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

India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of $1.5 billion in three months ended June 2020, making it the ninth consecutive quarter of withdrawal, according to a Morningstar report.

This is much lower number than $5 billion outflow witnessed during the quarter ended March.

The total outflow from the category has reached to $6.5 billion so far in this calendar year (until June 2020), which is noticeably higher than the $5.9 billion outflow in the full 2019 calendar year.

It should be noted that India-focussed offshore funds and ETFs are some of the prominent investment vehicles