NEW DELHI: Over five crore provident fund subscribers will soon be able to track and redeem at market price the portion of their PF money invested in shares. On Thursday, the retirement fund body's central board of trustees gave its go-ahead to a new accounting policy for its equity-linked investments. The Employees' Provident Fund Organisation is allowed to invest up to 15% of the PF money in equity through exchange-traded funds — the rest is parked in debt instruments. On the equity part, returns will depend on the market price of the ETF at the time the investment is redeemed. According to central provident fund commissioner VP Joy, so far the EPFO has invested `32,000 crore in equity, fetching a cumulative return of around 21%.

Source: Economic Times November 23, 2017 14:48 UTC