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NFTY vs SMIN

First Trust India NIFTY 50 Equal Weight ETF

NFTYBNasdaq

iShares MSCI India Small-Cap ETF

SMINACboe

Overlap

Expense ratio

SMIN −0.06pt a year

NFTY0.80%SMIN0.74%

Avg volume · 30D

SMIN 4.4×the volume

NFTY21.1KSMIN91.9K

10Y return · a year

SMIN +1.4pt

NFTY+7.4%SMIN+8.8%

NFTY vs SMIN Performance

Nov 9, 2021 – Nov 9, 2026

+22.6%NFTY+24.4%SMIN

Nov 9, 2021 to Nov 9, 2026. NFTY +22.6%. SMIN +24.4%. Use the arrow keys to read each point.−20%−10%0%10%40%Nov 2021May 2024Nov 2026
Expense ratio
NFTY 0.80%
SMIN 0.74%, better
Fund size
NFTY $109M
SMIN $707M
1Y total return
NFTY −2.2%
SMIN −1.0%, better
Yield (12M)
NFTY 1.84%
SMIN 1.99%, better
Holdings
NFTY 52
SMIN 456
Avg volume (30D)
NFTY 21.1K sh
SMIN 91.9K sh, better
NAV per share
NFTY $56.13
SMIN $69.31
52W range

ETF.net Grade

NFTY: Cost 19, Risk 68, Mission 100, Tradability 42, Holdings 100, Durability 68. SMIN: Cost 56, Risk 29, Mission 95, Tradability 81, Holdings 89, Durability 88.
Pillar letters and Scores for NFTY, SMIN, with each pillar’s weight
PillarNFTYSMIN
Cost30% weightF19B56Higher
Mission25% weightA100HigherA95
Risk15% weightB68HigherD29
Tradability15% weightC42A81Higher
Holdings10% weightA100HigherA89
Durability5% weightB68A88Higher

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

India⁠

Category · 19 funds
See all 19 ›

SMIN ranks 4th 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 5BIOPPSimplify Tara India Opportunities ETFScore 67
  6. Rank 8BNDIAGlobal X India Active ETFScore 60
  7. Rank 8BNFTYFirst Trust India NIFTY 50 Equal Weight ETFScore 60
  8. Rank 12BINDZVanEck India Select ETFScore 59

Our read on each fund

ETF.net Research

NFTYBFirst Trust India NIFTY 50 Equal Weight ETF

SMINAiShares MSCI India Small-Cap ETF

In short

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.

SMIN Most 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

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.

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

Why people hold it

  • 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.
  • SMIN 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

  • 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.
  • SMIN 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.

Full NFTY profile⁠

Full SMIN profile⁠

NFTY vs SMIN 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.

NFTY vs SMIN Cost

Overpaying NFTY vs SMIN

$1,039

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

  • NFTY 0.80%

    $15,346

  • SMIN 0.74%

    $14,307

$10,000
30 years

Cost over time

  • NFTY 0.80%
  • SMIN 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NFTY $15,346SMIN $14,307

Year by year

YearNFTYSMINOverpaying
10$1,422$1,319$103
20$5,393$5,015$378
30$15,346$14,307$1,039

Expense ratio

  • 0.80%NFTY
  • 0.74%SMIN, cheaper
  • Middle half of India funds
  • Median 0.75%

SMIN 9th cheapest of 19 funds

NFTY 16th cheapest of 19 funds

NFTY vs SMIN Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
NFTY 1.84%
SMIN 1.99%, better
Payout (12M)
NFTY $1.03
SMIN $1.41
Last payment
NFTY $0.31
SMIN $1.41
Ex-dividend
NFTY Mar 26, 2026
SMIN Dec 16, 2025
Paid on
NFTY Mar 31, 2026
SMIN Dec 19, 2025
Frequency
NFTY Quarterly
SMIN Annual

Distribution history

Per share, 2017 to 2026, same scale for both

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$52017202020232026YTD
SMINAnnual · 12 paymentsAll SMIN payments⁠
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.$0$52017202020232026YTD

NFTY vs SMIN Risk

Fall from peak · 5 years

  • NFTY
  • SMIN
Nov 9, 2021 to Nov 9, 2026. Worst fall: SMIN −27.5% · Mar 2026. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
NFTY 13.7%, betterSMIN 18.1%
Return per unit of riskSharpe ratio, 3 years
NFTY 0.07SMIN 0.15, better
Worst fallMax drawdown, 5 years
NFTY −21.9%, betterSMIN −27.5%
Market sensitivityBeta, 5 years
NFTY 0.63SMIN 0.50

NFTY and SMIN in the news

All news⁠

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