Key stats
About Range India Financials ETF
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Inception date
Oct 20, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
INDF tracks an index designed to reflect the performance of the Indian financial market which includes banks, financial institutions, housing finance companies, insurance companies and other financial services companies. Stocks are selected based on their free-float market capitalization, therefore, excludes locked-in shares such as those held by insiders and governments. The underlying index is the capped version of the Nifty Financial Services Index, which is a narrow index of 20 financial services stocks. The only difference is that the underlying index for INDF is subject to a 25/50 weight cap, such that the maximum weight of each stock is 25% and the maximum aggregate weight of all the individual stocks with more than 5% is 50%. The index undergoes a quarterly rebalance and reconstitution. Prior to Sep. 1, 2024, the fund was called Nifty India Financials ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks102.36%
Finance100.00%
Bonds, Cash & Other−2.36%
Cash−2.36%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
INDF top holdings are HDFC Bank Limited and ICICI Bank Limited, occupying 19.46% and 19.45% of the portfolio correspondingly.
INDF last dividends amounted to 2.16 USD. The year before, the issuer paid 3.09 USD in dividends, which shows a 43.33% decrease.
INDF assets under management is 10.57 M USD. It's fallen 0.04% over the last month.
INDF fund flows account for 1.82 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, INDF pays dividends to its holders with the dividend yield of 2.56%. The last dividend (Dec 31, 2024) amounted to 2.16 USD. The dividends are paid annually.
INDF shares are issued by Cottonwood ETF Holdings LLC under the brand Range. The ETF was launched on Oct 20, 2020, and its management style is Passive.
INDF expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
INDF follows the Nifty Financial Services 25/50 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
INDF invests in stocks.
INDF price has risen by 2.51% over the last month, and its yearly performance shows a 8.41% increase. See more dynamics on INDF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.03% over the last month, showed a 13.26% increase in three-month performance and has increased by 18.76% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.03% over the last month, showed a 13.26% increase in three-month performance and has increased by 18.76% in a year.
INDF trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.