Govt Opens New Investment Doors for EPF, CIT & SSF; Billions Set to Flow into New Sectors
Summary
The Government of Nepal has opened new investment opportunities for the Employees' Provident Fund, Citizen Investment Trust, and Social Security Fund to invest in mutual funds, private equity, and venture capital, aiming to modernize public savings management and stimulate the economy.
Key Points
- The Government of Nepal has expanded investment options for EPF, CIT, and SSF through a new ordinance.
- These funds were previously limited to banks, insurance firms, and government bonds.
- Now permitted to invest in mutual funds, private equity funds, and venture capital funds.
- The move aims to support startups and private businesses and stimulate the national economy.
