EPFO likely to increase proportion of funds to UTI for ETF investment
In the present scenario, the EPFO has invested over ₹55,000 crore in the ETFs
New Delhi: Retirement fund body EPFO is likely to increase fund allocation to its exchange traded fund manager UTI Mutual Funds as it has provided better returns than SBI Capital on ETF investment by the pension fund. At present, the Employees’ Provident Fund Organisation’s 75 per cent ETF investments are handled by SBI Capital, while remaining 25 per cent is managed by UTI Mutual Funds.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more