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INDLDirexion Daily MSCI India Bull 2x Shares

Take a bet16y track recordRanked #327 of 775 in this goal

Seeks daily investment results that correspond to 300% of the daily performance of the MSCI India Index.

By Direxion Funds · Launched 2010

Annual Cost

1.23%

#5,244 of 5,562 · expensive

Fund Size

$57M

#3,441 of 5,562 · mid-size

Return (1Y)Goal

-21.8%

Track Record

16 years

#760 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$7,499-25.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Asia pacific

Strategy

Leveraged

Sector

Financials

Index tracked

MSCI India Index

What it actually holds

By weight

Concentration

Top 8 holdings = 101.7% of fundconcentrated

ISHARES MSCI INDIA ETF
45.4%
DREYFUS GOVERNMENT CASH MANAGE
35.3%
GOLDMAN FINANCIAL
13.1%
GOLDMAN SACHS LIQ ES FD A
9.1%
N/A
1.6%
N/A
-0.9%
N/A
-0.9%
N/A
-1.0%

Asset allocation

Stocks
52.4%
Cash
47.6%

By sector

Financial Services
28.9%
Consumer Cyclical
12.0%
Industrials
10.6%
Energy
9.1%
Basic Materials
8.6%
Technology
8.0%
Healthcare
6.1%
Consumer Defensive
5.8%
Other
10.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
29.8%High

Year-on-year price swings

Max drawdown
-92.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.08Below average
Sortino (3Y)
0.11Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 300% of the daily performance of the MSCI India Index.
Strategy
Invests primarily in financial instruments that provide leveraged exposure to the MSCI India Index. The Fund aims to achieve its objective on a daily basis, using derivatives to magnify returns.
Inception date
March 11, 2010
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19