#MCProOpinion | How long will #EPFO remain opaque? It must disclose its portfolio 👇
https://www.moneycontrol.com/news/opinion/hows-epfo-able-to-give-8-5-return-in-a-low-interest-rate-environment-6617491.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/opinion/hows-epfo-able-to-give-8-5-return-in-a-low-interest-rate-environment-6617491.html?utm_source=telegram&utm_medium=social
Moneycontrol
How’s EPFO Able To Give 8.5% Return In A Low-interest Rate Environment?
The EPFO has a highly conservative investment mandate with almost half its money supposed to be invested in government or quasi-government securities. Barely 15 percent is put into equities
#MCExclusive ⚡️ A surge in the stock market has fetched the #EPFO a 14.6% annualised return on its Rs.1.23-trillion cumulative equity investments, reports Prashant K. Nanda.
Read at 🔻
https://www.moneycontrol.com/news/business/markets/exclusive-epfos-rs-1-23-trillion-equity-investment-fetches-14-6-return-7730491.html?utm_source=telegram&utm_medium=social
Read at 🔻
https://www.moneycontrol.com/news/business/markets/exclusive-epfos-rs-1-23-trillion-equity-investment-fetches-14-6-return-7730491.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive: EPFO’s Rs 1.23-trillion Equity Investment Fetches 14.6% Return
Exposure to Bharat 22 draws just 2.1 percent annualised return and investment in CPSE ETF yields negative returns by the end of FY21.
#JustIn: The central board of the #EPFO today approved investing up to 5% of the annual deposits in alternative investments including infrastructure investment trusts (InvITs).
Prashant Nanda brings us the details from the meeting ⬇️
https://www.moneycontrol.com/news/business/epfo-to-invest-up-to-5-of-annual-deposits-in-invits-alternative-funds-7742791.html?utm_source=telegram&utm_medium=social
Prashant Nanda brings us the details from the meeting ⬇️
https://www.moneycontrol.com/news/business/epfo-to-invest-up-to-5-of-annual-deposits-in-invits-alternative-funds-7742791.html?utm_source=telegram&utm_medium=social
Moneycontrol
EPFO May Park 5% Annual Deposits In Infra Investment Trusts, Alternative Funds
Only government-backed alternative funds will be considered for investment. The board also decided to set up four sub-committees including two on employees pension scheme and social security provisions.
#MCExclusive | Retirement fund manager #EPFO is aiming to achieve 100% registration of e-nominations to #PF accounts where it is missing, at least 40% of the active #EPF subscriber accounts are without nominations.
Prashant K Nanda ✍️ at
https://www.moneycontrol.com/news/business/economy/exclusive-epfo-aims-to-achieve-100-e-nomination-by-february-makes-it-crucial-for-pf-withdrawal-7878801.html?utm_source=telegram&utm_medium=social
#ENomination #retirement
Prashant K Nanda ✍️ at
https://www.moneycontrol.com/news/business/economy/exclusive-epfo-aims-to-achieve-100-e-nomination-by-february-makes-it-crucial-for-pf-withdrawal-7878801.html?utm_source=telegram&utm_medium=social
#ENomination #retirement
Moneycontrol
Exclusive: EPFO aims to achieve 100% e-nomination by February, makes it 'crucial' for PF withdrawal
At least 40 percent of the active EPF subscribers' accounts are without nominations, and the pension fund body believes that this needs to be plugged on a priority
At least 8,27, 979 people joined formal work for the first time in November, showing a marginal uptick in the formal sector job creation over the month-ago period, the payroll data of the #EPFO
Prashant K . Nanda writes at
https://www.moneycontrol.com/news/business/companies/november-sees-8-28-lakh-fresh-additions-to-formal-work-better-than-october-epfo-payroll-7964151.html
Prashant K . Nanda writes at
https://www.moneycontrol.com/news/business/companies/november-sees-8-28-lakh-fresh-additions-to-formal-work-better-than-october-epfo-payroll-7964151.html
Moneycontrol
November sees 8.28 lakh additions to formal work, beats October score: EPFO Payroll
Companies and establishments in Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are the lead job creators. November also saw more women joining formal work than those in October.
#MCExclusive: The #EPFO has liquidated almost Rs. 12,785 crore worth equity investments in #ETFs and will use capital gains of around 5,529 crore from it for FY22 EPF interest payout.
Read more 👇
https://www.moneycontrol.com/news/business/economy/exclusive-epfo-redeems-rs-12785-crore-of-etfs-for-fy22-interest-payout-8212501.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/economy/exclusive-epfo-redeems-rs-12785-crore-of-etfs-for-fy22-interest-payout-8212501.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive: EPFO redeems Rs 12,785 crore of ETFs for FY22 interest payout
EPFO sold its investments made during July-December 2017 under an accounting rule called FIFO, and has garnered Rs 5,529 crore of capital gains and will use it for FY22 interest rate calculation. EPF interest rate for the 2021-22 financial year will be announced…
#MCProPersonalFinance: Although the #EPFO has slashed its promised return to 8.1%, it will have a hard time achieving that in today's debt markets. Time for it to step up allocation to #ETFs.
Read at 👇
https://www.moneycontrol.com/news/business/markets/personal-finance-epfos-proposal-to-lower-rates-makes-etf-investing-more-compelling-8227991.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/markets/personal-finance-epfos-proposal-to-lower-rates-makes-etf-investing-more-compelling-8227991.html?utm_source=telegram&utm_medium=social
Moneycontrol
Personal Finance: EPFO’s proposal to lower rates makes ETF investing more compelling
Investors could ramp up equity allocation through Exchange Traded Funds to enhance portfolio returns at a time when the secure EPF returns are set to come down
#MCPersonalFinance: Here are three reasons why #EPFO continues to score over other, secure, fixed income avenues 👇
https://www.moneycontrol.com/news/business/personal-finance/why-epf-is-still-a-winner-despite-lowest-rate-in-over-four-decades-8262681.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/personal-finance/why-epf-is-still-a-winner-despite-lowest-rate-in-over-four-decades-8262681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Why EPF is still a winner despite lowest rate in over four decades
The EPFO has announced lowest interest rate in over 40 years, causing heartburn among EPFO’s 60 million members, or salaried employees. However, EPF as well as its extension VPF continue to be indispensable as retirement planning tools.
#MCPersonalFinance: #EPFO rules prohibit withdrawing your corpus during your employment years, barring a few emergencies. In reality, the #EPF corpus will grow big silently in the background if left untouched.
Read:
https://www.moneycontrol.com/news/business/personal-finance/withdrawing-your-employees-provident-fund-corpus-is-a-mistake-you-must-avoid-8266151.html?utm_source=telegram&utm_medium=social
Read:
https://www.moneycontrol.com/news/business/personal-finance/withdrawing-your-employees-provident-fund-corpus-is-a-mistake-you-must-avoid-8266151.html?utm_source=telegram&utm_medium=social
Moneycontrol
Withdrawing your Employees’ Provident Fund corpus is a mistake you must avoid
Employees’ Provident Fund Organisation rules prohibit withdrawing your corpus during your employment years, barring a few emergencies. Making withdrawals due to sabbaticals or entrepreneurial pursuits is an easy way out. In reality, the EPF corpus will grow…
#MCPersonalFinance: Here are three reasons why #EPFO continues to score over other, secure, fixed income avenues 👇
https://moneycontrol.com/news/business/personal-finance/why-epf-is-still-a-winner-despite-lowest-rate-in-over-four-decades-8262681.html?utm_source=telegram&utm_medium=social
https://moneycontrol.com/news/business/personal-finance/why-epf-is-still-a-winner-despite-lowest-rate-in-over-four-decades-8262681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Why EPF is still a winner despite lowest rate in over four decades
The EPFO has announced lowest interest rate in over 40 years, causing heartburn among EPFO’s 60 million members, or salaried employees. However, EPF as well as its extension VPF continue to be indispensable as retirement planning tools.
#MCExclusive: Salaried employees will not be required to wait till the end of 2022 to get their FY22 PF interest credited to their account as the #EPFO is expected to complete the process well in advance.
Read the details 👇
https://www.moneycontrol.com/news/business/economy/exclusive-epfo-interest-rate-credit-likely-to-happen-earlier-than-previous-years-8458421.html?utm_source=telegram&utm_medium=social
Read the details 👇
https://www.moneycontrol.com/news/business/economy/exclusive-epfo-interest-rate-credit-likely-to-happen-earlier-than-previous-years-8458421.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive | EPFO interest rate credit likely to happen earlier than previous years
Crediting an interest rate of 8.1% earlier will also benefit EPFO’s financial health as the outgo will be less during PF claim settlements.
#MCPersonalFinance: Here are three reasons why #EPFO continues to score over other, secure, fixed income avenues.
Read at 👇
https://bit.ly/3xe4uKc
Read at 👇
https://bit.ly/3xe4uKc
Moneycontrol
Why EPF is still a winner despite lowest rate in over four decades
The EPFO has announced lowest interest rate in over 40 years, causing heartburn among EPFO’s 60 million members, or salaried employees. However, EPF as well as its extension VPF continue to be indispensable as retirement planning tools.
Coming Up On #MorningTrade at 8.30AM 🔥
How does #EPFO interest rate cut impact you? 🤔 We ask Suresh Sadagopan of Ladder7 Wealth Planners Pvt. Ltd..
As usual, we also answer all your stock queries LIVE with Raja Venkatraman of Neotrader.
Tune in with Sumaira Abidi 🔗 https://www.youtube.com/watch?v=eAPibqBqjcQ
How does #EPFO interest rate cut impact you? 🤔 We ask Suresh Sadagopan of Ladder7 Wealth Planners Pvt. Ltd..
As usual, we also answer all your stock queries LIVE with Raja Venkatraman of Neotrader.
Tune in with Sumaira Abidi 🔗 https://www.youtube.com/watch?v=eAPibqBqjcQ
#MCPersonalFinance: Every year during #Diwali, the chatter grows about how soon #EPFO subscribers will get their interest for the previous financial year credited into their EPF accounts. This year has been no different.
Here’s a guide to understanding the basic features and benefits of EPF 👇
https://bit.ly/3Srzqy9
Here’s a guide to understanding the basic features and benefits of EPF 👇
https://bit.ly/3Srzqy9
Moneycontrol
Will the Employees’ Provident Fund bring cheer this Diwali season?
Despite interest rates soaring, the Employees’ Provident Fund continues to be an attractive option. But those who voluntarily contribute over Rs 2.5 lakh every year can look at the National Pension System instead, say experts.
The #EPFO continues to invest in #AdaniEnterprises & #AdaniPorts even after the port-to-energy conglomerate’s stocks were pounded rout following a damaging short-seller report.
Read at 👇
https://bit.ly/40jMSsC
Read at 👇
https://bit.ly/40jMSsC
#MCPersonalFinance | #EPFO has specified the method for computing pension based on one’s actual salary, instead of the statutory limit of Rs 15,000
Is it worth considering? 💰 Dive into the details to understand 👇
https://bit.ly/3Phfe4a
Is it worth considering? 💰 Dive into the details to understand 👇
https://bit.ly/3Phfe4a
Moneycontrol
Higher pension calculation: Should you opt for higher pension per EPFO’s new formula? It’s complicated
Higher pension on actual salary: In order to avail of this, you will need to transfer funds from your PF to your EPS account, computing which is a challenge. Plus, there are other challenges when it comes to claiming what you’ve contributed. Also, the pension…
#StartupsWithMC: Byju’s has not paid provident fund (#PF) to a majority of its employees for June even despite a nudge from the Employee Provident Fund Organisation (#EPFO) last month over irregularity in PF contributions, data sourced by Moneycontrol showed
Read here👇
https://www.moneycontrol.com/news/business/startup/byjus-delays-pf-payments-for-most-employees-again-despite-epfo-nudge-11016461.html?utm_source=telegram&utm_medium=social
Read here👇
https://www.moneycontrol.com/news/business/startup/byjus-delays-pf-payments-for-most-employees-again-despite-epfo-nudge-11016461.html?utm_source=telegram&utm_medium=social
Moneycontrol
Byju’s delays PF payments for most employees again despite EPFO nudge
The company had agreed to clear June PF payments by July 15 after Moneycontrol and a few other media outlets reported about a delay in PF payments.
#Business | 🛫️ SpiceJet hasn't deposited employee provident fund since 2022, says EPFO to CNBC-TV18.
Read more on this⤵️
https://www.moneycontrol.com/news/business/spicejet-employee-provident-fund-dues-12764452.html
#ProvidentFund #SpiceJet #EPFO
Read more on this⤵️
https://www.moneycontrol.com/news/business/spicejet-employee-provident-fund-dues-12764452.html
#ProvidentFund #SpiceJet #EPFO
Moneycontrol
SpiceJet has not deposited employee provident fund since 2022: EPFO to CNBC-TV18
The EPFO has issued notices and summons to SpiceJet in this regard, an RTI query has revealed. The airline's response in this matter is awaited.