EPFO investments in equities get return over 12% in year
04/08/2016 12:45
As on July 31, 2016, we got a return of over 12 per cent on investments in equities as compared to 8 or 7.5 per cent on government securities (G-Secs) within a year, said Shankar Aggarwal, Secretary, Ministry of Labour and Employment at an ASSOCHAM event on Wednesday.
“If you are going to invest wisely in a pool of equity then surely there is not much of a risk”, said Shankar Aggarwal. He also said that as on July 31, 2016, we got a return of over 12 percent on equity as compared to 8 or 7.5 percent on G-Secs, , said Aggarwal while inaugurating ‘National Conference on Social Security & Role of Equity Market,’ organised by the ASSOCHAM.
The Employees' Provident Fund Organisation (EPFO) started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till June 30, 016, said Aggarwal
The Employees' Provident Fund Organisation can invest up to 15 per cent of its investible deposits in equity or equity related scheme, the body had decided to park 5 per cent of its available funds in ETFs to start with.
“We cannot evaluate the performance of equity on the basis of one, two or three months. When we invest in equity, we invest for 20 or 30 years," said Mr. Aggarwal while addressing the meeting.
The Employees' Provident Fund Organisation (EPFO) started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till June 30, 2016. EPFO can invest up to 15 per cent of its investible deposits in equity or equity related scheme, the body had decided to park 5 per cent of its available funds in ETFs to start with.
Aggarwal said, social security is very important tool to improve the productivity, to improve the level of motivation, passion and commitment. When they grow old and unable to perform any productive work, at that point of time we have to take care of them.
We will enable to create one seamless platform which will enable every citizen from organized sector or un-organized sector to get on board and to get advantage or benefits of social security, said Mr. Shankar.
04/08/2016 12:45
“If you are going to invest wisely in a pool of equity then surely there is not much of a risk”, said Shankar Aggarwal. He also said that as on July 31, 2016, we got a return of over 12 percent on equity as compared to 8 or 7.5 percent on G-Secs, , said Aggarwal while inaugurating ‘National Conference on Social Security & Role of Equity Market,’ organised by the ASSOCHAM.
The Employees' Provident Fund Organisation (EPFO) started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till June 30, 016, said Aggarwal
The Employees' Provident Fund Organisation can invest up to 15 per cent of its investible deposits in equity or equity related scheme, the body had decided to park 5 per cent of its available funds in ETFs to start with.
“We cannot evaluate the performance of equity on the basis of one, two or three months. When we invest in equity, we invest for 20 or 30 years," said Mr. Aggarwal while addressing the meeting.
The Employees' Provident Fund Organisation (EPFO) started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till June 30, 2016. EPFO can invest up to 15 per cent of its investible deposits in equity or equity related scheme, the body had decided to park 5 per cent of its available funds in ETFs to start with.
Aggarwal said, social security is very important tool to improve the productivity, to improve the level of motivation, passion and commitment. When they grow old and unable to perform any productive work, at that point of time we have to take care of them.
We will enable to create one seamless platform which will enable every citizen from organized sector or un-organized sector to get on board and to get advantage or benefits of social security, said Mr. Shankar.
