More than 1,500 new foreign portfolio investors (FPIs) have registered with capital markets watchdog Sebi in the first 6-month of the current fiscal, indicating a sign of their willingness to be a part of India’s growth story. In the entire last fiscal, a total of 2,900 FPIs had received approval from Sebi. The number of FPIs with Sebi approval increased to 5,828 at the end of October from 4,311 in March-end, reflecting an addition of 1,517 such investors, according to the latest data from the SEBI.
FPI investors consider India as a preferred and stable market, given its macro-economic stability, long-term growth prospects and ongoing economic and social reforms, market experts said. Besides, Sebi has decided to offer direct entry to well-regulated foreign investors for investing in corporate bonds, they added. They pumped in over Rs 56,500 crore in the capital markets (debt and equity) in April-September period.