At a glance
INDH charges 0.64% a year, below the 0.7% average of the 7 funds most like it (the 3rd cheapest of 8). It has $5.8M in assets, the 8th largest of that group; it paid 6.01% of its price in distributions over the past 12 months, annual. Over the past year it returned −12.1% with distributions reinvested (S&P 500: +11.5%), the best of those 8 funds. Its ten largest positions make up 45.6% of the fund, out of 79 in all.
The short version
WisdomTree India Hedged Equity Fund (INDH) tracks an index of 75 large Indian companies, led by Reliance Industries and HDFC Bank. It also uses currency contracts to offset swings in the rupee against the dollar. That rupee hedge sets it apart from similar India ETFs. Its yearly fee of 0.64% is below the 0.70% peer average, but the fund is very small, with about $5.8 million in assets as of June 30, 2026.
Price history
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INDH -12.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| INDH official prospectus, to Dec 31, 2025 | — | +6.68% | — | — | — | +7.09% |
| Wisdom Tree India Hedged Equity Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +7.29% | — | — | — | +8.37% |
| MSCI India Index (Local) (Reflects no deduction for fees, expenses or taxes) index, same period | — | +7.73% | — | — | — | +8.45% |
| INDH price data to Oct 27, 2026 | -12.8% | -12.1% | — | — | — | -0.9% |
- Over the year to Oct 27, 2026, INDH returned -12.1%, 1st of 8 among similar funds.
- Its worst full calendar year was 2025 (+6.7%); its best was 2025 (+6.7%).
- The deepest fall in its price history was 15.8% (Sep 26, 2024 to Oct 8, 2026), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -12.8% | — |
| 2025 | +6.7% | +6.68% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $2.2200 |
What's inside
As of Jun 30, 2026, the fund held 79 securities; the ten largest made up 45.63% of assets.
| Holding | Weight | |
|---|---|---|
| RELIANCE INDUSTRIES LTD | 8.88% | |
| HDFC BANK LTD | 7.90% | |
| ICICI BANK LTD | 7.21% | |
| BHARTI AIRTEL LTD | 4.66% | |
| INFOSYS LTD | 3.61% | |
| AXIS BANK LTD | 3.18% | |
| MAHINDRA & MAHINDRA LTD | 3.14% | |
| LARSEN & TOUBRO LTD | 2.82% | |
| KOTAK MAHINDRA BANK LTD | 2.14% | |
| TATA CONSULTANCY SERVICES LTD | 2.09% | |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 2.08% | |
| HINDUSTAN UNILEVER LTD | 1.99% | |
| TITAN COMPANY LTD | 1.91% | |
| STATE BANK OF INDIA | 1.91% | |
| MARUTI SUZUKI INDIA LTD | 1.79% |
By country
India 102.05%By asset type
Stocks 102.05%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +5.50%, -1.68%, +0.03%.
How it works
INDH is an index fund that aims to match the WisdomTree India Hedged Equity Index, before fees. WisdomTree, the parent of the fund's adviser, built the index. Each year the index screens for companies incorporated in India and listed on the Bombay Stock Exchange. Each one needs at least $200 million in float-adjusted market value (counting only shares available to investors) and enough trading volume. The 75 largest companies that pass are included and weighted by size. At each yearly rebalance, any one company is capped at 10% and any one sector at 30%.
The fund doesn't have to own every stock in the index. It uses representative sampling, which means holding a mix of stocks that behaves like the index. It keeps at least 80% of net assets in index stocks or similar instruments. As of June 30, 2026, it had 79 holdings. The top 10 made up about 46% of assets, led by Reliance Industries (8.9%), HDFC Bank (7.9%) and ICICI Bank (7.2%).
The rupee hedge is the fund's main mechanical feature. The fund uses currency forward and futures contracts, which are agreements that lock in an exchange rate for a future date. The contracts are sized to match the fund's rupee exposure. When the dollar rises against the rupee, the hedge is designed to lift returns compared with an unhedged India fund. When the dollar falls, it tends to lower them. The hedge may not fully offset currency moves.
What it really costs
- INDH charges 0.64% a year, versus an average of 0.7% for the similar funds below (3rd of 8, cheapest first).
- Of that, 0.63% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $65 in the first year and $798 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| INDH | $65 | $205 | $357 | $798 |
In a retirement portfolio
A fund that holds stocks from a single emerging market, with a short record and about $5.8 million in assets, is suited to a small add-on role rather than a foundation.
INDH could add Indian stocks to a portfolio with most of the rupee's swings hedged out. That may appeal to retirees who spend in dollars. Its record is short. It launched after the 2008, 2020 and 2022 downturns, so there is no record of how it held up in them. Its only full calendar year, 2025, returned 6.68%. Its deepest drop was 15.8%, from September 26, 2024, to October 8, 2026, and it had not recovered as of October 27, 2026. Anyone who sold shares near that low would have locked in losses.
The fund pays income once a year. Payouts over the past 12 months totaled $2.22 per share, a 6.01% yield as of October 27, 2026. A single yearly payment can swing widely and is hard to budget around. In the SEC's standard cost example, the 0.64% fee adds up to $798 over 10 years on $10,000. Past results don't predict the future, and a plan needs to consider the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want India's largest companies, such as Reliance Industries and HDFC Bank, with the rupee's swings against the dollar hedged out.
- Cost-aware investors who want a hedged India fund: its 0.64% yearly fee is below the 0.70% average of seven similar India ETFs.
- Investors seeking a small, higher-risk add-on who can accept a track record of about two and a half years and once-a-year payouts.
Look elsewhere if
- Anyone who prefers a large fund: INDH had about $5.8 million in assets as of June 30, 2026, the smallest of eight India ETFs compared.
- Investors who want to gain if the rupee strengthens against the dollar. The hedge is designed to give up that gain.
- Investors in taxable accounts who want to avoid capital gains: INDH generally pays out redemptions in cash, which can force sales that realize taxable gains.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| INDH this fund | — | 0.64% | $5.8M | -12.1% | — |
| INDY iShares India 50 ETF · different strategy | 82% | 0.89% | $558.0M | -16.3% | +1.2% |
| INDA iShares MSCI India ETF · different strategy | 71% | 0.62% | $6.75B | -14.6% | +3.1% |
| FLIN Franklin FTSE India ETF · different strategy | 65% | 0.19% | $2.72B | -14.7% | +3.9% |
| NFTY First Trust India NIFTY 50 Equal Weight ETF · different strategy | 62% | 0.8% | $132.0M | -13.1% | +4.0% |
| EPI WisdomTree India Earnings Fund · different strategy | 59% | 0.87% | $2.12B | -13.6% | +4.3% |
| IMVP Invesco India ETF · different strategy | 26% | 0.78% | $107.1M | -22.7% | -0.1% |
| INCO Columbia India Consumer ETF · different strategy | 21% | 0.75% | $225.9M | -14.0% | +5.0% |
Questions investors ask
INDH vs INDY: what's the difference?
INDH's defining feature is its currency hedge, which offsets moves in the rupee against the dollar. The iShares India 50 ETF (INDY) follows a different strategy. About 82% of their holdings overlap. INDH charges 0.64% a year and INDY charges 0.89%. INDH is far smaller, though, with about $5.8 million in assets against about $558 million for INDY, both as of June 30, 2026. Over the year to October 27, 2026, INDH's price fell 12.1% and INDY's fell 16.3%.
Does INDH pay dividends?
Yes, once a year. Payouts over the 12 months to October 27, 2026, totaled $2.22 per share, a trailing yield of 6.01%. With only one payment a year, that figure reflects a single payout and can change sharply from year to year. In currency-hedged funds, payouts can also include gains on the hedging contracts, which rise and fall with exchange rates. INDH is mainly a stock fund, not an income fund.
Is INDH good for retirement?
It may fit only as a small slice of a retirement portfolio. INDH holds stocks from a single emerging market and has about two and a half years of price history. It had about $5.8 million in assets as of June 30, 2026. It launched after the 2008, 2020 and 2022 downturns, so how it would hold up in a severe crash is unknown. Its deepest drop, 15.8% from September 26, 2024, to October 8, 2026, had not been recovered as of October 27, 2026.
How does INDH's currency hedge work?
INDH uses currency forward and futures contracts, sized to its rupee exposure, to offset changes in the rupee's value against the US dollar. Without a hedge, a US investor in Indian stocks gains when the rupee strengthens and loses when it weakens. The hedge is designed to beat an unhedged India fund when the dollar rises against the rupee. It is designed to trail one when the dollar falls. It may not fully offset currency moves, and the contracts add derivatives risk.
What is INDH's expense ratio?
INDH's expense ratio, or yearly fee, is 0.64%, according to its prospectus filed July 29, 2026. That includes a 0.63% management fee. In the SEC's standard example, $10,000 earning 5% a year would cost about $65 after one year, $357 after five years and $798 after ten. The fee is below the 0.70% average of seven India ETFs with overlapping holdings. The Franklin FTSE India ETF (FLIN) charges 0.19%, but it follows a different strategy.