Nifty India Manufacturing index funds compared
6 plans that track the Nifty India Manufacturing index, compared on cost and how closely they follow it. Data as of 5 Nov 2026.
Direct plans (3)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| Nippon India Nifty India Manufacturing Index FundNippon India Mutual Fund | A+ | 0.36% | -0.27% | 0.09% | 4.4% | ₹41 cr |
| Navi Nifty India Manufacturing Index FundNavi Mutual Fund | B | 0.57% | -0.44% | 0.14% | 4.2% | ₹83 cr |
| UTI Nifty India Manufacturing Index FundUTI Mutual Fund | B | 0.71% | -0.66% | 0.09% | 4.0% | ₹31 cr |
Regular plans (3)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| Nippon India Nifty India Manufacturing Index FundNippon India Mutual Fund | A+ | 0.90% | -0.85% | 0.09% | 3.8% | ₹41 cr |
| UTI Nifty India Manufacturing Index FundUTI Mutual Fund | B | 1.13% | -1.08% | 0.09% | 3.6% | ₹31 cr |
| Navi Nifty India Manufacturing Index FundNavi Mutual Fund | B | 1.16% | -1.05% | 0.15% | 3.6% | ₹83 cr |
Common questions
How many Nifty India Manufacturing index funds are there?
3 schemes track the Nifty India Manufacturing index, with 6 plans (Regular and Direct), as of 5 Nov 2026.
Which Nifty India Manufacturing index fund has the lowest tracking error?
Among Direct plans, Nippon India Nifty India Manufacturing Index Fund had the lowest 1-year tracking error, 0.09%, as of 5 Nov 2026. Tracking error measures how closely the fund follows the index day to day.
Which Nifty India Manufacturing index fund has the lowest expense ratio?
Among Direct plans, Nippon India Nifty India Manufacturing Index Fund at 0.36% a year, as of 5 Nov 2026.
How do you choose between index funds on the same index?
They hold the same stocks, so look at cost (expense ratio), how closely they track (tracking difference and tracking error) and size (AUM, for smooth trading). Our rating weighs those in that order.
Ratings describe past tracking and cost, not a recommendation. Read the scheme documents before investing.