Navi Nifty India Manufacturing Index Fund
The scheme seeks to achieve return equivalent to Nifty India ManufacturingIndex by investing in stocks of companies comprising Nifty India Manufacturing Index, subject to tracking error.
Growthvine rating: 5/5 — ranked #24 of 245 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹17.94 (as of 2026-10-01) |
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| AUM | ₹87 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Ashutosh Shirwaikar |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.79 |
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| Standard deviation | 16.73% |
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| Max drawdown | −23.35% |
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| Alpha | 4.67 |
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| Beta | 1 |
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Market cap allocation
| Large cap | 69.4% |
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| Mid cap | 28.2% |
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| Small cap | 2.4% |
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Concentration
| Top 5 holdings | 22.2% |
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| Top 10 holdings | 37.8% |
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| Total holdings | 77 |
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Top holdings
- Mahindra & Mahindra Ltd. — 5.1%
- Sun Pharmaceutical Industries Ltd. — 4.9%
- Reliance Industries Ltd — 4.7%
- Maruti Suzuki India Ltd. — 4.1%
- TATA STEEL LIMITED — 3.5%
- Bharat Electronics Ltd. — 3.4%
- Hindalco Industries Ltd. — 3.4%
- Bajaj Auto Limited — 3.1%
- JSW Steel Limited — 2.8%
- Divis Laboratories Ltd. — 2.8%
Top sectors
- Automobile — 26.6%
- Pharma & Biotech — 18.0%
- Electricals — 8.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −1.3% | — | — |
| 2025 | 11.1% | — | — |
| 2024 | 24.2% | — | — |
| 2023 | 33.3% | — | — |