Samsung Asset Management's KODEX India Nifty50 Net Assets Surpass 500 Billion Won

Samsung Asset Management announced on the 17th that the net assets of the KODEX India Nifty50 Exchange Traded Fund (ETF), which invests in 50 large-cap stocks in the Indian stock market, have surpassed 500 billion KRW.

The KODEX India Nifty50 ETF tracks the Nifty50 index, which comprises 50 large-cap stocks in the Indian market. Since its listing in April last year, it has risen 43.4%, recording the highest return among ETFs tracking the same index listed domestically (excluding leveraged ETFs).

Individual investors have shown strong interest in the Indian market by net purchasing 147.8 billion KRW this year alone. Institutional investors have also continued to inject funds, with investments approaching 67 billion KRW. In particular, with assets under management of 353 billion KRW, it is the largest Indian fund (including ETFs) in Korea.

India is currently the only major country in the world recording a growth rate in the 6% range, and this trend is expected to continue for the time being. According to IMF analysis, India’s economic size is projected to rise from 5th place currently to 3rd place by 2028, surpassing Japan and Germany. The growth drivers of India include abundant human resources due to its young population structure and improvements in infrastructure conditions starting from aggressive facility investments by the government. Especially, investors widely expect that Prime Minister Modi’s economic policy (Modinomics) will continue to focus on pro-business economic growth policies.

Lee Jun-jae, manager at Samsung Asset Management, stated, “India has achieved high economic growth compared to advanced countries such as the US and Europe as well as major emerging countries like China, and is emerging as a representative investment destination for various investors worldwide. The KODEX India Nifty50 ETF is the most efficient means to invest in this Indian market and will serve as a portfolio diversification option especially for investors who mainly invest in Korean and US stocks.”

Currently, Samsung Asset Management has secured a diverse lineup of Indian products, including the KODEX India Nifty50 and KODEX India Nifty50 Leverage ETFs that invest in Indian indices, and the KODEX India Tata Group ETF, which was listed last May and invests in the Tata Group leading India’s three major growth industries: consumption, IT, and infrastructure. Additionally, it operates public funds such as the ‘Samsung India Small & Mid-Cap FOCUS,’ which concentrates on Indian small and mid-cap stocks, providing investors with various Indian investment options.