Nifty India Financials ETF (INDF)
Nifty India Financials ETF operates in the Asset Management industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $31.25, down 17.35% on the session, giving a market capitalisation of $9.5M. Its beta of 0.39 implies it has historically moved less than the broad market.
This fund typically allocates a minimum of 80% of its overall holdings to the underlying securities of its benchmark index or to equivalent depository receipts. The benchmark itself is structured to gauge the financial progress of entities operating within India's financial sector. This encompasses a broad spectrum of firms, including banking institutions, general financial entities, housing finance providers, insurance carriers, and diverse other companies offering financial services.
Nifty India Financials ETF is most often compared with the following Financial Services names: