Markets regulator Sebi on Tuesday came out with guidelines for relocation of foreign funds to the International Financial Services Centre (IFSC)
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At the end of April, 13.5 per cent of FPIs' total equity investment was in the IT sector
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Previously, FPIs invested Rs 17,304 crore in March, Rs 23,663 crore in February and Rs 14,649 crore in January
Custodians want FPIs to provide ODI and DR details directly to depository instead of routing it through them
The reversal of buying trend came after FPIs invested Rs 17,304 crore in March, Rs 23,663 crore in February and Rs 14,649 crore in January
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Late last month, global banks, including Goldman Sachs, Morgan Stanley, Nomura, and Credit Suisse, were forced to sell more than $20 billion worth of shares through a series of block deals
FY21 net selling of Rs 1.27 trn is highest in a fiscal year
With its massive and successful vaccination programme, India is generally seen in better light when it comes to recovery from the coronavirus pandemic With its massive and successful vaccin
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Tax consultants and custodians are also putting heads together to standardise the kind of documents needed to be furnished by FPIs, which can be acceptable to all companies
During the past one year, some funds in this domain have generated returns of 38-42 per cent. In comparison, the Nifty and Nifty 100 indices have gained less than 34 per cent
In 2012, India had seen foreign portfolio investor (FPI) flows of Rs 1.3 trillion ($24.5 billion) and in 2013 about Rs 1.1 trillion ($20 billion)
Category-I licence implies lower compliance burden and investment restrictions, simplified KYC norms and documentation requirements
At present, the withholding tax provisions do not allow Indian companies to apply lower treaty rates while deducting tax at source (TDS) on dividends paid to FPIs
Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors
The increase comes on the back of Rs 1.42 trillion foreign capital flows into domestic stocks during the October-December 2020 period
This is up 123 basis points over September 2020, and comes on the back of Rs 1.42 trillion foreign capital flows into domestic stocks during October-December 2020