India-focused offshore funds, ETFs see $1.5 bn outflows in June quarter

This was the thirteenth consecutive quarter of net outflows for the category

Topics
ETFs | Foreign Institutional Investors | MSME

Ashley Coutinho  |  Mumbai 

India-focused offshore fund and ETF as a category continued to witness net outflows. During the quarter ended June, the category witnessed a net outflow of $1.5 billion, which was sharply higher than the net outflow of $376 million seen in the previous quarter.

This was the thirteenth consecutive quarter of net outflows for the category. India-focused offshore funds have seen net outflows for 13 straight quarters, amounting to $1.7 billion till the quarter ended June 2021. However, India-focused offshore ETFs saw inflows for the third straight quarter, with net inflows of $153 million ...

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First Published: Tue, August 17 2021. 17:43 IST
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