VanEck India Growth Leaders ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among equity funds would cost $264 (0.53% a year), so GRIN is $150 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 3 Sept 2026 · 51 securities · top 10 = 29.0%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −6.1 | 3.5 | −11.1 | 7.4 | 1.4 | 7.4 | −3.9 | 0.8 | −0.6 | −1.7 | −4.3YTD | ||
| 2025 | 6.8 | 2.0 | −5.1 | −2.6 | −0.4 | 3.3 | −1.5 | −3.6 | −1.6 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
GRIN questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is VanEck India Growth Leaders ETF?
VanEck India Growth Leaders ETF holds 51 securities, and its ten largest positions make up 29.0% of the fund, more spread out than the 40.5% typical of equity funds. That makes it moderately diversified.
Its country exposure is almost entirely India (100.0%), based on holdings as at 3 Sept 2026.
Which ETFs does GRIN double up with most?
GRIN shares the most holdings with Betashares India Quality ETF (IIND) (14% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing GRIN with one of them adds some genuinely different holdings.
How is VanEck India Growth Leaders ETF managed – active or passive?
VanEck India Growth Leaders ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among equity funds, active funds charge a median 0.85% a year and index funds 0.43%.
What will I pay in fees for GRIN?
GRIN charges a management fee of 0.75% a year, about $75 for every $10,000 invested. Only 20% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among equity funds, the median is 0.49%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.39% for GRIN.
Does VanEck India Growth Leaders ETF follow a theme?
No. VanEck India Growth Leaders ETF is a broad equity fund: it aims to cover a wide slice of its market (India) rather than one theme or sector.
What is under the hood of GRIN?
As at 3 Sept 2026, GRIN's ten largest holdings are Welspun Corp Ltd (5.5%), Td Power Systems Ltd (3.2%), Sai Life Sciences Ltd (2.8%), Lloyds Metals & Energy Ltd (2.7%), Netweb Technologies India Ltd (2.7%), Spr Auto Technologies Ltd (2.7%), Acutaas Chemicals Ltd (2.5%), Engineers India Ltd (2.4%), Premier Energies Ltd (2.4%) and Nippon Life India Asset Management Ltd (2.3%). Together they make up 29.0% of the fund.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for GRIN's index are in the issuer's PDS. Its top 10 weighting of 29.0% compares with 40.5% for similar funds.
How well has VanEck India Growth Leaders ETF performed?
Based on its category, VanEck India Growth Leaders ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −11.6% over 1 year (median 4.8%; ranked 244 of 273). The medians and rankings compare it with equity funds. Since listing in 2025 it has returned −4.7% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for GRIN; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.75% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.