Modi's US Visit Fuels Interest in Indian ETFs: INDA, EPI, INDY, SMIN, FLIN, and PIN
Indian Prime Minister Narendra Modi is set to embark on his first official state visit to the United States last Thursday, where he will meet with President Joe Biden.
Prime Minister Modi is also expected to have a meeting with other CEOs at the White House state dinner on Thursday, including Tim Cook from $Apple(AAPL)$, Sundar Pichai from $Alphabet(GOOG)$, Satya Nadella from $Microsoft(MSFT)$, and Rajesh Subramaniam from $FedEx(FDX)$.
Over the past six months, more U.S. tech companies have been turning their attention to India. Apple opened two physical retail stores in Delhi and Mumbai in April and plans to further expand in India. Another company Foxconn, one of Apple's largest suppliers, broke ground on a new factory in Telangana with an investment of $500 million.
via Getty Images
$Amazon.com(AMZN)$'s cloud computing division, Amazon Web Services, announced in May that it would invest $13 billion in India by the end of this decade.
The growing interest of American technology companies in India highlights the country's potential as a significant market and a hub for manufacturing and innovation. With its large population and increasing digital adoption, India presents a lucrative opportunity for companies to expand their presence and tap into the growing consumer base.
Here is specific information about India ETFs:
$iShares MSCI India ETF(INDA)$
- INDA aims to track the investment results of the MSCI India Index.
- It provides exposure to a broad range of Indian companies across various sectors.
- The fund has a diversified portfolio, including large-cap, mid-cap, and small-cap stocks.
- INDA has a focus on capturing the performance of the Indian equity market as a whole.
$WisdomTree India Earnings Fund(EPI)$
- EPI seeks to track the investment results of the WisdomTree India Earnings Index.
- The ETF primarily invests in profitable Indian companies listed on Indian stock exchanges.
- EPI uses an earnings-weighted methodology, giving higher weights to companies with greater earnings.
- It provides exposure to a diverse set of sectors, including financials, information technology, energy, and consumer discretionary.
- EPI offers investors an opportunity to participate in the earnings potential of Indian companies.
$iShares India 50 ETF(INDY)$
- INDY aims to track the performance of the Nifty 50 Index, which represents the Indian equity market's top 50 large-cap stocks.
- The ETF provides exposure to well-established and financially sound Indian companies.
- INDY has a concentrated portfolio, focusing on the largest and most liquid stocks in India.
- It offers investors an efficient way to gain exposure to the performance of India's blue-chip companies.
- INDY has a relatively lower expense ratio compared to other India-focused ETFs.
$iShares MSCI India Small-Cap ETF(SMIN)$
- SMIN seeks to track the investment results of the MSCI India Small Cap Index.
- The ETF invests in small-cap Indian companies, providing exposure to the dynamic segment of the Indian market.
- SMIN offers investors an opportunity to capture the growth potential of smaller Indian companies.
- It provides diversification benefits by complementing larger-cap focused India ETFs.
$Franklin FTSE India ETF(FLIN)$
- FLIN aims to track the performance of the FTSE India RIC Capped Index.
- The ETF invests in large and mid-cap Indian companies across various sectors.
- FLIN utilizes a transparent and rules-based methodology for stock selection and weighting.
- It offers investors exposure to a comprehensive set of Indian stocks.
- FLIN has a competitive expense ratio, making it an attractive option for investors seeking broad-based exposure to Indian equities.
- PIN seeks to track the investment results of the Indus India Index.
- The ETF invests in a diverse portfolio of Indian companies across sectors.
- PIN aims to provide investors with exposure to the performance of Indian companies in a transparent and cost-effective manner.
- It offers a broad representation of the Indian equity market, including large-cap and mid-cap stocks.
- PIN has a moderate expense ratio, making it suitable for investors looking for comprehensive Indian market exposure.
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