Nifty India Manufacturing Index

The Nifty India Manufacturing Index includes companies from the Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 Index from eligible basic industries per AMFI Industry Classification that broadly represent the manufacturing sector.

The largest sectors in the Nifty India Manufacturing Index are the Automobile, Industrial Manufacturing, Pharma and Metals sectors.

Total number of stocks in the index 79 and the index is reconstituted and rebalanced semi-annually.

Nifty India Manufacturing Index
source: mirae asset

Returns:

Since inception on April 01, 2005 till Nov 30, 2021, the Nifty India Manufacturing Index has returned 14.5% CAGR vs 14.9% CAGR of the Nifty 50 Index and 14.8% CAGR of the Nifty 500 Index.

Nifty India Manufacturing Index

Mirae Asset has launched an ETF and FOF for the above index. The NFO open from Jan 10-20.

Manufacturing Sector is expected to contribute more than $1 Trillion in achieving the $5 Trillion Economy goal. Investors who want to seek exposure to manufacturing segments of Indian Economy may consider this index. Nifty India Manufacturing Index to ensure adequate representation of the manufacturing theme and may benefit from emerging spaces like Electric Vehicles, Defense, Electronics etc.