Investors in Indian equity funds held tight and even bought more last month, seemingly unfazed by the selloff triggered by a tumbling currency and a crisis at a troubled lender.
Stock funds took in Rs 111 billion ($1.5 billion) in September, the most since May, up from Rs 83 billion in August, data from the Association of Mutual Funds in India show.
Indian equities -- Asia’s top performers until recently -- sank into a correction last week amid a flurry of bad news, from surging oil prices and a slumping rupee to a rout in non-bank lenders following defaults at