sriranga wrote:If you see the below table EPF gained minimum 1 billion on this transaction.
Simple way to look at it in this way....
Average Investment cost ==========> LKR10bn
Average investment Period =========> 2 years
Gain as per Mr.Cabraal ============> LKR800mn
Return on investment =============> 800mn/10bn
That means 8% return for two years & that brings 4% return per annum.
Wouldn't be better if EPF had invested in Teasury bonds/bills?