ETFs tracking Indian Large Cap Stocks Indices experienced a negative daily performance on Wednesday the 28th, -1,03%. This follows the decision of the Indian Central Bank handing Modi’s government $24,8Bn in ‘surplus capital’.
Some say that the central bank is losing its autonomy and this could have consequences on the economy in the medium to long term. With that being said, over the last 30 days, $+90,68M were injected via the primary market into the Indian Large Cap Stocks segment despite a -5,70% cumulated performance over the same period. Since the beginning of the year, the segment has collected $+640,70M with a flat performance of +1,04%. 41 funds are included in the segment replicating the performance of 14 Indices for a total of $4,06Bn of assets under management.