Mutual funds + EPF

Will it be good idea to use the Employees’ Provident Fund (EPF) to invest in mutual funds?

I personally don’t think it is worth to take the funds out to invest in mutual funds. The reason is simple, if you use EPF to invest, you not only forgo the 5-6% of annual dividend but you also have to pay a management fee of 5-6% to the fund manager. So, even before you start, you are already lost by 10-12%.

The only time I would use the EPF is to pay for a property and anytime you take the money out from EPF is good thing because EPF is a legalised Ponzi scheme where new contributors pay for the retired ones.

So, better think twice before to use the EPF to invest in mutua funds!