Govt To Appoint More Fund Managers For EPFO Corpus

The government on Saturday said it is planning to appoint more fund managers for the efficient management of the Employees Provident Fund Organisation corpus.There would soon be multiple fund managers to manage the fund of EPFO, which has over 4 crore subscriber.Currently, the country''s largest public sector lender State Bank of India is the sole fund manager.In line with managers for new pension scheme for government employees, EPFO would also have multiple fund managers for the efficient management of the corpus.When asked about whether the corpus of the EPFO can be invested in the stock market, Pillai said, no consensus has been arrived at on the issue.