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The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund designed to track the performance of small-cap companies in India. The ETF is managed by BlackRock through the iShares platform and trades under the ticker SMIN on the Cboe BZX Exchange.
Classified as an equity ETF, the fund invests in Indian small-cap stocks and seeks to replicate the performance of the MSCI India Small Cap Index, which consists of smaller publicly traded Indian companies selected based on free float-adjusted market capitalization and liquidity criteria.
The ETF follows a passive management strategy and provides exposure to companies operating across a broad range of industries, allowing investors to access a segment of the Indian equity market with growth characteristics that differ from those of large-cap companies.
Diversification and sector exposure
SMIN provides exposure primarily associated with:
Indian small-cap companies.
Indian equity market.
Industrials.
Consumer discretionary.
Financials.
Materials.
Healthcare.
Information technology.
The portfolio includes hundreds of companies across multiple sectors of the Indian economy, providing broad diversification within the country's small-cap equity universe.
The ETF's performance generally reflects the performance of India's smaller publicly traded companies, which may offer greater growth potential but also higher volatility than larger firms.
Structure and costs
SMIN shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.
History and evolution of the ETF
The iShares MSCI India Small-Cap ETF was launched in 2012 to provide investors with access to India's small-cap equity market through a single exchange-traded investment.
Since inception, the fund has tracked the MSCI India Small Cap Index, reflecting the performance of companies operating across a wide range of sectors within the Indian economy.
Over time, the ETF has been influenced by India's economic growth, structural reforms, domestic market expansion, and changing conditions across emerging markets, while maintaining its objective of providing exposure to the country's small-cap segment.
Additional Information
iShares MSCI India Small-Cap ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $682.37 million.
Over the past 12 months, iShares MSCI India Small-Cap ETF recorded a return of -2.05%, with its price trading between $57.89 and $74.07 during the same period.
The ETF is traded under the ticker SMIN.
