Nifty India Financials ETF
INDF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Oct 21, 2020
- CIK
- 0001100663
- Similar Companies
- Business
- Range India Financials ETF (INDF) is an exchange-traded fund that provides passive exposure to the Indian financial services sector by tracking the Nifty Financial Services 25/50 Index, which comprises the top 20 Indian financial services companies by market capitalization, including major banks such as HDFC Bank Ltd., ICICI Bank Ltd., and State Bank of India; non-banking financial companies (NBFCs) like Bajaj Finance Ltd. and Bajaj Finserv Ltd.; housing finance companies; insurance providers such as HDFC Life Insurance Company Ltd., ICICI Lombard General Insurance Company Ltd., and SBI Life Insurance Co. Ltd.; and other financial institutions. The ETF normally invests at least 80% of its total assets in securities that comprise the benchmark index, with holdings concentrated in large-cap financial equities and an expense ratio of 0.75%. INDF trades on the NYSE Arca in U.S. dollars during U.S. market hours and targets investors seeking targeted access to India's evolving financial sector, which supports economic growth through banking, lending, insurance, and digital financial services amid rising credit penetration and urbanization. Launched on October 21, 2020, by Exchange Traded Concepts LLC (advisor), with initial development support from NextFins, the ETF is headquartered in Oklahoma City, Oklahoma, at 10900 Hefner Pointe Drive, Suite 207. The fund serves U.S.-based investors interested in emerging market equities focused on India's financial industry, with geographic exposure limited to Indian companies listed primarily on the National Stock Exchange of India. In a significant operational change announced in August 2025, Exchange Traded Concepts decided to close and liquidate the Range India Financials ETF, ceasing new creation unit orders on August 25, 2025, with the final trading day on NYSE Arca on August 26, 2025, and full liquidation distributions to remaining shareholders on or about August 29, 2025. This closure follows challenges in attracting sufficient assets under management, which stood at approximately $9-11 million prior to liquidation, and reflects no recent partnerships, acquisitions, funding rounds, or new product launches. Shareholders during the wind-down period faced limited liquidity, restricted to certain broker-dealers, with pro-rata cash distributions treated as taxable events.