Matthews India Fund Institutional Class (MIDNX) Fund Details & Analysis

Fund Information

Fund Category India Equity

Fund Family Matthews Asia Funds

Fund Style Large Growth

ISIN US5771307684

CUSIP 577130768

Inception Date 2005-10-31

Domicile United States

Country USA

Fiscal Year End December

NAV Chart

Fund Metrics

Net Assets $706.81 Million

Share Class Net Assets $145.30 Million

Expense Ratio 1.10%

Expense Ratio Date 2025-04-30

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return -%

1-Year Return 2.99%

3-Year Return 9.60%

5-Year Return 7.00%

NAV $23.96

Previous Close Price $23.16

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Matthews India Fund Institutional Class

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in publicly traded common stocks, preferred stocks and convertible securities of companies located in India. A company or other issuer is considered to be "located" in a country or a region, and a security or instrument is deemed to be an Indian security or instrument, if it has substantial ties to India.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 22681.09%

Giant 51.61%

Large 28.90%

Medium 12.62%

Micro 0.00%

Small 4.53%

Value & Growth Metrics

Book-Value Growth % 20.00%

Cash-Flow Growth % 14.77%

Dividend Yield % 0.84%

Historical Earnings % 17.05%

Long-Term Earnings % 13.24%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.00%	0.00%
Cash	2.31%	2.31%	0.00%	2.18%	0.00%
Non US Stock	97.67%	97.67%	0.00%	99.03%	100.00%
Not Classified	0.02%	0.02%	0.00%	0.03%	0.00%
Other	0.00%	0.00%	0.00%	0.00%	0.00%
US Stock	0.00%	0.00%	0.00%	0.37%	0.00%

Top Holdings

Name	Weight	Owned	Change
Reliance Industries Ltd	4.42%	-	-
HDFC Bank Ltd	8.42%	-	-
ICICI Bank Ltd	5.71%	-	-
Shriram Finance Ltd	3.24%	-	-
Infosys Ltd	5.12%	-	-
Tata Consultancy Services Ltd	2.98%	-	-
Bharti Airtel Ltd	3.96%	-	-
Axis Bank Ltd	2.39%	-	-
IndusInd Bank Ltd	2.36%	-	-
Bajaj Finance Ltd	4.50%	-	-
Zomato Ltd	3.40%	-	-
Neuland Laboratories Ltd	3.11%	-	-
Eternal Ltd	7.52%	-	-
Swiggy Ltd	4.69%	-	-
Mahindra Mahindra Ltd	3.36%	-	-

See the full breakdown of MIDNX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	96.61%	98.94%	0.00%
Bond Sector	Corporate	0.00%	1.43%	1.06%	0.00%
Bond Sector	Derivative	0.00%	1.96%	0.00%	0.00%
Bond Sector	Government	0.00%	0.00%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	0.00%	0.00%	0.00%
Cyclical	Basic Materials	2.32%	6.88%	0.00%	10.25%
Cyclical	Consumer Cyclical	25.64%	14.85%	0.00%	12.06%
Cyclical	Financial Services	31.82%	27.77%	0.00%	25.69%
Cyclical	Real Estate	0.00%	1.91%	0.00%	1.52%
Defensive	Consumer Defensive	8.68%	7.50%	0.00%	5.69%
Defensive	Healthcare	7.30%	8.83%	0.00%	6.76%
Defensive	Utilities	0.00%	2.85%	0.00%	4.04%
Sensitive	Communication Services	3.87%	3.37%	0.00%	4.39%
Sensitive	Energy	4.32%	7.29%	0.00%	8.94%
Sensitive	Industrials	7.22%	9.01%	0.00%	10.64%
Sensitive	Technology	8.84%	9.75%	0.00%	10.01%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	0.37%	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	99.63%	100.00%	100.00%
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	-	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-18	$0.038	$0.038	USD	-	-	-	-
2023-12-14	$0.538	$0.538	USD	-	2023-12-13	2023-12-14	Annual
2019-03-18	$0.039	$0.039	USD	-	-	-	-
2017-12-06	$0.027	$0.027	USD	2017-12-06	2017-12-05	2017-12-06	Other
2015-12-10	$0.055	$0.055	USD	2015-12-10	2015-12-09	2015-12-10	Other
2014-12-11	$0.080	$0.080	USD	2014-12-11	2014-12-10	2014-12-11	Other
2013-12-12	$0.210	$0.210	USD	2013-12-12	2013-12-11	2013-12-12	Other
2012-12-13	$0.125	$0.125	USD	2012-12-13	2012-12-12	2012-12-13	Other
2011-12-08	$0.067	$0.067	USD	-	2011-12-07	2011-12-08	Annual
2010-12-09	$0.102	$0.102	USD	-	2010-12-08	2010-12-09	Other

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Matthews India Fund Institutional Class NMFQS:MIDNX