India’s retirement fund manager Employees’ Provident Fund Organization (EPFO) will invest at least Rs18,000 crore in stocks in the current financial year, adding fuel to a stock market that is already on fire.
Labour minister Bandaru Dattatreya told reporters in New Delhi on Monday that his ministry is positive on more equity exposure because of the “encouraging returns” it has received over the last one-and-a-half years.
