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Wednesday, January 18, 2017

EPFO invests in CPSE ETF for first time in history

In a first of its kind move in the history, the Employees' Provident Fund Organization (EPFO) has decided to put its heavy foot forward and participate in government's divestment plan through Reliance CPSE ETF FFO

Employees’ Provident Fund Organisation (EPFO) has said it would invest at least Rs2,800 crore or over 62% of the original issue size of the further fund offer

“The finance ministry wanted us to invest Rs3,000 crore but we have agreed to invest Rs2,800 crore as of now,” central provident fund commissioner V.P. Joy said
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