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https://www.google.com/search?q=india+etf https://www.google.com/search?q=india+etf https://etfdb.com/etfs/country/india/ https://etfdb.com/etfs/country/india/
by MuffinFlavored 4y ago
https://www.google.com/search?q=india+etf https://www.google.com/search?q=india+etf
https://etfdb.com/etfs/country/india/ https://etfdb.com/etfs/country/india/
Now granted, as far as I know, no major brokerage supports dollar cost averaging into an ETF (needs to be a mutual fund that trades once at close so you never get to benefit from any intraday volatility)
which "moves the goalpost to" https://www.google.com/search?q=india+mutual+fund https://www.google.com/search?q=india+mutual+fund
in fidelity, i can set up automatic investing / dollar cost averaging (wealthfront's entire business model, right?) into any mutual fund they allow access to. curious the advantages from your product over this.
- nish93 4y agoThe major difference here is that you invest directly through your NRE/NRO bank account in India. This makes your investing more efficient, because you dont face the tracking errors and frequent currency transaction costs that funds abroad face. You can compare these with NIFTY growth % - USD/INR growth % - two-way currency transaction charges to confirm. This is a fair option for anyone who cant access the Indian markets directly, but for Indians with PAN card, the efficiency of investing directly is much higher. 2. Breadth of funds is still not as good as in the Indian market. India has 8000+ mutual funds listed, with specific allocations available to mid cap, small cap, thematic (tech vs pharma vs consumer vs infra), equity-debt hybrid etc. 3. We are starting with mutual funds but plan to offer all asset classes for investments including real estates. Also, DCA is just one part of Wealthfront, there are other advantages also, but that's a separate point.