Participatory note investments in Oct highest since Aug 2019

Mumbai, Nov 19 : As foreign portfolio investments (FPI) returned in October, investments made through participatory notes (P-notes) also surge to Rs 78,686 crore in the past 14 months.
The rise in investment through P-notes came on the back of improved liquidity inflow globally and in India amid the pandemic.
P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors, to allow the latter to invest in the Indian capital market without getting registered. The process, however, has to go through due diligence.
Value of participatory notes issued in October stood at Rs 78,686 crore, up from Rs 69,821 crore in September, according to data from the Securities and Exchange Board of India (SEBI).
It is the highest investment through P-notes since August 2019, when a total of Rs 79,088 crore came in through the route of participatory notes.
Out of the total Rs 78,686 crore invested through the route till October, Rs 68,415 crore was invested in equities, Rs 10,047 crore in debt and Rs 224 crore in hybrid securities.