(ET)
Retirement fund body EPFO will park about Rs 22,500 crore in the exchange traded funds this fiscal following the approval of its trustees to enhance investments in equity or equity linked schemes last month, a senior official has said.
Last month, the Employees Provident Fund Organisation’s (EPFO) apex decision making body had approved the proposal to increase the investments in exchange traded funds from 10 per cent to 15 per cent of the investible deposits. “The investible deposits are estimated at Rs 1.5 lakh crore during the current fiscal. Thus the EPFO investments in ETF in 2016-17 would be about Rs 22,500 crore,” EPFO’s Central Provident Fund Commissioner V P Joy told PTI. Joy further said, “The EPFO has invested Rs 23,000 crore in ETFs so far. The annualised return on these investments has been over 12 per cent so far.”
