India Nifty 50 ETF (NDIA) – Global X ETFs Australia
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NDIA

India Nifty 50 ETF

Invest in NDIA
Overview Performance Holdings & Characteristics Research Documents Announcements FAQs

Reasons to Consider NDIA

Growth Potential

Exposure to growth in the emerging Indian market, backed by strong economic, demographic and political drivers.

Targeted Exposure

The Fund targets exposure to a single country.

Efficient Access

NDIA offers access to 50 of the largest and most liquid publicly traded companies in India, spanning a range of economic sectors.

Product Information As of 8 Dec 2023

Inception Date 19 Jun 2019
Management Costs (% p.a.) 0.69
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 8 Dec 2023

NAV/Unit (A$) 68.12790000
Currency (NAV) AUD
Shares Outstanding 1,174,591
AUM (A$) 80,022,434.98

Product Summary

The Global X India Nifty 50 ETF (NDIA) invests in 50 of the largest companies in India.

Product Objective

The Global X India Nifty 50 ETF (NDIA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NSE Nifty50 Index.

Trading Details

Ticker NDIA
Bloomberg Code NDIA AU Equity
ISIN AU0000043838
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited

Benchmark Information

Benchmark NSE Nifty50 Index
Provider NSE
Ticker BXTRNIFT

Distributions As of 31 Oct 2023

12-Month Yield 1.94%
12-Month Franking Level 0.00%
Distribution Frequency Annually
Distribution History View

Performance Table As of 8 Dec 2023

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 3.77% 4.94% -1.17% 0.37%
3 Months 1.31% 2.32% -1.01% 0.74%
1 Year 12.78% 15.59% -2.81% 2.11%
3 Year p.a. 14.20% 17.22% -3.03% 2.33%
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 8.92% 11.83% -2.91% 2.12%

Top Holdings As of 11 Dec 2023

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
13.63 HDFC BANK LTD BK1N461 1,653.20 360,939 10,864,671
9.11 RELIANCE INDS 6099626 2,455.75 162,632 7,271,894
7.76 ICICI BANK LTD BSZ2BY7 1,010.85 336,941 6,201,517
5.83 INFOSYS LTD 6205122 1,491.15 171,586 4,658,655
4.50 LARSEN & TOUBRO B0166K8 3,378.45 58,160 3,577,662
4.37 ITC LTD B0JGGP5 449.15 425,495 3,479,711
4.08 TATA CONSULTANCY B01NPJ1 3,626.70 49,230 3,250,864
3.44 AXIS BANK LTD BPFJHC7 1,131.20 133,385 2,747,285
2.98 KOTAK MAHINDRA 6135661 1,838.45 70,724 2,367,424
2.77 BHARTI AIRTEL 6442327 1,000.25 121,328 2,209,668
2.59 STATE BANK IND BSQCB24 614.15 184,644 2,064,748
2.46 HINDUSTAN UNILEV 6261674 2,522.30 42,927 1,971,445
2.13 BAJAJ FINANCE LT BD2N0P2 7,307.60 12,814 1,704,970
1.65 TITAN CO LTD 6139340 3,634.65 20,050 1,326,888
1.63 MAHINDRA & MAHIN 6100186 1,668.55 43,080 1,308,797
1.59 HCL TECH LTD 6294896 1,364.10 50,863 1,263,297
1.58 ASIAN PAINTS LTD BCRWL65 3,232.00 21,665 1,274,933
1.53 MARUTI SUZUKI IN 6633712 10,618.55 6,385 1,234,478
1.49 NTPC LTD B037HF1 285.05 228,554 1,186,225
1.45 SUN PHARMA INDU 6582483 1,235.80 51,881 1,167,384
1.38 TATA MOTORS LTD B611LV1 714.55 84,622 1,100,964
1.20 ULTRATECH CEMENT B01GZF6 9,413.55 5,553 951,784
1.14 TATA STEEL LTD BPQWCZ3 129.20 388,007 912,766
1.14 POWER GRID CORP B233HS6 228.60 219,007 911,575
1.10 INDUSIND BANK 6100454 1,508.95 31,380 862,155
1.02 ADANI ENTERPRISE B01VRK0 2,822.15 15,934 818,771
1.02 BAJAJ FINSERV LT BMTWGK2 1,710.15 26,078 812,018
0.97 NESTLE INDIA LTD 6128605 24,789.60 1,714 773,638
0.89 ADANI PORTS AND B28XXH2 1,022.95 38,493 716,958
0.89 COAL INDIA LTD B4Z9XF5 351.00 109,701 701,092
0.85 JSW STEEL LTD BZBYJJ7 839.35 44,677 682,786
0.85 OIL & NATURAL GA 6139362 195.95 187,646 669,487
0.84 TECH MAHINDRA LT BWFGD63 1,225.30 30,019 669,724
0.84 GRASIM INDS LTD BYQKH33 2,070.05 17,731 668,300
0.83 HINDALCO INDS B0GWF48 520.35 70,289 665,948
0.79 HDFC LIFE INSURA BF0TRG6 671.25 51,646 631,217
0.75 BAJAJ AUTO LTD B2QKXW0 6,075.70 5,441 601,911
0.72 DR REDDY'S LABS 6410959 5,763.90 5,850 613,945
0.72 SBI LIFE INSURAN BZ60N32 1,465.20 21,646 577,473
0.69 CIPLA LTD B011108 1,219.10 25,213 559,656
0.65 WIPRO LTD 6206051 422.60 67,788 521,603
0.64 BRITANNIA INDS BGSQG47 4,942.20 5,668 510,044
0.63 TATA CONSUMER PR 6121488 946.60 29,024 500,243
0.61 APOLLO HOSPITALS 6273583 5,555.35 4,838 489,367
0.61 EICHER MOTORS BMW4CV8 4,055.00 6,584 486,114
0.57 LTIMINDTREE LTD BD6F8V6 5,708.70 4,410 458,388
0.53 HERO MOTOCORP LT 6327327 3,715.75 6,251 422,915
0.51 DIVI LABS LTD 6602518 3,681.75 6,125 410,599
0.49 BHARAT PETROL 6099723 470.45 45,923 393,370
0.32 UPL LTD B0L0W35 585.20 24,180 257,643
Holdings are subject to change.

Sector Breakdown As of 11 Dec 2023

Sector Weight (%)
Financials 36.2
Information Technology 13.6
Energy 11.3
Consumer Staples 9.1
Consumer Discretionary 8.1
Materials 6.8
Industrials 6.4
Health Care 4.0
Communication Services 2.8
Utilities 2.6

Research

Views From the Ground: India

Read More

Why Opportunity in India Continues to Grow

Read More

India Offers Investment Opportunities Amid Global Slowdown

Read More

Documents

FAQs

  • What sort of companies does NDIA invest in?

    NDIA invests in the 50 largest companies by market capitalisation listed on the NSE. To provide some examples:

    HDFC Bank is one of the largest companies in the Nifty50. It is one of the largest banks and the largest private sector lenders in India. Its distribution network spans the country with over 5,000 branches and over 13,000 ATMs. HDFC Bank is amongst the top three players in auto and personal loans, commercial vehicles, cash and supply chain management.

    Hindustan Unilever (HUL) is one of the largest consumer goods providers in India, with a powerful brand and envious distribution network. HUL’s portfolio of products covers a wide spectrum including soaps, detergent, skin cream, shampoo, toothpaste, tea, coffee and packaged foods. An investment in HUL is a play on consumption growth in India and is boosted by improved personal care and strong growth in processed foods and beverages.

  • How can I use NDIA in a portfolio?

    NDIA can be used in portfolios to provide either a strategic or tactical allocation to India and emerging markets.

  • Am I exposed to any foreign currency in NDIA?

    Yes. NDIA is unhedged, meaning you are exposed to the currency movements between the Australian dollar and Indian rupee. If the rupee appreciates against the Australian dollar, this will positively impact NDIA’s performance. If the rupee depreciates against the Australian dollar, this will negatively impact NDIA’s performance.

  • Why invest in India specifically and not through a broad emerging markets fund?

    As of 2019, the Indian economy is the 7th largest in the world and is forecast to become the 3rd largest by 2030 according to research by Standard Chartered. Furthermore, India’s population is the second largest in the world in 2019, currently at over 1.3 billion, and is set to overtake China’s population by 2027, according to the United Nations 2019 World Population Prospects report. On the other hand, India’s market capitalisation represents less than 3% of global equity markets. As such, the major emerging markets indices and many emerging markets funds include only a small allocation to India. Investors who subscribe to the view that India’s growth potential is greater than its current market size can use NDIA to increase their portfolio’s allocation to India to their desired level.

Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not necessarily a guide to future performance. Any advice provided by Global X Management (AUS) Limited (“Global X”) is general advice and does not take into account your personal objectives, financial situation or needs. You should consult an independent investment adviser prior to making an investment in order to determine its suitability to your circumstances. This material may contain links to third party websites. Global X does not control and is not responsible for the information contained within third party websites. None of these links imply Global X’s support, endorsement or recommendation of any other company, product or service.

Global X Management (AUS) Limited ACN 150 433 828 AFSL No 466778

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