Offshore funds, ETFs see $2 bn inflows in Q1 this year
The Dollar Business Bureau Exchange-traded funds (ETFs) and offshore funds in India recorded a net inflow of $2 billion in the first quarter of this year compared to a huge outflow of $1.3 billion in the same period a year-ago. An offshore fund is referred to a collective investment scheme that is not domiciled in the country but primarily invests in its markets. As per a report by Morningstar, offshore funds focused on India witnessed an inflow of $1.46 billion, whereas ETFs registered an inflow of $509 million, making the total at $2 billion. During the quarter of October-December last year, this category had registered a net inflow of $449 million. The category saw net inflows of $196 million during the quarter July-September 2016. However, ...
FPI inflows crosses Rs 20k cr in Sept, a 11-month high
The Dollar Business Bureau Foreign portfolio investors (FPIs) invested more than Rs.20,000 crore into the Indian capital market in the month of September, a 11-month high. This also marks the positive inflows (equity and debt), consecutively for last three months. This trend is expected to remain in the coming weeks as the market regulator, Securities and Exchange Board of India (SEBI), has decided to provide direct entry to the overseas investors who are well-regulated, in investing in the corporate bonds, according to experts. The recent jump in capital inflow is attributed to the factors like progress in GST rollout, improved corporate earnings and the decision of US Federal Reserve for not lifting interest rates. The environment has improved after the current account deficit (CAD) lessened sharply to $300 million, or ...
Indian stock markets tumble to 21-month low on heavy selling
Foreign portfolio investors (FPIs) sold shares net Rs.2,788.57 crores during the week as per the SEBI's record including the provisional figure of February 12 Source: PTI The RBI fixed the reference rate for the US dollar at 68.4365 and the euro at 77.3606 from last weekends level of 67.6365 and 75.7326, respectively. Markets continued to fall for the second conscutive week due to persistent selling from operators and investors on concerns over global economy and weak results from banks. Relentless selling in the stock market is coming from redemption pressures, margin calls, crude slumping to multi- year lows, depreciating rupee against dollar and disappointing earnings, said Gaurav Jain, Director of Hem Securities. Weak earnings from public and private sectors banks on account of higher ...
Govt to ease investment norms for foreign investors
PIB, Government of India Department of Economic Affairs, Ministry of Finance is organizing two interactive meetings with Foreign Portfolio Investors (FPIs) and domestic financial market participants in New Delhi as part of government’s endeavor to improve ease of doing business in financial markets. The meeting with FPIs is scheduled to be held on Tuesday. The meeting with domestic financial market participants and stock exchanges will be held on October 21. The meetings would also be attended by representatives of RBI, SEBI and CBDT among others. The meeting with FPIs would include discussion on (i) simplifying the procedures and documentation for registration of FPIs, (ii) development of fund management industry in India, and (iii) FPI investment in corporate bond market. The meeting with ...
RBI to allow Rs.1,200 bn additional foreign investments in government bonds
The Dollar Business Bureau The Reserve Bank of India has decided to increase the investment limits in government securities for foreign portfolio investors (FPI) up to 5% of the outstanding stock by March 2018. “In aggregate terms, this is expected to open up room for additional investment of Rs.1,200 billion in the limit for central government securities by March 2018 over and above the existing limit of Rs.1,535 billion for all government securities (G-sec),” the RBI said in its bi-monthly monetary policy statement on Tuesday. The move is aimed at having a more predictable regime for investment by the foreign portfolio investors (FPI). Besides, the limits for FPIs in debt securities issued by state governments, also known as State Development Loans (SDLs), ...
I-T sleuths told to go easy on tax dues against foreign portfolio investors
The Dollar Business Bureau The Chairperson of CBDT, Anita Kapur (first on the right side) briefing the media, in New Delhi on June 16, 2015. Source: PIB, Government of India Amid concerns over outward movement of overseas funds from the Indian stock market after tax notices slapped on foreign portfolio investors (FPIs), the Income Tax department has said that it will not take coercive measures to recover tax dues from FPIs. A number of Foreign Portfolio Investors (FPIs) have challenged the tax recovery notices sent to them before April 2015. In the annual budget for the current financial year, the government has exempted FPIs from paying Minimum Alternate Tax (MAT) on their income occurred from trading in securities and stocks. According ...
