GIND - ETF AI Analysis
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Goldman Sachs India Equity ETF (GIND)
Rating:57Neutral
Price Target:―
Positive Factors
Focused India Exposure
The ETF is heavily invested in Indian companies, giving investors targeted access to India’s equity market.
Broad Sector Spread Within India
Holdings are spread across many sectors such as financials, consumer, materials, technology, and health care, which helps reduce the impact of weakness in any single industry.
Select Strong Top Holdings
A few of the largest positions, such as ICICI Bank, Axis Bank, and Tata Steel, have shown strong year-to-date performance, helping offset weaker names in the portfolio.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high, which means more of the returns are used to cover fees instead of going to investors.
Recent Weak Overall Performance
The ETF’s year-to-date and three-month performance has been negative, indicating recent returns have been weak.
Concentrated Country and Sector Risk
With almost all assets in India and a large tilt toward financial stocks, the fund is sensitive to downturns in the Indian market and its financial sector.
GIND vs. SPDR S&P 500 ETF (SPY)
AUM158.00M
RegionAsia-Pacific
Expense Ratio0.75%
Beta0.71
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. Volume12,475
30 Day Avg. Volume26,398
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
27.57Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering120
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GIND Summary
GIND is the Goldman Sachs India Equity ETF, which invests in a wide range of Indian stocks and follows the MSCI India IMI index as its guide. It owns companies across many sectors, with a big focus on financials and consumer businesses. Well-known holdings include ICICI Bank and Reliance Industries. Someone might invest in this ETF to tap into India’s long-term economic growth and to diversify beyond U.S. stocks in a single, easy investment. However, it is heavily tied to the Indian stock market, so its price can be quite volatile and can go up and down sharply.
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 drive the fund. Bajaj Finance is more of a mixed story, with strong fundamentals but a choppier stock price. On the other side, big names like Infosys, Reliance, and HDFC Bank have been losing steam this year, acting as a drag. Overall, the ETF is clearly India-focused, with a strong tilt toward financials and a supporting cast from tech, energy, and industrials.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ICICI Bank Limited | 5.69% | $8.90M | ₹9.50T | -7.93% | 71 Outperform | |
| HDFC Bank Limited | 3.78% | $5.91M | ₹12.08T | -17.69% | 79 Outperform | |
| Reliance Industries Limited | 3.10% | $4.85M | ₹17.97T | -0.19% | 74 Outperform | |
| Axis Bank Limited | 2.60% | $4.06M | ₹4.25T | 11.05% | 76 Outperform | |
| Mahindra & Mahindra Ltd. | 2.50% | $3.91M | ₹3.78T | 5.89% | 68 Neutral | |
| Infosys Limited | 2.49% | $3.90M | ₹4.68T | -21.07% | 76 Outperform | |
| Bajaj Finance Limited | 2.48% | $3.87M | ₹5.74T | 1.39% | 64 Neutral | |
| Tata Steel Limited | 2.31% | $3.62M | ₹2.62T | 50.30% | 71 Outperform | |
| Kotak Mahindra Bank Limited | 2.09% | $3.26M | ₹3.69T | -15.34% | ― | |
| Sun Pharmaceutical Industries Limited | 1.94% | $3.04M | ₹3.89T | -5.86% | 73 Outperform |
GIND Technical Analysis
Negative
―
Price Trends
23.61
Positive
24.71
Negative
25.67
Negative
Market Momentum
0.22
Negative
51.54
Neutral
13.38
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 23.70, equal to the 50-day MA of 23.61, and equal to the 200-day MA of 25.67, indicating a neutral trend. The MACD of 0.22 indicates Negative momentum. The RSI at 51.54 is Neutral, neither overbought nor oversold. The STOCH value of 13.38 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
23.82
-2.24
-8.60%
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.
DisclaimerThis 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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