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EPFO funds, not rich folks, fuel PMS assets
Mint Mumbai
|August 16, 2025
Pension savings of millions of Indians have turbocharged the assets of portfolio management services (PMS), often seen as the preserve of India's well-heeled.
The reasons: A rule that binds the retirement fund manager to invest via PMS, and higher tax and compliance burdens that dampen the enthusiasm of rich individuals.
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Mint Mumbai
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