FII registrations with Sebi rise despite fund outflows

FII registrations with Sebi rise despite fund outflows

By agencies   |   Friday, 20 May 2005, 07:00 Hrs
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MUMBAI: Despite a steady outflow from equity investments by foreign institutional investors (FIIs) since April, interest in Indian markets has exactly been the opposite. FII registration with the Securities and Exchange Board of India (Sebi) has crossed 700, with the total registration touching a new all time high of 704 by May 19.

In the last 49 days, between April 1 and May 19, a total of 24 new FIIs have registered with Sebi. This is as against net selling by FIIs to the tune of about Rs 1.65 billion since April.

In May, about 12 FIIs from across the globe have registered with Sebi. FIIs from countries as diverse as Canada, Singapore, Switzerland, France, Mauritius, the Netherlands, Scotland, etc. registered with the regulator.

Apart from pension funds and banks, global universities have also started registering in India.

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