Key Highlights

  • NDIA tracks the NSE Nifty 50 index and provides exposure entirely concentrated in India, with geographic exposure recorded at 100 percent India.
  • The fund reported net Assets of $167.52 million and a management fee of 0.69 percent per annum, having traded on ASX since 21 June 2019.
  • Financial Services is the dominant sector allocation at 36.47 percent, well above the Equity World Other category average of 13.54 percent, led by HDFC Bank and ICICI Bank.
  • Total return performance was negative across four of the five measured periods, including a one-year decline of 16.83 percent and a three-year decline of 2.09 percent.

The Global X India Nifty 50 ETF (ASX:NDIA) aims to provide investors with a return that, before fees and expenses, tracks the performance of the NSE Nifty 50 Index, one of India's principal benchmark equity indices covering fifty of the country's largest listed companies. Admitted to ASX trading on 21 June 2019, the fund is categorised under Equity World Other given its single-country focus, and is benchmarked against the Nifty 50 TR INR index.

The fund reported net assets of $167.52 million and 2,900,776 units on issue, with a management fee of 0.69 percent per annum. Risk metrics show a Beta of 1.27 and a Standard Deviation of 16.09, figures that describe the fund's historical sensitivity and variability relative to broader market movements.

Sector Composition and Portfolio Structure

NDIA's sector allocation is heavily weighted toward Financial Services, which represents 36.47 percent of the portfolio compared with a category average of 13.54 percent. Consumer Cyclical follows at 12.00 percent, above the category's 5.57 percent, while Energy at 10.27 percent is also well above the category average of 2.69 percent. Technology exposure of 8.48 percent sits notably below the category figure of 24.99 percent, and Healthcare at 4.80 percent trails the category average of 24.41 percent by a wide margin.

Geographically, the fund's exposure is concentrated entirely in India at 100.00 percent, compared with a category average of 6.25 percent given the category's broader global composition. The fund held 99.43 percent of assets in equities and 0.57 percent in cash, with no bond exposure reported.

Holdings, Returns and Distributions

The portfolio's top ten holdings account for 52.56 percent of total assets across 51 companies. HDFC Bank is the largest position at 9.79 percent, followed closely by ICICI Bank at 9.39 percent and Reliance Industries at 7.78 percent. Bharti Airtel, Larsen & Toubro, State Bank of India, Infosys, Axis Bank, Kotak Mahindra Bank and Mahindra & Mahindra complete the remaining top ten names.

fund declared a final distribution of $1.277 per unit, producing an annual distribution Yield of 2.21 percent, with an ex-date of 2 July 2026 and payment date of 16 July 2026.