I have recently received unit statement from Icici prudential life insurance company for my policy (LifeTime, Maximiser fund), which I’m continuing since Jan’2004. Total fund value shown as on 1st Jan’2012 was 195818.85 (nav 67.69) which became 186029.69 (nav 64.08) by 31st Jan 2012 !
The statement shows, 10.21 utils of bonus been issued of value 631.04.
My question is when any bonus is issued, why the total fund value including that of the issued bonus units fall by 5.33% while I receive a meager 0.32% as bonus ?
Above all, the sensex has appreciated 10.8% from 1st to 31st January’12 !