Question 1

What is INDY?

Accepted Answer

INDY — iShares India 50 ETF — is a Canadian-listed ETF trading on the NASDAQ. The underlying index measures the equity performance of the top 50 companies by free float market capitalization whose equity securities trade in the Indian securities markets. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securitie…

Question 2

What is the INDY ETF price today?

Accepted Answer

INDY last traded at $40.79 CAD on the NASDAQ. See the price chart above for recent performance.

Question 3

What is the INDY MER (management expense ratio)?

Accepted Answer

INDY has a management expense ratio (MER) of 0.89% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time.

Question 4

What are INDY annualised returns?

Accepted Answer

INDY historical returns: YTD: -5.47%, 1-year: -12.47%, 3-year annualised: -0.22%, 5-year annualised: -0.70%, 10-year annualised: +5.25%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.12, which measures risk-adjusted return.

Question 5

Does INDY pay dividends or distributions?

Accepted Answer

Yes, INDY distributes income to unitholders. The current distribution yield is approximately 0.85%, paid na. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does INDY invest in?

Accepted Answer

INDY's top holdings include HDFC Bank Limited (HDFCBANK, 10.6%), ICICI Bank Limited (ICICIBANK, 8.9%), Reliance Industries Limited (RELIANCE, 7.6%), Bharti Airtel Limited (BHARTIARTL, 5.2%), Larsen & Toubro Limited (LT, 4.2%) — and 44 more positions. See the full Top 10 Holdings table above for a complete breakdown.

Question 7

What sectors does INDY invest in?

Accepted Answer

INDY's largest sector exposures are Financial Services (36.4%), Consumer Cyclicals (11.8%), Energy (10.5%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is INDY? (Assets under management)

Accepted Answer

INDY has approximately $500M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was INDY launched?

Accepted Answer

INDY was launched on November 18, 2009, giving it a 17-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy INDY in Canada?

Accepted Answer

INDY trades on the NASDAQ under the ticker INDY. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is INDY?

Accepted Answer

INDY has a 1-year volatility of 15.49% and a beta of 0.51 (less volatile than the broad market). Its 3-year Sharpe ratio of -0.12 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$40.82	$40.92	$40.66	$40.79	$40.79	100,905
2026-09-30	$41.00	$41.07	$40.93	$40.95	$40.95	110,128
2026-09-29	$41.12	$41.23	$41.07	$41.23	$41.23	88,300
2026-09-28	$41.32	$41.42	$41.22	$41.24	$41.24	54,900
2026-09-25	$41.87	$41.97	$41.77	$41.92	$41.92	51,100
2026-09-24	$41.79	$41.87	$41.62	$41.69	$41.69	32,865
2026-09-23	$42.34	$42.36	$42.04	$42.06	$42.06	56,400
2026-09-22	$42.34	$42.47	$42.27	$42.37	$42.37	39,812
2026-09-21	$42.36	$42.56	$42.29	$42.51	$42.51	85,607
2026-09-18	$42.10	$42.11	$41.99	$42.03	$42.03	114,400

#	Ticker	Name	Weight
1	HDFCBANK	HDFC Bank Limited	10.59%
2	ICICIBANK	ICICI Bank Limited	8.86%
3	RELIANCE	Reliance Industries Limited	7.59%
4	BHARTIARTL	Bharti Airtel Limited	5.15%
5	LT	Larsen & Toubro Limited	4.20%
6	SBIN	State Bank of India	3.82%
7	INFY	Infosys Limited	3.41%
8	AXISBANK	Axis Bank Limited	3.33%
9	KOTAKBANK	Kotak Mahindra Bank Limited	2.92%
10	M&M	Mahindra & Mahindra Limited	2.52%

Sector	Weight
Financial Services	36.40%
Consumer Cyclicals	11.78%
Energy	10.47%
Industrials	7.91%
Technology	7.90%
Basic Materials	7.34%
Consumer Defensive	5.57%
Communication Services	5.20%
Healthcare	4.86%
Utilities	2.58%
Real Estate	0.00%

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CIBC Investor's Edge

iShares India 50 ETF (INDY : NASDAQ)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About iShares India 50 ETF

ETF Details

7 stocks to buy and hold forever

Compare INDY

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Frequently Asked Questions — INDY