Loksabha Q&A : EPF Subscribers

Loksabha Q&A : EPF Subscribers

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA

UNSTARRED QUESTION NO. 19
TO BE ANSWERED ON 03.02.2020

EPF SUBSCRIBERS

19. SHRI THIRUNAVUKKARASAR SU:
Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

(a)whether it is true that the Government has invested large amount from EPF subscribers in various stocks, bonds, debentures and mutual benefit schemes and if so, the details thereof;
(b)whether the funds deposited by the EPF subscribers are being invested in shares of blue chip companies;
(c)if so, the details thereof and the list of such companies where EPF funds were invested;
(d)whether the Government has funded any loans from EPF to various Government projects; and
(e)if so, the details thereof and the Government’s stand in this regard?

ANSWER

MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)

(a) to (c): Employees’ Provident Fund Organisation (EPFO) invest 85 per cent of the Funds in Debt instruments and 15 per cent of the investment is made in Exchange Traded Funds (ETFs), as per Investment Pattern notified by the Government. The investment in ETFs is made based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. EPFO does not invest in shares and equities of individual companies.

(d): No, Sir.

(e): Does not arise in view of the reply to part (e) of the Question above.

Source : Loksabha

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