EPFO Board okays redemption policy for ETFs to boost earnings for members ...Middle East

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EPFO Board okays redemption policy for ETFs to boost earnings for members
New Delhi: The meeting of the EPFO Central Board of Trustees, chaired by Union Labour and Employment Minister Mansukh Mandaviya, on Saturday approved a Redemption Policy for exchange-traded fund (ETF) investments in CPSE and Bharat 22 to generate higher income for the EPF Scheme’s ‘Interest Account’. The policy mandates a minimum five-year holding, returns exceeding government securities, and performance above the CPSE and Bharat 22 indices, according to an official statement issued after the meeting. The CBT also approved the guidelines for investment in Units issued by Public Sector Undertaking (PSU) sponsored Infrastructure Investment Trusts (InvITs)/ Real Estate Investment Trusts (REITs

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