ProFiT

Last few weeks have seen massive wealth destruction worldwide. Equity markets have corrected around 30% in India too.

Your investment portfolio has also taken a hit and you must be worried about the current scenario and thinking what to do. It must be very painful to see such erosion in value of investments.

As your advisor, we are also in deep pain, when we see the portfolio getting hit by such falls. It all happened so quickly around the globe due to Corona Virus scare that there was little time to take any suitable measures to protect the fall in value. At this stage, changing the asset class from equity to debt doesn't seem to be a good choice.

Events like these are black swan events which happen once or twice a decade. History suggests that things eventually improve after such events. We urge you to sit tight on your investments. We strongly suggest to continue your SIP's as they are helping you buy at lower levels. Please do know that buying cheap is the essence of getting higher returns and so we would also suggest you to consider buying lumpsum in 2-3 tranches if markets go down further, in fact, *buy at every low is the essence of multiplying your investments*. We know it is not easy. If you would like to give it a pass, we would understand.

We are keeping a close eye on the developments and will reach out to you if any action is required. These are extraordinary circumstances and please know that we are always on your side. Together we will come out of this situation and see good days for the portfolio in the near future. Let's hope for the best. This will end soon. Let's hope *The Hindu New year, Gudhipadva* will bring soothing effect.

*ProFiT*

May all the lamps you light on the occasion of Diwali bring peace, joy and happiness to your life. Hope that the coming year turns out to be the most successful one for you.
Happy Diwali!
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