Report on EPFO’s ETF bonus

Hyderabad
11 Jun 2017

The Employees Provident Fund Organisation (EPFO) has asked Indian Institute of Management (IIM) Ahmedabad to study and give a report on disbursement of dividends it gets from investments in ETFs, Union minister Bandaru Battatreya has said. The EPFO has cumulatively invested Rs 21,559 crore in the two index-linked ETFs (Exchange Traded Funds) — the BSE’s Sensex and the NSE’s Nifty, in 2015-16 and 2016-17 and has plans to invest about Rs 22,000 crore during the current financial year, the Minister of State for Labour and Employment (independent charge) said.