Big decision by Modi Govt! EPFO, PF trust may generate more money for you now | Benefit EXPLAINED here
Modi Government has allowed Employees' Provident Fund Organisation (EPFO) and Exempted Provident Fund Trusts to invest in public sector debt ETFs (Exchange Traded Funds) like Bharat Bond ETF.
Despite an 8.5 per cent interest rate declared by the EPFO for FY20, these ETFs have yields in the 4.5 per cent to 6.6 percent range and have exempted PF trusts also to match.