I think we should debate about whether private PF management should be allowed or not. Incremental 5% in stocks is ok. But what is more important is the EPFO's ability to manage our money effectively. Time and again they have displayed they have neither the expertise nor the experience to manage public money effectively. EPFO is a bureaucratic organisation run on Govt fiats. No initiative or imagination. The service we reseive from EPFO can only be termed pathetic. But look at the service we get from Mutual funds. diffeerence is stark. It is high time Govt allows private managers in PF management. private managers are already managing public money in Banking, Insurance, Mutual funds arena...... Why not PF? Why should the employees be denied the right of choice?? We are not satisfied with EPFO.. WE WANT OPTIONS.. What do you say??
