But since then, the AUM share has been steadily declining. There are 604 registered foreign investors domiciled in Mauritius of the 11,259 total registered foreign investors in India, according to NSDL data.
Synopsis
The share of funds domiciled in Mauritius in the total FPI equity assets under management (AUM) dropped to 5.61% in March 2024 compared with 14.53% five years ago, the data from NSDL showed. Consequently, Mauritius-based funds become the fourth largest investor by geography after the US(41.7%), Singapore (7.64%), and Luxembourg (7.15%).
ET Intelligence Group: A persistent decline in the share of funds domiciled in Mauritius in the overall foreign fund equity exposure over the past decade may limit choppiness in the Indian markets due to the amendment in the double taxation treaty with the Indian Ocean archipelago nation.The share of funds domiciled in Mauritius in the total FPI equity assets under management (AUM) dropped to 5.61% in March 2024 compared with 14.53% five years
BY
ET Bureau
3 mins read, Last Updated:
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