EPIC World, a worldwide platform, unveiled the Entrepreneurial Households India Index (EHI Index) on Tuesday. The EHI Index, developed by EPIC World with Morningstar Indexes offering calculation providers, tracks the efficiency of 34 publicly listed Indian corporations which supply services and products designed for entrepreneurial households.
“The EHI Index tracks 34 publicly listed corporations with a $115 billion market cap and exhibits that EH-focused companies are a high-growth, commercially aggressive asset class. The Index challenges the favored notion that solely India’s prime 10 per cent drive spending energy and highlights entrepreneurial households as key financial contributors. We imagine this section will lead India’s financial transformation going ahead. At EPIC World, we’re unlocking this immense potential,” stated Jyotsna Krishnan, Co-founder, EPIC World and Managing Associate, Elevar Fairness.
The EHI Index options corporations as Bandhan Financial institution, Bajaj Finance, AU Small Finance Financial institution and Muthoot Finance amongst others, that are fixing the crucial wants of the entrepreneurial households – be it entry to inexpensive credit score, housing finance or micro-entrepreneurship instruments amongst others.
EPIC World is constructed on the inspiration of Elevar Fairness, an affect investor throughout India and Latin America, that has been the primary institutional investor in manufacturers likeLEAD, Samunnati, Niro, Sarvagram, Cloud Doctor, Curebay.
“India’s financial progress is pushed by a robust but neglected pressure, the entrepreneurial households. Regardless of contributing trillions to the financial system, Entrepreneurial Households stay underserved by conventional monetary and enterprise techniques. We’re glad to have labored with Morningstar Indexes who supplied their calculation providers for the index,” Krishnan stated.
The EHI Index, whereas not supposed to offer funding inputs, offers data-driven assist to the truth that companies catering to EHs have proven robust progress and created shareholder worth, EPIC World stated in an announcement.
As of date, the EHI Index has outperformed the NIFTY 50 and NIFTY Monetary Providers Index since its base date in January 2017.Firms within the Index reveal a 5-year income CAGR of twenty-two per cent, whereas additionally delivering an mixture 5-year RoE of 16 per cent, surpassing conventional indices.10 EHI Index corporations have collectively raised over $1.2 billion in public markets within the final two years.
