Investments via P-notes soar to ₹63,000 cr.
Investments through participatory notes (P-notes) in the domestic capital market soared to ₹63,288 crore till July-end, making it the fourth consecutive monthly rise.
P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.
According to SEBI data, the value of P-note investments in Indian markets — equity, debt, hybrid securities and derivatives — stood at ₹63,288 crore till July end, while such investments stood at ₹62,138 crore at the end of June.