Matthews India Fund

MINDX · NASDAQ

Market closed$22.12$0.120000 (+0.55%)

Key statistics

Previous close$22.00

Open$22.12

Day high$22.12

Day low$22.12

52-week high$26.54

52-week low$19.37

Market cap690.90M

Volume—

Average volume—

P/E ratio—

Forward P/E—

EPS—

Dividend yield0.00%

Market context

Why it moved

MINDX edged modestly higher, likely supported by renewed interest in cognitive and brain health supplements, as the Sage MindX brand maintained a visible social media presence, helping sustain steady investor sentiment amid low trading volume.

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What is happening

Recent company-specific developments and publisher coverage.

July 14, 2026Matthews India Fund is trading lower amid a risk-off backdrop driven by escalating US-Iran tensions that have rattled global equity markets, while broader India-focused investment sentiment faces headwinds from a stronger US dollar supported by global pension funds unwinding FX hedges. Despite positive signals from India's asset management sector — ICICI Prudential AMC reported Q1 FY27 profit after tax up 23.1% year-over-year with AUM growing 18.3% — the fund's decline reflects caution around emerging market flows as geopolitical uncertainty and mixed US macro data weigh on investor appetite for EM exposure.

-1.4739

Peers

S&P 500SPX · $7,457.69-1.01%

John Hancock Financial Opportunities FundBTO · $40.18-1.30%

Congress Mid Cap Growth FundCMIDX · $20.70-0.29%

DoubleLine Yield Opportunities FundDLY · $13.91-0.36%

Invesco Energy FundIENAX · $40.35+1.71%

Matthews China FundMCHFX · $16.44-3.52%

Matthews Japan FundMIJFX · $27.52-1.50%

Meridian Growth FundMRIGX · $32.01-0.62%

Schwab Balanced FundSWOBX · $18.66-0.64%

Company profile

Matthews India Fund (MINDX) is an actively managed open-end mutual fund launched in October 2005 and domiciled in the United States, managed by Matthews Asia, a San Francisco, CA-based investment firm specializing in Asian markets. The fund seeks long-term capital appreciation by investing at least 80% of its net assets in publicly traded common stocks, preferred stocks, and convertible securities of companies located in India, with approximately 97% of its portfolio allocated to Indian equities as of its latest reporting. With total fund assets of approximately $748 million and benchmarked against the S&P Bombay Stock Exchange 100 Index, the fund employs a fundamental, bottom-up investment approach across all market capitalizations, with top holdings concentrated in major Indian financial institutions such as HDFC Bank and ICICI Bank. The fund has an expense ratio of 1.22%, a minimum initial investment of $2,500, and has delivered a 5-year annualized total return of approximately 11.51–16.67%, reflecting its long-term orientation toward capturing India's economic growth.

Symbol: MINDX
Exchange: NASDAQ
Sector: Financial Services
Industry: Asset Management
Employees: 0
Country: US
IPO date: 2005-10-31
Website: matthewsasia.com

Analyst consensus

hold

0 ratings

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