Retirement fund manager Employees Provident Fund Organization (EPFO) has joined hands with Indian Institute of Management Bangalore (IIM-B) to create a pool of finance and investment professionals as its corpus continues to bulge.
As part of the arrangement, the pension fund had already got a batch of its officers trained in July and is sending another batch beginning 30 September for an “advanced training program on finance and investment”, as per an internal circular of the fund manager seen by Mint.
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At IIM-B, the officers will be trained with special emphasis on options and derivatives, portfolio selection and diversification, behavioural finance, and portfolio monitoring.
“Though EPFO is a social security and finance organisation, most of its officers are not well trained finance professionals. We wish to train and create a pool to handle the EPFO corpus better. This will bring professionalism, more domain expertise and vision on how to manage the money better,” said an EPFO official requesting anonymity.
Source: livemint
