Overview
Indian equities weighted by earnings rather than market cap — around 580 profitable companies, tilting toward the cheap and away from the hyped.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| RELIANCE | Reliance Industries | 7.8% |
| HDFCBANK | HDFC Bank | 6.4% |
| ICICIBANK | ICICI Bank | 4.9% |
| INFY | Infosys Ltd. | 3.6% |
| TCS | Tata Consultancy | 3.2% |
| SBIN | State Bank of India | 3.0% |
| AXISBANK | Axis Bank | 2.6% |
| ONGC | Oil & Natural Gas Corp. | 2.4% |
| LT | Larsen & Toubro | 2.2% |
| COALINDIA | Coal India | 2.0% |
Fund Details
Investment Thesis
India is the decade's structural growth story taking a cyclical breather — a -9% year as foreign money rotated to cheaper Asian markets and rich valuations digested. EPI's earnings-weighting is built for exactly this phase: it systematically owns India's profits rather than its promises, historically outrunning cap-weighted rivals in recoveries. The 0.84% fee is steep; the discipline is the product.
Who It's For
Long-horizon India believers using the drawdown to build a position through a valuation-aware vehicle rather than the momentum-heavy cap-weighted funds.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $24.49 | -- |
| 2017 | $33.55 | +37.0% |
| 2018 | $30.19 | -10.0% |
| 2019 | $31.40 | +4.0% |
| 2020 | $35.48 | +13.0% |
| 2021 | $44.35 | +25.0% |
| 2022 | $40.36 | -9.0% |
| 2023 | $49.24 | +22.0% |
| 2024 | $54.17 | +10.0% |
| 2025 | $52.00 | -4.0% |
| Year | Yield |
|---|---|
| 2016 | 0.80% |
| 2017 | 0.70% |
| 2018 | 0.90% |
| 2019 | 1.00% |
| 2020 | 0.60% |
| 2021 | 0.40% |
| 2022 | 0.60% |
| 2023 | 0.40% |
| 2024 | 0.20% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1.5B | -- |
| 2017 | $1.8B | +20.0% |
| 2018 | $1.4B | -22.2% |
| 2019 | $1.1B | -21.4% |
| 2020 | $0.9B | -18.2% |
| 2021 | $1.1B | +22.2% |
| 2022 | $0.8B | -27.3% |
| 2023 | $1.5B | +87.5% |
| 2024 | $2.5B | +66.7% |
| 2025 | $2.2B | -12.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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