New Delhi, Oct. 31 -- The Employees' Provident Fund Organisation (EPFO) is working on guidelines to invest 3% of its fresh annual investments in alternative investment funds (AIFs), including those that finance startups, The Times or India reported.

If approved, the move could give workers' retirement savings exposure to startups, private equity and other growth-oriented assets.

It would also mark a gradual shift in the retirement fund body's investment strategy, which has traditionally focused on government securities, debt instruments and other relatively safer options.

However, the proposal is still under consideration and will require approval from EPFO's Central Board of Trustees (CBT).

According to the news report, the proposed ...