epfo: EPFO advisory body to decide on investments in new asset classes | India News

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NEW DELHI: Retirement fund manager EPFO on Saturday decided to empower its advisory body, Finance Investment and Audit Committee (FIAC), to take a call on investing in new asset classes like InvITs.
At present, the National Highways Authority of India (NHAI) and Power Grid Corporation (PGCIL) have launched public sector infrastructure investment trusts (InvITs). The EPFO would also go for public sector bonds. The decision was taken at the 229th meeting of the Employees’ Provident Fund Organisation’s apex decision making body – Central Board of Trustees (CBT), headed by Union Labour Minister Bhupender Yadav. Asked whether the EPFO will invest in private sector InvITs, Yadav told reporters after the meeting here, “At present we have decided to invest in only newly added government instruments (bonds and InvITs).
There is no percentage for that.” The board decided to empower FIAC to decide upon the investment options, on a case-to-case basis, for investment in all such asset classes which are included in the Pattern of Investment as notified by the Ministry of Finance , an official statement said.





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