Matthews India Active ETF (INDE)

Assets	$17.25M
Expense Ratio	0.79%
PE Ratio	28.06
Forward PE	23.65
Shares Out	600,000
Dividend	$0.53 (1.84%)
Ex-Dividend Date	Dec 17, 2025
Payout Frequency	Annual
Payout Ratio	52.26%

Volume	1,094
Open	28.59
Previous Close	28.67
Day's Range	28.53 - 28.59
52-Week Low	24.99
52-Week High	31.44
Beta	0.33
Holdings	74
Inception Date	Sep 22, 2023

About INDE

Fund Home Page

The Matthews India Active ETF (INDE) is an exchange-traded fund that mostly invests in stocks across the whole market. The fund actively selects Indian companies capable of sustainable growth based on fundamentals. The fund follows an all-cap strategy while implementing a fundamental bottom-up approach. INDE was launched on Sep 22, 2023 and is issued by Matthews.

• Asset Class: Equity
• Category: India Equity
• Region: Asia-Pacific
• Stock Exchange: NYSE Arca
• Ticker Symbol: INDE
• ETF Provider: Matthews

Top 10 Holdings

44.92% of assets

Name	Symbol	Weight
Eternal Limited	ETERNAL	9.06%
ICICI Bank Limited	ICICIBANK	7.22%
HDFC Bank Limited	HDFCBANK	6.29%
Neuland Laboratories Limited	NEULANDLAB	3.99%
Bajaj Finance Limited	BAJFINANCE	3.74%
Bharti Airtel Limited	BHARTIARTL	3.69%
Axis Bank Limited	AXISBANK	3.14%
Kotak Mahindra Bank Limited	KOTAKBANK	2.79%
Ather Energy Limited	ATHERENERG	2.55%
Swiggy Limited	SWIGGY	2.47%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.52655	Dec 22, 2025
Dec 18, 2024	$0.16779	Dec 23, 2024

Performance

INDE had a total return of -5.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.24%.

Data Sources: S&P Global Market Intelligence, CBOE, and more

Historical data is provided by S&P Global Market Intelligence. Real-time stock price data is provided by CBOE and 15-minute delayed consolidated tape pricing data is provided by Nasdaq UTP. Several fund data points are also provided by Finnhub.

Last checked:

Oct 22, 2026

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