EPFO plans to invest in startups, AIFs five years after govt approval

The Employees Provident Fund Organisation is working on guidelines for investing in alternative investment funds for better portfolio diversification. The proposed allocation could be up to 3% of fresh annual accretions to these funds. This decision follows recommendations for EPFO's participation in the Startup India Fund of Funds 2.0. Proposed safeguards will include limits on individual fund exposures and minimum...