The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has approved the appointment of four asset managers — SBI Funds Management, HDFC Asset Management, Aditya Birla Sun Life AMC, and UTI Asset Management — to handle its debt portfolio for the next five years. Advertisement

“This decision marks a significant step towards ensuring prudent management and diversification of EPFO’s investment portfolio,” said an official release after the October 13 meeting, chaired by Labour Minister Mansukh Mandaviya.

The appointments, based on recommendations from the EPFO’s Investment Committee, followed a year-long selection process. The Request for Proposal had to be floated three times due to procedural delays, according to sources.

As of March 31, 2025, EPFO’s cor

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