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Best advisory company stock market tips equity market tips 7449384

www.tradtips.com

GET FREE TRIAL CALL: +91-7415033556

Find a place inside where there's joy, and the joy will burn out the pain.

Today’s Market News

EPFO invests Rs 9,723 crore in equities

till Oct

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.


Best advisory company stock market tips equity market tips 7449384

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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