Investments in the Indian capital market through participatory notes (P-notes) rose to ₹89,143 crore till the end of February, with experts saying the positive trend is likely continue in the coming months on expectations of strong corporate earnings by India Inc which will enthuse foreign investors.
P-notes are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.