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Sectoral funds out from the investment portfolio of Max New York Life

Sectoral funds will not find a place in the investment portfolio of Max New York Life Insurance Co. Ltd.

Apnainsurance.com Research Bureau

10 May 2008

Sectoral funds will not find a place in the investment portfolio of Max New York Life Insurance Co. Ltd. As in a sectoral fund, investments to achieve their break-even point will require a long term prospective.

The insurance company has a policy of safety and security. Investors have to match the markets and the best performing sector on a regular basis. It would require a periodic review on the portfolio. A sector could be the best performer in a particular period but not for the entire year.