What stocks does Mirae Asset Nifty India Manufacturing ETF hold?

Mirae Asset Nifty India Manufacturing ETF holds a portfolio of Indian equity stocks disclosed monthly by Mirae Asset Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Mirae Asset Nifty India Manufacturing ETF?

Mirae Asset Nifty India Manufacturing ETF is managed by Mirae Asset Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Mirae Asset Nifty India Manufacturing ETF?

Mirae Asset Nifty India Manufacturing ETF is classified as a Index/ETF mutual fund under SEBI's mutual fund categorisation framework.

How often is Mirae Asset Nifty India Manufacturing ETF portfolio data updated?

Portfolio holdings for Mirae Asset Nifty India Manufacturing ETF are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Mirae Asset Mutual Fund

Mirae Asset Nifty India Manufacturing ETF

Index/ETF Data as of Sep 2026 Comparing Jul 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹251.71 Cr

Equity only, excl. debt & cash

Top 5 Weight

22.0%

Diversified

Top 10 Weight

37.1%

Diversified

Changes

4 new · 3 exits

Top Sector

Pharmaceuticals & Biotechnology

18.5% of portfolio

Launch Date

10 Jan 2022

4 years old

📋 What Happened This Month Mirae Asset Nifty India Manufacturing ETF made 4 new additions and exited 3 stocks this month. The biggest new buy was Vedanta Aluminium Metal Limited (Metals & Minerals Trading) at 1.68% weight. Bharat Heavy Electricals Limited was the biggest exit (Electrical Equipment), which was held at 1.39%. Among existing holdings, Divi's Laboratories Limited saw the biggest increase — now at 2.83% of the portfolio. Maruti Suzuki India Limited was trimmed the most, now at 3.73%. Mahindra & Mahindra Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 18.5%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Mirae Asset Nifty India Manufacturing ETF

-3.19%

-4.86%

-2.63%

+1.26%

Latest NAV

₹19.29

13 Oct 2026

52W High

₹21.26

-9% from High

52W Low

₹16.81

+15% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+11.8%

2024

+24.8%

2023

+33.8%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

22.1%

+ve in 90% windows

66.8% / -6.9%

3Y Rolling Avg

21.9% p.a.

+ve in 100% windows

27.8% / 14.9%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-23.0%

Rec: Feb 2026 (1yr 3mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-14.2%

Rec: Aug 2022 (3 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.71

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.99

Penalises downside volatility only.

Std Deviation (3Y)

15.9%

Lower = more consistent returns.

NAV Chart ₹19.29 13 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

Mirae Asset Nifty India Manufacturing ETF

Chart shows indexed performance (base = 100). Actual NAV: ₹19.29

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Automobiles	18.8%	20.1%	▲ +1.3%
Pharmaceuticals & Biotechnology	17.5%	17.9%	▲ +0.4%
Petroleum Products	7.9%	7.8%	● -0.1%
Electrical Equipment	8.7%	7.8%	▼ -0.9%
Ferrous Metals	7.5%	7.4%	● 0.0%
Auto Components	6.8%	6.9%	▲ +0.1%
Industrial Products	6.1%	5.8%	▼ -0.3%
Aerospace & Defense	5.6%	5.3%	▼ -0.2%
Chemicals & Petrochemicals	4.7%	4.5%	▼ -0.2%
Non - Ferrous Metals	4.4%	4.3%	● -0.1%

Jul 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	17.9%	18.5%	▲ +0.7%
Automobiles	20.1%	18.3%	▼ -1.7%
Petroleum Products	7.8%	7.6%	▼ -0.2%
Ferrous Metals	7.4%	7.6%	▲ +0.1%
Electrical Equipment	7.8%	7.1%	▼ -0.7%
Auto Components	6.9%	7.0%	▲ +0.1%
Industrial Products	5.8%	6.3%	▲ +0.6%
Aerospace & Defense	5.3%	5.5%	▲ +0.1%
Chemicals & Petrochemicals	4.5%	4.5%	● +0.0%
Non - Ferrous Metals	4.3%	4.4%	● +0.1%

🟢

Biggest New Buy

Vedanta Aluminium Metal Limited

1.68% weight · Metals & Minerals Trading

🔴

Biggest Exit

Bharat Heavy Electricals Limited

1.39% was held · Electrical Equipment

↑

Biggest Add

Divi's Laboratories Limited

+0.43% · now 2.83%

↓

Biggest Trim

Maruti Suzuki India Limited

-0.63% · now 3.73%

🤝 Other funds also bought this month

Vedanta Aluminium Metal Limited 102 funds

Hitachi Energy India Limited 70 funds

Welspun Corp Limited 32 funds

Amber Enterprises India Limited 30 funds

👋 Other funds also exited

Honeywell Automation India Limited 43 funds

Bharat Heavy Electricals Limited 36 funds

Castrol India Limited 17 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Sep 2026

Jul 2026 → Sep 2026

🟢 4 New Entries 🔴 3 Exits ↑ 28 Increased ↓ 45 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Vedanta Aluminium Metal Limited ₹4.22 Cr	Metals & Minerals Trading	1.68%
2	Hitachi Energy India Limited ₹2.35 Cr	Electrical Equipment	0.93%
3	Welspun Corp Limited ₹2.14 Cr	Industrial Products	0.85%
4	Amber Enterprises India Limited ₹87.81 L	Consumer Durables	0.35%

#	Stock	Sector	Last Weight (Jul 2026)
1	Bharat Heavy Electricals Limited ₹3.61 Cr	Electrical Equipment	1.39%
2	Castrol India Limited ₹53.85 L	Petroleum Products	0.21%
3	Honeywell Automation India Limited ₹50.75 L	Industrial Manufacturing	0.20%

#	Stock	Sector	Jul 2026	Sep 2026	Change
1	Divi's Laboratories Limited ₹7.11 Cr	Pharmaceuticals & Biotechnology	2.40%	2.83%	+0.43%
2	Torrent Pharmaceuticals Limited ₹4.26 Cr	Pharmaceuticals & Biotechnology	1.26%	1.69%	+0.43%
3	Laurus Labs Limited ₹4.65 Cr	Pharmaceuticals & Biotechnology	1.66%	1.85%	+0.19%
4	Samvardhana Motherson International Limited ₹4.34 Cr	Auto Components	1.56%	1.73%	+0.17%
5	APL Apollo Tubes Limited ₹2.40 Cr	Industrial Products	0.78%	0.95%	+0.17%
6	Dr. Reddy's Laboratories Limited ₹4.53 Cr	Pharmaceuticals & Biotechnology	1.64%	1.80%	+0.16%
7	Bosch Limited ₹2.46 Cr	Auto Components	0.84%	0.98%	+0.14%
8	Reliance Industries Limited ₹12.51 Cr	Petroleum Products	4.84%	4.97%	+0.13%
9	JSW Steel Limited ₹7.27 Cr	Ferrous Metals	2.79%	2.89%	+0.10%
10	Solar Industries India Limited ₹2.89 Cr	Chemicals & Petrochemicals	1.05%	1.15%	+0.10%
11	Aurobindo Pharma Limited ₹2.78 Cr	Pharmaceuticals & Biotechnology	1.03%	1.11%	+0.08%
12	Sona BLW Precision Forgings Limited ₹2.25 Cr	Auto Components	0.81%	0.89%	+0.08%
13	Navin Fluorine International Limited ₹1.83 Cr	Chemicals & Petrochemicals	0.65%	0.73%	+0.08%
14	Bharat Electronics Limited ₹8.38 Cr	Aerospace & Defense	3.26%	3.33%	+0.07%
15	Hindustan Copper Limited ₹1.10 Cr	Non - Ferrous Metals	0.38%	0.44%	+0.06%
16	Hindustan Aeronautics Limited ₹5.33 Cr	Aerospace & Defense	2.07%	2.12%	+0.05%
17	Jindal Steel Limited ₹2.54 Cr	Ferrous Metals	0.96%	1.01%	+0.05%
18	Anthem Biosciences Limited ₹55.81 L	Pharmaceuticals & Biotechnology	0.17%	0.22%	+0.05%
19	Vedanta Limited ₹2.75 Cr	Diversified Metals	1.05%	1.09%	+0.04%
20	Hindustan Zinc Limited ₹1.64 Cr	Non - Ferrous Metals	0.61%	0.65%	+0.04%
21	Zydus Lifesciences Limited ₹1.73 Cr	Pharmaceuticals & Biotechnology	0.66%	0.69%	+0.03%
22	Cochin Shipyard Limited ₹76.61 L	Industrial Manufacturing	0.28%	0.30%	+0.02%
23	K.P.R. Mill Limited ₹73.91 L	Textiles & Apparels	0.27%	0.29%	+0.02%
24	CG Power and Industrial Solutions Limited ₹3.53 Cr	Electrical Equipment	1.39%	1.40%	+0.01%
25	Siemens Limited ₹1.98 Cr	Electrical Equipment	0.78%	0.79%	+0.01%
26	Supreme Industries Limited ₹1.34 Cr	Industrial Products	0.52%	0.53%	+0.01%
27	Siemens Energy India Limited ₹1.70 Cr	Electrical Equipment	0.67%	0.68%	+0.01%
28	UNO Minda Limited ₹1.28 Cr	Auto Components	0.50%	0.51%	+0.01%

#	Stock	Sector	Jul 2026	Sep 2026	Change
1	Maruti Suzuki India Limited ₹9.37 Cr	Automobiles	4.36%	3.73%	-0.63%
2	Mahindra & Mahindra Limited ₹12.56 Cr	Automobiles	5.39%	4.99%	-0.40%
3	Sun Pharmaceutical Industries Limited ₹11.59 Cr	Pharmaceuticals & Biotechnology	4.94%	4.61%	-0.33%
4	Tata Motors Passenger Vehicles Limited ₹3.57 Cr	Automobiles	1.67%	1.42%	-0.25%
5	Suzlon Energy Limited ₹2.89 Cr	Electrical Equipment	1.37%	1.15%	-0.22%
6	Cummins India Limited ₹3.87 Cr	Industrial Products	1.75%	1.54%	-0.21%
7	Lupin Limited ₹2.97 Cr	Pharmaceuticals & Biotechnology	1.38%	1.18%	-0.20%
8	Eicher Motors Limited ₹5.94 Cr	Automobiles	2.53%	2.36%	-0.17%
9	Bajaj Auto Limited ₹7.15 Cr	Automobiles	2.99%	2.84%	-0.15%
10	Havells India Limited ₹1.54 Cr	Consumer Durables	0.75%	0.61%	-0.14%
11	Cipla Limited ₹4.56 Cr	Pharmaceuticals & Biotechnology	1.94%	1.81%	-0.13%
12	Voltas Limited ₹1.47 Cr	Consumer Durables	0.71%	0.58%	-0.13%
13	Polycab India Limited ₹2.58 Cr	Industrial Products	1.14%	1.03%	-0.11%
14	Bharat Forge Limited ₹3.22 Cr	Auto Components	1.38%	1.28%	-0.10%
15	Pidilite Industries Limited ₹2.74 Cr	Chemicals & Petrochemicals	1.17%	1.09%	-0.08%
16	Coromandel International Limited ₹1.27 Cr	Fertilizers & Agrochemicals	0.58%	0.50%	-0.08%
17	Tube Investments of India Limited ₹1.53 Cr	Auto Components	0.69%	0.61%	-0.08%
18	TVS Motor Company Limited ₹5.81 Cr	Automobiles	2.38%	2.31%	-0.07%
19	UPL Limited ₹1.82 Cr	Fertilizers & Agrochemicals	0.79%	0.72%	-0.07%
20	PI Industries Limited ₹1.13 Cr	Fertilizers & Agrochemicals	0.52%	0.45%	-0.07%
21	Crompton Greaves Consumer Electricals Limited ₹80.88 L	Consumer Durables	0.39%	0.32%	-0.07%
22	Bharat Petroleum Corporation Limited ₹3.67 Cr	Petroleum Products	1.52%	1.46%	-0.06%
23	Ashok Leyland Limited ₹2.66 Cr	Agricultural, Commercial & Construction Vehicles	1.12%	1.06%	-0.06%
24	Dixon Technologies (India) Limited ₹3.29 Cr	Consumer Durables	1.37%	1.31%	-0.06%
25	KEI Industries Limited ₹1.66 Cr	Industrial Products	0.72%	0.66%	-0.06%
26	Balkrishna Industries Limited ₹1.02 Cr	Auto Components	0.47%	0.41%	-0.06%
27	AIA Engineering Limited ₹90.46 L	Industrial Products	0.42%	0.36%	-0.06%
28	Hindalco Industries Limited ₹8.21 Cr	Non - Ferrous Metals	3.31%	3.26%	-0.05%
29	ABB India Limited ₹2.14 Cr	Electrical Equipment	0.90%	0.85%	-0.05%
30	Page Industries Limited ₹1.38 Cr	Textiles & Apparels	0.60%	0.55%	-0.05%
31	Alkem Laboratories Limited ₹1.88 Cr	Pharmaceuticals & Biotechnology	0.79%	0.75%	-0.04%
32	Hyundai Motor India Ltd ₹1.74 Cr	Automobiles	0.73%	0.69%	-0.04%
33	Blue Star Limited ₹1.19 Cr	Consumer Durables	0.51%	0.47%	-0.04%
34	Mazagon Dock Shipbuilders Limited ₹96.69 L	Industrial Manufacturing	0.42%	0.38%	-0.04%
35	SRF Limited ₹2.16 Cr	Chemicals & Petrochemicals	0.89%	0.86%	-0.03%
36	Himadri Speciality Chemical Limited ₹96.15 L	Chemicals & Petrochemicals	0.41%	0.38%	-0.03%
37	Tata Motors Ltd ₹5.31 Cr	Agricultural, Commercial & Construction Vehicles	2.14%	2.11%	-0.03%
38	Tata Steel Limited ₹9.21 Cr	Ferrous Metals	3.68%	3.66%	-0.02%
39	Indian Oil Corporation Limited ₹3.04 Cr	Petroleum Products	1.23%	1.21%	-0.02%
40	MRF Limited ₹1.53 Cr	Auto Components	0.63%	0.61%	-0.02%
41	Astral Limited ₹1.01 Cr	Industrial Products	0.42%	0.40%	-0.02%
42	Escorts Kubota Limited ₹54.36 L	Agricultural, Commercial & Construction Vehicles	0.24%	0.22%	-0.02%
43	Kaynes Technology India Limited ₹65.96 L	Industrial Manufacturing	0.28%	0.26%	-0.02%
44	GE Vernova T&D India Limited ₹3.14 Cr	Electrical Equipment	1.26%	1.25%	-0.01%
45	Linde India Limited ₹80.18 L	Chemicals & Petrochemicals	0.33%	0.32%	-0.01%

What Stocks Does This Fund Hold?

77 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Mahindra & Mahindra Limited ₹12.56 Cr	Automobiles	4.99%
2	Reliance Industries Limited ₹12.51 Cr	Petroleum Products	4.97%
3	Sun Pharmaceutical Industries Limited ₹11.59 Cr	Pharmaceuticals & Biotechnology	4.61%
4	Maruti Suzuki India Limited ₹9.37 Cr	Automobiles	3.73%
5	Tata Steel Limited ₹9.21 Cr	Ferrous Metals	3.66%
6	Bharat Electronics Limited ₹8.38 Cr	Aerospace & Defense	3.33%
7	Hindalco Industries Limited ₹8.21 Cr	Non - Ferrous Metals	3.26%
8	JSW Steel Limited ₹7.27 Cr	Ferrous Metals	2.89%
9	Bajaj Auto Limited ₹7.15 Cr	Automobiles	2.84%
10	Divi's Laboratories Limited ₹7.11 Cr	Pharmaceuticals & Biotechnology	2.83%
11	Eicher Motors Limited ₹5.94 Cr	Automobiles	2.36%
12	TVS Motor Company Limited ₹5.81 Cr	Automobiles	2.31%
13	Hindustan Aeronautics Limited ₹5.33 Cr	Aerospace & Defense	2.12%
14	Tata Motors Ltd ₹5.31 Cr	Agricultural, Commercial & Construction Vehicles	2.11%
15	Laurus Labs Limited ₹4.65 Cr	Pharmaceuticals & Biotechnology	1.85%
16	Cipla Limited ₹4.56 Cr	Pharmaceuticals & Biotechnology	1.81%
17	Dr. Reddy's Laboratories Limited ₹4.53 Cr	Pharmaceuticals & Biotechnology	1.80%
18	Samvardhana Motherson International Limited ₹4.34 Cr	Auto Components	1.73%
19	Torrent Pharmaceuticals Limited ₹4.26 Cr	Pharmaceuticals & Biotechnology	1.69%
20	Vedanta Aluminium Metal Limited ₹4.22 Cr	Metals & Minerals Trading	1.68%
21	Cummins India Limited ₹3.87 Cr	Industrial Products	1.54%
22	Bharat Petroleum Corporation Limited ₹3.67 Cr	Petroleum Products	1.46%
23	Tata Motors Passenger Vehicles Limited ₹3.57 Cr	Automobiles	1.42%
24	CG Power and Industrial Solutions Limited ₹3.53 Cr	Electrical Equipment	1.40%
25	Dixon Technologies (India) Limited ₹3.29 Cr	Consumer Durables	1.31%
26	Bharat Forge Limited ₹3.22 Cr	Auto Components	1.28%
27	GE Vernova T&D India Limited ₹3.14 Cr	Electrical Equipment	1.25%
28	Indian Oil Corporation Limited ₹3.04 Cr	Petroleum Products	1.21%
29	Lupin Limited ₹2.97 Cr	Pharmaceuticals & Biotechnology	1.18%
30	Suzlon Energy Limited ₹2.89 Cr	Electrical Equipment	1.15%
31	Solar Industries India Limited ₹2.89 Cr	Chemicals & Petrochemicals	1.15%
32	Aurobindo Pharma Limited ₹2.78 Cr	Pharmaceuticals & Biotechnology	1.11%
33	Pidilite Industries Limited ₹2.74 Cr	Chemicals & Petrochemicals	1.09%
34	Vedanta Limited ₹2.75 Cr	Diversified Metals	1.09%
35	Ashok Leyland Limited ₹2.66 Cr	Agricultural, Commercial & Construction Vehicles	1.06%
36	Polycab India Limited ₹2.58 Cr	Industrial Products	1.03%
37	Jindal Steel Limited ₹2.54 Cr	Ferrous Metals	1.01%
38	Bosch Limited ₹2.46 Cr	Auto Components	0.98%
39	APL Apollo Tubes Limited ₹2.40 Cr	Industrial Products	0.95%
40	Hitachi Energy India Limited ₹2.35 Cr	Electrical Equipment	0.93%
41	Sona BLW Precision Forgings Limited ₹2.25 Cr	Auto Components	0.89%
42	SRF Limited ₹2.16 Cr	Chemicals & Petrochemicals	0.86%
43	Welspun Corp Limited ₹2.14 Cr	Industrial Products	0.85%
44	ABB India Limited ₹2.14 Cr	Electrical Equipment	0.85%
45	Siemens Limited ₹1.98 Cr	Electrical Equipment	0.79%
46	Alkem Laboratories Limited ₹1.88 Cr	Pharmaceuticals & Biotechnology	0.75%
47	Navin Fluorine International Limited ₹1.83 Cr	Chemicals & Petrochemicals	0.73%
48	UPL Limited ₹1.82 Cr	Fertilizers & Agrochemicals	0.72%
49	Zydus Lifesciences Limited ₹1.73 Cr	Pharmaceuticals & Biotechnology	0.69%
50	Hyundai Motor India Ltd ₹1.74 Cr	Automobiles	0.69%
51	Siemens Energy India Limited ₹1.70 Cr	Electrical Equipment	0.68%
52	KEI Industries Limited ₹1.66 Cr	Industrial Products	0.66%
53	Hindustan Zinc Limited ₹1.64 Cr	Non - Ferrous Metals	0.65%
54	MRF Limited ₹1.53 Cr	Auto Components	0.61%
55	Tube Investments of India Limited ₹1.53 Cr	Auto Components	0.61%
56	Havells India Limited ₹1.54 Cr	Consumer Durables	0.61%
57	Voltas Limited ₹1.47 Cr	Consumer Durables	0.58%
58	Page Industries Limited ₹1.38 Cr	Textiles & Apparels	0.55%
59	Supreme Industries Limited ₹1.34 Cr	Industrial Products	0.53%
60	UNO Minda Limited ₹1.28 Cr	Auto Components	0.51%
61	Coromandel International Limited ₹1.27 Cr	Fertilizers & Agrochemicals	0.50%
62	Blue Star Limited ₹1.19 Cr	Consumer Durables	0.47%
63	PI Industries Limited ₹1.13 Cr	Fertilizers & Agrochemicals	0.45%
64	Hindustan Copper Limited ₹1.10 Cr	Non - Ferrous Metals	0.44%
65	Balkrishna Industries Limited ₹1.02 Cr	Auto Components	0.41%
66	Astral Limited ₹1.01 Cr	Industrial Products	0.40%
67	Himadri Speciality Chemical Limited ₹96.15 L	Chemicals & Petrochemicals	0.38%
68	Mazagon Dock Shipbuilders Limited ₹96.69 L	Industrial Manufacturing	0.38%
69	AIA Engineering Limited ₹90.46 L	Industrial Products	0.36%
70	Amber Enterprises India Limited ₹87.81 L	Consumer Durables	0.35%
71	Linde India Limited ₹80.18 L	Chemicals & Petrochemicals	0.32%
72	Crompton Greaves Consumer Electricals Limited ₹80.88 L	Consumer Durables	0.32%
73	Cochin Shipyard Limited ₹76.61 L	Industrial Manufacturing	0.30%
74	K.P.R. Mill Limited ₹73.91 L	Textiles & Apparels	0.29%
75	Kaynes Technology India Limited ₹65.96 L	Industrial Manufacturing	0.26%
76	Anthem Biosciences Limited ₹55.81 L	Pharmaceuticals & Biotechnology	0.22%
77	Escorts Kubota Limited ₹54.36 L	Agricultural, Commercial & Construction Vehicles	0.22%