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140 new FPIs register with Sebi in April

140 new FPIs register with Sebi in April
About 140 fresh foreign portfolio investors (FPIs) registered with Sebi in April, indicating that India remains an attractive destination, as per latest data with markets regulator.
This comes on the top of close to 3,500 new foreign FPIs registering with Sebi last fiscal year ended March 31.
FPIs consider India as a preferred and stable market, given its macroeconomic stability, long-term growth prospects and ongoing economic reforms, experts said.
Furthermore, several measures taken by Securities and Exchange Board of India (Sebi) added to its attractiveness, they added.
Going ahead, there are few areas which FPIs will focus on -- impact of GST on the economy in the short run; economic growth has not yet picked up, which is contrary to the expectation, and they would want to see signs of improvement in it, Himanshu Srivastava, Senior Research Analyst - Manager Research at Morningstar Investment Adviser India said.
"Also, US Federal Reserve has hiked rates so far three times and more rate hikes could see some money moving out of emerging markets. Rupee is also appreciating and with markets surging too, profit booking at regular intervals will also happen," he added.
According to Sebi data, the number of FPIs with markets regulator's approval rose to 7,947 at the end of April 2017, from 7,807 at the end of the preceding fiscal, an addition of 140 such investors, according to the latest data from Sebi.
Recently, Sebi raised FPI investment limit for government debt, permitted them to invest in unlisted corporate debt as well as securitised debt instruments and allowed direct entry to well-regulated foreign investors to invest in corporate bonds.
PTI

PTI

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