(a)whether there is any proposal to invest funds of EPF in share market;
(b)if so, the details thereof; and
(c)the steps taken by the Government to give more interest on EPF?
(a)whether there is any proposal to invest funds of EPF in share market;
(b)if so, the details thereof; and
(c)the steps taken by the Government to give more interest on EPF?
MINISTER OF LABOUR AND EMPLOYMENT (SHRI MALLIKARJUN KHARGE)
(a) & (b): No, Madam.
(c): Interest on Employees’ Provident Fund (EPF) depends upon return on investment during a particular year.
Professional Fund Managers have been appointed to manage the investment of EPF so that the maximum return on investment
is achieved.