 "To enhance its equity exposure and earn a greater income for its nearly 70 million subscribers, the Employees' Provident Fund Organisation (EPFO) is slated to take a call on reinvesting 50 per cent of the redemption proceeds of exchange-traded funds")
To enhance its equity exposure and earn a greater income for its nearly 70 million subscribers, the Employees’ Provident Fund Organisation (EPFO) is slated to take a call on reinvesting 50 per cent of the redemption proceeds of exchange-traded funds (ETFs) back into equity.
The matter will be taken up in the Central Board of Trustees (CBT) meeting on Saturday.
The rest is to be invested in other asset classes such as government securities and debt instruments.
At present, all redemption proceeds are distributed as income to the subscribers.
The latest available data shows the amount in the investment corpus
