ETF Evaluator:
Simplify Tara India Opportunities ETF ()
Follow This ETF
(as of Aug 20)
Best Performing in India Equity Over the Last Year
| 3.1% | VanEck India Growth Ldrs ETF (GLIN) |
| 1.7% | Matthews India Active ETF (INDE) |
| -0.8% | Simplify Tara India Opportunities ETF (IOPP) |
| -1.6% | First Trust India NIFTY 50 Equal Wtd ETF (NFTY) |
| -2.0% | Columbia India Consumer ETF (INCO) |
Risk
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Risk
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ETF Details
Simplify Tara India Opportunities ETF Overview
Simplify Tara India Opportunities ETF (IOPP) is an actively managed International Equity India Equity exchange-traded fund (ETF). Simplify Asset Management launched the ETF in 2024.
The investment seeks to achieve long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its assets in securities of Indian issuers. The manager define Indian issuers as entities: (i) organized in India; (ii) having a class of securities whose principal securities market is in India; (iii) deriving more than 50% of total revenues or earnings from goods produced, sales made, or services provided in India; or (iv) maintaining more than 50% of its employees, assets, investments, operations, or other business activity in India.
About Simplify Tara India Opportunities ETF (IOPP)
There are 3 members of the management team with an average tenure of 2.19 years: Anupam Ghose (2024), David Berns (2024) and Chris Getter (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Simplify Tara India Opportunities ETF has 27 securities in its portfolio. The top 10 holdings constitute 49.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Simplify Tara India Opportunities ETF is part of the Equity global asset class and is within the International Equity ETF group. Simplify Tara India Opportunities ETF has 97.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 97.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Simplify Tara India Opportunities ETF has 2.7% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $708 million average for the India Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IOPP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Simplify Tara India Opportunities ETF expense ratio is above average compared to funds in the India Equity category. Simplify Tara India Opportunities ETF has an expense ratio of 0.73%, which is 6% higher than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Simplify Tara India Opportunities ETF has a portfolio turnover rate of 108%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the India Equity category.
Recently, in the month of July 2026, Simplify Tara India Opportunities ETF returned 3.3%, which earned it a grade of A, as the India Equity category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Simplify Tara India Opportunities ETF has a trailing yield of 0.37%, which is below the 0.82% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Simplify Tara India Opportunities ETF Grades
Year to date, the ETF has returned -0.7%, 5.7 percentage points better than the category, which translates into a grade of A. The fund has returned -0.8% over the past year (grade of A).
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IOPP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IOPP Return (NAV) | 3.3% | 8.0% | -0.8% | na | na | na |
| IOPP Return (Price) | 3.0% | 6.4% | -0.5% | na | na | na |
| NAV +/- Price Return | 0.338% | 1.641% | -0.279% | na | na | na |
| India Equity Avg | 1.6% | 3.3% | -4.7% | 5.3% | 4.9% | 6.8% |
| IOPP Grade (NAV) | A | A | A | na | na | na |
| +/- Category (NAV) | 1.8% | 4.7% | 3.9% | na | na | na |
| IOPP Tax-Cost Ratio | na | na | 0.2% | na | na | na |
IOPP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IOPP Return (NAV) | -0.7% | 1.0% | na | na | na | na | na | na | na | na | na |
| IOPP Return (Price) | -0.4% | 0.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.396% | -0.274% | na | na | na | na | na | na | na | na | na |
| India Equity Avg | -6.4% | 0.7% | 12.4% | 26.7% | -9.8% | 26.5% | 13.6% | -0.2% | -13.5% | 44.0% | 0.8% |
| IOPP Grade (NAV) | A | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 5.7% | 0.4% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.4% |
| Total Assets: | $ 7 Mil |
| Share Class Assets: | $ 7 Mil |
| Turnover: | 108.0% |
| Expense Ratio: | 0.73% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.4 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Ghose Anupam (2024), Berns David (2024), Getter Chris (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 49.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 97.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Simplify Asset Management |
| Phone Number: | 855-772-8488 |
| Website: | |
| Inception Date: | March 4, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.73% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.69% |
