Participatory Note investments fall to 41-month low of Rs 1.57 lakh crore in December
Investments in domestic capital markets through participatory notes (P-Notes) have plunged to 41-month low of Rs 1.57 lakh crore in December.
Market experts believe the trend is likely to continue as Sebi may further tighten the regulations governing P-Notes amid persisting concerns that this route is being used for illicit fund flows.
P-Notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to participate in Indian markets without registering themselves directly. But they still need to go through a proper due diligence process.