Participatory Notes

The flow in the month of May was the highest level since March 2018, when investment through the route stood at Rs 1.06 lakh crore.

Participatory-notes investment continues to swell; hits 1-yr high in October

Participatory notes (P-notes) are issued by registered foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly.

Investment via P-notes continues to climb; hits 40-month high in July

P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.

P-notes investment swell to 14-month high in October on enhanced global liquidity

According to SEBI data, the value of P-note investments in Indian markets– equity, debt and hybrid securities — increased to Rs 78,686 crore at October-end from Rs 69,821 crore as on September 30.

P-notes investment climbs to Rs 62,138 crore until June

According to Sebi data, the value of P-note investments in Indian markets -- equity, debt, hybrid securities and derivatives -- stood at Rs 62,138 crore until June, while the same was at Rs 60,027 crore at the end of May.

Investments via P-notes decline to Rs 81,913 crore in June

P-notes are issued by registered Foreign Portfolio Investors (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.

P-notes to take a hit as new tax treaty ready to roll-out; Will tourist money leave?

The implementation of a tax treaty with Singapore and Mauritius could mean the end of p-notes as we know them,

P-note investment climbs to Rs 1.75 lakh cr at January-end

P-notes are issued by registered foreign portfolio investors (FPIs) to overseas ones who wish to participate in Indian markets without registering themselves directly. But they still need to go through a proper due diligence process.

HSBC, UBS stop issuing P-Notes as India steps up clampdown

A number of foreign investors including HSBC and UBS have stopped issuing controversy-ridden P-Notes as regulatory and enforcement agencies step up their clampdown on misuse of this once-popular instrument among foreigners to invest in Indian markets.

P-Note investments fall to 41-month low of Rs1.57 lakh cr in Dec

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.

Sebi mulls further tightening regulations for P-Notes

Markets regulator Sebi plans to further tighten the regulations governing participatory notes amid persisting concerns that this route is being used for illicit fund flows.

Portfolio investment via PN route drops to 8%: Sebi

Markets regulator Sebi today said foreign portfolio investment through participatory notes has plunged to just 8 percent after it introduced greater disclosure norms.

HSBC likely to pull out of P-note biz owing to tightened rules

Participatory notes or P-notes could no longer be part of HSBC‘s operations. The bank has decided to wind up its P-note operations owing to the tightened regulatory environment that has made the business unattractive.

SIT to crack down on P-notes, asks Sebi to provide data: Report

SIT has asked Sebi to provide details on investments through P-notes and including complete transfer trails and beneficiary owners, the BS report states.

SEBI issues stricter KYC, disclosure regime for P-Notes

Markets regulator SEBI on June 10 put in place a stricter KYC and disclosure regime for Participatory Notes to make it tougher to use these offshore instruments without disclosing the money-trail and details of their users

SEBI wants P-Note users to come directly to India

Ruling out any concessions for hedge funds with riskier profile in Indian markets, SEBI Chairman UK Sinha said P-Note users should eventually move to direct route of investing as their share in foreign portfolio investments here has already fallen to a record low of 9.3 percent

Hold on to long positions, Nifty on its way beyond 8K: Experts

Experts believe the 7980 hurdle for the Nifty could soon be broken and a rally leading the index all the way to around 8250-level cannot be ruled out.

Indian market can correct 5% if global markets fall: Samir Arora

P-Notes will be issued only after FII norms are complied with, says Samir Arora, founder and fund manager of Helios Capital Management.

P-Note: New rules of the game decoded

CNBC-TV18‘s Latha Venkatesh decodes the impact of the tighter P-Note norms on the market.

Will take call on tightening P-Note norms soon: Sebi chief

The discussions are based on suggestions by the Supreme Court appointed Special Investigation Team (SIT) on black money.

Tighter P-note KYC? but Sebi rules anyway demand that of FIIs

The rules are already in place, but enforcing it is the biggest challenge for the regulator, given the magnitude of the foreign funds coming in through the P-note route. At presently, rough USD 30 billion of FII holdings are through the P-note route. It is near impossible for SEBI to keep track of every entity to which P-notes are issued

Mauritius treaty scares; Sensex falls 175 pts, Nifty below 7850

The Nifty ended tad below 7850, down 38.95 points or 0.5 percent at 7848.85. The Sensex closed down 175.51 points or 0.7 percent at 25597.02. About 1103 shares have advanced, 1446 shares declined, and 158 shares are unchanged.

India's tax laws an impediment to foreign inflows: Karma Capital

Claiming that "India had lost face" globally due its taxation policy, Nandita Parker, Managing Partner of Karma Capital, attacked the amendment of the Mauritius agreement, saying it was an impediment to foreign investment.

Investments via P-Notes slump to 18-month low of Rs 2.18 lakh cr

P-Notes, which are mostly used by overseas HNIs (high net worth individuals), hedge funds and other foreign institutions, allow investors to invest in Indian markets through registered foreign portfolio investors (FPIs), the key driver of Indian markets.

Investment via P-Notes slumps to 16-mth low of Rs 2.31 lakh cr

P-Notes, which are mostly used by overseas HNIs (high net worth individuals), hedge funds and other foreign institutions, allow investors to invest in Indian markets through registered foreign portfolio investors (FPIs), the key driver of Indian markets.