Description

The fund captures the large-cap Indian equity market by tracking a well-established index that holds a concentrated portfolio of 50 blue-chip companies traded on India's National Stock Exchange. This covers approximately 66% of Indian companies by market capitalization. The index uses market-cap and liquidity screens in identifying its constituents. Selected securities are then weighted by market-cap and rebalanced on a semi-annual basis. Overall, XID offers a diversified, plain-vanilla take on Indian large-cap stocks.