Despite record FII outflows from Indian equities since September 2024, Jefferies said India remains a consensus underweight among emerging market investors. Its analysis of 70 EM funds managing $320 billion showed 61% remain underweight India. Concerns over rich valuations versus growth and uncertainty around the AI/DRAM cycle may delay foreign inflows, though interest is shifting to hard-asset themes.
Jefferies warns that 70 large Emerging Market (EM) funds, managing $320 billion, are underweight India despite record FII outflows since September 2024. A majority, 61% of these funds, maintain this underweight position. Concerns over rich valuations and the AI/DRAM cycle may…
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