EPFO may invest more in equities next year: Labour Minister

By: |
Mumbai | Updated: August 6, 2015 2:23:41 PM

EPFO could invest more into equities in the next fiscal year starting April by raising the current limit set at 5 percent of total investable assets.

EPFO provident fundEPFO could invest more into equities in the next fiscal year starting April by raising the current limit set at 5 percent of total investable assets. (PTI)

Employees’ Provident Fund Organisation (EPFO) could invest more into equities in the next fiscal year starting April by raising the current limit set at 5 percent of total investible assets, Labour Minister Bandaru Dattatreya said on Thursday.

The comments come as state pension fund said on Thursday it would invest in stocks this year for the first time.

EPFO chief also said that the equity investment can be as high as 70-80 billion rupees this year after including other long term assets.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition
FinancialExpress_1x1_Imp_Desktop