Investing in India with a local ETF
The Indian market, Nifty 50, is trading at all-time highs and last year the country over took the UK to become the worlds fifth largest economy. It has also recently over taken China to become the worlds most populated country and you can invest in India with a local ETF.
Satrix listed an Index ETF (JSE code: STXNDA in February 2022) finally giving local investors an opportunity to invest into he country and India is the region I get asked about the most with previously very little local opportunity for investors.
India has kept inflation under control and rate increases have been modest. The country is also picking up some manufacturing slack from China, for example India now manufactures iPhones in country rather then import them.
The Top 10 holdings (as below) don’t mean much to us as we don’t know most of the companies.
Satrix India ETF ~ Top 10 holdings
But a look at the sectors makes a lots more sense. Financials almost 27% with IT at 13.5%, Energy 11.9% and consumer discretionary 10.8%.
Satrix India ETF ~ Sectors
You can also get some Indian exposure in the Satrix Emerging Market ETF (JSE code: STXEMG).
Chart by Foyfin, get 15% off when you sign up.
Satrix ETF details
| ETF Name: | Satrix MSCI India Feeder ETF |
| ETF Code: | STXNDA |
| ETF Issuer: | Satrix |
| Issue date: | 24 February 2022 |
| Total investment cost: | 0.80% |
| ETF Benchmark: | Nasdaq 100 |
| Tax-free: | Allowed |
| Market cap: | R238million |
| Dividend yield: | Re-invested |
| Performance 1 year: | +21.4% |
| Performance since listing: | +28.7% |
ETF blog
At Just One Lap, we are big fans of passive investment using ETFs. In this weekly blog, we discuss ETFs on the local market and the factors you need to consider when choosing an ETF. If you have wondered how one ETF differs from another, this is where you can find out. We explain which index each ETF tracks, what type of portfolio could benefit from holding each ETF, and how the costs will affect your bottom line.