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SEBI says pension money of young, high earning workers should be in MF’s

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SEBI has made a statement saying that some part of the corpus from employee pension funds should be invested in mutual funds. It has also specified that this should be done for employees below 40-45 years of age with income over Rs. 6,500 per month.

SEBI believes the age restriction will help the employees to build wealth now and reduce the risk as they get closer to retirement. The income restriction will protect all the low wage earning workers.

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