Increasing equity exposure

EPFO should first fix the basics

How should an institution managing retirement funds invest? Should it aim to minimise risk and invest in risk-free assets, or should it take some risk to enhance returns for its investors? While the answer will depend on a number of factors, including the profile of contributors, generally, it makes sense for such fund managers to take moderate levels of risk. One of the biggest advantages such fund managers have is that their funds are of long-term nature, which gives greater flexibility in management. However, things may not be as straightforward if the fund management institution is run by the government