The Union labour ministry has notified the investment pattern for company-run Provident Fund (PF) trusts, allowing them to invest 5-15 per cent of the incremental corpus in equity markets.
This is in line with the investment pattern recommended by the finance ministry and earlier notified by the labour ministry for firms covered under the Employees’ Provident Fund Organisation (EPFO).
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The central government has said EPFO will initially invest no more than five per cent of its corpus in exchange-traded funds (investment funds traded on stock exchanges). In an interview to news agency Reuters, Union labour minister Bandaru Dattatreya said the retirement body will start investing in stock markets from next month.
Ref -- http://www.business-standard.com/article/economy-policy/private-pf-trusts-can-invest-5-15-in-equity-markets-115062500663_1.html
