| Assets | $919.59M |
| Expense Ratio | 0.75% |
| PE Ratio | 27.69 |
| Shares Out | 12.40M |
| Dividend (ttm) | $5.23 |
| Dividend Yield | 6.91% |
| Ex-Dividend Date | Dec 17, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | 194.90% |
| Volume | 246,333 |
| Open | 75.48 |
| Previous Close | 74.28 |
| Day's Range | 75.18 - 75.94 |
| 52-Week Low | 61.54 |
| 52-Week High | 84.94 |
| Beta | 0.44 |
| Holdings | 531 |
| Inception Date | Feb 8, 2012 |
About SMIN
Fund Home PageThe iShares MSCI India Small Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is issued by BlackRock.
Top 10 Holdings
12.61% of assets| Name | Symbol | Weight |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | XTSLA | 2.10% |
| Coforge Limited | COFORGE | 1.58% |
| Fortis Healthcare Limited | FORTIS | 1.54% |
| Max Financial Services Limited | MFSL | 1.21% |
| One97 Communications Limited | PAYTM | 1.19% |
| The Federal Bank Limited | FEDERALBNK | 1.18% |
| GE Vernova T&D India Limited | GVT&D | 1.08% |
| Embassy Office Parks REIT | EMBASSY | 1.05% |
| Laurus Labs Limited | LAURUSLABS | 0.92% |
| Blue Star Limited | BLUESTARCO | 0.76% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $5.23233 | Dec 20, 2024 |
| Dec 20, 2023 | $0.24375 | Dec 27, 2023 |
| Jun 7, 2023 | $0.04265 | Jun 13, 2023 |
| Dec 13, 2022 | $0.00382 | Dec 19, 2022 |
| Dec 13, 2021 | $0.76795 | Dec 17, 2021 |
| Dec 14, 2020 | $0.04953 | Dec 18, 2020 |
Performance
SMIN had a total return of -3.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.78%.
News
SMIN: A Favorable Cyclical Tilt Is Offset By Other Risks
The iShares MSCI India Small-Cap ETF offers diversified exposure to over 500 high-growth Indian small-caps while serving as an apt diversifier for US investors (a beta of just 0.2x). SMIN's portfolio ...
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...
SMIN: The Case For Holding The ETF - Risks, Rewards, And Relativity
SMIN offers high growth and diversification potential but comes with elevated risk and expensive valuations compared to US growth ETFs like QQQ. Despite India's strong economic prospects, SMIN underpe...
SMIN: Upgrading To Buy, India Small Caps' Valuation Is Now Favorable
I am upgrading the iShares MSCI India Small-Cap ETF (SMIN) to a buy due to improved valuation, despite technical caution. SMIN has underperformed, down 11% since November 2024, but offers a cheap P/E ...
SMIN: Keep The Faith In India's Small Caps
Indian small and mid-cap names have led the way down this year. But there are signs that the cyclical tide is turning. SMIN stands out as a compelling rebound play.
Trade Tracker: Steve Weiss sells the INDA and SMIN ETFs
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain why he's bearish on India.
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 ...
China and India's emerging markets will both have opportunities, says Calamos' Nick Niziolek
Nick Niziolek, Calamos Investment Management co-CIO, joins 'Closing Bell: Overtime' to discuss global opportunities in emerging markets under Trump.
SMIN: High Growth-High Price, Spotting A Better Entry (Rating Downgrade)
I am downgrading SMIN to a hold due to a higher P/E ratio and weakening technical trends despite strong long-term growth prospects. SMIN's portfolio is heavily weighted towards cyclical sectors, which...
SMIN: Small-Cap India Outperforms Large
Investing in India's small-cap market offers strong growth potential, with the iShares MSCI India Small-Cap ETF providing diversified exposure to 499 companies. The SMIN ETF's sector composition, with...
Final Trades: Interactive Brokers, Delta, the SMIN and IYH
The Investment Committee give you their top stocks to watch for the second half.
SMIN: Poor Electoral Showing For Modi's BJP Actually Improved The Case For India
This article discusses the potential risks associated with Indian Prime Minister Modi's election disappointment but concludes that it actually strengthened the case for owning India. The author argues...
SMIN: No Stopping The Boom In India's Smaller Caps
India looks set for policy continuity in PM Modi's third term. Relative to an exceptional macro/micro setup, valuations aren't all that demanding here. Having outperformed through the last two terms, ...
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.
SMIN: Forget China, India Is Still The Way To Go
Investors are advised to buy India and stay away from China as India has stronger growth and a better relationship with free market economies including the U.S. China's stock market may seem "dirt che...
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.
SMIN: Caution Warranted Towards One Of The Dazzling Equity Counters Of The World
iShares MSCI India Small-Cap ETF has generated tremendous alpha for a long time now. Indian small-caps are favored due to the country's strong economic growth, political stability, and encouraging ind...
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.
SMIN: India's Small/Mid-Caps Are Exuberant But Not Irrationally So
Indian large-cap equity performance has been impressive but nothing compared to the small and mid-caps. The widening small/mid-cap valuation premium is a concern, but investors also need to factor in ...
SMIN: Indian Small Caps - A Gateway To Emerging Market Growth
Investing in Indian Small Caps offers high-growth potential and undervalued opportunities for investors. India's fast-growing economy, consumer demand, and government's fiscal approach support the inv...
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...
SMIN: More Upside To Come Among Indian Small Caps
The iShares MSCI India Small-Cap ETF has outperformed other India funds in 2023, with a 24% total return. The ETF has a small-size orientation and pays a modest dividend, and its robust performance an...
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...
SMIN: Best ETF To Buy India For Long Term Growth
India could be a good option for international diversification, as it offers a low correlation with the U.S. and is less dependent on a weak dollar and strong commodities. Despite being considered an ...
SMIN: Possibly The Best India ETF
India is expected to become one of the main growth engines of the global economy due to its large population and economic opportunities created by the pandemic. The iShares MSCI India Small-Cap ETF is...
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...
INDA And SMIN: Why It's Time To Bet On India
India is currently experiencing 3 strong growth catalysts that should drive GDP outperformance. Legacy investment issues like a weak Rupee and mixed relative competitiveness are slowly improving.
Use SMIN's Small Caps To Profit From India's Sweet Spot
The iShares MSCI India Small-Cap ETF makes for a valid investment as it could appreciate by 19% despite recession risks in the developed world. My bullish stance is supported by strong GDP figures, in...
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...
SMIN: A Higher Beta Play On The India Growth Story
With the Indian growth story intact, the iShares MSCI India Small-Cap ETF offers investors a vehicle for higher beta exposure. In the near term, the sector allocation skew should see the fund benefit ...
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...
SMIN: Indian Small-Cap Equities Are Still Overvalued
SMIN invests in small-cap Indian stocks. The fund has technically out-performed U.S. equities recently; however, perhaps a lot of this has been due to favorable cyclical positioning and international ...
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...
India: Banking On The Budget
The 2022/23 Union budget sets out the Indian government's estimate for the deficit in 2021/22 at 6.8% of GDP and projects the deficit falling to 6.4% in 2022/23. The importance of agriculture for Indi...
Investing In India: Earnings Vs. Small-Cap ETFs
The WisdomTree India Earnings ETF invests based on the WisdomTree India Earnings Index. Using an in-house index is common for WisdomTree ETFs.