EPFO would invest Rs.20,000 cr in Exchange Traded Funds: Dattatreya

Union Minister of State for Labour and Employment Bandaru Dattatreya said Employees Provident Fund Organization - EPFO would invest 20,000 crore rupees in Exchange Traded Funds - ETF this fiscal as it has decided to raise the investment limit in ETFs.

Speaking to media in Hyderabad today he said that the EPFO Central Board of Trustees meeting in Pune agreed on the proposal for raising ETF investments from 10 to 15 per cent of investible deposits. This year we are going to invest 20,000 crore rupees in ETFs, he



asserted.

The minister said the Finance Ministry had earlier notified a new investment pattern for EPFO, allowing the body to invest a minimum of 5 per cent and up to 15 per cent of its funds in equity or equity-related schemes.

Mr Dattatreya said the EPFO had started investing up to 5 per cent of its investible deposits in ETFs from August 2015. In the first year of 2015-16, 6,577 crore rupees had been invested, while the figure for last fiscal stood at 14,982 crore rupees he added.