A side-by-side comparison of First Trust India NIFTY 50 Equal Weight ETF (NFTY) and Goldman Sachs India Equity ETF (GIND) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | NFTY | GIND |
|---|---|---|
| YTD Return | -5.62% | -2.78%✓ |
| 1-Day Change | -0.88% | -0.53%✓ |
| 1-Week Change | -3.11% | -2.24%✓ |
| 1-Month Change | -6.56% | -6.88%✓ |
| Current Price | $50.55 | $23.31 |
| AUM | $102M | $159M✓ |
| MER (Expense Ratio) | 0.8% | 0.75%✓ |
| Dividend Yield | 1.88% | — |
| Distribution Frequency | — | — |
| Inception Date | 2012-02-14 | 2025-04-01 |
| Holdings Count | 47 | 39 |
| MorningStar Rating | ★★★★ | — |
| Category | India Equity | India Equity |
| Beta | 0.63 | 0.00 |
| 52-Week High | $59.60 | $27.40 |
| 52-Week Low | $49.62 | $21.28 |
| 50-Day MA | $53.65 | $24.63 |
| 200-Day MA | $54.53 | $24.42 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | NFTY | GIND |
|---|---|---|
| YTD | -5.62% | -2.78%✓ |
| 1 Year | -8.06%✓ | -8.49% |
| 3 Year | +3.69% | — |
| 5 Year | +2.92% | — |
| 10 Year | +6.44% | — |
| 1Y Volatility | 15.90% | 20.61% |
| Sharpe Ratio (3Y) | 0.18 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | ZOMATO | Zomato Limited | 2.66% |
| 2 | BAJAJ-AUTO | Bajaj Auto Limited | 2.33% |
| 3 | HCLTECH | HCL Technologies Limited | 2.32% |
| 4 | TITAN | Titan Company Limited | 2.30% |
| 5 | TECHM | Tech Mahindra Limited | 2.18% |
| 6 | APOLLOHOSP | Apollo Hospitals Enterprise Limited | 2.13% |
| 7 | JSWSTEEL | JSW Steel Limited | 2.12% |
| 8 | GRASIM | Grasim Industries Limited | 2.08% |
| 9 | BAJAJFINSV | Bajaj Finserv Limited | 2.03% |
| 10 | TCS | Tata Consultancy Services Limited | 2.02% |
| 1 | ICICIBANK | ICICI Bank Limited | 5.21% |
| 2 | HDFCBANK | HDFC Bank Limited | 3.43% |
| 3 | RELIANCE | Reliance Industries Limited | 2.81% |
| 4 | AXISBANK | Axis Bank Limited | 2.49% |
| 5 | M&M | Mahindra & Mahindra Limited | 2.43% |
| 6 | ZOMATO | Zomato Limited | 2.00% |
| 7 | SUNPHARMA | Sun Pharmaceutical Industries Limited | 1.92% |
| 8 | DIVISLAB | Divi's Laboratories Limited | 1.80% |
| 9 | SBIN | State Bank of India | 1.68% |
| 10 | BHARTIARTL | Bharti Airtel Limited | 1.61% |
Sector Weights
| Sector | NFTY | GIND |
|---|---|---|
| Basic Materials | 12.17% | 8.57% |
| Communication Services | 1.97% | 2.08% |
| Consumer Cyclicals | 16.70% | 16.35% |
| Consumer Defensive | 7.62% | 5.17% |
| Energy | 7.88% | 3.54% |
| Financial Services | 21.60% | 29.55% |
| Healthcare | 10.03% | 10.48% |
| Industrials | 7.82% | 11.35% |
| Real Estate | 0.00% | 2.15% |
| Technology | 10.43% | 8.38% |
| Utilities | 3.77% | 2.37% |
About NFTY
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to track the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India (NSE) by investing in all of the components of the NIFTY 50.
About GIND
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers economically tied to India. Equity investments include common stocks, preferred stocks, American depositary receipts ("ADRs") and global depositary receipts ("GDRs") of all market capitalizations. The fund is non-diversified.
Which ETF is Right for You?
Both NFTY and GIND are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, GIND scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between NFTY and GIND?
NFTY (First Trust India NIFTY 50 Equal Weight ETF) and GIND (Goldman Sachs India Equity ETF) are both Canadian-listed ETFs. Key differences include their AUM ($102M vs $159M), dividend yield (1.88% vs N/A), and year-to-date performance (-5.62% vs -2.78%).
Is NFTY better than GIND?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy NFTY and GIND on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both NFTY and GIND should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
7 stocks to buy and hold forever
Complement your ETF portfolio with these proven long-term individual stocks.
Get the FREE Report