Dear Policy Holders,
I had advised you last in the first week of October 07 about the funds to be switched to Secured Fund completely and to switch back in to Growth Fund at the rate of 10% of total fund after every competed month. The time has come for all of you to now have the investment in the ratio of 90% in to Secured Fund and 10% in to Growth Fund.
In the mean time the stock markets have been to a high point of Nifty 6000 and are back to Nifty 5680. This is for the leading index only , the broader market did not go to comparable height. The outlook is now bearish only and would remain so for some more time and the advice is based on this premise only that the equity exposure will be averaging out at lower level only over the next six / seven months and we will have an opportunity of booking profits on jumps in part and lower our costs. The interest earning on our investment in secured fund will however continue and would stabilise our over all fund value without the sleepless nights.
As already told to you that I take utmost care of the funds in your policy as these funds are long term funds and should be seeing a little downside , if at all otherwise these funds should only be growing at a pace faster than the Banks' F.D. rates. The end result in the long run would be that your funds growth will be higher than in any other pocket.
Wish you a very happy Diwali,
Hari Om
Krishna Kumar Khandelwal
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