After seeing positive inflows, India-focused equity funds have posted their second weekly outflow, turning slightly negative, even as broader emerging market (EM) funds continued to attract foreign money for a seventh straight week. India-dedicated funds saw net redemptions of $18 million during the week ended July 11, entirely from long-only strategies, according to Elara Capital’ Global Liquidity Tracker. Exchange-traded funds (ETFs), on the other hand, remained in the green. This reversal marks only the second outflow since the sharp $2.3 billion surge in April 2025.