INDE - ETF AI Analysis
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Matthews India Active ETF (INDE)
Rating:57Neutral
Price Target:―
Positive Factors
Strong Recent Quarterly Performance
The ETF has shown strong gains over the most recent three-month period, indicating improving short-term momentum.
Several Strong-Performing Holdings
Key positions like Thangamayil Jewellery, Neuland Laboratories, and Bajaj Finance have delivered strong gains, helping support the fund’s overall results.
Focused Exposure to Indian Market
The fund’s heavy allocation to India gives investors targeted access to a single, fast-growing emerging market economy.
Negative Factors
Weak Year-to-Date Performance
The ETF’s overall performance so far this year has been weak, which may concern investors looking for steadier returns.
Concentration in India
With almost all assets invested in India, the fund is highly sensitive to economic, political, and market risks specific to that country.
Mixed Results Among Top Holdings
Several major holdings such as HDFC Bank, Reliance Industries, and Bharti Airtel have shown weak performance, which has weighed on the fund despite some strong winners.
INDE vs. SPDR S&P 500 ETF (SPY)
AUM17.51M
RegionAsia-Pacific
Expense Ratio0.79%
Beta0.49
IssuerMatthews
Inception DateSep 22, 2023
Dividend Yield1.79%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,177
30 Day Avg. Volume4,591
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 (INDE) is an exchange-traded fund that focuses on the overall Indian stock market, rather than tracking a single index. It is actively managed and invests in many types of Indian companies, from fast-growing tech and online businesses to large, established banks and industrial firms. Well-known holdings include Zomato and HDFC Bank. Someone might invest in this ETF to gain growth-focused exposure to India’s expanding economy and to diversify beyond the U.S. market. A key risk is that it is heavily tied to India, so its value can rise or fall sharply with changes in the Indian economy and stock market.
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
This India-focused ETF leans heavily on homegrown consumer and financial powerhouses, with a few names doing the heavy lifting. Thangamayil Jewellery and Neuland Laboratories are shining bright, with rising share prices helping pull the fund higher. ICICI Bank and Bajaj Finance are also steady contributors, keeping the financial engine humming. On the flip side, HDFC Bank, Reliance Industries, and Axis Bank have been lagging, acting like a bit of a brake on returns. Overall, it’s a concentrated bet on India’s domestic growth story, with virtually all exposure tied to Indian companies.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Zomato Ltd. | 8.42% | $1.51M | ₹2.97T | 2.57% | ― | |
| Thangamayil Jewellery Ltd. | 7.11% | $1.28M | ₹223.15B | 287.81% | 64 Neutral | |
| HDFC Bank Limited | 6.27% | $1.13M | ₹11.33T | -27.26% | 79 Outperform | |
| ICICI Bank Limited | 6.07% | $1.09M | ₹10.24T | -3.93% | 71 Outperform | |
| Neuland Laboratories Ltd. | 3.78% | $678.99K | ₹241.97B | 36.18% | 67 Neutral | |
| Bajaj Finance Limited | 3.77% | $677.47K | ₹6.53T | 19.11% | 64 Neutral | |
| Shriram Finance Limited | 3.36% | $602.52K | ₹2.45T | 63.12% | 67 Neutral | |
| Bharti Airtel Limited | 3.14% | $563.87K | ₹11.86T | -0.82% | 73 Outperform | |
| Reliance Industries Limited | 2.88% | $516.68K | ₹17.16T | -10.58% | 74 Outperform | |
| Axis Bank Limited | 2.40% | $430.69K | ₹3.81T | 14.81% | 76 Outperform |
INDE Technical Analysis
Positive
―
Price Trends
28.49
Positive
27.72
Positive
28.71
Positive
Market Momentum
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 29.34, equal to the 50-day MA of 28.49, and equal to the 200-day MA of 28.71, indicating a bullish 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 Positive sentiment for INDE.
INDE Peer Comparison
Comparison Results
Performance Comparison
INDE
Matthews India Active ETF
29.47
0.89
3.11%
JPY
Lazard Japanese Equity ETF
―
―
―
NDIA
Global X India Active ETF
―
―
―
JAPN
Horizon Kinetics Japan Owner Operator ETF
―
―
―
RAYJ
Rayliant SMDAM Japan Equity 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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