EPFO To Invest Portion Of Deposits In Infrastructure Trusts
NDTV
The board decided to empower the finance investment and audit committee (FIAC) to decide upon the investment options on case-to-case basis
The central board of trustees of the employees' provident fund organisation (EPFO) has unanimously approved investing a small percentage of its annual deposits in infrastructure investment trusts (InvITs).
InvITs allow owners of infrastructure assets to monetise them and function like mutual funds, which ensure regular returns on investment.
According to official sources, the decision to invest a percentage of annual deposits in InvITs was taken during the meeting of EPFO's central board of trustees, which was held on Saturday (November 20).
The board decided to empower the finance investment and audit committee (FIAC) to decide upon the investment options on case-to-case basis, for investment in all such asset classes which are included in the pattern of investment as notified by the government, a statement issued by the labour ministry after the meeting, said.
