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  • Investment through P-notes rises to Rs 79247 crore in November

    Published on December 26, 2018

    Investments in the Indian capital market through participatory notes climbed to Rs 79,247 crore in November after hitting a nine-and-a-half year low at the end of October.

    P-notes are issued by registered foreign portfolio investors 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 SEBI data, the total value of P-note investments in Indian markets – equity, debt, and derivatives – rose to 79,247 crore rupees till November-end, from 66,587 crore rupees at October-end.

    As per the data, the fund inflow through P-notes in October this year was the lowest since March 2009, when the cumulative value of such investments stood at 69,445 crore rupees.

    Of the total investments made last month, P-note holdings in equities were at 62,971 crore rupees, while the remaining was in debt and derivatives markets. The quantum of foreign portfolio investors investments via P-notes rose to 2.5 per cent, month-on-month, in November.