EPFO Likely to Invest over Rs.6,000 Crore in Equity

Union Labour Minister Bandaru Dattatreya has said the Employees ' Provident Fund Organisation (EPFO) may invest more than Rs.6,000 crore in equity market during the current financial year. The minister, however, added that a final decision will be taken by the Central Board of Trustees at the next meeting.
Last year, EPFO had invested about R.6,000 crore through SBI Mutual Fund's two ETFs (exchange-traded funds) -one linked to BSE's Sensex and the other NSE's Nifty .
The finance ministry had last year notified a new investment pattern for EPFO, allowing the body to invest a minimum of 5% and up to 15% of its funds in equity or equity-related schemes.
However, the EPFO management decided to invest 5% of its incremental deposits in ETFs only during the last year.

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