INDA vs EEM: Pure India Exposure vs Broad Emerging Markets
INDA is a concentrated bet on India's $3T+ economy and growing middle class. EEM diversifies across 20+ emerging markets but has heavy China exposure. Very different risk profiles.
INDA (iShares MSCI India ETF) and EEM (iShares MSCI Emerging Markets ETF) both offer emerging market exposure but with very different concentration. INDA holds roughly 100 Indian companies — Reliance Industries, HDFC Bank, Infosys, TCS — giving pure exposure to India's domestic growth story. EEM holds 1,000+ companies across 20+ emerging markets, but China still comprises 25-30% of the fund, so EEM performance is heavily influenced by Chinese markets. Both charge similar fees: INDA at 0.65%, EEM at 0.68%. India has been one of the best-performing major markets in 2022-2024; China has been a significant drag on EEM. For investors who want India specifically (without China drag), INDA is the direct route. For diversified EM exposure, EEM or VWO is the conventional choice.
Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.
Both funds trade commission-free at every major brokerage. Where to buy them →
📋 INDA vs EEM: Key Facts Side by Side
| Metric | INDA | EEM |
|---|---|---|
| Fund Name | iShares MSCI India ETF | iShares MSCI Emerging Markets ETF |
| Issuer | iShares | iShares |
| Tracks Index | MSCI India | MSCI Emerging Markets |
| Expense Ratio | 0.61% ✓ | 0.72% |
| Cost per $10K/yr | $61.00 | $72.00 |
| AUM | $5.8B | $31.1B |
| Holdings | 100 | 1,200 |
| Inception | 2012 | 2003 |
| 1-Year Return | -13.76% | +22.86% |
| 3-Year Return | +1.76% | +23.20% |
| 5-Year Return | +0.20% | +8.09% |
| Dividend Yield | — | 1.67% |
| Holdings Overlap | See holdings overlap → | |
| Avg Bid-Ask Spread | 0.03% | 0.01% |
AUM and returns updated Oct 14, 2026 from ETF BFF database; expense ratios verified against issuer filings. Returns are annualised. Not investment advice.
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📊 INDA vs EEM: Annualised Returns
Annualised returns (trailing, price-based). Past performance does not guarantee future results.
🎯 Which Fund Fits Which Investor?
- want the lowest fees: saves ~$11/yr per $10K vs EEM
- want broader diversification (1,200 holdings vs 100)
💰 What the Fee Difference Actually Costs
Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.
Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.
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