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

NDIA


India Nifty 50 ETF

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 17 Apr 2024

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 17 Apr 2024

NAV/Unit (A$) 73.03150000
Currency (NAV) AUD
Shares Outstanding 1,714,591
AUM (A$) 125,219,192.10
NAV History File View

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 28 Mar 2024

12-Month Yield 1.75%
12-Month Franking Level 0.00%
Distribution Frequency Annually
Distribution History View

Performance Table As of 17 Apr 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 2.02% 2.07% -0.05% 0.54%
3 Months 3.86% 4.11% -0.25% 1.04%
1 Year 24.51% 29.34% -4.84% 2.25%
3 Year p.a. 15.86% 18.88% -3.02% 2.25%
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 9.80% 12.76% -2.96% 2.11%

Top Holdings As of 18 Apr 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
11.62 HDFC BANK LTD BK1N461 1,509.25 516,128 14,520,748
10.18 RELIANCE INDS 6099626 2,931.50 232,175 12,687,490
7.65 ICICI BANK LTD BSZ2BY7 1,067.05 481,808 9,583,610
5.21 INFOSYS LTD 6205122 1,414.45 244,959 6,458,793
4.37 LARSEN & TOUBRO B0166K8 3,543.45 81,122 5,358,402
4.07 TATA CONSULTANCY B01NPJ1 3,872.80 69,535 5,019,944
3.84 ITC LTD B0JGGP5 425.90 608,088 4,827,746
3.35 BHARTI AIRTEL 6442327 1,216.45 178,512 4,047,921
3.03 AXIS BANK LTD BPFJHC7 1,051.90 194,823 3,820,191
2.96 STATE BANK IND BSQCB24 751.70 263,353 3,690,228
2.71 KOTAK MAHINDRA 6135661 1,792.60 100,962 3,373,741
2.04 MAHINDRA & MAHIN 6100186 2,031.30 65,722 2,488,601
2.03 HINDUSTAN UNILEV 6261674 2,220.80 61,276 2,536,707
1.97 BAJAJ FINANCE LT BD2N0P2 6,954.25 19,114 2,477,834
1.79 TATA MOTORS LTD B611LV1 992.80 120,902 2,237,513
1.74 NTPC LTD B037HF1 359.25 326,123 2,183,980
1.70 SUN PHARMA INDU 6582483 1,537.55 74,068 2,122,903
1.69 MARUTI SUZUKI IN 6633712 12,502.70 9,060 2,111,555
1.59 HCL TECH LTD 6294896 1,477.30 72,631 2,000,143
1.55 TITAN CO LTD 6139340 3,645.90 28,629 1,945,724
1.37 TATA STEEL LTD BPQWCZ3 160.05 565,310 1,686,602
1.32 POWER GRID CORP B233HS6 274.25 312,695 1,598,595
1.31 ASIAN PAINTS LTD BCRWL65 2,830.00 30,930 1,631,687
1.12 OIL & NATURAL GA 6139362 283.15 267,619 1,412,550
1.12 ULTRATECH CEMENT B01GZF6 9,463.80 7,923 1,397,737
1.06 COAL INDIA LTD B4Z9XF5 453.20 156,511 1,322,224
1.05 BAJAJ AUTO LTD B2QKXW0 8,919.15 7,774 1,292,523
1.01 INDUSIND BANK 6100454 1,490.95 45,402 1,261,852
1.00 ADANI PORTS AND B28XXH2 1,304.35 50,404 1,225,546
0.93 HINDALCO INDS B0GWF48 608.85 100,214 1,137,389
0.90 BAJAJ FINSERV LT BMTWGK2 1,618.50 37,233 1,123,340
0.89 NESTLE INDIA LTD BQB8GH3 2,546.10 24,490 1,162,344
0.87 GRASIM INDS LTD BYQKH33 2,242.95 25,302 1,057,900
0.84 ADANI ENTERPRISE B01VRK0 3,106.40 18,126 1,049,614
0.83 JSW STEEL LTD BZBYJJ7 845.25 65,421 1,030,796
0.77 TECH MAHINDRA LT BWFGD63 1,195.80 43,221 963,438
0.77 DR REDDY'S LABS 6410959 6,050.35 8,429 950,664
0.75 TATA CONSUMER PR 6121488 1,135.65 43,500 920,882
0.74 CIPLA LTD B011108 1,375.20 36,018 923,328
0.69 SHRIRAM FINANCE 6802608 2,400.75 19,084 854,057
0.69 SBI LIFE INSURAN BZ60N32 1,462.75 31,178 850,137
0.67 HDFC LIFE INSURA BF0TRG6 604.60 72,902 821,633
0.65 APOLLO HOSPITALS 6273583 6,334.75 6,963 822,236
0.65 WIPRO LTD 6206051 448.35 97,576 815,512
0.62 EICHER MOTORS BMW4CV8 4,355.70 9,471 768,996
0.60 BHARAT PETROL 6099723 592.30 65,969 728,370
0.58 HERO MOTOCORP LT 6327327 4,322.90 8,987 724,203
0.57 BRITANNIA INDS BGSQG47 4,740.70 8,168 721,819
0.49 DIVI LABS LTD 6602518 3,764.20 8,816 618,607
0.45 LTIMINDTREE LTD BD6F8V6 4,662.85 6,346 551,597
Holdings are subject to change.

Sector Breakdown As of 18 Apr 2024

Sector Weight (%)
Financials 33.9
Energy 13.0
Information Technology 12.7
Consumer Discretionary 9.3
Consumer Staples 8.1
Materials 6.4
Industrials 6.2
Health Care 4.4
Communication Services 3.4
Utilities 3.1

Research

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.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

Back to Top