The total assets of the 10 largest India-focussed offshore funds and ETFs swelled during the quarter ended June 2017 compared with the previous quarter.
It ended the June quarter at USD 27.3 billion compared with USD 25.4 billion in the previous quarter and USD 20.5 billion as of June 30, 2016, Morningstar said in a report.
Positive environment in the domestic markets kept sentiments in the Indian stock markets upbeat, leading almost all the major domestic stock market indexes to surge during the quarter, said the report.
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The S&P BSE Sensex Index moved up by 4.4 percent, although it was lower than the 11.2% appreciation it witnessed in the previous quarter (ended March 2017).
These funds constitute around half of the overall assets of the India-focussed offshore funds and ETF universe. For the June quarter, the list of the 10 largest India-focussed offshore funds and ETFs remained unchanged from the previous quarter.
IShares MSCI India retained its top spot as the largest India-focussed offshore fund and ETF during the quarter. Robust inflows helped the fund’s asset size to grow to USD 5.0 billion from USD 4.7 billion in the previous quarter.
The total assets of the 10 largest India-focussed offshore funds and ETFs swelled during the quarter ended June 2017 compared with the previous quarter.
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