After being the stars of the exchange traded funds tracking BRIC nations in 2014, India ETFs are extending that momentum in 2015.

For example, the WisdomTree India Earnings Fund (NYSEArca: EPI), the largest India ETF, is higher by nearly 10% this year. India ETFs are in rally mode again Friday in anticipation of Prime MinisterNarendra Modi’s first budget.

Risk-tolerant traders can exploit the momentum in India ETFs with the Direxion Daily India Bull 3X Shares (NYSEArca: INDL), which attempts to deliver three times the daily performance of the Indus India Index. Once overlooked relative to other leveraged ETFs, INDL is shedding its anonymous status.

Up nearly 30% to start 2015, INDL has seen its assets under management tally soar 21% to $93 million since the start of December. [India ETF Adventure]

That says INDL is starting to attract its share of inflows to India ETFs and that is a positive at a time when those inflows appear poised to eclipse last year’s brisk pace. In 2014, investors allocated $2.8 billion to India ETFs and that number is already $1 billion this year, according to Morgan Stanley. [India ETFs Lead BRICs Again]

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