Reliance, ICICI to manage Rs 60,000 crore coal PF Fund
Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore provident fund corpus of coal industry workers, an government official has said.
The decision was taken by the board of trustees (BOT) of the Coal Mines Provident Fund Organisation (CMPFO) in its meeting, chaired by Coal Secretary Anil Swarup, who is the Chairman of BOT, in Kolkata yesterday.