Top Contributor: Amit Kak | Created when NYSE:IIF was $38.47 | Edit | History
This is a good way to participate in the Indian Equity Market with a controlled amount of risk. This is better than holding individual equities in a foreign market which involves substantial risk.
The less sophisticated stock market there (as many other countries) protected India of toxic assets, derivatives, and other exotic fauna that is killing savings of honest people in Europe and US.
The biggest indian companies has a hugh internal market do not need exports to grow, local currency is in good position too.