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Below Quote on FPI By Manoj Purohit, Partner and leader, FS Tax, Tax and Regulatory Services, BDO India

“This week witnessed the Sensex marking at all time high record levels , all thanks to the FPI fraternity making net positive inflows in the equity segment.The last week’s fed rate cuts have increased the liquidity in the Indian markets since the Indian rupee got aided by currency fluctuations. This interest rate differential is expected to attract more FPI inflows into India.”
 
“SEBI also added an icing on the cake to lure investors by establishing a dedicated Foreign Portfolio Investor (FPI) Outreach Cell, aimed at direct engagement with foreign investors. The Cell will provide guidance to prospective FPIs during the pre-application stage, including assistance with documentation and compliance processes.  It will be offering support during the onboarding phase and resolving any operational challenges that may arise during the registration process or thereafter.
All eyes now on the upcoming SEBI Board Meeting on Sep 30 which may bring up such fees and more such announcements which will reflect the government’s intention of making India a transparent, flexible, and easy to trade platform for offshore investors.”

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