EPFO to enter capital market on Aug 6

Mumbai : EPFO will be entering the capital market on August 6 to participate in equity through ETFs and the decision of exact amount to be invested will be taken soon, Central Provident Fund Commissioner, Employees Provident Fund Organisation (EPFO), Dr K.K. Jalan said at an ASSOCHAM event.  According to the Finance ministry’s norms Employee Provident Fund Organistaion (EPFO) can invest upto 15% but the Central Board of Trustees (CBT) allows only upto 5% to start with, said Dr Jalan while inaugurating the ‘National Conference on Provident Fund in Equity Market,’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).