India's increased weightage on MSCI EM index yet to yield results

MSCI is the largest index provider globally; scores of ETFs track its indices

The increasing weightage in recent times of India in the MSCI Emerging Markets (EM) Index has not translated 

into additional flow of foreign money.

Foreign funds have been net sellers by little over Rs 29.61 billion (little over $0.4 billion at the current exchange rate) this year, though this is still better than many other EMs.

Currently, global exchange traded funds (ETFs) are on a selling spree across developing markets, with redemption and currency concerns. Falling EM currencies are a headwind for foreign investors.

Actively managed funds have also been bearish on India. Foreign portfolio investors' (FPIs') overweight position on India