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EPFO ups ETF investment by 15%, set to cross Rs 45k cr by March-end
EPFO ups ETF investment by 15%, set to cross Rs 45k cr by March-end
The Retirement Fund Body EPFOâs Investment In Stocks Through Exchange Traded Funds (ETFs) Would Cross The Rs 45,000-crore Mark By The End Of This Fiscal, Labour Minister Bandaru Dattatreya Said On Thursday. PTI | Updated on: 06 Jul 2017, 06:06:18 PM
New Delhi:
The retirement fund body EPFO’s investment in stocks through exchange traded funds (ETFs) would cross the Rs 45,000-crore mark by the end of this fiscal, Labour Minister Bandaru Dattatreya said on Thursday.
“In the exchange traded funds, we have increased (investment) from 10 per cent to 15 per cent. With this, this year alone, it may go in totality to Rs 45,000 crore, and I feel (that) the rate of return last year was 13.3 per cent (from ETFs),” Dattatreya said on the sidelines of an Assocham event in New Delhi.