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EPFO’s equity investment till June 30 was Rs 7,715 crore: Govt

EPFO’s equity investment till June 30 was Rs 7,715 crore: Govt


NEW DELHI: Retirement fund body EPFO has made equity investment of Rs 7,715 crore up to June 30 this year, junior minister for labour and employment Rameshwar Teli told Lok Sabha on Monday.
In a written reply to a poser by DMK MP K Shanmuga Sundaram, the government said EPFO can invest up to 15% in equity as per the ‘Pattern of Investment’ notified by the central government and internal guidelines of the EPFO that were approved by the Central Board of Trustees (CBT) and Employees’ Provident Fund (EPF).
The minister also clarified that EPFO invests only in Exchange Trading Fund (ETF) and not in individual share/stock through ETF Manufacturers like SBI-Mutual Fund and UTI-Mutual Fund.
The government also submitted that equity investment of EPFO was Rs 31,025 crore in 2020-21, Rs 32,377 crore in 2019-20 and Rs 27,743 crore in 2018-19. The minister also said EPFO received Rs 57,846 crore as contribution from its subscribers in the first quarter of this fiscal.




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Written by Newz Hawker

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