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NDIA

$60.93-0.72%India8/100
Fund Page ↗

Global X India Nifty 50 ETF · Global X

Data as at 29 March 2026

TL;DR

Tracks India's 50 largest listed companies on the National Stock Exchange — HDFC Bank, Reliance Industries, Infosys, and the other businesses driving the world's fifth-largest economy.

MER (Annual Fee)
0.69%
#1 lowest in India
1Y Return
-16.3%
3Y Return (p.a.)
+2.3%
Dividend Yield
-
Non-distributing
AUM
$320M
Assets under management
Avg Daily Turnover
$206K
Avg shares × unit price
Unit Price
$60.93
As at 29 March 2026
Provider
Global X
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Strategy

Follows the Nifty 50 Index, India's primary benchmark. Managed by Mirae Asset at 0.69% per year. Market-cap weighted, so HDFC Bank and Reliance Industries are the largest individual holdings.

Top Holdings

HDFC Bank
13.2%
Reliance Industries
9.8%
Infosys
7.5%
ICICI Bank
7.2%
TCS
6.8%
Bharti Airtel
5.5%
Kotak Mahindra
4.8%
L&T
4.5%
Key Fact

India became the world's fourth-largest stock market by market capitalisation in 2024, surpassing Hong Kong. India's economy overtook the UK in 2022 and is projected to be the third-largest globally by 2030.

Suited for

Investors wanting straightforward exposure to India's 50 largest companies at a lower fee than IIND (0.69% versus 0.80%). The Nifty 50 is the Indian equivalent of the ASX 50 or the S&P 100.

Risks

HDFC Bank alone represents 13% of the fund. India's equity market experiences significant volatility at times. The Indian rupee adds currency risk to the AUD-denominated return.

NDIA Comparisons

ETFCheck Score8/100
Fees (40%)0
Fund Size (25%)30
Liquidity (20%)1
Yield (15%)0
How scores are calculated →
Other India ETFs
IIND
0.80% MER
30View all India ETFs →

Frequently Asked Questions - NDIA

Is NDIA effectively the S&P 500 equivalent for gaining Indian market exposure on the ASX?+
Yes, NDIA tracks the Nifty 50 Index, which represents India's 50 largest companies covering approximately 65% of total Indian market capitalisation - structurally similar to how the S&P 500 represents the US market. Holdings include Reliance Industries, HDFC Bank, and Infosys. For Australian investors wanting broad, passive Indian equity exposure without factor tilts, NDIA offers the most straightforward and recognisable benchmark approach available on the ASX.
How does NDIA's 0.82% yield compare to IIND and what drives the difference?+
NDIA's 0.82% trailing yield is notably higher than IIND's 0.35%, primarily because the Nifty 50 includes high-dividend-paying financials and energy companies like Coal India and Power Grid that IIND's quality filter may underweight. However, both yields are low by Australian income standards and distributions are unfranked foreign income. SMSF investors focused on income generation would find neither fund suitable as a core income holding compared to Australian options like VAS or VHY.
What risks should Australian investors consider with NDIA beyond standard equity volatility?+
Beyond market risk, NDIA carries Indian regulatory risk including potential capital controls, sectoral FDI restrictions, and sudden policy changes like India's 2016 demonetisation. Currency risk from AUD/INR fluctuations directly impacts unhedged returns. Additionally, India's market can experience sharp drawdowns during global risk-off events despite strong domestic fundamentals. Australian investors should treat NDIA as a satellite allocation - typically 3-7% of a diversified portfolio - rather than a core holding.
Why has NDIA underperformed IIND over the past year despite tracking India's flagship index?+
NDIA's 16.2% one-year return trails IIND's 18.4% because the Nifty 50 includes all large-caps regardless of quality, capturing some underperformers with weaker balance sheets or governance issues. IIND's quality screen filters for high ROE and low leverage, naturally overweighting India's strongest businesses during periods of earnings growth. The performance gap illustrates how factor-based approaches can add value in emerging markets where corporate quality varies significantly across even the largest listed companies.