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ALPS/Kotak India ESG Fund (INDAX) Alternatives

Mutual Fund · Currency in USD · Last updated Aug 4, 2026

Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity and equity-linked securities of “Indian companies.” Equity securities in which the fund can invest may include common stocks, preferred stocks, convertible securities, rights and warrants to buy common stocks. The Advisor intends to invest in companies of all capitalization sizes.

ALPS/Kotak India ESG Fund (INDAX) belongs to the India Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with INDAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Other Mutual Funds from ALPS

The 8 most viewed ALPS mutual funds shown here include RLIIX, JCRAX, ALIBX and span 6 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
RLIIX
RiverFront Asset Allocation Growth & IncomeDiversified Portfolio
75
8.16%
—Aug 2010INDAX vs RLIIX
JCRAX
ALPS/CoreCommodity Management CompleteCommoditiesS...Commodities
84
18.52%
16.45MJun 2010INDAX vs JCRAX
ALIBX
ALPS/Smith Balanced Opportunity FundDiversified Portfolio
66
8.19%
—Sep 2020INDAX vs ALIBX
LPEFX
ALPS/Red Rocks Global Opportunity FundGlobal Equities
2
-4.57%
9.31MDec 2007INDAX vs LPEFX
SMTRX
ALPS/Smith Total Return Bond FundIntermediate Core-Plus Bond——3.25BJun 2018INDAX vs SMTRX
AVPEX
ALPS/Red Rocks Global Opportunity PortfolioGlobal Equities
1
-5.82%
—Oct 2014INDAX vs AVPEX
SMCVX
ALPS/Smith Credit Opportunities FundMultisector Bonds
36
0.73%
—Sep 2020INDAX vs SMCVX
SMRSX
ALPS/Smith Short Duration Bond FundShort-Term Bond
91
0.81%
630.45MJun 2018INDAX vs SMRSX

Often Compared With INDAX

Investors most often compare INDAX with INDF, FRIN.L, FLIN. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
INDF
Nifty India Financials ETFFinancials Equities, India Equities, Asia Pacific Equities——10.83MOct 2020INDAX vs INDF
FRIN.L
Franklin FTSE India UCITS ETFIndia Equities, Asia Pacific Equities
6
-6.99%
1.65BJun 2019INDAX vs FRIN.L
FLIN
Franklin FTSE India ETFIndia Equities, Asia Pacific Equities
7
-6.92%
2.66BFeb 2018INDAX vs FLIN
^GSPC
S&P 500 Index
79
11.03%
——INDAX vs ^GSPC
SPY
State Street SPDR S&P 500 ETFS&P 500
78
11.70%
789.06BJan 1993INDAX vs SPY
SPHD
Invesco S&P 500® High Dividend Low Volatility ETFDividend, S&P 500, Low Volatility
55
12.76%
4.04BOct 2012INDAX vs SPHD
VOO
Vanguard S&P 500 ETFS&P 500
78
11.72%
1.70TSep 2010INDAX vs VOO
FSEAX
Fidelity Emerging Asia FundAsia Pacific Equities
69
26.15%
—Apr 1993INDAX vs FSEAX
VPADX
Vanguard Pacific Stock Index Fund Admiral SharesAsia Pacific Equities
70
21.28%
13.80BAug 2001INDAX vs VPADX
IASMX
Guinness Atkinson Asia Focus FundAsia Pacific Equities
41
14.34%
—Apr 1996INDAX vs IASMX
MATFX
Matthews Asia Innovators FundAsia Pacific Equities
69
38.22%
—Dec 1999INDAX vs MATFX
MINDX
Matthews India FundIndia Equities, Asia Pacific Equities
3
-6.61%
—Oct 2005INDAX vs MINDX
PAAOX
T. Rowe Price Asia Opportunities FundAsia Pacific Equities
41
7.13%
—May 2014INDAX vs PAAOX
MASGX
Matthews Asia ESG FundAsia Pacific Equities
68
31.19%
—Apr 2015INDAX vs MASGX
IAE
Voya Asia Pacific High Dividend Equity Income FundDerivative Income, Dividend, Asia Pacific Equities
65
24.68%
—Mar 2007INDAX vs IAE
PRASX
T. Rowe Price New Asia FundAsia Pacific Equities
47
18.95%
—Sep 1990INDAX vs PRASX
MAPTX
Matthews Pacific Tiger FundAsia Pacific Equities
56
21.02%
—Sep 1994INDAX vs MAPTX
MSAQX
Morgan Stanley Institutional Fund, Inc. Asia Oppor...Asia Pacific Equities
7
12.64%
—Dec 2015INDAX vs MSAQX
FPBFX
Fidelity Pacific Basin FundAsia Pacific Equities
60
22.17%
—Oct 1986INDAX vs FPBFX
ASIAX
Invesco EQV Asia Pacific Equity FundAsia Pacific Equities
70
14.70%
—Nov 1997INDAX vs ASIAX

Compare INDAX with Any Fund or Stock

Compare INDAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair INDAX with funds that move differently

ALPS/Kotak India ESG Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to INDAX.

Explore INDAX Diversifiers