Index/ETF · Other Scheme - Index Funds
Nippon India Nifty India Manufacturing Index Fund
Open in live screener →Key metrics
Latest NAV
₹11.31
Day change
-0.21%
Volatility
15.0%
Sharpe
0.29
Max drawdown
-12.1%
Expense ratio
0.21%
AUM
₹19 Cr
Category rank
66 / 293
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | -2.38% | -2.84% | 3.29% | 5.13% | 10.81% | – | – | – | – |
Returns up to 1Y are absolute; 1Y and longer are annualised (CAGR). Source: public AMFI NAV data.
NAV history
Chart shows the fund's available daily NAV history. Daily NAV data begins around 2006, so older funds may predate this range.
About this fund
Nippon India Nifty India Manufacturing Index Fund is a passive index fund/ETF offered by Nippon India Mutual Fund, classified under Index/ETF as Other Scheme - Index Funds. It aims to mirror an index rather than beat it, usually at a lower cost than active funds. Its latest NAV is ₹11.31, with assets under management of about ₹19 Cr (April - June 2026).
Performance analysis
Over the trailing one year, Nippon India Nifty India Manufacturing Index Fund has recorded a return of about 10.8%. Its annualised volatility is 15.0% — moderate fluctuations — and its Sharpe ratio is 0.29, a measure of return per unit of risk taken. The direct-plan base expense ratio is 0.21%, deducted daily from the NAV.
Rolling returns
Frequently asked questions
What does Nippon India Nifty India Manufacturing Index Fund invest in?
It invests primarily in the constituents of the index it tracks.
How is this fund classified?
It is a Other Scheme - Index Funds fund in the Index/ETF group.
How often is the NAV updated?
Mutual fund NAVs are declared by the AMC on every business day. This page sources NAV from public AMFI data and refreshes twice daily.
What is its expense ratio?
0.21% (direct plan, base expense ratio), deducted daily from the NAV. Some platforms quote a higher all-in Total TER — verify with the AMC.
How is the rolling return calculated?
Rolling return averages the fund's annualised return over every possible window of a given length across its history, rather than a single start-to-end period — reducing the effect of one lucky or unlucky entry date.
Is past performance a guarantee of future returns?
No. Past performance does not indicate future results; mutual fund values fluctuate with markets. Read all scheme-related documents carefully before investing.
Compare with peers
Similar Other Scheme - Index Funds
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Bandhan BSE India Sector Leaders Index Fund Other Scheme - Index Funds | -3.39 | 2.24 | 1.22 | – | – | – | – | 0.24 |
| Tata Nifty Next 50 Index Fund Other Scheme - Index Funds | -2.79 | 3.73 | 8.03 | – | – | – | – | 0.19 |
| Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund Other Scheme - Index Funds | 0.72 | 2.39 | 3.68 | – | – | – | – | – |
| Zerodha Nifty 50 Index Fund Other Scheme - Index Funds | -3.19 | 2.36 | -2.05 | – | – | – | – | 0.10 |
| Zerodha BSE SENSEX Index Fund Other Scheme - Index Funds | -3.02 | 3.03 | -2.94 | – | – | – | – | 0.29 |
| ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 INDEX FUND Other Scheme - Index Funds | 0.72 | 1.57 | 7.36 | – | – | – | – | 0.29 |
| HDFC BSE India Sector Leaders Index Fund Other Scheme - Index Funds | -3.38 | 2.26 | 1.27 | – | – | – | – | – |
| DSP Nifty Midcap 150 Index Fund Other Scheme - Index Funds | -1.25 | 3.81 | 8.96 | – | – | – | – | 0.21 |
More funds from Nippon India
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Gold BeES Other Scheme - Gold ETF | 1.84 | -1.41 | -4.07 | 41.67 | 35.37 | 24.93 | – | 0.69 |
| Nippon India ETF Nifty PSU Bank BeES Other Scheme - Other ETFs | -4.15 | 1.85 | -7.91 | 23.14 | 21.76 | 29.95 | – | 0.42 |
| Nippon India ETF Nifty 50 Shariah BeES Other Scheme - Other ETFs | -6.32 | -2.57 | -4.57 | -10.04 | 0.39 | -0.20 | – | 0.82 |
| Nippon India ETF Hang Seng BeES Other Scheme - Other ETFs | -1.39 | 2.12 | 3.16 | 8.67 | 19.54 | 6.93 | – | 0.79 |
| Nippon India ETF Nifty Infrastructure BeES Other Scheme - Other ETFs | -3.26 | 0.31 | -0.17 | 2.75 | 14.13 | 13.65 | – | 0.43 |
| CPSE ETF Other Scheme - Other ETFs | -0.46 | -6.36 | -9.75 | 4.77 | 22.15 | 29.15 | – | 0.06 |
| Nippon India Ultra Short Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.65 | 2.13 | 3.82 | 7.14 | 7.62 | 6.99 | – | – |
| Nippon India Nivesh Lakshya Long Term Fund Income/Debt Oriented Schemes - Long Term Fund | -1.17 | 2.38 | 2.40 | 2.87 | 6.30 | 5.88 | – | – |
Returns ≥ 1Y are annualised (CAGR). TER = direct-plan base expense ratio. Click a fund to open its page.