Stricter norms make P-note investment fall to Rs 1.65 lakh crore in June
DSIJ Intelligence / 01 Aug 2017
Domestic market investments via participatory notes (P-notes) dropped to Rs 1.65 lakh crore in June amid strict norms enforced by Securities Exchange Board of India (SEBI) to restrain inflow of illicit funds.
Domestic market investments via participatory notes (P-notes) dropped to Rs 1.65 lakh crore in June amid strict norms enforced by Securities Exchange Board of India (SEBI) to restrain inflow of illicit funds.
According to the regulator SEBI’s data, the total value of P-note investments in Indian markets equity, debt and derivatives fell to Rs 1,65,241 crore at June-end.
At the end of May, it had hit a seven-month high of Rs 1,80,718 crore, the highest since October 2016 when the cumulative value of investments was at Rs 1,99,987 crore.
Out of the total investments in June, P-note held Rs 1.07 lakh crore in equities and the rest were in debt and derivatives markets.
The quantum of FPI investments through P-notes declined to 5.7% in June from 6.3% in the preceding month.
Before this month, SEBI had notified stricter P-note norms, stipulating a fee of USD 1,000 that would be levied on each instrument to check any misuse for channelising black money.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.