Categories: Business

India focused offshore funds, ETF see $ 1.5 bn outflow in June quarter

Photo: GOOGLE

India focused offshore funds, ETF see $ 1.5 bn outflow in June quarter

new Delhi. Net withdrawals of $ 1.5 billion were made in the June quarter from India focused offshore funds and exchange trading funds (ETFs). This was the ninth consecutive quarter when investors withdrew from these routes. According to a report by Morningstar, $ 698 million was withdrawn from India-focused foreign funds and $ 776 million from exchange trading funds. However, this is much lower than the withdrawals made in the March quarter. There was a net withdrawal of five billion dollars in the March quarter. Net withdrawals of $ 6.5 billion have been made in the first six months of this calendar year. At the same time, there was a net withdrawal of $ 5.9 billion in the full 12 months of the previous calendar year.

It is noteworthy that India-focused foreign funds and exchange trading funds are the main methods that foreign investors choose to invest in Indian stock markets. The flow of investment in India-focused foreign funds is generally considered long-term, while the flow of exchange trading funds is of relatively short duration. There has been continuous withdrawal from India-focused foreign funds and exchange trading funds since February 2018. Withdrawal of $ 14.5 billion from India-focused foreign funds and $ 4.2 billion from exchange trading funds from February 2018 to June 2020.

This post was published on August 21, 2020 9:03 am

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