India-dedicated funds see outflows of $3.9 billion in CY21, shows data

Despite this, the country received $6.2 billion worth of net EPFR foreign flows last year, of which 91% was through passive ETFs

India received $6.2 billion worth of net EPFR foreign flows last year, of which 91 per cent was through passive exchange-traded funds (ETFs). This was despite outflows from India-dedicated funds to the tune of $3.9 billion, the EPFR data compiled by Kotak Institutional Equities shows.

Global emerging market (GEM) funds put in $6.7 billion, while other EPFR funds pumped in $3.3 billion in CY21.

Despite the outflows, assets under management (AUM) of India-dedicated funds rose 16.4 per cent in the past year to $45.2 billion. In comparison, AUM of GEMs rose 35 per cent to $152.6 billion. The total AUM