India-focused funds, ETFs see four quarters of outflows; asset base swells

Regionally-diversified offshore funds and ETFs increase allocation to India, shows Morningstar report

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Illustration: Binay Sinha

India-focused offshore funds and exchange traded funds (ETFs) saw net outflows during the quarter ended September, the fourth consecutive quarter of net outflows for the category. Net outflows stood at $95 million, down sharply from the outflows of $1.5 billion seen in the previous quarter, according to Morningstar’s latest Offshore Fund Spy report. The surge in the Indian equity markets helped the asset base of India-focused offshore funds and ETFs soar over 11 per cent to $51.6 billion from the $46.3 billion in the previous quarter. The percentage allocation of these funds in ...