EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangersThe appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.
SBI cease to be EPFO fund manager from March-end: Labour ministerUTI Mutual Fund has provided better returns than SBI Capital on ETF investment by the pension fund.
EPFO likely to announce PF rate for FY18 next monthThe EPFO had lowered the rate of return for its over 4.5 crore subscribers to 8.65 per cent for 2016-17, from 8.8 per cent in 2015-16.
EPFO to now invest Rs 3,000 crore in AA+ rated corporate bondsAccording to investment norms followed by the EPFO, the body can invest 10 per cent of its investible deposits in the corporate bonds with ...
EPFO advisory body to vet stock exposure hike proposalIn view of the volatile nature of stock markets, the EPFO had then decided to start with investing just 5 per cent of its over Rs 1 lakh cr...
Labour ministry awaits EPFO panel nod on doubling investments in equityOnce approved by FAIC, the labour ministry will present the decision before the next board meeting of EPFO for information.
EPFO advisory body against collection of PF dues by private banksAn advisory body of EPFO has rejected a proposal to engage private banks - ICICI, Axis and HDFC Bank - for collection of PF contribution fr...
Seven companies in race to manage EPFO's equity investments in FY17FAIC will open technical & financial bids submitted by seven firms for managing EPFO's market investments in the current fiscal," an offici...
Trade unions to press for 9% interest on PF deposits for FY16The unions have decided to oppose any proposal to retain the existing rate of 8.75% for the current fiscal along with a uniform bonus of Rs...
EPFO likely to announce 9% interest on PF deposits on February 16EPFO may announce 9% interest rate on PF deposits for 2015-16 in its trustees' meet on February 16, higher than 8.75% provided in previous ...
EPFO may pay 9% interest on PF deposits for 2015-16EPFO finance panel has recommended raising the interest rate on statutory savings of over 5 crore subscribers from 8.75% to 8.95% during th...
EPFO invests Rs 2,909 cr in ETFs till November 26: Government"Investments in ETF started in the month of August 2015 and a total of Rs 2,909 crore has been invested till November 26, 2015," Labour Min...
Poor returns force EPFO to rethink equity investmentsAfter deliberations on the EPFO’s investments in ETFs and returns earned so far, the FAIC will put up its view for consideration of CBT for...
EPFO Central Board of Trustees to appoint new fund managers on February 19EPFO has shortlisted six fund managers HSBC AMC, ICICI Prudential, ICICI Securities Primary Dealership, Reliance Capital AMC, Birla Sun Lif...
6 firms clear financial bid stage for managing EPFO fundsThe financial bids for appointment of new fund managers were opened today during FAIC meeting.
6 qualify in initial bids to manage EPFO funds; Axis AMC outSix fund managers, including HSBC AMC, ICICI Prudential, Reliance Capital AMC and UTI AMC, have qualified in initial bids for managing EPFO...
EPFO to float tenders next week for engaging new fund managersEPFO has a subscriber base of over five crore. It manages a huge corpus of Rs six lakh crore with annual incremental deposits of over Rs 70...