The Air India Employees Provident Fund (AIEPF) trust and Indian Airlines Employees Provident Fund (IAEPF) trust are governed by the Provident Fund Trust Act, 1925. The two trusts’ investments together amounted to Rs 4,500 crore as of August 31, 2021, according to the tender document, seeking RFPs for the appointment of the transaction advisors.
Out of AIEPF trust’s corpus, 68.75 per cent was invested in central and state government bonds, 22.40 per cent in corporate bonds and 8.85 per cent in SDS (Special Deposit Scheme). In the case of IAEPF trust, 45.93 per cent of the investments were in central and state government bonds, 39.28 per cent in corporate bonds, 13.35 per cent in SDS and 1.44 per cent in equity.
- Gopi Thotakura To Become Blue Origin’s First Indian Expatriate Space Tourist
- 26 Indian Startups Raised Over USD 239 Million Funding, Last Week
- GOI Collected Rs 852 Crores For Exporters Under Amnesty Scheme
- DLF Plans to Launch Luxury Project in Q3FY25
- Lupin’s Facility Gers Six Observations From the USFDA
The last date for Request for Proposal (RFP) submission for appointment of transaction advisors is October 18. Among others, the transaction advisors will guide the PF trusts for the process to be adopted to sell securities.