India-focused equity funds recorded net outflows of about US$162 million in the most recent week, marking their eighth consecutive week of redemptions. Mid-cap dedicated funds saw deeper stress, with outflows reaching US$65 million, the largest since February 2025. Meanwhile, India-themed ETFs attracted US$98 million of inflows, highlighting a divergence where passive vehicles gained while active strategies faced withdrawals. Analysts attribute the trend to profit-booking, global rate uncertainty and a shift in allocations toward large-cap and index-centric exposures.