EPFO invests nearly Rs 17,000 crore in equities during Q1
The organisation's cumulative equity exposure rose to 11.2 per cent of its total investment corpus by the end of June.
The Employees' Provident Fund Organisation (EPFO) deployed nearly Rs 17,000 crore in fresh equity investments during the April-June quarter, according to the Times of India.
This fresh deployment accounted for 14.6 per cent of all new investments made across asset classes during the quarter. The Employees' Provident Fund (EPF) led the equity investments with approximately Rs 12,000 crore, while the Employees' Pension Scheme (EPS) contributed about Rs 4,800 crore.
By the end of June, the cumulative equity corpus of the EPFO rose to around Rs 3.7 lakh crore. This brought the total equity exposure to 11.2 per cent of the organisation's Rs 33.2 lakh crore investment corpus.
Of the nearly Rs 1.2 lakh crore in fresh investments made during the first quarter, short-term debt instruments and cash equivalents received 48 per cent, totaling around Rs 56,000 crore. Long-term sovereign assets saw nearly 30 per cent of the fresh assets, amounting to Rs 36,000 crore.
The EPFO is permitted to deploy up to 15 per cent of its corpus in equities. The organisation recorded no redemptions of equity units during the first quarter, maintaining an accumulation strategy.