EPFO To Invest 5% Funds In Stock Markets

The Government has allowed the EPFO to invest 5 % of its funds in stock markets by way of exchange traded funds. It will result in an inflow of around Rs. 5,000 crore into the stock markets during this fiscal.

The EPFO’s incremental deposits for 2014-15 would be around Rs. 80,000 crore. However, in the current fiscal year, the incremental deposits could be around Rs. 1 lakh crore as it has increased the monthly wage ceiling for its schemes to Rs. 15,000 from the earlier Rs. 6,500.