You are also a member of EPFO! Your money is invested in these two companies of Gautam Adani Group
A few days ago, the Employees’ Provident Fund Organization (EPFO) was approved to invest in shares. Your amount deposited in EPFO is invested in shares through nifty50 stocks. It also includes companies like Adani Enterprises and Adani Ports. Since the Hindenburg Research report came out on January 24 this year, there has been a lot of weakness in the shares of Adani Enterprises and Adani Ports.
After the report of Hindenburg Research, many big investors have started refraining from investing in the shares of Adani Group, but even after this, a large part of your money put in Employees Provident Fund Organization has been invested in two companies of Adani Group.
The names of Gautam Adani Group’s Adani Enterprises and Adani Ports are included in these. A meeting of the board members of EPFO is going to be held in which it will be decided whether to continue investing EPFO in Gautam Adani Group companies or not.
Employees Provident Fund Organization EPFO has deposits of about 28 crore investors in the formal sector. EPFO invests its funds in ETFs linked to the Nifty Fifty exchange.
Every month a large part of the amount deducted from your salary and deposited in your PF account is being invested in companies like Adani Enterprises and Adani Ports without your knowledge or approval. EPFO is an organization providing social security, which has a fund of more than 13 lakh crore rupees.
EPFO invests in nifty50 and sensex index as a strategy to give better returns to the investors. EPFO is investing in Adani Ports and Adani Enterprises included in Nifty Fifty stocks without the subscriber’s permission or alternative investment avenues.
Experts are now talking about more transparency and accountability in the funds managed by EPFO. He believes that EPFO should make socially responsible investments. Many experts suggest that EPFO needs to diversify its investment portfolio to earn better returns in the long run.
