Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Nifty India Manufacturing ETF

Holds 77 companies worth ₹15.6 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹15.6 CrNippon India Nifty India Manufacturing ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 33.0% on Aug 2026, ₹11.7 Cr.

  • Largest holding

    Mahindra and Mahindra LimitedMahindra and Mahindra Limited is 5.0% of this scheme's NAV.

  • Fund manager

    Jitendra TolaniRuns it since 26 Aug 2025, as the fund house dates it.

Overview(8 Oct 2026)

Fund managers1

  1. Jitendra TolaniFund manager · Aug 2025 · 20y · MBA

    Key facts

    Benchmark
    Nifty India Manufacturing TRI.
    Risk
    Very High
    Expense
    Regular 0% · Direct 0.28%
    Exit load
    Nil
    Started
    26 Aug 2025
    Minimum
    ₹1,000

    Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

    What changed(3 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctDirect 0.29% → 0.28%

    Aug 2026

    1 change
    1. Expense ratio
      23 AugDirect 0.31% → 0.29%

    Jul 2026

    1 change
    1. Expense ratio
      9 JulDirect 0.25% → 0.31%

    Source.Its filings at NSE, since Sept 2025.

    Fund managers over time(Aug 2025 – now)

    1. Jitendra Tolani
    MainCoSlice2026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2025 – Oct 2026)

    Every change to the expense ratio, newest first.
    4 changesRegularDirectΔ pt
    8 Oct 20260.00%0.28%0.01
    23 Aug 20260.00%0.29%0.02
    9 Jul 20260.00%0.31%0.06
    10 Sept 20250.00%0.25%–
    Direct plan, 8 Oct 2026
    0.28%
    Regular plan 0.00% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(8 Oct 2026)

    Objective

    The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty India Manufacturing Index before expenses, subject to tracking errors. However, there is no assurance that the investment objectiveof the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended scheme replicating/ tracking Nifty India Manufacturing Index
    Benchmark
    Nifty India Manufacturing TRI.

    Asset allocation it may hold% of NAV

    1. Securities covered by the Nifty India Manufacturing index
      Allowed95–100%
    2. Money Market Instruments
      Allowed0–5%Holds0.2%

    Holds in Sept 2026.99.8% equity · 0.2% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹1,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1

    Selling and switching

    Switch minimum
    ₹1,000
    Switch multiples
    ₹1

    Scheme details(8 Oct 2026)

    What it is

    Category
    Others - Other ETFs
    Offer
    6 Aug 2025 to 20 Aug 2025
    Started
    26 Aug 2025
    Reopened
    29 Aug 2025
    Face value
    Rs.10/- per unit
    Listed
    NSE,BSE

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank A.G.
    Auditor
    Walker Chandiok & Co LLP
    Registrar
    KFin Technologies Limited
    SEBI code
    NIMF/O/O/EET/25/03/0165