ABSL Mutual Fund Launches Investor Education Campaign
A large cap fund would provide exposure to the frontline stocks, flexi cap fund would allow flexibility to the fund manager to spot opportunities and invest across stock categories while the balanced advantage fund would take care of the asset allocation between equity and debt and a combination of these funds would take care of various market cycles and volatile periods. Commenting on the launch of the campaign, Managing Director and CEO, Aditya Birla Sun Life (ABSL) AMC Limited, A Balasubramanian said, “A combination of 3 funds – Flexi cap, Balanced Advantage and Large cap, will aim to enhance returns in a bull market while managing risks in a bear market. By balancing risks and accelerating returns, the combination of funds seeks to perform well in all market cycles and helps in wealth creation in the longer run. With this campaign, we continue to aim to educate and empower investors in their quest to achieve financial independence.”
ICICI Prudential LifeInsurance posts strong performance
ICICI Prudential Life Insurance has posted a strong financial performance for Quarter1-Financial Year-2023 registering a 31.6 per cent growth in its Value of New Business (VNB), a measure of profitability of the Company. The VNB of the Company stood at `4.71 billion with a VNB margin of 31.0 per cent. Annualised Premium Equivalent (APE) registered a strong growth of 24.7 per cent year-on-year. The Company’s New Business Sum Assured grew by 24.9 per cent year-on-year to `2.21 trillion in Q1-FY2023. Significantly, the Company has achieved overall market leadership with the market share increasing from 14.7 per cent in Quarter 1 in Financial Year 2022 to 15.8 per cent in Quarter 1-Financial Year 2023.
ASUS Introduces all-new ROG Zephyrus Duo 16 and Flow X16
ASUS India, Republic of Gamers (ROG) today strengthened its Zephyrus and Flow lineup with the launch of the ROG Zephyrus Duo 16, Zephyrus G14, and Flow X16 Alongside the refreshed editions of Zephyrus G15,and Flow X13, packed with power and upgraded performance. The laptops featureAMD Ryzen 6000 series mobile processors and a MUX Switch to deliver uncompromising powerful gaming performance.The laptops are an addition to ASUS’ extensive gaming portfolio and are designed to uplift the competitive edge of the gamers with state-of-the-art technology. Resonating the philosophy of ‘Compact is the new Impact’, the latest gaming lineup offers versatility to the gamers by bolstering the gaming experience. The product pricing forZephyrus Duo 16 starts from INR 249,990, Zephyrus G14 - INR 146,990, and Zephyrus G15 - INR 157,990 and will go on sale online and offline.While the pricing for ROG Flow X16 starts from INR 171,990 and Flow X13 – INR 121,990 onwards and will be available online and offline.