Foreign investors pull $12 billion from India-focused funds

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Elara Capital found that nearly 60% of the roughly $20 billion that flowed into India-focused equity funds between March 2023 and October 2024 has been redeemed, totaling almost $12 billion in outflows. Investors withdrew about $9 billion in calendar year 2026 so far, split into $7 billion from long-only funds and $2 billion from ETFs, with Luxembourg, the United States and Japan recording the largest redemptions. Elara links the rotation to a global AI investment theme, while gold and US equity funds showed recent inflows and some regional buying resumed in Korea and Taiwan.

Investors redeemed almost $12 billion from India-focused funds.