First Trust India NIFTY 50 Equal Weight ETF (NFTY)
| Assets | $199.83M |
| Expense Ratio | 0.80% |
| PE Ratio | 22.57 |
| Shares Out | 3.55M |
| Dividend (ttm) | $0.76 |
| Dividend Yield | 1.34% |
| Ex-Dividend Date | Dec 13, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 30.26% |
| Volume | 13,959 |
| Open | 56.72 |
| Previous Close | 56.37 |
| Day's Range | 56.51 - 57.00 |
| 52-Week Low | 51.57 |
| 52-Week High | 65.90 |
| Beta | 0.49 |
| Holdings | 53 |
| Inception Date | Feb 14, 2012 |
About NFTY
Fund Home PageThe First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is issued by First Trust.
Top 10 Holdings
21.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Eternal Limited | ETERNAL | 2.38% |
| Hindustan Unilever Limited | HINDUNILVR | 2.27% |
| Jio Financial Services Limited | JIOFIN | 2.24% |
| Asian Paints Limited | ASIANPAINT | 2.18% |
| Hero MotoCorp Limited | HEROMOTOCO | 2.15% |
| UltraTech Cement Limited | ULTRACEMCO | 2.14% |
| Apollo Hospitals Enterprise Limited | APOLLOHOSP | 2.10% |
| JSW Steel Limited | JSWSTEEL | 2.09% |
| Hindalco Industries Limited | HINDALCO | 2.08% |
| Tata Steel Limited | TATASTEEL | 2.08% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.7608 | Dec 31, 2024 |
| Jun 27, 2024 | $0.0612 | Jun 28, 2024 |
| Mar 21, 2024 | $0.0785 | Mar 28, 2024 |
| Jun 27, 2023 | $0.0183 | Jun 30, 2023 |
| Mar 24, 2023 | $0.0527 | Mar 31, 2023 |
| Dec 23, 2022 | $1.0537 | Dec 30, 2022 |
Performance
NFTY had a total return of -6.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.61%.
News
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...
NFTY: India Enters The 'Panic Zone'
Indian equities remain mired in one of their worst selloffs in years. But sentiment is nearing rock bottom and fundamentals are turning. Equal-weighted NFTY offers a uniquely poised risk/reward play o...
NFTY: Keep The Faith In Equal-Weight India
India's recent mega-cap selloff changes little about the long-term growth story. It does, however, make for an attractive entry point. Having led on the way down, NFTY could well lead the way back up.
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 ...
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 ...
NFTY: A Nifty Equal Weighting Which Is Clearly Working
India's young population and growing middle class drive consumer demand, making the First Trust India NIFTY 50 Equal Weight ETF a compelling investment. NFTY's equal-weight approach reduces concentrat...
NFTY: A Horse For The Indian Course
NFTY's outperformance continues to fly under the radar. Yet, all signs point to more of the same in the coming years. The NFTY risk/reward remains as compelling as ever.
NFTY: The Large-Cap Play On India's Post-Election Phase
India is set for another PM Modi term. Policy continuity bodes well for the market outlook. Equal-weighted NFTY is well-placed to outperform the large caps.
NFTY: Equal Weight Is The Best Weight For Indian Stocks
Indian large caps have started the year strongly. From here, positioning into election season and beyond is crucial. Equal-weighted NFTY has its drawbacks, but still ranks highly on balance.
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.
NFTY: The Equal-Weighted Approach Continues To Pay Off In India
Last year's Indian market rally has extended into early 2024. Valuations are up but so are earnings ahead of a catalyst-rich next few months. Playing the rally through equal-weighted NFTY continues to...
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...
NFTY: The Indian Growth Engine Isn't Slowing Down
Coming off another great earnings season, Indian equities are in great shape. With weather headwinds cleared and an election on the horizon, the near-term setup is as compelling as ever. Tracking the ...
NFTY: Not Very Compelling
India's GDP growth is expected to slow down in the second half of the fiscal year. Loan growth in the banking sector is expected to subside, and the RBI's recent decision to target certain high-yieldi...
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...
NFTY: Ride The Indian Growth Story Via The Uber Caps
India remains one of the few major economies producing steady growth against a slowing external backdrop. Near-term weather headwinds will slow growth somewhat but should have little bearing on the lo...
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...
India: Another Solid Year Ahead For The Economy
Good growth momentum, strong credit growth, and a supportive budget environment provide a positive backdrop, though the Reserve Bank of India (RBI) still has work to do to tame inflation. Export growt...
India's Economic Growth Moderates In Last Quarter Of 2022
India has become an increasingly attractive location for multinationals across a wide range of industries. Latest data on key economic indicators continue to show strong momentum in many sectors of th...
Control, Complexity, And Politics: Deconstructing The Adani Affair
The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research. While the revenue part of the st...
5 Growth Opportunities In India
India is now the fastest-growing major economy in the world, surpassing China for the first time in a generation, with close to 8% growth. India's combination of a pro-business, reform-minded governme...
