Want better returns? EPFO panel pitches for long-term investment in stocks

The panel has recommended that the EPFO should invest in Exchange Traded Funds for a long tenure of five years to ten years to get higher returns

An expert group set up by  the Employees’ Provident Fund Organisation (EPFO) has pitched for long-term investment in stocks for 5-10 years, saying this would yield better returns for over 60 million subscribers, according to a source.

The report of the panel was listed on the agenda of the meeting of its advisory body, Finance and Investment Committee (FIC), held on September 19. However, a source said the discussion on the report was deferred for the next meeting, expected to be scheduled sometime in the first half of next month.

“The panel has recommended that the EPFO should invest