{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI India UCITS ETF is a physically replicated ETF that directly holds the underlying securities of the MSCI India Index. While the KIID mentions that financial derivative instruments (FDIs) may be used, it explicitly states that their use is expected to be limited and primarily for direct investment purposes rather than for leverage or complex strategies. The fund does not employ synthetic replication, swaps, or leverage, and there are no indications of capital protection mechanisms or structured features. The risk profile is consistent with a standard equity ETF, and the fund is UCITS-compliant, which imposes strict regulatory safeguards. The absence of complex underlying assets, leverage, or significant derivative exposure supports the non-complex classification.",
    "confidence": 95
}