📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    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)?
    A IRDAI Correct Answer Incorrect Answer
    B NIACL Correct Answer Incorrect Answer
    C EPFO Correct Answer Incorrect Answer
    D ESIC Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next
    More Beepedia Questions
    ask-question