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EPFO board to meet today, investment proposals on agenda
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The Central Board of Trustees (CBT), the apex decision-making body of the Employees’ Provident Fund Organisation (EPFO), is likely to take a number of important decisions including a diversifying of investments into asset classes, which are part of approved pattern of investment, but remained untapped so far. The board could decide to invest up 5% of its incremental deposits — close to Rs 9,000 crore at current level — annually in select private-sector bonds, REITs, InvITs, units issued by category-I & category-II alternative investment funds and AA-rated Basel III Tier I bonds, in order to enhance the yield on investments.
Of the 25 items listed for the 229th meeting, the CBT will ratify the approval already given by the chairman to extend
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