India-focused mutual funds see seventh straight week of outflows amid $175 m redemption

India-equity mutual funds recorded a seventh straight week of net outflows, pulling around USD 175 million for the week ending October 24. Large-cap long-only funds led the redemptions, while mid- and small-cap funds also saw significant withdrawals. Japan-domiciled India funds remained particularly under pressure, registering about USD 740 million of outflows over 14 consecutive weeks. By contrast, gold and commodity funds are attracting strong inflows, indicating a risk-off sentiment among global investors rather than a broad de-risking of India.