GLIN ETF: What Is It? A Full Breakdown of Returns, Expense Ratio, Holdings, and Alternative ETFs
The VanEck India Growth Leaders ETF (GLIN), which invests in Indian growth stocks, is distinguished by its use of a fundamentals-based scoring methodology for stock selection rather than market-cap weighting, making it a useful reference for investors monitoring India's economic growth outlook and related stock trends.
SubscribeWhat Is the VanEck India Growth Leaders ETF?
It tracks the MarketGrader India All-Cap Growth Leaders Index, which selects listed Indian companies with strong fundamentals and high growth potential using an in-house scoring methodology. The portfolio spans a broad range of large-, mid-, and small-cap stocks.
It is well suited for investors who want diversified exposure to India's economic growth while favoring a strategy that selects stocks based on sound fundamentals.
It is a passive (index-tracking) ETF managed by VanEck.
How to Invest in the VanEck India Growth Leaders ETF
| Item | Details |
|---|---|
| Tracking Index | MarketGrader India All-Cap Growth Leaders |
| Management Style | Passive (index tracking, in-house scoring-based stock selection) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Irregular dividends |
| Total Expense Ratio | 0.72% |
It holds Indian listed companies selected through an in-house scoring methodology that evaluates both revenue/earnings growth and valuation. A notable feature is that it is not centered on large caps but spans a wide range including mid- and small-cap growth stocks, and it uses a structure that invests in Indian equities via a Mauritius-based subsidiary.
- Active stock selection index based on fundamentals scoring
- All-cap composition spanning large-, mid-, and small-cap stocks
VanEck India Growth Leaders ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $94.1M, and the total expense ratio is 0.72% annually.
Compared with INDA, EPI, and FLIN, which offer similar India exposure, it is differentiated by its fundamentals-scoring-based construction rather than market-cap weighting.
VanEck India Growth Leaders ETF Performance and Flows
1-Year Price Performance
Dividend & Yield
52-Week Price RangeIt tends to exhibit high volatility, tied to emerging-market growth-stock momentum and expectations for Indian economic growth, with capital flows varying based on global risk appetite.
As investor interest in the Indian market continues, capital flows are being shaped within the emerging-market growth-stock category, and the direction of flows into emerging-market assets overall is influenced by phases of US dollar strength or weakness.
VanEck India Growth Leaders ETF: Strengths and Weaknesses
Fundamentals-based diversified exposure to Indian growth stocks is a strength, but emerging-market volatility and a relatively small asset base are factors to keep in mind.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the VanEck India Growth Leaders ETF
Comparable products tracking the same Indian market include INDA, which uses market-cap weighting; EPI, which uses earnings weighting of Indian companies; and FLIN, which follows a low-cost market-cap-weighted index. These are largely large-cap-centric market-cap-weighted approaches, whereas this product differs in offering a fundamentals-scoring-based all-cap construction. For greater small-cap focus, SMIN is worth considering, and for broader emerging-market diversification, FNDE is another alternative to review.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 CGRO | CoreValues Alpha Greater China Growth ETF | $21.82 | +0.5% | $2.2M | 0.89% | 3.44% | -24.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| GEV | GE Vernova Inc | 0.03% | $941.95 | +0.0% | $250.9B | 27.0 | 0.21% |
 BMRC | Bank of Marin Bancorp | 0.01% | $27.73 | +1.4% | $449.1M | - | 3.61% |
 NTB | Bank of N T Butterfield & Son Ltd | 0.01% | $61.53 | +0.9% | $2.4B | 10.8 | 3.25% |
| GEV | GE Vernova Inc | 0.03% | $941.95 | +0.0% | $250.9B | 27.0 | 0.21% |
 UNB | Union Bankshares Inc | 0.02% | $23.78 | -0.4% | $117.6M | 9.2 | 6.06% |
| UNB | Union Bankshares Inc | 0.02% | $23.78 | -0.4% | $117.6M | 9.2 | 6.06% |
| BMRC | Bank of Marin Bancorp | 0.01% | $27.73 | +1.4% | $449.1M | - | 3.61% |
| NTB | Bank of N T Butterfield & Son Ltd | 0.01% | $61.53 | +0.9% | $2.4B | 10.8 | 3.25% |
| NTB | Bank of N T Butterfield & Son Ltd | 0.01% | $61.53 | +0.9% | $2.4B | 10.8 | 3.25% |
| BMRC | Bank of Marin Bancorp | 0.01% | $27.73 | +1.4% | $449.1M | - | 3.61% |
Investor Checklist for the VanEck India Growth Leaders ETF
Here are points to review before investing in GLIN. Alongside the advantage of fundamentals-scoring-based exposure to Indian growth stocks, investors should be aware of emerging-market volatility and a relatively small asset base.
| Checkpoint | What to Verify | Current Status |
|---|---|---|
| 💵 Expense Ratio | Expense level compared with peer India ETFs | Review needed |
| 🌏 Emerging-Market Volatility | Degree of currency and policy risk exposure | Elevated volatility persists |
| 📊 Sector Concentration | Trends in financials and industrials weightings | High financials and industrials weightings |
| 💧 Asset Size and Liquidity | Volume and spreads versus peer ETFs | Relatively small size |
Given the nature of emerging markets, currency fluctuations and policy risks are the main drivers of short-term volatility, and a relatively small asset base can be a disadvantage from a liquidity standpoint.
It is well suited for investors seeking fundamentals-based diversified exposure to Indian growth stocks, and for those who prefer straightforward market-cap-weighted exposure, alternatives such as INDA and FLIN are also worth comparing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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