EPFO to take a final call on investment in ETFs soon

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The Employee Provident Fund Organisation will soon take a final call on increasing the limit of investment in Exchange Traded Funds (ETFs). The Union Minister of Labour and Employment, Bandaru Dattatreya, revealed it to media on last Sunday.

As revealed by the union minister, the EPFO will increase the limit of investment in ETFs up 15% from its existing limit of 10% shortly in a meeting to be held in Pune.

EPFO to increase investment limit in ETFs.

According to Bandaru Dattatreya, “On May 27, Employees Provident Fund Organisations (EPFO) Central Board of Trustees (CBT) meeting is scheduled in Pune. Now one of the major agenda item is ETF investments.”

The EPFO has made an investment of Rs. 21,559 crore as of April 21, 2017 with a market value of worth Rs 23,845 crore.

The Finance Ministry of India had advised EPFO to implement a new investment pattern which included a minimum investment of 5% and a maximum of 15% of its funds in equity schemes. The EPFO started investing in ETFs August 2015 with a minimum investment of 5% of its funds.

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