EPF net worth soars to Rs. 4.37 tn as real returns hit decade high
- CNL Reporter
- April 28, 2025
- News
- EPF
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Sri Lanka’s Employees’ Provident Fund (EPF), the nation’s largest retirement fund, reported a record 12.6 percent year-on-year surge in net worth to Rs. 4.37 trillion by the end of 2024, up from Rs. 3.89 trillion in 2023. The growth was driven by robust investment income and higher contributions.
The Central Bank’s Governing Board approved an 11 percent nominal interest rate for 2024, down from 13 percent in 2023.EPF’s total investment income climbed 6.8 percent to Rs. 513.8 billion in 2024, up from Rs. 481.1 billion the previous year.
Interest income, the fund’s primary revenue source, grew 2.9 percent to Rs. 455.1 billion, while dividend income skyrocketed 82.9 percent to Rs. 5.5 billion. In particular, gains from listed equities also surged, with net fair value gains hitting Rs. 49.2 billion, more than double of 2023’s Rs. 23.8 billion.
Member contributions rose 11.3 percent YoY to Rs. 234.4 billion, and refunds dropped 12.9 percent to Rs. 188.1 billion. This resulted in a net contribution of Rs. 46.3 billion, reversing 2023’s net outflow of Rs. 5.3 billion.
