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Decision soon on increasing EPFO investments in ETFs

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Noting that Employees’ Provident Fund Organisation’s ( EPFO) investments in exchange traded funds ( ETFs) have given good returns during March and April this year, Union Labour Minister Bandaru Dattatreya said these investments would be increased and the quantum for the coming year would be decided soon. Observing that good investments should dispel apprehensions about EPFO funds being invested in ETFs, he said the labour ministry would deliberate on it after his return from the International Labour Conference in Geneva, three days from today. The corpus fund available with EPFO presently is Rs.7,53,000 crore. Replying to a query, he expressed hope the EPF interest rate of 8.8 per cent ( for 2015- 16) would not come down next year.
Business Standard New Delhi, 07th June 2016

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