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Rich PF investors may opt for debt MFs
Wealthy investors who pump a sizeable amount into Employees’ Provident Fund (EPF) may look to move some money to debt mutual funds, reckon experts. According to reports, the average corpus invested by high net-worth individuals in EPF accounts is Rs 5.92 crore each. According to the Budget proposal, interest earned on contribution of Rs 2.5 lakh or more to the EPF account will become taxable. "While investment in debt funds comes with a much higher risk, wealthy investors will have no choice but to explore this option to lower their tax burden and
