Business Standard

EPFO plans to invest over Rs 4,000 crore in CPSE ETF, Bharat 22 from FY20

From August 2015 to December 2018, the EPFO invested Rs 63,224 crore in ETFs

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Arup RoychoudhurySomesh Jha New Delhi
The Employee Provident Fund Organization (EPFO), is likely to ramp up the corpus that it invests in the central government’s two exchange traded funds — the Central Public Sector Enterprises ETF (CPSE ETF) and Bharat 22 ETF, 2019-20 onwards. Business Standard has learnt that EPFO could invest more than Rs 4,000 crore in the two ETFs next year.

“We have had multiple discussions with EPFO. They have understood the concept. Their investment in the two ETFs next year should be around Rs 4,000 crore. In a year, EPFO invests around Rs 25,000 crore in ETFs,” said a finance ministry official.

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