Employees Provident Fund Organisation (EPFO) is not likely to recommend investing a portion of its funds in the equity market, according to sources.
"Since the equity market is very volatile, it involves risk as we need to take care of the large savings by public. It is difficult that a decision in this direction might be taken in this meeting," said an EPFO official on condition of anonymity.
The EPFO's top decision making body -- Central Board of Trustees (CBT) -- are going to hold its 125th meeting on Friday.
In its last meeting held in August, the body had decided not to invest in equity.
“After discussions, the Board recommended that there shall be no investment either in the equities or in the Exchange Traded Funds,” said the minutes of the 124th meeting held under the chairmanship of Narendra Singh Tomar, then labour minister.
Read more @ http://www.business-standard.com/article/economy-policy/epfo-unlikely-to-approve-investment-in-equity-market-114121800269_1.html
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