EPF approves 299 funds for its member investment scheme

📆 10/04/2023 08:57:00
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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.

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