INDA tracks the MSCI India Index, which holds large and mid-cap Indian companies, with banks, IT services, energy conglomerates and consumer companies among the largest weights. India has one of the faster-growing large economies, supported by a young population and expanding domestic consumption, but the market has traded at higher valuations than most emerging markets. Returns for US investors are affected by changes in the Indian rupee against the dollar. As a single-country fund, INDA is less diversified than broad emerging-market funds.
