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P-notes investment stand at Rs 97,744 crore till August-end
Sep-20-2021

Investment through participatory notes (P-notes) in the domestic capital market was at Rs 97,744 crore till August-end, and going forward the inflow is expected to remain positive for the rest of the year. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.

According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt and hybrid securities -- was at Rs 97,744 crore in August-end compared to Rs 85,799 crore in July-end. The figure for July has been revised by the regulator from Rs 1,01,798 crore posted earlier.

Prior to that, the investment level was at Rs 92,261 crore in June-end, Rs 89,743 crore in May-end, Rs 88,447 crore at April-end and Rs 89,100 crore in March-end. Of the total Rs 97,744 crore invested through the route till August, Rs 89,844 crore was invested in equities, Rs 7,586 crore in debt and Rs 315 crore in hybrid securities.

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