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NDIA - India Nifty 50 ETF

Dona Ferentes

A little bit OC⚡DC
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11 January 2016
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India Nifty 50 ETF - NDIA ; This ETF offering is from the GlobalX provider and has been available on the ASX since June 2019. Smaller than the other indian ETF IIND, it has $32 million in assets under management. As its name implies, it looks to access to 50 of the largest and most liquid publicly traded companies in India, spanning a range of economic sectors.

Management costs are 0.69%pa and distributions made at least once annually. The PDS, Fact sheets and other relevant information can be found at the website
https://www.globalxetfs.com.au/funds/ndia/

Returns are similar to the IIND fund, running at about 10%pa since inception and below the 13% index for comparison. The mix of holdings and sectoral allocations are somewhat different, though many names in the ETFs are common to both.
Sector .....
…. Weight %
Financials37.3
Information Technology14.0
Energy12.9
Consumer Staples8.8
Consumer Discretionary7.3
Materials6.8
Industrials5.2
Health Care3.9
Communication Services2.5
Utilities2.0


Top 10 holdings in NDIA

Net Assets (%)
Name
SEDOL
Market Price (Local)
Shares Held
Market Value (A$)
11.23RELIANCE INDS60996262,606.6072,2733,519,775
8.29HDFC BANK LTDBK1N4611,508.8092,1712,598,306
7.98ICICI BANK LTDBSZ2BY7917.50145,9442,501,824
6.89INFOSYS LTD62051221,507.4576,6812,159,708
5.68HOUSING DEV FIN61719002,507.4037,9881,779,649
4.14TATA CONSULTANCYB01NPJ13,233.7021,4611,296,624
3.89ITC LTDB0JGGP5353.50184,4021,217,922
3.45KOTAK MAHINDRA61356611,882.6030,7781,082,587
3.05LARSEN & TOUBROB0166K82,017.6525,313954,232
2.94STATE BANK INDBSQCB24614.1580,384922,377
 
I have rarely had such contentment from a stock discussed on ASF this year.

From an ETF discussion on Nifty Fifty of which the link is lost to me

Anyways I believe it has a ways to go.


ndia.png

gg
 
i have invested in IIND , ASIA , PAI and ( now called ) EAFZ to get exposure to India

it will be interesting to watch if Indian exposure gets hammered in the next mass liquidation event , or it becomes a minor 'safe haven ' , after all it is a of the few logical growth areas with large cap. companies
 
I have rarely had such contentment from a stock discussed on ASF this year.

From an ETF discussion on Nifty Fifty of which the link is lost to me

Anyways I believe it has a ways to go.


View attachment 162313

gg
I have rarely had such contentment from a slowly increasing in value stock/ETF.

A 25% gain. ( and a 50% gain in 3 years ) on the chart.

India is a "no sweat" place to invest atm. from what I hear with a growing young population despite what I see when I fill my car up. It is said to be about to take over from China soon in GDP. It looks good chartwise. 0.69% cost pa for the ETF.

@Dona Ferentes will know whether it is the best exposure to the Nifty Fifty. It suits me.

ndia.png



gg
 
I have rarely had such contentment from a slowly increasing in value stock/ETF.

A 25% gain. ( and a 50% gain in 3 years ) on the chart.

India is a "no sweat" place to invest atm. from what I hear with a growing young population despite what I see when I fill my car up. It is said to be about to take over from China soon in GDP. It looks good chartwise. 0.69% cost pa for the ETF.

@Dona Ferentes will know whether it is the best exposure to the Nifty Fifty. It suits me.

View attachment 174611


gg
am not sure India is 'no sweat ' but certainly less dramas than some other large nations , but there are so other nations in that region that also might be worth considering , just harder to access financially ( in Australia )
 
I have rarely had such contentment from a slowly increasing in value stock/ETF.

A 25% gain. ( and a 50% gain in 3 years ) on the chart.

India is a "no sweat" place to invest atm. from what I hear with a growing young population despite what I see when I fill my car up. It is said to be about to take over from China soon in GDP. It looks good chartwise. 0.69% cost pa for the ETF.

@Dona Ferentes will know whether it is the best exposure to the Nifty Fifty. It suits me.

View attachment 174611


gg
Have a look at IAA ETF as well; 11% in the last 3 months..
 
For those who have chosen one of the Indian stock ETF's such as NDIA the recent elections in India where Mr. Modi did not poll as well as expected may be a cause for pause.

Congress, the party of the Gandhi gang, did better than expected and they and other regional parties may put a brake on some of Mr. Modi's more outrageous godbothering schemes.

Both the far left wing press such as our ABC and the far right wing press such as the UK Telegraph have the vapours this morning over the result. It is always a good sign when this happens as neither extremity have broad support outside their own constituencies and the centrist opinion will prevail.

It is my belief that it will all be for the better as Modi was starting to believe in the superiority of his own particular god and from experience on the sub-continent this has always led to mass murder and mayhem. Significant in the result was the heft of the youth vote which prefers ham over Ram.

Personally I'm hoping for a reasonable under 10% fall in NDIA's sp as I would like to add, or perhaps look at one of the other Indian ETF's.

gg
 
For those who have chosen one of the Indian stock ETF's such as NDIA the recent elections in India where Mr. Modi did not poll as well as expected may be a cause for pause.

Congress, the party of the Gandhi gang, did better than expected and they and other regional parties may put a brake on some of Mr. Modi's more outrageous godbothering schemes.

Both the far left wing press such as our ABC and the far right wing press such as the UK Telegraph have the vapours this morning over the result. It is always a good sign when this happens as neither extremity have broad support outside their own constituencies and the centrist opinion will prevail.

It is my belief that it will all be for the better as Modi was starting to believe in the superiority of his own particular god and from experience on the sub-continent this has always led to mass murder and mayhem. Significant in the result was the heft of the youth vote which prefers ham over Ram.

Personally I'm hoping for a reasonable under 10% fall in NDIA's sp as I would like to add, or perhaps look at one of the other Indian ETF's.

gg
There you go. NDIA is up 1.48% today. It looks like I won't be adding atm.

gg
 
The problem is that large cap Indian stocks are overvalued. I would rather buy large cap South Korean stocks.


Based on the above link (albeit the data is a few months old) based on the price book ratio of various stock Markets South Korea, Chile, Brazil, Japan, Italy, Poland, Singapore, Thailand and Argentina are looking attractive. China also but that has hot up since a few months ago so less attractive now.

The South Korean stock market (the KOSPI) looks to be the most undervalued in the world. Here you have a first world country with a stock market trading below book value. Bargains should abound especially in the small to mid cap stocks in South Korea.
 
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