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Global X India Active (NDIA)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.76 % · ISIN US37960A5526
Price history (since 2023)
Monthly close since 2023. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| ICICI Bank Limited IBN | 8.1 % | n/a | n/a |
| HDFC Bank Limited HDFCBANK | 7.8 % | −42.8 % | 51 |
| Reliance Industries Limited RLI | 6.6 % | n/a | n/a |
| Axis Bank Limited AXISBANK | 6.1 % | −43.8 % | 37 |
| Bharti Airtel Limited BHARTIARTL | 5.8 % | +4.9 % | 58 |
| Larsen & Toubro Limited LT | 4.2 % | n/a | n/a |
| UltraTech Cement Limited ULTRACEMCO | 3.9 % | −56.3 % | 54 |
| Apollo Hospitals Enterprise Limited APOLLOHOSP | 3.9 % | −33.1 % | 58 |
| Titan Company Limited TITAN | 3.8 % | n/a | n/a |
| UNITED SPIRITS LTD. UNITDSPR | 3.6 % | n/a | n/a |
| NTPC Limited NTPC | 3.6 % | +39.9 % | 42 |
| Infosys Ltd ADR INFY | 3.4 % | n/a | n/a |
| Steel Authority of India Limited SAIL | 2.8 % | −18.3 % | 56 |
| Zomato Limited ZOMATO | 2.7 % | n/a | n/a |
| Prestige Estates Projects Limited PRESTIGE | 2.6 % | −79.6 % | 37 |
| SBI Life Insurance Company Limited SBILIFE | 2.4 % | −87.6 % | 44 |
| Tata Consultancy Services Limited TCS | 2.4 % | +29.9 % | 76 |
| InterGlobe Aviation Limited INDIGO | 2.3 % | +30.2 % | 47 |
| Avenue Supermarts Limited DMART | 2.2 % | −51.4 % | 52 |
| Shriram Finance Limited SHRIRAMFIN | 2.2 % | +43.5 % | 56 |
| Bharat Petroleum Corporation Limited BPCL | 2.0 % | +52.3 % | 62 |
| Eicher Motors Limited EICHERMOT | 2.0 % | −8.9 % | 69 |
| Adani Ports and Special Economic Zone Limited ADANIPORTS | 1.9 % | −40.5 % | 50 |
| IndusInd Bank Limited INDUSINDBK | 1.8 % | −72.8 % | 44 |
| Maruti Suzuki India Limited MARUTI | 1.7 % | −26.3 % | 58 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 29 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about NDIA
Is NDIA overvalued?
What is the fair value of NDIA?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of NDIA?
What is the expense ratio of NDIA?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Funds - Global X India Active ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.