Key highlights

  • ASX:FIIN is an actively managed ETF holding 58 companies in India or earning significant earnings from India.
  • India accounts for 94.35% of the portfolio and the United States 5.65%.
  • The fund has about $6.41 million in assets and a 1.20% management fee.

The Fidelity India Active ETF (ASX:FIIN) gives investors exposure to companies located in India, as well as companies elsewhere that derive a significant proportion of their earnings from India. The fund is actively managed and uses in-house, bottom-up company research.

About the Fund

FIIN was admitted to the ASX on 31 May 2024 and is classified in the Equity World Other category, with the MSCI India Net Return Index in US dollars as its benchmark. Fidelity says it believes markets are semi-efficient and that share prices do not always reflect inherent value. The fund has about $6.41 million in assets, and the management fee is 1.20%.

Country exposure

The largest country allocation is India at 94.35%, followed by the United States at 5.65%.

The United States allocation corresponds to Cognizant Technology Solutions, which is among the fund’s largest holdings. Stocks make up 98.08% of the portfolio with cash at 1.92%.

Portfolio holdings

The portfolio holds 58 companies, with top ten holdings making up 37.77% of the fund. The largest positions are Cognizant Technology Solutions Corporation (5.54%), ICICI Bank Limited (US-listed) (5.27%), ICICI Bank Ltd (4.41%), Bajaj Finance Ltd (4.08%) and Kotak Mahindra Bank Ltd (3.89%).

ICICI Bank appears through two listings, which together make up 9.68% of the fund. The remaining top ten holdings include Sun Pharmaceutical Industries, Fortis Healthcare, Apollo Hospitals, Cholamandalam Investment and Finance and HDFC Bank.

Understanding the exposure

The five largest positions add up to 23.19% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 48 holdings share the other 62.23% of the portfolio, an average of about 1.30% each. Exposure is spread across 2 countries or regions, and the three largest allocations (India and the United States) together account for 100% of the portfolio.

Fees, size and distributions

The most recent distribution was a final distribution of $0.005 per unit, with an ex-date of 1 July 2026 and payment on 20 July 2026, and the reported annual yield is 0.07%.

Fund structure and reporting

FIIN has an ISIN of AU0000333916 and a head office at Level 17, 60 Martin Place, Sydney. Recent ASX announcements from the fund include a monthly portfolio holdings report, a quarterly correlation report for the third quarter and the annual financial report for 30 June 2026, lodged on 18 September 2026.

Equity World Other funds are almost exclusively dedicated to global stocks, with less than 20% of the portfolio in assets other than equities, and they may be defined by a single sector or country exposure.

Units in FIIN are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. The fund is actively managed, so its holdings and weightings are chosen by the manager rather than set by an index, and they can change over time.