P-Notes In­flow Drops to $31 bn

The Economic Times - - Markets & Finance -

In­vest­ments into In­dian shares through par­tic­i­pa­tory notes (P-Notes), a pre­ferred route for HNIs and hedge funds from abroad, slipped to .` 1.87 lakh crore (over $31 bil­lion) in April. Ac­cord­ing to the lat­est data, the to­tal value of P-Notes in­vest­ment in In­dian mar­kets (eq­uity, debt and de­riv­a­tives) de­clined to .` 1,87,486 crore at the end of April af­ter hit­ting nearly 3-year high of .` 2,07,639 crore in the pre­ced­ing month. P-Notes, mostly used by over­seas HNIs (high net worth in­di­vid­u­als), hedge funds and other for­eign in­sti­tu­tions, al­low them to in­vest in In­dian mar­kets through reg­is­tered For­eign In­sti­tu­tional In­vestors (FIIs), while sav­ing on time and costs as­so­ci­ated with di­rect reg­is­tra­tions.

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