The Central Government move to invest Employees Provident Fund in the equity market is detrimental. And if investment is through SBI mutual fund, it is more dangerous. Many people invested in SBI mutual fund have not received the minimum return so far. Still unknowingly a few people invest in mutual fund and curse themselves for the foolish decision they have taken.
The EPF Organisation can invest in mutual fund if minimum return is assured. The FII investing in Indian Stock Market and making high returns can not be taken as a yardstick because they often come as players and Indian investors are the losers. A rethink, therefore, is essential to invest the hard earned money of employees in stocks an shares as Indian Stock Market is directionless quite long.
K A Solaman
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