Categories: Economy

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

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

Sumit Arora

Recent Posts

Mangalyaan-2 Unveiled: India Set to Become the Third Nation to Land on Mars

The Indian Space Research Organisation (ISRO) is gearing up for a landmark mission that aims…

9 mins ago

India, UAE Conclude Meeting on India-Middle East-Europe Economic Corridor

India and the UAE recently concluded a significant meeting focused on the India-Middle East-Europe Economic…

23 mins ago

Biggest Stadium in the World By Capacity and Area

Stadiums transcend their roles as mere sports venues; they embody iconic symbols of human achievement…

19 hours ago

Indonesia Evacuates Hundreds Near Erupting Volcano

Hundreds of residents near Mount Ibu, an active volcano on Halmahera island in eastern Indonesia,…

19 hours ago

Shinku La tunnel Work to Begin By Mid-September

India's strategic infrastructure development along its borders, particularly in regions like Ladakh and Arunachal Pradesh,…

19 hours ago

M&M Gears Up For ₹26,000 Crore Investment in Automotive Business

In anticipation of increased demand in the automotive sector, Mahindra & Mahindra Ltd has unveiled…

20 hours ago