Fri, 29 Mar 2024 Today's Paper

CB to revise EPF’s investment guidelines

By

4 January 2021 07:38 pm - 0     - {{hitsCtrl.values.hits}}

A A A

The Central Bank today announced plans to revise the investment guidelines related to the Employees’ Provident Fund (EPF) to diversify the investment portfolio of Sri Lanka’s largest superannuation fund under the current low interest rate environment.

“The intention is to facilitate a more prudent investment decision making process, while strengthening the existing internal control environment. We expect to rebalance the investment portfolio to generate a high risk adjusted rate of return compared to market rates, while seeking alternative investment avenues to diversify the investment portfolio given the current low interest rate environment,” the Central Bank Governor Prof. W.D. Lakshman said.

As per the current investment policy, the EPF Department of the Central Bank is authorized to invest in Treasury bill and bonds issued by the government, corporate debentures and trust certificates, equities, fixed deposits, commercial papers, reverse repurchase agreements, Standing Deposit Facility (SDF) and cash, subject to certain restrictions.

The investment portfolio of the Rs.2.54 trillion fund consisted of 93.8 percent in government securities and 3 percent in equity,

At the end of 2019, the investment portfolio of the Rs.2.5 trillion fund consisted of 93.8 percent in government securities and 3 percent in equity.

The yields on government securities came down to historical low levels during the 2020.

The fund’s declared interest rate on member balance fell to 9.25 percent in 2019 compared to 9.5 percent in 2018.

 

 

 

 

 

 

 

 

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H