The Economic Times – Indian capital markets could be starved of fund flows from non-resident Indians or NRIs and global hedge funds under the new regulatory regime for Foreign Portfolio Investors (FPIs) put in place by the capital market watchdog.
FPI regulations released by the Securities Exchange Board of India (Sebi) earlier this month put NRI investors at a disadvantage compared to other foreign investors and would make it almost impossible for hedge funds to bet on the India growth story, according to securities markets experts.
