FLIN vs IMVP

FLINAFranklin FTSE India ETF

IMVPCInvesco India ETF

In short

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.

IMVP Most India ETFs hand you the whole market. Invesco's goes narrow instead: a Bloomberg index that screens Indian stocks on value, momentum, profitability and low volatility, landing on roughly 30 names. Listed since 2008.

Stated mandate

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

IMVP The Fund seeks to track the Bloomberg India MVP Index before fees and expenses.

Why people hold it

• 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.

• IMVP Rules pick the stocks, not a mood. The fund tracks the Bloomberg India MVP Index, which screens on value, momentum, profitability and low volatility, so selection follows a published methodology.
• Concentration on purpose: roughly 30 stocks, so the screen's picks actually show up in results rather than getting diluted across hundreds of names.
• Real mileage. It has been trading since 2008, through several India boom-and-bust cycles, inside Invesco's ETF lineup.

Worth knowing

• 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.

• IMVP The screen costs you: 0.78% a year, above the typical India fund and roughly four times Franklin's plain-vanilla FLIN at 0.19%.
• Thirty stocks cut both ways. One stumbling large position lands harder here than in a broad market-cap India fund like INDA.
• One country, one currency. The mandate is India equities only, so India's market and the rupee drive the ride with nothing else to soften it.

Full FLIN profile⁠

Full IMVP profile⁠