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EPFO: Big News! EPFO board meeting may be held on November 16…! 15000-16000 crores deposited every month in EPFO, know details

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EPFO board meeting can be held on 16 November 2021. It is believed that in this meeting, a part of the annual deposit of EPFO ​​can be approved to be invested in Infrastructure Investment Trust. 


 

If this proposal is agreed, then investment in InvITs infrastructure can get a boost. A new medium of investment will be included in the Investment Basket. Currently, Exchange Traded Funds invest in Government Securities and Bonds.

EPFO meeting to be held after 8 months:   Central Board of Trustees meeting is going to be held after 8 months on 16 November 2021. In which apart from other issues, the proposal for investment in InvITs will also be discussed. Earlier this year itself, the EPFO ​​board had approved investment in alternative investment funds. In fact, the deposit amount in EPFO ​​is continuously increasing, due to which the need for a new avenue of investment was felt. A proposal to invest in InvITs can be considered keeping in mind the investment in long term funds linked to infrastructure.


Rs 15000-16000 crore deposit  every month: About Rs 15000-16000 crore is being deposited in EPFO ​​every month. It is believed that in 2021-22, the deposits of EPFO ​​can increase between Rs 1.8 lakh crore to Rs 1.9 lakh crore. Out of this, 15 percent amount is invested in Equity and the remaining amount is invested in Debt Instrument. Considering the increase in deposits, EPFO ​​has a great opportunity to expand its investment basket.


Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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