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India-dedicated funds see outflows of $417 million in July

Flows from global emerging market funds into India amounted to $459 million, led by non-ETF inflows of $318 million, taking the total inflows in CY21 to $5.6 billion.

ETFs, ETF, funds, mutual funds
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Financials witnessed heavy selling in July, with outflows of $1.5 billion

Ashley Coutinho Mumbai
India-dedicated funds saw outflows of $417 million in July, led by non-ETF outflows of $365 million, taking the total outflows in the category to $2.5 billion in CY21, the EPFR data compiled by Kotak Institutional Equities shows.

Flows from global emerging market (GEM) funds into India amounted to $459 million, led by non-ETF inflows of $318 million, taking the total inflows in CY21 to $5.6 billion.

Inflows from India-dedicated, GEM, and other categories of funds into India totalled $6.1 billion in CY21. 

Assets under management (AUM) of India-dedicated funds have risen 9.6 per cent in the year to July to