India-focussed offshore funds, ETFs mop up $2.6 billion in Q1

Combined assets grew 10.2% to $55.2 bn, boosted by robust inflows and rally in Indian equities

India-focussed offshore funds and exchange-traded funds (ETFs) continued to receive robust flows during the June quarter (Q1), with inflows of $2.6 billion, higher than the $2 billion received in the previous quarter. The total assets of the 10 largest India-focussed offshore funds and ETFs grew 7.5 per cent to $27.3 billion. Two Japan-domiciled funds mopped up $1.2 billion of the inflows, the most within the category. 

In the six months to June, the category received net inflows of $4.6 billion compared with net outflows of $2.3 billion in Q1 of FY17, according to a note put out by fund tracker