According to Kotak Institutional Shares tracker "flow of foreign funds," Flows in India continue to disappoint as China, Korea and Taiwan to attract the largest turnout in the last three months. "
At a time when the entry into India totaled $ 40 billion, China had witnessed as much as $ 1.3 billion, Brazil $ 484 million and Russia $ 365 million.
India witnessed an outflow of $ 371 million last month, while China registered an income of $ 45 million during the period.
The report also noted that one factor behind the declining trend in the allocations of India was to reduce the exposure of BRIC funds in the month of May.
BRIC funds reduced their exposure indigenous 14.6 percent to 12.9 percent in May.
The report said China and Brazil are gaining at the expense of India.
Last month, when funds reduced exposure BRIC India 1.7 percent, which increased their exposure to China, 2 percent and exposure in Brazil 1.3 percent.
Meanwhile, the ten largest funds dedicated India have witnessed a cumulative flow of $ 285 million over the past four weeks.
Your Aums have fallen around 14 percent in the last three months, the report said, adding that "taking into account changes in net asset value, which have underperformed the market in general."
There are 1. 288 dedicated emerging market funds that are managing $ 708 billion cumulative net assets. Asia (excluding Japan) has 574 of these funds managing $ 238 billion AUM, the Global Emerging Market total funds dedicated to 335 (management of $ 363 billion AUM) and dedicated India-67 with a net cumulative $ 27 billion.
