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Retirement fund body EPFO will park more funds in public sector bonds to boost government’s infrastructure development programmes and continue to invest in equities, Union Labour Minister Bandaru Dattatreya said.
The proposal to change the investment pattern for increasing the Employees’ Provident Fund Organisation’s investments in government securities (G-Secs) or government guaranteed bonds to 65 per cent from existing 50 per cent is expected to be vetted by its trustees in a meeting scheduled on Tuesday.
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