New Delhi, July 23 -- The Employees' Provident Fund Organisation (EPFO) recently posted on X advising salaried employees against withdrawing their provident fund (PF) savings to invest in mutual funds. The pension fund organization stressed that the two products serve different financial objectives and should not be considered as alternatives. They added a tag line: "SAMAJHDAR KO EPF KAAFI HAI"

To elaborate, EPFO added a link to an awareness video.

EPFO has explained that the Employees' Provident Fund (EPF) is a statutory social security scheme aimed at ensuring financial security after retirement, while mutual funds are investments that are prone to volatility, voluntary in nature and market-linked investment products designed primaril...