EPF participation is expected to boost the current bull run and pushing the market further. EPF's total portfolio is estimated to be around Rs. 145 bn as at March 1998. With annual growth of 15 per cent, the Fund is estimated to top Rs. 165 bn by March 1999.
New contributions amount to around Rs.
10 bn annually. Annual refunds are estimated to be Rs. 4 bn. EPF's annual administrative costs are around Rs. Interest income on investment is around Rs. Therefore, Rs. 40-50 bn worth of new investments are made annually, the source said.