The NDIA ETF provides direct exposure to the Indian stock market as an actively managed product. Rather than replicating the weightings of a specific index, it relies on the manager's assessment of companies and industry conditions to build the portfolio.

It is suited to investors who want to include the Indian market as part of a long-term asset allocation and can accept management decisions that differ from an index-tracking approach, as well as country-specific volatility.

It is an ETF managed by Global X using an active management approach.

The product aims to provide exposure to the Indian economy and its listed companies. It takes an active approach, selecting stocks within the Indian market based on each company's competitiveness and industry conditions. As a result, management decisions and market conditions may have a greater impact on performance than changes in index constituents.

• An actively managed approach focused on Indian equities
• A portfolio that does not replicate a specific index
• A stock-selection method that looks across multiple industries

Assets under management (AUM) stand at $52.1M, and the total expense ratio (Expense Ratio) is 0.75% per year.

Because the NDIA ETF has an active management structure, investors should consider how trading conditions and management decisions may affect the long-term holding experience. During periods of low liquidity, it is also prudent to check the bid-ask spread when trading.

The performance of the NDIA ETF is influenced by overall investor sentiment toward the Indian stock market and by earnings expectations for individual companies. Because stock selection and sector allocation are reflected in the results of an actively managed structure, investors should examine the causes of volatility rather than judge the suitability of the strategy from short-term price changes alone.

Fund flows into the Indian market can vary with local growth expectations, currency conditions, global risk appetite and geopolitical factors. Since the NDIA ETF does not follow a specific index, it is important to look not only at fund inflows and outflows but also at the management direction and the potential for changes in the portfolio.

The active approach to Indian equities and the room for stock selection are strengths. However, performance cannot be compared with a specific index in a simple way, and investors must also accept country-specific volatility and the variability of management decisions.

When comparing exposure to India, the EWT ETF in the table focuses on Taiwanese stocks, the EWZ ETF on Brazilian stocks and the INDA ETF on Indian stocks, so their country compositions differ. The MCHI ETF and the FXI ETF provide exposure to Chinese stocks, so when comparing them with the NDIA ETF, investors should look beyond simple fee differences and consider whether the fund is actively managed, the country it invests in and its liquidity conditions. Comparable listed fund information is limited to the similar-category data in the table.

The NDIA ETF is an actively managed product that invests directly in the Indian market, so it is difficult to evaluate it using the same criteria as index-tracking products. Before investing, check whether the management style, distribution policy, market liquidity and country-specific risk factors fit your investment horizon and loss tolerance.

The Indian stock market can be affected by global risk appetite, currency movements, and the policy and regulatory environment. Given its active management and non-diversified structure, the NDIA ETF may be strongly affected by decisions on holdings and sector allocation, and changes in market liquidity may also affect the trading experience.

The Global X India Active ETF is designed for investors who want to approach the Indian market in a way that differs from index replication. Before holding it for the long term, investors should compare the pros and cons of active management, the distribution policy, country-specific risks and trading conditions, and judge whether the position size is manageable within their overall asset allocation.