In a bid to enhance its equity exposure and earn higher returns for its nearly 65 million subscribers, the Employees Provident Fund Organisation (EPFO) is considering reinvesting 50 per cent of its exchange-traded funds (ETFs) redemption proceeds back into equity.
Sources close to the development said a proposal regarding this was discussed in the investment committee (IC) meeting in October last year, and the recommendation has been sent to the Central Board of Trustees (CBT), the apex decision-making body of the EPFO for its approval.
The next CBT meeting is scheduled to be held on Saturday.
EPFO Full Form is Employees Provident Funds Organization - Know what EPFO stands for, meaning, description, example, acronym for, abbreviation, definition and its full name.
A 3-day awareness-cum-sensitization programme on financial literacy for tea garden workers and employees got underway in tea belts in Tinsukia district.
KUPWARA : Regional Provident Fund Commissioner, J&K and Ladakh, Rizwan Uddin visited Kupwara today to address a mega district outreach programe "Nidhi Aapke Nikat 2.0" conducted by employees provident Fund organisation(EPFO), Ministry of La