What is the expense ratio of INDAX?

ALPS Kotak India Equity Fund (INDAX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.

ALPS Kotak India Equity Fund (INDAX) manages $4.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is INDAX actively managed or an index fund?

INDAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was INDAX launched?

ALPS Kotak India Equity Fund (INDAX) launched in February 2011 and is managed by ALPS Funds.

How has INDAX performed?

INDAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

INDAX

ALPS Kotak India Equity Fund

NASDAQ·Asset Management · Financial Services

$13.93$0.24−1.69%

Market closed·Jul 22 8:00 PM UTC

Price Chart

$13.93−$0.24 (−1.69%)today

−19.94%CAGR −4.35%

Select date range

FromTo

Feb 14, 2011Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$0.89

Distribution Yield (FWD)6.42%

Annual Distribution (TTM)$0.89

Distribution Yield (TTM)6.42%

Distribution Growth (5Y)+39.6%

FrequencyAnnual

Most Recent$0.89

Ex-Dividend DateDec 9

Payment DateDec 10

DiversificationDiversification Tab

Holdings35

Top 10 Weight47.2%

Top 25 Weight86.5%

Effective Holdings26

Sectors11

Largest HoldingIBN · 9.1%

Largest SectorFinancial Services · 35.9%

Asset ClassEquity

StrategyThematic

Cost & RiskExpenses Tab

Expense Ratio1.28%

Cost per 10k Invested$128

AUM$4.59M

Avg Daily Volume—

Price$13.93

NAV$16.70

Premium / Discount−16.59%

52-Week Range$13.09 – $17.32

Beta0.47

Fund Overview

The Kotak India Equity Fund seeks to achieve long-term capital appreciation.

Cost Verdict

Is INDAX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: ALPS Funds
Asset Class: Equity
Strategy: Thematic
Inception: February 13, 2011
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US3176094510
CUSIP: 317609451
Website: www.alpsfunds.com/mutual-funds/indix

Peers

Peers Tab

DECW

AllianzIM U.S. Equity Buffer20 Dec ETF

Cap

$419.4M

SIXP

AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF

Cap

$415.8M

QQA

Invesco QQQ Income Advantage ETF

Cap

$783.2M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About INDAX

What does INDAX invest in?: The Kotak India Equity Fund seeks to achieve long-term capital appreciation.
What is the expense ratio of INDAX?: ALPS Kotak India Equity Fund (INDAX) charges an expense ratio of 1.28%. This is the annual fee deducted from fund assets to cover management and operations.
How big is INDAX?: ALPS Kotak India Equity Fund (INDAX) manages $4.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is INDAX actively managed or an index fund?: INDAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
When was INDAX launched?: ALPS Kotak India Equity Fund (INDAX) launched in February 2011 and is managed by ALPS Funds.
How has INDAX performed?: INDAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.