iShares India 50 ETF (NASDAQ:INDY): What Does Large-Cap Indian Exposure Look Like?

Sonal Goyal

09 November 2026 09:43 PM AEDT

iShares India 50 ETF (NASDAQ:INDY): What Does Large-Cap Indian Exposure Look Like?

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Key Highlights

The fund tracks 50 of the largest companies listed in India through the Nifty 50 Index.
HDFC Bank and ICICI Bank together account for roughly 20% of the portfolio.
Net Assets were about US$596.3 million, and the expense ratio is 0.65%.
Financials are the largest sector group among the top holdings.

The iShares India 50 ETF (NASDAQ:INDY) offers exposure to 50 of the largest equities in India, following the Nifty 50 Index. The fund closed at $45.69 on 6 November 2026, with a net asset value of $45.87. It provides a single-country route to large-cap companies, with weightings set by the index.

Fund detail	Data (as stated on the fund page)
Exchange	NASDAQ
Closing price (6 Nov 2026)	$45.69
Net asset value (6 Nov 2026)	$45.87
Net assets (6 Nov 2026)	$596.3 million
Expense ratio	0.65%
Number of holdings	50
Benchmark index	Nifty 50 Index
Fund inception	18 November 2009
Distribution frequency	Semi-annual
30-day SEC Yield (30 Sep 2026)	0.61%

Leading positions and sector mix

HDFC Bank is the largest holding at 10.53% of market value, followed by ICICI Bank at 9.79%. Reliance Industries, Bharti Airtel and Larsen and Toubro round out the top five, with weights of 7.69%, 5.58% and 4.20%. State Bank of India, Infosys and Kotak Mahindra Bank also appear among the largest positions.

Financial companies carry the largest weight within the top holdings, while energy, communication, industrials and information technology make up the remainder of the leading names. The portfolio also includes a small Money Market position.

Costs and trading

The expense ratio is 0.65%, and the fund had 13 million shares outstanding on 6 November 2026. The 30-day median bid-ask spread was 0.05%, and the premium or discount on the day was -0.39%.

Index and distributions

The fund follows the Nifty 50 index and distributes income semi-annually. Its 30-day SEC yield as of 30 September 2026 was 0.61%. The fund began trading on 18 November 2009.

Final Word

INDY provides a concentrated view of India's largest listed companies, with financial services forming a large share of the weighting. Its exposure will continue to reflect the composition of the Nifty 50 Index as it is reviewed over time.

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