Retirement fund body EPFO has decided to invest around Rs 410 crore (Rs 4.1 billion) in exchange trade funds every month during the current fiscal.

"EPFO can invest around Rs 410 crore in exchange traded fund every month during this fiscal.

The body has planned to invest 5 per cent of its incremental deposits every month," a senior EPFO official told PTI.

In the present scenario, the EPFO has received an average monthly incremental deposits of Rs 8,200 crore (82 billion) during this financial year so far.

Thus, 5 per cent of incremental deposits comes to around Rs 410 crore (Rs 4.1 billion).

The Employees' Provident Fund Organisation's apex decision making body the Central Board of Trustees' headed by the Labour Minister Bandaru Dattatreya had decided in March to start investments in stock market.

However, it was assured to the trustees in the meeting that being cautious about the volatile nature of stock market and with no prior experience of such investments, EPFO will start with investing in ETF during the current fiscal.