08 lakh crore at February-end and the remaining were in debt and derivatives markets.Of the total, P-note holdings in equities were at Rs 1.Investment through the route has been declining since September last year when it was at Rs 2,12,509 crore.70 lakh crore at the end of February from the preceding month. But they still need to go through a proper due diligence process..According to Sebi data, total value of P-note investments in Indian markets -- equity, debt and derivatives -- fell to Rs 1,70,191 crore at February-end, from Rs 1,75,088 crore at the end of January.57 lakh crore in December-end, the lowest level since July 2013 when the cumulative value of such investments stood at Rs 1,48,188 crore.Last month, markets regulator Sebi had said steps taken by it on P-notes are "sufficient enough" to address the concerns of SIT on blackmoney, but the regulator is open to further suggestions.

The quantum of FPI investments via P-notes dropped to 6.Mauritius and Singapore are among the top sources of foreign direct investments into India and also account for a big chunk of total inflows into the country&Precision Grinding Machines suppliers39;s capital markets.Prior to that, investment through P-notes was at Rs 1.The Special Investigation Team (SIT) on blackmoney, set up by the Supreme Court, had recommended a slew of measures including the need for Sebi to come up with stricter regulations on P-notes, which are often viewed as a route for channelising illicit funds. It had asserted that consistent tightening of norms has made these instruments less attractive.

New Delhi: Investments in domestic capital markets through participatory notes (P-notes) declined to Rs 1.P-notes are issued by registered foreign portfolio investors (FPIs) to overseas ones who wish to be part of the Indian stock markets without registering themselves directly.Market experts believe that inflows through P-notes could further drop as new tax treaty with # Singapore and Mauritius will come into force from April 1 this year under which capital gains tax shall be levied at the source of investments.1 per cent in the preceding month. It fell to Rs 1,99,987 crore at October-end and further to Rs 1,79,648 crore in November.6 per cent in February, from 7