 "funds")
India-dedicated funds saw inflows of $416 million in September, helping mitigate selling pressure from foreign portfolio investors (FPIs).
Conversely, funds investing in global emerging markets (GEMs) and other funds (which include those investing in Asia — excluding Japan and global markets) pulled out $1,274 million and $472 million, respectively.
The total outflows from funds tracked by EPFR Global, a data provider, stood at $1.33 billion. Such funds accounted for a bulk of selling pressure from overseas investors the domestic markets witnessed in September.
According to the National Securities Depository (NSDL), total foreign portfolio investor (FPI) outflows from the domestic market stood at a record $1.6 billion in June.
According to the National Securities Depository (NSDL), total foreign portfolio investor (FPI) outflows from the domestic market stood at a record $1.6 billion in June.
