EPFO Gets Approval to Invest 5% Incremental Income in ETFs

The Labour Ministry has opened the floodgates for investing over ` 7,500 crore of retirement savings of workers in the capital markets for the first time.It has notified a new investment pattern that allows the Employees' Provident Fund Organisation (EPFO) to deploy 5% of its incremental income in Exchange-Traded Funds from the current fiscal.