On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries.
Prior to this, overseas investors had invested Rs 23,663 crore in Indian markets in February and Rs 14,649 crore in January, on a net basis
The Income Tax department on Wednesday said that concessional rate of tax of 5 per cent shall continue for certain interest income of foreign portfolio investors.
Sector now has 34.8% of FPI assets, up from 33.8% in Jan; flows drove banking index to all-time high
FPIs from the region will face stricter KYC, may have to furnish updated ultimate beneficial ownership info for all investors holding over 10% in the fund as opposed to 25% now
The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities
Overseas investors pumped in a net Rs 10,793 crore into equities and Rs 1,473 crore in the debt segment between February 1-5
Firms will examine qualitative factors before extending treaty benefits
Allowing debt financing by FPIs will reduce cost of funding, say experts
Overseas investors pumped in a net of Rs 19,473 crore into equities but pulled out Rs 4,824 crore from the debt segment between January 1 and January 29
In the past two quarters, FPIs have increased their stake in the company by 2.08 percentage points
Last year's Budget had created uncertainty about the quantum of tax to be withheld on dividends paid to non-residents, as the exact tax rate was not specified under section 195
While they hold no more than 5% of GOI debt stock jointly, their buying and selling stood out in 2020, when Centre and state govts expanded their market borrowing plans
Between March and December, FPIs purchased an additional 129 million, or 2.67 percentage point stake, in the bank
Foreign portfolio investors (FPIs) own more than 24 per cent of the domestic market
It's the highest-ever in rupee terms; three-fourths of flows have come since November
It said Covid-19 has drastically affected the investment climate in all economies of the world
For equities segment, this is the highest quantum of money invested ever since the FPI data has been made available by the National Securities Depository Ltd
Shortages in reporting shall be considered as shortfall of margin collection and a penalty will be levied on the clearing member of the custodian participant
Norms have a framework for verification of upfront margin collection in cash and derivatives segments. Peak margin is the reporting of client margins by trading members during the day