S. Sahul Hameed; M. Fowzia Sultana

doi:10.15613/hijrh/2015/v2i1/78207

P-Notes and its Significance in Indian Stock Market

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Authors

S. Sahul Hameed
PG & Research Department of Corporate Secretaryship, Bharathidasan Govt. College for Women, Puducherry ,IN
M. Fowzia Sultana
Department of Management Studies, Mother Teresa Womensâ€™ University, Kodaikanal ,IN

DOI:

https://doi.org/10.15613/hijrh/2015/v2i1/78207

Keywords:

FDI, FII, Participatory Notes, SEBI, Securities and Capital Market.

Abstract

The significance of participatory notes (PNs) by foreign investors, as an instrument for portfolio flows into Indian stock markets has been probed in this paper. India's foreign investor base widening recently seem to be inclined towards hedge funds/unregistered foreign investors who invest primarily via PNs. This gained popularity, especially when it accounted for 50% of all foreign portfolio assets in India. Therefore, the laws relating to PNs have transformed to remain more transparent and an ascending trend in PNs was registered during September to November 2012.