BUSINESS
Investments in domestic capital markets via participatory notes (P-notes) have surprisingly surged to a seven-month high of Rs 1.81 lakh crore at the end of May despite stringent norms put in place by Sebi to curb inflow of illicit funds.
Investments in domestic capital markets via participatory notes (P-notes) have surprisingly surged to a seven-month high of Rs 1.81 lakh crore at the end of May despite stringent norms put in place by Sebi to curb inflow of illicit funds.
P-notes are issued by registered Foreign Portfolio Investors to overseas investors who wish to be a part of the Indian stock markets without registering themselves directly.
They however need to go through a proper due diligence process.
According to Sebi data, total value of P-note investments in Indian markets - equity, debt and derivatives - increased to Rs 1,80,718 crore at May-end after hitting a four-month low of Rs 1,68,545 crore at the end of April.
In May, investments through the route had touched the highest level since October last year, when the cumulative value of such investments stood at Rs 1,99,987 crore.
Of the total, P-note holdings in equities were at Rs 1.09 lakh crore at May-end and the remaining were in debt and derivatives markets.
However, the quantum of FPI investments via P-notes rose to 6.3 per cent in May from 6 per cent in the preceding month.
Last week, Sebi tightened P-note norms by levying a fee of USD 1,000 on each instrument and barred their issuance for speculative purposes to check any misuse for channelising black money.
At the same time, Sebi decided to relax the entry norms for foreign portfolio investors willing to invest directly in Indian markets rather than through participatory notes.
The new measures follow a slew of other steps taken by the regulator in the recent past.
Earlier in April, the regulator barred resident Indians, NRIs and entities owned by them from making investment through P-notes.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
Groom’s rejection of Rs 5 lakh dowry wins in-laws' praise: ‘If educated people don't...'
Tina Ambani redefines beauty in pastel pink lehenga at Aadar Jain-Alekha Advani's mehendi ceremony
‘It started happening to...’: Akshaye Khanna opens up about premature balding in 20s
'Me watching...': Tanmay Bhatt posts sarcastic video amid Ranveer Allahbadia controversy
Who is Rekha Gupta, the new Chief Minister of Delhi?
Rekha Gupta named Delhi Chief Minister, set to succeed Atishi
Amid affair rumours with Abhishek Bachchan, Nimrat Kaur says 'words fail me...'
NHAI clarifies on new FASTag rules, says customers can recharge...
Meet man, who topped IIT-JEE Advanced 2018 with AIR 1, now lives abroad, works at…
Man sues PVR, INOX for wasting time with 25-min ads, wins Rs...
Red Coral and Yellow Sapphire: A Powerful Combination or Not?
Ahead of annual salary hike, Narayana Murthy's Infosys offers lower...
Parthiv Patel's self deprecating humour wins hearts, he was asked about Virat Kohli, Rohit Sharma
Ramadan 2025 date: When will crescent moon sighting take place in India and Saudi Arabia?
Mamaearth co-founder Ghazal Alagh says every successful brand has one thing in common, it is...
Neo Ayurveda Resolves 20-Year Migraines and Normalizes TSH in Just 30 Days
After backlash, Netflix cuts Urvashi Rautela's role from Daaku Maharaaj? Here's what we know
Mukesh Ambani's popular brand enters quick e-commerce delivery in UAE, teams up with...
On the Epic 8th Anniversary, Lystloc Launches Advanced LystCRM Solution & Face Rec API
Meta CEO Mark Zuckerberg gets richer by Rs 118 crore after selling...; his net worth reaches Rs...
Nagaland Lottery Result February 19: Dear Cupid Wednesday lucky draw, check full list
Pak vs NZ, Champions Trophy 2025: Disaster for Pakistan? Fakhar Zaman is off the field in first over
Who was Milind Rege? Former Mumbai stalwart and selector who passed away at 76
Food vlogger, Chatori Rajani's 17-year-old son Taran Jain dies in road accident
Pak vs NZ Dream11 predictions: Check best picks for ICC Champions Trophy 2025's opening match
Varun Dhawan suffers injury, shares photo of deep cut on his finger: 'This one gets...'
Meet man, who joined NVIDIA in 1997, helped it become USD 3 trillion company amid US-China AI war
Asap Rocky found not guilty of shooting at former friend, Rihanna reacts: 'The glory belongs to...'
LIC Smart Pension Plan: Invest Rs 1 lakh and get Rs... every month on maturity, here's how
Influencer recreates Katrina Kaif's dialogue from Tees Maar Khan and it's absolutely on point
Future of Pilot Ejection: Martin-Baker's advanced technology comes to India
Meet Infosys co-founder Narayana Murthy, Sudha Murty's granddaughters, their famous parents are...
FWICE urges Maharashtra government to make Vicky Kaushal, Rashmika Mandanna's Chhaava tax-free
Priyanka Chopra gives major Rangeela vibes as she channels her 'inner Urmila Matondkar'
Jamie Lever mimicking Govinda's wife Sunita Ahuja will start your day with laughter
Watch: Priyanka Chopra lands in Mumbai days after brother’s wedding, helps a person on streets by…
'They have a lot more money': Trump questions USD 21 million fund for voter turnout in India
Bank Holiday Today: Banks to remain closed on February 19 in THIS state due to...