EPFO to appoint new fund managers

New Delhi: Retirement fund manager EPFO is likely to appoint next week at its trustees' meet asset management firms HSBC AMC, UTI AMC and SBI Mutual Fund as its fund managers for a three-year term.

The Employees' Provident Fund Organisation's advisory body Finance, Audit and Investment Committee (FAIC) has finalised and recommended the names of three asset management firms -- HSBC AMC, UTI AMC and SBI Mutual Fund for appointment as fund managers of the retirement fund of the body for a three-year term beginning October 1, 2019, a source said.