iShares India 50 ETF (INDY) Holdings
INDY holdings summary
as of Oct 25, 2026- Holdings
- 49 positions listed
- Top 10 weight
- 54.9% of net assets
- Effective holdings
- 23 equal-weight equivalent
- Largest holding
- HDFCBANK 10.31% HDFC Bank Limited
- Annual turnover
- 111.3% of the portfolio traded
All INDY holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | HDFCBANK | HDFC Bank Limited | Financial Services | 10.31% | $51.1M | — | — |
| 2 | ICICIBANK | ICICI Bank Limited | Financial Services | 10.14% | $50.2M | — | — |
| 3 | RELIANCE | Reliance Industries Limited | Energy | 7.75% | $38.4M | — | — |
| 4 | BHARTIARTL | Bharti Airtel Limited | Communication Services | 5.80% | $28.8M | — | — |
| 5 | LT | Larsen & Toubro Limited | Industrials | 3.97% | $19.7M | — | — |
| 6 | INFY | Infosys Limited | Technology | 3.94% | $19.5M | — | — |
| 7 | SBIN | State Bank of India | Financial Services | 3.91% | $19.4M | — | — |
| 8 | AXISBANK | Axis Bank Limited | Financial Services | 3.53% | $17.5M | — | — |
| 9 | KOTAKBANK | Kotak Mahindra Bank Limited | Financial Services | 3.02% | $14.9M | — | — |
| 10 | BAJFINANCE | Bajaj Finance Limited | Financial Services | 2.48% | $12.3M | — | — |
| 11 | TCS | Tata Consultancy Services Limited | Technology | 2.41% | $12.0M | — | — |
| 12 | M&M | Mahindra & Mahindra Limited | Consumer Cyclical | 2.41% | $12.0M | — | — |
| 13 | ITC | ITC Limited | Consumer Defensive | 2.36% | $11.7M | — | — |
| 14 | ETERNAL | Eternal Limited | Consumer Cyclical | 2.22% | $11.0M | — | — |
| 15 | SUNPHARMA | Sun Pharmaceutical Industries Limited | Healthcare | 1.77% | $8.8M | — | — |
| 16 | TITAN | Titan Company Limited | Consumer Cyclical | 1.66% | $8.2M | — | — |
| 17 | HINDUNILVR | Hindustan Unilever Limited | Consumer Defensive | 1.50% | $7.4M | — | — |
| 18 | HCLTECH | HCL Technologies Limited | Technology | 1.48% | $7.3M | — | — |
| 19 | TATASTEEL | Tata Steel Limited | Basic Materials | 1.39% | $6.9M | — | — |
| 20 | MARUTI | Maruti Suzuki India Limited | Consumer Cyclical | 1.36% | $6.8M | — | — |
| 21 | NTPC | NTPC Limited | Utilities | 1.35% | $6.7M | — | — |
| 22 | ADANIPORTS | Adani Ports and Special Economic Zone Limited | Industrials | 1.31% | $6.5M | — | — |
| 23 | ULTRACEMCO | UltraTech Cement Limited | Basic Materials | 1.29% | $6.4M | — | — |
| 24 | HINDALCO | Hindalco Industries Limited | Basic Materials | 1.26% | $6.3M | — | — |
| 25 | BEL | Bharat Electronics Limited | Industrials | 1.23% | $6.1M | — | — |
| 26 | SHFL | SHRIRAM FINANCE LTD | Other | 1.22% | $6.0M | — | — |
| 27 | JSWSTEEL | JSW Steel Limited | Basic Materials | 1.18% | $5.9M | — | — |
| 28 | POWERGRID | Power Grid Corporation of India Limited | Utilities | 1.12% | $5.5M | — | — |
| 29 | BAJAJ | BAJAJ AUTO LTD | Other | 1.11% | $5.5M | — | — |
| 30 | TECHM | Tech Mahindra Limited | Technology | 1.06% | $5.3M | — | — |
| 31 | GRASIM | Grasim Industries Limited | Basic Materials | 1.04% | $5.2M | — | — |
| 32 | ASIANPAINT | Asian Paints Limited | Basic Materials | 0.99% | $4.9M | — | — |
| 33 | INDIGO | InterGlobe Aviation Limited | Industrials | 0.96% | $4.8M | — | — |
| 34 | COALINDIA | Coal India Limited | Energy | 0.94% | $4.6M | — | — |
| 35 | EICHERMOT | Eicher Motors Limited | Consumer Cyclical | 0.92% | $4.5M | — | — |
| 36 | BAJAJFINSV | Bajaj Finserv Limited | Financial Services | 0.90% | $4.5M | — | — |
| 37 | TRENT | Trent Limited | Consumer Cyclical | 0.89% | $4.4M | — | — |
| 38 | ONGC | Oil & Natural Gas Corporation Limited | Energy | 0.84% | $4.2M | — | — |
| 39 | ADANIENT | Adani Enterprises Limited | Energy | 0.81% | $4.0M | — | — |
| 40 | NESTLEIND | Nestle India Limited | Consumer Defensive | 0.80% | $4.0M | — | — |
| 41 | APOLLOHOSP | Apollo Hospitals Enterprise Limited | Healthcare | 0.78% | $3.9M | — | — |
| 42 | DRREDDY | Dr. Reddy's Laboratories Limited | Healthcare | 0.73% | $3.6M | — | — |
| 43 | SBILIFE | SBI Life Insurance Company Limited | Financial Services | 0.72% | $3.6M | — | — |
| 44 | CIPLA | Cipla Limited | Healthcare | 0.70% | $3.5M | — | — |
| 45 | JIOFIN | JIO Financial Services Ltd | Financial Services | 0.68% | $3.3M | — | — |
| 46 | MAXHEALTH | Max Healthcare Institute Limited | Healthcare | 0.62% | $3.1M | — | — |
| 47 | TATACONSUM | TATA CONSUMER PRODUCTS LIMITED | Consumer Defensive | 0.60% | $3.0M | — | — |
| 48 | TMPV | Tata Motors Passenger Vehicles Limited | Consumer Cyclical | 0.56% | $2.8M | — | — |
| 49 | HDFCLIFE | HDFC Life Insurance Company Limited | Financial Services | 0.55% | $2.7M | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($495.5M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
INDY sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 36.2% | 10 | HDFCBANK, ICICIBANK, SBIN |
| Energy | 10.3% | 4 | RELIANCE, COALINDIA, ONGC |
| Consumer Cyclical | 10.0% | 7 | M&M, ETERNAL, TITAN |
| Technology | 8.9% | 4 | INFY, TCS, HCLTECH |
| Industrials | 7.5% | 4 | LT, ADANIPORTS, BEL |
| Basic Materials | 7.2% | 6 | TATASTEEL, ULTRACEMCO, HINDALCO |
| Communication Services | 5.8% | 1 | BHARTIARTL |
| Consumer Defensive | 5.3% | 4 | ITC, HINDUNILVR, NESTLEIND |
| Healthcare | 4.6% | 5 | SUNPHARMA, APOLLOHOSP, DRREDDY |
| Utilities | 2.5% | 2 | NTPC, POWERGRID |
| Other | 2.3% | 2 | SHFL, BAJAJ |
Sum of the weights of the holdings in each sector.
INDY top industries
INDY overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 1.8% | 41 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 INDY portfolio
iShares India 50 ETF holds 49 positions. The ten largest make up 54.9% of the fund, so it behaves like a portfolio of about 23 equally weighted positions. The biggest positions are HDFC Bank Limited (10.31%), ICICI Bank Limited (10.14%), Reliance Industries Limited (7.75%), Bharti Airtel Limited (5.80%), Larsen & Toubro Limited (3.97%).
By sector, Financial Services is 36.2%, Energy is 10.3%, Consumer Cyclical is 10.0%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: INDY chart, INDY performance, INDY dividends, INDY overview.
INDY holdings FAQ
How many holdings does INDY have?
INDY holds 49 positions as of October 25, 2026.
What are the top 10 holdings of INDY?
The ten largest holdings are HDFC Bank Limited (10.31%), ICICI Bank Limited (10.14%), Reliance Industries Limited (7.75%), Bharti Airtel Limited (5.80%), Larsen & Toubro Limited (3.97%), Infosys Limited (3.94%), State Bank of India (3.91%), Axis Bank Limited (3.53%), Kotak Mahindra Bank Limited (3.02%), Bajaj Finance Limited (2.48%). Together they are 54.9% of the fund.
What percentage of INDY is HDFC Bank Limited?
HDFC Bank Limited is the largest holding at 10.31% of net assets, about $51.1M of the fund's $495.5M.
Which sector is the largest in INDY?
Financial Services is the largest sector at 36.2%, followed by Energy (10.3%) and Consumer Cyclical (10.0%), based on the sectors of the individual holdings.
How concentrated is INDY?
The top 10 holdings are 54.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) INDY behaves like a portfolio of about 23 equally weighted positions.