NEW DELHI: Employee welfare funds of private sector firms may soon be allowed to invest more in equity and money market instruments. The government on Friday issued draft guidelines for the investment pattern to be followed by non-government provident funds, superannuation funds and gratuity funds. The draft guidelines state that they can invest up to 10% of their total funds in shares of Sensex and Nifty companies compared to the current ceiling of 5%.
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Saturday, September 15, 2007
Private PFs get more room for stock play
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