ETF Evaluator:
Global X India Active ETF ()
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(as of Aug 26)
Best Performing in India Equity Over the Last Year
| 3.1% | VanEck India Growth Ldrs ETF (GLIN) |
| 1.7% | Matthews India Active ETF (INDE) |
| -0.8% | Simplify Tara India Opportunities ETF (IOPP) |
| -1.6% | First Trust India NIFTY 50 Equal Wtd ETF (NFTY) |
| -2.0% | Columbia India Consumer ETF (INCO) |
Risk
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Risk
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ETF Details
Global X India Active ETF Overview
Global X India Active ETF (NDIA) is an actively managed International Equity India Equity exchange-traded fund (ETF). Global X Funds launched the ETF in 2023.
The investment seeks to achieve long-term capital growth.
The fund is an actively managed exchange traded fund (“ETF”) advised by Global X Management Company LLC (the “Adviser”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in India; and/or (ii) that are tied economically to India. The fund is non-diversified.
About Global X India Active ETF (NDIA)
There are 2 members of the management team with an average tenure of 2.96 years: William Dorson (2023) and Paul Dmitriev (2023). 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%. Global X India Active ETF has 33 securities in its portfolio. The top 10 holdings constitute 54.1% 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.
Global X India Active ETF is part of the Equity global asset class and is within the International Equity ETF group. Global X India Active ETF has 99.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.4% 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). Global X India Active ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $59 million in total assets, which is below the $708 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.
NDIA 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 Global X India Active ETF expense ratio is above average compared to funds in the India Equity category. Global X India Active ETF has an expense ratio of 0.75%, which is 9% higher than its category average, making the fund expense ratio grade a C. 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. Global X India Active ETF has a portfolio turnover rate of 20%, 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 July 2026, Global X India Active ETF returned 1.0%, which earned it a grade of D, as the India Equity category had an average return of 1.6%. 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.
Global X India Active ETF has a trailing yield of 1.18%, which is above the 0.82% category average.
The fund normally distributes its income semi-annually and its capital gains 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.
Global X India Active ETF Grades
Year to date, the ETF has returned -7.1%, 0.7 percentage points worse than the category, which translates into a grade of C. The fund has returned -3.8% over the past year (grade of C).
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NDIA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NDIA Return (NAV) | 1.0% | 2.4% | -3.8% | na | na | na |
| NDIA Return (Price) | 0.7% | 0.5% | -4.1% | na | na | na |
| NAV +/- Price Return | 0.291% | 1.951% | 0.326% | na | na | na |
| India Equity Avg | 1.6% | 3.3% | -4.7% | 5.3% | 4.9% | 6.8% |
| NDIA Grade (NAV) | D | C | C | na | na | na |
| +/- Category (NAV) | -0.6% | -0.9% | 0.9% | na | na | na |
| NDIA Tax-Cost Ratio | na | na | 0.6% | na | na | na |
NDIA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NDIA Return (NAV) | -7.1% | 5.0% | 10.2% | na | na | na | na | na | na | na | na |
| NDIA Return (Price) | -7.8% | 5.8% | 9.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.099% | 0.167% | -0.083% | na | na | na | na | na | na | na | na |
| India Equity Avg | -6.4% | 0.7% | 12.4% | 26.7% | -9.8% | 26.5% | 13.6% | -0.2% | -13.5% | 44.0% | 0.8% |
| NDIA Grade (NAV) | C | A | D | na | na | na | na | na | na | na | na |
| +/- Category | -0.7% | 4.3% | -2.2% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.2% |
| Total Assets: | $ 59 Mil |
| Share Class Assets: | $ 59 Mil |
| Turnover: | 20.4% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.0 years | |||
| Average Tenure: 3.0 years | |||
| Managers (Year): Dorson William (2023), Dmitriev Paul (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 54.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Global X Funds |
| Phone Number: | 888-493-8631 |
| Website: | www.globalxfunds.com |
| Inception Date: | August 17, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.69% |
