MINDX Performance — Matthews India Fund, Investor Class
Data updated: 2026-08-24
MINDX returned −8.19% year to date and −8.05% over one year to Jun 2026. Annualised returns are +4.29% over 3 years and +3.93% over 5 years. Against its India Equity category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $113, against $119 for the category, and to $92 over one year, against $89. Volatility over the past three years was 14.67% a year. In the 12 months to Jun 2026 the fund lost a net $196.0M, and assets reached $483.34M.
MINDX Growth of $100
What $100 invested in Matthews India Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the India Equity category average over the same months.
| Period | MINDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $92 | $89 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $119 |
| 5 years (Jul 2021 – Jun 2026) | $121 | $121 |
| Since data start (Jul 2019 – Jun 2026) | $152 | $156 |
MINDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −8.19% |
| 1 year | −8.05% |
| 3 years (annualised) | +4.29% |
| 5 years (annualised) | +3.93% |
MINDX Annual Returns
Calendar-year total returns of Matthews India Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −8.19% |
| 2025 | +1.53% |
| 2024 | +10.29% |
| 2023 | +23.06% |
| 2022 | −9.92% |
| 2021 | +18.10% |
| 2020 | +16.47% |
| 2019 (Jul–Dec) | −3.10% |
MINDX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −6.3% | −0.1% | −12.5% | +6.9% | +0.5% | +4.4% | — | — | — | — | — | — |
| 2025 | −5.7% | −6.5% | +6.2% | +4.1% | +1.1% | +2.8% | −3.8% | −1.3% | +1.8% | +4.0% | +1.1% | −1.4% |
| 2024 | +3.1% | +2.1% | −0.5% | +2.2% | −1.2% | +6.5% | +3.2% | +1.7% | +1.5% | −6.1% | +0.7% | −2.8% |
| 2023 | −0.8% | −1.7% | +1.1% | +3.7% | +3.2% | +5.8% | +1.7% | −0.2% | +0.1% | −2.4% | +6.6% | +4.5% |
| 2022 | −0.6% | −5.5% | +1.1% | −1.7% | −3.9% | −5.0% | +8.7% | +0.5% | −3.7% | +0.8% | +5.0% | −4.9% |
| 2021 | −3.4% | +5.8% | +0.7% | −1.1% | +7.2% | +1.8% | +1.2% | +8.4% | −0.5% | −0.4% | −3.6% | +1.5% |
| 2020 | +1.8% | −5.5% | −29.8% | +12.4% | −0.6% | +6.9% | +9.9% | +5.2% | +2.5% | +1.9% | +10.0% | +8.8% |
| 2019 | — | — | — | — | — | — | −7.0% | −3.6% | +5.8% | +3.6% | −2.0% | +0.6% |
MINDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.67%
- 3-year Sharpe ratio: -0.01 (vs 4.5% risk-free rate)
- Best month: +6.85% (Apr 2026)
- Worst month: −12.48% (Mar 2026)
MINDX Fund Flows
Monthly money in and out of Matthews India Fund, from SEC Form N-PORT.
- 12-month net flow: −$196.0M
- 12-month gross sales (incl. reinvestments): $109.4M
- Sales ÷ redemptions: 0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.7M | $20.1M | −$17.4M |
| May 2026 | $3.3M | $18.7M | −$15.5M |
| Apr 2026 | $3.2M | $34.5M | −$31.3M |
| Mar 2026 | $5.6M | $68.7M | −$63.1M |
| Feb 2026 | $7.2M | $22.4M | −$15.2M |
| Jan 2026 | $10.9M | $31.3M | −$20.3M |
| Dec 2025 | $52.2M | $23.9M | $28.4M |
| Nov 2025 | $2.7M | $13.3M | −$10.6M |
| Oct 2025 | $4.7M | $19.0M | −$14.3M |
| Sep 2025 | $3.3M | $17.4M | −$14.1M |
| Aug 2025 | $5.3M | $17.0M | −$11.8M |
| Jul 2025 | $8.2M | $19.1M | −$10.9M |
MINDX Assets Under Management
Net assets of Matthews India Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $483.34M |
| 2026-03-31 | $490.75M |
| 2025-12-31 | $709.86M |
| 2025-09-30 | $725.73M |
| 2025-06-30 | $788.59M |
| 2025-03-31 | $747.19M |
| 2024-12-31 | $860.60M |
| 2024-09-30 | $978.83M |
| 2024-06-28 | $920.49M |
| 2024-03-28 | $831.19M |
| 2023-12-29 | $762.42M |
| 2023-09-29 | $686.55M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.