| Launch date | 06 Aug 2025 |
| Allotment date | 26 Aug 2025 |
| End date | 20 Aug 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.25%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹1,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
Fund management
Himanshu MangeAug 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #4 in India |
|---|---|
| Total AUM | ₹7,09,781.92Cr |
| Date of Incorporation | 30 Jun 1995 |
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Nippon India Nifty India Manufacturing Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Himanshu Mange is the Current Fund Manager of Nippon India Nifty India Manufacturing Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,09,782 Cr and the Latest NAV as of 17 Dec 2025 is ₹10.50. The Nippon India Nifty India Manufacturing Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹1,000. ;
Investment Objective
The scheme seeks 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. ;
| Fund benchmark | Nifty India Manufacturing Total Return Index |
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