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NDIA

GradeBNew York Stock Exchange Arca

Global X - India Active ETF

Countries & Regions · Global X · Inception 2023-08-17

$26.58−0.10 (−0.37%)

As of Sep 23, 2026, 3:08 PM EDT

History starts Aug 18, 2023.
Intraday session: down, 9 prints from 26.68 to 26.58. Range 26.54 to 26.66. Use the arrow keys to read each point.$26.55$26.60$26.6510 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$49M
1Y return
−8.4%
Yield · Last 12 months
1.23%
Holdings
30
Volume · 30D
0M sh
NAV per share
$26.65
52W range
low $25.04high $30.68

The ETF.net NDIA Grade

B

63/ 100

Rank 7 of 19 in India⁠

Confidence High

Six-pillar profile for NDIA. Scores out of 100: Cost 47, Risk 54, Mission 98, Tradability 56, Holdings not scored, Durability 43. Strongest: Mission (98). Weakest: Durability (43). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 47
    Category rank12/19 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank9/12 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank10/19 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank7/19 · top 37%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank13/19 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NDIA

ETF.net Research

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

  1. 01Actively 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
  2. 02Costs 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.
  3. 03Does 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

  1. 01Cheaper 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.
  2. 02About 30 holdings means individual names carry real weight, and the whole portfolio rides one emerging market's economy and currency.
  3. 03Trades 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 Sep 21, 2026, 6:06 PM
Asset class
Stocks
Holdings
30
Top-10 weight
61%
Largest holding
INDIA RUPEE10.5%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—INDIA RUPEE10.47%492,860,792$5M4
002IBNICICI BANK LTD-SPON ADR8.01%139,651$4M49
003—HDFC BANK LIMITED7.90%508,440$4M3
004RIGD.ILRELIANCE INDS-SPONS GDR 144A6.62%64,007$3M9
005—AXIS BANK LTD6.13%229,485$3M4
006—BHARTI AIRTEL LTD6.00%149,244$3M3
007LT.NSLARSEN & TOUBRO LTD4.27%51,679$2M17
008—APOLLO HOSPITALS ENTERPRISE4.23%22,255$2M3
009—ULTRATECH CEMENT LTD3.87%16,555$2M6
010—TITAN CO LTD3.86%37,837$2M2
011UNITDSPR.NSUNITED SPIRITS LTD3.56%122,250$2M9
012NTPC.NSNTPC LTD3.50%508,643$2M19
013INFYINFOSYS LTD-SP ADR3.37%152,705$2M50
014SAIL.NSSTEEL AUTHORITY OF INDIA2.71%718,912$1M15
015ETERNAL.NSETERNAL LTD2.66%382,530$1M26

Showing 1–15 of 32 holdings

NDIA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NDIA$9,156
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NDIA $9,156. SPY $11,723. Use the arrow keys to read each point.$8,344$10,179$12,015Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−10.5%
1 month−3.2%
3 months−2.5%
1 year−8.4%
3 years+3.1%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−10.5%
2025+5.0%
2024+5.8%
2023+12.7%

History from Aug 18, 2023

NDIA in the news

ETF.net Research hasn’t filed on NDIA yet — coverage lands here as it’s written.

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 Sep 22, 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

NDIA Risk

How much the fund’s monthly returns vary, scaled to a year.
14.1%
Annualised · 36 months to Aug 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.
0.04
vs 3-month T-bills · to Aug 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%
37 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.

NDIA Cost

Expense ratio0.75%
  • The middle half of India funds
  • Median 0.75%

8 of the 19 India funds charge less.

NDIA costs $75.00 a year on $10,000. The median India fund costs $75.00.