Investments via P-notes decline to Rs 81,913 cr in June

Investments through participatory notes (P-notes) in the Indian capital market slipped to Rs 81,913 crore in June after posting growth for the previous four months.

In the previous four months, cumulative investment of Rs 73,428 crore was made till the end of February, Rs 78,110 crore till March-end, Rs 81,220 crore till April-end and Rs 82,619 till May-end.

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 after going through a due diligence process.

According to the latest data from the Securities and Exchange Board of India (SEBI), the total value of P-note investments in the Indian markets -- equity, debt, and derivatives -- fell to Rs 81,913 crore till June-end.

Out of the total investments made till the end of June, Rs 56,664 crore was invested in the equities segment, Rs 24,428 crore in debt and Rs 821 crore in the derivatives market.

There is a decline of 0.85 per cent in the total value of P-notes investment from the previous month when the total investment stood at Rs 82,619 crore.