PRIVATE PROVIDENT FUNDS ALLOWED TO INVEST UP TO 15% IN STOCKS

Private sector managed provident funds and superannuation trusts can now have greater exposure in the stock markets. They can soon directly invest up to 15 per cent of their investible funds in share of
companies on which derivatives are available in the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) This has been provided in the new investment pattern for non-government provident, superannuation and gratuity funds issued by the Finance Ministry.