EPFO eyes startup and fund investments
The Employees Provident Fund Organisation is working on guidelines to invest in alternative investment funds for better portfolio diversification. The proposed allocation could be up to 3% of fresh annual accretions to these funds, following recommendations made after government approval.
ContextContext: EPFO manages retirement savings for millions of salaried Indian workers, and alternative investment funds pool money into private assets such as startups. These investments usually carry more risk than traditional fixed-income options, so the rules matter for workers' savings.
Read at Economic Times: News
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