NDIA


India Active ETFActive

Reasons to Consider NDIA

High Growth Potential

Aided by favorable demographics, a market-friendly government, and supply chain diversification, India’s economy grew 6.7% in 2023. Their annual GDP growth is projected to remain above 6% in 2024 and 2025.1

Experienced Portfolio Managers

NDIA’s active approach is supported by a Mumbai-based team of analysts. Our parent company, Mirae Asset, is the largest international asset manager in India, and NDIA leverages this experience in its investment process.2

ETF Efficiency

In a single trade, NDIA delivers access to dozens of Indian stocks across a range of sectors, along with the outperformance potential of active management.

1IMF, Jan 2024
2Korea Economic Daily, Oct 2023

Key Information As of 05/28/24

Inception Date 08/17/23
Total Expense Ratio 0.76%
Net Assets $14.45 million
NAV $29.49
Fact Sheet View the document

ETF Summary

The Global X India Active ETF (NDIA) is an actively managed ETF designed to offer investors direct exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon.

ETF Objective

The Global X India Active ETF (NDIA) seeks to achieve long-term capital growth.

Trading Details As of 05/28/24

Ticker NDIA
Bloomberg IOPV Ticker NDIAIV
CUSIP 37960A552
ISIN US37960A5526
Primary Exchange NYSE Arca
Shares Outstanding 490,000
Number of Holdings 31
30-Day Median Bid-Ask Spread 0.38%

Distributions As of 05/28/24

30-Day SEC Yield 0.31%
Distribution Frequency Semi-Annually

ETF Prices As of 05/28/24

NAV $29.49 Daily Change -$0.18 -0.61%
Market Price $29.48 Daily Change -$0.29 -0.97%

Performance History

As of recent
(03/31/24)
Fund NAV Market Price Benchmark
Year-to-Date 2.68% 3.13% 6.07%
1 Month -0.21% 0.14% 0.81%
3 Months 2.68% 3.13% 6.07%
Since Inception 15.25% 16.29% 21.61%
Year-to-Date 4.11% 3.56% 8.53%
1 Month 1.39% 0.41% 2.32%
3 Months 2.43% 1.57% 5.97%
Since Inception 16.85% 16.77% 24.43%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 05/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.85 RIGD LI RELIANC-GDR 144A B16CYP9 70.00 18,256 1,277,920.00
6.94 IBN ICICI BANK LTD-SPON ADR 2569286 26.80 37,385 1,001,918.00
5.77 LT IN LARSEN & TOUBRO LTD B0166K8 43.98 18,942 833,093.87
5.63 INFY INFOSYS LTD-SP ADR 2398822 17.32 46,974 813,589.68
5.09 HDFCB IN HDFC BANK LIMITED BK1N461 18.40 39,972 735,512.19
4.32 TCS IN TATA CONSULTANCY SVCS LTD B01NPJ1 46.17 13,529 624,577.41
4.10 AXSB IN AXIS BANK LTD BPFJHC7 14.23 41,643 592,480.74
3.82 BHARTI IN BHARTI AIRTEL LTD 6442327 16.48 33,461 551,560.14
3.31 PEPL IN PRESTIGE ESTATES PROJECTS B4T3LF9 18.66 25,652 478,660.51
3.30 DABUR IN DABUR INDIA LTD 6297356 6.86 69,458 476,658.02
3.18 TATA IN TATA STEEL LTD BPQWCZ3 2.10 218,549 459,556.91
3.18 BPCL IN BHARAT PETROLEUM CORP LTD 6099723 7.77 59,083 459,231.57
3.07 UTCEM IN ULTRATECH CEMENT LTD B01GZF6 122.38 3,623 443,373.62
3.01 UNSP IN UNITED SPIRITS LTD BYWFSB7 14.31 30,425 435,344.39
3.00 MSIL IN MARUTI SUZUKI INDIA LTD 6633712 154.11 2,808 432,751.28
2.77 APHS IN APOLLO HOSPITALS 6273583 70.99 5,628 399,519.41
2.61 LICHF IN LIC HOUSING FINANCE LTD 6101026 7.76 48,575 376,914.14
2.56 NTPC IN NTPC LTD B037HF1 4.39 84,218 369,976.49
2.48 TTMT IN TATA MOTORS LTD B611LV1 11.39 31,476 358,576.92
2.47 SBILIFE IN SBI LIFE INSURANCE CO LTD BZ60N32 17.44 20,468 357,000.36
2.17 MOTHERSO IN SAMVARDHANA MOTH 6743990 1.71 183,923 313,996.68
2.10 SUNP IN SUN PHARMACEUTICAL INDUS 6582483 17.61 17,197 302,873.54
2.06 FB IN FEDERAL BANK LTD BFT7KB7 1.92 155,039 298,237.06
2.05 GICRE IN GENERAL INS CORP OF INDIA BZ0XK69 4.30 68,957 296,176.95
2.04 KJC IN KAJARIA CERAMICS LTD BDB5J63 15.44 19,058 294,246.06
2.01 NYKAA IN FSN E-COMMERCE V BP4DCB4 2.00 145,215 289,901.87
1.84 TTAN IN TITAN CO LTD 6139340 40.99 6,467 265,082.76
1.79 CASH 1.00 258,901 258,901.33
1.77 LTIM IN LTIMINDTREE LTD BD6F8V6 58.74 4,341 254,999.58
1.51 ZOMATO IN ZOMATO LTD BL6P210 2.18 99,659 217,587.04
1.50 SHFL IN SHRIRAM FINANCE LTD 6802608 28.78 7,536 216,875.89
0.97 CLIP GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.11 5,568 139,812.48
-1.24 OTHER PAYABLE & RECEIVABLES 1.00 -178,747 -178,747.36
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Sector Weight (%)
Financials 28.1
Information Technology 12.8
Consumer Discretionary 12.3
Energy 11.6
Industrials 7.9
Materials 6.2
Consumer Staples 6.1
Health Care 5.3
Communication Services 3.9
Real Estate 3.3
Utilities 2.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Information Technology Services 18.2
Engineering & Construction 11.2
Motor Vehicles 11.2
Regional Banks 8.2
Wireless Telecommunications 7.4
Oil Refining/Marketing 5.9
Hospital/Nursing Management 5.9
Household/Personal Care 5.8
Construction Materials 5.8
Electric Utilities 5.0
Pharmaceuticals: Major 4.3
Other 11.1

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 05/28/24

Return on Equity 17.20%
Weighted Avg. Market Cap 62,029 M
2023 2024
Price-to-earnings 22.97 21.16
Price-to-book value 3.90 3.43

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. NDIA is non-diversified.

NDIA is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. As an actively managed fund, NDIA does not seek to replicate a specific index. There can be no guarantee that active management strategies and processes will be successful.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.