EPFO, PF may generate more money now as govt allows investment in Bharat Bond ETFs
A total of four tranches of Bharat Bond ETFs have been launched to date, two in December 2019 and two in mid-2020. Representative image
Updated: Jan 8, 2021, 12:08 PM IST
In what may come as good news for employees, the PM Narendra Modi-led central government has allowed the Employees Provident Fund Organisation (EPFO) and Exempted Provident Fund Trusts to invest in public sector debt ETFs (Exchange Traded Funds) like Bharat Bond ETF. A notification was issued by the government in this regard on January 4.
So far, a total of four tranches of Bharat Bond ETFs have been launched, including two in 2019 and the rest last year. Edelweiss Asset Management manages the Bharat Bond ETFs, which are allowed to invest in AAA PSU debt and have set expiry dates in 2023, 2025, 2030 and 2031.
Good news for EPFO subscribers: Modi govt s New Year bonanza, check details
According to Live Mint, a notification in this regard was issued on January 4.
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Updated: Jan 8, 2021, 07:34 PM IST
In what can only be categorised as a New Year bonanza to benefit crores of EPF subscribers, media reports have emerged which says that it has allowed Employees Provident Fund Organisation (EPFO) and Exempted Provident Fund Trusts to invest in public sector debt ETFs (Exchange Traded Funds) like Bharat Bond ETF.
According to Live Mint, a notification in this regard was issued on January 4.
It is to be noted that Labour and Employment Minister Santosh Gangwar on December 31 announced that PF subscribers will start receiving 8.5 percent interest on their PF amount from the said day onwards.