EPFO may invest 4000 to 5000 Crores in Share Market-Watch out for PSU Stocks
- Employee Provident Fund Organization (EPFO) of which all working class in India save there money for retirement will start investing from 5 to 15 % of the money in Market.
- This could be a huge game changer in market.Traditionally India depends on FII flows to move the market up.
- But with consistent money coming in from LIC and local MF,market has moved to new highs.
- But there was always a risk that people pull out the money and then we again depend on FII to move the market.
- But with EPFO coming in it could decide the whole game. At 5% investment it around 5000 crores and at 15% investment its around 15000 crores. This is a good amount of money to move the market to new highs and depend less on FII's
- Also markets are expecting that this money could be invested in Navratna Government Companies intially and slowly spread to NIFTY stocks.
