Indian Equities & Single-Country ETFs Are Surging

The Indian equity market according to the NSE Nifty has surged 20% in 2023 as India’s ascent as a digital and economic powerhouse continues unabated.

With a youthful demographic and a burgeoning tech sector, India presents fertile ground for investment growth.

India’s ETFs are also demonstrating remarkable success, capturing the essence of one of the world’s fastest-growing economies.

An ETF concentrating on Indian financial services and technology sectors has exhibited impressive performance, benefiting from ongoing reforms and digitalisation driving economic expansion.

Early adopters of such ETFs are reaping the rewards of investing in high-growth markets with favourable demographic trends.

Notably, net inflows into ETFs tracking Indian stocks reached a historic peak in 2023. Indian-focused ETFs witnessed net inflows exceeding $8 billion in 2024.

Inflows into U.S.-listed ETFs focused on India accounted for over half of the global fund flows into India-centric funds in 2023.

Indian Equities on the Rise

Meanwhile, Indian equities have soared to record highs, with foreign portfolio investors making unprecedented monthly purchases of equities in December making bets on Modi’s Bharatiya Janata Party and the prospects of more growth ahead.

India is on a pace to achieve an annual growth rate of 7.3% in the fiscal year ending in March, outpacing other major global economies.

Despite the surge in Indian equity markets, foreign investors often face headwinds, with the process of opening local brokerage accounts taking 9-12 months.

ASX Single-Country India ETFs

However, investors in Australia have alternative avenues to tap into India’s economic growth through Single-Country ETFs. 

Notable passively managed ETF options include the Betashares India Quality ETF (ASX: IIND) and the Global X India Nifty 50 ETF (ASX: NDIA).

These ETFs offer Australian investors simplified access to India’s dynamic market, presenting opportunities for diversification and growth within their portfolios.

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