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Exchange Traded Fund

iShares MSCI India Small Cap ETF (SMIN) is an exchange-traded fund (ETF) that tracks the MSCI India Small Cap Index, providing exposure to small-cap companies in India. Here is some general information about the ETF:

1. **Objective**: SMIN seeks to track the performance of the MSCI India Small Cap Index, which consists of small-capitalization companies that are domiciled in India.

2. **Earnings**: The ETF provides exposure to companies with lower market capitalization compared to large-cap companies. Small-cap companies may have higher growth potential, but they can also be more volatile and carry greater risk.

3. **Growth**: The Indian economy has been growing at a rapid pace over the past few years, providing opportunities for small-cap companies to expand their business and increase their earnings.

4. **Number of Holdings**: SMIN holds approximately 500 small-cap Indian companies, providing diversification and reducing the risk associated with investing in a single company.

5. **Distribution Yield**: As of February 2023, SMIN has a distribution yield of 2.31%, which is the annualized distribution rate based on the past 12 months of distributions, divided by the current share price.

6. **Expense Ratio**: SMIN has an expense ratio of 0.25%, which is the amount charged by the fund manager to cover the costs of operating the fund. This is relatively low compared to actively managed funds.

7. **Trading Volume**: SMIN has a daily trading volume of around 100,000 shares, providing liquidity for investors and making it easier for them to buy and sell the ETF.

It is important to note that investing in SMIN, like any other investment, carries risks, including the risk of loss of investment. Investors should carefully consider their investment objectives, risk tolerance, and consulting with a financial advisor before investing.