Schemes of Indian asset management firms that invest abroad have failed to take off due to poor investor interest.
Assets under management of such schemes, which invest in global markets, have fallen by 30% in the two years to June 2016, according to data from ValueResearch, a mutual fund tracker. In the same period, total assets managed by Indian mutual funds rose 41.6%. The total assets managed under 41 such schemes is now Rs.2,567 crore, less than 1% of the total industry corpus of Rs.13.8 trillion.