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GIND - ETF AI Analysis
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Goldman Sachs India Equity ETF (GIND)
Rating:55Neutral
Price Target:―
Positive Factors
Leading Indian Blue-Chip Holdings
The ETF holds several large, well-known Indian companies, which can provide exposure to established businesses in a growing economy.
Broad Sector Diversification Within India
Holdings spread across financials, consumer, technology, materials, health care, and other sectors help reduce the impact if any one industry struggles.
Solid Size for a Single-Country Fund
The fund’s asset base is sizable for a focused India ETF, which can support trading liquidity and ongoing fund operations.
Negative Factors
Recent Weak Performance
The ETF has shown negative returns over the past month, three months, and year to date, indicating recent performance has been weak.
High Concentration in Financial Stocks
A large share of the portfolio is in financial companies, so any downturn in India’s banking and finance sector could hit the fund hard.
Above-Average Expense Ratio
The fund charges a relatively high annual fee, which can eat into long-term returns compared with lower-cost ETFs.
GIND vs. SPDR S&P 500 ETF (SPY)
AUM155.10M
RegionAsia-Pacific
Expense Ratio0.75%
Beta0.54
IssuerGoldman Sachs
Inception DateApr 01, 2025
Dividend YieldN/A
Asset ClassEquity
Index TrackedMSCI India IMI
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume17,112
30 Day Avg. Volume47,424
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
28.88Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering121
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GIND Summary
The Goldman Sachs India Equity ETF (GIND) is an actively managed fund that invests in Indian stocks and follows the MSCI India IMI index as its guide. It owns a wide mix of companies across the Indian market, including big names like ICICI Bank and Infosys, as well as other financial, technology, and consumer businesses. Someone might invest in this ETF to tap into India’s long-term economic growth and to diversify beyond U.S. stocks. A key risk is that it is heavily focused on India, so its value can rise or fall sharply with changes in the Indian economy and stock market.
How much will it cost me?The Goldman Sachs India Equity ETF (GIND) has an expense ratio of 0.75%, which means you’ll pay $7.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed, allowing professionals to adjust the portfolio to capture opportunities in the Indian market.
What would affect this ETF?The Goldman Sachs India Equity ETF (GIND) could benefit from India's strong economic growth, expanding middle class, and increasing digital adoption, which support sectors like financials and technology. However, risks such as regulatory changes, geopolitical tensions, or global economic slowdowns could negatively impact the ETF, especially given its concentrated exposure to the Indian market.
GIND Top 10 Holdings
GIND is leaning heavily into India’s banking engine, with ICICI Bank and Axis Bank doing much of the heavy lifting as their shares have been rising and helping offset weakness elsewhere. Bajaj Finance has also been a bright spot, adding some extra spark from the consumer side. On the flip side, big names like HDFC Bank and Reliance have been losing steam, while Infosys has clearly been lagging, acting as a brake on returns. Overall, this is a pure India play, tilted toward financials with a supporting cast in tech, telecom, and materials.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ICICI Bank Limited | 5.68% | $8.61M | ₹9.27T | 4.17% | 71 Outperform | |
| HDFC Bank Limited | 4.24% | $6.42M | ₹12.84T | -2.56% | 79 Outperform | |
| Reliance Industries Limited | 3.16% | $4.79M | ₹18.83T | 10.70% | 74 Outperform | |
| Infosys Limited | 3.00% | $4.55M | ₹5.18T | -19.71% | 76 Outperform | |
| Mahindra & Mahindra Ltd. | 2.65% | $4.02M | ₹3.94T | 19.56% | 68 Neutral | |
| Axis Bank Limited | 2.56% | $3.88M | ₹3.91T | 24.54% | 76 Outperform | |
| Bajaj Finance Limited | 2.50% | $3.78M | ₹5.56T | 5.20% | 64 Neutral | |
| Bharti Airtel Limited | 2.27% | $3.43M | ₹10.29T | 9.95% | 73 Outperform | |
| Kotak Mahindra Bank Limited | 2.21% | $3.34M | ₹3.81T | -3.29% | ― | |
| Sun Pharmaceutical Industries Limited | 2.07% | $3.13M | ₹4.38T | 8.86% | 73 Outperform |
GIND Technical Analysis
Negative
―
Price Trends
25.29
Negative
25.97
Negative
26.36
Negative
Market Momentum
-0.52
Positive
23.20
Positive
18.46
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For GIND, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 24.79, equal to the 50-day MA of 25.29, and equal to the 200-day MA of 26.36, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 23.20 is Positive, neither overbought nor oversold. The STOCH value of 18.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GIND.
GIND Peer Comparison
Comparison Results
Performance Comparison
GIND
Goldman Sachs India Equity ETF
23.36
-0.84
-3.47%
INDA
iShares MSCI India ETF
―
―
―
SMIN
iShares MSCI India Small Cap ETF
―
―
―
INDY
iShares India 50 ETF
―
―
―
IMVP
Invesco India Etf
―
―
―
NFTY
First Trust India NIFTY 50 Equal Weight ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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