EFPO asked to keep powder dry The Employees' Provident Fund Organisation (EFPO) has been asked to keep the powder dry for new fund offer (NFO) of Bharat-22 Exchange-Traded Fund (ETF), through which the centre is looking to mobilise more than Rs 8,000 crore. Sources say the pension body, which mainly takes equity exposure through the ETF route, could invest anywhere between Rs 4,000 crore and Rs 5,000 crore in the NFO, which opens for subscription on Tuesday. Bharat-22 ETF is a basket of 22 companies, with Larsen & Toubro, ITC and State Bank of India as its top three ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Sun, November 12 2017. 23:15 IST
