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India-dedicated funds follow global EM trend as outflows hit $547 mn in May

In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May

emerging markets, development, people, growth, economy, traffic, hdi, developing
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The assets under management by GEM funds are about $126 billion and by India-dedicated funds are about $39 billion.

BS Reporter Mumbai
India-dedicated funds witnessed outflows of $547 million in May, adding to the foreign outflows from the domestic market. 

In total, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by foreign portfolio investors (FPIs) in May. 

Of this, global emerging market (GEM) funds accounted for $426 million and other funds saw reported outflows of $201 million, data compiled by Kotak Institutional Equities (KIE) shows. 
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Data on funds tracked by EPFR

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First Published: Jun 27 2022 | 6:21 PM IST

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