New Delhi, July 11 -- Nearly 60 per cent of the foreign money that flowed into India-focused equity funds during the 2023-24 investment rally has now been withdrawn as global investors continue to shift capital towards artificial intelligence (AI)-linked opportunities, according to an Elara Capital research report.

The report said India-focused funds attracted nearly USD 20 billion between March 2023 and October 2024, but almost USD 12 billion of those inflows have since been redeemed.

"Almost 60% of inflows that India focused funds saw in 2023-24 period has been pulled out. Redemptions have accelerated since Jan'26 to fund the AI trade & momentum continues to remain weak," the report said.

According to the report, investors have withd...