Part of your PF money may be invested in InvITs. What are InvITs?
3 years, 6 months ago

Part of your PF money may be invested in InvITs. What are InvITs?

Live Mint  

A part of your provident fund money may soon begin to be invested in Infrastructure Investment Trusts as retirement fund manager Employees’ Provident Fund Organisation may start investing a portion of its annual deposits in these infrastructure investment trusts. The move could not only help India boost investments in infrastructure but also expand the scope of EPFO’s investment basket beyond bonds, government securities, and exchange-traded funds, two government officials told mint, requesting anonymity. InvITs are investment vehicles housing infrastructure assets or projects of companies that allow investors to make small investments and receive regular income. It is an alternative investment fund that works like mutual funds and is regulated by the Indian market regulator Securities and Exchange Board of India.

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History of this topic

Labour ministry, RBI hold discussions to ease PF withdrawal
2 weeks, 6 days ago

Labour ministry, RBI hold discussions to ease PF withdrawal

Hindustan Times  

The Union labour ministry has begun discussions with the Reserve Bank of India and other banks on rolling out new services for subscribers of the Employees’ Provident Fund Organisation, such as direct access to savings deposits through ATMs and e-wallets linked to bank accounts, an official said, requesting anonymity. The labour ministry has also proposed e-wallets where EPFO members will …

EPFO board pitches amnesty plan for PF payment violations
1 month, 2 weeks ago

EPFO board pitches amnesty plan for PF payment violations

Hindustan Times  

In a key decision, the central board of trustees of the Employees’ Provident Fund Organisation, in its 236th meeting chaired by labour minister Mansukh Mandaviya on Saturday, approved reinvesting 50% of its redemption proceeds from exchange traded funds back into equities. The board also recommended to the Union government a national EPFO amnesty scheme 2024 for all types of employers …

EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here
1 month, 2 weeks ago

EPFO update: Central Board of Trustees meet to decide on proposals — ETF investment increase to 15%? Details here

Live Mint  

The Employees Provident Fund Organisation's Central Board of Trustees is set to meet today, November 30, to decide on various proposals, according to a Business Today report citing sources. The proposals under discussion include the redemption policy for increased investments in equity traded funds, re-investment of ETF proceeds, guidelines for investments into real estate investment trusts, and the annual performance …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months, 3 weeks ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms
1 year, 8 months ago

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms

News 18  

The Employees’ Provident Fund Organisation is a statutory body that manages the Employees’ Provident Fund and other schemes related to the welfare of an employee. We have listed down a few types of EPFO forms that employees must have information about: –Form 19: This form is used to withdraw the EPF balance after leaving the job. The employer is required …

What are InVITs and how does it work? MintGenie explains
1 year, 9 months ago

What are InVITs and how does it work? MintGenie explains

Live Mint  

Infrastructure Investment Trusts, commonly known as InVITs, have emerged as an attractive investment option in the Indian financial market. InVITs are investment vehicles that pool money from investors and invest it in income-generating infrastructure assets, such as roads, bridges, power plants, and airports. Things to look at before investing in InVITs While InVITs offer attractive returns, investors should consider the …

EPFO fixes 8.15% interest rate on provident fund
1 year, 9 months ago

EPFO fixes 8.15% interest rate on provident fund

Hindustan Times  

The Employees Provident Fund Organisation, the retirement fund manager to India’s nearly 70-million-strong salaried class, has fixed an 8.15% interest rate on employees’ provident fund for 2022-23, a member of its Central Board of Trustees told HT. Provident fund savings are mandatory under the Employees Provident Funds and Miscellaneous Provisions Act. Provident fund savings are mandatory under the Employees Provident …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 9 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

EPFO says it has ‘no direct investments in individual stocks’
1 year, 9 months ago

EPFO says it has ‘no direct investments in individual stocks’

The Hindu  

The Employees’ Provident Fund Organisation, which manages the retirement savings of crores of formal sector workers, asserted late on March 27 that there is no direct investment of EPFO funds in any individual stocks. The retirement fund manager said it follows “passive investment in equity” by investing in Exchange Traded Funds, as per the investment pattern set by the Finance …

Infrastructure Investment Trusts: How do they provide a new path for infrastructure financing?
1 year, 11 months ago

Infrastructure Investment Trusts: How do they provide a new path for infrastructure financing?

Live Mint  

Infrastructure investments have long been a key component of economic growth and development. However, the introduction of infrastructure investment trusts, has opened up a new avenue of investment for the citizens of India. It is a relatively new investment vehicle that has gained traction in recent years due to its ability to provide investors with access to high-yielding infrastructure projects. …

How much of your EPFO money is invested in stocks
2 years, 5 months ago

How much of your EPFO money is invested in stocks

Live Mint  

The Employees Provident Fund Organisation or EPFO members having a provident fund account get tax-free and risk-free guaranteed return on their money. While replying to a question raised by Lok Sabha lawmakers including Ravi Kishan and Manoj Tiwari, the Minister of State for Ministry of Labour & Employment Rameshwar Teli said, "Employees’ Provident Fund Organisation invests 85 per cent of …

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More
2 years, 10 months ago

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More

News 18  

EPF interest rate 2021-22: The Employees’ Provident Fund Organisation on Saturday decided to pay 8.1 per cent rate of interest on provident fund deposits for the current financial year 2021-22, sources told CNBC-TV18. The rationale behind this recommendation is we want to strike a balance between the safety of EPF corpus with high returns and we will look for well …

EPFO’s pension scheme likely to get a reboot
2 years, 10 months ago

EPFO’s pension scheme likely to get a reboot

Live Mint  

Retirement fund body Employees’ Provident Fund Organisation is toying with the idea of bringing out a new pension product for organised sector workers not covered under the Employees’ Pension Scheme, 1995. Public Provident Fund: PPF is a government-backed savings vehicle with quarterly fixed returns determined by the government. We showcase some of the key differences between NPS and PPF: National …

Reits, Invits are emerging asset class in India
3 years ago

Reits, Invits are emerging asset class in India

Live Mint  

The Indian real estate investment trust market has attained significant maturity since the launch of the Embassy Reit in April 2019. The success of Reits has created even stronger interest from global equity/sovereign/pension funds to invest in development assets as exit mechanism is now established. It will also make Reits in India more attractive to large foreign investors and improve …

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today
3 years, 10 months ago

EPFO likely to announce interest rates on provident fund deposits for FY 2020-21 today

Firstpost  

The Employees Provident Fund Organisation is expected to announce the interest rates on provident fund deposits for the financial year 2020-21 on Thursday. The central board of trustees will meet in Srinagar and reports say the EPFO could lower the rates for FY 20-21 following the economic downturn throughout the last year due to novel coronavirus. In March 2020, the …

InvITs: The next big infra story
4 years, 4 months ago

InvITs: The next big infra story

Live Mint  

India needs a whopping ₹100 lakh crore over the next five years for infrastructure fit out that can lift its growth to the next level, the Union Budget for this fiscal has noted. An InvIT is an investment vehicle created to hold income-generating and operational infrastructure assets such as roads, power transmission lines, gas pipelines, etc. The regulation for InvITs …

EPFO begins survey to assess quantum of fund parked in IL&FS bonds
5 years, 10 months ago

EPFO begins survey to assess quantum of fund parked in IL&FS bonds

Live Mint  

Retirement fund body EPFO has started a survey to assess the amount of investments parked in crisis-hit infrastructure finance company IL&FS by 1,374 private provident fund trusts regulated by it, a source said. The source also informed that the EPFO has also written to the ministries of corporate affairs and finance to protect the body in this situation as its …

EPFO likely to increase proportion of funds to UTI for ETF investment
6 years, 1 month ago

EPFO likely to increase proportion of funds to UTI for ETF investment

Live Mint  

New Delhi: Retirement fund body EPFO is likely to increase fund allocation to its exchange traded fund manager UTI Mutual Funds as it has provided better returns than SBI Capital on ETF investment by the pension fund. At present, the Employees’ Provident Fund Organisation’s 75 per cent ETF investments are handled by SBI Capital, while remaining 25 per cent is …

EPFO seeks EC’s nod for board meeting ahead of assembly polls
6 years, 2 months ago

EPFO seeks EC’s nod for board meeting ahead of assembly polls

Live Mint  

New Delhi: Retirement fund manager Employees Provident Fund Organization has sought the Election Commission of India’s permission to hold a key board meeting so that it does not fall foul of the model code of conduct in force in several states. EPFO’s central board of trustees, which met last in June, was expected to meet again between mid-October and early …

EPFO unlikely to invest more than 15% of its annual deposits in equities
6 years, 3 months ago

EPFO unlikely to invest more than 15% of its annual deposits in equities

Live Mint  

New Delhi: Despite higher returns from its stock market investments, retirement fund manager Employees’ Provident Fund Organization will not invest more than 15% of its annual deposits in equities. Market volatility in an election year and opposition from sections of the EPFO central board, including employees’ representatives and trade union leaders, are being touted as the primary reasons for going …

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