List of Best Manufacturing ETFs in India 2026
Manufacturing ETFs in India aim to capture exposure to companies tied to the nation’s industrial expansion and production ecosystem. India’s manufacturing sector contributes around 17 % of GDP, reflecting its role as a core economic pillar. ([turn0search14]) Government policies such as the Production-Linked Incentive (PLI) schemes have attracted significant investment, with ₹1.76 lakh cr committed across 14 sectors by March 2025.
Top Manufacturing ETFs in 2026
Manufacturing ETF Stock Screener
Manufacturing ETF Stock Screener: Analyse & Filter Indian Stocks on Tickertape
Created by
@tickertapetickertapeShowing 1 - 3 of 3 results
last updated at 6:30 AM IST
| NameStocks (3)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Mirae Asset Nifty India Manufacturing ETFMAKEINDIA | EquityEquity | 72.2672.26 | 157.26157.26 | -- | 0.760.76 | -0.99-0.99 | 8.978.97 | 16.1716.17 | -- | -- | -- | -- | -- | 1.311.31 | |
| 2. | Nippon India Nifty India Manufacturing ETFMANUFGBEES | EquityEquity | 9.369.36 | 155.31155.31 | -- | 1.011.01 | 0.370.37 | 8.948.94 | 8.948.94 | -- | -- | -- | -- | -- | 1.051.05 | |
| 3. | Motilal Oswal Nifty India Manufacturing ETFMOMGF | EquityEquity | 5.805.80 | 154.79154.79 | -- | 0.830.83 | -0.39-0.39 | 9.089.08 | 9.739.73 | -- | -- | -- | -- | -- | 2.742.74 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Based on publicly available information | Sorted by market capitalisation from highest to lowest.
Selection criteria: Based on publicly available information | Sorted by market capitalisation from highest to lowest.
Overview of Top Manufacturing ETFs in India
Mirae Asset Nifty India Manufacturing ETF
The Mirae Asset Manufacturing ETF tracks the Nifty India Manufacturing Index, providing exposure to companies engaged in manufacturing activities across sectors. The fund follows a passive investment strategy, replicating the Nifty manufacturing index composition to mirror the performance of India's manufacturing sector through a diversified portfolio of constituent stocks.
Nippon India Nifty India Manufacturing ETF
Nippon India Nifty India Manufacturing ETF is designed to track the Nifty Manufacturing Index. The fund invests in stocks of companies involved in manufacturing across various industries, following a passive replication approach. It offers investors exposure to the manufacturing theme through a single exchange-traded instrument.
Motilal Oswal Nifty India Manufacturing ETF
Motilal Oswal Nifty India Manufacturing ETF tracks the Nifty Manufacturing Index, investing in companies engaged in manufacturing activities. The ETF employs a passive investment strategy to replicate the Nifty Manufacturing Index performance and trades on stock exchanges, allowing investors to gain exposure to India's manufacturing sector through constituent stocks.
What are Manufacturing ETFs?
Manufacturing ETFs are exchange-traded funds that track indices composed of companies involved in India’s industrial and production ecosystem. These indices typically include firms from sectors such as capital goods, electrical equipment, engineering, auto components, textiles, chemicals and industrial machinery. A Manufacturing ETF replicates its underlying index by holding the same set of stocks in similar proportions, providing a rule-based view of how the manufacturing segment performs as domestic production, capacity expansion and policy-led initiatives shape the sector.
How to Invest in Manufacturing ETFs?
Here's how you can invest in Manufacturing ETFs using Tickertape -
- Create an account on the Tickertape or log in if you already have one.
- Open Tickertape Stock Screener
- Filter Manufacturing ETFs screener based on various parameters such as market cap, close price, past returns and more. You can review this data to evaluate each ETF’s performance trends and determine whether they align with your investment thesis.
- Once you’ve decided on an ETF, you can place a buy order through your brokerage account linked to Tickertape.
You can also stay updated on alerts and announcements for your favourite stocks with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!
Features of Manufacturing ETFs in India
Sector-Specific Tracking
Manufacturing ETFs track indices that zero in on companies doing actual manufacturing work across India. You'll find businesses from all sorts of manufacturing sub-sectors in these indices—automobiles, pharmaceuticals, chemicals, engineering firms, and consumer goods makers all feature in the mix.
Passive Manufacturing Exposure
These ETFs copy the makeup of manufacturing-focused indices instead of actively picking stocks. The fund manager keeps the portfolio lined up with the Nifty Manufacturing Index constituents and their weightings. This gives you systematic exposure to the manufacturing theme without any active stock selection involved.
Exchange-Traded Instrument
You can buy and sell manufacturing ETF units on stock exchanges during market hours at prices that move in real-time. The trading works exactly like it does for stocks, so you've got the flexibility to jump in or out of positions any time during the trading day.
Diversified Manufacturing Portfolio
One manufacturing ETF unit gives you a stake in multiple companies spread across different manufacturing segments. The portfolio covers various industries within the manufacturing world—everything from heavy engineering plants to FMCG production facilities.
Thematic Investment Vehicle
Manufacturing ETFs offer a focused route into India's manufacturing growth story. They concentrate on companies that contribute to industrial production, build domestic manufacturing capabilities, and run export-oriented production operations.
Advantages of Investing in Manufacturing ETFs in India
Targeted Sector Exposure
Manufacturing ETFs let you put your money specifically into the manufacturing sector without having to buy individual company stocks. This approach works well when you want to back India's manufacturing growth but would rather not pick specific companies on your own.
Sectoral Diversification Within Manufacturing
While these ETFs concentrate on manufacturing, they still spread your money across different manufacturing sub-sectors. You get exposure to automobiles, pharmaceuticals, chemicals, capital goods, and other manufacturing segments—all through one instrument.
Alignment with Policy Initiatives
Manufacturing ETFs give you exposure to companies that stand to benefit from government initiatives like Make in India, Production Linked Incentive (PLI) schemes, and infrastructure development. The portfolio includes businesses positioned in sectors that are receiving policy support from the government.
Lower Cost Than Stock Picking
Instead of researching and buying multiple manufacturing stocks one by one, you get diversified manufacturing exposure through a single ETF. This saves you research time and cuts down on the transaction costs you'd rack up building a manufacturing-focused portfolio yourself.
Transparency of Holdings
Fund houses publish the complete list of manufacturing stocks the ETF holds every single day. You can see exactly which manufacturing companies you're invested in and track any changes in the portfolio composition as they happen.
Receive real-time market alerts for timely decisions
Monitor your portfolio from the palm of your hands
Watchlist stocks and mutual funds to stay updated
Risks of Investing in Manufacturing ETFs in India
Sector Concentration Risk
Manufacturing ETFs put your entire investment into one sector. If the manufacturing sector hits headwinds—whether from economic slowdowns, policy changes, or global competition—your whole ETF holding takes the hit.
Cyclical Nature of Manufacturing
Manufacturing businesses are highly cyclical and move up and down with economic cycles. When recessions hit or demand slows down, manufacturing output drops and company profits take a tumble, which directly affects ETF values.
Input Cost Volatility
Manufacturing companies face heavy exposure to raw material prices, energy costs, and commodity fluctuations. When input costs suddenly spike, margins get squeezed across the sector and the ETF reflects this pressure.
Global Competition and Trade Dynamics
Indian manufacturing companies face risks from global trade policies, tariffs, currency movements, and competition from other manufacturing hubs. Shifts in global dynamics can impact multiple ETF constituents at once.
Regulatory and Compliance Risks
Manufacturing operates under various environmental regulations, labour laws, and safety norms. Stricter enforcement or new rules increase operating costs across the sector and affect ETF performance.
Capital Intensive Nature
Manufacturing requires heavy investment in plants, machinery, and technology. When credit conditions tighten or downturns hit, capital-intensive businesses feel strain, influencing ETF behaviour.
Factors to Consider Before Investing in Manufacturing ETFs
Manufacturing Sector Outlook
The health of India’s manufacturing sector depends on economic activity, policy environment, global demand conditions, and capacity utilisation levels. These factors shape near-term ETF performance.
Index Composition and Methodology
Different manufacturing indices use different criteria to pick and weight companies. Some focus on pure-play manufacturers, while others include companies with diversified operations. The index structure determines exposure.
Sub-Sector Weightings
Manufacturing ETFs differ in how much they allocate to automobiles, pharma, chemicals, capital goods, or consumer durables. These weightings shape the risk-return characteristics.
Economic Cycle Stage
Manufacturing is closely linked to economic cycles. Whether the economy is in expansion, peak, contraction, or recovery impacts demand, utilisation, and pricing power for ETF constituents.
Government Policy Impact
PLI schemes, customs duty changes, infrastructure spending, and ease-of-doing-business reforms impact manufacturers differently. The ETF’s performance depends on how well its constituents benefit from current policies.
Taxation on Manufacturing ETFs
Manufacturing ETFs attract capital gains tax based on holding duration. Short-term and long-term gains are taxed differently.
| Holding Period | Tax Treatment |
|---|---|
| Short-Term (< 12 months ) | Gains taxed at a flat rate of 20% (increased from the previous 15%). |
| Long-Term (> 12 months) | Gains taxed at 12.5%. Exemption applies to the first ₹1.25 Lakh of long-term gains across all equity assets in a financial year. |
Conclusion
Manufacturing ETFs provide a clear view of how India’s industrial and production ecosystem is evolving, capturing trends linked to capacity expansion, policy support and sector-wide demand. Their rule-based structure makes it easier to track manufacturing-oriented companies as part of a broader market perspective. If you want to explore manufacturing-linked stocks or compare sector fundamentals in more depth, the Tickertape Stock Screener offers data-led filters to help you study these themes with clarity.
Popular Stock Collections
Popular Mutual Fund Collections
Frequently Asked Questions on Manufacturing ETFs
What is a manufacturing ETF?
A manufacturing ETF tracks the Nifty Manufacturing Index or similar manufacturing-focused indices. It invests in companies engaged in production across sectors like automobiles, pharma, chemicals, engineering, consumer goods, and more, giving concentrated exposure to India’s manufacturing sector.Which manufacturing ETF is the best?
As of 19th January 2026, leading Manufacturing ETFs by market cap include Mirae Asset Nifty India Manufacturing ETF, Nippon India Nifty India Manufacturing ETF, and Motilal Oswal Nifty India Manufacturing ETF.How do manufacturing ETFs differ from broad market ETFs?
Manufacturing ETFs invest exclusively in production-linked companies, whereas broad market ETFs include all sectors. This results in higher sector-specific risk but more targeted exposure to manufacturing-driven growth.Which manufacturing index do these ETFs typically track?
Most ETFs track the Nifty India Manufacturing Index, which selects companies based on manufacturing revenue contribution to ensure genuine production-based representation.What types of companies are included in manufacturing ETFs?
Manufacturing ETFs include companies from automobiles, pharmaceuticals, chemicals, capital goods, electronics, textiles, engineering, consumer durables, and other production-driven sectors.Who manages Manufacturing ETFs in India?
Manufacturing ETFs are offered by several AMCs, including Mirae Asset, Nippon India, and Motilal Oswal. Each AMC manages tracking, rebalancing, and operational activities for its ETF.How frequently do manufacturing ETF portfolios change?
Portfolio updates occur during index rebalancing—usually quarterly or semi-annually. Changes are based on manufacturing credentials, market cap, liquidity, or corporate actions.Can I claim a tax deduction on manufacturing ETF investments?
Manufacturing ETFs do not offer Section 80C tax deductions. They have no lock-in period and are taxed as equity products, benefiting from favourable equity capital gains tax rules.How to sell manufacturing ETFs?
Manufacturing ETFs can be sold via your demat account by placing a sell order on the stock exchange. The sale executes at prevailing prices and settles as per exchange timelines.
