Nippon India Nifty India Manufacturing Index Fund vs UTI Nifty India Manufacturing Index Fund
Nippon India Nifty India Manufacturing Index Fund and UTI Nifty India Manufacturing Index Fund are both Nifty India Manufacturing Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility 18.23% vs 16.77%, maximum drawdown −12.85% vs −12.90%. Their portfolios overlap by 100% (77 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Compared as | Nifty India Manufacturing Index Funds & ETFs | Nifty India Manufacturing Index Funds & ETFs |
| NAV | ₹11.0430 | ₹12.2977 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 28 Aug 2025 | 18 Feb 2025 |
| Track record | 1.2 yrs | 1.7 yrs |
| Fund size (AUM) | ₹41 Cr | — |
| Securities held | 77 | 77 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| 1 month | +2.47% | +2.44% |
| 3 months | −4.67% | −4.74% |
| 6 months | −1.49% | −1.60% |
| 1 year | +4.41% | +4.03% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +9.36% | +14.36% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| 2026 (year to date) | +3.14% | +2.84% |
Risk
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.23% | 16.77% |
| Downside volatility ⓘ | 12.92% | 11.17% |
| Sharpe ratio ⓘ | 0.16 | 0.47 |
| Sortino ratio ⓘ | 0.22 | 0.70 |
| Maximum drawdown ⓘ | −12.85% | −12.90% |
| Recovery from that fall | — | — |
| Current fall from peak | −5.15% | −5.22% |
| Rolling 1-year return: worst | −3.64% | −3.99% |
| Rolling 1-year return: median | +3.60% | +11.66% |
| Rolling 1-year return: best | +16.99% | +28.78% |
| Share of 1-year periods with a loss | 17.02% | 6.21% |
Against each fund's benchmark
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Beta ⓘ | 1.02 | 1.01 |
| Alpha (Jensen's, annualised) ⓘ | +9.14% | +9.09% |
| R² ⓘ | 84.56 | 86.03 |
| Upside capture | 130.08% | 124.34% |
| Downside capture | 81.14% | 76.71% |
| Tracking error | 7.16% | 6.28% |
| Information ratio | 1.21 | 1.52 |
| Treynor ratio | -2.06 | 6.86 |
Portfolio
Asset mix
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Equity | 99.98% | 99.97% |
| Cash & equivalents | 0.02% | 0.06% |
Market-cap split (share of fund assets)
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Large Cap | 69.18% | 69.19% |
| Mid Cap | 27.62% | 27.61% |
| Small Cap | 3.18% | 3.17% |
| Unclassified | 0.00% | 0.00% |
Concentration
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Top 10 holdings | 37.08% | 37.08% |
| Effective number of stocks ⓘ | 44.9 | 44.9 |
| Securities held | 77 | 77 |
Portfolio overlap: 100%
77 companies are held by both funds; by weight, 100% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index |
|---|---|---|
| Mahindra & Mahindra Limited | 4.99% | 4.99% |
| Reliance Industries Limited | 4.97% | 4.97% |
| Sun Pharmaceutical Industries Limited | 4.60% | 4.60% |
| Maruti Suzuki India Limited | 3.72% | 3.72% |
| Tata Steel Ltd. | 3.66% | 3.66% |
| Bharat Electronics Limited | 3.33% | 3.33% |
| Hindalco Industries Limited | 3.26% | 3.26% |
| JSW Steel Limited | 2.89% | 2.89% |
| Bajaj Auto Limited | 2.84% | 2.84% |
| Divi's Laboratories Limited | 2.82% | 2.82% |
| Eicher Motors Ltd. | 2.36% | 2.36% |
| TVS Motor Company Ltd. | 2.31% | 2.31% |
| Hindustan Aeronautics Limited | 2.12% | 2.12% |
| Tata Motors Ltd | 2.11% | 2.11% |
| Laurus Labs Limited | 1.84% | 1.84% |
Top 10 holdings
Nippon India Nifty India Manufacturing Index
- Mahindra & Mahindra Limited4.99%
- Reliance Industries Limited4.97%
- Sun Pharmaceutical Industries Limited4.60%
- Maruti Suzuki India Limited3.72%
- Tata Steel Ltd.3.66%
- Bharat Electronics Limited3.33%
- Hindalco Industries Limited3.26%
- JSW Steel Limited2.89%
- Bajaj Auto Limited2.84%
- Divi's Laboratories Limited2.82%
UTI Nifty India Manufacturing Index
- Mahindra & Mahindra Limited4.99%
- Reliance Industries Limited4.97%
- Sun Pharmaceutical Industries Limited4.60%
- Maruti Suzuki India Limited3.72%
- Tata Steel Ltd.3.66%
- Bharat Electronics Limited3.33%
- Hindalco Industries Limited3.26%
- JSW Steel Limited2.89%
- Bajaj Auto Limited2.84%
- Divi's Laboratories Limited2.82%
Sector exposure
| Nippon India Nifty India Manufacturing Index | UTI Nifty India Manufacturing Index | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.51% | 18.50% |
| Automobiles | 18.33% | 18.33% |
| Petroleum Products | 7.64% | 7.64% |
| Ferrous Metals | 7.56% | 7.56% |
| Electrical Equipment | 7.04% | 7.04% |
| Auto Components | 7.01% | 7.02% |
| Industrial Products | 6.32% | 6.32% |
| Non - Ferrous Metals | 6.02% | 6.02% |
| Aerospace & Defense | 5.45% | 5.45% |
| Chemicals & Petrochemicals | 4.53% | 4.52% |
| Consumer Durables | 3.64% | 3.64% |
| Agricultural, Commercial & Construction Vehicles | 3.39% | 3.39% |
| Fertilizers & Agrochemicals | 1.67% | 1.67% |
| Diversified Metals | 1.09% | 1.09% |
Questions people ask
What is the difference between Nippon India Nifty India Manufacturing Index and UTI Nifty India Manufacturing Index returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +4.41% vs +4.03%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Nippon India Nifty India Manufacturing Index and UTI Nifty India Manufacturing Index compare on risk?
Volatility (36 monthly returns, annualised) 18.23% vs 16.77%; Sharpe ratio 0.16 vs 0.47; Sortino ratio 0.22 vs 0.70; maximum drawdown −12.85% vs −12.90%; beta 1.02 vs 1.01.
How much do Nippon India Nifty India Manufacturing Index and UTI Nifty India Manufacturing Index overlap?
By weight, 100% of the two portfolios is invested in the same companies; 77 stocks are held by both, the largest shared positions being Mahindra & Mahindra Limited, Reliance Industries Limited, Sun Pharmaceutical Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Nippon India Nifty India Manufacturing Index and UTI Nifty India Manufacturing Index?
Nippon India Nifty India Manufacturing Index: large cap 69.2%, mid cap 27.6%, small cap 3.2%. UTI Nifty India Manufacturing Index: large cap 69.2%, mid cap 27.6%, small cap 3.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.