100% jump in FIIs registration: Sebi

Foreign Institutional Investors (FIIs) registered in India have doubled to 808 this year backed by highest level of regulatory standard and flawless risk management systems.

"Last year in December, there were 408 FIIs registered with Sebi. As of last week, the number has gone up to 808. The 100% growth shows the kind of interest among FIIs on Indian market," Sebi executive director, Pratip Kar said at the Indo-US summit here today.

FII inflows increased to $ 8.2 billion, so far this year, compard to an aggregate of $ 8.4 billion in 2004.

Interestingly, US-based fund managers contributed about 42% of the FII inflow to India last year this time, it is now at 29% of the total fund inflow.

"This shows that the investment demand from rest of the world has gone up considerably," Kar said, adding the potential is much more, which is yet to be exploited.

What attracts foreign investors to India, is its robust risk management system, highest level of corporate governance and disclosure norms on IPOs and other matters, Kar said.