Kathmandu-The government has introduced legal provisions allowing the Employees' Provident Fund (EPF), Citizen Investment Trust (CIT), and Social Security Fund (SSF) to invest in the units of mutual funds, private equity funds, or venture capital funds.

This arrangement was made by the government through an ordinance designed to amend certain Nepal Acts.

By revising the provisions within the Employees' Provident Fund Act (1962), the Citizen Investment Trust Act (1990), and the Contribution-based Social Security Act (2017), the government has established a legal framework to enable investment in the shares or units of mutual funds, private equity funds, and venture capital funds.

Previously, these funds were permitted to invest in the shares of commercial banks, financial institutions, insurance companies, or other entities deemed appropriate by the respective funds.

The new amendment specifically includes the authority to invest in the securities units of mutual funds, private equity funds, and venture capital funds approved by the Securities Board of Nepal (SEBON).