EPFO may invest in private corporate bonds.


Looking to maximise yields, the Employees’ Provident Fund Organisation (EPFO) is likely to start investing again in corporate bonds issued by private sector companies, after a gap of over two years.

As per the current investment pattern, the EPFO can invest up to 20 per cent of its annual incremental deposits — around Rs 36,000 crore at present — in corporate bonds. But the investments have in recent years been restricted to bonds of public sector companies. Options like when to invest in private-sector bonds and when and how to exit from such investments were discussed at the retirement fund body’s Finance Investment and Audit Committee (FIAC) meeting on Wednesday.

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