By Nesil Staney
Foreign funds with global emerging market mandates increased their allocations to India to 19.5% in April from 18.7% in March, according to data from Kotak Institutional Research released on Monday.
India allocations by Asia ex-Japan actively managed funds increased to 19.2% in April from 18% in March, while allocations to India by actively managed global emerging markets funds increased to 17.5% in April from 16.7% in March.
Asia-ex Japan and global emerging markets are the two largest category investments in India by FPIs, which hold more than $800 billion in Indian equities.
There was a massive outflow of $8.7 billion from China in April from listed emerging market funds. The flows were negative for most countries, except for Brazil, which had inflows of $409 million. Taiwan, South Korea and India witnessed outflows of $828 million, $710 million and $453 million, respectively.