EPFO ​​likely to increase equity investment limit to 20 percent

                A decision may be taken in the EPFO ​​trustee meeting at the end of the month

Retirement fund body EPFO ​​is likely to approve a proposal to increase its investment in equities to 20 per cent from the current limit of 15 per cent this month. According to sources, the proposal will be considered and approved during the meeting of EPFO ​​trustees to be held on July 29 and 30. Currently, EPFO ​​can invest 5 to 15 percent of investable deposits in equity or equity-related schemes.

The proposal to revise the limit to 20 percent has been scrutinized and approved by the Finance Audit and Investment Committee (FAIC), an advisory body of the Employees Provident Fund Organization (EPFO). FAIC's recommendation will be placed before EPFO's highest decision-making body—the Central Board of Trustees (CBT)—for consideration and approval.

The Central Board of Trustees (CBT), headed by the Union Labor Minister, is likely to approve FAIC's recommendation to increase investmentin equity and equity-related schemes from the current 5-15 per cent to 5-20 per cent. In a written reply in the Lok Sabha on Monday, Minister of State for Labor and Employment Rameshwar Teli said, “The sub-committee of FIAC, CBTEPF has recommended a proposal to investment in CBT has reduced the investment pattern for EPF consideration from 5-15 percent to 5-20 percent.

EPFO started investing in Exchange Traded Funds (ETFs) in August 2015 with 5 per cent of its investable deposits in stock-linked products.

The notional return on EPFO's equity-linked investments has increased from 14.67 per cent in 2020-21 to 16.27 per cent in 2021-22 which had been a negative return during Covid. The response also pointed out that the notional rate of return on equity relatedinvestments of EPFO ​​was negative at (-) 8.29 percent in 2019-20 due to the impact of Covid-19.

Raise your earning with ideal stock to raising your funds click here and get best offers.<<<<<Best stock tips.

EQUITY CALLS SUMMARY OR CLOSING BELL BY IDEAL STOCK INVESTMENT ADVISORY

IDEAL CLOSING BUZZ :- 

NIFTY DOWN (-139.25) @11174.75 

BANK NIFTY DOWN (-682.25) @27731.85 

SENSEX DOWN (-433.56) @37673.31 

USDINR, CMP @71.0300 (+0.1450)

SUMMARY:-

RESEARCH 1 TODAY CALLS UPDATE:-

CASH BASIC – TOTAL GIVEN CALLS – 03

RBL BANK - COST TO COST

SIEMENS – STOP LOSS TRIGGER

SUN PHARMA – 1st TGT HIT

FUTURE BASIC – TOTAL GIVEN CALLS - 03

TVS MOTOR – 2nd TGT HIT

GLENMARK – STOP LOSS TRIGGER

SUN PHARMA – 1st TGT HIT

OPTION BASIC – TOTAL GIVEN CALLS - 01

PFC 65 CE – 1st TGT HIT

FUTURE HNI – TOTAL GIVEN CALLS – 01

M&M – COST TO COST

CASH HNI – TOTAL GIVEN CALLS – 00

RESEARCH 2 TODAY CALLS UPDATE:-

FUTURE IDEAL – TOTAL GIVEN CALLS – 01

TVS MOTOR – STOP LOSS TRIGGER

CASH IDEAL – TOTAL GIVEN CALLS – 01

DAAWAT – 1st TGT HIT

OPTION IDEAL – TOTAL GIVEN CALLS – 01

HINDPETRO 320 PE – 1st TGT HIT

OPTION HNI – TOTAL GIVEN CALLS – 01

HDFC 2000 CE – STOP LOSS TRIGGER

MEGA DERIVATIVE – TOTAL GIVEN CALLS – 00

HINDALCO – BOOK PROFIT 3150/- PER LOT

INDEX FUTURE & OPTION – TOTAL GIVEN CALLS – 02

NIFTY – COST TO COST

BANKNIFTY 28500 PE (10–OCT) – FINAL TGT HIT

Ideal Stock Investment advisory provides extra profit…!!!  Fill our Free Trial form enjoy 2 days Free for all segment, special stock option tips,  We provide 3-4 calls per day in good price, “Your profit is our success, believe us and grow up” Indian Stock Market News, or best our research call Click here Or Watch More- 2 Days Free Trial

BPCL`s stake sale may prompt bond redemption: Moody`s

Rating agency Moodys Investors Service on Thursday said the-

proposed stake sale of state-run Bharat Petroleum Corporation (BPCL) could sever the company's links to the government and prompt bond redemption which will be a credit negative.

According to the rating agency, if the stake sale goes ahead, the impact on BPCL's credit ratings will depend on whether the buyer is another state-owned company or a non-state-owned enterprise.

"BPCL's Baa2 ratings incorporate our expectation of the high likelihood of extraordinary support from the government, which results in two notches of uplift in the ratings," the rating agency said in a statement.

If the government sells its entire stake to a non-government owned company, the rating agency said: "We will no longer include the support from the government in BPCL's ratings. As a result, we will likely downgrade BPCL's ratings to Ba1, which is equal to its current Baseline Credit Assessment or its standalone credit strength, assuming there are no changes to the fundamental credit profile including our assessment of liquidity and refinancing risk.

"If the stake is sold to another government-owned company such that the government

continues to appoint all of BPCL's board of directors and have substantial control over its operations, we will continue to include support in BPCL's ratings."

However, it pointed out that a stake sale, whether to a non-government enterprise or a state-owned firm, will trigger a change of control on BPCL's bonds, which will require the company to redeem its bonds within 45 days of the change of control being triggered.

"There is no rating condition attached to the put option for bondholders. A bond redemption will increase BPCL's refinancing risk significantly," the statement said.

As of September 30, 2019, BPCL had $1.7 billion of foreign currency bonds outstanding.

"BPCL's liquidity is already inadequate and redemption of the foreign currency bonds will expose BPCL to significant refinancing risk," the statement said.

On September 30, 2019, the group of secretaries on disinvestment gave its approval for

the government to sell its entire 53.29 percent stake in BPCL.

Fill Our Free Trial Form – Watch our Stock Market Target Calls Quality, Track sheet - Click Here or Subscribe us for Trading Trials >>>> https://www.idealstock.in