INDY - ETF AI Analysis
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iShares India 50 ETF (INDY)
INDY, the iShares India 50 ETF, reflects solid overall quality driven mainly by large positions in strong Indian banks like HDFC Bank and ICICI Bank, which show robust financial performance and supportive technical trends. Additional strength comes from major names such as Reliance Industries, Larsen & Toubro, and Infosys, all showing healthy fundamentals and generally positive market signals, though some face valuation and overbought concerns. The main risk factor is the fund’s heavy concentration in Indian financials and a few large companies, and weaker momentum and higher valuation in holdings like Bajaj Finance can modestly weigh on the rating.
INDY vs. SPDR S&P 500 ETF (SPY)
- AUM
- 496.52M
- Region
- Asia-Pacific
- Expense Ratio
- 0.65%
- Beta
- 0.46
- Issuer
- iShares
- Inception Date
- Nov 18, 2009
- Dividend Yield
- 9.87%
- Asset Class
- Equity
- Index Tracked
- Nifty 50
INDY Summary
INDY is the iShares India 50 ETF, which follows the Nifty 50 index, a group of the 50 largest and most important companies in India. It includes major names like HDFC Bank, Reliance Industries, and Infosys, giving investors a simple way to invest in India’s growth story without picking individual stocks. Someone might consider INDY to add international diversification and potential long-term growth from India’s expanding economy. However, this ETF is heavily focused on Indian stocks, so its price can move up or down sharply with changes in India’s market and economy.
How much will it cost me?
INDY has an annual expense ratio of 0.65%, which means you’ll pay about $6.50 per year for every $1,000 you invest. This cost is higher than the average ETF because it focuses on a more specialized market (large Indian stocks) and is passively managed but in a narrower, international niche.
What would affect this ETF?
INDY could benefit if India’s economy continues to grow, especially if lower interest rates, rising consumer demand, and supportive government policies help large banks, industrials, and companies like Reliance and Infosys expand profits. On the downside, higher global or local interest rates, slower economic growth in India, currency swings, or tighter regulations on big banks and major corporates could hurt the fund’s performance since it is heavily focused on India’s largest companies.
INDY Top 10 Holdings
INDY is essentially a bet on India’s big banks and industrial heavyweights, with financials like HDFC Bank, ICICI Bank, and State Bank of India steering the ship. Lately, these lenders have been lagging, which has taken some wind out of the fund’s sails. Reliance Industries and Larsen & Toubro, key players in energy and infrastructure, have also seen mixed to weaker momentum, adding to the drag. Infosys, a major tech name, is losing steam as well. With all holdings rooted in India, the ETF offers pure-play exposure to the country’s large-cap story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 IN:HDFCBANK | HDFC Bank Limited | 10.04% | $49.84M | INR 10.58T | -31.65% | 79Outperform |
 IN:ICICIBANK | ICICI Bank Limited | 9.33% | $46.30M | INR 9.87T | 0.81% | 71Outperform |
 IN:RELIANCE | Reliance Industries Limited | 7.41% | $36.76M | INR 15.68T | -22.10% | 74Outperform |
 IN:BHARTIARTL | Bharti Airtel Limited | 5.68% | $28.19M | INR 12.16T | -6.72% | 73Outperform |
 IN:LT | Larsen & Toubro Limited | 4.26% | $21.16M | INR 5.24T | -4.22% | 78Outperform |
 IN:INFY | Infosys Limited | 3.78% | $18.77M | INR 4.56T | -25.15% | 76Outperform |
 IN:SBIN | State Bank of India | 3.79% | $18.82M | INR 8.83T | 2.85% | 76Outperform |
 IN:AXISBANK | Axis Bank Limited | 3.40% | $16.88M | INR 3.80T | -2.06% | 76Outperform |
 IN:KOTAKBANK | Kotak Mahindra Bank Limited | 3.07% | $15.25M | INR 4.38T | 1.84% | ―― |
 IN:TCS | Tata Consultancy Services Limited | 2.40% | $11.93M | INR 8.89T | -19.59% | 80Outperform |
INDY Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For INDY, the sentiment is Negative. The current price of 41.47 is above the 20-day moving average (MA) of 41.32, below the 50-day MA of 42.17, and below the 200-day MA of 43.68, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 47.24 is Neutral, neither overbought nor oversold. The STOCH value of 15.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INDY.
INDY Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| INDY | $41.47 | $43.00(3.69% Upside) | $496.52M | 0.65% | 67Neutral |
 INDA | $46.79 | $56.59(20.95% Upside) | $5.75B | 0.61% | 66Neutral |
 SMIN | $66.81 | ― | $675.02M | 0.74% | 58Neutral |
 GIND | $23.26 | ― | $155.78M | 0.75% | 56Neutral |
 NFTY | $51.26 | $60.87(18.76% Upside) | $100.44M | 0.80% | 64Neutral |
 INDH | $37.02 | $45.47(22.81% Upside) | $5.59M | 0.64% | 67Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| INDY | iShares India 50 ETF | 41.47 | -7.35 | -15.05% | |
| INDA | iShares MSCI India ETF | 46.79 | -7.18 | -13.30% | |
| SMIN | iShares MSCI India Small Cap ETF | 66.81 | -5.41 | -7.49% | |
| GIND | Goldman Sachs India Equity ETF | 23.25 | -3.50 | -13.08% | |
| NFTY | First Trust India NIFTY 50 Equal Weight ETF | 51.26 | -6.42 | -11.14% | |
| INDH | WisdomTree India Hedged Equity Fund | 37.02 | -4.84 | -11.56% |
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.