Investments in the Indian capital market through participatory notes increased by nearly Rs 1,400 crore to Rs 82,619 crore till May-end, a gain of 1.72 per cent over the previous month.
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.
As per latest data by the Securities and Exchange Board of India (Sebi), the total value of P-note investments in the Indian markets — equity, debt, and derivatives — rose to Rs 82,619 crore till May-end, from Rs 81,220 crore at April-end.
Of the total investments, P-note holdings in equities stood at Rs 61,574 crore, followed by debt (Rs 19,681 crore) and derivatives (Rs 193 crore).
Investment through P-notes has been on the rise for the previous three months.
