Is it time to invest in India ?
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...