The Financial Express (Delhi Edition)
Listed foreign funds pump in $1.2 bn in July
India witnessed inflow of a staggering $1.2 billion from listed foreign funds in July after seeing an outflow of $332 million in the preceding month, says a report. Overall, the country has seen an outflow of $800 million this year. "Listed fund flows to India recorded inflows worth $1.2 billion in July...," said a Kotak Institutional Equities report. The listed funds -- passive exchange-traded funds (ETFs) and active non-ETFs -- generally account for a large part of foreign portfolio investor (FPI) activity in India. ETFs have seen higher inflows as compared to non-ETFs during the month under review.