Overseas investments of Indian mutual funds (MF) declined 13.5 per cent year-on-year (Y-o-Y) to $5.6 billion in March 2023, primarily due to a decrease in equity holdings, the Reserve Bank of India (RBI) said in a report on Friday.
At the same time, the investment of foreign investors in Indian MFs increased by 1.6 per cent (in dollar terms) to $18.7 billion. As a result, the net foreign liabilities of MFs increased to $13 billion from $11.9 billion.
