The Global X India Nifty 50 ETF (ASX: NDIA) invests in 50 of the largest companies in India.
NDIA aims to track, before fees and expenses, the performance of the NSE Nifty50 Index. The index invests in the 50 largest and most liquid blue-chip companies listed on the NSE and represents more than 67% of the market capitalisation of India.
1 Source: Morningstar; Bloomberg; ETF Securities. Data as at 10th November 2020
2 https://www.cbre.com/research-and-reports/India-2030---Exploring-the-future
3 https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html
1 IMF, July 2022
Infrastructure Investment
Reform and Fiscal Policies
Consumption
4 Source: India 2030: exploring the Future; National Infrastructure Pipeline
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The issuer of units in Global X India Nifty 50 ETF (NDIA) ARSN: 628 037 856 is the responsible entity of the Fund, being Global X Management (AUS) Limited (AFSL 466778) (“Global X”). The product disclosure statement (PDS) for the Fund contains all of the details of the offer of units in the Fund. Copies of the PDS are available from Global X Management (AUS) Limited or at www.globalxetfs.com.au. In respect of each retail product, Global X has prepared a target market determination (TMD) which describes the type of customers who the relevant retail product is likely to be appropriate for. The TMD also specifies distribution conditions and restrictions that will help ensure the relevant product is likely to reach customers in the target market. Each TMD is available at www.globalxetfs.com.au. The information provided in this document is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information in this document, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of Global X, the group of companies which Mirae Asset Global Investments Co., Ltd is the parent , or their respective directors, employees or agents guarantees the performance of any products issued by Global X or the repayment of capital or any particular rate of return therefrom. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance. Global X India Nifty 50 ETF offered by Global X Management (AUS) Limited or its affiliates is not sponsored, endorsed, sold or promoted by NSE INDICES LTD and its affiliates. NSE INDICES LTD and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of Global X India Nifty 50 ETF or any member of the public regarding the advisability of investing in securities generally or in the Global X India Nifty 50 ETF linked to the Nifty50 Index or particularly in the ability of the Nifty 50 Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty50 Index in the Product Disclosure Statement.
Information current as at 18 August 2022.
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Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than US$528 billion in assets under management worldwide.¹ Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with almost $100 billion in assets under management.²
¹ Assets under management as at March 2023, Mirae Asset Global Investments
² Assets under management as at June 2023, Mirae Asset Global Investments
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NDIA invests in the 50 largest companies by market capitalisation listed on the NSE. To provide some examples:
HDFC Bank is one of the largest companies in the Nifty50. It is one of the largest banks and the largest private sector lenders in India. Its distribution network spans the country with over 5,000 branches and over 13,000 ATMs. HDFC Bank is amongst the top three players in auto and personal loans, commercial vehicles, cash and supply chain management.
Hindustan Unilever (HUL) is one of the largest consumer goods providers in India, with a powerful brand and envious distribution network. HUL’s portfolio of products covers a wide spectrum including soaps, detergent, skin cream, shampoo, toothpaste, tea, coffee and packaged foods. An investment in HUL is a play on consumption growth in India and is boosted by improved personal care and strong growth in processed foods and beverages.
NDIA can be used in portfolios to provide either a strategic or tactical allocation to India and emerging markets.
Yes. NDIA is unhedged, meaning you are exposed to the currency movements between the Australian dollar and Indian rupee. If the rupee appreciates against the Australian dollar, this will positively impact NDIA’s performance. If the rupee depreciates against the Australian dollar, this will negatively impact NDIA’s performance.
As of 2019, the Indian economy is the 7th largest in the world and is forecast to become the 3rd largest by 2030 according to research by Standard Chartered. Furthermore, India’s population is the second largest in the world in 2019, currently at over 1.3 billion, and is set to overtake China’s population by 2027, according to the United Nations 2019 World Population Prospects report. On the other hand, India’s market capitalisation represents less than 3% of global equity markets. As such, the major emerging markets indices and many emerging markets funds include only a small allocation to India. Investors who subscribe to the view that India’s growth potential is greater than its current market size can use NDIA to increase their portfolio’s allocation to India to their desired level.
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