EPFO may increase equity investment limit to 15%
Friday, March 3, 2017, 3:02 PM
Labour Ministry is facing resistance from trade unions, as it wants to hike the Employees Provident Fund Organisation (EPFO), minimum equity limit to 15%. In the Central Board of Trustees (CBT) meet, which is likely to happen in the last week of March, the ministry will propose this idea. It also feels introduction of new exchange-traded funds (ETFs) requires wider participation from EPFO.