Symbols

NFTY

First Trust India NIFTY 50 Equal Weight ETF·NASDAQ

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Key Stats

Assets Under Management

165.54MUSD

Fund Flows (1Y)

-105.79MUSD

Dividend Yield

1.25%

Discount/Premium to NAV

-0.12%

Shares Outstanding

2.85M

Expense Ratio

0.80%

About First Trust India NIFTY 50 Equal Weight ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=NFTY

Inception Date

Feb 14, 2012

Structure

Open-Ended Fund

Index Tracked

NIFTY 50 Equal Weight Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

NFTY provides equal-weighted exposure to the components of a widely followed index for Indian equity securities. The Nifty 50 Index holds a concentrated portfolio of 50 blue-chip companies trading on India's National Stock Exchange which covers approximately 66% of the Indian companies by market capitalization. The index uses size and liquidity screens in constructing its portfolio. Selected securities are then weighted equally and rebalanced quarterly. Prior to April 18, 2018, the fund was called First Trust Taiwan AlphaDex fund and traded under the ticker FTW.