The government has allowed retirement fund body EPFO to invest 5% of its corpus in exchange traded funds (ETFs) which will result into an inflow of around Rs.5,000 crore into the stock markets during this fiscal.
The labour ministry notified the new investment pattern for the Employees' Provident Fund Organization two-three days ago.
According to estimates the EPFO's incremental de posits for 2014-15 would be around Rs.80,000 crore. During the current fiscal, the incremental deposits could be around Rs.1 lakh crore as the body had increased the monthly wage ceiling for coverage under its social security schemes to Rs.15,000 from Rs.6,500 in September last year.
The labour ministry notified the new investment pattern for the Employees' Provident Fund Organization two-three days ago.
According to estimates the EPFO's incremental de posits for 2014-15 would be around Rs.80,000 crore. During the current fiscal, the incremental deposits could be around Rs.1 lakh crore as the body had increased the monthly wage ceiling for coverage under its social security schemes to Rs.15,000 from Rs.6,500 in September last year.
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