The experts believe that India will outpace the growth of China in 2013. It is quite natural that the number of ETFs is growing rapidly in India to get the benefit of India’s growing economy. The table at the below shows the name and data on performances of some of the best ETFs in India.
|
NAME OF THE ETF |
SYMBOL |
PRICE in US$ |
% CHANGE |
AVERAGE VOLUME |
ASSETS |
YEAR TO DATE |
| WisdomTree Earnings Fund India | EPI |
$19.06 |
-2.21% |
3,202,136 |
$872,818 |
-27.20% |
| iPath MSCI ETN Index India | INP |
$56.46 |
-2.00% |
169,214 |
$565,753 |
-27.30% |
| PowerShare India Portfolio | PIN |
$19.06 |
-2.11% |
603,890 |
$370,557 |
-25.14% |
| iSharesS&P India Nifty 50 Index Fund | INDY |
$23.45 |
-2.09% |
139,741 |
$174,783 |
-24.92% |
| India Infrastructure ETF | INXX |
$14.81 |
-2.57% |
22,468 |
$64,380 |
-29.24% |
| India Small-Cap Index ETF | SCIF |
$12.49 |
-1.65% |
47,625 |
$43,400 |
-37.86% |
| Emerging Global Shares Index India Small Cap Exchange Traded Fund | SCIN |
$15.18 |
-2.06% |
22,368 |
$23,142 |
-31.13% |
| EG Share India Consumer exchange-traded fund | INCO |
$32.00 |
-8.02%- |
6,688 |
$3,478 |
+30.93% |
| Direxion Daily India Bear 2X Shares | INDZ |
$18.50 |
-1.75% |
0 |
$3,666 |
n/a |
| Direxion Daily India Bull 2X | INDL |
$26.30 |
4.61% |
13,643 |
$12,870 |
-47.71% |
Which Exchange Traded Funds To Buy?
Here are the names of few best ETFs in India worth considering to invest:
Wisdom Tree India Earnings Fund invests in well known and widely traded stocks of Indian companies that fulfill the following conditions:
- Have earning over $5.00 million in the last financial year.
- Have a market capitalization over $200 million.
- Daily average traded volume is more than $200,000 for each 6 months before the date of date of Index measurement.
- Shares were traded per month more than 250,000 each 6 months before the date of date of Index measurement.
- With a P/E Ratio or Price Earnings Ratio more than 2 on the date of date of Index measurement.
- Top holdings (4 to 5 Stars) & Percent in portfolio: Infosys (7%), Tata Motors ((3.%%), ICICI Bank (2.8%).
Power Shares India Portfolio: Ittracks Indus India Index which is considered as the replica of equity market in India as 50 leading stocks traded in two major stock exchanges in India constitute the Index.
Direxion Daily India Bull 2x Shares: This ETF is leveraged on every trading day that aims for 200% or 2X performance at daily return on Indus Indian index.
The Indian stock market has a huge growth potential with more than 1 billion people. The Indian middle class can outnumber the total population of US. This is definitely a good news for the ETFs functioning in India.
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