ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Direct Indexing
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Multifactor
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. NextFins Releases Nifty India Financials ETF, INDF
News
Share

NextFins Releases Nifty India Financials ETF, INDF

Aaron NeuwirthOct 22, 2020
2020-10-22

On Wednesday, NextFins announced the launch of the Nifty India Financials ETF (INDF), which is now available for trading. INDF will trade in US Dollars during US market hours.

The Nifty India Financials ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nifty Financial Services 25/50 Index.

This index comprises Indian banks, financial institutions, housing finance companies, insurance companies, and other financial services companies in India.

“INDF allows investors to access the financial companies that directly participate in the megatrends driving Indian economic growth: a young population, a growing workforce, urbanization, increasing access to the digital economy through smartphones, and rising personal credit penetration,” NextFins said in a statement issued earlier on Wednesday.

Accepting The Challenge

As stated by Amit Anand, co-founder of Adi Capital Management and Managing Member of the INDF team, “This fund is the first and only fund that provides ETF investors direct access to India’s financial companies. Indian financials benefit from the megatrends driving India’s growth, but US investors had no way of accessing those companies through an ETF before INDF.”

When considering challenges, Anand continues, “The main challenge related to the launch was identifying an index that meets RIC diversification rules. To that end, we worked closely with Nifty, the Index provider to INDF, in coming up with a variant to their Nifty Financial Services Index that satisfies the necessary rules.”

About the Nifty Financial Services 25/50 Index: The Nifty Financial Services 25/50 Index is managed by NSE Indices Limited and tracks a well-distributed portfolio of top 20 stocks within the Financial Services sector in India.

About NextFins: NextFins was founded in 2020 with the goal of democratizing access to smart investment ideas. INDF is the first ETF in NextFins’ roadmap.

Investors may purchase shares of INDF through their financial advisors or online brokers. More
information about INDF can be found at www.indiafinancials.com.

This article originally appeared on ETFTrends.com.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Sep 27

Eye Equal-Weight ETF EQL to End 2023

Sep 27

Use In-Plan Protected Income Solutions to Improve Retirement Confidence

Sep 27

Day Hagan Tech Talk: Short & to the Point

Sep 27

Shift From Fear to Greed Presents Historic Opportunities

Sep 27

BKLN Accretes $1 Billion in 1-Month Flows

Sep 27

DBMF Gains 2.5% in One Week, Recovers YTD Losses

Sep 27

Dimensional Launches Ultrashort Fixed Income and World Equity ETFs

Sep 27

2 Signs of Stock Market Strength, Courtesy of the Bond Market

Sep 27

Bull vs Bear: Is the Best Equity Opportunity in SMIDcaps?  

Sep 27

Use International Multifactor ETFs to Diversify Portfolios

QQQ

Invesco QQQ Trust Series I

SPY

SPDR S&P 500 ETF Trust

TLT

iShares 20+ Year Treasury...

VOO

Vanguard S&P 500 ETF

SCHD

Schwab US Dividend Equity ETF...

XLE

Energy Select Sector SPDR...

DGRO

iShares Core Dividend Growth...

TMF

Direxion Daily 20+ Year...

VUG

Vanguard Growth ETF

IYW

iShares U.S. Technology ETF


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X