More than 700 new foreign portfolio investors (FPIs), registered with SEBI in the first four months of 2017-18. This follows nearly 3,500 new FPIs registering with SEBI in the previous financial year. The figures indicate that India remains an attractive destination.
According to data from capital market regulator, SEBI, the number of FPIs with the regulator’s approval rose to 8,511 at the end of July 2017, from 7,807 at March-end.
Foreign investors have also pumped in more than one lakh crore rupees into the domestic capital markets during the period under review. This includes 84,000 crore rupees in debt, and the rest in equities. In June, the SEBI board decided to ease the entry norms for overseas investors by permitting direct access to FPIs from eligible jurisdictions.