Tap into India’s potential

Article Excerpt

ISHARES INDIA 50 ETF $34.35 (Nasdaq symbol INDY; buy or sell through brokers; us.ishares.com) tracks the Nifty 50 index—the 50 largest, most liquid Indian securities. It began trading in November 2009. The fund’s top holdings are Reliance Industries (conglomerate), 9.9%; HDFC Bank, 8.2%; Housing Development Finance, 7.5%; Infosys (information technology), 6.4%; ITC (conglomerate), 5.5%; ICICI Bank, 5.3%; Tata Consultancy (information technology), 4.7%; and Kotak Mahindra Bank, 3.9%. The fund has a high 0.92% expense ratio. Prime Minister Narendra Modi’s party continues to push through much-needed economic and political reforms. His government faces an election this year, but the outlook for those reforms and the economy remains positive. iShares India 50 ETF is a buy. buy. …