18 Dec, 2014 11:41p.m.

EPFO may not recommend investing in equity

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
Whatsapp Share Button

🏠 Go to StaffCorner.com Home Page





Latest in Important News
News 🕑 05 Jul,19 1:13p.m.
Latest in Other News Sections
RBI cuts repo rates to 6.25. Loans set to get cheaper 🕑 04 Apr,19 12:42p.m.
Sree Chitra Tirunal Institute develops intravenous cancer drug 🕑 26 Mar,19 9:29p.m.
CPAO FAQ For the Beneficiaries Of NPS- Additional Relief Scheme 🕑 13 Mar,19 11:06p.m.
'One Nation One Card' mobility card launched 🕑 05 Mar,19 1:47p.m.
PFRDA working on minimum assured returns for NPS subscribers 🕑 24 Feb,19 1:58p.m.
EPFO's 8.65% interest rate for FY19 is actually equivalent to 13.5%. 🕑 24 Feb,19 11a.m.
EPFO to offer 8.65%, its 1st hike in 4 years 🕑 22 Feb,19 10:51a.m.
RBI cuts repo rate by 25bps. EMIs likely to get cheaper 🕑 07 Feb,19 1:02p.m.
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.
Researchers develop plants that can remove cancer-causing pollutants 🕑 27 Dec,18 12:59p.m.