EPFO's equity market exposure reaches 10%

EPFO’s equity market exposure reaches 10%

NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) exposure to the equity market has for the first time reached 10%, as the retirement fund body looks for avenues to augment its income to sustain the persistent high annual returns amid falling govt bond yields, where nearly 85% of its investible corpus is parked.“EPFO is allowed…

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EPS 1995 progress: EPFO clears 99% of applications for higher pensions; fund supports minimum pension of Rs 1,000

EPS 1995 progress: EPFO clears 99% of applications for higher pensions; fund supports minimum pension of Rs 1,000

Employees’ Provident Fund Organisation (EPFO) has processed nearly 99 per cent of applications seeking higher contributions to secure increased pensions under the Employees’ Pension Scheme (EPS) 1995, Parliament was informed Monday.Minister of state for labour & employment Shobha Karandlaje, in a written reply to Lok Sabha, said the EPFO has acted to implement directions issued…

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