EPFO Plans Separate Benchmarks for EPF, EPS and EDLI
Why in the news
RBI questioned pooling three schemes’ roughly ₹25 trillion corpus under one strategy, so EPFO is studying separate benchmarks.
Key facts
- Schemes: EPF, EPS, EDLI; one benchmark for EPF, another for EPS and EDLI.
- Performance now judged by Crisil against bond yields, Sensex and Nifty 50.
- Approval chain: external experts, EPFO Investment Committee, then government.
- Gains: alignment with each scheme’s liabilities and tighter monitoring of fund managers.
Digital life certificates
- CBT to approve doorstep service via India Post Payments Bank for about 8 million EPS pensioners.
- Fee falls from ₹70 to ₹50, reimbursed by EPFO.
Exam angle
- Equity share currently 5-15% via index funds.