By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: No Proposal To Hike EPFO Investment In ETFs: Bandaru Dattatreya
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
News

No Proposal To Hike EPFO Investment In ETFs: Bandaru Dattatreya

srijita
Last updated: 2016/07/18 at 5:08 PM
By srijita 2 Min Read
Share
SHARE
No Proposal To Hike EPFO Investment In ETFs: Bandaru Dattatreya
New Delhi: Retirement fund body EPFO is not considering any proposal to increase investments in Exchange Trade Funds (ETFs), Parliament was informed on Monday.

“The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF) has approved investment of only 5 per cent in ETFs.

At present, there is no proposal under consideration of the government to enhance this limit,” Labour Minister Bandaru Dattatreya said in a written reply to Lok Sabha.

As on 30 June, the total amount invested by EPFO in ETFs is Rs 7,468 crore and the absolute return on the investment so far is 7.45 per cent.

Separately, the minister had earlier said: “There will be a CBT meeting before July 22. We may take a decision on the quantum of investments to be made in ETF. We are in discussions with Bombay and National Stock Exchanges also. The investment will certainly increase (over last year).

“The Finance Ministry gave us clearance to invest from 5 to 15 per cent. It is a long term investment. It may be up to 10 to 12 per cent depending upon the market conditions. We expect the markets would be stabilised in the long run. Markets also need money.”

EPFO had started investing ETFs in August last year. Trade Unions have been opposing the decision of the EPFO to invest ETFs in view of volatility in the stock markets.

The minister told the House that as per the pattern of Investment notified by Ministry of Labour & Employment on April 23, 2015, investment in equity and related investments is permitted from 5 to 15 per cent.

[“source-ndtv”]

You Might Also Like

Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business

What Should My Video Game Room Have?

From Traditional Payments to Innovative Solutions: How Car Insurance Is Adapting to Modern Needs

Step by Step in Selling Your Car Online

Why Use BMW Km Stopper?

TAGGED: Bandaru, Dattatreya, EPFO, ETFs:, Hike, in, Investment, No, Proposal, to
srijita July 18, 2016
Share
Previous Article Volvo XC90 T8 Coming In 4-Seater Excellence Variant
Next Article RBI To Make Funds Transfer Via Smartphones Easier

Calendar

June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    

Latest Trending News

  • How the future will be altered by artificial intelligence May 27, 2025
  • Cybersecurity audit: what it is and why you need one? May 19, 2025
  • Over the Next Ten Years, the Used Car Industry May 8, 2025
  • Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business May 3, 2025
  • What Should My Video Game Room Have? April 28, 2025
  • Personalized advertising fuels growth and drives competitiveness for European businesses April 28, 2025
  • Personalization, AI, and the future of retail April 14, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?