US No. 1 FII source, beats Mauritius

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April 28, 2014

NEW DELHI: Once known as the biggest gateway for flow of funds into India, Mauritius has slipped to the second place after the US in terms of quantum of money being brought in by overseas investors into Indian markets.

According to the latest data available with the capital markets regulator Sebi, the US accounted for the largest chunk of 'assets under custody' of foreign institutional investors investing in the Indian equity and debt markets at the end of 2013 with over Rs 4.37 lakh crore worth of funds.

April 28, 2014

NEW DELHI: Once known as the biggest gateway for flow of funds into India, Mauritius has slipped to the second place after the US in terms of quantum of money being brought in by overseas investors into Indian markets.

According to the latest data available with the capital markets regulator Sebi, the US accounted for the largest chunk of 'assets under custody' of foreign institutional investors investing in the Indian equity and debt markets at the end of 2013 with over Rs 4.37 lakh crore worth of funds.

The US was followed by Mauritius with over Rs 3.31 lakh crore worth 'assets under custody (AUC)' of FIIs and their sub-accounts as on December 31, 2013.

Mauritius was on the top with AUC of over Rs 3.51 lakh crore at the end of 2012, while the US came second with Rs 3.42 lakh crore. During 2013, the assets brought in by the FIIs into the Indian markets from the US increased significantly, while the fund flow from Mauritius declined amid concerns about suspected money laundering through the Indian Ocean island nation, which has been consistently denying these allegations.

Among the top 10 countries in terms of AUC of FIIs and their sub-accounts registered in India, the US and Mauritius are now followed by Singapore, Luxembourg, the UK, the UAE, Norway, Netherlands, Canada and Australia.

Among these, Singapore, Luxembourg, the UK and the UAE retained their respective places during 2013, while Norway moved up to the seventh place and Cananda slipped to ninth spot. The total AUC managed by all foreign investors for the Indian markets stood at close to Rs 14.65 lakh crore at the end of 2013, up from about Rs 13.35 lakh crore a year ago.

Out of this, equity markets account for Rs 5.13 lakh crore investments by FIIs and Rs 8.25 lakh crore by their sub accounts. In the debt markets, the FIIs have poured in assets worth Rs 78,000 crore and sub-accounts have close to Rs 48,000 crore as on December 31, 2013.

FDI from Mauritius almost halved during the April-January period of 2013-14 fiscal to close to $4 billion, from over $8 billion in the same period of 2012-13.


Courtesy: Agencies

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