Skip to main content
My ETF

iShares MSCI India ETF (INDA): Complete Beginner's Guide

iShares MSCI India ETF (INDA) is a india equity ETF from BlackRock with an expense ratio of 0.65% and $8.0B in assets under management. Our Beginner Suitability Score: 9/10 (Great for Beginners). 5-year annualized return: 10.00%.

Last updated: April 2026

BlackRockIndia Equity

Expense Ratio

0.65%

AUM

$8.0B

Dividend Yield

1.20%

Inception

2012

Beginner Score

9/10

What is iShares MSCI India ETF?

INDA tracks a broad index of large- and mid-cap Indian companies spanning technology services, banking, energy, and consumer sectors. India is the world's fastest-growing major economy, powered by a young population and expanding middle class. This fund provides the most detailed single-ETF access to India's rapidly developing stock market.

INDA is managed by BlackRock and has been available since 2012. With $8.0B in assets under management, it's a growing fund that has attracted significant investor interest. The fund charges an expense ratio of 0.65%, which means for every $10,000 you invest, you pay approximately $65 per year in management fees.

INDA at a Glance — Key Metrics

Expense Ratio0.65%
Total Holdings130
P/E Ratio24.0
Beta0.85
Dividend Yield1.20%
AUM$8.0B
Inception Year2012
IssuerBlackRock

Top 10 Holdings in INDA

INDA holds 130 different securities. Here are the largest positions that make up the core of this fund:

#CompanyTickerWeight
1Reliance IndustriesRELIANCE.NS10.00%
2Infosys Ltd.INFY6.00%
3ICICI BankIBN5.00%
4HDFC BankHDB5.00%
5Tata Consultancy ServicesTCS.NS4.00%
6Bharti AirtelBHARTIARTL.NS3.00%
7Hindustan UnileverHINDUNILVR.NS2.50%
8ITC Ltd.ITC.NS2.00%
9Axis BankAXISBANK.NS2.00%
10Larsen & ToubroLT.NS2.00%

Want the full framework? This 2-hour ETF course teaches you exactly how to pick, buy, and hold profitable ETFs — from zero to confident investor. Under $15.

Ready to invest? Open an IBKR account in 10 minutes and get free stock. $0 commissions on US ETFs • Fractional shares from $1 • 150+ global markets.

INDA Performance History

Here's how INDA has performed over different time periods. Remember that past performance doesn't guarantee future results, but it gives you a sense of the fund's track record:

YTD

2.00%

1 Year

10.00%

3 Year

8.00%

5 Year

10.00%

10 Year

8.00%

Beginner Suitability Score: 9/10

Great for Beginners

Our proprietary Beginner Suitability Score evaluates ETFs based on five factors that matter most to new investors: fees, volatility, diversification, dividend history, and track record length.

INDA scores 9/10 because it has very low fees, shows lower-than-average volatility, offers broad diversification across 130 holdings, and has been available since 2012, giving it a proven track record.

How to Buy INDA — Step by Step

  1. Open a brokerage account — We recommend Fidelity, Charles Schwab, or Vanguard for ETF investing. All offer $0 commissions on ETF trades.
  2. Fund your account — Transfer money from your bank. You can start with as little as $1 if your broker offers fractional shares.
  3. Search for "INDA" — Use the search bar in your brokerage platform to find iShares MSCI India ETF.
  4. Place your order — Choose "Market Order" for simplicity or "Limit Order" if you want to set a specific price. Enter how many shares (or dollar amount) you want to buy.
  5. Set up automatic investing — Most brokers let you schedule recurring purchases (e.g., $100/month on the 1st). This is dollar cost averaging in action.

INDA Sector Allocation

Here's how INDA distributes its investments across different sectors of the economy:

Dollar Cost Averaging Into INDA

Here's what consistent monthly investing could look like over time, assuming an average annual return of 8% (approximate historical stock market average):

Monthly10 Years20 Years30 Years
$100/mo$18,417$59,295$150,030
$250/mo$46,041$148,237$375,074
$500/mo$92,083$296,474$750,148

*Projections assume 8% average annual return with monthly compounding. Actual returns will vary. Past performance doesn't guarantee future results.

Fee impact: With INDA's expense ratio of 0.65%, a $10,000 investment would lose approximately $5,301 to fees over 20 years compared to a zero-fee investment. This is significant — consider whether the fund's strategy justifies these costs.

Pros and Cons of INDA

Pros

  • Exposure to the world's fastest-growing major economy with favorable demographics
  • India's expanding middle class drives long-term consumption and financial services growth
  • Diversified sector mix captures both traditional industries and IT services strength
  • Government infrastructure spending and digital transformation initiatives support growth

Cons

  • Indian stocks trade at premium valuations compared to other emerging markets
  • Rupee depreciation against the dollar has historically eroded returns for US investors
  • Regulatory complexity and bureaucratic challenges can hinder business growth for holdings

INDA vs Similar ETFs

See how INDA stacks up against similar funds:

Frequently Asked Questions

Is INDA a good ETF for beginners?

INDA has a Beginner Suitability Score of 9/10 on our scale. This makes it a strong choice for new investors due to its low fees and broad diversification.

What is the expense ratio of INDA?

INDA has an expense ratio of 0.65%. This means for every $10,000 you invest, you pay approximately $65 per year in fees. This is considered very low and cost-efficient.

How much money do I need to invest in INDA?

You can invest in INDA with as little as $1 through brokers that offer fractional shares (like Fidelity, Schwab, or Robinhood). There is no minimum investment required beyond the share price itself, which changes daily. Dollar cost averaging — investing a fixed amount regularly — is a popular strategy.

Does INDA pay dividends?

Yes, INDA pays dividends with a current yield of approximately 1.20%. Dividends are typically paid quarterly and can be reinvested automatically through most brokers.

What are the top holdings in INDA?

The top holdings in INDA include Reliance Industries (10.00%), Infosys Ltd. (6.00%), ICICI Bank (5.00%), and more. The fund holds 130 total positions, providing broad diversification across many companies.

What sectors does INDA invest in?

INDA's largest sector allocations are Financials (25.00%), Technology (15.00%), Energy (12.00%). This sector distribution shows a focus on financials stocks.

How much do INDA's fees cost over time?

With an expense ratio of 0.65%, a $10,000 investment in INDA would lose approximately $5,301 to fees over 20 years (assuming 8% annual returns). Consider whether the fund's strategy justifies these costs.