Summary:
Of the total corpus of the EPF to the tune of over ? 10 lakh crore, he said the Government had identified ? 1.40 lakh crore as investible amount at the rate of 10%. Before increasing the investment in the ETF, Mr.
Dattatreya said the Labour Ministry had decided to send a team to Germany, Japan, Australia and South Korea to study how the governments fared after investing 30% of PF in the ETF. Defending the decision of the EPFO to decrease the interest rate on PF from 8.7% last year to 8.65%, Mr.
Dattatreya said it owed to steep decline in the interest rate regime in all savings accounts. more-inThe exposure of Employees Provident Fund to Exchange Traded Fund was likely to go up from 10% to 15% subject to the clearance by Central Board of Trustees of Employees Provident Fund Organisation in the coming days. A meeting of the CBT will be convened within a fortnight for the purpose, Union Labour Minister Bandaru Dattatreya told a press conference here on Sunday..