iShares India 50 ETF
INDY
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Nov 18, 2009
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares India 50 ETF (INDY) is an exchange-traded fund that seeks to track the investment results of the Nifty 50 Index, comprising 50 of the largest Indian companies by free-float market capitalization listed on the National Stock Exchange of India. The fund invests substantially all of its assets through a wholly-owned subsidiary in Mauritius, which holds securities replicating the index including depositary receipts; top holdings as of late 2025 include HDFC Bank Ltd. (approximately 13%), ICICI Bank Ltd. (9%), Reliance Industries Ltd. (8%), Infosys Ltd. (5%), and Bharti Airtel Ltd. (5%), with sector allocations emphasizing financials, energy, information technology, consumer discretionary, and telecommunications. Launched on November 18, 2009, and managed by BlackRock with an expense ratio of 0.65%, INDY is domiciled in the United States and trades on NASDAQ, providing investors exposure to large-cap Indian equities representing about 66% of the Indian market by free-float capitalization. The ETF's portfolio undergoes semi-annual rebalancing aligned with the Nifty 50 Index, with recent changes effective September 30, 2025, incorporating InterGlobe Aviation (IndiGo) and Max Healthcare Institute while removing Hero MotoCorp and IndusInd Bank to reflect evolving market leadership and liquidity criteria. Earlier 2024-2025 index adjustments included additions such as Trent Ltd., Bharat Electronics Ltd., Zomato, and Jio Financial Services, influencing INDY's holdings and contributing to performance volatility amid India's market corrections and recoveries. No major structural changes, acquisitions, or new product launches for INDY itself have been reported in the past 1-2 years, though BlackRock launched a related iShares Nifty 50 Indian Equity ETF on the Tokyo Stock Exchange in June 2024, expanding global access to similar Nifty 50 exposure.