Matthews India Active ETF INDE
$29.12+0.27 (+0.94%)
- 0.79%
- $17M
- −2.9%
- 1.83%
- 0M sh
- $28.56
- low $24.98high $31.44
The ETF.net INDE Grade
C
Score 50 out of 100
- 12 of 19
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D25 out of 100Rank 14 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 8 of 12Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 9 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 15 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 13 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D27 out of 100Rank 16 of 19
Our read on INDE
CMost India ETFs just buy the index. INDE hires stock pickers instead: Matthews Asia managers build the India portfolio by hand, free to hold common stock, preferred shares or convertibles. Launched in 2023, it's the active outlier in a cohort of trackers.
The fund seeks long-term capital appreciation by investing at least 80% of net assets in common stocks, preferred stocks, and convertible securities of companies located in India.
Why people hold it
- Real active management in an index-dominated group: managers choose the names, with room to hold preferred shares and convertibles alongside common stock.
- Does what the label says. At least 80% of net assets go to companies located in India, and the portfolio has stuck closely to that mandate.
- Plain equity exposure. No leverage, no options overlay, no structural wrinkles in the mandate, just Indian company shares chosen for long-term capital appreciation.
Worth knowing
- At 0.79% a year it costs more than index rivals like FLIN (0.19%) and INDA (0.61%), and it currently sits behind those cheaper trackers in our peer group review.
- Small and thinly traded next to the big India funds, so spreads can be wider and sizeable orders can push the price around.
- It opened in 2023, so the track record is short, and payouts come once or twice a year rather than as a regular income stream.
INDE Holdings
- Stocks
- 74
- 45%
- ETERNAL.NS
Sectors
- Financials33.2%
- Industrials13.8%
- Communication13.0%
- Consumer Discretionary10.8%
- Health Care9.8%
- Consumer Staples6.2%
- Technology6.0%
- Materials4.9%
- Energy2.3%
Geography
- India98.77%
- United States0.75%
- Japan0.48%
Developed 0% · Emerging 100%
INDE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
INDE$9,714
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | INDE |
|---|---|
| Year to date | −3.8% |
| 1 month | −3.1% |
| 3 months | −2.6% |
| 1 year | −2.9% |
| 3 years | +5.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INDE |
|---|---|---|
| 2026 YTD | −3.8% | |
| 2025 | +2.4% | |
| 2024 | +11.0% | |
| 2023 | +8.2% |
INDE in the news
INDE Dividends
- 1.83%
- $0.53
- $0.53 per share
- Irregular
Distribution history
INDE Risk
- 13.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.16
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.33
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INDE Cost
0.79%
INDE0.79%
- The middle half of India funds
- Median 0.75%
13 of the 19 India funds charge less.
Other funds in India
- BNFTYFirst Trust India NIFTY 50 Equal Weight ETFExpense ratio 0.80%1 year return −11.3%
- CINDZVanEck India Select ETFExpense ratio 0.75%1 year return —
- CINCOColumbia India Consumer ETFExpense ratio 0.75%1 year return −12.2%
- CIOPPSimplify Tara India Opportunities ETFExpense ratio 1.03%1 year return −8.0%
- CDGINVanEck Digital India ETFExpense ratio 0.70%1 year return −13.9%