FLIN vs INDH: Grades, Fees and Holdings Compared

Franklin FTSE India ETF

FLINANYSE Arca

WisdomTree India Hedged Equity Fund

INDHBNasdaq

Overlap

54.9%by weight

Expense ratio

FLIN −0.45pt a year

FLIN0.19%INDH0.64%

Avg volume · 30D

FLIN 832.6×the volume

FLIN588KINDH706

FLIN vs INDH Performance

Oct 31, 2025 – Oct 30, 2026

−11.8%FLIN−10.0%INDH

Expense ratio: FLIN 0.19%, better; INDH 0.64%
Fund size: FLIN $2.53B; INDH $6M
1Y total return: FLIN −11.8%; INDH −10.0%, better
Yield (12M): FLIN 0.45%; INDH 5.90%, better
Holdings: FLIN 278; INDH 81
Avg volume (30D): FLIN 588K sh, better; INDH 706 sh
NAV per share: FLIN $33.93; INDH $37.63
52W range

ETF.net Grade

Pillar letters and Scores for FLIN, INDH, with each pillar’s weight
Pillar	FLIN	INDH
Cost30% weight	A97Higher	A83
Mission25% weight	A100	Not scored
Risk15% weight	B55	A71Higher
Tradability15% weight	A83Higher	D38
Holdings10% weight	A81Higher	C53
Durability5% weight	A76Higher	F22

Rank among India funds

How we build Categories ›

Same Category. FLIN and INDH 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 INDH 7th of 19 funds in the India Category.

Rank 1AFLINFranklin FTSE India ETFScore 86
Rank 1AINDAiShares MSCI India ETFScore 86
Rank 6BGLINVanEck India Growth Leaders ETFScore 64
Rank 7BINDHWisdomTree India Hedged Equity FundScore 63
Rank 8BNFTYFirst Trust India NIFTY 50 Equal Weight ETFScore 61

Our read on each fund

ETF.net Research

FLINAFranklin FTSE India ETF

INDHBWisdomTree India Hedged Equity Fund

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.

INDH Most India funds hand you two bets: Indian companies and the rupee. INDH keeps the stocks and hedges the currency, so the exchange rate stops riding shotgun on your returns.

Stated mandate

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

INDH The fund seeks exposure to India's equity market while hedging movements between the U.S. dollar and Indian rupee.

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.

INDH The hedge is the whole point: exposure to India's equity market while offsetting moves between the dollar and the rupee, per the fund's own objective.wisdomtree.com
0.64% a year sits below the median fee in the India ETF group, and under peers like INDY (0.65%) and SMIN (0.74%).
Roughly 80 stocks held against a published WisdomTree index, so the lineup is rules-based rather than a manager's running judgment.

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.

INDH Hedging cuts both ways. It strips out rupee losses and rupee gains alike, and running the hedge carries its own cost.wisdomtree.com
Small in assets and thinly traded, which typically means wider bid-ask spreads than the household names in the India category.
Launched in 2024, so the track record is short next to India funds that have been through multiple market cycles.

Full FLIN profile⁠

Full INDH profile⁠

FLIN vs INDH Holdings

How FLIN and INDH differ

Overlap by weight

54.9%

Shared holdings make up 82.6% of INDH and 55.2% of FLIN.

Level by level

Holdings56 in both54.9%
Sector11 Sectors90.2%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in FLIN and INDH, widest gap first
Sector	More in FLINMore in INDH	FLIN	INDH
Financials	FLIN +4.9 points	27.6%	22.7%
Technology	INDH +3.2 points	8.2%	11.4%
Energy	INDH +2.9 points	8.4%	11.3%
Industrials	FLIN +2.4 points	10.6%	8.2%
Consumer Staples	INDH +1.4 points	5.1%	6.5%
Consumer Discretionary	INDH +1.3 points	12.4%	13.8%
Health Care	FLIN +1.3 points	7.7%	6.4%
Real Estate	FLIN +1.2 points	1.5%	0.3%
Communication	INDH +1.0 points	4.6%	5.6%
Materials	FLIN +0.1 points	9.0%	8.9%
Utilities	INDH +0.1 points	4.8%	4.9%

Country, concentration and asset class

Country by domicile

Country weights in FLIN and INDH, widest gap first
Country	More in FLINMore in INDH	FLIN	INDH
India	Same weight	100.0%	100.0%

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

Concentration

Weight in the 10 largest Holdings

FLIN30.7%
INDH45.4%

Securities held

FLIN275
INDH79

Asset class

FLIN: Equity
INDH: Equity

Holdings

Only in FLIN219
In both56
Only in INDH23

Only in FLIN

219 securities, 44.8% 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%
Laurus Labs Ltd0.58%
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%
Torrent Pharmaceuticals L0.45%
One 97 Communications Ltd0.44%
Jio Financial Services Lt0.44%
Federal Bank Ltd0.41%
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%
Lupin Ltd0.32%
Aurobindo Pharma Ltd0.31%
Solar Industries India Lt0.30%
Bharat Forge Ltd0.30%
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%
Marico Ltd0.28%
Indusind Bank Ltd0.28%
Adani Energy Solutions Lt0.28%
Polycab India Ltd0.27%
Ashok Leyland Ltd0.27%
Bosch Ltd0.26%
Multi Commodity Exch Indi0.26%
Sona Blw Precision Forgin0.26%
Jindal Steel Ltd0.26%
Ltm Ltd0.26%
United Spirits Ltd0.26%

Only in INDH

23 securities, 18.1% of INDH by weight

Mahindra & Mahindra Ltd3.05%
Larsen & Toubro Ltd2.57%
State Bank of India Ltd1.88%
Zomato Ltd1.81%
Tech Mahindra Ltd1.23%
Grasim Industries Ltd1.07%
Trent Ltd0.75%
SBI Life Insurance Co Ltd0.73%
Coforge Limited0.71%
Avenue Supermarts Ltd0.57%
United Spirits Ltd0.51%
ICICI Lombard General Insurance Co Ltd0.45%
InterGlobe Aviation Ltd0.44%
Gail India Ltd0.42%
HDFC Standard Life Insurance Co Ltd0.41%
Tata Motors Ltd0.40%
Varun Beverages Ltd0.40%
LTIMindtree Ltd0.27%
Vedanta Aluminium Metal Ltd0.27%
Vedanta Ltd0.13%
Vedanta Iron And Steel Ltd<0.01%
Talwandi Sabo Power Ltd<0.01%
Malco Energy Ltd<0.01%

Weight gaps

All 56 Holdings in both funds, largest gap first.

Holding weights in FLIN and INDH, widest gap first
Holding	More in FLINMore in INDH	FLIN	INDH
Reliance Industries Limit	INDH +2.86 points	5.15%	8.01%
Icici Bank Ltd	INDH +2.56 points	4.88%	7.44%
Hdfc Bank Limited	INDH +1.66 points	5.20%	6.86%
Infosys Ltd	INDH +1.48 points	2.75%	4.23%
Axis Bank Ltd	INDH +1.18 points	1.84%	3.02%
Bharti Airtel Ltd	INDH +1.07 points	4.05%	5.12%
Kotak Mahindra Bank Ltd	INDH +0.94 points	1.67%	2.61%
Titan Co Ltd	INDH +0.90 points	1.08%	1.98%
Sun Pharmaceutical Indus	INDH +0.83 points	1.25%	2.08%
Tata Consultancy Svcs Ltd	INDH +0.78 points	1.68%	2.46%
Adani Ports and Special E	INDH +0.61 points	0.90%	1.51%
Jsw Steel Ltd	INDH +0.59 points	0.72%	1.31%
Hcl Technologies Ltd	INDH +0.58 points	0.95%	1.53%
Hindustan Unilever Ltd	INDH +0.58 points	1.10%	1.68%
Tata Steel Ltd	INDH +0.56 points	0.89%	1.45%
Hindalco Industries Ltd	INDH +0.49 points	0.85%	1.34%
Maruti Suzuki India Ltd	INDH +0.48 points	0.95%	1.43%
Divi's Laboratories Ltd	INDH +0.45 points	0.82%	1.27%
Bharat Electronics Ltd	INDH +0.42 points	0.87%	1.29%
Tvs Motor Co Ltd	INDH +0.42 points	0.63%	1.05%
Nestle India Ltd	INDH +0.42 points	0.55%	0.97%
Ultratech Cement Ltd	INDH +0.38 points	0.90%	1.28%
Indian Hotels Co Ltd	INDH +0.39 points	0.46%	0.85%
Eicher Motors Ltd	INDH +0.38 points	0.67%	1.05%
Dr. Reddy's Laboratories	INDH +0.36 points	0.55%	0.91%
Ntpc Ltd	INDH +0.36 points	0.99%	1.35%
Power Grid Corp of India	INDH +0.34 points	0.79%	1.13%
Hero Motocorp Ltd	INDH +0.35 points	0.44%	0.79%
Bajaj Finserv Ltd	INDH +0.33 points	0.42%	0.75%
Tata Consumer Products Lt	INDH +0.33 points	0.44%	0.77%
Asian Paints Ltd	INDH +0.32 points	0.69%	1.01%
Apollo Hospitals Enterpri	INDH +0.30 points	0.57%	0.87%
Adani Enterprises Ltd	INDH +0.30 points	0.52%	0.82%
Tata Power Co Ltd	INDH +0.29 points	0.38%	0.67%
Bharat Petroleum Corp Ltd	INDH +0.29 points	0.35%	0.64%
Hindustan Aeronautics Ltd	INDH +0.28 points	0.61%	0.89%
Max Healthcare Institute	INDH +0.27 points	0.42%	0.69%
Indian Oil Corp Ltd	INDH +0.28 points	0.32%	0.60%
Pidilite Industries Ltd	INDH +0.26 points	0.30%	0.56%
Adani Green Energy Ltd	INDH +0.24 points	0.25%	0.49%
Oil & Natural Gas Corp Lt	INDH +0.23 points	0.57%	0.80%
Britannia Industries Ltd	INDH +0.22 points	0.36%	0.58%
Itc Ltd	INDH +0.22 points	0.53%	0.75%
Cummins India Ltd	INDH +0.22 points	0.40%	0.62%
Info Edge India Ltd	INDH +0.20 points	0.27%	0.47%
Adani Power Ltd	INDH +0.20 points	0.68%	0.88%
Bajaj Auto Ltd	INDH +0.19 points	0.45%	0.64%
Cipla Ltd	INDH +0.18 points	0.52%	0.70%
Pb Fintech Ltd	FLIN +0.16 points	0.23%	0.07%
Suzlon Energy Ltd	FLIN +0.10 points	0.25%	0.15%
Wipro Ltd	INDH +0.10 points	0.35%	0.45%
Persistent Systems Ltd	FLIN +0.04 points	0.42%	0.38%
Coal India Ltd	INDH +0.04 points	0.61%	0.65%
Dlf Ltd	INDH +0.02 points	0.29%	0.31%
Godrej Consumer Products	INDH +0.02 points	0.21%	0.23%
Ambuja Cements Ltd	Same weight	0.18%	0.18%

All 236 FLIN holdings⁠All 79 INDH 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.

FLIN vs INDH Cost

Overpaying INDH vs FLIN

$8,586

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

FLIN 0.19%
$3,952
INDH 0.64%
$12,538

Amount$10,000

Years30 years

Cost over time

FLIN 0.19%
INDH 0.64%
Overpaying

Year by year

Year	FLIN	INDH	Overpaying
10	$347	$1,145	$798
20	$1,351	$4,375	$3,024
30	$3,952	$12,538	$8,586

Expense ratio

0.19%FLIN, cheaper
0.64%INDH

FLIN0.19%INDH0.64%

0.19%0.88%

Middle half of India funds
Median 0.75%

FLIN cheapest of 19 funds

INDH 4th cheapest of 19 funds

FLIN vs INDH Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FLIN 0.45%; INDH 5.90%, better
Payout (12M): FLIN $0.15; INDH $2.22
Last payment: FLIN $0.15; INDH $2.22
Ex-dividend: FLIN Dec 19, 2025; INDH Dec 10, 2025
Paid on: FLIN Dec 29, 2025; INDH Dec 12, 2025
Frequency: FLIN Twice a year; INDH Annual

Distribution history

Per share, 2018 to 2026, same scale for both

FLINTwice a year · 16 paymentsAll FLIN payments⁠

INDHAnnual · 2 paymentsAll INDH payments⁠

FLIN vs INDH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FLIN 14.2%INDH 11.5%since Jun 2024
Return per unit of riskSharpe ratio, 3 years: FLIN 0.05INDH −0.38since Jun 2024
Worst fallMax drawdown, 5 years: FLIN −22.9%INDH −15.8%since May 2024
Market sensitivityBeta, 5 years: FLIN 0.46INDH 0.47; Market = 1

FLIN and INDH 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, 2026FLIN
News
Adani Airports to raise $1 billion from Temasek, BlackRock at $18 billion valuation
Sep 9, 2026FLIN

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FLIN vs INDH

In short

Stated mandate

Why people hold it

Worth knowing

How FLIN and INDH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLIN

Only in INDH

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 FLIN and INDH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FLIN

Only in INDH

Weight gaps