ESIC to invest up to 15% surplus funds in stock market via ETFs
ESIC accorded approval for investments of surplus funds in equity, restricted to ETFs due to the relatively low returns on debt instruments coupled with the need to diversify.
Labour and Employment ministry-backed Employees' State Insurance Corporation (ESIC) on Sunday accorded approval for investments of surplus funds in equity, however, restricted to Exchanged Traded Funds (ETFs). Union Labour Minister Bhupender Yadav said, ESIC to upgrade and modernize its infrastructure under the ‘Nirman Se Shakti’ initiative.
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