Logo


Global investors pull out $4-bn from India-focused funds

Investors from across the world pulled out as much as $4 billion during 2011 from equity funds focused on Indian markets, amid concerns of high fiscal deficit and spiralling inflation. India-focused equity funds was the worst performer among BRIC (Brazil, Russia, India and China) markets and witnessed an outflow of $4.08 billion in 2011, as compared to an inflow of $1.35 billion in 2010, according to data complied by the international fund tracking firm EPFR Global. As per market experts, investors in India funds were mainly worried about high fiscal deficit, inflationary pressures and ...