Our long-term goal remains the same – to significantly outperform the Indian market in US Dollars. We believe that India will do very well over the long term. We want to improve upon that performance.
Although the fund performed very well in 2016, one year performance means very little. Let’s defer our victory laps for another time. For now, we would like to focus on something more important, - not how well but how differently the fund performed in 2016. Differently not just from the index but also from ALL the well-managed India funds we track. It’s a big difference so we should explain what’s causing it and what that means for our future
Notes & Letters
A collection of our thoughts, views, and excerpts from our investor letters.