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EPFO likely to appoint 3 AMCs as fund managers

New Delhi: Retirement fund manager EPFO is likely to appoint next week at its trustees’ meet asset management firms HSBC AMC, UTI AMC and SBI Mutual Fund as its fund managers for a three-year term. The Employees’ Provident Fund Organisation’s (EPFO) advisory body Finance, Audit and Investment Committee has finalised and recommended names of three asset management firms, a source said. Now the proposal finalised would be placed before the EPFO’s apex decision-making body Central Board of Trustees.
Source: Economic Times