Direxion Daily MSCI India Bull 2X ETF

Frequently Asked Questions About INDL

What does INDL invest in?

The Fund seeks daily investment results of 200% of the performance of the MSCI India Index ("India Index"). The Fund invests at least 80% of its net assets in financial instruments that track the Index and other financial instruments that provide daily leveraged exposure to the Index or to ETFs that track the Index.

What is the expense ratio of INDL?

Direxion Daily MSCI India Bull 2X ETF (INDL) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations.

Is INDL a good long-term hold?

INDL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does INDL's daily reset work?

INDL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is INDL?

Direxion Daily MSCI India Bull 2X ETF (INDL) manages $54.8M 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 INDL actively managed or an index fund?

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