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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
      $17.50

      as at 02-Apr-26
    • Total Net Assets
      $14.02M
    • 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 02-Apr-26 Download all holdings

    No. of holdings: 51
    Holding name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Premier Energies Ltd PREMIERE IN 25,266 360,124 2.57
    Lloyds Metals & Energy Ltd LLOYDSME IN 16,137 348,086 2.48
    Waaree Energies Ltd WAAREEEN IN 7,114 339,415 2.42
    Bls International Services Ltd BLSIN IN 74,853 312,156 2.23
    Td Power Systems Ltd TDPS IN 23,171 310,840 2.22
    Welspun Corp Ltd WLCO IN 23,287 306,408 2.18
    National Aluminium Co Ltd NACL IN 48,599 303,401 2.16
    Engineers India Ltd ENGR IN 94,483 294,413 2.10
    Alstom T&D India Ltd GVTD IN 4,902 291,117 2.08
    Natco Pharma Ltd NTCPH IN 18,180 290,253 2.07
    Suzlon Energy Ltd SUEL IN 455,798 288,802 2.06
    Nmdc Ltd NMDC IN 237,138 287,688 2.05
    Hbl Power Systems Ltd HBLENGIN IN 27,597 286,173 2.04
    Lupin Ltd LPC IN 8,083 285,653 2.04
    International Gemmological Institute In IGIL IN 57,138 284,400 2.03
    Muthoot Finance Ltd MUTH IN 5,754 284,193 2.03
    Bharti Airtel Ltd BHARTI IN 10,210 283,914 2.02
    Shriram Pistons & Rings Ltd SPRL IN 6,239 283,874 2.02
    Inventurus Knowledge Solutions Ltd IKS IN 13,530 282,307 2.01
    Kfin Technologies Ltd KFINTECH IN 19,999 280,950 2.00
    Trent Ltd TRENT IN 5,085 280,526 2.00
    Sai Life Sciences Ltd SAILIFE IN 18,694 278,825 1.99
    Force Motors Ltd FML IN 849 278,680 1.99
    Netweb Technologies India Ltd NETWEB IN 5,684 278,634 1.99
    Acutaas Chemicals Ltd ACUTAAS IN 8,480 278,035 1.98
    Nippon Life India Asset Management Ltd NAM IN 21,540 277,749 1.98
    Transformers & Rectifiers India Ltd TARIL IN 65,373 277,396 1.98
    Aditya Birla Sun Life Asset Management ABSLAMC IN 19,362 275,912 1.97
    Jammu & Kashmir Bank Ltd/The JKBK IN 156,333 275,839 1.97
    Zydus Lifesciences Ltd ZYDUSLIF IN 20,467 274,836 1.96
    Ajanta Pharma Ltd AJP IN 6,298 273,133 1.95
    Bank Of Maharashtra BOMH IN 274,725 272,716 1.94
    Hdfc Asset Management Co Ltd HDFCAMC IN 7,454 272,006 1.94
    Indiamart Intermesh Ltd INMART IN 8,668 271,903 1.94
    Union Bank Of India UNBK IN 101,411 271,000 1.93
    Eclerx Services Ltd ECLX IN 12,033 270,516 1.93
    State Bank Of India SBIN IN 16,987 268,791 1.92
    Hindustan Aeronautics Ltd HNAL IN 4,676 267,872 1.91
    Bharat Electronics Ltd BHE IN 40,774 267,094 1.90
    Hindustan Copper Ltd HCP IN 34,416 264,775 1.89
    Canara Bank CBK IN 132,795 262,121 1.87
    Bank Of India BOI IN 120,976 261,574 1.87
    Polycab India Ltd POLYCAB IN 2,446 261,396 1.86
    Data Patterns India Ltd DATAPATT IN 5,489 260,572 1.86
    Eicher Motors Ltd EIM IN 2,507 259,014 1.85
    Hero Motocorp Ltd HMCL IN 3,308 257,581 1.84
    Authum Investment & Infrastucture Ltd AIIL IN 38,846 253,318 1.81
    Sharda Cropchem Ltd SHCR IN 18,343 252,884 1.80
    Bank Of Baroda BOB IN 64,174 248,837 1.77
    Idbi Bank Ltd IDBI IN 183,390 198,177 1.41
    Genus Prime Infra Ltd GENP IN 9,484 3,271 0.02
    Other/Cash --   25,257 0.18
    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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