EPFO goes long on top PSU bonds

The Employees’ Provident Fund Organisation (EPFO) is estimated to have invested at least ₹ 10,000 crore in top-rated public-sector company bonds including that of Indian Oil, Hindustan Petroleum and National Bank for Agriculture and Rural Development (NABARD), some of which have offered rates up to 9 basis points less than similar maturity government bonds, three people with the knowledge of the matter told ET.