But he said foreign funds were too often limited to research.
It would also apply to any foreign fund that had at least 14 American investors.
These too were intended to attract foreign funds and technology.
Nearly half that, $7.2 billion, went into global and other foreign funds, also a record.
Some analysts say the difference is even greater among the foreign funds.
The company has said that some rapid trading occurred in its foreign funds.
As time goes on, it will become a little more difficult to attract foreign funds.
So increases in investment are likely to depend on foreign funds.
And because India has a low savings rate, those foreign funds are crucial for its growth.
More global and foreign mutual funds are turning their sights on small companies.