Future Generali India Life Insurance on Thursday said it has launched the Future Multicap Equity Fund to promote long-term capital appreciation.
The fund will be benchmarked against the Nifty 500 to represent its broad-based equities exposure, with a Fund Management Charge of 1.35% The New Fund Offer will close on Jan. 31, the company said in a statement.
"As investment preferences shift towards more dynamic strategies, we are proud to present the launch of the Multicap Equity Fund," Alok Rungta, managing director & chief executive officer of Future Generali India Life Insurance, said.
"This fund illustrates our commitment to offering value and ensuring portfolio diversity in a dynamic financial landscape," Rungta added.
Suzlon Group Completes Task Of Testing Blades For We4Ce
Suzlon Group on Thursday said it has completed a task to test blades for Netherland-based wind energy player We4Ce.
The company executed the testing process at its Blade Test Centre Gujarat located near Vadodara in Gujarat, it said in a statement.
The certification process involved comprehensive testing, including static load, dual-axis fatigue, and simulated 20-year lifecycle performance tests.
The blade achieved 90% of the extreme values in compliance with IEC 61400-5 Ed. 2020 standards, setting a benchmark for excellence in the wind energy sector, the company said.
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