Epoxy has long been recognized for its high strength, stiffness, and bond strength. It's high bond strength makes possible the transfer of high shear stresses. This makes it extremely useful for discontinuous and continuous fiber composites applications. However, epoxy is inherently brittle with low toughness. To enhance its fracture resistance, adding filler particles to cause extrinsic toughening is a common technique. Nanofillers like CNT and Graphene are popular candidates due to their extremely high intrinsic properties. However, they are expensive and hence pose difficulty for mass scale production. This work evaluates the effect of Carbon Nanofibers and Graphite nano-particles in the fracture toughness and tensile characteristics of epoxy. Both Carbon Nanofibers and Graphite nanoparticles are high performance fillers but at a fraction of the cost of other nanofillers. Detailed morphological characterization is also performed to elucidate the structure property relationships of the developed composites.