India’s economy has maintained robust economic expansion over the years, bolstered by a high level of internal consumption. With that comes a new exchange traded fund (ETF) that will give investors another way to target this subset.

Van Eck is launching the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF) on Wednesday. It’s another way to play the high rate of internal consumption in the country, since small-caps are generally considered plays on domestic consumers.  [Best ETFs to Play India’s Fast-Growing Economy.]

The fund tries to reflect the performance of the Market Vectors India Small-Cap Index, which uses a float-adjusted modified market capitalization-weighting methodology. It contains 122 holdings.

Stocks in the index need to have a minimum market cap of $150 million, a three-month average daily trading volume value of $1 million and a minimum trading volume of 250,000 shares per month over the last six months. [India ETFs Look for the ‘Sweet Spot.’]

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