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EPF board to consider market investment

NEW DELHI: In an effort to pay higher returns to its subscribers, the Employees Provident Fund (EPF) Board may examine the option of investing five per cent EPF corpus money in stock markets, Union Labour Minister Oscar Fernandes said on Tuesday. Ahead of the meeting of the EPF Central Board of Trustees to finalise the interest rate for 2007-08, Mr. Fernandes said that the option to make investment in the capital market was ‘still open’.

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