iShares MSCI India UCITS ETF

IE00BZCQB185Traded as NDIA · IIND · QDV5ETFUSDAccumulatingFigures as of October 23, 2026

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India Blend Equity

RiskMediumValuationBlendConcentrationBalancedRegionIndiaSectorFinancials

iShares MSCI India UCITS ETF is a india blend equity ETF from iShares with a total expense ratio of 0.65% and a risk indicator of 4 on the 1–7 scale. Its ten largest positions weigh 35.2% of the portfolio, which FundFacts classifies as balanced. Regional focus: India. Sector tilt: Financials.

Key facts

TER0.65%

Fund sizeUSD 4.8bn

InceptionMay 24, 2018

Holdings165

Asset classEquities

BenchmarkMSCI India Index (Net)

Risk indicator (SRRI)

Lower risk · lower rewardHigher risk · higher reward

Volatility 3y17.6%

Sharpe 3y-0.04

Max drawdown-25.9%

Investment objective

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI India Index Net USD, the Fund’s benchmark index (Index).

Fund details

ISIN	IE00BZCQB185
Fund house	iShares
Structure	ETF
Share class	USD Accu
Share class currency	USD
Distribution policy	Accumulating
Domicile	Ireland
Launch date	May 24, 2018
Benchmark	MSCI India Index (Net)
Replication	Physical
Asset class	Equities
Fund size	USD 4.8bn
Number of holdings	165
Equity / bond split	100 / 0
Price / earnings	21.3x

Fees and costs

Total expense ratio (TER)	0.65%
Ongoing charges	0.65%
Transaction costs	0.03%
Entry charge	0.00%
Exit charge	0.00%
Performance fee	0.00%
Reduction in yield, 1 year	0.70%
Reduction in yield, holding period	0.80%
Recommended holding period	5 years
Example investment (KID)	USD 10,000
Total costs, 1 year	68 USD
Total costs, holding period	582 USD

Costs over time

Example investment	USD 10,000
Total costs if you exit after 1 year	68 USD
Total costs if you exit after 5 years (recommended holding period)	582 USD

Amounts as printed in the key information document (KID), for the example investment it states and the holding periods it shows. Calculate for another amount or period

Exchange listings

Exchange	MIC	Ticker	Trading currency
London Stock Exchange	`XLON`	IIND	GBP
London Stock Exchange	`XLON`	NDIA	USD
Xetra	`XETR`	QDV5	EUR
Euronext Amsterdam	`XAMS`	NDIA	EUR

From the instrument lists of the London Stock Exchange, SIX Swiss Exchange, Xetra (shared with Börse Frankfurt) and Euronext, reloaded weekly; other venues from the OpenFIGI tickers of loaded funds, without a trading currency. One share class has one ticker per venue and trading currency.

Growth of 100 since inception

Fund161MSCI India Index (Net)170

2018-04 → 2026-10 · rebased to 100

Computed from the NAV history the issuer publishes, monthly observations, rebased to 100 at the first point.

Calendar-year returns

Fund MSCI India Index (Net)

Annualised returns

Period	Fund	Index	Diff
1 Year	−16.21%	−15.59%	−0.62%
3 Years p.a.	+2.74%	+3.06%	−0.32%
5 Years p.a.	+0.85%	+1.33%	−0.48%
Since Inception	+5.84%	+6.48%	−0.64%

Largest sectors

Financials30.3%
Consumer Discretionary12.7%
Industrials10.3%
Materials8.3%
Information Technology8.0%
Energy7.8%
Health Care6.9%
Communication5.4%
Consumer Staples5.0%
Utilities3.8%

Largest countries

India99.9%

Concentration

Top 10 weight 35.2% — balanced

01HDFC BANK6.41%
02ICICI BANK6.01%
03RELIANCE INDUSTRIES LTD5.56%
04BHARTI AIRTEL LTD4.31%
05INFOSYS2.85%
06AXIS BANK2.26%
07MAHINDRA AND MAHINDRA LTD2.02%
08LARSEN AND TOUBRO LTD2.00%
09KOTAK MAHINDRA BANK LTD1.91%
10BAJAJ FINANCE LTD1.88%

Full holdings (165) in the API payload.

Frequently asked questions

What is the TER of iShares MSCI India UCITS ETF?

The total expense ratio (TER) of iShares MSCI India UCITS ETF (IE00BZCQB185) is 0.65% per year.

How risky is iShares MSCI India UCITS ETF?

iShares MSCI India UCITS ETF has a risk indicator (SRRI) of 4 on a scale from 1 (lower risk) to 7 (higher risk), which FundFacts places in the medium risk band. Its 3-year volatility is 17.6%. Its maximum drawdown is -25.9%.

What are the top holdings of iShares MSCI India UCITS ETF?

The largest positions of iShares MSCI India UCITS ETF as of October 23, 2026 are HDFC BANK (6.41%), ICICI BANK (6.01%), RELIANCE INDUSTRIES LTD (5.56%), BHARTI AIRTEL LTD (4.31%) and INFOSYS (2.85%). Its ten largest holdings make up 35.2% of the portfolio, out of 165 holdings in total.

What does iShares MSCI India UCITS ETF invest in?

iShares MSCI India UCITS ETF is a india blend equity ETF. Its largest exposures as of October 23, 2026 are by country, India 99.9%; by sector, Financials 30.3%, Consumer Discretionary 12.7% and Industrials 10.3%.

How has iShares MSCI India UCITS ETF performed?

iShares MSCI India UCITS ETF returned −16.21% over one year, +0.85% a year over five years and +3.1% in calendar year 2025 as of October 23, 2026, according to the NAV history iShares publishes. Past performance does not predict future returns.

Is iShares MSCI India UCITS ETF accumulating or distributing?

iShares MSCI India UCITS ETF is an accumulating share class: income from its holdings is reinvested in the fund rather than paid out.

Which index does iShares MSCI India UCITS ETF track?

iShares MSCI India UCITS ETF's benchmark is the MSCI India Index (Net), which it tracks using physical replication.

Where is iShares MSCI India UCITS ETF domiciled and what is its SFDR classification?

iShares MSCI India UCITS ETF is domiciled in Ireland (ISIN IE00BZCQB185).

Where does this data about iShares MSCI India UCITS ETF come from?

FundFacts reads it from the documents iShares publishes for this share class — product page, factsheet, key information document and, where available, holdings and NAV files — and refreshes it every 24 hours. The same factsheet is available as JSON from the FundFacts API.

Documents from iShares

figures as of October 23, 2026 · The fund house's own public documents this page was read from, on its site; FundFacts links to them and copies none.

Glossary

TER Risk indicator (SRRI)Max drawdown Sharpe 3y Replication SFDR classification How to get an ETF's holdings How to get a fund's TER

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iShares funds & ETFs

Figures are read from the documents iShares publishes for this share class (product page, factsheet, key information document and, where available, holdings and NAV files), as of October 23, 2026. The category, risk band, concentration and tilt labels are the FundFacts profile (fundfacts-profile/4), derived from those figures with fixed, published rules. FundFacts API is independent and not affiliated with, sponsored or endorsed by iShares; fund names are used to identify the product only. Nothing on this page is investment advice.