News Formal

EPF approves 299 funds for its member investment scheme

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

EPF approves 299 funds for its member investment scheme FMTNews FMTBusiness

The Employees Provident Fund has released the list of 299 approved funds which its members can invest in through the Member Investment Scheme.

She said the EPF anticipates more SRI funds that meet its evaluation criteria to be listed in the future. The two qualifying criteria for funds evaluation include the consistency of performance and its relative performance against the benchmark. This includes investing with unit trust management companies and private mandate companies, depending on their eligibility based on the basic savings quantum.

She added that members will be able to access information on the applicable cost of investment and the historical performance of funds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-second finance minister says EPF facility risks saddling loan takers with interest paymentsKUALA LUMPUR, April 9 — The move to let contributors use their Employees Provident Fund (EPF) savings as loan collaterals could lead to various problems that include saddling...
Source: malaymail - 🏆 1. / 86 Read more »