Dear Policyholder,

Indian equity markets started the new financial year on a positive note, generating 1.4 percent return in April 2017, after having moved up 12 percent and 18.5 percent in January-March 2017 and the complete FY 2016- 2017 respectively. April 2017 started on a negative note due to geopolitical concerns over US launching missiles on a Syrian airfield and a possible face-off against North Korea. However, a favorable French presidential election and surfeit of domestic liquidity, propelled market to close in the positive territory at the end of April 2017.

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