EPFO Invests ₹34,207.93 Crore in ETFs in FY 2024-25 (April–October)

The Employees’ Provident Fund Organisation (EPFO) invested ₹34,207.93 crore in exchange-traded funds (ETFs) during April–October 2024. Minister of State for Labour & Employment Shobha Karandlaje informed the Lok Sabha that EPFO’s total ETF investments this fiscal year stand at ₹57,184.24 crore.

As of March 31, 2024, EPFO managed a total fund corpus of ₹24.75 lakh crore, with ₹22.41 lakh crore in debt investments and ₹2.35 lakh crore in ETFs. EPFO invests in ETFs that replicate indices like BSE Sensex and NSE Nifty-50 and in Bharat 22 and CPSE indices for disinvestment purposes. Notably, EPFO does not invest directly in individual stocks, whether listed or unlisted.

Centralised Pension Payments System (CPPS)

The EPFO successfully completed a pilot run of the Centralised Pension Payments System (CPPS) under the Employees’ Pension Scheme (EPS) on October 29-30, 2024. Over ₹11 crore was disbursed to more than 49,000 pensioners in Jammu, Srinagar, and Karnal. This system allows pensioners to access pensions from any bank branch across India.

Process Reforms and Claim Settlements
EPFO implemented automation for smaller claims up to ₹1 lakh, resulting in over 1.35 crore claims being auto-settled between April 1 and November 26, 2024.

IT Upgrades for Better Service
To address delays in internal claim processing, EPFO has upgraded its operating systems and database versions and tuned performance. The Centralised IT Enabled System (CITES) 2.01, managed by C-DAC, is part of ongoing IT enhancements to streamline services and improve user experiences for EPFO members.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.