India-dedicated funds saw inflows to the tune of $192 million in March, paring total outflows in CY21 to $0.5 billion, the EPFR data compiled by Kotak Institutional Equities showed.
Global emerging market (GEM) funds saw inflows of $1.52 billion, taking the CY21 inflows of such funds to about $3.62 billion. Inflows from India-dedicated, GEM, and other categories of funds in March totalled $2.27 billion in March and $5.51 billion in CY20.
Assets under management (AUM) of India-dedicated funds have risen 5.7 per cent to $41.08 billion from $38.86 billion at the end of CY20. AUM of GEMs have surged 8