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May 26, 2016
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Sebi wants P-Note users to come directly to India
Ruling out any concessions for hedge funds with riskier profile in Indian markets, Sebi Chairman U K Sinha on Wednesday said P-Note users should eventually move to direct route of investing as their share in foreign portfolio investments here has already fallen to a record low of 9.3%.
"From a peak of over 55% in 2007, the share of Offshore Derivative Instruments -- commonly known as Participatory Notes -- has now fallen to 9.3%. I see this percentage falling even further going ahead," Sinha said.
Source -
http://www.dnaindia.com
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