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Launched · SEC filings

iShares MSCI India Small-Cap ETF

SMINCboeiSharesA

$67.84+1.08 (+1.62%)

At close: Nov 2, 2026, 4:00 PM ET

A70/ 100

Rank 4 of 19 in India

A70/100Rank 4 of 19inIndia
Intraday session: up, 79 prints from 66.76 to 67.84. Range 67.31 to 69.15. Use the arrow keys to read each point.67.5068.5069.0010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$669M
1Y total return
−6.0%
Yield · Last 12 months
2.07%
Holdings
456
Avg volume · 30D
116K sh
52W range
low $57.78high $74.36
Launched
Filings
SEC EDGAR

The ETF.net SMIN Grade

A

Score 70 out of 100

Category
India⁠
Rank
4 of 19
Six-pillar profile for SMIN. Scores out of 100: Cost 56, Risk 32, Mission 95, Tradability 79, Holdings 89, Durability 87. Strongest: Mission (95). Weakest: Risk (32). Leans toward Mission and Holdings.

Score 70 of 100 falls in the A 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.
    B56 out of 100
    Rank 9 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 11 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 16 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 out of 100
    Rank 4 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A89 out of 100
    Rank 3 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A87 out of 100
    Rank 2 of 19

Our read on SMIN

ETF.net Research

In short

AMost US-listed India funds stop at the blue chips. SMIN keeps going down-cap, tracking an MSCI index of roughly 500 smaller Indian companies, and it has been doing that job since 2012.

Stated mandate

The fund seeks to track the investment results of an index representing small-capitalization equity securities in India.

Why people hold it

  • Owns the slice of India the headline funds skip: roughly 500 small caps, versus the 50-name blue-chip lineup at INDY.ishares.com
  • At 0.74%, the fee lands right around the middle of the US India-fund pack, which is unusual for a specialist small-cap sleeve.
  • One of the stronger implementations among US-listed India funds: tight tracking of its stated index, iShares plumbing, and a live record back to 2012.

Worth knowing

  • Small caps inside one emerging market swing hard in both directions, and rupee moves stack on top of the stock moves.
  • Reasonable for the niche, pricey next to broad India trackers: FLIN charges 0.19% for the large-cap version of the trade.
  • Moderately traded rather than a top-of-book giant, so size your orders with care. Cash comes back once or twice a year, not monthly.

SMIN Holdings

Holdings pillarA89 out of 100Rank 3 of 18 in India
Asset class
Stocks
Holdings
456
Top-10 weight
11%
Largest holding
COFORGE.NS2.1%

Sectors

  • Industrials19.8%
  • Consumer Discretionary16.4%
  • Financials16.0%
  • Health Care14.0%
  • Materials11.7%
  • Technology8.6%
  • Consumer Staples4.0%
  • Real Estate3.6%
  • Utilities2.3%
  • Communication2.2%
  • Energy1.4%

Geography

  • India100.00%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 31.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1COFORGE.NSCoforge2.09%649,434$14M29
2SONACOMS.NSSona Blw Precision Forgings Ltd1.24%881,658$8.27M29
3EMBASSY-RR.NSEmbassy Office Parks Reit Units1.13%1,727,111$7.54M20
4GLENMARK.NSGlenmark Pharmaceuticals1.03%285,215$6.91M27
5MFSL.NSMax Financial Services Ltd0.99%524,214$6.63M28
6RADICO.NSRadico Khaitan0.96%148,955$6.41M26
7NAVINFLUOR.NSNavin Fluorine International Ltd0.92%67,260$6.15M27
8ATHERENERG.NSAther Energy Ltd0.91%328,653$6.08M33
9IPCALAB.NSIpca Laboratories Ltd0.86%282,757$5.74M26
10APARINDS.NSApar Industries Ltd0.86%34,617$5.72M21
11KEI.NSKei Industries Ltd0.74%125,364$4.98M29
12360ONE.NS360 One Wam Ltd0.74%473,939$4.92M25
13DELHIVERY.NSDelhivery0.71%1,170,829$4.76M20
14WELCORP.NSWelspun Corp Ltd0.69%186,263$4.59M22
15BIOCON.NSBiocon0.68%1,227,773$4.55M26

Showing 1–15 of 456 holdings

SMIN Performance

Launched Feb 8, 2012

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

SMIN$9,395
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SMIN $9,395. SPY $11,146. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 SMIN. Periods over one year show the average yearly return.
PeriodSMIN
Year to date−3.0%
1 month−0.7%
3 months−3.1%
1 year−6.0%
3 yearsper year+5.7%
5 yearsper year+4.1%
10 yearsper year+8.1%

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 SMIN
YearReturn barSMIN
2026 YTD−3.0%
2025−6.7%
2024+16.8%
2023+35.4%
2022−14.2%
2021+44.5%
2020+19.6%

SMIN in the news

SMIN 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 Nov 2, 2026.
2.07%Last 12 months
Payout per share
$1.41Last 12 months
Last payment
$1.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 12 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.47; Jun 19, 2018 $0.65; Jun 17, 2019 $0.21; Dec 16, 2019 $0.42; Jun 15, 2020 $0.40; Dec 14, 2020 $0.05; Dec 13, 2021 $0.77; Dec 13, 2022 $0.0038; Jun 7, 2023 $0.04; Dec 20, 2023 $0.24; Dec 17, 2024 $5.23; Dec 16, 2025 $1.41. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 19, 2025$1.41
Dec 17, 2024Dec 20, 2024$5.23
Dec 20, 2023Dec 27, 2023$0.24
Jun 7, 2023Jun 13, 2023$0.04
Dec 13, 2022Dec 19, 2022$0.0038
Dec 13, 2021Dec 17, 2021$0.77
Dec 14, 2020Dec 18, 2020$0.05
Jun 15, 2020Jun 19, 2020$0.40
Dec 16, 2019Dec 20, 2019$0.42
Jun 17, 2019Jun 21, 2019$0.21
Jun 19, 2018Jun 25, 2018$0.65
Dec 19, 2017Dec 26, 2017$0.47

See all 22 payments⁠

$10,000 in SMIN 10 years ago paid $2,872 in dividends.⁠

SMIN Risk

Risk pillarD32 out of 100Rank 16 of 19 in India
How much the fund’s monthly returns vary, scaled to a year.
18.1%
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.
0.15
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.
−27.5%
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.
0.48
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.

SMIN Cost

Compare SMIN and FLIN

Overpaying vs FLIN, tied cheapest in India

$10,355

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

  • SMIN 0.74%

    $14,307

  • FLIN 0.19% Tied cheapest

    $3,952

$10,000
30 years

Cost over time

  • SMIN 0.74%
  • 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$15K051015202530SMIN $14,307FLIN $3,952

Year by year

YearSMINFLINOverpaying
10$1,319$347$972
20$5,015$1,351$3,664
30$14,307$3,952$10,355

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