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I am investing Rs 1000 monthly in Reliance Super Invest Assure Plan which i think is ULIP. Date of commencement : 09/2009 , term : 15 yrs sum assured 1,80,000.When I checked my status online the details were as follows:Fund Allocation:100.000000,Fund Type:REZ Equity Fund, No of Units:712.7399,NAV as on Date:12.84,Current Fund Value:9148.02.I have so far invested 22k but my fund value is 9000.Am I losing money?Should i continue to invest in this.How is this fund doing.
What ever details provided by you above, I have created a benefit Illustration (check attachment). The fund value as per plan after 2 years of investment Rs.11905/-. As per your query your Current Fund Value: 9148.02, which is 2756.98 less than the illustrative value. The reason for that may be you may have invested in the equity market fund and equity market is down so your fund value. Always invest for min 5-10 years in an ULIP, 2 years is a very short time to judge a fund.
Insurance is not for investment, it's purpose is to provide risk cover. If your purpose is investment, please buy other investment products like MFs, shares etc.