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EPFO empowers advisory body FIAC to take call on investment in new instruments like InvITs
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Retirement fund manager EPFO on Saturday decided to empower its advisory body Finance Investment and Audit Committee (FIAC) to take a call on investing in new asset classes like InvITs.
At present, the National Highways Authority of India (NHAI) and Power Grid Corporation (PGCIL) have launched public sector infrastructure investment trusts (InvITs). The EPFO would also go for public sector bonds.
The decision was taken at the 229th meeting of the Employees’ Provident Fund Organisation’s apex
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