News From Press EPFO to invest Rs 20,000 crore in equities in 2017-18: Bandaru Dattatreya

EPFO to invest Rs 20,000 crore in equities in 2017-18: Bandaru Dattatreya

Source: Economic Times May 29, 2017

Retirement fund body EPFO will invest Rs 20,000 crore in exchange traded funds this fiscal as it has decided to raise the investment limit in ETFs, Union Minister Bandaru Dattatreya said on Sunday.

"Yesterday, the Employees Provident Fund Organisation (EPFO) Central Board of Trustees meeting held in Pune agreed on the proposal for raising ETF investments from 10 to 15 per cent of investible deposits.

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