Active ETF

The Brief

India Avenue’s Active ETF (Code: IAEF) is the Cboe listed version of the India Avenue Equity Fund, offering the same disciplined, research‑driven exposure to 60–80 high‑quality and emerging Indian companies. Actively managed and backed by deep on‑the‑ground networks, it provides a simple, liquid way for Australian investors to access India’s structural growth story with exchange-traded pricing, transparency and robust governance.

Investment Objectives

“The ETF seeks to outperform its benchmark, the MSCI India (Net) in AUD over rolling 5-year periods, with less volatility than the stated benchmark.”

Ways to invest

Active ETF

Exchange Code: IAEF

Objective

To outperform the benchmark over rolling 5-year periods

NAV (as of 27 May 2026)

$0.8146

Historic Prices

AUM (as of 27 May 2026)

$11.23 million

Benchmark

MSCI India (net) in AUD

Distribution

June 2025: $0.1077 per unit

Inception date

18^th March 2025

Management Expense Ratio

1.10% per annum

Portfolio Disclosure

Latest Portfolio

Exchange

Cboe Australia

Performance Fees

10% of outperformance of the benchmark, with a high watermark

Minimum Investment

Exchange Traded Lot

ISIN Code

AU0000384380

Buy/ Sell spread

0.35% / 0.35%

Currency

Australian Dollar

ARSN Number

611374586

Responsible Entity

Equity Trustees Limited

Fund administrator

Apex Fund Services Pty Ltd

Fund Auditor

KPMG Australia

India Avenue Active ETF

India Avenue’s Active ETF – providing you exposure to India’s growth story in an easy to digest format, wrapping 65-80 listed shares in India into one listed share in Australia. India Avenue’s singular focus on India as an investment region and their investment process allows them to access growth stories earlier than foreign investors typically do. This is through their robust network built in India.

Documents

Fund Documents

Latest Factsheet
Target Market Determination (TMD)
Product Flyer
Active ETF Presentation
Product Disclosure (Australia)
Product Disclosure (New Zealand)

Press Release

India Avenue launches active ETF
Press Release

Sectors and Holdings

Performance

Sector Breakdown

Top 10 Holdings

Performance

30th April 2026

	1 Month	3 Months	6 Months	1 Year	Since Inception p.a.^#
IAEF – ETF Class*	3.99%	-8.93%	-17.79%	-19.03%	-9.00%
MSCI India (Net)	3.99%	-8.24%	-18.32%	-19.76%	-9.73%
Alpha	-0.01%	-0.69%	0.53%		0.73%
IAEF – ETF Class**	3.90%	-9.70%	-18.83%	-20.80%	-10.84%

All returns are calculated in AUD terms

*Net of fees, but pre-capital gains and withholding taxes paid in India. Australian investors receive a partial credit of these taxes in their annual tax refund.

**Calculated based on NAV exit prices

#Inception date is 18 March 2025

Sector Breakdown

Top 10 Holdings

30th April 2026

Stock Name	Weight	Sector
Shriram Finance Ltd	5.30%	Financials
HDFC Bank Ltd	5.10%	Financials
Bharti Airtel Ltd	4.61%	Communication Services
Axis Bank Ltd	4.30%	Financials
ICICI Bank Ltd	4.15%	Financials
Aurobindo Pharma Ltd.	3.30%	Healthcare
Interglobe Aviation Ltd	3.12%	Industrials
Infosys Ltd	2.74%	Information Technology
Redington (India) Ltd.	1.81%	Information Technology
Cholamandalam In & Fin Co	1.79%	Financials
*30-04-2026

Factsheet Archive

2026

2025

2026

2025

Portfolio Details for Scheme: AU0000384380 (ETF Name - IAEF) as on 29 May 2026
1	INE585B01010	6633712	620.74	13,364.00	121,236.93
2	CASHAAUD0001	AUD0001	242,895.88	1.00	242,895.88
3	CASHAINR0001	INR0001	14,106,440.93	68.42	206,159.40
4	INE002A01018	6099626	4,877.28	1,350.50	96,262.63
5	INE009A01021	6205122	16,726.75	1,159.90	283,542.35
6	INE00IN01015	BMD8305	6,650.83	605.85	58,888.00
7	INE018A01030	B0166K8	1,401.11	4,047.50	82,878.98
8	INE01BK01022	BN0VXM6	10,641.33	472.25	73,443.55
9	INE022Q01020	BGLRNT1	65,710.22	126.59	121,567.65
10	INE029A01011	6099723	18,647.78	307.15	83,707.31
11	INE02A801020	BMX4VT8	4,166.08	537.20	32,707.66
12	INE030A01027	6261674	3,752.93	2,198.40	120,576.61
13	INE038A01020	B0GWF48	8,867.78	1,149.70	148,999.55
14	INE03QK01018	BKTQQK0	5,489.86	428.75	34,399.44
15	INE040A01034	BK1N461	49,274.07	758.65	546,318.06
16	INE044A01036	6582483	1,683.19	1,844.30	45,368.15
17	INE062A01020	BSQCB24	13,198.98	967.80	186,685.91
18	INE075A01022	6206051	59,857.49	201.58	176,340.33
19	INE075I01017	BZ3CLM6	14,084.07	659.95	135,839.12
20	INE081A01020	BPQWCZ3	47,885.99	214.70	150,254.07
21	INE089A01031	BQ2KJW4	3,530.26	1,319.00	68,051.45
22	INE090A01021	BSZ2BY7	24,976.71	1,272.70	464,565.57
23	INE100A01010	6139759	821.16	7,002.50	84,035.84
24	INE101A01026	6100186	3,962.92	3,121.60	180,791.63
25	INE101D01020	BWCGVX9	14,543.15	782.60	166,335.18
26	INE112L01020	BHHLPD2	11,217.74	536.15	87,897.65
27	INE121A01024	BJ9K2H4	7,015.92	1,579.20	161,922.57
28	INE123W01016	BZ60N32	5,015.61	1,864.50	136,669.69
29	INE134E01011	B1S7225	11,708.30	433.50	74,176.91
30	INE146L01010	B687WY2	5,183.48	1,830.00	138,630.35
31	INE158A01026	6327327	2,460.63	5,075.00	182,502.22
32	INE169A01031	B0VDZN5	3,443.18	1,831.70	92,172.17
33	INE1TAE01010	BSNRFT7	18,533.65	383.85	103,970.05
34	INE211B01039	B0SXY97	6,661.47	1,771.80	172,492.69
35	INE237A01036	BNBX1W7	25,945.78	388.70	147,389.66
36	INE238A01034	BPFJHC7	24,192.98	1,304.10	461,090.25
37	INE267A01025	6139726	16,582.74	648.85	157,248.44
38	INE271B01025	B12G541	6,235.55	635.20	57,885.70
39	INE296A01032	BTFGH15	6,024.68	931.15	81,985.91
40	INE323A01026	B01NFV3	134.79	36,035.00	70,985.32
41	INE324D01010	BT6BF48	4,443.11	1,526.30	99,108.92
42	INE346A01027	BVK5W49	1,264.63	3,437.20	63,526.54
43	INE347G01014	B00KT68	24,393.75	278.80	99,393.26
44	INE382M01027	BFM70L4	21,497.35	483.00	151,746.19
45	INE397D01024	6442327	19,423.80	1,852.20	525,784.50
46	INE398R01022	BYXXQB6	13,488.24	460.40	90,756.22
47	INE399G01023	BP95CX7	16,050.68	566.10	132,792.08
48	INE406A01037	6702634	17,159.15	1,435.90	360,085.47
49	INE455I01029	BJF6Z88	8,365.24	899.70	109,992.18
50	INE455K01017	BHKDY38	782.85	9,664.00	110,565.51
51	INE457L01029	BRV4VB7	1,442.52	476.05	10,036.00
52	INE467B01029	B01NPJ1	2,180.41	2,284.20	72,787.66
53	INE486A01021	BNVXB61	22,960.18	185.87	62,369.22
54	INE495P01012	BNGJ9P9	25,607.48	180.76	67,647.98
55	INE501A01019	6374754	6,606.49	1,448.30	139,834.79
56	INE517F01014	B53NR43	31,150.37	159.11	72,434.65
57	INE520A01027	BFYZ6V8	13,301.66	491.30	95,507.71
58	INE571A01038	BMX7Q69	4,149.59	1,572.40	95,357.23
59	INE591G01017	BL6P210	19,557.88	256.51	73,318.20
60	INE591G01025	BVK9DQ0	4,796.85	1,388.40	97,332.10
61	INE594H01019	BYQ7XG9	23,943.00	512.15	179,209.64
62	INE628A01036	B0L0W35	18,178.94	656.15	174,324.10
63	INE640A01023	6411510	2,343.31	1,688.30	57,818.26
64	INE646L01027	BYYZ7D0	5,320.67	4,570.00	355,359.46
65	INE669C01036	BWFGD63	4,421.56	1,455.60	94,059.67
66	INE721A01047	BS4DBX0	40,139.99	963.20	565,040.31
67	INE741K01010	BYVKG53	3,103.72	1,288.40	58,441.21
68	INE765G01017	BYXH7P9	2,536.18	1,843.60	68,333.42
69	INE775A01035	6743990	42,237.84	142.41	87,907.90
70	INE782A01015	6058393	3,161.45	1,398.30	64,605.95
71	INE787D01026	6388788	2,686.94	2,194.70	86,182.33
72	INE849A01020	BDDRN32	1,194.49	4,248.60	74,167.54
73	INE860A01027	6294896	11,268.28	1,165.20	191,886.29
74	INE883F01010	BSRJP77	11,138.73	477.80	77,779.89
75	INE885A01032	B8BGVX2	9,731.68	905.95	128,847.96
76	INE891D01026	B1R3S15	62,118.77	222.80	202,266.41
77	INE901L01018	B691276	7,031.53	754.20	77,503.59
78	INE917I01010	B2QKXW0	509.81	10,658.50	79,412.49

Portfolio Details for Scheme: AU0000384380 (ETF Name - IAEF) as on 29 May 2026

Sr.No

Security ISIN Code

Bloomberg Code

Quantity

Price INR

Market Value AUD

INE585B01010

6633712

620.74

13,364.00

121,236.93

CASHAAUD0001

AUD0001

242,895.88

1.00

242,895.88

CASHAINR0001

INR0001

14,106,440.93

68.42

206,159.40

INE002A01018

6099626

4,877.28

1,350.50

96,262.63

INE009A01021

6205122

16,726.75

1,159.90

283,542.35

INE00IN01015

BMD8305

6,650.83

605.85

58,888.00

INE018A01030

B0166K8

1,401.11

4,047.50

82,878.98

INE01BK01022

BN0VXM6

10,641.33

472.25

73,443.55

INE022Q01020

BGLRNT1

65,710.22

126.59

121,567.65

INE029A01011

6099723

18,647.78

307.15

83,707.31

INE02A801020

BMX4VT8

4,166.08

537.20

32,707.66

INE030A01027

6261674

3,752.93

2,198.40

120,576.61

INE038A01020

B0GWF48

8,867.78

1,149.70

148,999.55

INE03QK01018

BKTQQK0

5,489.86

428.75

34,399.44

INE040A01034

BK1N461

49,274.07

758.65

546,318.06

INE044A01036

6582483

1,683.19

1,844.30

45,368.15

INE062A01020

BSQCB24

13,198.98

967.80

186,685.91

INE075A01022

6206051

59,857.49

201.58

176,340.33

INE075I01017

BZ3CLM6

14,084.07

659.95

135,839.12

INE081A01020

BPQWCZ3

47,885.99

214.70

150,254.07

INE089A01031

BQ2KJW4

3,530.26

1,319.00

68,051.45

INE090A01021

BSZ2BY7

24,976.71

1,272.70

464,565.57

INE100A01010

6139759

821.16

7,002.50

84,035.84

INE101A01026

6100186

3,962.92

3,121.60

180,791.63

INE101D01020

BWCGVX9

14,543.15

782.60

166,335.18

INE112L01020

BHHLPD2

11,217.74

536.15

87,897.65

INE121A01024

BJ9K2H4

7,015.92

1,579.20

161,922.57

INE123W01016

BZ60N32

5,015.61

1,864.50

136,669.69

INE134E01011

B1S7225

11,708.30

433.50

74,176.91

INE146L01010

B687WY2

5,183.48

1,830.00

138,630.35

INE158A01026

6327327

2,460.63

5,075.00

182,502.22

INE169A01031

B0VDZN5

3,443.18

1,831.70

92,172.17

INE1TAE01010

BSNRFT7

18,533.65

383.85

103,970.05

INE211B01039

B0SXY97

6,661.47

1,771.80

172,492.69

INE237A01036

BNBX1W7

25,945.78

388.70

147,389.66

INE238A01034

BPFJHC7

24,192.98

1,304.10

461,090.25

INE267A01025

6139726

16,582.74

648.85

157,248.44

INE271B01025

B12G541

6,235.55

635.20

57,885.70

INE296A01032

BTFGH15

6,024.68

931.15

81,985.91

INE323A01026

B01NFV3

134.79

36,035.00

70,985.32

INE324D01010

BT6BF48

4,443.11

1,526.30

99,108.92

INE346A01027

BVK5W49

1,264.63

3,437.20

63,526.54

INE347G01014

B00KT68

24,393.75

278.80

99,393.26

INE382M01027

BFM70L4

21,497.35

483.00

151,746.19

INE397D01024

6442327

19,423.80

1,852.20

525,784.50

INE398R01022

BYXXQB6

13,488.24

460.40

90,756.22

INE399G01023

BP95CX7

16,050.68

566.10

132,792.08

INE406A01037

6702634

17,159.15

1,435.90

360,085.47

INE455I01029

BJF6Z88

8,365.24

899.70

109,992.18

INE455K01017

BHKDY38

782.85

9,664.00

110,565.51

INE457L01029

BRV4VB7

1,442.52

476.05

10,036.00

INE467B01029

B01NPJ1

2,180.41

2,284.20

72,787.66

INE486A01021

BNVXB61

22,960.18

185.87

62,369.22

INE495P01012

BNGJ9P9

25,607.48

180.76

67,647.98

INE501A01019

6374754

6,606.49

1,448.30

139,834.79

INE517F01014

B53NR43

31,150.37

159.11

72,434.65

INE520A01027

BFYZ6V8

13,301.66

491.30

95,507.71

INE571A01038

BMX7Q69

4,149.59

1,572.40

95,357.23

INE591G01017

BL6P210

19,557.88

256.51

73,318.20

INE591G01025

BVK9DQ0

4,796.85

1,388.40

97,332.10

INE594H01019

BYQ7XG9

23,943.00

512.15

179,209.64

INE628A01036

B0L0W35

18,178.94

656.15

174,324.10

INE640A01023

6411510

2,343.31

1,688.30

57,818.26

INE646L01027

BYYZ7D0

5,320.67

4,570.00

355,359.46

INE669C01036

BWFGD63

4,421.56

1,455.60

94,059.67

INE721A01047

BS4DBX0

40,139.99

963.20

565,040.31

INE741K01010

BYVKG53

3,103.72

1,288.40

58,441.21

INE765G01017

BYXH7P9

2,536.18

1,843.60

68,333.42

INE775A01035

6743990

42,237.84

142.41

87,907.90

INE782A01015

6058393

3,161.45

1,398.30

64,605.95

INE787D01026

6388788

2,686.94

2,194.70

86,182.33

INE849A01020

BDDRN32

1,194.49

4,248.60

74,167.54

INE860A01027

6294896

11,268.28

1,165.20

191,886.29

INE883F01010

BSRJP77

11,138.73

477.80

77,779.89

INE885A01032

B8BGVX2

9,731.68

905.95

128,847.96

INE891D01026

B1R3S15

62,118.77

222.80

202,266.41

INE901L01018

B691276

7,031.53

754.20

77,503.59

INE917I01010

B2QKXW0

509.81

10,658.50

79,412.49

Active ETF

The Brief

Investment Objectives

Ways to invest

Active ETF

Documents

Fund Documents

Exchange Announcements

Press Release

Sectors and Holdings

Performance

Sector Breakdown

Top 10 Holdings

Performance

30th April 2026

Sector Breakdown

30th April 2026

Top 10 Holdings

30th April 2026

Factsheet Archive

2026

2025

2026

2025

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