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Offshore India funds, ETFs witness $1-bn inflows in July-Sept

India-focused offshore funds and exchange-traded funds (ETFs) registered a net inflow of over $1 billion in July-September 2014, signalling growing interest by foreign investors in the country’s growth story.

According to a report by mutual fund tracker Morningstar: ‘India-focused offshore funds and ETFs registered a net inflow of $1.18 billion for the third quarter of the calendar year 2014.’

This is the second successive quarter of inflows into India-focused funds after eight straight quarters of outflow ‘which indicates the growing interest by foreign investors in the India story.’

Of this, India-focused mutual funds registered inflow of $678 million, while ETFs posted $505 million of inflow.

Agencies

Agencies

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