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EPFO to Invest in Corporate Bonds

The Employees Provident Fund Organisation’s Central Board of Trustees (CBT) at a meeting on 9 April 2010 decided that the Employees Provident Fund Organisation (EPFO) would be able to invest its funds in corporate bonds of joint sector companies where the Government has a minimum 26 per cent stake. Previously EPFO funds were mainly parked in Government securities and bonds of companies in which Government had over 51 per cent stake.

Oct 21, 2010 14:26 IST
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The Employees Provident Fund Organisation’s Central Board of Trustees (CBT) at a meeting on 9 April 2010 decided that The Employees Provident Fund Organisation (EPFO) would be able to invest its funds in corporate bonds of joint sector companies where the Government has a minimum 26 per cent stake. Previously EPFO funds were mainly parked in Government securities and bonds of companies in which Government had over 51 per cent stake.