PF subscribers may be allowed investment options to get higher returns: report
A senior government official had told The Economic Times that the new policy will offer EPFO members the flexibility of choosing an investment pattern of their own choice – equity, debt or a combination of both – to maximise returns, along with the lines of the National Pension Scheme (NPS).
Under NPS, active subscribers are allowed to choose between four schemes – covering government securities, equities, fixed income instruments other than government securities and alternative investment funds – in the proportion they want, subject to overall caps. NPS subscribers can choose to invest up to 75 per cent of their contributions in equities.
Source: Business Today