iShares India 50 ETF (INDY)
| Assets | $685.41M |
| Expense Ratio | 0.65% |
| PE Ratio | 21.86 |
| Shares Out | 12.95M |
| Dividend (ttm) | $0.08 |
| Dividend Yield | 0.15% |
| Ex-Dividend Date | Dec 17, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 3.31% |
| Volume | 47,792 |
| Open | 52.72 |
| Previous Close | 53.13 |
| Day's Range | 52.71 - 52.91 |
| 52-Week Low | 46.93 |
| 52-Week High | 54.87 |
| Beta | 0.43 |
| Holdings | 56 |
| Inception Date | Nov 18, 2009 |
About INDY
Fund Home PageThe iShares India 50 ETF (INDY) is an exchange-traded fund that is based on the Nifty 50 index, a market-cap-weighted index of 50 blue-chip companies traded on the National Stock Exchange of India. INDY was launched on Nov 18, 2009 and is issued by BlackRock.
Top 10 Holdings
57.77% of assets| Name | Symbol | Weight |
|---|---|---|
| HDFC Bank Limited | HDFCBANK | 12.77% |
| Reliance Industries Limited | RELIANCE | 8.46% |
| ICICI Bank Limited | ICICIBANK | 8.09% |
| BLK CSH FND TREASURY SL AGENCY | XTSLA | 5.60% |
| Bharti Airtel Limited | BHARTIARTL | 4.76% |
| Infosys Limited | INFY | 4.51% |
| Larsen & Toubro Limited | LT | 3.94% |
| ITC Limited | ITC | 3.36% |
| State Bank of India | SBIN | 3.32% |
| Axis Bank Limited | AXISBANK | 2.97% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $0.08012 | Dec 20, 2024 |
| Jun 11, 2024 | $0.04184 | Jun 17, 2024 |
| Dec 20, 2023 | $0.11594 | Dec 27, 2023 |
| Jun 7, 2023 | $0.0736 | Jun 13, 2023 |
| Dec 13, 2022 | $1.58503 | Dec 19, 2022 |
| Dec 13, 2021 | $3.36064 | Dec 17, 2021 |
Performance
INDY had a total return of -0.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.89%.
News
EPI Surpasses INDY As The Top India ETF
WisdomTree India Earnings Fund receives a strong buy rating for its diversified exposure and superior risk-adjusted returns versus iShares India 50 ETF. India's robust GDP growth, young demographics, ...
INDY: Betting On India's Large Caps
India's strong 6.4% projected GDP growth and favorable demographics make it an attractive emerging market opportunity, despite higher volatility. INDY ETF offers focused exposure to India's top compan...
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
INDY: Look Through India's Border Tensions
Border tensions have flared in India. But contagion risks appear to be well-contained. Focus on an increasingly attractive setup for Indian mega-caps.
INDY: Weathering The Storm With Indian Mega Caps
After months of downcycle concerns, India's domestic fundamentals are finally turning. But with external headwinds picking up, sticking with quality still makes sense. Having de-rated in recent months...
Indian Banks To Sustain Higher Leverage Ratios On Growing Capital
Major Indian banks are expected to sustain high leverage ratios, as healthy profits and a rapidly growing economy will help them build buffers. India's economic growth, which slowed to 5.4% year over ...
INDY: Weak Sentiment Presents A 2025 Opportunity In India's NIFTY 50
India's Manufacturing PMI fell to an 11-month low in November, indicating economic challenges. Despite underperforming global benchmarks, I reiterate a buy rating on the iShares India 50 ETF looking a...
India's IPO Market Set For Another High After Landmark Year For Fundraising
Fundraising via IPOs in India is set for another landmark year after economic growth, favorable market conditions and improvements in the regulatory framework helped companies raise record amounts in ...
GS: tactically upgrade China market and lower India stocks with a subdued view on Japan near-term
Timothy Moe of Goldman Sachs shares his latest view on China markets, India markets and Japan markets.
INDY: Unlikely To Be Too Buoyant In The Short Term
INDY ETF is currently exceeding the average returns it generates in a calendar year, but it is still lagging global stocks. India's growth potential and stable political regime should work well for IN...
Final Trades: Samsara, Constellation Energy, Aptiv and the INDY
The Investment Committee give you their top stocks to watch for the second half.
Final Trades: Intuit, Amgen, the INDY and URNM
The Investment Committee give you their top stocks to watch for the second half.
INDY: A Great Way To Play A Hot India
India's economy is thriving post-COVID, benefiting from the trade shift away from China and favorable demographics. iShares India 50 ETF provides easy access to top Indian stocks, with a high concentr...
Final Trades: Goldman Sachs, Devon Energy, Apollo Global and the INDY
The Investment Committee discuss their top stocks to watch for the second half.
The Reserve Bank of India Delivers A Hawkish Hold
Was today's no change to policy and hawkish statement a demonstration of the RBI's independence as some are suggesting? Or is the backdrop simply not yet conducive to a cut?
India's stock markets erase over $371 billion after ruling BJP falls short of election expectations
India's markets saw their largest one-day loss in four years after the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The All India M...
Modi's shock election hits India ETFs
India's Prime Minister Modi will hold on to his perch of the ruling coalition but his power may be watered down in an election twist, spooking investors who have enjoyed his stable hand for a decade.
India stocks tumble as PM Modi's party set to lose majority
CNBC's Seema Mody reports on news from India.
India stocks fall following narrow Modi election victory
CNBC's Seema Mody reports on the latest news from India's political and economic landscape.
India Market Really Is a Great Opportunity, Nomura Says
Nomura International Wealth Management CIO and Head of Discretionary Portfolio Management Gareth Nicholson says India is one of the firm's favored markets and represents "a great opportunity." He says...
India's Modi Awaits Fate as Markets Already Cheer Third Term Win
Official vote counting will begin in a few hours in India after exit polls signaled a third term victory for Prime Minister Narendra Modi. Haslinda Amin reports on Bloomberg Television.
India stocks hit record highs as Modi nears election to a third term
CNBC's Seema Mody reports on news from stocks in India.
India stocks hit record highs as exit polls predict a decisive Modi win
Local exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power. The BJP-led National Democratic...
Indian Stocks, Bonds, Rupee Rise After Polls Indicate Modi Win
Indian stocks are surging while bonds and the rupee are climbing as exit polls indicated a resounding victory for Prime Minister Narendra Modi's party. Avril Hong reports on Bloomberg Television.
Modi Set for Landslide Election Win: What Are the Implications for Markets?
Feroze Azeez, deputy CEO of Anand Rathi Wealth, looks at how the election outcome in India might affect the economy and financial assets. Indian stocks, bonds and the rupee are surging after exit poll...
INDY: India's Lagging Uber Caps Are Worth A Look
Indian stocks have continued their march higher. Recent volatility indicates not all of the positives have been priced in. Having lagged the smaller caps, an uber cap 'catch up' is overdue.
Emerging Markets Growth Remains Solid Amid Intensifying Inflationary Pressures
Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors.
INDY: Catalysts In Focus
iShares India 50 ETF is approaching its all-time high. The upcoming election in India in April/May 2024 could impact performance.
EM Central Banks: More Easing In The Cards?
Emerging markets have taken solace in the view that the U.S. hiking cycle is over, helping deliver strong returns in 2023. Slowing global inflation has been due to sharply lower core goods inflation, ...
Chief economic advisor on India's GDP growth for financial year 2025
V. Anantha Nageswaran, chief economic advisor to the Indian government, discusses the country's economic outlook.
Trade Tracker: Steve Weiss bets on India
Steve Weiss, Short Hills Capital Partners founder and managing partner, joins 'Halftime Report' to break down his bet on the emerging market, India.
Emerging Markets Conclude 2023 On Better Note Than Developed Markets
Emerging markets will also be looking closely at economic conditions in mainland China, which will be a key determinant of broader emerging market growth in 2024. A key reason for diverging emerging a...
INDY: India's Nifty 50 Index Breaks To Fresh Highs, Eying Further Upside
International stocks have generally underperformed in 2023, but India's Nifty 50 Index has reached all-time highs. The iShares India 50 ETF (INDY) has decent valuation and favorable technicals, making...
INDY: No Stopping India's Nifty 50 Stocks Into 2024
After a brief pause in Q3, India's flagship Nifty 50 resumed its YTD rally in Q4. The near-term fundamental and technical setup supports more upside from here. Ahead of a major election catalyst in ea...
Consider This: Is India The New China?
India's potential for economic growth lies in its young population, business-friendly reforms, and technology sectors. To unlock this potential, India needs long-term policies to address structural co...
India is seeing a multidecade growth surge. Here's how you can invest in it.
If you would like to have investment exposure to a tremendous emerging market with good prospects for rapid growth over coming decades, you should look at India.
India's Manufacturing Output Surges While Inflation Pressures Ease
India's economy continues to experience rapid growth, with GDP expanding by 7.8% year-over-year in the April-June quarter of 2023. Industrial production in India rose by 10.3% year-over-year in August...
INDY: A Dip-Buying Opportunity In Indian Stocks
The Indian large-cap rally has paused amid inflation and oil price concerns. Looking through the transitory headwinds; however, the fundamental story is as compelling as ever. Large-cap ETFs like INDY...
India's Booming Stock Market Is Leaving China in the Dust
The South Asian nation's market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
Emerging Markets Insights: From BRICS To BRICS+
The opportunity set is wide and growing wider in emerging markets, according to Franklin Templeton Emerging Markets Equity. The BRICS summit in South Africa in August announced the expansion of the gr...
India: GDP Growth Accelerates In Q2 2023
At 7.8% YoY, India's GDP print for 2Q23 was precisely in line with the consensus expectation. Nonetheless, singles out India as one of the few economies in the region where growth is actually firming,...
India's Economy Continues To Show Strong Growth In Mid-2023
India's economy continues to show strong expansion in the first half of 2023, driven by domestic demand and robust manufacturing and services sectors. Foreign direct investment (FDI) inflows into Indi...
INDY: Indian Equities Are Not Slowing Down After A Monster Q2 Rally
Indian equities have rightly diverged from their emerging market counterparts this year. Fundamentally, the compelling macro-micro setup stands out amid the global slowdown. Investors willing to stoma...
Emerging Markets Funds See Top 10 Weekly Outflow On Record
Emerging Markets Funds are made up of funds that seek long-term capital appreciation. Nigeria and Emerging Markets Europe have been the two areas that have seen the highest year-to-date and May return...
What's Shaping India? 5 Emerging Trends
India essentially became the office of the world as corporations became more comfortable with work being performed outside of the office. We see fewer opportunities in branded sneakers and more opport...
Update On India: Time To Take Another Look
India's economy has been resilient in the face of recent challenges, including the banking turmoil impacting the United States and Europe. Currently, the price-earnings ratio for Indian stocks (based ...
INDY: Large-Cap Indian Stocks Are Probably Overvalued
INDY invests in Indian large-caps. The fund is probably overvalued on the basis of what we might consider a fair IRR for the fund, vs. my five-year base case estimate of closer to 11%.
India's Economy Continues To Expand As Inflation Moderates
The Indian economy showed rapid growth in 2022, the second consecutive year of strong recovery following deep economic contraction in 2020 due to the COVID-19 pandemic. The index of industrial product...
Emerging Markets Insights: Emerging Market Banks Are Resilient
The liquidity crisis impacting selected developed market banks has unnerved emerging market investors. Markets have recovered from the turmoil following the liquidity crisis impacting some banks in th...