Thursday, April 07, 2011

Fund Switching Advice as on 7 Apr 2011

Dear Policyholders,

The matters have turned out as explained all through since Jan '11 . The markets have shown the resilience but there are a few late development that may take shine away from the markets .

I have always told you that funds under ULIPs should be subjected to risks only very carefully as there is a provision to fine tune the same in accordance. I advise you to come into balanced fund without delay and let some time pass before we review the situation.

The conservative may get into 'defensive fund' .

The result season is commencing shortly and the future course of market will be analysed afterwards.

For reference Nifty closed today at 5891 .

Wishing all best,

Krishna Kumar Khandelwal

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