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FLIN vs INDA

Franklin FTSE India ETF

FLINANYSE Arca

iShares MSCI India ETF

INDAACboe

Overlap

3.5%by weight

Expense ratio

FLIN −0.42pt a year

FLIN0.19%INDA0.61%

Avg volume · 30D

INDA 9.0×the volume

FLIN588KINDA5.28M

5Y return · a year

FLIN +1.0pt

FLIN+2.0%INDA+1.0%

FLIN vs INDA Performance

Oct 29, 2021 – Oct 30, 2026

+10.5%FLIN+5.0%INDA

Oct 29, 2021 to Oct 30, 2026. FLIN +10.5%. INDA +5.0%. Use the arrow keys to read each point.−10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
FLIN 0.19%, better
INDA 0.61%
Fund size
FLIN $2.53B
INDA $5.84B
1Y total return
FLIN −11.8%
INDA −11.6%, better
Yield (12M)
FLIN 0.45%, better
INDA 0.00%
Holdings
FLIN 278
INDA 168
Avg volume (30D)
FLIN 588K sh
INDA 5.28M sh, better
NAV per share
FLIN $33.93
INDA $47.59
52W range

ETF.net Grade

FLIN: Cost 97, Risk 55, Mission 100, Tradability 83, Holdings 81, Durability 76. INDA: Cost 89, Risk 55, Mission 100, Tradability 100, Holdings 70, Durability 94.
Pillar letters and Scores for FLIN, INDA, with each pillar’s weight
PillarFLININDA
Cost30% weightA97HigherA89
Mission25% weightA100A100
Risk15% weightB55B55
Tradability15% weightA83A100Higher
Holdings10% weightA81HigherA70
Durability5% weightA76A94Higher

Rank among India funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FLIN and INDA are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

FLIN ranks 1st and INDA 1st of 19 funds in the India Category.

  1. Rank 1AFLINFranklin FTSE India ETFScore 86
  2. Rank 1AINDAiShares MSCI India ETFScore 86
  3. Rank 3AINDYiShares India 50 ETFScore 75

Our read on each fund

ETF.net Research

FLINAFranklin FTSE India ETF

INDAAiShares MSCI India ETF

In short

FLIN Franklin's India fund runs the whole large- and mid-cap market at 0.19% a year, a fraction of what most India ETFs charge. Same country, same index-tracking job, cheaper meter running.

INDA The default India trade for US investors: one big, heavily traded fund holding roughly 160 mostly larger Indian companies, running since 2012. Priced below the typical India fund, though it is not the category's price leader.

Stated mandate

FLIN The fund seeks to track, before fees and expenses, the performance of the FTSE India RIC Capped Index.

INDA The fund seeks to track an index composed of Indian equities, providing targeted exposure to India.

Why people hold it

  • FLIN Charges 0.19% a year, well under the typical India ETF fee and under every other top-scoring fund in the group, including INDA, INDY and SMIN.
  • Tracks the FTSE India RIC Capped Index with very little slippage, one of the tightest index-following records among India funds.
  • Roughly 240 Indian stocks in one ticker, plus a billion-dollar-plus asset base and steady daily trading, so spreads stay manageable for ordinary orders.
  • Live since 2018, giving it a multi-year track record through India's boom and its drawdowns rather than a fresh-off-the-line prospectus.
  • INDA Charges 0.61% a year against a 0.75% median for US-listed India funds, so the access fee sits below the category's going rate.
  • A multi-billion-dollar fund and among the most actively traded in its category, so getting in or out rarely means fighting a thin order book.
  • Tracks the MSCI India Index with no side bets, and rates as one of the strongest implementations among US-listed India funds. Live since 2012.

Worth knowing

  • FLIN One country, one currency. Indian politics, rates and a moving rupee land directly in the price, with no other market to cushion the swing.
  • The RIC Capped index trims oversized positions to meet US fund diversification rules, so returns can drift from an uncapped India benchmark.
  • Distributions come annually or semiannually, and Indian large caps are not a high-payout market. This is a growth-exposure tool, not an income stream.
  • INDA FLIN runs a broad India index for 0.19%. Here you pay up for the deeper trading and the longer live record.
  • One country, one currency. Rupee moves land in your return alongside Indian share prices.
  • Roughly 160 holdings skewed to India's bigger listed names; the small-cap tier sits in a separate fund (SMIN).

Full FLIN profile⁠

Full INDA profile⁠

FLIN vs INDA Holdings

How FLIN and INDA differ

Overlap by weight

3.5%

Shared holdings make up 4.1% of INDA and 3.5% of FLIN.

Level by level

  • Holdings9 in both3.5%
  • Sector11 Sectors96.2%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in FLIN and INDA, widest gap first
SectorMore in FLINMore in INDA
FinancialsINDA +2.5 points
UtilitiesFLIN +0.9 points
CommunicationINDA +0.9 points
EnergyFLIN +0.8 points
MaterialsFLIN +0.6 points
Health CareFLIN +0.6 points
TechnologyFLIN +0.5 points
Consumer DiscretionaryINDA +0.4 points
Real EstateFLIN +0.1 points
Consumer StaplesFLIN +0.1 points
IndustrialsFLIN +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in FLIN and INDA, widest gap first
CountryMore in FLINMore in INDA
IndiaSame weight

Outside the US: FLIN 0% developed, 100% emerging. INDA 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

  • FLIN30.7%
  • INDA34.9%

Securities held

  • FLIN275
  • INDA165

Asset class

FLIN
Equity
INDA
Equity

Holdings

  • Only in FLIN266
  • In both9
  • Only in INDA156

Only in FLIN

266 securities, 96.5% of FLIN by weight

  • Hdfc Bank Limited5.20%
  • Reliance Industries Limit5.15%
  • Icici Bank Ltd4.88%

Only in INDA

156 securities, 95.7% of INDA by weight

  • Hdfc Bank6.28%
  • Icici Bank5.91%
  • Reliance Industries Ltd5.32%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in FLIN and INDA, widest gap first
HoldingMore in FLINMore in INDA
Mahindra & Mahindra LtdINDA +0.23 points
Bse LtdINDA +0.10 points
Ge Vernova T&D India LtdINDA +0.08 points
Multi Commodity Exch IndiINDA +0.04 points
Canara BankINDA +0.03 points
Waaree Energies LtdINDA +0.03 points
Siemens LtdINDA +0.03 points
L&T Finance LtdINDA +0.02 points

All 236 FLIN holdings⁠All 165 INDA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLIN vs INDA Cost

Overpaying INDA vs FLIN

$8,046

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

  • FLIN 0.19%

    $3,952

  • INDA 0.61%

    $11,998

$10,000
30 years

Cost over time

  • FLIN 0.19%
  • INDA 0.61%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530INDA $11,998FLIN $3,952

Year by year

YearFLININDAOverpaying
10$347$1,093$746
20$1,351$4,181$2,830
30$3,952$11,998$8,046

Expense ratio

  • 0.19%FLIN, cheaper
  • 0.61%INDA
  • Middle half of India funds
  • Median 0.75%

FLIN cheapest of 19 funds

INDA 3rd cheapest of 19 funds

FLIN vs INDA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FLIN 0.45%, better
INDA 0.00%
Payout (12M)
FLIN $0.15
INDA None
Last payment
FLIN $0.15
INDA No data
Ex-dividend
FLIN Dec 19, 2025
INDA No data
Paid on
FLIN Dec 29, 2025
INDA No data
Frequency
FLIN Twice a year
INDA No data

Distribution history

Per share, 2017 to 2026, same scale for both

FLINTwice a year · 16 paymentsAll FLIN payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.07; Dec 20, 2018 $0.14; Jun 11, 2019 $0.18; Dec 11, 2019 $0.03; Jun 11, 2020 $0.12; Dec 14, 2020 $0.06; Jun 10, 2021 $0.05; Dec 13, 2021 $0.66; Dec 30, 2021 $0.01; Dec 16, 2022 $0.21; Dec 15, 2023 $0.25; Dec 28, 2023 $0.0047; Jun 21, 2024 $0.35; Dec 20, 2024 $0.24; Jun 20, 2025 $0.06; Dec 19, 2025 $0.15. Use the arrow keys to read each point.$0$2.502017202020232026YTD
INDA14 paymentsAll INDA payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.13; Dec 19, 2017 $0.27; Jun 19, 2018 $0.05; Dec 18, 2018 $0.25; Dec 28, 2018 $0.02; Jun 17, 2019 $0.32; Dec 16, 2019 $0.03; Jun 15, 2020 $0.08; Dec 14, 2020 $0.03; Jun 10, 2021 $0.04; Dec 13, 2021 $2.88; Dec 30, 2021 $0.03; Jun 7, 2023 $0.08; Dec 17, 2024 $0.40. Use the arrow keys to read each point.$0$2.502017202020232026YTD

FLIN vs INDA Risk

Fall from peak · 5 years

  • FLIN
  • INDA
Oct 29, 2021 to Oct 30, 2026. Worst fall: INDA −22.7% · Mar 2026. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FLIN 14.2%INDA 13.7%, better
Return per unit of riskSharpe ratio, 3 years
FLIN 0.05, betterINDA 0.00007
Worst fallMax drawdown, 5 years
FLIN −22.9%INDA −22.7%, better
Market sensitivityBeta, 5 years
FLIN 0.46INDA 0.56

FLIN and INDA in the news

All news⁠

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