India pension fund to start equity investments in July

reuters-Starting in July, India’s state-run pension and social security fund will invest about $800 million in equities in the current fiscal year, Labour Minister Bandaru Dattatreya said, in a long-awaited move that may help finance an ambitious privatization programme.

The more-than-$100 billion Employees’ Provident Fund Organisation (EPFO) intends to place an initial 1 percent of its investments in exchange traded funds, increasing to 5 percent of the annual total in equity products by March 31.

($1 = 63.6100 rupees)

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.