Industry Distribution:

• Financial Services: 24%
• Information Technology: 18%
• Consumer Goods: 15%

TOP 3 Markets:

• India: 95%
• USA: 3%
• United Kingdom: 2%

The iShares MSCI India ETF (INDA) is heavily focused on the Indian market, as evidenced by the high weighting of 95%. The dominant industries within the ETF are financial services, information technology, and consumer goods, which together make up a large part of the portfolio. This reflects India's economic priorities, with the IT sector in particular being seen as a driver of growth.

The USA and the United Kingdom are the two other markets that make up a small portion of the ETF, due to international investments and trade relationships.

iShares Trust - iShares MSCI India ETF is an exchange-traded fund (ETF) and not a company that produces physical products.

The ETF is managed by BlackRock and invests in Indian stocks to replicate the performance of the MSCI India Index. Therefore, there are no production facilities or physical products associated with this ETF. The focus is on managing and trading financial assets.

Current Strategy: Diversification and Market Adaptation (2025)

The iShares MSCI India ETF (BATS:INDA) pursues a strategy aimed at diversification and adapting to the economic developments in India. The ETF invests in a broad range of Indian companies to maximize the growth potential of the Indian market.

The focus is on sectors that benefit from increasing urbanization, digitalization, and the growing middle class. These include IT services, financial services, and consumer goods.

Additionally, the ETF regularly adjusts its allocations to benefit from economic reforms and political initiatives in India that aim to improve the business environment and promote foreign investments.

This strategy enables the ETF to react flexibly to market changes and secure long-term growth.

Main Imported Raw Materials to India:

• Crude oil
• Gold
• Coal
• Natural gas
• Gemstones

Main Supplier Countries to India:

• Saudi Arabia (Crude oil)
• United Arab Emirates (Crude oil, Gold)
• USA (Natural gas)
• Australia (Coal)
• Switzerland (Gold)

India is heavily dependent on imports of raw materials, especially in the energy sector. Crude oil is the most significant imported raw material, with Saudi Arabia and the United Arab Emirates being among the largest suppliers.

Gold and gemstones are also important imported goods, mainly sourced from Switzerland and the United Arab Emirates. Coal imports mainly come from Australia, while the USA is a significant supplier of natural gas.

This import dependency influences India's economic stability and trade balance.

Current Price: $45.67 (2025, estimated)
Expense Ratio: 0.68% (2023)
Assets Under Management: $6.5 billion USD (2023)

The iShares MSCI India ETF (INDA) provides investors with access to the Indian stock market by tracking the MSCI India Index. The ETF's competitive advantage lies in its broad diversification and the opportunity to invest in one of the fastest-growing markets in the world.

With an expense ratio of 0.68%, INDA is competitive compared to other ETFs investing in emerging markets. The $6.5 billion USD assets under management demonstrate investors' confidence in this ETF and its liquidity, making it an attractive option for institutional and retail investors.

Another advantage is being part of iShares, one of the largest ETF providers globally, ensuring stability and a high level of trust. The ETF also benefits from the growing Indian economy, driven by a young population and technological advancements.

Institutional Investor Share: Approximately 50-60% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant insider transactions known (2025)

The iShares MSCI India ETF is typically heavily held by institutional investors, as ETFs are often used as instruments for diversified investment strategies. The share of institutional investors typically ranges from 50-60%, indicating the interest of large funds and asset managers in Indian markets.

Insider transactions are less relevant for ETFs, as they are passively managed funds that track an index. Therefore, there are usually no significant insider buys or sells as could occur with individual stocks.

Market share of iShares MSCI India ETF (INDA): Estimate 25% (2025)

Main competitors and their market shares:

1. WisdomTree India Earnings Fund (EPI): Estimate 20%
2. Franklin FTSE India ETF (FLIN): Estimate 15%
3. VanEck Vectors India Growth Leaders ETF (GLIN): Estimate 10%
4. First Trust India Nifty 50 Equal Weight ETF (NFTY): Estimate 8%
5. SPDR S&P BSE India ETF (BIND): Estimate 7%

Moat of iShares MSCI India ETF (INDA):

The iShares MSCI India ETF (INDA) has a significant moat due to its strong brand recognition and broad acceptance among institutional investors. iShares, as part of BlackRock, benefits from an extensive distribution network and high liquidity, making it a preferred choice for investors looking to invest in the Indian market.

Compared to its competitors, INDA provides comprehensive coverage of the Indian stock market, making it attractive for investors seeking diversified exposure. The ETF also has the advantage of a relatively low expense ratio compared to some of its competitors, which can enhance the overall return for investors.

However, some competitors like the WisdomTree India Earnings Fund (EPI) also hold strong positions, especially through specialized investment strategies targeting specific market segments. These may be attractive for investors seeking targeted exposures.

Overall, INDA has a solid moat, but the competition remains intense, especially from ETFs offering specific niches or strategies.

Economic Growth India: 6.5% (2024, IMF forecast)
Demographic Advantage: 1.4 billion people, young population
Technology and Service Sector: Strongly growing

The iShares MSCI India ETF (INDA) offers investors an opportunity to invest in the Indian market, characterized by robust economic growth. India benefits from a young and growing population, which has the potential to further boost the economy in the coming years.

The technology and service sector in India is particularly strong and growing steadily, which could benefit the ETF. Additionally, India has implemented reforms in recent years to improve the business environment, which could attract foreign investments.

In summary, the iShares MSCI India ETF provides an attractive opportunity to benefit from India's long-term growth prospects, especially through its demographic advantages and dynamic technology sector.

Dividend yield: 0.8% (estimated for 2025)
Dividend history: Regular payouts since 2012

The iShares MSCI India ETF (INDA) pays a dividend, but the dividend yield is relatively low compared to other ETFs. The distributions are usually made semi-annually and have been consistent since the ETF was introduced in 2012.

The reliability of dividend payments depends on the economic development of India as well as the earnings of the companies included in the ETF. Since the ETF tracks the MSCI India Index, which consists of a variety of Indian companies, the dividend policies of these companies can influence the payout. Historically, however, the ETF has maintained a consistent dividend policy.