Agencies
Synopsis
The drop in the share of tax haven countries was offset by the rising share of highly regulated nations such as the USA, UK, Norway and Japan. The share of USA domiciled funds rose to a record high of 42% in February compared with 38.8% a year ago and 35% five years ago.
2 mins read,
ET Intelligence Group: The funds domiciled in tax haven countries, especially Mauritius, are fleeting faster amid the redemption pressure by foreign portfolio investors (FPIs) who have pulled out about $11 billion (around Rs 85,913 crore) from Indian equities over the past 12 months. The share of funds domiciled in Mauritius in the equity assets under management (AUM) of FPIs dropped to a record low of 5.7% in February 2023, according to the
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