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English Release 2-October 2014
Date Month Year
  • President's Secretariat
  • Swachh Bharat Abhian in Rastrapati Bhavan
  • President's Dussehra Greetings
  • President Congratulates medal winners in Incheon Asian Games – 2014
  • President of India, Shri Pranab Mukherjee flags off Swachh Bharat Mission at Kirnahar, Birbhum district of West Bengal
  • President congratulates Germany on the occasion of Unification Day
  • President pays floral tributes to Mahatma Gandhi and Shri Lal Bahadur Shastri
  • Vice President's Secretariat
  • Vice President Greets Citizens on Dussehra
  • Prime Minister's Office
  • English rendering of Prime Minister Shri Narendra Modi’s address at the launch of “Swachh Bharat Mission” at Rajpath
  • Text of Prime Minister Shri Narendra Modi’s address during launch of 'Swachh Bharat Mission' at India Gate
  • Swachh Bharat Mission: Sidelights
  • PM makes surprise visit to Mandir Marg police station, New Delhi
  • PM launches Swachh Bharat Abhiyaan
  • PM pays tribute to Mahatma Gandhi ji and Lal Bahadur Shastri ji, on their birth anniversary
  • Min of Civil Aviation
  • Airports Undertake “Swachh Bharat” Drive
  • Min of Corporate Affairs
  • Swachh Bharat Mission
  • Min of Defence
  • Indian Air Force (IAF) Participates in Swachh Bharat Abhiyan
  • ‘Swachh Bharat Campaign’ and Green Initiatives Launched by Indian Navy
  • Overseas Deployment of Western Fleet Ships
  • Defence Ministry Launches Swachh Bharat Abhiyan
  • Swachhata Shapath Samaroh by Indian Army
  • Ministry of Finance
  • 5.29 Crore Accounts Opened under PMJDY-3.12 Crore in Rural and 2.17 Crore in Urban Areas; RuPay Card issued in 1.78 Crore Accounts
  • Min of Information & Broadcasting
  • Shri Prakash Javadekar administers Swachh Bharat Pledge
  • Min of Power
  • One Lakh Toilets in Schools to be constructed by Energy PSUs within a Year : Piyush Goyal
  • Address by Shri Piyush Goyal in connection with Swachh Bharat Mission
  • Ministry of Railways
  • IRCON Participates in Swachh Bharat Campaign
  • Min of Rural Development
  • 20 Lakh Rupees to Every Village per annum in the Country for Swachhta Mission-Gadkari
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • ‘Punarjagaran’- Mass Awakening Campaign for Youth Launched
  • India’s Performance on Day 13 at Asian Games 2014

Previous Date

 
Ministry of Labour & Employment29-July, 2008 18:0 IST
Central Board of Trustees select fund managers

      A special meeting of the Central Board of Trustees, Employees Provident Fund was held here today to decide on the issue of appointing a multiple fund managers to manage the provident fund monies.  The issue of multiple fund managers is under examination by the Board for more than two years.  In an earlier meeting, it was decided to appoint a professional agency to assist the EPFO through the process of appointing multiple fund managers.  M/s. CRICIL was appointed as a consultant.  After following rigorous scrutiny mechanism in a transparent and fair manner, the Committee of Officers short listed 17 out of 21 applicants for inviting request for proposals (RFP).  All the parties were informed of the requirements and technical parameters.  On examination of technical bid, 10 fund managers were shortlisted for financial bid.

            On opening the financial bid,   two fund managers among the shortlisted i.e. namely HDFC AMC, Birla Sun Life AMC., made a bid of 0%. Their bids were rejected after taking a legal advice and that zero bid would not constitute a valid contract.  The Board selected four fund managers on the basis of financial bid.  The fund managers selected and fee quoted by them are as follows:

1.         HSBC AMC                               0.0063%

2.         ICICIC Prudential AMC             0.0075%

3.         State Bank of India                  0.01%

4.         Reliance Capital AMC              0.01%

            It is expected that each year about Rs.30,000 crore would be available as incremental accretion to these fund managers. The monies be managed by them would be in a certain proportion that would be decided later.  Further they would also render custodial services for maintaining the previous investment currently held by SBI.

VBA/


(Release ID :40803)

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