India Leads Asia Fund Flows in March as Foreigners Return: Chart

(Bloomberg) -- After foreign withdrawals in February that were the biggest in 15 months, the tide is turning again for Indian equities. Global funds have plowed about $2 billion into domestic shares, the highest overseas inflows among Asian markets, after pulling $1.96 billion last month, according to data compiled by Bloomberg. The decline in valuations from a decade-high and the improving outlook for earnings growth have drawn foreigners, said Manish Sonthalia, chief investment officer of portfolio management services at Motilal Oswal Asset Management Co.

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