.jpg?downsize=773:435 "EPFO May Pump In Rs 25,000-30,000 Crore In Equities During FY18")
Emerging as a significant source of investments into capital markets, the Employees Provident Fund Organisation (EPFO) is likely to pump in Rs 25,000-30,000 into equities in fiscal 2017-18 with Rs 5,700 already invested so far this year, says a report.
According to global brokerage Morgan Stanley, besides EPFO, the National Pension Scheme (NPS) is also among the sources for driving the domestic flow surge, which has been positive for the past 17 months.
NPS' pension assets stood at $30 billion at the end of July. We estimate their equity assets to be at $3.5 billion.Morgan Stanley Report
Year-to-date, domestic mutual funds have received equity inflows of $18.6 billion (tracking at $2.3 billion per month).
“By the end of the month, equity mutual fund assets under management (AUM) stood at $111 billion, and as a percentage of market cap rose to 5.3 percent, its highest level since July 2000,” Morgan Stanley said.
“Similarly, equity ETF assets rose to new highs of $ 8.4 billion. Year-to-date, ETF inflows stood at $2.6 billion (Rs 169 billion),” it added.
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