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Upturn AI SWOT - About
First Trust India NIFTY 50 Equal Weight ETF (NFTY)
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Upturn Advisory Summary
01/21/2025: NFTY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type ETF | Historic Profit 28% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 29070 | Beta 0.53 | 52 Weeks Range 51.57 - 65.05 | Updated Date 04/1/2025 |
52 Weeks Range 51.57 - 65.05 | Updated Date 04/1/2025 |
Upturn AI SWOT
First Trust India NIFTY 50 Equal Weight ETF
ETF Overview
Overview
The First Trust India NIFTY 50 Equal Weight ETF (NFTY) seeks investment results that correspond generally to the price and yield of the NIFTY 50 Equal Weight Index. It offers exposure to the 50 largest Indian companies, re-weighted equally to avoid concentration in a few dominant stocks.
Reputation and Reliability
First Trust is a well-established ETF provider known for its innovative and thematic investment strategies.
Management Expertise
First Trust has a dedicated team of portfolio managers and analysts with experience in managing international equity ETFs.
Investment Objective
Goal
To provide investment results that correspond generally to the price and yield of the NIFTY 50 Equal Weight Index.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, aiming to hold all or substantially all of the component securities of the NIFTY 50 Equal Weight Index in the same approximate proportions as their weighting in the index.
Composition The ETF holds stocks of the 50 largest Indian companies listed on the National Stock Exchange of India, equally weighted.
Market Position
Market Share: Data unavailable.
Total Net Assets (AUM): 155200000
Competitors
Key Competitors
- PIN
- SMIN
Competitive Landscape
The India-focused ETF market is competitive. NFTY differentiates itself through its equal-weighting approach, which reduces concentration risk compared to market-cap-weighted competitors like PIN. However, this approach can also lead to different performance outcomes.
Financial Performance
Historical Performance: Historical financial performance data requires specific dates and periods, which are not provided.
Benchmark Comparison: Benchmark comparisons require specific performance data and benchmark information over a time period, which are not provided.
Expense Ratio: 0.8
Liquidity
Average Trading Volume
The average trading volume of NFTY indicates moderate liquidity, which means that the ETF can be traded relatively easily without significantly impacting its price.
Bid-Ask Spread
The bid-ask spread of NFTY is generally competitive, which signifies reasonable transaction costs for investors.
Market Dynamics
Market Environment Factors
Economic growth in India, government policies, global market conditions, and currency fluctuations can all affect NFTY.
Growth Trajectory
NFTY's growth is dependent on the overall performance of the Indian stock market and the appeal of its equal-weighting strategy to investors. Changes to strategy and holdings are typically driven by index rebalancing.
Moat and Competitive Advantages
Competitive Edge
NFTY's key advantage is its equal-weighting methodology within the Indian equity market, differentiating it from market-cap-weighted ETFs. This approach limits concentration risk, potentially offering smoother returns. The fund's access to the NIFTY 50 index provides exposure to India's largest and most liquid companies. Furthermore, First Trust's established brand adds credibility and investor confidence.
Risk Analysis
Volatility
NFTY's volatility is tied to the inherent volatility of the Indian stock market.
Market Risk
Market risk encompasses potential losses due to economic downturns, political instability, currency risk, and regulatory changes in India.
Investor Profile
Ideal Investor Profile
NFTY is suited for investors seeking broad exposure to the Indian equity market with a focus on diversification and reduced concentration risk. It may appeal to those who believe equal weighting can lead to superior long-term performance compared to market-cap weighting.
Market Risk
NFTY is best suited for long-term investors seeking exposure to the Indian equity market.
Summary
The First Trust India NIFTY 50 Equal Weight ETF (NFTY) offers a unique approach to investing in India's largest companies by using an equal-weighting strategy. This approach differentiates it from market-cap-weighted ETFs and aims to reduce concentration risk. Its performance is highly correlated with the Indian stock market's overall health. Investors should consider their risk tolerance and investment horizon before investing in this ETF, as it can still be volatile due to the nature of the Indian stock market.
Similar Companies
- PIN
- SMIN
- INDA
- EPI
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Bloomberg
- SEC Filings
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and after consulting with a financial advisor. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust India NIFTY 50 Equal Weight ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to track the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India (NSE) by investing in all of the components of the NIFTY 50.
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