Fund Summary
This ETF tracks the MSCI India Index — the 150 largest mid- and large- sized companies covering roughly 85% of the Indian stock market. Investing in this fund gives access to a regional index investment, for those with confidence in the growth of India’s equities market.
Avrg. annual returns (28/05/2020 - 28/05/2025)
+
17.02%
Fund
iShares MSCI India UCITS ETF USD Acc (GBP)
Ticker
IIND
Category
Index Tracker
Management charges
0.65%
Risk level
6 of 7
Region
India
Currency
GBP
KIID
With investing, your capital is at risk. Past performance is not a reliable guide to current or futurpe performance, and should not be the only thing you consider when selecting a fund.
About this fund

Tap into India’s future

Overview

This fund gives investors exposure to the largest companies in India — one of the fastest growing economies in the world. 

It tracks the MSCI India Index which tracks the top mid- and large-sized companies within India’s stock market. Companies are weighted by market capitalization (value of total shares). This index is a good representation of India’s growth sectors — like financials, IT and energy.

Sector exposure

This is a region specific index fund, meaning any investment is spread across a range of different equities, but these are confined to one region.  

The dominant sectors are currently Financials, Consumer Goods and IT, however, India is a high growth economy where trends could shift and new sectors could move into focus.

Index Tracker

This is a passive index fund, meaning it doesn’t hand-pick stocks — it follows a broad benchmark of leading companies within the Indian equities market.  

Given its region specific exposure, this fund offers less diversity than a global index fund, but isn’t confined to one industry. This fund should make up part of a diverse portfolio, and if used as a sole investment would be overexposed to one region (India).

Managed by iShares

HSBC Asset Management is part of the wider HSBC Group, boasting over 50 years experience and managing $600 billion (2024).

HSBC focuses on bringing investors a low-cost range of investment products, with particular strength in global equity and ESG offerings.

Managed by iShares

iShares ETFs are managed by BlackRock, the world’s largest asset manager, with over three decades of experience in index investing. The team applies rigorous quantitative research and disciplined risk management to deliver diversified, cost-effective market exposure.

With a strong emphasis on transparency and innovation, iShares products are built to support efficient, long-term investment strategies. BlackRock’s global scale and local insights help navigate changing markets with confidence.

Managed by iShares

Invesco is a global asset manager with over $1.4 trillion in assets (2024). They offer over 240 ETFs, covering equities, fixed income, commodities and thematics. 

Founded in 1935, Invesco brings 90 years of experience creating reliable, investor-first solutions.

Managed by iShares

Vanguard has been a best friend to everyday investors since the 1970s, making it easy to invest with confidence. Today, it manages $10 trillion worldwide (2024), sticking to a philosophy of low costs, transparency, and long-term thinking. 

When you invest through Vanguard, you’re investing with one of the most trusted names in asset management.

Managed by iShares

WisdomTree is a global asset manager based in New York. With $116 billion under management (as of April 2025), they are a trusted provider of over 260 ETPs (Exchange Traded Products).

Their investment product philosophy seeks to use unique research to provide investors access to traditionally inaccessible asset classes.

Top holdings

Top companies in the India Fund

Bharti Airtel Ltd.

One of India’s top telecom providers, offering mobile and broadband services.

HDFC Bank Ltd.

One of India’s largest private-sector banks, known for its strong retail lending and digital banking services.

ICICI Bank Ltd.

A leading Indian private-sector bank offering a range of personal and business financial services.

Infosys Ltd.

A global IT services company specialising in consulting, outsourcing and next-gen digital technologies.

Reliance Industries Ltd.

A major Indian conglomerate with operations spanning energy, petrochemicals, telecoms and retail.

Tata Consultancy Services Ltd.

A global leader in IT services and consulting, and a flagship company of the Tata Group.

Why Chip

Investing with Chip is easy

Invest with 0% platform fees

No hidden fees, or fees that will grow over time. You won’t pay more to invest more with Chip X.*

No endless scrolling

We keep it simple with a curated range of funds from some of the world’s biggest asset managers.

Seamless recurring deposits.

Set up recurring deposits directly into your chosen funds and save the payday admin.

Invest your way 

Our Dual Track feature lets you choose from three risk levels, or create your own portfolio from a curated range of funds.

*A monthly or annual ChipX membership fee is required and fund management charges apply.
It only takes minutes

How to invest with Chip

Step 1

Choose your account

Enjoy tax-free returns with a Stocks & Shares ISA and invest without limits with a GIA.

Step 2

Explore your options

Choose to do it yourself and pick your own funds, or choose from our three ready-made options.

Step 3

Let the funds do the work

Easily access your portfolio at your fingertips, and set up recurring deposits to build wealth for the future.

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Looking for guidance

Selected for you

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Have questions?

India Fund FAQ's

Can the companies in the index change?

Yes – as companies move in and out of the MSCI India Index, this will change the holdings of the India Fund. This index will always track the companies within the MSCI India Index.

Can I use the India Fund as a sole investment?

Technically, you can use the India Fund as a sole investment, but due to its regional nature, it can come with more frequent volatility. Investors seeking a more balanced risk exposure could add this to a broad portfolio featuring a range of investments.  

Does this ETF pay dividends?

No. This is an accumulating fund, meaning any returns generated are automatically reinvested for you. This reinvestment type is best suited for investors seeking long-term growth on their investment.

Can I invest in the India Fund from the UK?

Yes — this fund is compliant with UCITS regulation, meaning it is permitted for investment in the UK. All investment funds on Chip are UCITS compliant. 

Can I invest in the India Fund from the UK?

Yes — this fund is compliant with UCITS regulation, meaning it is permitted for investment in the UK. All investment funds on Chip are UCITS compliant.