Buoyant market spurs FPI registrations; number crosses 10K for first time

December saw more than 100 registrations after seven months

New registrations of foreign portfolio investors (FPIs) saw an uptick in December as buoyant market conditions have spurred the setting up of funds focused on India and emerging markets.

The month saw more than 100 registrations after seven months. The number of FPIs crossed the 10,000 mark for the first time, the data from NSDL and PRIME Database shows. The Securities and Exchange Board of India (Sebi) data puts the number at 10,656, including deemed FPIs.

Investors registered as foreign institutional investors (FIIs) and their sub-accounts under the older regulatory regime were deemed FPIs when the rules changed.

Equities in India saw record