GLIN
VanEck India Growth Leaders ETF
GLIN seeks to replicate the price and yield performance of the MarketGrader India All-Cap Growth Leaders Index, which consists of fundamentally sound Indian companies that exhibit attractive growth potential at a reasonable price.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 88.8 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Aug 25, 2010 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| INFOSYS TECHNOLOGIES-SP ADR | 5.8 % |
| BHARTI AIRTEL LIMITED | 5.5 % |
| ICICI BANK LTD-SPON ADR | 5.1 % |
| HDFC BANK LTD-ADR | 5.1 % |
| STATE BANK OF INDIA | 4.9 % |
| AXIS BANK LIMITED | 4.8 % |
| KOTAK MAHINDRA BANK LTD | 4.1 % |
| MAHINDRA & MAHINDRA LTD | 3.6 % |
| TATA CONSULTANCY SVS LTD | 3.3 % |
| BAJAJ FINANCE LIMITED | 3.2 % |
Constituent Breakdown
| Number of holdings | 145 |
| Herfindahl-Hirschman Index | 293 |
| Wgt avg mkt cap (mns) | $38,195 |
| Large cap (>$10bn) | 68.7% |
| Mid cap ($2-10bn) | 9.5% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 88.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
INDIA | 91.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.8% | -3.7% | -11.3% | 3.6% | 0.5% | -0.8% | -- | -3.7% |
| Dividend Yield | 0.0% | 0.8% | 1.9% | 1.8% | 1.4% | 1.0% | -- | 1.0% |
| Total Returns | -6.8% | -2.9% | -9.3% | 5.4% | 1.9% | 0.2% | -- | -2.7% | Ann. Volatility | 20.1% | 18.7% | 18.4% | 18.0% | 18.3% | 23.5% | -- | 26.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 34% |
| MSCI EAFE | 0.74 | 39% |
| MSCI Emg Mkts | 0.44 | 36% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.72% |
Technical Indicators
| 30d moving avg. (EMA) | $44.24 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.19/0.03 |
| Bollinger Bands (Upper/Lower) | $45.77/$42.29 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GLIN |
Expenses vs. GLIN |
ALTAR Score™ vs. GLIN |
|---|---|---|---|---|
| NFTY | First Trust India NIFTY 50 Equal Weight ETF | 34.3% | 0 bp | -2.2% |
| INDY | iShares India 50 ETF | 33.5% | -15 bp | -2.6% |
| INDA | iShares MSCI India ETF | 29.1% | -19 bp | -3.0% |
| NDIA | Global X India Active ETF | 28.3% | -5 bp | -3.6% |
| FLIN | Franklin FTSE India ETF | 27.2% | -61 bp | -2.5% |
| IMVP | Invesco India ETF | 26.4% | -2 bp | -0.6% |
| GIND | Goldman Sachs India Equity ETF | 19.2% | -5 bp | -4.1% |
| INCO | Columbia India Consumer ETF | 13.3% | -5 bp | -4.5% |
| INDZ | VanEck India Select ETF | 12.8% | -5 bp | -4.6% |
Risk and Returns: GLIN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.5%
ALTAR SCORE™
37th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. GLIN's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places GLIN in the 37th percentile
among funds in the category.
Sell-Side Consensus
$56.88
PRICE TARGET
+23.3%
UPSIDE
Bid/Ask Spreads
72 bp
AVG SPREAD
23 —
363 bp
RANGE