P-Note investments surge to Rs 1.31L cr
image for illustrative purpose
New Delhi: Investments through participatory notes in the Indian capital markets jumped to Rs 1.31 lakh crore by the end of November, bouncing back from a decline in the previous month, owing to the robust performance of the domestic market.
Before registering a decline in October, investments through P-notes have been increasing continuously since March, following the stable Indian economy against an uncertain global macro backdrop. The latest data includes the value of participatory note investments in Indian equity, debt, and hybrid securities.
Participatory notes (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.
