Over 1,000 fresh
foreign investors were registered with Sebi in April-September 2017-18,
primarily due to their continued interest in the Indian capital markets, latest
data from the regulator showed.
This comes on top of
close to 3,500 new foreign portfolio investors (FPIs) registering with Sebi in
the past financial year.
According to Sebi
data, the number of FPIs with the regulators approval increased to 8,826 at the
end of September 2017, from 7,807 at March-end, resulting in an addition of
1,019.
“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.
“Besides, the end of
the earlier FII/sub-accounts regime, which ended in September 2016,
necessitated all such entries to register as FPI,” he added.
Further, market
experts are of the view that several measures taken by the Sebi added to Indias
attractiveness.
Also, foreign
investors have pumped in more than Rs 95,500 crore into the Indian capital
markets – equity and debt – during the period under review.
In June, the board of
Securities and Exchange Board of India (Sebi) decided to ease the entry norms
for overseas investors by permitting direct access to FPIs from eligible
jurisdictions.
Recently, Sebi raised
FPIs 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.
In a big revamp, Sebi
in 2014 released norms that clubbed different categories of foreign investors
into a new class called FPIs. They have been divided into three categories as
per their risk profile and KYC (know your customer) requirements while other
registration procedures have been made simpler.
Credit : http://realtyplusmag.com/
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