1,235 new FPIs register with Sebi in April-Dec
31 Jan 2018 9:53 PM IST
New Delhi: As many as 1,235 fresh foreign portfolio investors (FPIs) were registered with Sebi in April-December of the current fiscal, mainly due to their continued interest in the Indian capital markets, latest data from the regulator showed.
In comparison, close to 3,500 new FPIs registered with Sebi in the entire 2016-17 fiscal.
The number of FPIs with the markets regulator climbed to 9,042 at the end of December from 7,807 at March-end, resulting in an addition of 1,235, according to Sebi data.
"The reason for increasing FPI registrations is continued interest in the Indian equity, bonds and real estate," said Arvind Chari, head, fixed income and alternatives, Quantum Advisors.
Further, market experts are of the view that several measures taken by Sebi added to India's attractiveness. In addition, Sebi's Board, last month, decided to relax entry norms for FPIs willing to invest in the Indian markets.
Besides, euphoric sentiment among corporates on account of improvement in 'ease of doing business' ranking coupled with government's commitment in speeding up development and economic reforms before 2019 general elections, bode well for foreign investors' confidence, said Dinesh Rohira, founder and chief executive at 5nance.com.
Also, foreign investors have pumped in Rs 1.25 lakh crore into the Indian capital markets - equity and debt - during the period under review.
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