India-focussed offshore funds, ETFs see $5-bn outflow in March quarter

India-focussed offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of $5 billion in three months ended March 2020, making it the eighth consecutive quarter of withdrawal amid the pandemic, according to a Morningstar report.

In comparison, a net outflow of $2.1 billion was witnessed during the quarter ended December. Since the quarter ended June 2018, the category has lost $16.3 billion of net assets.

The two are some of the eminent investment vehicles through which foreign investors invest in Indian equity markets.

Of the