Profit

EPF board to invest in MFs

PUBLISHED ON: March 30, 2006

  
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The Employees Provident Fund board has arrived at an informal agreement to invest 5 per cent of incremental deposits into equity-oriented mutual funds. SBI will manage this corpus. At current levels, this works out to about Rs 500-800 crore of EPF money. For Dalal Street, this might just be peanuts, but analysts say this is a good beginning.
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