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Cheers! EPFO subscribers will now get mutual fund units

Cheers! EPFO subscribers will now get mutual fund units
'A subscriber will know exactly how much of his money is in debt and how much in equity.'Chirag Madia reports. Illustration: Uttam Ghosh/Rediff.com The Employees' Provident Fund Organisation (EPFO) on November 23 cleared a new accounting policy for its equity-linked investments. Under the policy, the 15 per cent of PF contributions parked in equities will be allotted as mutual fund units to all the subscribers. These units can be redeemed by subscribers when they exit or withdraw the ...
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