Skip to content
etf.net

Launched

Global X India Active ETF

NDIANYSE ArcaGlobal XB

$27.05+0.46 (+1.72%)

As of Nov 2, 2026, 3:48 PM ET

B60/ 100

Rank 9 of 19 in India

B60/100Rank 9 of 19inIndia
Intraday session: up, 71 prints from 26.59 to 27.05. Range 26.60 to 27.09. Use the arrow keys to read each point.26.7026.8026.9010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$51M
1Y total return
−9.9%
Yield · Last 12 months
1.23%
Holdings
32
Avg volume · 30D
4.27K sh
52W range
low $25.04high $30.42
Launched

The ETF.net NDIA Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
India⁠
Rank
9 of 19
Six-pillar profile for NDIA. Scores out of 100: Cost 42, Risk 67, Mission 97, Tradability 37, Holdings not scored, Durability 43. Strongest: Mission (97). Weakest: Tradability (37). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B 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.
    C42 out of 100
    Rank 10 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 9 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 5 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 14 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 13 of 19

Our read on NDIA

ETF.net Research

In short

BMost India ETFs hand you an index and a few hundred names. NDIA is a stockpicker: about 30 companies chosen for business quality and domestic-driven growth, held on a four- to five-year view.

Stated mandate

The fund seeks long-term capital growth through active exposure to India, emphasizing companies with quality business models and management teams and domestic-driven growth over a four- to five-year horizon.

Why people hold it

  • Actively run, not index-shadowing. A concentrated book of roughly 30 Indian companies, selected for quality business models and management teams, with long-term capital growth as the stated goal.globalxetfs.com
  • Costs 0.75% a year, level with the typical India ETF fee. Active stock selection at passive-median pricing is a rarer combination than it sounds.
  • Does what the label says. Pure India equity, quality screen, domestic-growth tilt, with very little drift from the advertised brief compared with its single-country peers.globalxetfs.com

Worth knowing

  • Cheaper index routes to the same country exist: FLIN charges 0.19% and INDA 0.61%. The extra fee here buys a manager's judgment, not broader coverage.
  • About 30 holdings means individual names carry real weight, and the whole portfolio rides one emerging market's economy and currency.
  • Trades lightly next to the giant India index funds and launched in 2023, so spreads can be wider and the live track record is still short.

NDIA Holdings

As of
Asset class
Stocks
Holdings
32
Top-10 weight
55%
Largest holding
IBN8.3%

Sectors

  • Financials32.1%
  • Consumer Discretionary12.0%
  • Industrials10.9%
  • Energy8.8%
  • Materials8.2%
  • Consumer Staples6.1%
  • Communication5.8%
  • Technology5.8%
  • Health Care4.0%
  • Utilities3.6%
  • Real Estate2.7%

Geography

  • India100.00%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IBNIcici Bank Ltd-Spon Adr8.26%139,651$3.92M52
2No dataHdfc Bank Limited7.89%508,440$3.74M3
3RIGD.ILReliance Inds-Spons Gdr 144A6.50%64,007$3.09M7
4No dataAxis Bank Ltd6.33%229,485$3M4
5No dataBharti Airtel Ltd5.84%149,244$2.77M3
6LT.NSLarsen & Toubro Ltd4.46%55,839$2.11M50
7No dataTitan Co Ltd4.06%41,917$1.93M2
8No dataUltratech Cement Ltd3.83%16,555$1.82M6
9No dataApollo Hospitals Enterprise3.81%22,255$1.81M3
10No dataIndia Rupee3.56%161,805,765$1.69M6
11INFYInfosys Ltd-Sp Adr3.49%152,705$1.65M53
12NTPC.NSNtpc Ltd3.47%508,643$1.65M51
13ETERNAL.NSEternal Ltd2.72%382,530$1.29M62
14SAIL.NSSteel Authority of India2.71%718,912$1.28M18
15No dataPrestige Estates Projects2.60%82,736$1.23M3

Showing 1–15 of 32 holdings

NDIA Performance

Launched Aug 17, 2023

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.
NDIA$9,006
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NDIA $9,006. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for NDIA. Periods over one year show the average yearly return.
PeriodNDIA
Year to date−10.7%
1 month+1.9%
3 months−3.2%
1 year−9.9%
3 yearsper year+3.6%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NDIA
YearReturn barNDIA
2026 YTD−10.7%
2025+5.0%
2024+5.8%
2023+12.7%

History from Aug 18, 2023

NDIA in the news

NDIA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.23%Last 12 months
Payout per share
$0.33Last 12 months
Last payment
$0.33 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.08; Dec 30, 2024 $1.05; Dec 30, 2025 $0.33. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 7, 2026$0.33
Dec 30, 2024Jan 7, 2025$1.05
Dec 28, 2023Jan 8, 2024$0.08

$10,000 in NDIA 3 years ago paid $567 in dividends.

NDIA Risk

Risk pillarB67 out of 100Rank 5 of 19 in India
How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.01
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−22.0%
38 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.38
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

NDIA Cost

Compare NDIA and FLIN

Overpaying vs FLIN, tied cheapest in India

$10,530

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NDIA 0.75%

    $14,482

  • FLIN 0.19% Tied cheapest

    $3,952

$10,000
30 years

Cost over time

  • NDIA 0.75%
  • FLIN 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NDIA $14,482FLIN $3,952

Year by year

YearNDIAFLINOverpaying
10$1,336$347$989
20$5,078$1,351$3,727
30$14,482$3,952$10,530

Other funds in India

See others