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India-dedicated funds pull out $653 million in July, shows EPFR data

Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year

India-dedicated funds
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The overall allocation to India by Asia ex-Japan funds declined to 13.1%

Ashley Coutinho
India-dedicated funds saw outflows to the tune of $653 million in July, taking their total outflows in CY19 to $2.8 billion, EPFR data compiled by Kotak Institutional Equities shows.

Global emerging market (GEM) funds also saw outflows to the tune of $275 million, paring the 2019 inflows by these funds to about $1 billion. Outflows from India-dedicated GEM and other categories of funds from India totalled nearly $1 billion in July.

Assets under management (AUM) of India-dedicated funds have slid by about a fifth in the past year to $44.2 billion. In comparison, AUM of GEMs have slid only marginally

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