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India-focused offshore funds, ETFs see $1.5-billion outflow in Q1

These funds saw a net outflow of $1.5 billion, as against net outflow of $5 billion seen in the previous quarter

ETFs, ETF, funds, mutual funds
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This was the ninth-consecutive quarter of net outflows for the category

Jash Kriplani
India-focused offshore funds and exchange-traded funds (ETFs) continued to see net outflow in the June quarter (Q1). 

These funds saw a net outflow of $1.5 billion, as against net outflow of $5 billion seen in the previous quarter, according to a report released by Morningstar. 

This was the ninth-consecutive quarter of net outflows for the category. 

While India-focused offshore funds witnessed net outflows of $698 million through the quarter, India-focused offshore ETFs witnessed a net outflows of $776 million. Recovery in equity markets in Q1 improved the asset base for these funds. 

As of June, assets stood at $33.8 billion,

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First Published: Aug 21 2020 | 6:03 AM IST

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