New Delhi: Investments through participatory notes (P-notes) in the domestic capital market rose to Rs 60,027 crore till May-end, making it the second consecutive monthly increase.
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 60,027 crore until May, while the same was at Rs 57,100 crore at the end of April.
The investment level had fallen to an over 15-year-low of 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.