What this ETF is trying to do

The GLOBAL X INDIA ACTIVE ETF (ticker: NDIA) is an investment fund designed to provide exposure to the Indian market. Because it is an "active" ETF, it uses a strategy to manage its holdings rather than just following a set list of stocks.

What the numbers show

As of October 9, 2026, the current price of NDIA is $25.49. An estimated price from roughly one year ago was $29.19.

When looking at performance, it is important to separate "price return" (how much the share price changed) from "total return" (which includes distributions).

• One-Year: The one-year price return was -12.66%, while the one-year total return was -11.70%.

• Three-Year: The three-year price return was 0.05%, while the three-year total return was approximately 5.15%.

• Year-to-Date (YTD): Both the YTD price return and the YTD total return are -14.45%.

Income and distribution explanation

This ETF provides a distribution yield of 1.28%. This number describes the cash distributions relative to the ETF's price. It is important to know that a distribution yield is not the same as total return.

The frequency of these payments is described as "irregular" or "less frequent." In the last 12 months, there was only one payout.

NAV erosion explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

The fund has an erosion-risk score of 75, which is labeled as "mild price erosion." This score is a measurement of the share-price trend and is not proof that the actual Net Asset Value (NAV) has declined.

Top Holdings

The following are the top holdings for this ETF. Please note that these are only the largest holdings and can change over time:

• ICICI BANK LTD ADR (8.15%)

• HDFC BANK LTD (7.81%)

• RELIANCE INDUSTRIES LTD GDR 144A (6.72%)

• AXIS BANK LTD (6.18%)

• BHARTI AIRTEL LTD (5.83%)

Pros

• The three-year total return is positive at approximately 5.15%.

• It provides exposure to major companies in the Indian market.

Cons

• The ETF has experienced a recent share-price decline, with a year-to-date price return of -14.45%.

• Distribution payments are irregular and infrequent.

Beginner takeaway

When researching NDIA, it is helpful to look at both the share-price movement and the total return. While the fund has seen some recent price declines, its three-year total return shows a positive result. Also, remember that the small distribution yield provided does not represent the total amount an investor earns.