Cameron Brandt, Director of Research at EPFR Global says dedicated India equity funds have proved to be extremely resilient and are still seeing inflows even though Global Emerging Market (GEM) funds appear hesitant to invest.
Indian markets have been worried about the drying up of foreign fund inflows despite easing concerns about elections and policy continuity.
Monthly FPI/FII Net Investments
Source: CDSL
In an interview with CNBC-TV18, Brandt said there is significant interest in mutual fund exchange-traded fund (ETF) directed at emerging Asia, especially India.
“The redemptions from GEM funds are frankly not big enough to offset the money we are seeing going into dedicated India funds, which set a new weekly record last week,” he said.
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India's Lok Sabha election results have been received well, he said, adding that “There was a genuine worry that if Modi got a supermajority, the longer-term investment outlook would have been worse than the sort of more restrained mandate that he did come away with.”
Also Read: CLSA predicts enhanced support for rural sector under new government
For the entire interview, watch the accompanying video
Catch all the latest updates from the stock market here
Indian markets have been worried about the drying up of foreign fund inflows despite easing concerns about elections and policy continuity.
Monthly FPI/FII Net Investments
| Calendar year 2024 | Equity (Rs Cr) |
| January | -25743.55 |
| February | 1538.88 |
| March | 35098.32 |
| April | -8671.27 |
| May | -25586.33 |
| June | -6570.53 |
| Total | -29934.48 |
Source: CDSL
In an interview with CNBC-TV18, Brandt said there is significant interest in mutual fund exchange-traded fund (ETF) directed at emerging Asia, especially India.
“The redemptions from GEM funds are frankly not big enough to offset the money we are seeing going into dedicated India funds, which set a new weekly record last week,” he said.
Also Read: How is gold reacting ahead of US Fed meeting
India's Lok Sabha election results have been received well, he said, adding that “There was a genuine worry that if Modi got a supermajority, the longer-term investment outlook would have been worse than the sort of more restrained mandate that he did come away with.”
Also Read: CLSA predicts enhanced support for rural sector under new government
For the entire interview, watch the accompanying video
Catch all the latest updates from the stock market here
(Edited by : Shweta Mungre)
First Published: Jun 12, 2024 2:41 PM IST
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