FPIs may get funds on settlement day: Sebi official

"Inefficiencies and opacity dog not only the Indian domestic investor; they also impact foreign portfolio investors (FPIs). While India fully moved to a T+1 settlement cycle in January 2023, most FPIs are only able to access their funds from sale of securities on T+2 or later," Sebi whole time member Ananth Narayan said. He was speaking at the Global Fintech Fest.