INDE - ETF AI Analysis
Top Page
Matthews India Active ETF (INDE)
INDE, the Matthews India Active ETF, has a solid but not outstanding overall rating, mainly supported by strong Indian financial leaders like HDFC Bank, ICICI Bank, Axis Bank, and Reliance Industries, which show robust growth and generally positive technical trends. However, some holdings such as Bajaj Finance face bearish momentum or rich valuations, and several stocks show signs of being overbought, making short-term volatility and valuation risk key factors that may be holding the fund back.
INDE vs. SPDR S&P 500 ETF (SPY)
- AUM
- 17.23M
- Region
- Asia-Pacific
- Expense Ratio
- 0.79%
- Beta
- 0.47
- Issuer
- Matthews
- Inception Date
- Sep 22, 2023
- Dividend Yield
- 1.82%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
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 a mix of fast-growing consumer tech and heavyweight private banks. Zomato has been rising steadily and, as the largest holding, is giving the fund a noticeable lift, while Neuland Laboratories and Ather Energy are sprinting ahead and adding extra spark. On the flip side, HDFC Bank has been losing steam, and Reliance has been more of a drag than a driver lately. Overall, the portfolio is concentrated in Indian financials and growth names, with performance tied closely to the country’s domestic demand story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 IN:ETERNAL | Zomato Ltd. | 10.92% | $1.78M | INR 3.31T | 4.14% | ―― |
 IN:HDFCBANK | HDFC Bank Limited | ― | ― | ― | ― | 79Outperform |
 IN:ICICIBANK | ICICI Bank Limited | 7.94% | $1.29M | INR 10.01T | 2.32% | 71Outperform |
 IN:NEULANDLAB | Neuland Laboratories Ltd. | 4.29% | $698.08K | INR 252.76B | 21.85% | 67Neutral |
 IN:BAJFINANCE | Bajaj Finance Limited | 3.93% | $639.67K | INR 5.85T | -10.72% | 64Neutral |
 IN:BHARTIARTL | Bharti Airtel Limited | 4.16% | $676.68K | INR 12.29T | -4.65% | 73Outperform |
 IN:SHRIRAMFIN | Shriram Finance Limited | 2.28% | $371.33K | INR 1.94T | 11.72% | 67Neutral |
 IN:ATHERENERG | Ather Energy Limited | 2.99% | $486.75K | INR 696.26B | 147.98% | ―― |
 IN:AXISBANK | Axis Bank Limited | 3.34% | $542.75K | INR 3.78T | -1.93% | 76Outperform |
 IN:RELIANCE | Reliance Industries Limited | 2.35% | $381.99K | INR 15.75T | -21.83% | 74Outperform |
INDE Technical Analysis
Price Trends
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 28.88 is above the 20-day moving average (MA) of 28.71, below the 50-day MA of 29.25, and above the 200-day MA of 28.47, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 60.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INDE.
INDE Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| INDE | $28.88 | $31.00(7.35% Upside) | $17.23M | 0.79% | 55Neutral |
 JPY | $37.56 | $47.58(26.69% Upside) | $83.95M | 0.60% | 70Outperform |
 NDIA | $26.60 | $30.61(15.10% Upside) | $50.42M | 0.75% | 60Neutral |
 JAPN | $25.65 | ― | $24.94M | 0.85% | 62Neutral |
 RAYJ | $37.44 | $51.06(36.38% Upside) | $24.35M | 0.72% | 67Neutral |
 INDZ | $23.52 | ― | $5.14M | 0.75% | 64Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| INDE | Matthews India Active ETF | 28.88 | -1.39 | -4.60% | |
| JPY | Lazard Japanese Equity ETF | 37.56 | 5.95 | 18.83% | |
| NDIA | Global X India Active ETF | 26.60 | -3.09 | -10.42% | |
| JAPN | Horizon Kinetics Japan Owner Operator ETF | 25.65 | -1.62 | -5.95% | |
| RAYJ | Rayliant SMDAM Japan Equity ETF | 37.44 | 4.46 | 13.53% | |
| INDZ | VanEck India Select ETF | 23.52 | -1.01 | -4.12% |
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.