Over the last five weeks, a total of $575 million have been pulled out of India-dedicated funds, Elara Capital said. Out of the $575 million, a total of $360 million was redeemed from largecap funds, while $215 million was withdrawn from mid-cap funds.
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On the positive side there has been a good union budget (tax rates cut), easing actions by the central bank (rate cuts, liquidity boost, regulatory