Navi Nifty India Manufacturing Index Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Equity Holding : 99.49% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.49%

No of Stocks : 75 (Category Avg - 54.20) | Large Cap Investments : 49.8%| Mid Cap Investments : 21.37% | Small Cap Investments : 8.04% | Other : 20.28%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	75	76.28
Top 5 Stock Weight	23.54%	37.21%
Top 10 Stock Weight	38.49%	54.41%
Top 3 Sector Weight	37.68%	34.22%

Category - Index Funds/ETFs

Particulars	This Scheme	Category
Average mcap (Cr)	82592.91	113148.29
Holdings in large cap stocks	49.8%	50.9%
Holdings in mid cap stocks	21.37%	15.68%
Holdings in small cap stocks	8.04%	8.49%

Category - Index Funds/ETFs

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Reliance Industries Ltd.	Refineries & marketing	36.9	5.28%	0.30%	5.63% (Feb 2025)	0% (Nov 2024)	24.81 k	253.00
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	33.9	4.86%	-0.08%	5.35% (Aug 2025)	0% (Nov 2024)	2.09 k	21.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	33.6	4.82%	-0.05%	5.21% (Jan 2025)	0% (Nov 2024)	9.64 k	97.00
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	32.4	4.64%	0.14%	5.16% (Nov 2024)	0% (Nov 2024)	19.16 k	194.00
Tata Steel Ltd.	Iron & steel products	27.5	3.94%	0.20%	3.94% (Oct 2025)	0% (Nov 2024)	1.50 L	1.53 k
Bharat Electronics Ltd.	Aerospace & defense	26	3.73%	0.09%	3.99% (May 2025)	0% (Nov 2024)	61.07 k	610.00
Hindalco Industries Ltd.	Aluminium	22.3	3.20%	0.24%	3.2% (Oct 2025)	0% (Nov 2024)	26.34 k	263.00
J S W Steel Ltd.	Iron & steel products	20.5	2.94%	0.07%	2.99% (Feb 2025)	0% (Nov 2024)	17.03 k	169.00
Bajaj Auto Ltd.	2/3 wheelers	17.9	2.57%	-0.01%	2.92% (Jan 2025)	0% (Nov 2024)	2.02 k	21.00
Eicher Motors Ltd.	2/3 wheelers	17.5	2.51%	-0.07%	2.58% (Sep 2025)	0% (Nov 2024)	2.50 k	25.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Reliance Industries Ltd.	Refineries & marketing	8.7	36.9	5.28%	0.30%	5.63% (Feb 2025)	0% (Nov 2024)	24.81 k	253.00	Large Cap	49.8
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	12.82	33.9	4.86%	-0.08%	5.35% (Aug 2025)	0% (Nov 2024)	2.09 k	21.00	Large Cap	49.8
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	12.82	33.6	4.82%	-0.05%	5.21% (Jan 2025)	0% (Nov 2024)	9.64 k	97.00	Large Cap	49.8
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	16.15	32.4	4.64%	0.14%	5.16% (Nov 2024)	0% (Nov 2024)	19.16 k	194.00	Large Cap	49.8
Tata Steel Ltd.	Iron & steel products	8.71	27.5	3.94%	0.20%	3.94% (Oct 2025)	0% (Nov 2024)	1.50 L	1.53 k	Other	20.28
Bharat Electronics Ltd.	Aerospace & defense	5.9	26	3.73%	0.09%	3.99% (May 2025)	0% (Nov 2024)	61.07 k	610.00	Mid Cap	21.37
Hindalco Industries Ltd.	Aluminium	3.2	22.3	3.20%	0.24%	3.2% (Oct 2025)	0% (Nov 2024)	26.34 k	263.00	Large Cap	49.8
J S W Steel Ltd.	Iron & steel products	8.71	20.5	2.94%	0.07%	2.99% (Feb 2025)	0% (Nov 2024)	17.03 k	169.00	Large Cap	49.8
Bajaj Auto Ltd.	2/3 wheelers	7.23	17.9	2.57%	-0.01%	2.92% (Jan 2025)	0% (Nov 2024)	2.02 k	21.00	Large Cap	49.8
Eicher Motors Ltd.	2/3 wheelers	7.23	17.5	2.51%	-0.07%	2.58% (Sep 2025)	0% (Nov 2024)	2.50 k	25.00	Other	20.28
Divis Laboratories Ltd.	Pharmaceuticals	16.15	15.6	2.23%	0.29%	2.33% (Jun 2025)	0% (Nov 2024)	2.31 k	24.00	Large Cap	49.8
Tata Motors Ltd.	Passenger cars & utility vehicles	12.82	15.6	2.23%	-1.58%	4.46% (Jan 2025)	0% (Nov 2024)	37.98 k	381.00	Large Cap	49.8
Cipla Ltd.	Pharmaceuticals	16.15	15.4	2.20%	-0.07%	2.53% (Feb 2025)	0% (Nov 2024)	10.23 k	103.00	Large Cap	49.8
Vedanta Ltd.	Diversified metals	2.18	15.2	2.18%	0.06%	2.22% (Jan 2025)	0% (Nov 2024)	30.85 k	303.00	Large Cap	49.8
Hindustan Aeronautics Ltd.	Aerospace & defense	5.9	15.2	2.17%	-0.09%	2.74% (May 2025)	0% (Nov 2024)	3.24 k	33.00	Other	20.28
TVS Motor Company Ltd.	2/3 wheelers	7.23	15	2.15%	-0.01%	2.16% (Sep 2025)	0% (Nov 2024)	4.27 k	43.00	Mid Cap	21.37
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	16.15	13.3	1.90%	-0.10%	2.42% (Dec 2024)	0% (Nov 2024)	11.08 k	113.00	Other	20.28
Bharat Petroleum Corporation Ltd.	Refineries & marketing	8.7	12.6	1.80%	0.04%	1.8% (Oct 2025)	0% (Nov 2024)	35.25 k	356.00	Large Cap	49.8
Suzlon Energy Ltd.	Heavy electrical equipment	5.17	12.3	1.76%	0.08%	2.46% (May 2025)	0% (Nov 2024)	2.07 L	2.11 k	Small Cap	8.04
Dixon Technologies (India) Ltd.	Consumer electronics	2.63	11.5	1.65%	-0.14%	1.96% (Dec 2024)	0% (Nov 2024)	745.00	7.00	Other	20.28
Indian Oil Corporation Ltd.	Refineries & marketing	8.7	11.3	1.62%	0.12%	1.62% (Oct 2025)	0% (Nov 2024)	67.95 k	687.00	Large Cap	49.8
Cummins India Ltd.	Compressors, pumps & diesel engines	1.43	10	1.43%	0.10%	1.43% (Oct 2025)	0% (Nov 2024)	2.30 k	24.00	Mid Cap	21.37
# TML Commercial Vehicles Ltd.	Commercial vehicles	2.41	9.9	1.42%	1.42%	1.42% (Oct 2025)	0% (Nov 2024)	38.06 k	38.06 k	Other	20.28
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	5.17	8.6	1.24%	-0.04%	1.28% (Sep 2025)	0% (Nov 2024)	11.70 k	120.00	Small Cap	8.04
- Lupin Ltd.	Pharmaceuticals	16.15	8.6	1.24%	0.00%	1.63% (Dec 2024)	0% (Nov 2024)	4.40 k	45.00	Large Cap	49.8
Motherson Sumi Systems Ltd.	Auto components & equipments	4.03	8.5	1.22%	-0.04%	1.32% (Dec 2024)	0% (Nov 2024)	80.74 k	827.00	Large Cap	49.8
Pidilite Industries Ltd.	Specialty chemicals	2.97	8.2	1.17%	-0.05%	1.34% (Feb 2025)	0% (Nov 2024)	5.65 k	58.00	Large Cap	49.8
SRF Ltd.	Specialty chemicals	2.97	7.7	1.11%	0.01%	1.33% (Feb 2025)	0% (Nov 2024)	2.64 k	27.00	Mid Cap	21.37
UPL Ltd.	Pesticides & agrochemicals	1.83	7.5	1.07%	0.07%	1.07% (Oct 2025)	0% (Nov 2024)	10.34 k	104.00	Large Cap	49.8
Jindal Steel Ltd.	Iron & steel products	8.71	7.3	1.04%	-0.03%	1.07% (Sep 2025)	0% (Nov 2024)	6.80 k	67.00	Mid Cap	21.37
Ashok Leyland Ltd.	Commercial vehicles	2.41	6.9	0.99%	-0.04%	1.03% (Sep 2025)	0% (Nov 2024)	48.78 k	494.00	Mid Cap	21.37
Havells India Ltd.	Consumer electronics	2.63	6.9	0.98%	-0.03%	1.21% (Dec 2024)	0% (Nov 2024)	4.59 k	47.00	Large Cap	49.8
Torrent Pharmaceuticals Ltd.	Pharmaceuticals	16.15	6.8	0.97%	-0.04%	1.08% (Jul 2025)	0% (Nov 2024)	1.90 k	19.00	Mid Cap	21.37
Polycab India Limited	Cables - electricals	1.56	6.6	0.95%	0.03%	0.98% (Dec 2024)	0% (Nov 2024)	857.00	8.00	Other	20.28
Bharat Forge Ltd.	Castings & forgings	1.23	6.4	0.92%	0.05%	0.97% (Dec 2024)	0% (Nov 2024)	4.85 k	49.00	Mid Cap	21.37
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	12.82	6.3	0.91%	-0.08%	2.78% (Mar 2025)	0% (Nov 2024)	2.59 k	27.00	Other	20.28
Solar Industries India Ltd.	Explosives	0.88	6.2	0.88%	0.01%	1.15% (Jun 2025)	0% (Nov 2024)	443.00	5.00	Small Cap	8.04
Bosch Ltd.	Auto components & equipments	4.03	5.9	0.84%	-0.05%	0.96% (Aug 2025)	0% (Nov 2024)	158.00	2.00	Large Cap	49.8
MRF Ltd.	Tyres & rubber products	1.32	5.8	0.84%	0.04%	0.84% (Oct 2025)	0% (Nov 2024)	37.00	0.00	Mid Cap	21.37
Tube Investments Of India Ltd.	Auto components & equipments	4.03	5.9	0.84%	-0.05%	1.09% (Dec 2024)	0% (Nov 2024)	1.94 k	20.00	Small Cap	8.04
Aurobindo Pharma Ltd.	Pharmaceuticals	16.15	5.8	0.83%	0.02%	1.07% (Dec 2024)	0% (Nov 2024)	5.09 k	52.00	Large Cap	49.8
Bharat Heavy Electricals Ltd.	Heavy electrical equipment	5.17	5.8	0.83%	0.06%	0.97% (May 2025)	0% (Nov 2024)	21.91 k	217.00	Mid Cap	21.37
Voltas Limited	Household appliances	1.95	5.7	0.82%	-0.01%	1.17% (Dec 2024)	0% (Nov 2024)	4.14 k	42.00	Mid Cap	21.37
Alkem Laboratories Ltd.	Pharmaceuticals	16.15	5.6	0.81%	-0.01%	1.39% (Mar 2025)	0% (Nov 2024)	1.02 k	10.00	Mid Cap	21.37
APL Apollo Tubes Ltd.	Iron & steel products	8.71	5.5	0.79%	0.02%	0.95% (May 2025)	0% (Nov 2024)	3.09 k	31.00	Other	20.28
- Pi Industries Ltd.	Pesticides & agrochemicals	1.83	5.3	0.76%	0.00%	0.95% (Jul 2025)	0% (Nov 2024)	1.47 k	15.00	Mid Cap	21.37
Mankind Pharma Ltd.	Pharmaceuticals	16.15	4.9	0.70%	-0.05%	0.75% (Sep 2025)	0% (Nov 2024)	2.06 k	-1.00	Other	20.28
Siemens Energy India Ltd.	Power generation	0.69	4.8	0.69%	-0.08%	0.77% (Sep 2025)	0% (Nov 2024)	1.51 k	-1.00	Other	20.28
Page Industries Ltd.	Garments & apparels	0.68	4.7	0.68%	-0.01%	0.85% (Jul 2025)	0% (Nov 2024)	115.00	1.00	Mid Cap	21.37
ABB India Ltd.	Heavy electrical equipment	5.17	4.7	0.67%	-0.01%	1.03% (Nov 2024)	0% (Nov 2024)	894.00	9.00	Large Cap	49.8
Siemens Ltd.	Heavy electrical equipment	5.17	4.7	0.67%	-0.02%	1.78% (Nov 2024)	0% (Nov 2024)	1.51 k	15.00	Large Cap	49.8
Blue Star Ltd.	Household appliances	1.95	4.6	0.66%	0.01%	2.23% (Mar 2025)	0% (Nov 2024)	2.36 k	23.00	Small Cap	8.04
Coromandel International Ltd.	Fertilizers	0.65	4.6	0.65%	-0.06%	0.88% (Jul 2025)	0% (Nov 2024)	2.15 k	21.00	Mid Cap	21.37
Zydus Lifesciences Ltd.	Pharmaceuticals	16.15	4.4	0.63%	-0.03%	0.72% (Jan 2025)	0% (Nov 2024)	4.54 k	46.00	Mid Cap	21.37
KEI Industries Ltd.	Cables - electricals	1.56	4.2	0.61%	-0.02%	0.73% (Dec 2024)	0% (Nov 2024)	1.05 k	10.00	Small Cap	8.04
Supreme Industries Ltd.	Plastic products - industrial	1.04	4.2	0.60%	-0.08%	0.82% (Dec 2024)	0% (Nov 2024)	1.10 k	12.00	Mid Cap	21.37
UNO Minda Ltd.	Auto components & equipments	4.03	4	0.58%	-0.05%	0.63% (Sep 2025)	0% (Nov 2024)	3.27 k	-2.00	Small Cap	8.04
Sona BLW Precision Forgings Ltd.	Auto components & equipments	4.03	3.9	0.55%	0.06%	0.83% (Nov 2024)	0% (Nov 2024)	8.15 k	81.00	Other	20.28
Hindustan Zinc Ltd.	Zinc	0.54	3.8	0.54%	-0.02%	0.56% (Sep 2025)	0% (Nov 2024)	7.88 k	77.00	Large Cap	49.8
Navin Flourine International Ltd.	Commodity chemicals	0.54	3.8	0.54%	0.08%	0.54% (Oct 2025)	0% (Nov 2024)	668.00	-1.00	Small Cap	8.04
Kaynes Technology India Private Ltd.	Industrial products	0.71	3.6	0.51%	-0.04%	2.24% (Mar 2025)	0% (Nov 2024)	532.00	5.00	Other	20.28
Mazagon Dock Shipbuilders Ltd.	Ship building & allied services	0.88	3.5	0.51%	-0.02%	0.64% (Jun 2025)	0% (Nov 2024)	1.30 k	13.00	Other	20.28
Balkrishna Industries Ltd.	Tyres & rubber products	1.32	3.3	0.48%	-0.01%	0.69% (Feb 2025)	0% (Nov 2024)	1.46 k	15.00	Mid Cap	21.37
Crompton Greaves Consumer Electricals Ltd.	Household appliances	1.95	3.3	0.47%	-0.03%	0.73% (Nov 2024)	0% (Nov 2024)	11.69 k	119.00	Mid Cap	21.37
Astral Ltd.	Plastic products - industrial	1.04	3	0.44%	0.02%	0.59% (Nov 2024)	0% (Nov 2024)	2.10 k	22.00	Mid Cap	21.37
Gujarat Fluorochemicals Ltd.	Specialty chemicals	2.97	2.8	0.40%	-0.01%	0.49% (Dec 2024)	0% (Nov 2024)	743.00	8.00	Other	20.28
Cochin Shipyard Ltd.	Ship building & allied services	0.88	2.6	0.37%	-0.01%	0.48% (May 2025)	0% (Nov 2024)	1.44 k	14.00	Other	20.28
Linde India Ltd.	Industrial gases	0.33	2.3	0.33%	-0.02%	0.42% (May 2025)	0% (Nov 2024)	382.00	3.00	Small Cap	8.04
AIA Engineering Ltd.	Castings & forgings	1.23	2.2	0.31%	0.01%	0.4% (Jan 2025)	0% (Nov 2024)	662.00	7.00	Mid Cap	21.37
Escorts Ltd.	Tractors	0.31	2.1	0.31%	0.02%	0.34% (Jan 2025)	0% (Nov 2024)	566.00	6.00	Small Cap	8.04
K.P.R. Mill Ltd.	Other textile products	0.31	2.2	0.31%	-0.01%	0.32% (Sep 2025)	0% (Nov 2024)	2.02 k	22.00	Other	20.28
Himadri Speciality Chemical Ltd.	Specialty chemicals	2.97	2.1	0.29%	0.01%	1.07% (Mar 2025)	0% (Nov 2024)	4.27 k	45.00	Small Cap	8.04
Aditya Birla Real Estate Ltd.	Paper & paper products	0.26	1.8	0.26%	0.02%	0.4% (Nov 2024)	0% (Nov 2024)	951.00	9.00	Mid Cap	21.37
Castrol (india) Ltd.	Lubricants	0.25	1.7	0.25%	-0.01%	0.34% (Feb 2025)	0% (Nov 2024)	8.80 k	88.00	Mid Cap	21.37
- Honeywell Automation India Ltd.	Industrial products	0.71	1.4	0.20%	0.00%	0.25% (Dec 2024)	0% (Nov 2024)	38.00	0.00	Mid Cap	21.37

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# TML Commercial Vehicles Ltd.	Commercial vehicles	9.9	1.42%	1.42%	1.42% (Oct 2025)	0% (Nov 2024)	38.06 k	38059

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Reliance Industries Ltd.	5.28%	4.98%	4.65%	4.76%	5.03%	5.16%	-	4.64%	5.63%	5.39%	4.99%	4.69%	4.87%
Mahindra & Mahindra Ltd.	4.82%	4.87%	5.00%	5.00%	4.86%	5.08%	-	4.56%	4.96%	5.21%	5.04%	5.20%	4.82%
Sun Pharmaceutical Industries Ltd.	4.64%	4.50%	4.73%	5.07%	4.87%	4.44%	-	4.60%	4.94%	4.91%	5.11%	5.16%	5.40%
Maruti Suzuki India Ltd.	4.86%	4.94%	5.35%	4.56%	4.38%	4.33%	-	4.06%	5.14%	4.82%	4.09%	4.03%	4.06%
Tata Motors Ltd.	2.23%	3.81%	3.85%	3.83%	3.87%	4.02%	-	3.78%	4.26%	4.46%	4.44%	4.43%	4.73%
Tata Steel Ltd.	3.94%	3.74%	3.52%	3.60%	3.56%	3.56%	-	3.42%	3.72%	3.32%	3.27%	3.31%	3.43%
Bharat Electronics Ltd.	3.73%	3.64%	3.52%	3.65%	3.93%	3.99%	-	3.13%	2.71%	2.92%	2.82%	2.93%	2.73%
Hindalco Industries Ltd.	3.20%	2.96%	2.81%	2.72%	2.70%	2.45%	-	2.65%	3.02%	2.57%	2.51%	2.64%	2.78%
J S W Steel Ltd.	2.94%	2.87%	2.68%	2.74%	2.61%	2.52%	-	2.71%	2.99%	2.70%	2.48%	2.56%	2.57%
Bajaj Auto Ltd.	2.57%	2.58%	2.63%	2.44%	2.50%	2.55%	-	2.34%	2.87%	2.92%	2.79%	2.77%	3.04%
Cipla Ltd.	2.20%	2.27%	2.46%	2.41%	2.28%	2.21%	-	2.18%	2.53%	2.42%	2.41%	2.33%	2.37%
Hindustan Aeronautics Ltd.	2.17%	2.26%	2.19%	2.29%	2.41%	2.74%	-	2.30%	1.80%	2.09%	2.13%	2.26%	2.16%
Divis Laboratories Ltd.	2.23%	1.94%	2.14%	2.31%	2.33%	2.25%	-	1.97%	2.28%	2.11%	2.22%	2.17%	2.08%
Eicher Motors Ltd.	2.51%	2.58%	2.31%	2.07%	2.10%	1.96%	-	1.97%	2.15%	2.12%	1.90%	1.84%	1.87%
Vedanta Ltd.	2.18%	2.12%	1.96%	1.99%	2.11%	1.98%	-	2.11%	2.19%	2.22%	2.16%	2.12%	2.19%