 "India-dedicated funds")
India-dedicated funds saw outflows to the tune of $653 million in July, taking their total outflows in CY19 to $2.8 billion, EPFR data compiled by Kotak Institutional Equities shows.
Global emerging market (GEM) funds also saw outflows to the tune of $275 million, paring the 2019 inflows by these funds to about $1 billion. Outflows from India-dedicated GEM and other categories of funds from India totalled nearly $1 billion in July.
Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year to $44.2 billion. In comparison, AUM of GEMs have slid only marginally
