Global investors have pulled out a huge chunk of amount over USD 480 million from India-focused funds in the month of October 2008, with as much as USD 120 million flowing out in the last week, amid the meltdown in the equity markets.

India-focused funds have witnessed the highest outflows among all the Asian funds in the last four weeks, followed by China funds, which saw redemptions of over USD 286 million, as per data compiled by global fund tracking firm EPFR.

India-focused country...