Over 1,200 new FPIs registered with Sebi in 10 months of FY'18
27 March 2018 3:39 AM IST
New Delhi: More than 1,200 new foreign investors were registered with Sebi in the first 10 months of the ongoing fiscal, primarily due to their continued interest in the Indian capital markets, latest data from the regulator showed.
This comes on top of about 3,500 new foreign portfolio investors (FPIs) registered with Sebi in the last financial year.
According to the Sebi data, the number of FPIs with the regulatory approval increased to 9,083 at the end of January 2018, from 7,807 at March 2017, resulting in an addition of 1,276 such investors. Further, market experts are of the view that several measures taken by Sebi have added to India's attractiveness.
Moreover, they believe that the regulator's recent decisions, including allocating a separate limit of Rs 5,000 crore to FPIs for taking long position in Interest Rate Futures (IRFs) as well as doing away with the prior-approval requirement in case of change in local custodian, will help in boosting the sentiments.
In December, Sebi had decided to relax entry norms for FPIs willing to invest in the Indian markets as part of its effort to easing direct registration for such investors and avoid P-notes route.
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