Matthews India Active ETF (INDE) Holdings
INDE holdings summary
as of Oct 24, 2026- Holdings
- 61 positions listed
- Top 10 weight
- 43.7% of net assets
- Effective holdings
- 24 equal-weight equivalent
- Largest holding
- ZOMATO 9.58% Zomato Limited
- Annual turnover
- 14.7% of the portfolio traded
All INDE holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | ZOMATO | Zomato Limited | Consumer Cyclical | 9.58% | $1.6M | — | — |
| 2 | ICICIBANK | ICICI Bank Limited | Financial Services | 7.82% | $1.3M | — | — |
| 3 | HDFCBANK | HDFC Bank Limited | Financial Services | 6.15% | $1.0M | — | — |
| 4 | NEULANDLAB | Neuland Laboratories Limited | Healthcare | 4.25% | $722,637.67 | — | — |
| 5 | BHARTIARTL | Bharti Airtel Limited | Communication Services | 3.73% | $634,136.51 | — | — |
| 6 | AXISBANK | Axis Bank Limited | Financial Services | 3.13% | $531,499.64 | — | — |
| 7 | RELIANCE | Reliance Industries Limited | Energy | 2.34% | $397,957.87 | — | — |
| 8 | GPPL | Gujarat Pipavav Port Limited | Industrials | 2.33% | $396,088.97 | — | — |
| 9 | STARHEALTH | Star Health and Allied Insurance Company Limited | Financial Services | 2.22% | $377,331.95 | — | — |
| 10 | SHRIRAMFIN | Shriram Finance Limited | Financial Services | 2.17% | $369,414.59 | — | — |
| 11 | MARICO | MARICO LTD. | Consumer Defensive | 2.08% | $353,681.81 | — | — |
| 12 | SWIGGY | SWIGGY LIMITED | Consumer Cyclical | 1.70% | $289,629.33 | — | — |
| 13 | TCS | Tata Consultancy Services Limited | Technology | 1.70% | $288,491.00 | — | — |
| 14 | SONACOMS | Sona BLW Precision Forgings Limited | Consumer Cyclical | 1.50% | $254,459.93 | — | — |
| 15 | M&M | Mahindra & Mahindra Limited | Consumer Cyclical | 1.44% | $243,841.15 | — | — |
| 16 | TVSMOTOR | TVS Motor Company Limited | Consumer Cyclical | 1.35% | $230,011.26 | — | — |
| 17 | ICICIGI | ICICI Lombard General Insurance Company Limited | Financial Services | 1.32% | $223,656.98 | — | — |
| 18 | BHEL | Bharat Heavy Electricals Limited | Industrials | 1.07% | $182,405.14 | — | — |
| 19 | INFY | Infosys Limited | Technology | 1.07% | $182,099.32 | — | — |
| 20 | HFCL | HFCL Limited | Technology | 1.07% | $181,198.85 | — | — |
| 21 | VBL | Varun Beverages Limited | Consumer Defensive | 1.04% | $177,512.01 | — | — |
| 22 | TATAGLOBAL | Tata Consumer Products Limited | Other | 1.00% | $170,580.07 | — | — |
| 23 | GESHIP | The Great Eastern Shipping Company Limited | Industrials | 1.00% | $169,662.61 | — | — |
| 24 | IXIGO | Le Travenues Technology Ltd | Consumer Cyclical | 0.96% | $163,919.97 | — | — |
| 25 | MFSL | Max Financial Services Ltd | Financial Services | 0.95% | $161,422.44 | — | — |
| 26 | THERMAX | Thermax Limited | Industrials | 0.90% | $152,451.69 | — | — |
| 27 | ULTRACEMCO | UltraTech Cement Limited | Basic Materials | 0.84% | $142,342.61 | — | — |
| 28 | CARTRADE | Cartrade Tech Limited | Consumer Cyclical | 0.84% | $142,070.77 | — | — |
| 29 | JYOTICNC | Jyoti CNC Automation Limited | Industrials | 0.82% | $139,522.27 | — | — |
| 30 | CADILAHC | Zydus Lifesciences Ltd | Healthcare | 0.80% | $135,733.49 | — | — |
| 31 | FEDERALBNK | The Federal Bank Limited | Financial Services | 0.78% | $132,352.47 | — | — |
| 32 | HINDALCO | HINDALCO INDUSTRIES LTD. | Basic Materials | 0.76% | $129,837.94 | — | — |
| 33 | AMRUTANJAN | Amrutanjan Health Care Limited | Healthcare | 0.76% | $128,971.45 | — | — |
| 34 | 542812 | Gujarat Fluorochemicals Ltd. | Basic Materials | 0.75% | $127,119.53 | — | — |
| 35 | EXIDEIND | Exide Industries Limited | Consumer Cyclical | 0.75% | $126,609.83 | — | — |
| 36 | SBIN | State Bank of India | Financial Services | 0.73% | $124,078.31 | — | — |
| 37 | UNITDSPR | UNITED SPIRITS LTD. | Consumer Defensive | 0.72% | $121,665.73 | — | — |
| 38 | EICHERMOT | Eicher Motors Limited | Consumer Cyclical | 0.69% | $117,741.03 | — | — |
| 39 | DELHIVERY | Delhivery Limited | Industrials | 0.69% | $117,571.13 | — | — |
| 40 | METROPOLIS | Metropolis Healthcare Limited | Healthcare | 0.69% | $117,350.25 | — | — |
| 41 | DIVISLAB | Divi's Laboratories Limited | Healthcare | 0.68% | $115,515.33 | — | — |
| 42 | SBCL | Shivalik Bimetal Controls Limited | Industrials | 0.66% | $112,728.96 | — | — |
| 43 | AUBANK | AU Small Finance Bank Limited | Financial Services | 0.64% | $108,226.60 | — | — |
| 44 | ACE | ACTION CONSTRUCTION EQUIPMENT LTD. | Industrials | 0.62% | $106,136.82 | — | — |
| 45 | GODREJCP | Godrej Consumer Products Limited | Consumer Defensive | 0.59% | $100,122.35 | — | — |
| 46 | SUNPHARMA | Sun Pharmaceutical Industries Limited | Healthcare | 0.50% | $85,680.81 | — | — |
| 47 | CUMMINSIND | Cummins India Limited | Industrials | 0.50% | $84,440.53 | — | — |
| 48 | INDIGO | InterGlobe Aviation Limited | Industrials | 0.48% | $82,401.73 | — | — |
| 49 | MIDHANI | Mishra Dhatu Nigam Limited | Basic Materials | 0.47% | $80,566.80 | — | — |
| 50 | KAYNES | Kaynes Technology India Ltd | Industrials | 0.47% | $80,464.86 | — | — |
| 51 | CGPOWER | CG Power and Industrial Solutions Limited | Industrials | 0.47% | $79,309.54 | — | — |
| 52 | HONASA | Honasa Consumer Limited | Consumer Defensive | 0.47% | $79,241.58 | — | — |
| 53 | TECHNOE | Techno Electric & Engineering Company Limited | Industrials | 0.47% | $79,173.62 | — | — |
| 54 | TITAN | Titan Company Limited | Consumer Cyclical | 0.44% | $74,161.56 | — | — |
| 55 | IKS | INVENTURUS KNOWLEDGE SO L | Healthcare | 0.44% | $74,127.58 | — | — |
| 56 | SYRMA | Syrma SGS Technology Ltd | Technology | 0.43% | $73,855.73 | — | — |
| 57 | CARBORUNIV | Carborundum Universal Limited | Industrials | 0.34% | $57,715.19 | — | — |
| 58 | PGEL | PG Electroplast Limited | Technology | 0.33% | $56,372.98 | — | — |
| 59 | BLACKBUCK | ZINKA LOGISTICS SOL LTD | Technology | 0.33% | $55,336.58 | — | — |
| 60 | AURIONPRO | Aurionpro Solutions Limited | Technology | 0.27% | $45,414.40 | — | — |
| 61 | AETHER | Aether Industries Ltd | Basic Materials | 0.23% | $39,518.85 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($17.0M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
INDE sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 25.9% | 10 | ICICIBANK, HDFCBANK, AXISBANK |
| Consumer Cyclical | 19.2% | 10 | ZOMATO, SWIGGY, SONACOMS |
| Industrials | 10.8% | 14 | GPPL, BHEL, GESHIP |
| Healthcare | 8.1% | 7 | NEULANDLAB, CADILAHC, AMRUTANJAN |
| Technology | 5.2% | 7 | TCS, INFY, HFCL |
| Consumer Defensive | 4.9% | 5 | MARICO, VBL, UNITDSPR |
| Communication Services | 3.7% | 1 | BHARTIARTL |
| Basic Materials | 3.1% | 5 | ULTRACEMCO, HINDALCO, 542812 |
| Energy | 2.3% | 1 | RELIANCE |
| Other | 1.0% | 1 | TATAGLOBAL |
Sum of the weights of the holdings in each sector.
INDE top industries
INDE overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 1.5% | 57 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 0 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.0% | 0 of 1,962 | 0.19% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the INDE portfolio
Matthews India Active ETF holds 61 positions. The ten largest make up 43.7% of the fund and the top 50 80.1%, so it behaves like a portfolio of about 24 equally weighted positions. The biggest positions are Zomato Limited (9.58%), ICICI Bank Limited (7.82%), HDFC Bank Limited (6.15%), Neuland Laboratories Limited (4.25%), Bharti Airtel Limited (3.73%).
By sector, Financial Services is 25.9%, Consumer Cyclical is 19.2%, Industrials is 10.8%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 24, 2026; positions change as the fund rebalances.
Related: INDE chart, INDE performance, INDE dividends, INDE overview.
INDE holdings FAQ
How many holdings does INDE have?
INDE holds 61 positions as of October 24, 2026.
What are the top 10 holdings of INDE?
The ten largest holdings are Zomato Limited (9.58%), ICICI Bank Limited (7.82%), HDFC Bank Limited (6.15%), Neuland Laboratories Limited (4.25%), Bharti Airtel Limited (3.73%), Axis Bank Limited (3.13%), Reliance Industries Limited (2.34%), Gujarat Pipavav Port Limited (2.33%), Star Health and Allied Insurance Company Limited (2.22%), Shriram Finance Limited (2.17%). Together they are 43.7% of the fund.
What percentage of INDE is Zomato Limited?
Zomato Limited is the largest holding at 9.58% of net assets, about $1.6M of the fund's $17.0M.
Which sector is the largest in INDE?
Financial Services is the largest sector at 25.9%, followed by Consumer Cyclical (19.2%) and Industrials (10.8%), based on the sectors of the individual holdings.
How concentrated is INDE?
The top 10 holdings are 43.7% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) INDE behaves like a portfolio of about 24 equally weighted positions.