You are here: Home » Markets ยป News
SAT sets aside Rs 624 cr disgorgement case against NSE, former top brass
icon-arrow-left
Business Standard

Investment in capital mkts via P-notes drops to Rs 96,292 cr in Dec: Sebi

Investment via P-notes normally moves in line with FPI investment

Topics
Capital markets | SEBI | p notes

Press Trust of India  |  New Delhi 



Cash, tax, p notes
Of the total Rs 96,292 crore invested through this route till December 2022, Rs 86,351 crore was invested in equities, Rs 9,855 crore in debt, and Rs 86 crore in hybrid securities

Investment in the Indian through slightly dropped to Rs 96,292 crore at the end of December 2022 from the preceding month on higher valuation of domestic .

Before the decline, the investment through the route had been on an increasing trend since July because of a slump in prices of oil and other commodities and relative outperformance of Indian equity .

(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, the value of P-note investments in Indian markets --- equity, debt, and hybrid securities -- stood at Rs 96,292 crore at December-end, as compared to Rs 99,315 crore at the end of November.

The investment level through the route was at Rs 97,784 crore at October-end, Rs 88,813 crore at September-end, Rs 84,810 crore at August-end, Rs 75,725 crore at the end of July. It was at Rs 80,092 crore at the end of June.

Investment via P-notes normally moves in line with . When there is a global risk to the environment, investment through P-notes increases and vice-versa.

"FPIs are finding Indian markets as expensive compared to other emerging markets and ours is probably the only market where they would have made profits last year. This would be a good time for them to book profits and look for cheaper valuations elsewhere. As FPIs start taking out money, a similar trend will be observed with the P-Notes, though the outflow might not be that significant," JARVIS Invest Founder and CEO Sumit Chanda said.

Of the total Rs 96,292 crore invested through this route till December 2022, Rs 86,351 crore was invested in equities, Rs 9,855 crore in debt, and Rs 86 crore in hybrid securities.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, January 23 2023. 17:43 IST

RECOMMENDED FOR YOU

.