At the same time, risk-averse EPFO subscribers may also get the option to reduce their equity contribution under the plans being considered, said the official. To be sure, raising the investment limit could see more funds going into Indian stocks, bolstering them at a time when they have been rattled by looming trade wars.
CBT is the highest decisionmaking body of the EPFO and is chaired by the labour minister, currently Santosh Gangwar. It comprises representatives of trade unions, employers and central and state governments. The official told ET that the agenda for 222nd CBT meeting was still being finalised but the equity plan may be discussed. “Considering that we have a unitisation policy for equity investments in place, which will be operational soon, we are now planning to move a step forward and give choice to our subscribers to either increase or decrease the investments in equity beyond the existing 15%,” the official said.
Source: Economic Times