Home » EPFO gets permission to park 5%...

EPFO gets permission to park 5% of annual deposits in InvITs

Sumit Arora Published On November 23rd, 2021 Leave a comment

The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) have approved that up to 5 per cent of the annual deposits can be invested in alternative investment funds (AIFs) including infrastructure investment trusts (InvITs). This investment will offer diversification to the EPFO’s investment basket.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The Finance Investment and Audit Committee (FIAC) have been tasked to decide upon the investment options, on a case-to-case basis. However, the board has also decided to focus only on government-backed alternatives, which are category one funds like public sector InvITs and bonds. The AIFs are regulated by the Securities and Exchange Board of India (SEBI).

Find More News on Economy Here

About the Author

Sumit Arora

Author

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.