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INDY vs NFTY

iShares India 50 ETF

INDYANasdaq

First Trust India NIFTY 50 Equal Weight ETF

NFTYBNasdaq

Overlap

Expense ratio

INDY −0.15pt a year

INDY0.65%NFTY0.80%

Avg volume · 30D

INDY 5.4×the volume

INDY113KNFTY21.1K

10Y return · a year

NFTY +0.5pt

INDY+6.9%NFTY+7.4%

INDY vs NFTY Performance

Nov 9, 2021 – Nov 9, 2026

+5.5%INDY+22.6%NFTY

Nov 9, 2021 to Nov 9, 2026. INDY +5.5%. NFTY +22.6%. Use the arrow keys to read each point.−20%−10%30%40%Nov 2021May 2024Nov 2026
Expense ratio
INDY 0.65%, better
NFTY 0.80%
Fund size
INDY $596M
NFTY $109M
1Y total return
INDY −5.0%
NFTY −2.2%, better
Yield (12M)
INDY 8.90%, better
NFTY 1.84%
Holdings
INDY 54
NFTY 52
Avg volume (30D)
INDY 113K sh, better
NFTY 21.1K sh
NAV per share
INDY $45.87
NFTY $56.13
52W range

ETF.net Grade

INDY: Cost 78, Risk 47, Mission 100, Tradability 84, Holdings 34, Durability 82. NFTY: Cost 19, Risk 68, Mission 100, Tradability 42, Holdings 100, Durability 68.
Pillar letters and Scores for INDY, NFTY, with each pillar’s weight
PillarINDYNFTY
Cost30% weightA78HigherF19
Mission25% weightA100A100
Risk15% weightC47B68Higher
Tradability15% weightA84HigherC42
Holdings10% weightD34A100Higher
Durability5% weightA82HigherB68

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. INDY and NFTY are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds
See all 19 ›

INDY ranks 3rd and NFTY 8th 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
  4. Rank 4ASMINiShares MSCI India Small-Cap ETFScore 70
  5. Rank 8BNDIAGlobal X India Active ETFScore 60
  6. Rank 8BNFTYFirst Trust India NIFTY 50 Equal Weight ETFScore 60
  7. Rank 12BINDZVanEck India Select ETFScore 59

Our read on each fund

ETF.net Research

INDYAiShares India 50 ETF

NFTYBFirst Trust India NIFTY 50 Equal Weight ETF

In short

INDY India's headline index in a US wrapper. INDY tracks the Nifty 50, the National Stock Exchange benchmark quoted across Indian markets, holding about 50 of the country's largest listed companies and skipping the small-cap tail.

NFTY Most India funds are a bet on a few megacaps. NFTY splits the NIFTY 50 evenly, so the fiftieth name carries the same weight as the first. Large caps only, rules-based, running since 2012.

Stated mandate

INDY The fund seeks to track the Nifty 50 Index, which represents 50 leading Indian companies, using an indexing approach rather than active security selection.

NFTY NFTY seeks to track, before fees and expenses, the price and yield of the NIFTY 50 Equal Weight Index. It normally invests at least 90% of net assets in common stocks comprising that Index.

Why people hold it

  • INDY The Nifty 50 is the NSE's flagship index: 50 stocks spanning 13 sectors, used across India for benchmarking, derivatives and index funds. In its US peer group, INDY is the fund built on it.nseindia.com
  • 0.65% a year, below the 0.75% median for US single-country India funds.
  • Straight indexing, no stock picking, and the fund has stayed very close to its benchmark. One of the tighter implementations among US India funds.ishares.com
  • Trading since 2009 under the iShares roof, which makes it one of the longer-running US ways to own Indian large caps.ishares.com
  • NFTY Equal weight is the whole point: about 50 NIFTY large caps, each given the same slice, so one or two Indian giants don't set the tone.ftportfolios.com
  • Tight mandate: normally at least 90% of net assets sit in the common stocks of its index. No stock-picking side quests.ftportfolios.com
  • Listed since 2012, so this is a long-running vehicle rather than a fresh idea chasing an India headline.
  • The portfolio stays glued to what the documents promise: a passive, index-tracking slice of India's largest listed companies.

Worth knowing

  • INDY About 50 names means the biggest Indian megacaps carry real weight here. Concentration is the design, not a bug, but it shows up in the ride.
  • Cheaper India exposure exists: FLIN charges 0.19%, and INDA, also large-cap focused, comes in a touch under INDY.
  • One country, one currency, one policy cycle. A single-market emerging equity fund moves harder than a global index fund, and INDY's swings run above its peer group's typical level.ishares.com
  • NFTY Costs 0.80% a year, above the India-ETF median of 0.75% and far above cap-weighted options like FLIN at 0.19%.
  • Equal weight cuts both ways: when India's biggest names lead, this fund holds less of them than cap-weighted rivals such as INDA or INDY.
  • It trades lightly next to the largest India ETFs, so spreads and order type matter more here than in a household-name fund.

Full INDY profile⁠

Full NFTY profile⁠

INDY vs NFTY 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.

INDY vs NFTY Cost

Overpaying NFTY vs INDY

$2,629

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

  • INDY 0.65%

    $12,717

  • NFTY 0.80%

    $15,346

$10,000
30 years

Cost over time

  • INDY 0.65%
  • NFTY 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NFTY $15,346INDY $12,717

Year by year

YearINDYNFTYOverpaying
10$1,163$1,422$259
20$4,440$5,393$953
30$12,717$15,346$2,629

Expense ratio

  • 0.65%INDY, cheaper
  • 0.80%NFTY
  • Middle half of India funds
  • Median 0.75%

INDY 5th cheapest of 19 funds

NFTY 16th cheapest of 19 funds

INDY vs NFTY Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
INDY 8.90%, better
NFTY 1.84%
Payout (12M)
INDY $4.09
NFTY $1.03
Last payment
INDY $0.10
NFTY $0.31
Ex-dividend
INDY Jun 15, 2026
NFTY Mar 26, 2026
Paid on
INDY Jun 18, 2026
NFTY Mar 31, 2026
Frequency
INDY Twice a year
NFTY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

INDYTwice a year · 16 paymentsAll INDY payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.04; Dec 21, 2017 $0.06; Jun 19, 2018 $0.07; Dec 18, 2018 $0.12; Dec 28, 2018 $0.02; Jun 17, 2019 $0.23; Jun 15, 2020 $0.03; Jun 10, 2021 $0.007; Dec 13, 2021 $3.36; Dec 13, 2022 $1.59; Jun 7, 2023 $0.07; Dec 20, 2023 $0.12; Jun 11, 2024 $0.04; Dec 17, 2024 $0.08; Dec 16, 2025 $4.00; Jun 15, 2026 $0.10. Use the arrow keys to read each point.$0$2.502017202020232026YTD
NFTYQuarterly · 22 paymentsAll NFTY payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Sep 21, 2017 $0.93; Dec 21, 2017 $0.54; Mar 21, 2019 $0.11; Jun 14, 2019 $0.05; Sep 25, 2019 $0.19; Mar 26, 2020 $0.09; Jun 25, 2020 $0.13; Dec 24, 2020 $0.01; Mar 25, 2021 $0.14; Jun 24, 2021 $0.02; Sep 23, 2021 $0.08; Dec 23, 2021 $0.50; Mar 25, 2022 $1.30; Sep 23, 2022 $0.22; Dec 23, 2022 $1.05; Mar 24, 2023 $0.05; Jun 27, 2023 $0.02; Mar 21, 2024 $0.08; Jun 27, 2024 $0.06; Dec 13, 2024 $0.76; Dec 12, 2025 $0.72; Mar 26, 2026 $0.31. Use the arrow keys to read each point.$0$2.502017202020232026YTD

INDY vs NFTY Risk

Fall from peak · 5 years

  • INDY
  • NFTY
Nov 9, 2021 to Nov 9, 2026. Worst fall: INDY −23.8% · Oct 2026. Use the arrow keys to read each point.−25%−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
INDY 13.0%, betterNFTY 13.7%
Return per unit of riskSharpe ratio, 3 years
INDY −0.15NFTY 0.07, better
Worst fallMax drawdown, 5 years
INDY −23.8%NFTY −21.9%, better
Market sensitivityBeta, 5 years
INDY 0.52NFTY 0.63

INDY and NFTY in the news

All news⁠

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