- Business
- India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that provides targeted investment exposure to publicly traded companies engaged in India's internet and ecommerce sectors; it tracks the performance of the INQQ The India Internet Index using a full replication technique. The ETF invests primarily in growth and value stocks across diversified market capitalizations in areas including communication services, media and entertainment, interactive media and services, online services, social media and networking platforms, internet advertising, consumer discretionary services such as hotels, restaurants, leisure and online gaming, internet and direct marketing retail, online travel agencies, information technology services, software, application software, internet software and search engines. Top holdings as of recent data include Eternal Ltd, Reliance Industries Ltd, Bajaj Finance Ltd, Jio Financial Services Ltd, FSN E-Commerce Ventures Ltd and Info Edge (India) Ltd, representing technology services, finance, retail trade and consumer services segments with over 60% concentration in the top 10 positions.
Exchange Traded Concepts Trust - INQQ The India Internet ETF, formed on April 5, 2022 and domiciled in the United States, is managed by Exchange Traded Concepts, LLC as investment advisor, with Penserra Capital Management LLC serving in a sub-advisory role and SEI Investments Distribution Co. as distributor. Headquartered through its advisor in the U.S., the fund focuses on companies deriving the majority of revenue from internet and ecommerce activities in India, targeting investors seeking growth in the expanding digital economy driven by rising internet penetration, smartphone adoption and a burgeoning middle class. It operates with an expense ratio of 0.86%, annual distributions and assets under management around $60-65 million, listing on the NYSE Arca exchange.
No major acquisitions, funding rounds, partnerships or structural changes have been reported for INQQ in the last 1-2 years; the fund maintains steady operations tracking its index amid India's digital growth, with recent performance reflecting modest YTD returns and holdings adjustments aligned to market cap weighting. Geographic exposure remains predominantly India-focused at approximately 96%, with minor allocations elsewhere.