Key stats
About Direxion Daily MSCI India Bull 2X Shares
Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.26%
Home page
Inception date
Mar 11, 2010
Index tracked
MSCI India
Management style
Passive
ISIN
US25490K3317
INDL provides an aggressive, daily 2x leveraged bet on the MSCI India Index. Anyone holding INDL for longer than a single trading day will be exposed to the effects of compounding, which means that the 2x multiple may not be achieved. Prior to January 3, 2017, INDL tracked the Indus India Index, and prior to October 30, 2020, the fund's leverage factor was daily 3x exposure. Its current index, the MSCI India Index, broadened INDLs exposure to cover approximately 85% of companies by market capitalization. The index is also rebalanced semi-annually.
Classification
Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
Cash
ETF
Stock breakdown by region
