Still love India over the next few decades, but as I chart India Fund vs. some of the Indian banks I show, I see very similar patterns so it's sort of a moot point to own both. Below is a 6 month chart of the index ETF versus the 2 Indian banks I own, and then below that is a 12 month chart. The 3 month chart is similar (but now shown).
Further, I follow the banks and their stocks much more than the ETF which sort of sits at the bottom of the portfolio as a 0.5-1.0% type of position most of the time. So as I move to remove redundancy I've decided to sell this, even as the chart is actually looking quite positive in the near term. I sold out at $51.80s.
Even though the 6 month return is negative 20%, I've had some very good timing with my buys of India [Oct 26: India Up, China Down? Changing my Indian Focus] so despite a small stake and never overweighting this position I've been able to get a +$4000 return by selling when it was up, and buying on pullbacks. This has been a position (since the fund began) where the only way to make money is trading. That said, Indian stocks have had a great rise if you go back a few years... I just started the fund at the inopportune time for "buy and hold".
This position was started on day one of the fund... I'll focus on the banks for now and continue to wish that India, like Brazil, offers more companies direct to American investors.
I am now back to my preferred 55 long positions (63 total)
Disclosure: Long Indian banks in fund; no personal position