Nippon India Nifty India Manufacturing ETF

The Nippon India Nifty India Manufacturing ETF, managed by Nippon Life India Asset Management Limited, aims for long-term capital growth by investing in equity related to the Nifty India Manufacturing Index.

This passive fund employs a replication strategy to track the Nifty India Manufacturing TRI, ensuring minimal tracking error of just 0.05%, making it an efficient investment vehicle.

The portfolio is diversified, with a notable 24.1% allocation to the automobiles sector, featuring key holdings like Maruti Suzuki India Limited and Mahindra & Mahindra Limited, reflecting concentration risk.

In the past year, the ETF has delivered a return of 4.0%, showcasing its ability to provide consistent performance within its investment category despite the absence of longer-term CAGR data.

With a fund size of ₹8.59 Cr and a low expense ratio of 0.25%, the ETF is accessible for investors, managed by Jitendra Tolani since August 2025, ensuring operational efficiency.