Participatory notes (P-notes)

Subject – Economy

Context – Investments via P-notes stand at Rs 97,744 cr till August

Concept –

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.
According to Securities and Exchange Board of India (Sebi) data, the value of P-note investments in Indian markets — equity, debt and hybrid securities — was at Rs 97,744 crore in August-end compared to Rs 85,799 crore in July-end.

To know more about P-Notes, please click here.