With Indian equity markets on a high these days, relationship managers are using the opportunity to present a rosy picture of investments to their clients. After all, all they had to show clients in the last two years were losses. Some of them either didn't show face to clients in this period, or hid the losses behind complex 'returns' calculations that even Einstein probably couldn't have deciphered.
Even today, though returns are likely to look far healthier, the scope for 'creativity' remains. A demat account or trading statement never tells you what you have really made or lost at a portfolio level. Insurance companies with unit linked plans are notorious for never giving total premiums and current value in one place. If they did so, the damage caused by their unbelievably high charges would get exposed. They cleverly compare current value with invested amount, not with premium collected (invested amount is much lower than premium due to charges; but what matters to you is the premium!).
What does it mean for me?
Such rampant sleight of hand means that you should look at account statements much more closely to ensure you aren't taken for a ride:
Get the all financial products under one roof only at
Unbiased . Best Deals . Appropriate Products . No Mis-selling