The Employees’ Provident Fund Organisation is planning to hire two consultants to manage its debt and equity portfolio separately, instead of one so far, as the investments of the retirement fund body swell with an increase in the formal workforce.
A high-level committee will soon be formed to propose the division of work between two consultants.
The proposal was first mooted by the finance, investment and audit committee, a senior government official told ET. “It is proposed to have two consultants, one focussing on debt side and the other on equity side and research, and for that purpose a committee is proposed to be constituted,” the official said.
Source:
Economic Times
