"We identify stocks and stay invested in them as long as the underlying thesis does not go wrong," said Aneesh Srivastava, chief investment officer of IDBI Fderal Life Insurance. "Ulip holders can switch between funds for free up to a limit and thereafter for a charge. "Very few active policyholders use switches in times of extreme volatility." "We don't churn the portfolio and believe in a longterm strategy. "Generally, people don't use switches," said Srivastava.

Source: Economic Times July 03, 2016 21:15 UTC