India-dedicated funds pulled out $9.1 billion until November, shows data

India-dedicated funds saw outflows to the tune of $317 million in November, taking total outflows in CY20 until then to $9.1 billion, the EPFR data compiled by Kotak Institutional Equities showed.

Global emerging market (GEM) funds saw inflows of $718 million, paring the CY20 outflows of such funds to about $1.9 billion. Inflows from India-dedicated, GEM, and other categories of funds in November totalled $1.2 billion and $10.4 billion in CY20. Assets under management (AUM) of India-dedicated funds have slid 20 per cent in the year to November to $35.2 billion. AUM of GEMs have surged 20 per cent to $97.9