ET Intelligence Group: A sustained inflow of funds and market appreciation have pushed the portfolio value of the foreign institutional investors (FPIs) to a record $575 billion, the data from NSDL show. The share of FPIs in India’s market capitalization rose to 20.7% in the first fortnight of February 2021, a gain of 1.9% from the March 2020 lows; the total value of the FPI portfolio has doubled since then.
The FPIs have been net buyers of Indian equities in nine out of the past ten months. They have invested $ 36.3 billion (Rs 2.7 lakh crore) during the period. On the year-to-date basis, foreign investors have poured in $ 5.9 billion (Rs 43,676 crore) in Asia s third largest economy.
‘International Bullion Exchange will be ready by year end’
February 12, 2021
Injeti Srinivas, Chairman IFSC Authority - The Hindu×
Exchange to come under a consortium comprising BSE, NSE, MCX, NSDL and CDSL
India s first International Bullion Exchange will take shape by the end of this year and the market infrastructure institutions (MIIs) will form a consortium to make a single entity operating the bullion exchange. “The regulations for the international bullion exchange have been notified and the international bullion exchange will come up by this year,” informed Injeti Srinivas, Chairman IFSC Authority on Friday. The Chairman of the unified regulator of the IFSCs stated that the Exchange will operate with delivery-based model for allocated and unallocated bullion. However, there will be underlying security backing the unallocated bullion, Srinivas further added.
According to the Futures Industry Association (FIA), NSE emerged the worlds largest derivatives exchange for the second consecutive year in 2020 in terms of number of contracts traded.
Updated Jan 13, 2021 | 06:25 IST
The pension fund regulator has now made it easier for Points of Presence (POPs) and Central Record Keeping Agencies (CRAs) to onboard new subscribers through the paper-less digital means. Representational image
New Delhi: Pension fund regulator PFRDA has taken a slew of measures to facilitate new subscribers onboarding into NPS. The pension fund regulator has now made it easier for Points of Presence (POPs) and Central Record Keeping Agencies (CRAs) to onboard new subscribers through the paper-less digital means.
As per its new instructions, NPS accounts opened digitally in CRA platform including eNPS, the soft copies of NPS subscribers’ applications will continue to be generated by CRAs but the subscribers will no loger have to submit the physical application form to the respective CRAs. Subscribers will have options for authentication either through e-Sign or through OTP before the creation of Permanent Retirement