New Delhi: Investments in Indian markets (equity, debt and derivatives) through participatory notes (P-Notes) increased to Rs 1.48 trillion (US$ 23.74 billion) at the end of July 2013, according to the data released by Securities and Exchange Board of India (SEBI).
P-Notes allows high networth individuals (HNI), hedge funds and other foreign institutions to invest in Indian markets through registered foreign institutional investors (FII), while saving on time and costs associated with direct registrations.
The FIIs investments through P-Notes registered a growth of 11.45 per cent in July 2013 as compared to 10.93 per cent in June 2013.
The value of P-Notes issue
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