EPFO gives nod to hike in stock investment to 15 per cent

The Employees Provident Fund Organisation has approved hike in investment limit in exchange traded funds (ETFs) to 15%, from the existing 10%, Union Labour Minister Bandaru Dattatreya stated it. 

The decision was taken during the meeting of the Central Board of Trustees (CBT). In 2016, the investment was raised to 10%. 
Static Takeaways for Dena Bank PO-
  • EPFO came into existence under the pormulgation of the Employee’s Provident Fund Ordinance on the 15th November,1951. 
  • It was replaced by the Employee’s Provident Fund Act, 1952.
Source- The Hindu


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