EPFO mulls investing 3% of fresh inflows in startups: Report

The Employees' Provident Fund Organisation (EPFO) is drafting guidelines to invest up to 3% of its fresh annual inflows in startups and alternative investment funds (AIFs), Mint reported, citing sources. This comes five years after the government allowed EPFO to invest in AIFs. The proposal is expected to be placed before the Central Board of Trustees in November.