EPFO HAS INVESTED MORE THAN $2 LAKH CRORE IN ETFS SO FAR
The Business Guardian|August 12, 2023
India’s Employees’ Provident Fund Organisation (EPFO) has seen a sub-stantial investment surge in exchange-traded funds (ETFs) over the past few years.
EPFO HAS INVESTED MORE THAN $2 LAKH CRORE IN ETFS SO FAR

According to recent data, the EPFO invested a total of Rs 2,01,212 crore in ETFs since the financial year 2018-19 up until July 2023. This investment strategy has marked a significant shift for the EPFO, which manages retirement funds, and has been guided by a cautious approach.

The EPFO has traditionally been heavily invested in debt instruments, with a large portion of its funds allocated to such investments. However, in a bid to diversify its portfolio and potentially achieve higher returns, the EPFO began venturing into equity markets through ETFs starting in the financial year 2015-16. This move was initially characterized by a conservative approach, with the EPFO dedicating 5% of incremental deposits to equities. Over time, this allocation was gradually increased to 10%, indicating a growing confidence in the potential of equity investments.

This story is from the August 12, 2023 edition of The Business Guardian.

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This story is from the August 12, 2023 edition of The Business Guardian.

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