ICICI Prudential launches Lifelink Super
New Delhi: ICICI Prudential Life Insurance company has launched single premium unit linked scheme Lifelink Super, targeted at individuals who wish to invest a lumpsum amount and earn returns over a period, without the pressure of regular future payouts.

The scheme would compete with the single premium products available in the market, without diluting the concept of life insurance.
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Nahar Industrial to allot preferential shares
Nahar Industrial Enterprises' has decided to offer, issue and allot 12,65,000 equity shares of the face value of Rs10 each on preferential basis to non-promoters at a price of Rs143.43 per share subject to necessary approvals & provisions.
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Benchmark MF readies inverse index fund
Kolkata: Benchmark MF has lined up an open-ended fund that will seek to derive investment results corresponding to the inverse of the daily performance of the Nifty.

The proposed Benchmark Inverse Index Fund, which will be subject to inverse co-relation risk as it will aim at achieving the opposite of the index, will be different from traditional mutual funds: it will lose value when the Nifty (or its constituents) advances. Similarly, it will increase in value when the market declines.
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