INDY

The iShares India 50 ETF (INDY) is an exchange-traded fund designed to track the performance of large Indian companies listed in the equity market. The ETF is managed by BlackRock through its iShares division and trades under the ticker INDY on the Nasdaq.

Classified as an equity ETF with geographic exposure to India, the fund seeks to reflect, before fees and expenses, the performance of the Nifty 50 Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes fifty of the leading companies listed on the National Stock Exchange of India (NSE), selected according to market-capitalization and liquidity criteria.

Diversification and sector exposure

INDY provides exposure primarily associated with:

• Financials.
• Information technology.
• Energy.
• Consumer discretionary.
• Consumer staples.
• Infrastructure.
• Telecommunications.
• Indian large-cap equities.

The ETF’s performance is particularly sensitive to India’s economic growth, domestic fiscal and monetary policies, and global liquidity conditions affecting emerging markets.

Changes in international interest rates, currency fluctuations, inflation trends, and foreign capital flows into Indian assets may directly affect the fund’s behavior. The ETF may also reflect developments associated with digitalization, domestic consumption growth, and infrastructure investment across India.

Structure and costs

INDY shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. INDY may distribute income derived from dividends paid by Indian companies held in the portfolio.

Because the ETF maintains concentrated exposure to a single emerging-market country, its performance may show greater sensitivity to political, regulatory, currency, and macroeconomic factors associated with India and global emerging markets.

History and evolution of the ETF

The iShares India 50 ETF was launched in 2009 during a period marked by the expansion of emerging-market ETFs and growing global interest in the Indian economy.

Since inception, the fund has reflected movements associated with India’s economic growth, including expansion of the consumer market, technological development, and changes in global monetary conditions.

In recent years, INDY has reflected structural transformations within the Indian economy, growth in the technology sector, expanding digitalization, and fluctuations associated with international capital flows, inflation, and global monetary policy.

Additional Information

iShares India 50 ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $554.08 Millions.

Over the past 12 months, iShares India 50 ETF recorded a return of -15.61%, with its price trading between $40.97 and $54.73 during the same period.

The ETF is traded under the ticker INDY.