India-dedicated funds see outflows in March, shows EPFR data

India-dedicated funds saw outflows to the tune of $692 million in March, taking total outflows in CY22, so far, to $1.2 billion, shows the EPFR data compiled by Kotak Institutional Equities. Global emerging market (GEM) funds saw inflows worth $653 million, taking the CY22 inflows to about $2.6 billion. Assets under management (AUM) of India-dedicated funds have declined 7 per cent in the past three months to $42 billion. AUM of GEMs have declined 11 per cent to $136 billion. The EPFR fund-flow data primarily tracks mutual funds, ETFs, closed-end funds, variable annuity funds, and insurance-linked funds. It does not