Top-10 FPIs have 73% share of P-Notes

Top-10 FPIs have 73% share of P-Notes

FPJ BureauUpdated: Friday, May 31, 2019, 03:08 PM IST
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New Delhi:  Amid concerns over possible misuse of always-in-controversy PNotes, mutual funds have emerged as the top users of these offshore instruments for investing in Indian markets with a share

of over 60 %. Besides, just ten foreign portfolio investors account for almost 73 % of total outstanding investments worth over Rs 2.2 lakh crore through the Offshore Derivative Instruments. These FPIs include Singapore and Mauritius-based arms of global giants like Morgan Stanley, Goldman Sachs, Credit Suisse, HSBC, Merrill Lynch, Citigroup and JP Morgan.

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