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Let me begin by wishing you and your family a very Happy New Year.
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I hope you got some year-end quality time with your loved ones to reflect on the year gone by. I have tried to capture some of my thoughts on 2021 in my video message to you. It was a year that marked the gradual recovery of world economy and human society after the onslaught of an intense second Covid wave. The Government and RBI’s measures have held us in good stead thus far, and the positive effect of reforms, better than expected corporate earnings, increased pace of business activities all seem to indicate that we may be able to put the Covid related issues behind us in times to come. The year though ended with the news of a new variant, however with increased pace of vaccination and better administrative preparation the country should be able to stay resilient.
Markets on the other side after sustaining strong momentum and touching new market highs every now and then, seems to be moving towards consolidation. One can expect intermittent volatility and some market correction. But as I have stated in the past, corrections are part and parcel of market cycles, it is in navigating them and leveraging the opportunities in it that one evolves as a seasoned investor. I have tried to answer some of the questions you may have in my video message below.
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Make use of the correction to add mutual fund units in certain categories that are best suited for such markets. It is a good time to focus on your asset allocation approach and not let the surrounding noise distract you from your financial journey of long term wealth creation. As a mutual fund investor you have the power of a Simple, Intelligent and Practical tool – your SIP, that will continue to take care of your investment plan through market gyrations. |
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to watch the video message.
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Regards,
A. Balasubramanian
Managing Director & CEO
Aditya Birla Sun Life AMC Limited
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