Offshore India funds, ETFs see $900-m outflows in Q4

Written by PTI | New Delhi | Updated: May 21 2014, 09:53am hrs
India-focused offshore funds and exchange-traded funds (ETFs) registered outflows totalling over $900 million in the January-March quarter, despite overseas investors pumping a staggering $3.65 billion into the country's equity market, according to a report.

An offshore India fund is one that is not domiciled in India but invests primarily in Indian markets.

India-focused offshore funds and ETFs registered a net outflow of $0.9 billion for the first quarter. This consists of $878 million of outflows from offshore funds and $30 million of outflows from offshore ETFs, the report by mutual fund tracker Morningstar said.