Nippon India Nifty India Manufacturing Index Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹10.98-1.30%1 day
- Return since launch
- 11.2%
- 52-week range
- ₹9.73 — ₹11.58
- AUM
- ₹42.71 Cr
Nippon India Nifty India Manufacturing Index Fund is a Thematic-Manufacturing equity fund from Nippon India Mutual Fund with ₹42.71 Cr under management, launched in 2025. The expense ratio is 0.90% and the SEBI riskometer reading is Very High.
Performance
Nippon India 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 +5.6% against +5.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.3% | −4.8 pts | 9.1% | 7.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.7% | −1.9 pts | -2.8% | -3.2% |
| 3M | -0.6% | −2.7 pts | 2.1% | 1.5% |
| 6M | 8.3% | −6.5 pts | 14.8% | 12.0% |
| 1Y | 5.6% | −3.5 pts | 9.1% | 5.4% |
Since launch (6 Aug 2025): 11.2%
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
0.89%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.67%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.21%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- 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.
Portfolio
Nippon India Nifty India Manufacturing Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.9%
- Debt0.0%
- 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% | ₹2.19 Cr | +4.50% | +4.52% | +5.06% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.86% | ₹2.07 Cr | +4.59% | +4.76% | +4.79% |
| Reliance Industries Ltd. | Energy | 4.65% | ₹1.99 Cr | +4.19% | +4.31% | +4.70% |
| Maruti Suzuki India Ltd. | Automobile | 4.08% | ₹1.74 Cr | +4.33% | +4.32% | +5.41% |
| Tata Steel Ltd. | Metals & Mining | 3.52% | ₹1.50 Cr | +4.32% | +4.54% | +3.56% |
| Bharat Electronics Ltd. | Capital Goods | 3.43% | ₹1.47 Cr | +2.98% | +3.95% | +3.56% |
| Hindalco Industries Ltd. | Metals & Mining | 3.40% | ₹1.45 Cr | +4.10% | +3.46% | +2.84% |
| Bajaj Auto Ltd. | Automobile | 3.10% | ₹1.33 Cr | +2.91% | +2.86% | +2.66% |
| JSW Steel Ltd. | Metals & Mining | 2.83% | ₹1.21 Cr | +3.01% | +3.08% | +2.71% |
| Divi's Laboratories Ltd. | Healthcare | 2.78% | ₹1.19 Cr | +2.13% | +2.11% | +2.17% |
| Eicher Motors Ltd. | Automobile | 2.53% | ₹1.08 Cr | +2.48% | +2.85% | +2.34% |
| TVS Motor Company Ltd. | Automobile | 2.36% | ₹1.01 Cr | +1.98% | +2.35% | +2.14% |
| Tata Motors Ltd. | Automobile | 2.27% | ₹0.97 Cr | +1.61% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.10% | ₹0.90 Cr | +1.65% | +1.84% | +2.22% |
| Cipla Ltd. | Healthcare | 1.83% | ₹0.78 Cr | +1.98% | +1.96% | +2.49% |
| Samvardhana Motherson International Ltd. | Automobile | 1.74% | ₹0.74 Cr | +1.62% | +1.53% | +1.14% |
| Laurus Labs Ltd. | Healthcare | 1.72% | ₹0.74 Cr | +1.33% | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.63% | ₹0.69 Cr | +2.00% | +2.03% | +2.14% |
| Cummins India Ltd. | Capital Goods | 1.59% | ₹0.68 Cr | +1.61% | +1.64% | +1.39% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.52% | ₹0.65 Cr | +1.52% | +1.93% | +1.66% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.49% | ₹0.64 Cr | +1.23% | +0.84% | +0.72% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.49% | ₹0.64 Cr | +2.07% | +2.07% | +3.89% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.45% | ₹0.62 Cr | +1.27% | +1.23% | +1.20% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.42% | ₹0.61 Cr | +1.19% | +1.12% | +1.81% |
| Suzlon Energy Ltd. | Capital Goods | 1.34% | ₹0.57 Cr | +1.40% | +1.28% | +1.81% |
| Bharat Forge Ltd. | Automobile | 1.30% | ₹0.55 Cr | +1.31% | +1.32% | +0.82% |
| GE Vernova T&D India Ltd | Capital Goods | 1.27% | ₹0.54 Cr | +1.29% | — | — |
| Lupin Ltd. | Healthcare | 1.23% | ₹0.52 Cr | +1.38% | +1.44% | +1.28% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.23% | ₹0.52 Cr | +1.16% | +1.17% | +1.04% |
| Pidilite Industries Ltd. | Chemicals | 1.21% | ₹0.52 Cr | +1.16% | +1.20% | +1.31% |
| Indian Oil Corporation Ltd. | Energy | 1.20% | ₹0.51 Cr | +1.32% | +1.81% | +1.42% |
| Polycab India Ltd. | Capital Goods | 1.17% | ₹0.50 Cr | +1.01% | +1.12% | +0.96% |
| Ashok Leyland Ltd. | Automobile | 1.16% | ₹0.50 Cr | +0.90% | +1.50% | +0.98% |
| Solar Industries India Ltd. | Chemicals | 1.13% | ₹0.48 Cr | +1.11% | +0.85% | +0.94% |
| Aurobindo Pharma Ltd. | Healthcare | 1.10% | ₹0.47 Cr | +1.00% | +0.88% | +0.80% |
| Vedanta Ltd. | Metals & Mining | 1.09% | ₹0.47 Cr | +1.50% | +3.16% | +1.99% |
| Jindal Steel Ltd. | Metals & Mining | 1.02% | ₹0.44 Cr | +1.12% | +1.20% | +0.97% |
| Bosch Ltd. | Automobile | 1.01% | ₹0.43 Cr | +0.79% | +0.82% | +0.97% |
| ABB India Ltd. | Capital Goods | 0.93% | ₹0.40 Cr | +0.77% | +0.79% | +0.71% |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.93% | ₹0.40 Cr | +0.67% | +1.01% | +0.78% |
| SRF Ltd. | Chemicals | 0.86% | ₹0.37 Cr | +0.99% | +0.96% | +1.15% |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.84% | ₹0.36 Cr | +0.68% | +0.62% | +0.55% |
| Kei Industries Ltd. | Capital Goods | 0.82% | ₹0.35 Cr | +0.66% | +0.78% | +0.63% |
| Siemens Ltd. | Capital Goods | 0.82% | ₹0.35 Cr | +0.69% | +0.75% | +0.73% |
| Navin Fluorine International Ltd. | Chemicals | 0.74% | ₹0.31 Cr | +0.66% | +0.60% | — |
| Hyundai Motor India Ltd. | Automobile | 0.73% | ₹0.31 Cr | +0.69% | +0.80% | +0.98% |
| UPL Ltd. | Chemicals | 0.73% | ₹0.31 Cr | +0.91% | +0.92% | +1.01% |
| Alkem Laboratories Ltd. | Healthcare | 0.72% | ₹0.31 Cr | +0.81% | +0.85% | +0.79% |
| Havells India Ltd. | Capital Goods | 0.72% | ₹0.31 Cr | +0.75% | +0.91% | +1.07% |
| Tube Investments Of India Ltd. | Automobile | 0.69% | ₹0.29 Cr | +0.84% | +0.76% | +0.88% |
| Zydus Lifesciences Ltd. | Healthcare | 0.67% | ₹0.29 Cr | +0.68% | +0.60% | +0.68% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.66% | ₹0.28 Cr | +0.69% | +0.68% | +0.43% |
| Siemens Energy India Ltd. | Energy | 0.66% | ₹0.28 Cr | +0.69% | +0.64% | — |
| MRF Ltd. | Automobile | 0.63% | ₹0.27 Cr | +0.62% | +0.74% | +0.79% |
| Voltas Ltd. | Consumer Discretionary | 0.63% | ₹0.27 Cr | +0.71% | +0.92% | +0.87% |
| UNO Minda Ltd. | Automobile | 0.54% | ₹0.23 Cr | +0.50% | +0.56% | — |
| Coromandel International Ltd. | Chemicals | 0.53% | ₹0.22 Cr | +0.52% | +0.68% | +0.76% |
| Supreme Industries Ltd. | Materials | 0.53% | ₹0.23 Cr | +0.46% | +0.64% | +0.78% |
| Page Industries Ltd. | Textiles | 0.52% | ₹0.22 Cr | +0.61% | +0.53% | +0.78% |
| Blue Star Ltd. | Consumer Discretionary | 0.44% | ₹0.19 Cr | +0.52% | +0.65% | +0.68% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.44% | ₹0.19 Cr | +0.38% | +0.42% | +0.53% |
| PI Industries Ltd. | Chemicals | 0.44% | ₹0.19 Cr | +0.56% | +0.65% | +0.83% |
| Astral Ltd. | Materials | 0.43% | ₹0.18 Cr | +0.39% | +0.51% | +0.45% |
| Balkrishna Industries Ltd. | Automobile | 0.42% | ₹0.18 Cr | +0.44% | +0.49% | +0.51% |
| Hindustan Copper Ltd. | Metals & Mining | 0.40% | ₹0.17 Cr | +0.44% | — | +0.21% |
| AIA Engineering Ltd. | Metals & Mining | 0.38% | ₹0.16 Cr | +0.35% | +0.37% | +0.32% |
| Himadri Speciality Chemical Ltd. | Chemicals | 0.36% | ₹0.15 Cr | +0.36% | +0.29% | +0.29% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.35% | ₹0.15 Cr | +0.45% | +0.43% | +0.59% |
| Linde India Ltd. | Chemicals | 0.31% | ₹0.13 Cr | +0.38% | +0.37% | +0.37% |
| Cochin Shipyard Ltd. | Capital Goods | 0.30% | ₹0.13 Cr | +0.25% | +0.31% | +0.37% |
| K.P.R. Mill Ltd. | Textiles | 0.30% | ₹0.13 Cr | +0.27% | +0.27% | +0.28% |
| Kaynes Technology India Ltd. | Capital Goods | 0.27% | ₹0.11 Cr | +0.20% | +0.30% | +0.45% |
| Escorts Kubota Ltd. | Automobile | 0.23% | ₹0.10 Cr | +0.19% | +0.29% | +0.32% |
| Castrol India Ltd. | Chemicals | 0.20% | ₹0.09 Cr | +0.22% | +0.23% | +0.27% |
| Anthem Biosciences Ltd. | Healthcare | 0.18% | ₹0.08 Cr | +0.12% | — | — |
| Honeywell Automation India Ltd. | Capital Goods | 0.18% | ₹0.08 Cr | +0.16% | +0.17% | +0.23% |
| Others | Others | 0.10% | ₹0.04 Cr | 0.00% | +0.01% | -10.14% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Divi's Laboratories Ltd. | 2.40% | 2.78% | +0.38% |
| Maruti Suzuki India Ltd. | 4.36% | 4.08% | -0.28% |
| Mahindra & Mahindra Ltd. | 5.39% | 5.12% | -0.27% |
| Reliance Industries Ltd. | 4.84% | 4.65% | -0.19% |
| Samvardhana Motherson International Ltd. | 1.56% | 1.74% | +0.18% |
| Tata Motors Passenger Vehicles Ltd. | 1.67% | 1.49% | -0.18% |
| Bharat Electronics Ltd. | 3.26% | 3.43% | +0.17% |
| Bosch Ltd. | 0.84% | 1.01% | +0.17% |
| Tata Steel Ltd. | 3.68% | 3.52% | -0.16% |
| Cummins India Ltd. | 1.75% | 1.59% | -0.16% |
| APL Apollo Tubes Ltd. | 0.78% | 0.93% | +0.15% |
| Lupin Ltd. | 1.38% | 1.23% | -0.15% |
| Tata Motors Ltd. | 2.14% | 2.27% | +0.13% |
| Cipla Ltd. | 1.95% | 1.83% | -0.12% |
| Bajaj Auto Ltd. | 2.99% | 3.10% | +0.11% |
| Bharat Heavy Electricals Ltd. | 1.39% | 1.49% | +0.10% |
| Kei Industries Ltd. | 0.72% | 0.82% | +0.10% |
| Navin Fluorine International Ltd. | 0.65% | 0.74% | +0.09% |
| Hindalco Industries Ltd. | 3.31% | 3.40% | +0.09% |
| Sun Pharmaceutical Industries Ltd. | 4.95% | 4.86% | -0.09% |
| PI Industries Ltd. | 0.52% | 0.44% | -0.08% |
| Page Industries Ltd. | 0.60% | 0.52% | -0.08% |
| Voltas Ltd. | 0.71% | 0.63% | -0.08% |
| Bharat Forge Ltd. | 1.38% | 1.30% | -0.08% |
| Solar Industries India Ltd. | 1.05% | 1.13% | +0.08% |
| Alkem Laboratories Ltd. | 0.79% | 0.72% | -0.07% |
| Aurobindo Pharma Ltd. | 1.03% | 1.10% | +0.07% |
| UPL Ltd. | 0.80% | 0.73% | -0.07% |
| Blue Star Ltd. | 0.51% | 0.44% | -0.07% |
| CG Power and Industrial Solutions Ltd. | 1.39% | 1.45% | +0.06% |
| Jindal Steel Ltd. | 0.96% | 1.02% | +0.06% |
| Laurus Labs Ltd. | 1.66% | 1.72% | +0.06% |
| Hindustan Zinc Ltd. | 0.61% | 0.66% | +0.05% |
| Balkrishna Industries Ltd. | 0.47% | 0.42% | -0.05% |
| Himadri Speciality Chemical Ltd. | 0.41% | 0.36% | -0.05% |
| Coromandel International Ltd. | 0.58% | 0.53% | -0.05% |
| Dixon Technologies (India) Ltd. | 1.37% | 1.42% | +0.05% |
| Crompton Greaves Consumer Electricals Ltd. | 0.39% | 0.35% | -0.04% |
| Pidilite Industries Ltd. | 1.17% | 1.21% | +0.04% |
| UNO Minda Ltd. | 0.50% | 0.54% | +0.04% |
| Vedanta Ltd. | 1.05% | 1.09% | +0.04% |
| AIA Engineering Ltd. | 0.42% | 0.38% | -0.04% |
| Siemens Ltd. | 0.78% | 0.82% | +0.04% |
| Ashok Leyland Ltd. | 1.12% | 1.16% | +0.04% |
| Hindustan Aeronautics Ltd. | 2.07% | 2.10% | +0.03% |
| JSW Steel Ltd. | 2.80% | 2.83% | +0.03% |
| ABB India Ltd. | 0.90% | 0.93% | +0.03% |
| Havells India Ltd. | 0.75% | 0.72% | -0.03% |
| Indian Oil Corporation Ltd. | 1.23% | 1.20% | -0.03% |
| Polycab India Ltd. | 1.14% | 1.17% | +0.03% |
| SRF Ltd. | 0.89% | 0.86% | -0.03% |
| Suzlon Energy Ltd. | 1.37% | 1.34% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 1.26% | 1.23% | -0.03% |
| K.P.R. Mill Ltd. | 0.27% | 0.30% | +0.03% |
| Sona BLW Precision Forgings Ltd. | 0.81% | 0.84% | +0.03% |
| Hindustan Copper Ltd. | 0.38% | 0.40% | +0.02% |
| Honeywell Automation India Ltd. | 0.20% | 0.18% | -0.02% |
| Linde India Ltd. | 0.33% | 0.31% | -0.02% |
| Mazagon Dock Shipbuilders Ltd. | 0.42% | 0.44% | +0.02% |
| TVS Motor Company Ltd. | 2.38% | 2.36% | -0.02% |
| Cochin Shipyard Ltd. | 0.28% | 0.30% | +0.02% |
| Astral Ltd. | 0.42% | 0.43% | +0.01% |
| Dr. Reddy's Laboratories Ltd. | 1.64% | 1.63% | -0.01% |
| GE Vernova T&D India Ltd | 1.26% | 1.27% | +0.01% |
| Kaynes Technology India Ltd. | 0.28% | 0.27% | -0.01% |
| MRF Ltd. | 0.62% | 0.63% | +0.01% |
| Siemens Energy India Ltd. | 0.67% | 0.66% | -0.01% |
| Supreme Industries Ltd. | 0.52% | 0.53% | +0.01% |
| Zydus Lifesciences Ltd. | 0.66% | 0.67% | +0.01% |
| Anthem Biosciences Ltd. | 0.17% | 0.18% | +0.01% |
| Castrol India Ltd. | 0.21% | 0.20% | -0.01% |
| Escorts Kubota Ltd. | 0.24% | 0.23% | -0.01% |
| Others | 0.00% | 0.00% | 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% |
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 | ₹2,384 Cr | 1.62% | 13.2% | 12.8% | 18.4% |
 ICICI Prudential Manufacturing Fund | ₹7,175 Cr | 2.13% | 7.8% | 10.7% | 17.8% |
 Kotak Manufacture in India Fund | ₹3,127 Cr | 2.08% | 21.4% | 15.8% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,402 Cr | 2.32% | 28.7% | 17.9% | 18.9% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹129 Cr | 0.44% | 4.1% | 9.9% | — |
 Navi Nifty India Manufacturing Index Fund | ₹86.53 Cr | 1.15% | 4.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty India Manufacturing Index before expenses, subject to tracking errors.
Fund managers
- Himanshu MangeMr. Mange has done B.Com and CAPrior to joining Nippon India MF, he has worked with Tata AIA Life Insurance, Pipalia Singhal & Associates, Felix Solutions, Lodha Group and N.B.Gandhi & Co.
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 months8.34% absolute | ₹60,000 | ₹65,004 | 8.34% | |
| 1 year5.59% annualised | ₹1,20,000 | ₹1,23,696 | 3.08% |
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 Nippon India Nifty India Manufacturing Index Fund?
The NAV of Nippon India Nifty India Manufacturing Index Fund is ₹10.98 as on 24 Sep 2026.
What is the expense ratio of Nippon India Nifty India Manufacturing Index Fund?
The expense ratio of Nippon India Nifty India Manufacturing Index Fund is 0.90% per year.
What is the minimum SIP amount for Nippon India Nifty India Manufacturing Index Fund?
You can start a SIP in Nippon India Nifty India Manufacturing Index Fund with ₹3,000 a month.
Is there a lock-in or exit load on Nippon India Nifty India Manufacturing Index Fund?
Lock-in: None. Exit load: 0%.
How risky is Nippon India Nifty India Manufacturing Index Fund?
Nippon India Nifty India Manufacturing Index Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Manufacturing category.
Which fund house manages Nippon India Nifty India Manufacturing Index Fund?
Nippon India Nifty India Manufacturing Index Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹7,67,506 Cr under management.