Buoyed by strong stock markets, Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation may invest up to 12 per cent of its investable amount in equities over a period of time.
According to the minister, as on June 30, the EPFO invested Rs 7,468 crore in two index-linked ETFs (Exchange Traded Funds) -- one to the BSE's Sensex and the other to NSE's Nifty -- and as of now the market value of the investment stood at Rs 8,024 crore with 7.45 per cent yield ..
