http://economictimes.indiatimes.com/mf/mf-news/india-only-funds-see-biggest-foreign-outflows-in-over-five-years/articleshow/36108080.cms
India-only Funds saw a net $786 million in outflows last month, the highest since the global financial crisis, reflecting investors' preference for diversified funds rather than funds dedicated to one country, data from Thomson Reuters Lipper showed.
Foreign investors invested a net of $8.8 billion in Indian shares so far this year, adding to their $20.1 billion in purchases last year.
India-only Funds saw a net $786 million in outflows last month, the highest since the global financial crisis, reflecting investors' preference for diversified funds rather than funds dedicated to one country, data from Thomson Reuters Lipper showed.
Foreign investors invested a net of $8.8 billion in Indian shares so far this year, adding to their $20.1 billion in purchases last year.
Overall, India has faced a lot of macro problems and investors are still reluctant to put their money into India-specific funds, so most of the money coming into India is through diversified funds.
All but one of the top 10 India funds posted outflows last month. Combined assets under management of offshore India-only funds has shrunk from $55 billion in 2009 to $33.9 billion at the end of last year.
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