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GRINAU VanEck India Growth Leaders ETF Please read important disclosure Close important disclosure false

    • GRIN
    VanEck India Growth Leaders ETF

    GRIN
    VanEck India Growth Leaders ETF

    • NAV
      $17.52

      as at 13-Mar-26
    • Total Net Assets
      $14.04M
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.75%
    • Number of securities
      51
    • Inception Date
      22-Apr-25
    The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 1pm next business day.
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    Overview

    Fund Description

    GRIN gives investors a portfolio of fundamentally sound companies in India with the best growth at a reasonable price (GARP) attributes. GRIN aims to provide investment returns, before fees and other costs, which track the performance of the Index.

    Key benefits

    Tap Into India’s Economic Acceleration

    Gain exposure to a dynamic mix of companies driving one of the world’s fastest-growing economies, powered by a rising middle class, digital transformation and long-term structural reform.

    Smart Growth, Sensible Value

    Employing a disciplined GARP (Growth at a Reasonable Price) strategy, the ETF targets Indian companies with strong fundamentals and attractive valuations, identified using MarketGrader’s proprietary methodology.

    High-Conviction, Quality-Focused Portfolio

    Access 50 equally weighted Indian equities selected for their financial health, growth potential and valuation discipline - designed to balance opportunity with resilience.
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      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has no investment timeframe, and has a high or very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has no minimum investment timeframe, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution, major, core, minor or satellite allocation within a portfolio, has no investment timeframe and has a low risk/return profile.

    Index Key points

    Index name

    MarketGrader India Growth Leaders 50 Index

    Overview

    The Index consists of 50 fundamentally sound companies in India with the best growth at a reasonable price (GARP) attributes

    Summary of Index methodology

    All Index components are selected based on their overall MarketGrader score. Built on a scale between 0 and 100, the MarketGrader score is based on 24 fundamental indicators, which are broken down into four analytical categories: growth, value, profitability and cash flow. All of MarketGrader’s indicators and overall scores are calculated daily for all companies under coverage.

    Index constituents must have a minimum total market cap of USD 1 billion and a minimum 3-month daily traded value of USD 2 million.

    The index is equally weighted at each rebalance.

    For full details of the methodology, click here.

    Rebalances

    The Index is reviewed and rebalanced on a semi-annual basis, usually as of the close of the third Friday of March and September.

    Index provider

    MarketGrader.com Corporation ('MarketGrader'). MarketGrader is not a related body corporate of VanEck.

    "MarketGrader" and " MarketGrader India Growth Leaders 50 Index" are trademarks of MarketGrader.com Corp. and have been licensed for use for certain purposes by VanEck. GRIN is based on the MarketGrader India Growth Leaders 50 Index, but is not sponsored, endorsed, sold or promoted by MarketGrader, and MarketGrader makes no representation regarding the advisability of investing in GRIN.

    Performance

    Holdings & allocations

    All holdings (%) as at 13-Mar-26 Download all holdings

    No. of holdings: 51
    Holding name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    National Aluminium Co Ltd NACL IN 90,117 539,094 3.84
    Karur Vysya Bank Ltd/The KVB IN 90,909 396,063 2.82
    Union Bank Of India UNBK IN 146,338 392,972 2.80
    Bank Of India BOI IN 165,115 383,011 2.73
    Alstom T&D India Ltd GVTD IN 6,851 381,355 2.72
    State Bank Of India SBIN IN 23,020 372,226 2.65
    Canara Bank CBK IN 172,344 358,471 2.55
    Bank Of Maharashtra BOMH IN 355,412 351,784 2.50
    Indus Towers Ltd INDUSTOW IN 53,675 351,432 2.50
    Jammu & Kashmir Bank Ltd/The JKBK IN 185,884 346,816 2.47
    Coal India Ltd COAL IN 47,996 346,159 2.46
    Bank Of Baroda BOB IN 79,406 344,660 2.45
    Lupin Ltd LPC IN 9,513 340,098 2.42
    Bharat Electronics Ltd BHE IN 50,061 339,714 2.42
    Cummins India Ltd KKC IN 4,641 333,266 2.37
    Natco Pharma Ltd NTCPH IN 22,134 326,741 2.33
    Sharda Cropchem Ltd SHCR IN 21,094 322,416 2.30
    Force Motors Ltd FML IN 1,025 320,476 2.28
    Nmdc Ltd NMDC IN 249,398 302,702 2.16
    Netweb Technologies India Ltd NETWEB IN 6,085 298,466 2.13
    Nippon Life India Asset Management Ltd NAM IN 23,069 293,444 2.09
    Dr Reddy's Laboratories Ltd DRRD IN 14,420 287,795 2.05
    Polycab India Ltd POLYCAB IN 2,589 287,625 2.05
    Idbi Bank Ltd IDBI IN 201,821 287,314 2.05
    Eicher Motors Ltd EIM IN 2,709 282,025 2.01
    Bharti Airtel Ltd BHARTI IN 9,833 273,862 1.95
    Sarda Energy & Minerals Ltd SEML IN 31,859 260,945 1.86
    Welspun Corp Ltd WLCO IN 21,036 259,966 1.85
    Icici Bank Ltd ICICIBC IN 13,265 257,061 1.83
    International Gemmological Institute In IGIL IN 53,391 254,665 1.81
    Hindustan Aeronautics Ltd HNAL IN 4,181 252,755 1.80
    Zydus Lifesciences Ltd ZYDUSLIF IN 17,980 251,550 1.79
    Hdfc Asset Management Co Ltd HDFCAMC IN 6,588 242,252 1.73
    Waaree Energies Ltd WAAREEEN IN 5,713 240,569 1.71
    Indiamart Intermesh Ltd INMART IN 7,232 234,760 1.67
    Kfin Technologies Ltd KFINTECH IN 16,937 233,466 1.66
    Doms Industries Ltd DOMS IN 7,187 231,146 1.65
    Tata Consultancy Services Ltd TCS IN 6,106 227,310 1.62
    Genus Power Infrastructures Ltd GPIN IN 57,336 218,184 1.55
    Authum Investment & Infrastucture Ltd AIIL IN 29,729 217,994 1.55
    Suzlon Energy Ltd SUEL IN 326,324 208,693 1.49
    Bls International Services Ltd BLSIN IN 51,380 195,955 1.40
    Nesco Ltd NSE IN 12,237 193,068 1.37
    Trent Ltd TRENT IN 3,568 192,190 1.37
    Deepak Fertilisers & Petrochemicals Cor DFPC IN 13,180 192,059 1.37
    Transrail Lighting Ltd TRANSRAI IN 23,638 180,157 1.28
    Shakti Pumps India Ltd SKPI IN 22,896 177,119 1.26
    Transformers & Rectifiers India Ltd TARIL IN 37,510 160,378 1.14
    Kpit Technologies Ltd KPITTECH IN 15,011 153,041 1.09
    Blue Jet Healthcare Ltd BLUEJET IN 25,481 141,039 1.00
    Genus Prime Infra Ltd GENP IN 9,484 3,165 0.02
    Other/Cash --   4,127 0.03
    Total 100.00
    These are not recommendations to buy or to sell any security.

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

    Documents & insights

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