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List of Best Thematic ETFs in India 2026

Equity ETFs in India crossed ₹7.3 lakh cr in AUM in 2025 (AMFI), and thematic ETFs form a growing share of this segment. These funds track indices built around themes such as consumption, manufacturing, and digital services, reflecting shifts in India’s economic structure. Their behaviour depends on index composition, sector weights, policy changes, and liquidity trends.

Top Thematic ETFs in 2026

Thematic ETF Stock Screener

Thematic ETF Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Showing 1 - 11 of 11 results

last updated at 9:45 PM IST 
NameStocks (11)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.CPSE ETFCPSEETFEquityEquity60,285.5160,285.5199.9199.91--1.941.944.744.7410.9010.9019.7219.72------0.000.00--1.441.44
2.Bharat 22 ETFICICIB22EquityEquity23,483.9123,483.91122.70122.70--1.431.432.382.3814.0714.0719.1319.13------0.000.00--1.201.20
3.Mirae Asset Nifty India Manufacturing ETFMAKEINDIAEquityEquity72.2672.26157.26157.26--0.760.76-0.99-0.998.978.9716.1716.17----------1.311.31
4.Nippon India ETF Nifty India ConsumptionCONSUMBEESEquityEquity32.6432.64130.80130.80--1.371.37-4.02-4.020.130.133.593.59------0.000.00--1.101.10
5.Nippon India ETF Nifty Infrastructure BeESINFRABEESEquityEquity32.4632.46984.51984.51--1.521.52-2.41-2.415.405.4014.9214.92------0.000.00--1.251.25
6.Tata Nifty India Digital Exchange Traded FundTNIDETFEquityEquity25.4525.4592.8492.84---2.15-2.15-7.23-7.232.042.04-1.31-1.31----------1.461.46
7.Motilal Oswal BSE Enhanced Value ETFMOVALUEEquityEquity16.3116.31121.95121.95--1.381.381.971.9720.9720.9732.0532.05----------1.411.41
8.ICICI Prudential Nifty Infrastructure ETFINFRAIETFEquityEquity11.5511.5598.1898.18--1.501.50-2.46-2.465.515.5115.5615.56----------1.181.18
9.ICICI Pru Nifty Commodities ETFCOMMOIETFEquityEquity9.209.20100.47100.47--1.621.621.101.1013.6813.6823.8523.85----------1.311.31
10.Mirae Asset Nifty Energy ETFENERGYEquityEquity7.697.6936.4436.44--2.242.24-0.11-0.110.580.580.580.58----------1.631.63
11.Mirae Asset Nifty 100 ESG Sector Leaders ETFESGEquityEquity--43.9143.91--0.020.02-2.31-2.313.813.8110.3510.35----------1.041.04

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.

Overview of Top Thematic ETFs in India

CPSE ETF

CPSE ETF tracks a basket of large central public-sector enterprises across energy, resources, and industrial segments. Its portfolio reflects government-owned companies with established operations, steady cash flows, and strategic roles in India’s economy. The ETF provides exposure to PSU performance linked to policy priorities, divestment plans, and sector-specific developments.

ICICI Pru Bharat 22 ETF

ICICI Pru Bharat 22 ETF follows the Bharat 22 Index, which includes select CPSEs, SUUTI holdings, and public-sector banks. Its diversified mix spans energy, engineering, finance, and defence-linked entities. The ETF reflects government reform measures, divestment plans, and broader shifts in PSU efficiency, profitability, and capital-market participation.

ICICI Pru Nifty Infrastructure ETF

ICICI Pru Nifty Infrastructure ETF tracks the Nifty Infrastructure Index, providing exposure to companies in power, telecom, transport, and utilities. It captures India’s ongoing capex cycle, rising project execution, and policy-backed investments. The ETF reflects infrastructure spending trends, sector order books, and long-term development priorities.

Mirae Asset Nifty India Mfg. ETF

Mirae Asset Nifty India Mfg. ETF tracks the Nifty India Manufacturing Index, covering companies across industrials, capital goods, chemicals, metals, and consumer manufacturing. It captures trends in factory output, capacity expansion, PLI-led investments, and India’s shift toward higher domestic production. The ETF reflects the broader manufacturing growth cycle.

Nippon Nifty Cons. ETF (CONSUMBEES)

Nippon Nifty Consumption ETF replicates the Nifty India Consumption Index, providing exposure to FMCG, retail, automotive, and consumer-discretionary companies. It reflects India’s rising consumption demand, income growth, and urban-rural spending patterns. The ETF tracks organised consumption trends, brand penetration, and sector resilience across changing economic conditions.

What are Thematic ETFs?

Thematic ETFs are exchange-traded funds that track a specific theme or trend instead of a broad market index. These themes can include sectors such as technology, defence, energy, EVs, infrastructure, and other long-term structural trends shaping the economy. They bundle companies linked to a chosen theme into a single tradable ETF.

How to Invest in Thematic ETFs?

Here's how you can invest in Thematic ETFs using Tickertape -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Tickertape Stock Screener
  3. Filter Thematic 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.
  4. 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!

Advantages of Investing in Thematic ETFs in India

Exposure to Structural Consumption Growth

The Nifty India Consumption Index underpins many thematic ETFs, and funds like Nippon India ETF Nifty India Consumption show multi-year annualised gains (e.g., 15.16% since inception as of Nov 2025), reflecting broad consumption demand in India.

Capturing Emerging Behavioural Trends

The Nifty India New Age Consumption Index targets discretionary and aspirational spending trends among new-economy consumers. These thematic baskets provide exposure to evolving spending patterns driven by lifestyle shifts.

Diversified Exposure within Theme

Thematic ETFs hold a range of companies linked to the same economic idea (e.g., consumption or new-age themes), spreading risk across multiple stocks while targeting a common secular driver such as rising consumption.

Potential from Rising Domestic Demand

Continued growth in consumption demand in India, often above broader global peers, supports thematic baskets tied to domestic spending and lifestyle upgrades, tracking structural shifts beyond traditional market indexes.

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Risks of Investing in Thematic ETFs in India

Theme Concentration and Narrow Focus

Thematic ETFs often focus on specific themes, such as consumption or niche segments. If a chosen theme underperforms (e.g., due to discretionary cutbacks during an economic slowdown), the entire ETF may lag broad market performance.

Return Volatility from Sector Shifts

While consumption trends have been strong, short-term cyclical pressures or regulatory changes (such as shifts in GST policy) can moderate consumer demand and influence thematic ETF returns.

Limited Diversification Outside the Theme

By definition, thematic ETFs exclude broader market exposures. If the theme loses momentum or structural drivers weaken, thematic ETFs may underperform diversified benchmarks.

Tracking Risk Compared with Benchmark

Thematic ETFs aim to track specific thematic indices, such as the Nifty India Consumption Index, but tracking errors (the difference between index and ETF returns) and liquidity variations can affect actual performance.

Factors to Consider Before Investing in Thematic ETFs

Underlying Thematic Index

Each thematic ETF is linked to a specific index, such as the Nifty India Consumption Index for consumption-focused themes. These indices differ in sector exposure, weighting approach, and construction methodology, which shape the ETF's overall behaviour.

Performance History of Related Themes

Several thematic indices, including consumption-linked benchmarks, have recorded meaningful multi-year returns (around 15% since inception for certain funds). Their outcomes often differ from broader market indices due to theme-specific drivers and index composition.

Correlation with Economic Growth and Policies

Themes such as domestic consumption and manufacturing tend to align with trends in GDP growth, policy programmes such as PLI schemes, and long-term urbanisation patterns. These linkages help explain periods of stronger or weaker index performance.

Liquidity and AUM Levels

Thematic ETFs generally have smaller AUM and lower trading volumes than broader index ETFs. These characteristics can lead to wider price spreads and more noticeable execution variance during periods of heightened market activity.

Taxation on Thematic ETFs

Thematic ETFs follow capital gains taxation determined by the holding period. 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

Thematic ETFs in India reflect defined economic themes and provide a structured way to observe how sectors respond to policy actions, demand cycles, and long-term structural shifts. Their performance depends on the underlying index, liquidity patterns, and the behaviour of related industries. Readers looking to explore thematic trends can use data on index composition, sector movements, and historical performance to understand how these themes perform across different market cycles.

Frequently Asked Questions on Thematic ETFs

  1. What are thematic ETFs?

    Thematic ETFs are exchange-traded funds that track indices built around specific economic themes such as consumption, manufacturing, digital services, or clean energy. They reflect how theme-linked companies perform collectively based on index design and sector mix.

  2. What are the best thematic ETFs?

    The following are the best thematic ETFs as per 1-year returns: Motilal Oswal BSE Enhanced Value ETF, ICICI Pru Nifty Commodities ETF, Mirae Asset Nifty India Manufacturing ETF, ICICI Pru Nifty Infrastructure ETF, ICICI Pru Bharat 22 ETF.

  3. Are thematic ETFs worth it?

    Thematic ETF performance depends on how the underlying theme evolves over time. Factors like policy support, demographic shifts, and demand trends may influence outcomes, which vary across cycles.

  4. What is the difference between a thematic ETF and a sector ETF?

    A sector ETF tracks a single industry, while a thematic ETF spans multiple industries aligned to a broader idea. For example, a manufacturing theme may include capital goods, chemicals, and logistics companies.

  5. Are thematic ETFs suitable for beginners in the stock market?

    Suitability depends on understanding the theme, its cyclicality, and index structure. Themes can be narrow or volatile, so beginners often assess risks and behaviour across periods.

  6. How to sell thematic ETFs?

    Thematic ETFs can be sold via your demat account by placing a sell order on the stock exchange. The transaction executes at prevailing prices and settles as per exchange rules.