NDIA - ETF AI Analysis
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Global X India Active ETF (NDIA)
Rating:62Neutral
Price Target:―
Positive Factors
Mix of Strong and Steady Top Holdings
Several major positions, such as Apollo Hospitals and Titan, have shown strong or steady performance, helping support the fund despite broader weakness.
Focused Exposure to Indian Growth
The ETF is heavily invested in India, giving investors targeted access to the country’s long-term economic growth potential.
Meaningful Financial Sector Presence
Significant holdings in leading Indian banks and financial companies provide exposure to a key part of the country’s expanding economy.
Negative Factors
Recent Weak Overall Performance
The fund’s returns over the past month, three months, and year to date have been negative, indicating recent performance has been weak.
Underperforming Key Holdings
Several large positions, including HDFC Bank and Infosys, have shown lagging performance, which has weighed on the ETF’s results.
Relatively High Expense Ratio
The fund charges a higher fee than many broad-market ETFs, which can reduce investors’ net returns over time.
NDIA vs. SPDR S&P 500 ETF (SPY)
AUM57.43M
RegionAsia-Pacific
Expense Ratio0.75%
Beta0.50
IssuerGlobal X
Inception DateAug 17, 2023
Dividend Yield1.22%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,101
30 Day Avg. Volume15,024
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
30.04Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering29
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NDIA Summary
Global X India Active ETF (NDIA) is an actively managed fund that focuses on India’s total stock market, aiming to tap into the country’s long-term growth. It invests in a wide mix of Indian companies, including major banks like ICICI Bank and HDFC Bank, telecom giant Bharti Airtel, and tech firm Infosys. This ETF may appeal to investors who want international diversification and believe India’s economy will keep expanding over time. However, it is heavily tied to the Indian market, so its value can rise or fall sharply with changes in India’s economy and stock market.
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, with Axis Bank emerging as a key engine of recent gains while ICICI and especially HDFC Bank look more like steady giants that have lost a bit of spark this year. Outside finance, Larsen & Toubro and Titan are helping power the fund, riding India’s infrastructure and consumer stories, and Apollo Hospitals has been a quiet bright spot in health care. On the flip side, Infosys has been dragging performance, showing that this India-focused ETF isn’t just a banking bet but still very much tied to the country’s broader market mood.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Icici Bank | 8.33% | $4.81M | $106.74B | -14.63% | 63 Neutral | |
| HDFC Bank Limited | 7.60% | $4.38M | ₹11.60T | -25.72% | 79 Outperform | |
| Bharti Airtel Limited | 6.10% | $3.52M | ₹12.16T | -0.28% | 73 Outperform | |
| Axis Bank Limited | 5.32% | $3.07M | ₹3.86T | 13.19% | 76 Outperform | |
| Apollo Hospitals Enterprise Limited | 4.17% | $2.41M | ₹1.29T | 21.36% | 66 Neutral | |
| Larsen & Toubro Limited | 4.14% | $2.39M | ₹5.25T | 9.07% | 78 Outperform | |
| UltraTech Cement Limited | 4.13% | $2.38M | ₹3.50T | -3.17% | 68 Neutral | |
| Titan Company Limited | 3.74% | $2.16M | ₹4.18T | 34.82% | 69 Neutral | |
| United Spirits Limited | 3.60% | $2.08M | ₹1.02T | 6.24% | 73 Outperform | |
| Infosys | 3.38% | $1.95M | $44.07B | -39.65% | 76 Outperform |
NDIA Technical Analysis
Negative
―
Price Trends
26.72
Negative
26.88
Negative
28.17
Negative
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For NDIA, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 27.08, equal to the 50-day MA of 26.72, and equal to the 200-day MA of 28.17, indicating a bearish trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NDIA.
NDIA Peer Comparison
Comparison Results
Performance Comparison
NDIA
Global X India Active ETF
26.70
-2.33
-8.03%
JPY
Lazard Japanese Equity ETF
―
―
―
JAPN
Horizon Kinetics Japan Owner Operator ETF
―
―
―
RAYJ
Rayliant SMDAM Japan Equity ETF
―
―
―
INDE
Matthews India Active ETF
―
―
―
INDZ
VanEck India Select 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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