The investment limit in ETFs has been recommended to be raised from 10 per cent to 15 per cent by the Central Board of Trustees, Employees Provident Fund in its 218th meeting held on 27.05.2017. Accordingly the estimated investment in ETF for the current Financial Year is approximately Rs. 22,500 crore.
The details of investment in Exchange Traded Funds (ETFs) during 2015-16 & 2016-17 are as under:
2015-16 (Fig. in Rs. Crore)
|
SBI Nifty 50 ETF |
4,922 |
|
SBI Sensex ETF |
1,655 |
|
Total |
6,577 |
2016-17(Fig in Rs. Crore)
|
SBI Nifty 50 ETF |
7,912 |
|
SBI Sensex ETF |
2,691 |
|
UTI Nifty 50 ETF |
1,911 |
|
UTI Sensex ETF |
662 |
|
CPSE ETF |
1,808 |
|
Total |
14,984 |
This information was given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour & Employment, in a written reply to a question in Rajya Sabha, today.
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"
Views 94 Report
