The Biggest India ETFs Include EG Shares India Consumer ETF (INCO), EGA Emerging Global Shares Trust (SCIN) & More
Wondering what the largest India ETFs are? With the evolution of stock markets, those interested in making some money out of it have a whole range of options they can choose to invest in. However, among various securities, a rather popular choice are the Exchange-traded funds (ETF). A good thing about the ETFs is that they combine the possibility to invest the money in a variety of companies, which is a feature of mutual or index funds, with the volatility and price oscillations of stocks, which makes it attractive for speculative investors.
So as the rule goes, if there is a demand for something, the supply won't hesitate to appear, and in order to meet the high demand, there have been introduced ETFs that track various baskets of securities like stocks, indices, commodities and so on.
Another way in which ETFs can be sorted is by country, and since some of the most profitable regions are considered emerging markets, we have compiled a list of top 10 India ETFs, picking as a benchmark the amount of Assets held by each ETF. This is similar to our coverage of leveraged ETFs.
Aside from assets, we have included the average daily trading volume and the year-to-date return. This might help those interested in putting their money in an Indian ETF, and even though the return of these ETFs has slumped recently, it is a good idea to check them out now.
In 10th position is EG Shares India Consumer ETF (NYSEARCA:INCO) with assets worth about $3.8 million and a trading volume amounting to $6,600. The year to date return of EG Shares India Consumer ETF (NYSEARCA:INCO) is -29%. Its price action can be seen below:
Another ETF from our list of picks is EGA Emerging Global Shares Trust (NYSEARCA:SCIN), whose assets amount to almost $15.7 million. The year-to-date return of the ETF is about -46%, whie the average daily trading volume tops $11,700.
Read on to see what other India ETFs have made the list:
No. 8 Direxion Daily India Bull 2X Shares (NYSEARCA:INDL)
Assets: $24.2 million
Average daily trading volume: $33,600
Year-to-date return: -64.4%
No. 7 EGA Emerging Global Shares Trust (NYSEARCA:INXX)
Assets: $50.5 million
Average daily trading volume: $17,000
Year-to-date return: -41.5%
No. 6 Market Vectors India Small Cap Index ETF (NYSEARCA:SCIF)
Assets: $80.7 million
Average daily trading volume: $87,100
Year-to-date return: -49.2%
No. 5 Ishares MSCI India ETF (BATS:INDA)
Assets: $210.6 million
Average daily trading volume: $466,600
Year-to-date return: -27.5%
No. 4 Barclays Bank Plc iPath ETNs linked to the MSCI India Total Return Index (NYSEARCA:INP)
Assets: $276.7 million
Average daily trading volume: $105,900
Year-to-date return: -28.5%
No. 3 PowerShares India Portfolio (ETF) (NYSEARCA:PIN)
Assets: $297.3 million
Average daily trading volume: $894,500
Year-to-date return: -25.5%
No. 2 iShares S&P India Nifty 50 Index Fund (NASDAQ:INDY)
Assets: $368.8 million
Average daily trading volume: $149,900
Year-to-date return: -28.5%
No. 1 WisdomTree India Earnings Fund (ETF) (NYSEARCA:EPI)
Assets: $712.1 million
Average daily trading volume: $3.5 million
Year-to-date return: -31.9%