What are the top-performing ETFs or mutual funds focused on India?

**Best-in-class picks right now 🇮🇳**
Over the last three years (17 Sep 2022 → 16 Sep 2025) the following India-centric vehicles have delivered the strongest risk-adjusted results among the broad, thematic and small-cap cohorts we screened:

| Rank | Ticker / Share Class | Vehicle | 3-Yr Cumulative Return | 3-Yr CAGR | Net Expense Ratio |
|------|---------------------|---------|------------------------|-----------|-------------------|
| 🥇 1 | **DGIN** | VanEck Digital India ETF | **+44.6 %** | **13.1 %** | 0.74 % |
| 🥈 2 | **EPI** | WisdomTree India Earnings ETF | +38.2 % | 11.4 % | 0.84 % |
| 🥉 3 | **GLIN** | VanEck India Growth Leaders ETF | +36.4 % | 10.9 % | 0.76 % |
| 4 | **SMIN** | iShares MSCI India Small-Cap ETF | +34.1 % | 10.3 % | 0.74 % |
| 5 | **INDA** | iShares MSCI India ETF (broad market) | +23.7 % | 7.4 % | 0.62 % |
| 6 | **INDY** | iShares India 50 ETF | +16.9 % | 5.4 % | 0.90 % |
| 7 | **PIN** | Invesco India ETF | +3.6 % | 1.2 % | 0.78 % |

Data source: Ainvest FinDatabase closing-price series, 17 Sep 2022–16 Sep 2025.

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### What makes the podium ETFs stand out?

1. **DGIN – Digital-economy powerhouse**
• Concentrated bet on e-commerce, fintech & software names benefiting from India’s 25 %+ YoY digital-GDP growth.
• Highest CAGR, yet fee stays <0.75 %. Liquidity is thinner (≈$25 M AUM), so use limit orders.

2. **EPI – Earnings-weighted core**
• Screens constituents by net income, not market cap, tilting toward profitable large caps in financials & energy.
• Consistently outruns the MSCI India benchmark while charging a still-reasonable 0.84 %.

3. **GLIN – Quality-growth blend**
• Portfolio of “growth leaders” (banks, consumer platforms, cap-goods) plus an ESG filter.
• Beats INDA by ~360 bp annually with only a 14 bp fee premium.

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### Actively-managed mutual-fund leaders (5-yr view)

| Ticker | Fund | 5-Yr CAGR | Net Expense Ratio | Why consider? |
|--------|------|-----------|-------------------|---------------|
| **WAINX** | Wasatch Emerging India | ~15.4 % | 1.25 % | Small-/mid-cap focus; deep on-the-ground research. |
| **MINDX** | Matthews India Fund | ~14.8 % | 1.14 % | Veteran team; balanced growth/value style. |
| **FIINDX** | Fidelity India Focus | ~13.3 % | 1.05 % | Large-cap core, tight risk controls. |

(Performance figures from manager fact-sheets, July 2025.)

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### Portfolio construction tips ✨

• **Core-satellite**: Pair a broad ETF such as INDA (core) with a high-octane satellite like DGIN (10-20 %) for upside without over-concentration.
• **Liquidity check**: Smaller ETFs (GLIN, DGIN) can have wider spreads—stick to limit orders or trade during US market mid-day hours.
• **Currency awareness**: INR swings can add 3-5 % annual volatility. If the rupee weakens, USD investors may see returns eroded despite local-market strength.
• **Macro timing**: India’s general election in 1H 2026 is a natural review point; policy surprises can move banks & infrastructure names sharply.

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### Next step for you 🤔

Your *Investment Goal* field is still blank. Are you targeting long-term EM growth, a tactical allocation tied to India’s reform cycle, or something else? Let me know, and we can fine-tune weightings and exit rules! 🎉