New Delhi: Epfo Pension Fund Manager on Saturday decided to empower his advisory body, financial investment and the Audit Committee (FIAC), to receive calls to invest in new asset classes such as registered.
At present, the National Highway Authority (NHAI) and Power Grid Corporation (PGCIL) have launched the Trust of Public Sector Infrastructure Investment (invited).
Epfo will also go for public sector bonds.
The decision was taken at the 229th meeting of the APEX Fund decision-making body of the Providar Organization of the Employee – Council of the Supervisory Center (CBT), which was headed by the Minister of Union Workers Bhupender Yadav.
Asked whether the EPFO will invest in the private sector inviting, Yadav told reporters after the meeting here, “At present we have decided to invest only in newly added government instruments (bonds and invitations).
There is no percentage for it.
The Board decided To empower FIAC to decide on investment options, based on cases-to-cases, for investment in all the asset classes which are included in the investment pattern as notified by the Ministry of Finance, said an official statement.
Epfo’s advisory body to decide on investment in the new asset class
