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FII assets under management at Rs 5.81 trillion

Source: PTI
Last updated on: March 20, 2007 16:08 IST
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The assets under management of foreign institutional investors rose from Rs 3,84,491 crore (Rs 3,844.91 billion) in January 2006 to Rs 5,81,087 crore (Rs 5,810.87 billion) as on January, 2007, Rajya Sabha was informed on Tuesday.

The notional value of participatory notesĀ as a percentage of assets under management of FIIs has increased from 30.5 per cent to 34.8 per cent during the period under review, Finance Minister P Chidambaram said in a written reply.

As per information available with the Securities and Exchange Board of India, the notional value of PN has increased from Rs 1,17,325 crore (Rs 1173.25 billion) in January 2006 to Rs 2.02,487 crore (Rs 20.2 million) during January, he said.

In reply to a query, Chidambaram said the Sebi has informed government that there is no evidence

to suggest that some terrorist mafia organisations are using the PN route in the country and misusing these investments in Indian markets, the minister said.

Stock market: While recounting methods employed by terrorist outfits to generate funds, National Security Adviser M Narayanan during his speech at the 43rd Munich Conference on Security Policy on February 11 referred to stock market operations.

However, National Security Council Secretariat has clarified that the speech mentioned about such possibilities and no specific names of companies were indicated, Chidambaram said. IT investments:

The working group on IT for 11th plan (2007-2012), set up by the Planning Commission, envisages IT and IT enabled services exports to reach $60 billionĀ in value terms by 2009-10, Chidambaram said.

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