---
ticker: "INDE"
name: "Matthews India Active ETF INDE"
url: "https://etf.net/etf/INDE"
grade: "C"
score: 50
graded_at: "2026-10-12"
category: "India"
category_rank: "12 of 19"
methodology: "https://etf.net/methodology"
---

# INDE: Matthews India Active ETF INDE

Grade **C**, Score 50 of 100. Rank 12 of 19 in India.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 25 | 14 of 19 |
| Mission | 99 | 8 of 12 |
| Risk | 55 | 9 of 19 |
| Tradability | 27 | 15 of 19 |
| Holdings | 43 | 13 of 18 |
| Durability | 27 | 16 of 19 |

## Top holdings

The fund holds 74 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | ETERNAL.NS | Eternal, Ltd. | 9.18% |
| 2 | ICICIBANK.NS | Icici Bank, Ltd. | 6.98% |
| 3 | HDFCBANK.NS | Hdfc Bank, Ltd. | 6.26% |
| 4 | NEULANDLAB.NS | Neuland Laboratories, Ltd. | 4.35% |
| 5 | BAJFINANCE.NS | Bajaj Finance, Ltd. | 3.76% |
| 6 | AXISBANK.NS | Axis Bank, Ltd. | 3.21% |
| 7 | BHARTIARTL.NS | Bharti Airtel, Ltd. | 3.10% |
| 8 | KOTAKBANK.NS | Kotak Mahindra Bank, Ltd. | 2.79% |
| 9 | SWIGGY.NS | Swiggy, Ltd. | 2.54% |
| 10 | ATHERENERG.NS | Ather Energy, Ltd. | 2.51% |
| 11 | GPPL.BO | Gujarat Pipavav Port, Ltd. | 2.41% |
| 12 | SHRIRAMFIN.BO | Shriram Finance, Ltd. | 2.39% |
| 13 | RELIANCE.NS | Reliance Industries, Ltd. | 2.20% |
| 14 | — | Star Health & Allied Insurance Co., Ltd. | 2.03% |
| 15 | MARICO.NS | Marico, Ltd. | 1.98% |
| 16 | PERSISTENT.NS | Persistent Systems, Ltd. | 1.65% |
| 17 | SONACOMS.NS | Sona Blw Precision Forgings, Ltd. | 1.56% |
| 18 | — | Hfcl, Ltd. | 1.46% |
| 19 | BHEL.BO | Bharat Heavy Electricals, Ltd. | 1.41% |
| 20 | M&M.NS | Mahindra & Mahindra, Ltd. | 1.36% |
| 21 | TVSMOTOR.NS | Tvs Motor Co., Ltd. | 1.34% |
| 22 | VBL.NS | Varun Beverages, Ltd. | 1.11% |
| 23 | SYRMA.NS | Syrma Sgs Technology, Ltd. | 1.04% |
| 24 | MFSL.NS | Max Financial Services, Ltd. | 1.02% |
| 25 | LENSKART.BO | Lenskart Solutions, Ltd. | 0.99% |
| 26 | SHADOWFAX.BO | Shadowfax Technologies, Ltd. | 0.99% |
| 27 | — | Great Eastern Shipping Co., Ltd. (The) | 0.98% |
| 28 | TATACONSUM.NS | Tata Consumer Products, Ltd. | 0.98% |
| 29 | SBC.NS | Shivalik Bimetal Controls, Ltd. | 0.96% |
| 30 | — | Le Travenues Technology, Ltd. | 0.96% |

Source: etf.net, https://etf.net/etf/INDE. Please cite the page URL.