India funds logged $1.8 bn outflows in four weeks, the sharpest in 8 months, as global investors reallocated to China, Hong Kong and South Korea amid shifting EM flows
The first quarter of fiscal-year 2023-24 saw 25 new fund offerings (NFO). Cumulatively they were able to garner INR 5,539 crores during their NFO period.
This is essential to combat the high inflation in cost of education
Those funds which performed the poorest are mainly in the gold, pharmaceutical, and IT categories