India saw an inflow of USD 685 million from listed foreign funds in October, primarily driven by strong capital infusion in exchange-traded funds (ETFs), according to a report.
With this, the total inflow from listed foreign funds has reached USD 1.09 billion this year.
The listed funds -- passive exchange-traded funds (ETFs) and active non-ETFs -- generally account for a large part of foreign portfolio investor (FPI) activity in India.
ETFs saw higher inflows compared with non-ETFs during the month under review. Indian market witnessed inflow worth USD 406 million and USD 280 million in ETFs and non-ETFs segments, respectively.
The report, which offers a comprehensive view on fund flows of listed funds into India and other emerging markets, said that China saw inflows of USD 704 million from listed foreign funds during the same period.
Allocations to India and China constitute more than one-third of the average Asia (excluding Japan) fund's portfolio.
"Allocation to India by Asia (excluding-Japan) funds have increased to 13.9 per cent in October from 13.4 per cent in the previous month. Fund allocation to India by emerging market funds remained around 11 per cent in October," the report noted.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)