iShares MSCI India ETF (INDA)

Look-through valuation · Country · Expense ratio 0.65 % · ISIN US46429B5984

INDA iShares MSCI India ETF INDA overvalued

Holdings vs fair value −34.5 % weighted average

Quality 57/100 avg alpha quality

Expense ratio 0.65 % per year (TER)

Fund size $ 6.7B

The look-through covers 86 % of the fund by weight (138 of 165 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2012)

Monthly close since 2012. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
HDFC Bank Limited HDFCBANK	7.0 %	−21.3 %	52
Reliance Industries Limited RELIANCE	6.0 %	−35.5 %	49
ICICI Bank Limited ICICIBANK	5.7 %	−30.7 %	60
Bharti Airtel Limited BHARTIARTL	4.0 %	−49.7 %	57
Infosys Limited INFY	2.5 %	+35.0 %	67
Axis Bank Limited AXISBANK	2.2 %	−16.0 %	47
Mahindra & Mahindra Limited M&M	2.1 %	n/a	n/a
Larsen & Toubro Limited LT	2.0 %	−47.3 %	48
Bajaj Finance Limited BAJFINANCE	1.9 %	−61.1 %	54
Kotak Mahindra Bank Limited KOTAKBANK	1.6 %	−33.4 %	50
State Bank of India SBIN	1.4 %	+13.8 %	58
Tata Consultancy Services Limited TCS	1.4 %	+18.3 %	64
Sun Pharmaceutical Industries Limited SUNPHARMA	1.3 %	−49.2 %	68
Titan Company Limited TITAN	1.2 %	−78.8 %	63
Maruti Suzuki India Limited MARUTI	1.2 %	−37.6 %	56
NTPC Limited NTPC	1.2 %	+9.5 %	46
Hindustan Unilever Limited HINDUNILVR	1.1 %	−52.4 %	70
SHRIRAM FINANCE LTD SHFL	1.1 %	n/a	n/a
Bharat Electronics Limited BEL	1.1 %	n/a	n/a
Tata Steel Limited TATASTEEL	1.1 %	−20.6 %	57
Hindalco Industries Limited HINDALCO	1.0 %	+7.3 %	47
Power Grid Corporation of India Limited POWERGRID	0.9 %	−10.0 %	49
UltraTech Cement Limited ULTRACEMCO	0.9 %	−60.0 %	56
HCL Technologies Limited HCLTECH	0.8 %	+5.4 %	62
Asian Paints Limited ASIANPAINT	0.8 %	−75.0 %	70

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 165 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives iShares MSCI India ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.