VanEck Vectors India Small-Cap Index ETF (SCIF) is an exchange-traded fund that seeks to replicate the performance of the MVIS India Small-Cap Index before fees and expenses, providing targeted exposure to small-capitalization companies listed on Indian stock exchanges; the ETF tracks an index comprising Indian small-cap equities selected based on liquidity, market capitalization, and other eligibility criteria. Launched in 2010 by Van Eck Associates Corporation, headquartered in New York City, the fund operates primarily in the emerging markets equity segment, focusing on India's small-cap growth opportunities across sectors such as financials, industrials, information technology, and consumer discretionary; it serves institutional and retail investors seeking diversified access to Indian small-cap stocks. Geographically, the ETF invests predominantly in companies domiciled in India, with holdings reflecting the broader Indian equity market dynamics.
Core offerings include passive index replication of small-cap Indian equities via a portfolio of approximately 100-150 holdings, emphasizing fundamental metrics like market capitalization under predefined thresholds and trading volume requirements; the fund provides daily liquidity on the NYSE Arca exchange and distributes dividends semi-annually, with a gross expense ratio historically around 0.76%.
In a significant strategic shift in 2020, the ETF underwent a name change and ticker symbol update from SCIF to VanEck Vectors India Growth Leaders ETF (GLIN), transitioning from a pure small-cap focus to tracking the MarketGrader India All-Cap Growth Leaders Index, which selects fundamentally sound Indian companies exhibiting growth at a reasonable price (GARP) across all market capitalizations; this rebranding expanded the investment universe beyond small-caps to include growth leaders regardless of size, enhancing diversification while maintaining India-centric exposure. Van Eck Associates Corporation continues to manage the evolved product without recent funding rounds, acquisitions, or further reorganizations noted as of late 2025.