Fungi are playing a vital role for producing natural products, most productive source of lead compounds in far reaching endeavor of new drug discovery. Epicoccum fungus is known for its potential to produce diverse classes of biologically active secondary metabolites. The intent of this review is to provide detailed information about biology and chemistry of Epicoccum fungus. Most of the fungus metabolites showed cytotoxic, anticancer, antimicrobial and anti-diabetic activities. The literature given encompases the details of isolation of different unusual and unique secondary metabolites, their chemical nature and biological activities find out Epicoccum spp., a potential source of lead molecules.