au en false false Default
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
      $17.68

      as at 09-Mar-26
    • Total Net Assets
      $14.17M
    • 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.
    CNEW-VanEck-China-New_Economy-ETF-Tile.webp

    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 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 10-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 89,533 534,215 3.77
    Karur Vysya Bank Ltd/The KVB IN 90,320 405,954 2.86
    Union Bank Of India UNBK IN 145,390 400,242 2.82
    Alstom T&D India Ltd GVTD IN 6,806 394,331 2.78
    State Bank Of India SBIN IN 22,871 386,255 2.73
    Bank Of India BOI IN 164,045 381,560 2.69
    Canara Bank CBK IN 171,227 368,307 2.60
    Indus Towers Ltd INDUSTOW IN 53,328 359,513 2.54
    Bank Of Maharashtra BOMH IN 353,109 356,613 2.52
    Bharat Electronics Ltd BHE IN 49,736 349,711 2.47
    Bank Of Baroda BOB IN 78,892 349,374 2.47
    Natco Pharma Ltd NTCPH IN 21,990 338,989 2.39
    Lupin Ltd LPC IN 9,451 334,642 2.36
    Cummins India Ltd KKC IN 4,611 332,566 2.35
    Sharda Cropchem Ltd SHCR IN 20,958 327,011 2.31
    Polycab India Ltd POLYCAB IN 2,572 325,373 2.30
    Force Motors Ltd FML IN 1,019 323,507 2.28
    Coal India Ltd COAL IN 47,685 320,847 2.26
    Jammu & Kashmir Bank Ltd/The JKBK IN 184,680 317,830 2.24
    Idbi Bank Ltd IDBI IN 200,514 305,189 2.15
    Nmdc Ltd NMDC IN 247,782 301,440 2.13
    Eicher Motors Ltd EIM IN 2,691 300,607 2.12
    Netweb Technologies India Ltd NETWEB IN 6,046 297,399 2.10
    Nippon Life India Asset Management Ltd NAM IN 22,919 293,726 2.07
    Dr Reddy's Laboratories Ltd DRRD IN 14,326 283,461 2.00
    Bharti Airtel Ltd BHARTI IN 9,769 280,359 1.98
    International Gemmological Institute In IGIL IN 53,045 271,935 1.92
    Sarda Energy & Minerals Ltd SEML IN 31,653 262,613 1.85
    Icici Bank Ltd ICICIBC IN 13,179 259,023 1.83
    Hindustan Aeronautics Ltd HNAL IN 4,153 254,749 1.80
    Welspun Corp Ltd WLCO IN 20,900 250,612 1.77
    Zydus Lifesciences Ltd ZYDUSLIF IN 17,863 249,595 1.76
    Hdfc Asset Management Co Ltd HDFCAMC IN 6,546 247,682 1.75
    Indiamart Intermesh Ltd INMART IN 7,185 241,196 1.70
    Tata Consultancy Services Ltd TCS IN 6,067 235,742 1.66
    Kfin Technologies Ltd KFINTECH IN 16,827 235,481 1.66
    Waaree Energies Ltd WAAREEEN IN 5,676 226,797 1.60
    Doms Industries Ltd DOMS IN 7,140 225,667 1.59
    Genus Power Infrastructures Ltd GPIN IN 56,965 213,779 1.51
    Trent Ltd TRENT IN 3,545 201,076 1.42
    Nesco Ltd NSE IN 12,158 199,722 1.41
    Suzlon Energy Ltd SUEL IN 324,209 197,483 1.39
    Bls International Services Ltd BLSIN IN 51,047 193,061 1.36
    Deepak Fertilisers & Petrochemicals Cor DFPC IN 13,095 187,664 1.32
    Authum Investment & Infrastucture Ltd AIIL IN 29,729 185,245 1.31
    Transrail Lighting Ltd TRANSRAI IN 23,485 181,397 1.28
    Shakti Pumps India Ltd SKPI IN 22,747 166,709 1.18
    Transformers & Rectifiers India Ltd TARIL IN 37,267 158,993 1.12
    Kpit Technologies Ltd KPITTECH IN 14,914 157,957 1.11
    Blue Jet Healthcare Ltd BLUEJET IN 25,316 146,187 1.03
    Genus Prime Infra Ltd GENP IN 9,484 3,287 0.02
    Other/Cash --   48,352 0.34
    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

    GRINAU #
    Exchange Traded Funds (ETFs)
    Information about
    Education
    Connect with us