Recently which of the following organization has approved to invest up to 5% of its annual deposits in alternative investments funds including the infrastructure investment trusts (InvITs)?

Employees’ Provident Fund Organisation (EPFO) has approved the government’s proposal to allow the retirement fund body to invest up to 5% of its annual deposits in alternative investments funds including the infrastructure investment trusts (InvITs). This will be on a case-to-case basis and on approval from the Finance Investment and Audit Committee and the investments will initially be restricted to public sector funds only. Thus from now, the government allowed up to 5% investment in asset-backed, trust-structured and miscellaneous investments including the alternate investment funds (AIFs), real estate investment trusts (REITs) and units of infrastructure investment trusts (InvIT), paving way for EPFO to expand its investment basket to maximise returns.