EPFO approves diversification of investments to up to 5% of annual deposits

The decisions will mean EPFO is diversifying its investments into asset classes that will enhance the yield on investments, but also carry fair amount of risks

The Central Board of Trustees (CBT), the apex decision-making body of the Employees’ Provident Fund Organisation (EPFO), took some important decisions on Saturday pertaining to investments. 

The central board of the EPFO, at its 229th meeting, today approved investing up to 5% of the annual deposits in alternative investments including infrastructure investment trusts (InvITs), reported Money Control. 

Central board of trustees of EPFO has given in- principle approvals to invest in public sector invits and bonds, though on a case-to-case basis, to be decided by Finance Investment and Audit Committee (FIAC), reported Economic Times. 

The decisions will