P-note Investments

Investment in the Indian capital markets through participatory notes (P-notes) declined to Rs 80,092 crore till June-end, making it the lowest level in 20 months

Of the total investments made till the end of November, Rs 52,486 crore was invested in equities, Rs 11,415 crore in debt and Rs 636 crore in the derivatives segment

P-notes are issued by registered FPIs to overseas investors who wish to be part of the Indian stock market without registering themselves directly after going through a due diligence process

Of the total P-note investments made till March-end, Rs 56,288 crore was in equities, Rs 20,999 crore in debt and Rs 119 crore in derivatives markets

P-note investments were on a decline since June and hit over eight-year low in September

Sebi barred resident Indians, NRIs and their entities from investing through P-notes in April