 "Global Funds")
Even as foreign portfolio investor (FPI) investments into domestic equities have ebbed and flowed this year, India-dedicated global funds have proved to be a steady source of capital.
During the first three months of the calendar year 2024, they have helped channel $8.1 billion into the stock markets. Of this, $4.4 billion has come from exchange-traded funds (ETFs) and $3.7 billion from non-ETFs, according to an analysis done by Kotak Institutional Equities of global funds tracked by EPFR.
In March, India-dedicated funds contributed $2.3 billion of $4.2 billion in FPI flows into domestic stocks.
Global emerging market (EM) funds saw
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