Multiple choice

The Employees Provident Fund Organisation (EPFO) outsourced investment management of its incremental funds to which of the following private fund houses?

  1. HSBC, Reliance Capital, ICICI Pru AMC and SBI.

  2. HSBC, ICICI Pru AMC, UCO Bank, IDBI

  3. ICICI Pru AMC, UCO Bank, IDBI and SBI

  4. HSBC, Reliance Capital, UCO Bank and SBI
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A Correct answer
Explanation

In 2008, EPFO appointed these four fund managers to handle its incremental funds: HSBC, Reliance Capital, ICICI Pru, and SBI. Though the question refers to them as private fund houses, SBI is actually a public sector bank. The other options include banks like UCO and IDBI that were not part of this selection.

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