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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
      $18.97

      as at 17-Feb-26
    • Total Net Assets
      $15.20M
    • 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.
      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 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 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 17-Feb-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 89,037 484,039 3.22
    Karur Vysya Bank Ltd/The KVB IN 89,820 443,376 2.95
    State Bank Of India SBIN IN 22,744 428,747 2.85
    Bank Of India BOI IN 163,136 421,568 2.80
    Union Bank Of India UNBK IN 144,584 413,063 2.75
    Sharda Cropchem Ltd SHCR IN 20,842 400,405 2.66
    Indus Towers Ltd INDUSTOW IN 53,032 391,988 2.61
    Force Motors Ltd FML IN 1,013 388,623 2.58
    Alstom T&D India Ltd GVTD IN 6,769 387,655 2.58
    Canara Bank CBK IN 170,278 387,495 2.58
    Bank Of Maharashtra BOMH IN 351,152 359,005 2.39
    Bank Of Baroda BOB IN 78,455 358,139 2.38
    Idbi Bank Ltd IDBI IN 199,402 348,108 2.32
    Bharat Electronics Ltd BHE IN 49,461 338,040 2.25
    Eicher Motors Ltd EIM IN 2,676 334,485 2.22
    Nippon Life India Asset Management Ltd NAM IN 22,792 328,507 2.18
    Lupin Ltd LPC IN 9,399 325,806 2.17
    Cummins India Ltd KKC IN 4,585 323,720 2.15
    Coal India Ltd COAL IN 47,421 312,629 2.08
    Nmdc Ltd NMDC IN 246,408 309,362 2.06
    Bharti Airtel Ltd BHARTI IN 9,715 307,639 2.05
    Polycab India Ltd POLYCAB IN 2,558 304,788 2.03
    Natco Pharma Ltd NTCPH IN 21,868 300,773 2.00
    Jammu & Kashmir Bank Ltd/The JKBK IN 183,656 294,455 1.96
    Icici Bank Ltd ICICIBC IN 13,106 288,678 1.92
    Hdfc Asset Management Co Ltd HDFCAMC IN 6,509 288,669 1.92
    Netweb Technologies India Ltd NETWEB IN 6,012 287,763 1.91
    Dr Reddy's Laboratories Ltd DRRD IN 14,247 282,198 1.88
    Waaree Energies Ltd WAAREEEN IN 5,645 274,504 1.83
    Hindustan Aeronautics Ltd HNAL IN 4,130 272,346 1.81
    International Gemmological Institute In IGIL IN 52,751 268,830 1.79
    Welspun Corp Ltd WLCO IN 20,784 263,226 1.75
    Doms Industries Ltd DOMS IN 7,101 262,414 1.75
    Kfin Technologies Ltd KFINTECH IN 16,734 261,350 1.74
    Tata Consultancy Services Ltd TCS IN 6,033 254,794 1.69
    Zydus Lifesciences Ltd ZYDUSLIF IN 17,764 252,365 1.68
    Sarda Energy & Minerals Ltd SEML IN 31,477 247,865 1.65
    Indiamart Intermesh Ltd INMART IN 7,145 245,923 1.64
    Genus Power Infrastructures Ltd GPIN IN 56,649 234,598 1.56
    Trent Ltd TRENT IN 3,525 232,637 1.55
    Suzlon Energy Ltd SUEL IN 322,412 232,476 1.55
    Authum Investment & Infrastucture Ltd AIIL IN 29,565 230,848 1.54
    Bls International Services Ltd BLSIN IN 50,764 224,723 1.49
    Nesco Ltd NSE IN 12,090 221,928 1.48
    Deepak Fertilisers & Petrochemicals Cor DFPC IN 13,022 208,050 1.38
    Transrail Lighting Ltd TRANSRAI IN 23,355 205,774 1.37
    Kpit Technologies Ltd KPITTECH IN 14,831 203,720 1.35
    Shakti Pumps India Ltd SKPI IN 22,621 199,325 1.33
    Transformers & Rectifiers India Ltd TARIL IN 37,061 156,463 1.04
    Blue Jet Healthcare Ltd BLUEJET IN 25,175 140,475 0.93
    Genus Prime Infra Ltd GENP IN 9,484 3,880 0.03
    Other/Cash --   97,156 0.65
    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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