Pension Savings Fuel PMS, Not Just the Wealthy

Imagine people saving for retirement have their money invested in a special program called PMS.

These programs are mainly for wealthy people, but pension money from the EPFO, which manages retirement funds for many Indians, is flowing into them.

The EPFO is required to invest through these programs, which means lots of money from regular workers is helping PMS grow.

Because of higher costs, taxes, and rules, rich people are putting less money into PMS.

Meanwhile, things like mutual funds have advantages like tax benefits.