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 companies, tracks the efficiency of 34 publicly listed Indian firms which supply services designed for entrepreneurial households.
“The EHI Index tracks 34 publicly listed firms 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 high 10 per cent drive spending energy and highlights entrepreneurial households as key financial contributors. We consider 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 firms as Bandhan Financial institution, Bajaj Finance, AU Small Finance Financial institution and Muthoot Finance amongst others, that are fixing the vital wants of the entrepreneurial households – be it entry to reasonably priced credit score, housing finance or micro-entrepreneurship instruments amongst others.
EPIC World is constructed on the muse 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 missed pressure, the entrepreneurial households. Regardless of contributing trillions to the economic system, Entrepreneurial Households stay underserved by conventional monetary and enterprise programs. We’re glad to have labored with Morningstar Indexes who supplied their calculation companies for the index,” Krishnan stated.
The EHI Index, whereas not meant to offer funding inputs, gives data-driven assist to the truth that companies catering to EHs have proven robust progress and created shareholder worth, EPIC World stated in a press release.
As of date, the EHI Index has outperformed the NIFTY 50 and NIFTY Monetary Companies Index since its base date in January 2017.Firms within the Index show a 5-year income CAGR of twenty-two per cent, whereas additionally delivering an combination 5-year RoE of 16 per cent, surpassing conventional indices.10 EHI Index firms have collectively raised over $1.2 billion in public markets within the final two years.
