India-focused offshore equity funds and exchange traded funds (ETFs) witnessed net investment of USD 2.6 billion during April-June of 2017, the highest inflow in more than two years. According to the report, India-focused offshore equity funds registered net inflow of USD 2.1 billion, while India- focused offshore ETFs witnessed net inflows of USD 467 million, taking the total to USD 2.6 billion. This is the highest quarterly net inflow for the category after the first quarter of 2015, when it had received a net inflow of USD 5.6 billion. The robust inflows coupled with a rally in the equity markets expanded the asset base of the India-focused offshore equity funds and ETFs. Their combined assets rose to USD 55.2 billion as of June from USD 50.1 billion at the end of March.

Source: dna August 13, 2017 05:37 UTC