Except for September quarter, which had net inflows of $196 million, all other quarters had outflows. The year 2016 was the year of outflows for India-focused offshore funds and exchange traded funds (ETFs). After witnessing robust inflows of $2.5 billion in 2014 and $4.3 billion in 2015, the category saw net outflows of $2.5 billion in 2016. Except for the September quarter (net inflows of $196 million), all other quarters witnessed net outflows, data from Morningstar India shows. December saw ... Rediff.com, 2 weeks ago
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