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News From Press EPFO may invest up to 15% of investable amount in equities

EPFO may invest up to 15% of investable amount in equities

Source: Economic Times Mar 20, 2017

Buoyed by the surging stock markets, the Employees Provident Fund Organisation (EPFO) may propose to invest up to 15 per cent of its investable amount in equity markets during the next fiscal, Union Labour Minister Bandaru Dattatreya said. 

"We are proposing to invest up to 15 per cent during the next year. Central Board of Trustees (CBT) meeting will be held on March 30. We will seek its opinion. So far, during the past one-and-half year we have invested Rs 18,069 crore. We are getting a good yield. It is encouraging," Dattatreya said. 

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