Waning Mauritius FPI flows may limit tax treaty change impact

April 15, 2024

The share of funds domiciled in Mauritius in the total FPI equity assets under management (AUM) dropped to 5.61% in March 2024 compared with 14.53% five years ago, the data from NSDL showed. Consequently, Mauritius-based funds become the fourth largest investor by geography after the US(41.7%), Singapore (7.64%), and Luxembourg (7.15%).

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