Here's an example of Excel India fund (CAD denominated in Yellow) vs. the SENSEX (in Blue) vs INRCAD (in RED) and an average of SENSEX & CADINR (in Pink).
Despite Indian Index moving up, the (seemingly temporary) strength in Canadian dollar is driving the price of EGI-UN (Excel India) down.
On an average it has an upward bias which was only recently pulled down due to INR devaluation by RBI. Wait for (1) this retracement cycle to complete and (2) CAD to show some sign of weakness before entry. This should result in higher lows on the Pink line, that will be an Entry point.