INDA — iShares MSCI India ETF
Single Country - Emerging Ranked #431 of 458 tracked ETFs · Issued by iShares
INDA Price Performance — Growth of $10,000
Value of a $10,000 investment in INDA over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
INDA Drawdown
The "underwater" chart: INDA's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in INDA?
See what a lump sum in INDA would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI India ETF (INDA) is an emerging market single-country fund issued by iShares with $5.83 billion in assets under management. It holds an ETFValuer grade of D, reflecting a score of 35.7 out of 100, and ranks 13th among 22 peers in its category. The fund’s expense ratio of 0.61% sits slightly above the category median of 0.59%, while it offers no dividend yield compared to the median 2.68%. Concentration is notable, with the top 10 holdings comprising 35.1% of assets, led by HDFC BANK LIMITED at 5.9%.
Price action has been weak across most measured horizons, with the fund trading at 12.6% of its 52-week range. Short-term returns show consistent declines, including a 1.90% drop over one day and a 15.97% loss over the past year. This underperformance is stark when compared to the category median 1-year return of +7.84%. Despite the recent negative trend, the 3-year return remains positive at +8.00%. The D grade has remained unchanged over the last 35 tracked days, and price history is available for only 3.0 years.
The fund exhibits a beta of 0.62, indicating it moves less than the broader market, and carries a moderate annualized volatility of 15.74%. A Sharpe ratio of -1.33 suggests that risk-adjusted returns have been negative during the measured period. Maximum drawdowns have reached -22.72%, highlighting significant downside potential. Liquidity is robust, with an average daily volume of 5,209,429 shares supporting trading activity.
AI-generated summary based on the data on this page.
INDA Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | HDFC BANK LIMITED | 5.92% | $400M |
| 2 | RELIANCE INDUSTRIES LIMITED | 5.85% | $394M |
| 3 | ICICI BANK LIMITED | 5.64% | $381M |
| 4 | BHARTI AIRTEL LIMITED | 3.73% | $252M |
| 5 | BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares | 3.03% | $204M |
| 6 | INFOSYS LIMITED | 2.60% | $175M |
| 7 | AXIS BANK LIMITED | 2.18% | $147M |
| 8 | MAHINDRA AND MAHINDRA LIMITED | 2.15% | $145M |
| 9 | LARSEN AND TOUBRO LIMITED | 2.05% | $138M |
| 10 | BAJAJ FINANCE LIMITED | 1.98% | $134M |
Holdings as of 2026-08-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 35.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how INDA's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With INDA
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with INDA's top 10 — INDY overlaps most, holding 8 of the same companies as INDA's top 10 (31.0% of INDA's assets).
| ETF | Name | Shared Companies | INDA Weight | Examples |
|---|---|---|---|---|
| INDY | iShares India 50 ETF | 8 | 31.0% | HDFC BANK LIMITED, ICICI BANK LIMITED, RELIANCE INDUSTRIES LIMITED… |
| SCHE | Schwab Emerging Markets Equity ETF | 2 | 11.8% | HDFC BANK LIMITED, RELIANCE INDUSTRIES LIMITED |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 2 | 11.6% | HDFC BANK LIMITED, ICICI BANK LIMITED |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 1 | 5.9% | HDFC BANK LIMITED |
| VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | 1 | 5.8% | RELIANCE INDUSTRIES LIMITED |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What INDA's Fees Cost You
INDA charges an expense ratio of 0.61% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
INDA Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 5.2M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $5.83B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: INDA is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
INDA Performance History
| Period | Return |
|---|---|
| 1-Day | -1.90% |
| 1-Week | -2.52% |
| 1-Month | -2.31% |
| 3-Month | -4.97% |
| 6-Month | -6.29% |
| YTD | -14.85% |
| 1-Year | -15.97% |
| 3-Year | +8.00% |
How INDA Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #69 | B |
EWT | iShares MSCI Taiwan ETF | +68.72% | 0.59% | $12.3B |
| #92 | B |
EPOL | iShares MSCI Poland ETF | +33.90% | 0.59% | $834M |
| #96 | B |
FLKR | Franklin FTSE South Korea ETF | +75.07% | 0.09% | $1.79B |
| #116 | B |
EWY | iShares MSCI South Korea ETF | +72.90% | 0.59% | $26.2B |
| #153 | B |
EPU | iShares MSCI Peru ETF | +41.56% | 0.59% | $548M |
| #168 | B |
EWZ | iShares MSCI Brazil ETF | +48.19% | 0.59% | $8.64B |
| #191 | B |
GREK | Global X MSCI Greece ETF | +25.16% | 0.56% | $348M |
| #320 | C |
EWW | iShares MSCI Mexico ETF | +18.81% | 0.5% | $1.49B |
| #332 | C |
THD | iShares MSCI Thailand ETF | +23.33% | 0.59% | $420M |
| #385 | D |
EWM | iShares MSCI Malaysia ETF | +8.63% | 0.5% | $288M |
| #389 | D |
ECH | iShares MSCI Chile ETF | +9.65% | 0.59% | $950M |
| #390 | D |
EZA | iShares MSCI South Africa ETF | +7.04% | 0.59% | $474M |
| #431 | D |
INDA | iShares MSCI India ETF | -15.97% | 0.61% | $5.83B |
| #432 | D |
FXI | iShares China Large-Cap ETF | -17.20% | 0.73% | $3.93B |
| #434 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -3.13% | 0.65% | $1.39B |
| #436 | D |
MCHI | iShares MSCI China ETF | -20.79% | 0.59% | $5.99B |
| #438 | F |
VNM | VanEck Vietnam ETF | -5.42% | 0.66% | $489M |
| #444 | F |
KSA | iShares MSCI Saudi Arabia ETF | -14.54% | 0.75% | $588M |
| #447 | F |
GXC | State Street SPDR S&P China ETF | -17.69% | 0.59% | $457M |
| #450 | F |
INDY | iShares India 50 ETF | -17.02% | 0.65% | $498M |
| #453 | F |
KWEB | KraneShares CSI China Internet ETF | -37.79% | 0.69% | $4.50B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -39.05% | 0.59% | $417M |