The question is why you want to diversify:
- reduce exposure to Mega Caps => add some equal weighting
- hope for re-balancing bonus => buy some Swiss RE Funds, a bit of Listed Global Infrastructure and a tiny bit of Gold
- reduce your exposure to the US => invest into World ex US
- Improve Risk Adjusted Return => go from 90/10 to somewhere like 60/40 to 70/30 and hold 50% of your Non-Shares in Money Market (and move to a Sensible Bond Fund from the one you currently hold)
- Increase Absolute Return => Move some Shares into Listed Private Equity, Momentum or leveraged Equity and some Bonds into Convertibles and AT1 Bonds
- Want to have a more diversified Portfolio to be a „sophisticated“ investor => buy whisky or Art and never have a look at the actual return
Why do you want to diversify? And what do you want to achieve?
The India ETF is a good idea I think as the country from an economic and geopolitical point of view was very well positioned. But at the same time, remember Global Warming and what it means for India. Chances thag the Indian Economy and Stock Market innthe next 100 years goes to Zero are big. If they however survive that, India may in 100 years be what Switzerland is now… so thats a high risk / high reward play.