India's Hot Economy Attracts Buffett, Soros

From a sector perspective, EPI is heavily related on India's financial and energy industry, which represent 23% and 19% slices of the fund respectively.

PowerShares' PIN follows the performance of the Indus India Index. Although it is designed to be a catch-all for India's equity markets, this index is more concentrated than EPI, with only 50 firms listed.

Once again, Reliance Industries, INFY, and Oil & Natural Gas Corp represent the largest individual slices and together make up close to 30% of the fund's index. One noticeable difference, however, is the fund's sector breakdown, which shows the Indian energy industry making up the largest slice of the fund, representing nearly 26% of its index.

PIN is a slightly cheaper alternative to EPI, charging investors 0.78% versus 0.88%.

Although they share a number of similarities, my choice for playing the nation is EPI. Throughout the past month and 2010 as a whole, the WisdomTree fund has managed to outperform its PowerShares competitor. The same can be said comparing their performance over one- and two-year periods. This trend looks to continue as more investors catch onto the potential within this nation's economy.

-- Written by Don Dion in Williamstown, Mass.

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