Subscribers will have the freedom to withdraw the non-equity component and keep the ETF units in their PF account even after retirement or in the case of early withdrawal. Photo: Pradeep Gaur/MintNew Delhi: The Employees’ Provident Fund Organisation (EPFO) on Thursday decided to credit units of exchanged traded funds (ETF) to the provident fund (PF) accounts of its over 45 million subscribers, giving them a window to monetize the fund’s equity exposure. This means EPFO subscribers will now get to see ETF units as well as the non-equity component of their retirement corpus in their account. It has earned an annual return of 21.87% but this is notional as EPFO fund managers have not liquidated the investments. The retirement fund manager took the help of the Indian Institute of Management-Bangalore to devise a formula by which it could credit ETF units to subscribers, he added.

Source: Mint November 23, 2017 21:00 UTC