Which funds are similar to Navi Nifty India Manufacturing Index Fund Direct-Growth?
Funds similar to Navi Nifty India Manufacturing Index Fund Direct-Growth in the Equity: Thematic-Manufacturing category include HDFC Manufacturing Fund Direct-Growth, ICICI Prudential Manufacturing Fund Direct-Growth, and Axis India Manufacturing Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.
What is the rank of Navi Nifty India Manufacturing Index Fund Direct-Growth in its category?
On a 3-year return basis Navi Nifty India Manufacturing Index Fund Direct-Growth is ranked 4 out of 5 funds in the Equity: Thematic-Manufacturing category as of 16 Jul 2026. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.
How does Navi Nifty India Manufacturing Index Fund Direct-Growth's expense ratio compare to similar funds?
Navi Nifty India Manufacturing Index Fund Direct-Growth has an expense ratio of 0.59%. The peers HDFC Manufacturing Fund Direct-Growth has an expense ratio of 0.91% and ICICI Prudential Manufacturing Fund Direct-Growth has 1.19%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.
How does Navi Nifty India Manufacturing Index Fund Direct-Growth's AUM compare to similar funds?
Navi Nifty India Manufacturing Index Fund Direct-Growth has an AUM of ₹78.36 crore. The peers HDFC Manufacturing Fund Direct-Growth has an AUM of ₹10,328 crore and ICICI Prudential Manufacturing Fund Direct-Growth has ₹6,842.52 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.
Which fund has the best 3-year returns in the Equity: Thematic-Manufacturing?
The top performing fund in the Equity: Thematic-Manufacturing category on a 3-year basis is ICICI Prudential Manufacturing Fund Direct-Growth with a CAGR of 22.63% as of 16 Jul 2026. Navi Nifty India Manufacturing Index Fund Direct-Growth has delivered 19.64% CAGR over the same period, ranking 4 out of 5 funds. You can view and compare the full category ranking on sharpely.
How does Navi Nifty India Manufacturing Index Fund Direct-Growth rank in risk-adjusted returns vs peers?
On a risk-adjusted basis, Navi Nifty India Manufacturing Index Fund Direct-Growth has a Sharpe ratio of 0.84 compared to the Equity: Thematic-Manufacturing average of 0.86 as of 16 Jul 2026. It ranks 4 out of 5 funds in its category on Sharpe ratio.
