OCCRP-flagged funds see India exposure drop from $430 mn to zero in 6 years

Their investment manager says EIFF, and EMRF both fully compliant broad-based funds

The India exposure of the Emerging India Focus Fund (EIFF) and EM Resurgent Fund (EMRF) — the two funds mentioned in a report by the Organized Crime and Corruption Reporting Project (OCCRP), a network of investigative journalists — is estimated to have decreased from nearly half a billion US dollars over six years ago to zero at present.

Data from Capitaline shows that at its peak, EIFF held equity stakes ranging between 1.89 per cent and 3.39 per cent in four Adani Group companies — Adani Energy Solutions (formerly Adani Transmission), Adani Enterprises, Adani Ports and Special Economic Zone, and