Investment in the Indian capital markets through participatory notes rose over a six-year high at Rs 1.33 lakh crore at September-end, making it the seventh consecutive monthly increase, on the back of robust macroeconomic fundamentals. This is the highest level since July 2017 — when investment through the route stood at Rs 1.35 lakh crore, data from the Securities and Exchange Board of India (Sebi) showed. They, however, need to go through a due diligence process. According to Sebi data, the value of p-note investments in Indian markets — equity, debt, and hybrid securities — stood at Rs 1,33,284 crore …
