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Leveraged & Inverse ETFs

Direxion Daily MSCI India Bull 2X Shares

The Direxion Daily MSCI India Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI India Index. There is no guarantee this fund will achieve its stated investment objective.

INDL

NAV (Net Asset Value)$61.24As of Feb 28, 2024
1 Day NAV change$-1.38(-2.21%)As of Feb 28, 2024
Daily Target
+200%
Intra-day Value
INDL.IV
Daily NAV
$61.24
Daily Market Price
$61.35
Expense Ratio
(gross/net %)
1.26 / 1.26*
Daily Volume
31,850
Security Identifier
25490K331
Inception Date
Mar 11, 2010

Operational Updates

  • 01/23/2024
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Documents & Downloads

  • INDL Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • Prospectus
  • Daily Fund Holdings (csv)

This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 02/28/2024.

INDL Direxion Daily MSCI India Bull 2X Shares
Net Asset Value (NAV)
$61.24Nav
$-1.38Change
-2.21%Change
Market Price Closing
$61.35Market
$-1.26Change
-2.01%Change
Premium / Discount
$+0.11Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
INDL NAV
3.63
30.12
3.63
36.57
14.44
-0.42
3.07
-6.52
1.26 / 1.26*
03/11/2010
INDL Market Close
3.46
29.59
3.46
36.61
14.30
-0.41
2.93
-6.53
1.26 / 1.26*
03/11/2010

As of January 31, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.92%. The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the fund’s website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The MSCI India Index (NDEUSIA) is designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of companies in the Indian equity universe. One cannot invest directly in an Index.

Index Top Ten Holdings

% of Total
Reliance Industries Class A
8.00%
Icici Bank Class A
5.25%
Infosys AU
5.21%
HDFC Bank Class A
4.87%
Tata Consultancy Services Class A
3.53%
Axis Bank Class A
2.55%
Larsen and Toubro Class A
2.41%
Bharti Airtel Class B
2.36%
Hindustan Unilever Class A
2.23%
Kotak Mahindra Bank Class A
2.12%

Index Sector Weightings

% of Total
Financials
26.13%
Information Technology
12.92%
Consumer Discretionary
11.67%
Energy
10.36%
Consumer Staples
8.78%
Materials
8.67%
Industrials
8.20%
Health Care
4.93%
Utilities
4.42%
Communication Services
2.93%
Real Estate
0.96%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.27537
09/20/202309/19/202309/26/20230.21571
06/22/202306/21/202306/28/20230.26390
03/22/202303/21/202303/28/20230.17945
12/21/202212/20/202212/28/20220.04172
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.27537
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.21571
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.26390
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.17945
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.04172
Short-Term Capital Gain
Long-Term Capital Gain

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 2X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Documents

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
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