look news india
Mauritius, which was once a top destination for foreign portfolio investors (FPIs) to send funds to India, has now slipped to the fifth spot after Ireland in terms of assets under custody (AUC) as on June 30.
Ireland is ranked fourth with an AUC of Rs 4.41 lakh crore. Which is slightly more than Mauritius. According to data from the National Securities Depository (NSDL), Mauritius recorded an AUC of Rs 4.39 lakh crore as of the end of June 2024. The difference between the two countries becomes more pronounced when reviewing net equity holdings. Ireland recorded a 26 per cent increase in AUC for FPIs in the first half of the calendar year. While Mauritius saw a jump of 11 per cent. Legal experts and custodians in Mauritius said that the time for approval of new funds has increased significantly. Due to which there has been a delay in fund registration.