NDIA - India Nifty 50 ETF

[Dona Ferentes]

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 %
	Financials	37.3
	Information Technology	14.0
	Energy	12.9
	Consumer Staples	8.8
	Consumer Discretionary	7.3
	Materials	6.8
	Industrials	5.2
	Health Care	3.9
	Communication Services	2.5
	Utilities	2.0

Top 10 holdings in NDIA

Net Assets (%)​	Name​	SEDOL​	Market Price (Local)​	Shares Held​	Market Value (A$)​
11.23	RELIANCE INDS	6099626	2,606.60	72,273	3,519,775
8.29	HDFC BANK LTD	BK1N461	1,508.80	92,171	2,598,306
7.98	ICICI BANK LTD	BSZ2BY7	917.50	145,944	2,501,824
6.89	INFOSYS LTD	6205122	1,507.45	76,681	2,159,708
5.68	HOUSING DEV FIN	6171900	2,507.40	37,988	1,779,649
4.14	TATA CONSULTANCY	B01NPJ1	3,233.70	21,461	1,296,624
3.89	ITC LTD	B0JGGP5	353.50	184,402	1,217,922
3.45	KOTAK MAHINDRA	6135661	1,882.60	30,778	1,082,587
3.05	LARSEN & TOUBRO	B0166K8	2,017.65	25,313	954,232
2.94	STATE BANK IND	BSQCB24	614.15	80,384	922,377

 

[Garpal Gumnut]

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.




gg

 

[divs4ever]

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

 

[Garpal Gumnut]

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.

gg

 

[divs4ever]

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 )

 

[qldfrog]

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..

 

[Garpal Gumnut]

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

 

[Garpal Gumnut]

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

 

[Value Hunter]

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

Where you’ll find the cheapest and most expensive stock markets in the world

Find out what regional stock markets look cheap or expensive and learn from our experts about investing opportunities and risks around the world.

www.invesco.com

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.

 

[Garpal Gumnut]

Jane Street a large US based outfit using complex algorithms to profit on the Nifty Fifty has been barred from trading in India and is incurring substantial fines. The charges are market manipulation using futures and other derivatives to profit from the banking sector. The charges and penalties thus far are serious, significant and could affect Jane Street's business model.

I hold NDIA which has been very good to me and I was concerned should it be caught up in this kerfuffle so I did a duckduck search and AI ASSIST on that search platform asking.

Is there any connection between Jane Street and the Asx stock Ndia?

Below is the answer.

As of my last update, there is no direct connection between Jane Street Group and the ASX-listed stock NDIA (Global X India Nifty 50 ETF). Jane Street Group is a proprietary trading firm known for its market-making activities, while the Global X India Nifty 50 ETF (NDIA) is an exchange-traded fund that tracks the performance of the Nifty 50 Index, which represents the 50 largest and most liquid Indian companies.

However, Jane Street Group has been involved in market-making activities for various ETFs, including those listed on the ASX. Market makers like Jane Street provide liquidity to the market by buying and selling securities, which can include ETFs like NDIA. This role helps ensure that there is a market for these securities, making it easier for investors to buy and sell them.

If you are looking for the most current information or specific details about any recent developments or connections, I recommend checking the latest financial news or official statements from Jane Street Group and the ASX.

gg

 

[Garpal Gumnut]

I bought this India ETF 2-3 years and luck was with me, it took off. However over the last 12mo. the chart has been quite bumpy bumpy as that person from Cambodia or Laos who doesn't like Australia would describe it. Are there any old India hands with knowledge on that fascinating sub continent.

I do like a good curry. A chart. A 3yr.

The RSI seems to be at variance with the consolidation. I do hope it doesn't break down past $72, I've quite enjoyed having a bite at the Nifty.

gg