Union Labour Minister Bandaru Dattatreya today said that EPFO will raise proportion of its investments in exchange traded funds (ETFs) from the present 5 per cent and a final decision on the quantum for current fiscal would be taken very soon.
SBI Mutual Fund and UTI Mutual Fund will manage the corpus of the retirement fund in ETFs, he said.
As on July 31 this year, amount invested in ETF by Employees' Provident Fund Organisation (EPFO) is Rs 7,468 crore and the market ..
