EPFO to invest 5% of annual deposits in alternative funds, InvITs

The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has given in-principle approval to invest up to five per cent of its annual deposits in alternative investments including infrastructure investment trusts (InvITs), as per media reports. However, the Finance Investment and Audit Committee (FIAC) will take the final decision on investment on case on case basis, it stated. The CBT has also approved setting up of four sub-committees to look into aspects of social security.

References
1. https://www.pib.gov.in/PressReleasePage.aspx?PRID=1773459
2. https://economictimes.indiatimes.com/news/economy/policy/epfo-approves-public-sector-invit-bonds-as-investment-options/articleshow/87816273.cms