VanEck India Growth Leaders ETF (GLIN) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MarketGrader India All-Cap Growth Leaders Index. The underlying index comprises up to 80 fundamentally sound Indian companies across all market capitalizations that exhibit attractive growth potential at a reasonable price (GARP strategy), selected based on MarketGrader Scores evaluating growth, value, profitability, and cash flow metrics; top holdings as of December 2025 include State Bank of India (5.75%), Bharti Airtel Ltd (5.37%), Infosys Ltd (5.21%), Tata Consultancy Services Ltd (5.08%), and Bharat Electronics Ltd (5.05%), with sector allocations led by financials (32.46%), industrials (22.16%), and information technology (11.87%). The ETF provides investors with exposure to the broad Indian equity opportunity set, targeting companies listed on the National Stock Exchange, Bombay Stock Exchange, or U.S. exchanges that have consistent MarketGrader ratings for at least six months.
Launched on August 24, 2010, and domiciled in the United States, GLIN is managed by VanEck and listed on NYSE Arca with total net assets of approximately $116 million and a gross expense ratio of 0.76% as of December 2025. The fund operates primarily in the emerging markets equity segment, focusing on India's Asia-Pacific region with 98.95% country weighting in India. It pays annual distributions, with the most recent in December 2024 at $1.76 per share, reflecting dividend income from its equity holdings.
No major acquisitions, partnerships, funding rounds, or strategic shifts specific to GLIN have been reported in the last 1-2 years; the fund continues to track its established index methodology without noted reorganizations or product launches. Index data prior to May 1, 2020, referenced the MVIS India Small Cap Index, after which it transitioned fully to the MarketGrader India All-Cap Growth Leaders Index, marking a prior methodological evolution rather than a recent change. Recent analyst actions include a downgrade by Day by Day on December 9, 2025, amid ongoing market performance tracking.