Why EPF still remains a good bet for investors despite rate cut

In a falling interest rate regime, the Employees’ Provident Fund Organisation (EPFO) has decided to reduce interest rate on the EPF to 8.65%, from 8.8% earlier. This cut may leave the salaried class feeling aggrieved, but financial planners maintain the EPF still remains among the better vehicles for retirement savings in the fixed income space. Manoj Nagpal, CEO, Outlook Asia Capital, contends investors are still better off as the trend in interest rates suggested a sharper cut in EPF rate. “Th ..

Read more at:

http://economictimes.indiatimes.com/articleshow/56072666.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s