Global X India Nifty 50 ETF (ASX:NDIA): The Companies Behind India’s Benchmark Index

Sonal Goyal

20 October 2026 05:48 PM AEDT

Global X India Nifty 50 ETF (ASX:NDIA): The Companies Behind India’s Benchmark Index

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Key highlights

ASX:NDIA aims to track the NSE Nifty 50 Index and is fully invested in India.
The portfolio holds 51 companies, with the top ten making up 51.99% of the fund.
HDFC Bank (10.31%), ICICI Bank (8.99%) and Reliance Industries (7.53%) are the largest holdings.

The Global X India Nifty 50 ETF (ASX:NDIA) provides exposure to 50 of India’s largest listed companies through a single ASX-quoted fund. The fund aims to provide a return that, before fees and expenses, tracks the NSE Nifty 50 Index.

About the Fund

NDIA was admitted to the ASX on 21 June 2019 and is classified in the Equity World Other category. The fund has about $170.46 million in assets, and the management fee is 0.69%. An announcement on 15 October 2026 noted the appointment of Citigroup Pty Limited as fund service provider.

Country exposure

The fund’s entire country allocation is to India (100%).

Every holding is a company with a market value above $1 billion, and stocks make up 99.44% of the portfolio.

Portfolio holdings

The portfolio holds 51 companies, with top ten holdings making up 51.99% of the fund. The largest positions are HDFC Bank Ltd (10.31%), ICICI Bank Ltd (8.99%), Reliance Industries Ltd (7.53%), Bharti Airtel Ltd (5.07%) and Larsen & Toubro Ltd (4.18%).

The top ten also include State Bank of India, Axis Bank, Infosys, Kotak Mahindra Bank and Mahindra & Mahindra. Banks account for five of the ten largest positions.

Understanding the exposure

The five largest positions add up to 36.08% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 41 holdings share the other 48.01% of the portfolio, an average of about 1.17% each. Every holding is based in India, so the fund’s exposure sits entirely in that one market and it has no allocation to other countries.

Fees, size and distributions

The most recent distribution was a final distribution of $1.277 per unit, with an ex-date of 2 July 2026 and payment on 16 July 2026, and the reported annual yield is 2.15%.

Fund structure and reporting

NDIA has an ISIN of AU0000043838 and a head office at Level 16, 20 Martin Place, Sydney. Recent ASX announcements from the fund include the appointment of Citigroup Pty Limited as fund service provider, a units-on-issue notice for September 2026 and the annual financial report lodged on 28 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 NDIA 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 follows a rules-based index, so its holdings and weightings are set by the index methodology and adjusted when the index is rebalanced.

FAQs

Q: How many holdings does NDIA have?

A:51 companies.

Q: What is the management fee?

A:0.69%.

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