64% |
| Hindalco Industries Ltd. | Metals & Mining | 3.25% | ₹2.71 Cr | +3.34% | +3.66% | +2.96% |
| JSW Steel Ltd. | Metals & Mining | 2.88% | ₹2.39 Cr | +2.77% | +3.01% | +2.87% |
| Bajaj Auto Ltd. | Automobile | 2.83% | ₹2.35 Cr | +2.59% | +2.78% | +2.58% |
| Divi's Laboratories Ltd. | Healthcare | 2.82% | ₹2.34 Cr | +2.01% | +2.16% | +1.94% |
| Eicher Motors Ltd. | Automobile | 2.35% | ₹1.96 Cr | +2.35% | +2.59% | +2.58% |
| TVS Motor Company Ltd. | Automobile | 2.30% | ₹1.91 Cr | +1.96% | +2.26% | +2.16% |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.11% | ₹1.76 Cr | +2.00% | +1.52% | +2.26% |
| Tata Motors Ltd. | Automobile | 2.10% | ₹1.75 Cr | +2.13% | +1.90% | — |
| Laurus Labs Ltd. | Healthcare | 1.84% | ₹1.53 Cr | +1.42% | +1.10% | — |
| Cipla Ltd. | Healthcare | 1.81% | ₹1.50 Cr | +1.99% | +1.97% | +2.27% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.79% | ₹1.49 Cr | +1.99% | +2.19% | +2.00% |
| Samvardhana Motherson International Ltd. | Automobile | 1.72% | ₹1.43 Cr | +1.58% | +1.33% | +1.26% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.69% | ₹1.40 Cr | +1.17% | +1.26% | +1.01% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.67% | ₹1.39 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | 1.53% | ₹1.28 Cr | +1.84% | +1.40% | +1.33% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.45% | ₹1.21 Cr | +1.48% | +1.63% | +1.76% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.42% | ₹1.18 Cr | +1.77% | +1.77% | +3.81% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.40% | ₹1.16 Cr | +1.57% | +1.04% | +1.28% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.30% | ₹1.08 Cr | +1.19% | +1.14% | +1.79% |
| Bharat Forge Ltd. | Automobile | 1.28% | ₹1.06 Cr | +1.38% | +1.28% | +0.87% |
| GE Vernova T&D India Ltd | Capital Goods | 1.24% | ₹1.03 Cr | +1.48% | +1.04% | — |
| Indian Oil Corporation Ltd. | Energy | 1.20% | ₹1.00 Cr | +1.25% | +1.45% | +1.50% |
| Lupin Ltd. | Healthcare | 1.18% | ₹0.98 Cr | +1.42% | +1.60% | +1.24% |
| Suzlon Energy Ltd. | Capital Goods | 1.15% | ₹0.95 Cr | +1.73% | +1.11% | +1.68% |
| Solar Industries India Ltd. | Chemicals | 1.14% | ₹0.95 Cr | +1.10% | +0.84% | +0.87% |
| Aurobindo Pharma Ltd. | Healthcare | 1.10% | ₹0.92 Cr | +1.05% | +1.04% | +0.81% |
| Pidilite Industries Ltd. | Chemicals | 1.09% | ₹0.90 Cr | +1.19% | +1.14% | +1.22% |
| Vedanta Ltd. | Metals & Mining | 1.09% | ₹0.90 Cr | +1.15% | +3.18% | +2.12% |
| Ashok Leyland Ltd. | Automobile | 1.05% | ₹0.88 Cr | +1.09% | +1.02% | +1.03% |
| Polycab India Ltd. | Capital Goods | 1.02% | ₹0.85 Cr | +1.28% | +0.83% | +0.92% |
| Jindal Steel Ltd. | Metals & Mining | 1.00% | ₹0.83 Cr | +0.95% | +1.18% | +1.07% |
| Bosch Ltd. | Automobile | 0.97% | ₹0.81 Cr | +0.84% | +0.71% | +0.89% |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.95% | ₹0.79 Cr | +0.78% | +0.81% | +0.77% |
| Hitachi Energy India Ltd. | Capital Goods | 0.93% | ₹0.77 Cr | — | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.89% | ₹0.74 Cr | +0.67% | +0.62% | +0.49% |
| SRF Ltd. | Chemicals | 0.86% | ₹0.71 Cr | +0.96% | +1.01% | +1.10% |
| ABB India Ltd. | Capital Goods | 0.85% | ₹0.71 Cr | +0.89% | +0.72% | +0.68% |
| Welspun Corp Ltd. | Metals & Mining | 0.85% | ₹0.71 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 0.79% | ₹0.65 Cr | +0.77% | +0.60% | +0.69% |
| Alkem Laboratories Ltd. | Healthcare | 0.74% | ₹0.62 Cr | +0.78% | +0.89% | +0.82% |
| Navin Fluorine International Ltd. | Chemicals | 0.72% | ₹0.60 Cr | +0.68% | +0.65% | +0.46% |
| UPL Ltd. | Chemicals | 0.72% | ₹0.60 Cr | +0.77% | +0.91% | +1.00% |
| Hyundai Motor India Ltd. | Automobile | 0.69% | ₹0.57 Cr | +0.65% | +0.73% | +0.99% |
| Zydus Lifesciences Ltd. | Healthcare | 0.69% | ₹0.57 Cr | +0.67% | +0.62% | +0.66% |
| Siemens Energy India Ltd. | Energy | 0.68% | ₹0.56 Cr | +0.78% | +0.52% | +0.77% |
| Kei Industries Ltd. | Capital Goods | 0.66% | ₹0.55 Cr | +0.81% | +0.57% | +0.63% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.65% | ₹0.54 Cr | +0.62% | +0.62% | +0.56% |
| Havells India Ltd. | Capital Goods | 0.61% | ₹0.51 Cr | +0.70% | +0.86% | +1.01% |
| MRF Ltd. | Automobile | 0.60% | ₹0.50 Cr | +0.62% | +0.75% | +0.80% |
| Tube Investments Of India Ltd. | Automobile | 0.60% | ₹0.50 Cr | +0.78% | +0.77% | +0.89% |
| Voltas Ltd. | Consumer Discretionary | 0.58% | ₹0.48 Cr | +0.70% | +0.83% | +0.83% |
| Page Industries Ltd. | Textiles | 0.55% | ₹0.45 Cr | +0.63% | +0.57% | +0.69% |
| Supreme Industries Ltd. | Materials | 0.53% | ₹0.44 Cr | +0.49% | +0.56% | +0.68% |
| UNO Minda Ltd. | Automobile | 0.51% | ₹0.42 Cr | +0.48% | +0.54% | +0.63% |
| Coromandel International Ltd. | Chemicals | 0.50% | ₹0.42 Cr | +0.58% | +0.65% | +0.71% |
| Blue Star Ltd. | Consumer Discretionary | 0.47% | ₹0.39 Cr | +0.51% | +0.60% | +0.65% |
| PI Industries Ltd. | Chemicals | 0.45% | ₹0.37 Cr | +0.50% | +0.63% | +0.76% |
| Hindustan Copper Ltd. | Metals & Mining | 0.44% | ₹0.36 Cr | +0.40% | +0.43% | — |
| Balkrishna Industries Ltd. | Automobile | 0.41% | ₹0.34 Cr | +0.42% | +0.48% | +0.49% |
| Astral Ltd. | Materials | 0.40% | ₹0.33 Cr | +0.39% | +0.45% | +0.42% |
| Himadri Speciality Chemical Ltd. | Chemicals | 0.38% | ₹0.32 Cr | +0.38% | +0.30% | +0.28% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.38% | ₹0.32 Cr | +0.46% | +0.36% | +0.53% |
| AIA Engineering Ltd. | Metals & Mining | 0.36% | ₹0.30 Cr | +0.48% | +0.33% | +0.30% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.35% | ₹0.29 Cr | — | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.32% | ₹0.27 Cr | +0.43% | +0.41% | +0.50% |
| Linde India Ltd. | Chemicals | 0.32% | ₹0.26 Cr | +0.37% | +0.41% | +0.35% |
| Cochin Shipyard Ltd. | Capital Goods | 0.30% | ₹0.25 Cr | +0.31% | +0.23% | +0.38% |
| Others | Others | 0.30% | ₹0.22 Cr | +0.23% | +0.01% | +0.94% |
| K.P.R. Mill Ltd. | Textiles | 0.29% | ₹0.24 Cr | +0.32% | +0.26% | +0.32% |
| Kaynes Technology India Ltd. | Capital Goods | 0.26% | ₹0.22 Cr | +0.24% | +0.25% | +0.55% |
| Anthem Biosciences Ltd. | Healthcare | 0.22% | ₹0.18 Cr | +0.17% | +0.12% | — |
| Escorts Kubota Ltd. | Automobile | 0.22% | ₹0.18 Cr | +0.23% | +0.21% | +0.29% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| 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% |
| Others | 0.10% | 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 Ltd | 1.27% | 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:20133 | 0.02% | 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.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,889 Cr | 1.72% | 11.8% | 11.5% | 16.6% |
| ₹6,918 Cr | 2.08% | 6.1% | 8.7% | 16.4% | |
| ₹3,132 Cr | 2.07% | 17.8% | 14.1% | — | |
| ₹1,386 Cr | 2.32% | 17.6% | 14.2% | 16.8% | |
| ₹122 Cr | 0.43% | 5.5% | 9.2% | — |
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.
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 past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months1.41% absolute | ₹60,000 | ₹60,846 | 1.41% | |
| 1 year5.22% annualised | ₹1,20,000 | ₹1,23,448 | 2.87% | |
| 3 years17.52% annualised | ₹3,60,000 | ₹4,76,068 | 32.24% |
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.