Let me first congratulate you on your success in the last many quarters riding this wonderful market wave with Weekendinvesting strategies. Most strategies have performed way ahead of my expectations. I hope as a service user you are satisfied with the performance and the support service we offer. We certainly are very happy to see smiling customers and constantly pouring great testimonials.
I wanted to lay out the plan for the Weekendinvesting products for the coming few quarters so that you can plan ahead in organizing your allocations within each product segment and know what is coming. It also helps us to meet deadlines set ahead.
We will be introducing new products in the Large-cap, Mid-cap, Small-cap and All-cap categories in the next 4 months, likely one every month starting end of Jun 2021. Details on this will follow. These new products will be released first for smaller portfolios (under 5L) and will be offered at a lower fixed fee offering at under INR 5000 per year. Later in the year depending on the acceptance and need, we will also consider to offer it to larger portfolios.
With hundreds and thousands of new users in the last many months, it is time for closure on some of the existing products for new subscriptions. These measures are done to protect the existing users and ensure that the performance does not deteriorate for the users due to over crowding. For example, Mi ATH continues to remain closed for new users.
The following is the schedule
Mi 25 smallcase (and LIVE) will be closed for new subscriptions starting June 30 2021. Existing users will continue to enjoy the services and renewals will work as normal.
Mi AllCap smallcase will (likely) be closed for new subscriptions starting Sep 30 2021. Again, existing users will continue to enjoy the services and renewals will work as normal. Here, additionally the introductory pricing of 9999 per year and 3333 per quarter will change to 14999 per year and 4999 per quarter from Sep 30 2021. All existing users on renewals will be offered the same new plans.
Mi NNF10, Mi LTCNX200, Mi 30, and Mi 50 will remain open and there will be no change.
For LIVE portfolios Mi 25, Mi30 and Mi50, all plans will change to a single plan at INR 49999 per year starting Sep 30 2021. If you are an existing user, you may be able to continue at old rates subject to some conditions. We will write to you individually about this before your renewal is due.
On the subject of users going much beyond the recommended size for the portfolios in LIVE and smallcase products, we will remain in a request mode to them to diversify across products or else to find other services in addition that are suited better for their portfolio size. WeekendInvesting is primarily a service designed for smaller portfolios and is not competing with funds meant for PMS and AIF categories. In case over time we will find that accounts that do not comply we can exercise our right to refuse renewals but I hope we will never reach there.
To know more about all our current products and for future ones as we release, keep this Weekendinvesting HUB link in your bookmarks. It is a great link for a ready reference and performance update
As always, you can feel free to write to me at email@example.com and we will for sure resolve any query in a jiffy! Once again congratulations and All the Best.