I want to invest in India by buying Indian ETFs. The money is already in India in INR so buying US domiciled ETF is not an option. I need to buy Indian ETF like NIFTYBEES.
As a US citizen, I can buy ETFs but they come with PFIC complication which I want to avoid.
To get around PFIC rules, I want to build my own ETF. So I picked stocks that account for about 85% of NIFTY50 (to keep things simple) and created this sample portfolio based on weightage.
[https://docs.google.com/.../2PACX.../pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vSO4B6MO99vlXlrMTuwuNvVbl_SeFE4KsYz9YT9OT8mrC9lntwdVdFxA181-ucfddYaAvHVo0uQdoj2/pubhtml?fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExZ3VBZHFpMFc5Q1VtSktOTHNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR6c9PemG7FwhQ1YRCnvBQ0ZmrGvfA_DNLm1jApDjbha26EK7DNBcKMtrrlyTw_aem_o4S2rrNnmmd_NgOJZIDEBg)
This is not the same as buying NIFTYBEES but it keeps me close enough and diversifies risk.
I am not a pro investor so looking for guidance on:
a. is this a decent strategy
b. anything wrong with the methodology
c. anything else that you can think of under "you don't know what you don't know" category of unasked questions