EPFO mulls crediting ETF units to PF accounts
Retirement fund body EPFO is considering crediting subscribers' share of its investments in ETFs to their provident fund accounts which may be redeemed at the time of taking advances.
The Employees' Provident Fund Organisation's (EPFO) has sought views from the Comptroller and Auditor General (CAG) in this regard.
As per estimates, EPFO's investment in ETFs is expected to touch Rs 45,000 crore by the end of the current fiscal.
The CAG is likely to give its comments shortly, Central Provident Fund Commissioner V P Joy told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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