The bulk of withdrawals came from US- and Luxembourg-domiciled Indian open-ended equity funds and ETFs, which recorded outflows of ₹18,020 crore and ₹13,400 crore, respectively, Morningstar estimates showed. France- and Japan-based Indian equity funds and ETFs also saw outflows of ₹2,794.04 crore and ₹2,569.86 crore, respectively.
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