News From Press Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM

Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM

Source: Business Standard Aug 22, 2023

The Employees’ Provident Fund Organisation (EPFO) made its maiden investments in the National Stock Exchange Nifty50 and the S&P BSE Sensex exchange-traded funds (ETFs) offered by Nippon India and ICICI Prudential (IPru) in July. These two fund houses are now in the company of public sector bank-linked players SBI Mutual Fund (MF) and UTI MF, whose products have traditionally been used by the retirement fund body.

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