Employees' Provident Fund Organisation (EPFO)to invest in equities from Aug 06,2015

 

The Employees' Provident Fund Organisation (EPFO) will begin investing in the stock market from August 6, with an initial corpus of Rs 5,000 crore.

Addressing a function organised by ASSOCHAM, Central Provident Fund Commissioner K K Jalan said the investment would be made through the Equity Traded Fund (ETF) route

ETFs are like Mutual Funds, but traded daily.

Jalan said the Finance Ministry has taken the decision to allow the EPFO to invest up to 15 % of the incremental deposit in the stock market.

However, the Central of Board of Trustees has given it the limit of investing only 5 per cent of the incremental deposit.

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