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INDE - ETF AI Analysis
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Matthews India Active ETF (INDE)
Rating:62Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as Bajaj Finance and Bharti Airtel, have delivered strong year-to-date performance, supporting the fund’s overall returns.
Sector Diversification
The ETF is spread across multiple sectors, including financials, consumer cyclical, and technology, reducing reliance on any single industry.
Focused Geographic Exposure
The fund’s heavy focus on India allows investors to tap into the growth potential of one of the world’s fastest-growing economies.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio compared to passive funds, which can eat into investor returns over time.
Underperforming Holding
Swiggy Limited, one of the top holdings, has shown negative year-to-date performance, which may drag on the fund’s overall results.
Geographic Concentration Risk
With nearly all assets invested in India, the fund is highly exposed to risks specific to the Indian market, such as political or economic instability.
INDE vs. SPDR S&P 500 ETF (SPY)
AUM9.60M
RegionAsia-Pacific
Expense Ratio0.79%
Beta0.38
IssuerMatthews
Inception DateSep 22, 2023
Dividend Yield1.76%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume616
30 Day Avg. Volume876
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
INDE Summary
The Matthews India Active ETF (Ticker: INDE) is an investment fund that focuses on companies in India, offering exposure to one of the fastest-growing economies in the world. It includes a mix of businesses across different sectors, such as financials, technology, and consumer goods. Some well-known companies in this ETF are HDFC Bank and Zomato. Investors might consider INDE to diversify their portfolio and tap into the potential growth of emerging markets like India. However, it’s important to know that the ETF’s performance is closely tied to the Indian economy, which can be volatile and influenced by local and global factors.
How much will it cost me?The Matthews India Active ETF (Ticker: INDE) has an expense ratio of 0.79%, meaning you’ll pay $7.90 per year for every $1,000 invested. This is higher than average because it is actively managed, which involves more research and decision-making compared to passively managed ETFs that track an index.
What would affect this ETF?The Matthews India Active ETF could benefit from India's strong economic growth, rising consumer demand, and advancements in technology, particularly given its exposure to financial and consumer sectors. However, potential risks include regulatory changes, geopolitical tensions, or global economic slowdowns that could impact India's market performance. Additionally, fluctuations in interest rates or inflation could affect key holdings like HDFC Bank and ICICI Bank.
INDE Top 10 Holdings
The Matthews India Active ETF is leaning heavily into India's financial sector, with names like HDFC Bank and ICICI Bank playing pivotal roles. While HDFC Bank has shown steady gains year-to-date, recent performance has been mixed, and ICICI Bank is facing similar short-term challenges. On the brighter side, Thangamayil Jewellery is shining with strong momentum, emerging as a standout performer. However, tech exposure, including Infosys, has been a drag, with the stock struggling to find its footing this year. The fund’s focus on India’s diverse economy offers broad exposure, but financials clearly dominate the narrative.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| HDFC Bank Limited | 7.41% | $729.02K | ₹14.44T | 13.29% | 79 Outperform | |
| Zomato Ltd. | 6.22% | $612.53K | ₹2.74T | 17.04% | ― | |
| ICICI Bank Limited | 5.29% | $520.63K | ₹10.04T | 12.41% | 71 Outperform | |
| Thangamayil Jewellery Ltd. | 5.07% | $499.30K | ₹112.01B | 95.70% | 64 Neutral | |
| Swiggy Limited | 4.24% | $417.21K | ₹970.80B | -28.48% | 45 Neutral | |
| Bajaj Finance Limited | 3.84% | $378.25K | ₹5.98T | 31.99% | 64 Neutral | |
| Shriram Finance Limited | 3.81% | $375.21K | ₹1.83T | 83.31% | 67 Neutral | |
| Infosys Limited | 3.55% | $349.39K | ₹6.71T | -17.90% | 76 Outperform | |
| Reliance Industries Limited | 3.46% | $340.87K | ₹19.96T | 18.75% | 74 Outperform | |
| Bharti Airtel Limited | 3.23% | $317.49K | ₹11.55T | 25.52% | 73 Outperform |
INDE Technical Analysis
Positive
―
Price Trends
30.11
Negative
29.87
Positive
29.20
Positive
Market Momentum
>-0.01
Negative
49.76
Neutral
56.24
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For INDE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 29.92, equal to the 50-day MA of 30.11, and equal to the 200-day MA of 29.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 56.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INDE.
INDE Peer Comparison
Comparison Results
Performance Comparison
INDE
Matthews India Active ETF
29.99
2.48
9.01%
JPY
Lazard Japanese Equity ETF
―
―
―
NDIA
Global X India Active ETF
―
―
―
JAPN
Horizon Kinetics Japan Owner Operator ETF
―
―
―
RAYJ
Rayliant SMDAM Japan Equity ETF
―
―
―
JPAN
Matthews Japan Active ETF
―
―
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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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