# India Research Enhanced Index Equity Active UCITS ETF AccumUnhedged USD (JRNI)

**Source:** https://fundology.uk/fund/jrni · ISIN IE000ZAJ6XQ2 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, JRNI (India Research Enhanced Index Equity Active UCITS ETF AccumUnhedged USD, ISIN IE000ZAJ6XQ2) closed at £15.96 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the year to 30/09/2026 its total return was −13.6%, or −16.3% after UK CPIH inflation.

## Summary

India Research Enhanced Index Equity Active UCITS ETF AccumUnhedged USD is an exchange-traded fund (ETF) from JPMorgan, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£15.96** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | JRNI |
| ISIN | IE000ZAJ6XQ2 |
| Category | Emerging markets |
| Type | ETF |
| Provider | JPMorgan |
| Income | Accumulating |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £59.9m |
| Launched | 2025 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -13.59% | -16.30% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of India Research Enhanced Index Equity Active UCITS ETF AccumUnhedged USD 0.40% a year, as of 01/10/2026: 62 of the 140 other emerging-market share funds charge more, 5 the same and 73 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 30/09/2026):

| Holding | Weight |
|---|---|
| Hdfc Bank Limited /Inr/ | 6.40% |
| Icici Bank Ltd /Inr/ | 5.96% |
| Reliance Industries | 5.90% |
| Bharti Airtel Ltd /Inr/ | 4.06% |
| Axis Bank Ltd /Inr/ | 2.62% |
| Infosys Ltd /Inr/ /Nsdl/ | 2.60% |
| Mahindra & Mahindra | 2.40% |
| Bajaj Finance Ltd /Inr/ | 2.37% |
| Kotak Mahindra Bank | 2.13% |
| State Bank of India /Inr/ | 1.57% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by JPMorgan, as of 30/09/2026.

| Sector | Weight |
|---|---|
| Financials | 30.8% |
| Consumer Discretionary | 12.8% |
| Industrials | 10.6% |
| Materials | 8.8% |
| Energy | 8.1% |
| Information Technology | 7.0% |
| Health Care | 6.9% |
| Consumer Staples | 5.0% |
| Other sectors | 9.5% |

### By country

Added up from the holdings JPMorgan publishes, as of 30/09/2026.

| Country | Weight |
|---|---|
| India | 98.7% |
| United States | 1.1% |
| Bermuda | 0.1% |
| Not classified | 0.1% |

### By type of asset

Added up from the holdings JPMorgan publishes, as of 30/09/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.0% |
| Cash and money market | 1.0% |

All 148 holdings: https://fundology.uk/fund/jrni/holdings

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.