Model Portfolios | News | Contact

NDIA

India Active ETFActive

 

Reasons to Consider NDIA

High Growth Potential

Aided by favorable demographics, a market-friendly government, and supply chain diversification, India’s economy grew 6.7% in 2023. Their annual GDP growth is projected to remain above 6% in 2024 and 2025.1

Experienced Portfolio Managers

NDIA’s active approach is supported by a Mumbai-based team of analysts. Our parent company, Mirae Asset, is the largest international asset manager in India, and NDIA leverages this experience in its investment process.2

ETF Efficiency

In a single trade, NDIA delivers access to dozens of Indian stocks across a range of sectors, along with the outperformance potential of active management.

1IMF, Jan 2024
2Korea Economic Daily, Oct 2023

Key Information As of 06/28/24

Inception Date 08/17/23
Total Expense Ratio 0.76%
Net Assets $18.33 million
NAV $31.07
Fact Sheet View the document

ETF Summary

The Global X India Active ETF (NDIA) is an actively managed ETF designed to offer investors direct exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon.

ETF Objective

The Global X India Active ETF (NDIA) seeks to achieve long-term capital growth.

Trading Details As of 06/27/24

Ticker NDIA
Bloomberg IOPV Ticker NDIAIV
CUSIP 37960A552
ISIN US37960A5526
Primary Exchange NYSE Arca
Shares Outstanding 590,000
Number of Holdings 31
30-Day Median Bid-Ask Spread 0.40%

Distributions As of 06/28/24

30-Day SEC Yield -1.45%
Distribution Frequency Semi-Annually

ETF Prices As of 06/28/24

NAV $31.07 Daily Change -$0.04 -0.13%
Market Price $31.02 Daily Change -$0.27 -0.86%

Performance History

As of recent
(03/31/24)
Fund NAV Market Price Benchmark
Year-to-Date 2.68% 3.13% 6.07%
1 Month -0.21% 0.14% 0.81%
3 Months 2.68% 3.13% 6.07%
Since Inception 15.25% 16.29% 21.61%
Year-to-Date 3.79% 3.91% 9.30%
1 Month -0.31% 0.34% 0.71%
3 Months 0.87% 0.90% 3.88%
Since Inception 16.49% 17.17% 25.31%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 06/28/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
14.71 CASH 1.00 2,696,592 2,696,592.47
8.90 RIGD LI RELIANC-GDR 144A B16CYP9 74.60 21,856 1,630,457.60
7.09 IBN ICICI BANK LTD-SPON ADR 2569286 28.81 45,075 1,298,610.75
5.70 INFY INFOSYS LTD-SP ADR 2398822 18.62 56,124 1,045,028.88
5.29 LT IN LARSEN & TOUBRO LTD B0166K8 42.55 22,782 969,459.31
5.26 HDFCB IN HDFC BANK LIMITED BK1N461 20.19 47,762 964,432.99
4.18 TCS IN TATA CONSULTANCY SVCS LTD B01NPJ1 46.82 16,379 766,854.42
4.13 AXSB IN AXIS BANK LTD BPFJHC7 15.17 49,943 757,792.00
3.32 UTCEM IN ULTRATECH CEMENT LTD B01GZF6 139.92 4,343 607,689.28
3.29 DABUR IN DABUR INDIA LTD 6297356 7.20 83,698 602,936.75
3.28 PEPL IN PRESTIGE ESTATES PROJECTS B4T3LF9 22.70 26,492 601,274.28
3.21 BHARTI IN BHARTI AIRTEL LTD 6442327 17.32 33,981 588,460.66
3.09 UNITDSPR IN UNITED SPIRITS LTD BYWFSB7 15.31 36,945 565,555.90
2.97 TATA IN TATA STEEL LTD BPQWCZ3 2.09 260,919 544,476.27
2.77 APHS IN APOLLO HOSPITALS 6273583 74.18 6,848 507,985.89
2.76 BPCL IN BHARAT PETROLEUM CORP LTD 6099723 3.65 138,966 506,535.34
2.76 KJC IN KAJARIA CERAMICS LTD BDB5J63 16.89 29,987 506,385.18
2.69 MOTHERSO IN SAMVARDHANA MOTH 6743990 2.28 215,803 492,513.49
2.67 MSIL IN MARUTI SUZUKI INDIA LTD 6633712 144.31 3,388 488,930.40
2.52 NTPC IN NTPC LTD B037HF1 4.54 101,588 460,930.23
2.46 TTMT IN TATA MOTORS LTD B611LV1 11.87 37,946 450,391.89
2.41 SBILIFE IN SBI LIFE INSURANCE CO LTD BZ60N32 17.89 24,678 441,533.11
2.23 SHFL IN SHRIRAM FINANCE LTD 6802608 34.92 11,696 408,369.41
2.14 FB IN FEDERAL BANK LTD BFT7KB7 2.13 184,569 392,323.25
2.13 LTIM IN LTIMINDTREE LTD BD6F8V6 64.58 6,051 390,765.25
2.04 GICRE IN GENERAL INS CORP OF INDIA BZ0XK69 4.54 82,427 374,387.36
2.01 NYKAA IN FSN E-COMMERCE V BP4DCB4 2.12 173,885 367,924.08
1.93 DMART IN AVENUE SUPERMARTS LTD BYW1G33 56.56 6,240 352,960.82
1.92 GODIGIT IN GO DIGIT GENERAL BQ0K6B4 4.05 86,720 351,507.84
1.86 ZOMATO IN ZOMATO LTD BL6P210 2.41 141,619 340,615.88
1.77 TTAN IN TITAN CO LTD 6139340 40.82 7,927 323,610.77
0.81 CLIP GLOBAL X 1-3 MONTH T-BILL BS096K4 100.47 1,472 147,891.84
-1.35 OTHER PAYABLE & RECEIVABLES 1.00 -247,684 -247,683.77
-12.92 INDIA RUPEE 0.01 -197,448,434 -2,367,842.11
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Financials 27.4
Information Technology 13.2
Energy 12.3
Consumer Discretionary 11.7
Industrials 7.9
Consumer Staples 6.3
Materials 6.2
Health Care 5.0
Communication Services 3.9
Real Estate 3.5
Utilities 2.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Information Technology Services 19.1
Engineering & Construction 11.5
Motor Vehicles 10.6
Regional Banks 8.0
Wireless Telecommunications 7.6
Household/Personal Care 6.3
Oil Refining/Marketing 6.1
Construction Materials 5.9
Hospital/Nursing Management 5.4
Electric Utilities 5.0
Pharmaceuticals: Major 4.2
Other 10.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 06/27/24

Return on Equity 17.40%
Weighted Avg. Market Cap 62,562 M
2023 2024
Price-to-earnings 22.27 22.43
Price-to-book value 4.17 3.67

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the Global X Brazil (BRAZ) and India (NDIA) Active ETFs

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. NDIA is non-diversified.

NDIA is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. As an actively managed fund, NDIA does not seek to replicate a specific index. There can be no guarantee that active management strategies and processes will be successful.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.