 "ETFs, ETF, funds, mutual funds")
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,
