Employees Provident Fund Organisation (EPFO) finalised the Fund Managers for the Pension Fund Corpus of 3.5 lakh crores for next three years with 35% allotted to State Bank of India (SBI). The other Fund managers are ICICI Securities (25%), HSBC AMC (20%) and Reliance Capital (20%). ICICI Prudential which was one of the Fund Managers last time was dropped this time.
Except SBI, all others are private Fund Managers.