On 2 August, the issue of investments by the Employees’ Provident Fund Organisation (EPFO) in equity markets was raised in Rajya Sabha. The Opposition complained that the investments by EPFO in equity instruments have given lower returns than what were announced by the government. The EPFO, with Rs.7.5 trillion assets under management, entered the equity market in August 2015. Between then and 30 June 2016, it has invested Rs.7,468 crore in exchange-traded funds (ETFs).
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