ATLASiShares India 50 ETF (INDY): outlook, holdings and fees
iShares India 50 ETF (INDY) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.88% and the yield is 0.89%. The ten largest holdings are 53% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on INDY
| Last price | $42.53 (+1.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $41.62 – $43.89 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 0.89% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
INDY fund facts
| Issuer | iShares |
|---|---|
| Theme | India |
| Assets under management | $494M |
| Expense ratio | 0.88% |
| Number of holdings | 49 |
| Portfolio turnover | 111% |
| Inception | Nov 18, 2009 |
| Exchange | NASDAQ |
The underlying index measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.
INDY top holdings
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Limited HDFCBANK | Financial Services | 9.91% |
| ICICI Bank Limited ICICIBANK | Financial Services | 9.70% |
| Reliance Industries Limited RELIANCE | Energy | 7.68% |
| Bharti Airtel Limited BHARTIARTL | Communication Services | 5.02% |
| Larsen & Toubro Limited LT | Industrials | 4.00% |
| State Bank of India SBIN | Financial Services | 3.98% |
| Axis Bank Limited AXISBANK | Financial Services | 3.60% |
| Infosys Limited INFY | Technology | 3.42% |
| Kotak Mahindra Bank Limited KOTAKBANK | Financial Services | 3.05% |
| Bajaj Finance Limited BAJFINANCE | Financial Services | 2.38% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
INDY sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 35.3% |
| Consumer Cyclicals | 11.9% |
| Energy | 10.8% |
| Basic Materials | 7.8% |
| Industrials | 7.8% |
| Technology | 7.8% |
| Consumer Defensive | 5.5% |
| Communication Services | 5.4% |
| Healthcare | 5.0% |
| Utilities | 2.6% |
By region: Asia Emerging 100.0%.
INDY returns and risk
| Year to date | -16.5% |
|---|---|
| 1 year | -14.1% |
| 3 years (annualised) | -0.7% |
| 5 years (annualised) | -1.1% |
| 10 years (annualised) | +5.2% |
| Volatility (3 years) | 14.0% |
| Sharpe ratio (3 years) | -0.28 |
Past returns do not guarantee future results.
INDY: frequently asked questions
What does INDY invest in?
iShares India 50 ETF invests in a portfolio of securities. Its largest holdings are HDFC Bank Limited (9.9%), ICICI Bank Limited (9.7%), Reliance Industries Limited (7.7%), Bharti Airtel Limited (5.0%), Larsen & Toubro Limited (4.0%).
What is the INDY expense ratio?
0.88% a year: about $88.00 for every $10,000 invested.
What is the INDY dividend yield?
0.89%. ATLAS does not hold the exact distribution dates for ETFs.
Will INDY go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $41.62 to $43.89 from $42.53 today. It is a probability, not a prediction.
How has INDY performed?
Year to date -16.5%, one year -14.1%, three years -0.7% a year, five years -1.1% a year. Past returns do not guarantee future results.
Similar ETFs: India
Educational information, not investment advice. Disclaimer