EPFO Latest News Update: Based on their age and risk tolerance, EPFO is getting ready to offer its investors a variety of investment possibilities. This option can give EPF and pension account holders an option to invest a large part of the total investment in equity. the stock market in order to receive greater rewards. And account holders who are older can be given the option to invest their money in bonds or secured loans. Actually, EPFO is considering changes in these rules with the aim of giving a higher return on its investment to its investors.
At present, EPFO can invest only 15 percent of the fund’s total corpus in equities. Nifty 50, Bharat 22 Index and Central Public Sector Enterprises-based exchange-traded funds are all used in the stock market. At present EPFO has a total corpus of Rs 15 lakh crore and has a total of 6 crore account holders. But to give higher returns to its account holders, EPFO wants to invest 25 percent of the corpus in the stock market, which it is awaiting the approval of the EPFO board.
EPFO is considering to invest the amount deposited in the provident fund and pension fund separately. Their hard-earned money will be invested in accordance with their age and risk tolerance. In which a major part of the deposits in the youth fund will be invested in equities and the investments of older people will be invested in safer places. The money put into the pension fund can be used to invest in areas like infrastructure and real estate, which have the potential to yield greater returns.
EPFO has given 8.10 percent returns to its account holders in 2021-22, which is higher than the returns given by the bank. However, this form of investment strategy cannot provide substantial returns over the long term. Therefore, preparations are being made for a major change in the way of investment. The EPF rate has come down to 8.10 percent, the lowest since 1977-78.
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