The Employees’ State Insurance Corporation (ESIC) is trying to invest surplus funds in the stock market by trade traded funds (ETFs) and is awaiting markets regulator Securities and Exchange Board of India (SEBI)’s nod for exemption from the ₹25-crore per transaction restrict.
As of March 31, 2024, the social safety physique’s investments in authorities and different securities, bonds and debentures, mounted deposits (FDs) and Special Deposit Account (SDA) totalled ₹1,48,547.16 crore, sources in the Ministry of Labour and Employment stated. Of this, ₹79,611 crore has been invested in authorities securities, ₹7,147 crore in different authorised securities, ₹39,407 crore in debentures and bonds, greater than ₹44 crore in FDs with scheduled business banks, and ₹22,336 crore in SDA with the finance ministry, the sources stated.
The ESIC wrote to the SEBI final yr searching for exemption from the ₹25-crore per transaction threshold provided that it doesn’t have the capability to shell out that massive quantity of funding at one go, defined ministry sources.
(The creator, Dalip Singh, of this text is with The Hindu businessline)
Published – March 06, 2025 11:15 pm IST
