EPFO may invest more in equities next year: Labour Minister

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Employees’ Provident Fund Organisation (EPFO) could invest more into equities in the next fiscal year starting April by raising the current limit set at 5 percent of total investible assets, Labour Minister Bandaru Dattatreya said on Thursday.

The comments come as state pension fund said on Thursday it would invest in stocks this year for the first time.

EPFO chief also said that the equity investment can be as high as 70-80 billion rupees this year after including other long term assets.

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