The Associated Chambers of Commerce and Industry (Assocham) has urged the central government to allow the Employees Provident Fund Organisation (EPFO) to invest at least 5 per cent of its funds in equities.

"The EPFO can also be a beneficiary of such emerging capital markets, provided it is permitted to invest a part of its corpus in index-based equity market - which is safer, reliable and remunerative," Assocham said in a report.