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Tricky basically means that you may have to apply to multiple insurance companies. Maybe there could be insurance companies who may not approve for your policy that is the highest level thing where you could have a decline from an insurance company

In a market linked plan like a ULIP, basically, for example, you invest one lakh rupees annually. Now you have a choice to make whether you want to invest it in an equity fund, a debt fund or balanced funds which are a mix of debt and equity. Now this is up to the customer, whichever fund his risk appetite associates with more, he can choose that.

Foreign investors have increased the inflow of equity to India over the past two months, with $8.4bn flowing in. This compares to net outflows in the previous two financial years. This shift has helped the Indian indices gain almost 8% in the current financial year, leaving them 200 points away from a record high. Professionals believe this is due to what they call the "3G" factor of India: better growth, improved governance and a greater commitment to the environment. As a result, FPIs are likely to keep considering these factors when allocating funds to the Indian market.

The Indian rupee closed at 82.57 (provisional) against the US dollar, down 5 paise from the previous close, after the Reserve Bank of India kept the key interest rate unchanged. The rupee touched a day high of 82.53 and a low of 82.61 against the dollar. The central bank maintained its GDP growth projections for FY23 at 6.5%, while marginally lowering the retail inflation expectation to 5.1% from 5.2%. The dollar index fell 0.24% to 103.84, while Brent crude futures rose 0.39% to $77.25 per barrel. The 30-share BSE Sensex closed 0.47% lower at 62,848.64 points.

"Spot gold prices for the Delhi market traded at Rs 60,380/ per 10 gram, down by Rs 420 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

L&T Finance Holdings has recommended a final dividend of Rs 2 per equity share for FY 2022-23 to its members, which if approved, will be credited within 30 days from the date of the annual general meeting. The record date for the dividend will be intimated later. Shares will trade ex-dividend the day or a day before the record date. The non-banking financial company reported a 47% rise in net profit for Q4 2020 when compared to the same period last year. The assets under management dropped to Rs 80,893 crore from Rs 88,341 crore in March 2020 because of a reduction in wholesale business.

Stocks that were in focus included names like Tata Tele, which rose nearly 15%, Paytm or One 97 Communications, which closed with gains of over 6%, and Alembic Pharma which rose more than 5% with strong volumes on Thursday.

While the Sensex closed at 62,849, down by 294 points or 0.47%, the broader Nifty50 settled at 18,635, down by 92 points or 0.49%. ​

On Thursday, the benchmark Sensex cracked 295 points to close at 62,849. Despite the overall market slide, the BSE healthcare index six stocks reached new highs in the past 52 weeks.

The Adani Group, in a presentation shared with the Reserve Bank of India (RBI), said that it had raised fresh debt of Rs 19,235 crore in the two months following the Hindenburg report.