Page 4 - Latest Updates on FPI
Wilmington Trust pays Rs 64.35 lakh to settle FPI norms violation case
Sebi also found that Wilmington Trust Collective Investment Trust made fresh purchases before the completion of additional KYC requirements without holding a valid registration certificate
 "Wilmington Trust pays Rs 64.35 lakh to settle FPI norms violation case")
Emerging India Focus Funds settles FPI norms violation case with Sebi
According to Sebi's settlement order, there were several alleged violations of the FPI regulations and intermediary regulations
 "Emerging India Focus Funds settles FPI norms violation case with Sebi")
FPI selloff hits Rs 28,677 cr in Nov amid rising US yields, strong dollar
No immediate relief expected amid shrinking US-India bond yield spread, subdued earnings
 "FPI selloff hits Rs 28,677 cr in Nov amid rising US yields, strong dollar")
FPI-FDI transition to give overseas funds more elbow room, say experts
Move to open the door for higher exposure in startups, mid-size firms
 "FPI-FDI transition to give overseas funds more elbow room, say experts")
Sebi takes up review of custodian norms, proposes steps to ease operations
Proposes to raise net worth criteria for the first time in nearly three decades
Rupee hits fresh low of 84.39 against the US dollar amid FII selloff
Avoids sharp depreciation on RBI's intervention
 "Rupee hits fresh low of 84.39 against the US dollar amid FII selloff")
RBI issues operational framework for reclassification of FPI to FDI
Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis
 "RBI issues operational framework for reclassification of FPI to FDI")
Losing their footing: FPI flows stumble on trail, edge closer to precipice
From peak of Rs 22K crore, the downward slope begins
 "Losing their footing: FPI flows stumble on trail, edge closer to precipice")
Monday mayhem: US poll uncertainty roils markets, Sensex falls 942 points
Benchmark indices nosedive 2% - most in a month - before recouping half the losses; FPI selling, earnings disappointment, elevated US yields also weigh
 "Monday mayhem: US poll uncertainty roils markets, Sensex falls 942 points")
Selling pressure: Several factors are driving FPIs out of Indian markets
The ongoing US elections have been a contributory factor to FPI selling through October and November. Apart from that, some FPIs are fence-sitting for outcome of the Federal Reserve meeting this week
 "Selling pressure: Several factors are driving FPIs out of Indian markets")
FPI selling tops $10 billion so far in October amid a shift to China
If trend holds, this will be first monthly outflows of over $10 bn
 "FPI selling tops $10 billion so far in October amid a shift to China")
Foreign portfolio investor exodus: Financial sector bears the brunt
The velocity of the selling was so high that barely any sector was spared. However, metals and utilities still managed marginal inflows
 "Foreign portfolio investor exodus: Financial sector bears the brunt")
Domestic markets drop 1% from day's high amid sustained FPI selling
Global headwinds and FPIs outflows outweighed the positive sentiment triggered by RBI signalling rate cut in its next meeting
 "Domestic markets drop 1% from day's high amid sustained FPI selling")
FPIs squeeze markets for a sixth day; Sensex ends 639 points lower
FPIs sold shares worth nearly Rs 8,300 crore, extending their month-to-date selling to almost Rs 40,000 crore
 "FPIs squeeze markets for a sixth day; Sensex ends 639 points lower")
Sebi sets up foreign portfolio investors outreach cell for assistance
The cell is tasked with providing guidance at the pre-application stage, including documentation and compliance processes, and offering support during the onboarding phase by resolving any operational
Sebi simplifies process of registration for certain FPI categories
In case of onboarding applicants belonging to certain categories, Sebi has proposed an abridged version of CAF having only those fields that are unique to such applicants should be used
FPIs pump over Rs 87,000 cr into domestic equities in September quarter
FPI flows had slumped in the first two quarters (March and June) of calendar 2024 after pumping Rs 53,036 crore in the December 2023 quarter
 "FPIs pump over Rs 87,000 cr into domestic equities in September quarter")
Higher limit in FPIs: NRI investments in Gift City off to a slow start
Industry participants note that while there is interest from NRIs and investors, some are reluctant to provide PAN and know-your-customer (KYC) details
 "Higher limit in FPIs: NRI investments in Gift City off to a slow start")
FPI investment in debt rebounds in September, FAR allocations lag
The investment in FAR securities had exceeded Rs 1 trillion on October 16, 2023
 "FPI investment in debt rebounds in September, FAR allocations lag")
Sebi levels playing field: FVCIs subject to same governance norms as FPIs
Mandates disclosure of beneficial ownership, allocates registration and monitoring responsibility to DDPs
 "Sebi levels playing field: FVCIs subject to same governance norms as FPIs")