GIND - ETF AI Analysis
Top Page
Goldman Sachs India Equity ETF (GIND)
Rating:55Neutral
Price Target:―
Positive Factors
Leading Indian Blue-Chip Holdings
The ETF holds several major Indian companies, including banks and large industrials, which provide exposure to established market leaders.
Strong Performance From Select Top Positions
A few of the largest holdings, such as ICICI Bank, Bajaj Finance, and Sun Pharmaceutical, have shown strong year-to-date performance that helps support the fund.
Focused Exposure to Indian Growth
With almost all assets invested in India, the ETF offers targeted access to the country’s equity market for investors seeking that specific growth story.
Negative Factors
Weak Recent Fund Performance
The ETF’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 top positions, including HDFC Bank, Reliance Industries, Infosys, and others, have shown lagging year-to-date performance, which weighs on the fund.
High Costs Compared With Many ETFs
The expense ratio is relatively high, meaning more of investors’ returns are eaten up by fees each year.
GIND vs. SPDR S&P 500 ETF (SPY)
AUM159.93M
RegionAsia-Pacific
Expense Ratio0.75%
Beta0.69
IssuerGoldman Sachs
Inception DateApr 01, 2025
Dividend Yield0.72%
Asset ClassEquity
Index TrackedMSCI India IMI
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume4,093
30 Day Avg. Volume5,990
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
GIND Summary
The Goldman Sachs India Equity ETF (GIND) is an actively managed fund that invests in a wide range of Indian companies and follows the MSCI India IMI index as its main guide. It holds well-known names like ICICI Bank and Reliance Industries, along with many other large, mid, and smaller firms across different parts of the Indian economy. Someone might invest in GIND to tap into India’s long-term growth and to diversify beyond their home market. However, this ETF can be volatile and may rise or fall sharply with changes in the Indian stock market and economy.
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 on India’s big private banks, with ICICI Bank and Axis Bank still helping the fund thanks to their rising recent trend, even as HDFC Bank has been lagging and acting like a bit of a brake. Reliance Industries has been more mixed, losing some steam over the past few months. On the brighter side, consumer names like Mahindra & Mahindra and especially Zomato have been climbing, adding some growth flair. Overall, it’s a India-only play, dominated by financials with a supporting cast from industrials and consumer stocks.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ICICI Bank Limited | 5.35% | $8.52M | ₹9.56T | -2.52% | 71 Outperform | |
| HDFC Bank Limited | 3.44% | $5.48M | ₹11.25T | -22.15% | 79 Outperform | |
| Reliance Industries Limited | 2.88% | $4.58M | ₹16.50T | -11.01% | 74 Outperform | |
| Mahindra & Mahindra Ltd. | 2.44% | $3.88M | ₹3.69T | -10.77% | 68 Neutral | |
| Axis Bank Limited | 2.42% | $3.85M | ₹3.69T | 5.74% | 76 Outperform | |
| Kotak Mahindra Bank Limited | 2.11% | $3.36M | ₹4.03T | 1.13% | ― | |
| Bajaj Finance Limited | 2.08% | $3.32M | ₹6.12T | 1.02% | 64 Neutral | |
| Zomato Ltd. | 2.04% | $3.25M | ₹3.24T | 4.28% | ― | |
| Sun Pharmaceutical Industries Limited | 1.89% | $3.01M | ₹4.45T | 16.82% | 73 Outperform | |
| Divi's Laboratories Limited | 1.82% | $2.90M | ₹2.55T | 68.88% | 74 Outperform |
GIND Technical Analysis
Negative
―
Price Trends
24.50
Negative
24.11
Negative
24.29
Negative
Market Momentum
-0.16
Positive
41.57
Neutral
14.62
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 24.45, equal to the 50-day MA of 24.50, and equal to the 200-day MA of 24.29, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 41.57 is Neutral, neither overbought nor oversold. The STOCH value of 14.62 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
23.98
-1.72
-6.69%
INDA
iShares MSCI India ETF
―
―
―
FLIN
Franklin FTSE India ETF
―
―
―
SMIN
iShares MSCI India Small Cap ETF
―
―
―
INDY
iShares India 50 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: ―
Table of Contents