NFTYvsINDYETF Comparison
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First Trust India NIFTY 50 Equal Weight ETF (NFTY) and iShares India 50 ETF (INDY) belong to the same industry segment: EM Large & Mid Cap. NFTY's top 3 sector exposures are Consumer Cyclicals, Finance and Industrials. In contrast, INDY's top sector exposures are Finance, Energy and Consumer Cyclicals. NFTY is more expensive with a Total Expense Ratio (TER) of 0.81%, versus 0.65% for INDY. NFTY is down -8.93% year-to-date (YTD) with -$46M in YTD flows. INDY performs worse with -12.13% YTD performance, and -$9M in YTD flows. Run a side-by-side ETF comparison of NFTY and INDY below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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NFTY vs INDY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NFTY INDY | -2.26%-0.93% | -1.09%-1.45% | -8.93%-12.13% | -7.84%-10.42% | +13.88%+3.24% | +29.65%+12.32% |
| Flows | NFTY INDY | -$19M- | -$24M-$26M | -$46M-$9M | -$78M-$17M | -$12M-$62M | +$21M-$56M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NFTY INDY | +14.13%+13.87% | +14.58%+13.57% | +14.85%+13.93% | +15.69%+14.91% |
| Max drawdown | NFTY INDY | -4.57%-5.45% | -15.88%-18.07% | -21.57%-22.63% | -21.57%-22.63% |
| Max drawdown duration | NFTY INDY | 78d57d | 268d278d | 666d669d | 666d669d |
Trading data
NFTY | INDY | |
Last sale 7/27/2026 at 1:30 PM | $53.86 | $43.10 |
| Previous close 07/27/2026 | $52.76 | $42.38 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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NFTY | INDY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/27/2026 at 1:30 PM
Live
Closed
NFTY | INDY | |
|---|---|---|
| Last price | $53.86 | $43.10 |
| 1D performance | +2.09% | +1.70% |
| AuM | $114.02 M | $554.01 M |
| E/R | 0.81% | 0.65% |
Characteristics
NFTY | INDY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NIFTY50 Equal Weight Index | NSE Nifty 50 Index |
| N° of holdings | 42 | 51 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 14, 2012 | November 18, 2009 |
| ESG | No | No |
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Exposure
Countries
NFTY
India
81.44%
Other
18.56%
INDY
India
99.79%
Other
0.21%
Sectors
NFTY
Consumer Cyclical.
14.13%
Finance
11.93%
Industrials
10.1%
Non-Energy Materi.
9.92%
Technology
9.39%
Healthcare
8.12%
Other
36.41%
INDY
Finance
36.89%
Energy
9.77%
Consumer Cyclical.
9.39%
Industrials
8.91%
Technology
7.39%
Non-Energy Materi.
7.12%
Other
20.53%
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Diversification
NFTY
Total weight of top 15 holdings out of 15
30.67%
INDY
Total weight of top 15 holdings out of 15
65.87%
Top 15 holdings
Data as of June 30, 2026
NFTY
Maruti Suzuki India Ltd.
2.17%
Max Healthcare Institute Ltd.
2.10%
InterGlobe Aviation Ltd.
2.07%
INE721A01013
2.05%
Adani Enterprises Ltd.
2.04%
Mahindra & Mahindra Ltd.
2.04%
Asian Paints Ltd.
2.03%
Adani Ports & Special Economic Zone Ltd.
2.03%
Titan Co. Ltd.
2.03%
State Bank of India
2.02%
Hindustan Unilever Ltd.
2.02%
Trent Ltd.
2.02%
SBI Life Insurance Co. Ltd.
2.02%
Cipla Ltd.
2.02%
Bajaj Auto Ltd.
2.01%
INDY
HDFC Bank Ltd.
11.13%
ICICI Bank Ltd.
8.96%
Reliance Industries Ltd.
7.98%
Bharti Airtel Ltd.
5.15%
Larsen & Toubro Ltd.
4.43%
State Bank of India
3.89%
BlackRock Cash Funds - Treasury
3.76%
Axis Bank Ltd.
3.52%
Infosys Ltd.
3.20%
Kotak Mahindra Bank Ltd.
2.65%
ITC Ltd.
2.53%
Mahindra & Mahindra Ltd.
2.50%
Bajaj Finance Ltd.
2.46%
Tata Consultancy Services Ltd.
1.89%
Sun Pharmaceutical Industries Ltd.
1.80%
Frequently asked questions about NFTY and INDY
How have the NFTY and INDY ETFs performed in 2026?
As of July 24, 2026, NFTY is down -8.93% year-to-date (YTD), while INDY has lost -12.13%. That puts NFTY better performer ahead so far this year.
Which ETF is attracting more investor money: NFTY or INDY?
Year-to-date, the NFTY ETF saw -$46M in flows, compared to -$9M for INDY.
Which ETF is more volatile: NFTY or INDY?
Over the past year, NFTY had a volatility of 14.58%, while INDY experienced 13.57%.
Which ETF is bigger: NFTY or INDY?
As of July 24, 2026, NFTY holds $114.02 M in assets under management (AUM), while INDY manages $554.01 M.
What sectors do the NFTY and INDY ETFs invest in?
NFTY leans toward sectors like Consumer Cyclicals, Finance and Industrials. Meanwhile, INDY focuses on Finance, Energy and Consumer Cyclicals.
What are the top holdings of the NFTY ETF and INDY ETF?
NFTY top holdings include Maruti Suzuki India Ltd., Max Healthcare Institute Ltd. and InterGlobe Aviation Ltd.. INDY holds in its top three: HDFC Bank Ltd., ICICI Bank Ltd. and Reliance Industries Ltd..
Which ETF is more diversified: NFTY or INDY?
NFTY holds 42 securities with 30.67% of its assets in the top 15. INDY has 51 securities and a top 15 weight of 65.87%.
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