Investment in P-notes rises to Rs 846.47 bn by August-end from Rs 803.41 bn Noor Arora
Investments in the Indian capital market through participatory notes climbed to Rs 846.47 billion till August-end, making it the first rise in such fund infusion in 10 months. Participatory notes (P-notes) are issued by registered foreign portfolio investors (FPIs) to overseas players who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through due diligence. According to the Securities Exchange Board of India (Sebi) data, total value of P-note investments in the Indian market - equity, debt, and derivatives - rose to Rs 846.47 billion till August-end from Rs 803.41 billion clocked by the end of July. Prior to this, an increase in investment was seen in October 2017, when the cumulative value of such fund infusion rose to Rs 1.31006 billion from Rs 1.22684 trillion in September-end.
ARTICLE SOURCE: BS