NEW DELHI: India-focused offshore funds and exchange-traded funds (ETFs) have pumped in over USD 500 million in May, taking the total to USD 3.6 billion so far this year. <\/p>\n
An offshore India fund is one that is not domiciled in the country but invests primarily in its markets. <\/p>\n
According to a report by mutual fund tracker Morningstar, India-focused offshore funds have infused a net amount of USD 360 million last month, while that of ETFs poured in USD 140 million, during the same period. <\/p>\n
This comes following a total net inflow of USD 1.10 billion in April. <\/p>\n
In comparison, net inflow by Foreign Portfolio Investors (FPIs) in equities stood at USD 1.4 billion last month. <\/p>\n
\"The most prominent reason for the inflow is expectation from the government that it would speed up development and economic reforms in their last two years in office before going for elections in 2019. The government finalising GST rates and expectation that it will be rolled out on time in addition to forecasts of normal monsoon also led to positive sentiments,\" he added. <\/p>\n
So far in 2017, India focused offshore funds have pumped in USD 2.7 billion compared to USD 895 million by India focused offshore ETFs, the report noted. <\/p>\n
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Offshore India funds, ETFs pump in $500 million in May - Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW DELHI: India-focused offshore funds and exchange-traded funds (ETFs) have pumped in over USD 500 million in May, taking the total to USD 3.6 billion so far this year. An offshore India fund is one that is not domiciled in the country but invests primarily in its markets. According to a report by mutual fund tracker Morningstar, India-focused offshore funds have infused a net amount of USD 360 million last month, while that of ETFs poured in USD 140 million, during the same period. Continue reading