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

May 21 2014, 04:23 IST
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SummaryIndia-focused offshore funds and exchange-traded funds (ETFs) registered outflows totalling over $900 million in the January-March quarter,

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.

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