Listed foreign funds bring in $1.3bn into the country
The Dollar Business Bureau There has been a record inflow of over $1.3 bn from foreign funds into India in month of August. This is primarily an infusion of strong capital into passive funds, reported Kotak Institutional Equities report. "Listed fund flows to India recorded USD 1.34 billion in August with strong inflows in passive funds at USD 845 million,” said the report. In comparison there has been $1.2 bn in July after 332 mn were withdrawn in June. Overall the country has seen an infusion of $545 million till date this year. Taiwan is the other country that attracted an inflow of $1 bn. The listed funds – ETF’s or passive exchange traded funds and active non-ETFs- generally attract large amounts of ...
