EPFR fund-flow data primarily tracks mutual funds, ETFs, closed-end funds, and variable annuity funds/insurance-linked funds. It does not include investments from hedge funds, proprietary desks and sovereign wealth funds, which are tracked by NSDL.
The Indian markets
slid about 4.8 per cent in July, as FPIs pulled out about $1.9 billion in the aftermath of the surcharge hike introduced in the Union Budget on July 5.
The overall allocation to India by Asia ex-Japan funds declined to 13.1 per cent in July from 13.4 per cent in June, while that by GEM funds declined to 9.5 per cent from 10 per cent in the previous month.
Almost all sectors witnessed selling in July. The Information technology and the financials sectors witnessed heavy selling, with outflows to the tune of $865 million and $827 billion, respectively. Utilities and telecommunication received marginal inflows.