I got an email on Saturday from a reader who wanted to know whether there were any ETFs that provide exposure to India for a UK investor.
Tony had left a comment on the water ETF post mentioning a water ETF for UK investors, so I asked him if he knew about any India ETFs for UK investors.
He sent me a detailed email about such ETFs, and I am really thankful for him for it. Using his email, here is a list of India ETF for UK investors.
db x-trackers S&P CNX Nifty ETF (India): This is an ETF that tracks the Nifty, which is one of the most popular indices in India. It contains 50 stocks and covers 22 sectors of the Indian economy. Total expense ratio of the fund is 0.85%. The assets under management are 279.54 million.
Lyxor has two India ETFs, both track the S&P CNX Nifty, one has the currency listed as GBP, and the other one as USD. Here are the two links:
Lyxor ETF India S&P CNX Nifty GBP: This one shows a year performance of +79.63%, and has 18.99 million assets under management. It has an expense ratio of 0.85%.
Lyxor ETF India S&P CNX Nifty USD: This one also shows a one year performance, assets under management and expense ratio same as the one above, but the currency is USD.
As you can see from the above comparison, these three funds are quite identical, the db-x trackers India ETF is much bigger in size, and that seems to be the biggest difference between them.