India-focussed offshore funds and exchange-traded funds (ETFs) continued to receive robust flows during the June quarter (Q1), with inflows of $2.6 billion, higher than the $2 billion received in the previous quarter. The total assets of the 10 largest India-focussed offshore funds and ETFs grew 7.5 per cent to $27.3 billion. Two Japan-domiciled funds mopped up $1.2 billion of the inflows, the most within the category.
Over 20% Return in 6 Months! Are Gold Mutual Funds The Right Investment Option?
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