EPFO may appoint HSBC AMC, UTI AMC, SBI MF as fund managers

Money Control | Aug 15, 2019 at 4:38 PM
  • 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.
  • Therefore SBI’s asset management firm SBI Mutual Fund had submitted bids in this round of bidding for appointment as fund manager.
  • The EPFO had appointed multiple fund managers for the first time in July 2008, for earning better rate of return on deposits for its subscribers.