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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 |
|---|---|---|---|
| HDFC Bank Limited HDFCBANK | 8.0 % | −44.2 % | 51 |
| ICICI Bank Limited IBN | 7.9 % | n/a | n/a |
| Reliance Industries Limited RLI | 6.7 % | n/a | n/a |
| Axis Bank Limited AXISBANK | 6.0 % | −40.1 % | 37 |
| Bharti Airtel Limited BHARTIARTL | 5.8 % | +4.9 % | 58 |
| Larsen & Toubro Limited LT | 4.2 % | n/a | n/a |
| Apollo Hospitals Enterprise Limited APOLLOHOSP | 4.2 % | −41.1 % | 58 |
| Titan Company Limited TITAN | 4.0 % | n/a | n/a |
| UltraTech Cement Limited ULTRACEMCO | 3.9 % | −57.3 % | 55 |
| UNITED SPIRITS LTD. UNITDSPR | 3.6 % | n/a | n/a |
| NTPC Limited NTPC | 3.5 % | +34.8 % | 42 |
| Infosys Ltd ADR INFY | 3.3 % | n/a | n/a |
| Zomato Limited ZOMATO | 2.8 % | n/a | n/a |
| Steel Authority of India Limited SAIL | 2.7 % | −24.6 % | 56 |
| Prestige Estates Projects Limited PRESTIGE | 2.6 % | −79.8 % | 37 |
| SBI Life Insurance Company Limited SBILIFE | 2.4 % | −88.4 % | 46 |
| Avenue Supermarts Limited DMART | 2.3 % | −56.2 % | 52 |
| InterGlobe Aviation Limited INDIGO | 2.3 % | +25.7 % | 49 |
| Tata Consultancy Services Limited TCS | 2.3 % | +43.4 % | 76 |
| Shriram Finance Limited SHRIRAMFIN | 2.2 % | +38.8 % | 55 |
| Bharat Petroleum Corporation Limited BPCL | 2.1 % | +43.7 % | 63 |
| Eicher Motors Limited EICHERMOT | 2.1 % | −12.1 % | 69 |
| IndusInd Bank Limited INDUSINDBK | 1.9 % | −74.4 % | 44 |
| Adani Ports and Special Economic Zone Limited ADANIPORTS | 1.9 % | −41.7 % | 50 |
| Maruti Suzuki India Limited MARUTI | 1.8 % | −31.3 % | 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 +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % below FV
Frequently asked about NDIA
Is NDIA overvalued?
What is the fair value of NDIA?
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Which stocks drive the valuation of NDIA?
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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: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.