In this paper we first investigate the Ansatz of one of the present authors for K(Ψ,Ψ), the adimensional modular invariant non-holomorphic correction to the Wilsonian effective Lagrangian of an N = 2 globally supersymmetric gauge theory. The renormalisation group β-function of the theory crucially allows us to express K(Ψ,Ψ) in a form that easily generalises to the case in which the theory is coupled to N F hypermultiplets in the fundamental representation of the gauge group. This function satisfies an equation which should be viewed as a fully non-perturbative "non-chiral superconformal Ward identity". We also determine its renormalisation group equation. Furthermore, as a first step towards checking the validity of this Ansatz, we compute the contribution to K(Ψ,Ψ) from instantons of winding number k = 1 and k = 2. As a by-product of our analysis we check a non-renormalisation theorem for N F = 4.