EPFO's New Investment Options for Shareholders
The Employees Provident Fund Organization (EPFO), which manages the retirement fund of employees, may offer its shareholders the option to raise or lower their investments in the stock market starting from the new year. Apart from this, EPFO can also provide facilities such as digital security benefits and digital resources for the management of funds.
At present, EPFO invests 15% of the deposits of the account holders in the Exchange Traded Fund (ETF). However, these investments do not currently appear in the accounts of the shareholders, and they do not have the option to increase the investment limit in stocks from their future savings. Labor Minister Santosh Gangwar mentioned that EPFO is developing software to display cash and ETFs separately in retirement savings accounts. Once this separation is implemented, shareholders will have the opportunity to adjust their stock investments. The Central Board of Trustees (CBT) of EPFO had previously suggested the possibility of providing more flexibility in stock investment limits.
The Employees Provident Fund Organization (EPFO), which manages the retirement fund of employees, may offer its shareholders the option to raise or lower their investments in the stock market starting from the new year. Apart from this, EPFO can also provide facilities such as digital security benefits and digital resources for the management of funds.
At present, EPFO invests 15% of the deposits of the account holders in the Exchange Traded Fund (ETF). However, these investments do not currently appear in the accounts of the shareholders, and they do not have the option to increase the investment limit in stocks from their future savings. Labor Minister Santosh Gangwar mentioned that EPFO is developing software to display cash and ETFs separately in retirement savings accounts. Once this separation is implemented, shareholders will have the opportunity to adjust their stock investments. The Central Board of Trustees (CBT) of EPFO had previously suggested the possibility of providing more flexibility in stock investment limits.