HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Investment through P-notes rises to Rs 74,000 crore by August-end
Sep-18-2020

Investment in the Indian capital market through participatory notes (P-notes) climbed to over Rs 74,000 crore till August-end, making it the highest level in 10 months. This marks the fifth consecutive monthly rise in the investment through the route, also signaling at growing confidence of foreign portfolio investors (FPIs) in the local market.

According to Securities and Exchange Board of India (SEBI) data, the value of P-note investments in Indian markets--equity, debt, hybrid securities and derivatives--rose to Rs 74,027 crore till August-end from Rs 63,228 crore clocked by the end of July. The figure at August-end was the highest level of investment since October 2019, when the total value of P-note investments in the Indian markets stood at Rs 76,773 crore. The rise in FPI participation through P-notes shows their rise in confidence, since the 15-year lows of P-notes participation in March 2020. 

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.

  RELATED NEWS >>