EPI vs FLIN: Grades, Fees and Holdings Compared

WisdomTree India Earnings Fund

EPIBNYSE Arca

Franklin FTSE India ETF

FLINANYSE Arca

Overlap

53.8%by weight

Expense ratio

FLIN −0.65pt a year

EPI0.84%FLIN0.19%

Avg volume · 30D

FLIN 1.5×the volume

EPI381KFLIN588K

5Y return · a year

EPI +1.3pt

EPI+3.3%FLIN+2.0%

EPI vs FLIN Performance

Oct 29, 2021 – Oct 30, 2026

+17.6%EPI+10.5%FLIN

Expense ratio: EPI 0.84%; FLIN 0.19%, better
Fund size: EPI $1.78B; FLIN $2.53B
1Y total return: EPI −11.3%, better; FLIN −11.8%
Yield (12M): EPI 0.00%; FLIN 0.45%, better
Holdings: EPI 569; FLIN 278
Avg volume (30D): EPI 381K sh; FLIN 588K sh, better
NAV per share: EPI $40.82; FLIN $33.93
52W range

ETF.net Grade

Pillar letters and Scores for EPI, FLIN, with each pillar’s weight
Pillar	EPI	FLIN
Cost30% weight	F11	A97Higher
Mission25% weight	A100	A100
Risk15% weight	B55	B55
Tradability15% weight	A77	A83Higher
Holdings10% weight	A72	A81Higher
Durability5% weight	A81Higher	A76

Rank among India funds

How we build Categories ›

Same Category. EPI and FLIN are both graded against the same 19 India funds, so their Grades compare head to head.

India⁠

Category · 19 funds

See all 19 ›

FLIN ranks 1st and EPI 10th of 19 funds in the India Category.

Rank 1AFLINFranklin FTSE India ETFScore 86
Rank 1AINDAiShares MSCI India ETFScore 86
Rank 9BNDIAGlobal X India Active ETFScore 60
Rank 10BEPIWisdomTree India Earnings FundScore 59
Rank 10BGINDGoldman Sachs India Equity ETFScore 59

Our read on each fund

ETF.net Research

EPIBWisdomTree India Earnings Fund

FLINAFranklin FTSE India ETF

In short

EPI Most India funds buy the market. EPI buys the profits: it tracks an index of Indian companies that actually earn money, and it has been running that playbook since 2008.

FLIN Franklin's India fund runs the whole large- and mid-cap market at 0.19% a year, a fraction of what most India ETFs charge. Same country, same index-tracking job, cheaper meter running.

Stated mandate

EPI The fund seeks to track the investment results of profitable companies in India's equity market.

FLIN The fund seeks to track, before fees and expenses, the performance of the FTSE India RIC Capped Index.

Why people hold it

EPI Profitability is the filter. The index (WisdomTree India Earnings Index) is built from companies making money in India's market, not simply the largest tickers on the exchange.wisdomtree.com
Roughly 400 holdings, so the fund reaches well past the handful of Indian megacaps that dominate narrower country baskets.
A multi-billion-dollar fund that trades actively, which keeps buying and selling straightforward on ordinary days.
Tracking is one of the tightest in the India group: the portfolio stays close to the index it promises, and it has been doing this since a 2008 launch.

FLIN Charges 0.19% a year, well under the typical India ETF fee and under every other top-scoring fund in the group, including INDA, INDY and SMIN.
Tracks the FTSE India RIC Capped Index with very little slippage, one of the tightest index-following records among India funds.
Roughly 240 Indian stocks in one ticker, plus a billion-dollar-plus asset base and steady daily trading, so spreads stay manageable for ordinary orders.
Live since 2018, giving it a multi-year track record through India's boom and its drawdowns rather than a fresh-off-the-line prospectus.

Worth knowing

EPI At 0.84% a year, it sits at the pricier end of the India shelf. Plain cap-weighted trackers such as FLIN and INDA charge less for market exposure.
One country, one currency. Indian policy shifts and rupee swings hit the price directly, with no other market to cushion them.
Earnings weighting means the portfolio can look meaningfully different from a standard India benchmark, and payouts are irregular rather than a scheduled income stream.

FLIN One country, one currency. Indian politics, rates and a moving rupee land directly in the price, with no other market to cushion the swing.
The RIC Capped index trims oversized positions to meet US fund diversification rules, so returns can drift from an uncapped India benchmark.
Distributions come annually or semiannually, and Indian large caps are not a high-payout market. This is a growth-exposure tool, not an income stream.

Full EPI profile⁠

Full FLIN profile⁠

EPI vs FLIN Holdings

How EPI and FLIN differ

Overlap by weight

53.8%

Shared holdings make up 71.2% of EPI and 70.2% of FLIN.

Level by level

Holdings165 in both53.8%
Sector11 Sectors82.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in EPI and FLIN, widest gap first
Sector	More in EPIMore in FLIN	EPI	FLIN
Energy	EPI +8.2 points	16.6%	8.4%
Financials	FLIN +5.6 points	22.0%	27.6%
Materials	EPI +5.4 points	14.4%	9.0%
Consumer Discretionary	FLIN +5.0 points	7.5%	12.4%
Communication	FLIN +2.7 points	1.9%	4.6%
Utilities	EPI +2.5 points	7.3%	4.8%
Consumer Staples	FLIN +2.1 points	3.0%	5.1%
Technology	EPI +1.5 points	9.7%	8.2%
Health Care	FLIN +1.1 points	6.6%	7.7%
Industrials	FLIN +0.7 points	9.9%	10.6%
Real Estate	FLIN +0.5 points	1.0%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in EPI and FLIN, widest gap first
Country	More in EPIMore in FLIN	EPI	FLIN
India	Same weight	100.0%	100.0%

Outside the US: EPI 0% developed, 100% emerging. FLIN 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

EPI33.6%
FLIN30.7%

Securities held

EPI567
FLIN275

Asset class

EPI: Equity
FLIN: Equity

Holdings

Only in EPI402
In both165
Only in FLIN110

Only in EPI

402 securities, 28.7% of EPI by weight

State Bank of India Ltd2.93%
Mahindra & Mahindra Ltd1.44%
Larsen & Toubro Ltd1.27%
Grasim Industries Ltd1.22%
Tech Mahindra Ltd1.02%
Vedanta Aluminium Metal Ltd0.89%
Great Eastern Shipping Co Ltd/0.65%
IDFC Bank Ltd0.64%
Vedanta Ltd0.59%
Gail India Ltd0.56%
Redington Ltd0.42%
Oracle Financial Services0.33%
Karur Vysya Bank Ltd0.30%
Coforge Limited0.28%
Bharti Infratel Ltd0.25%
InterGlobe Aviation Ltd0.25%
HDFC Asset Management Co Ltd0.25%
Life Insurance Corporation0.23%
Welspun-Gujarat Stahl Ltd0.21%
Nava Ltd0.21%
Cadila Healthcare Ltd0.21%
Deepak Fertilisers & Petrochemicals Corp. Ltd0.20%
Motherson Sumi Systems Ltd0.20%
ICICI Lombard General Insurance Co Ltd0.20%
Punjab National Bank Ltd0.19%
General Insurance Corp of India0.19%
Radico Khaitan Ltd0.18%
Multi Commodity Exch India0.17%
SBI Life Insurance Co Ltd0.17%
Aegis Logistics Ltd0.17%
CESC Ltd0.17%
City Union Bank Ltd0.17%
Ashok Leyland Ltd0.16%
Navin Fluorine International Ltd0.16%
Neuland Laboratories Ltd0.15%
EID Parry India Ltd0.14%
Granules India Ltd0.13%
Polycab India Ltd0.13%
Arvind Ltd0.12%
South Indian Bank Ltd0.12%
Welspun Enterprises Ltd/New0.12%
Crompton Greaves Ltd0.11%
Cyient Ltd0.11%
Varun Beverages Ltd0.11%
AU Small Finance Bank Ltd0.11%
Karnataka Bank Ltd0.11%
United Spirits Ltd0.11%
Firstsource Solutions Ltd0.11%
Gujarat Narmada Valley Fertilizers and Chemicals Ltd0.10%
Avenue Supermarts Ltd0.10%

Only in FLIN

110 securities, 29.8% of FLIN by weight

Mahindra & Mahindra Ltd1.73%
Larsen & Toubro Ltd1.72%
Bajaj Finance Ltd1.68%
State Bank of India1.17%
Eternal Ltd1.03%
Shriram Finance Ltd0.76%
Tech Mahindra Ltd0.75%
Grasim Industries Ltd0.71%
Interglobe Aviation Ltd0.61%
Trent Ltd0.54%
Tata Motors Ltd /New0.54%
Sbi Life Insurance Co Ltd0.47%
Coforge Limited0.47%
Bse Ltd0.46%
Cholamandalam Investment0.45%
Samvardhana Motherson Int0.45%
One 97 Communications Ltd0.44%
Jio Financial Services Lt0.44%
Bharat Heavy Electricals0.37%
Cg Power and Industrial’s0.37%
Tata Motors Passenger Veh0.36%
Lenskart Solutions Ltd0.35%
Varun Beverages Ltd0.34%
Ge Vernova T&D India Ltd0.33%
Hdfc Life Insurance Co Lt0.33%
Indus Towers Ltd0.32%
Hdfc Asset Management Co0.30%
Power Finance Corporation0.30%
Gail India Ltd0.30%
Au Small Finance Bank Ltd0.29%
Fsn E-Commerce Ventures L0.29%
Avenue Supermarts Ltd0.29%
Indusind Bank Ltd0.28%
Polycab India Ltd0.27%
Ashok Leyland Ltd0.27%
Info Edge India Ltd0.27%
Multi Commodity Exch Indi0.26%
Sona Blw Precision Forgin0.26%
Ltm Ltd0.26%
United Spirits Ltd0.26%
Dixon Technologies India0.26%
Vedanta Ltd0.25%
Icici Lombard General Ins0.24%
Embassy Office Parks Reit0.24%
Hitachi Energy India Ltd0.24%
Billionbrains Garage Vent0.24%
Rec Ltd0.23%
Abb India Ltd0.22%
Meesho Ltd0.22%
Vodafone Idea Ltd0.21%

Weight gaps

The 100 widest of 165 Holdings in both funds.

Holding weights in EPI and FLIN, widest gap first
Holding	More in EPIMore in FLIN	EPI	FLIN
Bharti Airtel Ltd	FLIN +2.49 points	1.56%	4.05%
Oil & Natural Gas Corp Ltd	EPI +2.06 points	2.63%	0.57%
Coal India Ltd	EPI +1.94 points	2.55%	0.61%
Hindalco Industries Ltd	EPI +1.43 points	2.28%	0.85%
Oil India Ltd	EPI +1.17 points	1.33%	0.16%
Power Grid Corp of India Ltd	EPI +1.15 points	1.94%	0.79%
Reliance Industries Ltd	EPI +1.13 points	6.28%	5.15%
NTPC Ltd	EPI +1.03 points	2.02%	0.99%
ICICI Bank Ltd	EPI +0.83 points	5.71%	4.88%
Titan Co Ltd	FLIN +0.70 points	0.38%	1.08%
Hdfc Bank Limited	FLIN +0.69 points	4.51%	5.20%
Tata Steel Ltd	EPI +0.56 points	1.45%	0.89%
Federal Bank Ltd	EPI +0.51 points	0.92%	0.41%
Hindustan Unilever Ltd	FLIN +0.51 points	0.59%	1.10%
Tata Consultancy Services Ltd	FLIN +0.48 points	1.20%	1.68%
NMDC Ltd	EPI +0.47 points	0.62%	0.15%
Canara Bank	EPI +0.46 points	0.60%	0.14%
Bank of Baroda Ltd	EPI +0.43 points	0.59%	0.16%
Asian Paints Ltd	FLIN +0.42 points	0.27%	0.69%
UltraTech Cement Ltd	FLIN +0.42 points	0.48%	0.90%
Adani Enterprises Ltd	FLIN +0.40 points	0.12%	0.52%
Apollo Hospitals Enterprise Ltd	FLIN +0.39 points	0.18%	0.57%
Indian Oil Corp Ltd	EPI +0.39 points	0.71%	0.32%
Union Bank Of India	EPI +0.36 points	0.55%	0.19%
Nestle India Ltd	FLIN +0.36 points	0.19%	0.55%
Hindustan Petroleum Corp Ltd	EPI +0.35 points	0.56%	0.21%
Divi's Laboratories Ltd	FLIN +0.31 points	0.51%	0.82%
ITC Ltd	FLIN +0.30 points	0.23%	0.53%
Adani Power Ltd	EPI +0.29 points	0.97%	0.68%
Axis Bank Ltd	FLIN +0.28 points	1.56%	1.84%
TVS Motor Co Ltd	FLIN +0.26 points	0.37%	0.63%
National Aluminium Co Ltd	EPI +0.26 points	0.45%	0.19%
Indian Bank	EPI +0.26 points	0.41%	0.15%
Tata Consumer Products Ltd	FLIN +0.24 points	0.20%	0.44%
Torrent Pharmaceuticals Ltd	FLIN +0.25 points	0.20%	0.45%
Petronet LNG Ltd	EPI +0.24 points	0.38%	0.14%
Suzlon Energy Ltd	EPI +0.23 points	0.48%	0.25%
Pb Fintech Ltd	FLIN +0.23 points	<0.01%	0.23%
JSW Steel Ltd	FLIN +0.22 points	0.50%	0.72%
Pidilite Industries Ltd	FLIN +0.21 points	0.09%	0.30%
Dr. Reddy'S Laboratories	EPI +0.21 points	0.76%	0.55%
Adani Green Energy Ltd	FLIN +0.21 points	0.04%	0.25%
Max Healthcare Institute Ltd	FLIN +0.21 points	0.21%	0.42%
Adani Energy Solutions Ltd	FLIN +0.20 points	0.08%	0.28%
Maruti Suzuki India Ltd	FLIN +0.19 points	0.76%	0.95%
Lupin Ltd	FLIN +0.19 points	0.13%	0.32%
Solar Industries India Ltd	FLIN +0.17 points	0.13%	0.30%
Bharat Forge Ltd	FLIN +0.17 points	0.13%	0.30%
Indian Hotels Co Ltd	FLIN +0.17 points	0.29%	0.46%
UPL Ltd	FLIN +0.17 points	0.02%	0.19%
DLF Ltd	FLIN +0.16 points	0.13%	0.29%
MAX Financial Services Ltd	FLIN +0.16 points	0.05%	0.21%
Bharat Electronics Ltd	FLIN +0.16 points	0.71%	0.87%
Mphasis Ltd	FLIN +0.15 points	0.07%	0.22%
Adani Ports and Special Economic Zone	FLIN +0.15 points	0.75%	0.90%
APL Apollo Tubes Ltd	FLIN +0.14 points	0.11%	0.25%
Sun Pharmaceutical Industries	FLIN +0.14 points	1.11%	1.25%
Hero Motocorp Ltd	EPI +0.14 points	0.58%	0.44%
Godrej Consumer Products Ltd	FLIN +0.13 points	0.08%	0.21%
Bajaj Finserv Ltd	FLIN +0.13 points	0.29%	0.42%
Marico Ltd	FLIN +0.12 points	0.16%	0.28%
Britannia Industries Ltd	FLIN +0.12 points	0.24%	0.36%
Biocon Ltd	FLIN +0.13 points	0.04%	0.17%
Siemens Ltd	FLIN +0.12 points	0.07%	0.19%
Itc Hotels Limited	FLIN +0.12 points	<0.01%	0.12%
Yes Bank Ltd	FLIN +0.12 points	0.05%	0.17%
RBL Bank Ltd	EPI +0.11 points	0.22%	0.10%
Jindal Stainless Ltd	EPI +0.12 points	0.25%	0.13%
Kalyan Jewellers India Ltd	FLIN +0.11 points	0.02%	0.13%
Godrej Properties Ltd	FLIN +0.11 points	0.04%	0.15%
Siemens Energy India Ltd	FLIN +0.10 points	0.06%	0.16%
Tube Investments of India Ltd	FLIN +0.10 points	0.05%	0.15%
Vishal Mega Mart Ltd	FLIN +0.10 points	0.05%	0.15%
Waaree Energies Ltd	FLIN +0.10 points	0.03%	0.13%
Jindal Steel & Power Ltd	EPI +0.10 points	0.36%	0.26%
Cummins India Ltd	FLIN +0.10 points	0.30%	0.40%
Voltas Ltd	FLIN +0.10 points	0.06%	0.16%
PI Industries Ltd	FLIN +0.09 points	0.02%	0.11%
Coromandel International Ltd	EPI +0.10 points	0.23%	0.13%
Havells India Ltd	FLIN +0.09 points	0.06%	0.15%
Bajaj Auto Ltd	EPI +0.09 points	0.54%	0.45%
Fortis Healthcare Ltd	FLIN +0.09 points	0.16%	0.25%
Shree Cement Ltd	FLIN +0.09 points	0.05%	0.14%
NHPC Ltd	EPI +0.09 points	0.28%	0.19%
Cipla Ltd/India	FLIN +0.09 points	0.43%	0.52%
Wipro Ltd	FLIN +0.09 points	0.26%	0.35%
Ambuja Cements Ltd	FLIN +0.08 points	0.10%	0.18%
Bosch Ltd	FLIN +0.08 points	0.18%	0.26%
Astral Ltd	FLIN +0.09 points	0.02%	0.11%
JSW Energy Ltd	FLIN +0.08 points	0.10%	0.18%
Glenmark Pharmaceuticals Ltd	FLIN +0.08 points	0.14%	0.22%
Torrent Power Ltd	EPI +0.07 points	0.22%	0.15%
Steel Authority Of India Ltd	EPI +0.08 points	0.23%	0.15%
Bharat Petroleum Corp Ltd	FLIN +0.07 points	0.28%	0.35%
Jubilant Foodworks Ltd	FLIN +0.07 points	0.04%	0.11%
Hindustan Copper Ltd	FLIN +0.07 points	0.03%	0.10%
Supreme Industries Ltd	FLIN +0.07 points	0.06%	0.13%
IPCS Laboratories Ltd	FLIN +0.07 points	0.11%	0.18%
ICICI Prudential Life Insurance Company Ltd	FLIN +0.07 points	0.03%	0.10%
Mangalore Refinery & Petrochem	EPI +0.07 points	0.09%	0.02%

All 413 EPI holdings⁠All 236 FLIN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EPI vs FLIN Cost

Overpaying EPI vs FLIN

$12,077

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EPI 0.84%
$16,029
FLIN 0.19%
$3,952

Amount$10,000

Years30 years

Cost over time

EPI 0.84%
FLIN 0.19%
Overpaying

Year by year

Year	EPI	FLIN	Overpaying
10	$1,491	$347	$1,144
20	$5,643	$1,351	$4,292
30	$16,029	$3,952	$12,077

Expense ratio

0.84%EPI
0.19%FLIN, cheaper

FLIN0.19%EPI0.84%

0.19%0.88%

Middle half of India funds
Median 0.75%

FLIN cheapest of 19 funds

EPI 17th cheapest of 19 funds

EPI vs FLIN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EPI 0.00%; FLIN 0.45%, better
Payout (12M): EPI None; FLIN $0.15
Last payment: EPI No data; FLIN $0.15
Ex-dividend: EPI No data; FLIN Dec 19, 2025
Paid on: EPI No data; FLIN Dec 29, 2025
Frequency: EPI No data; FLIN Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EPI25 paymentsAll EPI payments⁠

FLINTwice a year · 16 paymentsAll FLIN payments⁠

EPI vs FLIN Risk

Fall from peak · 5 years

EPI
FLIN

Risk facts

VolatilityStd dev, 3 years: EPI 14.6%FLIN 14.2%, better
Return per unit of riskSharpe ratio, 3 years: EPI 0.08, betterFLIN 0.05
Worst fallMax drawdown, 5 years: EPI −22.0%, betterFLIN −22.9%
Market sensitivityBeta, 5 years: EPI 0.59FLIN 0.46; Market = 1

EPI and FLIN in the news

All news⁠

Deep Dive
The iShares India fund is down 15.7% this year. The small-company fund is down 4.6%
Oct 9, 2026EPIFLIN
News
Adani Airports to raise $1 billion from Temasek, BlackRock at $18 billion valuation
Sep 9, 2026FLIN

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EPI vs FLIN

In short

Stated mandate

Why people hold it

Worth knowing

How EPI and FLIN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EPI

Only in FLIN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The iShares India fund is down 15.7% this year. The small-company fund is down 4.6%

Adani Airports to raise $1 billion from Temasek, BlackRock at $18 billion valuation

How EPI and FLIN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EPI

Only in FLIN

Weight gaps