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P-notes investment rises to Rs 60,027 crore at May-end

19 Jun 2020 Evaluate

Securities and Exchange Board of India (SEBI) in its latest data has showed that the share of foreign portfolio investments (FPIs) in domestic capital markets through participatory notes (P-notes) increased to Rs 60,027 crore at the end of May, making it the second consecutive monthly increase.

Of the total Rs 60,027 crore invested through the route till May, Rs 49,160 crore was invested in equities, Rs 10,606 crore in debt, Rs 159 crore in the derivatives segment and Rs 103 crore in hybrid securities. P-notes investment stood at Rs 57,100 crore, Rs 48,006 crore and 68,862 crore at the end of April 2020, March 2020 and February 2020, respectively.

The investment level had fallen to an over 15-year-low of Rs 48,006 crore at the end of March. The figure at March-end was the lowest level of investment since October 2004, when the total value of P-note investments in Indian markets stood at Rs 44,586 crore. The lower figure in March came amid significant volatility in broader markets on concerns over coronavirus-triggered recession.

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