New Delhi: Investments through participatory notes (P-notes) in the domestic capital market increased to Rs 57,100 crore as of April 30 after falling to over 15-year low at the end of the preceding month.
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 SEBI data, the value of P-note investments in Indian markets -- equity, debt, hybrid securities and derivatives -- stood at Rs 57,100 crore until April, while the same was at Rs 48,006 crore at the end of March.
The figure at March-end was the lowest level of investment since October 2004, when the total value of P-note investments in Indian markets stood at Rs 44,586 crore.
The lower figure in March comes amid significant volatility in broader markets on concerns over coronavirus-triggered recession.
Asianet.in/News Desk: Asianet Online