Saurabh Mukherjea said Marcellus plans to launch the first fund in next two months.
Promoters of close to 350 companies on the BSE have increased their stakes across the board.
FPIs offloaded shares worth of over Rs 21,000 crore in October so far.
The private lender had posted a net profit of Rs 994.31 crore in the same period last year.
DHFL, Indiabulls Housing, Bank of Baroda among 30 stocks that caught LIC's fancy in September quarter
The insurance company also bought additional shares in select public sector banks.
Brokerages turned cautious on the sector just ahead of September quarter earnings.
FPI holding went up from 54.34 per cent to 55.52 per cent in Indiabulls Housing Finance.
The BSE Smallcap index fell 17 per cent between August 29 and October 17.
BSE Sensex and NSE’s Nifty plunged over 6 per cent in September.
Foreign investors have pulled out over Rs 20,000 crore from the domestic markets.
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