Retirement fund body EPFO is not considering any proposal to increase investments in Exchange Traded Funds, Parliament was informed on Monday.
“The Central Board of Trustees (CBT), Employees’ Provident Fund (EPF), has approved investment of only 5 per cent in ETFs. At present, there is no proposal under consideration of the government to enhance this limit,” Labour Minister Bandaru Dattatreya said in a written reply to Lok Sabha.
As of June 30, the total amount invested by EPFO in ETFs is ₹7,468 crore and the absolute return on the investment so far is 7.45 per cent.