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Disclaimer: # The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. All plans listed here are of insurance companies’ funds.

NIFTY India Manufacturing Index

NIFTY India Manufacturing is a stock market index that tracks the performance of leading Indian manufacturing companies. It offers investors a way to measure the overall health and growth of the country's manufacturing sector.

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What is the NIFTY India Manufacturing Index?

NIFTY India Manufacturing is a stock market index that tracks the performance of leading manufacturing companies listed on the National Stock Exchange (NSE) in India. The index aims to cover approximately 75% of the free float market capitalization of eligible stocks within each basic industry.

Key characteristics:

Focus on manufacturing: Specifically designed to represent the manufacturing industry in India.
Diversification: Includes companies from various manufacturing sub-sectors.
Free-float market cap weighting: The weight of each company in the index is based on its free-float market capitalization.
Rebalancing: The index is rebalanced twice a year to ensure it accurately reflects the manufacturing sector.

Information About NIFTY India Manufacturing Index

Particulars	Details
Launch Date	August 16, 2021
No. of Constituents	75
Base Date	1 April 2005
Base Value	1000
Calculation Frequency	Real-Time
Methodology	Periodic Capped Free Float MCap
Index Rebalancing	Semi-Annually

[Source: nseindia.com] The above-mentioned returns are total returns. Data updated as of July 26, 2024.

Performance of NIFTY India Manufacturing Index

Index Returns (%)	QTD	YTD	1 year	5 years	Since Inception
Price Returns	19.46	32.47	58.86	25.31	14.95
Total Returns	19.56	32.74	59.96	26.79	16.48

#QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns

Which are the Constituent Stocks of the NIFTY India Manufacturing Index?

Company’s Name	Weightage (%)
Reliance Industries Ltd.	5.36
Mahindra & Mahindra Ltd.	4.91
Tata Motors Ltd.	4.88
Sun Pharmaceutical Industries Ltd.	4.59
Maruti Suzuki India Ltd.	4.44
Tata Steel Ltd.	4.01
Bajaj Auto Ltd.	2.97
Hindalco Industries Ltd.	2.83
Bharat Electronics Ltd.	2.83
Hindustan Aeronautics Ltd.	2.85

[Source: nseindia.com] Data updated as of July 26, 2024.

What are the Sectors Included in the NIFTY India Manufacturing Index?

Top Sectors	Weightage (%)
Automobile and Auto Components	31.12
Capital Goods	19.78
Healthcare	14.10
Metals & Mining	12.67
Oil, Gas & Consumable Fuels	9.00
Chemicals	7.00
Consumer Durables	4.81
Textiles	0.89
Forest Materials	0.34
Telecommunication	0.30

[Source: nseindia.com] Data updated as of July 26, 2024.

NIFTY India Manufacturing Index Fundamentals

P/E*	P/B**	Dividend Yield
30.87	5.15	0.92

*P/E: Price-to-Earnings Ratio **P/B: Price-to-Book Ratio Data updated as of July 26, 2024.

NIFTY India Manufacturing Index Methodology

Base Date and Value: The index has a base date of April 01, 2005, with a base value of 1000.
Eligibility Criteria:
- Stocks from the combined universe of Nifty 100, Nifty Midcap 150, and Nifty Smallcap 50 at the time of review are eligible for inclusion.
- Stocks from the eligible basic industry based on AMFI classification are considered for inclusion from the universe at the time of review.
Coverage: The index aims to provide approximately 75% coverage of the Free Float Market Cap of eligible stocks within each eligible basic industry of the combined universe.
Weighting: The weight of each stock in the index is determined by its free-float market capitalization. There is a maximum stock cap of 5%. Certain manufacturing sectors are ensured a minimum weight of 20%.
Number of Constituents: The number of constituents in the index is variable.
Re-Balancing: The index is re-balanced on a semi-annual basis in March and September.
Index Governance: A professional team manages all NSE indices. The governance structure includes the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee.

How to Invest in the NIFTY India Manufacturing Index Through Policybazaar?

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Step 5: Select "Invest Now" and follow the prompts displayed on the screen to finalise your purchase.

Step 6: Provide the required KYC details and complete the payment procedure.

Step 7: Upon successful payment, you will receive confirmation of your purchase.

FAQs

How does NIFTY India Manufacturing work?

The index includes a selection of companies from the manufacturing sector, weighted based on their free-float market capitalization. This means larger companies with more shares available for trading have a greater influence on the index's performance.
Why is NIFTY India Manufacturing important?
- Investment Benchmark: It serves as a benchmark for mutual funds, ETFs, and other investment products focused on Indian manufacturing.
- Sector Performance Indicator: It reflects the overall performance of the Indian manufacturing sector.
- Investment Opportunity: Investors can gain exposure to the growth potential of the Indian manufacturing sector by investing in funds or ETFs tracking this index.
What factors influence NIFTY India Manufacturing?
The performance of NIFTY India Manufacturing is influenced by various factors, including:
- Overall economic growth in India
- Government policies related to manufacturing
- Global economic conditions
- Performance of individual manufacturing companies
How often is NIFTY India Manufacturing rebalanced?

The index is typically rebalanced on a semi-annual basis to ensure it continues to accurately represent the manufacturing sector.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*Past 10 Year annualised returns as on 01-01-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).