Key stats
About Direxion Daily MSCI India Bull 2X Shares
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Inception date
Mar 11, 2010
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
INDL provides an aggressive, daily 2x leveraged bet on the MSCI India Index. Anyone holding INDL for longer than a single trading day will be exposed to the effects of compounding, which means that the 2x multiple may not be achieved. Prior to January 3, 2017, INDL tracked the Indus India Index, and prior to October 30, 2020, the fund's leverage factor was daily 3x exposure. Its current index, the MSCI India Index, broadened INDLs exposure to cover approximately 85% of companies by market capitalization. The index is also rebalanced semi-annually.
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
Cash
ETF
Bonds, Cash & Other100.00%
Cash56.04%
ETF46.92%
Miscellaneous−2.96%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
INDL last dividends amounted to 0.19 USD. The quarter before, the issuer paid 0.35 USD in dividends, which shows a 80.15% decrease.
INDL assets under management is 83.11 M USD. It's fallen 1.20% over the last month.
INDL fund flows account for −16.46 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, INDL pays dividends to its holders with the dividend yield of 1.48%. The last dividend (Apr 1, 2025) amounted to 0.19 USD. The dividends are paid quarterly.
INDL shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Mar 11, 2010, and its management style is Passive.
INDL expense ratio is 1.24% meaning you'd have to pay 1.24% of your investment to help manage the fund.
INDL follows the MSCI India. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
INDL invests in cash.
INDL price has fallen by −0.28% over the last month, and its yearly performance shows a −12.13% decrease. See more dynamics on INDL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.76% over the last month, showed a 18.85% increase in three-month performance and has decreased by −10.60% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.76% over the last month, showed a 18.85% increase in three-month performance and has decreased by −10.60% in a year.
INDL trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.