The assets of the 10 largest India-focused offshore funds and ETFs declined 7 per cent during the quarter ended March 2022 to $20.3 billion. These funds account for almost 50 per cent of the India-focused offshore fund and ETFs category's assets, according to the quarterly Morningstar Offshore Fund Spy report.
India-focused offshore funds and ETF category saw net outflows of $1.28 billion, the 16th-consecutive quarter of net outflows.
