Nearly 14% of FII assets deployed in BSE 500 companies are towards NBFCs, which has a weightage of 9.7 per cent
"Consensus EPS growth for the MSCI India in FY20 is still close to 20 per cent and that could potentially decline by about 5 per cent"
Till valuations become cheap on an absolute basis and macro environment more stable, FII flows will remain volatile
Move to curb offshore trading of domestic indices could hurt foreign inflows into India
The Securities and Exchange Board of India (Sebi) plans checks and balances on overseas investors taking the 'private bank route' for investing in domestic markets.The move comes after several industry players expressed concerns that new route allowed by Sebi could be misused by investors like participatory notes (p-notes). Last week, Sebi - through a circular titled "Easing of access norms for investment by foreign portfolio investors - allowed clients of private banks to trade in the Indian equities without having to register with Sebi.While Sebi has only given an in-principle nod to the proposal, regulatory sources said a fine print of the framework will be released by Sebi in the next one month. "I want to assure that Sebi will put enough safeguards so that the route is not exploited. Only the banks which are ready to forgo their client confidentiality agreements will be allowed to use the route," said a Sebi official.It is also learnt that Sebi will keep the investment structure .
Interview with Akash Singhania, deputy chief investment officer, at DHFL Pramerica Asset Managers
$1 bn returns after foreign investors pulled out $10 bn between November and December
A surprise devaluation of the yuan by China had raised concerns over the health of world's second largest economy and triggered a massive global sell-off
The equity markets have seen healthy foreign inflow in the past six months, with some doubt now on whether the pace would be maintained
Around 27% of the 203 FIIs surveyed said they won't prefer direct access to the Indian markets over P-notes
Sharp flows come amid supportive liquidity action from US Federal Reserve and other central banks to boost economy
Listed companies have seen a decline in promoter and foreign portfolio investor (FPI) holdings during 2015-16