Navi Nifty India Manufacturing Index Fund Direct Growth

Navi Nifty India Manufacturing Index Fund Direct Growth is an equity fund. This fund was started on 26 August, 2022. The fund is managed by Ashutosh Shirwaikar. The fund could potentially beat inflation in the long-run.

1. Navi Nifty India Manufacturing Index Fund Direct Growth has ₹63 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Navi Nifty India Manufacturing Index Fund Direct Growth has given a CAGR return of 20.97% since inception. Over the last 1 year the fund has given a CAGR return of -1.39%.

Navi Nifty India Manufacturing Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Basic Materials, Health, Energy, Tech. Its top holdings are Sun Pharmaceuticals Industries Ltd, Mahindra & Mahindra Ltd, Reliance Industries Ltd, Maruti Suzuki India Ltd, Tata Motors Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to achieve return equivalent to Nifty India ManufacturingIndex by investing in stocks of companies comprising Nifty India Manufacturing Index, subject to tracking error.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Navi Nifty India Manufacturing Index Fund Direct Growth has no lock in period.