The Nippon India Nifty India Manufacturing ETF, managed by Nippon Life India Asset Management Limited, aims for long-term capital growth by replicating the Nifty India Manufacturing Index.

This open-ended passive fund utilizes a tracking strategy aligned with the Nifty India Manufacturing TRI, maintaining a low tracking error of 0.05%.

The portfolio is heavily weighted towards the automobiles sector, representing 24.08%, with notable holdings in Maruti Suzuki and Mahindra & Mahindra, indicating potential concentration risk.

Over the past year, the fund has delivered a performance of +5.2%, reflecting its stability amidst market fluctuations, although long-term CAGR data is not available.

With an AUM of ₹8.59 Cr and a low expense ratio of 0.25%, the fund offers an efficient investment vehicle for exposure to the manufacturing sector, managed by Jitendra Tolani since August 2025.