Invesco India ETF (IMVP) is an exchange-traded fund that seeks to track the performance of the Bloomberg India MVP Index, investing at least 90% of its total assets in securities comprising the index, including American depositary receipts and global depositary receipts of Indian companies. The fund provides exposure to large- and mid-capitalization Indian equities exhibiting strong characteristics in momentum, value, low volatility, and profitability; top holdings include HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, and Infosys Ltd, with approximately 222 holdings overall. It operates in the emerging markets equity segment, targeting investors seeking diversified access to India's high-quality stocks screened from the FTSE India Index by excluding low dividend yield and low quality securities, rebalanced semi-annually.
Launched in 2008 and headquartered in Downers Grove, Illinois, the ETF serves global investors through U.S. exchanges with a net expense ratio of 0.78% and total net assets of approximately $181 million.
In recent developments, the fund changed its ticker symbol from PIN to IMVP effective February 23, 2026, coinciding with a shift to the Bloomberg India MVP Index from its prior underlying index. Concurrently, Invesco Ltd, the fund's sponsor, completed a strategic joint venture in November 2025 with IndusInd International Holdings Limited (IIHL), under which IIHL acquired a 60% stake in Invesco Asset Management India Private Limited (IAMI), enhancing Invesco's distribution reach across India through over 11,000 touchpoints while retaining 40% ownership and joint sponsor status.