ENCOURAGED BY THE relatively high returns for Employees' Provident Fund Organisation (EPFO) from equity investments since 2015, the government is looking to hike the retirement fund body's exposure to the segment significantly.
The higher equity exposure—roughly 9.5% of the EPF investible surplus is currently invested in specified exchange-traded funds (ETFs)—is being planned with a view to raise the returns for EPF subscribers substantially from 8.25% now (FY24) official sources told FE, adding that the returns used to be as high as 10-12% in the 1990s.
The labour ministry has recently formed an internal committee to look at ways to achieve higher investments in equity, the sources added. The move may also result in diversifying the EPF's equity portfolio, which is currently restricted to ETFs.
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