At a glance
DGIN charges 0.7% a year, above the 0.68% average of the 6 funds most like it (the 3rd cheapest of 7). It has $15.0M in assets, the 7th largest of that group; it paid 2.27% of its price in distributions over the past 12 months, annual. Over the past year it returned −18.1% with distributions reinvested (S&P 500: +11.5%), 6th of those 7 funds; over three years it returned +3.6% a year. Its ten largest positions make up 59.6% of the fund, out of 30 in all.
The short version
VanEck Digital India ETF (DGIN) tracks the MVIS Digital India Index, offering targeted exposure to Indian telecom, internet, e-commerce and digital-payment companies such as Reliance Industries, Bharti Airtel and Eternal. It is a narrow, small fund: 30 stocks, about 60% in the top 10 and roughly $15 million in assets as of June 30, 2026. Its 0.70% yearly fee is below The India Internet ETF's 0.86% but above iShares MSCI India ETF's 0.62%.
Price history
The interactive chart needs JavaScript.
DGIN -18.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DGIN official prospectus, to Dec 31, 2025 | — | -5.95% | — | — | — | +4.03% |
| MSCI ACWI Index (reflects no deduction for fees, expenses or taxes, except withholding taxes) index, same period | — | +22.34% | — | — | — | +11.16% |
| DGIN price data to Oct 27, 2026 | -15.9% | -18.1% | +3.6% | — | — | +0.9% |
- Over the year to Oct 27, 2026, DGIN returned -18.1%, 6th of 7 among similar funds.
- Its worst full calendar year was 2025 (-6.0%); its best was 2023 (+30.3%).
- The deepest fall in its price history was 33.6% (Dec 16, 2024 to Mar 30, 2026), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -15.9% | — |
| 2025 | -6.0% | -5.95% |
| 2024 | +22.6% | +23.03% |
| 2023 | +30.3% | +30.07% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.7800 | +766.7% |
| 2023 | $0.0900 |
What's inside
As of Jun 30, 2026, the fund held 30 securities; the ten largest made up 59.57% of assets.
| Holding | Weight | |
|---|---|---|
| Reliance Industries Ltd | 7.96% | |
| Bharti Airtel Ltd | 7.94% | |
| Eternal Ltd | 7.36% | |
| Jio Financial Services Ltd | 6.36% | |
| PB Fintech Ltd | 6.16% | |
| FSN E-Commerce Ventures Ltd | 5.07% | |
| Indus Towers Ltd | 4.96% | |
| Swiggy Ltd | 4.70% | |
| One 97 Communications Ltd | 4.59% | |
| Vodafone Idea Ltd | 4.46% | |
| Dixon Technologies India Ltd | 4.45% | |
| Billionbrains Garage Ventures Ltd | 4.40% | |
| Info Edge India Ltd | 4.32% | |
| MakeMyTrip Ltd | 2.87% | |
| Tata Communications Ltd | 2.85% |
By country
India 97.64%MU 2.87%By asset type
Stocks 100.5%What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $885K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.29%, +2.25%, +2.13%.
How it works
DGIN is an index fund: it aims to match the MVIS Digital India Index, before fees, rather than beat it. The index is published by MarketVector, a wholly owned VanEck subsidiary. To qualify, a company must be based in India, trade on an eligible exchange, and get at least half its revenue from India and at least half from digital businesses such as software, hardware, IT services, telecom, internet applications, e-commerce and electronic payments. India's 10 largest telecom companies by revenue also qualify.
The fund generally holds the index's stocks directly and normally keeps at least 80% of assets in index securities. The index is reconstituted (members added or dropped) and rebalanced (weights reset) every quarter. As of December 31, 2025, its members ranged from about $0.89 billion to $236.82 billion in market value. As of June 30, 2026, the fund held 30 positions, led by Reliance Industries (8.0%) and Bharti Airtel (7.9%).
The fund is non-diversified, meaning it can put more of its assets into one company than a diversified fund can, and it may concentrate in an industry when the index does. It uses no leverage, and its June 30, 2026, holdings included no derivatives such as options or swaps. Because its stocks are priced in foreign currency, the fund's dollar value also moves with exchange rates.
What it really costs
- DGIN charges 0.7% a year, versus an average of 0.68% for the similar funds below (3rd of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $72 in the first year and $871 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DGIN | $72 | $224 | $390 | $871 |
In a retirement portfolio
A single-country, single-theme stock fund with 30 holdings and an unrecovered 33.6% drop as of October 27, 2026, fits as a small add-on rather than a foundation.
DGIN could add a slice of India's telecom, internet and digital-payments companies. It launched in February 2022, so its record misses the 2008 and 2020 crashes and the start of the 2022 bear market. Its worst full calendar year was 2025, a 5.95% loss, but 2026 was down 15.9% through October 27, 2026. Its deepest drop, 33.6% from December 16, 2024, to March 30, 2026, had not been recovered by October 27, 2026. Withdrawals in that stretch meant cashing out at depressed prices.
Income is modest: a 2.27% yield over the prior 12 months as of October 27, 2026, paid once a year. Under the SEC's standard example ($10,000 invested, 5% yearly return), the 0.70% expense ratio costs about $72 in year one and $871 over 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting India's telecom, internet and payments firms, such as Bharti Airtel and Eternal, in a mix overlapping little with iShares MSCI India ETF.
- Long-term investors able to hold a small, volatile position through deep slumps like its 33.6% drop from December 2024 to March 2026.
- Investors wanting a digital-India theme at a lower fee than some rivals: 0.70%, versus 0.86% for The India Internet ETF.
Look elsewhere if
- Investors wanting broad, low-cost India exposure: Franklin FTSE India ETF charges 0.19%, and iShares MSCI India ETF 0.62%, versus DGIN's 0.70%.
- Retirees needing regular income: its 2.27% 12-month yield as of October 27, 2026, is paid once a year, not monthly or quarterly.
- Investors wary of very small funds: net assets were about $15 million as of June 30, 2026, the smallest of seven India ETFs compared.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| DGIN this fund | — | 0.7% | $15.0M | -18.1% | +3.6% |
| INQQ The India Internet ETF | 50% | 0.86% | $45.9M | -20.7% | +3.1% |
| NDIA Global X India Active ETF | 17% | 0.76% | $59.6M | -13.0% | +3.2% |
| INCO Columbia India Consumer ETF | 9% | 0.75% | $225.9M | -14.0% | +5.0% |
| INDA iShares MSCI India ETF | 8% | 0.62% | $6.75B | -14.6% | +3.1% |
| INDY iShares India 50 ETF | 8% | 0.89% | $558.0M | -16.3% | +1.2% |
| FLIN Franklin FTSE India ETF | 8% | 0.19% | $2.72B | -14.7% | +3.9% |
Questions investors ask
What stocks are in DGIN?
DGIN holds Indian companies tied to the country's digital economy. As of June 30, 2026, its 30 positions were led by Reliance Industries (8.0%), Bharti Airtel (7.9%), Eternal (7.4%), Jio Financial Services (6.4%) and PB Fintech (6.2%), and the top 10 made up about 60% of assets. Others included Swiggy, One 97 Communications, Vodafone Idea, Indus Towers and Info Edge India. About 98% of assets were in Indian companies. The list can change at the index's quarterly rebalancing.
How has DGIN performed since it launched?
Modestly, with large swings. Per its prospectus filed April 29, 2026, DGIN returned an average of 4.03% a year from its February 2022 launch through December 31, 2025. The MSCI ACWI Index, a broad global stock benchmark, returned 11.16% a year over the same stretch. DGIN's yearly returns were 30.07% in 2023 and 23.03% in 2024, followed by a 5.95% loss in 2025. Based on market price, it lost 18.1% in the 12 months through October 27, 2026.
What's the difference between DGIN and INQQ?
The main differences are cost and size. The India Internet ETF (INQQ) is DGIN's closest match by holdings among the India ETFs compared, but it charges 0.86% a year versus DGIN's 0.70%. INQQ is larger, with about $45.9 million in net assets as of August 31, 2026, against about $15.0 million for DGIN as of June 30, 2026. Through October 27, 2026, DGIN returned -18.1% over one year and 3.6% a year over three; INQQ returned -20.7% and 3.1%.
Does DGIN pay dividends?
Yes, once a year. DGIN's yield over the prior 12 months was 2.27% as of October 27, 2026, or about $0.78 per share. Because it pays annually, it does not provide steady monthly or quarterly income. The dividends the fund collects from its Indian holdings may be paid in foreign currencies, so the dollar amount passed on to shareholders can vary with exchange rates.
What is DGIN's expense ratio?
DGIN's expense ratio, the yearly fee taken from fund assets, is 0.70%, per its prospectus filed April 29, 2026. Under the SEC's standard example ($10,000 invested, 5% annual return), costs would total about $72 after one year, $390 after five and $871 after 10. That ranks third-lowest of the seven India ETFs compared and is slightly above the 0.68% average of the six similar funds. Franklin FTSE India ETF charges 0.19% and iShares MSCI India ETF 0.62%.