<p class="bodytext">India-focused offshore funds as well as Exchange Traded Funds (ETFs) witnessed a net inflow of $1.1 billion (over Rs 7,100 crore) in January, making it the highest inflow in 10 months, according to a report by Morningstar.</p>.<p class="bodytext">This comes following an inflow of $6.5 billion in these funds in 2017.</p>.<p class="bodytext">Offshore India funds not domiciled in the country receive flow from overseas investors and in turn, invest the money in Indian markets. India-focused offshore funds and ETFs are a subset of the overall Foreign Portfolio Investor (FPI) flows.</p>.<p class="bodytext">According to the report, India-focused offshore funds have seen an investment of $876 million in January, while ETFs witnessed an infusion of $224 million, translating into a total of $1.1 billion.</p>.<p class="bodytext">This also marked the highest investment since March 2017, when such funds had received net inflow to the tune of $1.2 billion.</p>.<p class="bodytext">Generally, investment through India-focused offshore funds are long-term in nature while that of ETFs are for short term.</p>.<p class="bodytext">"Despite challenges, India-focused offshore funds continued to receive net inflows throughout 2017; whereas outflows have typically happened from India-focused offshore ETFs," Morningstar India Senior Analyst Manager Research Himanshu Srivastava said.</p>.<p class="bodytext">"The current trends are more of a short-term disruption rather than long-term structural changes. So, I am inclined to believe that the trend in India-focused offshore funds and ETFs will not be very different from what we have observed in the past," he added.</p>.<p class="CrossHead">Rupee ends higher</p>.<p class="bodytext">Meanwhile, the rupee on Monday managed to end higher by 5 paise at 65.12, against the US dollar on fresh bouts of dollar selling by banks and importers amid growing trade war concerns.</p>
<p class="bodytext">India-focused offshore funds as well as Exchange Traded Funds (ETFs) witnessed a net inflow of $1.1 billion (over Rs 7,100 crore) in January, making it the highest inflow in 10 months, according to a report by Morningstar.</p>.<p class="bodytext">This comes following an inflow of $6.5 billion in these funds in 2017.</p>.<p class="bodytext">Offshore India funds not domiciled in the country receive flow from overseas investors and in turn, invest the money in Indian markets. India-focused offshore funds and ETFs are a subset of the overall Foreign Portfolio Investor (FPI) flows.</p>.<p class="bodytext">According to the report, India-focused offshore funds have seen an investment of $876 million in January, while ETFs witnessed an infusion of $224 million, translating into a total of $1.1 billion.</p>.<p class="bodytext">This also marked the highest investment since March 2017, when such funds had received net inflow to the tune of $1.2 billion.</p>.<p class="bodytext">Generally, investment through India-focused offshore funds are long-term in nature while that of ETFs are for short term.</p>.<p class="bodytext">"Despite challenges, India-focused offshore funds continued to receive net inflows throughout 2017; whereas outflows have typically happened from India-focused offshore ETFs," Morningstar India Senior Analyst Manager Research Himanshu Srivastava said.</p>.<p class="bodytext">"The current trends are more of a short-term disruption rather than long-term structural changes. So, I am inclined to believe that the trend in India-focused offshore funds and ETFs will not be very different from what we have observed in the past," he added.</p>.<p class="CrossHead">Rupee ends higher</p>.<p class="bodytext">Meanwhile, the rupee on Monday managed to end higher by 5 paise at 65.12, against the US dollar on fresh bouts of dollar selling by banks and importers amid growing trade war concerns.</p>