ETF Evaluator:
iShares MSCI India ETF (INDA)
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(as of Aug 03)
Best Performing in India Equity Over the Last Year
| -1.1% | Matthews India Active ETF (INDE) |
| -3.2% | VanEck India Growth Ldrs ETF (GLIN) |
| -5.1% | Simplify Tara India Opportunities ETF (IOPP) |
| -7.0% | iShares MSCI India Small-Cap ETF (SMIN) |
| -7.5% | WisdomTree India Hedged Equity (INDH) |
Risk
Index
Risk
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ETF Details
iShares MSCI India ETF Overview
iShares MSCI India ETF (INDA) is a passively managed International Equity India Equity exchange-traded fund (ETF). iShares launched the ETF in 2012.
The investment seeks to track the investment results of the MSCI India Index composed of Indian equities.
The fund generally will collectively invest at least 80% of the fund's assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index measures the performance of equity securities of companies whose market capitalization, as calculated by the index provider, represents the large- and mid-capitalization segments of the Indian securities market. The fund is non-diversified.
About iShares MSCI India ETF (INDA)
There are 4 members of the management team with an average tenure of 4.31 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI India NR USD index with a weighting of 100%. iShares MSCI India ETF has 170 securities in its portfolio. The top 10 holdings constitute 35.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares MSCI India ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares MSCI India ETF has 99.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares MSCI India ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $6 billion in total assets, which is above the $730 million average for the India Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
INDA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares MSCI India ETF expense ratio is above average compared to funds in the India Equity category. iShares MSCI India ETF has an expense ratio of 0.61%, which is 12% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares MSCI India ETF has a portfolio turnover rate of 30%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the India Equity category.
Recently, in the month of June 2026, iShares MSCI India ETF returned 1.7%, which earned it a grade of C, as the India Equity category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares MSCI India ETF has a trailing yield of 0.00%, which is below the 0.84% category average.
The fund normally distributes its income semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares MSCI India ETF Grades
Year to date, the ETF has returned -9.1%, 1.2 percentage points worse than the category, which translates into a grade of D. The fund has returned -11.4% over the past year (grade of D), 4.4% over the past three years (grade of D) and 3.6% per year over the past five years (grade of D) and 7.1% per year over the past 10 years (grade of D).
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INDA Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| INDA Return (NAV) | 1.7% | 7.1% | -11.4% | 4.4% | 3.6% | 7.1% |
| INDA Return (Price) | 1.7% | 5.4% | -11.3% | 4.4% | 3.7% | 7.0% |
| NAV +/- Price Return | -0.044% | 1.679% | -0.089% | -0.003% | -0.071% | 0.032% |
| India Equity Avg | 1.9% | 11.4% | -10.3% | 5.8% | 5.0% | 7.3% |
| INDA Grade (NAV) | C | F | D | D | D | D |
| +/- Category (NAV) | -0.2% | -4.2% | -1.1% | -1.3% | -1.4% | -0.2% |
| INDA Tax-Cost Ratio | na | na | 0.0% | 0.1% | 0.5% | 0.4% |
INDA Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| INDA Return (NAV) | -9.1% | 2.5% | 9.0% | 17.5% | -9.4% | 22.4% | 14.7% | 6.6% | -7.4% | 36.2% | -2.2% |
| INDA Return (Price) | -8.6% | 2.7% | 8.6% | 17.2% | -8.9% | 21.5% | 14.8% | 6.5% | -6.7% | 36.1% | -1.6% |
| NAV +/- Price Ret | -0.051% | 0.084% | -0.040% | -0.019% | -0.047% | -0.041% | 0.007% | -1.9% | -10.1% | -0.3% | -26.8% |
| India Equity Avg | -7.9% | 0.7% | 12.4% | 26.7% | -9.8% | 26.5% | 13.6% | -0.2% | -13.5% | 44.0% | 0.8% |
| INDA Grade (NAV) | D | B | F | F | D | D | C | A | B | D | F |
| +/- Category | -1.2% | 1.8% | -3.5% | -9.2% | 0.5% | -4.1% | 1.1% | 6.8% | 6.1% | -7.8% | -3.1% |
| Risk Measures | |
| Beta: | 0.56 |
| R-Squared: | 30% |
| Standard Deviation: | 14.1% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.16 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 6,872 Mil |
| Share Class Assets: | $ 6,872 Mil |
| Turnover: | 30.0% |
| Expense Ratio: | 0.61% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.5 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 6/29/26)
| # of Holdings: | 170 |
| % in Top 10 Holdings: | 35.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | February 2, 2012 |
Expenses and Fees
| Expense Ratio (%): | 0.61% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.69% |
