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  • News From Press India-focussed offshore funds, ETFs see withdrawal of $1.4 billion in July-Sept

    India-focussed offshore funds, ETFs see withdrawal of $1.4 billion in July-Sept

    Source: The Economic Times Nov 20, 2019

    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.

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