iShares MSCI India Small-Cap ETF (SMIN) is a Asia-Pacific regional ETF. As of October 9, 2026, ETF Copilot scores SMIN 2.0 out of 10 — highest on Risk (4.1), lowest on Value (0.5). It trades at 28.7 times earnings, against its own median of 23.3. Its ten largest holdings are 12% of the fund.
What stands out in SMIN's data
Small-cap Indian equities, capturing emerging-market growth.
Trades at a richer price than most peers in the region — growth expectations are baked in.
Its trailing EBITDA multiple of 16.0x sits well above the category median of 9.9x and its own 9.8x historical median. Profitability runs below average, with a 19.8% EBITDA margin.
A satellite sleeve for portfolios seeking exposure to India's smaller companies.
Why did SMIN move this week? It fell 1.9% in the week to October 9, 2026 — MAX Financial Services and Biocon drove it
SMIN fell 1.9% in the week to October 9, 2026. The holdings that moved it most were MAX Financial Services (−5.9%), Biocon (−6.5%) and Bandhan Bank (−10.6%); Hfcl (+9.3%) pushed the other way.
How is SMIN rated? ETF Copilot scores iShares MSCI India Small-Cap ETF (SMIN) 2.0 out of 10
As of October 9, 2026, ETF Copilot scores iShares MSCI India Small-Cap ETF (SMIN) 2.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 2.0 / 10
- Growth: 1.3 / 10
- Value: 0.5 / 10
- Risk: 4.1 / 10
- Quality: 3.1 / 10
- Return: 1.5 / 10
Is SMIN expensive right now? It trades at 28.7 times earnings, against its own median of 23.3
As of October 9, 2026, SMIN is more expensive than 84% of its own last 9 years.
Trailing 12 months, built from SMIN's holdings. How we calculate this →
What's inside SMIN?
What's inside SMIN: Size (Large 0%, Mid 13%, Small 87%); Geography (International 99%, US 1%); Tech 8.7%.
What are SMIN's top holdings? The ten largest are 12% of the fund
Coforge, Embassy Office Parks, Sona BLW Precision Forgings, MAX Financial Services, Radico Khaitan, Glenmark Pharmaceuticals, Apar Industries, KEI Industries, Navin Fluorine International and Ipca Laboratories are SMIN's largest holdings, in that order.
Less concentrated than 98% of Asia Pacific ETFs.
Half of SMIN's weight sits in its 97 largest positions, and once those weights are taken into account it behaves like 237 equally weighted holdings.
What is SMIN's expense ratio? 0.74% a year
As of October 9, 2026, SMIN charges 0.74% a year, yields 2.10% and holds $706M in assets across 459 positions.
| Measure | SMIN |
|---|---|
| Expense ratio | 0.74% |
| Dividend yield | 2.10% |
| Assets under management | $706M |
| Holdings | 459 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “iShares MSCI India Small-Cap ETF (SMIN) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/smin
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