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Todayâ€™s Market News
EPFO invests Rs 9,723 crore in equities
Employees' Provident Fund Organisation (EPFO) has invested a total of Rs 9,723 crore in
exchange traded funds as on October 31 this year and the absolute returns till that time has
been 9.17 per cent, the government told the Lok Sabha on Monday.
"The total corpus of EPFO was Rs 7.49 lakh crore as on March 31, 2016. The total amount
invested by EPFO in ETFs is Rs 9,723 crore as on October 31, 2016 and the absolute return
was 9.17 per cent as on October 31, 2016," Labour and Employment Minister Bandaru
Dattatreya said replying to questions.
He also said EPFO's investment in exchange traded funds (ETFs) would be increased to 10
per cent from the current level of 5 per cent within the scope of investment pattern notified by
the Finance Ministry.
As a precautionary measure, EPFO is investing only in Nifty and Sensex ETFs, he added.
"The returns from investment made in ETF are generally more than the returns from other
investments. Therefore, the subscribers are benefitted due to higher returns," he said.
Further, Dattatreya said the dividend yield becomes part of the net asset value of the ETF and
would, therefore, be added to the account of EPF of the employees wherever applicable.
When asked whether EPFO's decision to invest in capital market was vehemently opposed by
various stakeholders, the Minister said, "employees' representatives of the Central Board of
Trustees (CBT) opposed the move to invest in capital market".
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