Inflows from P-notes continue to soar; climb to Rs 63,000 crore

Investments through participatory notes (P-notes) in the domestic capital market soared to Rs 63,288 crore till the end of July, making it the fourth consecutive monthly rise.

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 data from  the Securities Exchange Board of India, the value of P-note investments in Indian markets — equity, debt, hybrid securities and derivatives —stood at Rs 63,288 crore till the end of July, while the same was