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India-focused funds' net inflows swell to 2-yr high at $2.6 bn in Apr-Jun
India-focused offshore equity funds and exchange traded funds (ETFs) witnessed net investment of $2.6 billion during April-June of 2017, the highest inflow in more than two years. As a result, FPIswere net buyers of Indian equities worth $0.37 billion in April, Himanshu Srivastava, senior analyst manager research atMorningstarsaid. According to the report, India-focused offshoreequity fundsregistered net inflow of $2.1 billion, while India- focused offshoreETFswitnessed net inflows of $467 million, taking the total to $2.6 billion.
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