SBI gives highest return of 9.7% on EPFO funds
Apr 05, 2009
Personal Finance
In July last year, the EPFO had appointed HSBC AMC, ICICI Pru AMC, Reliance AMC and SBI as fund managers to manage a part of it’s overall corpus, the main objective being an improvement in returns on EPFO’s investments.
Based on performance figures, SBI has given a return of 9.7%, which is better than that given by HSBC (8.5%), ICICI (9%) and Reliance (9.1%). The period under review was September 17 to December 31, 2008.
EPFO has invested Rs.30,461 crore in central government securities, which earns a return of 7.25%, and Rs.20,000 crore in state government securities and loans, which fetches a return of 7.5%.
Related Posts:
