EPFO to invest ₹13k cr in Exchange-Traded Funds in FY17
The Employees’ Provident Fund Organisation (EPFO) has raised its investment limit for Exchange-Traded Funds (ETFs) to 10% from 5% or an estimated ₹13,000 crore this fiscal. Of this, the EPFO has already invested ₹1,500 crore in the first half of the current fiscal. An ETF is a bouquet of stocks that tracks an index, a commodity, or a sector.