Retirement fund body Employees’ Provident Fund Organisation (EPFO ) has invested Rs 27,105 crore in exchange-traded funds (ETFs) during the current fiscal till October, Parliament was informed on Monday.
EPFO had invested Rs 53,081 crore in the ETFs during the fiscal 2022-23, higher than Rs 43,568 crore in 2021-22, Minister of State for Labour and Employment Rameshwar Teli said in a written reply to the Lok Sabha.
The reply showed that the EPFO has invested Rs 27,105 crore in the ETFs so far in the current fiscal 2023-24 till October 2023.
The body had invested Rs 14,983 crore in ETFs in 2016-17, Rs 24,790 crore in 2017-18, Rs 27,974 in 2018-19, Rs 31,501 crore in 2019-20 and Rs 32,071 in 2020-21, according to the reply.
Teli explained to the House that the EPFO does not invest directly in individual stocks, including stocks of any blue-chip company.
EPFO invests in equity markets through ETFs, replicating BSE-Sensex and Nifty-50 indices, Teli said.
It has also invested from tim
| Subscribe To Our Free Newsletter |
