Shameless Self Promotion ;-) ™ © ℠ ®

Last year, when I was looking for better way to save my money, some one suggested me to put all my money in ULIP. At that time Sensex was booming. Though the sub prime crisis in USA were starting to show up but still Indian markets were rising and shining every morning. The guy who sold me the policy assured me that market will touch 20K and when I talked skepitically he again assured me that even if the market sank it will touch 16K and may hover around 15K in worst case scenario.

I invested my money and the starting NAV for the units in my ULIP were at 13 Rs. Cool, I said to my self.

Today the Sensex is 8900 points. I have invested more than 1.5 Lac Rs in ULIP and the NAV values of Units I have is 7.5 Rs. which even touched 16Rs. Yes the markets touched 20K. And despite global economic slowdown India is still shining though we have lost some shine.

My investment of 150K plus now stands at 80K but am hopeful and am determined not to give up easily. I have decided to continue with this investment. The brighter side of this slowdown is that I can buy the same units at 7.5Rs which I purchased at 16 Rs and then I can hope that markets touch atleast 12-15K after one and half year and I can get return on my invesment.