Which of the following statements is incorrect regarding EPFO, which was in the news recently?
1
The government permitted the EPFO to invest proceeds arising out of the sale or redemption of investments in equities and related investments.
2
As of date, EPFO can invest minimum of 5% and maximum of 25% in equities and related instruments.
3
EPFO can invest in shares of companies listed on BSE or NSE which have a market capitalisation of 5000 Crore or more.
4
Neelam Shami Rao is the CEO of EPFO
5
As of July 31, the total investment of EPFO is more than 2 lakh Crore.