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›ETF Providers›VanEck›GRIN
GRIN
AU0000389512
Passive ETFEquity

GRIN ETF · VanEck India Growth Leaders ETF (AU)

The GRIN Exchange Traded Fund (ETF) is provided by VanEck. It is built to track an index: MarketGrader India Growth Leaders 50 Index. The GRIN ETF provides physical exposure, so by buying it you actually own parts of all the 49 underlying holdings. This share class generates a stream of income by distributing dividends.
Real-time data unavailable for GRIN
LIVE
CLOSED
This fund is part ofAPAC Blended Cap1M perf.-1.69%
Last price
N/A
1M perf.
-8.01%
1M flows
N/A
AuM
€8.7M
E/R
0.75%
Rating
Not rated
ESG Consensus®
esg grade icon
GRIN
N/A

Performance & flows

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December 17, 2025 → March 17, 2026
0-10-5051015%JANFEBMAR
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GRIN
A$17.45
-10.14%
APAC Blended Cap
+9.03%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-8.01%
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-10.14%
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N/AN/AN/A
-7.03%
-12.00%
-12.00%
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Flows

Key fund info

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This ETF's jurisdiction country is not in your region (Europe and Middle East) Â· 
Main characteristics
Issuer
ISIN
AU0000389512
AuM
€8.7M
icon
E/R
0.75%
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Replication rating
Not rated
ESG Consensus®
esg grade icon
icon
More details
NAV
3/17/2026
A$17.45
1D NAV change
+0.58%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
49
Inception date
4/22/2025
Jurisdiction
Australia
Distribution
Australia
Legal structure
Managed Investment Scheme
Base currency
AUD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
MarketGrader India Growth Leaders 50 Index
Asset class
Factors
N/A
Investment strategy
GRIN gives investors a portfolio of fundamentally sound companies in India with the best growth at a reasonable price (GARP) attributes. GRIN aims to provide investment returns, before fees and other costs, which track the performance of the Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

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Historical risk/return profile

3M1Y3Y5Y
Returns
-10.14%
icon
N/A
N/A
N/A
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

Countries
India
98.01%
Unavailable
1.99%
Sectors
Financials
24.14%
Industrials
16.62%
Materials
11.30%
Information Technology
6.84%
Health Care
5.84%
Communication Services
4.60%
Consumer Discretionary
3.49%
Energy
2.25%
Unavailable
23.44%
Other
1.48%
Diversification
Total weight of top 15 holdings out of 49
Top 15 holdings
Data as of January 31, 2026
NATIONAL ALUMINIUM
KARUR VYSYA BANK
BANK OF INDIA
UNION BANK-A
INE476A01022
STATE BANK OF INDIA
INDUS TOWERS
BK OF BARODA
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BANK OF MAHARASHTRA
BHARAT ELECTRONICS
GE T&D INDIA LTD
SHARDA CROPCHEM
COAL INDIA ORD AU
LUPIN
NMDC
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Sustainability

Integrates ESG criteria
No
SDG

ESG Consensus® by Conser

Data as of December 31, 2025
Methodology

Our partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about GRIN ETF's sustainability, based on their methodology.

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ESG Consensus®
esg grade icon

ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.


GRIN’s has a Final Sustainability Grade of either C+, C, C-, or D.

This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
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Holdings review
66.92% of holdings have positive scoring
35.11% of holdings have negative scoring
37.08%
27.72%
5.23%
17.71%
12.16%
Consensus levels
Strong
Medium
Weak
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Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

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Replication

Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MarketGrader India Growth Leaders 50 NTR Index - AUD
Index ticker
MGINGLNR Index
Index dividend policy
NTR
Replication method
Replication model
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Issuer

VanEck
VanEck ID Card
Number of funds
174
Total AuM
€176.04B
Expense ratio range
0.07% - 12.86%
Average expense ratio
0.6804%
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Through forward-looking, intelligently designed active and ETF solutions, VanEck offers value-added exposures to emerging industries, asset classes and markets as well as differentiated approaches to traditional strategies. Global player based in New York, founded in 1955, ranked among the 10 best providers of ETFs in the United States, VanEck also has a strong presence in Europe (Germany, Switzerland, the Netherlands) as well as a presence in Asia and Australia. VanEck is different from other asset managers by being privately held, allowing them to focus on clients’ long-term interests, constantly been at the forefront of innovation and whose ETFs are transparent with no synthetic replication and no lent out.

Via Offical website

Frequently asked questions about GRIN

What does VanEck India Growth Leaders ETF (AU), GRIN, invest in?

GRIN is a Passive ETF. This ETF provides exposure to Equally Weighted Large and Mid-Cap Indian Equities.

Which benchmark or index does GRIN replicate?

GRIN tracks the MarketGrader India Growth Leaders 50 NTR Index - AUD, through a full replication replication method.

What is the Total Expense ratio (TER) of GRIN?

GRIN carries a total expense ratio (TER) of 0.75%, indicating the annual cost for holding the fund.

When was GRIN launched?

GRIN was introduced to the market on April 22, 2025. It trades on Australia

Who is the ETF issuer of GRIN?

VanEck India Growth Leaders ETF (AU), GRIN, is provided by VanEck. Learn more about VanEck here.

What is the current assets under management (AUM) of GRIN?

GRIN oversees €8.7M in assets as of March 17, 2026.

How has GRIN performed lately?

Based on data from March 17, 2026, GRIN returned -8.01% over the past month, -10.14% over the last three months and -12.00% year-to-date.

What are the latest inflows or outflows for GRIN?

As of March 17, 2026, GRIN recorded net flows of +€1.6M year-to-date.

Does GRIN distribute dividends?

GRIN follows a distributing dividend policy, meaning it pays out income to investors.

What are the main country or region exposures of GRIN?

As of January 31, 2026, GRIN has significant geographic allocations in India.

In which sector or theme does GRIN invest in?

As of January 31, 2026, GRIN focuses largely on Financials, Industrials and Materials.

How many securities does GRIN hold and how diversified is it?

As of January 31, 2026, GRIN holds 49 positions in its portfolio, with 38.88% of assets concentrated in its top 15 holdings.

What are the main positions in GRIN?

As of January 31, 2026, GRIN top three holdings include NATIONAL ALUMINIUM, KARUR VYSYA BANK and BANK OF INDIA.

What is the base currency of GRIN?

The base currency of GRIN is AUD.

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