iShares has finally launched the iShares S&P India Nifty 50

It launched with $20 million in assets, while the other two India ETFs hold several hundred million apiece. INDY will invest in securities and depositary receipts of Indias 50 largest companies by market cap.

Top sectors in the fund include banks, 17.1%; refineries, 13.5%; computer/software, 12%; and engineering, 6.7%. The expense ratio is 0.89%.

Read more here