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
BlackRock • India 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 Ratio | 0.65% |
| Total Holdings | 130 |
| P/E Ratio | 24.0 |
| Beta | 0.85 |
| Dividend Yield | 1.20% |
| AUM | $8.0B |
| Inception Year | 2012 |
| Issuer | BlackRock |
Top 10 Holdings in INDA
INDA holds 130 different securities. Here are the largest positions that make up the core of this fund:
| # | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Reliance Industries | RELIANCE.NS | 10.00% |
| 2 | Infosys Ltd. | INFY | 6.00% |
| 3 | ICICI Bank | IBN | 5.00% |
| 4 | HDFC Bank | HDB | 5.00% |
| 5 | Tata Consultancy Services | TCS.NS | 4.00% |
| 6 | Bharti Airtel | BHARTIARTL.NS | 3.00% |
| 7 | Hindustan Unilever | HINDUNILVR.NS | 2.50% |
| 8 | ITC Ltd. | ITC.NS | 2.00% |
| 9 | Axis Bank | AXISBANK.NS | 2.00% |
| 10 | Larsen & Toubro | LT.NS | 2.00% |
INDA's top holding is Reliance Industries (RELIANCE.NS) at 10.00%, followed by Infosys Ltd. (INFY) at 6.00% and ICICI Bank (IBN) at 5.00%. The top 10 holdings account for 41.50% of the fund's 130 total positions.
View data table
| Rank | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Reliance Industries | RELIANCE.NS | 10.00% |
| 2 | Infosys Ltd. | INFY | 6.00% |
| 3 | ICICI Bank | IBN | 5.00% |
| 4 | HDFC Bank | HDB | 5.00% |
| 5 | Tata Consultancy Services | TCS.NS | 4.00% |
| 6 | Bharti Airtel | BHARTIARTL.NS | 3.00% |
| 7 | Hindustan Unilever | HINDUNILVR.NS | 2.50% |
| 8 | ITC Ltd. | ITC.NS | 2.00% |
| 9 | Axis Bank | AXISBANK.NS | 2.00% |
| 10 | Larsen & Toubro | LT.NS | 2.00% |
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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%
INDA has returned 10.00% annualized over 5 years and 8.00% over 10 years. YTD return is 2.00%.
View data table
| Period | Return |
|---|---|
| YTD | 2.00% |
| 1 Year | 10.00% |
| 3 Year | 8.00% |
| 5 Year | 10.00% |
| 10 Year | 8.00% |
Beginner Suitability Score: 9/10
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
- Open a brokerage account — We recommend Fidelity, Charles Schwab, or Vanguard for ETF investing. All offer $0 commissions on ETF trades.
- Fund your account — Transfer money from your bank. You can start with as little as $1 if your broker offers fractional shares.
- Search for "INDA" — Use the search bar in your brokerage platform to find iShares MSCI India ETF.
- 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.
- 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:
INDA's largest sector allocation is Financials at 25.0%, followed by Technology at 15.0% and Energy at 12.0%.
View data table
| Sector | Weight |
|---|---|
| Financials | 25.0% |
| Technology | 15.0% |
| Energy | 12.0% |
| Consumer Staples | 10.0% |
| Consumer Discretionary | 8.0% |
| Industrials | 8.0% |
| Materials | 7.0% |
| Healthcare | 6.0% |
| Communication Services | 5.0% |
| Utilities | 4.0% |
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):
| Monthly | 10 Years | 20 Years | 30 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.
INDA's expense ratio of 0.65% costs $5,301 on a $10,000 investment over 20 years (assuming 8% annual return). Without fees, the investment would grow to $46,610 instead of $41,309.
View data table
| Year | Without Fees | With Fees | Fee Cost |
|---|---|---|---|
| 0 | $10,000 | $10,000 | $0 |
| 5 | $14,693 | $14,256 | $437 |
| 10 | $21,589 | $20,325 | $1,264 |
| 15 | $31,722 | $28,975 | $2,747 |
| 20 | $46,610 | $41,309 | $5,301 |
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.