Nippon India Nifty India Manufacturing Index Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹11.01+0.36%1 day
- Return since launch
- 9.0%
- 52-week range
- ₹9.73 — ₹11.58
- AUM
- ₹40.82 Cr
Nippon India Nifty India Manufacturing Index Fund is a Thematic-Manufacturing equity fund from Nippon India Mutual Fund with ₹40.82 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 +4.8% against +3.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | −3.1 pts | 7.5% | 5.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.0% | +2.8 pts | 1.2% | 3.7% |
| 3M | -4.9% | −0.8 pts | -4.1% | -4.7% |
| 6M | -1.4% | −2.4 pts | 1.0% | 1.8% |
| 1Y | 4.8% | −2.7 pts | 7.5% | 3.1% |
Since launch (6 Aug 2025): 9.0%
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
0.90%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.67%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.22%
- 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 30 Sep 2026
Asset allocation
- Equity100.0%
- Debt0.0%
- Other0.0%
Market cap split
- Large69.2%
- Mid27.6%
- Small3.2%
- P/E
- 20.44
- P/B
- 3.86
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | Automobile | 4.99% | ₹2.04 Cr | +4.99% | +4.94% | +4.92% |
| Reliance Industries Ltd. | Energy | 4.97% | ₹2.03 Cr | +4.91% | +4.82% | +5.03% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.60% | ₹1.88 Cr | +4.74% | +5.08% | +4.55% |
| Maruti Suzuki India Ltd. | Automobile | 3.72% | ₹1.52 Cr | +4.43% | +4.59% | +4.99% |
| Tata Steel Ltd. | Metals & Mining | 3.66% | ₹1.49 Cr | +3.74% | +4.51% | +3.78% |
| Bharat Electronics Ltd. | Capital Goods | 3.33% | ₹1.36 Cr | +3.55% | +3.29% | +3.67% |
| Hindalco Industries Ltd. | Metals & Mining | 3.26% | ₹1.33 Cr | +3.33% | +3.64% | +2.99% |
| JSW Steel Ltd. | Metals & Mining | 2.89% | ₹1.18 Cr | +2.77% | +2.99% | +2.90% |
| Bajaj Auto Ltd. | Automobile | 2.84% | ₹1.16 Cr | +2.59% | +2.76% | +2.60% |
| Divi's Laboratories Ltd. | Healthcare | 2.82% | ₹1.15 Cr | +2.01% | +2.15% | +1.96% |
| Eicher Motors Ltd. | Automobile | 2.36% | ₹0.96 Cr | +2.34% | +2.57% | +2.61% |
| TVS Motor Company Ltd. | Automobile | 2.31% | ₹0.94 Cr | +1.96% | +2.24% | +2.18% |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.12% | ₹0.86 Cr | +2.00% | +1.51% | +2.29% |
| Tata Motors Ltd. | Automobile | 2.11% | ₹0.86 Cr | +2.12% | +1.89% | — |
| Laurus Labs Ltd. | Healthcare | 1.84% | ₹0.75 Cr | +1.42% | +1.10% | — |
| Cipla Ltd. | Healthcare | 1.81% | ₹0.74 Cr | +1.98% | +1.96% | +2.29% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.80% | ₹0.73 Cr | +1.99% | +2.17% | +2.02% |
| Samvardhana Motherson International Ltd. | Automobile | 1.72% | ₹0.70 Cr | +1.57% | +1.32% | +1.27% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.69% | ₹0.69 Cr | +1.17% | +1.25% | +1.02% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.67% | ₹0.68 Cr | — | — | — |
| Cummins India Ltd. | Capital Goods | 1.54% | ₹0.63 Cr | +1.84% | +1.39% | +1.35% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.46% | ₹0.59 Cr | +1.48% | +1.62% | +1.78% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.42% | ₹0.58 Cr | +1.77% | +1.76% | +3.84% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.40% | ₹0.57 Cr | +1.57% | +1.03% | +1.29% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.31% | ₹0.53 Cr | +1.19% | +1.13% | +1.81% |
| Bharat Forge Ltd. | Automobile | 1.28% | ₹0.52 Cr | +1.37% | +1.27% | +0.87% |
| GE Vernova T&D India Ltd | Capital Goods | 1.24% | ₹0.51 Cr | +1.47% | +1.03% | — |
| Indian Oil Corporation Ltd. | Energy | 1.21% | ₹0.49 Cr | +1.25% | +1.44% | +1.51% |
| Lupin Ltd. | Healthcare | 1.18% | ₹0.48 Cr | +1.41% | +1.59% | +1.25% |
| Solar Industries India Ltd. | Chemicals | 1.15% | ₹0.47 Cr | +1.09% | +0.84% | +0.88% |
| Suzlon Energy Ltd. | Capital Goods | 1.15% | ₹0.47 Cr | +1.72% | +1.10% | +1.69% |
| Aurobindo Pharma Ltd. | Healthcare | 1.11% | ₹0.45 Cr | +1.05% | +1.04% | +0.82% |
| Pidilite Industries Ltd. | Chemicals | 1.09% | ₹0.44 Cr | +1.19% | +1.13% | +1.23% |
| Vedanta Ltd. | Metals & Mining | 1.09% | ₹0.45 Cr | +1.14% | +3.16% | +2.14% |
| Ashok Leyland Ltd. | Automobile | 1.06% | ₹0.43 Cr | +1.09% | +1.01% | +1.04% |
| Polycab India Ltd. | Capital Goods | 1.03% | ₹0.42 Cr | +1.28% | +0.83% | +0.93% |
| Jindal Steel Ltd. | Metals & Mining | 1.01% | ₹0.41 Cr | +0.94% | +1.17% | +1.08% |
| Bosch Ltd. | Automobile | 0.98% | ₹0.40 Cr | +0.83% | +0.71% | +0.89% |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.95% | ₹0.39 Cr | +0.78% | +0.81% | +0.78% |
| Hitachi Energy India Ltd. | Capital Goods | 0.93% | ₹0.38 Cr | — | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 0.89% | ₹0.36 Cr | +0.67% | +0.61% | +0.50% |
| SRF Ltd. | Chemicals | 0.86% | ₹0.35 Cr | +0.96% | +1.01% | +1.11% |
| ABB India Ltd. | Capital Goods | 0.85% | ₹0.35 Cr | +0.89% | +0.71% | +0.69% |
| Welspun Corp Ltd. | Metals & Mining | 0.85% | ₹0.35 Cr | — | — | — |
| Siemens Ltd. | Capital Goods | 0.79% | ₹0.32 Cr | +0.77% | +0.59% | +0.70% |
| Alkem Laboratories Ltd. | Healthcare | 0.75% | ₹0.30 Cr | +0.78% | +0.88% | +0.83% |
| Navin Fluorine International Ltd. | Chemicals | 0.73% | ₹0.30 Cr | +0.68% | +0.64% | +0.46% |
| UPL Ltd. | Chemicals | 0.72% | ₹0.30 Cr | +0.77% | +0.91% | +1.01% |
| Hyundai Motor India Ltd. | Automobile | 0.69% | ₹0.28 Cr | +0.65% | +0.72% | +1.00% |
| Zydus Lifesciences Ltd. | Healthcare | 0.69% | ₹0.28 Cr | +0.67% | +0.62% | +0.66% |
| Siemens Energy India Ltd. | Energy | 0.68% | ₹0.28 Cr | +0.78% | +0.52% | +0.77% |
| Kei Industries Ltd. | Capital Goods | 0.66% | ₹0.27 Cr | +0.81% | +0.57% | +0.64% |
| Hindustan Zinc Ltd. | Metals & Mining | 0.65% | ₹0.27 Cr | +0.62% | +0.62% | +0.57% |
| Havells India Ltd. | Capital Goods | 0.61% | ₹0.25 Cr | +0.70% | +0.85% | +1.02% |
| MRF Ltd. | Automobile | 0.61% | ₹0.25 Cr | +0.63% | +0.75% | +0.79% |
| Tube Investments Of India Ltd. | Automobile | 0.61% | ₹0.25 Cr | +0.78% | +0.76% | +0.89% |
| Voltas Ltd. | Consumer Discretionary | 0.58% | ₹0.24 Cr | +0.70% | +0.82% | +0.83% |
| Page Industries Ltd. | Textiles | 0.55% | ₹0.23 Cr | +0.63% | +0.57% | +0.70% |
| Supreme Industries Ltd. | Materials | 0.53% | ₹0.22 Cr | +0.49% | +0.55% | +0.69% |
| UNO Minda Ltd. | Automobile | 0.51% | ₹0.21 Cr | +0.48% | +0.53% | +0.63% |
| Coromandel International Ltd. | Chemicals | 0.50% | ₹0.21 Cr | +0.58% | +0.64% | +0.72% |
| Blue Star Ltd. | Consumer Discretionary | 0.47% | ₹0.19 Cr | +0.51% | +0.59% | +0.66% |
| PI Industries Ltd. | Chemicals | 0.45% | ₹0.18 Cr | +0.50% | +0.63% | +0.77% |
| Hindustan Copper Ltd. | Metals & Mining | 0.44% | ₹0.18 Cr | +0.40% | +0.42% | — |
| Balkrishna Industries Ltd. | Automobile | 0.41% | ₹0.17 Cr | +0.42% | +0.48% | +0.50% |
| Astral Ltd. | Materials | 0.40% | ₹0.16 Cr | +0.39% | +0.45% | +0.43% |
| Himadri Speciality Chemical Ltd. | Chemicals | 0.38% | ₹0.16 Cr | +0.38% | +0.29% | +0.28% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.38% | ₹0.16 Cr | +0.46% | +0.36% | +0.53% |
| AIA Engineering Ltd. | Metals & Mining | 0.36% | ₹0.15 Cr | +0.47% | +0.32% | +0.30% |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.35% | ₹0.14 Cr | — | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.32% | ₹0.13 Cr | +0.42% | +0.41% | +0.51% |
| Linde India Ltd. | Chemicals | 0.32% | ₹0.13 Cr | +0.37% | +0.41% | +0.36% |
| Cochin Shipyard Ltd. | Capital Goods | 0.30% | ₹0.12 Cr | +0.31% | +0.23% | +0.38% |
| K.P.R. Mill Ltd. | Textiles | 0.29% | ₹0.12 Cr | +0.31% | +0.26% | +0.32% |
| Kaynes Technology India Ltd. | Capital Goods | 0.26% | ₹0.11 Cr | +0.24% | +0.25% | +0.56% |
| Anthem Biosciences Ltd. | Healthcare | 0.22% | ₹0.09 Cr | +0.16% | +0.12% | — |
| Escorts Kubota Ltd. | Automobile | 0.22% | ₹0.09 Cr | +0.23% | +0.21% | +0.29% |
| Others | Others | 0.02% | ₹0.03 Cr | +0.01% | +0.03% | +0.06% |
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% | 3.72% | -0.36% |
| Amber Enterprises India Ltd. | 0.00% | 0.35% | +0.35% |
| Reliance Industries Ltd. | 4.65% | 4.97% | +0.32% |
| Sun Pharmaceutical Industries Ltd. | 4.86% | 4.60% | -0.26% |
| Bajaj Auto Ltd. | 3.10% | 2.84% | -0.26% |
| 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% |
| Dr. Reddy's Laboratories Ltd. | 1.63% | 1.80% | +0.17% |
| Eicher Motors Ltd. | 2.53% | 2.36% | -0.17% |
| Tata Motors Ltd. | 2.27% | 2.11% | -0.16% |
| Kei Industries Ltd. | 0.82% | 0.66% | -0.16% |
| Hindalco Industries Ltd. | 3.40% | 3.26% | -0.14% |
| Tata Steel Ltd. | 3.52% | 3.66% | +0.14% |
| Polycab India Ltd. | 1.17% | 1.03% | -0.14% |
| Mahindra & Mahindra Ltd. | 5.12% | 4.99% | -0.13% |
| Laurus Labs Ltd. | 1.72% | 1.84% | +0.12% |
| Pidilite Industries Ltd. | 1.21% | 1.09% | -0.12% |
| Havells India Ltd. | 0.72% | 0.61% | -0.11% |
| Dixon Technologies (India) Ltd. | 1.42% | 1.31% | -0.11% |
| Bharat Electronics Ltd. | 3.43% | 3.33% | -0.10% |
| Ashok Leyland Ltd. | 1.16% | 1.06% | -0.10% |
| ABB India Ltd. | 0.93% | 0.85% | -0.08% |
| Tube Investments Of India Ltd. | 0.69% | 0.61% | -0.08% |
| Tata Motors Passenger Vehicles Ltd. | 1.49% | 1.42% | -0.07% |
| Bharat Petroleum Corporation Ltd. | 1.52% | 1.46% | -0.06% |
| JSW Steel Ltd. | 2.83% | 2.89% | +0.06% |
| Mazagon Dock Shipbuilders Ltd. | 0.44% | 0.38% | -0.06% |
| CG Power and Industrial Solutions Ltd. | 1.45% | 1.40% | -0.05% |
| Cummins India Ltd. | 1.59% | 1.54% | -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% |
| TVS Motor Company Ltd. | 2.36% | 2.31% | -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% |
| Alkem Laboratories Ltd. | 0.72% | 0.75% | +0.03% |
| Bosch Ltd. | 1.01% | 0.98% | -0.03% |
| Coromandel International Ltd. | 0.53% | 0.50% | -0.03% |
| GE Vernova T&D India Ltd | 1.27% | 1.24% | -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% |
| 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% |
| Hindustan Aeronautics Ltd. | 2.10% | 2.12% | +0.02% |
| MRF Ltd. | 0.63% | 0.61% | -0.02% |
| Samvardhana Motherson International Ltd. | 1.74% | 1.72% | -0.02% |
| Siemens Energy India Ltd. | 0.66% | 0.68% | +0.02% |
| Solar Industries India Ltd. | 1.13% | 1.15% | +0.02% |
| APL Apollo Tubes Ltd. | 0.93% | 0.95% | +0.02% |
| Zydus Lifesciences Ltd. | 0.67% | 0.69% | +0.02% |
| Aurobindo Pharma Ltd. | 1.10% | 1.11% | +0.01% |
| 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% |
| Indian Oil Corporation Ltd. | 1.20% | 1.21% | +0.01% |
| Jindal Steel Ltd. | 1.02% | 1.01% | -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% |
| Navin Fluorine International Ltd. | 0.74% | 0.73% | -0.01% |
| PI Industries Ltd. | 0.44% | 0.45% | +0.01% |
| UPL Ltd. | 0.73% | 0.72% | -0.01% |
| Others | 0.00% | 0.01% | +0.01% |
| Cochin Shipyard Ltd. | 0.30% | 0.30% | 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 | ₹2,328 Cr | 1.61% | 8.9% | 10.4% | 16.3% |
 ICICI Prudential Manufacturing Fund | ₹6,918 Cr | 2.08% | 5.5% | 8.4% | 16.2% |
 Kotak Manufacture in India Fund | ₹3,132 Cr | 2.07% | 15.3% | 13.2% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,386 Cr | 2.32% | 15.9% | 13.5% | 16.4% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹122 Cr | 0.43% | 3.7% | 8.4% | — |
 Navi Nifty India Manufacturing Index Fund | ₹83.12 Cr | 1.16% | 4.3% | 8.6% | — |
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 months−1.41% absolute | ₹60,000 | ₹59,154 | −1.41% | |
| 1 year4.82% annualised | ₹1,20,000 | ₹1,23,180 | 2.65% |
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 ₹11.01 as on 6 Nov 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 ₹8,03,520 Cr under management.