EPF: 744,139 members invested RM29.48bil in unit trust funds

According to the Employees Provident Fund, 744,139 of its contributors invested a total of RM29.48bil in approved Fund Management Institutions (FMI) and unit trust funds as at the end of 2013. The EFP says withdrawing funds to invest in approved FMIs is one way to grow retirement savings, but cautions members to first study the chosen fund and get professional advice.

KUALA LUMPUR: A total of 744,139 members of the Employees Provident Fund (EPF) had invested RM29.48bil in approved Fund Management Institutions (FMI) and unit trust funds as at end-2013.

EPF deputy CEO (Investment) Mohamad Nasir Ab Latif said on Monday the EPF Members Investment Scheme (EPF-MIS) was an opportunity for members to grow their retirement savings.