Simplify Tara India Opportunities ETF (IOPP) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of Indian issuers across all market capitalizations; it employs a bottom-up research approach focusing on companies with strong business moats, growth drivers, management quality, and future potential to outperform the MSCI India Index. The fund, sub-advised by System Two Advisors—a firm with extensive on-the-ground expertise in India through its 70 in-market personnel—targets themes driving India's growth story, including rising middle-class disposable income, digitization, and manufacturing expansion; its portfolio typically comprises 25-40 high-conviction holdings, with top positions in companies such as Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., Zomato Ltd., Titan Company Ltd., and Tata Motors Ltd. Launched on March 4, 2024, and issued by Simplify Asset Management Inc., headquartered in New York, NY, the ETF trades on NYSE Arca and serves U.S. investors seeking exposure to India's fast-growing economy, forecasted for over 6% annual GDP growth; it features a net expense ratio of 0.70% (with a temporary fee waiver) and maintains diversified sector allocations led by consumer cyclical, consumer defensive, and communication services. In a key strategic development, Simplify partnered with System Two Advisors in March 2024 to launch IOPP as the firm's first international ETF and the first to broadly distribute System Two's specialized India equity management capabilities. The fund underwent a net asset value restatement in April 2024 and is included in Simplify's 2025 estimated capital gains distributions across multiple ETFs, announced in December 2025; no further major acquisitions, funding rounds, or product launches have been reported for IOPP within the past two years.