The meeting of the Central Board of Trustees (CBT) of EPFO- Employees’ Provident Fund Organization (EPFO) will be held on November 20. Many important decisions can be taken in this. Apart from this, the investment options available will be discussed, aimed at benefiting from the equity market.
New Delhi. The Central Board of Trustees (CBT) meeting of the Employees’ Provident Fund Organization (EPFO) will be held on November 20. Many important decisions can be taken in this. Apart from this, the investment options available will be discussed, aimed at leveraging the equity market. Experts related to the matter say that EPFO is considering several schemes to give maximum benefits to its subscribers.
The asset-backed, trust-structured and diversified investment category was introduced in April this year to give way to investments in units issued by Category I and Category II Alternative Investment Funds (AIFs) regulated by the Securities and Exchange Board of India (SEBI). was modified in.
These options may include
commercial mortgage-based securities or residential mortgage-based securities, entities issued by real estate investment trusts (REITs), asset-backed securities and infrastructure regulated by markets regulators in the category already acceptable under this option. Includes units of Investment Trusts (InvITs). EPFO has not exercised these options so far. Explain that InvITs work like mutual funds. This market regulator is under the purview of SEBI.
The EPFO offers 8.5 per cent interest on deposits,
a senior government official said. This is needed to ensure better returns for the customers. Higher returns will be possible only when investments are made in new instruments for investment. For the last two financial years, EPFO is giving 8.5 percent interest to its customers on the amount deposited in Employees’ Provident Fund (EPF). This is more than many small savings schemes.
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