India has become a beacon in the global market as liquidity continues to pour into large-cap stocks. This exceptional resilience has set India apart, alongside Taiwan and Korea, as global fund managers increasingly allocate capital to select emerging markets, particularly through dedicated funds.

However, the broader picture in emerging markets isn't as rosy. In the past six weeks, emerging markets have seen negative trends, primarily due to redemptions from global emerging markets (GEM) funds, which have witnessed outflows of $7.6 billion.

Interestingly, India-focused funds have bucked the trend, attracting $3 billion in investments, even as India's midcap funds saw outflows for five consecutive weeks. Additionally, $3.2 billion flowed into Taiwan-focused funds, and $2.2 billion into Korea-dedicated funds, as reported by Elara Capital data.