
Listed emerging market fund flows were negative for most countries in March except for China which witnessed inflows of $753 million
India witnessed outflows of $605 million in March, led by non-ETF outflows of $1.2 billion, latest data from Kotak Institutional Equities tracking EPFR fund flows shows. This takes the total outflows in the last six months to over $8 billion.
India-dedicated funds witnessed outflows of $39 million, led by non-ETF outflows of $71 million. GEM funds saw $371 million of outflows, led by non-ETF outflows of $707 million.

Listed emerging market fund flows were negative for most countries in March except for China which witnessed inflows of $753 million. Taiwan and South Korea witnessed outflows of $1.4 billion and $665 million, respectively.
The EPFR fund flow data primarily tracks mutual funds, ETFs, closed-end funds and variable annuity funds and insurance-linked funds. It does not include investments from hedge funds, proprietary desks, and sovereign wealth funds, which are tracked by NSDL.
Published on May 5, 2025