ETF Education Report: VANECK DIGITAL INDIA ETF (DGIN)

What this ETF is trying to do

The VANECK DIGITAL INDIA ETF (ticker: DGIN) is an exchange-traded fund that focuses on companies in the digital space within India. It holds a variety of different companies, which helps spread out its exposure.

Top Holdings

The following are the top holdings in this fund (please note that this is a partial list):

• RELIANCE INDUSTRIES LTD GDR 144A (8.88%)

• BHARTI AIRTEL LTD (8.63%)

• INFOSYS LTD ADR (6.42%)

• TATA CONSULTANCY SERVICES LTD (5.95%)

• HCL TECHNOLOGIES LTD (5.81%)

• ETERNAL LTD (5.57%)

• TECH MAHINDRA LTD (4.57%)

• JIO FINANCIAL SERVICES LTD (4.38%)

• PB FINTECH LTD (3.81%)

• WIPRO LTD ADR (3.67%)

Holdings can change over time. This data was updated on October 8, 2026.

What the numbers show

It is important to understand the difference between "price return" and "total return." Price return only looks at how much the share price changed. Total return includes both the price change and any cash distributions (dividends) paid out.

• Year-to-Date (YTD): The YTD price return is -16.04%. The YTD total return is also -16.04%.

• One-Year: The one-year price return is approximately -16.83%. However, the one-year total return is approximately -15.30%.

• Three-Year: The three-year price return is approximately 4.08%. The three-year total return is approximately 6.25%.

To give you an idea of the price movement, the estimated price from roughly one year ago was $41.33. The current price is $34.38.

Income and distribution explanation

This ETF has a distribution yield of approximately 2.26%. This means the fund paid out $0.78 in trailing distributions. The distributions are described as "irregular" or "less frequent," with only one payout recorded in the last 12 months. While distributions provide cash, they are not the same as total return.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price does not always mean the NAV is dropping, this ETF has an erosion-risk score of 55. This is labeled as "moderate price erosion" with a moderate severity level.

Pros

• The fund has a positive three-year total return of approximately 6.25%.

• It provides exposure to several large companies in the Indian digital sector.

Cons

• The fund has experienced a share-price decline over the last year.

• The YTD performance shows a negative return for both price and total return.

• There is a moderate erosion-risk score.

Beginner takeaway

When looking at an ETF, always check both the price return and the total return. A fund might have a declining share price, but the total return tells you how much you actually earned including distributions. Also, remember that a distribution yield is cash paid to you, but it does not guarantee that the overall value of your investment will stay the same.