Nifty India Manufacturing index funds and ETFs
3 index funds and ETFs track the Nifty India Manufacturing, as each fund house reported for Sep 2026. Closest to the index over the year: Nippon India Nifty India Manufacturing ETF. Tracking difference is the fund's return less the index's over the year; its costs make it negative, so the figure nearest nought is the closest.
ETFs on the Nifty India Manufacturing
Closest to the index first, then the lowest expense ratio. The premium is the median over the month's trading days of each day's close against its NAV.
Nippon India Nifty India Manufacturing ETFNippon India Mutual FundTracking difference−0.27%After fee−0.01%Tracking error0.05%Expense ratio0.28%Fund size, ₹ Cr16Premium or discount+0.11%
Mirae Asset Nifty India Manufacturing ETFMirae Asset Mutual FundTracking difference−0.54%After fee−0.03%Tracking error0.06%Expense ratio0.51%Fund size, ₹ Cr252Premium or discount+0.03%
Motilal Oswal Nifty India Manufacturing ETFMotilal Oswal Mutual FundTracking difference−0.68%After fee−0.10%Tracking error0.12%Expense ratio0.65%Fund size, ₹ Cr2Premium or discount+0.39%
About Nifty India Manufacturing index funds and ETFs
Nifty India Manufacturing index funds and ETFs are funds that hold the companies of the Nifty India Manufacturing index, NSE's index of manufacturing businesses, so their return follows the index less costs.
The index they track
Nifty India Manufacturing was launched by NSE Indices on 16 Aug 2021. Its stocks come from the Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50, and only companies in basic industries that represent manufacturing are eligible, from auto components and aerospace and defence to commodity chemicals, fertilizers and heavy electrical equipment. Basic industry is the industry group a company is classified in.
Weights and reviews
Weights follow free-float market capitalization (company size counted only on the shares available for trading), with a ceiling of 5% on any one stock. Automobile and Auto Components and Capital Goods must hold at least 20% each, unless either has fewer than 4 stocks in the index. The index is reconstituted in Mar and Sep, so a fund tracking it trades its holdings around those months.
Funds on this page
This page lists the ETFs that track this index. An ETF is a fund that trades on the exchange like a share. Funds are ordered nearest the index first, then by expense ratio.
Tracking difference and tracking error
Tracking difference is the fund's return over the year less the index's; costs usually keep it below zero. The after fee figure adds the year's average expense ratio back to show what remains of the gap. Tracking error measures how much the daily gaps between fund and index varied, on a yearly scale.
Expense ratio, size and premium
The expense ratio is the fund's yearly charge as a share of the money invested. It is deducted from NAV (net asset value, the value of one unit) daily, so returns are already net of it. Fund size is assets under management across all plans at month-end. Premium or discount is the median, across the month's trading days, of each day's close divided by that day's NAV, less one.