New Delhi: Investments through participatory notes (P-notes) in the Indian capital market stood at Rs 79,088 crore in August-end, registering the third consecutive month-on-month decline.
Investments through P-notes has been declining since June, while the month of May had registered an increase over the previous month.
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly after going through a due diligence process.
According to the latest data from the Securities and Exchange Board of India (Sebi), the cumulative value of P-note investments in the domestic markets -- equity, debt, and derivatives -- fell to Rs 79,088 crore till August-end from Rs 81,082 crore in July-end.
In June-end, the investment was at Rs 81,913 crore, while it was at Rs 82,619 crore at the end of May and Rs 81,220 crore in April-end.
Out of the total investments made till the end of August, Rs 52,150 crore was invested in the equities segment, Rs 26,259 crore in debt and Rs 678 crore in the derivatives market.