News From Press MFs can generate Rs 3 trn arsenal every year to counter FPI flows: Kotak MF

MFs can generate Rs 3 trn arsenal every year to counter FPI flows: Kotak MF

Source: BS Dec 15, 2023

Given the predictability of flows through systematic investment plan (SIP) and the Employees' Provident Fund Organisation (EPFO) routes, domestic funds are now in a position to pump in as much as Rs 3 trillion a year into equities and offset the sharp selloffs from overseas funds, Kotak Mutual Fund (MF) said on Thursday.

The Rs 3-trillion estimate includes monthly SIP inflows of close to Rs 17,000 crore, about Rs 90,000 crore cash balance of actively-managed equity schemes, and another Rs 40,000 crore of EPFO investment in equity exchange-traded funds (ETFs).

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