 "Even though the equity market was opened up for foreign investors immediately after the early 1990s, the norms for foreign investment in debt were released in 1995 and in 1997, Rs 29 crore trickled in")
India-dedicated funds saw outflows to the tune of $375 million in August, taking their year-to-date outflows to $3.2 billion, an EPFR data compiled by Kotak Institutional Equities shows.
Global emerging market (GEM) funds saw outflows to the tune of $868 million, paring the 2019 inflows by these funds to about $181 million. Outflows from India-dedicated, GEM and other categories of funds totalled nearly $1.5 billion in August.
Assets under management (AUM) of India-dedicated funds have slid 22 per cent in the past year to $42.3 billion. In comparison, AUM of GEMs have slid only marginally by 0.5 per cent to $75.7 billion.
EPFR
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