Van Eck has registered with the SEC a new exchange-traded fund that provides investors with exposure to India’s smaller companies.

The Market Vectors India Small-Cap ETF will replicate the performance of the Market Vectors India Small-Cap Index.

The prospectus did not list fees for the fund, although it did point out some of the risks: The new fund will invest in the more volatile side of India’s already volatile equities market, holding small-cap names with limited liquidity. Still, India has been a hot market for investors over the past year, and the new small-cap fund is likely to appeal to some.

Van Eck has been targeting small-cap international as a new area for growth. Its Market Vectors Brazil Small-Cap ETF (NYSEArca: BRF) has nearly $520 million in assets.

There are three India-focused exchange-traded products on the market. The PowerShares India (NYSEArca: PIN) ETF and the iPath MSCI India Index ETN (NYSEArca: INP) both focus on large-cap companies. They have tallied returns year-to-date of 71.6 percent and 90.6 percent, respectively, according to Morningstar.

The WisdomTree India Earnings Fund (NYSEArca: EPI) dedicates nearly 20 percent of its portfolio to mid-caps, with the remainder being primarily large- and giant-cap offerings. The fund has posted year-to-date returns of some 88.2 percent.

No ticker was announced for the fund, which will be listed on the NYSE Arca.