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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
      $18.04

      as at 27-Jan-26
    • Total Net Assets
      $12.65M
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.75%
    • Number of securities
      50
    • 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, 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 or major, core, minor or satellite allocation within a portfolio, has no minimum 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 28-Jan-26 Download all holdings

    No. of holdings: 50
    Holding name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    National Aluminium Co Ltd NACL IN 79,017 475,656 3.76
    Bank Of India BOI IN 144,778 369,748 2.92
    Canara Bank CBK IN 151,116 365,948 2.89
    Karur Vysya Bank Ltd/The KVB IN 79,712 364,995 2.89
    Union Bank Of India UNBK IN 128,313 351,878 2.78
    State Bank Of India SBIN IN 20,185 332,722 2.63
    Bank Of Baroda BOB IN 69,626 329,110 2.60
    Bank Of Maharashtra BOMH IN 311,636 317,145 2.51
    Indus Towers Ltd INDUSTOW IN 47,064 311,265 2.46
    Bharat Electronics Ltd BHE IN 43,895 285,772 2.26
    Lupin Ltd LPC IN 8,341 280,750 2.22
    Coal India Ltd COAL IN 42,084 278,559 2.20
    Nmdc Ltd NMDC IN 218,679 269,846 2.13
    Idbi Bank Ltd IDBI IN 176,963 269,278 2.13
    Eicher Motors Ltd EIM IN 2,375 266,325 2.11
    Bharti Airtel Ltd BHARTI IN 8,622 266,309 2.11
    Tata Consultancy Services Ltd TCS IN 5,354 264,639 2.09
    Jammu & Kashmir Bank Ltd/The JKBK IN 162,989 264,520 2.09
    Force Motors Ltd FML IN 899 264,322 2.09
    Alstom T&D India Ltd GVTD IN 6,007 256,759 2.03
    Netweb Technologies India Ltd NETWEB IN 5,336 253,376 2.00
    Nippon Life India Asset Management Ltd NAM IN 20,227 252,938 2.00
    Cummins India Ltd KKC IN 4,069 250,181 1.98
    Hindustan Aeronautics Ltd HNAL IN 3,666 249,514 1.97
    Icici Bank Ltd ICICIBC IN 11,631 247,837 1.96
    Natco Pharma Ltd NTCPH IN 19,408 247,344 1.96
    Dr Reddy's Laboratories Ltd DRRD IN 12,644 245,357 1.94
    Polycab India Ltd POLYCAB IN 2,270 240,392 1.90
    Sharda Cropchem Ltd SHCR IN 18,496 240,353 1.90
    Kfin Technologies Ltd KFINTECH IN 14,850 236,147 1.87
    Doms Industries Ltd DOMS IN 6,302 230,870 1.83
    Kpit Technologies Ltd KPITTECH IN 13,162 227,516 1.80
    Zydus Lifesciences Ltd ZYDUSLIF IN 15,765 220,434 1.74
    Hdfc Asset Management Co Ltd HDFCAMC IN 5,777 220,336 1.74
    Indiamart Intermesh Ltd INMART IN 6,341 216,985 1.72
    International Gemmological Institute In IGIL IN 46,815 213,226 1.69
    Authum Investment & Infrastucture Ltd AIIL IN 26,238 212,851 1.68
    Waaree Energies Ltd WAAREEEN IN 5,010 211,345 1.67
    Deepak Fertilisers & Petrochemicals Cor DFPC IN 11,557 209,196 1.65
    Sarda Energy & Minerals Ltd SEML IN 27,935 208,559 1.65
    Welspun Corp Ltd WLCO IN 18,445 208,396 1.65
    Genus Power Infrastructures Ltd GPIN IN 50,274 208,011 1.64
    Suzlon Energy Ltd SUEL IN 286,130 205,068 1.62
    Shakti Pumps India Ltd SKPI IN 20,076 194,772 1.54
    Bls International Services Ltd BLSIN IN 45,051 190,032 1.50
    Nesco Ltd NSE IN 10,730 186,165 1.47
    Trent Ltd TRENT IN 3,129 185,862 1.47
    Transrail Lighting Ltd TRANSRAI IN 20,727 148,484 1.17
    Blue Jet Healthcare Ltd BLUEJET IN 22,342 146,818 1.16
    Transformers & Rectifiers India Ltd TARIL IN 32,890 118,993 0.94
    Other/Cash --   37,186 0.29
    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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