| ICICI Prudential Life launches R.I.C.H. fund |
| BS Reporter / Mumbai March 14, 2008 |
| ICICI Prudential Life Insurance has launched R.I.C.H fund that will invest in four categories -- resources, investments, consumption, and human capital. The corpus from the R.I.C.H. fund will be invested in equity and equity-related securities (maximum investment is 100% and minimum investment is 20%), debt, money market and cash (maximum investment: 20% and minimum investment: nil). Bhargav Dasgupta, executive director, ICICI Prudential Life Insurance, said, "Life insurance enables investors achieve their long-term financial goals effectively. Fund options within life insurance provide different avenues to customers to choose from to achieve their specific financial goals. In tune with this philosophy, we launched the R.I.C.H. fund, which focuses on India |
