Global X India Active ETF

Global X India Active ETF (NDIA) is an actively managed fund. Its managers pick about 30 Indian stocks that they judge to be market leaders, drawing on research from Mirae Asset's team in India. Its 0.75% expense ratio is above the 0.63% average of four similar India funds. It is also much smaller, with about $60 million in net assets as of May 31, 2026. Over the year to October 27, 2026, it lost less than those funds.

• Over the year to Oct 27, 2026, NDIA returned -13.0%, 1st of 5 among similar funds.
• Its worst full calendar year was 2025 (+5.0%); its best was 2024 (+5.8%).
• The deepest fall in its price history was 22% (Sep 23, 2024 to Mar 30, 2026), not yet recovered.

As of May 31, 2026, the fund held 30 securities; the ten largest made up 54.08% of assets.

• Over the three months to May 31, 2026, investors added a net $4.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -1.30%, +6.79%, -13.04%.

NDIA does not track an index. Its adviser, Global X Management Company, invests at least 80% of net assets in stocks of companies based in India or economically tied to it. That includes companies that trade mainly in India or earn at least half their revenue there. The managers look for companies that lead, or may come to lead, their markets by market share or size. They favor durable business models, links to long-term trends such as a growing middle class, and management that serves shareholders.

Selection starts with a numbers screen of trading volume, company size, returns and balance-sheet ratios. Then comes company research, including input from Mirae Asset Investment Managers (India). Risk limits cap the size of each position, keep sector weights within limits relative to the MSCI India Index, and set a target number of holdings. There is no fixed rebalancing schedule. As of May 31, 2026, the fund held 30 stocks, and the top 10 made up 54% of assets. Turnover was 20%, per the prospectus.

The fund is "non-diversified," meaning it can put more money into fewer companies, and it may hold 25% or more in one sector. It owns some stocks through depositary receipts. These are certificates that trade outside India and represent the local shares, such as those for ICICI Bank, Infosys and Reliance. Unlike most ETFs, it handles many investor exits in cash. That can force sales and taxable gains. A falling rupee also lowers its value in dollars.

• NDIA charges 0.75% a year, versus an average of 0.63% for the similar funds below (3rd of 5, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).

It is a concentrated, actively managed fund of about 30 stocks in a single emerging market, which makes it better suited to a small add-on than a portfolio's foundation.

NDIA adds exposure to Indian banks, energy, telecom and industrial companies. Its record is short. It launched in August 2023, so it did not exist during the 2008, 2020 or 2022 sell-offs. Both of its full calendar years were positive, with returns of 6.61% in 2024 and 4.2% in 2025. But it fell 22% from September 23, 2024, to March 30, 2026, and had not recovered as of October 27, 2026. Anyone who had to sell shares for spending during that stretch would have locked in losses. Income is modest: the yield was 1.26% as of October 27, 2026, paid once a year. Under the SEC's standard $10,000 example, costs come to $77 after one year and $930 over 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.