India-focused offshore funds, ETFs see $986 million outflows

India-focussed offshore funds and Exchange Traded Funds (ETFs) witnessed a net outflow of USD 986 million in the three months ended December 2020, making it the eleventh consecutive quarter of withdrawals, according to a Morningstar report released on Tuesday. The quantum is much lower than USD 1.8 billion outflow witnessed during the quarter ended September.