The Employees' Provident Fund Organisation (EPFO) may soon provide age-based and risk profile-based investment options to its subscribers. With this, the organisation will invest a higher percentage of the money from young subscribers into equity. For those nearing retirement, the money will be invested in safe debt.
A report by Economic Times (ET) stated that the step is a part of the organisation's long-term roadmap to expand its portfolio and improve the returns of investment.
Under the current rules, EPFO can invest up to 15 per cent of the funds into equity through ETFs. These can be based on the Nifty, Sensex, and Bharat 22 indices. EPFO has 60 million subscribers with a corpus of Rs 15 trillion, the report