EPFO drives nearly 52% of equity ETF inflows in 2022-23, shows data

Retirement fund allocates Rs 53,000+ crore to equity ETFs

The retirement fund body, the Employees’ Provident Fund Organisation (EPFO), constitutes the majority of flows into equity exchange-traded funds (ETFs).

Data shared by the government in Parliament reveals that one of the world’s largest social security organisations invested Rs 53,081 crore into ETFs in 2022–23 (FY23), accounting for more than 50 per cent of the total gross inflows into equity ETFs in the previous financial year (FY23).

Data from the mutual fund industry estimates the gross inflows into equity ETFs at Rs 1.02 trillion in the same period.

The EPFO primarily invests in ETFs replicating the National Stock Exchange Nifty50,