Saturday, July 09, 2016


 Ignoring protests from the unions, the government on Friday took an in-principle decision to invest more than 5% of the employees’ provident fund corpus in the stock market.
Both the labour ministry and Employees’ Provident Fund Organisation (EPFO) authorities said the quantum of investment in exchange-traded funds (ETFs) will be decided in a week’s time; it will be more than 5% but less than 10% of the incremental provident fund corpus.
In 2015-16, EPFO had an incremental corpus of a little more than Rs.1.3 trillion. This fiscal year, it may grow by 15% to nearly Rs.1.5 trillion.
Even 7% of this corpus would mean nearly Rs.10,500 crore of investments in ETFs.

Print this post

No comments: