EPFO | EPFO against parking 15% funds in stocks

EPFO | EPFO against parking 15% funds in stocks
PTI
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First Published: Thu, Mar 26 2009. 10 46 PM IST
Updated: Thu, Mar 26 2009. 10 46 PM IST
New Delhi: The Employees’ Provident Fund Organisation (EPFO) on Thursday bluntly rejected the finance ministry’s proposal to park up to 15% of its depositors’ retirement fund in stocks and other equity instruments.
Sources said the finance and investment committee of EPFO was opposed to the proposal to invest up to 15% of the Rs1.8 trillion provident fund corpus in stocks or equity linked mutual funds, considering the volatility in the market.
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First Published: Thu, Mar 26 2009. 10 46 PM IST