Best India ETFs for 2026
India ETFs offer exposure to one of the world's fastest-growing major economies, with favorable demographics, a booming technology sector, and an expanding middle class driving sustained economic growth. India has emerged as a compelling alternative to China for emerging market investors, with its democratic governance, English-speaking workforce, and increasing integration into global supply chains making it an attractive long-term investment destination.
INDA from iShares is the largest and most liquid India ETF, tracking the MSCI India Index with exposure to roughly 130 of India's largest companies across financials, technology, energy, and consumer sectors. INDY, also from iShares, specifically tracks the Nifty 50 Index — India's benchmark large-cap index — providing concentrated exposure to the 50 most prominent Indian corporations. EPI from WisdomTree takes a fundamentally weighted approach based on earnings rather than market capitalization, which can result in different sector tilts and potentially better value characteristics.
India's stock market has delivered strong returns over the past several years, driven by robust corporate earnings growth and increasing foreign investment flows. However, valuations have risen meaningfully, and Indian equities often trade at premium multiples relative to other emerging markets. Currency risk is also a factor, as the Indian rupee can be volatile against the US dollar. Investors should view India as a long-term growth allocation and be prepared for periodic corrections along the way.
How We Rank
ETFs are ranked by assets under management (AUM). Only ETFs with $50M+ in assets are included. Data is updated daily.
| # | Symbol | Fund Name | AUM |
|---|---|---|---|
| 1 | INDA | iShares MSCI India ETF | $8.14B |
| 2 | FLIN | Franklin FTSE India ETF | $2.98B |
| 3 | EPI | WisdomTree India Earnings Fund | $2.49B |
| 4 | SMIN | iShares MSCI India Small-Cap ETF | $647.4M |
| 5 | INDY | iShares India 50 ETF | $606.0M |
| 6 | BMOIF | BMO India Equity Index ETF | $277.8M |
| 7 | INCO | Columbia India Consumer ETF | $250.0M |
| 8 | PIN | Invesco India ETF | $181.0M |
| 9 | GLIN | VanEck India Growth Leaders ETF | $172.1M |
| 10 | IMVP | Invesco India ETF | $163.4M |
| 11 | NFTY | First Trust India NIFTY 50 Equal Weight ETF | $157.6M |
| 12 | PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | $153.0M |
| 13 | GIND | Goldman Sachs India Equity ETF | $152.5M |
| 14 | VEXC | Vanguard Emerging Markets ex-China ETF | $125.4M |
| 15 | BKF | iShares MSCI BIC ETF | $91.2M |
| 16 | FNI | First Trust Chindia ETF | $76.3M |
| 17 | INQQ | The India Internet ETF | $63.2M |
| 18 | NDIA | Global X - India Active ETF | $58.2M |
| 19 | INDL | Direxion Daily MSCI India Bull 2X ETF | $54.1M |
What to Look For
Compare the index methodology — INDA uses market-cap weighting, INDY tracks the Nifty 50, and EPI uses earnings weighting, which leads to different sector allocations and risk profiles. Expense ratios range from about 0.60% to 0.85%, which is higher than developed market ETFs but typical for single-country emerging market funds.
Check the sector concentration, as Indian ETFs tend to be heavily weighted in financials and technology. Also consider the fund's AUM and bid-ask spread, since liquidity can vary significantly among India-focused products. Review the currency exposure and whether the rupee's trend is likely to help or hurt US dollar-denominated returns.
Which India ETFs Is Best for You?
INDA is the default India ETF for most investors, offering the broadest exposure with the best liquidity. Its roughly 130 holdings span all major Indian sectors, and its large AUM ensures tight bid-ask spreads. INDA provides a comprehensive way to participate in India's growth story without excessive concentration risk.
INDY focuses exclusively on India's Nifty 50, the country's most prestigious stock index. This gives it a more concentrated, large-cap-oriented portfolio than INDA. Companies in the Nifty 50 tend to be well-established market leaders with strong governance, which appeals to investors who want quality Indian exposure rather than broad market participation.
EPI from WisdomTree offers a differentiated approach by weighting stocks according to their earnings rather than market capitalization. This methodology naturally tilts the fund toward more profitable and potentially undervalued companies, which can provide a value counterbalance to the growth premiums embedded in market-cap-weighted Indian indices.