| NAV | $30.71 | Daily Change | -$0.21 | -0.68% |
| Market Price | $30.30 | Daily Change | -$0.63 | -2.04% |
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
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
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
| Inception Date | 08/17/23 |
| Total Expense Ratio | 0.76% |
| Net Assets | $25.79 million |
| NAV | $30.71 |
| Fact Sheet | View the document |
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.
The Global X India Active ETF (NDIA) seeks to achieve long-term capital growth.
| Ticker | NDIA |
| Bloomberg IOPV Ticker | NDIAIV |
| CUSIP | 37960A552 |
| ISIN | US37960A5526 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 840,000 |
| Number of Holdings | 27 |
| 30-Day Median Bid-Ask Spread | 0.40% |
| 30-Day SEC Yield | 0.15% |
| Distribution Frequency | Semi-Annually |
| NAV | $30.71 | Daily Change | -$0.21 | -0.68% |
| Market Price | $30.30 | Daily Change | -$0.63 | -2.04% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 7.84 | RIGD LI | RELIANC-GDR 144A | B16CYP9 | 58.50 | 34,583 | 2,023,105.50 |
| 7.33 | IBN | ICICI BANK LTD-SPON ADR | 2569286 | 30.11 | 62,770 | 1,890,004.70 |
| 6.43 | HDFCB IN | HDFC BANK LIMITED | BK1N461 | 21.31 | 77,822 | 1,658,621.02 |
| 5.91 | LT IN | LARSEN & TOUBRO LTD | B0166K8 | 44.24 | 34,463 | 1,524,493.11 |
| 5.58 | INFY | INFOSYS LTD-SP ADR | 2398822 | 22.65 | 63,551 | 1,439,430.15 |
| 4.50 | TCS IN | TATA CONSULTANCY SVCS LTD | B01NPJ1 | 51.18 | 22,698 | 1,161,610.21 |
| 4.47 | AXSB IN | AXIS BANK LTD | BPFJHC7 | 13.21 | 87,204 | 1,151,925.24 |
| 4.26 | UNITDSPR IN | UNITED SPIRITS LTD | BYWFSB7 | 18.59 | 59,027 | 1,097,478.73 |
| 3.79 | PEPL IN | PRESTIGE ESTATES PROJECTS | B4T3LF9 | 22.22 | 43,943 | 976,565.71 |
| 3.50 | UTCEM IN | ULTRATECH CEMENT LTD | B01GZF6 | 138.47 | 6,525 | 903,507.92 |
| 3.38 | TATA IN | TATA STEEL LTD | BPQWCZ3 | 1.70 | 513,235 | 872,694.32 |
| 3.24 | BHARTI IN | BHARTI AIRTEL LTD | 6442327 | 18.86 | 44,267 | 834,668.01 |
| 3.07 | ZOMATO IN | ZOMATO LTD | BL6P210 | 3.44 | 230,349 | 791,441.29 |
| 3.06 | APHS IN | APOLLO HOSPITALS | 6273583 | 85.19 | 9,253 | 788,248.97 |
| 3.02 | TTAN IN | TITAN CO LTD | 6139340 | 40.04 | 19,432 | 778,103.41 |
| 2.84 | NTPC IN | NTPC LTD | B037HF1 | 4.02 | 181,793 | 731,280.44 |
| 2.67 | MSIL IN | MARUTI SUZUKI INDIA LTD | 6633712 | 129.51 | 5,314 | 688,191.38 |
| 2.49 | SBILIFE IN | SBI LIFE INSURANCE CO LTD | BZ60N32 | 16.46 | 39,036 | 642,348.56 |
| 2.48 | TTMT IN | TATA MOTORS LTD | B611LV1 | 8.90 | 71,987 | 640,326.94 |
| 2.42 | KJC IN | KAJARIA CERAMICS LTD | BDB5J63 | 13.49 | 46,310 | 624,816.38 |
| 2.38 | SHFL IN | SHRIRAM FINANCE LTD | 6802608 | 34.50 | 17,805 | 614,349.26 |
| 2.33 | FB IN | FEDERAL BANK LTD | BFT7KB7 | 2.35 | 254,697 | 599,676.79 |
| 2.22 | GICRE IN | GENERAL INS CORP OF INDIA | BZ0XK69 | 5.29 | 108,247 | 572,976.79 |
| 2.15 | DMART IN | AVENUE SUPERMARTS LTD | BYW1G33 | 41.38 | 13,418 | 555,261.90 |
| 1.98 | LTIM IN | LTIMINDTREE LTD | BD6F8V6 | 77.38 | 6,607 | 511,252.67 |
| 1.95 | INDIA RUPEE | 0.01 | 42,684,484 | 502,421.61 | ||
| 1.87 | BPCL IN | BHARAT PETROLEUM CORP LTD | 6099723 | 3.39 | 142,074 | 482,122.64 |
| 1.87 | CASH | 1.00 | 481,583 | 481,583.41 | ||
| 1.82 | GODIGIT IN | GO DIGIT GENERAL | BQ0K6B4 | 4.02 | 116,481 | 468,624.97 |
| -0.83 | OTHER PAYABLE & RECEIVABLES | 1.00 | -214,207 | -214,206.82 |
| Sector | Weight (%) | |
|---|---|---|
| Financials | 30.5 | |
| Consumer Discretionary | 13.9 | |
| Information Technology | 12.5 | |
| Energy | 10.3 | |
| Industrials | 9.2 | |
| Materials | 7.2 | |
| Consumer Staples | 4.3 | |
| Real Estate | 3.4 | |
| Communication Services | 3.4 | |
| Health Care | 3.2 | |
| Utilities | 2.3 |
| Industry | Weight (%) | |
|---|---|---|
| Banks | 23.0 | |
| Software & Services | 13.3 | |
| Energy | 10.9 | |
| Capital Goods | 9.8 | |
| Materials | 7.7 | |
| Automobiles & Components | 5.8 | |
| Consumer Discretionary Distribution & Retail | 5.7 | |
| Insurance | 4.5 | |
| Equity Real Estate Investment Trusts (REITs) | 3.6 | |
| Telecommunication Services | 3.6 | |
| Health Care Equipment & Services | 3.4 | |
| Other | 8.7 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
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.