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The Employees'' Provident Funds & Miscellaneous Provisions Act, 1952 has been enacted with the main objective of protecting the interest of the employees after their retirement and their dependents after death of the employee. The Act provides insurance to workers and their dependents against risks of old age, retirement, discharge, retrenchment or death.

A provident fund is a long-term investment scheme to safeguard the future of employees and create wealth in long term. let's understand the different types of provident funds.

IT Tech Solutions Reliance Mutual Fund has sold 35 million shares. Under the deal, the stock market open Sriram Antrprinurl Ventures sold for Rs 11 core. According to data available on the Stock Exchange Shriram Group company Reliance MF 18 million shares on the BSE and NSE sold 17.24 million shares. The shares of Rs 30.75 crore were sold at an average price 10.83. Shriram Group Company working in the domain of Life Sciences Tech Solutions provides IT solutions to companies. September quarter, Reliance Capital Trustee Company Limited - Reliance Small Cap Fund 2.88 per cent stake in Tech Solutions (35.24 lakh shares).

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