Government has allowed retirement fund body EPFO to invest five per cent of its corpus in exchange traded funds. It will result into an inflow of around five thousand crore rupees into the stock markets during this fiscal. Talking to reporters in New Delhi today, Labour Secretary Shankar Aggarwal said, the new investment pattern has been notified about two-three days ago. He said, investment will begin by one per cent and go up to five per cent by the end of this financial year. As per estimates, the EPFO's incremental deposits for 2014-15 would be around 80 thousand crore rupees. Finance Minister Arun Jaitley, in the budget, had proposed a new investment pattern under which the EPFO would invest a minimum of 5 per cent of its investable funds into equity and equity related schemes.
News On AIR | April 24, 2015 5:59 PM
Govt allows EPFO to invest 5% corpus in stock markets