| Date: |
03-04-2013 |
| Subject: |
Foreign institutional investors (FIIs) likely to see increased fund flows in equity markets |
|
MUMBAI: The recent reforms initiated by the capital market regulator Sebi and finance ministry for stock brokers and foreign institutional investors (FIIs) are likely to see increased fund flows into the overall equity markets.
FIIs have been hankering for simpler rules for registration and permission to trade in currency segments to hedge their forex risk. So far this year, FIIs have invested $9 billion compared to $8 billion in the same period last year.
The new norms will reduce the bureaucratic hassles involved while opening accounts in India, enabling FIIs to directly register themselves instead of going through the circuitous route of sub-accounts and P-Notes.
Source : economictimes.indiatimes.com
|