Mumbai According to data from the Securities and Exchange Board of India (Sebi), a market regulator, investment through P-Notes has declined to Rs 69,821 crore by the end of September 2020 after March 2020. This includes shares, bonds, hybrid securities and derivatives.
Earlier in August, the investment through P-Notes reached a ten-month high of Rs 74,027 crore. At the same time, investment through P-Notes was Rs 63,228 crore in July, Rs 62,138 crore in June, Rs 60,027 crore in May and Rs 57,100 crore in April.
By the end of March, investment through P-Notes fell to a 15-year low of Rs 48,006 crore due to heavy market volatility amid the Kovid-19 crisis. However, out of the total investment of Rs 69,821 crore in September, Rs 59,314 crore was invested in shares. At the same time, Rs 10,240 crore was invested in the debt or bond market and Rs 267 crore in hybrid securities.
It is noteworthy that P-Notes are issued by registered foreign portfolio investors to investors who wish to invest in the Indian stock market without registration. For this they have to go through the process of capital checking.
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