SMIN - ETF AI Analysis

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iShares MSCI India Small Cap ETF (SMIN)

Rating:60Neutral

Price Target:―

SMIN, the iShares MSCI India Small Cap ETF, has a solid but not outstanding overall rating, reflecting a mix of strong and weaker small-cap Indian stocks. Standout holdings like National Aluminium, Embassy Office Parks REIT, and Coforge support the fund’s quality with robust financial performance, bullish momentum, and generally reasonable or attractive valuations, while weaker names such as Glenmark Pharmaceuticals, with profitability and liquidity concerns and bearish signals, drag on the score. The main risk is that many holdings show overbought technical signals and/or high valuations, which can make the fund more vulnerable to short-term pullbacks.

Positive Factors

Broad Sector Diversification

The ETF spreads its investments across many sectors like financials, materials, health care, consumer cyclical, and technology, which helps reduce the impact if any one industry struggles.

Focused Exposure to Indian Small Caps

With almost all assets invested in Indian companies, the fund offers targeted access to the growth potential of India’s small-cap market.

Healthy Fund Size

The ETF manages a sizable pool of assets, which can support better liquidity and trading for investors compared with very small niche funds.

Negative Factors

Recent Weak Performance

The fund has shown negative returns over the past month, three months, and year to date, signaling recent weakness in its small-cap holdings.

High Expense Ratio

The ETF charges a relatively high fee, which can eat into long-term returns compared with lower-cost alternatives.

Single-Country Concentration Risk

Because the ETF is almost entirely invested in India, investors are heavily exposed to the economic, political, and currency risks of one country.

SMIN vs. SPDR S&P 500 ETF (SPY)

AUM696.11M

RegionAsia-Pacific

Expense Ratio0.74%

Beta0.51

IssueriShares

Inception DateFeb 08, 2012

Dividend Yield2.11%

Asset ClassEquity

Index TrackedMSCI India Small Cap

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume122,340

30 Day Avg. Volume148,355

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

SMIN Summary

SMIN is the iShares MSCI India Small Cap ETF, which tracks the MSCI India Small Cap Index. It invests in many smaller Indian companies across sectors like finance, healthcare, technology, and materials. Examples of holdings include Federal Bank Ltd. and Glenmark Pharmaceuticals. Someone might invest in SMIN to seek long-term growth from India’s fast-growing economy and to diversify beyond large, well-known global stocks. However, small-cap stocks in a single emerging market like India can be very volatile, so the ETF’s price can rise and fall sharply over time.

How much will it cost me?The iShares MSCI India Small Cap ETF (SMIN) has an expense ratio of 0.75%, meaning you’ll pay $7.50 per year for every $1,000 invested. This is higher than average because it is an actively managed fund focusing on small-cap stocks in India, which require more research and management compared to passively managed funds.

What would affect this ETF?The iShares MSCI India Small Cap ETF (SMIN) could benefit from India's strong economic growth and increasing innovation in sectors like technology and healthcare, which are key areas of exposure for the fund. However, risks include potential regulatory changes in India, global economic uncertainty, and the inherent volatility of small-cap stocks, which can be more sensitive to market fluctuations. Investors should also consider how interest rate changes or inflation could impact sectors like financials and consumer goods within the ETF.

SMIN Top 10 Holdings

SMIN is a pure India small-cap play, and its story right now is about a tug-of-war between surging cyclicals and wobblier financials and health care names. National Aluminium and Multi Commodity Exchange have been the real engines, rising sharply and giving the fund a lift from the materials and financials side. Federal Bank has also been a steady helper. On the flip side, Coforge and KEI Industries are losing steam, while Glenmark and Laurus Labs show mixed, often lagging trends. With all holdings in India and spread across many sectors, no single stock dominates, but sector swings matter a lot.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FEDERALBNK	Federal Bank Ltd. (India)	1.59%	$11.22M	₹708.67B	56.40%	64 Neutral
MFSL	Max Financial Services Limited	1.53%	$10.76M	₹632.89B	75.09%	59 Neutral
COFORGE	Coforge Limited	1.31%	$9.27M	₹460.96B	-12.73%	73 Outperform
EMBASSY	Embassy Office Parks REIT	1.12%	$7.92M	₹414.42B	21.86%	76 Outperform
LAURUSLABS	Laurus Labs Ltd.	1.09%	$7.72M	₹560.21B	90.33%	66 Neutral
GLENMARK	Glenmark Pharmaceuticals Limited	0.95%	$6.69M	₹572.67B	49.75%	53 Neutral
MCX	Multi Commodity Exchange of India Limited	0.88%	$6.20M	₹596.97B	107.79%	72 Outperform
KEI	KEI Industries Limited	0.86%	$6.07M	₹440.79B	22.38%	63 Neutral
NATIONALUM	National Aluminium Co. Ltd.	0.86%	$6.04M	₹631.80B	76.24%	81 Outperform
BLUESTARCO	Blue Star Limited	0.81%	$5.72M	₹414.91B	3.02%	67 Neutral

SMIN Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

67.96

Negative

100DMA

69.80

Negative

200DMA

71.26

Negative

Market Momentum

MACD

0.01

Negative

RSI

44.48

Neutral

STOCH

32.49

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMIN, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 66.96, equal to the 50-day MA of 67.96, and equal to the 200-day MA of 71.26, indicating a bearish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 32.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMIN.

SMIN Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
SMIN	―	―	$696.11M	0.74%	―
INDA	―	―	$9.31B	0.61%	―
INDY	―	―	$642.74M	0.65%	―
PIN	―	―	$179.80M	0.78%	―
GIND	―	―	$165.75M	0.75%	―
NFTY	―	―	$164.29M	0.80%	―

Performance Comparison

SMIN

iShares MSCI India Small Cap ETF

66.72

3.02

4.74%

INDA

iShares MSCI India ETF

―

INDY

iShares India 50 ETF

―

Invesco India ETF

―

GIND

Goldman Sachs India Equity 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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