The finance ministry in August last year had suggested an investment pattern to EPFO under which the organisation could park up to 15 per cent of its funds in the companies listed on the Bombay Stock Exchange and the National Stock Exchange and also equity-linked schemes of Sebi-regulated mutual funds.
However, the proposal was rejected by the finance and investment committee of EPFO at its meeting on March 26 this year. The recommendations of the finance and investment committee are usually accepted by CBT, which has the final authority.
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