India-focussed offshore funds and ETFs witnessed a net outflow of USD 1.4 billion (over Rs 9,900 crore) in July-September period of this year, making it the sixth consecutive quarter of withdrawal, a report has said.
India-focussed offshore funds and exchange traded funds (ETFs) are a subset of the overall foreign portfolio investor (FPI) flows. Of the total outflows during the quarter under review, USD 1 billion was from India-focussed offshore funds, while USD 321 million was from India-focussed offshore ETFs, Morningstar Offshore Fund Spy report said.