Navi Nifty India Manufacturing Index Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹18.75+0.45%1 day
- Return since launch
- 16.8%
- 52-week range
- ₹16.57 — ₹19.70
- AUM
- ₹86.53 Cr
Navi Nifty India Manufacturing Index Fund is a Thematic-Manufacturing equity fund from Navi Mutual Fund with ₹86.53 Cr under management, launched in 2022. Over three years it has returned 10.0% a year, against 18.0% for its category. The expense ratio is 1.16% 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 +7.5% against +7.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.5% | −5.8 pts | 11.3% | 9.2% |
| 2Y | 8.1% | −3.6 pts | 11.7% | 8.5% |
| 3Y | 10.0% | −8.0 pts | 18.0% | 9.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | −1.8 pts | -2.4% | -2.8% |
| 3M | 0.5% | −2.5 pts | 2.9% | 2.7% |
| 6M | 11.3% | −6.6 pts | 17.9% | 15.0% |
| 1Y | 7.5% | −3.8 pts | 11.3% | 7.5% |
| 2Y | 0.7% | −1.8 pts | 2.5% | 0.5% |
| 3Y | 17.1% | −1.0 pts | 18.0% | 15.6% |
Since launch (12 Aug 2022): 16.8%
Calendar-year returns
Category average33.3%
24.0%
11.1%
Show 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
1.15%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.24%
- 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.67 | 5.86 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 1.02 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.79 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.98 | 1.10 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.73 | 17.45 | 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 31 Aug 2026
Asset allocation
- Equity99.9%
- Other0.1%
Market cap split
- Large69.4%
- Mid28.2%
- Small2.4%
- P/E
- 22.97
- P/B
- 3.87
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | Automobile | 5.12% | ₹4.43 Cr | +4.52% | +4.66% | +5.00% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.86% | ₹4.20 Cr | +4.62% | +4.90% | +4.73% |
| Reliance Industries Ltd. | Energy | 4.65% | ₹4.02 Cr | +4.21% | +4.44% | +4.65% |
| Maruti Suzuki India Ltd. | Automobile | 4.08% | ₹3.53 Cr | +4.35% | +4.45% | +5.35% |
| Tata Steel Ltd. | Metals & Mining | 3.52% | ₹3.05 Cr | +4.34% | +4.68% | +3.52% |
| Bharat Electronics Ltd. | Capital Goods | 3.43% | ₹2.97 Cr | +2.99% | +4.07% | +3.52% |
| Hindalco Industries Ltd. | Metals & Mining | 3.40% | ₹2.94 Cr | +4.12% | +3.57% | +2.81% |
| Bajaj Auto Ltd. | Automobile | 3.10% | ₹2.69 Cr | +2.93% | +2.95% | +2.63% |
| JSW Steel Ltd. | Metals & Mining | 2.83% | ₹2.45 Cr | +3.03% | +3.17% | +2.68% |
| Divi's Laboratories Ltd. | Healthcare | 2.78% | ₹2.40 Cr | +2.14% | +2.17% | +2.14% |
| Eicher Motors Ltd. | Automobile | 2.53% | ₹2.19 Cr | +2.49% | +2.94% | +2.31% |
| TVS Motor Company Ltd. | Automobile | 2.36% | ₹2.04 Cr | +1.99% | +2.42% | +2.12% |
| Tata Motors Ltd. | Automobile | 2.27% | ₹1.97 Cr | +1.61% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.10% | ₹1.82 Cr | +1.66% | +1.90% | +2.19% |
| Cipla Ltd. | Healthcare | 1.83% | ₹1.58 Cr | +1.99% | +2.02% | +2.46% |
| Samvardhana Motherson International Ltd. | Automobile | 1.74% | ₹1.51 Cr | +1.63% | +1.58% | +1.13% |
| Laurus Labs Ltd. | Healthcare | 1.72% | ₹1.49 Cr | +1.34% | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.63% | ₹1.41 Cr | +2.01% | +2.09% | +2.11% |
| Cummins India Ltd. | Capital Goods | 1.59% | ₹1.38 Cr | +1.62% | +1.69% | +1.38% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.52% | ₹1.31 Cr | +1.53% | +1.99% | +1.65% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.49% | ₹1.29 Cr | +1.24% | +0.87% | +0.71% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.49% | ₹1.29 Cr | +2.08% | +2.13% | +3.85% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.45% | ₹1.26 Cr | +1.28% | +1.27% | +1.18% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.42% | ₹1.23 Cr | +1.20% | +1.15% | +1.79% |
| Suzlon Energy Ltd. | Capital Goods | 1.34% | ₹1.16 Cr | +1.41% | +1.32% | +1.79% |
| Bharat Forge Ltd. | Automobile | 1.30% | ₹1.12 Cr | +1.32% | +1.36% | +0.81% |
| GE Vernova T&D India Ltd | Capital Goods | 1.27% | ₹1.10 Cr | +1.30% | — | — |
| Lupin Ltd. | Healthcare | 1.23% | ₹1.06 Cr | +1.39% | +1.49% | +1.26% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.23% | ₹1.06 Cr | +1.17% | +1.21% | +1.03% |
| Pidilite Industries Ltd. | Chemicals | 1.21% | ₹1.05 Cr | +1.16% | +1.24% | +1.30% |
| Indian Oil Corporation Ltd. | Energy | 1.20% | ₹1.04 Cr | +1.32% | +1.87% | +1.41% |
| Polycab India Ltd. | Capital Goods | 1.17% | ₹1.01 Cr | +1.02% | +1.16% | +0.95% |
| Ashok Leyland Ltd. | Automobile | 1.16% | ₹1.00 Cr | +0.91% | +1.54% | +0.97% |
| Solar Industries India Ltd. | Chemicals | 1.13% | ₹0.98 Cr | +1.12% | +0.88% | +0.92% |
| Aurobindo Pharma Ltd. | Healthcare | 1.10% | ₹0.95 Cr | +1.01% | +0.91% | +0.79% |
| Vedanta Ltd. | Metals & Mining | 1.09% | ₹0.94 Cr | +1.51% | +3.25% | +1.96% |
| Jindal Steel Ltd. | Metals & Mining | 1.02% | ₹0.88 Cr | +1.13% | +1.24% | +0.96% |
| Bosch Ltd. | Automobile | 1.00% | ₹0.87 Cr | +0.80% | +0.84% | +0.96% |
| ABB India Ltd. | Capital Goods | 0.93% | ₹0.80 Cr | +0.77% | +0.81% | +0.70% |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.93% | ₹0.81 Cr | +0.68% | +1.04% | +0.77% |
| SRF Ltd. | Chemicals | 0.86% | ₹0.74 Cr | +1.00% | +0.99% | +1.13% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.84% | ₹0.73 Cr | +0.69% | +0.64% | +0.55% |
| Kei Industries Ltd. | Capital Goods | 0.82% | ₹0.71 Cr | +0.66% | +0.80% | +0.63% |
| Siemens Ltd. | Capital Goods | 0.82% | ₹0.71 Cr | +0.69% | +0.77% | +0.72% |
| Navin Fluorine International Ltd. | Chemicals | 0.74% | ₹0.64 Cr | +0.66% | +0.61% | — |
| Hyundai Motor India Ltd. | Automobile | 0.73% | ₹0.63 Cr | +0.69% | +0.82% | +0.97% |
| UPL Ltd. | Chemicals | 0.73% | ₹0.63 Cr | +0.91% | +0.95% | +1.00% |
| Alkem Laboratories Ltd. | Healthcare | 0.72% | ₹0.62 Cr | +0.81% | +0.88% | +0.79% |
| Havells India Ltd. | Capital Goods | 0.72% | ₹0.63 Cr | +0.75% | +0.94% | +1.06% |
| Tube Investments Of India Ltd. | Automobile | 0.69% | ₹0.59 Cr | +0.85% | +0.78% | +0.87% |
| Zydus Lifesciences Ltd. | Healthcare | 0.67% | ₹0.58 Cr | +0.68% | +0.61% | +0.67% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.66% | ₹0.57 Cr | +0.69% | +0.70% | +0.42% |
| Siemens Energy India Ltd. | Energy | 0.66% | ₹0.57 Cr | +0.70% | +0.66% | — |
| MRF Ltd. | Automobile | 0.63% | ₹0.55 Cr | +0.63% | +0.75% | +0.78% |
| Voltas Ltd. | Consumer Discretionary | 0.63% | ₹0.54 Cr | +0.72% | +0.95% | +0.86% |
| UNO Minda Ltd. | Automobile | 0.54% | ₹0.46 Cr | +0.51% | +0.57% | — |
| Coromandel International Ltd. | Chemicals | 0.53% | ₹0.46 Cr | +0.52% | +0.70% | +0.75% |
| Supreme Industries Ltd. | Materials | 0.53% | ₹0.46 Cr | +0.47% | +0.65% | +0.77% |
| Page Industries Ltd. | Textiles | 0.52% | ₹0.45 Cr | +0.61% | +0.54% | +0.77% |
| Blue Star Ltd. | Consumer Discretionary | 0.44% | ₹0.38 Cr | +0.52% | +0.67% | +0.67% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.44% | ₹0.38 Cr | +0.38% | +0.43% | +0.53% |
| PI Industries Ltd. | Chemicals | 0.44% | ₹0.38 Cr | +0.57% | +0.67% | +0.82% |
| Astral Ltd. | Materials | 0.43% | ₹0.37 Cr | +0.39% | +0.52% | +0.45% |
| Balkrishna Industries Ltd. | Automobile | 0.42% | ₹0.37 Cr | +0.45% | +0.51% | +0.50% |
| Hindustan Copper Ltd. | Metals & Mining | 0.40% | ₹0.34 Cr | +0.45% | — | +0.21% |
| AIA Engineering Ltd. | Metals & Mining | 0.38% | ₹0.33 Cr | +0.36% | +0.38% | +0.32% |
| Himadri Speciality Chemical Ltd. | Chemicals | 0.36% | ₹0.31 Cr | +0.36% | +0.30% | +0.29% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.35% | ₹0.30 Cr | +0.46% | +0.44% | +0.58% |
| Linde India Ltd. | Chemicals | 0.31% | ₹0.27 Cr | +0.38% | +0.38% | +0.37% |
| Cochin Shipyard Ltd. | Capital Goods | 0.30% | ₹0.26 Cr | +0.25% | +0.32% | +0.36% |
| K.P.R. Mill Ltd. | Textiles | 0.30% | ₹0.26 Cr | +0.27% | +0.28% | +0.27% |
| Kaynes Technology India Ltd. | Capital Goods | 0.27% | ₹0.23 Cr | +0.20% | +0.31% | +0.44% |
| Escorts Kubota Ltd. | Automobile | 0.23% | ₹0.20 Cr | +0.19% | +0.30% | +0.31% |
| Castrol India Ltd. | Chemicals | 0.20% | ₹0.18 Cr | +0.22% | +0.24% | +0.26% |
| Anthem Biosciences Ltd. | Healthcare | 0.18% | ₹0.16 Cr | +0.12% | — | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.18% | ₹0.16 Cr | +0.16% | +0.17% | +0.23% |
| Others | Others | 0.10% | ₹0.09 Cr | -0.03% | -2.75% | +0.23% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.02% | ₹0.02 Cr | +0.02% | — | +0.03% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Divi's Laboratories Ltd. | 2.40% | 2.78% | +0.38% |
| Maruti Suzuki India Ltd. | 4.35% | 4.08% | -0.27% |
| Mahindra & Mahindra Ltd. | 5.38% | 5.12% | -0.26% |
| Samvardhana Motherson International Ltd. | 1.56% | 1.74% | +0.18% |
| Reliance Industries Ltd. | 4.83% | 4.65% | -0.18% |
| Bharat Electronics Ltd. | 3.25% | 3.43% | +0.18% |
| Tata Motors Passenger Vehicles Ltd. | 1.66% | 1.49% | -0.17% |
| Bosch Ltd. | 0.84% | 1.00% | +0.16% |
| Cummins India Ltd. | 1.75% | 1.59% | -0.16% |
| APL Apollo Tubes Ltd. | 0.78% | 0.93% | +0.15% |
| Tata Steel Ltd. | 3.67% | 3.52% | -0.15% |
| Others | 0.25% | 0.10% | -0.15% |
| Lupin Ltd. | 1.37% | 1.23% | -0.14% |
| Tata Motors Ltd. | 2.14% | 2.27% | +0.13% |
| Bajaj Auto Ltd. | 2.99% | 3.10% | +0.11% |
| Cipla Ltd. | 1.94% | 1.83% | -0.11% |
| Bharat Heavy Electricals Ltd. | 1.39% | 1.49% | +0.10% |
| Kei Industries Ltd. | 0.72% | 0.82% | +0.10% |
| Hindalco Industries Ltd. | 3.30% | 3.40% | +0.10% |
| Navin Fluorine International Ltd. | 0.65% | 0.74% | +0.09% |
| PI Industries Ltd. | 0.52% | 0.44% | -0.08% |
| Solar Industries India Ltd. | 1.05% | 1.13% | +0.08% |
| Voltas Ltd. | 0.71% | 0.63% | -0.08% |
| Page Industries Ltd. | 0.60% | 0.52% | -0.08% |
| Sun Pharmaceutical Industries Ltd. | 4.94% | 4.86% | -0.08% |
| Aurobindo Pharma Ltd. | 1.02% | 1.10% | +0.08% |
| Bharat Forge Ltd. | 1.37% | 1.30% | -0.07% |
| Blue Star Ltd. | 0.51% | 0.44% | -0.07% |
| Alkem Laboratories Ltd. | 0.79% | 0.72% | -0.07% |
| Laurus Labs Ltd. | 1.66% | 1.72% | +0.06% |
| UPL Ltd. | 0.79% | 0.73% | -0.06% |
| Jindal Steel Ltd. | 0.96% | 1.02% | +0.06% |
| CG Power and Industrial Solutions Ltd. | 1.39% | 1.45% | +0.06% |
| Dixon Technologies (India) Ltd. | 1.37% | 1.42% | +0.05% |
| Himadri Speciality Chemical Ltd. | 0.41% | 0.36% | -0.05% |
| Hindustan Zinc Ltd. | 0.61% | 0.66% | +0.05% |
| Coromandel International Ltd. | 0.58% | 0.53% | -0.05% |
| Ashok Leyland Ltd. | 1.11% | 1.16% | +0.05% |
| Balkrishna Industries Ltd. | 0.47% | 0.42% | -0.05% |
| Siemens Ltd. | 0.78% | 0.82% | +0.04% |
| Crompton Greaves Consumer Electricals Ltd. | 0.39% | 0.35% | -0.04% |
| Vedanta Ltd. | 1.05% | 1.09% | +0.04% |
| Pidilite Industries Ltd. | 1.17% | 1.21% | +0.04% |
| JSW Steel Ltd. | 2.79% | 2.83% | +0.04% |
| AIA Engineering Ltd. | 0.42% | 0.38% | -0.04% |
| UNO Minda Ltd. | 0.50% | 0.54% | +0.04% |
| Hindustan Aeronautics Ltd. | 2.06% | 2.10% | +0.04% |
| ABB India Ltd. | 0.90% | 0.93% | +0.03% |
| SRF Ltd. | 0.89% | 0.86% | -0.03% |
| Sona BLW Precision Forgings Ltd. | 0.81% | 0.84% | +0.03% |
| Polycab India Ltd. | 1.14% | 1.17% | +0.03% |
| Torrent Pharmaceuticals Ltd. | 1.26% | 1.23% | -0.03% |
| Suzlon Energy Ltd. | 1.37% | 1.34% | -0.03% |
| Indian Oil Corporation Ltd. | 1.23% | 1.20% | -0.03% |
| K.P.R. Mill Ltd. | 0.27% | 0.30% | +0.03% |
| Havells India Ltd. | 0.74% | 0.72% | -0.02% |
| Linde India Ltd. | 0.33% | 0.31% | -0.02% |
| Hindustan Copper Ltd. | 0.38% | 0.40% | +0.02% |
| Honeywell Automation India Ltd. | 0.20% | 0.18% | -0.02% |
| Cochin Shipyard Ltd. | 0.28% | 0.30% | +0.02% |
| Mazagon Dock Shipbuilders Ltd. | 0.42% | 0.44% | +0.02% |
| GE Vernova T&D India Ltd | 1.25% | 1.27% | +0.02% |
| Astral Ltd. | 0.42% | 0.43% | +0.01% |
| TVS Motor Company Ltd. | 2.37% | 2.36% | -0.01% |
| Anthem Biosciences Ltd. | 0.17% | 0.18% | +0.01% |
| Escorts Kubota Ltd. | 0.24% | 0.23% | -0.01% |
| Zydus Lifesciences Ltd. | 0.66% | 0.67% | +0.01% |
| Dr. Reddy's Laboratories Ltd. | 1.64% | 1.63% | -0.01% |
| Siemens Energy India Ltd. | 0.67% | 0.66% | -0.01% |
| Kaynes Technology India Ltd. | 0.28% | 0.27% | -0.01% |
| Castrol India Ltd. | 0.21% | 0.20% | -0.01% |
| Supreme Industries Ltd. | 0.52% | 0.53% | +0.01% |
| MRF Ltd. | 0.63% | 0.63% | 0.00% |
| Bharat Petroleum Corporation Ltd. | 1.52% | 1.52% | 0.00% |
| Eicher Motors Ltd. | 2.53% | 2.53% | 0.00% |
| Hyundai Motor India Ltd. | 0.73% | 0.73% | 0.00% |
| Tube Investments Of India Ltd. | 0.69% | 0.69% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.02% | 0.02% | 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 | ₹2,958 Cr | 1.75% | 17.0% | 13.7% | 18.5% |
 ICICI Prudential Manufacturing Fund | ₹7,175 Cr | 2.14% | 9.7% | 10.9% | 18.0% |
 Kotak Manufacture in India Fund | ₹3,127 Cr | 2.08% | 22.5% | 15.8% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,402 Cr | 2.32% | 30.4% | 18.1% | 19.1% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹129 Cr | 0.44% | 5.4% | 10.1% | — |
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
- Ashutosh ShirwaikarMr. Shirwaikar has done MMS and CFAPrior to joining Navi MF, he has worked with Quantum AMC and ICICI Bank
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 months11.28% absolute | ₹60,000 | ₹66,768 | 11.28% | |
| 1 year7.54% annualised | ₹1,20,000 | ₹1,25,016 | 4.18% | |
| 3 years17.06% annualised | ₹3,60,000 | ₹4,72,477 | 31.24% |
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 ₹18.75 as on 25 Sep 2026.
What is the expense ratio of Navi Nifty India Manufacturing Index Fund?
The expense ratio of Navi Nifty India Manufacturing Index Fund is 1.16% 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 17 schemes with ₹9,453 Cr under management.