INDA vs FLIN: Holdings Overlap
iShares · 169 holdings · $6.6B · as of 2026-05-31
Franklin Templeton · 273 holdings · $2.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (INDA: 2026-05-31, FLIN: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are INDA and FLIN?
iShares MSCI India ETF (INDA, by iShares) holds 169 positions; Franklin FTSE India ETF (FLIN, by Franklin Templeton) holds 273. They have 164 holdings in common, and by portfolio weight the two funds are 87.5% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 87.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 164INDA holds 169 · FLIN holds 273
- Weight in Shared Holdings
- INDA 99%·FLIN 89%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in INDA
5 of 169 positions (0.5% of the fund) are not held by FLIN.
Only in FLIN
109 of 273 positions (9.9% of the fund) are not held by INDA. Showing the top 30 by weight.
Sector Breakdown
| Sector | INDA | FLIN |
|---|---|---|
| Financials | 21.5% | 19.6% |
| Consumer Discretionary | 9.9% | 8.9% |
| Energy | 8.6% | 9.0% |
| Information Technology | 6.8% | 7.0% |
| Materials | 6.6% | 6.6% |
| Other Sectors | 23.7% | 21.4% |
| Unclassified | 22.7% | 26.7% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (23% of INDA, 27% of FLIN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| INDA | +2.1% | -6.8% | -4.1% | +4.7% | +3.4% | +6.6% | — |
| FLIN | +2.1% | -6.3% | -3.6% | +5.8% | +4.6% | — | 0.42% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in INDA vs FLIN →
Shared Holdings(164)
The top 10 shared positions account for 36% of the overlap, led by RELIANCE, HDFCB and ICICIBC.
 RELIANCEReliance Industries Ltd. INR10(100%DEMAT) | 6.23% | 6.39% | 6.23% |
|---|---|---|---|
 HDFCBHDFC Bank Ltd. INR1 | 6.15% | 5.79% | 5.79% |
 ICICIBCICICI Bank Ltd. INR2 | 4.68% | 4.44% | 4.44% |
 BHARTIBharti Airtel Ltd. INR5 | 3.63% | 3.69% | 3.63% |
 INFOInfosys Ltd. INR5 | 2.92% | 3.00% | 2.92% |
 MMMahindra & Mahindra Ltd. INR5 | 2.20% | 1.92% | 1.92% |
 AXSBAxis Bank Ltd. INR2 | 2.23% | 1.86% | 1.86% |
 LTLarsen & Toubro Ltd. INR2 | 2.13% | 1.65% | 1.65% |
 BAFBajaj Finance Ltd. INR1(POST SUBD) | 1.92% | 1.57% | 1.57% |
 TCSTata Consultancy Services Ltd. INR1 | 1.54% | 1.68% | 1.54% |
 KMBKotak Mahindra Bank Ltd. INR1(POST SUBD) | 1.59% | 1.35% | 1.35% |
 SUNPSun Pharmaceutical Industries Ltd. INR1(DEMAT) | 1.30% | 1.31% | 1.30% |
 HUVRHindustan Unilever Ltd. INR1 | 1.34% | 1.27% | 1.27% |
 SBINState Bank of India INR1 | 1.34% | 1.26% | 1.26% |
 NTPCNTPC Ltd. INR10 | 1.28% | 1.23% | 1.23% |
 MSILMaruti Suzuki India Ltd. INR5 | 1.25% | 1.13% | 1.13% |
 TATATata Steel Ltd. INR1.00(POST SUBDIVISION) | 1.18% | 1.11% | 1.11% |
 TTANTitan Co Ltd. INR1 | 1.09% | 1.01% | 1.01% |
 BHEBharat Electronics Ltd. INR1 | 1.13% | 1.00% | 1.00% |
 PWGRPower Grid Corporation of India Ltd. INR10 | 1.02% | 0.93% | 0.93% |
 UTCEMUltratech Cement Ltd. INR10 | 1.02% | 0.90% | 0.90% |
 HNDLHindalco Industries Ltd. INR1 | 1.15% | 0.90% | 0.90% |
 HCLTHCL Technologies Ltd. INR2 | 0.85% | 0.99% | 0.85% |
 SHFLShriram Finance Ltd. INR2 (POST SUBD) | 1.01% | 0.85% | 0.85% |
 ADSEZAdani Ports And Special Economic Zone Ltd. LIMITED | 0.74% | 0.72% | 0.72% |
Frequently Asked Questions
How much do INDA and FLIN overlap?
INDA and FLIN overlap by 87.5% of portfolio weight. They share 164 holdings (INDA holds 169 positions and FLIN holds 273), based on each fund's latest SEC-reported holdings.
Is it redundant to own both INDA and FLIN?
The two portfolios are 87.5% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of INDA and FLIN?
The largest positions held by both funds are RELIANCE, HDFCB, ICICIBC, BHARTI and INFO. Together the top 10 shared positions account for 36% of the total overlap.
What does INDA own that FLIN doesn't?
5 positions (0.5% of INDA) are unique to INDA, led by VAML, VEDPOWER and VISL. In the other direction, 109 positions (9.9% of FLIN) are unique to FLIN.