P-notes Investment

Govt paves way for IFSC units to issue P-notes to foreign investors

With an aim to boost business activities in the international financial hub GIFT IFSC, the government in the Budget paved the way for IFSC units to issue participatory notes or offshore derivative instruments to foreign investors. Participatory notes (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. Till December 2022, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- was at Rs 96,292 crore, data with the Securities and Exchange Board of India (Sebi) showed. Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts" in order to enhance business activities in the Gujarat International Finance Tec-City (GIFT City). In line with the Budget's announcement, it is likely that ...

Investment via participatory notes rises to Rs 87,813 crore in September

Investment in the Indian capital markets through participatory notes rose to Rs 87,813 crore at the end of September, making it the second consecutive monthly increase, as the country witnesses the best growth and earnings among emerging markets. Participatory notes (P-notes) are issued by registered 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 Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 87,813 crore in September compared to Rs 84,810 crore in August. In comparison, investment through this route was Rs 75,725 crore in July-end, Rs 80,092 crore in June-end, Rs 86,706 crore in May-end and Rs 90,580 crore at the end of April. Of the total Rs 87,813 crore invested through the route till September 2022, Rs 79,418 crore was invested in ..

P-notes investment climbs to 33-month high at Rs 91,658 crore in Feb

Investments through participatory notes in the capital market rose to Rs 91,658 crore at February-end, making it the highest level in 33 months, suggesting growing confidence of overseas investors

P-notes investment climbs to 31-month high of Rs 87,132 cr in December

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

P-notes investment surges to 14-month high of Rs 78,686 cr in October

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

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

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

P-notes investment in capital market climbs to Rs 62,138 cr till June

The figure at March-end was the lowest level of investment since October 2004, when the total value of P-note investments in the Indian markets stood at Rs 44,586 crore

Participatory note investment rises to over Rs 60,000 cr till May-end

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

Investments via P-notes hit 13-month low of Rs 69,670 cr at Nov-end

The investment at September-end stood at Rs 76,611 crore and then marginally rose to Rs 76,773 crore at October-end

Investments via P-notes rise to Rs 76,773 cr in Oct after 4-month decline

The total value of investments via P-notes in the Indian markets (including equity, debt, and derivatives) rose to Rs 76,773 crore till the end of October from Rs76,611 crore at September-end

Budget impact: FPIs may look at P-notes for making investments in India

The Centre ruled out a rollback of the "super-rich" tax on FPIs, organised as trusts or association of persons, last week

Investments through participatory notes decline to Rs 81,913 crore in June

In the previous four months, cumulative investment of Rs 73,428 crore was made till the end of February, Rs 78,110 crore till March-end, Rs 81,220 crore till April-end and Rs 82,619 till May-end

Investment in participatory notes rises to Rs 81,220 crore till April end

Out of the total investments made till April-end, Rs 58,820 cr was invested in the equities segment, Rs 21,542 cr in debt and Rs 123 cr in derivatives market

P-notes investment in Indian markets climbs to Rs 792 bn in November

The fund inflow through P-notes in October this year was the lowest since March 2009, when the cumulative value of such investments stood at Rs 694.45 billion

P-notes investments continue to drop; hit new low of Rs 665.87 bn till Oct

As per the data, the fund inflow through P-notes in October was the lowest since March 2009

Investment in P-notes plunges to more than 9-year low of Rs 836.88 bn

This is the lowest level since April 2009 when the cumulative value of such investments stood at Rs 723.14 billion

Investments in P-notes surge to 6-month high of over Rs 1.5 trillion in Dec

According to Sebi data, the total value of P-note investments in Indian markets increased to Rs 1.52 trillion at December-end from Rs 1.28 trillion at the end of November