Key Highlights

  • IIND tracks the Solactive India Quality Select NR index and provides exposure entirely concentrated in Indian equities, with geographic exposure recorded at 100 percent India.
  • The fund reported net Assets of $166.69 million, a management fee of 0.80 percent per annum, and has traded on ASX since 6 August 2019.
  • Industrials and Consumer Cyclical are the two largest sector allocations, at 20.66 percent and 19.49 percent respectively, both above their category averages.

The BetaShares India Quality ETF (ASX:IIND) seeks to track the performance of the Solactive India Quality Select NR index, providing investors with exposure to a selection of Indian companies screened for quality characteristics. Admitted to ASX trading on 6 August 2019, the fund is categorised under Equity World Other, given its single-country focus outside the broader Asia Pacific groupings. Units can only be acquired by Authorised Participants in whole multiples of a Creation Unit, with application amounts payable in cash in Australian dollars.

The fund reported net assets of $166.69 million and 17,657,382 units on issue, with a management fee of 0.80 percent per annum. Risk metrics show a Beta of 1.39 and a Standard Deviation of 16.37, with the elevated beta figure indicating a degree of sensitivity to broader market movements consistent with a single-country emerging market equity exposure.

Sector Composition and Portfolio Structure

IIND's sector allocation is led by Industrials at 20.66 percent, above the Equity World Other category average of 13.12 percent, followed by Consumer Cyclical at 19.49 percent, also above the category's 5.57 percent. Financial Services stands at 16.74 percent, close to the category average of 13.54 percent, while Technology exposure of 16.66 percent sits below the category figure of 24.99 percent. Healthcare, at 3.49 percent, is notably underweight relative to the category average of 24.41 percent.

By geography, the fund's exposure is concentrated entirely in India at 100.00 percent, reflecting its single-country mandate, compared with a category average of 6.25 percent given the category's broader global composition. The fund held 100.00 percent of assets in equities, with no cash, bond or other allocations reported. The portfolio held a Turnover ratio of 24.90 percent over the trailing period.

Holdings, Returns and Distributions

The portfolio's top ten holdings account for 40.23 percent of total assets across 30 companies. Hindustan Unilever leads at 4.71 percent, followed by Mahindra & Mahindra at 4.19 percent and Suzlon Energy at 4.17 percent. GE Vernova T&D India, Bajaj Finance, Infosys, Tata Consultancy Services, BSE Ltd, Reliance Industries and NTPC complete the remaining top ten names.

The fund declared an interim distribution of $0.040 per unit, producing an annual distribution Yield of 0.86 percent, with an ex-date of 2 January 2026 and payment date of 19 January 2026.

Key Takeaways

IIND provides investors with a quality-screened, single-country route into Indian equities, distinguished by its concentrated Industrials and Consumer Cyclical sector weightings and complete geographic concentration in India. The fund's total return performance has been negative across the six-month, one-year and three-year periods, a characteristic that sets its recent trajectory apart from several of the broader diversified Asia ex Japan funds examined alongside it.