ESIC too may be allowed to invest 15% of corpus in mutual funds, stocks

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New Delhi: The government is eyeing changes to the investment pattern of the Employee State Insurance Corporation (ESIC) to allow it to invest up to 15% of its corpus in equities and mutual funds, bringing it on a par with the formula followed by the Employees’ Provident Fund Organisation.The move is aimed at ensuring that the growing ESIC corpus fetches higher returns, as the government opens up the scheme to gig workers and expands its