India-focused offshore funds, ETFs see $1.5 bn outflows in June quarter

India-focused offshore fund and ETF as a category continued to witness net outflows. During the quarter ended June, the category witnessed a net outflow of $1.5 billion, which was sharply higher than the net outflow of $376 million seen in the previous quarter. This was the thirteenth consecutive quarter of net outflows for the category.

India-focused offshore funds have seen net outflows for 13 straight quarters, amounting to $1.7 billion till the quarter ended June 2021. However, India-focused offshore ETFs saw inflows for the third straight quarter, with net inflows of $153 million during the quarter ended June, lower than