NDIA - ETF AI Analysis
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Global X India Active ETF (NDIA)
Rating:61Neutral
Price Target:―
Positive Factors
Focused India Exposure
Most of the fund is invested in Indian companies, giving investors targeted access to India’s growth potential.
Broad Sector Diversification
Holdings are spread across financials, consumer, industrial, technology, and other sectors, which helps reduce the impact if any one industry struggles.
Mix of Improving and Steady Top Holdings
Several key positions such as Axis Bank, Titan, NTPC, and UltraTech Cement have shown stronger recent performance, helping offset weaker names in the portfolio.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Weak Year-to-Date Performance
The ETF has delivered negative returns so far this year, reflecting recent challenges in its holdings and market exposure.
Concentration in Financials and India
A large share of assets is in Indian financial stocks and the Indian market overall, increasing risk if that sector or country faces a downturn.
NDIA vs. SPDR S&P 500 ETF (SPY)
AUM54.11M
RegionAsia-Pacific
Expense Ratio0.75%
Beta0.51
IssuerGlobal X
Inception DateAug 17, 2023
Dividend Yield1.23%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume19,965
30 Day Avg. Volume8,772
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
31.18Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering29
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NDIA Summary
The Global X India Active ETF (NDIA) is an actively managed fund that invests across India’s total stock market, aiming to benefit from the country’s long-term economic growth. It holds a mix of large, mid, and small companies in many sectors, with a big focus on financials. Well-known holdings include HDFC Bank and Infosys. Someone might invest in NDIA to add international diversification and tap into the growth potential of India’s economy. However, this ETF can be volatile and may go up or down sharply with changes in the Indian stock market and economy.
How much will it cost me?The Global X India Active ETF (NDIA) has an expense ratio of 0.76%, meaning you’ll pay $7.60 per year for every $1,000 invested. This is higher than average because it is actively managed, which involves more research and adjustments compared to passively managed funds that track an index.
What would affect this ETF?The Global X India Active ETF (NDIA) could benefit from India's strong economic growth, increasing consumer demand, and advancements in technology, which align with its exposure to financial, technology, and consumer sectors. However, potential risks include regulatory changes in India, global economic slowdowns, or rising interest rates, which could negatively impact sectors like financials and real estate. Active management and diversification across sectors may help mitigate some of these risks.
NDIA Top 10 Holdings
NDIA is leaning heavily on India’s big banks, but they’re stumbling right now: HDFC Bank and ICICI Bank are both lagging, which puts a noticeable drag on this financials-heavy fund. Axis Bank is holding up a bit better, but not enough to fully offset the slump. On the brighter side, Apollo Hospitals and NTPC are rising and acting like stabilizers, while Bharti Airtel and Infosys have been more mixed. With all its bets placed in India, the ETF is a pure play on that market’s financial and infrastructure story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| HDFC Bank Limited | 7.86% | $4.31M | ₹11.80T | -20.73% | 79 Outperform | |
| Icici Bank | 7.43% | $4.08M | $94.76B | -24.45% | 63 Neutral | |
| Axis Bank Limited | 5.58% | $3.06M | ₹4.00T | 6.21% | 76 Outperform | |
| Bharti Airtel Limited | 5.17% | $2.83M | ₹11.40T | 2.14% | 73 Outperform | |
| Larsen & Toubro Limited | 4.36% | $2.39M | ₹5.40T | 9.08% | 78 Outperform | |
| Apollo Hospitals Enterprise Limited | 4.26% | $2.34M | ₹1.20T | 18.36% | 66 Neutral | |
| UltraTech Cement Limited | 4.23% | $2.32M | ₹3.41T | -1.41% | 68 Neutral | |
| Infosys | 3.82% | $2.09M | $49.77B | -30.04% | 76 Outperform | |
| NTPC Limited | 3.56% | $1.95M | ₹3.77T | 12.76% | 73 Outperform | |
| Titan Company Limited | 3.41% | $1.87M | ₹3.62T | 14.03% | 69 Neutral |
NDIA Technical Analysis
Neutral
―
Price Trends
26.81
Negative
27.95
Negative
28.61
Negative
Market Momentum
-0.26
Positive
47.50
Neutral
57.74
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For NDIA, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 26.78, equal to the 50-day MA of 26.81, and equal to the 200-day MA of 28.61, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 47.50 is Neutral, neither overbought nor oversold. The STOCH value of 57.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NDIA.
NDIA Peer Comparison
Comparison Results
Performance Comparison
NDIA
Global X India Active ETF
26.61
-2.95
-9.98%
JPY
Lazard Japanese Equity ETF
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RAYJ
Rayliant SMDAM Japan Equity ETF
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JAPN
Horizon Kinetics Japan Owner Operator ETF
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INDE
Matthews India Active ETF
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INDZ
VanEck India Select 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.
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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