Diversified global, US and Europe funds saw biggest outflow: Cameron Brandt

Foreign portfolio investors pulled out Rs 62,000 crore from Indian equities in March

Foreign portfolio investors (FPIs) pulled out Rs 62,000 crore from Indian equities in March. This was the biggest monthly outflow, based on the National Securities Depository data available as far back as 2002. Cameron Brandt, director of research at EPFR Global, tells Puneet Wadhwa that sentiment towards India had started to sour before the Covid-19 pandemic began to dominate the investment climate. Edited excerpts:

How has the big money moved across geographies in the March, and especially in March 2020 quarter? What is the quantum of outflow from the developed markets and the emerging markets?

Before the coronavirus-triggered sell-off in