Citywire - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

India equity: funds that lost the most money in August

The analysis is based on global fund flows experienced by open-end funds available for sale globally.

In this gallery, we look at the five funds in the India equity sector with the largest net outflows in August.

The analysis is based on global fund flows experienced by open-end funds available for sale globally. All flow figures are in US dollars.

Source: Morningstar

Share this story

In this gallery, we look at the five funds in the India equity sector with the largest net outflows in August.

The analysis is based on global fund flows experienced by open-end funds available for sale globally. All flow figures are in US dollars.

Source: Morningstar

The BNP Paribas India equity fund suffered net redemptions of $22.4m this August. While its cumulative net outflows for the past three months stand at $52.3m, its twelve-month cumulative flows were recorded at a net positive of $46.6m.

The Aberdeen Standard Indian equity fund has been hit by a string of outflows since February 2017. Despite a brief reprieve in June this year where the fund saw $5.6m of net new money, outflows from the fund resumed in July.

As compared to the MSCI India NR USD index, the $1.1bn fund is most overweight (+6.6%) financial services and most underweight (-17.8%) energy.

The Amundi SBI FM India equity fund bled $38.7m in August. While the fund has been experiencing net outflows in recent months, it has been outperforming the sector average in terms of total returns in the past one month, three month, and one year ending August by 5.3%, 21.9%, and 1.5% respectively.

Investors removed $51.4m from the Franklin India fund this August. The fund has lost a cumulative $420.6m year-to-date. Its fund size stands at $1.1bn as of end August.

While the fund remains overweight (14.7%) to giant and large-cap as compared to its category average, it is underweight (-15.3%) giant and large-cap as compared to the MSCI India NR USD index.

The Pictet India index fund suffered its worst bout of outflows last month since its inception in July 2011. Investors removed $58.5m from the fund in August. Its fund size stands at $42.9m as of end August.

Share this story

dot
dot
Read More
dot